ASG PROPERTIES SOLE PROPRIETOR - P.A.

Govender
VAT REG No.: 408 010 8394
55 LAHORE ROAD, PIETERMARITZBURG, 3201 TEL: 033 – 38 73781, FAX NO.: 033 / 38 73225

AGREEMENT OF LEASE: COMMERCIAL

Memorandum of Agreement entered into and concluded by and between

LEASE SCHEDULE

A. LESSOR
NAME : CRYSTAL SPARKLE TRADING 91 c.c.
REGISTRATION No. : CK No.: 2003 / 029 755 / 23
VAT REG No. : NOT REGISTERED
REPRESENTED BY : PREGALATHEN GOVENDER (ID NO.: 481205 5109 080) in his capacity as MEMBER
who warrants that he is duly authorised in terms of a resolution … (hereinafter
together with its successors in title or assigns referred to as the LESSOR)

B. LESSEE
NAME : CANNASPENSARY (PTY) LTD, together with NAGINDRA MAHARAJ & DERASHA
RAMESH MAHARAJ
REGISTRATION No. : 2014 / 214 279 / 07
VAT REG No. : NOT REGISTERED
REPRESENTED BY : RONILA MAHARAJ (ID No.: 580805 0196 089) in her capacity as SOLE DIRECTOR
who warrants that she is duly authorised in terms of a resolution; together with
NAGINDRA MAHARAJ (ID No.: 820810 5253 083) & DERASHA MAHARAJ (ID No.:
880202 0299 088) … (hereinafter with his/her Heirs, Executors, Administrators or
assigns, called the LESSEE).

C. PREMISES LEASED & TRADING TIMES

ADDRESS: PORTION 37 OF ERF 1203 OF PIETERMARITZBURG and known as SECTION 2 & 4 OF 55 LAHORE ROAD,
NORTHDALE, PIETERMARITZBURG for the purposes of this lease, in the extent of ± 122 m2, together with a portion of
the external yard, and the shed at the rear of the property, the square meter area of which is not included in the
extent above. Per annexed diagram Annexure B, attached hereto.

TRADING TIMES

SUN MON TUE WED THUR FRI SAT

8:00 – 22:00 8:00 – 21:00 8:00 – 21:00 8:00 – 21:00 8:00 – 21:00 8:00 – 22:00 8:00 – 22:00

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 PUBLIC HOLIDAYS – The LESSEE will have the discretion as to whether the store will open on any Public Holiday.
The trading times during Public Holidays not to exceed the daily times listed for the day above.

D. LEASE PERIOD
FROM : 1 JUNE 2024
TO : 31 MAY 2026

E. RENTAL FOR LEASE

TOTAL RENTAL
FROM TO
(PER MONTH)

1 JUNE 2024 31 DECEMBER 2024 R 7, 000 .00

1 JANUARY 2025 31 MAY 2025 R 10, 000 .00
1 JUNE 2025 31 MAY 2026 R 11, 000 .00

The above table is for illustrative purposes.

Should there be a dispute in relation to the illustrated above, then all calculations with respect to escalation and VAT
shall be based on the per month amount as stated below:

The initial rental shall be R 10, 000. 00 (TEN THOUSAND RAND) per month EXCLUSIVE of VAT. The LESSEE is aware
that all cash deposits made in respect of any amounts due from this agreement will attract a cash deposit fee.

F. ESCALATION
The parties agree to an annual escalation of the initial rental at a rate of TEN PERCENT (10 %), and will automatically
be calculated after every successive 12 month period calculated from 31 MAY 2025.

G. DEPOSIT
A deposit shall be paid to the LESSOR, payable upon signature of the LESSOR hereto, and shall be broken down as
follows:

DESCRIPTION AMOUNT

KEY DEPOSIT R 10, 000. 00

SERVICES DEPOSIT R 5, 000. 00
TOTAL DEPOST HELD R 15, 000. 00

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H. OPTION PERIOD (RENEWAL)
The option needs to be exercised by the 28 FEBRUARY 2026, and will extend the lease period by TWO (2) years,
commencing on the 1 JUNE 2026.

I. BANKING DETAILS

LESSOR

ACCOUNT NAME CRYSTAL SPARKLE TRADING 91 c.c.

BANKING INSTITUTE STANDARD BANK OF SOUTH AFRICA
TYPE OF ACCOUNT TRADING – CHEQUE
ACCOUNT NUMBER 1015 9758 848

DEPOSIT REFERENCE LAH55CANA

LESSEE

ACCONT NAME DARSH LOGISTICS (PTY) LTD

BANKING INSTITUTE FIRST NATIONAL BANK
TYPE OF ACCOUNT GOLD BUSINESS ACCOUNT – CHEQUE
ACCOUNT NUMBER 6293 2647 392

J. LESSEE STATEMENT ADDRESS

PHYSICAL POSTAL

55 LAHORE ROAD, NORTHDALE, 55 LAHORE ROAD, NORTHDALE,

PIETERMARITZBURG. PIETERMARITZBURG, 3201.

K. DOMICILIUM ET EXECUTANDI (LESSOR)

PHYSICAL POSTAL

55 LAHORE ROAD, NORTHDALE, 55 LAHORE ROAD, NORTHDALE,

PIETERMARITZBURG. PIETERMARITZBURG.

033 387 3781

TELEPHONE: E-MAIL: [email protected]
083 406 7408

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L. DOMICILIUM ET EXECUTANDI (LESSEE)

PHYSICAL POSTAL

55 LAHORE ROAD, NORTHDALE, 55 LAHORE ROAD, NORTHDALE,

PIETERMARITZBURG. PIETERMARITZBURG.

033 396 1727

[email protected]
TELEPHONE: 071 325 9369 (DERASHA) E-MAIL:
[email protected]
071 647 079 (NAGINDRA)

M. PURPOSE OF OCCUPATION
The LESSEE occupies the premises for the purpose of operating a wellness centre, with the dispensary of Ayurvedic
Medicines, and Cannabis Products, as regulated by South African Laws.

