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1 AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE AGREEMENT OF LEASE Entered into by and between: [LESSOR COMPANY DETIALS] [Registration Number] [Vat Registration No] a Company duly registered and incorporated in accordance with the Company Laws of the Republic of South Africa trading as [CENTRE TRADING NAME] (hereinafter referred to as the Lessor ) -and- [TENANT COMPANY DETAILS] [Registration Number] [Vat Registration No] a Company duly registered and incorporated in accordance with the Company Laws of the Republic of South Africa trading as [TENANT TRADING NAME] (hereinafter referred to as the Lessee ) The Lessor hereby lets to the Lessee who hereby hires the premises described herein on the terms and conditions as set out in the Schedule, General Conditions of Lease and Annexures thereto AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE IMPORTANT NOTE: Please read and consider this agreement and its annexures carefully as it shall constitute a binding agreement.

2 You will be requested to declare that you understood the content of this entire agreement and its annexures and more specifically the fact, nature and effect of clauses (terms) next to which you were requested to specifically initial. Please note that initialling next to any clause (term) would not derogate the enforceability of any of the other terms of this agreement. Please do not disregard any terms not so emphasised as such terms will be binding and enforceable. SCHEDULE TO GENERAL CONDITIONS OF LEASE 1. THE LESSOR : [LESSOR COMPANY DETAILS Trading As [CENTRE TRADING NAME] [Registration No] [Vat. Reg. No] With chosen domicilium citandi et executandi ( address for service of documents and notices) at [LESSOR DOMICILIUM 1] [LESSOR DOMICILIUM 2] [LESSOR DOMICILIUM 3] 2. THE LESSEE : [TENANT COMPANY DETAILS] Trading As [TENANT TRADING NAME] [Registration No] [Vat. Reg. No] With chosen domicilium citandi et executandi (address for service of documents and notices) at the leased premises BASIC MONTHLY RENTAL (EXCLUDING VAT) per month from [COMMENCEMENT DATE] per month from [YEAR 2] per month from [YEAR 3] per month from [YEAR 4] per month from [YEAR 5] The annual compounded escalation rate inherent in the basic rental amount reflected above is [ESC]%.]

3 Notwithstanding the fact that the agreement of lease commences on the [COMMENCMENT DATE] as per Item 15 hereof the lessee shall be liable for its pro-rata share (proportionate) of rental calculated from the opening date [OPENING DATE OF CENTRE]. AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE MONTHLY PARKING RENTAL (EXCLUDING VAT) per month from [COMMENCEMENT DATE] per month from [YEAR 2] per month from [YEAR 3] per month from [YEAR 4] per month from [YEAR 5] The annual compounded escalation rate inherent in the basic parking amount reflected above is [ESC]%. Notwithstanding the fact that the agreement of lease commences on the [COMMENCMENT DATE] as per Item 15 hereof the lessee shall be liable for its pro-rata share (proportionate) of parking calculated from the opening date [OPENING DATE OF CENTRE]. FIXED MONTH CHARGE (EXCLUDING VAT) FOR EMERGENCY ELECTRICITY SYSTEM : per month from [COMMENCEMENT DATE] per month from [YEAR 2] per month from [YEAR 3] per month from [YEAR 4] per month from [YEAR 5] The annual compounded escalation rate inherent in the basic emergency electricity system amount reflected above is [ESC]%.

4 Notwithstanding the fact that the agreement of lease commences on the [COMMENCMENT DATE] as per Item 15 hereof the lessee shall be liable for its pro-rata share (proportionate) of emergency electricity system calculated from the opening date [OPENING DATE OF CENTRE]. VARIABLE COSTS (EXCLUDING VAT) FOR EMERGENCY ELECTRICITY SYSTEM: Lessee s electricity proportionate share for Emergency Electricity System [PRO RATA %] (Note: This percentage may change from time to time as notified by the Lessor in writing) AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE 4. OPERATING COSTS (EXCLUDING VAT) per month from [COMMENCEMENT DATE] per month from [YEAR 2] per month from [YEAR 3] per month from [YEAR 4] per month from [YEAR 5] The annual compounded escalation rate inherent in the basic operating costs amount reflected above is [ESC]%. Notwithstanding the fact that the agreement of lease commences on the [COMMENCMENT DATE] as per Item 15 hereof the lessee shall be liable for its pro-rata share (proportionate) of operating costs calculated from the opening date [OPENING DATE OF CENTRE].

5 5. MARKETING CONTRIBUTION (EXCLUDING VAT) per month from [COMMENCEMENT DATE] per month from [YEAR 2] per month from [YEAR 3] per month from [YEAR 4] per month from [YEAR 5] The annual compounded escalation rate inherent in the basic marketing amount reflected above is [ESC]%. Notwithstanding the fact that the agreement of lease commences on the [COMMENCMENT DATE] as per Item 15 hereof the lessee shall be liable for its pro-rata share (proportionate) of marketing calculated from the opening date [OPENING DATE OF CENTRE]. 6. DEPOSIT : RENTAL DEPOSIT [AMOUNT] ELECTRICITY DEPOSIT [AMOUNT] 7. DEED OF SURETYSHIP(S) Name : [FULL NAMES AND SURNAME] Identity Number : [IDENTITY NUMBER] Domicilium (address for service of documents and notices) : [RESIDENTIAL ADDRESS 1] [RESIDENTIAL ADDRESS 2] [RESIDENTIAL ADDRESS 3] AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE 8.

