Document:

exv10w77

Exhibit 10.77

SEVERANCE AND CHANGE IN CONTROL AGREEMENT

     SEVERANCE AND CHANGE IN CONTROL AGREEMENT dated October 22, 2010, by and between SMITH &
WESSON HOLDING CORPORATION, a Nevada corporation (“Employer”), and P. JAMES DEBNEY (“Employee”).

     WHEREAS, Employee is an executive officer and valued employee of Employer.

     WHEREAS, Employer and Employee desire to agree to the results of any termination of Employee’s
employment under certain circumstances.

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants set forth in this
Agreement, the parties hereto agree as follows:

     1. Definitions.

          (a) “Cause” shall mean any termination of Employee’s employment by Employer as a result of
Employee engaging in an act or acts involving a crime, moral turpitude, fraud, or dishonesty;
Employee taking any action that may be injurious to the business or reputation of Employer; or
Employee willfully violating in a material respect Employer’s Corporate Governance Guidelines, Code
of Conduct, or any applicable Code of Ethics, including, without limitation, the provisions thereof
relating to conflicts of interest or related party transactions.

          (b) “Change in Control” of Employer shall mean a change in control of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated
under the Securities Exchange Act of 1934 as in effect on the date of this Agreement or, if Item
6(e) is no longer in effect, any regulations issued by the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934 that serve similar purposes; provided that, without
limitation, such a Change in Control shall be deemed to have occurred if and when (i) any person
(as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934)
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934)
directly or indirectly of equity securities of Employer representing 20 percent or more of the
combined voting power of
Employer’s then-outstanding equity securities, except that this provision
shall not apply to any person currently owning at least five percent or more of the combined voting
power of Employer’s currently outstanding equity securities or to an acquisition of up to 20
percent of the then-outstanding voting securities that has been approved by at least 75 percent of
the members of the Board of Directors who are not affiliates or associates of such person; (ii)
during the period of this Agreement, individuals who, at the beginning of such period, constituted
the Board of Directors of Employer (the “Original Directors”), cease for any reason to constitute
at least a majority thereof unless the election or nomination for election of each new director was
approved (an “Approved Director”) by the vote of a Board of Directors constituted entirely of
Original Directors and/or Approved Directors;
(iii) a tender offer or exchange offer is made whereby the effect of such offer is to take
over and control Employer, and such offer is consummated for the equity securities of Employer
representing 20 percent or more of the combined voting power of

 

 

Employer’s then-outstanding voting
securities; (iv) Employer is merged, consolidated, or enters into a reorganization transaction with
another person and, as the result of such merger, consolidation, or reorganization, less than 75
percent of the outstanding equity securities of the surviving or resulting person shall then be
owned in the aggregate by the former stockholders of Employer; or (v) Employer transfers
substantially all of its assets to another person or entity that is not a wholly owned subsidiary
of Employer. Sales of Employer’s Common Stock beneficially owned or controlled by Employee shall
not be considered in determining whether a Change in Control has occurred.

     2. Result of Termination Other than for Cause. In the event that Employer terminates
Employee’s employment with Employer other than for Cause, (a) Employer shall pay Employee’s base
salary for a period of 12 months following the effective date of such termination, (b) Employer
shall pay to Employee, at the same time as cash incentive bonuses are paid to Employer’s other
executives, a portion of the cash incentive bonus deemed by Employer’s Compensation Committee in
the exercise of its sole discretion to be earned by Employee pro rata for the period commencing on
the first day of the fiscal year for which the cash incentive bonus is calculated and ending on the
effective date of termination; and (c) all unvested stock-based compensation held by Employee on
the effective date of the termination shall vest as of the effective date of termination. The
amounts payable under (a) above shall be paid on the Company’s regular payroll schedule commencing
on the first such payment date coincident with or following your “separation from service” from the
Company within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and shall be treated as a series of separate payments under Treasury Regulations Section
1.409A-2(b)(2)(iii). The amounts payable under (b) above shall be made by March 15 of the year
following the year to which the bonus applies and would otherwise be earned.

     3. Termination Following Change in Control. In the event of a “Change in Control” of Employer,
Employee, at Employee’s option and upon written notice to Employer, may terminate Employee’s
employment effective on the date of the notice with the same force and effect as if such
termination were other than for Cause as provided in Section 2 above, unless (A) the Change in
Control shall have been approved by the Board of Directors of the Company, (B) the provisions of
this Agreement remain in full force and effect as to Employee and (C) Employee suffers no reduction
in Employee’s status, duties, authority, or compensation following such Change in Control, provided
that Employee will be considered to suffer a reduction in Employee’s status, duties, authority or
compensation, only if, after the Change in Control, (i) Employee is not the president of the
firearm business conducted by Employer and its subsidiaries immediately prior to the Change in
Control, (ii) such company terminates Employee or in any material respect reduces Employee’s
status, duties, authority, or base compensation within one year of the Change in Control, or (iii)
as a result of such Change in Control Employee is required to relocate out of Springfield,
Massachusetts (or surrounding areas).

     4. Competition and Confidential Information.

          (a) Interests to be Protected. The parties acknowledge that Employee will perform essential
services for Employer, its employees, and its stockholders during the term of Employee’s employment
with Employer. Employee will be exposed to, have access to, and work with, a considerable amount
of Confidential Information (as defined below). 

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The parties also expressly recognize and
acknowledge that the personnel of Employer have been trained by, and are valuable to, Employer and
that Employer will incur substantial recruiting and training expenses if Employer must hire new
personnel or retrain existing personnel to fill vacancies. The parties expressly recognize that it
could seriously impair the goodwill and diminish the value of Employer’s business should Employee
compete with Employer in any manner whatsoever. The parties acknowledge that this covenant has an
extended duration; however, they agree that this covenant is reasonable and it is necessary for the
protection of Employer, its stockholders, and employees. For these and other reasons, and the fact
that there are many other employment opportunities available to Employee if his employment is
terminated, the parties are in full and complete agreement that the following restrictive covenants
are fair and reasonable and are entered into freely, voluntarily, and knowingly. Furthermore, each
party was given the opportunity to consult with independent legal counsel before entering into this
Agreement.

          (b) Non-Competition. For the period equal to 12 months after the termination of Employee’s
employment with Employer for any reason, Employee shall not (whether directly or indirectly, as
owner, principal, agent, stockholder, director, officer, manager, employee, partner, participant,
or in any other capacity) engage or become financially interested in any competitive business
conducted within the Restricted Territory (as defined below). As used herein, the term
“competitive business” shall mean any business that sells or provides or attempts to sell or
provide products or services the same as or substantially similar to the products or services sold
or provided by Employer during Employee’s employment, and the term “Restricted Territory” shall
mean any state or other geographical area in which Employer sells products or provides services
during Employee’s employment.

