DEED OF SALE - The Brink

1 deed OF SALE. THE Brink . Page 2. CONTENTS. SCHEDULE. 1. DEFINITIONS 3. 2. SALE 4. LIST OF ANNEXURES 4. TERMS AND CONDITIONS. 3. PRE-AMBLE 6. 4. DEFINITIONS 6. 5. PURCHASE AND SALE 7. 6. PURCHASE PRICE AND PAYMENT 7. 7. INTEREST LATE PAYMENT OR DELAY IN TRANSFER 8. 8. OCCUPATION & POSSESSION 9. 9. LEVIES PAYABLE DIRECT TO LOCAL AUTHORITY 9. 10. SERVICE CONNECTION FEES 9. 11. RISK 9. 12 VOETSTOOTS 9. 13. POSITION AND EXTENT OF PROPERTY 10. 14. CONDITION OF PROPERTY 10. 15. SURVEYOR'S PEGS 10. 16. NO IMPROVEMENTS PRIOR TO TRANSFER 11. 17. TRANSFER 11. 18. BROKERAGE 11. 19. BREACH BY PURCHASER 11. 20. DOMICILIA AND NOTICES 12. 21. TRANSFER COST 12. 22. GENERAL 12. 23. SELLER'S RIGHT OF ACCESS 13. 24. SEVERABILITY 13. 25.

2 NATURE OF TOWNSHIP 13. 26. BOREHOLES 16. 27. JOINT PURCHASERS 16. 28. CO-OPERATION 16. 29. JURISDICTION 16. 30. OFFER 16. 31. COMPANY, CLOSE CORPORATION TO BE FORMED 17. 32. COMPANY, CLOSE CORPORATION, TRUST FORMED 17. 33. NOMINATION 17. 34. CANCELLATION OF EXISTING SERVITUDE 18. TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 3. SCHEDULE. 1. DEFINITIONS. Unless inconsistent with the context, words and phrases shall have the meanings set out as follows:- Seller: THE Brink DEVELOPMENT (PTY) LTD t/a The Brink Registration Number: 1996/001863/07. Herein represented by MARGARET ANNE SHANKLAND in her capacity as chief executive officer Address: c/o Millers Inc, Beacon House, 123 Meade St, George Telephone: (044) 874-1140.

3 Telefax: (044) 873-4848. E-mail: Ref: T. Snyman Purchaser(s). Name: (If Entity: Herein Represented by:) (Duly Authorised). ID / Reg. No.: Marital Status ANC C of P. Address Telephone (w) (h). Cell No. Fax Email TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 4. Property: Stand No being Erf _____, situate on ERF 1550, HEROLDS BAY. Measuring:_____ square meters Purchase Price: Deposit (10%) R. (Payable within 7 days of signature). Balance R. (Payable on Transfer). Total R. (Inc. of VAT) ======================. Loan Amount: R. Name of Lending Institution: _____. Date of approval of loan: Within 14 (Fourteen) business days of signature hereof;. Occupation Date: Date of registration of transfer into name of Purchaser.

4 Selling Agent: _____. Seller's Attorneys: Millers Inc., Beacon House, 123 Meade Street, GEORGE. Ref: Trevor Snyman Tel: (044) 874 1140. (Note that the Attorneys are on the panels of ABSA, FNB, Nedbank, Standard Bank, Investeq). Seller's Architects: Africa Consulting Architects, 167 Bree St, CAPE TOWN. Ref: Jannie Laubser Tel: (021) 426 2688. 2. SALE. The Seller hereby sells and the Purchaser hereby purchases the Property subject to the Terms and Conditions of Sale hereunder (pages 6 to18) together with the Annexures A. through D: Annexure A Layout Plan of The Brink Erf 1550 Herold's Bay Annexure B The Brink Home Owners Constitution TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 5. Annexure C The Brink Estate Rules Annexure D Architectural Guideline The parties record that Annexures B to D' have been presented to the Purchaser in Compact Disc (CD) format, and have been accepted by the Purchaser.

