1.1 The seller / developer is the registered owner of the property described as :-

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1 WELGEKOZEN COUNTRY ESTATE (PIET RETIEF EXTENSION 16) LAND PURCHASE AGREEMENT (RESIDENTIAL 2016 VERSION) 1. ROBERT PAUL MEADOWS Identity Number Married out of community of property AND 2. HUBERTHA MEADOWS Identity Number Married out of community of property ("the seller / developer") Postal address: Physical address: Telephone: (h) (b) (c) Telefax: and ("the buyer") Identity/Registration No. Marital Status Postal address Physical address : : : : Telephone No. (Work) : Cell No. Telephone No. (Home) : Fax No. address SA Resident : : Yes / No Income Tax No. 1. SALE OF THE PROPERTY 1.1 The seller / developer is the registered owner of the property described as :-

2 MSM/TA Page 2 PORTION 48 OF THE FARM WELGEKOZEN 514, REGISTRATION DIVISION IT, IN THE MKHONDO LOCAL MUNICIPALITY, MPUMALANGA PROVINCE, IN EXTENT (EIGHT COMMA SEVEN THREE SEVEN FIVE) HECTARES ("the parent property") 1.2 The seller / developer intends to apply for a township approval and to have the township register opened in respect of the parent property. The township will be called PIET RETIEF EXTENSION 16. As at the signing of this agreement, the township concerned is not an approved township. 1.3 Once the township is approved and the township is registered, various erven will be created as per the site plan annexed hereto marked "A" to this agreement. 1.4 The seller / developer sells to the buyer, who buys: PROPOSED PORTION OF THE FARM WELGEKOZEN 514, REGISTRATION DIVISION IT, IN THE MKHONDO LOCAL MUNICIPALITY, MPUMALANGA PROVINCE ("the property"). 1.5 The property is illustrated as ERF measuring approximately on the site plan and it is part of an estate called Welgekozen Country Estate. The estate plan with various other erven is shown on the estate plan provided separately to the buyer. 2. PURCHASE PRICE 2.1 The purchase price plus VAT of the property is: Total purchase price plus VAT : R Deposit: R ("the purchase price") Bond Amount / balance of purchase price: R 2.2 The purchaser shall be liable for all transfer costs including, but not limited to, transfer duty and conveyancing fees.

3 MSM/TA Page 3 3. HOW THE PURCHASE PRICE MUST BE SECURED AND PAID 3.1 The purchase price is R and is payable to the seller / developer on registration of transfer of the property to the buyer ("the transfer date"). 3.2 Payment of the purchase price shall be secured by the buyer as follows: A deposit of R shall be paid to Shepstone & Wylie of 24 Richefond Circle, Ridgeside Office Park, Umhlanga Rocks ("the conveyancers") on signature of this agreement. The conveyancers' bank details are as follows:- Bank: The Standard Bank of South Africa Limited Account Name: Shepstone and Wylie Trust Account Account Number: ACB Code: Branch: Durban Reference: "purchaser's name" / Thirusha Anthony The balance of the purchase price of R shall be secured by a suitable bank guarantee in favour of the seller / developer or the seller / developer's nominee on terms acceptable to the seller / developer, delivered to the conveyancers within 21 days from the date of granting of the loan referred to in clause 6 below. 4. FICA 4.1 The buyer must comply with the Financial Intelligence Centre Act and must immediately give the estate agent and conveyancers any information or documents that they require for the purposes of ensuring compliance with the Finance Intelligence Centre Act. 4.2 The buyer understands and accepts that any money paid by the buyer to the conveyancers cannot be invested in an interest-bearing account (and will not earn interest) until the buyer has complied with the requirements of the Financial Intelligence Centre Act. I understand and accept that any money I pay to the Initial below:

