Deed of Security Agreement between ASP Isotopes South Africa (Proprietary) Limited and Klydon (Proprietary) Limited dated November 30, 2022

Contract Categories: Business Finance - Security Agreements
EX-10.21 6 aspi_ex1021.htm DEED OF SECURITY aspi_ex1021.htm

 

EXHIBIT 10.21

   

EXECUTION VERSION 25 November 2022

 

Deed of Security

 

Klydon Proprietary Limited (as Pledgor)

 

ASP Isotopes South Africa Proprietary Limited (as Pledgee)

 

DLA Piper Advisory Services Proprietary Limited is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities.

A list of offices and regulatory information can be found at dlapiper.com

 

 

 
 

 

Contents

 

PARTIES

1

 

 

BACKGROUND

1

 

 

AGREED TERMS

1

 

 

1

Definitions and interpretation

1

 

 

 

2

Pledge and Cession in security

5

 

 

 

3

Undertakings by the Pledgor

6

 

 

 

4

Delivery of documents of title and authorisations to the Pledgee

7

 

 

 

5

Perfection

8

 

 

 

6

Voting

8

 

 

 

7

Rights, powers and privileges attaching to the Pledged Assets and the Ceded Rights

8

 

 

 

8

Realisation

8

 

 

 

9

Appropriation of proceeds

10

 

 

 

10

Authority

10

 

 

 

11

Duration

11

 

 

 

12

Additional rights

11

 

 

 

13

Pledgor bound notwithstanding certain circumstances

11

 

 

 

14

Exemption from liability

12

 

 

 

15

Certificate of indebtedness

13

 

 

 

16

Renunciation of benefits

13

 

 

 

17

Cession, assignment and delegation

13

 

 

 

18

Remedies cumulative

13

 

 

 

19

Non-circumvention

13

 

 

 

20

Splitting of claims

14

 

 

 

21

Further Assurances

14

 

 

 

22

Notices

14

 

 

 

23

General

14

 

 

 

24

Jurisdiction

16

 

 

 

SIGNATURE PAGES

32

 

 

SCHEDULES

 

 

 

SCHEDULE 1 LIST OF CORPOREAL MOVABLE ASSETS SITUATED AT THE SITE

18

 

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Parties

 

(1)

Klydon Proprietary Limited a private company incorporated in accordance with the laws of South Africa with registration number 1997/019684/07 (Pledgor).

 

 

(2)

ASP Isotopes South Africa Proprietary Limited (formerly PDS Photonica Holdings South Africa Proprietary Limited) a private company incorporated in accordance with the laws of South Africa with registration number 2021/701779/07 (Pledgee).

 

Background

 

A

As security for the due performance of the Secured Obligations, the Pledgor has agreed to cede in securitatem debiti all of the Ceded Rights and to pledge the Pledged Assets to the Pledgee in each case on the terms and subject to the conditions set out in this Agreement.

 

 

B

The Parties wish to record in writing their agreement in respect of the above and matters ancillary thereto.

 

Agreed terms

 

1

Definitions and interpretation

 

 

1.1

The headings to the clauses of this Agreement are for reference purposes only and shall in no way govern or affect the interpretation of nor modify nor amplify the terms of this Agreement nor any clause hereof

 

 

1.2

Capitalised terms and expressions used herein, and not defined in clause 1.3, shall bear the meanings as set out in the Acknowledgement of Debt Agreement (as defined below).

 

 

1.3

Unless the context dictates otherwise, words and expressions set forth below shall bear the following meanings and cognate expressions shall bear corresponding meanings:

 

 

 

Acknowledgement of Debt Agreement means the acknowledgement of debt agreement entered into or to be entered into between the Pledgor and the Pledgee contemporaneously with this Agreement.

 

Agreement means this Deed of Security Agreement and its Schedules.

 

Ceded Rights means all of the Pledgor's rights of any nature whatsoever to and interests of any nature whatsoever in the Pledged Assets, in each case, whether actual, prospective or contingent, direct or indirect, whether a claim for the payment of money (whether in respect of interest, principal or otherwise) or for the performance of any other obligation, and whether or not the said rights and interests were within the contemplation of the Parties as at the Signature Date.

 

Default means any breach by the Pledgor of any of the terms of this Agreement, the Acknowledgement of Debt Agreement or the Principal Agreement, including for the avoidance of doubt non-payment of the Principal Debt.

   

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Discharge Date means the date on which the Pledgee confirms in writing to the Pledgor that all of the Secured Obligations have been discharged by the Pledgor in full to the satisfaction of the Pledgee.

 

Documents of Title shall bear the meaning defined in clause 4.1.

 

Intellectual Property has the meaning ascribed to it in the Acknowledgement of Debt Agreement.

 

Parties means, collectively, the Pledgor and the Pledgee and Party means, as the context requires, any of them.

 

Pledged Assets means all of the Pledgor’s rights, title and interest in and to –

 

 

 

(a)

the movable corporeal assets owned or held by the Pledgor, situated at the Site, as more fully detailed in Schedule 1 hereto;

 

 

 

 

(b)

the Pledged Shares; and

 

 

 

 

(c)

the Pledged IP.

 

 

 

 

Pledge and Cession means the pledge and cession in securitatem debiti contemplated by this Agreement.

 

Pledged IP means the “Debtor IP” as such term is defined in the Acknowledgement of Debt Agreement.

 

Pledged Shares means the “Debtor Shares” as such term is defined in the Acknowledgement of Debt Agreement.

 

Principal Agreement has the meaning ascribed to it in the Acknowledgement of Debt Agreement.

 

Principal Debt has the meaning ascribed to it in the Acknowledgement of Debt Agreement.

 

Secured Obligations has the meaning ascribed to it in the Acknowledgement of Debt Agreement.

 

Site has the meaning ascribed to it in the Acknowledgement of Debt Agreement.

 

Signature Date means the date of signature of this Agreement by the Party last signing.

 

VAT means value-added tax as levied in terms of the Value-Added Tax Act 89 of 1991.

 

1.4

In this Agreement (unless the context requires otherwise):

 

 

(a)

days shall be construed as calendar days unless qualified by the word business, in which instance a business day will be any day other than a Saturday, Sunday or public holiday as gazetted by the government of South Africa from time to time;

 

 

 

 

(b)

a company includes any company, corporation or body corporate, or any other entity having a separate legal personality;

 

 

 

 

(c)

writing means legible writing and in English and includes any form of electronic communication contemplated in the South African Electronic Communications and Transactions Act 25 of 2002;

  

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(d)

a clause shall, subject to any contrary indication, be construed as a reference to a clause hereof;

 

 

 

 

(e)

an amendment includes a supplement, novation or re-enactment and amended is to be construed accordingly;

 

 

 

(f)

authority means any government or governmental, administrative, fiscal or judicial authority, body, court, department, commission, tribunal, registry or any stated owned or controlled authority which principally performs governmental functions;

 

 

 

 

(g)

a calendar month shall be construed as a named month, that is, January, February, March, April, May, June, July, August, September, October, November and December;

 

 

 

 

(h)

continuing, in the context of a default, means that such default has not been remedied or waived within any applicable grace period;

 

 

 

 

(i)

the words including and in particular are used by way of illustration or emphasis only and shall not be construed as, nor shall they take effect as, limiting the generality of any of the preceding words;

 

 

 

 

(j)

indebtedness shall be construed so as to include any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent;

 

 

 

 

(k)

law shall be construed as any law (including statutory, common or customary law), statute, constitution, decree, judgment, treaty, regulation, directive, by‑law, order, other legislative measure, directive, requirement of any government, supranational, local government, statutory or regulatory or self-regulatory or similar body or authority or court and the common law, as amended, replaced, re-enacted, restated or reinterpreted from time to time;

 

 

 

 

(l)

the words other and otherwise shall not be construed eiusdem generis with any foregoing words where a wider construction is possible;

 

 

 

 

(m)

a person shall be construed as a reference to any person, firm, company, corporation, government, state or agency of a state or any association or partnership (whether or not having separate legal personality) of two or more of the foregoing;

 

 

 

 

(n)

a regulation means any regulation, rule, official directive of any governmental, inter-governmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation;

 

 

 

 

(o)

repay(or any derivative form of that word) includes prepay(or any derivative form of that word); and

 

 

 

 

(p)

security interest means any mortgage, pledge, lien, charge, assignment, cession, hypothecation or security interest or any other agreement or arrangement having the effect of conferring security.

 

1.5

Unless inconsistent with the context or save where the contrary is expressly indicated in this Agreement:

 

 

(a)

if any provision in a definition is a substantive provision conferring rights or imposing obligations on any Party, notwithstanding that it appears only in an interpretation clause, effect shall be given to it as if it were a substantive provision of this Agreement;

  

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(b)

when any number of days is prescribed in this Agreement, same shall be reckoned exclusively of the first and inclusively of the last day unless the last day falls on a day which is not a business day, in which case the last day shall be the immediately succeeding Business Day;

 

 

 

 

(c)

in the event that the day for payment of any amount due in terms of this Agreement should fall on a day which is not a business day, the relevant day for payment shall be the immediately succeeding business day;

 

 

 

 

(d)

in the event that the day for performance of any obligation (other than a payment obligation) to be performed in terms of this Agreement should fall on a day which is not a business day, the relevant day for performance shall be the immediately succeeding business day;

 

 

 

 

(e)

any reference in this Agreement to an enactment is to that enactment as at the Signature Date and as amended or re-enacted from time to time;

 

 

 

 

(f)

any reference in this Agreement or any other agreement or document shall be construed as a reference to this Agreement or, as the case may be, such other agreement or document as same may have been, or may from time to time be, amended, varied, novated or supplemented;

 

 

 

 

(g)

except as expressly provided for in this Agreement, no provision of this Agreement constitutes a stipulation for the benefit of any person (i.e. a stipulatio alteri) who is not a Party to this Agreement;

 

 

 

 

(h)

a reference to a Party includes that Party's lawful successors-in-title and permitted assigns; and

 

 

 

 

(i)

where any Party is required to provide any consent or approval or agree to the actions of any other Party, the request for such consent or approval or agreement shall be in writing and shall not be unreasonably withheld or delayed;

 

 

 

 

(j)

references to any amount shall mean that amount exclusive of VAT, unless the amount expressly includes VAT; and

 

 

 

 

(k)

if there is any conflict between any definitions in this Agreement, or this Agreement and the Acknowledgement of Debt or Principal Agreement, then, for purposes of interpreting any clause of this Agreement or paragraph of any Schedule, the definition appearing in that clause or paragraph shall prevail over any other conflicting definition appearing elsewhere in the Agreement, the Acknowledgement of Debt or the Principal Agreement.

