Document:

EX-4.2

 Exhibit 4.2 

DOMINION ENERGY, INC. 
 Issuer 

AND 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS 
 Trustee 
  

 
 Fifteenth
Supplemental Indenture 
 Dated as of June 1, 2018 
  

 
 $300,000,000

 2018 Series B 4.25% Senior Notes 

due 2028 

 TABLE OF CONTENTS* 

 

							
	 ARTICLE I 2018 SERIES B 4.25% SENIOR NOTES DUE 2028
	  	 	1	 
			
	 SECTION 101.
	 	 Establishment
	  	 	1	 
	 SECTION 102.
	 	 Definitions
	  	 	2	 
	 SECTION 103.
	 	 Payment of Principal and Interest
	  	 	4	 
	 SECTION 104.
	 	 Denominations
	  	 	5	 
	 SECTION 105.
	 	 Global Securities
	  	 	5	 
	 SECTION 106.
	 	 Redemption
	  	 	6	 
	 SECTION 107.
	 	 Sinking Fund; Conversion
	  	 	6	 
	 SECTION 108.
	 	 Additional Interest on Overdue Amounts
	  	 	7	 
	 SECTION 109.
	 	 Paying Agent
	  	 	7	 
		
	 ARTICLE II MISCELLANEOUS PROVISIONS
	  	 	7	 
			
	 SECTION 201.
	 	 Ratification and Incorporation of Base Indenture
	  	 	7	 
	 SECTION 202.
	 	 Executed in Counterparts
	  	 	7	 
	 SECTION 203.
	 	 Assignment
	  	 	7	 
	 SECTION 204.
	 	 Trustee’s Disclaimer
	  	 	7	 

  

	* 	This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of any of its terms and provisions. 

 THIS FIFTEENTH SUPPLEMENTAL INDENTURE is made as of the 1st day of June, 2018, by and between
DOMINION ENERGY, INC. (formerly Dominion Resources, Inc.), a Virginia corporation, having its principal office at 120 Tredegar Street, Richmond, Virginia 23219 (the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking
corporation, as Trustee, having a corporate trust office at 60 Wall Street, 16th Floor, New York, New York 10005 (herein called the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Company has heretofore entered into an Indenture dated as of June 1, 2015, between the Company and the Trustee (as amended, restated or otherwise modified, the “Base Indenture”) with respect to senior debt securities; 

WHEREAS, the Base Indenture is incorporated herein by this reference and the Base Indenture, as supplemented by this Fifteenth Supplemental
Indenture, and as may be hereafter supplemented or amended from time to time, is herein called the “Indenture”; 
 WHEREAS, under
the Base Indenture, a new series of Securities may at any time be established in accordance with the provisions of the Base Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee;

 WHEREAS, the Company proposes to create under the Indenture a new series of Securities; 

WHEREAS, additional Securities of other series hereafter established, except as may be limited in the Base Indenture as at the time
supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and 

WHEREAS, all conditions necessary to authorize the execution and delivery of this Fifteenth Supplemental Indenture and to make it a valid and
binding obligation of the Company have been done or performed. 
 NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 2018 SERIES B
4.25% SENIOR NOTES DUE 2028 
 SECTION 101.    Establishment. There is hereby established a new series of
Securities to be issued under the Indenture, to be designated as the Company’s 2018 Series B 4.25% Senior Notes due 2028 (the “Series B Senior Notes”). 

There are to be authenticated and delivered $300,000,000 principal amount of Series B Senior Notes, and such principal amount of the Series B
Senior Notes may be increased from time to time pursuant to the penultimate paragraph of Section 301 of the Base Indenture. All Series B Senior Notes need not be issued at the same time and such series may be reopened at any time, without the
consent of any Holder, for issuances of additional Series B Senior Notes. 

 
Any such additional Series B Senior Notes will have the same interest rate, maturity and other terms as those initially issued. Further Series B Senior Notes may also be authenticated and
delivered as provided by Sections 304, 305, 306, 905 or 1107 of the Base Indenture. 
 The Series B Senior Notes shall be issued as
Registered Securities in global form without coupons, in substantially the form set out in Exhibit A hereto. The entire initially issued principal amount of the Series B Senior Notes shall initially be evidenced by one or more certificates
issued to Cede & Co., as nominee for The Depository Trust Company. 
 The form of the Trustee’s Certificate of Authentication
for the Series B Senior Notes shall be in substantially the form set forth in Exhibit A hereto. 
 Each Series B Senior Note shall be
dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 

SECTION 102.    Definitions. The following defined terms used herein shall, unless the context otherwise requires,
have the meanings specified below. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Base Indenture. 

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Business Day” means a day other than (i) a Saturday or a Sunday, (ii) a day on which banks in New York, New York are
authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Series B Senior Notes to be redeemed (assuming for this purpose, that the Series B Senior Notes matured on March 1, 2028) that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term in years and months of the Series B Senior Notes. 

“Comparable Treasury Price” for any Redemption Date means (i) the average of the Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations.

 “Independent Investment Banker” means either of BNP Paribas Securities Corp. and Scotia Capital (USA) Inc. and their respective
successors or affiliates, as selected by the Company, or if any such firm is unwilling or unable to serve as such, an independent investment and banking institution of national standing appointed by the Company. 

 

  
 2 

 “Interest Payment Dates” means June 1 and December 1 of each year, commencing
on December 1, 2018. 
 “Original Issue Date” means June 5, 2018. 

“Outstanding,” when used with respect to the Series B Senior Notes, means, as of the date of determination, all Series B Senior
Notes theretofore authenticated and delivered under the Indenture, except: 
 (i)    Series B Senior Notes theretofore
canceled by the Trustee or delivered to the Trustee for cancellation; 
 (ii)    Series B Senior Notes for whose payment
at the Maturity thereof money in the necessary amount has been theretofore deposited (other than pursuant to Section 402 of the Base Indenture) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated
in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Series B Senior Notes, provided that, if such Series B Senior Notes are to be redeemed, notice of such redemption has been duly given pursuant to this
Indenture or provision therefor satisfactory to the Trustee has been made; 
 (iii)    Series B Senior Notes with
respect to which the Company has effected defeasance or covenant defeasance pursuant to Section 402 of the Base Indenture, except to the extent provided in Section 402 of the Base Indenture; and 

(iv)    Series B Senior Notes that have been paid pursuant to Section 306 of the Base Indenture or in exchange for or
in lieu of which other Series B Senior Notes have been authenticated and delivered pursuant to the Indenture, other than any such Series B Senior Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that
such Series B Senior Notes are held by a bona fide purchaser in whose hands such Series B Senior Notes are valid obligations of the Company; provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding
Series B Senior Notes have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture or are present at a meeting of Holders of Series B Senior Notes for quorum purposes, Series B Senior Notes owned by the
Company or any other obligor upon the Series B Senior Notes or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any
such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Series B Senior Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Series B
Senior Notes so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Series B Senior Notes and
(B) that the pledgee is not the Company or any other obligor upon the Series B Senior Notes or an Affiliate of the Company or such other obligor. 

“Primary Treasury Dealer” means a primary United States government securities dealer in the United States as designated by the
Federal Reserve Bank of New York. 

  
 3 

 “Reference Treasury Dealer” means (i) BNP Paribas Securities Corp. and Scotia
Capital (USA) Inc. and their respective affiliates or successors; provided that, if any such firm or its affiliates or successors, as applicable, ceases to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury Dealer;
and (ii) up to three other Primary Treasury Dealers selected by us. 
 “Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Independent Investment Banker at 3:30 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

“Regular Record Date” means, with respect to each Interest Payment Date, the close of business on the Business Day preceding such
Interest Payment Date; provided that, with respect to Series B Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business Day)
preceding such Interest Payment Date. 
 “Stated Maturity” means June 1, 2028. 

The terms “Company,” “Trustee,” “Base Indenture,” and “Indenture” shall have the respective meanings
set forth in the recitals to this Fifteenth Supplemental Indenture and the paragraph preceding such recitals. 
 SECTION
103.    Payment of Principal and Interest. The principal of the Series B Senior Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Series B Senior Notes shall bear
interest at the rate of 4.25% per annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid
semi-annually in arrears on each Interest Payment Date to the Person in whose name the Series B Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided that interest payable at the Stated Maturity of principal
or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the Holders on such Regular Record Date
and may either be paid to the Person or Persons in whose name the Series B Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with
Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series B Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent
with the requirements of any securities exchange, if any, on which the Series B Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Base Indenture. 

Payments of interest on the Series B Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates.
Interest payments for the Series B Senior Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any date on which
interest is payable on the Series B Senior Notes is not a Business Day, 

  
 4 

 
then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case
with the same force and effect as if made on the date the payment was originally payable. 
 Payment of the principal and interest on the
Series B Senior Notes shall be made at the office of the Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at
the Stated Maturity of any Series B Senior Notes, upon redemption or repurchase being made upon surrender of such Series B Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject
to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such
account at a banking institution in the United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and
interest is payable on the Series B Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of
any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 
 SECTION
104.    Denominations. The Series B Senior Notes may be issued in denominations of $2,000, or any greater integral multiple of $1,000. 

SECTION 105.    Global Securities. The Series B Senior Notes will be initially issued in the form of one or more
Global Securities registered in the name of the Depositary (which shall be The Depository Trust Company) or its nominee. Except under the limited circumstances described below, Series B Senior Notes represented by such Global Securities will not be
exchangeable for, and will not otherwise be issuable as, Series B Senior Notes in definitive form registered in names other than the Depositary or its nominee. The Global Securities described above may not be transferred except by the Depositary to
a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee. 

Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and
no Global Security representing a Series B Senior Note shall be exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee
or except as described below. The rights of Holders of such Global Security shall be exercised only through the Depositary. 
 A Global
Security shall be exchangeable for Series B Senior Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for
such Global Security and no successor Depositary shall have been appointed by the Company within 90 days of receipt by the Company of such notification, or if at any time the Depositary ceases to be a clearing agency registered under the Exchange
Act at a time when the Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the 

  
 5 

 
Company within 90 days after it becomes aware of such cessation, (ii) the Company in its sole discretion, and subject to the procedures of the Depositary, determines that such Global
Security shall be so exchangeable, in which case Series B Senior Notes in definitive form will be printed and delivered to the Depositary, or (iii) an Event of Default has occurred and is continuing with respect to the Series B Senior Notes.
Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series B Senior Notes registered in such names as the Depositary shall direct. 

SECTION 106.    Redemption. The Series B Senior Notes are redeemable, in whole or in part, at any time and from
time to time prior to March 1, 2028, at the option of the Company, at a Redemption Price equal to the greater of: 
 (i)
    100% of the principal amount of Series B Senior Notes then Outstanding to be so redeemed, or 

(ii)    the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including
any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Adjusted Treasury Rate, plus 25 basis points, as calculated by an Independent Investment Banker, 

plus, in either of the above cases, accrued and unpaid interest thereon to the Redemption Date. 

In addition, the Series B Senior Notes are redeemable, in whole or in part at any time and from time to time on or after March 1, 2028,
at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the Series B Senior Notes then outstanding to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. 

The Adjusted Treasury Rate shall be calculated no later than the third Business Day preceding the Redemption Date. 

Unless the Company defaults in the payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the
Series B Senior Notes or portions thereof called for redemption. 
 In the event of the redemption of the Series B Senior Notes in part
only, a new Series B Senior Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon surrender thereof. 

The Company shall notify the Trustee in writing of the Redemption Price promptly after the calculation thereof and the Trustee shall have no
responsibility for such calculation. The notice of redemption shall be sent in accordance with the terms of the Base Indenture. 
 SECTION
107.    Sinking Fund; Conversion. The Series B Senior Notes shall not have a sinking fund. The Series B Senior Notes are not convertible into or exchangeable for Equity Securities and/or any other securities. 

  
 6 

 SECTION 108.    Additional Interest on Overdue Amounts. Any principal
of and installment of interest on the Series B Senior Notes that is overdue shall bear interest at the rate of 4.25% (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are
paid or made available for payment, and such interest shall be payable on demand. 
 SECTION 109.    Paying
Agent. The Trustee shall initially serve as Paying Agent with respect to the Series B Senior Notes, with the Place of Payment initially being the Corporate Trust Office. 

ARTICLE II 

MISCELLANEOUS PROVISIONS 

SECTION 201.    Ratification and Incorporation of Base Indenture. As supplemented hereby, the Base Indenture is in
all respects ratified and confirmed by the Company. The Base Indenture and this Fifteenth Supplemental Indenture shall be read, taken and construed as one and the same instrument. 

SECTION 202.    Executed in Counterparts. This Fifteenth Supplemental Indenture may be executed in several
counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Fifteenth Supplemental Indenture and of signature pages by facsimile or
PDF transmission shall constitute effective execution and delivery of this Fifteenth Supplemental Indenture as to the parties hereto and may be used in lieu of the original, manually executed Fifteenth Supplemental Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

SECTION 203.    Assignment. The Company shall have the right at all times to assign any of its rights or
obligations under the Indenture with respect to the Series B Senior Notes to a direct or indirect wholly-owned subsidiary of the Company; provided that, in the event of any such assignment, the Company shall
remain primarily liable for the performance of all such obligations. The Indenture may also be assigned by the Company in connection with a transaction described in Article Eight of the Base Indenture. 