4 MSM/TA Page 4 conveyancers will not earn interest until I have complied with the Financial Intelligence Centre Act. 5. PAYMENT TO THE SELLER / DEVELOPER 5.1 The conveyancers must pay the purchase price, to the seller / developer when the property is registered into the name of the buyer. 6. SUSPENSIVE CONDITION: MORTGAGE LOAN 6.1 This agreement does not come into effect unless the buyer is granted a mortgage loan for the sum of R within 30 days of the signing of this agreement by the last party. 6.2 The buyer will be deemed to have been granted a mortgage loan when a financial institution issues a letter, acceptable to the conveyancers, confirming that a mortgage loan has been granted to the buyer upon the normal terms and conditions applicable to home loans. 6.3 The seller / developer is entitled to extend the 30-day period, for a further period of 30 days, by giving written notice to the buyer. 6.4 If the mortgage loan is not granted within the 30-day period, or any extended period granted by the seller / developer, then either party may cancel this agreement by giving a written notice to the other party. If this happens, then no party shall have any claim against the other for damages, and all monies paid by the buyer to the conveyancers must be refunded, together with interest less an administration fee of R342 including VAT. 7. OCCUPATION AND RISK 7.1 The buyer will be allowed to occupy the property when the property is registered in the name of the buyer. 7.2 All risk and benefit in the property will pass to the buyer from the date when the property is registered in the name of the buyer. This means that, from this date, the buyer

5 MSM/TA Page Is liable for the payment of costs related to the property, including levies payable to the Homeowners Association and rates payable to the Mkhondo Local Municipality; Is responsible for any damage or loss caused to the property; and Is entitled to all benefits flowing from the property. 8. VOETSTOOTS 8.1 The property is sold VOETSTOOTS absolutely as it stands and without any warranty, express or implied, the seller / developer not being responsible for any defects, whether latent or patent. 8.2 The buyer acknowledges having satisfied himself as to the nature, locality, boundaries and extent of the property, provided that if upon re-survey of the property, the extent thereof is found not to correspond with that stated in the Title Deed, the seller / developer shall not be entitled to claim compensation for any excess, nor be responsible for any deficiency, subject to a maximum deviation of 5% (FIVE PERCENTUM) from the Extent as reflected in this Contract. 9. RE-SALE 9.1 In the event of the buyer disposing of the property, the buyer acknowledges that he shall be obliged to utilize the standard Sales documentation owned by the conveyancers which incorporates the Welgekozen Country Estate documentation and that they all be obliged to refer the prospective buyer to the Welgekozen Country Estate Homeowners Association or their nominee for the signing of the Sales Documentation and pay an agreed Administration fee to the Welgekozen Country Estate Homeowners Association of R (FIVE THOUSAND RAND) plus VAT. 9.2 The buyer acknowledges that the provisions of this clause are fair and reasonable, due to consideration being had to the specific requirements of the Welgekozen Country Estate Homeowners Association, and further agrees and undertakes to

6 MSM/TA Page 6 ensure that the Sale Agreement relating to such re-sale shall include inter alia, all the buyer benefits and obligations as contained herein. 9.3 It shall be a condition of re-sale in respect of the property, that the buyer therein shall be precluded from receiving transfer into his name of the property, until such time as his application for membership of the Welgekozen Country Estate Homeowners Association has been approved and the Welgekozen Country Estate Homeowners Association's consent in writing has been obtained for the purposes of effecting registration of transfer. 10. WELGEKOZEN COUNTRY ESTATE DEVELOPMENT 10.1 The Welgekozen Country Estate includes approximately: residential properties, properties for office or commercial usage, and sectional title units It is anticipated that the development of the Welgekozen Country Estate will be completed by approximately 2018, but the completion of any residential estate is based on a wide range of influences that may delay completion. Some of these influences are beyond the developer's control and include demand for property, the economy generally and the availability of builders and building supplies, amongst other things. As a result, the buyer understands and accepts that: The Welgekozen Country Estate Homeowners Association may grant an extension to the building period from time to time; The completion of the development of Welgekozen Country Estate may be delayed; The anticipated completion date is a target date and is not material to this agreement; and