6 MINIMUM BUSINESS HOURS : Monday to Friday [AS AGREED] Saturdays [AS AGREED] Sundays & Public Holidays [AS AGREED] The Lessor reserves the right to amend trading hours from time to time with due notice to the Lessee. 9. PERMITTED USE OF THE PREMISES AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE The premises shall be used solely for the purpose of a [USAGE CLAUSE AS APPROVED] and for no other purpose whatsoever. 10. PREMISES : Shop No. [SHOP NO] Edendale Mall Cnr Edendale Main Road and Mount Partridge Road Edendale Pietermaritzburg : Parking Bay No. : [PARKING NO] 11. PROPERTY : Portion 3 of Erf 441, Plessis-Laer as extended or reduced or altered from time to time. 12. RENTABLE AREA OF THE PREMISES : Approximately [AREA]m [AREA IN WORDS] square metres) as per Annexure C & C1 13. OPTION TO RENEW : A period of [PERIOD OF LEASE] years from the Expiry Date as per Item 16 hereof. 14. BENEFICIAL OCCUPATION PERIOD : [BENEFICIAL OCCUPATION PERIOD] Days 15.

7 COMMENCEMENT DATE : [COMMENCEMENT DATE] 16. EXPIRY DATE : [EXPIRY DATE] 17. ANNUAL TURNOVER PERCENTAGE : [TURNOVER %] 18. LESSEE S FINANCIAL YEAR END : [FINANCIAL YEAR END] 19. LESSEE S PRO RATA SHARE : [PRO RATA %] (Note: This percentage may change from time to time as notified by the Lessor in writing) AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE 20. ASSESSMENT RATES AND OTHER TAXES (EXCLUDING VAT) : [RATES AND TAXES AMOUNT PER M2] per month (Note: This amount is an estimate and may change from time to time as notified by the Lessor in writing) 21. SPECIAL TERMS AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE Should the Lessee fail to open timeously, a penalty of R5, (Five Thousand Rand) (Excl. Vat) shall be imposed for each day that the Lessee fails to open and trade, in a manner of good faith. 22. ADMINISTRATION CHARGES Administration Charges R - VAT at 14% R - TOTAL DUE R - 23. ANNEXURES ANNEXURE A LESSEE S AUTHORISING RESOLUTION ANNEXURE A1 LESSOR S AUTHORISING RESOLUTION ANNEXURE B DEED OF SURETYSHIP ANNEXURE C PLANS OF SHOPPING CENTRE ANNEXURE C1 PLAN OF PREMISES ANNEXURE D LESSEE CRITERIA DOCUMENT ANNEXURE E CERTIFICATE BY CONSUMER ANNEXURE F BANK GUARANTEE DRAFT AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE The terms of this Agreement shall be binding on the parties hereto, their heirs, executors, administrator s, successors in title or assigns.

8 SIGNED by the LESSOR acting through its duly authorised officer at _____ on this _____ day of _____ 20___. AS WITNESSES: For and on behalf of: 1. _____ _____ [LESOR COMPANY DETAILS], DULY AUTHORISED 2. _____ SIGNED by the LESSEE acting through its duly authorised officer at _____ on this _____ day of _____ 20___. AS WITNESSES: For and on behalf of: [TENANT COMPANY DETAILS] TRADING AS [TENANT TRADING NAME] 1. _____ Name : PLEASE COMPLETE ID. No. : PLEASE COMPLETE Capacity : PLEASE COMPLETE Signatory: PLEASE COMPLETE 2. _____ AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE INDEX TO GENERAL CONDITIONS OF LEASE AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE GENERAL CONDITIONS OF LEASE IMPORTANT NOTE: Please read and consider this agreement and its annexures carefully as it shall constitute a binding agreement. You will be requested to declare that you understood the content of this entire agreement and its annexures and more specifically the fact, nature and effect of clauses (terms) next to which you were requested to specifically initial.

9 Please note that initialling next to any clause (term) would not derogate the enforceability of any of the other terms of this agreement. Please do not disregard any terms not so emphasised as such terms will be binding and enforceable. 1. DEFINITIONS In this Agreement: the terms and conditions contained in the Agreement of Lease will take preference over any terms and conditions that is contained in Annexure s hereto, in the event of conflicting interpretation; words importing any one gender shall include the other, and words importing the singular shall include the plural and vice versa (the other way around); the headings of paragraphs are used for reference only and are in no way to be deemed to explain, modify, amplify or aid in the interpretation of the Agreement; reference to the Lessor shall at all times include reference to the Lessor s duly appointed and authorised agents from time to time; reference to persons shall include natural persons, juristic persons and trusts.

10 Beneficial occupation shall mean the granting of access to the premises for purposes of fit-out thereof in accordance with the Lessee Criteria Document attached hereto marked Annexure D ; common area shall mean those portions of the building not actually let and not intended to be let by the Lessor or its duly authorised representatives as well as the property on which the building is situated; insurance of the building shall mean the insurance policy or the contract documents relating to the insurance policy in terms of which the Lessor has insured the building; lease year shall mean a period of 12 (Twelve) calendar months, commencing on the commencement date as stipulated in Item 15 of the Schedule; rentable area of the premises shall mean the total extent of the premises as measured in accordance with the South African Property Owners Association (hereinafter referred to as SAPOA ) method for measuring floor areas and certified by a registered architect; C:\Users\Jackie\Desktop\WEBSITE\Lease Agreement\CONSUMER SPECIMEN AUTHORISED SIGNATORY & WITNESSES TO INITIAL HERE the basic monthly rent shall mean the basic monthly rent and monthly parking payable by the Lessee to the Lessor as set out in Item 3 of the Schedule; the building shall mean the building of which the premises form part as extended and altered from time to time, together with any parking area forming part thereof erected on the property; the commencement date shall mean the date as stipulated in Item 15 of the Schedule; the expiry date shall mean the date as stipulated in Item 16 of the Schedule.