<SEC-DOCUMENT>0000950103-21-019511.txt : 20211208
<SEC-HEADER>0000950103-21-019511.hdr.sgml : 20211208
<ACCEPTANCE-DATETIME>20211208162552
ACCESSION NUMBER:		0000950103-21-019511
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20211208
DATE AS OF CHANGE:		20211208
GROUP MEMBERS:		ACACIA TRUST, BY SWISS INDEPENDENT TRUSTEES, S.A. AS TRUSTEE
GROUP MEMBERS:		EEN PTE. LTD.
GROUP MEMBERS:		HONG YAP LAU
GROUP MEMBERS:		ONE SPIRE (PTY) LTD.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Karooooo Ltd.
		CENTRAL INDEX KEY:			0001828102
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			U0
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92497
		FILM NUMBER:		211478976

	BUSINESS ADDRESS:	
		STREET 1:		363 SMITH STREET
		STREET 2:		#05-303
		CITY:			NEW BRIDGE CENTRE
		STATE:			U0
		ZIP:			050336
		BUSINESS PHONE:		65 6255 4151

	MAIL ADDRESS:	
		STREET 1:		363 SMITH STREET
		STREET 2:		#05-303
		CITY:			NEW BRIDGE CENTRE
		STATE:			U0
		ZIP:			050336

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Karooooo Pte. Ltd.
		DATE OF NAME CHANGE:	20201116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Karoo Pte. Ltd.
		DATE OF NAME CHANGE:	20201013

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Marais Juan
		CENTRAL INDEX KEY:			0001858039

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		21 PENHURST AVENUE
		STREET 2:		ESSEXWOLD
		CITY:			BEDFORDVIEW
		STATE:			T3
		ZIP:			2007
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>dp163330_sc13da-2.htm
<DESCRIPTION>FORM SC 13D/A
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D/A </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. 2)* </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Karooooo Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Issuer) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ordinary Shares, no par value </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Title of Class of Securities) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Y4600W108</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(CUSIP Number) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Juan Marais</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>21 Penhurst Avenue, Essexwold</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bedfordview, South Africa 2007</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>+2782924259</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>with a copy to: </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>John B. Meade, Esq. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Roshni Banker Cariello, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Davis Polk &amp; Wardwell LLP </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Lexington Avenue </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10017 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tel: (212) 450-4077 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>December 8, 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Date of Event Which Requires Filing of this
Statement) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D/A, and is filing this schedule because of &sect;&sect;240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note:</B> Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 12pt"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">The remainder of this cover page shall be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required on the remainder of this cover page shall
not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&ldquo;<U>Exchange Act</U>&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP No. Y4600W108</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">1
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NAMES
    OF REPORTING PERSONS<BR>
    Juan Marais</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
    (a) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT> (b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SEC
    USE ONLY</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOURCE
    OF FUNDS (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION<BR>
    South Africa</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-top: 2pt; border-left: black 1pt solid; font-size: 12pt; text-align: center; width: 20%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NUMBER
    OF<BR>
    SHARES<BR>
    BENEFICIALLY<BR>
    OWNED BY<BR>
    EACH<BR>
    REPORTING<BR>
    PERSON<BR>
    WITH</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; width: 6%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; width: 70%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    VOTING POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED
    VOTING POWER<BR>
    3,100,000<SUP>(1)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    DISPOSITIVE POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED DISPOSITIVE
    POWER<BR>
    3,100,000<SUP>(1)</SUP></FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
    3,100,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
    10.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">TYPE
    OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
    IN</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(1) Mr. Marais is the director of One
Spire (Pty) Ltd. (&ldquo;<U>One Spire</U>&rdquo;), and shares voting and dispositive power over the 3,100,000 ordinary shares, no par
value per share (the &ldquo;<U>Ordinary Shares</U>&rdquo;) of Karooooo Ltd., a Singapore public limited company (the &ldquo;<U>Issuer</U>&rdquo;),
held by One Spire. See also Item 6&mdash;Voting Agreements for a description of the voting and dispositive rights exercisable by Mr.
Calisto in respect of the 3,100,000 Ordinary Shares held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CUSIP No. Y4600W108</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">1
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NAMES
    OF REPORTING PERSONS<BR>
    One Spire (Pty) Ltd.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
    (a) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT> (b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SEC
    USE ONLY</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOURCE
    OF FUNDS (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION<BR>
    South Africa</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-top: 2pt; border-left: black 1pt solid; font-size: 12pt; text-align: center; width: 20%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NUMBER OF<BR>
    SHARES<BR>
    BENEFICIALLY<BR>
    OWNED BY<BR>
    EACH<BR>
    REPORTING<BR>
    PERSON<BR>
    WITH</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; width: 6%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; width: 70%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    VOTING POWER<BR>
    3,100,000<SUP>(2)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED
    VOTING POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    DISPOSITIVE POWER<BR>
    3,100,000<SUP>(2)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED DISPOSITIVE
    POWER<BR>
    0</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
    3,100,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
    10.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">TYPE
    OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(2) See Note 1 above. See also Item
6&mdash;Voting Agreements for a description of the voting rights exercisable by Mr. Calisto in respect of the 3,100,000 Ordinary Shares
held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CUSIP No. Y4600W108</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">1
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NAMES
    OF REPORTING PERSONS<BR>
    Een Pte. Ltd.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
    (a) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT> (b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SEC
    USE ONLY</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOURCE
    OF FUNDS (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION<BR>
    Singapore</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-top: 2pt; border-left: black 1pt solid; font-size: 12pt; text-align: center; width: 20%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NUMBER OF<BR>
    SHARES<BR>
    BENEFICIALLY<BR>
    OWNED BY<BR>
    EACH<BR>
    REPORTING<BR>
    PERSON<BR>
    WITH</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; width: 6%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; width: 70%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    VOTING POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED
    VOTING POWER<BR>
    3,100,000<SUP>(3)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    DISPOSITIVE POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED DISPOSITIVE
    POWER<BR>
    3,100,000<SUP>(3)</SUP></FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
    3,100,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
    10.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">TYPE
    OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(3) Een Pte. Limited, a private limited
company under the Companies Act (Chapter 50) of Singapore, (&ldquo;<U>Een</U>&rdquo;), owns 740 ordinary shares, or approximately 74%
of the outstanding capital stock, of One Spire, and therefore shares voting and dispositive power over the 3,100,000 Ordinary Shares
held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CUSIP No. Y4600W108</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">1
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NAMES
    OF REPORTING PERSONS<BR>
    Hong Yap Lau</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
    (a) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT> (b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SEC
    USE ONLY</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOURCE
    OF FUNDS (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION<BR>
    Malaysia</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-top: 2pt; border-left: black 1pt solid; font-size: 12pt; text-align: center; width: 20%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NUMBER
    OF<BR>
    SHARES<BR>
    BENEFICIALLY<BR>
    OWNED BY<BR>
    EACH<BR>
    REPORTING<BR>
    PERSON<BR>
    WITH</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; width: 6%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; width: 70%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    VOTING POWER<BR>
    3,100,000<SUP>(4)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED
    VOTING POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    DISPOSITIVE POWER<BR>
    3,100,000<SUP>(4)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED DISPOSITIVE
    POWER<BR>
    0</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
    3,100,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
    10.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">TYPE
    OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(4) See Note 3 above. Mr. Lau is the
director of Een, and therefore shares voting and dispositive power over the 3,100,000 Ordinary Shares held by One Spire pursuant to Een&rsquo;s
indirect ownership of the 3,100,000 Ordinary Shares held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CUSIP No. Y4600W108</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">1
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NAMES
    OF REPORTING PERSONS<BR>
    Acacia Trust, by Swiss Independent Trustees, S.A. as trustee</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
    (a) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT> (b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SEC
    USE ONLY</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOURCE
    OF FUNDS (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION<BR>
    Jersey Law &ndash; Administered in Switzerland</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-top: 2pt; border-left: black 1pt solid; font-size: 12pt; text-align: center; width: 20%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">NUMBER OF<BR>
    SHARES<BR>
    BENEFICIALLY<BR>
    OWNED BY<BR>
    EACH<BR>
    REPORTING<BR>
    PERSON<BR>
    WITH</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; width: 6%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; width: 2%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; width: 70%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    VOTING POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED
    VOTING POWER<BR>
    3,100,000<SUP>(5)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SOLE
    DISPOSITIVE POWER<BR>
    0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: bottom; border-left: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">SHARED DISPOSITIVE
    POWER<BR>
    3,100,000<SUP>(5)</SUP></FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 12pt; width: 8%; padding-left: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; width: 90%; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
    3,100,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">CHECK
    IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
    10.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid; font-size: 12pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 12pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt">TYPE
    OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
    OO</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(5) See Note 3 above. Een is wholly
owned by Acacia Trust, a Jersey Law trust, administered in Switzerland (&ldquo;<U>Acacia Trust</U>&rdquo;), of which Mr. Marais is a
beneficiary. Swiss Independent Trustees, S.A., in its capacity as trustee of Acacia Trust and not in its individual capacity, shares
voting and dispositive power over the 3,100,000 Ordinary Shares held by One Spire, pursuant to Een&rsquo;s indirect ownership of the
3,100,000 Ordinary Shares held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Explanatory Note</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">This Amendment No. 2 amends, restates
and supersedes the statement on Schedule 13D (the &ldquo;<U>Schedule 13D</U>&rdquo;) filed with the U.S. Securities and Exchange Commission
(the &ldquo;<U>SEC</U>&rdquo;) on April 26, 2021, as amended and restated by the Amendment No. 1 filed with the SEC on August 23, 2021
(File No. 005-92497), by (i) Juan Marais, a South African Citizen, (ii) Jennefe Allen, a South African citizen, (iii) Georgem Holdings
(Pty) Ltd., a South African proprietary limited company (&ldquo;<U>Georgem</U>&rdquo;), (iv) Georgem Trust, a South African Trust, (v)
Een (as defined below), (vi) Hong Yap Lau, a Malaysian citizen, (vii) Acacia Trust (as defined below) and (viii) One Spire (as defined
below) relating to the Ordinary Shares of the Issuer. Information reported in this Schedule 13D/A amends, restates and supersedes information
provided in the Schedule 13D, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 1.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Security and Issuer </B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">This Schedule 13D/A relates to the ordinary
shares, no par value per share (the &ldquo;<U>Ordinary Shares</U>&rdquo;) of Karooooo Ltd., a Singapore public limited company (the &ldquo;<U>Issuer</U>&rdquo;).