N. SPECIAL CONDITIONS
i. Per clause 27, 28, and 29 of Memorandum of Agreement of Lease Annexure A, and as agreed, the Lessee will
be responsible for the cost of Electricity, Water, Sewer, and Refuse charges for the leased portion of the property.
The Lessee is aware that currently there is no separate Electricity and Water meters. In order to determine the
cost of these services all municipal services will be calculated on a per square meter rate. Until the relevant
meters can be installed.

ii. There are no allocated parking spaces in the front of the building, and parking is to be determined on a first come
basis.

iii. The Lessee shall have exclusive use of the shed, at the rear of the property, per Clause C above.

iv. The front façade of the building is to remain the same, and all signage is to be approved by the Lessor.

v. The Lessee agrees that he accept the property in the state provided, and all repairs and renovations performed on
the property are for his cost. Should any statutory renovations, or renovations to better suit the operation of the
business be required, the Lessee will be liable for such renovations. The Lessee further agrees to be responsible
for all subsequent maintenance required to maintain the building in a good condition, any alternation to the
superstructure will require authorisation from the Lessor. This will be included but not limited to building works,
plumbing, electrical and carpentry.

vi. Upon termination of the lease, the Lessee is to repaint the unit with a suitable paint, in a colour of the Lessors
choosing.

vii. Prior to performing any renovation, or repair to the property, the Lessee will provide the Lessor with a list of
materials to be used, together with the details of application, and the contractors’ details. The Lessor reserves
the right to refuse any changes should the changes clash with the aesthetic of the building, or if the materials are
deemed to be inferior, or the contractor is not suitable for the task.

viii. The Lessee acknowledges, and accepts that the property is currently zoned residential, and that the Lessor makes
no warrantees regarding the suitability of the property for the use the Lessee intends to use it for per clause M,
above.

ix. The Lessee is provided with air conditioner which remain the property of the Lessor, the Lessee will maintain
these units and service them on an annual basis.
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 x. Due to the Lessees business, the Lessee agrees to have adequate fire suppression measures in place. Should the
insurers deem the Lessee occupation a greater risk, requiring an increase in premiums, the Lessee shall be liable
for the increase

O. THE LESSOR AND THE LESSEE ENTER INTO AN AGREEMENT OF LEASE IN RESPECT OF THE LEASED PREMISES ON THE
TERMS AND CONDITIONS SET OUT IN THIS SCHEDULE AND LEASE MARKED ANNEXURE “A”

SIGNED by the LESSEE at PIETERMARITZBURG on this …… day of …………. 20……

WITNESS

1.
LESSEE: RONILA MAHARAJ in her capacity as DIRECTOR
of CANNASPENSARY (PTY) LTD
2.

I/We have been explained in Detail and fully understand the contents of this document

SIGNED by the LESSEE at PIETERMARITZBURG on this …… day of …………. 20……

WITNESS

1.
LESSEE: NAGINDRA MAHARAJ (ID NO.: 820810 5253 083)
and DERASHA MAHARAJ (ID NO.: 880202 0299 088)
2.

I/We have been explained in Detail and fully understand the contents of this document

SIGNED by the LESSOR at PIETERMARITZBURG on this ….. day of ………..…. 20……

WITNESS
1.
LESSOR: CRYSTAL SPARKLE TRADING 91 CC duly
authorised by PREGALATHEN GOVENDER

2.
WellI/We have been explained in Detail and fully understand the contents of this document

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 ANNEXURE “A”
MEMORANDUM OF AGREEMENT OF LEASE
made and entered by and between

PARTIES

THE PARTY REFFERED TO IN CLAUSE A. OF THE LEASE SCHEDULE, who warrants that he is duly authorised hereto
(hereinafter, together with its successors in title or assigns, referred to as the "LESSOR"),

AND

THE PARTY REFFERED TO IN CLAUSE B. OF THE LEASE SCHEDULE, who warrants that he is duly authorised hereto
(hereinafter, together with its successors in title or assigns, referred to as the " LESSEE ").

PREMISES

ADDRESS: as disclosed in Clause C of the lease schedule; and as per attached diagram marked ANNEXURE “B”.

NOW THEREFORE THESE PRESENTS WITNESSETH:

1. INTERPRETATION
1.1. words importing natural persons shall include a reference to bodies corporate and other legal personae and vice versa;

1.2. words importing the masculine shall include a reference to the feminine and other genders;

1.3. words importing the singular shall include a reference to the plural and vice versa;

1.4. annexures to this agreement shall be deemed to have been incorporated herein and shall form an integral part hereof;

1.5. a reference to a party in a document includes that party’s successors and permitted assigns;

1.6. any reference to an enactment is to that enactment as at the date of signature hereof and as amended or re-enacted
from time to time;

1.7. where the day on or by which anything is to be done is not a business day, it shall be done on or by the first business
day thereafter;

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1.8. when any number of days is prescribed in this agreement, same shall be reckoned exclusively of the first and inclusively
of the last day, unless the last day falls on a Saturday, Sunday or Public Holiday, in which case, the last day shall be the
next succeeding day which is not a Saturday, Sunday or Public Holiday;

1.9. a reference to a document includes an amendment or supplement to, or replacement or novation of that document;

1.10. the captions appearing in this agreement are for reference purposes only and shall not affect the interpretation hereof;

1.11. if any provision is a definition (or under this heading “Interpretation” and/or any other heading in this agreement) and
is a substantive provision conferring rights or imposing obligations on any party, notwithstanding that it is only in the
definition (or such other clause) effect shall be given to it as if it were a substantive provision in the body of the
agreement;

1.12. where figures are referred to in numerals and words, if there is any conflict between the two, the words shall prevail;

1.13. each term or condition of this agreement is severable and in the event of any one or more of the terms or conditions
being found to be unenforceable, then the remaining terms and conditions shall remain valid and enforceable.

2. OCCUPATION
That the Lessor hereby lets the Premises to the Lessee who takes the same on hire from the Lessor upon the following
terms and conditions:

Should the Lessor be unable to give the Lessee possession of the premises on the date stipulated in Clause D of the
Lease schedule, for any reason whatsoever, the Lessee shall have no claim for damages or other right of action against
the Lessor but the date of commencement of this lease shall be altered to the date upon which the Lessor is able to
give occupation of the premises, and the date of termination of this lease shall be adjusted correspondingly. Once
occupation has been taken, the rental may not be withheld for any reason whatsoever.