7 MSM/TA Page The buyer may be required to accept the inconvenience of building activities continuing on Welgekozen Country Estate beyond I understand and accept that completion of the Welgekozen Country Estate may extend beyond This is a target date and is not material to this contract. Initial below: 11. THE WELGEKOZEN COUNTRY ESTATE HOMEOWNERS ASSOCIATION The buyer understands and agrees that : The Welgekozen Country Estate is managed by the Welgekozen Country Estate Homeowners Association, a non-profit body corporate governed by its constitution ("the Homeowners Association"); 11.2 In terms of conditions registered against the title deeds of properties in the Welgekozen Country Estate the buyer must be a member of the Homeowners Association and must remain a member for as long as the property is registered in the buyer's name. The buyer must ensure that any person who buys the property from the buyer is made aware of these conditions; 11.3 The buyer must comply with the Constitution of the Homeowners Association, as well as any rules issued by the Management Committee from time to time; and 11.4 The Constitution of the Homeowners Association allows the developer to exercise the majority of votes on the Management Committee, and in general meetings of members, during the development period. The "development period" means the period from the establishment of the Homeowners Association until: The developer has sold all the properties owned by it; or The developer gives notice that it has ceased development Welgekozen Country Estate ("the development period") The buyers / owners of the commercial erven 48 to 50 as illustrated on the estate plan are not required to join the Homeowners Association.

8 MSM/TA Page LEVIES 12.1 The buyer must, together with the other property owners at the Welgekozen Country Estate, pay the monthly levies imposed by the Homeowners Association. At the date of signature of this agreement, it is recorded that the levy is R plus VAT if applicable. The levy payment must be effected via a debit order The buyer understands and accepts that the levies payable to the Homeowners Association exclude electricity and water consumption charges, rates levied by the Mkhondo Local Municipality and the charges for any services not included in the budget of the Homeowners Association The developer is not required to pay a levy in respect of unsold, vacant properties, regardless of whether or not the properties have been serviced. 13. BUYER'S ACKNOWLEDGEMENT (2680, 2681 AND 2682) 13.1 The buyer acknowledges that he is aware of the intended future developments of the Welgekozen Country Estate, which development will consist of residential dwellings, commercial properties, private and publicly accessible recreational areas. It is intended for the development to the aesthetically pleasing and to have a harmonious style. The buyer acknowledges that sites marked Erven 2680, 2681 and 2682 have been earmarked for commercial development and hereby undertakes that he will, at all times, co-operate with the seller / developer and the Homeowners Association in an endeavour to facilitate the success of the said development. He will not object to any application made by or on behalf of the seller / developer and the Homeowners Association, their nominees or agents for special usage consent, licences for shopping, commercial, filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court or to any local or other competent authority in respect of any property within Welgekozen Country Estate.

9 MSM/TA Page BUILDING PLANS 14.1 The buyer understands and accepts that the Building Plans must be approved by the Homeowners Association and by the Mkhondo Local Municipality, before building may begin. 15. SPECIAL CONDITIONS 15.1 Special conditions applicable to residential erven / sites: The residential estate, to be known as Welgekozen Country Estate (internal road to be named "Meadows Avenue") will be walled with an electrified fence with an alarm and gatehouse (Cape Dutch to match the existing lodge) including 24 hour manned security and also landscaped. Internal roads to be interlocking precast concrete pavors with precast concrete kerbs and storm water manholes; All buyers are to join the Homeowners Association and are to contribute a monthly levy to cover security, wall, landscaping and road maintenance, insurance, etc, of approximately R plus Vat if applicable per month (levy to be paid for by signed debit order); The minimum size of the dwelling to be 62 square metres and the plans for the dwelling to be approved by the chairman of the Homeowners Association, prior to the Municipality submission at a cost of R per submission; All homes to have solar geysers and or heat exchanges, low energy lighting, gas hobs and ovens (gas hobs and electric ovens permitted), sisalation and or alucushion under tiles or roof sheeting and aerolite 50mm insulation above all ceilings; No single skin concrete block external walls will be allowed for the houses. All external house walls to be double skin minimum 200mm wide and external face of the internal skin to be bagged and waterproofed using an approve bituminous product or face or semi face brick;

10 MSM/TA Page Pets will be permitted subject to application and approval by the Homeowners Association. Residents to ensure pets remain on their property; Owners to abide by the Homeowners Association conduct rules (these rules will cover costs and issuing of access discs as well as general rules and behaviour); Owners with pets are to fence their properties with 1,2 metres high PVC white picket fencing as per value fencing. 16. BUILDING ON THE PROPERTY 16.1 The buyer must finish building a dwelling house on the property Within 3 years of the date of registration of transfer of the property from the developer into the name of the first third party buyer; or Within any extended period determined by the Homeowners Association from time to time Once the buyer begins building, building operations must be continuous (there must be no period during which building is stopped, except for rainy days, official public holidays and builders' holidays) and must be finished Within 12 months from the date on which building began; or Within any extended period determined by the Homeowners Association from time to time If the Homeowners Association does not extend the 3 year period mentioned in clause , or the 12 month period mentioned in clause , then the buyer may apply to the developer for an extension of one year in exchange for payment of a penalty equal to 5% of the purchase price of the property If the buyer does not begin and finish building within the periods mentioned in clauses and or within any extended period obtained on application in

