Common use of TYPE OF FIRM Clause in Contracts

TYPE OF FIRM. 1. Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. (See Definitions section on next page) Type of Firm Business Status (* see note) Sole trader Close Corporation Company (Proprietary) Limited Partnership Company Limited NGO/ Professional membership/clubs State-owned Enterprise/ Governmental Joint venture (# see note) Other (Specify) # Joint ventures: Both partners to complete the Tender declaration affidavit. * Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. Investors = Business Ventures whose owners have invested money purely for the purpose of return on their investment, but who do not get involved in day to day operations. The company, which is a legal entity in its own right, is managed by its own management team who do not necessarily have to own any shares, in which case the investor owns the company 100% e.g. a medical doctor who funded a parcels courier company. One could also get combinations of the above: e.g. the investor (medical doctor) or a Pension- or Provident fund holds 60% shares and the Management Team (operator) of the Courier Company holds the other 40% - The business status would then be Investor 60% / Operator 40%.

TYPE OF FIRM. 1. Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. (See Definitions section on next page) Type of Firm Business Status (* see note) Sole trader Close Corporation Company (Proprietary) Limited Partnership Company Limited NGO/ Professional membership/clubs State-owned Enterprise/ Governmental Joint venture (# see note) Other (Specify) # Joint ventures: Both partners to complete the Tender declaration affidavit. * Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. Investors = Business Ventures whose owners have invested money purely for the purpose of return on their investment, but who do not get involved in day to day operations. The company, company which is a legal entity in its own right, right is managed by its own management team who do not necessarily have to own any shares, in which case the investor owns the company 100% e.g. a medical doctor who funded a parcels courier company. One could also get combinations of the above: e.g. the investor (medical doctor) or a Pension- or Provident fund holds 60% shares and the Management Team (operator) of the Courier Company holds the other 40% - The business status would then be Investor 60% / Operator 40%.

TYPE OF FIRM. 1. Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. (See Definitions section on next page) Type of Firm Business Status (* see note) Sole trader Close Corporation Company (Proprietary) Limited Partnership Company Limited NGO/ Professional membership/clubs State-owned Enterprise/ Governmental Joint venture (# see note) Other (Specify) # Joint ventures: Both partners to complete the Tender declaration affidavit. * Business status: Transnet distinguishes between Investors, Operators, Agents and Community ventures. Investors = Business Ventures whose owners have invested money purely for the purpose of return on their investment, but who do not get involved in day to day operations. The company, company which is a legal entity in its own right, right is managed by its own management team who do not necessarily have to own any shares, in which case the investor owns the company 100% e.g. a medical doctor who funded a parcels courier company. One could also get combinations of the above: e.g. the investor (medical doctor) or a Pension- or Provident fund holds 60% shares and the Management Team (operator) of the Courier Company holds the other 40% - The business status would then be Investor 60% / Operator 40%. Operators = The owners own the Company and are responsible for the day-to-day running of the business.