3. EXTENT OF PREMISES
The Lessee accepts the estimated extent of the premises reflected under the description of the premises or as per
annexed plan (ANNEXURE B). The Lessor shall not be liable to the Lessee in any way whatsoever if the extent of the
premises is, on precise measurement, found to differ from that estimation which is stated in the description of the
premises referred to herein.

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4. PERIOD
The period of this Lease shall, notwithstanding the date of signature hereof, is set as per Clause D of the Lease schedule
unless sooner terminated as hereinafter provided. At least Three (3) calendar months written notice shall be given by
the Lessee to the Lessor should renewal not be required, prior to the Lessee vacating the premises. Should the Lessee
fail to give due notice, a penalty of one (1) months rent will be payable by the Lessee to the Lessor.

5. RENTAL
The monthly rental to be paid by the Lessee to the Lessor in respect of the premises shall be as disclosed in Clause E of
the Lease schedule, which shall be payable in advance to the Lessor, or such other person or at such other address as
the Lessor or its agents may from time to time appoint in writing, all such payments to be made without demand, free
of bank exchange and free and clear of any deductions whatsoever, commencing on the date of commencement of
this Lease. Such payments shall be received by the Lessor before the 1ST day of each and every month. Any payments
received after the 1ST day of each and every month shall be charged at an interest of two percent (2%) above the
Lessor’s Banks Prime Lending Rate. The LESSEE is aware that all cash deposits made in respect of any amounts due from
this agreement will attract a cash deposit fee.

6. ESCALATION
After the expiry of the first twelve months of this lease, and thereafter upon the expiry of each succeeding period of
twelve months, excluding the renewal period, if any, the rental shall be increased as disclosed in Clause F of the Lease
schedule, such increase to be calculated on the rental payable for the month immediately preceding the date upon
which the increase becomes due and payable.

7. DEPOSIT
The Lessor shall as at the commencement of the Lease be paid by the Lessee a deposit amount as disclosed in Clause
G of the Lease schedule, interest free, which deposit shall serve as a guarantee for the due fulfilment and compliance
by the Lessee of the terms and conditions hereof including payment of rental and other monies due hereunder. The
deposit shall be retained by the Lessor until the expiration of this Lease, whereupon the Lessor shall be entitled to
deduct therefrom any claims or damages suffered by the Lessor whether liquidated or unliquidated and the balance of
such deposit, if any, shall then be refunded to the Lessee.

Should the Deposit be paid into the Agent’s Trust Account, then no interest is payable to the LESSEE, unless the LESSEE
completes an investment mandate, and the Agent then transfers the funds into an investment account, as long as the
LESSEE is FICA Compliant at the time of entering into the agreement. The bank and admin charges for this account will
be for the LESSEE and shall be deducted upon termination of the lease agreement, the repayment of the deposit will
be in accordance with Clause 57 – REPAYMENT OF DEPOSIT, hereto.

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8. VALUE ADDED TAX (VAT)
If the LESSOR is not registered for VAT, and is later required to register for VAT, then the rental disclosed in Clause E of
the Lease Schedule, shall be the amount excluding VAT.

Should the LESSOR be registered for VAT, then the LESSEE shall have to pay VAT as per the rate determined by the
South African Revenue Services from time to time.

9. OPTION PERIOD
The option needs to be exercised as per Clause H of the Lease Schedule, the option needs to be provided to the LESSOR
in writing at the stipulated date. The LESSOR shall at that time provide the LESSOR with either acceptance of the option,
and a new lease shall be entered into, or should the LESSOR decline no new lease will exist. The LESSEE is aware that
the acceptance of the option and the extension of this Lease Agreement is purely on the agreement of the LESSOR who
does not have to provide a reason should he choose to decline the option.

10. PURPOSE OF OCCUPATION

The Lessee shall not be entitled to use the premises for any purpose other than that stated in Clause M of the Lease
Schedule, without first obtaining the written consent of the Lessor.

11. BREACH
In the event of the Lessee:

11.1. failing to pay the rental provided for herein within SEVEN (7) days after same shall have fallen due; or

11.2. breaching any other provision of this lease and failing to remedy the breach within SEVEN (7) days after written notice
requiring the Lessee to do so; the Lessor shall thereupon have the right forthwith to declare this agreement cancelled
and at an end without any further notice thereof to the Lessee being required and the Lessor shall then have the right
immediately to re-enter upon and take possession of the premises and to eject the Lessee or any other person or
persons therefrom. Such cancellation, re-entry or ejectment shall not prejudice any claim which the Lessor may then
or thereafter have against the Lessee for any rent due, or for damages or for any breach of any of the terms and
conditions of this lease, and the Lessor shall not be liable to compensate the Lessee for any damages which the Lessee
may suffer by reason of, or resulting from, such cancellation, re-entry or ejectment.

11.3. In the event of the Lessor breaching any provision of this lease and failing to remedy the breach within SEVEN (7) days
after written notice requiring the Lessee to do so; the Lessee shall have the right to institute legal action against the

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 Lessor in order to obtain relief, should such an order be granted in favour of the Lessee, the Lessor will be liable for all
costs incurred by the Lessee to remedy the breach.

12. DOMICILIUM CITANDI ET EXECUTANDI

12.1. All notices or processes which it may be necessary to give to or serve upon the Lessor in terms of this Lease or otherwise
shall be deemed to be validly served if sent by either Hand Delivery, Facsimile Transmission, E-Mail, or by registered
post addressed to the Lessor at:

PER THE ADDRESS DETAILS AS CHOSEN BY THE LESSOR IN CLAUSE K.

which address the Lessee hereby declares to be its domicilium citandi et executandi.

12.2. All notices or processes which it may be necessary to give to or serve upon the Lessee in terms of this Lease or otherwise
shall be deemed to be validly served if sent by either Hand Delivery, Facsimile Transmission, E-Mail, or by registered
post addressed to the Lessee at:

PER THE ADDRESS DETAILS AS CHOSEN BY THE LESSOR IN CLAUSE L.

which address the Lessor hereby declares to be its domicilium citandi et executandi.

12.3. Any notice given by one party to this Agreement to the other party to the Agreement shall be deemed to have validly
given and served within 7 (Seven) days of the date of posting thereof by pre-paid registered post to the domicilium
citandi et executandi of the addressee of such notice as herein before set out, or on the day of delivery, or if despatch
delivered by hand to such party, or sent by email, or telefacsimile to such parties chosen email or facsimile address per
the parties details provided in the clause above.