11 MSM/TA Page 11 terms of clause , then the buyer must pay additional levies on the property concerned as determined by the Homeowners Association The developer is not required to build any buildings on unsold properties within any particular time period The buyer understands and accepts that building will be complete when the buildings have been signed off by the architect as having been built in accordance with the approved plans, and a building completion certificate has been issued by the estate manager. I understand and accept that I must finish building a dwelling house on the property within 3 years of the date of registration of transfer and that, once I have started building, building must be continuous and must be finished within 12 months from the date on which building began. Initial below: I understand and accept that penalties will be payable by me in the event that I fail to meet these timelines. I understand and accept that the developer is not required to build on unsold, vacant properties within any particular time period. 17. PRE-EMPTIVE RIGHT 17.1 If the buyer does not begin and finish building within the periods mentioned in clauses and or within any extended period obtained on application in terms of clause , then the developer, during the development period, or the Homeowners Association shall be entitled to sell the property concerned by public auction by an auctioneer nominated by the developer or Homeowners Association as the case may be. The purchase price achieved at the public auction must be used to defray all expenses relating to the sale of the property and the balance must be paid to the buyer. The expenses relating to the sale of the property include: The advertising of the property; The auctioneer's commission; and

12 MSM/TA Page A 5% handling fee payable to the developer, during the development period, or thereafter the Homeowners Association Any person buying the property by public auction must begin building within 12 months of the date of registration of transfer of the property into his or her name and must finish building within a further 12 month period. 18. INDEMNITY IN FAVOUR OF THE MKHONDO LOCAL MUNICIPALITY 18.1 The agreement between the developer and the Mkhondo Local Municipality provides that the Mkhondo Local Municipality must not be held responsible for providing any of the services at the Welgekozen Country Estate if the developer has failed to carry out all of its obligations The buyer indemnifies the Mkhondo Local Municipality against any claims that the buyer may have against the municipality if the developer has failed to carry out all of its obligations. I understand and accept that the Mkhondo Local Municipality cannot be held responsible if the developer has failed to install all the required services, and comply with all of its obligations. I indemnify the municipality. Initial below: 19. SERVITUDES 19.1 The property is sold subject to The servitudes reflected on the Site Diagram; The conditions imposed by the Mkhondo Local Municipality in terms of the Provisions of the Town Planning and Township Ordinance, 1986 are as follows: Conditions Applicable to all Erven: The erf is subject to a servitude 2m wide in favour of the Mkhondo Local Municipality, for sewerage and other municipal purposes along any two boundaries other than a street boundary and in the case of a panhandle erf, an additional servitude for municipal purposes 2m wide across the

13 MSM/TA Page 13 access portion of the erf, if and when required by the Mkhondo Local Municipality: Provided that the Mkhondo Local Municipality may dispense with any such servitude No building or other structure may be erected within the aforesaid servitude area and no large rooted trees will be planted within the area of such servitude or within 2m thereof The Mkhondo Local Municipality is entitled to deposit temporarily on the land adjoining the aforesaid servitude area such material as may be excavated by it during the course of construction, maintenance or removal of such sewerage mains and other works as it, to its discretion may deem necessary and will further be entitled to reasonable access to the said land for the aforesaid purpose subject to any damage done during the process of the construction, maintenance or removal of such sewerage mains and other works being made by the Mkhondo Local Municipality The erf is situated in an area that has soil conditions that could detrimentally effect buildings and structures and be the cause of damage. Building plans which are submitted to the Mkhondo Local Municipality for approval must contain remedial actions which are in accordance with the recommendations contained in the geo-technical report that was compiled for the townships so as to eliminate possible damage to buildings and structures as a result of the unfavorable soil conditions, unless proof can be submitted to the Mkhondo Local Municipality that such remedial actions are unnecessary or the same result could be achieved in a more effective manner No new structures may be established or erected at distances less than 15 metres measured from the N2 national road reserve boundary without the approval of SANRAL Conditions Applicable to ERF 2676 and ERF 2678: The erven are subject to a 3m servitude for municipal services on the northern boundary of the erf parallel to that erf boundary.