SECTION 204.    Trustee’s Disclaimer. All of the provisions contained in the Base Indenture in
respect of the rights, powers, privileges, protections, duties and immunities of the Trustee, including without limitation its right to be indemnified, shall be applicable in respect of the Series B Senior Notes and of this Fifteenth Supplemental
Indenture as fully and with like effect as if set forth herein in full. The Trustee accepts the amendments of the Indenture effected by this Fifteenth Supplemental Indenture, but on the terms and conditions set forth in the Indenture, including the
terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the
recitals or statements contained herein, all of which recitals or statements are made solely by the Company, or for or with respect to (i) the validity or sufficiency of this Fifteenth Supplemental Indenture or any of the terms or provision
hereof, (ii) the proper authorization hereof by the Company by action or otherwise, (iii) the due execution hereof by the Company, or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation
with respect to any such matters. 
 [Signature Page Follows] 

  
 7 

 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and
behalf by its duly authorized officer, all as of the day and year first above written. 
  

			
	DOMINION ENERGY, INC.
		
	By:	 	 /s/ James R. Chapman

	Name:	 	James R. Chapman
	Title:	 	Senior Vice President – Mergers & Acquisitions and Treasurer
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	 /s/ Nigel W. Luke

	Name:	 	Nigel W. Luke
	Title:	 	 Vice President 

  
 8 

 EXHIBIT A 

FORM OF 
 2018 SERIES B
4.25% SENIOR NOTE 
 DUE 2028 

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO
THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO.] OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY
AND ANY PAYMENT IS MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, [CEDE & CO.], HAS AN INTEREST HEREIN.]** 

[THIS SERIES B SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. THIS SERIES B SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SERIES B SENIOR NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SERIES B SENIOR NOTE AUTHENTICATED AND DELIVERED UPON REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SERIES B SENIOR
NOTE SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.]** 
  

 
 DOMINION
ENERGY, INC. 
  
  

$                     

2018 SERIES B 4.25% SENIOR NOTE 

DUE 2028 
  

	 No. R-     
	 CUSIP No. 25746UCY3         

Dominion Energy, Inc. (formerly Dominion Resources, Inc.), a corporation duly organized and existing under the laws of Virginia (herein called
the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to [Cede & Co.]**, or registered assigns (the “Holder”), the principal sum
of                      Dollars
($                    ) on June 1, 2028 and to pay interest thereon from June 5, 2018 or from the most recent Interest Payment Date to
which interest has 
  
  

	**	Insert in Global Securities 

 
been paid or duly provided for, semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2018, at the rate of 4.25% per annum, until the principal
hereof is paid or made available for payment, provided that any principal, and any such installment of interest, that is overdue shall bear interest at the rate of 4.25% per annum (to the extent that the payment of such interest shall be legally
enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will,
as provided in such Indenture, be paid to the Person in whose name this Series B Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that the interest
payable at Stated Maturity or on a Redemption Date will be paid to the Person to whom principal is payable. The Regular Record Date shall be the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect
to Series B Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Series B Senior Note (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Series B Senior Notes not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Series B Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture. 
 Payments of interest on the Series B Senior Notes will include interest accrued to but excluding the
respective Interest Payment Dates. Interest payments for the Series B Senior Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. In
the event that any date on which interest is payable on the Series B Senior Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or
payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 

Payment of the principal of and interest on this Series B Senior Note will be made at the office of the Paying Agent, in the Borough of
Manhattan, City and State of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series
B Senior Note, upon redemption or repurchase being made upon surrender of such Series B Senior Note to such office or agency; provided, however, that at the option of the Company payment of interest, subject to such surrender where applicable, may
be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may
be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. 

  
 2 

 Reference is hereby made to the further provisions of this Series B Senior Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the
certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Series B Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	DOMINION ENERGY, INC.

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

 
			
		
	By:	 	  

		 	Authorized Signatory

 
			
		
	Dated:	 	

  
 3 

 [REVERSE OF 2018 SERIES B 4.25% SENIOR NOTE] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture dated as of June 1, 2015 (the “Base Indenture”), between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”), as previously supplemented and as
further supplemented by a Fifteenth Supplemental Indenture dated as of June 1, 2018 (the “Fifteenth Supplemental Indenture” and, together with the Base Indenture, as it may be hereafter supplemented or amended from time to time, the
“Indenture,” which term shall have the meaning assigned to it in such instrument), by and between the Company and the Trustee, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face
hereof (the “Series B Senior Notes”) which is unlimited in aggregate principal amount. 
 The Series B Senior Notes are
redeemable, in whole or in part, at any time and from time to time in the manner and with the effect provided in the Indenture. 
 If an
Event of Default with respect to Series B Senior Notes shall occur and be continuing, the principal of the Series B Senior Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee for the series of Securities affected, with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Series B Senior Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Series B Senior Note and of any Series B Senior Note issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Series B Senior Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Series B Senior
Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of
a continuing Event of Default with respect to the Series B Senior Notes, the Holders of not less than a majority in principal amount of the Series B Senior Notes at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Series B Senior
Notes at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such 

  
 4 

 
proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Series B Senior Note for the
enforcement of any payment of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed or provided for herein. 

No reference herein to the Indenture and no provision of this Series B Senior Note or of the Indenture shall alter or impair the obligation of
the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Series B Senior Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Series B Senior Note is registrable in
the Security Register, upon surrender of this Series B Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of, premium, if any, and interest on this Series B Senior Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Series B
Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Series B Senior Notes are issuable only in registered form without coupons in denominations of $2,000 and any greater integral multiple of
$1,000. As provided in the Indenture and subject to certain limitations therein set forth, Series B Senior Notes are exchangeable for a like aggregate principal amount of Series B Senior Notes having the same Stated Maturity and of like tenor of any
authorized denominations as requested by the Holder upon surrender of the Series B Senior Note or Series B Senior Notes to be exchanged at the office or agency of the Company. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Series B Senior Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Series B Senior Note be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Series B
Senior Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 5 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according
to applicable laws or regulations: 
  

			
	TEN COM -	  	as tenants in common
		
	TEN ENT -	  	as tenants by the entireties
		
	JT TEN -	  	as joint tenants with rights of survivorship and not as tenants in common
		
	UNIF GIFT MIN ACT -	  	                                      
               Custodian for
		  	(Cust)
		
		  	
                          
                          

(Minor)

		
		  	Under Uniform Gifts to Minors Act of
		
		  	
                          
                          

(State)

 Additional abbreviations may also be used though not on the above list. 

                          
                                         
                                         
                     

  
 6 

 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

                       
                                         
                                         
                                         
                                         
                         . 

(please insert Social Security or other identifying number of assignee) 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE 

the within Series B Senior Note and all rights thereunder, hereby irrevocably constituting and appointing 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

                       
                                         
                                         
                                         
                                         
                         . 

agent to transfer said Series B Senior Note on the books of the Company, with full power of substitution in the premises. 

Dated:                         ,
             
  

                       
                                      

NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular without
alteration or enlargement, or any change whatever. 

  
 7Exhibit 4.1(a)

 

 

 

 

TRANSITIONAL SERVICES AGREEMENT

 

 

 

entered into between

 

 

 

GRINDROD LIMITED

 

 

 

and

 

 

 

GRINDROD SHIPPING (SOUTH AFRICA) PROPRIETARY LIMITED

 

 

2

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
 
    
	
Clause number and description
    	
Page
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
1.
    	
PARTIES
    	
4
    
	
 
    	
 
    	
 
    
	
2.
    	
DEFINITIONS
    	
4
    
	
 
    	
 
    	
 
    
	
3.
    	
INTERPRETATION
    	
8
    
	
 
    	
 
    	
 
    
	
4.
    	
INTRODUCTION
    	
10
    
	
 
    	
 
    	
 
    
	
5.
    	
APPOINTMENT
    	
11
    
	
 
    	
 
    	
 
    
	
6.
    	
DURATION
    	
11
    
	
 
    	
 
    	
 
    
	
7.
    	
THE SERVICES
    	
11
    
	
 
    	
 
    	
 
    
	
8.
    	
IT SERVICES
    	
12
    
	
 
    	
 
    	
 
    
	
9.
    	
FEES AND PAYMENT
    	
12
    
	
 
    	
 
    	
 
    
	
10.
    	
LIMITATION   OF LIABILITY
    	
13
    
	
 
    	
 
    	
 
    
	
11.
    	
GSSA   GROUP ASSISTANCE
    	
14
    
	
 
    	
 
    	
 
    
	
12.
    	
NON-SOLICITATION
    	
14
    
	
 
    	
 
    	
 
    
	
13.
    	
BENEFIT   OF CERTAIN PROVISIONS
    	
14
    
	
 
    	
 
    	
 
    
	
14.
    	
FORCE   MAJEURE
    	
14
    
	
 
    	
 
    	
 
    
	
15.
    	
CONFIDENTIALITY
    	
15
    
	
 
    	
 
    	
 
    
	
16.
    	
NATURE OF   THIS AGREEMENT
    	
17
    
	
 
    	
 
    	
 
    
	
17.
    	
RECIPROCAL   WARRANTIES
    	
18
    
	
 
    	
 
    	
 
    
	
18.
    	
BREACH
    	
19
    
	
 
    	
 
    	
 
    
	
19.
    	
NOTICES
    	
19
    
	
 
    	
 
    	
 
    
	
20.
    	
APPLICABLE   LAW
    	
20
    
	
 
    	
 
    	
 
    
	
21.
    	
DISPUTE   RESOLUTION
    	
20
    
	
 
    	
 
    	
 
    
	
22.
    	
JURISDICTION
    	
21
    
	
 
    	
 
    	
 
    
	
23.
    	
CO-OPERATION   AND GOOD FAITH
    	
22
    
	
 
    	
 
    	
 
    
	
24.
    	
CESSION   AND DELEGATION
    	
22
    
	
 
    	
 
    	
 
    
	
25.
    	
WHOLE   AGREEMENT, NO AMENDMENT
    	
22
    
	
 
    	
 
    	
 
    
	
26.
    	
SEVERABILITY
    	
23
    
	
 
    	
 
    	
 
    
	
27.
    	
INDEPENDENT   ADVICE
    	
23
    
	
 
    	
 
    	
 
    
	
28.
    	
GENERAL
    	
23
    
				

 

 

3

 

	
 
    	
 
    	
 
    
	
29.
    	
COSTS AND   TAXES
    	
24
    
	
 
    	
 
    	
 
    
	
30.
    	
SIGNATURE
    	
24
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Annexure A
    	
COMPANY SECRETARIAL SERVICES
    	
26
    
	
 
    	
 
    	
 
    
	
Annexure B
    	
IA SERVICES
    	
27
    
	
 
    	
 
    	
 
    
	
Annexure C
    	
IT SERVICES
    	
28
    
	
 
    	
 
    	
 
    
	
Annexure D
    	
IT PROGRAMME
    	
38
    
	
 
    	
 
    	
 
    
	
Annexure E
    	
FEES
    	
39
    
				

 

 

4

 

1.                                  PARTIES

 

1.1.                          Grindrod Limited (registration number: 1966/009846/06), a company duly incorporated and registered in accordance with the laws of South Africa (“GL”); and

 

1.2.                          Grindrod Shipping (South Africa) Proprietary Limited (registration number: 1975/002219/07), a company duly incorporated and registered in accordance with the laws of South Africa (“GSSA”).