13. CHANGE OF DOMICILIUM

Either party shall be entitled to vary their domicilium citandi et executandi as stipulated above provided that they give
to the other party 14 (Fourteen) days written notice of such intended change and provided that such changed
domicilium shall be within the borders of the Republic of South Africa.

14. CANCELATION
Should the Lessor cancel this Lease and the Lessee dispute the Lessor's right to do so and remain in occupation of the
premises pending the determination of such dispute, then the Lessee shall be obliged to continue to pay to the Lessor
all amounts due to the Lessor in terms of this Lease on the due dates thereof, and the Lessor shall be entitled to recover
and accept such payments. Such acceptance by the Lessor shall be without prejudice and shall not in any manner
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 whatsoever affect the Lessor's claim to the cancellation of this Lease. Should any dispute be determined in favour of
the Lessor, then all such payments made to the Lessor shall be regarded as amounts paid by the Lessee on account of
the loss sustained by the Lessor as a result of the holding-over of the premises by the Lessee.

15. INTERIOR OF PREMISES

The Lessee hereby acknowledges that the interior of the premises is in good order and condition and undertakes at its
own expense to keep and maintain the said interior in like order and condition, as well as keep the interior paintwork
in clean and good order to deliver up the premises to the Lessor at the expiration or sooner termination of this Lease
in the same good order and condition, fair wear and tear excepted. Should there be any defects in the premises the
Lessee shall advise the Lessor thereof within FOURTEEN (14) days of the date of commencement of this Lease, and if
no such notice is given by the Lessee then the Lessee shall be deemed to have accepted the premises as being without
any defect and shall not be entitled to hold the Lessor liable for any defect in the premises.

16. INCOMING INSPECTION

16.1. The LESSOR or his AGENT, and the LESSEE shall jointly inspect the Premises before the date of occupation. Should the
LESSEE fail to attend the incoming inspection on the date and at the time arranged, the Premises shall be deemed to
be free of defects.

16.2. Any defect or damage noted to the Premises at the incoming joint inspection shall be recorded in writing in an
inspection list which shall be signed and dated by the LESSEE and the LESSOR and attached to the Agreement of Lease
marked Annexure “C”.

16.3. The property is let and rented in the condition in which it is at the Commencement Date without any warranty or
knowledge of latent or patent defects, but subject to the LESSEE’s maintenance obligations in terms of the conditions
laid out herein.

16.4. The LESSEE agrees to conduct the incoming inspection simultaneously with the outgoing inspection of the party
vacating the property, if requested to do so by the LESSOR.

17. WITHHOLD RENTAL

The Lessee shall not be entitled to withhold or delay payments of any monies due by the Lessee to the Lessor in terms
of this Lease by reason of the premises being in a defective condition or in a state of disrepair.

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18. NON-PAYMENT OF RENT
In the event of the Lessor instructing an attorney to collect any overdue amounts owing by the Lessee in terms thereof,
or taking any legal proceedings for the recovery of any such amounts and/or for the enforcement of the Lessor's rights
in terms hereof, the Lessee shall be liable and obliged to pay all legal cost incurred by the Lessor as between attorney
and client, including the collection commission of levied by the attorney.

19. INSURANCE
The Lessor shall also keep all the buildings on the premises suitably insured for full re-instatement value with the
insurance company nominated by the Lessor, the terms of the insurance being approved by the Lessor in whose name
the policies shall be taken out.

It is a special condition of this Lease that the Lessee shall insure its stock-in-trade, fixtures and fittings and all its other
equipment in the premises against fire, storm, tempest, civil riot, earthquake or any other loss at his own cost.

The Lessee shall not keep or do, or permit to be kept or done, anything on the premises which may render void or
voidable or adversely affect any insurance policy held by the Lessor in respect of the premises, and in the event of the
rates of any such insurance being increased by reason of any act or omission of the Lessee then the Lessee shall be
liable for and shall pay such increase.

20. ALTERATIONS TO PREMISES

The Lessee shall not have the right at any time during the currency of this Lease to make, and shall not permit to be
made, any structural, electrical or other alterations, additions, or improvements to the interior or the exterior of the
premises without first obtaining the written consent of the Lessor thereto, and in any event such alterations, additions
or improvements shall become the property of the Lessor upon the termination of this Lease without any compensation
whatsoever being made or paid therefore to the Lessee.

However the Lessor will allow alterations to the premises in order to allow the Lessee to operate his business. These
alterations will be documented, and upon approval of the Lessor shall be carried out, at the Lessee’s expense. Such
alterations shall remain the sole property of the Lessee, and at the expiration of the lease and any subsequent renewal
periods, be removed from the premises. Provided that the removal of such alterations not effect the structural integrity
of the buildings, and that the building is returned to the Lessor in its original state, fair wear and tear accepted.

21. STATUTORY ALTERATIONS

Notwithstanding the provisions of Clause 21 – “ALTERATIONS TO PREMISES” hereof, the Lessee shall be obliged at its
own expense to make any alterations or additions to the premises or to the fixtures or installations therein which may

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 be required by any law, ordinance, by-law, regulation, or licensing or health or other competent authority in connection
with or appertaining to the conduct of the Lessee's business, and the Lessor shall be obliged to consent thereto.

22. INTERNAL ALTERATIONS

The Lessee shall at its own expense be at liberty to erect in the interior of the premises all such internal fixtures or
fittings and electrical installations / alterations as may be requisite or necessary for the conduct of its business, provided
that such fixtures and fittings are of a high standard and of good quality. Such fixtures and fittings may be removed by
the Lessee at the expiration of this Lease, provided that such removal Shall not cause any damage whatsoever to the
walls, roof, floor, or any other portion of the premises, and provided further that any such damage so caused shall be
repaired and made good by the Lessee before delivering up the premises to the Lessor.

The Lessee shall provide the Lessor with a Compliance Certificate from a certified electrical contractor for any electrical
installations or alterations done on occupation or vacating of the premises.

23. APPENDAGES
The Lessee shall not be entitled to place or erect any appendages, screens or sun blinds or like fixtures on the exterior
or the interior of the windows of the premises hereby leased unless these are approved in writing by the Lessor.