 

1.6

The headings to the clauses of this Agreement are for reference purposes only and shall in no way govern or affect the interpretation of nor modify nor amplify the terms of this Agreement nor any clause thereof.

 

 

1.7

Unless inconsistent with the context, an expression in this Agreement which denotes:

 

 

(a)

any one gender includes the other genders;

 

 

 

 

(b)

a natural person includes an artificial person and vice versa; and

 

 

 

 

(c)

the singular includes the plural and vice versa.

  

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1.8

Where any term is defined within the context of any particular clause in this Agreement, the term so defined, unless it is clear from the clause in question that the term so defined has limited application to the relevant clause, shall bear the same meaning as ascribed to it for all purposes in terms of this Agreement, notwithstanding that that term has not been defined in any interpretation clause.

 

 

1.9

The rule of construction, in the event of ambiguity, that the contract shall be interpreted against the Party responsible for the drafting thereof, shall not apply in the interpretation of this Agreement.

 

 

1.10

This Agreement shall, to the extent permitted by applicable law be binding on and enforceable by the administrators, trustees or liquidators of the Parties as fully and effectually as if they had signed this Agreement in the first instance and reference to any Party shall be deemed to include such Party's administrators, trustees or liquidators, as the case may be.

 

 

1.11

The use of any expression in this Agreement covering a process available under South African law such as winding-up (without limitation eiusdem generis) shall, if any of the Parties to this Agreement is subject to the law of any other jurisdiction, be construed as including any equivalent or analogous proceedings under the law of such other jurisdiction.

 

 

1.12

No prior drafts of any agreement or any term sheet shall be admissible as evidence in any proceedings brought to determine any dispute arising out of this Agreement between the Parties.

 

 

1.13

The expiration or termination of this Agreement shall not affect such of the provisions of this Agreement as expressly provide that they will operate after any such expiration or termination or which of necessity must continue to have effect after such expiration or termination, notwithstanding that the clauses themselves do not expressly provide for this.

 

2

Pledge and Cession in security

 

 

2.1

With effect from the Signature Date, the Pledgor hereby pledges to the Pledgee all of the Pledged Assets and cedes, transfers and makes over in securitatem debiti to the Pledgee all of the Ceded Rights, as a continuing general covering collateral security for the due, proper and timely payment, performance and discharge of all of the Secured Obligations, on the terms and conditions set out in this Agreement, which pledge and cession the Pledgee hereby accepts.

 

 

2.2

If, for any reason, any security interest intended to be created under this Agreement is or becomes illegal, invalid or unenforceable in any respect, then:

 

 

(a)

the pledge and/or cession of those illegal, invalid or unenforceable security interests shall be severed from this Agreement; and

 

 

 

 

(b)

this Agreement and all the security interests created over the remaining Pledged Assets and Ceded Rights shall continue in full force and effect.

 

2.3

To the extent that the Pledgor receives additional Pledged Assets after the Signature Date, the Pledgor hereby pledges to the Pledgee all such Pledged Assets and cedes in security to the Pledgee all of the Ceded Rights relating to such additional Pledged Assets.

 

 

2.4

If the Pledgor has ceded or pledged any of the Pledged Assets and/or Ceded Rights to any other person prior to the Signature Date, this Agreement shall (without affecting the operation of this Agreement in respect of those of the Pledged Assets and/or Ceded Rights which have not been so ceded or pledged to another person) constitute a cession in securitatem debiti to the Pledgee of the Pledgor's reversionary rights or other interests (including all of the Pledgor's rights of action against such other person/s and any rights which now or may in the future vest in the Pledgor pursuant to such reversionary rights) in respect of those Pledged Assets and/or Ceded Rights, which are hereby ceded in securitatem debiti to the Pledgee with effect from the Signature Date, which cession the Pledgee hereby accepts. The Pledgee shall be entitled to notify any such other person of this Agreement, and if any such other person is entitled to possession of any of the documents referred to in clause 4 (Delivery of documents of title and authorisations to the Pledgee), then the Pledgor shall deliver photocopies of the documents to the Pledgee, and as soon as practicable upon such person ceasing to be entitled to possession or gives up possession, the Pledgor shall deliver the relevant documents to the Pledgee.

  

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2.5

Notwithstanding anything to the contrary contained herein or in any other agreement between the Parties, the Pledgor remains liable to perform all its duties and obligations, whether contractual or otherwise, in respect of the Pledged Assets and the Ceded Rights and nothing in this Agreement nor the exercise by the Pledgee of any rights under the Principal Agreement or Acknowledgement of Debt Agreement shall constitute a delegation to or an acceptance by the Pledgee of any obligations of the Pledgor or any other person.

 

 

2.6

This Pledge and Cession is intended to operate as a pledge and a cession of each part of and all of the Pledged Assets and the Ceded Rights individually and collectively.

 

 

2.7

The Pledge and Cession contemplated by this Agreement operates as a security cession and pledge and not as an out and out or outright cession and the Pledgor retains bare ownership of the Pledged Assets and the Ceded Rights, subject to the rights of the Pledgee as a secured creditor.

 

 

3

Undertakings by the Pledgor

 

 

3.1

The Pledgor hereby undertakes and agrees from the Signature Date until the Discharge Date, that it shall:

 

 

(a)

not do any act or suffer any omission, and will not permit any other person to do any act or suffer any omission, which will have or is calculated to have the effect of diminishing or adversely affecting the rights of the Pledgee hereunder or the value or effectiveness of the security conferred by this Agreement;

 

 

 

 

(b)

not exercise any or all of its rights or votes in respect of the Pledged Assets and/or the Ceded Rights:

 

 

(i)

in a manner which is likely to (i) be prejudicial to the validity or enforceability of this Agreement, (ii) impair the value of any of the Pledged Assets and/or the Ceded Rights, or (iii) be otherwise prejudicial to the Pledgee; or

 

 

 

 

(ii)

which are or will be in conflict with the rights of the Pledgee in terms of this Agreement, the Acknowledgement of Debt Agreement and/or the Principal Agreement;

 

 

(c)

save up until the Signature Date, at its own cost, to keep the Pledged Assets and the Ceded Rights free of judicial attachments and any other encumbrances of any nature at all times;

 

 

 

 

(d)

sign all other documents as are necessary to give effect to this Agreement;

 

 

 

 

(e)

prevent any variation of the rights relating to the Pledged Assets and/or Ceded Rights or any of them, which could reduce their value;

 

 

 

 

(f)

after the occurrence of a Default which is continuing, forthwith pay over to the Pledgee any interest, distribution or other benefit of any nature accrued and/or received in respect of the Pledged Assets and/or the Ceded Rights held by it on and after the date of occurrence of such Default which is continuing, by depositing the same into such nominated account as the Pledgee may from time to time direct in writing and such amounts shall be applied towards the repayment of the Secured Obligations in accordance with the provisions of the Acknowledgement of Debt Agreement;

  

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(g)

not dispose of, cede, assign, transfer or in any other manner encumber or deal with the Pledged Assets and the Ceded Rights without the prior written approval of the Pledgee;

 

 

 

 

(h)

timeously comply in full with its obligations in respect of the Pledged Assets and/or Ceded Rights from time to time; and

 

 

 

 

(i)

take all appropriate steps required from time to time for the care, preservation and protection of the Pledged Assets and the Ceded Rights and the rights of the Pledgee under this Agreement.

 

3.2

The Pledgor waives for the benefit of the Pledgee any and all rights it may have in respect of the Pledged Assets and/or the Ceded Rights which conflict with or may restrict the rights of the Pledgee under this Agreement.

 

 

4

Delivery of documents of title and authorisations to the Pledgee

 

 

4.1

The Pledgor shall on written demand made by the Pledgee to the Pledgor deliver to the Pledgee all relevant ancillary or incidental documents of whatsoever nature (if any) as may otherwise be necessary or reasonably required by the Pledgee to exercise any or all of its rights under this Agreement (all such documents referred to in this clause 4.1 are hereinafter referred to as the Documents of Title).

 

4.2 

The words “cedes”, “transfers” and “makes over” when used in clause 2 embraces and means both the agreement to cede, and the transfer to the Pledgee of the Ceded Rights, and accordingly the failure to deliver any documents to the Pledgee shall not invalidate or render this Agreement or any part thereof invalid or unenforceable.

 

4.3

The Pledgee shall be entitled to retain possession of the Documents of Title and to deal with them in accordance with the provisions of this Agreement until the Discharge Date, whereupon the Documents of Title shall be returned to the Pledgor.

 

 

4.4

The Pledgor shall deliver to the Pledgee any other documents relating to the Pledged Assets and/or the Ceded Rights for which it may at any time reasonably call, which documents shall be delivered to the Pledgee within a reasonable period, as agreed between the Pledgee and the Pledgor and, failing such agreement, within 5 (five) business days of such request.

 

 

4.5

The Pledgor shall generally do everything that reasonably may be required by the Pledgee for the purposes of and to give effect to this Agreement, failing which the Pledgee may, if possible, attend thereto and recover from the Pledgor any expenses incurred in doing so.

 

 

4.6

A breach by the Pledgor of its obligations to deliver any document and/or instrument in terms of this clause 4 shall not:

 

 

(b)

affect the legality, validity or binding effects of the cession and pledge of the Ceded Rights and Pledged Assets embodied in this Agreement; or

 

 

 

 

(c)

affect, or in any manner, impinge upon the rights of, the Pledgee under this Agreement.

  

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5

Perfection

 

 

 

Notwithstanding the provisions of clause 4, the Pledgor shall within 14 (fourteen) days of the Signature Date deliver to the Pledgee for the purposes of perfecting the Pledgee’s rights under this Agreement in respect of the Pledged Shares:

 

5.1

the original share certificates in respect of its Pledged Shares;

 

 

5.2

share transfer forms in respect of the Pledged Shares duly completed and signed, but undated and otherwise in blank as to the transferee; and

 

 

5.3

resolutions by the directors of the relevant companies in which the Pledged Shares are held, noting and irrevocably authorising the pledging of the Pledged Shares in terms of this Agreement and the transfer thereof to the Pledgee or any third party upon realisation in terms of clause 8.