14 MSM/TA Page Conditions which, in addition to the existing provisions of the Ruling Town Planning Scheme, have to be incorporated in the Piet Retief Town Planning Scheme, in terms of Section 125 of Ordinance 15 of 1986: ERVEN 2664 TO 2678 AND : Residential The erf and the buildings erected thereon, or which are to be erected thereon may only be used for dwelling houses and with the special consent of the Mkhondo Local Municipality for places of public worship, place of instruction, social halls, institutions and special uses The height of buildings on the stand may not exceed 3 storeys The coverage of buildings on the stand may not exceed 50% ERF 2679: Special Guest House / Lodge Special for the purposes of a lodge and conference facility The height of buildings on the stand will not exceed 3 storeys The coverage of dwelling houses on the stand will not exceed 50%, residential buildings 60%, other buildings 80% on ground floor, 60% on floors above ground floor ERF 2684: Special Private Road All parts of the erf up on which motor vehicles are allowed to move or park, will be provided with a permanent dust-free surface, which surface must be paved, drained and maintained to the satisfaction of the Municipality Entrances to and exits from the erf must be sited, constructed and maintained to the satisfaction of the Municipality Any requirements for air-pollution, noise abatement or health measures set by the Municipality will be compiled with to the satisfaction of the Municipality without any costs to the Municipality.

15 MSM/TA Page Advertisements and/or signboards may be erected or displayed on the erf without the written consent of the Municipality first being obtained in terms of municipal by-laws for outdoor advertising ERVEN 2676, 2663 & 2662: Residential The erf and the buildings erected thereon, or which are to be erected thereon will only be used for dwelling units, residential buildings excluding hotels and with the special consent of the Mkondo Local Municipality for special uses, social halls and places of public worship The height of the buildings on the stand may not exceed 3 storeys The coverage of residential buildings on the stand may not exceed 40% and other buildings 75% ERVEN 2680, 2681 & 2682: Business The erf and the buildings erected thereon, or which are to be erected thereon may only be used for places of refreshment, shops, business premises, residential buildings, dwelling units, places of public worship, places of public instruction, social halls,dry cleaners and public garage The height of buildings on stand may not exceed 3 storeys The coverage of dwelling houses on the stand will not exceed 50%, residential buildings 60%, others buildings 80% on ground floor,60% on the floor ERF 2683: Municipal Municipal Purposes ALL ERVEN The erf is the situated in an area that has soil conditions that could detrimentally effect buildings structures and be the cause of damage. Building plans which are submitted to the Mkhondo Local Municipality

16 MSM/TA Page 16 for the approval must contain remedial actions which are in accordance with the recommendations contained in the geo-technical report that was complied for the township so as to eliminate possible damage to buildings and structures as a result of the unfavourable soil conditions, unless proof can be submitted to the Mkhondo Local Municipality that such remedial actions are unnecessary or the same result could be achieved in more effective manner Any further conditions imposed by the developer or the Homeowners Association The buyer accepts the property subject to these servitudes and conditions. I understand and accept that the property is subject to servitudes and other conditions. Initial below: 20. DEFECTS (APPLICABLE IF THE CONSUMER PROTECTION ACT DOES NOT APPLY) 20.1 If the Consumer Protection Act does not apply to this sale, then the property is sold in its present condition, voetstoots and the developer shall not be liable for any defect in the property The parties record that: The buyer is presumed to be acquainted with the property, its servitudes and conditions of title, extent and locality; and The seller / developer shall not be liable for any shortfall in extent which may appear on a re-survey of the property and, equally, the seller / developer shall not be paid for any surplus. 21. MANAGING AGENT 21.1 The legal and administrative aspects of the management of the Welgekozen Country Estate are complex. The buyer understands and agrees that, in view of

