AGREEMENT AND ACKNOWLEDGEMENT OF DEBT 1. 1.

1 In this Acknowledgement of Debt unless inconsistent with the context the following words and phrases shall have the meanings set forth alongside of them: 1.1.1 1.1.2 1.1.3 THE DEBTOR: IDENTITY NUMBER: THE DEBTOR'S DOMICILIUM: REHANA COOVADFIA 6006150139088 15 Mowbray Road, Greenside

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THE CREDITOR: Identity Number:

MUHAMMAD I MOTARA 7210285162085

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THE CREDITOR'S DOMICILIUM:

c/o KHAMMISSA ATTORNEYS O.M.A. Corporate Office Park 98 Doreen Street Colbyn, Hatfield PRETORIA (P O BOX 11056, QUEENSWOOD, 0121)

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Words importing one gender shall include the other genders and words importing the singular shall include the plural and vice versa. 2.

The debtor hereby acknowledges to be lawfully indebted and bound to the Creditor in the sum of: 2.1 Capital of R790 000.00 (seven hundred and ninety thousand rand) being the agreed balance due and owing by the debtor to the creditor and being monies lent and advanced by the creditor to the debtor; 2.2 Interest on the outstanding balance of the above sum at the rate of NIL percent per annum, calculated from the to date of final payment.

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Page 2 3. The debtor shall liquidate the indebtedness to the creditor by way of making monthly payments, each in the sum of R10 000.00 (ten thousand rand) commencing on 30 November 2008 and thereafter on or before the last day of each succeeding month. 4. In the event of the debtor defaulting in the due performance of any of obligations in terms of this Acknowledgment, all of which are material, including in particular if any payment is not made on or before due date, or in the event of the debtor's estate being sequestrated (whether provisionally or finally), or in the event of a judgment being obtained against the debtor and such judgment not being satisfied within 7 (seven) days of the date of such judgment, or in the event of the debtor dying, then with effect from the date of such event: 4.1 the full amount outstanding on that date in terms of this agreement shall become immediately due and payable; 4.2 the creditor shall be entitled in its absolute discretion to rely either on this Acknowledgement or on its rights existing prior to the signature of this Acknowledgement and in the latter instance neither this Acknowledgement nor any payment in terms hereof shall be a novation of the creditor's existing rights prior to the signature hereof; 4.3 the debtor shall pay, in addition to all other amounts which the creditor may recover, all costs (including collection commission) disbursed or to be disbursed by the creditor to its Attorneys in securing the debtor's compliance with the provisions hereof, which costs may be recovered on the scale as between Attorney and own client and which shall include the costs of all necessary attendances, tracings and opinions given, whether action has been instituted or not, including any costs incurred by the creditor in proving its claim in the event of death, insolvency or liquidation of the debtor and in taking steps to protect its interests in terms hereof;

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the creditor may at its election institute any proceedings at law which it may desire to institute for the enforcement of any rights conferred upon it in terms of this Acknowledgement of Debt in the Magistrate's Court of any district having jurisdiction in respect of the debtor by virtue of Section 28(1) of Act 32 of 1944, to the jurisdiction of which Court the debtor hereby consents in terms of Section 45 of the aforesaid Act. 5.

All payments made by the debtor to the creditor shall be made free of bank charges or other deduction at the creditor's domicilium set forth above. 6. A certificate signed by the creditor or a person duly authorised thereby stating the amount outstanding in terms of this Acknowledgement shall be prima facie proof of its content and sufficient for all purposes including obtaining judgment and provisional sentence against the debtor. 7. The parties hereby select their domicilia citandi et executandi for all purposes under this Acknowledgement of Debt at the domicilia set forth in Clause 1 above. Notwithstanding the aforegoing, should it, for whatsoever reason become necessary for the creditor to trace the debtor, the debtor shall be liable for all costs of such tracing including the costs of and related to the appointment of tracing agents. 8. The debtor hereby agrees that payments made in terms of this agreement shall first be allocated to capital and thereafter to any costs that the creditor may be entitled to under this agreement. 9. The debtor hereby waives the right to attach any condition of any nature whatsoever to any payment made in terms of or in connection with this Acknowledgement. If, notwithstanding such waiver, the debtor purports to attach any such condition, the creditor shall be entitled to accept the payment and to exercise all of its rights in terms hereof as if no such condition had been attached. Without detracting from the generality of the aforegoing these provisions shall 4./

Page 4 apply if the debtor purports to make a payment "in full and final settlement" or towards a particular indebtedness. 10. The debtor shall not be entitled to set-off against any amounts set forth above or the instalments due in terms of the above, any present or future claims which the debtor might have against the creditor from whatever cause those claims might arise. 11. No latitude or indulgence granted by the creditor to the debtor shall be binding upon the creditor or be deemed to constitute a waiver or novation of any of the creditor's rights hereunder. 12. The debtor hereby waives the right to plead prescription to any action instituted by the creditor or any other party on the basis of this agreement or on the basis of any action or right arising out of this agreement. 13. The debtor hereby renounces the benefits arising from the legal exceptions "non numeratae pecuniae", "non causa debiti", "errore calculi" and revision of account, with the meanings of which the debtor acknowledges to be acquainted. 14. No additions to, alterations, variations or consensual cancellation hereof shall be of any force or effect unless reduced to writing and signed by both the debtor and the creditor or its duly appointed agent. 15. The debtor shall be responsible for and shall pay the stamp duty, if any, which accrues to this agreement and Acknowledgement of Debt.

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Page 5 16. The debtor hereby consents to an Emoluments Attachment Order in terms of Section 65J of the Magistrates Court Act 32/1944.

SIGNED AT JOHANNESBURG on this the 25th day of November 2008 in the presence of the undersigned witnesses:AS WITNESSES: 1. DEBTOR 2.
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