 

 

6

Voting

 

 

 

Notwithstanding that the rights to vote in respect of the Pledged Shares are ceded and pledged in securitatem debiti to the Pledgee, as are all other rights attaching to the Pledged Shares, whilst this Agreement remains in force and provided that the Pledgee has not exercised its rights in terms of clause 8, the Pledgor shall be entitled to exercise all voting rights in respect of the Pledged Shares, and the Pledgee will not exercise such voting rights.

 

7

Rights, powers and privileges attaching to the Pledged Assets and the Ceded Rights

 

 

 

This Agreement operates in respect of all rights, powers and privileges attaching to the Pledged Assets and the Ceded Rights, and such rights, powers and privileges shall accordingly vest in the Pledgee, with the power to exercise them either in its own name or in the name of the Pledgor, upon the occurrence of any Default in accordance with the terms of the Acknowledgement of Debt Agreement. Alternatively, the Pledgor shall, if the Pledgee so directs upon the occurrence of any Default in accordance with the terms of the Acknowledgement of Debt Agreement, exercise its rights, powers and privileges in its own name and in accordance with the Pledgee's directions to the greatest extent permitted by applicable law.

 

 

8

Realisation

 

 

8.1

If any Default has occurred and is continuing, the Pledgor hereby irrevocably and unconditionally authorises and empowers the Pledgee, without any further authority or consent of any nature whatsoever required from the Pledgor, and in the name of the Pledgee or its nominee or in the name of the Pledgor to:

 

 

(a)

exercise all or any of the rights, powers and privileges attached to the Pledged Assets, powers and privileges and enforce all or any obligations attaching to the Pledged Assets and/or the Ceded Rights in such manner and on such terms as the Pledgee in its sole discretion deems fit and/or

 

 

 

 

(b)

receive or collect payment for, delivery of and/or performance in respect of, the Pledged Assets and/or the Ceded Rights in its own name; and/or

   

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(c)

at the election of the Pledgee:

 

 

 

 

 

 

(i)

to sell or otherwise realise the Pledged Assets and/or the Ceded Rights or any one of them either by public auction; and/or

 

 

 

 

 

 

(ii)

to sell or otherwise realise the Pledged Assets and/or Ceded Rights by private treaty on reasonable notice to the Pledgor not exceeding 10 (ten) business days; and/or

 

 

 

 

 

 

(iii)

to take over the Pledged Assets and/or the Ceded Rights at a fair value which, in the absence of agreement within 10 (ten) business days after delivery by the Pledgee to the Pledgor of a written notice stating that the Pledgee intends to exercise its rights pursuant to this clause 8.1(c)(iii), shall be determined by an independent accountant or merchant bank agreed to by the Parties or, failing agreement within 2 (two) business days, appointed, at the request of either the Pledgee or the Pledgor, by the President for the time being of the Southern African Institute of Chartered Accountants (or the successor body thereto) (which independent accountant or merchant bank shall act as an expert and not as an arbitrator, shall be instructed to make his determination within 10 (ten) business days after being requested to do so and shall determine the liability for his charges which will be paid accordingly); and/or

 

 

 

 

 

 

(iv)

to institute any legal proceedings which the Pledgee may deem necessary in connection with any sale or other realisation or transfer of any of the Pledged Assets and/or the Ceded Rights by the Pledgee or its nominees; and/or

 

 

 

 

 

 

(v)

to convey valid title in the Pledged Assets and/or the Ceded Rights to the Pledgee or any purchaser thereof; and/or

 

 

 

 

 

 

(vi)

to take all such further or other steps as the Pledgee may consider necessary to deal with the Pledged Assets and/or the Ceded Rights.

 

8.2

Upon the Pledgee taking any actions in terms of clause 8.1, or otherwise as required by the Pledgee, the Pledgor shall on demand by the Pledgee:

 

 

(a)

notify any relevant person required by the Pledgee, in writing that payment for, delivery of or performance in respect of the Pledged Assets and/or the Ceded Rights must be made to the Pledgee, and that payment, delivery or performance to the Pledgor or to anyone else will not constitute valid payment, delivery or performance, and the Pledgee shall be entitled to do likewise. The Pledgor shall on demand by the Pledgee provide proof that such notification has been duly given;

 

 

 

 

(b)

permit the Pledgee or any of its representatives and professional advisors free access at all reasonable times and on reasonable notice at the risk and cost of the Pledgor to:

 

 

(i)

the Site, Pledgor's premises, records, accounts (including its general ledger), books and assets as that person may require; and

 

 

 

 

(ii)

meet and discuss matters with key management;

 

 

(c)

refuse to accept any payment, delivery or performance tendered in respect of any of the Pledged Assets and/or the Ceded Rights in order that such payment, delivery or performance be tendered to the Pledgee; and

 

 

 

 

(d)

at its own cost, carry out any lawful directions the Pledgee may give in regard to the realisation of the Pledged Assets and/or the Ceded Rights and sign any document or do any other lawful act necessary to vest the Pledged Assets and/or the Ceded Rights in the Pledgee, to enable the sale or disposal of the Pledged Assets and/or the Ceded Rights, which may otherwise be necessary or required to perfect the Pledge and Cession created in this Agreement; and.

 

 

 

 

(e)

at its own cost, where the Pledgee exercises its rights pursuant to clause 8.1(c)(iii) and/or 8.1(c)(v), cede, transfer and assign its rights and delegate its obligations under any document or agreement incidental or necessary to enable the Pledgee to, inter alia, use, implement, perform or commercialise the Pledged Assets and/or the Ceded Rights.

  

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8.3

The Parties acknowledge and agree that:

 

 

(a)

the Secured Obligations are obligations of a commercial nature; and

 

 

 

 

(b)

the application of the provisions of this clause 8 will confer upon the Pledgee certain procedural advantages which, in the light of the commercial nature of the transaction secured by the Pledge and Cession, are fair, reasonable and necessary to ensure that the Pledgee does not suffer unfair commercial prejudice.

 

 

 

8.4

The provisions of this clause 8 are without prejudice to all other rights and remedies which the Pledgee may have at law and shall be severable and divisible from the other terms and conditions of this Agreement if same are found to be invalid or unenforceable. In this regard the Parties record that they would have concluded a cession and pledge on all the other terms hereof even if the parate executie terms included herein were not agreed upon and accordingly even if the parate executie terms are found to be invalid or unenforceable, the remaining provisions of this Agreement are intended to remain of full force and effect.

 

8.5

Notwithstanding anything to the contrary contained in this Agreement, the Pledgee shall not be obliged to take any particular steps to collect or otherwise enforce its rights in respect of the Pledged Assets and/or the Ceded Rights.

 

 

8.6

The Parties record and agree that, should the Pledgee exercises all or any of the rights, powers and privileges attached to the Pledged IP as contemplated in this clause 8 and any such exercise or action is subsequently held by a competent court to be unenforceable or void or voidable, the license agreement entered into between the Pledgor (as licensee) and ASP Isotopes UK Limited (registration number 14252657) (as licensor), dated 26 July 2022, shall be-reinstated and shall continue in force on the same terms and conditions as set out in such agreement.

 

 

 

9

Appropriation of proceeds

 

 

 

The Pledgee shall appropriate all amounts received pursuant to the collection, sale or other realisation of the Pledged Assets and/or Ceded Rights (or any of them) towards the repayment of amounts due and payable under the Secured Obligations, and to defray all costs and expenses incurred in or arising out of the exercise of its rights under and in terms of this Agreement, the Acknowledgement of Debt Agreement and/or the Principal Agreement, provided that the Pledgor shall remain liable for any shortfall in respect of such amounts.

 

10

Authority

 

 

 

If at any time during this Agreement the Pledgee becomes entitled to exercise its rights under clause 8 (Realisation), the Pledgor hereby authorises and appoints the Pledgee irrevocably and in rem suam as the Pledgor's attorney and agent in the Pledgor's name, place and stead to sign and execute:

 

10.1

any proxy in favour of the Pledgee or its nominees to enable the Pledgee or such nominee, as the case may be, to exercise any voting rights attaching to the Pledged Assets or any of them; and

  

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10.2

such documents as may be necessary:

 

 

(a)

in order to render the Pledged Assets and/or the Ceded Rights or any of them negotiable including, without limitation, the signature of transfer declarations;

 

 

 

 

(b)

to enable the Pledgee to receive payment of the purchase price of the Pledged Assets and/or the Ceded Rights; and

 

 

 

 

(c)

to enable the Pledgee to exercise any of its rights granted to it herein.

 

11

Duration

 

11.1

The Pledge and Cession in terms of this Agreement shall commence on the Signature Date and continue and endure in accordance with the provisions of this Agreement until the Discharge Date. In particular, this Agreement shall not terminate by reason solely of the fact that there may at any time be reduced obligations or debts owing by the Pledgor under the Acknowledgement of Debt Agreement or the Principal Agreement.

 

 

11.2

The Pledgee shall no later than 5 (five) Business days of receipt of written request from the Pledgor, certify in writing to the Pledgor that the Discharge Date has occurred (provided that the Discharge Date has in fact occurred).

 

12

Additional rights

 

12.1

The rights conferred on the Pledgee by this Agreement are additional to and not in substitution for:

 

 

(a)

any other rights the Pledgee has, or may at any time in the future have, against the Pledgor or any other person; and

 

 

 

 

(b)

any other security held or hereafter to be held by the Pledgee from the Pledgor, or any other person, in connection with the Secured Obligations.

 

12.2

The Pledgee may release any security held by it without prejudice to its rights under this Agreement.