24. LESSOR APPROVE BUILDER AND MATERIALS

The Lessor shall have the right to approve any work to be carried out referred to in the clauses above, prior to the
commencement of such works, but shall not unreasonably withhold such consent. However, the Lessee shall not
introduce, or permit to be brought onto the premises, any timber or other material which is infested by termites or
other wood boring insects and should such material found to be so infested, the Lessor shall have the right to require
the Lessee to remove or replace the same or to have the infestation treated and rendered free and also to make good
any other infested timbers etc., which form part of the leased premises.

25. DAMAGE TO PREMISES BY LESSEE

In the event of any damage having been caused to the premises by the Lessee or its servants, employees or customers,
or in the event of there being necessary any maintenance or decorating or repair for which the Lessee is responsible in
terms of this Lease, the Lessor shall be entitled to call upon the Lessee to effect such repairs, decorating or maintenance
forthwith, and in default of the Lessee doing so within a reasonable time after the receipt of such notice by the Lessee
such repairs, decorating or maintenance may be carried out by the Lessor at the cost and expense of the Lessee and
any and all such amounts so expended by the Lessor shall be recoverable by the Lessor from the Lessee.

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26. ELECTRICITY
The Lessee shall be liable for and shall pay all the charges for electricity consumed in or upon the premises or in
connection with the Lessee's business conducted therein, including any meter rental and also all other charges relating
thereto. It is the Lessees responsibility to arrange with the local authority for the electrical supply to be connected and
the Lessee shall pay any deposit or charges relating thereto. The Lessee shall also be responsible for selecting the size
of the MCB required. Should additional power be required by the Lessee over and above the existing available - the
cost thereof will be for the account of the Lessee.

The Lessee shall also consent to sign any documentation required by the Local authority or private services contractor
relating to the billing of utility services and payment thereto.

27. WATER AND SEWERAGE

The Lessee shall pay the account for water and related charges consumed in or upon the premises or in connection
with the Lessee's business conducted therein provided that a separate meter has been, or is installed for the premises,
or calculated in proportion to the area occupied and divided accordingly should a meter not previously have been
installed.

Should the Lessee's water consumption and/or sanitary and other local authority charges (other than municipal rates
and taxes) and/or quantity and type of refuse consistently be, in the Lessor's opinion, abnormal and/or excessive, the
Lessee shall pay an amount determined by the Lessor in respect of such charges.

28. REFUSE REMOVAL

The Lessee shall pay refuse removal charges in or upon the premises or in connection with the Lessee’s business
conducted therein. In the case of multiple tenants the Lessee shall pay for such charges on a pro rata basis in the same
proportion that the area of the premises bears to the total lettable building area on the property.

Should the Lessee's water consumption and/or sanitary and other local authority charges (other than municipal rates
and taxes) and/or quantity and type of refuse consistently be, in the Lessor's opinion, abnormal and/or excessive, the
Lessee shall pay an amount determined by the Lessor in respect of such charges.

29. TELEPHONE
It is the responsibility of the Lessee to make timeous application to the relevant authority for the installation of a
telephone and telecommunication connections and in the event that such telephone and telecommunications have
not been installed by the commencement date of the Lease, the Lessee shall not be entitled to withhold rental or delay
payments of monies due to the Lessor.

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30. SECURITY
The Lessor is absolved of all responsibility in respect of security. The onus is upon the Lessee to ensure that the premises
are secure to his satisfaction. The Lessor does not provide any security.

When the LESSEE vacates the leased premises after the termination of the lease, the keys and all duplicates thereof
shall be delivered in good order to the LESSOR, failing which the cost of replacement and/or alteration of the lock and
keys concerned shall be paid for by the LESSEE.

31. CLEANING SERVICES/GARDEN SERVICES

The Lessee shall at its own cost clean the inside of the Premises, as well as the name signs on the outside of the
Premises. The Lessee shall also regularly clean, according to the Lessors’ instructions, all plate glass, louvres (whether
of glass or otherwise), and window frames on the inside, as well as on the outside, of the premises. If the Premises are
provided with food preparation facilities for example, a cooker hood, fat filters, extract ducting and grease traps, these
facilities shall be regularly cleaned by the Lessee at its own cost.

32. PLATE GLASS

The Lessee shall be responsible for the maintenance, repair or replacement of all plate glass in and upon the premises,
and undertakes to insure and keep insured the said plate glass.

33. FIRE EQUIPMENT

33.1. Fire fighting equipment will be installed by the Lessor as per plans approved by the local Fire Department of the Local
Municipality (in accordance with the minimum local authority requirements).

33.2. Any additional equipment requested by the Fire Department (because of the nature of the Lessee's business) must be
installed by the Lessee at the Lessees’ cost.

33.3. All fire equipment shall be maintained by the Lessee at its cost and if required, the Lessee shall for this purpose enter
into a service contract to be confirmed by the Lessee to the Lessor.

34. INSTALLATION OF AIR CONDITIONING BY THE LESSEE

The Lessee shall be entitled to install in the premises at its own cost such air conditioning units as the Lessee may deem
necessary, provided that the Lessee first obtains written consent of the Lessor thereto, and provided further that:

34.1. such air conditioning units shall only be installed in accordance with such conditions as the Lessor may reasonably
impose;
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34.2. all such air conditioning units shall be removed by the Lessee upon the expiration or sooner termination of this Lease;

34.3. any damage caused to the premises by such removal shall be made good by the Lessee at its own cost; and

34.4. such air conditioners shall remain the exclusive property of the Lessee.

35. PARKING
35.1. If applicable as indicated in the Schedule, the LESSOR hereby lets to the LESSEE who hires the parking bays specified in
the schedule at the monthly rental set out in the Schedule.

35.2. The situation of the parking bays allocated to the LESSEE will lie in the discretion of the LESSOR and maybe changed
from time to time.

35.3. All vehicles driven or parked on the premises whether the property of the LESSEE or not shall be driven or parked at
the LESSEE’S sole risk and responsibility and no liability of any nature whatsoever will be attached to the LESSOR or any
of the employees or servants for any loss or damage which may be sustained by or in respect of such vehicles or for
any injury to or death may be occasioned and whether by reason of the negligence of the LESSOR, the agent, their
servants or employees or otherwise, and the LESSEE hereby indemnifies the LESSOR against or all or any such claims
which may be made by any person using the said facilities with the consent of the LESSEE.

