<SEC-DOCUMENT>0000746598-21-000070.txt : 20210526
<SEC-HEADER>0000746598-21-000070.hdr.sgml : 20210526
<ACCEPTANCE-DATETIME>20210526104037
ACCESSION NUMBER:		0000746598-21-000070
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20210521
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210526
DATE AS OF CHANGE:		20210526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRADY CORP
		CENTRAL INDEX KEY:			0000746598
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
		IRS NUMBER:				390178960
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14959
		FILM NUMBER:		21963526

	BUSINESS ADDRESS:	
		STREET 1:		6555 W GOOD HOPE RD
		STREET 2:		P O BOX 571
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53201-0571
		BUSINESS PHONE:		4143586600

	MAIL ADDRESS:	
		STREET 1:		6555 GOOD HOPE RD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53223

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRADY W H CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>brc-20210521.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2021 Workiva--><!--r:1a285189-5d6e-4beb-beb1-7762d71391eb,g:a070751e-2e21-4591-ba0d-b6439b29fb7a,d:d012640f389c402caf747cdf34d77616--><html xmlns:xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/1999/xhtml" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>brc-20210521</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl80L2ZyYWc6MmMyY2MwODMxZDhmNGY3ZGJmNzkwMzZhNmJkMGM1ZTcvdGFibGU6Y2E0Y2QwOWE1NmQxNGJjZWEzODU0MDMxM2FlMDdlNjEvdGFibGVyYW5nZTpjYTRjZDA5YTU2ZDE0YmNlYTM4NTQwMzEzYWUwN2U2MV8yLTEtMS0xLTA_3d42c9a6-7a3e-4ab8-96c9-1011f73ba853">0000746598</ix:nonNumeric><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl80L2ZyYWc6MmMyY2MwODMxZDhmNGY3ZGJmNzkwMzZhNmJkMGM1ZTcvdGFibGU6Y2E0Y2QwOWE1NmQxNGJjZWEzODU0MDMxM2FlMDdlNjEvdGFibGVyYW5nZTpjYTRjZDA5YTU2ZDE0YmNlYTM4NTQwMzEzYWUwN2U2MV8zLTEtMS0xLTA_47d990dd-e737-450e-baf9-ee708053307b">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="brc-20210521.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="iaae60f49888d4586973796afbc58e322_D20210521-20210521"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000746598</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-05-21</xbrli:startDate><xbrli:endDate>2021-05-21</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="id012640f389c402caf747cdf34d77616_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:11pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjE4_93155969-09b9-4b4a-86b5-006f84d6910f">8-K</ix:nonNumeric></span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:11pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 or 15(d) of the</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Securities Exchange Act of 1934</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Date of Report (Date of earliest event reported): </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8yMjU_7e719f33-3342-4e85-be36-c78115529126">May 21, 2021</ix:nonNumeric> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:17pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI2_dbff2a5f-071e-4268-8a12-cff7207e1962">BRADY CORP</ix:nonNumeric>ORATION</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Commission File Number  <ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjE5_0284bd67-0b47-4a2e-8ccd-c10e053fc08d">1-14959</ix:nonNumeric> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:47.948%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.924%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDFhM2E2YTU4OTcwNDYyZjk3MTBkY2UwOWNiYWM1NDYvdGFibGVyYW5nZTo0MWEzYTZhNTg5NzA0NjJmOTcxMGRjZTA5Y2JhYzU0Nl8xLTAtMS0xLTA_83deb480-9a95-4c13-92b4-32c6e29726d5">Wisconsin</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDFhM2E2YTU4OTcwNDYyZjk3MTBkY2UwOWNiYWM1NDYvdGFibGVyYW5nZTo0MWEzYTZhNTg5NzA0NjJmOTcxMGRjZTA5Y2JhYzU0Nl8xLTItMS0xLTA_069074bd-c7d7-48b7-8531-8bc5d1a96e94">39-0971239</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(State or other jurisdiction of incorporation or organization)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(IRS Employer Identification No.)</span></td></tr></table></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIx_401c9d89-205d-4e95-8637-a9555b5bedb9">6555 West Good Hope Road</ix:nonNumeric></span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIy_b6930147-9ffb-42ca-8e7e-9077bc00fd74">Milwaukee</ix:nonNumeric>, <ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIz_266b39a8-4aac-48e2-8881-f6d08f5b5e64">Wisconsin</ix:nonNumeric> <ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8zODQ_00998c7c-44f0-4dec-b119-409b12fa056e">53223</ix:nonNumeric></span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Address of principal executive offices and Zip Code)</span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl80NDI_21156485-82a0-4162-add9-7caa4ba68199">414</ix:nonNumeric>) <ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI0_9b582d27-242a-408f-bafe-eed61f5e02f5">358-6600</ix:nonNumeric> </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Registrant&#8217;s Telephone Number)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:11pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.747%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:booleanfalse" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl8wLTAtMS0xLTA_4b595b0e-202c-4911-8a4f-d6ef8c08fc40">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:booleanfalse" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl8yLTAtMS0xLTA_1d7fa315-9c7a-42ac-ad9e-b8ed6b2269f1">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl80LTAtMS0xLTA_74dc5d84-85fe-43b5-b05c-0524f4f5170a">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl82LTAtMS0xLTA_d4d5ff56-5ee3-486f-a480-a33dce2cab9f">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:53.458%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.490%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Trading <br/>Symbol</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTAtMS0xLTA_e0877671-9f90-4de0-998d-b089597aa65d">Class A Nonvoting Common Stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTEtMS0xLTA_74ebc15a-40b2-4935-8460-135a10645761">BRC</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTItMS0xLTA_f6fdd416-3db5-4f62-8cfd-073809c6e3c7">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 or the Securities Exchange Act of 1934 (17 CFR 240.12b-2).</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI1_80eeda7a-cdf8-421e-95b7-961460de85a7">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#9744; </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="id012640f389c402caf747cdf34d77616_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:7.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.129%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item 1.01</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</span></td></tr></table></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On May 21, 2021, Brady Corporation Asia PTE., LTD, a wholly-owned subsidiary of Brady Corporation (the &#8220;Company&#8221;), entered into an Agreement for the Sale and Purchase of the Entire Issued Share Capital of Magicard Holdings Limited (the &#8220;Purchase Agreement&#8221;) with LDC Limited and the other institutional and individual holders of outstanding shares of Magicard.  Pursuant to the Purchase Agreement, the Company purchased all of the outstanding shares of Magicard Holdings Limited (&#8220;Magicard&#8221;), and the closing of this transaction pursuant to the Purchase Agreement also occurred on May 21, 2021 (the &#8220;Closing&#8221;).</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The total purchase price paid by the Company of approximately GBP 42 million (approximately USD 59 million) was inclusive of indebtedness of Magicard that was re-paid at Closing. The Purchase Agreement provides for certain indemnification rights with respect to a breach of representation, warranty or covenant by either party. The Company financed the acquisition by using cash held outside the United States.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Purchase Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.  The summary of the material provisions of the Purchase Agreement set forth above is qualified in its entirety by reference to the Purchase Agreement.  The Company issued a press release on May 21, 2021 regarding the transaction, which is attached hereto as Exhibit 99.1.</span></div><div><span><br/></span></div><div><span><br/></span></div><div id="id012640f389c402caf747cdf34d77616_173"></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:7.525%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.275%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item 5.02 (b)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</span></div></td></tr></table></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 21, 2021, Conrad G. Goodkind, a member and Chairman of the Board of Directors (the &#8220;Board&#8221;) of the Company, announced that he retired from the Board effective that day. The Board elected current director Bradley C. Richardson to replace Mr. Goodkind as Chairman effective immediately following Mr. Goodkind's retirement.</span></div><div><span><br/></span></div><div><span><br/></span></div><div id="id012640f389c402caf747cdf34d77616_10"></div><div style="-sec-extract:summary"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:7.525%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.275%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item 9.01</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FINANCIAL STATEMENTS AND EXHIBITS</span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)  Exhibits</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:9.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EXHIBIT NUMBER</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">DESCRIPTION</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit21agreementforpurch.htm">Purchase Agreement, dated as of May 21, 2021, by and among Brady Corporation and LDC Limited and the other institutional and individual holders of outstanding shares of Magicard Holdings Limited.</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Schedules and exhibits to this document are not being filed herewith pursuant to Item 601(b)(2) of Regulation S-K.*</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.1</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">Press Release of Brady Corporation, dated </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">May 21</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">, 2021, announcing </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">the acquisition of Magicard </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">Holdings </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">Limited</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991pressrelease0521.htm">.</a></span></div></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within Inline XBRL document).</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">* The registrant agrees to furnish a copy of any such schedule or exhibit to the Securities and Exchange Commission upon request.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="id012640f389c402caf747cdf34d77616_13"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:14pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SIGNATURE</span></div><div style="margin-top:14pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.268%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BRADY CORPORATION</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: May 26, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ AARON J. PEARCE</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Aaron J. Pearce</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer and Treasurer</span></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>exhibit21agreementforpurch.htm
<DESCRIPTION>AGREEMENT FOR PURCHASE OF MAGICARD HOLDINGS LIMITED
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="idc4415f90b2d43dd905869723a4f93fe_33"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;text-decoration:underline">EXHIBIT 2.1</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">DATE&#58; 21 May 2021</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">AGREEMENT FOR THE SALE AND PURCHASE OF</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">THE ENTIRE ISSUED SHARE CAPITAL OF</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">MAGICARD HOLDINGS LIMITED </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Between</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:136%">(1) THE PARTIES LISTED IN PART 1 OF SCHEDULE 1</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:136%">(2) LDC (NOMINEES) LIMITED AS NOMINEE OF LDC V LP ACTING BY LDC</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:136%"> (MANAGERS) LIMITED AND OTHERS</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:136%">and</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:136%">(3) BRADY CORPORATION ASIA PTE. LTD.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.936%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">CMS Cameron McKenna Nabarro Olswang LLP</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Cannon Place</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">78 Cannon Street</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">London EC4N 6AF</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">T +44 20 7367 3000</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">F +44 20 7367 2000</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">cms.law</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1</font></div></div></div><div id="idc4415f90b2d43dd905869723a4f93fe_43"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">TABLE OF CONTENTS</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:94.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_56" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">1.          Definitions and Interpretation</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_56" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">3</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">2.          Agreement for Sale</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">11</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_87" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">3.          Consideration</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_87" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">12</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_131" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">4.          Completion</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_131" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">12</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_126" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">5.          Warranties</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_126" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">13</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_121" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">6.          Leakage</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_121" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">14</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_116" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">7.          Protection of Goodwill and Trade Secrets</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_116" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">14</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_111" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">8.          Payments</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_111" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">15</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_106" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">9.          Post-Completion</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_106" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">16</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_101" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">10.        Assignment</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_101" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">16</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_96" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">11.        Announcements and Confidentiality</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_96" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">17</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_153" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">12.        Company Records</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_153" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">18</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_148" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">13.        Representatives</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_148" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">19</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_143" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">14.        Notices</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_143" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">20</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_162" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">15.        General</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_162" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">21</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_169" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">16.        Signatures</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"><a href="#idc4415f90b2d43dd905869723a4f93fe_169" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:none">24</a></font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 1 Sellers&#8217; Shareholdings and Entitlements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 2 Details on the company and the subsidiaries</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 3 Obligations on Completion</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 4 Warranties</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 5 Properties</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 6 Limitations on Sellers&#8217; Liability</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Schedule 7 Seller&#8217;s Covenant Regarding Claims</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2</font></div></div></div><div id="idc4415f90b2d43dd905869723a4f93fe_175"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">THIS AGREEMENT </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">is made on 21 May 2021</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">BETWEEN&#58;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:23.18pt">THE SEVERAL PERSONS </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">whose respective names and addresses are set out in column (A) in part 1 of schedule 1 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Individual Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;)&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:23.18pt">THE SEVERAL PERSONS </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">whose respective names and addresses are set out in column (A) in part 2 of schedule 1 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Institutional Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;)&#59; and</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:23.18pt">BRADY CORPORATION ASIA PTE. LTD.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">, a company incorporated in Singapore (registered number 200410080M) whose registered office is at UOB Plaza, 80 Raffles Place, Postal 048624, #32-01, Singapore (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Buyer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">RECITALS&#58;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(A)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:20.74pt">The Company (as defined below) is a private company limited by shares. Further details about the Company are set out in part 1 of schedule 2.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(B)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:21.35pt">The Sellers wish to sell and the Buyer wishes to buy all of the issued share capital of the Company on and subject to the terms of this Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">IT IS AGREED AS FOLLOWS&#58;</font></div><div id="idc4415f90b2d43dd905869723a4f93fe_56"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">Definitions and Interpretation</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In this Agreement, the following words and expressions shall have the following meanings unless otherwise stated&#58;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">A1 Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 698,707 A1 ordinary shares of &#163;0.001 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">A2 Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 1,292,353 A2 ordinary shares of &#163;0.001 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounting Records</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means for each Group Company, its accounting records which record its transactions, assets and liabilities as required by section 386 of the Companies Act 2006 in respect of the Group Companies incorporated and registered in the United Kingdom, or equivalent in the relevant jurisdiction of registration&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounts</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the audited financial statements of each Group Company, including in the case of the Company its consolidated financial statements, for the financial year ended on the Accounts Date, comprising&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">in the case of the Company, a consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows, strategic report, directors&#8217; report, auditor&#8217;s report and notes&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">in the case of Magicard Ltd, a statement of comprehensive income, statement of financial position, statement of changes in equity, strategic report, directors&#8217; report, auditor&#8217;s report and notes&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">in the case of Magicard US, Inc, such parts of the consolidated financial statements of the Group as relate to Magicard US, Inc&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounts Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means 31 December 2020&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Anti-Bribery Laws</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means all Applicable Laws which relate to anti-bribery and&#47;or anti-corruption, including the Bribery Act 2010&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Applicable Law</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means all law (whether criminal, civil or administrative), common law, judgment, order, statute, code, regulation, directive (in so far as legally binding), treaty or instrument or other requirement of </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">any governmental authority so far as legally binding on each Group Company and in force at the date of this Agreement&#59;</font></div><div style="margin-top:6pt;padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Associate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any person who at any relevant time is connected with that person within the meaning of sections 1122 to 1124 Corporation Tax Act 2010&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Authority</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means any governmental, statutory or regulatory authority, agency, body or prosecutor (including any stock exchange or listing authority and any data protection supervisory authority)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">B Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 60,222 B ordinary shares of &#163;0.005 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Bank</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means NatWest Markets Plc&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Bank Debt</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the sum of &#163;6,443,988.87, being the aggregate amount outstanding under the Facilities Agreement as at the date of Completion, inclusive of all principal and interest outstanding and all other costs and charges of any nature such as termination or early repayment penalties as set out in the Bank Pay-Off Letter&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Bank Pay-Off Letter</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means a pay-off letter in the agreed form between the Company and the Bank setting out the mechanics for repayment of the Bank Debt&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Brady Deal Team</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means Wes Colombia, Scott Vuchetich, Andrew Gorman, Andrew Schmitt, John Hendricks and Jeff Haufschild&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Business</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">the business of designing, manufacturing, and selling identification card printers and consumables as carried on by each Group Company as at the date of this Agreement&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Business Day</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a day that is not a Saturday or Sunday or a public holiday in England or the United