 

 

13

Pledgor bound notwithstanding certain circumstances

 

 

13.1

The obligations of the Pledgor under and in terms of this Agreement are irrevocable and shall operate as continuing covering security for all the Secured Obligations and shall continue to be of full force and effect until the Discharge Date notwithstanding:

 

 

(a)

any intermediate discharge or settlement of, or fluctuation in, the Secured Obligations, in which event the Pledge and Cession contained in this Agreement shall operate as security for any indebtedness subsequently arising in favour of the Pledgee pursuant to the Acknowledgement of Debt Agreement and the Principal Agreement;

 

 

 

 

(b)

the Pledgor's legal disability and/or any variation or amendment of, addition to or deletion from or cancellation or termination of any agreement or of any of the rights of the Pledgee against the Pledgor;

 

 

 

 

(c)

any incapacity or lack of power, authority or legal personality of or dissolution of or change in the members or status of the Pledgor or any other person;

  

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(d)

any suspension, unenforceability, illegality or invalidity of any obligation of any person under this Agreement, the Acknowledgement of Debt Agreement or the Principal Agreement;

 

 

 

 

(e)

any latitude, indulgence, waiver, consentor extension of time which may be allowed or shown by the Pledgee to the Pledgor or any other person;

 

 

 

 

(f)

the Pledgee not exercising any one or more of its rights under the Acknowledgement of Debt Agreement or the Principal Agreement, either timeously or at all;

 

 

 

 

(g)

the receipt by the Pledgee of any dividend or benefit in any insolvency, liquidation or business rescue proceedings or any compromise or composition whether in terms of any statutory enforcement or the common law;

 

 

 

 

(h)

the release by the Pledgee of the Pledgor from some but not all of the Secured Obligations;

 

 

 

 

(i)

any insolvency, administration, business rescue, reorganisation, arrangement, readjustment of debt, dissolution, liquidation or similar proceedings have been instituted by or against the Pledgee or any other person;

 

 

 

 

(j)

the taking, variation, compromise, exchange, renewal or release of, or refusal or neglect to perfect, execute, take up or enforce, any rights against, or security interest over the assets of, any person or any non-presentation or non-observance of any formality or other requirement in respect of any instrument or any failure to realise the full value of any Security;

 

 

 

 

(k)

the Acknowledgement of Debt Agreement or Principal Agreement not being executed by or binding against the Pledgor or any other party;

 

 

 

 

(l)

any amendment, novation, supplement, extension, restatement (however fundamental and whether or not more onerous) of the Acknowledgement of Debt Agreement, the Principal Agreement or any other document or security including, without limitation, any change in the purpose ofsuch agreements; and/or

 

 

 

 

(m)

any other fact or circumstance that may arise (including any act or omission by the Pledgee) on which the Pledgor might otherwise be able to rely on a defence based on prejudice, waiver or estoppel.

 

13.2

If the Pledgor suffers any loss arising from any of the facts, circumstances, acts or omissions referred to above, the Pledgor will have no claim against the Pledgee in respect thereof.

 

 

14

Exemption from liability

 

 

The Pledgor hereby:

 

 

14.1

agrees that the Pledgee shall not be responsible for any loss from the sale or realisation of the Pledged Assets and/or Ceded Rights and/or any of them, howsoever arising, or for any reduction in the value of the Pledged Assets and/or Ceded Rights and/or any of them, unless such loss or reduction in value is occasionedsolely and directlyby the wilful default and/or gross negligence of thePledgee;

 

 

14.2

absolves thePledgeefrom all liability whatsoever shouldtheyfail to collect any benefits (however named or described, without any exception) arising from or by virtue of the Pledged Assets and/or Ceded Rights and/or any of them, or should they fail to take up any rights issued or granted in relation to the Pledged Assets and/or Ceded Rights and/or any of them, or in any way fail or omit to protect their own or any of the Pledgor's interests relating to the Pledged Assets and/or Ceded Rights and/or any of them; and

  

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14.3

absolves and indemnifies the Pledgee and its directors, officers, employees, representatives and advisers from and against any loss or damage, whether direct or indirect, consequential or otherwise, suffered by the Pledgor arising from any cause in connection with this Agreement, whether the loss or damage results from contract, delict, negligence or any other cause and whether this Agreement has been terminated or not, save for any loss or damages arising as a result of the gross negligence or wilful misconduct of the Pledgee.

 

 

15

Certificate of indebtedness

 

 

 

A certificate signed by any director or manager of the Pledgee (whose appointment need not be proved) as to the existence of and the amount of indebtedness by the Pledgor to the Pledgee under this Agreement shall in the absence of manifest error, be prima facie evidence of the matters to which it relates.

 

 

16

Renunciation of benefits

 

 

 

The Pledgor hereby renounces the legal benefits and exceptions of excussion, division, non numeratae pecuniae, non causa debiti, revision of accounts and errore calculi, the Pledgor declaring itself to be fully acquainted with the full meaning and effect of this renunciation.

 

17

Cession, assignment and delegation

 

 

17.1

The Pledgor shall not be entitled to cede any of its rights or delegate any of its obligations under this Agreement to another person without the prior written consent of the Pledgee.

 

 

17.2

To the extent that any cession and/or delegation contemplated in this clause 17 gives rise to a splitting of claims against the Pledgor, the Pledgor hereby consents to such splitting of claims.

 

 

17.3

The Pledgee shall be entitled to cede and/or delegate its rights and/or obligations under this Agreement, and the Parties each hereby irrevocably and unconditionally consent to any splitting of rights or claims which may arise from such a cession and transfer.

 

 

18

Remedies cumulative

 

 

18.1

The rights of the Pledgee under this Agreement:

 

 

 

 

(a)

may be exercised as often as necessary;

 

 

 

 

(b)

are cumulative and not exclusive of its rights under general law, and

 

 

 

 

(c)

may be waived only in writing and specifically.

 

18.2

Any delay in exercising or non-exercise of any such rights is not a waiver of those rights.

 

 

19

Non-circumvention

 

 

 

The Pledgor hereby irrevocably and unconditionally undertakes in favour of the Pledgee that it will not circumvent, avoid or bypass or obviate the terms and conditions contained in this Agreement, or attempt to do so for any purpose whatsoever.

  

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20

Splitting of claims

 

 

 

The Pledgor irrevocably consents to any splitting of claims that may arise out of this Agreement and to any harm, prejudice or damage that it may suffer as a result of any such splitting.

 

 

21

Further Assurances

 

 

 

The Pledgor shall generally promptly do everything that may be required in order to comply with its obligations under this Agreement and as may otherwise be required by the Pledgee, for the purposes of and to give effect to this Agreement, failing which the Pledgee may, to the extent possible, attend thereto on behalf of the Pledgor and recover on demand from the Pledgor any expenses incurred in relation thereto. In particular the Pledgor shall execute and do all such acts and things as the Pledgee, in its discretion, may require:

 

 

(a)

to perfect or protect the security interests created (or intended to be created) by this Agreement;

 

 

 

 

(b)

to preserve or protect any of the rights of the Pledgee under this Agreement;

 

 

 

 

(c)

to enforce any security interests created under this Agreement on or at any time after it becomes enforceable;

 

 

 

 

(d)

for the exercise of any power, authority or discretion vested in the Pledgee under this Agreement; and

 

 

 

 

(e)

to carry out the effect, intent and purpose of this Agreement,

 

 

 

 

in any such case, forthwith upon demand by the Pledgee and at the expense of the Pledgor.

 

 

22

Notices

 

 

22.1

Notices

 

 

22.2

Each Party chooses the addresses set out in clause 9 (Notices) of the Acknowledgement of Debt Agreement, and for the purposes of giving or sending any notice provided for or required under this Agreement, the said physical addresses as well as the email addresses contained therein.

 

 

22.3

The provisions of clause 9 (Notices) of the Acknowledgement of Debt Agreement are incorporated by reference herein, mutatis mutandis, as if repeated herein in full.

 

 

23

General

 

 

23.1

Applicable law

 

 

 

This Agreement is to be governed, interpreted and implemented in accordance with the laws of South Africa.

 

23.2

No representations or implied terms

 

 

(a)

It is recorded and agreed that there are no conditions precedent suspending the operation of this Agreement and no warranties, promises, representations or inducements of whatsoever nature have been made or given to the Pledgor to induce it to sign this Agreement and bind itself in terms thereof.

 

 

 

 

(b)

No Party shall be bound by any express or implied term, representation, warranty, promise or the like, not recorded in this Agreement, the Acknowledgement of Debt Agreement or the Principal Agreement.

  

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23.3

No indulgences

 

 

 

No latitude, extension of time or other indulgence which may be given or allowed by any Party to the other Party in respect of the performance of any obligation hereunder, and no delay or forbearance in the enforcement of any right of any Party arising from this Agreement and no single or partial exercise of any right by any Party under this Agreement, shall in any circumstances be construed to be an implied consent or election by such Party or operate as a waiver or a novation of or otherwise affect any of the Party's rights in terms of or arising from this Agreement or estop or preclude any such Party from enforcing at any time and without notice, strict and punctual compliance with each and every provision or term hereof. Failure or delay on the part of any Party in exercising any right, power or privilege under this Agreement will not constitute or be deemed to be a waiver thereof, nor will any single or partial exercise of any right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

 

 

23.4

Continuing effectiveness of certain provisions

 

 

 

The expiration or termination of this Agreement shall not affect such of the provisions of this Agreement as expressly provide that they will operate after any such expiration or termination or which of necessity must continue to have effect after such expiration or termination, notwithstanding that the clauses themselves do not expressly provide for this.

 

 

23.5

Costs

  

 

(a)

The Parties shall each bear their own costs incurred in connection with the negotiation, preparation and implementation of this Agreement.

 

 

 

 

(b)

Any costs, including all legal costs on an attorney and own-client basis and VAT, incurred by a Party arising out of or in connection with a breach by the other Party of this Agreement shall be borne by the Party in breach.

 

23.6

Cumulative remedies

 

 

Unless otherwise expressly provided in this Agreement, the rights and remedies under this Agreement are in addition to, and do not exclude, any rights or remedies provided by law.

 

 

23.7

New laws and inability to perform

 

 

If any law comes into operation subsequent to the Signature Date which law affects any aspect or matter or issue contained in this Acknowledgement of Debt, the Parties undertake to enter into negotiations in good faith regarding a variation of this Acknowledgement of Debt in question in order to ensure that neither this Acknowledgement of Debt nor its implementation constitutes a contravention of such law.

 

 

23.8

Independent Advice

 

 

Each of the Parties acknowledges that they have been free to secure independent legal and other professional advice as to the nature and effect of all of the provisions of this Agreement and that they have either taken such independent legal and other advice or dispensed with the necessity of doing so. Further, each of the Parties acknowledges that all of the provisions of this Agreement and the restrictions herein contained are fair and reasonable in all the circumstances and are part of the overall intention of the Parties in connection with this Agreement.

 

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23.9

Waiver of immunity

 

 

The Pledgor irrevocably and unconditionally waives any right it may have to claim for itself or any of its assets immunity from suit, execution, attachment or other legal process.