 

2.                                  DEFINITIONS

 

Unless the context indicates otherwise, the following words, terms or expressions shall have the meanings assigned to them hereunder in this Agreement and cognate expressions shall have corresponding meanings:

 

2.1.                          “Affiliate” means with respect to a corporate entity, any person that directly or indirectly Controls, or is Controlled by, or is under common Control with, that corporate entity;

 

2.2.                          “AFSA” means the Arbitration Foundation of Southern Africa;

 

2.3.                          “AFSA Rules” means the AFSA rules relating to expedited arbitrations;

 

2.4.                          “Aggrieved Party” has the meaning given to it in clause 18.1;

 

2.5.                          “Agreement” means this written services agreement and all annexures hereto;

 

2.6.                          “Arbitration Notice” has the meaning given to it in clause 21.1;

 

2.7.                          “Business Day” means a day which is not a Saturday, Sunday or an official public holiday in South Africa;

 

2.8.                          “Commencement Date” means the date that the ordinary shares of GRIN are listed on the NASDAQ (primary listing) and the JSE (secondary listing);

 

2.9.                          “Company Secretarial Services” means the company secretarial services described in more detail in Annexure A;

 

2.10.                   “Confidential Information” means any and all Information of the Disclosing Party disclosed or made available to the Receiving Party, which, for the avoidance of doubt, shall exclude Information which:

 

2.10.1.                                  is in the public domain at the time of disclosure;

 

2.10.2.                                  after disclosure, becomes part of the public domain, otherwise than through a breach of this Agreement by the Receiving Party;

 

 

5

 

2.10.3.                                  the Receiving Party can establish, by objectively verifiable evidence, was in its possession at any time prior to disclosure by the Disclosing Party (for purposes of clarity, whether such disclosure was before or after the Signature Date);

 

2.10.4.                                  is required by the provisions of any law or during any court proceedings or arbitration proceedings to be disclosed, and the Receiving Party has taken all necessary steps to oppose, or prevent the disclosure of and to limit, as far as possible, the extent of such disclosure and has consulted with the Disclosing Party prior to making such disclosure;

 

2.10.5.                                  is approved for release in writing by either Party,

 

the onus being on the Receiving Party to prove that any Information disclosed or made available by the Disclosing Party to the Receiving Party, or obtained by the Receiving Party from the Disclosing Party, falls to be excluded as contemplated in clauses 2.10.1 to 2.10.5;

 

2.11.                   “Control” means, with reference to any company, that a person (alone or in concert with others) directly or indirectly:

 

2.11.1.                                  holds more than 50% (fifty percent) of the equity share capital of such company;

 

2.11.2.                                  holds (or has or controls a right to control the exercise of) a majority of the voting rights in such company;

 

2.11.3.                                  is a member of such company and has or controls the right to appoint or remove the majority of its board of directors; or

 

2.11.4.                                  exercises a dominant influence over such company either by virtue of provisions contained in such company’s founding documents or by virtue of a contract conferring such right,

 

with “Controls” and “Controlled” having corresponding meanings;

 

2.12.                   “Default Interest Rate” means the prime rate of interest per annum publically quoted by The Standard Bank of South Africa Limited (or its successor) from time to time, compounded monthly in arrears.  In the event of a dispute as to the prime rate, it shall be certified by any manager or assistant manager of any branch of The Standard Bank of South Africa Limited (or its successor), whose decision, in the absence of manifest error, shall be final and binding, and whose appointment and authority it shall not be necessary to prove;

 

2.13.                   “Defaulting Party” has the meaning given to it in clause 18.1;

 

2.14.                   “Disclosing Party” means a Party which discloses any Information to the other Party;

 

 

6

 

2.15.                 “Force Majeure Event” means an event:

 

2.15.1.                                  which is beyond the reasonable control of the affected Party and for which it is not responsible; and

 

2.15.2.                                  which the affected Party could not have avoided, by exercising a standard of care and skill which can reasonably be expected of that Party,

 

including but not limited to war (whether declared or not), revolution, invasion, insurrection, riots not instigated by any Party, civil commotion, mob violence, sabotage, blockade, embargo, boycott, the exercise of military or usurped power, acts of God, fire, explosion, theft, earthquake, storm, flood, drought, wind, lighting or other adverse weather condition, epidemic, quarantine, accident, breakdown of machinery or facilities, strike, lockout or labour dispute, acts or restraints of government imposition, or restrictions of or embargoes on imports or exports and power outages, provided that an inability to meet payment because of a lack of funds shall in no circumstances be treated as an force majeure event.  It is recorded and agreed that a Force Majeure Event affecting any entity in the Grindrod Group to which GL subcontracted any of its obligations in terms of this Agreement, shall be regarded as a Force Majeure Event affecting GL;

 

2.16.                   “GRIN” means Grindrod Shipping Holdings Pte. Ltd. (registration number: 201731497H), a private company duly incorporated and registered in accordance with the laws of Singapore, which it is contemplated will be converted into a public company, in accordance with the laws of the Singapore prior to the Commencement Date;

 

2.17.                   “Grindrod Group” means GL and each of the companies in which GL, directly or indirectly, holds shares from time to time;

 

2.18.                   “GRIN Transitional Services Agreement” means the written transitional services agreement, between GL (as service provider) and GRIN, intended to be concluded on or about the Signature Date;

 

2.19.                   “GSSA Group” means GSSA and the GSSA Subsidiaries;

 

2.20.                   “GSSA Subsidiaries” means GSSA’s 2 (two) wholly owned subsidiaries, Comshipco Schiffahrts-agentur GmBH and Unicorn Calulo Shipping Services Proprietary Limited;

 

2.21.                   “IA” means internal audit;

 

2.22.                   “IA Services” means the IA services described in more detail in Annexure B;

 

2.23.                   “Information” means any and all data and information pertaining to this Agreement and/or in relation to the businesses of either Party or their respective Affiliates, whether of a historical, current or future nature irrespective of whether it is stored, recorded or embodied in

 

 

7

 

handwritten, printed, visual, electronic, audible or any other format or medium, and belonging to and created by or for the benefit of either Party or their respective Affiliates, which information shall include but not be limited to trade secrets, know-how, trade connections, inventions, computer programmes, intellectual property rights and applications, technical data and product or process specifications, formulae, strategies, methods of conducting the business of either Party or their respective Affiliates, including but not limited to the development of marketing products, the protection of new products and the marketing thereof, brand plans and new product development, accounting policies and systems, costings, prices and profit margins, the identity of other contracting third parties and the type of contracts concluded with such third parties, and any other information designated by either Party as being confidential;

 

2.24.                   “IT” means information technology;

 

2.25.                   “IT Programme” has the meaning given to it in clause 8.2;

 

2.26.                   “IT Services” means the IT services described in more detail in Annexure C;

 

2.27.                      “JSE” means the securities exchange operated by JSE Limited;

 

2.28.                   “NASDAQ” means the NASDAQ Global Select Market;

 

2.29.                   “Parties” means the parties to this Agreement, and “Party” means any one of them;

 

2.30.                   “Permitted Recipients” means:

 

2.30.1.                                with reference to GL, each of the entities in the Grindrod Group;

 

2.30.2.                                with reference to GSSA, each of the entities in the GSSA Group;

 

2.30.3.                                the directors, employees, professional advisors, financiers and consultants of each Party and of each of the entities referred to in clauses 2.30.1 and 2.30.2;

 

2.31.                   “Receiving Party” means the Party that receives any Information of the other Party;

 

2.32.                   “Services” means collectively the Company Secretarial Services, the IA Services and the IT Services;

 

2.33.                   “Signature Date” means the date of signature of this Agreement by the Party last signing;

 

2.34.                   “Year” means a 12 (twelve) month period running from each 1 January until the following 31 December (both days inclusive).

 

 

8

 

3.                                  INTERPRETATION

 

Unless a contrary intention clearly appears:

 

3.1.                          the headings of the clauses in this Agreement are for the purpose of convenience and reference only and shall not be used in the interpretation of nor modify nor amplify the terms of this Agreement nor any clause hereof;

 

3.2.                          words importing:

 

3.2.1.                                       any one gender include the other two genders;

 

3.2.2.                                       the singular include the plural and vice versa; and

 

3.2.3.                                       natural persons include created entities (corporate or unincorporate) and the state and vice versa;

 

3.3.                          any reference to an enactment is to that enactment as at the Signature Date and as amended or re-enacted from time to time and includes any subordinate legislation made from time to time under such enactment.  Any reference to a particular section in an enactment is to that section as at the Signature Date, and as amended or re-enacted from time to time and/or an equivalent measure in an enactment, provided that if as a result of such amendment or re-enactment, the specific requirements of a section referred to in this Agreement are changed, the relevant provision of this Agreement shall be read also as if it had been amended as necessary, without the necessity for an actual amendment;

 

3.4.                          if any provision in a definition is a substantive provision conferring rights or imposing obligations on any Party, notwithstanding that it is only in clause 2, effect shall be given to it as if it were a substantive provision in the body of this Agreement;

 

3.5.                          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 non-Business Day, in which case the last day shall be the next succeeding Business Day;

 

3.6.                          if the due date for performance of any obligation in terms of this Agreement is a day which is a non-Business Day then (unless otherwise stipulated) the due date for performance of the relevant obligation shall be the immediately preceding Business Day;

 

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

 

3.8.                          expressions defined in this Agreement shall bear the same meanings in schedules or annexures to this Agreement which do not themselves contain their own conflicting definitions;

 

 

9

 

3.9.                          annexures and schedules form part of this Agreement and shall have effect as if set out in full in the body of this Agreement and any reference to this Agreement includes the annexures and schedules;

 

3.10.                   reference to day/s, month/s or year/s shall be construed as Gregorian calendar day/s, month/s or year/s;

 

3.11.                   if any term is defined within the context of any particular clause in this Agreement, the term so defined, unless it is clear from the clause in question that the term so defined has limited application to the relevant clause, shall bear the meaning ascribed to it for all purposes in terms of this Agreement, notwithstanding that that term has not been defined in clause 2;

 

3.12.                   the rule of construction that a contract shall be interpreted against the Party responsible for the drafting or preparation of the contract, shall not apply to this Agreement;

 

3.13.                   prior drafts of this Agreement shall not be admissible in any proceedings as evidence of any matter relating to any negotiations preceding the Signature Date;

 

3.14.                   any reference in this Agreement to a Party shall include a reference to that Party’s assigns expressly permitted under this Agreement;

 

3.15.                   the words “include”, “including” and “in particular” shall be construed as being by way of example or emphasis only and shall not be construed as, nor shall they take effect as, limiting the generality of any preceding word/s;

 

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

 

3.17.                   the words “other” and “otherwise” shall not be construed eiusdem generis with any preceding words if a wider construction is possible;

 

3.18.                   terms other than those defined within this Agreement shall be given their plain English meaning, and those terms, acronyms, and phrases known in general commercial or industry specific practice, shall be interpreted in accordance with their generally accepted meanings;

 

3.19.                   defined terms appearing in this Agreement in title case shall be given their meaning as defined, while the same terms appearing in lower case shall be interpreted in accordance with their plain English meaning;

 

3.20.                   no provision of this Agreement shall (unless otherwise stipulated) constitute a stipulation for the benefit of any person who is not a Party;

 

 

10

 

3.21.                   the words “clause” or “clauses” and “annexure” or “annexures” refer to clauses of and annexures to this Agreement;

 

3.22.                   a reference to any legal principle, doctrine or process under South African law includes a reference to the equivalent or analogous principle, doctrine or process in any other jurisdiction in which the provisions of this Agreement may apply or to the laws of which a Party may be or become subject; and

 

3.23.                   any reference in this Agreement to:

 

3.23.1.                                “business hours” shall be construed as being the hours between 08h00 and 16h30 on any Business Day.  Any reference to time shall be based upon South African or Singaporean time, as applicable;

 

3.23.2.                                “days” shall be construed as calendar days unless qualified by the word “Business”;

 

3.23.3.                                “laws” means all constitutions, statutes, regulations, by-laws, codes, ordinances, decrees, rules, judicial, arbitral, administrative, ministerial, departmental or regulatory judgments, orders, decisions, rulings, or awards, policies, voluntary restraints, guidelines, directives, compliance notices, abatement notices, agreements with, requirements of, or instructions by any governmental body, and the common law, and “law” has a corresponding meaning; and

 

3.23.4.                                “person” means any natural person, company, close corporation, trust, partnership, joint venture, association, unincorporated association, governmental body, or other entity whether or not having separate legal personality.

 

4.                                  INTRODUCTION

 

4.1.                          It is recorded and agreed that:

 

4.1.1.                                       as at the Signature Date:

 

4.1.1.1.                        GSSA and the GSSA Subsidiaries form part of the Grindrod Group;

 

4.1.1.2.                        certain services are provided by other entities in the Grindrod Group, for the benefit of GSSA and the GSSA Subsidiaries;

 

4.1.2.                                       with reference to the series of transaction known as “Project Dahl”, inter alia:

 

4.1.2.1.                        GL is to sell all of its shares in GSSA to GRIN;

 

4.1.2.2.                        GSSA and the GSSA Subsidiaries will cease to form part of the Grindrod Group; and

 

 

11

 

4.1.2.3.                        in order to facilitate a smooth transition in the above regard, it has been agreed that GL will provide the Services to GSSA, for the benefit of all the companies in the GSSA Group, on a transitional basis and on the terms set out in this Agreement.

 

4.2.                          The Parties conclude this Agreement, to set out the terms on which GL will provide the Services to GSSA, for the benefit of all the companies in the GSSA Group, on a transitional basis.

 

5.                                  APPOINTMENT

 

5.1.                          GSSA hereby appoints GL as an independent contractor to provide the Services to GSSA, for the benefit of all the companies in the GSSA Group, in accordance with the terms of this Agreement, and GL hereby accepts such appointment.

 

5.2.                          GL shall procure that the appropriate entities in the Grindrod Group provide the Services to GSSA, for the benefit of all the companies in the GSSA Group, and to that end, GL is entitled to subcontract any of its obligations in terms of this Agreement to any other entity in the Grindrod Group, without the consent of GSSA, but shall always remain fully responsible for the performance of the subcontractor and the due fulfilment of GL’s obligations under this Agreement .

 

6.                                  DURATION

 

6.1.                          This Agreement shall commence on the Commencement Date and, subject to any early termination in accordance with any other provisions of this Agreement, shall terminate on 31 December 2019.

 

6.2.                          GSSA shall be entitled to:

 

6.2.1.                                       terminate this entire Agreement; or

 

6.2.2.                                       cancel any one of the Services (for the avoidance of doubt it is recorded that in such circumstances this Agreement shall continue in respect of the Services not cancelled),

 

at any time by giving GL 2 (two) months’ written notice, provided that the end of such notice period must coincide with the end of a calendar month.

 

7.                                  THE SERVICES

 

7.1.                          GL shall procure that the Services are provided to GSSA, for the benefit of all the companies in the GSSA Group, in accordance with the terms and conditions of this Agreement and to a reasonable professional standard.