States&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Buyer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">s Group</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Buyer and its group undertakings at any relevant time&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Buyer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">s Solicitors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means Eversheds Sutherland (International) LLP of 1 Wood Street, London, EC2V 7WS&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">C Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 158,141 C ordinary shares of &#163;0.005 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">C1 Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 238,116 C1 ordinary shares of &#163;0.0025 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">C2 Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 84,903 C2 ordinary shares of &#163;0.005 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Canada Life Scheme</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means The Magicard Group Life Assurance Plan, the group life assurance arrangement with Canada Life Limited provided by Magicard Ltd and Magicard Holdings Limited&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Commercial Information</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means all information at any time belonging to, or under the control of, any Group Company which has at any time been used or intended to be used for the purpose of the Business (or any aspect of it), including information relating to&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">Know-How, trade secrets, ideas, computer systems and computer software of any Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">secret or confidential operations, processes or dealings of any Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">future products, business development or planning commercial relationships and negotiations of any Group Company&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">customer names and lists, sales targets and statistics of any Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means Magicard Holdings Limited, a private company limited by shares incorporated in England and Wales with registered number 10167498&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Completion</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means completion of the sale and purchase of all the issued shares in the capital of the Company in accordance with this Agreement&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Completion Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the date of this Agreement&#59;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Consideration</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the consideration for the sale of the Shares as stated in clause 3.1&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Contract</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any legally binding agreement or commitment&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Contractor</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any person whose services are or have been provided to any Group Company in the 12 months prior to the date of this Agreement (whether purportedly or substantially) as a self-employed contractor directly or indirectly through a personal service company, &#8220;umbrella&#8221; company or any employment business&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Covenantors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means Ian Cliffe, Simon Craddock, Debbie Clark, Gordon Hague, and, Andrew Cornelius&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">COVID-19</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means coronavirus (as that term is defined in section 1 Coronavirus Act 2020) and the disease which can be caused by coronavirus, as so defined&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">COVID-19 regulation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means Applicable Law and governmental guidance published in any relevant jurisdiction as a consequence of COVID-19&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">D Ordinary Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the 96,347 D ordinary shares of &#163;0.01 each in the capital of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Data Protection Laws</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means all Applicable Laws relating to data protection, the processing of personal data, privacy and electronic communications which is or has been from time to time applicable to any Group Company, and for the purposes of paragraph 4 of part 3 of schedule 4 references to &#8220;controller&#8221;, &#8220;data subjects&#8221;, &#8220;personal data&#8221;, &#8220;personal data breach&#8221;, &#8220;process&#8221;, &#8220;processed&#8221;, &#8220;processing&#8221; and &#8220;processor&#8221; have the meanings set out in, and will be interpreted in accordance with, such Applicable Laws&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Data Room Information</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the documents made available by or on behalf of the Sellers to the Buyer in the virtual data room provided by Datasite Diligence entitled &#8220;Optimus 21&#8221; to the extent that such documents are listed in the index of data room documents in the agreed form and accessible in readable form from the Data Room USBs&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Data Room USBs</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the two identical USBs containing the Data Room Information as at 12.30pm on 18 May 2021&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Disclosed</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means facts, matters or other information fairly disclosed (with sufficient details to enable a reasonable buyer to identify and evaluate the nature, scope and effect of the fact, matter or other information concerned) by the Disclosure Documents (and &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Disclosure</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall be construed accordingly)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Disclosure Documents</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Disclosure Letter (including the general disclosures contained therein), the two identical bundles of documents collated by or on behalf of the Warrantors, the outside covers of each of which have been signed for identification by or on behalf of the Warrantors and the Buyer, and the Data Room Information&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Disclosure Letter</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the disclosure letter from the Warrantors to the Buyer, dated with the date of this Agreement&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Encumbrance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any interest or equity of any person (including any right to acquire, option or right of pre-emption or conversion) or any mortgage, charge, pledge, lien, assignment, claim, right of pre-emption, hypothecation, security interest, title retention or any other security agreement or arrangement or other preferential arrangement having similar effect, or any agreement to create any of the above&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Facilities Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">the facilities agreement between, amongst others, (i) the Company as parent, original borrower and original guarantor, (ii) The Royal Bank of Scotland Plc as arranger for National Westminster Bank Plc, (iii) National Westminster Bank Plc as original lender, (iv) The Royal Bank of Scotland as original ancillary lender, and (v) The Royal Bank of Scotland Plc as agent, hedge counterparty and Security Agent (as such terms are defined therein), dated 26 May 2016 (as amended and restated on 23 August 2016 and as further amended by amendment letters dated 18 December 2019, 27 March 2020, 29 June 2020 and 10 December 2020)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Group</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means collectively the Company and each of the Subsidiaries (and a reference to &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Group Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall be construed accordingly)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">HMRC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means HM Revenue and Customs&#59;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">HR Claim</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a Warranty Claim in respect of the Warranties included at parts 6 and 7 of schedule 4&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Institutional Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; has the meaning given in clause 13.1&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Inventory</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Inventory (as defined in paragraph 13.1 of FRS 102) of each Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Know-How</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means all inventions, improvements, modifications, processes, formulae, models, prototypes and sketches, drawings, plans or specifications or any other matters made, devised, developed or discovered by any Group Company, alone or with one or more others, relating to or otherwise in connection with the Business&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">LDC Affiliates</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means each of the Institutional Sellers and&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">any Associates of the Institutional Sellers or any funds managed by them or any of their Associates&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any general partner, trustee, nominee, employee, director, officer or consultant of or to any Institutional Seller or any Associate of any Institutional Seller or of any fund managed by them or any of their Associate,</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">provided that&#58; (i) Associates of the Institutional Sellers shall for this purpose not include the Lloyds Banking Group plc or any of its subsidiary undertakings (other than the Institutional Sellers)&#59; or (ii) direct or indirect portfolio or investee companies of any such LDC Affiliates, shall each be excluded&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Leakage</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any of the following which occur on or after the Locked Box Date but on or before Completion to the extent that it does not constitute Permitted Leakage&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">any Encumbrance being granted, created or allowed to arise by any Group Company over any of its assets in favour of any Seller or any Leakage Party of such Seller, or the entitlement of any Seller or any Leakage Party of such Seller for such Encumbrance to be granted, created or allowed to arise, or payments in respect thereof from a Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any dividend or other distribution (whether in cash, stock or in kind or profits, capital or assets) being authorised, declared, paid or made by a Group Company to or for the benefit of any Seller or any Leakage Party of such Seller&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">any payment being made by a Group Company to any Seller or any Leakage Party of such Seller as a result of any share or loan capital or other securities in a Group Company being issued, redeemed, sub-divided, consolidated, returned, purchased or repaid&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any payments made or any assets being transferred or liabilities assumed, indemnified, increased or guaranteed, in each case by any Group Company in favour of or for the benefit of any Seller or any Leakage Party of such Seller&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(e)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">any Group Company waiving, deferring or releasing all or any part of any outstanding debt or liability owed to it by any Seller or any Leakage Party of such Seller&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(f)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:25.02pt">the receipt by any Seller or any Leakage Party of such Seller from any Group Company, of any fees (including any management, monitoring, advisory professional fees and expenses or any other fee or bonuses, including any retention or other bonuses in respect of the transactions contemplated by this Agreement)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(g)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any Group Company paying or incurring or becoming liable for any finder&#8217;s fees, brokerages or other commissions or any bonuses, fees, costs or expenses (including professional advisors&#8217; fees) in respect of the transactions contemplated by this Agreement (any such amounts being deemed for this purpose to have been paid on behalf of the Sellers in proportion to the consideration due to them under clause 3.1)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(h)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any emoluments (including salary, fees, bonuses and pension contributions) and expenses being paid or accrued to the Sellers or any Leakage Party by, or on behalf of a Group Company in the performance of the employment, consultancy or other appointment, of such Seller or any Leakage Party with a Group Company&#59; </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:25.63pt">the agreement or undertaking by any Group Company to do or incur any of the matters set out in (a) to (h) above&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(j)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:25.63pt">all Tax and reasonably incurred costs or fees paid or payable by any Group Company in respect of any matter referred to in (a) to (i) above (excluding any VAT to the extent that is it recoverable by a Group Company)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Leakage Party</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means in relation to an Individual Seller, any Associate of that Individual Seller and in relation to the Institutional Sellers, any LDC Affiliates&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Leasehold Properties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means leasehold properties demised by the Leases&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Leases</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the leases listed in part 1 and part 3 of schedule 5&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Licenced Properties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the licenced properties listed in part 2 of schedule 5&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Loan Note Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means &#163;15,277,343.99, being the principal amount of &#163;11,485,673, together with all accrued interest of &#163;3,791,670.99, outstanding under the Loan Notes as at and including the Completion Date&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Loan Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the following&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">&#163;5,717,292 nominal secured A1 loan notes 2026 of the Company issued to LDC V LP, LDC Parallel V LP, Christopher Thomas, Susan Thomas and Gordon Hague&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">&#163;5,717,292 nominal unsecured A2 loan notes 2026 of the Company issued to LDC V LP, LDC Parallel V LP, Christopher Thomas, Susan Thomas and Gordon Hague&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">&#163;51,089 nominal unsecured B loan notes 2026 of the Company issued to Andrew Matko, David Worsdell, Alan Pickering, Andrew Cornelius and Luis de la Cruz&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Locked Box Accounts</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the unaudited consolidated accounts of the Group, in agreed form, comprising a balance sheet as at the Locked Box Date and a profit and loss account for the period which began on the Accounts Date and ended on the Locked Box Date&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Locked Box Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means 31 March 2021&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Management Accounts</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the monthly management accounts of each Group Company for the period from the Accounts Date to 31 March 2021&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Material Employee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a director or officer or other employee of any Group Company who is (i) entitled to a base salary of more than &#163;70,000 (or equivalent) per annum, (ii) a member of the Group&#8217;s senior leadership team and&#47;or (iii) has material responsibility for the Group&#8217;s design and&#47;or manufacture activities, as carried on by the Group at Completion&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Modern Slavery Practice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any practice that amounts to (a) slavery or servitude (each as construed in accordance with Article 4 of the Convention for the Protection of Human Rights and Fundamental Freedoms of 4 November 1950), (b) forced or compulsory labour (as defined by the International Labour Organisation&#8217;s Forced Labour Convention 1930 (No. 29) and Protocol), (c) human trafficking or (d) the arranging or facilitation of the travel of another person with a view to that person being exploited&#59;</font></div><div style="margin-top:6pt;padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Performance Bonuses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the bonuses payable to employees of Group in connection with their employment with the Group in an aggregate amount of &#163;2,254,136 (including any Tax or employer&#8217;s or employee National Insurance contributions due in respect of such payments)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Permitted Leakage</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">payments of salary, benefits in kind, fees, bonuses, pension contributions and other emoluments (including life assurance payments, medical insurance, car allowances (including insurances) and holiday pay), director&#8217;s fees and expenses made or due to any Seller (or directors appointed by any Institutional Seller) or their Leakage Parties that are due and payable by, or on behalf of a Group Company provided that such payments are (a) in accordance with the terms of their employment or appointment as such terms have been Disclosed and (b) in aggregate do not exceed &#163;130,000&#59;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">payments of non-executive directors fees and expenses by, or on behalf of a Group Company provided that such payments are (a) in accordance with the relevant terms of appointment and consultancy arrangements, the terms of which have been Disclosed and (b) in aggregate do not exceed &#163;20,000&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">payment of monitoring fees to the Institutional Sellers or any LDC Affiliate and any VAT payable in respect of the monitoring fee in an amount not exceeding &#163;20,000 in aggregate&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">accruals of interest on the Loan Notes of &#163;230,000 in aggregate&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(e)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">payment of the professional fees, expenses or other costs paid or agreed to be paid or incurred or owing (in connection with the Transaction Documents) by any member of the Group not to exceed in the aggregate amount of &#163;324,000 (inclusive of applicable VAT)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(f)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:25.02pt">the payment of any directors and officers liability insurance premiums or other such insurance by, or on behalf of, a Group Company providing for coverage that is consistent with past practice, the benefit of which is for any Seller provided that such payments in aggregate do not exceed &#163;16,200 (inclusive of applicable VAT)&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(g)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">the payment of the Performance Bonuses to any Seller or their Leakage Parties&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(h)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any payment expressly provided for in the terms of this Agreement (including payments of the principal amount together with the accrued but unpaid interest under the Loan Notes at Completion)&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">PSC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means, in relation to an undertaking which is required to keep a register of people with significant control over it or equivalent record, a registrable person or registrable relevant legal entity in relation to that undertaking within the meaning of section 790C Companies Act 2006 (with any applicable modifications)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Relevant Sale Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means in respect of a Seller, that number of Shares set against that Seller&#8217;s name in column (B) of parts 1 and 2 of schedule 1&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Resignation Letters</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the resignation letters in the agreed form between the Company and each of Aylesh Patel and Chris Thomas&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Restricted Customer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any person who at any time during the period of 12 months immediately before Completion was&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">negotiating with any Group Company for the supply by any Group Company of goods or services&#59; or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">a client or customer of any Group Company&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Restricted Products or Services</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means products or services which are directly competitive with or of the type supplied by any Group Company at any time during the period of 12 months immediately preceding Completion&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means together, the Individual Sellers and the Institutional Sellers&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Solicitors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means CMS Cameron McKenna Nabarro Olswang LLP of Cannon Place, 78 Cannon Street, London, EC4N 6AF (Ref. NAJU)&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Solicitors Client Account</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the bank account in the name CMS CMNO LLP Client Account with Lloyds Bank PLC of Threadneedle Street, London with Account number&#58; 00230949 and Sort Code&#58; 30-00-09&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the A1 Ordinary Shares, A2 Ordinary Shares, B Ordinary Shares, C Ordinary Shares, C1 Ordinary Shares, C2 Ordinary Shares and D Ordinary Shares, comprising all the issued shares in the capital of the Company at Completion&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ST Loan Note Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">&#163;95,882.11, being the principal amount of &#163;72,045, together with all accrued interest of &#163;23,837.11, outstanding under the secured A1 loan notes 2026 of the Company&#59; and</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">&#163;95,882.11, being the principal amount of &#163;72,045, together with all accrued interest of &#163;23,837.11, outstanding under the unsecured A2 loan notes 2026 of the Company,</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">in each case issued to Susan Thomas, as at and including the Completion Date&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Standard Life Scheme</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Magicard Ltd Group Flexible Retirement Plan, the group personal pension arrangement with Standard Life Assurance Limited and Standard Life Client Management Limited provided by Magicard Ltd&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Subsidiaries</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the subsidiary undertakings of the Company at any relevant time (details of the subsidiary undertakings of the Company at the date of this Agreement being set out in parts 2 and 3 of schedule 2) and a reference to a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Subsidiary</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; is a reference to any one of them&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Taxation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; or &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Tax</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">all forms of taxation and statutory, governmental, state, federal, provincial, local government or municipal charges, duties, imposts, contributions, levies, withholdings or liabilities wherever chargeable and whether of the UK or any other jurisdiction&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any penalty, fine, surcharge, interest, charges or costs payable in connection with any Taxation within (a) above or any late or incorrect return in respect of any such Taxation&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Taxation Authority</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any government, state or municipality or any local, state, federal, or other authority, body or official anywhere in the world exercising a fiscal, revenue, customs or excise function&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Taxation Statute</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means any statute (and all regulations and other documents having the force of law under such statute) published, enacted, issued or coming into force on or before the date of this Agreement relating to Taxation&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Tax Warranties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Warranties set out in part 11 of schedule 4&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Tax Warranty Claim</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a Warranty Claim made in relation to the Tax Warranties&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Title and Capacity Warranties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Warranties set out in paragraphs 1 and 2 of part 1 of schedule 4&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Transaction Documents</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means this Agreement, the Disclosure Letter and any other agreements to be entered into pursuant to the parties&#8217; respective obligations under schedule 3&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">UK GAAP</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">means those Financial Reporting Standards (including Financial Reporting Standard 102), Statements of Recommended Practice, Statements of Standard Accounting Practice, Urgent Issues Task Force Abstracts and Financial Reporting Council Abstracts adopted or issued by the Financial Reporting Council Limited, and other UK generally accepted accounting practice, as are in each case applicable to the undertaking concerned at the relevant time&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">VAT</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means value added tax as provided for in VATA, and any tax imposed in substitution for it&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">VATA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Value Added Tax Act 1994&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warranties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the warranties set out in schedule 4, and a reference to &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warranty</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall be construed accordingly&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warrantors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means (i) Ian Cliffe, Andrew Cornelius, Simon Craddock, and Gordon Hague, and (ii) in respect of HR Claims only, Debbie Clark&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warrantors Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; has the meaning given in clause 13.5&#59; and</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warranty Claim</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a claim for breach of any of the Warranties (other than the Title and Capacity Warranties)&#59; and</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Wells Fargo Scheme</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means the Magicard, US Inc. 401(k) Plan provided by Wells Fargo Bank, N.A.