27 August 2014 PRIVATE AND CONFIDENTIAL Name xxxxxxxxxxxxx xxxxxxxx 74xxx41 Dear Name, LETTER OF APPOINTMENT It is with pleasure that we offer you employment with Estalea (Pty) Ltd (the "Company”). This offer of employment and any acceptance by you is subject to and conditional upon the receipt by the Company of satisfactory references from your current and previous employers. If this offer is accepted by you, your employment with the Company will be subject to the terms and conditions of employment set out below. 1. EMPLOYMENT 1.1 You shall be employed by the Company as a Senior Java Developer or in such other capacity of a like status as the Company may require from time to time. 1.2 2. 2.1 You shall report to R****** K*******(CTO) or to any other person appointed to supervise you from time to time. DURATION You shall commence employment on 01 October 2014. 2.2 Your employment is subject to a probationary period of three (6) months during which the Company shall determine your suitability for continued employment. During the probationary period, the Company shall, where appropriate, give you whatever reasonable evaluation, instruction, training, guidance or counselling that you require to render a satisfactory service. 3. TERMINATION 3.1 Your employment shall automatically terminate at the end of the month in which you reach the Company’s normal retirement age. 3.2 It is specifically recorded that your employment with the Company may be terminated at any stage for misconduct, incapacity, poor work performance or the operational requirements of the Company or for any other reason justified in law. 3.3 Subject to the Company’s right to terminate your employment without notice in circumstances justifying a summary dismissal, your employment may be terminated either by you or by the Company by giving the following written notice: 3.3.1 1 week notice during your first month of employment; 3.3.2 2 weeks’ notice during the next 5 months of employment; Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 1 of 10 3.3.3 4. A month’s notice if you are in employment for 6 months or more. TOTAL COST TO COMPANY Your package will be based on a “total cost to company” basis (“TCC”). Your starting TCC shall be an amount of R660 000 (Six Hundred and Sixty Thousand Rand) per annum, representing the total cost to the Company of employing you and encompassing all employment costs, save as otherwise set out in this agreement and/or expressly agreed with you in writing from time to time. 4.1 The TCC package is personal and flexible and may be structured in a tax effective manner, provided that (a) the components of your TCC will be subject, where applicable, to the policies and procedures of the Company applicable from time to time, (b) the Company shall incur a total cost not exceeding the package set out above, and (c) you shall be liable for any and all income tax payments. The components included in the package include the following: 4.1.1 A basic salary per month (representing the cash component of your TCC), subject to deductions and any Company policies applicable from time to time, paid monthly in arrears on or before the last day of every calendar month by credit transfer into your designated bank account. You will receive a monthly payslip in respect of each such payment. 4.1.2 A contribution towards an individual retirement annuity and private medical aid scheme, which are to be arranged by you in your private capacity as the Company does not offer these benefits. Contributions form part of the TCC package referred to above. 4.1.3 The cost to the Company of providing all other benefits agreed on between the parties from time to time. 4.2 The proposed structure and breakdown of your salary is attached hereto as Annexure A. You acknowledge and accept that your basic monthly salary may fluctuate from month to month, depending on changes in benefit contributions, Company policies and the like. 4.3 The package referred to in clause [4.1] above may be reviewed from time to time with no obligation on the Company to increase it. Any adjustment to the TCC will be dependent on a range of factors, which will be determined in the Company’s sole and absolute discretion. Consequently, there should be no presumption or expectation of an increase. 5. DISCRETIONARY BONUS AND INCENTIVE 5.1 The Company may pay you a discretionary bonus from time to time in the sole and absolute discretion of the Company. The amount of such discretionary bonus, if any, shall be determined with reference to such factors as the Company may, in its sole and absolute discretion, determine from time to time. 5.2 In order to receive any bonus that may be paid from time to time, you must still be actively employed by the Company on the payment date and must not have, at the payment date, either given or received notice of termination of employment. If, at any time, before the payment date, your employment terminates for any reason whatsoever or you have given or received notice of termination, you shall not be entitled to any bonus or pro-rated bonus. 5.3 Nothing in this clause [5] shall guarantee payment of a discretionary bonus or give rise to a legitimate expectation on your part to any payment. Furthermore, in the event that the Company pays you a discretionary bonus in terms of this clause [5], you hereby acknowledge and agree that such bonus is of a voluntary, gratuitous and discretionary nature, and that there shall not arise, either out of a once-off or recurring payment of this nature, any obligation on the part of the Company to make any discretionary bonus payment, whether in respect of the past or in the future. Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 2 of 12 6. EXPENSES & DEDUCTIONS The Company shall reimburse you in respect of any disbursements made or expenses reasonably incurred by you on behalf of the Company in the course of your employment and the proper performance of your duties, which are authorised or ratified by the Company. All reimbursement claims must be submitted with supporting vouchers, receipts or other documentation. You will be held responsible for any personal and/or unauthorised expenditure. 6.1 By your signature to the employment contract, you authorise the Company, during and/or upon termination of your employment for any reason whatsoever, to deduct any amounts due by you to the Company or any amounts dispensed by the Company on your behalf from any amounts due to you by the Company (including, but not limited to, any monies in respect of salary, outstanding leave pay, notice pay, and the like). 7. DUTIES AND RESPONSIBILITIES 7.1 You shall be responsible for all duties associated with your employment. Although you have been employed in the position referred to above, you also may be required to perform other duties that may reasonably be expected or required of you from time to time, and you hereby agree to do so. 7.2 As an employee of the Company, you undertake to: 7.2.1 Devote all your time to the best advantage and interests of the Company during working hours and outside normal business hours as may reasonably be required depending on the needs of the Company; 7.2.2 7.2.3 Remain honest and faithful to the Company in the performance of your duties; Perform your duties in a timely, professional and responsible manner as the Company may direct from time to time; 7.2.4 Use your best endeavours to conduct, administer, improve, extend, develop and protect the business of the Company and to preserve its reputation and goodwill in carrying out your duties; 7.2.5 Comply with all lawful and reasonable instructions given to you by the Company; 7.2.6 Comply with any and all legislation in force from time to time and/or any and all rules or codes of conduct required by any authority or regulatory body in relation to the business of the Company or which the Company shall reasonably determine are necessary for the proper functioning of its business in South Africa; 7.2.7 Comply with all Company rules, regulations, policies, practices and procedures laid down from time to time for the economic, efficient and harmonious operation of the Company’s business. 7.3 While employed by the Company, you shall not be engaged or take part, directly or indirectly, whether as an employee or in any other capacity, in any other business without the Company’s prior written consent. 8. WORKING HOURS Ordinary work hours are Monday to Friday from 09h00 to 18h00 with a 1 (one) hour break for lunch. However, you understand that the Company and/or its clients’ requirements may change and you agree to be flexible in this regard. In particular, you may be required to work shifts overtime from time to time at the request of your manager, including evenings, weekends and public holidays, and you hereby agree to do so. This requirement shall not be unreasonably exercised by the Company. Payment, if any, for overtime worked by you shall be in accordance with the provisions of the Basic Conditions of Employment Act 75 of 1997. Further, you acknowledge that you are able to obtain transport between your place of residence and the workplace. Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 3 of 12 9. PLACE OF WORK, MOBILITY 9.1 Your place of work shall be at the Company’s premises in Cape Town or such other place/s as the Company may from time to time direct, including client premises. 9.2 You understand and accept that, during the period of your employment with the Company, you could be: 9.2.1 Seconded by the Company to render services to any company or undertaking within or associated with the Company, either locally or internationally; 9.2.2 Transferred to any division, department or section within the Company or to any company within or associated with the Company, either locally or internationally. 10. LEAVE 10.1 Annual leave 10.1.1 You are entitled (in addition to the normal South African public holidays) to 15 (fifteen) consecutive days’ leave (that is, fifteen working days) per annum, based on a leave year from 1 January to 31 December (“the leave year”) and you shall be paid your normal remuneration during such annual leave. After 12 months of continued employment, you will be entitled to 20 (twenty) working days' annual leave in each leave year. 10.1.2 You are required to take your annual leave during the leave year or within 6 months of the end of the leave year (that is, by the end of June). Annual leave may not be accumulated and any annual leave which is not taken within the above time periods shall be forfeited. When you take annual leave, the number of days so taken by you shall first reduce your entitlement to statutory annual leave (that is, 15 working days) and, only to the extent that you have no further statutory annual leave available in the given annual leave cycle, shall thereafter reduce your entitlement to any non-statutory annual leave (if applicable). 10.1.3 In the event that the Company requires it, you will be obliged to take annual leave. Annual leave must be taken at times convenient to the Company. You are required to submit your leave application at least 1 (one) month before you require taking leave and it is at the discretion of the Company to refuse or to grant annual leave at a particular time on account of the Company’s operational requirements. 10.1.4 On termination of employment, you will receive payment only in respect of annual leave, which has accrued in the then current leave year and which is untaken as at the termination date. You will not be paid in respect of annual leave from previous leave cycles. 10.1.5 Should your services be terminated part-way through the calendar year, you hereby agree that, in respect of leave taken in excess of your entitlement; deductions may be made from your final salary on termination of your employment. 10.2 Sick leave 10.2.1 During every period of 36 months’ continued employment with the Company, you will be entitled to 30 working days’ paid sick leave. However, during the first 6 months of employment, you will be entitled to one day’s paid sick leave for every 26 days worked. 10.2.2 If you are absent from work due to illness for a period of more than 2 consecutive days, or on more than two occasions during an 8 week period, or on a Monday or a Friday, or on the day preceding or following a public holiday, a medical certificate must be submitted to the Company on your return stating the nature and duration of the incapacity. If no medical certificate is submitted, you will not be paid for the period during which you were absent. 10.3 Family responsibility leave Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 4 of 12 10.3.1 Provided you have been in the employ of the Company for more than four (4) months and work at least four (4) days per week, you are entitled to three (3) days’ paid leave per annum in respect of the following: 10.3.1.1 the birth or illness of your child; 10.3.1.2 the death of your spouse/life partner, your parent, adoptive parent, grandparent, child, adopted child, grandchild or sibling. 11. COMPANY PROPERTY All catalogues, correspondence, letters, memoranda, note books, order books, customer lists, price lists, documents (whether retained in hard or soft copy), confidential information, papers, goods, samples, keys, access disks, cellular phones, equipment, and any other articles of any kind whatsoever, will belong to and remain the property of the Company, both during your employment and after termination of your employment with the Company, at which time you will deliver to the Company all such items in your possession with the assurance that no such articles remain in your possession. 12. CONFIDENTIALITY 12.1 You shall not, either during the continuance of your employment or thereafter, except in the proper course of your duties, divulge to any person or use to the detriment or prejudice of the Company any confidential information, which may have come to your knowledge during your employment or was acquired by you during the course of your employment with the Company. This obligation of confidentiality will continue to apply without limit of time after the termination of your employment, regardless of the reason for termination. 12.2 The terms of this agreement are strictly confidential and shall not be disclosed by you to any other person save for any person who is legally entitled to the information. 13. INTELLECTUAL PROPERTY 13.1 Any intellectual property rights of whatsoever nature arising out of the performance by you of your obligations in terms of your employment are, to the extent that they do not vest automatically in the Company, hereby irrevocably ceded and assigned in perpetuity to the Company, it being further recorded that the Company shall be entitled to cede and assign all such rights to any other person without limitation. 13.2 The Company and/or such other person, as the case may be, shall be entitled to dispose of any and all intellectual property rights in their sole discretion, anywhere in the world, without the payment of any additional consideration to you. 13.3 You undertake to sign all documents and to do all things necessary, at the cost of the Company, to obtain or to record such intellectual property rights at any intellectual property rights registry in the world. 13.4 It shall be part of your normal duties at all times to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company might be improved, and promptly to give to the responsible Company official full details of any invention or improvement which you may from time to time make or discover in the course of your duties, and to further the interests of the Company's undertaking with regard thereto. 13.5 Any such invention or improvement shall be the property of the Company and you shall take all steps as may be necessary and reasonably required by the Company, at the sole expense of the Company, to procure that the Company obtains complete and exclusive legal title to any such invention or improvement. 13.6 For a period of twelve months after termination of your employment, you will advise the Company in writing of all intellectual property rights authored and conceived either by yourself or jointly with others within thirty days of Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 5 of 12 creation. In addition, you will advise the Company in writing of any patent applications which you may have filed or may have had filed on your behalf, within thirty days of such application having been filed. 14. POLICIES AND PROCEDURES 14.1 Your employment shall be subject to, and you agree to comply with, any and all Company policies and procedures applicable from time to time. All such policies and procedures are non-contractual and may be reviewed, amended, substituted and/or withdrawn from time to time in the sole and absolute discretion of the Company. It will be your responsibility to familiarize yourself with and abide by any and all such policies and procedures as well as with any statutory rules, regulations and/or laws governing the Company. In the event of any contradiction between this agreement and any policies and procedures, the provisions of this agreement will take precedence. 14.2 Without derogating from the generality of the aforegoing, you acknowledge and accept that the Company’s resources, including but not limited to servers, applications, laptops, workstations, user accounts, hard drives, monitors, networking facilities, computers, printers, telefax machines, telephones, postal services, photocopiers, e-mail facilities and internet facilities (“the resources”), are for conducting the Company’s business. You shall have no expectation of privacy in relation to the use of the resources provided by the Company. You understand and accept that the Company may, at its discretion, monitor your use of the resources and intercept, acquire, read, view, inspect, record, store, transfer and/or review any and all communications created, stored, transmitted, spoken, sent, received or communicated by you on, over or in the resources or otherwise. You hereby agree to the Company doing so. 15. RIGHT TO SEARCH, TEST AND PROCESS PERSONAL INFORMATION 15.1 You shall not have in your possession, or take out from the Company’s or client’s premises, any goods or materials belonging to the Company or its client/s, unless authorised to do so by the Company or the client. 15.2 You agree that the Company (or any other person on its behalf) shall be entitled to search you, including but not limited to your bag(s), desk, car and clothing, on entering or leaving the Company’s or client’s premises or at any time whilst on the premises. You hereby agree to submit to any such searches. Your failure to submit to a search shall constitute a breach of your employment contract. 15.3 You agree that the Company (or any other person on its behalf) shall be entitled to collect and process personal information (including sensitive/special personal information) and/or consumer credit information about you, including but not limited to conducting criminal and/or civil record checks and/or other checks (such as reference checks, qualification checks, credit checks) from time to time, at its discretion. The existence of a criminal, civil or other record may, in the Company’s discretion, result in the termination of this agreement. 15.4 You agree that the Company shall be entitled to retain and use such personal information (including sensitive/special personal information) and/or consumer credit information about you as the Company may from time to time require for its legitimate business purposes. 15.5 You furthermore agree that the Company may transfer such personal information (including sensitive/special personal information) and/or consumer credit information about you to any company within the Estalea group of companies or to any other person acting on the Company’s behalf, whether in South Africa or not. 16. REPRESENTATIONS BY THE EMPLOYEE & DISCLOSURE OF CONFLICTS OF INTEREST 16.1 In appointing you, the Company has relied on your representations as to your qualifications, experience, ability to do the job and reasons for leaving your previous employer/s. By your signature to this agreement, you confirm that those representations are true and correct. 16.2 By your signature to this agreement, you also confirm that, as at the date of signature of this agreement, you have disclosed everything which, if disclosed, would or may have been material to the Company’s decision to employ you and/or would or may affect your suitability for employment and/or affect your ability to perform your job. Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 6 of 12 16.3 During your employment, you are furthermore required to disclose any information or facts that may affect your relationship with the Company and/or your ability or suitability to perform your job, or any interests which may possibly conflict with the interests of the Company. Failure to disclose any such information will constitute a breach of your employment contract. You agree to take any steps as the Company may require for eliminating or otherwise resolving any such conflicts. 16.4 You acknowledge that the Company may take disciplinary action against you, which may include dismissal, in the event of your non-disclosure or if any information provided by you is/was misleading or incorrect or untrue. 17. NON-COMPETE 17.1 During the course of your employment with the Company, you: 17.1.1 Will acquire knowledge of the trade secrets, registered and unregistered trademarks, registered and unregistered designs and patents, secret processes, confidential information, technical information and knowhow of the Company, which will be furnished to you to enable you to perform your functions to the best of your ability and for no other purpose; and/or 17.1.2 Will become acquainted and develop strong relationships with the suppliers, clients and principals of the Company and with prospective suppliers, clients and principals whose business the Company might be in the process of or seeking to obtain, and will gain knowledge of such clients’ requirements and influence over such clients and suppliers; and/or 17.1.3 Will derive considerable benefit from the training and/or experience which you will obtain from the Company. 