17 MSM/TA Page 17 this, it is beneficial and in the best interests of the buyer that the developer or its nominee shall be entitled to manage the affairs of the Homeowners Association during the development period and for a period of up to 1 year after completion of the development The developer may, in its discretion, elect to hand over the management of the Estate to the Homeowners Association prior to the end of the period referred to in clause TRANSFER 22.1 The legal and conveyancing aspects of the Welgekozen Country Estate are complex. The parties understand and agree that, in view of this, it is beneficial and in the best interests of the parties and the Welgekozen Country Estate that the transfer of the property be undertaken only by a conveyancers who is on a panel of conveyancers approved by the developer during the development period and, thereafter, by the Homeowners Association Subject to clause 22.4 below, the registration of the property into the name of the buyer must be done by the conveyancers as soon as possible after the purchase price has been secured (as provided for in clause 3) The buyer must sign all documents, and pay all conveyancing fees and disbursements, within 10 days of being called upon to do so by the conveyancers. If the buyer fails to meet this obligation, then interest will accrue to the seller / developer on the full purchase price at the prime overdraft rate of the Standard Bank of South Africa Limited from the due date until the date when the buyer provides the necessary information, signs the documents or pays the conveyancing fees and disbursements, as the case may be The transfer of the property into the name of the buyer will be registered only once: the property is registrable in the Deeds Office when the township register is opened and all the necessary certificates confirming that the conditions of establishment have been complied with, have been issued by the

18 MSM/TA Page 18 relevant local authority and the Mpumalanga Provincial Government and all required essential services have been installed; the developer has confirmed in writing to the conveyancers that the buyer has paid any interest due in terms of this clause; and the Homeowners' Association has confirmed in writing to the conveyancers that all levies in respect of the property have been paid in full (applicable only on resale). 23. ESTATE AGENT AND ESTATE AGENT'S COMMISSION 23.1 The purchaser warrants that he was introduced to the property by of ("the estate agent"). The purchaser accordingly indemnifies the seller against any claims for commission by any other estate agent The seller shall be liable for the estate agent's commission in the sum of R plus VAT or % of the purchase price plus VAT. Such commission shall be payable on the transfer date. 24. BREACH 24.1 If either party fails to carry out any of its obligations under this agreement and remains in default for a period of 10 days after receiving written notice, then the aggrieved party will be entitled to enforce this agreement or to declare it cancelled, and in either event, to claim such damages as have been suffered If the aggrieved party is the seller / developer, the seller / developer will be entitled, upon cancellation, to recover possession of the property and to re-sell it either by public auction or private sale at the expense of the buyer. Any amounts paid by the buyer to the seller / developer or its agent in respect of the sale must be retained by the conveyancers pending an assessment of the amount of damages, following which a set-off shall apply.

19 MSM/TA Page Upon re-sale, any loss suffered by the seller / developer will constitute damages payable by the buyer and any surplus arising from the re-sale shall be forfeited to the seller / developer. 25. NOTICES 25.1 The addresses given by the parties on the front page of this agreement will always be the addresses chosen by the parties where summonses, legal documents and notices can be served on the parties Notices will be deemed to have been received If delivered by hand, on the date of delivery; If sent by pre-paid registered post, on the 4 th business day following the date of posting; and If sent by telefax or , 48 hours after transmission. 26. SEVERABILITY 26.1 If this agreement is subject to the Consumer Protection Act and if any provision in this agreement is found to contravene that Act, then the provision must be severed from this agreement and must be treated as if it were not part of this agreement. 27. WAIVER 27.1 No indulgences granted by a party shall constitute a waiver of any of that party's rights under this agreement. 28. TRUSTS, COMPANIES AND CLOSE CORPORATIONS 28.1 If the person signing this agreement is doing so in his or her capacity as trustee for a company or close corporation to be formed, then that person personally agrees to ensure that