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In this Agreement, unless the context requires otherwise&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.2.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">use of the singular includes the plural and vice versa, and use of any gender includes the other genders&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.2.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">a reference to any specific legislation includes a reference to that legislation as re-enacted, consolidated, replaced or amended&#59; any previous legislation of which it is a re-enactment, consolidation, replacement or amendment&#59; any subordinate legislation made under any of the same (and &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">legislation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; in this clause 1.2.2 includes any statute, statutory provision, regulation, rule or subordinate legislation)&#59; and, if it is derived from European Union law or European Union law of or previously of direct effect in the United Kingdom, unless expressly stated otherwise, both as it is enacted by an institution of the European Union and as it forms part of the law of England and Wales as a result of any legislation passed by the UK Parliament relating to the withdrawal of the United Kingdom from the European Union in each case as modified and, unless the context otherwise requires, in force as at the date of this Agreement&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.2.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">undertaking</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall have the meaning given in section 1161 Companies Act 2006 save that for the purposes of this Agreement, an undertaking shall include a limited liability partnership.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In this Agreement, unless otherwise stated&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference to the parties or a recital, clause or schedule is to the parties (and permitted assignees) or the relevant recital, clause or schedule of or to this Agreement&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference in a schedule, to a part or a paragraph is to a part or a paragraph of that schedule or, where relevant, to a paragraph of that part of that schedule&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference to an amount in &#8220;&#163;&#8221; is to an amount in pounds sterling and any reference to an amount in &#8220;$&#8221; is to the United States dollar&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference to a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">person</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; includes an individual, firm, partnership, body corporate, corporation, association, organisation, government, state, foundation and trust, in each case whether or not having separate legal personality&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference to a company&#8217;s &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">annual accounts</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall mean its annual accounts and reports within the meaning of section 471 Companies Act 2006 and shall include the notes to those accounts&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">financial year</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall be construed in accordance with section 390 Companies Act 2006&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">wholly-owned subsidiary</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall have the meaning given in section 1159(2) Companies Act 2006&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">group undertaking</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; and &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">subsidiary undertaking</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; shall have the respective meanings given in section 1161(5) and section 1162 Companies Act 2006, save that for the purposes of this Agreement, an undertaking shall be treated as a member of another undertaking if any of the shares in that other undertaking are registered in the name of another person (or its nominee) as security (or in connection with the taking of security) from the first undertaking or any of that first undertaking&#8217;s subsidiary undertakings&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">any reference to an English legal term or concept, or any court, official, governmental or administrative authority or agency in England, includes in respect of any jurisdiction other than England a reference to whatever most closely approximates to it in that jurisdiction&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.3.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">any reference to an individual includes a reference to his personal representatives, on whom this Agreement shall be binding.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In this Agreement, the clause, schedule and paragraph headings are included for convenience only and shall not affect the interpretation of this Agreement.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The schedules and recitals form part of this Agreement and shall have effect as if set out in full in the body of this Agreement and any reference to this Agreement includes the schedules and recitals.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Any reference in this Agreement to a document being &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">in the agreed form</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; means a document in a form agreed by the parties before the signing of this Agreement and either entered into on the date of this Agreement by the relevant parties or initialled by the parties (or on their behalf).</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Unless otherwise specified, where any Warranty refers to the knowledge, information, belief or awareness of the Warrantors (or similar expression) (for example, by using expressions such as &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">so far as the Warrantors are aware</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), each Warrantor will be deemed to have such Warrantor&#8217;s knowledge, information, belief or awareness as such Warrantor would have obtained had such Warrantor made all reasonable enquiries of each of the other Warrantors and of Simon Laws and Shaun Cody.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In this Agreement, the words &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">other</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">including</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">includes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">include</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">in particular</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; and any similar words shall not limit the general effect of words that precede or follow them and the ejusdem generis rule shall not apply.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">An obligation on a party to procure or ensure the performance or standing of another person will be construed as a primary obligation of that party.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Where any provision of this Agreement is qualified or phrased by reference to &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">material</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221; or &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">materiality</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;, such reference shall, unless specified to the contrary, be construed as a reference to materiality in the context of the business of the Group taken as a whole. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">References to this Agreement are references to this Agreement as varied from time to time in accordance with clause 15.2 and as assigned (in accordance with clause 10) from time to time.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.12</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any reference to&#58; (i) time of day is to London time&#59; and (ii) a day is to a period of 24 hours running from midnight to midnight.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Institutional Sellers are parties to this Agreement only for the purposes of&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">selling the Shares set out opposite their names in column (B) of part 1 and part 2 of schedule 1 pursuant to clause 2&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">giving the Title and Capacity Warranties, in accordance with clause 5.1.1&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">their obligations relating to Leakage contained in clause 6&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">agreeing to bound by the obligations in clauses 9 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Further Assurance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 10.3 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Assignment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 11 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Announcements and Confidentiality</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 13.1 to 13.4 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Institutional Sellers&#8217; Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 14 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Notices</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">) and 15 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">General</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">their obligations set out in clauses 2 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Agreement for Sale</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 4 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Completion</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), 8 (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Payments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">), schedule 3 and schedule 7&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.13.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">having the benefit of this Agreement,</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">and subject thereto the Institutional Sellers shall have no obligations or liabilities pursuant to this Agreement. For the avoidance of doubt, the Institutional Sellers shall have no liability for any breach or non-observation of any Transaction Document by any other party.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_82"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">AGREEMENT FOR SALE</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Subject to the terms of this Agreement, at Completion each Seller shall sell with full title guarantee, and the Buyer shall buy, that Seller&#8217;s Relevant Sale Shares. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each Seller shall sell or procure to be sold such Seller&#8217;s Relevant Sale Shares free from all Encumbrances and with all rights and profits attaching or accruing to them at Completion, including the right to receive all dividends and other distributions declared, made or paid, or agreed to be made or paid, after Completion.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Buyer shall not be obliged to complete the purchase of any of the Shares unless the purchase of all of the Shares is completed simultaneously.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each Seller covenants that he has the right to sell and transfer or procure to be sold and transferred the legal and beneficial title to such Seller&#8217;s Relevant Sale Shares on the terms of this Agreement and waives all </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">rights of pre-emption or other right or option over any of the Shares, whether conferred by the articles of association of the Company or in any other way and will procure the irrevocable waiver of any such right or option conferred on any other party who is not a party to this Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_87"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">CONSIDERATION</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The aggregate purchase price for the Shares is the sum of &#163;21,943,117.28 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Consideration</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), which shall be paid in cash, and each Seller shall be entitled to receive that amount as is set against such Seller&#8217;s name in column (C) of parts 1 and 2 of schedule 1 of such aggregate purchase price. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Any amount paid by or on behalf of any of the Sellers in respect of any claim for any breach of this Agreement or pursuant to any indemnity or undertaking to pay any amount under this Agreement shall, to the extent permitted by law, be deemed to reduce the purchase price payable for the Shares for that Seller by, and be a repayment of, that amount.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_131"></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">COMPLETION</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Completion shall take place at the offices of the Sellers&#8217; Solicitors immediately after this Agreement is executed.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">At Completion the Sellers and the Buyer shall comply with their respective obligations set out in clause 8 and schedule 3.</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Notwithstanding Completion&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">each provision of this Agreement (and any other document referred to in it) not performed at or before Completion but which remains capable of performance&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">the Warranties&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.3.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">all covenants and other undertakings contained in or entered into pursuant to this Agreement,</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">will remain in full force and effect and (except as otherwise expressly provided in this Agreement) without limit in time.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">With effect from and after Completion (but not before), each Seller irrevocably and unconditionally appoints the Buyer by way of security as his&#47;her lawful attorney (and to the complete exclusion of any rights that he&#47;she may have in that regard) for the purpose of&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">exercising any and all voting and other rights and receiving any benefits and entitlements (including, for the avoidance of doubt, the receipt of any dividends or other distributions) which attach to or arise in respect of his&#47;her Relevant Sale Shares on that Seller&#8217;s behalf and as that Seller&#8217;s proxy, including at any general meeting of the shareholders of the Company (including meetings of the members of any particular class of shareholder)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">receiving notices of and attending all meetings of any members of the Company&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">completing and delivering on behalf of that Seller all such consents to short notice, written resolutions and proxies as the Buyer considers necessary or desirable for the purpose of any meeting of the Company&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">dealing with and giving directions as to any moneys, securities, benefits, documents, notices or other communications (in whatever form) arising by right of those Relevant Sale Shares or received in connection with those Relevant Sale Shares from the Company or any other person&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.4.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">generally approving or executing documents and doing any acts or things in relation to any of the Relevant Sale Shares as the attorney thinks fit in that Seller&#8217;s name that can be done in that Seller&#8217;s capacity as registered holder of the Shares (including, without limitation, signing any resolution as registered holder of his&#47;her Relevant Sale Shares),</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">in each case on and from the date of Completion until the date upon which the Buyer (or its nominee) is entered in the register of members as the holder of the Shares. </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">With effect from Completion, each Seller undertakes with the Buyer&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.5.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">to hold his&#47;her Relevant Sale Shares upon trust for the Buyer as beneficial owner&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.5.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">to promptly account to the Buyer for all dividends, interest, bonuses, in specie or other distributions or payments of whatever nature paid or made to that Seller in respect of his&#47;her Relevant Sale Shares&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.5.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">not to exercise, attempt or agree to exercise any rights, powers or privileges attaching to his&#47;her Relevant Sale Shares or exercisable in the capacity of registered holder of such Shares without the Buyer&#8217;s prior written consent&#59; and </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">promptly, on receipt, to deliver to the Buyer any notice, resolution, letter or other document of any nature whatsoever relating to his&#47;her Relevant Sale Shares which the Seller receives after the date of this instrument.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Schedule 7 will apply in relation to claims by any Seller and their Associates against the Company or any other Group Company.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_126"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">WARRANTIES</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">As at the date of this Agreement&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">each of the Sellers severally (but not jointly nor jointly and severally) warrants in respect of such Seller and such Seller&#8217;s Shares only (and not in respect of any other Seller or other Shares) to the Buyer in the terms of the Title and Capacity Warranties&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">subject to clause 5.4, each of the Warrantors severally (but not jointly nor jointly and severally) warrants to the Buyer in the terms of all the Warranties (other than the Title and Capacity Warranties). </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each of the Warranties shall be construed independently and shall not be limited or restricted by reference to any other Warranty or by any other term or thing in this Agreement.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Warrantors waive and release the Company, the Subsidiaries and&#47;or their respective officers, employees, agents and consultants, or any of them, from any and all claims (including for negligence but excluding for fraud) that any of the Warrantors might otherwise have against any of them (regardless of whether any Warrantor presently knows the grounds for any such claim) in respect of any information that any such person has in any capacity supplied to the Warrantors or any of them in connection with the Warranties and&#47;or the information Disclosed. This shall not preclude any Warrantor from claiming against any other Seller under any right of contribution or indemnity to which he may be entitled.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The liability of the Warrantors in respect of any claim under the Warranties shall be limited as provided in schedule 6 but provided always that notwithstanding any other provision of this Agreement, the provisions of this clause 5.4 and schedule 6 shall not apply to any claim made against a Warrantor in the case of any fraud or dishonesty by that Warrantor.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Buyer warrants to the Sellers that as at the date of this Agreement&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.5.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">it is duly incorporated, organised and validly existing under the laws of Singapore&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.5.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">it has the legal right and full power and authority to execute and deliver, and to exercise its rights and perform its obligations under this Agreement and the other Transaction Documents to which it is or will be a party, each of which will when executed constitute binding obligations on the Buyer in accordance with their respective terms&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">5.5.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">the entry into the Transaction Documents and the implementation of the transactions contemplated by the same will not result in&#58;</font></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">a violation or breach of any provision of the articles of association of the Buyer&#59;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">a breach of, or give rise to a default under, any contract or other instrument to which the Buyer is a party or by which it is bound&#59;</font></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">a violation or breach of any applicable laws or regulations or of any order, decree or judgment of any court, governmental agency or regulatory authority applicable to the Buyer or any of its assets&#59; or</font></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">a requirement for the Buyer to obtain any consent or approval of, or give any notice to or make any registration with, any governmental, regulatory or other authority which has not been obtained or made at the date of this Agreement on a basis which is both unconditional and cannot be revoked.