 

 

23.10

Provisions severable

 

 

Each provision in this Agreement is severable from all others, notwithstanding the manner in which they may be linked together or grouped grammatically, and if in terms of any judgment or order, any provision, phrase, sentence, paragraph or clause is found to be defective or unenforceable for any reason, the remaining provisions, phrases, sentences, paragraphs and clauses shall nevertheless continue to be of full force. In particular, and without limiting the generality of the aforegoing, the Parties acknowledge their intention to continue to be bound by this Agreement notwithstanding that any provision may be found to be unenforceable or void or voidable, in which event the provision concerned shall be severed from the other provisions, each of which shall continue to be of full force.

 

 

23.11

Signature

 

 

(a)

This Agreement is signed by the Parties on the dates and at the places indicated below.

 

 

 

 

(b)

This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Acknowledgement of Debt as at the date of signature of the Party last signing one of the counterparts.

 

 

 

 

(c)

The persons signing this Agreement in a representative capacity warrant their authority to do so.

 

 

 

 

(d)

The Parties record that it is not required for this Agreement to be valid and enforceable that a Party shall initial the pages of this Acknowledgement of Debt and/or have its signature of this Agreement verified by a witness.

 

23.12

Variation, cancellation and waiver

 

 

 (a) 

 No addition to or variation, deletion from, or agreed cancellation of all or any clauses or provisions of this Agreement will be of any force or effect unless in writing and signed by the Parties.

 

 

 

 

(b)   

No waiver, suspension or postponement by any Party of any right arising out of or in connection with this Agreement shall be of any force or effect unless in writing and signed by such Party. Any such waiver, suspension or postponement will be effective only in the specific instance and for the purpose given.

 

23.13

Whole Agreement

 

 

This Agreement, read together with the Acknowledgement of Debt and the Principal Agreement, constitutes the sole record of the agreement between the Parties in regard to the subject matter thereof.

     

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24

Jurisdiction

 

 

24.1

The Pledgor hereby irrevocably and unconditionally consents and submits to the non-exclusive jurisdiction of the High Court of South Africa, Gauteng Provincial Division, Pretoria (or any successor to that division) in regard to all matters arising from this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or any non-contractual obligation arising out of or in connection with this Agreement) (Dispute).

 

 

24.2

The Pledgor agrees that the High Court of South Africa, Gauteng Provincial Division, Pretoria (or any successor to that division) is the most appropriate and convenient court to settle Disputes and accordingly:

 

 

(a)

it will not argue to the contrary;

 

 

 

 

(b)

it hereby waives any objection to the jurisdiction of that court on the grounds of venue or forum non conveniens or any similar grounds; and

 

 

 

 

(c)

it consents to service of process in any manner permitted by applicable law.

 

24.3

This clause 24 is for the benefit of the Pledgee only, provided that if the Pledgee institutes action in the High Court of South Africa, Gauteng Provincial Division, Pretoria (or any successor to that division), the Pledgor shall be entitled to raise any counterclaim it may have in such court. As a result, the Pledgee shall not be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction as it sees fit.

 

 

24.4

To the extent allowed by law, the Pledgee may take concurrent proceedings in any number of jurisdictions and the Pledgor shall be entitled to raise any counterclaim it may have in any jurisdiction in which the Pledgee takes any concurrent proceedings.

 

The remainder of this page intentionally left blank.

  

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Schedule 1 List of corporeal movable assets situated at the Site

 

OFFICE EQUIPMENT (FURNITURE AND FITTINGS)

DEPRECIATION RATE

20.00%

 

 

 

 

 

#

Asset Description

Asset Number

Location

Date

 

 

 

 

 

1

Credenza

KLY/FE/0001

A163

25-Oct-07

2

High back chairs

KLY/FE/0002

A163

08-Jul-99

3

L-Shape oak work desk

KLY/FE/0003

A163

02-Aug-99

4

4 Drawer steel cabinet

KLY/FE/0004

A163

08-Jul-99

5

Meeting chair

KLY/FE/0005

A163

08-Feb-05

6

Meeting chair

KLY/FE/0006

A163

08-Feb-05

 

 

 

 

1

4 Draw Steel Cabinets

KLY/FE/0010

Stephan

01-Jun-98

2

4 Draw Steel Cabinets

KLY/FE/0011

Stephan

01-Jun-98

3

2 Door steel Stationery Cabinet

KLY/FE/0012

Stephan

19-Jun-02

4

Picture - Irene Farm

KLY/FE/0013

Stephan

05-Dec-06

5

Meeting chairs

KLY/FE/0014

Stephan

25-Oct-07

6

Meeting chairs

KLY/FE/0015

Stephan

25-Oct-07

7

Blinders kantoor A161 (SPS)

KLY/FE/0017

Stephan

15-Jul-08

8

L-Shape oak work desk

KLY/FE/0018

Stephan

08-Jul-99

9

High back Apollo chair

KLY/FE/0019

Stephan

03-Nov-98

10

Conference Table

KLY/FE/0021

Einar

05-Jul-99

11

Conference Chairs

KLY/FE/0022

Einar

05-Jul-99

12

Conference Chairs

KLY/FE/0023

Einar

05-Jul-99

13

Conference Chairs

KLY/FE/0024

Einar

05-Jul-99

14

Conference Chairs

KLY/FE/0025

Einar

05-Jul-99

15

Conference Chairs

KLY/FE/0026

Einar

05-Jul-99

16

Conference Chairs

KLY/FE/0027

Einar

05-Jul-99

17

Conference Chairs

KLY/FE/0028

Einar

05-Jul-99

18

Conference Chairs

KLY/FE/0029

Einar

05-Jul-99

19

Steel Cabinet

KLY/FE/0030

Einar

19-Nov-99

20

Nokia 6300 cellphones

KLY/FE/0031

Einar

15-May-08

21

Conference call sound system

KLY/FE/0032

Einar

19-Sep-08

22

High back chair

KLY/FE/0033

Debbie

01-Jun-98

23

4 Draw Steel Cabinets

KLY/FE/0034

Debbie

03-Jun-98

  

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24

Binding Machine - Ringbind

KLY/FE/0035

Debbie

25-Jan-00

25

Credenza

KLY/FE/0036

Debbie

05-Dec-06

26

Waste paper bin - Wood

KLY/FE/0037

Debbie

05-Dec-06

27

Oak Wall Cupboards

KLY/FE/0038

Debbie

25-Oct-07

28

Kobra Shredder

KLY/FE/0040

Debbie

04-Jul-08

29

Binding Machine - Operetta

KLY/FE/0041

Debbie

10-Sep-08

30

L-Shape Oak work desk

KLY/FE/0042

Debbie

02-Aug-99

31

High back chair

KLY/FE/0045

Le Roux

22-Oct-01

32

Blue Saver arm Chairs

KLY/FE/0046

Le Roux

13-Apr-05

33

Blue Saver arm Chairs

KLY/FE/0047

Le Roux

13-Apr-05

34

Blinders kantoor A159 (LS)

KLY/FE/0049

Le Roux

15-Jul-08

35

Steel cabinet

KLY/FE/0050

Le Roux

18-Nov-08

36

L-Shape oak work desk

KLY/FE/0051

Le Roux

08-Jul-99

37

Royal Blue High back chair

KLY/FE/0052

Callie

22-Jun-07

38

L Shape Oak Desk

KLY/FE/0053

Callie

22-Jun-07

39

4 Drawer Filing Cabinet

KLY/FE/0054

Callie

22-Jun-07

40

Round Table

KLY/FE/0055

Callie

25-Oct-07

41

Light Blue bent oak meeting chairs

KLY/FE/0056

Callie

25-Oct-07

42

Light Blue bent oak meeting chairs

KLY/FE/0057

Callie

25-Oct-07

43

Light Blue bent oak meeting chairs

KLY/FE/0058

Callie

25-Oct-07

44

Light Blue bent oak meeting chairs

KLY/FE/0059

Callie

25-Oct-07

45

Non Magnetic Board

KLY/FE/0060

Callie

13-Dec-07

46

Nokia 6300 cellphones

KLY/FE/0062

Callie

15-May-08

47

Blinders kantoor A156 (CS)

KLY/FE/0063

Callie

15-Jul-08

48

2 Door Stationery Cabinet

KLY/FE/0064

Callie

05-Dec-06

49

High back chair

KLY/FE/0065

Ben

01-Jun-98

50

Steel Desk

KLY/FE/0066

Ben

05-Dec-06

51

Steel Table with wheels

KLY/FE/0067

Ben

25-Oct-07

52

40cm Chrome Fan

KLY/FE/0069

Ben

01-Apr-08

53

4 Drawer steel cabinet

KLY/FE/0070

Ben

28-Aug-08

54

Meeting chair

KLY/FE/0071

Ben

08-Feb-05

55

Meeting chair

KLY/FE/0072

Ben

08-Feb-05

56

Book shelve

KLY/FE/0073

Ben

05-Jul-99

57

Book shelve

KLY/FE/0074

Ben

05-Jul-99

58

Oak Desk, 2 drawer

KLY/FE/0075

Carl

25-Oct-07

59

High back swivvle office chair

KLY/FE/0076

Carl

12-Dec-07

   