The address of the principal executive office of the Issuer is 10 Anson Road, #12-14, International Plaza, Singapore 079903.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 2.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Identity and Background </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(a)-(b) This Schedule 13D/A is being
filed by: (i) Juan Marais, a South African citizen, (ii) Een Pte. Ltd., a private limited company under the Companies Act (Chapter 50)
of Singapore (&ldquo;<U>Een</U>&rdquo;), (iii) Hong Yap Lau, a Malaysian citizen, (iv) Acacia Trust, a Jersey Law trust, administered
in Switzerland, by Swiss Independent Trustees, S.A., in its capacity as the trustee on behalf of Acacia Trust (&ldquo;<U>Acacia Trust</U>&rdquo;
and, together with Een and Mr. Lau, the &ldquo;<U>Een Entities</U>&rdquo;), (v) One Spire (Pty) Ltd., a South African proprietary limited
company (&ldquo;<U>One Spire</U>&rdquo;) (collectively, the &ldquo;<U>Reporting Persons</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Mr. Lau is the director of Een, which
is wholly owned by Acacia Trust and owns approximately 74% of the outstanding capital stock of One Spire. Mr. Marais is the director
of One Spire, and therefore Mr. Marais, Mr. Lau, Een and Acacia Trust share voting and investment power over the shares held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The address of the principal business
office of each of Mr. Marais, Een, Acacia Trust and One Spire is c/o Juan Marais, 21 Penhurst Avenue, Essexwold, Bedfordview, South Africa
2007.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The address of the principal business
office of Mr. Lau is c/o Karooooo Ltd., 10 Anson Road #12-14, International Plaza, Sinapore 079903.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(c) The principal business of Mr. Marais
is serving as Chief Sales Officer of the Issuer. The principal business of Een is holding securities of One Spire. The principal business
of Mr. Lau is serving as Senior Consolidation Officer of the Issuer. The principal business of Acacia Trust is to hold assets on behalf
of its beneficiaries, Mr. Marais and his immediate family. The principal business of One Spire is holding securities of the Issuer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(d) During the last five years, none
of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(e) During the last five years, none
of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and,
as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(f) See Item 2(a)-(b) above for citizenship
or place of organization, as applicable, of each of the Reporting Persons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 3.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Source and Amount of Funds or Other Consideration </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Funds for the purchase by Georgem of
the Ordinary Shares reported in the Schedule 13D, as amended, and referred to herein as the Initial Georgem Holding (as defined below)
were derived from a corporate reorganization (the &ldquo;<U>Corporate Reorganization</U>&rdquo;), in connection with the Issuer&rsquo;s
initial public offering in the United States. The Corporate Reorganization is described in Item 4 of this Schedule 13D/A, which is incorporated
herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 16, 2021, Georgem and One
Spire entered into that certain Sale of Shares Agreement (the &ldquo;<U>August Sale of Shares Agreement</U>&rdquo;), dated as of August
16, 2021. Pursuant to the August Sale of Shares Agreement, One Spire agreed to acquire, as an off-market trade, 3,000,000 Ordinary Shares
held by Georgem for aggregate consideration of R1.26 billion at a purchase price of R420 per Ordinary Share (the &ldquo;<U>August One
Spire Transaction</U>&rdquo;). Funds for the August One Spire Transaction were payable by One Spire to Georgem pursuant to an interest-free
loan arrangement undertaken with the purpose of acquiring the 3,000,000 Ordinary Shares underlying the August One Spire Transaction.
On August 23, 2021, Georgem and One Spire consummated the August One Spire Transaction. The August One Spire Transaction is described
in Item 4 of this Schedule 13D/A and the August Sale of Shares Agreement is described in Item 6 of this Schedule 13D/A, which are incorporated
herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 25, 2021, Georgem sold 309,000
Ordinary Shares on the Johannesburg Stock Exchange pursuant to Rule 144 for aggregate consideration of R149,715,135.00 at a price of
R484.52 per Ordinary Share, through Merrill</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Lynch South Africa (Pty) Ltd. as broker,
primarily to fund the payment of taxes and costs related to the Scheme (as defined below).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On November 29, 2021, Georgem and One
Spire entered into that certain Sale of Shares Agreement (the &ldquo;<U>November Sale of Shares Agreement</U>&rdquo;), dated as of November
29, 2021. Pursuant to the November Sale of Shares Agreement, One Spire agreed to acquire, as an off-market trade, 100,000 Ordinary Shares
held by Georgem for aggregate consideration of R50,000,000.00 at a purchase price of R500 per Ordinary Share. Funds for the November
One Spire Transaction are payable by One Spire to Georgem pursuant to an interest-free loan arrangement undertaken with the purpose of
acquiring the 100,000 Ordinary Shares underlying the November One Spire Transaction. On November 29, 2021, Georgem and One Spire consummated
the November One Spire Transaction. The November One Spire Transaction is described in Item 4 of this Schedule 13D/A and the November
Sale of Shares Agreement is described in Item 6 of this Schedule 13D/A, which are incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On November 30, 2021, Georgem sold 141,000
Ordinary Shares on the Johannesburg Stock Exchange pursuant to Rule 144 for aggregate consideration of R71,040,967.12 at a price of R503.84
per Ordinary Share, through Peresec SA Nominees (Pty) Ltd. as broker, primarily to fund the payment of taxes and costs related to the
Scheme (as defined below). Georgem no longer holds any Ordinary Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 4.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Purpose of Transaction </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The Corporate Reorganization was undertaken
pursuant to a scheme of arrangement under Section 114(1) (as read with Section 115) of the South African Companies Act (the &ldquo;<U>Scheme</U>&rdquo;),
whereby the Issuer, as the majority shareholder of Cartrack Holdings Limited (&ldquo;<U>Cartrack</U>&rdquo;) acquired for cash all of
the outstanding ordinary shares held by the minority shareholders of Cartrack at a price equal to R42.00 per share (the &ldquo;<U>Scheme
Consideration</U>&rdquo;), and, as a result, Cartrack became a wholly owned subsidiary of the Issuer. In connection with the Scheme,
certain eligible shareholders of Cartrack elected to use all or a portion of their Scheme Consideration to subscribe for Ordinary Shares
of the Issuer (the &ldquo;<U>Reinvestment</U>&rdquo;). Georgem, an eligible Cartrack shareholder, used its Scheme Consideration to participate
in the Reinvestment and acquired 3,550,000 Ordinary Shares on April 21, 2021 (the &ldquo;<U>Initial Georgem Holding</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 23, 2021, Georgem and One
Spire consummated the August One Spire Transaction. Funds for the August One Spire Transaction were payable by One Spire to Georgem pursuant
to an interest-free loan arrangement undertaken with the purpose of acquiring the 3,000,000 Ordinary Shares underlying the August One
Spire Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 25, 2021, Georgem sold 309,000
Ordinary Shares on the Johannesburg Stock Exchange pursuant to Rule 144 for aggregate consideration of R149,715,135.00 at a price of
R484.52 per Ordinary Share, through Merrill Lynch South Africa (Pty) Ltd. as broker, primarily to fund the payment of taxes and costs
related to the Scheme (as defined below). Georgem retained 241,000 Ordinary Shares following this sale.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On November 29, 2021, Georgem and One
Spire consummated the November One Spire Transaction. Funds for the November One Spire Transaction were payable by One Spire to Georgem
pursuant to an interest-free loan arrangement undertaken with the purpose of acquiring the 100,000 Ordinary Shares underlying the November
One Spire Transaction. Georgem retained 141,000 Ordinary Shares following the November One Spire Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On November 30, 2021, Georgem sold 141,000
Ordinary Shares on the Johannesburg Stock Exchange pursuant to Rule 144 for aggregate consideration of R71,040,967.12 at a price of R503.84
per Ordinary Share, through Peresec SA Nominees (Pty) Ltd. as broker, primarily to fund the payment of taxes and costs related to the
Scheme (as defined below). Georgem no longer holds any Ordinary Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Mr. Marais serves as a director of One
Spire, and therefore retains beneficial ownership over the 3,100,000 Ordinary Shares held by One Spire following consummation of the
November One Spire Transaction. The Een Entities own 740 ordinary shares, or approximately 74% of the outstanding capital stock, of One
Spire, and therefore share voting and investment power over the 3,100,000 Ordinary Shares held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">No Reporting Person has any present
plan or proposal to acquire or dispose of any Ordinary Shares, although each Reporting Person at any time and from time to time may acquire
additional Ordinary Shares or, subject to the terms of the A&amp;R One Spire Voting Agreement (as defined below), dispose of Ordinary
Shares, as applicable, depending upon prevailing market, economic and other conditions, other investment and business opportunities available
to the Reporting Persons, liquidity requirements of the Reporting Persons, tax considerations and/or other investment</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">considerations. One Spire does not intend
to dispose any Ordinary Shares within 12 months from the date of this Schedule 13D/A filing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Subject to the foregoing, none of the
Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through
(j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or
reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 5.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Interest in Securities of the Issuer </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(a)-(b) The aggregate number and percentage
of the Ordinary Shares beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there
is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition,
or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule
13D/A and are incorporated herein by reference. Calculations of the percentage of Ordinary Shares beneficially owned assumes that there
were 30,951,106 Ordinary Shares outstanding as reported in the Issuer&rsquo;s Report on Form 6-K filed with the U.S. Securities and Exchange
Commission on October 14, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Neither the filing of this Schedule
13D/A nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the Ordinary
Shares referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose and each of the Reporting Persons
expressly disclaims beneficial ownership of such Ordinary Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(c) Except as set forth in this Schedule
13D/A, the Reporting Persons have not effected any transaction in Ordinary Shares in the past 60 days.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(d) Not applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(e) Not applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 6.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Contracts, Arrangements, Understandings or Relationships with Respect
    to Securities of the Issuer </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The information set forth, or incorporated
by reference, in Items 3 through 5 of this Schedule 13D/A is incorporated by reference into this Item 6. Except as otherwise described