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_121"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">LEAKAGE</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each Seller (in respect of any Leakage received by or on behalf of that Seller or that Seller&#8217;s Leakage Parties) severally undertakes to the Buyer that since the Locked Box Date until Completion there has not been any Leakage.  Each Seller severally undertakes to pay in cash to the Buyer within 15 Business Days of a valid written demand from the Buyer an amount equal to the value or amount of any such Leakage actually received (plus any amount of Leakage falling in sub-paragraph (j) of the definition of Leakage if and to the extent such Taxation relates to the amount or value received), provided that any payment pursuant to this clause arising in respect of a deferral (as referred to in limb (e) of the definition of Leakage) shall be treated as a repayment of the amount so deferred and the Buyer shall procure that the relevant Seller&#8217;s obligations in respect of the relevant debt or liability is released or waived to the extent of such payment.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">A Seller shall not be liable for any claim under clause 6.1 unless notice of a claim is given by the Buyer to the Sellers on or before the date falling 6 months after the date of Completion save in the event of fraud or dishonesty. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The only remedy of the Buyer in respect of Leakage shall be that provided under clause 6.1 and the Buyer shall only be entitled to recover once in respect of any item of Leakage.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Subject to clause 6.6, the liability of each Seller under clause 6.1 shall not exceed the aggregate of (i) any sums or value actually received by or on behalf of such Seller (or any Leakage Party of such Seller) or in respect of which such Seller (or any Leakage Party of such Seller) has benefited&#59; and (ii) any amount of Leakage falling in sub-paragraph (j) of the definition of Leakage if and to the extent such Taxation relates to the amount or value received.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Except as required by law all payments by the Sellers under clause 6.1 will be made free and clear of all deductions and withholdings in respect of Taxation.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">If any deduction or withholding is required by law to be made from any payment by any Seller under clause 6.1 or if the Buyer is subject to Taxation in respect of any payment by that Seller under clause 6.1, that Seller shall pay to the Buyer such additional amount as is necessary to ensure that the net amount received and retained by the Buyer (after taking account of such deduction or withholding or Taxation) is equal to the amount which it would have received and retained had the payment in question not been subject to the deduction or withholding or Taxation.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">6.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">In the event of the assignment of this Agreement by the Buyer, the Sellers&#8217; liability to the assignee under clause 6.6 will be no greater than it would have been to the Buyer.</font></div><div><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_116"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">PROTECTION OF GOODWILL AND TRADE SECRETS</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">As further consideration for the Buyer agreeing to purchase the Shares on the terms contained in this Agreement and with the intent of assuring to the Buyer the full benefit and value of the goodwill and connections of the Group, each of the Covenantors undertakes to the Buyer and each Group Company that he will not (whether alone or in conjunction with, or on behalf of, another person and whether directly or indirectly)&#58;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">until the date falling 18 months after Completion, carry on or be employed, engaged, an officer of, concerned, interested or in any way assist with any business, within the UK and any other country in which the Company or any Group Company carries on or intends to carry on any Business as at the date of this Agreement, which is or may in any way be in competition with all or any part of the Business, provided that nothing in this clause 7.1.1 shall prevent the Covenantors from holding for investment purposes only not more than five per cent of any class of the issued share or loan capital of any company quoted on a recognised investment exchange (as defined in the Financial Services and Markets Act 2000)&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">until the date falling 18 months after Completion, canvass, solicit, interfere with or approach, or cause to be canvassed, solicited, interfered with or approached, any Restricted Customer for the sale or supply of Restricted Products or Services&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">until the date falling 18 months after Completion, deal or contract with any Restricted Customer in relation to the sale or supply of Restricted Products or Services&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">until the date falling 18 months after Completion, interfere, or seek to interfere, with the continuance of supplies to any Group Company from any supplier who has been supplying goods or services to that Group Company at any time during the 12 months immediately preceding Completion if such interference causes or would cause that supplier to cease supplying, or materially reduce its supply of, those goods or services&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">until the date falling 18 months after Completion, solicit or offer employment to or offer to conclude any contract of services with any Material Employee or procure or facilitate the making of such an offer by any person, firm or company or entice or endeavour to solicit or entice any Material Employee to terminate their employment with the Company or any of the Subsidiaries provided always that this clause 7.1.5 shall only apply in relation to persons who were so employed at Completion or at any time during the period of 6 months immediately preceding Completion and shall not prohibit soliciting by means of any bona fide general advertisement that is not specifically directed to any such Material Employee, or by means of a search firm or employment agency or responding to any unsolicited approach by any Material Employee&#59; or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.1.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">at any time after Completion use as a trade or business name or mark, use as or include in a domain name for any web site, or carry on a business under a title containing the term &#8220;Magicard&#8221; or use any trading style or get up which is confusingly similar to that used by the Group as at Completion.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The provisions of clause 7.1 shall not prevent a Covenantor from the fulfilment of his duties as an employee or director of the Group after Completion (where relevant).</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each undertaking contained in clause 7.1 shall be read and construed independently of the other undertakings and as an entirely separate and severable undertaking.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Whilst the undertakings in clause 7.1 are considered by the Buyer and the Covenantors to be reasonable in all the circumstances, if any one or more should for any reason be held to be invalid or unlawful or in any way an unreasonable restraint of trade, but would have been held to be valid if part of the wording were deleted, the undertakings shall apply with the minimum modifications necessary to make them valid and effective and the remaining undertakings or remaining part of the undertakings will continue in full force and effect and will bind each of the Covenantors.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">7.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Without prejudice to any other remedy which may be available to the Buyer, the parties agree that the Buyer shall be entitled to seek injunctive or other equitable relief in relation to any breach of clauses 7.1, it being acknowledged that an award of damages might not be an adequate remedy in the event of such a breach.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_111"></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">PAYMENTS</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Payments to be made to the Sellers (or any of them) under this Agreement shall be made in pounds sterling by electronic transfer of immediately available funds to the Sellers&#8217; Solicitors&#8217; Client Account or to such </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">other account as the Institutional Sellers&#8217; Representative shall notify the Buyer of in writing not less than three Business Days prior to any payment.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Payments to be made to the Buyer under this Agreement (if any) shall be made in pounds sterling by electronic transfer of immediately available funds to the Buyer&#8217;s Solicitors or to any other single account of which the Buyer gives the Institutional Sellers&#8217; Representative and&#47;or the Warrantors&#8217; Representative (as applicable) at least three Business Days&#8217; notice prior to any such payment.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Sellers confirm and agree that the Company is authorised on behalf of Susan Thomas to receive the ST Loan Note Amount, and that payment of the ST Loan Note Amount to the Sellers&#8217; Solicitors&#8217; Client Account will be a good and sufficient discharge to the Buyer in respect thereof. Following receipt in the Sellers&#8217; Solicitors&#8217; Client Account of the ST Loan Note Amount, the Sellers shall procure that the Company shall promptly pay to Susan Thomas the ST Loan Note Amount in full in cash by electronic transfer of immediately available funds.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Payment of any sum to a party in accordance with clause 8.1 or clause 8.2 or clause 8.3 will discharge the obligations of the paying party to pay the sum in question and the paying party shall not be concerned to see the application of the monies so paid.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_106"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:27.75pt">POST-COMPLETION</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Buyer shall procure that the Company shall (i) pay the Performance Bonuses less any employers&#8217; National Insurance contributions via payroll after making deductions for income tax and employees National Insurance contributions (allocated in such amounts as have been notified to the Buyer by Ian Cliffe) by no later than 15 June 2021&#59; and (ii) account to HMRC in respect of any Tax and National Insurance contributions due in relation to the payment of the Performance Bonuses as soon as reasonably practicable thereafter.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">For the avoidance of doubt, the maximum amount payable by the Company in respect of the Performance Bonuses (including any Tax or employer&#8217;s or employee National Insurance contributions) shall be &#163;2,254,136.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">The Warrantors agree to use all reasonable endeavours to procure that as soon as reasonably practicable following Completion&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">the Company and ValueLabs (UK) Limited shall enter into the intellectual property assignment agreement in a form acceptable to the Buyer (acting reasonably)&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14pt">the Company shall file at Companies House a form SH06 and a duly stamped Form SH03 in relation to the buyback by the Company of 38,462 C ordinary shares from Richard Scott on 31 July 2019 in a form acceptable to the Buyer (acting reasonably).</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:22.25pt">Each party shall from time to time on being required to do so by another party, as soon as practicable following written request and at the sole cost and expense of the requesting party, do or procure the doing of all such acts and&#47;or execute or procure the execution of all such documents as are necessary so as to give full effect to this Agreement and the Transaction Documents (or to such parts of the same as remain operative after termination).</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_101"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">ASSIGNMENT</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">This Agreement shall be binding on and enure for the benefit of the personal representatives, successors in title and permitted assignees of the parties and references to the parties shall be construed accordingly.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Buyer may not assign, transfer, charge or deal in any way with the benefit of, or any of their respective rights under or interest in, this Agreement except with the prior written consent of the Institutional Sellers&#8217; Representative and the Warrantors&#8217; Representatives, save that the Buyer may assign (in whole or in part) the benefit of this Agreement&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.2.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">to any of its Associates provided that if such assignee ceases to be an Associate of the Buyer all benefits relating to this Agreement assigned to such assignee shall be deemed automatically by that </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">16</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">fact to be re-assigned to the Buyer immediately before such cessation and provided that, any such assignee shall not be entitled to receive under this Agreement any greater amount than that to which the assignor would have been entitled and the Sellers shall not be under any greater obligation or liability than if such assignment had never occurred&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.2.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">to a bank or other financial institution which has or may agree to advance credit facilities to the Buyer or any of its Associates,</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">provided that no such assignment shall increase the liability of a Seller hereunder.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Sellers may not assign, transfer, charge or deal in any way with the benefit of, or any of their respective rights under or interest in, this Agreement except with the prior written consent of the Buyer, save that any Institutional Sellers may assign (in whole or in part) the benefit of this Agreement to any of its Associates, including LDC Affiliates, provided that if such assignee ceases to be an Associate or LDC Affiliate of that Institutional Seller all benefits relating to this Agreement assigned to such assignee shall be deemed automatically by that fact to be re-assigned to that Institutional Seller immediately before such cessation and provided that any such assignee shall not be entitled to receive under this Agreement any greater amount than that to which the assignor would have been entitled and the Buyer shall not be under any greater obligation or liability than if such assignment had never occurred.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any purported assignment in breach of this clause 10 shall be void and confer no rights on the purported assignee.</font></div><div style="text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_96"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">ANNOUNCEMENTS AND CONFIDENTIALITY</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the Covenantors and the Institutional Sellers severally undertakes to the Buyer and each Group Company that such Seller will not at any time after Completion make use of, disclose or cause any unauthorised disclosure to any person (except those authorised by the Buyer in writing to know) of any Commercial Information.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the Sellers severally undertakes with the Buyer, and the Buyer undertakes with each of the Sellers, to keep confidential (except as expressly provided in this Agreement) at all times after the date of this Agreement, and not directly or indirectly reveal or disclose, any confidential information received or obtained as a result of entering into or performing, or supplied by or on behalf of a party in the negotiations leading to, this Agreement and which relates to&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.2.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">the negotiations leading to the execution of this Agreement and&#47;or any Transaction Document&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.2.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">the subject matter and&#47;or details of this Agreement and&#47;or any Transaction Document&#59; or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.2.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">(in the Sellers&#8217; case) the Buyer or (in the Buyer&#8217;s case) the Sellers.</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The prohibition in clauses 11.1 and 11.2 do not apply&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">to information included in the press release in the agreed form&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">if the Institutional Sellers&#8217; Representative and the Warrantors&#8217; Representative and the Buyer have each given their prior written consent to the disclosure&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">if the information was in the public domain before it was furnished to the relevant party or, after it was furnished to that party, entered the public domain otherwise than as a result of (i) a breach by that party of this clause or (ii) a breach of a confidentiality obligation by the discloser, where the breach was known to that party&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">if disclosure is necessary in order to comply with applicable legislation, regulatory requirements or to obtain tax or other clearances or consents from HMRC or other relevant Taxation Authority&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">if disclosure is pursuant to paragraph 14.1.4(a) of schedule 6&#59; or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.3.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">if disclosure is required to enable that party to enforce its rights under this Agreement,</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">17</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">provided that any such information disclosable pursuant to clause 11.3.4 shall be disclosed (unless such consultation is prohibited by applicable law or regulatory requirements) only after consultation with the Buyer or the Institutional Sellers&#8217; Representative and the Warrantors&#8217; Representative (as the case may be).</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">In addition&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">the Institutional Sellers may disclose on a confidential basis information otherwise required by clauses 11.1 and 11.2 to be treated as confidential to&#58;</font></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt">any LDC Affiliate and Associates thereof (excluding any portfolio companies of investment funds managed by such Institutional Seller or LDC Affiliates), or any investors in any Institutional Seller or in any LDC Affiliate&#59; and</font></div><div style="margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.18pt">any of their participants or investors and&#47;or any investor or potential investor in any fund managed or advised by the Institutional Seller, </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">in each case as part of its customary reporting or other internal procedures&#59; </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.4.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">the Individual Sellers may disclose information otherwise required by clauses 11.1 and 11.2 to be treated as confidential in the ordinary and proper course of their roles as employees and consultants of any member of the Buyer&#8217;s Group.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Notwithstanding clause 11.2, the Buyer (and any member of the Buyer&#8217;s Group) shall be permitted to provide information otherwise required to be kept confidential under this Agreement&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.5.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">to a proposed purchaser of, or investor in, the Buyer&#8217;s Group or any part of it (or their advisers, agents and representatives) on the basis that the recipient keeps the information confidential&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.5.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">in a prospectus, listing particulars, admission document or other similar document in connection with the application for admission to trading or to list (or equivalent) of any securities in any member of the Buyer&#8217;s Group on any recognised stock exchange to the extent required for the purposes of that application&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.5.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">in any disclosure that is required to be filed with the Securities and Exchange Commission regarding this Agreement and&#47;or the transactions contemplated thereby and related press releases&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">to any provider of finance or potential provider of finance to any member of the Buyer&#8217;s Group (or to their advisers, agents and representatives) or to a security trustee or agent acting on behalf of one or several banks or other financial institutions which have entered into, or may enter into, any financing, hedging or loan agreements with any members of the Buyer&#8217;s Group, in each case on the basis that the recipient agrees to keep such information confidential.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">No party shall make any press release or other public announcement in connection with any of the transactions contemplated by this Agreement except&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.6.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">an announcement in the agreed form or in any other form agreed by the Buyer and the Institutional Sellers&#8217; Representative and the Warrantors&#8217; Representative in writing&#59; and&#47;or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">made or sent by the Buyer after Completion to a customer, client or supplier of the Group informing it of the Buyer&#8217;s purchase of the Shares&#59; and&#47;or</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">11.6.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">any announcement required by any applicable law or regulatory requirements to which any party is subject (including any announcement required by U.S. securities law, the New York Stock Exchange and&#47;or the London Stock Exchange plc and related press releases), provided that, unless such consultation is prohibited by legal or regulatory requirements, it is made only after consultation with the Buyer or the Sellers (as the case may be).</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_153"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">12.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">COMPANY RECORDS</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">12.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Buyer shall procure that, during the two (2) years following Completion&#58;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">18</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">12.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">any of the Sellers as may in writing from time to time request it, and its agents, shall on reasonable notice to the Buyer and at that Seller&#8217;s expense have access during normal business hours to the books and records of the Group insofar as they relate to the period ending at Completion, and be permitted to take copies from them, for the purpose of that Seller&#8217;s compliance with applicable legal and regulatory or Taxation requirements&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">12.1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:8.5pt">use all reasonable endeavours to ensure that such books and records that the Group Company is legally required to preserve remain intact and are not lost, destroyed, corrupted or otherwise made unfit for use in whole or in part.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_148"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">13.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">REPRESENTATIVES</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Institutional Sellers&#8217; Representative</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the Institutional Sellers confirms that the Institutional Sellers&#8217; Representative (being LDC (Managers) Limited or any other person appointed as a replacement in accordance with clause 13.3 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Institutional Sellers</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;)) shall be entitled to take any action or make any decision under this Agreement on its behalf, and any such action or decision shall be effective as if it were taken by such Institutional Seller on its own behalf. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any notice to be given under this Agreement to or by any Institutional Seller may be given to or by the Institutional Sellers&#8217; Representative in accordance with clause 14.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Institutional Sellers may notify the Buyer that they have chosen a different person to be the Institutional Sellers&#8217; Representative to replace the entity then acting as such. Any such notice shall, notwithstanding clause 13.2, be valid only if signed by (or on behalf of) each Institutional Seller and otherwise shall be given in accordance with clause 14. The change in identity of the Institutional Sellers&#8217; Representative shall take effect five Business Days after notice of the change is received by the Buyer or (if later) on the date (if any) specified in the notice. Until any such notice is received by the Buyer, the Buyer shall continue to be entitled to give notices to, and to rely on notices given (and other actions taken) by, the last Institutional Sellers&#8217; Representative of whom it had actual knowledge.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Institutional Sellers agree that the Buyer shall be entitled to rely on notices given to and by the Institutional Sellers&#8217; Representative under this Agreement as if given to and by each of the Institutional Sellers (or the relevant Institutional Seller, as appropriate) and shall be entitled to rely on the exercise by the Institutional Sellers&#8217; Representative of any of the other rights and powers conferred on him by this Agreement irrespective of whether the exercise of any of those rights or powers in a particular way, or at all, is consented to or not by any Institutional Seller. The appointment of the Institutional Sellers&#8217; Representative shall be conclusively binding on each Institutional Seller in favour of the Buyer.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Warrantors&#8217; Representative</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the Warrantors confirms that the Warrantors&#8217; Representative (being Ian Cliffe or any other person appointed as a replacement in accordance with clause 13.7 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Warrantors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;)) shall be entitled to take any action or make any decision under this Agreement on its behalf, and any such action or decision shall be effective as if it were taken by such Warrantor on its own behalf. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any notice to be given under this Agreement to or by any Warrantor may be given to or by the Warrantors&#8217; Representative in accordance with clause 14.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Warrantors may notify the Buyer that they have chosen a different person to be the Warrantors&#8217; Representative to replace the entity then acting as such. Any such notice shall, notwithstanding clause 13.6, be valid only if signed by (or on behalf of) each Warrantor and otherwise shall be given in accordance with clause 14. The change in identity of the Warrantors&#8217; Representative shall take effect five Business Days after notice of the change is received by the Buyer or (if later) on the date (if any) specified in the notice. Until any such notice is received by the Buyer, the Buyer shall continue to be entitled to give notices to, and to rely on notices given (and other actions taken) by, the last Warrantors&#8217; Representative of whom it had actual knowledge.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">19</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">13.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The Warrantors agree that the Buyer shall be entitled to rely on notices given to and by the Warrantors&#8217; Representative under this Agreement as if given to and by each of the Warrantors (or the relevant Warrantors, as appropriate) and shall be entitled to rely on the exercise by the Warrantors&#8217; Representative of any of the other rights and powers conferred on him by this Agreement irrespective of whether the exercise of any of those rights or powers in a particular way, or at all, is consented to or not by any Warrantor. The appointment of the Warrantors&#8217; Representative shall be conclusively binding on each Warrantor in favour of the Buyer.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_143"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">NOTICES</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any notice, consent or other communication given under this Agreement shall be in writing and in English and signed by or on behalf of the party giving it, and shall be delivered by hand (and for such purposes delivery by courier shall be regarded as delivery by hand) or sent by prepaid recorded or special delivery post (or prepaid international recorded airmail if sent internationally) in accordance with the details set out below (and, for the avoidance of doubt, may not be given by email)&#58; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:8.5pt">to the Buyer&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">For the attention of&#58; Scott Vuchetich, Vice President and General Manager, c&#47;o Precision Dynamics Corporation, 25124 Springfield Court, Suite 200, Valencia, CA 91355</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">with a copy (which shall not constitute notice) to the Buyer&#8217;s Solicitors (ref&#58; 203059.000625) marked for the attention of Antony Walsh at Eversheds Sutherland (International) LLP&#59; </font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:8.5pt">to the Institutional Sellers (or any of them) and the Institutional Sellers&#8217; Representative&#58;</font></div><div style="margin-top:6pt;padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">For the attention of&#58; The General Counsel at LDC (Managers) Limited, One Vine Street, London, W1J 0AH</font></div><div style="margin-top:6pt;padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">with a copy (which shall not constitute notice) marked for the attention of Narinder Jugpal at CMS Cameron McKenna Nabarro Olswang LLP (ref&#58; 0X4055.01252)&#59;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.1.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:8.5pt">to the Individual Sellers (or any of them) other than where such Individual Seller is also Warrantor (in which case clause 14.1.4 shall apply)&#58;</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The address set out in part 1 of schedule 1&#59; and</font></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.1.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:8.5pt">to the Warrantors (or any of them) and the Warrantors&#8217; Representative&#58;</font></div><div style="margin-top:6pt;padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">For the attention of&#58; Ian Cliffe at Magicard Ltd, Waverley House, Hampshire Road, Granby Industrial Estate, Weymouth, England, DT4 9XD</font></div><div style="margin-top:6pt;padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">with a copy (which shall not constitute notice) marked for the attention of Narinder Jugpal at CMS Cameron McKenna Nabarro Olswang LLP (ref&#58; 0X4055.01252).</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The parties may from time to time notify each other of any other person or address for the receipt of notices or copy notices. Any such change shall take effect five Business Days after notice of the change is received or (if later) on the date (if any) specified in the notice as the date on which the change is to take place.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any notice, consent or other communication given in accordance with clause 14.1 will be deemed to have been served&#58; (i) if given by prepaid recorded or special delivery post, at 9.00am on the second Business Day after the date of posting&#59; (ii) if given by prepaid international recorded airmail if sent internationally, at 9.00am on the fifth Business Day after the date of posting&#59; and (iii) if delivered by hand, at the time the notice is delivered to or left at that party&#8217;s address, provided in each case that a notice deemed to be served after 5.30 p.m. on a Business Day, or on any day which is not a Business Day, shall for the purposes of this Agreement be regarded as received on the next Business Day.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">In proving service of the communication, it shall be sufficient to show that delivery by hand was made or that the envelope containing the communication was properly addressed and sent by prepaid recorded or special delivery post (or prepaid international recorded airmail if sent internationally), as the case may be.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">20</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The provisions of this clause 14 shall not apply in relation to the service of process in any legal proceedings arising out of or in connection with this Agreement.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">14.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Any notice or other communication addressed to a deceased Seller or to a deceased Seller&#8217;s personal representatives, notwithstanding that no grant of representation has yet been made in respect of such Seller&#8217;s estate, at the Seller&#8217;s address in accordance with this clause or at such other address as may have been notified by the personal representatives in writing to the sender as being their address for service, and otherwise served in accordance with this clause 14, will be deemed valid service to that Seller.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div id="idc4415f90b2d43dd905869723a4f93fe_162"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">15.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:22.25pt">GENERAL</font></div><div style="margin-top:6pt;padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Waiver</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">No delay, failure or omission (in whole or part) in enforcing, exercising or pursuing any right, power, privilege, claim or remedy conferred by or arising under this Agreement or by law, shall be deemed to be, or be construed as, a waiver of that or any other right, power, privilege, claim or remedy, or operate so as to bar the enforcement, exercise or pursuance of that or any other right, power, privilege, claim or remedy, in any other instance at any other time. Any waiver of any right, power or remedy under this Agreement must be in writing and may be given subject to any conditions thought fit by the grantor.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Variation</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">No variation to this Agreement shall be of any effect unless it is agreed in writing and signed by or on behalf of each party but no variation will require the consent of any Group Company.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Third Party Rights</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Nothing in this Agreement is intended to confer on any person any right to enforce any term of this Agreement which that person would not have had but for the Contracts (Rights of Third parties) Act 1999 except that the Company, the Subsidiaries and their respective officers, employees, agents and consultants shall be entitled with the Buyer&#8217;s prior written consent to enforce clauses 5.3, 7 and 11, and all other provisions of this Agreement necessary to give due effect to such rights, but this Agreement may be amended or varied by the parties in any way, or terminated, in accordance with its terms without any such person&#8217;s consent.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Severance and Independent Advice</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the provisions of this Agreement is severable. Accordingly, if any provision of this Agreement is found by any court or administrative or regulatory body of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions of this Agreement which shall remain in full force and effect.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">If any provision of this Agreement is so found to be invalid or unenforceable, but would be valid or enforceable if some part of the provision were deleted, restricted or limited in a particular manner, the provision in question shall apply with such deletions, restrictions or limitations as may be necessary to make it valid.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Each of the Sellers and the Buyer acknowledges that he&#47;it has entered into this Agreement on an arm&#8217;s length basis and that he&#47;it has taken independent legal advice in so doing.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Cumulative Rights</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The rights and remedies provided by this Agreement are cumulative and (except as otherwise provided in this Agreement) are not exclusive of any rights or remedies provided by law.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Several Liability</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">Unless expressly provided otherwise, all obligations entered into and liabilities incurred by the Sellers in or under this Agreement are entered into or incurred by each of them severally (and not jointly or jointly and severally).</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">No Merger</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:16.75pt">The provisions of this Agreement shall remain in full force and effect notwithstanding Completion.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Counterparts</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">This Agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. This Agreement shall not be effective until each of the parties has executed at least one counterpart.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Entire Agreement</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">This Agreement and any other Transaction Documents constitute the whole and only agreement and understanding between the parties in relation to the subject matter of this Agreement and the matters described in the other Transaction Documents and no party has entered into this Agreement in reliance upon, and it will have no remedy in respect of, any misrepresentation, representation or statement (whether made by another party or any other person and whether made to the first party or any other person) which is not expressly set out in this Agreement. Except in the case of fraud or dishonesty, all previous agreements, understandings, undertakings, representations, warranties and arrangements of any nature whatsoever between the parties (or any of them) with any bearing on the subject matter of this Agreement are superseded and extinguished (and all rights and liabilities arising by reason of them, whether accrued or not at the date of this Agreement, are cancelled) to the extent that they have such a bearing. </font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.12</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Except in the case of fraud or dishonesty, the Buyer shall not, and shall procure that its Associates shall not, make any claim (and irrevocably and unconditionally waives any right to bring such a claim) against the Sellers, the Company and their respective officers, employees, agents and consultants in relation to the subject matter of this Agreement other than expressly provided for in this Agreement.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">No party (other than another of the Institutional Sellers or the Institutional Sellers&#8217; Representative) can act, or is acting, as agent for the Institutional Sellers in any circumstance including but not limited to any pre-Completion discussions or diligence enquiries that have been undertaken.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.14</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Nothing in clauses 15.11 or 15.13 will be interpreted or construed as limiting or excluding the liability of any person for fraud or fraudulent misrepresentation.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Sellers&#8217; aggregate liability</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.15</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Except in the case of fraud or dishonesty on the part of that Seller, the total aggregate liability of each Seller in respect all claims under this Agreement (other than a claim in relation to Leakage) (excluding for interest and legal, professional and other costs and expenses reasonably and properly incurred relating to the claims) shall not exceed the amount of Consideration actually received by that Seller pursuant to clause 3.1.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Release</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.16</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">The Buyer may release or compromise the liability of, or grant time or any other indulgence to, any person who is a party to this Agreement without in any way prejudicing or affecting the liability (whether joint and several or otherwise) of any other person who is a party to this Agreement.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Interest</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.17</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">If any party becomes liable to pay any sum pursuant to this Agreement, whether a liquidated sum or by way of damages or otherwise, such party will pay interest on that sum at 2 per cent per annum above the base lending rate from time to time of Lloyds Bank plc from the due date until the date of payment (whether before or after judgment), such interest to accrue on a daily basis. Such party will pay the interest together with the overdue sum.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Costs</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.18</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Except as otherwise stated in this Agreement, each party shall bear its own costs and expenses in relation to the negotiation, preparation, execution and carrying into effect of this Agreement and all other agreements forming part of the transactions contemplated by this Agreement. Without prejudice to the generality of the foregoing, all stamp, transfer and registration taxes, duties and charges and all (if any) notarial fees payable </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">in connection with the execution of this Agreement (and the sale of the Shares) shall be payable by the Buyer.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Applicable Law, Jurisdiction and Service of Proceedings</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.19</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">The validity, construction and performance of this Agreement and any claim, dispute or matter (whether contractual or non-contractual) arising under or in connection with this Agreement or its enforceability shall be governed by and construed in accordance with the law of England and Wales.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.20</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Each party irrevocably submits to the exclusive jurisdiction of the courts of England and Wales over any claim, dispute or matter arising under or in connection with this Agreement or its enforceability or the legal relationships established by this Agreement (including non-contractual disputes or claims) and waives any objection to proceedings being brought in such courts on the grounds of venue or on the grounds that proceedings have been brought in an inconvenient forum. Each party further irrevocably agrees that a judgment in any proceedings brought in the courts of England and Wales shall be conclusive and binding upon each party and may be enforced in the courts of any other jurisdiction.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.21</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">The Buyer irrevocably appoints B.I. (UK) Limited of Wildmere Industrial Estate, Banbury, Oxfordshire, OX16 3JU as its agent to receive on its behalf in England or Wales service of any proceedings arising out of or in connection with this Agreement. Such service shall be deemed completed on delivery to that agent (whether or not it is forwarded to and received by the Buyer). If for any reason that agent ceases to be able to act as agent or no longer has an address in England or Wales, The Buyer shall promptly appoint another person as a replacement agent and shall give notice to the other parties of the new agent&#8217;s name and address within England and Wales.</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">15.22</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:11.25pt">Nothing in this Agreement shall affect the right to serve process in any manner permitted by law.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">THIS AGREEMENT </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">has been executed as a deed by or on behalf of the parties and delivered on the date stated at the top of page 1. </font></div><div style="margin-top:6pt;text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">23</font></div></div></div><div id="idc4415f90b2d43dd905869723a4f93fe_169"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">SIGNATURES</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">BUYER</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:136%">Executed as a deed by </font></div><div><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Aaron James Pearce</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">for and on behalf of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">BRADY CORPORATION ASIA PTE. LTD</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; AARON JAMES PEARCE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Aaron James Pearce</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Director &#47; Duly Authorised Signatory</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Suzanne M. Benevenga</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; SUZANNE M. BENEVENGA</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Suzanne M. Benevenga</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:136%">INSTITUTIONAL SELLERS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">LDC (NOMINEES) LIMITED</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">as nominee of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC V LP</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; STEVE ASTON</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">acting by</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Steve Aston</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC (MANAGERS) LIMITED </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Director &#47; Duly Authorised Signatory</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Rachel Aston</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; RACHEL ASTON</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Rachel Aston</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">LDC PARALLEL (NOMINEES) LIMITED</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">as nominee of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC PARALLEL V LP</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; STEVE ASTON</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">acting by</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Steve Aston</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC (MANAGERS) LIMITED </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Director &#47; Duly Authorised Signatory</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Rachel Aston</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; RACHEL ASTON</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Rachel Aston</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">24</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">LDC PARALLEL (NOMINEES) LIMITED</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">as nominee of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC EQUITY V LP</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; STEVE ASTON</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">acting by</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Steve Aston</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LDC (MANAGERS) LIMITED </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Director &#47; Duly Authorised Signatory</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Rachel Aston</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; RACHEL ASTON</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Rachel Aston</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:136%">INDIVIDUAL SELLERS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">RICHARD SCOTT </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 10 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">CHRISTOPHER THOMAS </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 10 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">25</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">ANDREW MATKO </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 11 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">LUIS DE LA CRUZ </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 11 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">IAN CLIFFE </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">26</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">SIMON CRADDOCK </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 12 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">DEBBIE CLARK </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 10 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">GORDON HAGUE </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 19 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">27</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">DAVID WORSDELL </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 11 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">ANDREW CORNELIUS </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 10 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.000%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Executed as a deed by </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">ALAN PICKERING </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">acting by an</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">attorney appointed under a power of</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">attorney dated 10 May 2021</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; IAN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Ian Cliffe</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Attorney</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">in the presence of&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Witness Name&#58; Mrs. Kathryn Cliffe</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#47;s&#47; KATHRYN CLIFFE</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Kathryn Cliffe</font></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">28</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>exhibit991pressrelease0521.htm