5 The parties further agree that the said Annexures in CD format shall form an integral part of this Agrement, and shall at all times be regarded as a material part hereof. The parties further record that all of the Annexures are available on the website of the development, being SIGNED at on the _____ day of 2007. AS WITNESSES : 1. PURCHASER. 2. SPOUSE. SIGNED at on the _____ day of 2007. AS WITNESSES : 1. 2. FOR: SELLER. TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 6. TERMS and CONDITIONS. 3. PRE-AMBLE. It is recorded that The Brink Development (Proprietary) Limited is the registered owner of Erf 1550, Herolds Bay. The Brink Development (Proprietary) Limited has received approval to rezone Erf 1550, Herolds Bay and to establish a township on the land to be known as The Brink , or such other name as may be determined.

6 4. DEFINITIONS. Unless the context clearly indicates otherwise, the following words, names or expressions shall have the following meanings in this document: Business day is any day other than a Saturday, Sunday or Public Holiday;. Conditions of Establishment" are the conditions relating to the establishment of the township, to be developed on Farm 358, George, which are to be issued by the local authority;. "Director" is the term used as a convenient reference to the Chief Executive Officer, Department of Development Planning and Local Government, Western Cape Province;. Homeowners Association means The Brink Homeowners Association;. "Local authority" is the George Municipality;. "Occupation date" is the date upon which the property is registered in the name of the purchaser, from which date the right to occupy and possess the property, as contemplated in clause 7.

7 Hereof, will vest in the purchaser. Every reference in this agreement to the "occupation date" will be a reference to the said date whether or not the purchaser actually takes occupation of the property on that date;. "Ordinance" is the Land Use Planning Ordinance (Cape Province). of 1985 (as amended from time to time);. Property is the Property being sold in terms of this Agreement and as set out in clause of the Schedule;. TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 7. "Purchaser" is the party indicated as such in clause of the Schedule;. "Registrar of Deeds" is the Registrar of Deeds, Cape Town and the "Deeds Office" is the Deeds Office in respect of which the said Registrar of Deeds has jurisdiction.

8 "Seller" is the party indicated as such in clause of the Schedule;. "Town" or "Township" is the township developed on Erf 1550, Herolds Bay as will more fully appear from the attached Layout Plan marked Annexure A to this Agreement;. "Transfer" means registration of transfer of the property in the purchaser's name. In this Agreement, words importing the singular shall include the plural and vice versa, words importing the masculine gender shall include females and words importing persons shall include partnerships and bodies corporate and vice versa. The head notes to the paragraphs to this Agreement are inserted for reference purposes only and shall not affect the interpretation of any of the provisions to which they relate.

9 This Agreement shall be binding on the estates, heirs, executors, administrators, liquidators, trustees or assigns of the parties as fully and effectually as if they had signed this Agreement in the first instance and reference to any party shall be deemed to include such party's estate, heirs, executors, administrators, trustees, assigns or liquidators, as the case may be. If any provision in a definition in this Agreement is a substantive provision conferring rights or imposing obligations on any parties, notwithstanding that it is only in the definition (interpretation). clause of this Agreement, effect shall be given to it as if it were a substantive provision in the body of the Agreement. The Schedule and the annexures hereto are deemed to be incorporated in and form part of this Agreement.

10 Words or expressions defined in the Act shall have the meanings therein defined. 5. PURCHASE AND SALE. The Seller hereby sells the Property to the Purchaser, who purchases it, subject to: the provisions contained or referred to in this document;. the conditions of title contained in the title deed /s of the township land referred to in clause , duly amended in terms of any relevant provision of the conditions of establishment; and the provisions of the existing town planning scheme. 6. PURCHASE PRICE & PAYMENT. The purchase price of the property is the amount stipulated in clause of the Schedule. TS / cs / Ontwikkelings / The Brink - deed of Sale / Amended Final Draft / Page 8. The deposit is payable in cash on or before the date entered in clause to the Seller's attorneys and will be invested in an interest bearing Client Trust account, which interest will accrue to the Purchaser.