 

 

12

 

7.2.                          Notwithstanding anything to the contrary contained in this Agreement, no entity in the Grindrod Group shall be obliged to comply with a directive of GSSA, any other entity in the GSSA Group or any person acting on their behalf, if such directive would not reasonably be given to and observed by a reasonable independent contractor rendering the Services.

 

8.                                  IT SERVICES

 

8.1.                          It is intended that:

 

8.1.1.                                       the IT Services shall be provided until 30 June 2019; and

 

8.1.2.                                       the Grindrod Group shall assist GSSA to transfer the IT Services to GSSA, or its nominated third party service provider, by that date.

 

8.2.                          The IT Services shall be transferred in accordance with the programme attached hereto as Annexure D (“IT Programme”).  The IT Programme is to be read with the corresponding programme forming Annexure D to the GRIN Transitional Services Agreement in that they represent a consolidated transfer process.

 

8.3.                          The IT Programme sets out which Party is responsible for which action, and by the end of which month the action should be achieved.

 

8.4.                          Any reference in the IT Programme to GRINDROD IT shall be regarded as a reference to GL and any reference to SHIPPING shall be regarded as a reference to GSSA or GRIN, as applicable in the context.

 

9.                                  FEES AND PAYMENT

 

9.1.                          In consideration for the provision of the Services as contemplated in this Agreement, GSSA shall pay fees to GL, in the amounts (along with value-added tax thereon) and, subject to clause 9.2 on the basis set out in, Annexure E.

 

9.2.                          In each case where it is specified in Annexure E that a fee is payable:

 

9.2.1.                                       monthly in arrears, GL shall be entitled to invoice GSSA for such fee (along with value-added tax thereon) at any time following the end of each applicable month; or

 

9.2.2.                                       in arrears following the end of any other specified period, GL shall be entitled to invoice GSSA for such fee (along with value-added tax thereon) at any time following the end of such period,

 

with GSSA being obliged to make payment of each such invoice within 30 (thirty) days of delivery thereof.

 

 

13

 

9.3.                          All payments to be made by GSSA to GL in terms of this Agreement shall be made by means of electronic funds transfer directly into a bank account nominated by GL in writing, without any deduction or set-off.

 

9.4.                          If any payment to be made in terms of this Agreement is not made on the due date thereof then, such overdue amounts will bear interest at the Default Interest Rate, from the due date for payment to the date of actual payment, both dates inclusive.

 

10.                           LIMITATION OF LIABILITY

 

10.1.                   The total liability of GL in respect of claims arising in terms of or in connection with this Agreement (whether arising from negligence, breach of contract or otherwise) shall be limited to an aggregate amount of R12 500 000 (twelve million five hundred thousand Rand).

 

10.2.                   Notwithstanding clause 10.1, GL shall not have any liability whatsoever for claims arising from:

 

10.2.1.                                an act or omission of GSSA, any other company in the GSSA Group or any person acting on their behalf;

 

10.2.2.                                any entity in the Grindrod Group complying with the instructions given by or on behalf of GSSA and/or any entity in the GSSA Group; and/or

 

10.2.3.                                an act or order of any legal authority, save where such act or order arises from or is due to the negligence of or a wrongful act or omission by any entity in the Grindrod Group in relation to the performance of the Services,

 

provided that this clause 10.2 shall not operate to exclude GL’s liability for any contributory negligence.

 

10.3.                   In no event shall:

 

10.3.1.                                GL be liable to GSSA and/or any entity in the GSSA Group for indirect or consequential loss or damage, loss of profits, business, revenue, goodwill or anticipated savings suffered by any of them and arising in terms of this Agreement; and

 

10.3.2.                                GSSA or any entity in the GSSA Group be liable to any entity in the Grindrod Group for indirect or consequential loss or damage, loss of profits, business, revenue, goodwill or anticipated savings suffered by any of them and arising in terms of this Agreement.

 

10.4.                   Notwithstanding anything to the contrary in this Agreement:

 

 

14

 

10.4.1.                                neither GSSA nor any entity in the GSSA Group shall have any claim against any entity in the Grindrod Group, apart from GL, arising in terms of this Agreement; and

 

10.4.2.                                no entity in the GSSA Group, other than GSSA, shall bring any claim against GL, in connection with this Agreement and/or the provision of the Services.

 

10.5.                   GSSA shall ensure that all other companies in the GSSA Group comply and act in accordance with the provisions of this clause 10.

 

11.                           GSSA GROUP ASSISTANCE

 

GSSA shall, and shall procure that all other entities in the GSSA Group shall each, promptly provide all information, documentation and assistance reasonably required by GL or any other entity in the Grindrod Group in order to facilitate the effective provision of the Services as contemplated in this Agreement.

 

12.                           NON-SOLICITATION

 

GSSA shall not, and shall procure that none of the entities in the GSSA Group shall, for the duration of this Agreement and for a period of 24 (twenty four) months thereafter, without GL’s prior written consent and either for itself or as the agent of anyone else, persuade, induce, solicit, encourage or procure any employee of GL and/or of any entity in the Grindrod Group, to leave the employ of GL and/or any entity in the Grindrod Group, as applicable.

 

13.                           BENEFIT OF CERTAIN PROVISIONS

 

The provisions of clauses 10, 11 and 12, as well as all other clauses required and/or desirable to give full effect to clauses 10, 11 and 12, constitute irrevocable stipulatio alteri in favour of each entity in the Grindrod Group, capable of acceptance at any time on written notice to the Parties.

 

14.                           FORCE MAJEURE

 

14.1.                   In the event that any Party is delayed in performing any of its respective obligations in this Agreement due to a Force Majeure Event, the Party so affected shall be relieved of performance of its obligations hereunder during the period that such Force Majeure Event and its consequences continue but only to the extent so prevented and shall not be liable for any delay or failure in the performance of any obligations hereunder or any loss or damages including either general, special or consequential loss or damage which the other Party may suffer due to or resulting from such delay or failure, provided always that written notice shall, within 48 (forty-eight) hours of the occurrence constituting the Force Majeure Event, be given of any such inability to perform by the affected Party and provided further that the obligation

 

 

15

 

to give such notice shall be suspended to the extent necessitated by such Force Majeure Event.

 

14.2.                   In the event that any delay due to the Force Majeure Event occurs or is anticipated, the Party delayed or anticipating delays, shall take all reasonable steps to mitigate the consequences of such Force Majeure Event and shall resume performance of its obligations affected by the Force Majeure Event as soon as practicable.

 

14.3.                   If the circumstances constituting the Force Majeure Event continue for more than 60 (sixty) consecutive days, then either Party shall be entitled to terminate this Agreement on written notice to the other Party, provided that such notice must coincide with the end of a calendar month.

 

15.                           CONFIDENTIALITY

 

15.1.                   All Confidential Information disclosed by a Disclosing Party pursuant to this Agreement, whether before or after the Signature Date, shall be disclosed the sole purpose of enabling the Receiving Party to perform its obligations in terms of this Agreement.

 

15.2.                   The obligations of each Receiving Party with respect to Confidential Information shall subsist for the duration of this Agreement and for a period of 24 (twenty four) months following its termination.  The provisions of this clause 15 are severable from the rest of this Agreement and shall remain in effect despite the termination or invalidity of this Agreement for any reason.

 

15.3.                   Each Disclosing Party shall retain ownership of all Confidential Information disclosed by it, and each Receiving Party acknowledges it shall not acquire any rights in respect of any such Confidential Information.  Nothing contained in this Agreement is intended to grant, expressly or impliedly, any right or licence to any permit, patent, trademark, copyright, trade secret and/or any other item of real or intellectual property which a Disclosing Party may possess.

 

15.4.                   Each Receiving Party:

 

15.4.1.                                shall not use any of the Confidential Information of a Disclosing Party for such Receiving Party’s own purposes or for any purpose other than that for which such Confidential Information was disclosed in terms of this Agreement, unless authorised by such Disclosing Party in writing to do so;

 

15.4.2.                                shall not disclose any of the Confidential Information to any person other than a Permitted Recipient, unless authorised by the Disclosing Party to do so, and provided that such permission shall be valid:

 

15.4.2.1.                   only if given in writing;

 

 

16

 

15.4.2.2.                   for disclosure only to the third party identified in the written authorisation; and

 

15.4.2.3.                   for that specific instance of disclosure only,

 

and this clause 15 shall apply as if such person were a Permitted Recipient;

 

15.4.3.                                  shall take all necessary steps and measures in order to prevent the disclosure of any Confidential Information to unauthorised persons, and to ensure proper and secure storage of Confidential Information;

 

15.4.4.                                  may disclose the Confidential Information of a Disclosing Party in order to comply with any law, provided that the Receiving Party:

 

15.4.4.1.                   limits the disclosure only to that which is necessary to comply with the law;

 

15.4.4.2.                   advises the Disclosing Party in writing as soon as reasonably possible, and before the intended disclosure specifying:

 

15.4.4.2.1.                                  the Confidential Information subject to disclosure;

 

15.4.4.2.2.                                  the reasons for the disclosure;

 

15.4.4.2.3.                                  the requirements under the direction of which the disclosure is or shall be made; and

 

15.4.4.2.4.                                  where applicable, the identity of any third party requiring disclosure; and

 

15.4.4.3.                   shall provide the Disclosing Party with all reasonable co-operation at the cost of the Disclosing Party in any steps taken by the Disclosing Party to limit or prevent the disclosure.

 

15.5.                   Any disclosure by a Permitted Recipient of the Confidential Information contrary to this Agreement shall constitute an unauthorised disclosure by the relevant Receiving Party.

 

15.6.                   Each Receiving Party shall treat all Confidential Information as confidential, and shall handle such Confidential Information with the same degree of care it uses with respect to its own Confidential Information, but in no event with less than a reasonable degree of care.

 

15.7.                   In the event that the Receiving Party becomes aware that the Disclosing Party’s Confidential Information has been disclosed by it or its Permitted Recipients contrary to the terms of this Agreement, the Receiving Party shall forthwith:

 

 

17

 

15.7.1.                                  inform such Disclosing Party in writing specifying what Confidential Information has been disclosed, how and to whom it has or may have been disclosed, when the unauthorised disclosure took place and what steps shall be taken to retrieve the Confidential Information and prevent future unauthorised disclosures;

 

15.7.2.                                  take such steps as are necessary or as such Disclosing Party directs to retrieve the Confidential Information from unauthorised persons and to prevent further unauthorised disclosure of the Confidential Information; and

 

15.7.3.                                  co-operate with such Disclosing Party in taking any steps to retrieve the Confidential Information from unauthorised persons and to prevent further disclosure of the Confidential Information.

 

15.8.                   Clause 15.7 is without prejudice to any rights of each Disclosing Party arising from the unauthorised disclosure of its Confidential Information.

 

15.9.                   Upon the written request of a Disclosing Party, the Receiving Party shall promptly return, destroy or expunge from any storage device all Confidential Information in its possession and confirm such destruction in writing to such Disclosing Party, provided that if required by law, the Receiving Party may retain 1 (one) copy of the Confidential Information for the period so required.

 

15.10.            Where a Disclosing Party has required destruction of the Confidential Information and the media containing the Confidential Information, the Receiving Party shall, on request, confirm in writing that it has destroyed all Confidential Information and made reasonable efforts to expunge the Confidential Information stored electronically from any storage device on which it was held.

 

15.11.            All requests in terms of clauses 15.9 and 15.10, shall be complied with within 5 (five) Business Days.

 

15.12.            Each Receiving Party hereby indemnifies each Disclosing Party against any loss, cost, damages, expense or liability arising from, or in connection with, the disclosure or use of any Confidential Information contrary to this Agreement by such Receiving Party, or Permitted Recipients or third parties to which such Receiving Party has directly or indirectly made disclosure.

 

16.                           NATURE OF THIS AGREEMENT

 

This Agreement constitutes the appointment by GSSA of GL as an independent contractor.  Nothing in this Agreement or in the conduct of the Parties in relation to the performance of any obligations in terms of this Agreement shall be deemed or construed as creating a relationship of employment, principal and agent, partnership or joint venture between them.

 

 

18

 

17.                           RECIPROCAL WARRANTIES

 

17.1.                   The Parties warrant and represent to each other that they have taken or caused to be taken all steps, actions and corporate proceedings necessary to cause this Agreement to be binding on themselves.  Any Party shall, if requested by the other Party, furnish to the latter sufficient evidence of the authority of the person or persons who shall, on behalf of the Party so requested, take any action or execute any documents required or permitted to be taken or executed by such person under this Agreement.

 

17.2.                   Each Party hereby warrants and represents to and in favour of the other Party that:

 

17.2.1.                                it has the legal capacity and has taken all necessary corporate action required to empower and authorise it to enter into this Agreement;

 

17.2.2.                                this Agreement constitutes an agreement valid and binding on it and enforceable against it in accordance with its terms;

 

17.2.3.                                it is fully aware of and acquainted with the provisions of this Agreement and the meaning and effect of all of such provisions; and

 

17.2.4.                                the execution of this Agreement and the performance of its obligations hereunder does not and shall not:

 

17.2.4.1.                 contravene any law or regulation to which that Party is subject;

 

17.2.4.2.                 contravene any provision of that Party’s constitutional documents; or

 

17.2.4.3.                 conflict with, or constitute a breach of any of the provisions of any other agreement, obligation, restriction or undertaking which is binding on it.