          (c) Non-Solicitation of Employees. For a period of 24 months after the termination of
Employee’s employment with Employer for any reason, Employee shall not directly or indirectly, for
Employee, or on behalf of, or in conjunction with, any other person, company, partnership,
corporation, or governmental entity, solicit for employment, seek to hire, or hire any person or
persons who is employed by or was employed by Employer within 12 months of the termination of
Employee’s employment for the purpose of having any such employee engage in services that are the
same as or similar or related to the services that such employee provided for Employer.

          (d) Confidential Information. Employee shall maintain in strict secrecy all confidential or
trade secret information relating to the business of Employer (the “Confidential Information”)
obtained by Employee in the course of Employee’s employment, and Employee shall not, unless first
authorized in writing by Employer, disclose to, or use for Employee’s benefit or for the benefit
of, any person,
firm, or entity at any time either during or subsequent to the term of Employee’s employment,
any Confidential Information, except as required in the performance of Employee’s duties on behalf
of Employer. For purposes hereof, Confidential Information shall include without limitation any
materials, trade secrets, knowledge, or information with respect to management, operational, or
investment policies and practices of Employer; any business methods or forms; any names or
addresses of customers or data on customers or suppliers; and any business policies or other
information relating to or dealing with the management, operational, or investment policies or
practices of Employer.

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          (e) Return of Books, Records, Papers, and Equipment. Upon the termination of Employee’s
employment with Employer for any reason, Employee shall deliver promptly to Employer all files,
lists, books, records, manuals, memoranda, drawings, and specifications; all cost, pricing, and
other financial data; all other written or printed materials and computers, cell phones, PDAs, and
other equipment that are the property of Employer (and any copies of them); and all other materials
that may contain Confidential Information relating to the business of Employer, which Employee may
then have in Employee’s possession or control whether prepared by Employee or not.

          (f) Disclosure of Information. Employee shall disclose promptly to Employer, or its nominee,
any and all ideas, designs, processes, and improvements of any kind relating to the business of
Employer, whether patentable or not, conceived or made by Employee, either alone or jointly with
others, during working hours or otherwise, during the entire period of Employee’s employment with
Employer or within six months thereafter.

          (g) Assignment. Employee hereby assigns to Employer or its nominee, the entire right, title,
and interest in and to all inventions, discoveries, and improvements, whether patentable or not,
that Employee may conceive or make during Employee’s employment with Employer, or within six months
thereafter, and which relate to the business of Employer.

          (h) Equitable Relief. In the event a violation of any of the restrictions contained in this
Section occurs, Employer shall be entitled to preliminary and permanent injunctive relief as well
as damages and an equitable accounting of all earnings, profits, and other benefits arising from
such violation, which right shall be cumulative and in addition to any other rights or remedies to
which Employer may be entitled. In the event of a violation of any provision of subsection (b),
(c), (f), or (g) of this Section, the period for which those provisions would remain in effect
shall be extended for a period of time equal to that period beginning when such violation commenced
and ending when the activities constituting such violation shall have been finally terminated in
good faith.

          (i) Restrictions Separable. If the scope of any provision of this Agreement (whether in this
Section 4 or otherwise) is found by a Court to be too broad to permit enforcement to its full
extent, then such provision shall be enforced to the
maximum extent permitted by law. The parties agree that the scope of any provision of this
Agreement may be modified by a judge in any proceeding to enforce this Agreement, so that such
provision can be enforced to the maximum extent permitted by law. Each and every restriction set
forth in this Section 4 is independent and severable from the others, and no such restriction shall
be rendered unenforceable by virtue of the fact that, for any reason, any other or others of them
may be unenforceable in whole or in part.

     5. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of the parties hereto; provided that because the obligations of Employee
hereunder involve the performance of personal services, such obligations shall not be delegated by
Employee. For purposes of this Agreement successors and assigns shall include, but not be limited
to, any individual, corporation, trust, partnership, or other entity that acquires a majority of
the stock or assets of Employer by sale, merger,

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consolidation, liquidation, or other form of
transfer. Employer will require any successor (whether direct or indirect, by purchase, merger,
consolidation, or otherwise) to all or substantially all of the business and/or assets of Employer
to expressly assume and agree to perform this Agreement in the same manner and to the same extent
that Employer would be required to perform it if no such succession had taken place. Without
limiting the foregoing, unless the context otherwise requires, the term “Employer” includes all
subsidiaries of Employer.

     6. Release of Claims and Non-Disparagement. Employer’s obligations under this Agreement are
contingent upon Employee executing (and not revoking during any applicable revocation period) a
valid and enforceable full and unconditional release of any claims Employee may have against
Employer (whether known or unknown) as of the termination of Employee’s employment. Employer shall
present the release to Employee within ten (10) days of termination, and Employee shall have up to
forty-five (45) days to consider whether to execute the release; in the event Employee executes the
release, Employee shall have an additional eight (8) calendar days in which to expressly revoke his
execution of the release in writing. In the event that Employee fails to execute the release
within the forty-five (45) day period, or in the event Employee formally revokes his execution of
the release within eight (8) calendar days of his execution of the release, then this Agreement
shall be null and void. Employee shall not be entitled to any payments or benefits under this
Agreement after termination of his employment if he does not execute the release or if he revokes
the release during any statutory revocation period, and to the extent that Employer has made any
payments to Employee prior to Employee’s failure to execute the release within the forty-five (45)
day period or prior to his revocation, then Employee shall immediately reimburse Employer for any
and all such payments. Employer’s obligations and all payments under this Agreement shall cease if
Employee makes any written or oral statement or takes any action that Employee knows or reasonably
should know constitutes an untrue, disparaging, or negative comment concerning Employer.

