NOTARIALDEEDOFLEASE

1. PARTIES

LESSOR:EaglesCreekBusinessTrust

RegnoIT2590/03 VATNO4880265626

1.1 Lessor'sdomiciliumcitandietexecutandi

1.2 PHYSICALADDRESS:

EAGLESCREEKAVIATIONESTATE

PLOT914KNOPJESLAAGTE385

TSHWANE

1.3 POSTALADDRESS:

POBox128

Fourways

2055

1.4 CONTACTNUMBERS:

Mobile:0824901659

Email:Armand@EaglesCreek.net

1.5 LESSEE…………………………………………………………………………….…….

…………………………………inhiscapacityasMember/Trusteeanddulyauthorisedhereto)

1.6 Lessee'sdomiciliumcitandietexecutandi

1.7 PHYSICALADDRESS:………………………………………………………………..

…………………………………………………………………………………………………………

1.8 POSTALADDRESS:…………………………………………………………………..

………………………………………………………………………………………………………….

1.9 CONTACTNUMBERS:………………………………………..………………………

………………………………………………………………………………………………………….

IntheeventofnoaddressesbeinginsertedthepremiseswillbetheLessee'sdomiciliumcitandietexecutandiaddress.

2. PROPERTY/LAND

2.1. Portion914ofthefarmKnopjeslaagte385J.R.

3. PREMISES

3.1 Hangar……….measuring…………m²asdepictedonsite/layoutplanannexedheretomarked"A".

3.2 Hangardesignasperplanattachedmarked‘B’

4. USEOFPREMISES

4.1 Hangar

Thehangarsshallbeusedsolelyforstorageandmaintenanceofaircraftandfornootherpurposewhatsoever.

5. RENTALCONSIDERATIONPAYABLEBYLESSEE

5.1 Forcompletedpremises:

5.1.1..rand)payabletotheLessorondateofsignatureofthisagreementsubjecthoweverthattherentalconsiderationshallbepaidbeforedateofoccupation.

5.2 Forpremisestobecompleted:

5.2.1 Rentalconsideration

R………………..plusVATR……………..TotallingR……………….

Payableasfollows

OnsignatureR………………balanceofR………………….oncompletion.

5.2.1.1

5.2.1.2

6. DURATIONOFLEASE

99yearscommencingondateofregistrationoftheleaseattheDeedsOfficeasprovidedforhereinandanyfurtherextendedperiodasmaybeagreedinwriting.

7. MANAGINGAGENT

TheDeveloperwillundertakethedutyofmanagingtheestateuntil50%ofthehangarshavebeenletonportion113and914.

Aresidentsassociationwillthenbecreatedtotakeoverthemaintenanceoftheestate.TheLesseesoftherentedunitswillbecomemembersoftheresidentsassociation.

8. LEVIES

Theleviesformaintenanceoftherunway,roads,watersupply,ratesandtaxes,insurance,securityandestateupkeepwillbepaidbytheLesseeandwillbebasedonachargeperm2ofthefloorareaofthehangars.

ThelevyispresentlyR5.30persquaremeterpermonth.

9. OCCUPATION

Occupationwillbegivenonreceiptoffullpaymentofthelease/rentalconsideration.

10. REGISTRATION

Registrationoftheleasewillcommencesoonafterreceiptoftherentalconsiderationandregistrationcosts.

11. REGISTRATIONCOST

TheLesseeisliablefortheregistrationcostofthisleaseattheDeedsOfficepayableondemand.

12. USE

Useofthehangarissubjecttothemanagementandsafetyrulesapplicablefromtimetotime

13. MAINTENANCEOFHANGAR

TheLesseeisresponsibleforthemaintenanceofhishangar.

14. BREACH

IftheLesseeisinbreachofanyoftheprovisionsofthisagreementtheLessormaytakewhateverstepsheshallbeentitledtoatlaworintermshereofinparticular:

(i) IftheLesseeismorethan2monthsinarrearswithlevypaymentsorotherpaymentsintermshereofhemaybedeniedaccesstotherunway/taxiway.

15. SAFETY

IftheLesseeactsinamannerthatplacesothertenantsatriskorbreachesanyruleorregulationhemaybedeniedaccesstotherunway/taxiwayafterreceivingtwowrittenwarnings.

16. RESALE

TheLesseemayatanytimeresell[let]thepremisesonconditionthattheleviesandotherpaymentsdueintermshereofareuptodate.

17. RENEWAL

Theleasewillberenewedforafurtherperiodof99yearsonpaymentbythenewlesseeofanamountof3%oftheleaseamount.

18. INDEMNITY

TheLesseeindemnifiestheLessoragainstanyclaimsarisingfromtheuseofthefacilities(hangar,runway,taxiwayetc.).

19. FUTUREDEVELOPMENTS

TheLesseeacceptsandacknowledgesthatfuturedevelopmentswilltakeplaceinphasesonthepropertyasperthesiteplanaswellasresidentialsitesthatwillbesubdividedonthebalanceofthepropertyandadjacent/adjoiningpropertiesandundertakesnottoopposeanysuchfuturedevelopment.

20. INSURANCE

TheLessorwillinsureallhangarsbuildingsagainstdamagetothestructureandthiscostispartofthelevy.

21. JURISDICTION

ThepartiesagreetothejurisdictionofthePretoriamagistrate’scourt.

22. WARRENTY

TheLessorwarrantsthattheLesseewillhavetheuseoftherunwayandtaxiwaysonportion914ofKnopjeslaagte385forthedurationoftheleaseperiod.

23. COMPLIANCEWITHLAWS/RULESANDREGULATIONS

TheLesseeshallduringtheperiodoftheleaseabidebyanygovernmentandlocalauthoritylaws,rulesandregulationsapplicablefromtimetotime.

THUSdoneandsignedatPretoria………………………………onthisthe…..dayof………...................2016

ASWITNESSES

1 .................................................

2 ............................................... ……………………………

LESSOR

THUSdoneandsignedat…Pretoria……………………………onthisthe…..dayof

………...................2016

ASWITNESSES

1 .................................................

2 ............................................... ………………………………

LESSEE

BANKDETAILS

FNB

EAGLESCREEKBUSINESSTRUST

FOURWAYSBRANCHcode251655

Accountno62423883489