in this Schedule 13D/A, to the knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships
(legal or otherwise) among the persons named in Item 2 or listed on <U>Schedule A</U> hereto, and between such persons and any person,
with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder&rsquo;s
fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Voting Agreements</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">In anticipation of the initial public
offering of Karooooo Ltd., and recognizing that Mr. Calisto, as founder, would receive no special rights pursuant to the Constitution
of the Issuer, Mr. Calisto and Georgem entered into that certain Voting Agreement (the &ldquo;<U>Original Georgem Voting Agreement</U>&rdquo;),
dated as of March 22, 2021, with the purpose of providing Mr. Calisto and his permitted transferees the right to exercise, or cause Georgem
to exercise as directed by Mr. Calisto and his permitted transferees, the voting rights in respect of the Initial Georgem Holding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 12, 2021, in anticipation
of the August One Spire Transaction, Mr. Calisto and Georgem entered into that certain Amended and Restated Voting Agreement (the &ldquo;<U>A&amp;R
Georgem Voting Agreement</U>&rdquo;), dated as of August 12, 2021, with the purpose of amending, restating and superseding the Original
Georgem Voting Agreement to permit Georgem to transfer 3,000,000 Ordinary Shares in connection with the August One Spire Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Pursuant to the A&amp;R Georgem Voting
Agreement, Mr. Calisto and Georgem had agreed that if Mr. Calisto&rsquo;s beneficial ownership falls to below 51% of the issued and outstanding
Ordinary Shares of the Issuer, then Georgem will cast all votes in respect of the Ordinary Shares held by Georgem as directed by Mr.
Calisto and his permitted</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">transferees. In addition, without the
prior written consent of Mr. Calisto, Georgem is not permitted to acquire any additional Ordinary Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Concurrent with execution of the A&amp;R
Georgem Voting Agreement and in anticipation of the August One Spire Transaction, Mr. Calisto and One Spire entered into that certain
Voting Agreement (the &ldquo;<U>Original One Spire Voting Agreement</U>&rdquo;), dated as of August 12, 2021, with the purpose of providing
Mr. Calisto and his permitted transferees the right to exercise, or cause One Spire to exercise as directed by Mr. Calisto and his permitted
transferees, the voting rights in respect of the Ordinary Shares held by One Spire in connection with the August One Spire Transaction
or otherwise held by One Spire.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On December 6, 2021, in connection with
the November One Spire Transaction, Mr. Calisto and One Spire entered into that certain Amended and Restated Voting Agreement (the &ldquo;<U>A&amp;R
One Spire Voting Agreement</U>&rdquo;), dated as of December 6, 2021, with the purpose of amending, restating and superseding the Original
One Spire Voting Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Pursuant to the A&amp;R One Spire Voting
Agreement, Mr. Calisto and One Spire have agreed that if Mr. Calisto&rsquo;s beneficial ownership falls to below 51% of the issued and
outstanding Ordinary Shares of the Issuer, then One Spire will cast all votes in respect of the Ordinary Shares held by One Spire as
directed by Mr. Calisto and his permitted transferees. In addition, without the prior written consent of Mr. Calisto, One Spire is not
permitted to (i) transfer any Ordinary Shares owned by One Spire or (ii) acquire any additional Ordinary Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Mr. Calisto may be deemed to have beneficial
ownership and shared voting power of the 3,100,000 Ordinary Shares held by One Spire as a result of the A&amp;R One Spire Voting Agreement
described herein. However, as of the filing date of this Schedule 13D/A, as Mr. Calisto otherwise beneficially owns Ordinary Shares representing
more than 51% of the total issued and outstanding Ordinary Shares of the Issuer, he may not exercise voting rights in respect of the
Ordinary Shares owned by One Spire. Neither the filing of this Schedule 13D/A nor any of its contents shall be deemed to constitute an
admission by Mr. Calisto that he is the beneficial owner of any Ordinary Shares held by One Spire for purposes of Section 13(d) of the
Exchange Act or for any other purpose, and such beneficial ownership thereof is expressly disclaimed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The description of the A&amp;R One Spire
Voting Agreement contained in this Item 6 is not intended to be complete and is qualified in its entirety by reference to such documents,
which is filed as Exhibit 99.2 hereto and incorporated by reference herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>August Sale of Shares Agreement</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On August 16, 2021, Georgem and One
Spire entered into that certain August Sale of Shares Agreement, with the purpose of effectuating the August One Spire Transaction. Pursuant
to the August Sale of Shares Agreement, One Spire agreed to acquire, as an off-market trade, 3,000,000 Ordinary Shares held by Georgem
for aggregate consideration of R1.26 billion at a purchase price of R420 per Ordinary Share (the &ldquo;<U>August One Spire Transaction
Consideration</U>&rdquo;). The August One Spire Transaction Consideration was not immediately payable, and was outstanding as a loan
account payable to Georgem (the &ldquo;<U>Loan</U>&rdquo;). Pursuant to the August Sale of Shares Agreement, One Spire shall utilize
a minimum of 20% of all dividends received in respect of the 3,000,000 Ordinary Shares acquired pursuant to the August One Spire Transaction
to repay the loan until repaid in full. Georgem may demand full repayment of the outstanding loan balance upon notice and satisfaction
of certain terms and conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The August One Spire Transaction contemplated
by the August Sale of Shares Agreement was consummated on August 23, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>November Sale of Shares Agreement</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">On November 29, 2021, Georgem and One
Spire entered into that certain November Sale of Shares Agreement, with the purpose of effectuating the November One Spire Transaction.
Pursuant to the November Sale of Shares Agreement, One Spire agreed to acquire, as an off-market trade, 100,000 Ordinary Shares held
by Georgem for aggregate consideration of R50,000,000.00 at a purchase price of R500.00 per Ordinary Share (the &ldquo;<U>November One
Spire Transaction Consideration</U>&rdquo;). The November One Spire Transaction Consideration shall not be immediately payable, and shall
be outstanding as a loan account payable to Georgem (the &ldquo;<U>Loan</U>&rdquo;). Pursuant to the November Sale of Shares Agreement,
One Spire shall utilize a minimum of 20% of all dividends received in respect of the 100,000 Ordinary Shares acquired pursuant to the
November One Spire Transaction to repay the loan until repaid in full. Georgem may demand full repayment of the outstanding loan balance
upon notice and satisfaction of certain terms and conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The November One Spire Transaction contemplated
by the November Sale of Shares Agreement was consummated on November 29, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Item 7.</B></FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Material to be Filed as Exhibits </B></FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Incorporated
    by Reference</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 56%; border-bottom: Black 1pt solid; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Schedule/<BR>
    Form</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>File
    <BR>
    Number</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>File
    Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Joint Filing Agreement, dated as of December 8, 2021, by and among the
    Reporting Persons (filed herewith).</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Amended and Restated Voting Agreement, dated as of December 6, 2021, by
    and between Mr. Calisto and One Spire (Pty) Ltd. (filed herewith).</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">99.3</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Sale of Shares Agreement, dated as of August 16, 2021, by and between Georgem
    Holdings (Pty) Ltd. and One Spire (Pty) Ltd. (incorporated by reference).</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Schedule 13D/A</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">005-92497</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">99.4</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">August 23, 2021</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">99.4</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Sale of Shares Agreement, dated as of November 29, 2021, by and between
    Georgem Holdings (Pty) Ltd. and One Spire (Pty) Ltd. (filed herewith).</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURE </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">After reasonable inquiry and to the
best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Dated: December 8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>JUAN MARAIS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 12pt"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Juan Marais</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Director of One Spire (Pty) Ltd.</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>EEN PTE. LTD.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 12pt"><FONT STYLE="font-size: 10pt">Hong Yap Lau, its Director</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Hong Yap Lau</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>HONG YAP LAU</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 12pt"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Hong Yap Lau</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Director of Een Pte. Ltd.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>ACACIA TRUST</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 45%; font-size: 12pt"><FONT STYLE="font-size: 10pt">Swiss Independent Trustees, S.A., its
    Trustee</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Neil Harris</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Neil Harris</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Authorized Signatory, Trustee</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Andrew Bayles</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Andrew Bayles</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Authorized Signatory, Trustee</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Signing as duly authorized signatories on behalf of Swiss Independent
    Trustees, S.A. in whose presence the Common Seal of the company was hereunto affixed.</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>ONE SPIRE (PTY) LTD.</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 45%; font-size: 12pt"><FONT STYLE="font-size: 10pt">Juan Marais, its Director</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid"><FONT STYLE="font-size: 10pt">/s/
Juan Marais</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>SCHEDULE A</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>DIRECTORS AND
EXECUTIVE OFFICERS OF ONE SPIRE (PTY) LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The name, business address, present
principal occupation or employment and the name, principal business and address of any corporation or other organization in which such
employment is conducted of each director and executive officer of One Spire (Pty) Ltd. (&ldquo;<U>One Spire</U>&rdquo;) is set forth
below. Except as otherwise indicated, each occupation set forth opposite an individual&rsquo;s name refers to One Spire, and all of the
persons listed below are citizens of South Africa.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24%; border-bottom: black 1pt solid; font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>1. Name</B></FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 40%; border-bottom: black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.