     7. Miscellaneous.

          (a) Notices. All notices, requests, demands, and other communications required or permitted
under this Agreement shall be in writing and shall be deemed to have been duly given, made, and
received (i) if personally delivered, on the date of delivery, (ii) if by facsimile or e-mail
transmission, upon receipt, (iii) if mailed, three days after deposit in the United States mail,
registered or certified, return receipt requested, postage prepaid, and addressed as provided
below, or (iv) if by a courier delivery service providing overnight or “next-day” delivery, on the
next business day after deposit with such service addressed as follows:

(1)  If to Employer:

2100 Roosevelt Avenue

Springfield, Massachusetts 01104

Attention: Chief Executive Officer

Phone: (413) 747-3349

Facsimile: (413) 739-8528

E-Mail: mgolden@smith-wesson.com

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(2)  If to Employee:

James Debney

3 Oxford Road

Longmeadow, MA 01106

Phone: (413) 754-3348

E-Mail: JDebney@smith-wesson.com

Either party may alter the address to which communications or copies are to be sent by giving
notice of such change of address in conformity with the provisions of this Section 5 for the giving
of notice.

          (b) Indulgences; Waivers. Neither any failure nor any delay on the part of either party to
exercise any right, remedy, power, or privilege under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege
preclude any other or further exercise of the same or of any other right, remedy, power, or
privilege, nor shall any waiver of any right, remedy, power, or privilege with respect to any
occurrence be construed as a waiver of such right, remedy, power, or privilege with respect to any
other occurrence. No waiver shall be binding unless executed in writing by the party making the
waiver.

          (c) Controlling Law. This Agreement and all questions relating to its validity,
interpretation, performance and enforcement, shall be governed by and construed in accordance with
the laws of the state of Massachusetts, notwithstanding any Massachusetts or other
conflict-of-interest provisions to the contrary. Each of the parties hereto irrevocably submits to
the exclusive jurisdiction of the courts of the state of Massachusetts located in Hampden County
and the United States District Court for the District of Massachusetts for the purpose of any suit,
action, proceeding or judgment relating to or arising out of this Agreement and the transactions
contemplated hereby. Service of process in connection with any such suit, action, or proceeding
may be served on each party hereto anywhere in the world by the same methods as are specified for
the giving of notices under this Agreement. Each of the parties hereto irrevocably consents to the
jurisdiction of any such court in any such suit, action, or proceeding and to the laying of venue
in such court. Each party hereto irrevocably waives any objection to the laying of venue of any
such suit, action or proceeding brought in such courts and irrevocably waives any claim that any
such suit, action or proceeding brought in any such court has been brought in an inconvenient
forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION
WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO
THIS WAIVER.

          (d) Binding Nature of Agreement. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, personal representatives, successors, and
assigns, except that no party may assign or transfer such party’s rights or obligations under this
Agreement without the prior written consent of the other party.

          (e) Execution in Counterpart. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original as against any party whose signature appears
thereon, and all of which shall together constitute one and the same

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instrument. This Agreement
shall become binding when one
or more counterparts hereof, individually or taken together, shall bear the signatures of the
parties reflected hereon as the signatories.

          (f) Provisions Separable. The provisions of this Agreement are independent of and separable
from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue
of the fact that for any reason any other or others of them may be invalid or unenforceable in
whole or in part.

          (g) Entire Agreement. This Agreement contains the entire understanding between the parties
hereto with respect to the subject matter hereof and supersedes all prior and contemporaneous
agreements and understandings, inducements, and conditions, express or implied, oral or written,
except as herein contained. The express terms hereof control and supersede any course of
performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement
may not be modified or amended other than by an agreement in writing.

          (h) No Participation in Severance Plans. Except as contemplated by this Agreement, Employee
acknowledges and agrees that the compensation and other benefits set forth in this Agreement are
and shall be in lieu of any compensation or other benefits that may otherwise be payable to or on
behalf of Employee pursuant to the terms of any severance pay arrangement of Employer or any
affiliate thereof, or any other similar arrangement of Employer or any affiliates thereof providing
for benefits upon involuntary termination of employment.

          (i) Paragraph Headings. The paragraph headings in this Agreement are for convenience only;
they form no part of this Agreement and shall not affect its interpretation.

          (j) Gender. Words used herein, regardless of the number and gender specifically used, shall
be deemed and construed to include any other number, singular or plural, and any other gender,
masculine, feminine, or neuter, as the context requires.

          (k) Number of Days. In computing the number of days for purposes of this Agreement, all days
shall be counted, including Saturdays, Sundays, and holidays; provided, however, that if the final
day of any time period falls on a Saturday, Sunday, or holiday, then the final day shall be deemed
to be the next day that is not a Saturday, Sunday, or holiday.

          (l) Specified Employee. Notwithstanding any provision of this Agreement to the contrary, if
Employee is a “specified employee” as defined in Section 409A of the Code, Employee shall not be
entitled to any payments or benefits the right to which provides for a “deferral of compensation”
within the meaning of Section 409A, and whose payment or provision is triggered by Employee’s
termination of employment (whether such payments or benefits are provided to Employee under this
Agreement or under any other plan, program or arrangement of the Employer), until (and any payments
or benefits suspended hereby shall be paid in a lump sum on) the earlier of
(i) the date which is the first business day following the six-month anniversary of Employee’s
“separation from service” (within the meaning of Section

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409A of the Code) for any reason other
than death or (ii) Employee’s date of death, and such payments or benefits that, if not for the
six-month delay described herein, would be due and payable prior to such date shall be made or
provided to Employee on such date. The Employer shall make the determination as to whether
Employee is a “specified employee” in good faith in accordance with its general procedures adopted
in accordance with Section 409A of the Code and, at the time of the Employee’s “separation of
service” will notify the Employee whether or not he is a “specified employee.”

          (m) Savings Clause. This Agreement is intended to satisfy the requirements of Section 409A of
the Code with respect to amounts subject thereto, and shall be interpreted and construed consistent
with such intent; provided that, notwithstanding the other provisions of this subsection and the
paragraph above entitled, “Specified Employee”, with respect to any right to a payment or benefit
hereunder (or portion thereof) that does not otherwise provide for a “deferral of compensation”
within the meaning of Section 409A of the Code, it is the intent of the parties that such payment
or benefit will not so provide. Furthermore, if either party notifies the other in writing that,
based on the advice of legal counsel, one or more of the provisions of this Agreement contravenes
any regulations or Treasury guidance promulgated under Section 409A of the Code or causes any
amounts to be subject to interest or penalties under Section 409A of the Code, the parties shall
promptly and reasonably consult with each other (and with their legal counsel), and shall use their
reasonable best efforts, to reform the provisions hereof to (a) maintain to the maximum extent
practicable the original intent of the applicable provisions without violating the provisions of
Section 409A of the Code or increasing the costs to the Employer of providing the applicable
benefit or payment and (b) to the extent practicable, to avoid the imposition of any tax, interest
or other penalties under Section 409A of the Code upon Employee or the Employer.

