Common use of Local Registration Clause in Contracts

Local Registration. Maximum 10 points i. Lesotho Registration: proportion of joint venture share assigned to Lesotho registered firms, as defined in Article 1 of the Phase II Agreement as a Lesotho National. a. ≥ 20% JV share by Lesotho national firms –5 points b. ≥ 15% and <20% JV share by Lesotho national firms –4 points c. ≥ 10% and <15% JV share by Lesotho national firms –3 points d. <10% JV share by Lesotho national firms – 0 points ii. South African Registration: for firms based in the Republic of South Africa, points under the ownership preference will be based on accreditation under Broad-Based Black Economic Empowerment Act (using the weighted average level of certification for the JV if multiple RSA-based firms, proportional to the JV contribution of each firm). Points to be awarded as follows:

Local Registration. Maximum 10 points i. Lesotho Registration: proportion of joint venture share assigned to Lesotho registered firms, as defined in Article 1 of the Phase II Agreement as a Lesotho National. a. ≥ 20% JV share by Lesotho national firms –5 points b. ≥ 15% and <20% JV share by Lesotho national firms –4 points c. ≥ 10% and <15% JV share by Lesotho national firms –3 points points d. <10% JV share by Lesotho national firms – 0 points ii. South African Registration: for firms based in the Republic of South Africa, points under the ownership preference will be based on accreditation under Broad-Based Black Economic Empowerment Act (using the weighted average level of certification for the JV if multiple RSA-RSA- based firms, proportional to the JV contribution of each firm). Points to be awarded as follows: