AGREEMENT

made and entered into by and between:

SELLER:

FULL NAMES : _____________________________________________________________________

IDENTITY NUMBER: ________________________________________________________________

FULL NAMES OF SPOUSE: __________________________________________________________

IDENTITY NUMBER: ________________________________________________________________

MARRIED IN COMMUNITY OF PROPERTY / MARRIED OUT OF COMMUNITY OF PROPERTY / SINGLE

ADDRESS: ______________________________________________________________________

TELEPHONE NO: (H)____________________________ (W) ___________________________

EXISTING BOND ACC NO. : __________________________________________________________

(hereinafter referred to as "the SELLER");

AND

PURCHASER:

FULL NAMES : _____________________________________________________________________

IDENTITY NUMBER: ________________________________________________________________

FULL NAMES OF SPOUSE: __________________________________________________________

IDENTITY NUMBER: ________________________________________________________________

MARRIED IN COMMUNITY OF PROPERTY / MARRIED OUT OF COMMUNITY OF PROPERTY / SINGLE

ADDRESS: ______________________________________________________________________

TELEPHONE NO: (H)____________________________ (W) ___________________________

(hereinafter referred to as "the PURCHASER")

THE PROPERTY:

The property known as: _______________________________________________________________

_______________________________________________________________

1. SALE OF IMMOVABLE PROPERTY

The SELLER hereby sells to the PURCHASER, who hereby purchases the aforementioned property, upon and subject to the following terms and conditions, to all such terms, conditions and servitudes as are mentioned or referred to in the Title Deeds of the said property, and to such other conditions and servitudes that may exist in relation thereto.

2. PURCHASE PRICE

2.1 The purchase price is the sum of R____________________________

( )

payable by the PURCHASER to the SELLER as follows:

(a) The full purchase price on date of transfer of registration into the Purchaser’s name.

(a) This agreement of sale shall be subject to the suspensive condition that the Purchaser is able to raise a loan upon the security of a mortgage bond of R____________________________________( ) being granted by a recognized Bank, Building Society or other financial institution on or before the _____________________2003 .

2.2 In order to secure payment of the purchase price, the PURCHASER shall provide to

the SELLER and the transferring attorneys, a guarantee issued by a recognized financial institution for a sum of not less than _______________________________

( ) on or before the _____________2003.

3. COSTS OF TRANSFER

The PURCHASER shall pay all transfer costs incurred in respect of the registration of transfer of the property into the name of the PURCHASER, including but not limited to transfer duty, if any, the costs of this Deed of Sale, contributions to the Town council, conveyancer's and Deeds Office fees and shall be paid immediately upon request of the transferring attorneys.

4. TRANSFER

Transfer of the property shall be passed by the attorneys:

AUSTIN JORDAAN INC.

1 FORSTER STREET

cnr O’REILLY MERRY STREET

RYNFIELD

BENONI

TEL: 011-7484500

FAX: 011-7484550

E-MAIL: info@austinjordaan.co.za

and shall be given and taken upon the PURCHASER having complied with his obligations in terms hereof.

5. OCCUPATION AND RENTAL

Vacant occupation of the property shall be given to the PURCHASER on date of Registration. If the date of occupation and possession does not coincide with the date of transfer, the party enjoying occupation and possession of the property while it is registered in the name of the other party, shall in consideration thereof and for the period of such occupation, pay the other party occupational rental of R__________________________( ) per month or a pro rata share thereof for any portion of a month.

6. RATES AND TAXES

The PURCHASER shall be liable for the payment of all levies and other charges in respect of the property as from date of registration into the PURCHASER's name and shall refund to the SELLER any such monies which may have been paid in advance beyond such date.

7. WARRANTIES

The property is sold as described in the existing deed or deeds thereof, and subject to all conditions and servitudes (if any) attaching thereto or mentioned or referred to in the sale title deeds or prior deed. The SELLER shall not be liable for any deficiency in extent which may be revealed on any re-survey, nor shall the Seller benefit by any surplus in extent.

The Seller shall not be required to indicate to the PURCHASER the position of the beacons or pegs upon the property and/or boundaries thereof.

8. VOETSTOOTS

The property is sold 'voetstoots' and as it stands, the SELLER giving no warranty in regard to the buildings and any improvements upon the property or the rights attaching thereto. The SELLER shall not be liable for any defects in the property, either latent or patent.

9. BREACH

9.1 In the event of either of the parties failing to fulfil on due date any of the terms and conditions of this Deed of Sale, the innocent party shall have the right inter alia:

(a) to cancel the sale by registered letter addressed to the defaulting party;

and/or

(b) to claim immediate payment of the whole of the purchase price and the fulfilment of all the terms and conditions hereof if the defaulting party is the PURCHASER; and/or

10. IMPROVEMENTS AND ALTERATIONS

If the PURCHASER is in occupation of the property before date of transfer, the PURCHASER shall not be entitled to effect any alternations, additions or improvements or the like to the property, without the written consent of the SELLER. The PURCHASER shall not be entitled to any compensation or refunded for monies spent on improvements, alterations, additions or the like, whether bona fide or not, unless the written agreement of the SELLER to do so is obtained.

11. VARIATION

This Deed of Sale constitutes the entire agreement between the parties and no modification, variation or alteration thereto shall be valid unless in writing and signed by both parties hereto.

12. WAIVER

Notwithstanding any express or implied provisions of the Deed of Sale to the contrary, any latitude or extension of time which may be allowed by the SELLER in respect of any matter or thing that the PURCHASER is bound to perform or observe in terms hereof, shall not under any circumstances be deemed to be a waiver of the SELLER's rights at any time, and without notice, to require strict and punctual compliance with each and every provision or terms hereof.

13. DOMICILIUM CITANDI ET EXECUTANDI

It is agreed by the parties that they each select their respective addresses hereinbefore set out as their respective domicilium citandi et executandi which shall be the address to which all notice or other documents in relation to these presents may be sent and at which all processes may be served.

14. INTERPRETATION

In this Agreement, words importing the singular shall include the plural and vice versa, words importing the masculine gender shall include the feminine gender and words importing persons shall include bodies corporate.

15. PURCHASER'S COOLING-OFF RIGHT

Section 29A of the Alienation of Land Act 68 of 1981 applies to all agreements where the purchase price is R250 000,00 (TWO HUNDRED AND FIFTY THOUSAND RAND) or less. Accordingly, notwithstanding any other clause in this agreement, the Purchaser(s) has/have the right to revoke this offer or terminate this agreement by written notice to be delivered to the Seller(s), or his/her/their agent(s), on or before midnight __________________________ 2003.

Such notice will have no effect unless it:

(a) is signed by the Purchaser(s) or his/her/their agent(s) acting on his/her/their authority;

(b) refers to this offer or agreement as the offer or agreement that is being revoked or terminated, as the case may be; and

(*delete this clause if not applicable)

16. ELECTRICAL COMPLIANCE CERTIFICATE

Notwithstanding voetstoots clause No. 7, the Seller(s) shall, at his/her/their expense, within 10 (TEN) days of acceptance of this Deed of Sale and fulfilment of all suspensive conditions arrange for an inspection of the property and the issue of a Certificate of Compliance in terms of Government Regulation No. 2920 of 1992, issued by an accredited person who is registered with the Electrical Contracting Board of South Africa, certifying that the electrical installation of the premises is in accordance with SABS 0142, or is reasonably safe. Should the aforesaid accredited person report that there is a fault or defect in the electrical installation, the Seller(s) shall be obliged, at his/her/their expense, within 21 (TWENTY ONE) days of receipt of such report and recommendations, to contract with an Electrical Contractor or any other qualified person to carry out the repairs as recommended so as to enable the accredited person to issue the aforesaid Certificate.

17. SPECIAL CONDITIONS

____________________________________________________________________________

SIGNED by the PURCHASER(S) at ___________________________ on ___________________ 2003.

AS WITNESSES:

1. ____________________________ ___________________________________

(PURCHASER)

2. _____________________________

SIGNED by the SELLER(S) at_____________________________ on ______________________ 2003.

AS WITNESSES:

1. ___________________________ ___________________________________

(SELLER)

2. ___________________________

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