          (n) Reimbursements. Except as expressly provided otherwise herein, no reimbursement payable
to Employee pursuant to any provisions of this Agreement or pursuant to any plan or arrangement of
Employer shall be paid later than the last day of the calendar year following the calendar year in
which the related expense was incurred, and no such reimbursement during any calendar year shall
affect the amounts eligible for reimbursement in any other calendar year, except, in each case, to
the extent that the right to reimbursement does not provide for a “deferral of compensation” within
the meaning of Section 409A.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	SMITH & WESSON HOLDING CORPORATION

 	 
	 	By:  	/s/ Michael F. Golden
 	 
	 	 	Michael Golden 	 
	 	 	President and Chief Executive Officer 	 
	 
	 	 	                                                      /s/ P. James Debney
 	 
	 	 	P. James Debney 	 
	 	 	 	 
	 

8exv4w14

Exhibit 4.14

ADMINISTRATION EXPENSES AGREEMENT

between

PAMODZI GOLD FREE STATE (PROPRIETARY) LIMITED (IN PROVISIONAL

LIQUIDATION)

and

HARMONY GOLD MINING COMPANY LIMITED

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 

	 	1	 	 	PARTIES

	 	 	1	 
	 	2	 	 	INTERPRETATION

	 	 	1	 
	 	3	 	 	INTRODUCTION

	 	 	5	 
	 	4	 	 	CARE AND MAINTENANCE COSTS

	 	 	5	 
	 	5	 	 	CARE AND MAINTENANCE REPORTS AND RECORDS

	 	 	6	 
	 	6	 	 	WARRANTIES

	 	 	7	 
	 	7	 	 	EMBARGO

	 	 	8	 
	 	8	 	 	CONFIDENTIALITY

	 	 	9	 
	 	9	 	 	PUBLICITY

	 	 	11	 
	 	10	 	 	SUPPORT

	 	 	11	 
	 	11	 	 	BREACH

	 	 	12	 
	 	12	 	 	NOTICES AND DOMICILIA

	 	 	12	 
	 	13	 	 	BENEFIT OF THE AGREEMENT

	 	 	14	 
	 	14	 	 	APPLICABLE LAW AND JURISDICTION

	 	 	14	 
	 	15	 	 	GENERAL

	 	 	14	 
	 	16	 	 	COSTS

	 	 	15	 
	 	17	 	 	SIGNATURE

	 	 	16	 

ANNEXURE

ANNEXURE “1” : CARE AND MAINTENANCE BUDGET

					
	 	 	 	 	 
	 
	 	
	 	

 

 

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WHEREBY THE PARTIES AGREE AS FOLLOWS —

	1	 	PARTIES

	1.1	 	Pamodzi Gold Free State (Proprietary) Limited (in provisional liquidation); and
	 
	1.2	 	Harmony Gold Mining Company Limited.

	2	 	INTERPRETATION

	2.1	 	In this Agreement —

	2.1.1	 	clause headings are for convenience only and are not to be used in its interpretation;
	 
	2.1.2	 	an expression which denotes —

	2.1.2.1	 	any gender includes the other genders;
	 
	2.1.2.2	 	a natural person includes a juristic person and vice versa; and
	 
	2.1.2.3	 	the singular includes the plural and vice versa.

	2.2	 	In this Agreement, unless the context indicates a contrary intention, the following words
and expressions bear the meanings assigned to them and cognate expressions bear corresponding
meanings —

	2.2.1	 	“Administration Expense” means the costs, charges and expenses for and incidental to the
administration of the Seller, which shall constitute a cost of the liquidation of the Seller;
	 
	2.2.2	 	“Agreement” means this administration expenses agreement;
	 
	2.2.3	 	“Business” means the gold mining, processing and related business carried on by the Seller
under the name and style of “President Steyn Gold Mine” prior to the Signature Date, which
business included the operation of the Steyn Shafts and all the assets owned by the Seller
and used in or in connection with the Business;
	 
	2.2.4	 	“Care and Maintenance” means all care and maintenance reasonably necessary in respect of
the assets owned by the Seller and used in or in connection with the Business which shall
include, inter alia —

					
	 	 	 	 	 
	 
	 	
	 	

 

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	2.2.4.1	 	the continuation of all water pumping activities in Steyn 1 Shaft so as to ensure that the
54.5 level pump station, and all pump stations at any level higher than 54.5 level, remain
dry and fully operational;
	 
	2.2.4.2	 	the continuation of all water pumping activities at Steyn 9 Shaft (previously known as
Freddies 9 Shaft) so as to ensure that there is no build-up of water in the shaft;
	 
	2.2.4.3	 	the continuation of the dewatering of Steyn 3 Shaft (previously known as Loraine 3 Shaft)
between 71 and 75 level, so as to allow for the future recommissioning of the pump station at
74 level;
	 
	2.2.4.4	 	the continuation of all water pumping activities so as to ensure that the water level in
Steyn 3 Shaft (previously known as Loraine 3 Shaft) is maintained below the 73 level station
footwall; and
	 
	2.2.4.5	 	the provision of all necessary security services to ensure that all the assets owned by
the Seller and used in or in connection with the Business are secure and cannot be accessed
by unauthorised persons;

	2.2.5	 	“Care and Maintenance Costs” means all costs incurred by or on behalf of the Seller in
respect of the Care and Maintenance;
	 
	2.2.6	 	“Companies Act” means the Companies Act, 1973;
	 
	2.2.7	 	“Insolvency Act” means the Insolvency Act, 1936;
	 
	2.2.8	 	“Liquidators” means the provisional liquidators of the Seller being Allan David Pellow,
Barend Peterson, Deon Marius Botha, Enver Mohammed Motala, Gavin Cecil Gainsford and Johan
Engelbrecht;
	 
	2.2.9	 	“Parties” means the parties to this Agreement;
	 
	2.2.10	 	“Plant Sale Agreement” means a written agreement entered or to be entered into between the
Purchaser and the Seller in terms of which the Purchaser acquires the gold processing plant
owned by the Seller and known as the “PSGM Plant” and its associated assets;
	 
	2.2.11	 	“Purchaser” means Harmony Gold Mining Company Limited, registration number 1950/038232/06,
a limited liability public company duly incorporated in the Republic of South Africa;

					
	 	 	 	 	 
	 
	 	
	 	

 

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	2.2.12	 	“Seller” means Pamodzi Gold Free State (Proprietary) Limited (in provisional liquidation),
registration number 1998/019764/07, a limited liability private company duly incorporated in
the Republic of South Africa, herein duly represented by the Liquidators;
	 