 

17.3.                   Each of the representations and warranties given by the Parties in terms of this clause 17, shall:

 

17.3.1.                                be a separate warranty and shall in no way be limited or restricted by inference from the terms of any other warranty or by any other words in this Agreement;

 

17.3.2.                                continue and remain in force notwithstanding the completion of any or all of the transactions contemplated in this Agreement; and

 

17.3.3.                                prima facie be deemed to be material and to be a material representation inducing the other Party to enter into this Agreement.

 

 

19

 

18.                           BREACH

 

18.1.                   If a Party commits any breach of this Agreement (“Defaulting Party”) and fails to remedy such breach within 15 (fifteen) Business Days (“Notice Period”) of written notice requiring the breach to be remedied, then the Party giving the notice (“Aggrieved Party”) shall be entitled, at its option:

 

18.1.1.                                to claim immediate specific performance from the Defaulting Party, with or without claiming damages; or

 

18.1.2.                                to cancel this Agreement, with or without claiming damages, in which case written notice of the cancellation shall be given to the Defaulting Party, and the cancellation shall take effect on the giving of the notice.  No Party shall be entitled to cancel this Agreement unless the breach is a material breach (for purposes of clarity, without any limitation on clause 6.2).  A breach shall be deemed to be a material breach if:

 

18.1.2.1.                   it is capable of being remedied, but is not so remedied within the Notice Period; or

 

18.1.2.2.                   it is incapable of being remedied and if payment in money shall compensate for such breach but such payment is not made within the Notice Period.

 

18.2.                   Each Aggrieved Party’s remedies in terms of this clause 18 are without prejudice to any other remedies to which such Aggrieved Party may be entitled in law.

 

19.                           NOTICES

 

19.1.                   The Parties respectively choose the following addresses, at which all processes and notices arising out of or in connection with this Agreement, its breach or termination may validly be served on or delivered to the Parties:

 

	
19.1.1.
    	
GL:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Physical address:
    	
2nd Floor,   Grindrod Mews, 106 Margaret Mncadi Avenue, Durban, 4001
    
	
 
    	
 
    	
 
    
	
 
    	
E-mail address:
    	
groupsecretarial@grindrod.com
    
	
 
    	
 
    	
 
    
	
 
    	
Attention:
    	
Andrew Waller
    
	
 
    	
 
    	
 
    
	
19.1.2.
    	
GSSA:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Physical address:
    	
8th Floor, Grindrod House, 107 Margaret Mncadi   Avenue, Durban, 4001
    

 

 

20

 

	
 
    	
E-mail address:
    	
jeremy@ivs-int.com
    
	
 
    	
 
    	
 
    
	
 
    	
Attention:
    	
Jeremy Miles
    

 

19.2.                   All processes and notices in terms of this Agreement, shall be delivered by hand or e-mail to the addresses listed in clause 19.1.

 

19.3.                   A Party may change any of its addresses listed in clause 19.1 to any other address.  Such change shall only take effect upon receipt or deemed receipt of such notice by the other Party.

 

19.4.                   Any notice given in terms of this Agreement shall be in writing and shall if:

 

19.4.1.                                delivered by hand during business hours to a person apparently in charge of the premises selected by the addressee for delivery of notices, be deemed to have been duly received by the addressee on the date of delivery; or

 

19.4.2.                                transmitted by e-mail, be deemed to have been received by the addressee on the day following the date of transmission.

 

19.5.                   Notwithstanding anything to the contrary contained or implied in this Agreement, a written notice or communication actually received by a Party, shall be adequate written notice or communication to such Party even if it has not been sent in the manner provided for, or to the addresses listed, in this clause 19.

 

20.                           APPLICABLE LAW

 

Notwithstanding the conflict of law principles which might otherwise have applied, this Agreement shall be governed by and interpreted in accordance with the substantive laws of South Africa.

 

21.                           DISPUTE RESOLUTION

 

21.1.                   If any dispute arises between the Parties in relation to any matter pertaining to, or arising out of this Agreement, its breach or termination, then any Party may give written notice to the other Party referring the dispute to arbitration in accordance with the provisions of this clause 21 (“Arbitration Notice”).

 

21.2.                   The arbitration shall be:

 

21.2.1.                                held at Durban, South Africa;

 

21.2.2.                                conducted in the English language;

 

21.2.3.                                held before a single arbitrator;

 

21.2.4.                                subject to the provisions of this clause 21, conducted in accordance with the AFSA Rules; and

 

 

21

 

21.2.5.                                held as soon as is reasonably practicable in the circumstances and with a view to it being completed within 30 (thirty) Business Days of the date of the Arbitration Notice.

 

21.3.                   The arbitrator shall be a retired judge of the High Court of South Africa or a practicing senior advocate of at least 10 (ten) years standing as such, agreed upon between the Parties, provided that should the Parties fail to agree on an arbitrator within 3 (three) Business Days of the date of the Arbitration Notice, the arbitrator shall, at the written request of any Party, be appointed by the President for the time being of AFSA or its successor.

 

21.4.                   The arbitrator shall determine which Party shall pay the costs of and incidental to the arbitration or, if more than one Party is to contribute, the ratio of their respective contributions, and the scale on which such costs are to be paid.

 

21.5.                   Subject to each Party’s rights of appeal in accordance with the AFSA Rules, the Parties irrevocably agree that the decision of the arbitrator shall be final and binding on them, shall be carried into effect, and shall be capable of being made an order of any court of competent jurisdiction.

 

21.6.                   The provisions of this clause 21:

 

21.6.1.                                constitute irrevocable consent by the Parties to any proceedings in terms of this clause 21 and no Party shall be entitled to withdraw therefrom or claim at any such proceedings that it is not bound by such provisions;

 

21.6.2.                                are severable from the rest of this Agreement and shall remain in effect despite the termination, or invalidity for any reason, of this Agreement; and

 

21.6.3.                                shall not preclude any Party from obtaining interim relief on an urgent basis from any court of competent jurisdiction pending the decision of the arbitrator.

 

22.                           JURISDICTION

 

22.1.                   Subject to clause 21, the Parties agree that any legal action or proceedings arising out of or in connection with this Agreement may be brought in the KwaZulu-Natal High Court, Durban and irrevocably submit to the non-exclusive jurisdiction of such court.

 

22.2.                   The Parties irrevocably waive any objection they may now or hereafter have that such action or proceeding has been brought in an inconvenient forum.

 

 

22

 

23.                           CO-OPERATION AND GOOD FAITH

 

23.1.                   The Parties shall co-operate with each other and do all such things as may be reasonably required of them in order to facilitate the implementation of this Agreement in accordance with its terms and objectives.

 

23.2.                   The Parties shall display good faith in their dealings with each other.

 

24.                           CESSION AND DELEGATION

 

24.1.                   GL shall be entitled to cede any of its rights and/or delegate any of its obligations under this Agreement to any other entity within the Grindrod Group, without the consent of GSSA save that GL shall always remain fully responsible for the performance of the subcontractor and the due fulfilment of GL’s obligations under this Agreement.

 

24.2.                   GSSA shall be entitled to cede any of its rights and/or delegate any of its obligations under this Agreement to any other entity within the GSSA Group, without the consent of GL.

 

24.3.                   Subject to clauses 24.1 and 24.2, no Party shall be entitled to cede any of its rights and/or delegate any of its obligations under this Agreement to any other party without the prior written consent of the other Party.

 

25.                           WHOLE AGREEMENT, NO AMENDMENT

 

25.1.                   This Agreement constitutes the whole agreement between the Parties relating to the subject matter hereof and supersedes any other discussions, agreements and/or understandings regarding the subject matter hereof.

 

25.2.                   No amendment or consensual cancellation of this Agreement or any provision or term hereof or of any agreement or other document issued or executed pursuant to or in terms of this Agreement and no settlement of any disputes arising under this Agreement and no extension of time, waiver or relaxation or suspension of or agreement not to enforce or to suspend or postpone the enforcement of any of the provisions or terms of this Agreement or of any agreement, bill of exchange or other document issued pursuant to or in terms of this Agreement shall be binding unless recorded in a written document signed by the Parties (or in the case of an extension of time, waiver or relaxation or suspension, signed by the Party granting such extension, waiver or relaxation).  Any such extension, waiver or relaxation or suspension which is so given or made shall be strictly construed as relating strictly to the matter in respect whereof it was made or given.

 

25.3.                   No extension of time or waiver or relaxation of any of the provisions or terms of this Agreement or any agreement or other document issued or executed pursuant to or in terms of this Agreement, shall operate as an estoppel against any Party in respect of its rights under this

 

 

23

 

Agreement, nor shall it operate so as to preclude such Party (save as to any extension, waiver or relaxation actually given) thereafter from exercising its rights strictly in accordance with this Agreement.

 

26.                           SEVERABILITY

 

Any provision in this Agreement which is or may become illegal, invalid or unenforceable in any jurisdiction affected by this Agreement shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability and shall be treated pro non scripto and severed from the balance of this Agreement, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

 

27.                           INDEPENDENT ADVICE

 

Each Party acknowledges that it has been free to secure independent legal and/or other advice as to the nature and effect of all of the provisions of this Agreement and that it has either taken such independent legal and/or other advice or dispensed with the necessity of doing so.

 

28.                           GENERAL

 

28.1.                Agreement Binding on Successors in Title

 

This Agreement shall be binding on the administrators, trustees, business rescue practitioners, liquidators and other successors-in-title of the Parties, who shall not be entitled to terminate this Agreement merely by reason of a Party being placed in business rescue or liquidation.  Each Party indemnifies the other against any loss or damage of any nature whatsoever which any other Party may sustain if this Agreement is not binding for any reason on the former’s administrators, trustees, business rescue practitioners, liquidators and/or other successors-in-title.

 

28.2.                Exclusion of Electronic Signature

 

The reference in this Agreement to “writing” shall, notwithstanding anything to the contrary in this Agreement, be read and construed as excluding any form of electronic signature.

 

28.3.                Continuing Effectiveness of Certain Provisions

 

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

 

 

24

29.                           COSTS AND TAXES

 

29.1.                   Each Party shall bear its own costs incidental to the preparation of this Agreement (including prior drafts and consultations).

 

29.2.                      If any Party instructs an attorney to enforce any of its rights in terms of this Agreement, then it shall be entitled to claim and recover the legal costs incurred by it (on an attorney and own client basis) whether or not such costs are incurred in legal proceedings.

 

30.                           SIGNATURE

 

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

 

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

 

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

 

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

 

 

[SIGNATURE PAGE TO FOLLOW]

 

 

25

 

	
For:
    	
GL
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Andrew Geard Waller
    	
 
    
	
 
    	
who warrants that he / she is duly authorised   thereto
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
ANDREW GEARD WALLER
    	
 
    
	
Date:
    	
2018.04.23
    	
 
    
	
Place:
    	
Durban
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature of Witness:
    	
/s/ Gerda Quintal
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Name of Witness:
    	
Gerda Quintal
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
For:
    	
GSSA
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Jeremy Miles
    	
 
    
	
 
    	
who warrants that he / she is duly authorised   thereto
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Jeremy Miles
    	
 
    
	
Date:
    	
23/04/2018
    	
 
    
	
Place:
    	
Durban
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature of Witness:
    	
/s/ Deborah Davel
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Name of Witness:
    	
Deborah Davel
    	
 
    

 

 

26

 

Annexure A                        COMPANY SECRETARIAL SERVICES

 

 

1.                           Such company secretarial services as may be required by GSSA, including but not limited to:

 

1.1.                                   Submission of annual returns to CIPC, change of directorate, company secretary, auditor, registered office, amendment of the MOI, and the like.

 

1.2.                                   Preparation, engagement and finalisation of round robin resolutions of the board for circulation, drafting of extracts, and maintaining minute book and register of resolutions.

 

1.3.                                   Share transactions and maintenance of share register.

 

1.4.                                   General governance and compliance with specifically the Companies Act, 71 of 2008, as amended, and where appropriate, the listings requirements of the stock exchanges on which GRIN, as the holding company of GSSA, may be listed.