35.4. The LESSEE shall at all times keep the parking bays specified in the schedule in a clean and tidy condition and shall use
the same only for the purpose of parking a motor car or motor vehicle therein.

36. LESSEE TO MAINTAIN INTERIOR

The Lessee shall at its own cost keep and maintain:

36.1. all doors, door locks, keys which may be damaged, destroyed or lost, windows, window fasteners and window glass in
good order and working condition and shall replace the same at its cost as and when necessary, as well as maintain the
floors in a good state of repair.

36.2. all electrical installations, including wires, ducting, switches, air conditioners, plugs, fuses, geysers, globes, fluorescent
tubes, starters, ballasts and all other electrical fittings of whatsoever nature within the premises, in good order and
working condition and shall replace the same at its cost as and when necessary. Where the airconditioners have been
installed by the Lessor, a lessee must enter into a service contract and have the units serviced annually by an approved
contractor at the Lessees expense, and the units must be in good working order on termination of the lease.

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36.3. all drainage and sanitary installations, including water pipes, taps, drains, toilets and septic tanks and all other drainage
and sanitary fittings of whatsoever nature within the premises, in good order and working condition and shall replace
the same at its cost as and when necessary, and shall also remove at its cost any blockages or obstructions thereof from
time to time.

37. LESSEE TO KEEP PREMISES TIDY

The Lessee shall keep the premises and also the area surrounding the premises in a clean, sanitary and tidy condition
and shall not permit the accumulation of any objectionable matter, including litter, rubbish, debris, paper, empty
bottles, cartons or boxes, in or about the premises or the area surrounding the premises. The Lessee shall provide all
necessary receptacles for the purpose of complying with the provisions of this clause, and shall comply with any
municipal, statutory or health requirements.

38. TRADING LICENCE/S

The Lessee shall be obliged to commence trading within THIRTY (30) days of the date of commencement of this Lease,
and shall apply at all proper times to the appropriate licensing authority for, and shall use its best endeavours to obtain,
the renewal of the said trade licences necessary for using and keeping open the premises for the purpose of conducting
the business referred to in Clause 10 – PURPOSE OF OCCUPATION, hereof, and so long as the said licences can be
obtained the Lessee shall keep the premises open for business on all permissible business days and during normal
business hours, and shall conduct the said business or cause the same to be conducted continuously and in a lawful
manner and also so as to maintain and extend such business.

The Lessee shall manage and control the said business and shall ensure that nothing shall be done, permitted or omitted
contrary to any statutory provision, ordinance, regulation or bye-law for the time being in force relating to the said
business, or whereby the said licenses may be, or may become, liable to forfeiture or suspension. Should the PREMISES
need to be rezoned due to the nature of the activities to be carried out by the Lessee and such application is refused
this Lease will no longer stand. Also, the Lessee shall not do or omit anything, or permit anything to be done or omitted,
which may cause annoyance or inconvenience to the Lessor and/or the other tenants or occupiers of other premises
in the Lessor's building.

39. LICENCE RENEWAL

The Lessee undertakes to advise the Lessor immediately of any fact or matter coming to the Lessee’s notice of
knowledge which may give rise to the possibility of the renewal of the said licences being refused or their scope being
curtailed in any manner whatsoever.

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40. ERECTION OF SIGNAGE
Subject to the consent of the authorities having jurisdiction and also the prior written consent of the Lessor, the Lessee
shall have the right at its own expense to affix to and/or inscribe on the exterior or interior of the premises advertising
signs, notices and legends, provided that the affixing of such signs, notices and legends shall be carried out in such
manner that no permanent damage to the building is occasioned thereby, and provided further that on the termination
of this lease the Lessee shall remove every such sign, notice or legend at its own expense and make good any damage
to the premises occasioned by the existence and/or the removal thereof.

The Lessee shall maintain all such signs, notices and legends in good appearance and in good and proper working order
at its own cost.

PRIOR to the LESSEE preparing any signage, a proposal shall be submitted in written and diagrammatic form to the
LESSOR for approval.

The costs of preparing the LESSEE'S signage shall be for the account of the LESSEE and shall be removed by the LESSEE
when ceasing trading in the Centre. No signwriters’ imprint shall appear on any face of any sign.

41. LESSOR TO MAINTAIN EXTERIOR

The exterior of the premises, excluding all doors, door locks, windows, window fasteners and window glass, shall be
kept in good order and repair at the expense of the Lessor, save and except in respect of such damage as may be caused
by the Lessee, its servants, employees, agents, customers and sub-tenants, but the Lessor shall not be responsible for
any damage suffered by the Lessee by reason of any failure on part of the Lessor to repair the said exterior.

42. INSPECTION OF PREMISES BY THE LESSOR

The Lessee shall permit the Lessor and/or its duly authorised agents or workmen, with all necessary appliances, to enter
upon the premises at all reasonable times for the purpose of either inspecting the same or of doing such work and
things as may be required by way of repairs to the premises or any part thereof. Such inspection or work to take place
upon 48 hours notice to the Lessee. Such notice being dispensed with in the event of an emergency.

43. LESSOR - WORK ON PREMISES

The Lessor shall be entitled at any time for the purpose of repairing, maintaining, improving, altering or adding to the
buildings on the said property to:

43.1. Erect any building equipment required for the carrying out of such work;

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43.2. To erect at, near or in front of the premises such other equipment or devices as may be required by law, or which the
Lessors’ architect may consider reasonably necessary, for the protection of any person or property against injury arising
out of such work;

43.3. Such right of access to the premises as is reasonably necessary for the purpose of carrying out such work provided that
the Lessor shall not unreasonably or unnecessarily interfere with the carrying on of the Lessee's business in the
premises or the Lessee's access thereto during the execution of such work, and shall site the said building and other
equipment so as to interfere as little as possible with the conduct of the Lessee's business in the premises and also so
as to obstruct the Lessee's access thereto and the windows thereof as little as possible, and provided further that the
Lessor shall carry out such work as quickly as possible having regard to all the circumstances.