	2.2.13	 	“Seller’s Designated Account” means the bank account nominated by the Seller, the details
of which are set out below, or such other account as the Seller may designate in writing on
5 (five) business days notice to the Purchaser —

	 	 	 	 	 

	Name of Account:

	 	Absa Bank Limited

	Bank:

	 	Pamodzi Gold Free State (Pty) Ltd (In Liquidation)

	Branch:

	 	Auckland Park

	Branch Code:

	 	632005
	Account Number:

	 	407 451 2528

	2.2.14	 	“Signature Date” means the date of signature of this Agreement by the Party last signing;
	 
	2.2.15	 	“Steyn Shafts” means the gold mines known as Steyn 1 Shaft, Steyn 2 Shaft, Steyn 3 Shaft
(previously known as Loraine 3 Shaft), Steyn 7 Shaft (previously known as Freddies 7 Shaft)
and Steyn 9 Shaft (previously known as Freddies 9 Shaft) and the ventilation shafts known as
Steyn 1A Shaft, Steyn 4 Shaft (previously known as Loraine 4 Shaft), and Steyn 8 Shaft
(previously known as Freddies 8 Shaft); and
	 
	2.2.16	 	“Waste Rock Dump Sale Agreement” means a written agreement entered or to be entered into
between the Seller and the Purchaser in terms of which the Purchaser acquires the waste rock
dump known as the “Freddies 9 Shaft Waste Rock Dump” from the Seller.

	2.3	 	Any substantive provision, conferring rights or imposing obligations on a Party and
appearing in any of the definitions in this clause 1 or elsewhere in this Agreement, shall
be given effect to as if it were a substantive provision in the body of the Agreement.
	 
	2.4	 	Words and expressions defined in any clause shall, unless the application of any such word
or expression is specifically limited to that clause, bear the meaning assigned to such
word or expression throughout this Agreement.

					
	 	 	 	 	 
	 
	 	
	 	

 

4

	2.5	 	Subject to clauses 2.6, 2.8 and 2.16, 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.
	 
	2.6	 	The terms “holding company” and “subsidiary” shall bear the meanings assigned thereto in the Companies Act.
	 
	2.7	 	A reference to any statutory enactment shall be construed as a reference to that enactment
as at the Signature Date and as amended or substituted from time to time.
	 
	2.8	 	Reference to “days” shall be construed as calendar days unless qualified by the word
“business”, in which instance a “business day” will be any day other than a Saturday, Sunday
or public holiday as gazetted by the government of the Republic of South Africa from time to
time. Any reference to “business hours” shall be construed as being the hours between 08h30
and 17h00 on any business day. Any reference to time shall be based upon South African
Standard Time.
	 
	2.9	 	Unless specifically otherwise provided, any number of days prescribed shall be determined
by excluding the first and including the last day or, where the last day falls on a day that
is not a business day, the next succeeding business day.
	 
	2.10	 	Where figures are referred to in numerals and in words, and there is any conflict between
the two, the words shall prevail, unless the context indicates a contrary intention.
	 
	2.11	 	No provision herein shall be construed against or interpreted to the disadvantage of a
Party by reason of such Party having or being deemed to have structured, drafted or
introduced such provision.
	 
	2.12	 	The Parties, unless specifically otherwise provided, shall be deemed to be contracting as
principals and not as agents.
	 
	2.13	 	The expiration or termination of this Agreement shall not affect such of the provisions of
this Agreement as expressly provide that they will 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.

					
	 	 	 	 	 
	 
	 	
	 	

 

5

	2.14	 	The words “include” and “including” mean “include without limitation” and “including
without limitation”. The use of the words “include” and “including” followed by a specific
example or examples shall not be construed as limiting the meaning of the general wording
preceding it.
	 
	2.15	 	Any reference in this Agreement to “this Agreement” or any other agreement or document
shall be construed as a reference to this Agreement or, as the case may be, such other
agreement or document, as amended, varied, novated or supplemented from time to time.
	 
	2.16	 	In this Agreement the words “clause” or “clauses” refer to clauses of this Agreement.

	3	 	INTRODUCTION

	3.1	 	The Purchaser has agreed to pay an amount of R5,000,000 (five million rand) to the Seller
on the terms and conditions herein contained.
	 
	3.2	 	The Parties wish to record in writing their agreement in respect of the above and matters
ancillary thereto.

	4	 	CARE AND MAINTENANCE COSTS

	4.1	 	The Purchaser undertakes to pay the sum of R5,000,000 (five million rand) into the Seller’s
Designated Account by 17h00 on the business day immediately subsequent to the Signature
Date.
	 
	4.2	 	The Seller undertakes to use the amount paid to it in terms of clause 4.1 exclusively to
pay the costs and expenses in respect of the Care and Maintenance as specifically provided
in the budget annexed hereto as annexure “1”, as may be amended by written agreement between
the Parties from time to time (“Budget”).
	 
	4.3	 	Subject to the provisions of clauses 4.5 and 4.6, the Budget shall be reviewed by the
Parties on a monthly basis and no amendments shall be made to the Budget unless they have
been agreed to in writing by the Parties.
	 
	4.4	 	Notwithstanding the provisions of clause 4.2, if the Seller wishes to utilise all or any
portion of the amount paid to it in terms of clause 4.1 to pay any cost or expense which is
not specifically provided in the Budget, it shall be entitled to do so provided that it has
obtained the prior written consent of an

					
	 	 	 	 	 
	 
	 	
	 	

 

6

	 	 	employee nominated by the Purchaser, which consent shall not be unreasonably withheld
or delayed.
	 
	4.5	 	The Seller undertakes to notify the Purchaser in writing as soon as it becomes aware of,
but in any event by not later than 2 (two) business days prior to, any anticipated cost or
expense that has not been provided for in the Budget, in order to ensure that the Purchaser
has sufficient time to consider the relevant anticipated cost or expense.
	 
	4.6	 	Should the Seller be required to pay any cost or expense out of the amount paid to it in
terms of clause 4.1 that have not been provided for in the Budget on an urgent basis,
including in respect of any —

	4.6.1	 	unforeseen Care and Maintenance;
	 
	4.6.2	 	material breakdown of any of the assets owned by the Seller and used in or in connection
with the Business; and/or
	 
	4.6.3	 	other emergency situation,

	 	 	it shall be entitled to do so provided that it has obtained the prior verbal consent
of an employee nominated by the Purchaser, which consent shall not be unreasonably
withheld or delayed.
	 
