SABLE INVESTMENT

Extract from our Investors agreement, please contact us for more information

2. “CONSTITUTION OF AGREEMENT

2.1       The Parties agree with effect from the signing of this agreement, the effective date to carry on the business of breeding with rare game species namely SABLE ANTELOPE (HYPOTRAGUS NIGER) in Partnership under the name of MMAPULENG GAME BREEDERS.

2.3       Mmapuleng Game Breeders will be responsible for the day to day management of the business.

3. DURATION

3.1       The Agreement will commence on the Effective Date and shall continue for an initial

period of 5 (five) years subject to the right of the Investor to withdraw from this Agreement by giving not less than 6 (six) months written notice to Mmapuleng Game Breeders. As this project is based on a 5 (five) year plan, should the Investor decide to withdraw from this agreement before the 5 (Five) year period has lapsed the Investor will pay a 10% penalty fee, which fee is to be calculated on the value of the animals and/or money at date of notification of withdrawal or date of termination (6 months after notification of withdrawal) whichever is the highest value

4. CONTRIBUTIONS AND RESPONSIBILITIES

The contributions and responsibilities due by the Parties are as follows:

 4.2.1 Investor

4.2.1.1 to pay a capital contribution of R ________________________ (Words) excluding all or any bank charges to buy specific game, which contribution shall be made in cash by way of electronic transfer when the animals are to be purchased or a deposit is required by the seller of the said animals.

4.2.1.2 insurance of animals – Due to the value of the animals the Investor undertakes to take out comprehensive insurance in respect of all his animals, covering all relevant aspects on date of acquisition and to forward proof of such insurance to ‘MMAPULENG’. In the event of the investor failing to take out the aforesaid insurance, the Investor shall have no claim of whatsoever nature against ‘MMAPULENG’ for any losses suffered.

4.2.1.3 in case of Vis Major (Act of God – fire, drought et cetera) the parties will be equally responsible to purchase the necessary feeding to sustain the animals for the relevant period of time.

4.2.1.4 to pay for veterinary costs on production of an invoice from MMAPULENG GAME BREEDERS that may be incurred from time to time, either for the translocation of animals to another area on the same property, or for health and immunization purposes

4.2.2 MMAPULENG GAME BREEDERS will be responsible for:

4.2.2.1 providing of sufficient and quality breeding bull.

4.2.2.2 provide the infrastructure by way of a intensive breeding camps on the farm Geelhoutkloof 195KR in the Modimolle area, to breed with game and rare game species, in an enclosed area, which is electrified sufficiently, food, water, supervision and care.

4.2.2.3 providing natural high quality feed and all necessary supplements and take care of the day to day activities.

4.2.2.4 to arrange for veterinarian costs that may incurred from time to time, either for the translocation of animals to another area on the same property, or for health and immunisation purposes.

4.2.2.5 to purchase game on receipt of the written instruction received from the investor

4.2.2.6 to arrange and sell all offspring (if instructed to do so, or in terms of clause 5.2 hereof ) on public auction or otherwise as is in the best interest of the Investor, to deduct all commissions,( if applicable), payable to the auctioneers and to pay to the Investor the balance of the proceeds.”

5. OWNERSHIP OF ASSETS IN THIS AGREEMENT

5.1       The Investor only becomes and remains the legal owner of the initial purchased animals as specified in paragraph 4.2.1.1 above as well as 50% of all the offspring generated from the investor Purchased Animals. For this purpose the Investor will be allocated with a unique number for identification purpose and each animal, purchased with the Investors money will be marked with the unique number of the investor.

5.2       The Investor will notify MMAPULENG in writing of his decision to either sell or keep his part of the offspring every year. If the Investor fails to notify MMAPULENG in writing of his decision within 7 working days after being requested to do so by MMAPULENG then MMAPULENG has the authority to sell the offspring.

5.3       MMAPULENG GAME BREEDERS will remain the owner of the farm “Gedeelte 2 van gedeelte 2 Geelhoutkloof 195 KR”, the property Utilised for the purpose of the rare game breeding program and all improvements thereon, regardless of when such improvements were acquired. “