Issuance Letter for 49% Share Transfer in Moxisign (PTY) Ltd to Hestifor (PTY) Ltd

Summary

This letter from Richard Cassim & Associates confirms that, under a prior memorandum of understanding, 49% of the authorized and issued shares in Moxisign (PTY) Ltd will be issued to Hestifor (PTY) Ltd, making Hestifor a shareholder. The letter requests that the share certificate reflecting this ownership be sent to the attorney's office. Richard Cassim acts as the attorney and agent for Hestifor in this transaction.

EX-10.7 3 ex10-7.txt ISSUANCE LETTER Exhibit 10.7 [LETTERHEAD OF RICHARD CASSIM & ASSOCIATES] Date: 24 December 2010 Our Ref: R Cassim Your Ref: Dr Lisa Ramakrishnan Dear Sir, ISSUE OF SHARES: MOXISIGN (PTY) LIMITED We confirm that in that in terms of the memorandum of understanding dated the 7 July 2010, you may now advise your auditors to proceed to issue 49% (forty nine percent) of the authorized and issued shares in Moxisign (PTY) Ltd ("Moxisign") to Hestifor (Pty) limited ("Hestifor"). I hereby confirm I am the attorney of record and agent for service for Hestifor, the now confirmed BEE shareholder of Moxisign. Once issued, would you kindly have the Hestifor share certificate confirming the 49% shareholding in Moxisign shares sent to my office. Should you have any queries, please do not hesitate contacting the writer. Yours truly, Richard Cassim & Associates /s/ R Cassim - -------------------------- Per: R Cassim