	4.7	 	In the event that either the Plant Sale Agreement or the Waste Rock Dump Sale Agreement is
not entered into or, if entered into, fails to become unconditional by 20 November 2009 (or
such later date as may be agreed by the parties to those agreements), the amount of
R5,000,000 (five million rand) paid by the Purchaser to the Seller in terms of clause 4.1
will constitute an Administration Expense and will be refunded by the Seller to the
Purchaser in accordance with the provisions of the Companies Act and the Insolvency Act.

	5	 	CARE AND MAINTENANCE REPORTS AND RECORDS
	 
	 	 	The Seller undertakes to —

	5.1	 	maintain full and complete records of all Care and Maintenance undertaken
by it and all Care and Maintenance Costs, as well as all other costs or expenses
incurred by the Seller in terms of the provisions of clause 4 and paid out of the
amount paid to it in terms of clause 4.1 from time to time, to

					
	 	 	 	 	 
	 
	 	
	 	

 

7

	 	 	which the Purchaser shall be given full access to in order to inspect, copy and/or audit
such records; and
	 
	5.2	 	provide the Purchaser with —

	5.2.1	 	reconciliation statements, which statements shall contain full details of all Care and
Maintenance Costs incurred by the Seller;
	 
	5.2.2	 	a detailed summary of all costs or expenses incurred by the Seller in terms of the
provisions of clause 4, together with the opening and closing balances of the Seller’s
Designated Account in respect of the relevant week; and
	 
	5.2.3	 	with a full report of the steps taken by the Seller in pursuance of the conduct of the
Care and Maintenance, stating the activities that have been undertaken and the extent to
which such activities have been undertaken.

	 	 	by no later than the end of each week following the Signature Date.

	6	 	WARRANTIES

	6.1	 	Each of the Parties hereby warrants to and in favour of the other that —

	6.1.1	 	it has the legal capacity and has taken all necessary corporate action required to empower
and authorise it to enter into this Agreement;
	 
	6.1.2	 	this Agreement constitutes an agreement valid and binding on it and enforceable against it
in accordance with its terms;
	 
	6.1.3	 	the execution of this Agreement and the performance of its obligations hereunder does not
and shall not —

	6.1.3.1	 	contravene any law or regulation to which that Party is subject;
	 
	6.1.3.2	 	contravene any provision of that Party’s constitutional documents; or
	 
	6.1.3.3	 	conflict with, or constitute a breach of any of the provisions of any other agreement,
obligation, restriction or undertaking which is binding on it.

	6.2	 	Each of the representations and warranties given by the Parties in terms of clause 6, shall —

					
	 	 	 	 	 
	 
	 	
	 	

 

8

	6.2.1	 	be a separate warranty and will in no way be limited or restricted by inference from
the terms of any other warranty or by any other words in this Agreement;
	 
	6.2.2	 	prime facie be deemed to be material and to be a material representation inducing the other
Party to enter into this Agreement.
	 
	6.2.3	 	be given as at the Signature Date;
	 
	6.2.4	 	continue and remain in force notwithstanding the completion of any or all the transactions
contemplated in this Agreement; and
	 
	6.2.5	 	continue and remain in force notwithstanding the payment of the Care and Maintenance
Costs.

	6.3	 	It is recorded that the Purchaser has entered into this Agreement on the strength of the
warranties and on the basis that the warranties will be correct on the Signature Date.
	 
	6.4	 	Save for those warranties and representations expressly given or made in this Agreement, no
warranties or representations are given or made, in respect of the Business, or any other
matter whatsoever, whether express, tacit or implied.

	7	 	EMBARGO
	 
	 	 	The Seller undertakes that during the period from the Signature Date until the earlier of —

	7.1	 	the Plant Sale Agreement and the Waste Rock Dump Sale Agreement being entered into; and
	 
	7.2	 	the date specified in clause 4.7,

	 	 	it will not enter into any negotiation with, or seek to solicit any interest from, any
third party in relation to the sale of all or any part of the assets owned by the Seller
and used in or in connection with the Business, whether directly or indirectly.

					
	 	 	 	 	 
	 
	 	
	 	

 

9

	8	 	CONFIDENTIALITY

	8.1	 	The Parties undertake that during the operation of, and after the expiration,
termination or cancellation of, this Agreement for any reason, they will keep
confidential —

	8.1.1	 	any information which a Party (“Disclosing Party”) communicates to the other Party
(“Recipient”) and which is stated to be or by its nature is intended to be confidential;
	 
	8.1.2	 	all other information of the same confidential nature concerning the Business or the
business of a Disclosing Party which comes to the knowledge of the Recipient whilst it is
engaged in negotiating the terms of this Agreement or after its conclusion, including —

	8.1.2.1	 	details of the Disclosing Party’s financial structures and operating results; and
	 
	8.1.2.2	 	details of the Disclosing Party’s strategic objectives and planning.

	8.2	 	If a Recipient is uncertain about whether any information is to be treated as confidential
in terms of this clause 8, it shall be obliged to treat it as such until written clearance
is obtained from the Disclosing Party.
	 
	8.3	 	Each Party undertakes, subject to clause 8.4, not to disclose any information which is to
be kept confidential in terms of this clause 8, nor to use such information for its own or
anyone else’s benefit.
	 
	8.4	 	Notwithstanding the provisions of clause 8.3, a Recipient shall be entitled to disclose any
information to be kept confidential if and to the extent only that the disclosure is bona
fide and necessary for the purposes of carrying out its duties in terms of this Agreement.
	 
	8.5	 	The obligation of confidentiality placed on the Parties in terms of this clause 8 shall
cease to apply to a Recipient in respect of any information which —

	8.5.1	 	is or becomes generally available to the public other than by the
negligence or default of the Recipient or by the breach of this Agreement by the
Recipient;

					
	 	 	 	 	 
	 
	 	
	 	

 

10

	8.5.2	 	the Disclosing Party confirms in writing is disclosed on a non-confidential basis;
	 
	8.5.3	 	has lawfully become known by or come into the possession of the Recipient on a
non-confidential basis from a source other than the Disclosing Party having the legal right
to disclose same, provided that such knowledge or possession is evidenced by the written
records of the Recipient existing at the Signature Date; or
	 
	8.5.4	 	is disclosed pursuant to a requirement or request by operation of law, regulation or court
order, to the extent of compliance with such requirement or request only and not for any
other purpose,

	 	 	provided that —

	8.5.5	 	the onus shall at all times rest on the Recipient to establish that information falls
within the exclusions set out in clauses 8.5.1 to 8.5.4;
	 
	8.5.6	 	information will not be deemed to be within the foregoing exclusions merely because such
information is embraced by more general information in the public domain or in the
Recipient’s possession; and
	 
	8.5.7	 	any combination of features will not be deemed to be within the foregoing exclusions
merely because individual features are in the public domain or in the Recipient’s
possession, but only if the combination itself and its principle of operation are in the
public domain or in the Recipient’s possession.