44. PREMISES DESTROYED

Should the premises by destroyed by fire or by any other cause, or be so badly damaged as to render them unfit for
the purpose for which they are let and the insurance company, elects to pay the full replacement value of the premises
to the Landlord in cash and does not require the premises to be rebuilt, then either party may give notice of cancellation
within thirty (30) days of destruction so to cancel. However, should the insurance company stipulate that the premises
be reinstated then the lease shall not terminate and neither party shall have the right to cancel.

Should the premises be damaged by fire or by any other cause so as to render them partially unfit for the purpose for
which they are let, then this Lease shall not on that account be terminated, but the Lessee shall be entitled to claim a
rebate of rental in respect of the period during which it may be deprived of the use and occupation of the damaged
portion of the premises and the Lessor shall be obliged to rebuild the premises within a reasonable time, due regard
being had to the exigencies of the time, reserving however the right to change or vary the form and construction of the
building, but according to the Lessee the same accommodation as regards position and space in such altered or varied
building, provided always that the amount to be expended by the Lessor thereon shall not exceed the amount
recovered by it under the insurance of the premises.

In any event the Lessor shall not be liable to the Lessee for any loss or damage which the Lessee may have sustained
by reason of the Lessee having been deprived of total or partial occupation of the premises.

45. NUISANCE
The LESSEE will not do anything in or on the Premises to annoy or create a nuisance, or cause damage or disturbance
to the neighbours or their property.

46. SUB-LETTING
The Lessee shall not:
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46.1. cede, assign, mortgage, pledge, or in any other manner deal with any of his rights or obligations under this lease;

46.2. sub-let the premises or any portion thereof without the Lessor’s written consent, which shall not be unreasonably
withheld or;

46.3. place any one else, where as licensee, agent, occupier, custodian or otherwise, in occupation of the premises or any
part thereof on any terms whatsoever of for any reason whatsoever, without the Lessor’s prior written consent.

47. PARTNERSHIP
If the Lessee is a partnership then the partners do hereby accept joint and several liability under and in terms of this
Lease, each partner being liable to the Lessor both collectively and individually for the due fulfilment of the Lessee's
obligations and liabilities whether contractual or otherwise arising out of this Lease.

48. LEGAL ENTITY

In the event of the LEESEES entering into this agreement as a trustee for a trust, a close corporation or any other legal
entity to be formed, then they shall be personally bound and liable as the LESSEES in terms hereof if such trust, close
corporation or other legal entity is not formed within 60 (SIXTY) days of signature hereof. In the event of the trust, close
corporation or legal entity being formed and duly adopting the and ratifying this agreement in accordance with the
aforegoing, the LESSES by their signature shall be deemed to bind themselves, and hereby binds himself to the lessor.
As surety and co-principal debtor in solidium with such trust, close corporation or other legal entity for the due
performance by it as the LESSEES of all the terms and provisions of this AGREEMENT.

49. ALTERATION IN SHARE HOLDING / SALE OF LESSEES BUSINESS

If the Lessee is a duly registered company or close corporation, a change of 49% or more of the shareholding in the
Lessee’s Company/Close Corporation shall constitute an assignment in terms of this clause and shall therefore be
subject to the prior written consent of the Lessor.

Should the Lessee wish to sell his business, the Lessee shall notify the Lessor of his intention to sell in writing, 30 (Thirty)
days prior to any sale being concluded.

Should the prospective purchaser wish to continue occupying and trading from the Premises, then the Lessor or his
agents shall have the right to evaluate the prospective purchaser. This evaluation of the prospective purchaser is for
the purpose of ensuring that the rental commitment as set out in this lease agreement can continue being fulfilled, and
to ensure the prospective purchaser has adequate securities to cover any costs arising from this lease agreement. The
Lessee and his prospective purchaser agree to provide all documentation to the Lessor or his Agents that may be
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 required to perform such an evaluation. Should the Lessor agree to the sale of the business to the prospective
purchaser, an addendum to this lease shall be drawn between the prospective purchaser and the Lessor.

In the event the purchaser does not wish to continue occupying / trading from the premises the Lessee shall be liable
for the balance of the lease contract entered into; and the lease shall remain in full force and effect.

50. INDEMNITY LESSEE

The Lessee shall and does hereby indemnify and hold harmless the Lessor against all or any claims by any person,
persons, or body whomsoever or whatsoever for any damages, real or alleged, which may be sustained by any such
person, persons, or body by reason of any danger whatsoever upon, or forming a part of, the premises or from or
arising out of any nuisance, matter or thing at any time existing or alleged to exist on or in the premises.

51. DAMAGES CLAIM

The Lessee shall not have any claim of any nature whatsoever whether for damages or otherwise against the Lessor:

51.1. By reason of the premises or any part thereof being in defective condition or in a state of disrepair or by reason of any
particular repair not being carried out by the Lessor timeously or at all;

51.2. For any damage or loss caused to or sustained by the Lessee, or to any of its assets, including stock-in-trade, furniture,
fixtures and fittings in the premises, as a result of vis major or casus fortuitus or as a result of any other cause
whatsoever; or

51.3. For any loss or damage sustained by the Lessee by reason of any act, omission or neglect whatsoever on the part of the
Lessor, its agents, servants or contractors.

52. FOR SALE / TO LET NOTICE

The Lessor shall have the right at any time of affixing and exhibiting on the premises a "For Sale" notice, and for a period
of THREE (3) months prior to the termination of this Lease a "To Let" notice, and the Lessee shall permit prospective
buyers or tenants to view the premises during reasonable hours at any time during such periods that such notices are
displayed.

Also, the Lessor shall be entitled on behalf of any new tenant of the premises to exhibit within the said period of THREE
(3) months any notices required to be exhibited in connection with any application for licences to carry on any business
in the premises.

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53. OUTGOING INSPECTION
53.1. The LESSOR (and/or his Agent) and the LESSEE shall on the termination of this Agreement of Lease for whatever reason
jointly inspect the Premises for any damages on the last day of the lease.

53.2. The LESSEE shall ensure that the Premises shall be vacant at the time of such inspection.

53.3. The LESSOR may apply any of the deposit towards the payment of the costs of repair of any damage, including the
replacement cost of any keys to the Premises.

53.4. The LESSEE agrees to the new lessee of the Premises being present at such outgoing inspection with the LESSOR.

54. REPAIRS AND RENOVATIONS ON TERMINATION

If, on termination of the lease, repairs or renovations are necessary to the premises by virtue of a failure of the LESSEE
to carry out the obligations imposed upon the LESSEE in terms of this lease, the LESSOR shall be entitled to carry out
such repairs or renovations as are necessary and to recover the costs from the LESSEE.