Present Principal Occupation or</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Employment (Including Principal</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Business of Employer)</B></FONT></P></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 34%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.
Business Address / Address of</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Principal Employer</B></FONT></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 12pt"><FONT STYLE="font-size: 10pt">Chief Sales Officer of Karooooo Ltd.; Director of
    One Spire</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">c/o
Karooooo Ltd.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">10 Anson Road #12-14</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">International Plaza</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Singapore 079903</FONT></P></TD></TR>
  <TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dp163330_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>JOINT FILING AGREEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to and in accordance with the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder (the &ldquo;<U>Exchange Act</U>&rdquo;) the undersigned hereby agree to the joint
filing on behalf of each of them of any filing required by such party under Section 13 of the Exchange Act or any rule or regulation thereunder
(including any amendment, restatement, supplement, and/or exhibit thereto) with respect to securities of Karooooo Ltd., a Singapore public
limited company, and further agree to the filing, furnishing, and/or incorporation by reference of this Agreement as an exhibit thereto.
Each of them is responsible for the timely filing of such filings and any amendments thereto, and for the completeness and accuracy of
the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information
concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
This Agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party
hereto, and then only with respect to such revoking party. This Agreement may be executed in any number of counterparts all of which taken
together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: December 8, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>JUAN MARAIS</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Juan Marais</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director of One Spire (Pty) Ltd.</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>EEN PTE. LTD.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Hong Yap Lau, its Director</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Hong Yap Lau</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>HONG YAP LAU</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Hong Yap Lau</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Hong Yap Lau</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Director of Een Pte. Ltd.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>ACACIA TRUST</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 45%"><FONT STYLE="font-size: 10pt">Swiss Independent Trustees, S.A., its Trustee</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Neil Harris</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"> Neil Harris</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Authorized Signatory, Trustee</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Andrew Bayles</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Andrew Bayles</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Authorized Signatory, Trustee</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Signing as duly authorized signatories on behalf of Swiss Independent Trustees, S.A. in whose presence the Common Seal of the company was hereunto affixed.</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>ONE SPIRE (PTY) LTD.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 45%"><FONT STYLE="font-size: 10pt">Juan Marais, its Director</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Juan Marais</P>
    </TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>dp163330_ex9902.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">AMENDED AND
RESTATED VOTING AGREEMENT</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">AMENDED AND RESTATED
VOTING AGREEMENT (the &ldquo;<B>Agreement</B>&rdquo;) dated and effective as of December 6, 2021 between (i) Isaias Jose Calisto (&ldquo;<B>IJC</B>&rdquo;)
and (ii) One Spire (Pty) Ltd. (&ldquo;<B>One Spire</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">W I T N E S
S E T H:</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, IJC is
the founder of Karooooo Ltd. (the &ldquo;<B>Company</B>&rdquo;);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, One Spire
acquired 3,000,000 ordinary shares of the Company (the &ldquo;<B>Ordinary Shares</B>&rdquo;) from Georgem Holdings (Pty) Ltd. (&ldquo;<B>Georgem</B>&rdquo;)
in August 2021 (the &ldquo;<B>August One Spire Transaction</B>&rdquo;);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, Georgem
expects to transfer 100,000 Ordinary Shares to One Spire (Pty) Ltd. (the &ldquo;<B>November One Spire Transaction</B>&rdquo;);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, IJC and
One Spire are parties to that certain Voting Agreement, dated August 12, 2021 (the &ldquo;<B>Prior Agreement</B>&rdquo;);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, in connection
with the November One Spire Transaction, IJC and One Spire desire to amend and restate the Prior Agreement and agree that this Agreement
will supersede and replace the Prior Agreement in its entirety; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS, in the
absence of any special rights or privileges granted to IJC as founder of the Company pursuant to the Company&rsquo;s constitutional documents,
the parties hereto desire to enter into this Agreement to provide IJC and IJC Transferees with the right to exercise, or cause One Spire
to exercise as directed by IJC and IJC Transferees, the voting rights in respect of any Ordinary Shares beneficially owned by One Spire
for so long as IJC and IJC Transferees, in his or their sole discretion, determine to do so.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
in consideration of the covenants and agreements contained herein, the parties hereto agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
1</FONT><FONT STYLE="font-size: 10pt; text-transform: uppercase"><BR>
</FONT><FONT STYLE="font-size: 10pt">Definitions</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.01.&#9; As used in this Agreement, the following terms have the following meanings:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>August
One Spire Transaction</B>&rdquo; means the transfer of 3,000,000 Ordinary Shares from Georgem to One Spire which was consummated in August
2021.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Beneficially
Owned</B>&rdquo; has the meaning ascribed to such term in Rule 13d-3 of the Exchange Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Company</B>&rdquo;
means Karooooo Ltd., a public limited company organized under the laws of the Republic of Singapore.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Company
Securities</B>&rdquo; means (i) the Ordinary Shares, (ii) securities convertible into or exchangeable for Ordinary Shares and (iii) any
options, warrants or other rights to acquire Ordinary Shares.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Exchange
Act</B>&rdquo; means the U.S. Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Georgem</B>&rdquo;
Georgem Holdings (Pty) Ltd.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>IJC</B>&rdquo;
means Isaias Jose Calisto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>IJC Family
Tranferee</B>&rdquo; means the spouse, the lineal descendant, sibling, heir, executor, administrator, testamentary trustee, legatee or
beneficiary of IJC.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>IJC Transferee</B>&rdquo;
means any Person to whom Company Securities are Transferred from IJC; <I>provided that</I> such transferee is (A) an IJC Family Tranferee,
(B) a trust that is for the exclusive benefit of an IJC Family Transferee or (C) a legal entity that is controlled by an IJC Family Transferee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>November
One Spire Transaction</B>&rdquo; means the transfer of 100,000 Ordinary Shares from Georgem to One Spire.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>One Spire</B>&rdquo;
One Spire (Pty) Ltd.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>One Spire
Holding</B>&rdquo; means the 3,100,000 Ordinary Shares that One Spire is expected to Beneficially Own following the November One Spire
Transaction.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Ordinary
Shares</B>&rdquo; means the ordinary shares of the Company and any other security into which such ordinary shares may hereafter be converted
or changed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Person</B>&rdquo;
means an individual, corporation, limited liability company, partnership, association, trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>Transfer</B>&rdquo;
means, with respect to any Company Securities, (i) when used as a verb, to sell, assign, dispose of, exchange, pledge, encumber, hypothecate
or otherwise transfer such Company Securities or any participation or interest therein, whether directly or indirectly (including pursuant
to a derivative transaction), or agree or commit to do any of the foregoing and (ii) when used as a noun, a direct or indirect sale,
assignment, disposition, exchange, pledge, encumbrance, hypothecation, or other transfer of such Company Securities or any participation
or interest therein or any agreement or commitment to do any of the foregoing.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.02.&#9; The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo; and words of like import used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for
convenience of reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections, Exhibits</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 45pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">and
Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified. All Exhibits and Schedules
annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any
capitalized terms used in any Exhibit or Schedule but not otherwise defined therein, shall have the meaning as defined in this Agreement.
Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words &ldquo;include&rdquo;,
&ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words &ldquo;without
limitation&rdquo;, whether or not they are in fact followed by those words or words of like import. &ldquo;Writing&rdquo;, &ldquo;written&rdquo;
and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References
to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with
the terms hereof and thereof; <I>provided </I>that with respect to any agreement or contract listed on any schedules hereto, all such
amendments, modifications or supplements must also be listed in the appropriate schedule. References to any law include all rules and
regulations promulgated thereunder. References to any Person include the successors and permitted assigns of that Person. References
from or through any date mean, unless otherwise specified, from and including or through and including, respectively.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
2</FONT><FONT STYLE="font-size: 10pt; text-transform: uppercase"><BR>
</FONT><FONT STYLE="font-size: 10pt">Voting</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.01.&#9; For so long as IJC and IJC Transferees, when taken together, shall Beneficially Own Company Securities but not Beneficially
Own more than fifty one percent of the issued and outstanding number of Ordinary Shares, One Spire shall, in person or by proxy, cast
all votes to which One Spire is entitled in respect of the Ordinary Shares that One Spire Beneficially Owns, whether at any annual or
special meeting of shareholders of the Company, by written consent or otherwise, in the manner directed in writing by IJC.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.02.&#9; For so long as IJC and IJC Transferees, when taken together, shall Beneficially Own Company Securities but not Beneficially
Own more than fifty one percent of the issued and outstanding number of Ordinary Shares, if IJC requests One Spire to grant IJC a proxy
to cast any or all votes to which One Spire is entitled in respect of the Ordinary Shares that One Spire Beneficially Owns, whether at
any annual or special meeting of shareholders of the Company, One Spire shall grant IJC such proxy.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.03.&#9; In the event that IJC shall transfer Ordinary Shares from IJC to IJC Transferees and IJC shall no longer Beneficially Own Company
Securities, then for so long as any such IJC Transferee shall Beneficially Own Company Securities but not, when taken together with all
other IJC Transferees, Beneficially Own more than fifty one percent of the issued and outstanding number of Ordinary Shares, such IJC
Transferee may exercise the rights granted</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 45pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">to IJC by
Section 2.01 on a <I>pro rata</I> basis in the proportion that such IJC Transferee&rsquo;s Beneficial Ownership of Ordinary Shares relates
to the aggregate Beneficial Ownership of Ordinary Shares of all such IJC Transferees.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
3</FONT><FONT STYLE="font-size: 10pt; text-transform: uppercase"><BR>
</FONT><FONT STYLE="font-size: 10pt">Transfer and Acquisition</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.01.&#9; Except with the prior consent in writing of IJC, which consent may be withheld at the sole discretion of IJC, One Spire shall
not Transfer to any Person any Company Securities Beneficially Owned by One Spire.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.02.&#9; Other than the One Spire Holding, except with the prior consent in writing of IJC, which consent may be withheld at the sole
discretion of IJC, One Spire shall not acquire Beneficial Ownership of any Company Securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
4</FONT><FONT STYLE="font-size: 10pt; text-transform: uppercase"><BR>
</FONT><FONT STYLE="font-size: 10pt">No Conflicting Agreements</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.01.&#9; One Spire shall not (1) grant any proxy or enter into or agree to be bound by any voting trust or agreement with respect to
the Company Securities, except as expressly contemplated by this Agreement, (2) enter into any agreement or arrangement of any kind with
any Person with respect to any Company Securities inconsistent with the provisions of this Agreement or for the purpose or with the effect
of denying or reducing the rights of IJC under this Agreement, including agreements or arrangements with respect to the Transfer or voting
of its Company Securities or (3) act, for any reason, as a member of a group or in concert with any other Person in connection with the
Transfer or voting of its Company Securities in any manner that is inconsistent with the provisions of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
5</FONT><FONT STYLE="font-size: 10pt"><BR>
Miscellaneous</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.01.&#9; This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, successors,
legal representatives and permitted assigns. IJC may assign this Agreement and any right or remedy arising hereunder or by reason hereof
to any IJC Transferee. One Spire may not assign this Agreement or any obligation hereunder or by reason hereof to any Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.02.&#9; All notices, requests and other communications to any party shall be in writing and shall be delivered in person (including
by courier), mailed by certified or registered mail, return receipt requested, or sent by electronic mail (so long as receipt of such
electronic mail is requested and received) to: if to IJC, C/O Karooooo Ltd., 10 Anson Road #12-14,</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 45pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">International
Plaza Singapore 079903; Email: zak.calisto@catrack.com; and if to One Spire, C/O Juan Marais, 21 Penhurst avenue, Essexwold, Bedfordview,
South Africa; Email: juan@cartrack.com.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.03.&#9; This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.04.&#9; The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising
out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court
for the Southern District of New York or any New York State court sitting in New York City, and that any case of action arising out of
this Agreement shall be deemed to have arisen from a transaction of business in the State of New York, and each of the parties hereby
irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action
or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the
laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought
in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party
anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees
that service of process on such party as provided in Section 5.02 shall be deemed effective service of process on such party.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.05.&#9; EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT
OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.06.&#9; Each party hereto acknowledges that the remedies at law of the other parties for a breach or threatened breach of this Agreement
would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other
remedies that may be available, shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining
order, a temporary or permanent injunction or any other equitable remedy that may then be available.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.07.&#9; This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. Electronic signatures complying with the New York Electronic
Signatures and Records Act (N.Y. State Tech. &sect;&sect; 301-309), as amended from time to time, or other applicable law will be deemed
original signatures for purposes of this Agreement. Transmission by telecopy, electronic mail or other transmission</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 45pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">method of
an executed counterpart of this Agreement will constitute due and sufficient delivery of such counterpart.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.08.&#9; This Agreement constitutes the entire agreement among the parties hereto and supersedes all prior and contemporaneous agreements
and understandings, both oral and written, among the parties hereto with respect to the subject matter hereof and thereof, including
the Prior Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.09.&#9; If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain
in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any party. Upon such a determination, the parties shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner
so that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first
above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">Isaias Jose Calisto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Isaias Jose Calisto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:&#9;</FONT></TD>
    <TD STYLE="width: 41%"><FONT STYLE="font-size: 10pt">Isaias Jose Calisto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">One Spire (Pty) Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Juan Marais</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:&#9; </FONT></TD>
    <TD STYLE="width: 41%"><FONT STYLE="font-size: 10pt">Juan Marais</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:&#9;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>4
<FILENAME>dp163330_ex9904.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.4</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><IMG SRC="image_001.jpg" ALT="https:||www.bing.com|th?id=OIP.VEMUFI2oaj98RckiSnjbcgHaFj&w=200&h=150&c=8&rs=1&qlt=90&o=6&pid=3.1&rm=2" STYLE="height: 55px; width: 93px"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">Execution Version</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.05pt; text-align: center; color: #2D2D2D"><B>SALE OF SHARES AGREEMENT</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.05pt; text-align: center; color: #2D2D2D">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt; text-align: center; color: #2D2D2D"><B>between</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt; text-align: center; color: #2D2D2D">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.75pt; text-align: center; color: #2D2D2D"><B>GEORGEM HOLDINGS
PROPRIETARY LIMITED</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.75pt; text-align: center; color: #2D2D2D">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 0.05in; text-align: center; color: #2D2D2D"><B>and</B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 0.05in; text-align: center; color: #2D2D2D">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.35pt; text-align: center; color: #2D2D2D"><B>ONE SPIRE PROPRIETARY
LIMITED</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.35pt; text-align: center; color: #2D2D2D">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.35pt; text-align: center; color: #2D2D2D">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The Central 96 Rivonia Road</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Sandton 2196 Johannesburg South Africa</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Private Bag 10015 Sandton 2146</P></TD>
    <TD STYLE="width: 36%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Docex 111 Sandton</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Tel&#9;+ 27 11 535 8000</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Fax&#9;+ 27 11 535 8600</P></TD>
    <TD STYLE="width: 24%; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">www.werksmans.com</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 5.3pt 0pt 4.35pt; text-align: center; color: #2D2D2D">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">TABLE OF CONTENTS</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; width: 5%">1</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 90%">INTERPRETATION</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%">3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">2</TD>
    <TD STYLE="font-weight: bold; text-align: left">INTRODUCTION</TD>
    <TD STYLE="font-weight: bold; text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">3</TD>
    <TD STYLE="font-weight: bold; text-align: left">SUSPENSIVE CONDITIONS</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">4</TD>
    <TD STYLE="font-weight: bold; text-align: left">SALE</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">5</TD>
    <TD STYLE="font-weight: bold; text-align: left">PURCHASE PRICE AND PAYMENT</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">6</TD>
    <TD STYLE="font-weight: bold; text-align: left">LOAN REPAYMENT TERMS</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">7</TD>
    <TD STYLE="font-weight: bold; text-align: left">BORROWER UNDERTAKING</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">8</TD>
    <TD STYLE="font-weight: bold; text-align: left">CLOSING</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">9</TD>