17.2 Accordingly, you shall not whilst employed by the Company and for a period of 12 (twelve) months after leaving the employ of the Company for any reason whatsoever: 17.2.1 Directly or indirectly, in any capacity whatsoever, set up in business or form part of or be concerned, engaged, employed, interested in or otherwise provide expertise to any person, business, firm or undertaking, which carries on any business that is similar to or competes with the business of the Company, including without limitation the development and/or manufacture and/or production of technology platforms for online businesses. The area in which this restraint shall apply shall be each of the provinces of the Republic of South Africa and each other country anywhere in the world in which the company carries on business or has business dealings; 17.2.2 Directly or indirectly, and otherwise than during the normal course of your employment with the Company and for the exclusive benefit of the Company, be concerned, engaged, employed, interested in or otherwise provide expertise to any person, company, firm or business, which carries on or plans to carry on any business that is the same as or is similar to any new project on which you are working or involved at the termination date of your employment, or have worked on or been involved in during the 12 months immediately prior to the termination date of your employment; 17.2.3 Directly or indirectly, and otherwise than during the normal course of your employment with the Company and for the exclusive benefit of the Company, be concerned, engaged, employed, interested in or otherwise provide expertise to any client, or solicit, approach, interfere with or entice or attempt to entice away from the Company any client, or sell or supply or provide or attempt to sell or supply or provide any product or service, which is the same as or similar to or otherwise competes with any product or service developed, used, supplied, provided, marketed or sold by the Company from time to time, to any client; 17.2.4 Directly or indirectly, in any capacity whatsoever, solicit, interfere with or entice or attempt to entice away from the Company any supplier; 17.2.5 Directly or indirectly, employ or retain as an independent contractor, consultant or in any other capacity whatsoever any employee, consultant, director or officer of the Company or persuade, entice or solicit or Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 7 of 12 attempt to persuade, entice or solicit any such person to terminate his/her employment or association with the Company, unless such person has been separated from any relationship with the Company for a period of at least 6 (six) months. 17.3 You acknowledge that: 17.3.1 the restraints set out above are reasonable as to their subject matter, area and duration, to protect the Company’s proprietary interests; 17.3.2 each of the restraints set out in clause [17.2] are separate and independent restraints severable from any of the other restraints set out therein; 17.3.3 the provisions of clause [17.2] shall be construed initially in their widest possible cumulative sense provided, however, that if such construction is found for any reason by any Court to be unenforceable, the provisions of clause [17.2] shall be construed as imposing separate severable and independent restraints in respect of: 17.3.3.1 each of the provinces the area in which you are restrained from doing any of the things set out above; 17.3.3.2 each calendar month within the restraint period; 17.3.3.3 every capacity in which you are prohibited from acting; 17.3.3.4 each of the persons or entities in favour of which the undertaking is given; 17.3.3.5 each person contemplated by “client” or “supplier”, on the basis that notwithstanding a finding that the restraints in their widest sense referred to above are unenforceable, it is the intention of the parties that you shall be bound by such narrower construction as may be found to be enforceable; 17.3.4 the undertakings in this clause [17] are given to the Company on its own behalf and for the benefit of each person and company within the definition of “Company” (set out in [17.4] below) and also its/their successorsin-title and assigns. The signature by the Company of this agreement constitutes a separate acceptance on behalf of each of such persons for the time being of the benefits conferred in terms of this agreement, each of which shall be capable of accepting the rights conferred in terms of this agreement at any time by written notice to that effect to you; 17.3.5 if any one or more of the restraints set out in clause [17.2] above is invalid or unenforceable for any reason, the validity of any of the other restraints shall not be affected thereby. 