<DESCRIPTION>PRESS RELEASE - BRADY CORP ACQUIRES MAGICARD HOLDINGS LIMITED
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i4d2583479efe46559a569ac3939653e0_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;text-decoration:underline">EXHIBIT 99.1</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">For More Information&#58;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Investor contact&#58;  Ann Thornton 414-438-6887</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Media contact&#58;  Kate Venne 414-358-5176</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%;text-decoration:underline">Brady Corporation Acquires Magicard Limited</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">MILWAUKEE (May 21, 2021) -- Brady Corporation (NYSE&#58; BRC) (&#8220;Brady&#8221;) announced today that it has acquired Magicard Limited (&#8220;Magicard&#8221; or the &#8220;Company&#8221;) for approximately GBP 42 million (approximately USD 59 million).  Brady Corporation will fund the transaction with cash held outside the United States.  Magicard, with forecasted sales of approximately GBP 23 million (approximately USD 32 million) for the year ending December 31, 2021, is a pioneer of ID card-printing technologies with a full range of desktop devices to meet a wide variety of local, on-demand, secure ID card issuance requirements.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Magicard was founded in 1992 and is headquartered in Weymouth, United Kingdom.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">The Company specializes in identification card printers with high-resolution, full-color image capabilities, built-in card security features and the ability to encode smart cards.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">In addition to card printers, Magicard offers TrustID desktop ID card issuance software and Securicards smart cards.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">The Company&#8217;s products are sold into a variety of end markets and industries.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady is a leader in high-performance niche application industrial printers and materials, and the acquisition of Magicard adds rigid card printing and encoding capabilities to Brady&#8217;s extensive printer offering. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%"> </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">&#8220;Magicard is a highly regarded U.K.-based company that is well known globally for its innovation and differentiated products,&#8221; said Brady&#8217;s President and Chief Executive Officer, J. Michael Nauman.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">&#8220;The acquisition of Magicard allows Brady to expand our product offering into rigid-card printing and encoding.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Magicard has a complementary product offering that allows Brady to offer new printing capabilities to a diverse set of customers and industries.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">We intend to expand Magicard&#8217;s addressable market through Brady&#8217;s global footprint throughout Europe, Asia and the Americas.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Ian Cliffe, CEO of Magicard stated, &#8220;Over the last several years, we expanded and enhanced Magicard&#8217;s new product development and manufacturing capabilities, and we&#8217;ve broadened our portfolio of high quality, versatile, secure printing solutions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">The sale of Magicard to a market leader in printing and material solutions such as Brady presents an excellent opportunity for long-term profitable growth for our business.&#8221;</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Excluding one-time acquisition-related costs, Brady expects this acquisition to be slightly accretive to earnings per diluted share for the remainder of the fiscal year ending July 31, 2021.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady&#8217;s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2020, employed approximately 5,400 people in its worldwide businesses.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady&#8217;s fiscal 2020 sales were approximately $1.08 billion.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">Brady stock trades on the New York Stock Exchange under the symbol BRC.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">More information is available on the Internet at </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%;text-decoration:underline">www.bradyid.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:150%">.</font></div><div style="text-align:center"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:174%">###</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In this news release, statements that are not reported financial results or other historic information are &#8220;forward-looking statements.&#8221; These forward-looking statements relate to, among other things, the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The use of words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;should,&#8221; &#8220;project,&#8221; &#8220;continue&#8221; or &#8220;plan&#8221; or similar terminology are generally intended to identify forward-looking statements.  These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions, and other factors, some of which are beyond Brady&#8217;s control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.  For Brady, uncertainties arise from&#58;  Brady&#8217;s ability to successfully integrate the acquisition of Magicard Limited&#59; adverse impacts of the novel coronavirus (&#8220;COVID-19&#8221;) pandemic or other pandemics&#59; decreased demand for our products&#59; our ability to compete effectively or to successfully execute our strategy&#59; Brady&#8217;s ability to develop technologically advanced products that meet customer demands&#59; raw material and other cost increases&#59; difficulties in protecting our websites, networks, and systems against security breaches&#59; extensive regulations by U.S. and non-U.S. governmental and self-regulatory entities&#59; risks associated with the loss of key employees&#59; divestitures and contingent liabilities from divestitures&#59; Brady&#8217;s ability to properly identify, integrate, and grow acquired companies&#59; litigation, including product liability claims&#59; foreign currency fluctuations&#59; potential write-offs of Brady&#8217;s goodwill and other intangible assets&#59; changes in tax legislation and tax rates&#59; differing interests of voting and non-voting shareholders&#59; numerous other matters of national, regional and global scale, including major public health issues and those of a political, economic, business, competitive, and regulatory nature contained from time to time in Brady&#8217;s U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the &#8220;Risk Factors&#8221; section within Item 1A of Part I of Brady&#8217;s Form 10-K for the year ended July 31, 2020 and subsequent Form 10-Q filings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">These uncertainties may cause Brady's actual future results to be materially different than those expressed in its forward-looking statements. Brady does not undertake to update its forward-looking statements except as required by law.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>brc-20210521.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:1a285189-5d6e-4beb-beb1-7762d71391eb,g:a070751e-2e21-4591-ba0d-b6439b29fb7a-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:brc="http://www.bradycorp.com/20210521" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.bradycorp.com/20210521">
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2020-01-31" schemaLocation="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="brc-20210521_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="brc-20210521_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="DocumentandEntityInformationDocument" roleURI="http://www.bradycorp.com/role/DocumentandEntityInformationDocument">
        <link:definition>0001001 - Document - Document and Entity Information Document</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>brc-20210521_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:1a285189-5d6e-4beb-beb1-7762d71391eb,g:a070751e-2e21-4591-ba0d-b6439b29fb7a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_DocumentType_d9c89ab0-b06d-43a8-b79f-235378947673_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_26f390dc-fac8-4750-a741-2533ea83f44b_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_d98240a7-5511-4e9b-93a3-b063fe1fb14b_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_0c419696-7b77-4a47-a0cc-cd97b6fcb09d_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_4ead580e-c792-4d51-8569-d04eccad3a0e_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_113111c0-1b42-41be-8eac-3a8002e90c1b_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_bafa8719-45a3-4283-9d63-9ff694e780da_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_99e7d0ed-c3dd-4d16-8f4b-075cc133f58d_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_11664ede-7c4c-4a96-aa8f-482ba96d6af4_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_976b6930-68ca-40f6-9426-6b8062e8d561_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_858d4bb9-4d99-44a4-9932-b9f7e1d0c80f_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_c1295557-2048-418d-81c3-95189614cbdb_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_756f2be3-1ab8-4043-9806-094b9ec4c15f_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_7861e809-2226-4fb5-8601-2abe55ce1cf5_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_9e1d3d3c-ea13-460f-8375-744cc56194b7_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_a39281c8-a6f8-4d1f-8684-4dce2edcec76_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_db73b0bc-b0e2-47a5-a232-3b675e81dd78_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_93f5199a-a092-4492-9fc7-34efe68be966_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_0314fb1e-308f-4813-b40e-376e785f0b96_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_84176e89-009a-4c4c-b8a6-5e3ec93842ce_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_09e3419d-4ff7-4264-bacf-c64545d6cd63_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_65bcd8b3-8d07-4b00-9d97-ddc97194bc84_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>brc-20210521_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:1a285189-5d6e-4beb-beb1-7762d71391eb,g:a070751e-2e21-4591-ba0d-b6439b29fb7a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.bradycorp.com/role/DocumentandEntityInformationDocument" xlink:type="simple" xlink:href="brc-20210521.xsd#DocumentandEntityInformationDocument"/>
  <link:presentationLink xlink:role="http://www.bradycorp.com/role/DocumentandEntityInformationDocument" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_9d6bb912-c60c-4e61-bd58-86f7c46e1513" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityRegistrantName_9d6bb912-c60c-4e61-bd58-86f7c46e1513" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_1fb0426e-422b-4ef7-95f3-696b950308c3" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_DocumentType_1fb0426e-422b-4ef7-95f3-696b950308c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_e47c1f48-664d-4fb1-bebe-52afc7d39d12" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_DocumentPeriodEndDate_e47c1f48-664d-4fb1-bebe-52afc7d39d12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_bae6d797-6bf5-4c5b-8e8c-0db5de15fca0" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_AmendmentFlag_bae6d797-6bf5-4c5b-8e8c-0db5de15fca0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_881eedb5-7d78-4992-b93b-a91a52c0769c" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityCentralIndexKey_881eedb5-7d78-4992-b93b-a91a52c0769c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_ec8d3763-f9db-4081-8077-d6ad47abeed8" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityFileNumber_ec8d3763-f9db-4081-8077-d6ad47abeed8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_b2df90d1-b634-48e9-b30a-0178d5595ebd" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityIncorporationStateCountryCode_b2df90d1-b634-48e9-b30a-0178d5595ebd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_e985592d-9e75-44a9-9650-63cddc7e5d3a" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityTaxIdentificationNumber_e985592d-9e75-44a9-9650-63cddc7e5d3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_98f5df74-9f54-4752-bc2c-d7f5d82679ae" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityAddressAddressLine1_98f5df74-9f54-4752-bc2c-d7f5d82679ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_fd940946-1a26-41a2-90c3-3515819a2b1c" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityAddressCityOrTown_fd940946-1a26-41a2-90c3-3515819a2b1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_d086b38c-607b-4746-866b-e9466447b40f" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityAddressStateOrProvince_d086b38c-607b-4746-866b-e9466447b40f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_0f924814-d05f-4ffa-8fea-730161785a55" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityAddressPostalZipCode_0f924814-d05f-4ffa-8fea-730161785a55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_77e66c2d-1f78-426a-9924-a4df12ebeeda" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_CityAreaCode_77e66c2d-1f78-426a-9924-a4df12ebeeda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_34e02887-d87e-4fd4-84be-0b6f84ea61c8" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_LocalPhoneNumber_34e02887-d87e-4fd4-84be-0b6f84ea61c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_a2a01e4e-119f-4d8f-afdb-367afee8167e" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_WrittenCommunications_a2a01e4e-119f-4d8f-afdb-367afee8167e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_154b6aed-60d1-42de-a914-0455c64a0367" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_SolicitingMaterial_154b6aed-60d1-42de-a914-0455c64a0367" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_30c4bb96-6eb1-4beb-a770-390a123b7e33" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_PreCommencementTenderOffer_30c4bb96-6eb1-4beb-a770-390a123b7e33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_625116f9-1699-4395-a87a-b128a74168bb" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_625116f9-1699-4395-a87a-b128a74168bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_ca9a8e3d-93fd-412e-920c-ffd7bf4c6465" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_Security12bTitle_ca9a8e3d-93fd-412e-920c-ffd7bf4c6465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_3a909c84-b495-446e-ad3e-9a68daf9fec0" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_TradingSymbol_3a909c84-b495-446e-ad3e-9a68daf9fec0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_4364a545-0d46-4586-9df8-f863f8cacd35" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_SecurityExchangeName_4364a545-0d46-4586-9df8-f863f8cacd35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_5a9a79f4-b9e8-4d60-bde4-ffd4354fe8ff" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_410c08c5-5340-4779-a04f-f795abb7e617" xlink:to="loc_dei_EntityEmergingGrowthCompany_5a9a79f4-b9e8-4d60-bde4-ffd4354fe8ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>brc-20210521_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="brc-20210521.xsd" xlink:type="simple"/>
    <context id="iaae60f49888d4586973796afbc58e322_D20210521-20210521">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000746598</identifier>
        </entity>
        <period>
            <startDate>2021-05-21</startDate>
            <endDate>2021-05-21</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl80L2ZyYWc6MmMyY2MwODMxZDhmNGY3ZGJmNzkwMzZhNmJkMGM1ZTcvdGFibGU6Y2E0Y2QwOWE1NmQxNGJjZWEzODU0MDMxM2FlMDdlNjEvdGFibGVyYW5nZTpjYTRjZDA5YTU2ZDE0YmNlYTM4NTQwMzEzYWUwN2U2MV8yLTEtMS0xLTA_3d42c9a6-7a3e-4ab8-96c9-1011f73ba853">0000746598</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl80L2ZyYWc6MmMyY2MwODMxZDhmNGY3ZGJmNzkwMzZhNmJkMGM1ZTcvdGFibGU6Y2E0Y2QwOWE1NmQxNGJjZWEzODU0MDMxM2FlMDdlNjEvdGFibGVyYW5nZTpjYTRjZDA5YTU2ZDE0YmNlYTM4NTQwMzEzYWUwN2U2MV8zLTEtMS0xLTA_47d990dd-e737-450e-baf9-ee708053307b">false</dei:AmendmentFlag>
    <dei:DocumentType
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjE4_93155969-09b9-4b4a-86b5-006f84d6910f">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8yMjU_7e719f33-3342-4e85-be36-c78115529126">2021-05-21</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI2_dbff2a5f-071e-4268-8a12-cff7207e1962">BRADY CORP</dei:EntityRegistrantName>
    <dei:EntityFileNumber
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjE5_0284bd67-0b47-4a2e-8ccd-c10e053fc08d">1-14959</dei:EntityFileNumber>
    <dei:EntityIncorporationStateCountryCode
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDFhM2E2YTU4OTcwNDYyZjk3MTBkY2UwOWNiYWM1NDYvdGFibGVyYW5nZTo0MWEzYTZhNTg5NzA0NjJmOTcxMGRjZTA5Y2JhYzU0Nl8xLTAtMS0xLTA_83deb480-9a95-4c13-92b4-32c6e29726d5">WI</dei:EntityIncorporationStateCountryCode>
    <dei:EntityTaxIdentificationNumber
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDFhM2E2YTU4OTcwNDYyZjk3MTBkY2UwOWNiYWM1NDYvdGFibGVyYW5nZTo0MWEzYTZhNTg5NzA0NjJmOTcxMGRjZTA5Y2JhYzU0Nl8xLTItMS0xLTA_069074bd-c7d7-48b7-8531-8bc5d1a96e94">39-0971239</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIx_401c9d89-205d-4e95-8637-a9555b5bedb9">6555 West Good Hope Road</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIy_b6930147-9ffb-42ca-8e7e-9077bc00fd74">Milwaukee</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjIz_266b39a8-4aac-48e2-8881-f6d08f5b5e64">WI</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8zODQ_00998c7c-44f0-4dec-b119-409b12fa056e">53223</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl80NDI_21156485-82a0-4162-add9-7caa4ba68199">414</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI0_9b582d27-242a-408f-bafe-eed61f5e02f5">358-6600</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl8wLTAtMS0xLTA_4b595b0e-202c-4911-8a4f-d6ef8c08fc40">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl8yLTAtMS0xLTA_1d7fa315-9c7a-42ac-ad9e-b8ed6b2269f1">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl80LTAtMS0xLTA_74dc5d84-85fe-43b5-b05c-0524f4f5170a">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6M2ZkN2FjYjc2OTAzNGI3ZTliY2M0YTVhZTAwM2RhYWYvdGFibGVyYW5nZTozZmQ3YWNiNzY5MDM0YjdlOWJjYzRhNWFlMDAzZGFhZl82LTAtMS0xLTA_d4d5ff56-5ee3-486f-a480-a33dce2cab9f">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTAtMS0xLTA_e0877671-9f90-4de0-998d-b089597aa65d">Class A Nonvoting Common Stock, par value $0.01 per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTEtMS0xLTA_74ebc15a-40b2-4935-8460-135a10645761">BRC</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGFibGU6NDgyMjQ0Y2MxYjZkNDQyNmE2MTZlNjI3ZmE3NjYyZDUvdGFibGVyYW5nZTo0ODIyNDRjYzFiNmQ0NDI2YTYxNmU2MjdmYTc2NjJkNV8xLTItMS0xLTA_f6fdd416-3db5-4f62-8cfd-073809c6e3c7">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="iaae60f49888d4586973796afbc58e322_D20210521-20210521"
      id="id3VybDovL2RvY3MudjEvZG9jOmQwMTI2NDBmMzg5YzQwMmNhZjc0N2NkZjM0ZDc3NjE2L3NlYzpkMDEyNjQwZjM4OWM0MDJjYWY3NDdjZGYzNGQ3NzYxNl8xL2ZyYWc6MjM5MzJlZTBiNDExNDFjOGFjZjQwZGI2ZjIwMmZlOTYvdGV4dHJlZ2lvbjoyMzkzMmVlMGI0MTE0MWM4YWNmNDBkYjZmMjAyZmU5Nl8xMjI1_80eeda7a-cdf8-421e-95b7-961460de85a7">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140639737861944">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information Document<br></strong></div></th>
<th class="th"><div>May 21, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">BRADY CORP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 21,  2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000746598<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-14959<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">WI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">39-0971239<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">6555 West Good Hope Road<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Milwaukee<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">WI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">53223<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">414<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">358-6600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class A Nonvoting Common Stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">BRC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M,H+T<'B_=HL;F,1A.?>T7)X8/UROB2RHW#_ K?H_9!-C<B!K FR0;02LS#_
MG?I96)C*U9+0X)?%KV3.HQSJK7:9T: T3AA,&B/RJ.2;*FK#52S,<W.KHM<+
MDC%-WEB2<_*S?^53DD'_S9IIM!]'RW?<Q9\UB]TSY]MTH6JKL4'@=C;&0*H)
M(,#-^I!!<O\>K9E<\9.K_@:AQ^_S>XRH\OW@+-^_3[E>N11]!@6[=J.3,5D_
MTKC@R>KSCC:*;M/]P-P3#4GX$H3\JVOP<+W;Q^X:5F7%WG&A+.Q$B\,U[/VY
M=C? ]:52]M!PV]'RWX3AWU!+ P04    "  25;I2GZ ;\+$"  #B#   #0
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M/[&\UDX:?^:+X3]>?P%02P$"% ,4    "  25;I2!T%-8H$   "Q    $
M            @ $     9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( !)5
MNE*$2)YV[P   "L"   1              "  :\   !D;V-0<F]P<R]C;W)E
M+GAM;%!+ 0(4 Q0    ( !)5NE*97)PC$ 8  )PG   3              "
M <T!  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ $E6Z4E)G5BU'
M!   61   !@              ("!#@@  'AL+W=O<FMS:&5E=',O<VAE970Q
M+GAM;%!+ 0(4 Q0    ( !)5NE*?H!OPL0(  .(,   -              "
M 8L,  !X;"]S='EL97,N>&UL4$L! A0#%     @ $E6Z4I>*NQS     $P(
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9>&UL4$L%!@     )  D /@(  .L3      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>96</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="brc-20210521.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0001001 - Document - Document and Entity Information Document</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.bradycorp.com/role/DocumentandEntityInformationDocument</Role>
      <ShortName>Document and Entity Information Document</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="brc-20210521.htm">brc-20210521.htm</File>
    <File>brc-20210521.xsd</File>
    <File>brc-20210521_lab.xml</File>
    <File>brc-20210521_pre.xml</File>
    <File>exhibit21agreementforpurch.htm</File>
    <File>exhibit991pressrelease0521.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2020-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "brc-20210521.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "brc-20210521.htm"
     ]
    },
    "labelLink": {
     "local": [
      "brc-20210521_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "brc-20210521_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "brc-20210521.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 23,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2020-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 96,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "brc",
   "nsuri": "http://www.bradycorp.com/20210521",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "brc-20210521.htm",
      "contextRef": "iaae60f49888d4586973796afbc58e322_D20210521-20210521",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:EntityRegistrantName",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0001001 - Document - Document and Entity Information Document",
     "role": "http://www.bradycorp.com/role/DocumentandEntityInformationDocument",
     "shortName": "Document and Entity Information Document",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "brc-20210521.htm",
      "contextRef": "iaae60f49888d4586973796afbc58e322_D20210521-20210521",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:EntityRegistrantName",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer",
        "terseLabel": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer",
        "terseLabel": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.bradycorp.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0000746598-21-000070-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000746598-21-000070-xbrl.zip
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MYL/:BB]8.68R!&S;.:V]N%6I5@W5>/#58RE5,=]>W73U/(=_L0Z,%**C*/!