    <TD STYLE="font-weight: bold; text-align: left">WARRANTIES</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">10</TD>
    <TD STYLE="font-weight: bold; text-align: left">CONFIDENTIALITY</TD>
    <TD STYLE="font-weight: bold; text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">11</TD>
    <TD STYLE="font-weight: bold; text-align: left">GOVERNING LAW</TD>
    <TD STYLE="font-weight: bold; text-align: right">11</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">12</TD>
    <TD STYLE="font-weight: bold; text-align: left">BREACH</TD>
    <TD STYLE="font-weight: bold; text-align: right">11</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">13</TD>
    <TD STYLE="font-weight: bold; text-align: left">DISPUTES</TD>
    <TD STYLE="font-weight: bold; text-align: right">11</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">14</TD>
    <TD STYLE="font-weight: bold; text-align: left">CESSION AND ASSIGNMENT</TD>
    <TD STYLE="font-weight: bold; text-align: right">12</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">15</TD>
    <TD STYLE="font-weight: bold; text-align: left">DOMICILIUM AND NOTICES</TD>
    <TD STYLE="font-weight: bold; text-align: right">12</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">16</TD>
    <TD STYLE="font-weight: bold; text-align: left">GENERAL</TD>
    <TD STYLE="font-weight: bold; text-align: right">14</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">17</TD>
    <TD STYLE="font-weight: bold; text-align: left">GOVERNING LAW</TD>
    <TD STYLE="font-weight: bold; text-align: right">15</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">18</TD>
    <TD STYLE="font-weight: bold; text-align: left">COSTS</TD>
    <TD STYLE="font-weight: bold; text-align: right">15</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_003.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">SALE OF SHARES AGREEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">between</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">GEORGEM HOLDINGS PROPRIETARY LIMITED</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">ONE SPIRE PROPRIETARY LIMITED</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1</TD><TD>INTERPRETATION</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In this Agreement clause headings are
for convenience and shall not be used in its interpretation and unless the context clearly indicates a contrary intention -</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.1</TD><TD STYLE="text-align: justify">an expression which denotes -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.1.1</TD><TD STYLE="text-align: justify">any gender includes the other gender;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.1.2</TD><TD STYLE="text-align: justify">a natural person includes a juristic person and vice versa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.1.3</TD><TD STYLE="text-align: justify">the singular includes the plural and vice versa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.2</TD><TD STYLE="text-align: justify">the following expressions&#9;shall bear the following meanings and related expressions bear corresponding
meanings -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.1</TD><TD STYLE="text-align: justify"><B>&ldquo;Agreement&rdquo; </B>&ndash; this docume<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">n</FONT>t,
as may be amended from time to time;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.2</TD><TD STYLE="text-align: justify"><B>&ldquo;Business Day&rdquo; </B>&ndash; any day which is not a Saturday, Sunday or official public holiday
in South Africa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.3</TD><TD STYLE="text-align: justify"><B>&ldquo;Companies Act&rdquo; </B>&ndash; the Companies Act 71 of 2008 and the Companies Regulations
promulgated thereunder;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.4</TD><TD STYLE="text-align: justify"><B>&ldquo;Company&rdquo; </B>&ndash; Karooooo Limited, a public company incorporated and registered in
the Republic of Singapore (Unique Entity Number: 2018171572) with a primary listing on the NGSM and a secondary inward listing on the
JSE;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.5</TD><TD STYLE="text-align: justify"><B>&ldquo;CSDP&rdquo; </B>&ndash; a Central Securities Depositary Participant, accepted as a participant
in terms of the Financial Markets Act, 2012;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.6</TD><TD STYLE="text-align: justify"><B>&ldquo;JSE&rdquo; </B>&ndash; the main board of the Johannesburg Stock Exchange operated by the JSE
Limited;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.7</TD><TD STYLE="text-align: justify"><B>&ldquo;NGSM&rdquo; </B>&ndash; Nasdaq Global Select Market;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.8</TD><TD STYLE="text-align: justify"><B>&ldquo;Parties&rdquo; </B>&ndash; collectively, the signatories to this Agreement; and any reference
to <B>&ldquo;Party&rdquo; </B>shall be a reference to any one of them, as the context may indicate;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.9</TD><TD STYLE="text-align: justify"><B>&ldquo;Purchaser&rdquo; </B>&ndash; One Spire Proprietary Limited (registration number: 2021/704023/07),
a limited liability private company duly registered and incorporated in accordance with the laws of South Africa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.10</TD><TD STYLE="text-align: justify"><B>&ldquo;Purchase Price&rdquo; </B>&ndash; the aggregate consideration payable by the Purchaser to the
Seller for the Sale Shares in terms of the Sale as stipulated in 5.1;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.11</TD><TD STYLE="text-align: justify"><B>&ldquo;R&rdquo;, &ldquo;Rand&rdquo; </B>and <B>&ldquo;ZAR&rdquo; </B>&ndash; the currency of South
Africa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.12</TD><TD STYLE="text-align: justify"><B>&ldquo;Repayment Notice&rdquo; </B>&ndash; a written notice from the Seller to the Purchaser demanding
payment of the outstanding balance of the Loan in terms of 6.3;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.13</TD><TD STYLE="text-align: justify"><B>&ldquo;Sale&rdquo; </B>&ndash; the acquisition by the Purchaser of the Sale Shares from the Seller
as more fully detailed in 4;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.14</TD><TD STYLE="text-align: justify"><B>&ldquo;Sale Shares&rdquo; </B>&ndash; 100 000 shares <FONT STYLE="color: #2F2F2F">in </FONT>the issued
share capital of the Company, which shares are listed on the JSE;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.15</TD><TD STYLE="text-align: justify"><B>&ldquo;Seller&rdquo; </B>&ndash; Georgem Holdings Proprietary Limited (registration number: 2012/106706/07),
a limited liability private company duly registered and incorporated in accordance with the laws of South Africa;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.16</TD><TD STYLE="text-align: justify"><B>&ldquo;Share Sale Date&rdquo; </B>&ndash; 29 Nov<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e</FONT>mber
2021;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.17</TD><TD STYLE="text-align: justify"><B>&ldquo;Signature Date&rdquo; </B>&ndash; the date of signature of this Agreement by the last of its
signatories;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.18</TD><TD STYLE="text-align: justify"><B>&ldquo;South Africa&rdquo; </B>&ndash; the Republic of South Africa; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.2.19</TD><TD STYLE="text-align: justify"><B>&ldquo;Suspensive Condition&rdquo; </B>&ndash; shall bear the meaning ascribed thereto in 3.1;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.3</TD><TD STYLE="text-align: justify">any reference to any statute, regulation or other legislation shall be a reference to that statute, regulation
or other legislation as at the Signature Date, and as amended or substituted from time to time;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.4</TD><TD STYLE="text-align: justify">if any provision in a definition is a substantive provision conferring any right or imposing any obligation
on any party, then notwithstan<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d</FONT>ing that it is only in the interpretation
clause effect shall be given to it as if it were a substantive provision in this Agreement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.5</TD><TD STYLE="text-align: justify">where any term is defined within a particular clause other than 1.2, that term shall bear the meaning
ascribed to it in that clause wherever it is used in this Agreement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.6</TD><TD STYLE="text-align: justify">where any number of days is to be calculated from a particular day, such number shall be calculated as
excluding such particular day and commencing on the next day. If the last day of such number so calculated falls on a day which is not
a Business Day, the last day shall be deemed to be the next succeeding day which is a Business Day;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.7</TD><TD STYLE="text-align: justify">any reference to days (other than a reference to Business Days) months or years shall be a reference to
calendar days, calendar months or calendar years, respectively;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.8</TD><TD STYLE="text-align: justify">any term which refers to a South African legal concept or process (for example, without limiting the aforegoing,
winding-up or curatorship) shall be deemed to include a reference to the equivalent or analogous concept or process in any other jurisdiction
in which this Agreement may apply or to the laws of which a Party may be or become subject;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.9</TD><TD STYLE="text-align: justify">the expiry, termination or cancellation of this Agreement shall not affect those provisions of this Agreement
which expressly provide that they will operate after any such expiry, termination or cancellation or which of necessity must continue
to have effect after such expiry, termination or cancellation, notwithstanding that such provisions do not expressly provide for this;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.10</TD><TD STYLE="text-align: justify">the use of the words <B>&ldquo;including&rdquo;, &ldquo;includes&rdquo; </B>and <B>&ldquo;include&rdquo;
</B>followed by a specific example/s shall not be construed as limiting the meaning of the general wording preceding it and the rule of
interpretation to the contrary shall not be applied in the interpretation of such general wording or such specific example/s; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.11</TD><TD STYLE="text-align: justify">an electronic signature or an advanced electronic signature, as defined in the Electronic Communications
and Transactions Act No 25 of 2002, shall not constitute a signature for any purpose in terms of this Agreement; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">1.12</TD><TD STYLE="text-align: justify">the terms of this Agreement having been negotiated, rule of interpretation which prescribes that, in the
event of ambiguity, a contract should be interpreted against the party responsible for its drafting, shall not be applied in the interpretation
of this Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2</TD><TD>INTRODUCTION</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Seller has agreed to sell to the
Purchaser, which has agreed to purchase, the Sale Shares on the terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3</TD><TD>SUSPENSIVE CONDITIONS</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">3.1</TD><TD STYLE="text-align: justify">This whole Agreement (other than 1, this 3 and 10 to 18 (both inclusive), by which the Parties shall be
bound with effect from the Signature Date) is subject to the fulfilment of the suspensive condition <B>(&ldquo;Suspensive Condition&rdquo;)
</B>that on or before the Share Sale Date, the Parties shall have each passed the resolutions necessary to enter into this Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">3.2</TD><TD STYLE="text-align: justify">Each Party shall use reasonable endeavours to procure the fulfilment of the Suspensive Condition as soon
as practically possible after the Signature Date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">3.3</TD><TD STYLE="text-align: justify">The Suspensive Condition<FONT STYLE="color: #333333">, </FONT>being regulatory in nature<FONT STYLE="color: #333333">,
</FONT>may not be waived<FONT STYLE="color: #525252">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">3.4</TD><TD STYLE="text-align: justify">If the Suspensive Condition is not fulfilled for any reason whatever, then -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">3.4.1</TD><TD STYLE="text-align: justify">this whole Agreement (other than 1, this 3 and 10 to 18 (both inclusive), by which the Parties shall remain
bound) shall be of no force or effect;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">3.4.2</TD><TD STYLE="text-align: justify">the Parties shall be entitled to be restored as near as possible to the positions in which they would