17.4 For the purposes of this clause [17] 17.4.1 “client/s” shall include any person, firm, corporation and/or entity who, during or at the termination date of your employment (whichever is applicable), is an actual or potential customer of the Company or is accustomed to dealing with the Company, or any other person to whom products and/or services are sold or rendered by the Company at the termination date of your employment, or who was an actual or potential customer of the Company or was accustomed to dealing with the Company or any other person to whom products and/or services were sold or rendered by the Company at any time during the 12 months immediately preceding the termination date of your employment; without limiting the generality of the terms “concerned”, “associated”, “engaged”, “employed” and “interested”, these expressions shall include (without limitation) reference to the holding of any office (including that of a director), any form of employment, the activities of an agent, broker or contractor, sole or co-ownership, the holding of shares or any other interest or investment, the activities of an advisor or consultant, the procuring or giving of financial assistance or the giving of any suretyship or other kind of guarantee, whether directly or indirectly; Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 8 of 12 17.4.2 “Company” shall mean Estalea LP and any of its divisions, and any and all of its present and future holding, subsidiary and/or associated companies (including without limitation Estalea (Pty) Ltd)), nominees or assigns, whether such nomination or assignment is made during or after the term of this agreement. 17.5 The provisions of this clause shall survive the termination or cancellation of this agreement and/or your employment for any reason whatsoever. 18. ADDRESSES FOR LEGAL PROCESS AND NOTICES 18.1 The parties choose for the purposes of this agreement the following addresses and telefax numbers: 18.1.1 The Company: Estalea (Pty) Ltd. 201 Selective House c/o Oakdale & Edward Street Bellville, 7530 Attention: Mr Pettersen Fax: 086 2398 716 18.1.2 The Employee: _______________________ _______________________ _______________________ _______________________ _______________________ 18.2 Any notice to any party shall be addressed to it at its address as aforesaid, and shall be sent by pre-paid registered post, delivered by hand, or sent by telefax transmission. 18.3 In case of any notice: 18.3.1 delivered by hand, it shall be deemed to have been received, unless the contrary is proved, on the date of delivery, provided such date is a business day, otherwise on the following business day; 18.3.2 sent by pre-paid registered post, it shall be deemed to have been received, unless the contrary is proved, on the seventh business day after posting; 18.3.3 sent via telefax transmission, shall be deemed to have been received on the same day, provided such day is a business day, otherwise on the following business day. The party giving notice by telefax shall have the onus of proving that the telefax was received by the addressee. 18.4 Any party shall be entitled by notice to the other, to change its address, provided that the change will become effective only 5 (five) business days after service of the notice in question. 18.5 For the purposes hereof, “business day” means any day other than a Saturday, Sunday or public holiday. 19. GENERAL PROVISIONS 19.1 This document contains the entire agreement between the parties and neither shall be bound by any undertaking, representation or warranty not recorded in this agreement. No alteration, cancellation, variation of or addition to this agreement shall be of any force or effect unless reduced to writing and signed by the parties or their duly authorised signatories. 19.2 Notwithstanding anything to the contrary, and notwithstanding the termination of this agreement for any reason whatsoever, those provisions of this agreement which expressly or by their nature are intended to survive the termination of this agreement, shall survive such termination and shall continue to be of force and effect. Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 9 of 12 19.3 No indulgence, leniency or extension of time which either party (“the grantor”) may grant or show to the other, shall in any way prejudice the grantor or preclude the grantor from exercising any of its rights in the future. You are obliged to notify the Company within a reasonable period of time of any changes to your qualifications, marital status, number of dependants, address and/or telephone number, and any other relevant information. 19.4 This agreement shall, for all purposes, be construed in accordance with the laws of the Republic of South Africa and each of the parties hereby submits itself to the exclusive jurisdiction of the South African courts in respect of any legal proceedings which may be instituted in connection with this agreement. 20. ACCEPTANCE OF OFFER Kindly let us have your acceptance of this offer by returning the original of this letter to Rochelle Nathan at rochelle@impactradius.com, which must be signed by you, by no later than 28 August 2014. Please ensure that the bottom right of each page is initialled by you. Kind regards, Hendrik Grobbelaar ESTALEA (PTY) LTD I, ___________________________, confirm my acceptance of appointment in terms of the above provisions. ___ SIGNED DATE Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 Page 10 of 12 Annexure A Total Cost to Company Package Structure PACKAGE Basic salary TAKE HOME PAY Basic Salary Less PAYE (Estimate) Monthly (R) Annually (R) Rxxx 000.00 Rxxx 000.00 Monthly (R) Rxxx 000.00 R1xxx 792.33 Less UIF (Estimate) xxxx.72 Net Pay (Estimate) Rxxxx 058.95 Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 11 of 12 Page Estalea (Pty) Ltd Letter of Appointment – Name Surname 01 OCTOBER 2014 12 of 12