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M_^$>^<4G3YDAP[5O?YI$03I$&.9VD@="1#.43KTA2@N5G<4'%*NOW/1=.%/
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M]];=Y('V%-.BGW7I+DG5#YF.E5Y5RTIH)U)O)N;>3.EHMAGUKLR+9HI)RKB
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M (1F',?Y*7!!.0&^]K1D'L6NM/[2\G;PD:*;"^SXL77).%MDN]DQ#*XV3G1
M=3?EWIB60@Z,Z&XRNWC6M.F*YKDV<W8^_Q K_?!O_3B#3'L8,05P& 8 NP0#
MP64(),$^]A61BEC_8%YM#R.%=*W2*60Z1F=;5+>-M.6UASW#0&OO3 =T&[+O
MS>]VW($A;DAKE^2FANUQODIY_D/0EX\+D<QGQ!=24>$!JJ#!6$ (F&(!4$JR
M(/\T3E+K[UE5(H\-W[4X9Z7.'MJJ78=A[6S"B2&US+\5FK6Y]D"R&F\P%&O3
M*"-8WZ )O;*W%^;>V8O-,]'J1[W/7OP?4$L#!!0    ( !)5NE+Q(S]QN08
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M$'J?X!^>&+U3[V7>W^GT"5=%UU?5_FK6N-1>6*L34DX0!RSY#-9S!4H$Z9A
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M$E.WR=#A__^#Y(S\CF76[L'NX/!H_^1X(UM/*EOM_G?/+UZ1'9,QU5'[D'B
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M=:[('GA4DBW0F1(6RS1(NV&PH$F(YW/*)&O)T" FL&2$7UK/LF#KIVVGZXR
M+BIN16.Q&(-6%Q'1TL-U!N@-/"JNEC6>)+8'WH/DF.$#)_'!#KS:FJ^;-\I5
MUHWWG=M<QZ4)NM3JO9JPX<RIE88J=ZVK#P8>E28; "(>:[(N(ZR(-;EN=_'L
M\I3!2;#UA=^ [O@#8HV2Z"-F]>>ZH%C0:5G6!6[^Y_0^MT,PY'?V?)NC4W)
MT'AY[LD9>#<U689M?Z0[$1TO>39.4%D\?S #9PP,+]R;J#I\F[M>X]DT6?.'
MI1UGT;NYN\JQ7=2SINRX#FAPX-O4_,))GV>=FC6W0KR!1Z^T%QULLS$]AKX)
M:A,2P&C C4J?6\UYI^6PKC#5STTU"S-S[-O,O%.+9V_#NNV4GNQQI8'Y\VC-
M%: W"'-1@$(M1/DC./[&24\M2+@&C3](R.K1GU*?5&C)O_7'89W"ERQO'0^@
M;PU3*09IVPU_6P5.V#V40?!W><+1(0SFY_5(0'X?\^B&%74L):"FMPLR0V6O
M\A',QYW%&. %?4V7F<39]#!^!(3P":O84Q&"-TKB__PNB:/]_<'!^&1W-(SW
M]^+X9/?@^/#D:+BG]L<G>V/]?X^'W_4\_1DDIC^O/-SY.ENU[^D=+,N1R17]
M<GU^_N;\ZC;X^>UU<'-Z>;Z621N/.D=8&-&-T1VL-K! NY^.H H:VX-1V+RS
M96-C\H"CQ%0Y5U%P>5(KC"=K:?:&#_BI7MC?C.I%R/ AOI6%FE^;XA$T 247
ML:;Y?8\:3UB9..]?7>+G9V 9MX@O\U0 _!^Q?L$89(G3M'C'\PPT^(CBBQPE
M(MDAY#\.CS^#QXV)4:VJ8$B&#R**BKKAQY^U1=/4_IO#OS#Y8,0V$G4 /(+*
MP342@C8=J6-D%TA&-1^'L08GJ< "&*I(P%=72<Q\!5Q1Q5/0_I9J$9W!K&?N
MV2,F_%8QL*M:$) ZDI@[+U;$JZ)-DCF:JJ;WC2"+1%*=U@BM"].T<R%VV9#;
MQ@B^K=-*99KZ5ZSKTGN3;NG55E%^IS.%@6<Z5F"E3"=)JP=(E3$_*8QDS&2D
M/7K-O01+'ZG=!Y&8X#?L4Q#M'A]U>.>/U8120+GBK&5MJ)!Y@D1N4Q[N^IJ#
M]G2\X/+P9YI!.5X1KH$MFV9S]K$*.09YG^"?\L5=N_,2BW!HF7RC/),-(FE.
M*HQ(N5C/X0\VOV=BK 67 SN^&ZR/F $@\G8[(N$&W/PNCZ@2D'9%890V U([
MXVW&DV==UQ"!HJBSJ5JA0<M_+(''%_(6CUQO\7E<PCW_7,*SMU<W%Z_/KT]O
M+]Y>K>59ZA$ K&5&J0ELA0D6]UOC9UY@VT"#T&N,'^(/J&>X(9F!?S@(3_;W
MPL'@:&=X'&SA]QX@Z<_ H@=[O_"E1=MV*+WS+($4N@^4F5'EE'WE90][A)70
M9&S$KC]#AHZT+5"T*ICI41.%G<UZ;1)B]'/ >V<6O%<*>J\+W,._J-I^A6BL
MJ6_N$7ROQ9LBJTU",Z*C%,XZ9LWH.C02?%VFP6N::KO!UR5;%&UC)Q2,U^+"
MS#+AWG.Y&K'P3'$\5D;(?1O[6--"$W""I<8/F]8]\$*IN@_;O 1PGM=1QW5C
MI01/)-.@HYSX3QM9@KN&8K=3_<F<DT7PPJ&[@3[E[&])Z>#8"NE?,@8&>X.^
MV'%[$SU3W'C?1R/AS;O+\[6U$/8]M!"<(# ?2UB'%5!W5],?DE@\==G100;&
M=).GX#<374<R@^T-[@$Q:E+H;+E^47_0$3BF\7K&4_9]/&%:D7[W%.F+X5/\
M:V'Y?9/")4Y^$'\2'+<SY'L?O<3>^-+['D9"K_(*%\-6=S=KN;[E-/O^-3@D
M>^JAVNPM0]H@Z0>3T:::N8+-G@0;RFQ3O$**][&$EJPR87!S=NH(-A>[%86>
MH?4/WL2<;".T[IO:__4%HNS[U\W0X0-+=+G>?-#['C8/I!/*Y 2:9)]+$=^N
MFLD[9(>K@3#K@!ZB:"NK"TMZ*^V^,08AW+A8C*L_(&$[1A@:FL"FYSHINM@T
M#7!G:9M, SSXF80FR=:X$'O?P_38'VB9R4IR]AW/G4ZB.MC"TX.3IGBN&*Y
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M0+)2/=%N%1TW/'TD<EF86U.XP% S&_,99*77R&7 *=_"V,S.Z6&CFPGV!)*
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M45X1K^_> *PC>.IP=W#R>1*VK@>*?R$"@H>Y+C># !'=BHN$_Z5('2^0\.K
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M7I?Z&,>)&Z*?4QV[#0L?I]D'MC=[,\:D$<VFHPFZW*8=LO2F++'!.[;V0I^
MZ9"9K6[.Z#U#6RBTAKW-N1SD/KY6IB<YC('!HJE6PB&VY&HP?3P:@4U/JS4.
MN@]\#+JO7JYE ,+R\AGX D$Y>V $Z\M92:OIC6IT5M.T((*M7_$A;!8IQE9&
M:?D75G)=Z?QH,;T)$\EB;O57XT6JU-OM**>YLEUFVUPH=_AH"\6;*.? )^YL
M-WAG6#VEQYIADT'SGDXU%"C$@9%5B^Q+:WVL>012;I(,KOTC7):V]0&9;*;U
MM?F0T@M$^#5;ZV/+(Q2QK%;RY8 A'9.?(HMDYW,7;(Z4]X>X30\_ZT>NN51X
MHVG;4N'NXWM5VBU<C](D,L2T$MK&9GJ*&H-E23EMTN2&WE/<E!Q=07+"^G^@
M*@/E):=(.AFWGTB9R_NDE,8N'6>*&AV;\*6)W\]-=V$WF$G'MWLU-VMW/#E*
MV#41;8E2&,^OP$8Y6N#"<@M\)8Q89.W76>-&+B3 WL2V&P%V@E"MEJ@H0$5L
MR.!GEIZQX1P!1VR2E%P($8)D36KX=UXL#-B=0=J,T6:7GJI1;4Z=^@83NZ7T
M[2CI!X2BI_I/>Z7='+9K["G'Q$1BUB!;3N+A#9GB*O&8UT59*SYYFI;A@WWL
M%[*E*/Q88O^=&J3C<-W]L3U_^-57K9=;=J(SJ5ZV>IX^9#I3R@N[*?A.O&\#
M&737_J@]'2\!,NB7MEN1S7<-*1%DDEE7[9@,*QVG#BQ!C(TXV*HSHE=@$ &<
M*F#PB(]56J^8@\3N6:;NF16X]Q3;EBX>9)&U[MF.WP=2$O%%_(0M81?"J(DP
MUWY\M9\W2S_PJ;64"9A<9+9)_%J'0?;]"X.LS-ZBA#=)U*SC<@0C529E2V,T
M_HX]]D:+%8$OQBA5A,:A/%/KWG\EQS/8/?9;#,!.\T4&AGL[A&'! Z"-9L.%
M<NHKA!".LIH.-0?"9L9YFN32)2KAPC&GNRAS/,*@L3DMB@.="KTXM"ZBKMRV
M@$6^H=2MK<(/.K3ZK?O\-0"W_^(T\DF<!E:>+,B4B@2C!,2CDJY!9C$[.27S
M!666\\HFJ>5365N4*"M0^,OXSH5F]$E&^*01C6=:9WA]BMR0]8$EZM(U 3V'
MB-IJ*C*:<$]2J:AQW@G)FS&=1@2N82%] C]O4ORR8^E(]2U6S6((\YG$]:KS
M],N<FQ+XM%07 MR=<[?NPC(2(/0[3YELJR$F,WUST+;.*MMZ;J9G(UVTX-PV
M@4BPK;6%-7D3#K)V\E5>H<.#36GH$&Z<L6'8HB613NV/KIU#C-54@3/G$CJ(
MC\DIB^-[!#JU!+$OAK'6AOV!?X8]L:7"YB>G'#SX: HG1V'J0)QC-5PE',;\
M:HX:IOP@!<+G+N+?L!]D92@"6B77VP9BS<Z"+;TN--@#Q ^,P+ER*8GCRM):
MI]0.O#N\B/,(Q(8*@VI8W31IF&N2J$X5+7D\2\J2PD0"_FGL#=-BT7Z3T()F
M.FH';%P27&JA9>^)*2EIZLC9"QP#B1[JG3N5$F#2, /KJ"ZXM$\LQ$>5'M-H
MH+$4Y9.,K$?8"M%[+&R:JJPAQ@9!P1>PZLXP;E#%0&E8,E3EOLN:RZMW*6!>
M2A?*+:UP.X<4TH[%C?3=-&*#BNO<K#PBMT4,"SU1W$)M-18.;U4U6#BRQRHT
MJ<@^([=YM!#5R)^U@"7EFE<7H\1X$VULDTB(A4-Z@JN+==OQ[+M ?ONXAA%J
MK$\Z*KDEA%%HV-@6EI-;E=+O B&;:^&JI1^A8-NI:KI\I&RZM'73=]K"%Q#2
M'9HRZH:4D5'C<AN$>4]U/!'%G"+%ON5C=!J2\_24#\P/EF0Z[NQC5@(]I+1
M^Z5<A6LOK*TWXDVRT_%&6O1[5'[#6\O%SEEA%'2,RK*\ALVTRC9PFKZOUJP4
M[>DI2EYK)^/0.R<#%4!G.3LX22<J*RJ)^#3Y@M[^K%\D=]?4:MD35X[P]146
MWUR+F?25)^AD>^F[E7QT$')4DV@.N)E,4V+4Z=G-9P%5)E7]IX[Q?VWQ%I'
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M--(@9O8K7H4MNT:!01+0(86ML?FQJ2K[J;%733A,'[BI,SSTD!=:<;=2I-.