55. LOSS OF RENTAL

The Lessee shall also be responsible for damages for loss of rental during the period the repairs and renovations are
being carried out at not less than the rental payable immediately prior to termination of the lease and reckoned until
the end of the month in which the work is completed.

56. REPAYMENT OF DEPOSIT

56.1. Should no amounts of money be owing by the LESSEE to the LESSOR either for monies owing or unpaid in terms of this
Agreement of Lease, or for the costs of repair in terms of Clause 55 – REPAIRS AND RENOVATIONS ON TERMINATION,
above, then the LESSOR shall pay the full amount of the deposit to the LESSEE within seven (7) days after the
termination of this agreement.

56.2. Should the LESSOR deduct the reasonable cost of repairing damage to the property or any monies owing by the LESSEE
from the deposit, the LESSOR shall pay the balance of the deposit (if any) and the interest thereon to the LESSEE no
later than fourteen (14) days after the repair of the property. The receipts for the costs of repairs/replacements shall
be made available to the LESSEE for inspection, as proof of the costs incurred by the LESSOR.

56.3. Should the LESSEE not attend the outgoing inspection the LESSOR shall, on termination of the lease agreement inspect
the property within seven (7) days from the Termination Date in order to assess any damages or loss, which happened
during the lease period. The LESSOR may deduct from the LESSEE’s deposit the reasonable cost of repairing damage (if

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 any) to the Premises and the cost of replacing lost keys and or electronic devices. The balance of the deposit shall be
refunded to the LESSEE by the LESSOR no later than twenty one (21) days after the Termination Date.

56.4. The LESSOR shall make all receipts/invoices for the costs of the repairs in terms of Clause 55 – REPAIRS AND
RENOVATIONS ON TERMINATION, above available to the LESSEE for inspection, as proof of the costs incurred by the
LESSOR.

56.5. The Services Deposit shall only be repaid once the LESSOR confirms in writing that no amounts are outstanding for
services to the property, such letter to be provided a month from the LESSEE providing vacant occupation.

57. LATITUDE INDULGENCE EXTENSION OF TIME

No latitude, indulgence or extension of time which may be allowed or granted by the Lessor to the Lessee in respect of
any payment provided for in this Lease, or in respect of any obligation which the Lessee is bound to perform or observe
in terms hereof, shall under any circumstances or at any time be deemed to be a waiver or novation of the Lessor's
rights, and the Lessor shall at all times be entitled to require strict and punctual compliance by the Lessee with each
and every provision of this Lease.

58. MAGISTRATE'S COURT JURISDICTION

For the purpose of all and any legal proceedings arising out of or relating to this Lease the Lessee hereby consents to
the jurisdiction of the Magistrate's Court for the district of Pietermaritzburg, notwithstanding that such proceedings
are otherwise beyond the jurisdiction of such court, and this clause shall be deemed to constitute the required written
consent conferring jurisdiction upon the said court pursuant to Section 45 of the Magistrate's Court Act of 1944, as
amended.

Notwithstanding the aforegoing the Lessor shall have the right at the Lessor's sole option and discretion to institute
proceedings in any other competent court which might otherwise have jurisdiction.

59. BINDING UPON SIGNATURE

This Agreement shall only become binding on the Lessor as and when it is actually signed by the Lessor, until which
time the Lessee shall have no claim to the existence of a tenancy, either verbal or written, by reason of negotiations
having been conducted or concluded in regard thereto or by reason of the Agreement having been drafted and signed
by the Lessee only.

60. SURETYSHIP
In the event of the LESSEE breaching any of the terms of this agreement, then in such event, the representatives
mentioned in Clause B of the Schedule will become personally liable as surety and co-principal debtor for the LESSEE’S
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 liability and, in the event of an attorney being instructed to collect any amount owing to it, then the costs shall be on
the scale as between attorney and own client including collection charges and VAT. The representative mentioned in
Clause B of the Schedule shall choose either of the above addresses as the domicilium citandi et executandi in respect
of any action instituted herein. The representative renounces the benefits of excussions and division. The
representative in Clause B of the Schedule hereby certifies that they are duly authorised to sign this lease and that the
above information is true and correct in every respect and that the terms and conditions are hereby consented to.

61. AUTHORITY TO SIGN AGREEMENT

The LESEES duly authorised representative and the LESSOR duly authorised representative hereby warrant that all
written consents, permits and/or resolutions required by law in order for this AGREEMENT to be singed and to bring a
lawfully binding contract, have been obtained prior to signature hereof and will be produced when called upon to do
so

62. ENTIRE CONTRACT

The parties hereby acknowledge that this Agreement constitutes the entire contract between them, and the Lessee
hereby acknowledges and agrees that any representation, stipulations warranties, conditions, undertakings or
promises of any nature whatsoever, particularly in regard to the number of parking bays on the properties, which may
have been made by the Lessor or any of the Lessor's agents servants or employees other than those contained in this
Agreement shall not be binding on or enforceable against the Lessor, or constitute any ground for claiming any relief
whatsoever against the Lessor.

The parties record that the content of this document has been explained by the Agents and they fully

understand it.

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SIGNED by the LESSEE at PIETERMARITZBURG on this …… day of …………. 20……
WITNESS

1.
LESSEE: RONILA MAHARAJ in her capacity as DIRECTOR
of CANNASPENSARY (PTY) LTD
2.

I/We have been explained in Detail and fully understand the contents of this document

SIGNED by the LESSEE at PIETERMARITZBURG on this …… day of …………. 20……

WITNESS

1.
LESSEE: NAGINDRA MAHARAJ (ID NO.: 820810 5253 083)
and DERASHA MAHARAJ (ID NO.: 880202 0299 088)
2.

I/We have been explained in Detail and fully understand the contents of this document

SIGNED by the LESSOR at PIETERMARITZBURG on this ….. day of ………..…. 20……

WITNESS
1.
LESSOR: CRYSTAL SPARKLE TRADING 91 CC duly
authorised by PREGALATHEN GOVENDER

2.
WellI/We have been explained in Detail and fully understand the contents of this document

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