	8.6	 	In the event that the Recipient is required to disclose confidential information of the
Disclosing Party as contemplated in clause 8.5.4, the Recipient will —

	8.6.1	 	advise the Disclosing Party thereof in writing prior to disclosure, if possible;
	 
	8.6.2	 	take such steps to limit the disclosure to the minimum extent required to satisfy such
requirement and to the extent that it lawfully and reasonably can;
	 
	8.6.3	 	afford the Disclosing Party a reasonable opportunity, if possible, to intervene in the
proceedings;

					
	 	 	 	 	 
	 
	 	
	 	

 

11

	8.6.4	 	comply with the Disclosing Party’s reasonable requests as to the manner and terms of any
such disclosure; and
	 
	8.6.5	 	notify the Disclosing Party of the recipient of, and the form and extent of, any such
disclosure or announcement immediately after it is made.

	9	 	PUBLICITY

	9.1	 	Subject to clause 9.3, each Party undertakes to keep confidential and not to disclose to any
third party, save as may be required in law (including, where applicable, by the rules of any
securities exchange on which the shares of either of the Parties, or the shares of a holding
company of either of the Parties, may be listed) or permitted in terms of this Agreement, the
nature, content or existence of this Agreement.
	 
	9.2	 	No announcements of any nature whatsoever will be made by or on behalf of a Party relating
to this Agreement without the prior written consent of the other Party, save for any
announcement or other statement required to be made in terms of the provisions of any law
(or, where applicable, by the rules of any securities exchange on which the shares of either
of the Parties, or the shares of a holding company of either of the Parties, may be listed),
in which event the Party obliged to make such statement will first consult with the other
Party in order to enable them in good faith to attempt to agree the content of such
announcement, which (unless agreed) must go no further than is required in terms of such law
or rules. This will not apply to a Party wishing to respond to the other Party which has made
an announcement of some nature in breach of this clause.
	 
	9.3	 	This clause 9 shall not apply to any disclosure made by a Party to its professional
advisors or consultants, provided that they have agreed to the same confidentiality
undertakings, or to any judicial or arbitral tribunal or officer, in connection with any
matter relating to this Agreement or arising out of it.

	10	 	SUPPORT
	 
	 	 	The Parties undertake at all times to do all such things, perform all such actions and take
all such steps and to procure the doing of all such things, the performance of all such
actions and the taking of all such steps as may be open to them and necessary for or
incidental to the putting into effect or

					
	 	 	 	 	 
	 
	 	
	 	

 

12

	 	 	maintenance of the terms, conditions and/or import of this Agreement.
	 
	11	 	BREACH

	11.1	 	If a Party (“Defaulting Party”) commits any breach of this Agreement and
fails to remedy such breach within 2 (two) business days (“Notice Period”)
of written notice requiring the breach to be remedied, then the Party giving
the notice (“Aggrieved Party”) will be entitled, at its option to —

	11.1.1	 	claim immediate specific performance of all or any of the Defaulting Party’s
obligations under this Agreement, with or without claiming damages, whether or not
such obligation has fallen due for performance; or
	 
	11.1.2	 	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.

	11.2	 	It is agreed that a breach of any of the Related Agreements by any of the
parties to those agreements and failure to remedy such breach within the
relevant time period shall ipso facto constitute a breach of this Agreement
entitling either Party to exercise the rights set out in this clause 11,
provided that the Party exercising such rights is not the party which is in
breach of the relevant Related Agreement.

	12	 	NOTICES AND DOMICILIA

	12.1	 	The Parties select as their respective domicilia citandi et executandi the following
physical addresses, and for the purposes of giving or sending any notice provided for
or required under this Agreement, the said physical addresses as well as the
following telefax numbers —

	 	 	 	 	 
	Name	 	Physical Address	 	Telefax
	Seller

	 	c/o Knowles Husain
 Lindsay Attorneys

4th Floor, The Forum

2 Maude Street

Sandown, Sandton
 Republic of
South Africa
	 	+27 1 1 669 6299

	 	 	Marked for the attention of: Ian Lindsay

					
	 	 	 	 	 
	 
	 	
	 	

 

13

	 	 	 	 	 
	Name	 	Physical Address	 	Telefax
	Purchaser

	 	Block 27

Randfontein Office Park

Corner Main Reef Road &

Ward Avenue

Randfontein

Republic of South Africa
	 	+27 11 684 0188

	 	 	Marked for the attention of: The Company Secretary
	 
	 	 	provided that a Party may change its domicilium or its address for the purposes
of notices to any other physical address or telefax number in the Republic of
South Africa by written notice to the other Party to that effect. Such change of
address will be effective 5 (five) business days after receipt of the notice of
the change.
	 
	12.2	 	All notices to be given in terms of this Agreement will be given in writing, in
English, and will —

	12.2.1	 	be delivered by hand or sent by telefax;
	 
	12.2.2	 	if delivered by hand during business hours, be presumed to have been received on
the date of delivery. Any notice delivered after business hours or on a day which is
not a business day will be presumed to have been received on the following business
day; and
	 
	12.2.3	 	if sent by telefax during business hours, be presumed to have been received on the
date of successful transmission of the telefax. Any telefax sent after business
hours or on a day which is not a business day will be presumed to have been received
on the following business day.

	12.3	 	Notwithstanding the above, any notice given in writing in English, and actually
received by the Party to whom the notice is addressed, will be deemed to have been
properly given and received, notwithstanding that such notice has not been given in
accordance with this clause.
	 
	12.4	 	The Parties record that whilst they may correspond via email during the currency
of this Agreement for operational reasons, no formal notice required in terms of
this Agreement, nor any amendment of or variation to this Agreement may be given or
concluded via email.

					
	 	 	 	 	 
	 
	 	
	 	

 

14

	13	 	BENEFIT OF THE AGREEMENT
	 
	 	 	This Agreement will also be for the benefit of and be binding upon the successors in title
and permitted assigns of the Parties or either of them.
	 