 

 

27

 

Annexure B                        IA SERVICES

 

 

	
 

Combined Assurance Framework
    
	
 
    
	
 

Assessment of Risk   Management
    
	
 
    
	
 

2019   IA Assignments: an estimated 12- 15 assignments including the following (in   each case, if required):

 

 

·                  Crewing  - Payroll Controls review (including   time and attendance)

·                  Sustainability Data Review

·                  Travel and Expenditure Review

·                  Cyber Security Review

·                  IT Governance Review

·                  Human Resources Review (Movers, Leaver and Joiners   Review)

·                  Cash to Master Expenditure review

·                  Claim Process (Supplier and Customer)

·                  Planned Maintenance and breakdown review

·                  IT Assets (Hardware/Software) Management review

·                  IT (Innovation/Green IT)

 

 
    

 

 

28

 

28 Annexure C   IT SERVICES provider(s) to confirm implementation approach for client’s   consideration in giving final Service Offering Service Deliverable DDKZN MSC   DDWP Grindrod Comments Managed SCOM Monitoring 1. 24x7x365 proactive   monitoring A R 2. Configure standard set of identified events, thresholds and   alerting criteria. Ensure events and alerts are automatically generated,   displayed on monitoring console and notified to the appropriate personnel   according to the pre-defined business rules A R Inclusion of new alerting   rules 3. Respond to and diagnose the identified SNMP traps, syslog and   threshold breach alerts. A R 4. Follow pre-defined work instructions   including notification and escalation procedures A R 5. Access Management I C   A 6. Management of all administrative account access to the network devices A   R 7. Monthly review and audit of account usage. A R 8. Termination of   inactive accounts in line with the client’s Information Security Management   Policy A R 9. Monthly Inactive Accounts Report A R Health Checks 1. Daily A R   a. Management pack tuning (through feedback from system owners) A R C b.   Agent State Verification A R c. Scheduled Task: Close Rule Alerts Older Than   24 Hours A R d. Verify Daily Health Check Output A R 2. Weekly A R a. Scheduled   Task: Reset Monitor State for Manually Closed / Failed Monitors A R b.   Scheduled Task: Clear Management Server Cache A R c. Review Operations   Manager Alert Grooming (Scoped to Management Servers Only) A R 3. Monthly A R   a. Backup Verification (Unsealed Management Packs; Databases) A R House   Keeping 1. Remediate broken clients A R 2. Remediation of SCOM infrastructure   problems identified A R Capacity Management and Performance Tuning 1. Capture   and analyse operating system capacity data e.g. Average Resource Utilisation   and Peak Resource Utilisation for CPU, RAM, I/O, file systems on monthly   basis A R 2. Analysis of operating system resource utilisation to identify   performance bottlenecks within the operating system instance A R 3. Where   applicable, analyse OS performance data with the physical server performance   data to identify bottleneck issues within the physical infrastructure A R 4.   Identify actions which may improve the interaction between server hardware   and operating system through configuration changes e.g. A R 5. Windows OS -   network adapter settings, TCP / IP parameters, system parameters, paging,   I/O, logical volume configurations, workload balancing A R 6. Translate   utilisation statistical trends and analysis into a Quarterly Capacity and   Performance Analysis and Recommendation Report A R Change Management and   Implementation 1. Coordinate Change Management Process end-to-end for   configuration changes A R Change Management Records System to be included 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance authorization to proceed with the   configuration change A R 6. Implement configuration changes using Change   Implementation Plan on behalf of clients following the Change Management   Process 7. Perform Post Implementation Test upon configuration changes A R 8.   Notify the client of the completion of the Change Implementation A R 9. Activate   Back-Out Plan in the event of unsuccessful configuration changes A R 10. Log,   track and report configuration changes made A R 11. Change Request is capped   at 1 per server per quarter, unless additional changes are purchased A R   Patch Management 1. Identify the required SCOM service packs/ patches,   security fixes and updates A R 2. Create Patch Management Plan for review and   agreement with the client A R 3. Test patches on client environments – where   no test environments are available, review of patching procedures with   vendors A R 4. Deploy patches following Change Management A R 5. Verify   system functionality upon patches deployment and observe for 2 weeks. A R   Reporting 1. Monthly, Automated Availability Report A R Reporting   Requirements to be defined as part of transition 2. Monthly, Automated   Capacity Utilisation Report A R 3. Quarterly, Capacity and Performance   Analysis and Recommendation Report A R 

    

 

 

29

 

29 provider(s)   to confirm implementation approach for client’s consideration in giving final   user session, web page responsiveness, audio and video playback, flash   animations, Managed VMWare Monitoring 1. 24x7x365 proactive monitoring A R 2.   Configure standard set of identified events, thresholds and alerting   criteria. Ensure events and alerts are automatically generated, displayed on   monitoring console and notified to the appropriate personnel according to the   pre-defined business rules A R 3. Respond to and diagnose the identified SNMP   traps, syslog and threshold breach alerts. A R 4. Follow pre-defined work   instructions including notification and escalation procedures A R 5. Access   Management A R 6. Management of all administrative account access to the   network devices A R 7. Monthly review and audit of account usage. A R 8.   Termination of inactive accounts in line with the client’s Information   Security Management Policy A R 9. Monthly Inactive Accounts Report A R Health   Checks 1. Weekly check on the following components and perform remedial   actions as required to ensure the desktop virtualization infrastructure   remains stable, e.g.: A R a. Alarm status – all levels including data centre,   cluster, host and virtual desktops A R b. Host and virtual desktop   performance – memory, CPU and virtual disk space to establish performance   baseline A R 2. Weekly review of event logs for adverse trends or abnormal   messages A R 3. Weekly check of virtualization services, e.g.: A R a. VMware   A R i. VMware Management Agent (mgmt-vmware) A R ii. VMware Virtual Center   Agent (vmware-vpxa) A R iii. VMware Web Access (vmware-webAccess) A R iv.   VMware License Server A R b. SQL Service A R c. Microsoft Hyper-V Service A R   d. Remote Desktop Service e. Microsoft Terminal Service A R 4. Any   client-specific checks agreed and documented during the Service Transition A   R House Keeping 1. Rotation of system logs, message logs generated by server   virtualization platform A R 2. Maintenance of system start-up and shutdown   scripts of server virtualization platform A R 3. Review monitored threshold   for appropriateness and accuracy. Adjust threshold settings upon approval A R   4. VM Snapshots – compress, archive, to ensure available disk space is at a   healthy level A R 5. Removal of temporary files A R Scheduled Work* 1. VM   snapshots A R 2. Moving virtual machines between hosts for maintenance or   workload balancing A R 3. Create, add, modify or remove Datacenter’s, Hosts,   Clusters, Resource Pools, Datastores, Templates A R 4. Manage settings e.g.   runtime, active directory, mail sender, SNMP, ports, timeouts, logging   options, database retention policy, SSL following Change Management. A R   Change Management and Implementation 1. Coordinate Change Management Process   end-to-end for configuration changes A R 2. Coordinate with the client’s   Change Management team to ensure appropriate approval and scheduling of   configuration changes are in place A R 3. Assist in the client’s business   impact assessment of the change by performing a technical impact assessment,   to be taken into account during change approval A R 4. Develop Change   Implementation Plan, Back-Out Plan and Post Implementation Test Plan A R 5.   Review Change Implementation Plan with the client’s support and maintenance   authorization to proceed with the configuration change A R 6. Implement   configuration changes using Change Implementation Plan on behalf of clients   following the Change Management Process A R 7. Perform Post Implementation   Test upon configuration changes A R 8. Notify the client of the completion of   the Change Implementation A R 9. Activate Back-Out Plan in the event of   unsuccessful configuration changes A R 10. Log, track and report   configuration changes made A R 11. Change Requests are capped at 20% of total   number of virtual systems per month A R Configuration Management 1. Log and   track desktop virtualization platform and configurations in Configuration   Management Database (CMDB), e.g. asset inventory data, associated location,   IP address, support and maintenance contract details A R 2. Update and   maintain records of desktop virtualization platform configuration upon   execution of changes A R Capacity Management 1. Capture and analyse workloads   associated with desktop virtualization platform, resource pools and storage   repositories on a monthly basis A R 2. Perform Quarterly Review of compute   resources and storage capacity to identify increases in resource utilisation   and capture requirements where new versions of applications require   additional compute resources A R 3. Translate utilisation statistical trends and   analysis into a Quarterly Capacity and Performance Analysis and   Recommendation Report A R Performance Tuning 1. Analyse, together with the   operating system performance report, to identify bottleneck issues within the   virtualised infrastructure platform A R 2. Identify areas which may improve/   optimize the user experience, e.g. optimization of throughput and display of   image files, keyboard and mouse responsiveness A R 3. Provide tuning   recommendation and review with client. A R Patch Management 1. Identify and   evaluate required updates for client OS, e.g. desktop virtualization software   updates and patches on quarterly basis A R Version Upgrade Advisory Process   2. Work with respective vendor / vendor websites for patch availability on a   monthly basis A R 3. Create Patch Management Plans for review and agreement   with the client. A R 4. Test patches on client environments – where no test   environments are available, review of patching procedures with vendors. A R   5. Deploy patches following Change Management process. A R 6. Verify   functionality and provide post deployment support; observe for two weeks A R   Access Management 1. Manage all administrative access to the server   virtualisation platform e.g. pool administrators, pool operators, VM   administrators A R 2. Termination of inactive/ expired accounts A R 3.   Monthly Inactive/Expired Accounts Report A R Procedural Documentation 1.   Maintain work instructions for network health checks, housekeeping   procedures, custom monitoring parameters and provisioning procedures A R   Creation of a restricted access client portal (document repo) 2. Maintenance   of network and network security configurations details including network   settings, network routes, firewall rules 3. Maintain functional and   hierarchical escalation procedures for network related events and incidents A   R 4. Maintain network maintenance schedule A R Reporting 1. Monthly,   Automated Availability Report A R 2. Monthly, Automated Capacity Utilisation   Report A R 3. Quarterly, Capacity and Performance Analysis and Recommendation   Report A R 

    

 

 

30

 

30 mount points   required for the smooth operation of the data storage environment and   provider(s) to confirm implementation approach for client’s consideration in   giving final Managed Storage Monitoring 1. Monitoring components including   availability, performance & capacity thresholds, error rates/retries,   status change, file systems, logical volumes, mount-points, service   processors and disk controllers; virtual storage pools; LUNs (Logical Unit   Numbers), physical storage devices and SAN switches; storage snapshots,   replication and mirror copies; and associated storage management software. A   R Third Party Vendor Management - Dell 2. Event monitoring – to identify   storage devices events which can cause Priority 1 or Priority 2 incidents A R   3. Storage Log monitoring – to identify messages in system logs generated by   storage devices which can indicate Priority 1 or Priority 2 incidents A R 4.   Availability monitoring – to identify unavailability of physical disks, LUNs,   volumes, associated IT systems A R 5. Capacity Threshold Monitoring – to   identify prolonged over-utilisation of storage resources above the agreed   targeted thresholds e.g. space utilisation I/O latency, disk busy,   read/writes A R 6. Configuration Monitoring – to identify unauthorized   changes to storage system configurations A R 7. Configuration Monitoring – to   identify changes to storage devices configurations outside of Change   Management A R 8. Respond to and diagnose the identified events, log messages   and threshold alerts. Follow pre-defined work instructions, notification and   escalation (functional and hierarchical) procedures A R Health Checks 1.   Daily review of systems logs for adverse trends or abnormal messages   associated with storage and switch devices A R Will these checks/reports run   7 days a week 2. Weekly review of all replication, shadow copy, snapshot   functions to ensure consistent performance A R 3. Weekly check of all storage   and switch devices to ensure operating within expected performance   parameters, e.g. overall storage sub-systems, IOS, firmware and microcode   checks and driver status A R 4. Monthly review of SAN configuration with all   mappings of volumes and channels examined A R 5. Any client-specific checks   agreed and documented during the Service Definition A R House Keeping 1.   Remove temporary files and rotate storage subsystems and storage switch log   files A R 2. Maintain storage management policies A R 3. Review space   utilisation across logical volumes A R Procedural Documentation 1. Maintain   storage devices configurations documentation including SAN diagrams, RAID   configurations, LUN configurations, user rights and permissions settings A R   2. Maintain functional and hierarchical escalation procedures for storage   devices related events and incidents A R 3. Maintain storage device   maintenance schedule A R Capacity Management and Performance Tuning 1.   Monthly analysis of storage devices resource utilisation to identify trends   and/or performance bottleneck within the storage environment A R 2. Identify   actions to optimize physical storage, virtual storage pools and LUN   configurations; and improve the interaction between operating system and   storage devices through configuration changes, e.g. RAID configuration,   stripe unit size, volume layout, I/O performance counters and queue length A   R Are the recommended actions included in the service Translate utilisation   statistics into Quarterly Capacity and Performance Analysis and   Recommendation Report A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance authorization to proceed with the   configuration change A R 6. Implement configuration changes using Change   Implementation Plan on behalf of clients following the Change Management   Process A R 7. Perform Post Implementation Test upon configuration changes A   R 8. Notify the client of the completion of the Change Implementation A R 9.   Activate Back-Out Plan in the event of unsuccessful configuration changes A R   10. Log, track and report configuration changes made A R 11. Change Request   is capped at 3 per storage device per quarter, unless additional changes are   purchased A R Reporting 1. Monthly, Automated Availability Report 2. Monthly,   Automated Capacity Utilisation Report A R 3. Quarterly, Capacity and   Performance Analysis and Recommendation Report A R 

    

 

 

31

 