20 MSM/TA Page the company or close corporation is formed within 30 days of the signature of this agreement by that person; and the company or close corporation ratifies this agreement within 14 days of incorporation If the person signing this agreement fails to comply with his or her obligations, then the property shall be transferred into the name of that person, who will have all the rights and obligations of the buyer under this agreement. I understand and accept that, if I sign this agreement for a company or close corporation which is still to be formed, then I will be personally liable if I fail to ensure that the company or close corporation is formed and ratifies this agreement. Initial below: 29. SURETY 29.1 If The buyer is a trust, company or close corporation; or The person signing this agreement is doing so in the capacity of a trustee for a company or close corporation to be formed and the entity is subsequently formed and ratifies this agreement, then the person signing this agreement agrees to be personally bound as surety and co-principal debtor with the buyer for all the buyer's obligations under the agreement. I understand and accept that, if I sign this agreement on behalf of a company or close corporation (regardless of whether or not it has already been formed) then I am personally liable as surety and co-principal debtor if the company or close corporation does not comply with its obligations in terms of this agreement. Initial below:

21 MSM/TA Page WHOLE CONTRACT 30.1 This Contract together with the Annexures hereto, constitute the entire Contract between the seller / developer and the buyer and no variation or addition shall be of any force or effect unless reduced to writing and signed by both the seller / developer and buyer No party shall be bound by any representation, express or implied terms or warranty (whether contained in any sales brochure, advertisement or other written document) not referred to herein or reduced to writing and signed by the parties. 31. INDEMNITY 31.1 The seller / developer does not warrant any information given in respect of the property, save for the information in respect of the property specifically warranted in this agreement. The seller / developer shall not be liable for any claim whatsoever that may arise one to any inaccuracies or information given to the buyer, his Agent or Nominee in respect of the property and the buyer indemnifies the seller / developer and its agent and holds them harmless against and in respect of injury, loss or damage however caused as a result of such inaccuracies or information. 32. SPECIAL TITLE DEED CONDITIONS 32.1 The seller / developer hereby discloses the following onerous conditions of title in favour of the seller / developer, namely: In the event of the transferee not completing building a dwelling house on the property within a period of 2 years from the date of registration of transfer of the property into the name of the said transferee, then the transferee shall be entitled to apply to the transferor for an extension of one year upon the payment to the transferor of an amount equal to 5% of the purchase price of the property. The said 5% shall be retained by the transferor as damages for the transferee not having completed the construction of the dwelling house within the agreed period.

22 MSM/TA Page In the event of the transferee not completing the building within 6 years of the date of transfer of the property into the name of the transferee, then the transferor shall be entitled to purchase the property from the transferee, or owner at the purchase price set out in this agreement less the sum of 10% In the event of the transferor not electing to purchase the property then the property shall be sold by public auction by an auctioneer nominated by the transferor. Upon the sale of the property by public auction the purchase price shall be utilised to defray all expenses relating to the sale of the property, which expenses shall include the advertising of the property, the auctioneer's commission and a 5% handling fee which shall be charged by the transferor. The balance of the purchase price shall be paid to the transferee after defraying of the said expenses. Signed by the buyer at on As witness: Full Signature of the buyer who binds him or herself personally in regard to the obligations set out in clauses 28 and 29 Signed by the seller / developer at...on As witness: Full Signature of the seller / developer duly authorised Signed by the Homeowners Association at...on 20.. for: The Homeowners Association duly authorised

23 MSM/TA Page 23 DOCUMENTS DISCLOSED TO THE BUYER The buyer confirms having been given access to the following documents: Document Initial here Estate plan showing the Welgekozen Country Estate and the location and extent of the property Site diagram showing servitudes Schedule of conditions: conditions of title, conditions imposed by the developer and conditions imposed by the Municipality The constitution of the Homeowners' Association The House Rules issued by the Management Committee of the Homeowners' Association (to date) Application for Membership Investment Form CONVEYANCER'S INFORMATION

24 MSM/TA Page 24 Full names of seller / developer: Identity/Registration No.: Marital status: Unmarried Married If married: Married IN community of property Married OUT of community of property Married ito the laws of a foreign country If "foreign" marriage: Place where married Country Date of marriage Spouse's full names: Spouse's ID No.: Full names of buyer: Identity/Registration No.: Marital status: Unmarried Married If married: Married IN community of property Married OUT of community of property Married ito the laws of a foreign country If "foreign" marriage: Place where married Country Date of marriage Spouse's full names: Spouse's ID No.:

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DUNKIRK ESTATE RESALE OF PROPERTIES AT DUNKIRK ESTATE (COMPLETED DWELLING) AGREEMENT OF SALE. I, the undersigned,... duly authorised by:...

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