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60

High back chair

KLY/FE/0078

Meisie

08-Jan-01

61

2 Door steel Stationery Cabinet

KLY/FE/0079

Meisie

18-Jun-02

62

Picture

KLY/FE/0080

Meisie

05-Dec-06

63

Picture

KLY/FE/0081

Meisie

05-Dec-06

64

Oak Desk, 2 drawer

KLY/FE/0082

Meisie

25-Oct-07

65

Oak Desk, 2 drawer

KLY/FE/0085

Michelle

25-Oct-07

66

High back swivvle office chair

KLY/FE/0086

Michelle

12-Dec-07

67

High back chair

KLY/FE/0088

Elro

01-Feb-01

68

Meeting chair, no arms

KLY/FE/0090

Elro

03-Jun-98

69

Meeting chair, no arms

KLY/FE/0091

Elro

03-Jun-98

70

High back chair

KLY/FE/0092

Kloppies

12-Jul-01

71

4 Draw Steel Cabinet

KLY/FE/0093

Kloppies

21-Feb-02

72

Blue Stack chair

KLY/FE/0095

Charles

01-Jun-98

73

Blue Stack chair

KLY/FE/0096

Charles

01-Jun-98

74

L-Shape oak Desk

KLY/FE/0097

Charles

01-Feb-01

75

High back chair

KLY/FE/0098

Charles

22-Oct-01

76

Desk, Pedestal

KLY/FE/0100

Klaus

19-Dec-05

77

High back chair

KLY/FE/0101

Klaus

19-Dec-05

78

4 Drawer Filing Cabinet

KLY/FE/0102

Klaus

10-Jan-08

79

Steel key holder

KLY/FE/0104

Klaus

22-May-08

80

White Board

KLY/FE/0105

Klaus

05-Dec-06

81

Oak Desk 1.5

KLY/FE/0106

Cornel

21-Apr-05

82

High back chair

KLY/FE/0107

Cornel

05-Dec-06

83

Meeting chair

KLY/FE/0109

A119

08-Feb-05

84

4 Draw Steel Cabinet

KLY/FE/0110

A119

17-Aug-98

85

4 Draw Steel Cabinet

KLY/FE/0111

A119

17-Aug-98

86

2 Door steel Stationery Cabinet

KLY/FE/0112

A119

17-Aug-98

87

Meeting chair

KLY/FE/0113

A119

29-Oct-98

88

Meeting chair

KLY/FE/0114

A119

29-Oct-98

89

Book shelve

KLY/FE/0115

A119

29-Oct-98

90

Oak Desk 1.5

KLY/FE/0116

Kobus

13-Apr-05

91

High back chair

KLY/FE/0117

Kobus

01-Mar-07

92

Meeting chair (Stacker)

KLY/FE/0119

Kobus

08-Jul-99

93

Meeting chair (Stacker)

KLY/FE/0120

Kobus

08-Jul-99

94

Meeting chair (Stacker)

KLY/FE/0121

Kobus

08-Jul-99

95

Meeting chair (Stacker)

KLY/FE/0122

Kobus

08-Jul-99

96

High back chair

 

Elro

20-Jul-09

  

Company Pledge and Cession in Security

DLA Piper | 20

        

 
 

 

97

Wood/Steel work desk

 

Krappie

29-Oct-98

98

Wooden work Desk

 

Andre

29-Oct-98

99

Wooden work Desk

 

Emile

29-Oct-98

100

Security gate at main entrance

 

1st Floor

15-Jul-08

101

Security gate at management toilet

 

1st Floor

15-Jul-08

102

2 x Fingerprint readers with power supplies

 

1st Floor

15-Jul-08

103

2 x Magnetic locks with cables

 

1st Floor

15-Jul-08

104

Double door steel cabinets

 

1st Floor

28-Aug-08

105

5 x Smoke detectors

 

1st Floor

08-Aug-08

106

5 x Alarm passives

 

1st Floor

08-Aug-08

107

4 x Kocom security cameras

 

1st Floor

08-Aug-08

108

Waterdispenser - 1st Floor

 

1st floor - Christo

05-Dec-08

109

Oak Desk 1.2

 

A106

13-Apr-05

110

Airtech elite Fan

 

A121

11-Mar-01

111

4 Drawer steel cabinet

 

 

 

112

40L Engel Fridge with Cover

 

A2

14-Oct-98

113

Oak Desk, 3 drawer

 

A2

21-Apr-05

114

3 x Burglar bars - Design Office

 

A21

11-Aug-08

115

2 x Burglar bars - WF6

 

A26

15-Jul-08

116

1 x Burglar bars - Mossie

 

A28

15-Jul-08

117

1 x Burglar bar - Compressor room

 

A29

11-Aug-08

118

1 x Burglar bar - Magda lab

 

A31

11-Aug-08

119

Sluitkas

 

A34

29-Aug-08

120

1 x Burglar bars - Petro

 

A38

15-Jul-08

121

Oak Desk 1.2

 

A49

13-Apr-05

122

Oak Desk, 3 drawer

 

A49

25-Oct-07

123

Small Ivory cupboard on Wheels

 

A50

05-Dec-06

124

White Board & easel

 

Adriaan

05-Dec-06

125

5 Tier Bookcase

 

Adriaan

13-Apr-05

126

Low back swivvle chairs

 

Adriaan

08-Jun-05

127

Meeting chair

 

Adriaan

29-Oct-98

128

12 x Blue Saver arm Chairs

 

Alpha - B/room

21-Apr-05

129

Steel filing cabinets

 

Alpha - Chemicals

19-Nov-99

130

2 x Blue Saver arm Chairs

 

Alpha - Control

21-Apr-05

131

Steel Table

 

Alpha - Control

25-Oct-07

   

Company Pledge and Cession in Security

DLA Piper | 21

      

 
 

 

132

Folding metal table

 

Canteen

-

133

Steel filing cabinets

 

Alpha - Mainten

19-Nov-99

134

Steel filing cabinets

 

Alpha - Manager

19-Nov-99

135

Steel Table

 

Alpha - Sup

25-Oct-07

136

Steel Table

 

Alpha - Sup

25-Oct-07

137

Steel filing cabinets

 

Alpha - Sup

19-Nov-99

138

Low back swivvle chair

 

Alpha - Sup

08-Jun-05

139

Oak barrel shape conference Table

 

Alpha Plant

25-Oct-07

140

Bambino Desk

 

Andrew

13-Jul-06

141

High back chair

 

Andrew

13-Jul-06

142

Oak Desk, 2 drawer

 

Annelore

25-Oct-07

143

Iconcept IP LAN Desktop phones

 

Annelore

26-Feb-08

144

High back chair

 

Bernhard

22-Oct-01

145

Stell work desk, 2 drawer

 

Bernhard

29-Oct-98

146

2 x Swivel chairs

 

Bill

08-Jun-05

147

Under counter Fridge

 

Boardroom

05-Dec-06

148

Boardroom Painting (Agave)

 

Boardroom

16-Sep-08

149

3 x Boardroom Paintings (Grass)

 

Boardroom

16-Sep-08

150

Acer Projector

 

Boardroom

16-Sep-08

151

Boardroom blinds

 

Boardroom

02-Oct-08

152

2 x Boardroom plants and pots

 

Boardroom

16-Oct-08

153

Boardroom green vase

 

Boardroom

16-Oct-08

154

Boardroom Kenya Bowl

 

Boardroom

16-Oct-08

155

Boardroom 3 drawer server table

 

Boardroom

16-Oct-08

156

Boardroom Round bowl

 

Boardroom

21-Oct-08

157

Boardroom electric screen

 

Boardroom

21-Oct-08

158

Boardroom Ceiling box

 

Boardroom

21-Oct-08

159

Boardroom Glass whiteboard

 

Boardroom

21-Oct-08

160

Barrel shape Boardroom Table

 

Boardroom

22-Oct-08

161

13 x Boardroom high back chairs

 

Boardroom

22-Oct-08

162

2 x Power brackets

 

Boardroom

22-Oct-08

163

Boardroom Cladding

 

Boardroom

22-Oct-08

164

Wooden Desk with 3 Drawer

 

Boardroom/Store

05-Dec-06

165

Oak coffee table

 

Boardroom/Store

13-Apr-05

166

Wooden work Desk

 

Boardroom/Store

29-Oct-98

167

Wooden coffee table

 

Boardroom/Store

29-Oct-98

 

Company Pledge and Cession in Security

DLA Piper | 22

    

 
 

 

168

High back chair

 

Bradley

01-Mar-07

169

High back chair

 

Chris

05-Dec-06

170

Meeting chair

 

Chris

05-Dec-06

171

Guillotine

 

Chris

05-Dec-06

172

Waste paper bin - Steel

 

Chris

05-Dec-06

173

Wooden work Desk

 

Chris

29-Oct-98

174

High back chair

 

Christo

19-Nov-99

175

L-Shape oak Desk

 

Christo

08-Jan-01

176

H/B Blue saver chair

 

Daleen

18-May-05

177

High back chairs

 

Daleen

08-Jul-99

178

2 Door steel Stationery Cabinet

 

Daleen

17-Aug-98

179

High back chair

 

Etienne

10-Oct-06

180

Formline Desk

 

Etienne

10-Oct-06

181

Low back swivvle chairs

 

Etienne

08-Jun-05

182

Oak work desk

 

Etienne

03-Jun-98

183

Desk

 

Francois B

31-Jul-02

184

2 Drawer

 

Francois B

02-Aug-02

185

High back chair

 

Francois B

25-Apr-07

186

4 Drawer Filing Cabinet

 

Francois B

10-Jan-08

187

Wooden cabinet

 

Francois B

29-Oct-98

188

Oak Desk 1.5

 

Francois de V

13-Apr-05

189

Oak Desk, 3 drawer

 

Francois de V

25-Oct-07

190

Low back swivvle chairs

 

Francois de V

08-Jun-05

191

Ivory Table on Wheels

 

Francois de V

05-Dec-06

192

Meeting chair

 

Francois de V

08-Feb-05

193

Palisade with double gate

 

Gas store

15-Jul-08

194

1 x Kocom hidden security cameras

 

Gr floor

08-Aug-08

195

Lab security gate double

 

Gr floor

15-Jul-08

196

Double Security door with plate

 

Gr floor

15-Jul-08

197

2 x Fingerprint readers with power supplies

 

Gr floor

15-Jul-08

198

2 x Magnetic locks with cables

 

Gr floor

15-Jul-08

199

3 x Smoke detectors

 

Gr floor

08-Aug-08

200

5 x Alarm passives

 

Gr floor

08-Aug-08

201

4 x Kocom security cameras

 

Gr floor

08-Aug-08

202

Gate in passage at SA coal exit

 

Gr floor - Eng

11-Aug-08

203

Waterdispenser - Ground

 

Gr floor - Japie

05-Dec-08

 

Company Pledge and Cession in Security

DLA Piper | 23

    

 
 

 

204

Nokia 6300 cellphones

 

Hendrik S

15-May-08

205

Blue Saver arm Chair

 

Hendrik S

13-Apr-05

206

2 x Low back swivvle chairs

 

Hendrik vd M

08-Jun-05

207

Waste paper bin - Steel

 

Hendrik vd M

05-Dec-06

208

Wooden work Desk

 

Hendrik vd M

29-Oct-98

209

1 x Blue Saver arm Chairs

 

Japie

21-Apr-05

210

Meeting chair

 

Japie

08-Feb-05

211

Meeting chair

 

Japie

08-Jun-05

212

H/B Blue saver chair

 

Jenny

21-Apr-05

213

Microwave oven

 

Kitchen

21-Oct-99

214

Tea Cupboard

 

Kitchen

05-Dec-06

215

2 x Tearoom tables (Big)