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MO[R&2^+RX'["-CFT:J,4K6&2:[@=I@4Y,][\O/_7X[S.;,<>K%-AFSV&[9*
M6R'E?ZT>-:,\)E@2LLYKZJ[Z9PV.3)Q$QDPADUJJU LP1T1_X"!#T_J/OJ82
M\M8529K8;G04@A758,L.'YP.%_]BZ<V#<<V)/A%LUC9K&F,]\##B?O%1D@AN
M)@OC8P*$QP(?Q0T70A$XEU 6+)]IV_6ZM8V8MR76J:;CH$"6>Q!=/DU2H8CN
M5IC"Q&2& J"Y$UQ%O2L:IAC.&-"A0G).CT%A;1[$HBN/4ORG!%)'NGU $J<-
MF/'TDFLKL/XE!5SU:]D(!7XI#4<BRZH@E%I3305$1+U0MGJR]E 08=/%8F:M
MBE1G$Y 8;I[*#UJZ(Q,-)<ZA+*T]Z&A&480-%.?P,NMIG)S5LYJSSVON=_G)
MI.-4^U-$#8ULB^-9KO/'3B)1LV*$+Q*7!V2Y2=ZX4*#V+;9M-Q+X'9?8MT)\
MI0WN=8>2JOOUW (WTB'Z,A$[:5VW@'\<(K]Q2$U_H/:/Z:(1."O+(?O (YA4
M.=5;AP!N@506CCW4J#:I /><23(V>?I80XIVLV_&$C2W<?A#9J:=. R5"M1Q
M(_V)/!<I6=SFGPQ(DBN?%JWMS;:YRH,WNI@\D&O[)O%.@PW>Z0NHKA/O5-<*
MO%,WB_"(N[R$5FDZVJVGUL J7!!X] '7UM0<['HCK0.!=]SVQGOU!QW5QB]'
MQ%8]&W'*-W*6R>7E,H%@."43<KE*#1]A.MO]16C/3#=RA %F/(436%N5<L"!
MSG9S695/F+;*\@":*JL\:SK:EVJF*7E=U 3J"V[[]IT0I#3\LC6Q$KI<8.9=
MR+$T,Z'0 4160'RD\T[KN1O/85+ ^K&3M[8[TA_<S(H=:1B3.1I[6\#CA#?Y
M=1[5W,_=V1 HOXRK(=0>=3%OW8LL77NJC'1UCT#"3BYG"7\KH(P9EB\6/6>:
MV8-\ 9:IE%&1C)KRL(>&S_:R),$?B^;PZ+CY:CTW_5V1'AJ3Y90HS'*#0FD!
M-D.:QUE2MG&>81?WB=!'1''2X[8,8QX!0"EN+W%Q&FTO0SN6,KB_DDD<)S#O
MJW^WW2Z?:5P?IWJ\ UL.SMG%ESFF6@-8FW&A:HJNQDDY!74%4LW.$MSQ+LGK
MLA$)T,@M@3!_5^H]_]6>&_C@GLNA3::4_IKPO4R\(%,5PKWNIZHJ<W1V>L5L
MJ>":*VLS/(!4(;Q^'R=\1$2 LZAC*?H #0-WJ!/DJF&'C&RN)JCBNH8&%C9:
M2%M8,Z;0KJ.*(H)\";.A))%-;5=[/"%'8U!"P<6,+3,/C(GRNVT.9&9"-^^\
MKJSEH&G]0?L83?L)NZ?+7 I"X!+5N0WL*;M]6I9YA RAI?L#RYG/ #R22V3H
MO,NQ>?1"]+.%O%$T@=!V91M-,:+M(9)#]]J&+:W0]G%C&Z&+=/CKN(;/.1<<
MPI">6,Z8BS.^B6(,V '^('S,#K@RI^Z6LU#FA'NPRY)@<#Z!06H;52)R9!-"
M!!,OQ,[.E+HH<1;8T_]$<46BI "[01"J";+!LB%#V+G*)A0%/@H#>-5XSKBE
MH[HL34HPAA, GAQAF ]!=HE-+MD*"W,:ZJ=UN[V22W_P&(U<6N29P4"1L8Z+
M1CO)UI90X26LLN2377 VRX( R"FI$9OB47/Z+XS)(J8;2J#5__2/.B6WN&LT
MKJ?7U]F_:C+!0NS*F:^UW0/^H#@^V3HQ=G*#OK!E56P!5'F%B>OEU;3XXZ:#
MFG&7*,Z"ED79GQMI'1ABSW0,A$NMWH-BWZ9,I&P^/O'1NRO9::2D.E$4C#4I
M9ARI[<X0Y:48(F ]Z SU %OHUERR1=\V,<-#: K=^"VVG? /)D8U^ZMJAI$<
MG(<ST!Q@E!12A$BM'-)%IS6%G5A3>D'FF)2\[>T,UE,M7&N,?*TM'''@#R"F
MB0$9=P,#L@7//Y]O,Y#X65+JI7.,S"JN927>D%:( 6:Z3MG4X>XH]LB[G^9D
MC(DAN!QP,1#=!N*+5M6?L)\C.5L9,[A\MMK8"64_W=RGK?W%1.YV+RW28^-:
MSZUV(;IQ;?>:/V@;L]<,6I)+<#3L,%V2$*<4N9NKA:#39RVEWXWYV$@1_!9\
M"0P-Q?0CKBO$;8-,[6JF)DSGY0 9&/E. R"[%I]I3TDZW:D>?(9QIR%ND !3
MV?0/E67X^2B_8XTP0D4!-BN=MI1_6>8E@W%<@J\?E\%/*GL?S--(+IIR>0"%
MM3@MTF(P4HMV2'2DX3AG14-,0: 3)@0ELJ!C>05TQBB QA1"L4JP>P>B[W:"
MFYYWQZ<Z/Y;DCZVB@'<M<)PP(^NI!<[0[%E;%> /VJAC:K>0<I0"Z,')A6[%
MGLE?JL)VG^PQ67L"9YF>Y%4B^0?B&C)\]YQP3"2/$*FB6+ GC'5!# WH3[\T
M%4%-=!_M[1G^W$5F5TT2AE)'%8;^Z&67<(4[P1]R^ILCWV8S)LR>[32E0V4P
MR3FD V.!"9S-0W[:6!<"99Q(E</_W]ZY-B6.1&'XKW2Y55M.U2P*SC@7:Z>J
M)5F)AH1-@J[S+0J.5"%2@..XOW[[DAL0!%F%=.?]LA?1D#[=??J<I\^%BR+\
MQ6ECYR&Y3+B^94L[OEA@CTBJ#3*K/13U1&^Z//@P?!+:&?%%V?BBFC;Q15N2
M8&Z9H&YF0\[ON]TT]J"?E$+SV2KNCC.==./UFNUNJ.?!18=#]HMBL#8OI'":
M353BLO+30DZMM&:3MD==<:+3LIYEG KV/L:EZ?PPDY(?&6E-B=Q8!(%4WG,$
M-11!.*/X B@Q#?FQ,HKZ88H[T\$?F1^]FZG$L4J-+O%+DS')S5SCU2.X51CE
MV,<W5Y($+^BRU \?^1"C>M3B;R[8+AYKR_EKQ8L^,U-3*GL/.GZXNA,YPO'%
M>9R0,)7XF%2>?!C)V(.YJ12>PO,K]M468G1W)9.$8G-O?-L;RJ)@5WT9BS"?
MNK&;7F+-;)/X=67UYPACRD*9R9WPO;B C2S+;!D\6=7K:B1KIO!T)5$L.A+6
M("J?PA, A>Q^=GEC75F<(ON1S,?//#>]&LL\.^2!K.S-V5-ZT4T>\\U(9GIO
MV/<*$)6][N8RB+XB3+S'&#1-#2;]JF53GM,J4L8I1LTB><Q0UH3/%*")9K0S
M_S4IG<JN0'TU11&CXF(B.K6"9"_1,3FN6!6RVSY+>O;P6;OH]3MW//DTIR'!
M<3BX>ABQ(]#]Q2:]([H8L/_YIWI(#D[;HF'L)+Z7%MU<Q34 WQW\YU'YEJC/
MH;BO&,7K+[5P9E?Q.I4I)1^)'SI;F.I:7FW+XLA)$=NXM)Y\^^1,CF*7>E$>
M^NA1EEB.<F5R>W"_JQ#K1ES:B/@3&1R5>;8HP3B.,HAC8A9>3]([??&EI'\_
M^,'>@,?VA8-L&<19\;TGZ40GH35WPTDZUVD 7A1MQQEQU !>&BD_8E-%/B#3
M&CP^4-((OEY<@9J[Y(_R;Y,TT0$/*!;:)7IA/D&9ERZ!R5"\H*W%16FBC/"T
M@$$2+R5*5LY6CI4IYGP9W?$"+,M3&?]W)<K\-;$%_W=!J:6&Y1-ZXIEFTW0"
MLKV9W_EV*\J2=@>9\/NQJ/GZ?!O9F".E1?*SO2LBHA?7UK\?2JC]HTNJJX==
M+IRMY^>\E$3J8#&1>DEAUB\[1>!8FY?J@A@=Z\2A0=O+Z9;]W$+<SLL>MR]-
M;ZOO65NV5 \.>;I+KIIYT8LO/B780ID(VRC9TLSN&C%'K]\/A^/NU_@_CKB[
MUP^?OO8&X@W%'QU%^B?2 WP-,\W&C)FP'WV+^$+Y<;J\>7-7OL0G[$TGG?B;
MHX\KXJ.]26?^LP^?*P?5CPL_WJ]4U_JL5JE]7N^IS[[LIWB82Q^[)P0AA<'D
M/1Z&@S]W#G92=2),C:^UX2]2G=;RW/J8%;F4]N;5JACLDK4:2>*90>[S(>Z\
M_%=?5X;L0-V\ *LU#JE#WESM-.2/;'7#4:;0VG*)J+!"?O^M>KA_M.Z*T&.K
MB)F6CFMGREA4;J-L2()S![A82L<>-2Y)W?5:KD<#RW4(]2U*6H%9(79@E'WC
MJ#&H#Y^.QN*?A%*/3>$I;9H^:9G4JYM3@UUQX;Y@7Z@AH!5G/3+<N"O(GDR8
M&];KD/C]5!KQDA,0RT";01F]4?>:]]^6^]]XZ#\1^C"YO1_U1.\<]H*BR&C>
M_,^PBZK ;V]T9&[D=(VI74$F2'B>T563S"T2UP;3_:0AQ]7D>-&;B'Z0#E-J
MLNVH__ O)[RD62''W4'W9W?P(RR.6-]FHZB@DK+VB-_^3AW'%'-D.N:YZ9S0
M-SZ*5OA5;<[YI5M B'=/@*954=::!&S#SHO0"9;C!U;0YFX+M8EOVK;IS5/3
MMQ@M>!]X'WC?QGG?G!H0%,@VZF37<9N68YK^.V);32LP2X\NU"=6^<POY.63
M[MB/NX!]+X1]?*.<$[M5]JVAQJ R5G3 +&="_<!UUC&>51BNK!7##C[MIK%L
M[-&?,#^$T/$DT]=0V<6Z6(_N-JE#3YB_D1@<+S'9BC7*$JE5\-*"<S[PTK?B
MI5YX?=OMYVAF<-*M6W@>K3=,>WT3#WPT5\0+E_SFN"A((4@A2&&!2&&+>M2V
MF;(%,M2/>P$9OH&KF^P8L$-5!@5VJ,&XP Z57JQ@AYH-"NRPX,P+[!#L$.P0
M[%!!=EC*^@$?IL51E(J6X+C@N."XX+A%62[@N."XKX$=S+_;5G )BJO,H$!Q
M-1@7**[2BQ445[-!@>(6G#Z"XH+B@N*"XBI(<0N4&6]8YY;11EH\(*FBRE$K
M2+J- KT"F7E6O4$]@_AU-]A:R6\)[V+_GH2#F0L874YS8%HYT^R[1X-NTM&!
M[5S9?2<DP_M'WJ@"\/9E:"P6J&PZ6]TGS?")U/;3-BYEW4)J#"JU\BWJD+IM
M_?47ZG*6D8Q:X8#4^[V;&]3CU'2STTA5@QZ"'BHMQWEZV!R-*^0LG-R.GG*U
M&"#BULV+,QHTO,L-F1AEPHC/+'NDDH.NJ:<U0-=>@Z[5&Y[E!VZK87HD:+A-
MZ@.Q%<IET) ( ;$!L<'K!F(#8@-B*^5F!V(#8M-"CD!LBF@<(#8-$5LI,ZX_
M(N,:N!.X$[AS+=Q)'<,S+TB3!F<N0&>A'#<-N1Q YR9 9Q6@4ZE! 70"= )T
MEF*S W0"=&HA1X!.130.0*>&H!-P#7 -<*WP<,UN6SXQ3&)34O?:W\'7"N4O
M:(B#P-? U^!R@Z^!KX&OE7*S@Z^!KVDA1_ U130.^!KX&O@:^!KXVN;Y6NK.
M :T5RE7(6W)JF]_:62T:.G\@/2 ]*Y$>M561(AXL2 !(0,FT+$B =B2@E"F%
MAT@I!)4!E0&568O*^%;392>?1PW#K9^!S!3"L],X1@=!3YL(>JHAZ$FI00&%
M 84AZ*D4FQU!3T"=6L@1J%,1C0/4J2'J!%X#7@->*SQ>,\SC8\MDZI9Z@&O%
M<A8T9$& :VA- '\;< UP#7"ME)L=< UP30LY JXIHG$ UP#7 -< UP#7-@_7
M3ES/<!W2H"=MY!06RUG0D 4!KFT"KGT!7%-J4(!K@&N :Z78[(!K@&M:R!%P
M31&- [BF(5PK99+N)R3I G0"= )TKA=%2,\M@URXGF^8M@W462C734,R!]2)
MS@2@'T"=0)U G:7<[$"=0)U:R!&H4Q&- ]2I(>H$7@-> UXK/%ZCCN&9%Z3N
M>HYI6VT?@*U0#H.&/ B #8FZ\+D!V #8 -A*N=D!V #8M) C )LB&@> #8 -
M@ V #8!M"X#-9OY<RZJ?F9[EG "O%<I=T) & :\!K\'C!EX#7@->*^5F!UX#
M7M-"CL!KBF@<X+4BX[52YMQ^7IQSNW=UWWEB_[J=W/6__0=02P,$%     @
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M791-!,>"SMI)<9RCU&^%&)#E(-<D MACK&;.KA;TB)#>F5Z\4T(L@#*1#%%
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MV.Q+&#G], \_FVA^&/^K&/^GM9/_ E!+ 0(4 Q0    ( !)5NE)?2>>XXQ<
M '^E   0              "  0    !B<F,M,C R,3 U,C$N:'1M4$L! A0#
M%     @ $E6Z4IM&9+6& @  VP<  !               ( !$1@  &)R8RTR
M,#(Q,#4R,2YX<V102P$"% ,4    "  25;I2O9EEKC@*  "B70  %
M        @ '%&@  8G)C+3(P,C$P-3(Q7VQA8BYX;6Q02P$"% ,4    "  2
M5;I2\2,_<;D&  #$,0  %               @ $O)0  8G)C+3(P,C$P-3(Q
M7W!R92YX;6Q02P$"% ,4    "  25;I2M:$&?@EY  "O$@4 '@
M    @ $:+   97AH:6)I=#(Q86=R965M96YT9F]R<'5R8V@N:'1M4$L! A0#
M%     @ $E6Z4A7=UON:#0  #S<  !X              ( !7Z4  &5X:&EB
M:70Y.3%P<F5S<W)E;&5A<V4P-3(Q+FAT;5!+!08     !@ & )@!   ULP
"   !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
