Common use of TRUSTEE FOR A COMPANY TO BE FORMED Clause in Contracts

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 will be formed; 26.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory. 26.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 If the terms and conditions of Clause 26.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 22.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 22 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 22.1.1 will be formed; 26.1.2 22.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 22.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date date of Signature signature of the Contract by the Signatory. 26.2 22.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 22.3 If the terms and conditions of Clause 26.1 22.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 24.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 19 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 24.1.1 will be formed; 26.1.2 24.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 24.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory. 26.2 24.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 24.3 If the terms and conditions of Clause 26.1 25.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 will be formed; 26.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory.. READ ONLY 26.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 If the terms and conditions of Clause 26.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 25.1 In the event of the signatory to this Agreement, on behalf of the Contract Purchaser, having concluded the Contract this Agreement in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 25.1.1 will be formed; 26.1.2 25.1.2 will ratify and adopt the terms and conditions of the Contractthis Agreement; and 26.1.3 25.1.3 will provide the Seller with written proof thereof; all within a period of 30 60 (SIXTY) days from the Date date of Signature signature of the Contract this Agreement by the Signatory.; 26.2 25.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract.this Agreement; 26.3 25.3 If the terms and conditions of Clause 26.1 above this clause 25 are not fulfilled, fulfilled then the Signatory will shall by his signature to the Contract this Agreement be deemed ipso facto to have concluded the Contract this Agreement in his personal capacity as PurchaserPurchaser and shall take transfer of the Unit and take over the purchase of the Unit and pay the purchase price as if this Agreement was made in his personal capacity.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 24.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 19 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 24.1.1 will be formed; 26.1.2 24.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 24.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory. 26.2 24.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-co- principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 24.3 If the terms and conditions of Clause 26.1 25.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 26.1. In the event of the signatory to the Contract of Sale on behalf of the Purchaser having concluded the this Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 Clauses 26.1, 26.2 and 26.3 referred to as the “Signatory”), then then: (a) the Signatory by his signature hereto warrants that the said company: 26.1.1 (b) will be formed; 26.1.2 (c) will ratify and adopt the terms and conditions of the ContractContract of Sale and its attached Annexure “A”; and 26.1.3 (d) will provide the Seller with written proof thereof; all within a period of 30 days from the Date date of Signature signature of the Contract of Sale by the Signatory.; 26.2 26.2. The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's ’s obligations to the Seller in terms of the Contract.Contract of Sale; 26.3 26.3. If the terms and conditions of Clause 26.1 above are not fulfilled, fulfilled then the Signatory will by his signature to the Contract of Sale be deemed ipso facto to have concluded the Contract of Sale in his personal capacity as Purchaser.;

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 24.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 19 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 24.1.1 will be formed; 26.1.2 24.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 24.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory. 26.2 24.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 24.3 If the terms and conditions of Clause 26.1 24.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 25.1 In the event of the signatory to the Contract having concluded the Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 19 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 25.1.1 will be formed; 26.1.2 25.1.2 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 25.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date of Signature of the Contract by the Signatory. 26.2 25.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contract. 26.3 25.3 If the terms and conditions of Clause 26.1 25.1 above are not fulfilled, then the Signatory will by his signature to the Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 19.1 In the event of the signatory to the this Contract having concluded the this Contract in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 paragraph 19 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 19.2 will be formed; 26.1.2 19.2.1 will ratify and adopt the terms and conditions of the Contract; and 26.1.3 19.2.2 will provide the Seller with written proof thereof; all within a period of 30 days from the Date date of Signature signature of the this Contract by the Signatory. 26.2 19.3 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the this Contract. 26.3 19.4 If the terms and conditions of Clause 26.1 19.1 above are not fulfilled, fulfilled then the Signatory will by his signature to the this Contract be deemed ipso facto to have concluded the Contract in his personal capacity as Purchaser.

TRUSTEE FOR A COMPANY TO BE FORMED. 26.1 22.1 In the event of the signatory to the Contract this Agreement having concluded the Contract this Agreement in his capacity as a Trustee for a company to be formed (which signatory is hereinafter in this clause 26 paragraph 22 referred to as the “Signatory”), then the Signatory by his signature hereto warrants that the said company: 26.1.1 22.1.1 will be formed; 26.1.2 22.1.2 will ratify and adopt the terms and conditions of the ContractAgreement; and 26.1.3 22.1.3 will provide the Seller with written proof thereof; all within a period of 30 days from the Date date of Signature signature of the Contract this Agreement by the Signatory. 26.2 22.2 The Signatory, in his personal capacity hereby under renunciation of the benefits of excussion and division with the full meaning and effect of which he declares himself to be fully acquainted, binds himself and agrees to bind himself as surety and co-principal debtor in solidum with the company to be formed by him in favour of the Seller for the due and punctual performance of such company's obligations to the Seller in terms of the Contractthis Agreement. 26.3 22.3 If the terms and conditions of Clause 26.1 22.1 above are not fulfilled, fulfilled then the Signatory will by his signature to the Contract this Agreement be deemed ipso facto to have concluded the Contract Agreement in his personal capacity as Purchaser.