Attorneys, Cape Town

14/10/2026

Our ref: NM/TAM-001

Pieter du Toit and Marlize Venter
Directors, Tamarisk Joinery (Pty) Ltd

By email

Fee proposal: shareholders’ agreement

Dear Pieter and Marlize,

Thank you for meeting with us on 9 October. As discussed, we’ll prepare a shareholders’ agreement that sets out how you make decisions, what happens if one of you wants to leave, and how your shares will be valued.

WorkFee
First draft, after reviewing your MOI and share registerR10 500
Two rounds of revisionsR3 500
Final agreement for signature, and an updated share registerR2 000
Fixed fee, excl. VATR16 000
VAT at 15%R2 400
TotalR18 400

Our fee is fixed. If you’d like us to do anything outside this scope, we’ll agree on the cost with you first.

Not included: CIPC filing fees, changes to your MOI, and a buy-and-sell agreement with its insurance cover.

You’ll have the first draft within ten working days of your go-ahead. To go ahead, reply to this email or sign below. This proposal is valid until 13/11/2026.

Best,
Nomsa MabasoDirector

Accepted for Tamarisk Joinery (Pty) Ltd: _______________   Date: ________

Ashdown Mabaso Inc. · Reg. no. 2014/087312/21 · Directors: J Ashdown, N Mabaso

Attorneys · Cape Town

Pieter du Toit and Marlize Venter
Directors, Tamarisk Joinery (Pty) Ltd

14/10/2026
Our ref: NM/TAM-001

Fee proposal: shareholders’ agreement

Dear Pieter and Marlize,

Thank you for meeting with us on 9 October. As discussed, we’ll prepare a shareholders’ agreement that sets out how you make decisions, what happens if one of you wants to leave, and how your shares will be valued.

WorkFee
First draft, after reviewing your MOI and share registerR10 500
Two rounds of revisionsR3 500
Final agreement for signature, and an updated share registerR2 000
Fixed fee, excl. VATR16 000
VAT at 15%R2 400
TotalR18 400

Our fee is fixed. If you’d like us to do anything outside this scope, we’ll agree on the cost with you first.

Not included: CIPC filing fees, changes to your MOI, and a buy-and-sell agreement with its insurance cover.

You’ll have the first draft within ten working days of your go-ahead. To go ahead, reply to this email or sign below. This proposal is valid until 13/11/2026.

Best,
Nomsa MabasoDirector

Accepted for Tamarisk Joinery (Pty) Ltd: _______________   Date: ________

Ashdown Mabaso Inc. · Reg. no. 2014/087312/21 · Directors: J Ashdown, N Mabaso