 

Kitchen

30-Sep-02

216

2 x Tearoom tables (Small)

 

Kitchen

30-Sep-02

217

15 x Tearoom chairs

 

Kitchen

30-Sep-02

218

Round meeting Table

 

Klaus

05-Dec-06

219

Fixed Chairs (X3)

 

Klaus

05-Dec-06

220

2 x Draughtman chair

 

Kloppies Lab

15-Sep-08

221

Oak Desk, 3 drawer

 

Magda

21-Apr-05

222

High back chair

 

Magda

05-Dec-06

223

Meeting chair

 

Magda

08-Feb-05

224

Low back swivvle chairs

 

Magda Lab

16-Nov-01

225

2 x Kocom outdoor security cameras

 

Outside

08-Aug-08

226

High back chair

 

Petro

22-Oct-01

227

Non Magnetic Board

 

Petro

22-Jul-08

228

3 Tier Bookcase

 

Petro

26-Apr-05

229

Safe

 

Petro

05-Dec-06

230

3 Drawers pedestal

 

Petro

13-Apr-05

231

Meeting chair

 

Petro

08-Feb-05

232

2 Door steel Stationery Cabinet

 

Petro

17-Aug-98

233

Wooden work Desk

 

Petro

29-Oct-98

234

Under counter chair

 

Pieter

08-Jun-05

235

Swivel chair

 

Pieter

08-Jun-05

236

2 x Meeting chairs

 

Pieter

29-Oct-98

237

Wooden work Desk

 

Pieter

29-Oct-98

238

Reception images - Cobbles

 

Reception

11-Aug-08

239

2 x Reception images - Leaves

 

Reception

11-Aug-08

240

Reception blinds

 

Reception

12-Aug-08

    

Company Pledge and Cession in Security

DLA Piper | 24

    

 
 

 

241

Reception Glass sign

 

Reception

15-Aug-08

242

Reception red Pot

 

Reception

29-Aug-08

243

Reception plant

 

Reception

29-Aug-08

244

Reception unit

 

Reception

02-Sep-08

245

Wedge medium back chair, no arms

 

Reception

02-Sep-08

246

Double seater verde couch

 

Reception

02-Sep-08

247

Single seater verde couch

 

Reception

02-Sep-08

248

Coffee Table

 

Reception

02-Sep-08

249

Corner Table

 

Reception

02-Sep-08

250

Reception Pigeon hole unit

 

Reception

22-Oct-08

251

Steel key holder

 

Reception

22-May-08

252

2 x Extra lighting

 

Reception

28-Aug-08

253

Oak Desk, 2 drawer

 

Rob

21-Apr-05

254

High back chair

 

Rob

05-Dec-06

255

Waste paper bin - Steel

 

Rob

05-Dec-06

256

4 Drawer steel Filing Cabinet

 

Serverroom

19-Dec-05

257

Grandstream 4 port SIP Gateway

 

Serverroom

26-Mar-08

258

PCI - express card 8 lines

 

Serverroom

05-May-08

259

Alarm control unit (computer)

 

Serverroom

15-Jul-08

260

4 Drawer steel cabinet

 

Serverroom

28-Aug-08

261

16 Channel CCTV card

 

Serverroom

08-Aug-08

262

Server room shelves

 

Serverroom

02-Dec-08

263

Double door steel cabinets

 

Vyfster

28-Aug-08

264

1 x Boardroom high back chairs

 

Willemien

22-Oct-08

265

Kobra Shredder

 

Willie

04-Jul-08

266

3 x Low back swivvle chairs

 

Willie

08-Jun-05

267

High back chair

 

Francois de V

20-Jul-09

268

Waterdispenser - Management

 

 

31-Jul-09

269

2 Drawer Oak Desk

 

 

03-Sep-09

270

High back chair

 

 

07-Sep-09

271

Oak Credenza

 

 

02-Oct-09

272

32 x Alu Chairs with no arms

 

Canteen

19-Nov-09

273

8 x Alu Tables

 

Canteen

19-Nov-09

274

Siemens 3550 Control Unit

 

 

09-Mar-10

275

Siemens Switchboard

 

Debbie

09-Mar-10

276

Siemens Switchboard

 

Debbie

09-Mar-10

   

Company Pledge and Cession in Security

DLA Piper | 25

    

 
 

 

277

40 x Siemens Handsets

 

 

09-Mar-10

278

L-shape grey work desk, 3 drawer

KLY/FE/0123

Kobus

 

279

2 Door copboard with adjust shelves

KLY/FE/0124

Kobus

08-Sep-06

280

Bent oak visitors arm chair

KLY/FE/0125

Kobus

13-Sep-06

281

5 Tier bookcase

KLY/FE/0126

Kobus

12-Mar-07

282

High back chair

 

Annelore

13-Sep-06

283

Oak work desk, 2 drawer

 

Daleen

 

284

Typist chair

 

Daleen

 

285

Bent oak visitors arm chair

 

Francois de V

13-Sep-06

286

High back leather chair

 

Hendrik S

 

287

4 Drawer filing cabinet

 

Hendrik S

08-Sep-06

288

2 Door copboard with adjust shelves

 

Hendrik S

08-Sep-06

289

L-shape Cluster desk, 4 drawer

 

Hendrik S

12-Mar-07

290

Credenza sliding door

 

Hendrik S

12-Mar-07

291

L-shape grey work desk, 3 drawer

 

Japie

 

292

High back leather chair

 

Japie

 

293

2 x Stacker meeting chairs

 

Japie

 

294

4 Drawer filing cabinet

 

Japie

08-Sep-06

295

Round meeting table

 

Japie

08-Sep-06

296

Bent oak visitors arm chair

 

Japie

13-Sep-06

297

4 Tier bookcase

 

Japie

13-Sep-06

298

Oak work desk, 2 drawer

 

Jenny

 

299

L-shape grey work desk, 3 drawer

 

Malan

 

300

High back leather chair

 

Malan

 

301

2 x Stacker meeting chairs

 

Malan

 

302

4 Drawer filing cabinet

 

Malan

08-Sep-06

303

2 Door copboard with adjust shelves

 

Malan

08-Sep-06

304

Round meeting table

 

Malan

08-Sep-06

305

4 Tier bookcase

 

Malan

13-Sep-06

306

High back leather chair

 

Willemien

 

307

L-shape Cluster desk, 4 drawer

 

Willemien

12-Mar-07

308

Credenza sliding door

 

Willemien

12-Mar-07

309

5 Tier bookcase

 

Willemien

12-Mar-07

310

3GHz Core 2 Duo Workstations

 

 

27-Oct-09

311

Benchwork Two Way

Same

Finance

10-Jan-17

312

Global Desk Top

Same

Finance

10-Jan-17

313

Global Mo Ped

Same

Finance

10-Jan-17

314

4 x Operator Chairs

 

Finance

10-Jan-17

      

Company Pledge and Cession in Security

DLA Piper | 26

    

 
 

 

COMPUTER EQUIPMENT

DEPRECIATION RATE

33.33%

 

 

 

 

 

#

Asset Description

Asset Number

Location

Date

 

 

 

 

1

Benq 19" monitor

KLY/CE/0001

A161/Stephan

25-Apr-08

2

Acer Travelmate notebook & MS Office S/B

KLY/CE/0002

A161/Stephan

25-Mar-09

3

Acer Travelmate notebook & MS Office S/B

KLY/CE/0003

A164/Einar

25-Apr-08

4

HP Colour Laserjet Printer CP1215

KLY/CE/0004

A164/Einar

19-Jan-09

5

BenQ LCD Screen

KLY/CE/0005

A160/Debbie

10-Jan-07

6

Pentium & MS Office S/B

KLY/CE/0006

A160/Debbie

18-Jan-07

7

BenQ Multifunction CM3000

KLY/CE/0007

A160/Debbie

-

8

HP 1000 Laserjet Printer

KLY/CE/0008

A159/Le Roux

24-Oct-01

9

Acer Travelmate notebook & MS Office S/B

KLY/CE/0009

A159/Le Roux

27-Jun-08

10

Benq 19" monitor

KLY/CE/0010

A159/Le Roux

27-Jun-08

11

Dell Desktop PC

KLY/CE/0011

A19

06-Jul-06

12

HP Laserjet Printer P1005

KLY/CE/0012

A133/Cornel

26-Sep-08

13

Black Tower PC

KLY/CE/0013

A38/Bernhard

28-Dec-07

14

Benq 19" monitor

KLY/CE/0014

A35/TOF

02-Dec-08

15

Benq 19" monitor

KLY/CE/0015

A121/Michelle

03-Dec-08

16

Intel pentium computer & MS Office S/B

KLY/CE/0016

A147/Ben

03-Dec-08

17

Benq 19" monitor

KLY/CE/0017

A121/Meisie

03-Dec-08

18

Intel pentium computer

KLY/CE/0018

A114/Serverroom

03-Dec-08

19

LG Notebook

KLY/CE/0020

A35/Hendrik K

08-Dec-04

20

Acer Travelmate notebook

KLY/CE/0021

A114/Serverroom

25-Aug-08

21

Beidge Tower PC & MS Office S/B

KLY/CE/0023

A38/Petro

22-Jun-07

22

Black 17" CRT Monitor

KLY/CE/0024

A114/Serverroom

03-Jan-08

23

Beidge Tower PC

KLY/CE/0025

A133/Cornel

17-Jan-01

24

Seagate 1TB Hard Drive

KLY/CE/0026

A133/Cornel

25-Mar-09

    

Company Pledge and Cession in Security

DLA Piper | 27

    

 
 

 

25

LG Pentium Notebook

KLY/CE/0027

A114/Serverroom

12-May-05

26

HP Colour Laserjet Printer 2700

KLY/CE/0028

A114/Serverroom

15-Oct-07

27

Computer for voice over IP PABX

KLY/CE/0029

A114/Serverroom

25-Feb-08

28

Rack Mountable Server - Domain

KLY/CE/0030

A114/Serverroom

28-Mar-08

29

File Server

KLY/CE/0031

A114/Serverroom

09-Apr-08

30

Server Cabinet

KLY/CE/0032

A114/Serverroom

10-Apr-08

31

UPS for server

KLY/CE/0033

A114/Serverroom

23-Apr-08

32

48-port Stackable smart switch

KLY/CE/0034

A114/Serverroom

30-May-08

33

ADSL modem

KLY/CE/0035

A114/Serverroom

16-Oct-08

34

ADSL modem

KLY/CE/0036

A114/Serverroom

16-Oct-08

35

Seagate Freeagent external hard drive

KLY/CE/0037

A114/Serverroom

04-Nov-08

36

Seagate Freeagent external hard drive

KLY/CE/0038

A114/Serverroom

04-Nov-08

37

Seagate Freeagent external hard drive

KLY/CE/0039

Safe Room

04-Nov-08

38

Seagate Freeagent external hard drive

KLY/CE/0040

Safe Room

04-Nov-08

39

HP Colour Laserjet Printer CP1515n

KLY/CE/0041

A26/Willlie/Brad

09-Dec-08

 