31 provider(s)   to confirm implementation approach for client’s consideration in giving final   Managed Compute Monitoring 1. Subsystem event monitoring – to identify events   which can cause Priority 1 or Priority 2 incidents. A R 2. System Log   monitoring – to identify system messages about device changes, device   drivers, system changes, and operations which can cause Priority 1 or   Priority 2 incidents A R 3. Respond to and diagnose the identified events,   system log messages and threshold alerts. Follow pre-defined work   instructions, notifications and escalation (functional and hierarchical)   procedures A R 4. Configuration Monitoring – to identify changes to hardware   configurations outside of Change Management A R Health Checks 1. Develop   checklist for server hardware and console subsystem health checks A R 2.   Daily review of all the server console subsystems and hardware health   including memory, processor, power supply, hard disks, fans, and chipset   along with the status and message of the subsystem A R 3. Weekly review of   system and system event logs for adverse trends or abnormal messages A R 4.   Monthly functionality test of existing Out-of-Band Management (OOB)   facilities A R House Keeping 1. Review monitored threshold for   appropriateness and accuracy. Adjust threshold settings upon approval A R 2.   Perform system event logs rotation, archival and temporary files clean up A R   Change Management and Implementation 1. Coordinate Change Management Process   end-to-end for configuration changes A R 2. Coordinate with the client’s   Change Management team to ensure appropriate approval and scheduling of   configuration changes are in place A R 3. Assist in the client’s business   impact assessment of the change by performing a technical impact assessment,   to be taken into account during change approval A R 4. Develop Change   Implementation Plan, Back-Out Plan and Post Implementation Test Plan A R 5.   Review Change Implementation Plan with the client’s support and maintenance   authorization to proceed with the configuration change A R 6. Implement   configuration changes using Change Implementation Plan on behalf of clients   following the Change Management Process A R 7. Perform Post Implementation   Test upon configuration changes A R 8. Notify the client of the completion of   the Change Implementation A R 9. Activate Back-Out Plan in the event of   unsuccessful configuration changes A R 10. Log, track and report   configuration changes made A R 11. Change Request is capped at 1 per physical   server per quarter, unless additional changes are purchased A R Access   Management 1. Manage all administrative access to console subsystems under   Managed Operations Services A R 2. Periodically review and audit usage of   administrative account A R Capacity Management Covered Under Managed VMWare   and Managed OS A R Procedural Documentation 1. Maintain work instructions for   network health checks, housekeeping procedures, custom monitoring parameters   and provisioning procedures A R 2. Maintenance of network and network   security configurations details including network settings, network routes,   firewall rules A R 3. Maintain functional and hierarchical escalation   procedures for network related events and incidents A R 4. Maintain network   maintenance schedule A R Performance Tuning 1. Identify actions which may improve   the interaction between and efficiency of server hardware and operating   system through configuration changes, e.g. network adapter settings, TCP   parameters, kernel parameters, paging file/ swap space, memory dump, I/O,   RAID configuration, logical volume configurations, workload balancing A R 2.   Analyse together with the operating system performance report to identify   bottleneck issues within the server infrastructure under Managed Operations   Service A R 3. Provide tuning recommendations and review with client. A R   Patch Management 1. Will be available when clients have valid existing   support and maintenance agreement with the server hardware vendor A R 2.   Identify the required BIOS, firmware or driver updates A R 3. Create Patch   Management Plans for review and agreement with the client A R 4. Test patches   on client environments – where no test environments are available, review of   patching procedures with vendors A R 5. Deploy patches following Change   Management process A R 6. Verify server functionality upon patches deployment   and observe for 2 weeks A R Reporting 1. Monthly, Automated Availability   Report A R 2. Monthly, Automated Capacity Utilisation Report A R 3.   Quarterly, Capacity and Performance Analysis and Recommendation Report A R 

    

 

 

32

 

32 backups in a   timely manner. Analysis storage capacity trends for disk-to-disk backups to   Managed Backup Monitoring 1. Monitoring includes availability, event,   capacity and performance monitoring of the backup environment: A R 2.   Availability monitoring of backup management tools, backup storage devices,   e.g. disk storage, tape libraries, tape drives A R 3. Event monitoring –   backup errors, validation failures, backup job failures, management tools   alerts A R 4. Capacity monitoring – identifying breaches in utilisation   thresholds for backup storage devices which may prevent backups from   successful completion A R 5. Configuration monitoring – where Managed   Operations for Backups is bundled with Managed Operations for OS and Storage,   identifying volumes/file systems in use which are not being backed up for   review with client A R 6. Performance Monitoring – identifying backup jobs   exceeding allowable backup windows in order to take correction action A R 7.   Respond to and diagnose the identified events, log messages and threshold   alerts. Follow pre-defined work instructions, notification and escalation   (functional and hierarchical) procedures A R Health Checks 1. Management of   backup schedules on a daily basis to track and manage the completion of   backup jobs A R 2. Re-scheduling of failed backups A R 3. Access Management A   R 4. Manage backup-specific access accounts to enable successful management   of backup schedules A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance provider(s) to confirm implementation   approach for client’s consideration in giving final authorization to proceed   with the configuration change A R 6. Implement configuration changes using Change   Implementation Plan on behalf of clients following the Change Management   Process A R 7. Perform Post Implementation Test upon configuration changes A   R 8. Notify the client of the completion of the Change Implementation A R 9.   Activate Back-Out Plan in the event of unsuccessful configuration changes A R   10. Log, track and report configuration changes made A R 11. Change Requests   are capped at 4 per backup instance per month, unless additional changes are   purchased A R Procedural Documentation 1. Maintain work instructions for   backup management tools, backup scripts/jobs, media libraries   (virtual/physical) A R 2. Maintain backup configurations documentation,   backup management hierarchical diagrams, backup schedules, media management   procedures A R 3. Maintain functional and hierarchical escalation procedures   for backup related events and incidents A R House Keeping 1. Perform backup   systems logs rotation and archival A R 2. Perform test restores to ensure   integrity of backups to client-defined environments A R Monthly Test/Restore   3. Execute ad-hoc and scheduled backup and restore requests upon Change   Approval A R 4. Manage Virtual Tape Libraries (VTL) A R 5. Create and   maintain media pools (tape, disk) A R 6. Track and manage life cycle of tape   media. Monitor tape media utilisation A R Capacity Management Capture and   analyse backup capacity data e.g. physical/ virtual media pools/ tape media,   backup timings compared to backup windows - to identify adverse trends in   achieving identify capacity requirements. A R Performance Tuning Perform   adjustments to schedule timing, media pools, tape and storage media to most   efficiently complete backup schedule A R Patch Management 1. Identify the   required backup software service packs/ patches, bug fixes, security fixes and   updates A R Specify both HW and SW 2. Create Patch Management Plan for review   and agreement with the client A R 3. Test patches on client environments –   where no test environments are available, review of patching procedures with   vendors A R 4. Deploy patches following Change Management A R 5. Verify   backup software functionality upon patches deployment and observe for 2   weeks. A R Reporting 1. Provide the following reports to facilitate Quarterly   Service Review meeting A R 2. Daily Backup Completion Report A R Replication   Report to be included (off site copy) 3. Monthly Backup Capacity Utilization   Report A R 4. Quarterly Capacity and Performance Analysis and Recommendation   Report A R 

    

 

 

33

 

33 Managed   Active Directory Monitoring 1. 24x7x365 proactive monitoring A R 2. Configure   standard set of identified events, thresholds and alerting criteria. Ensure   events and alerts are automatically generated, displayed on monitoring   console and notified to the appropriate personnel according to the   pre-defined business rules A R 3. Respond to and diagnose the identified SNMP   traps, syslog and threshold breach alerts. A R 4. Follow pre-defined work   instructions including notification and escalation procedures A R 5. Access   Management A R 6. Management of all administrative account access to the   network devices A R 7. Monthly review and audit of account usage. A R 8.   Termination of inactive accounts in line with the client’s Information   Security Management Policy A R 9. Monthly Inactive Accounts Report A R Health   Checks 1. Daily A R a. Monitor Active Directory and related services alerts A   R Will these checks be reported daily b. Complete Active Directory Health   Check including, Replication, FSMO role availability, time service A R c.   Ensure that AAD Connect service is running and review SYNC schedules for jobs   A R 2. Monthly A R a. Install latest Microsoft approved patches A R 3.   Quarterly A R a. Perform Active Directory Database Management A R b. Perform   DHCP/WINS Database Management A R House Keeping 1. Maintain Organisational   Unit Structure A R 2. Maintain Group Policies A R 3. Maintain Active   Directory Object Life Cycle A R 4. Maintain Delegation Model A R 5. Maintain   Domains, Trusts, Sites and Services A R Procedural Documentation 1. Maintain   work instructions for network health checks, housekeeping procedures, custom   monitoring parameters and provisioning procedures A R 2. Maintenance of   network and network security configurations details including network   settings, network routes, firewall rules A R 3. Maintain functional and   hierarchical escalation procedures for network related events and incidents A   R 4. Maintain network maintenance schedule A R Capacity Management and   Performance Tuning 1. Capture and analyse operating system capacity data e.g.   Average Resource Utilisation and Peak Resource Utilisation for CPU, RAM, I/O,   file systems on monthly basis A R 2. Analysis of operating system resource   utilisation to identify performance bottlenecks within the operating system   instance A R 3. Where applicable, analyse OS performance data with the   physical server performance data to identify bottleneck issues within the   physical infrastructure A R 4. Identify actions which may improve the   interaction between server hardware and operating system through   configuration changes e.g. A R 5. Windows OS - network adapter settings, TCP   / IP parameters, system parameters, paging, I/O, logical volume   configurations, workload balancing A R 6. Translate utilisation statistical   trends and analysis into a Quarterly Capacity and Performance Analysis and   Recommendation Report A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance provider(s) to confirm implementation   approach for client’s consideration in giving final authorization to proceed   with the configuration change A R 6. Implement configuration changes using   Change Implementation Plan on behalf of clients following the Change   Management Process A R 7. Perform Post Implementation Test upon configuration   changes A R 8. Notify the client of the completion of the Change   Implementation A R 9. Activate Back-Out Plan in the event of unsuccessful   configuration changes A R 10. Log, track and report configuration changes   made A R 11. Change Request is capped at 1 per server per quarter, unless   additional changes are purchased A R Patch Management 1. Identify the   required operating system service packs/ patches, security fixes and updates   A R 2. Create Patch Management Plan for review and agreement with the client   A R 3. Test patches on client environments – where no test environments are   available, review of patching procedures with vendors A R 4. Deploy patches   following Change Management A R 5. Verify system functionality upon patches   deployment and observe for 2 weeks. A R Reporting 1. Monthly, Automated   Availability Report A R 2. Monthly, Automated Capacity Utilisation Report A R   3. Quarterly, Capacity and Performance Analysis and Recommendation Report A R   

    

 

 

34

 

34 provider(s)   to confirm implementation approach for client’s consideration in giving final   Managed OS Monitoring 1. 24x7x365 proactive monitoring A R 2. Configure   standard set of identified events, thresholds and alerting criteria. Ensure   events and alerts are automatically generated, displayed on monitoring   console and notified to the appropriate personnel according to the   pre-defined business rules A R 3. Respond to and diagnose the identified SNMP   traps, syslog and threshold breach alerts. A R 4. Follow pre-defined work   instructions including notification and escalation procedures A R 5. Access   Management A R 6. Management of all administrative account access to the   network devices A R 7. Monthly review and audit of account usage. A R 8.   Termination of inactive accounts in line with the client’s Information   Security Management Policy A R 9. Monthly Inactive Accounts Report A R Health   Checks 1. Periodic check of system parameters to ensure they comply to the   Standard Operating Environment agreed to with the client A R 2. Periodic   check to ensure all core system services/daemon processes are started and   running A R House Keeping 1. Rotation of system logs, message logs A R 2.   Clean-up of temporary files A R 3. Maintenance of system start-up and   shutdown scripts A R 4. Configure & administer TCP/IP network parameters,   including Hostname, IP address, Sub-Net and other server networking   configurations A R Access Management Management of all privileged account access   to the operating system, e.g. Windows Administrator. A R Procedural   Documentation 1. Maintenance of operating system configurations details   including network settings, system/kernel parameters, mounted volumes, user   rights and permissions settings A R 2. Maintain functional and hierarchical   escalation procedures for operating system related events and incidents A R   3. Maintain operating system maintenance schedule A R Capacity Management and   Performance Tuning 1. Capture and analyse operating system capacity data e.g.   Average Resource Utilisation and Peak Resource Utilisation for CPU, RAM, I/O,   file systems on monthly basis A R 2. Analysis of operating system resource   utilisation to identify performance bottlenecks within the operating system   instance A R 3. Where applicable, analyse OS performance data with the   physical server performance data to identify bottleneck issues within the   physical infrastructure A R 4. Identify actions which may improve the   interaction between server hardware and operating system through   configuration changes e.g. A R 5. Windows OS - network adapter settings, TCP   / IP parameters, system parameters, paging, I/O, logical volume   configurations, workload balancing A R 6. Translate utilisation statistical   trends and analysis into a Quarterly Capacity and Performance Analysis and   Recommendation Report A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance authorization to proceed with the   configuration change A R 6. Implement configuration changes using Change   Implementation Plan on behalf of clients following the Change Management   Process A R 7. Perform Post Implementation Test upon configuration changes A   R 8. Notify the client of the completion of the Change Implementation A R 9.   Activate Back-Out Plan in the event of unsuccessful configuration changes A R   10. Log, track and report configuration changes made A R 11. Change Request   is capped at 1 per server per quarter, unless additional changes are   purchased A R Patch Management 1. Identify the required operating system   service packs/ patches, security fixes and updates A R 2. Create Patch   Management Plan for review and agreement with the client A R 3. Test patches   on client environments – where no test environments are available, review of   patching procedures with vendors A R 4. Deploy patches following Change   Management A R 5. Verify operating system functionality upon patches   deployment and observe for 2 weeks. A R Reporting 1. Monthly, Automated   Availability Report A R 2. Monthly, Automated Capacity Utilisation Report A R   3. Quarterly, Capacity and Performance Analysis and Recommendation Report A R   

