Common use of Securities Law Information and Deemed Acceptance of Units Clause in Contracts

Securities Law Information and Deemed Acceptance of Units. Neither the Units nor the underlying Shares shall be publicly offered or listed on any stock exchange in South Africa. The offer is intended to be private pursuant to Section 96(1)(g)(ii) of the Companies Act, 71 of 2008 (the “Companies Act”) and is not subject to the supervision of any South African governmental authority. Pursuant to Section 96(1)(g)(ii) of the Companies Act, the Units offer must be finalized within six (6) months following the date the offer is communicated to the Employee. If the Employee does not want to accept the Units, the Employee is required to decline the Units no later than the six (6) months following the date the offer is communicated to the Employee. If the Employee does not reject the Units within six (6) months following the date the offer is communicated to the Employee, the Employee will be deemed to accept the Units.

Securities Law Information and Deemed Acceptance of Units. Neither the Units nor the underlying Shares shall be publicly offered or listed on any stock exchange in South Africa. The offer is intended to be private pursuant to Section 96(1)(g)(ii) of the Companies Act, 71 of 2008 (the “Companies Act”) and is not subject to the supervision of any South African governmental authority. Pursuant to Section 96(1)(g)(ii) of the Companies Act, the Units offer must be finalized within six (6) months following the date the offer is communicated to the Employee. If the Employee does not want to accept the Units, the Employee is required to decline the Units no later than the six (6) months following the date the offer is communicated to the Employeeyou. If the Employee does not reject the Units within six (6) months following the date the offer is communicated to the Employee, the Employee will be deemed to accept the Units.