have been<FONT STYLE="color: #333333">, </FONT>had this Agreement not been entered into; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">3.4.3</TD><TD STYLE="text-align: justify">neither Party shall have any claim against the other in terms of this Agreement except for such claims
(if any) as may arise from a breach of this 3 or from any other provision of this Agreement by which the Parties remain bound.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4</TD><TD>SA<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">L</FONT>E</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">4.1</TD><TD STYLE="text-align: justify">The Seller hereby agrees to sell the Sale Shares to the Purchaser, who agrees to purchase the Sale Shares,
as an off-market trade, with effect from the Share Sale Date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">4.2</TD><TD STYLE="text-align: justify">Notwithstanding the Signature Date, all risk in and benefit attaching to the Sale Shares in terms of the
Sale shall pass to the Purchaser with effect from the Share Sale Date<FONT STYLE="color: #333333">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5</TD><TD>PURCHASE PRICE AND PAYMENT</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">5.1</TD><TD STYLE="text-align: justify">The Purchase Price that shall be payable by the Purchaser to the Seller in consideration for the Sale
Shares shall be an amount of ZAR 500.00 (five hundred) per Sale Share with an aggregate Purchase Price of ZAR 50,000,000 (fifty million).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">5.2</TD><TD STYLE="text-align: justify">The Purchase Price shall not be payable immediately by the Purchaser and shall remain owing by the Purchaser
to the Seller on loan account <B>(&ldquo;Loan&rdquo;).</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6</TD><TD>LOAN REPAYMENT TERMS</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">6.1</TD><TD STYLE="text-align: justify">The Loan shall not bear interest.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">6.2</TD><TD STYLE="text-align: justify">The Purchaser shall utilise a minimum of 20% of all dividends received by the Purchaser in respect of
the Sale Shares following the Share Sale Date <B>(&ldquo;Dividend&rdquo;) </B>to repay the Loan until such a time as the Loan has been
repaid in full <B>(&ldquo;Dividend Repayment&rdquo;). </B>The Dividend Repayment shall be paid to the Seller within five Business Days
of receipt of the Dividend.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">6.3</TD><TD STYLE="text-align: justify">Notwithstanding the provisions of 6.2, the outstanding balance of the Loan at any time shall be repayable
on demand by no later than -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">6.3.1</TD><TD STYLE="text-align: justify">ten Business Days following the date of receipt of the Repayment Notice by the Purchaser; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">6.3.2</TD><TD STYLE="text-align: justify">one Business Day following the sale by the Purchaser of the Sale Shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">6.3.3</TD><TD STYLE="text-align: justify">The Purchaser shall be entitled to voluntarily repay any portion of the outstanding balance of the Loan
at any time.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7</TD><TD>BORROWER UNDERTAKING</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On each anniversary of the Share Sale
Date, the Purchaser shall deliver to the Seller an acknowledgement in a form substantially similar to the specimen attached hereto as
Annexure A.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8</TD><TD>CLOSING</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Prior to the Share Sale Date, the Parties
shall procure that the necessary instructions are issued to their respective CSDPs so as to transfer the Sale Shares from the Seller to
the Purchaser as contemplated in this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9</TD><TD>WARRANTIES</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">9.1</TD><TD STYLE="text-align: justify">The Seller warrants and represents to the Purchaser that as at the &ndash;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">9.1.1</TD><TD STYLE="text-align: justify">Signature Date and the Share Sale Date (and the entire period between those dates) -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1.25in">9.1.1.1</TD><TD STYLE="text-align: justify">it is the sole beneficial owner and registered holder of the Sale Shares;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1.25in">9.1.1.2</TD><TD STYLE="text-align: justify">no person, other than the Purchaser, shall have any right (including any option or right of first refusal)
to acquire any of the Sale Shares owned and held by it;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1.25in">9.1.1.3</TD><TD STYLE="text-align: justify">none of the Sale Shares owned and held by it have been sold, alienated, donated or otherwise disposed
of or transferred to any other person; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1.25in">9.1.1.4</TD><TD STYLE="text-align: justify">no impediment exists to giving free and unencumbered title to the Sale Shares owned and held by <FONT STYLE="color: #262626">it
</FONT>to the Purchaser as herein provided for; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">9.1.2</TD><TD STYLE="text-align: justify">Share Sale Date, subject to 8, it shall give free and unencumbered title of the Sale Shares owned and
held by it to the Purchaser.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">9.2</TD><TD STYLE="text-align: justify">Each Party warrants to the other that it has the legal powers, capacity and authority required to conclude
and implement this Agreement and such conclusion and implementation do not conflict with any obligation or restriction applicable to such
Party, whether <FONT STYLE="color: #262626">in </FONT>terms of any applicable <FONT STYLE="color: #262626">law, </FONT>its constitution
(if applicable) or otherwise.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10</TD><TD>CONFIDENTIALITY</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Notwithstanding the cancellation or termination
of this Agreement, no Party <B>(&ldquo;Receiving Party&rdquo;) </B>shall, at any time after the conclusion of this Agreement, disclose
to any person or use in any manner whatever any other Party&rsquo;s Confidential Information or the existence and contents of this Agreement;
provided that -</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">10.1</TD><TD STYLE="text-align: justify">any Party may disclose the existence and contents of this Agreement to the extent required by any rules
of any stock exchange by which that Party is bound; provided further that no such disclosure shall be made unless the other Parties have
first given their written approval for the form thereof, which approval may not be withheld unreasonably;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">10.2</TD><TD STYLE="text-align: justify">the Receiving Party may disclose the other Parties&rsquo; Confidential Information and the existence and
contents of this Agreement -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.2.1</TD><TD STYLE="text-align: justify">to the extent required by law (other than in terms of a contractual obligation of the Receiving Party);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.2.2</TD><TD STYLE="text-align: justify">to, and permit the use thereof by, its employees, representatives and professional advisers to the extent
strictly necessary for the purpose of implementing or enforcing this Agreement or obtaining professional advice or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">conducting its business,
it being specifically agreed that any disclosure or use by any such employee, representative or adviser of such Confidential Information
or other information for any other purpose shall constitute a breach of this 10 by the Receiving Party; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">10.3</TD><TD STYLE="text-align: justify">the provisions of this 10 shall cease to apply to any Confidential Information of any Party which &ndash;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.3.1</TD><TD STYLE="text-align: justify">is or becomes generally available to the public other than as a result of a breach by the Receiving Party
of its obligations in terms of this 10;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.3.2</TD><TD STYLE="text-align: justify">is also received by the Receiving Party from a third party who did not acquire such Confidential Information
subject to any duty of confidentiality in favour of the other Parties; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.3.3</TD><TD STYLE="text-align: justify">was known to the Receiving Party prior to receiving it from the other Party.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&ldquo;Confidential Information&rdquo;
</B>of any Party shall mean any information disclosed by that Party to the Receiving Party prior to the conclusion of this Agreement,
in terms of this Agreement or otherwise in connection with this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11</TD><TD>GOVERNING LAW</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">This Agreement shall in all respects
(including its existence<FONT STYLE="color: #333333">, </FONT>validity, interpretation, implementation, termination and enforcement) be
governed by the laws of South Africa<FONT STYLE="color: #565656">.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">12</TD><TD>BREACH</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Should any Party breach any provision
of this Agreement <B>(&ldquo;Defaulting Party&rdquo;), </B>and fail to remedy such breach within seven days after receiving written notice
requiring such remedy from any other Party <B>(&ldquo;Aggrieved Party&rdquo;), </B>then the Aggrieved Party shall be entitled, without
prejudice to its other rights under this Agreement or in law (including without limitation any right to claim damages), to claim immediate
specific performance of all of the Defaulting Party&rsquo;s obligations then due for performance Notwithstanding anything to the contrary
contained in this Agreement, no Party shall be entitled to cancel or rescind this</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Agreement after the performance by all
Parties of their obligations which are required to be performed on the Effective Date in terms of this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">13</TD><TD>DISPUTES</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.1</TD><TD STYLE="text-align: justify">Save as expressly otherwise provided in this Agreement, any dispute arising out of or in connection with
this Agreement, including any dispute as to its existence<FONT STYLE="color: #333333">,</FONT> validity<FONT STYLE="color: #333333">,</FONT>
enforceability or termination<FONT STYLE="color: #333333">,</FONT> shall be finally resolved in accordance with the applicable rules of
the Arbitration Foundation of Southern Africa (or its successor-in-title) <B>(&ldquo;AFSA<FONT STYLE="color: #333333">&rdquo; </FONT>)<FONT STYLE="color: #333333">,
</FONT></B>as determined by AFSA, provided that the rules for expedited arbitrations shall not apply unless the parties to the dispute
agree otherwise in writing<FONT STYLE="color: #333333">. </FONT>The dispute shall be resolved by an arbitrator appointed by AFSA. If AFSA
determines that the AFSA Commercial Rules are applicable, there shall be no right of appeal as provided for in article 22 of such rules.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.2</TD><TD STYLE="text-align: justify">The seat of the arbitration shall be Johannesburg, South Africa.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.3</TD><TD STYLE="text-align: justify">The language to be used in the arbitral proceedings shall be English<FONT STYLE="color: #333333">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.4</TD><TD STYLE="text-align: justify">The arbitration shall be held in private and, without derogating from the provisions of 10, the confidentiality
provisions of section 11(2) of the International Arbitration Act No 15 of 2017 shall apply as if the arbitration were an international
arbitration, as contemplated in that Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.5</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary contained in this 13, any party to the dispute shall be entitled
to obtain interim relief on an urgent basis from any competent court having jurisdiction<FONT STYLE="color: #343434">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.6</TD><TD STYLE="text-align: justify">For the purposes of 13.5 and for the purposes of having any award made by the arbitrator being made an
order of court<FONT STYLE="color: #343434">, </FONT>each of the Parties hereby submits <FONT STYLE="color: #262626">itself </FONT>to the