 

 

 

1

Pentium III PC

 

A114/Serverroom

17-Jan-01

2

HP Laserjet 5550 printer

 

A114/Serverroom

05-May-98

3

HP Laserjet 3 in 1 printer

 

A114/Serverroom

06-Jun-08

4

Benq 19" monitor

 

A35/Annelore

25-Apr-08

5

Acer Travelmate notebook & MS office

 

A35/Annelore

28-Nov-08

6

Black Tower PC

 

A38/Bernhard

22-Jun-07

7

Fujitsu Siemens Laptop & MS Office S/B

 

A28/Bill

27-Mar-08

8

48-port Stackable smart switch

 

Boardroom

30-May-08

9

Pentium & MS Windows XP

 

A26/Bradley

22-Jun-07

10

Benq 19" monitor

 

A26/Willie

28-Aug-08

11

MS Office small business

 

Carl

05-Dec-08

12

HP Designjet 1220C

 

A19

14-Oct-98

13

HP Tower PC & MS XP Professional

 

A19

29-Apr-08

14

Mecer Travel Notebook

 

A114/Serverroom

05-May-05

15

Pentium

 

A114/Serverroom

28-Jul-06

16

Acer Travelmate notebook & MS office

 

A40/Francois de V

16-Oct-08

17

Benq 20" monitor

 

A40/Francois de V

27-Nov-08

      

Company Pledge and Cession in Security

DLA Piper | 28

    

 
 

 

18

Compressor analyse computer

 

A40/Francois de V

27-Nov-08

19

Acer Travelmate notebook

 

A47/Hendrik S

25-Apr-08

20

Benq 22" monitor

 

A47/Hendrik S

05-Nov-08

21

Acer Travelmate notebook & MS office

 

A46/Japie

06-Jun-08

22

LG Pentium Notebook

 

Bradley Huis

28-Jun-02

 

 

 

 

1

Benq 18.5" LCD monitor

 

A147/Ben

10-Dec-08

 

 

 

 

1

Mecer Notebook

 

A144/Rob

15-Jul-02

2

HP Colour Laserjet Printer 1600

 

A114/Serverroom

21-Aug-06

3

Astaro 220 Unit Upgrade

 

A114/Serverroom

12-May-09

4

BenQ 24" LCD Monitor

 

NECSA/Christo

12-May-09

5

Seagate External free agent 1.5TB

 

Vyfster

18-May-09

6

Seagate External free agent 1.5TB

 

Vyfster

18-May-09

7

Seagate Barracuda 7200.11

 

Vyfster

18-May-09

8

Seagate Barracuda 7200.11

 

Vyfster

18-May-09

9

Kingston 2GB 400MHz DDR

 

Vyfster

18-May-09

10

Intel NICS Desktop Single Pack Adaptor

 

Vyfster

18-May-09

11

ProSafe 24 Port Smart Gigabit Switch

 

Vyfster

18-May-09

12

Eaton Ellipse ASR 1000 USBS IEC

 

Vyfster

18-May-09

13

Precision T3500

 

A40/Francois de V

26-May-09

14

BenQ 18.5" LCD Monitor

 

A26/Willlie/Brad

02-Jun-09

15

Silver GigaByte Tower PC

 

A38/Bernhard

07-Jul-09

16

Pentium Computer

 

A35

20-Jun-05

17

Pentium Computer

 

A133/Cornel

27-Feb-06

18

Pentium Computer

 

A35

27-Feb-06

19

Black Tower PC

 

A28/Bill

20

Silver GigaByte Tower PC

 

A133/Cornel

01-Mar-07

21

Benq 19" monitor

 

A28/Bill

06-Mar-07

22

Silver GigaByte Tower PC

 

A121/Meisie

23

Computer

 

Boor

12-Jun-07

24

ViewSonic 17" Wide LCD Monitor

 

A28

10-Jun-05

25

Core Computer & 19" Monitor

 

A35/GC Analytical

08-Sep-06

26

LG Notebook

 

A127/Klaus

27-Jan-05

    

Company Pledge and Cession in Security

DLA Piper | 29

    

 
 

 

27

Silver GigaByte Tower PC

 

A121/Michelle

01-Mar-07

28

Benq 19" monitor

 

A38/Bernhard

06-Mar-07

29

Notebook

KLY/CE/0042

Kobus

16-Mar-06

30

Beidge Tower PC & MS Office S/B

 

A143/Adel

01-Mar-07

31

Pentium Computer

 

A114/Serverroom

12-Jun-05

32

Computer

 

A114/Serverroom

12-Jun-07

33

Computer

 

A28/Petro

01-Mar-07

34

17" LCD Monitor

 

A28/Petro

07-Mar-07

35

Computer

 

Pieter

12-Jun-07

36

Mercer Notebook

 

A114/Serverroom

07-Mar-07

37

Pentium Computer

 

Willemien

29-Jul-05

38

19" Screen

 

Lourens

01-Apr-08

39

4-Bay GigaBit Desktop Network

 

 

02-Sep-11

40

PC Box

 

Analytical Lab

02-Feb-12

106

WIRELESS MOBILE 4000

 

Lab

28-Sep-12

107

WIRELESS MOBILE 4000

 

Lab

28-Sep-12

108

Acer Notebook

 

Bernard

28-Feb-13

109

Samsung 23" LED 1920x1080 MEG

 

Carl Ronander

28-Feb-13

110

G500 15.6" I% 2.604GB 1.00TB DVD

KLY/CE/0043

Kim Strydom

06-Dec-13

111

EnGenius EA P300 Ceiling AP, 300MPBS

KLY/CE/0044

 

03-May-13

112

L IPS 23.0" 1920x1080 MEG

KLY/CE/0045

 

113

 

KLY/CE/0046

 

19-Feb-16

114

Mecer PC Kim and Arlene

KLY/CE/0047

 

19-Feb-16

115

 

KLY/CE/0048

 

03-Mar-16

116

Lenova E5180

KLY/CE/0049

 

30-May-16

117

Mecer 21.5" 16x9 LED Monitos

KLY/CE/0050

 

09-Jun-16

118

Lenova E5180

KLY/CE/0051

 

01-Jun-16

119

Microsoft Wireless Mouse

KLY/CE/0052

 

01-Jun-16

120

Lenova E5180B008OSA

KLY/CE/0053

 

06-Jun-16

121

Toshiba Satellite C650-14F

KLY/CE/0054

 

05-Sep-16

122

NX. ACER TMP 259

KLY/CE/0055

 

09-Jan-17

123

DDR 11 RAM

KLY/CE/0056

 

02-Feb-17

124

Payroll PC Unit

KLY/CE/0057

 

01-Feb-17

      

Company Pledge and Cession in Security

DLA Piper | 30

    

 
 

 

LABORATORY EQUIPMENT

DEPRECIATION RATE

20.00%

 

 

 

 

#

Asset Description

Asset Number

Location

 

 

 

 

1

Vacuum Pump

KLY/LE/0001

A126

2

Nd:YAG Laser

KLY/LE/0002

A143

3

Gas Cylinder - Carbon Storage

KLY/LE/0003

A148

4

PC for Infrared Spectrometer (FTIR)

KLY/LE/0004

Ben - WF6

5

Infrared Spectrometer (FTIR)

KLY/LE/0005

Ben - WF6

6

Le Croy Oscilloscope

KLY/LE/0006

Bill - ASP

7

Mass Spectro Meter - CIS 300

KLY/LE/0007

Kloppies - Lab

8

TOF Mass Spectrometer

KLY/LE/0008

Kloppies - Lab

9

SRI GC

KLY/LE/0009

Kloppies - Lab

10

SRS RGA

KLY/LE/0010

Kloppies - Lab

11

Set Gauge Pins in wooden box

KLY/LE/0011

Magda - Lab

12

Set 0.1-0.3 x 0.01 Measuring pins

KLY/LE/0012

Magda - Lab

13

Compressor 191

KLY/LE/0013

Mossie Test Bench

14

JM528 Drill EDM Hole

KLY/LE/0014

Pieter

15

Arc welding machine

KLY/LE/0015

Vyfster

16

Helium Leak Detector

KLY/LE/0016

Vyfster

17

Gas Cylinders - Carbon Storage

KLY/LE/0017

Werner

18

Compressor 590

KLY/LE/0018

WF6 Test Bench

19

Oscilloscope

KLY/LE/0019

WF6 Test Bench

20

Belt Sander

KLY/LE/0020

A126

21

Vacuum Pump

KLY/LE/0021

A126

22

Electron beam Welder

KLY/LE/0022

Xanadu Plot

23

Vacuum Oven

KLY/LE/0023

A126

24

Molectron Head

KLY/LE/0024

Kloppies - Lab

25

Cryogenrator with Bohwin Cryofan

KLY/LE/0025

46

26

WT 2000PVW Manual Loading System Micro PCD

KLY/LE/0026

46

27

Basic Unit MA 10 Tungsten Emission System Zeiss - SEM

KLY/LE/0027

46

28

Two Inch DLI-CVD Reactor MC050 3 x 400V+N ( Coater Anneal Systems)

KlY/LE/0028

46

  

Company Pledge and Cession in Security

DLA Piper | 31

    

 
 

 

Signature pages

 

Signed for and on behalf of the behalf of

ASP ISOTOPES SOUTH AFRICA PROPRIETARY LIMITED

by:

 

Signature

 

 

 

 

 

 

Name (block capitals)

 

 

 

 

 

 

 

Dated

 

 

Signed for and on behalf of the behalf of

KLYDON PROPRIETARY LIMITED

by:

 

Signature

 

 

 

 

 

 

Name (block capitals)

 

 

 

 

 

 

 

Dated

 

 

Company Pledge and Cession in Security

DLA Piper | 32