    

 

 

35

 

35 Managed   Exchange Monitoring 1. 24x7x365 proactive monitoring A R 2. Configure   standard set of identified events, thresholds and alerting criteria. Ensure   events and alerts are automatically generated, displayed on monitoring   console and notified to the appropriate personnel according to the   pre-defined business rules A R 3. Respond to and diagnose the identified SNMP   traps, syslog and threshold breach alerts. A R 4. Follow pre-defined work   instructions including notification and escalation procedures A R 5. Access   Management A R 6. Management of all administrative account access to the   network devices A R 7. Monthly review and audit of account usage. A R 8.   Termination of inactive accounts in line with the client’s Information   Security Management Policy A R 9. Monthly Inactive Accounts Report A R Health   Checks 1. Daily A R a. Daily Exchange Health Checks A R b. Monitoring the   performance and availability of the Exchange servers A R c. Monitoring event   logs and responding to problems encountered A R 2. Monthly A R a. System   Patch Management A R 3. Quarterly A R a. Exchange system health audits A R 4.   Bi-Annually A R a. Installation of Service Packs A R House Keeping 1.   Management of non-user mailboxes A R 2. Global settings – configure   system-wide settings for all servers and recipients in an Exchange   organisation A R 3. Recipients – manage address lists, offline address lists,   recipient update services and recipient policies A R 4. Administrative groups   – manage the permissions of administrative groups that contain policies,   routing groups, public folder hierarchies, and servers A R 5. Database   Availability Groups (DAG) – manage database copies, active database   failovers, DAG networks A R 6. Servers – administer server-specific   configuration objects such as Queues, Mailbox stores, Public Folder stores,   and Protocols information A R 7. System policies – administer the   configuration settings that you apply to one or more servers, mailbox stores,   or public folder stores. For example, to enable message tracking across   multiple servers, a single policy can be defined instead of performing the   lengthy task of setting individual policies to enable message tracking on   each server A R 8. Send & Receive Connectors to manage internal &   external mail flow, managed mail relays A R 9. Folders – administer access to   public folder stores A R 10. Resource Mailboxes - administer auto-attendant   features and types of mailboxes. A R Procedural Documentation 1. Maintain   work instructions for network health checks, housekeeping procedures, custom   monitoring parameters and provisioning procedures A R 2. Maintenance of   network and network security configurations details including network   settings, network routes, firewall rules A R 3. Maintain functional and   hierarchical escalation procedures for network related events and incidents A   R 4. Maintain network maintenance schedule A R Capacity Management and   Performance Tuning 1. Capture and analyse operating system capacity data e.g.   Average Resource Utilisation and Peak Resource Utilisation for CPU, RAM, I/O,   file systems on monthly basis A R 2. Analysis of operating system resource   utilisation to identify performance bottlenecks within the operating system   instance A R 3. Where applicable, analyse OS performance data with the   physical server performance data to identify bottleneck issues within the   physical infrastructure A R 4. Identify actions which may improve the   interaction between server hardware and operating system through   configuration changes e.g. A R 5. Windows OS - network adapter settings, TCP   / IP parameters, system parameters, paging, I/O, logical volume   configurations, workload balancing A R 6. Translate utilisation statistical   trends and analysis into a Quarterly Capacity and Performance Analysis and   Recommendation Report A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2.   Coordinate with the client’s Change Management team to ensure appropriate   approval and scheduling of configuration changes are in place A R 3. Assist   in the client’s business impact assessment of the change by performing a   technical impact assessment, to be taken into account during change approval   A R 4. Develop Change Implementation Plan, Back-Out Plan and Post   Implementation Test Plan A R 5. Review Change Implementation Plan with the   client’s support and maintenance provider(s) to confirm implementation   approach for client’s consideration in giving final authorization to proceed   with the configuration change A R 6. Implement configuration changes using   Change Implementation Plan on behalf of clients following the Change   Management Process A R 7. Perform Post Implementation Test upon configuration   changes A R 8. Notify the client of the completion of the Change   Implementation A R 9. Activate Back-Out Plan in the event of unsuccessful   configuration changes A R 10. Log, track and report configuration changes   made A R 11. Change Request is capped at 1 per server per quarter, unless   additional changes are purchased A R Patch Management 1. Identify the   required operating system service packs/ patches, security fixes and updates   A R 2. Create Patch Management Plan for review and agreement with the client   A R 3. Test patches on client environments – where no test environments are   available, review of patching procedures with vendors A R 4. Deploy patches   following Change Management A R 5. Verify system functionality upon patches   deployment and observe for 2 weeks. A R Reporting 1. Monthly, Automated   Availability Report A R 2. Monthly, Automated Capacity Utilisation Report A R   3. Quarterly, Capacity and Performance Analysis and Recommendation Report A R   

    

 

 

36

 

36 provider(s)   to confirm implementation approach for client’s consideration in giving final   Managed DR Monitoring 1. Monitoring includes availability, event, capacity   and performance monitoring of the environment: A R 2. Availability monitoring   of replication management tools, storage devices, e.g. disk storage. A R 3.   Event monitoring – replication errors, validation failures, job failures,   management tools alerts A R 4. Capacity monitoring – identifying breaches in   utilisation thresholds for replication storage devices which may prevent   replication from successful completion A R 5. Performance Monitoring –   identifying replication jobs exceeding allowable replication windows in order   to take correction action A R 6. Respond to and diagnose the identified events,   log messages and threshold alerts. Follow pre-defined work instructions,   notification and escalation (functional and hierarchical) procedures. A R   Health Checks 1. Periodic check of system parameters to ensure they comply to   the Standard Operating Environment agreed to with the client A R 2. Periodic   check to ensure all core system services/daemon processes are started and   running A R House Keeping 1. Rotation of system logs, message logs A R 2.   Clean-up of temporary files A R 3. Configure & administer TCP/IP network   parameters, including Hostname, IP address, Sub-Net and other server   networking configurations A R Access Management 1. Management of all   privileged account access to the system, e.g. Administrator. A R 2. Creation/   Modification/ Deletion of user accounts in line with the client’s Information   Security Management Policy A R Procedural Documentation 1. Maintain work   instructions for network health checks, housekeeping procedures, custom   monitoring parameters and provisioning procedures A R 2. Maintenance of   network and network security configurations details including network   settings, network routes, firewall rules A R 3. Maintain functional and   hierarchical escalation procedures for network related events and incidents A   R 4. Maintain network maintenance schedule A R Capacity Management and   Performance Tuning 1. Capture and analyse system capacity data e.g. Average   Resource Utilisation and Peak Resource Utilisation for CPU, RAM, I/O, file   systems on monthly basis A R 2. Analysis of system resource utilisation to   identify performance bottlenecks within the system instance A R 3. Where   applicable, analyse performance data with the server performance data to   identify bottleneck issues within the physical infrastructure A R 4. Identify   actions which may improve the interaction between server hardware and the   system through configuration changes e.g. A R 5. Network adapter settings,   TCP / IP parameters, system parameters, paging, I/O, logical volume   configurations, workload balancing A R 6. Translate utilisation statistical   trends and analysis into a Quarterly Capacity and Performance Analysis and   Recommendation Report A R Change Management and Implementation 1. Coordinate   Change Management Process end-to-end for configuration changes A R 2. Coordinate   with the client’s Change Management team to ensure appropriate approval and   scheduling of configuration changes are in place A R 3. Assist in the   client’s business impact assessment of the change by performing a technical   impact assessment, to be taken into account during change approval A R 4.   Develop Change Implementation Plan, Back-Out Plan and Post Implementation   Test Plan A R 5. Review Change Implementation Plan with the client’s support   and maintenance authorization to proceed with the configuration change A R 6.   Implement configuration changes using Change Implementation Plan on behalf of   clients following the Change Management Process A R 7. Perform Post   Implementation Test upon configuration changes A R 8. Notify the client of   the completion of the Change Implementation A R 9. Activate Back-Out Plan in   the event of unsuccessful configuration changes A R 10. Log, track and report   configuration changes made A R 11. Change Request is capped at 1 per quarter,   unless additional changes are purchased A R Patch Management 1. Identify the   required system service packs/ patches, security fixes and updates A R 2.   Create Patch Management Plan for review and agreement with the client A R 3.   Deploy patches following Change Management A R 4. Verify system functionality   upon patches deployment and observe for 2 weeks. A R Reporting 1. Monthly,   Automated Availability Report A R 2. Monthly, Automated Capacity Utilisation   Report A R 3. Quarterly, Capacity and Performance Analysis and Recommendation   Report A R Additional Services OS Patching* 1. Identify the required   operating system service packs/ patches, security fixes and updates A R 2.   Create Patch Management Plan for review and agreement with the client A R 3.   Test patches on client environments – where no test environments are   available, review of patching procedures with vendors A R 4. Deploy patches   following Change Management A R 5. Verify operating system functionality upon   patches deployment and observe for 2 weeks. A R Service Delivery Management 8   Hours of SDM time allocated per month A/R Connectivity A/R 

    

 

 

37

 

37 SAP ASPECTS   OF THE IT SERVICES 

    

 

 

38

 

38 Annexure D   IT PROGRAMME 

    

 

 

39

 

Annexure E                        FEES

 

1.                                  Company Secretarial Services

 

1.1.                          The fees for the Company Secretarial Services shall, subject to paragraph 1.2 of this Annexure E, consist of a fixed fee of R10 416.67 per month, payable monthly in arrears for the duration of this Agreement (or until the Company Secretarial Services are cancelled in terms of clause 6.2.2, if earlier).

 

1.2.                          The fee contemplated in paragraph 1.1of this Annexure E, for the month in which the Commencement Date occurs, shall be pro-rated downwards in accordance with the number of days remaining from the Commencement Date to the end of such month (both days inclusive).

 

2.                                  IA Services

 

2.1.                          The fees for the IA Services shall consist of three components, as set out in paragraphs 2.2, 2.3 and 2.4 of this Annexure E respectively.

 

2.2.                          A fixed aggregate amount of R50 000 (“2018 IA Fixed Fee”) in respect of the period from the Commencement Date until 31 December 2018, payable monthly in arrears for each month during such period, as follows:

 

2.2.1.                                       subject to paragraphs 2.2.2 and 2.2.3 of this Annexure E, in monthly amounts each equal to the 2018 IA Fixed Fee divided by the number of months remaining from the month in which the Commencement Date occurs until December 2018 (both months inclusive);

 

2.2.2.                                       the monthly amount for the month in which the Commencement Date occurs shall be pro-rated downwards in accordance with the number of days remaining from the Commencement Date to the end of such month (both days inclusive);

 

2.2.3.                                       the monthly amount for December 2018 (or, if earlier, the month in which this Agreement terminates or during which the IA Services are cancelled in terms of clause 6.2.2) shall be an amount equal to the 2018 IA Fixed Fee less the aggregate of all payments by then already made in terms of this paragraph 2.2.

 

2.3.                          A fixed aggregate amount of R25 000 (“2019 IA Fixed Fee”) in respect of the period from 1 January 2019 until the earlier of the date on which this Agreement terminates or the date that the IA Services are cancelled in terms of clause 6.2.2), payable monthly in arrears for each month during such period, as follows:

 

2.3.1.                                       subject to paragraph 2.3.2 of this Annexure E, in monthly amounts each equal to R2 083.33;

 

 

40

 

2.3.2.                                       the monthly amount for the month in which this Agreement terminates or during which the IA Services are cancelled in terms of clause 6.2.2, shall be an amount equal to the 2019 IA Fixed Fee less the aggregate of all payments by then already made in terms of this paragraph 2.3.

 

2.4.                          A variable amount for the period from 1 January 2019 until the earlier of the date on which this Agreement terminates or the date that the IA Services are cancelled in terms of clause 6.2.2, payable as a single lump sum in arrears following the end of such period, equal to:

 

2.4.1.                                       if the number of IA assignments completed by GL during such period (“Completed Assignments”) is between 12 and 15 (both numbers inclusive), an amount of R250 000;

 

2.4.2.                                       if the number of Completed Assignments is less than 12, an amount equal to:

 

R250 000 – ((R16 666.66 * (12 – number of Completed Assignments)); or

 

2.4.3.                                       if the number of Completed Assignments is greater than 15, an amount equal to:

 

R250 000 + ((R16 666.66 * (number of Completed Assignments - 15)).

 

3.                                  IT Services

 

3.1.                          The fees for the IT Services shall consist of:

 

3.1.1.                                       a fee for the month in which the Commencement Date occurs, equal to R232 829.62 pro-rated downwards in accordance with the number of days remaining from the Commencement Date to the end of such month (both days inclusive)

 

3.1.2.                                       a fixed monthly fee of R212 309.62 for the period from the month after the month in which the Commencement Date occurs until December 2018 (both months inclusive); and

 

3.1.3.                                       a fixed fee of R72 675.00 per month for the period from January 2019 until the month in which this Agreement is terminated (or until the IT Services are cancelled in terms of clause 6.2.2, if earlier) (both months inclusive).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}]]