non-exclusive jurisdiction of the High Court of South Africa, Gauteng Local Division, Johannesburg, and any other court having jurisdiction<FONT STYLE="color: #444444">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.7</TD><TD STYLE="text-align: justify">For the avoidance of doubt, a Person that accepts a benefit conferred on it by any <I>stipulatio alteri
</I>contained in this Agreement shall be bound by the provisions of this <FONT STYLE="color: #262626">13.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">13.8</TD><TD STYLE="text-align: justify">This 13 is severable from the other provisions of this Agreement and shall remain in full force and effect
notwithstanding any termination<FONT STYLE="color: #343434">, </FONT>cancellation, invalidity, unenforceability or unlawfulness of this
Agreement, or any part thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">14</TD><TD>CESSION AND ASSIGNMENT</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">No Party shall be entitled <FONT STYLE="color: #262626">to
</FONT>cede<FONT STYLE="color: #343434">, </FONT>transfer, assign or burden any of its rights or delegate any of its obligations under
this Agreement without the prior written consent of the other Parties.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">15</TD><TD>DOMICILIUM AND NOTICES</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.1</TD><TD STYLE="text-align: justify">The Parties choose <I>domicilium citandi et executandi </I><B>(&ldquo;Domicilium&rdquo;) </B>for all purposes
relating to this Agreement, including the giving of any notice, the payment of any sum, the serving of any process, as follows <FONT STYLE="color: #262626">-</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">15.1.1</TD><TD STYLE="text-align: justify"><B>Seller </B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 45%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt; width: 33%">physical&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt; width: 67%">21 Penhurst Avenue<BR>
Essexwold<BR>
Bedfordview<BR>
2007</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt">email&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt"><U>juan@cartrack.com</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt">attention&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt">Juan Marais</TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">15.1.2</TD><TD STYLE="text-align: justify"><B>Purchaser </B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 45%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt; width: 33%">physical&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt; width: 67%">21 Penhurst Avenue<BR>
Essexwold<BR>
Bedfordview<BR>
2007</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt">email&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt"><U>juan@cartrack.com</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 4pt">attention&#9;-</TD>
    <TD STYLE="padding-bottom: 4pt">Juan Marais</TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.2</TD><TD STYLE="text-align: justify">Each of the Parties shall be entitled from time to time, by giving written notice to the others<FONT STYLE="color: #363636">,
</FONT>to vary its physical Domicilium to any other physical address (not being a post office box or poste restante) and/or to vary its
email domicilium to any other email address.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.3</TD><TD STYLE="text-align: justify">Any notice given or payment made by any Party to the others <B>(&ldquo;Addressee&rdquo;) </B>which is
delivered by hand between the hours of 09:00 and 17:00 on any Business Day to the Addressee&rsquo;s physical Domicilium for the time being
shall be deemed to have been received by the Addressee at the time of delivery<FONT STYLE="color: #363636">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.4</TD><TD STYLE="text-align: justify">Any notice given by either Party to the others which is successfully transmitted by email to the Addressee&rsquo;s
email Domicilium for the time being <B>(&ldquo;Transmitted&rdquo;) </B>shall, if the notice is Transmitted -</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">15.4.1</TD><TD STYLE="text-align: justify">by no later than 17:00 on a Business Day, be deemed (unless the contrary is proved) to have been received
by the Addressee on that day;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">15.4.2</TD><TD STYLE="text-align: justify">after 17<FONT STYLE="color: #363636">:</FONT>00 on a Business Day or is Transmitted on a day which is
not a Business Day, be deemed (unless the contrary is proved) to have been received by the Addressee on the next day which is a Business
Day.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.5</TD><TD STYLE="text-align: justify">This 12 shall not operate so as to invalidate the giving or receipt of any written notice which is actually
received by the Addressee other than by a method referred to in this 12.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">15.6</TD><TD STYLE="text-align: justify">Any notice in terms of or in connection with this Agreement shall be valid and effective only if in writing
and if received or deemed to be received by the Addressee.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">16</TD><TD>GENERAL</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.1</TD><TD STYLE="text-align: justify">This Agreement constitutes the sole record of the agreement between the Parties in relation to the subject
matter hereof<FONT STYLE="color: #414141">. </FONT>No Party shall be bound by any express, tacit or implied term, representation, warranty,
promise or the like not recorded herein. This Agreement supersedes and replaces all prior commitments, undertakings or representations,
whether oral or written, between the Parties in respect of the subject matter hereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.2</TD><TD STYLE="text-align: justify">No addition to, variation, novation or agreed cancellation of any provision of this Agreement shall be
binding upon the Parties unless reduced to writing and signed by or on behalf of the Parties.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.3</TD><TD STYLE="text-align: justify">Without prejudice to any other provision of this Agreement, any successor-in-title, including any executor<FONT STYLE="color: #2F2F2F">,
</FONT>heir<FONT STYLE="color: #2F2F2F">, </FONT>liquidator, judicial manager, curator or trustee, of any Party shall be bound by this
Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.4</TD><TD STYLE="text-align: justify">No waiver, indulgence or extension of time which any Party <B>(&ldquo;Grantor&rdquo;) </B>may grant to
any other<FONT STYLE="color: #2F2F2F">, </FONT>nor any delay or failure by the Grantor to enforce, whether completely or partially, any
of its rights, shall constitute a waiver of or, whether by estoppel or otherwise, limit any of the existing or future rights of the Grantor
in terms hereof<FONT STYLE="color: #2F2F2F">,</FONT> save in the event and to the extent that the Grantor has signed a written document
expressly waiving or limiting such right.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.5</TD><TD STYLE="text-align: justify">All costs, charges and expenses of every nature whatever which may be incurred by any Party in enforcing
its rights in terms of this Agreement, including without limiting the generality of the aforegoing, legal costs on the scale as between
attorney and own client and collection commission, irrespective of whether any action has been instituted, shall be recoverable from the
Party against which such rights are successfully enforced.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.6</TD><TD STYLE="text-align: justify">Save as expressly provided in this Agreement, no Party shall be entitled to cede<FONT STYLE="color: #343434">,</FONT>
delegate, encumber, assign or otherwise transfer any of its rights and/or obligations in terms of<FONT STYLE="color: #343434">, </FONT>and/or
interest in, this Agreement to any third party without the prior written signed consent of the other Party<FONT STYLE="color: #343434">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.7</TD><TD STYLE="text-align: justify">Unless otherwise expressly stipulated in this Agreement, each Party to this Agreement contracts as a principal
and not as an agent for any other Person, disclosed or undisclosed.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.8</TD><TD STYLE="text-align: justify">The signature by any Party of a counterpart of this Agreement shall be as effective as if that Party had
signed the same document as the other Party/ies.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">16.9</TD><TD STYLE="text-align: justify">Each provision of this Agreement is, notwithstanding the grammatical relationship between that provision
and the other provisions of this Agreement, severable from the other provisions of this Agreement. Any provision of this Agreement which
is or becomes invalid, unenforceable or unlawful in any jurisdiction shall, in such jurisdiction only, be treated as pro non scripto to
the extent that it is so invalid, unenforceable or unlawful, without invalidating or affecting the other provisions of this Agreement
which shall remain of full force and effect. The Parties declare that it</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in">is their intention
that this Agreement would be executed without such invalid, unenforceable or unlawful provision if they were aware of such invalidity,
unenforceability or unlawfulness at the time of execution of this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17</TD><TD>GOVERNING LAW</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">17.1</TD><TD STYLE="text-align: justify">This Agreement shall in all respects (including its existence<FONT STYLE="color: #343434">, </FONT>validity,
interpretation, implementation<FONT STYLE="color: #343434">, </FONT>termination and enforcement) be governed by the law of South Africa
which is applicable to agreements executed and wholly performed within South Africa.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in">17.2</TD><TD STYLE="text-align: justify">This 17 is severable from the other provisions of this Agreement and shall remain in full force and effect
notwithstanding any termination, cancellation, invalidity, unenforceability or unlawfulness of this Agreement, or any part thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">18</TD><TD>COSTS</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Save as expressly otherwise provided
in this Agreement, each Party shall bear and pay its own costs in relation to the negotiation, drafting, finalisation<FONT STYLE="color: #363636">,
</FONT>signing and implementation of this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><I>**signature pages to immediately follow**</I></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">Signed at&#9;<I>Johannesburg</I>&#9;on&#9;<I>29
November</I>&#9;2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">for <B>Georgem Holdings Proprietary Limited</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Juan Marais</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>who warrants that he is duly<BR>
authorized hereto</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 16 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">Signed at&#9;<I>Johannesburg</I>&#9;on&#9;<I>29
November</I>&#9;2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">for <B>One Spire Proprietary Limited</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Juan Marais</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>who warrants that he is duly<BR>
authorized hereto</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">ANNEXURE A - FORM OF ACKNOWLEDGEMENT</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">I<FONT STYLE="color: #383838">, </FONT>Juan Marais
with identity number 6804105041080, in my capacity as a director of One Spire Proprietary Limited (registration number<FONT STYLE="color: #383838">:
</FONT>2021/704023/07) <B>(&ldquo;Company&rdquo;), </B>hereby<FONT STYLE="color: #383838">, </FONT>acknowledge the Company to be truly
and lawfull<FONT STYLE="color: #383838">y) </FONT>indebted/liable to Georgem Holdings Proprietary Limited<FONT STYLE="color: #8E8E8E">;
</FONT>(registration number: 2012/106706/07) <B>(&ldquo;Creditor&rdquo;) </B>in/for the sum of ZAR 50,000,000 (fifty million), as at the
date hereof, such indebtedness/liability arising as recorded and more fully detailed in the sale of shares agreement concluded between
the Company and the Creditor on or about 29 November 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">Signed at&#9;<I>Johannesburg</I>&#9;on&#9;<I>29
November</I>&#9;2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt">for <B>One Spire Proprietary Limited</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Juan Marais</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">who warrants that he is duly<BR>
authorized hereto</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 18; Options: Last -->
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begin 644 image_002.jpg
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end
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</SEC-DOCUMENT>