	14	 	APPLICABLE LAW AND JURISDICTION

	14.1	 	This Agreement will in all respects be governed by and construed under the laws of the
Republic of South Africa.
	 
	14.2	 	The Parties hereby consent and submit to the non-exclusive jurisdiction of the North Gauteng
High Court, Pretoria in any dispute arising from or in connection with this Agreement. The
Parties agree that any costs awarded will be recoverable on an attorney-and-own-client scale
unless the Court specifically determines that such scale shall not apply, in which event,
subject to any specific determination by the Court, the costs will be recoverable in
accordance with the High Court tariff, determined on an attorney-and-client scale.

	15	 	GENERAL

	15.1	 	This Agreement constitutes the whole of the agreement between the Parties relating to the
matters dealt with herein and, save to the extent otherwise provided herein, no undertaking,
representation, term or condition relating to the subject matter of this Agreement not
incorporated in this Agreement shall be binding on either of the Parties.
	 
	15.2	 	No addition to or variation, deletion, or agreed cancellation of all or any clauses or
provisions of this Agreement will be of any force or effect unless in writing and signed by
the Parties.
	 
	15.3	 	No waiver of any of the terms and conditions of this Agreement will be binding or effectual
for any purpose unless in writing and signed by the Party giving the same. Any such waiver
will be effective only in the specific instance and for the purpose given. Failure or delay
on the part of either Party in exercising any right, power or privilege hereunder will not
constitute or be deemed to be a waiver thereof, nor will any single or partial exercise of
any right, power or privilege preclude any other or further exercise thereof or the exercise
of any other right, power or privilege.
	 
	15.4	 	All provisions and the various clauses of this Agreement are,

					
	 	 	 	 	 
	 
	 	
	 	

 

15

	 	 	notwithstanding the manner in which they have been grouped together or linked
grammatically, severable from each other. Any provision or clause of this Agreement
which is or becomes unenforceable in any jurisdiction, whether due to voidness,
invalidity, illegality, unlawfulness or for any other reason whatever, shall, in such
jurisdiction only and only to the extent that it is so unenforceable, be treated as pro
non scripto and the remaining provisions and clauses of this Agreement shall remain of
full force and effect. The Parties declare that it is their intention that this
Agreement would be executed without such unenforceable provision if they were aware of
such unenforceability at the time of execution hereof.
	 
	15.5	 	Neither this Agreement nor any part, share or interest herein nor any rights or obligations
hereunder may be ceded, delegated or assigned by either Party without the prior written
consent of the other Party, save as otherwise provided herein.
	 
	15.6	 	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.

	16	 	COSTS
	 
	 	 	Each Party will bear and pay its own legal costs and expenses of and incidental to the
negotiation, drafting, preparation and implementation of this Agreement.

					
	 	 	 	 	 
	 
	 	
	 	

 

	17	 	SIGNATURE
	 
	 	 	Signed on behalf of the Parties, each signatory hereto warranting that he/she has due
authority to do so.

SIGNED at
ROSEBANK on 7TH AUGUST 2009

	 	 	 	 	 
	 	For and on behalf of

PAMODZI GOLD FREE STATE
 (PROPRIETARY)
LIMITED (IN
 PROVISIONAL LIQUIDATION)

 	 
	 	
 	 
	 	Signature 	 
	 	

ENVER MOHAMED MOTALA

Name of Signatory

Joint Provisional Liquidator Duly Authorised

Designation of Signatory 	 
	 

SIGNED at SANDTON on 6TH AUGUST 2009

	 	 	 	 	 
	 	For and on behalf of

HARMONY GOLD MINING COMPANY

LIMITED

 	 
	 	
 	 
	 	Signature 	 
	 	

R.A.L. Atkinson

Name of Signatory

Executive

Designation of Signatory 	 
	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

ANNEXURE “1”

CARE AND MAINTENANCE BUDGET

SUMMARY

	 	 	 	 	 	 	 	 	 
	 	 	AUGUST	 	SEPTEMBER
	 	 	BUDGET	 	BUDGET
	1 SHAFT
	 	 	188,000.00	 	 	 	181,000.00	 
	1A VENT
	 	 	 	 	 	 	 	 
	2 SHAFT
	 	 	38,000.00	 	 	 	38,000.00	 
	3 SHAFT
	 	 	430,000.00	 	 	 	290,000.00	 
	9 SHAFT
	 	 	180,000.00	 	 	 	180,000.00	 
	WORKSHOP
	 	 	64,000.00	 	 	 	64,000.00	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	TOTAL CONSUMABLES
	 	 	900,000.00	 	 	 	753,000.00	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	POWER & WATER
	 	 	2,690,449.00	 	 	 	1,714,269.40	 
	 
	 	 	 	 	 	 	 	 
	CORPORATE COSTS
	 	 	175,000.00	 	 	 	175,000.00	 
	 
	 	 	 	 	 	 	 	 
	HEALTH SHARE
	 	 	200,000.00	 	 	 	200,000.00	 
	 
	 	 	 	 	 	 	 	 
	PROTEA SECURITY
	 	 	414,775.00	 	 	 	414,775.00	 
	 
	 	 	 	 	 	 	 	 
	LABOUR
	 	 	3,985,252.58	 	 	 	3,985,252.58	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	TOTAL
	 	 	8,365,476.58	 	 	 	7,242,296.98	 
	 
	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

CARE AND MAINTENANCE MONTHLY BUDGET (1 SHAFT)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	TOTAL	 	 	 	 
	JULY	 	1 SHAFT	 	 	1# GL-account	 	 	SPENT	 	 	BALANCE	 
	C5 Pump spares
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM01	 	 	—	 	 	 	30,000.00	 
	Submersible Pump
	 	 	12,000.00	 	 	PGFS/CAMA/1000/ENGE/CM02	 	 	—	 	 	 	12,000.00	 
	Compressor Motor
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM03	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM04	 	 	—	 	 	 	—	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM05	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM06	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM07	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	20,000.00	 	 	PGFS/CAMA/1000/ENGE/CM08	 	 	—	 	 	 	20,000.00	 
	Small Motor Repairs
	 	 	10,000.00	 	 	PGFS/CAMA/1000/ENGE/CM09	 	 	—	 	 	 	10,000.00	 
	Lubricants & Rope grease
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM10	 	 	—	 	 	 	—	 
	Chemicals
	 	 	10,000.00	 	 	PGFS/CAMA/1000/ENGE/CM11	 	 	—	 	 	 	10,000.00	 
	Gas
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM12	 	 	—	 	 	 	—	 
	Legals
	 	 	10,000.00	 	 	PGFS/CAMA/1000/ENGE/CM13	 	 	—	 	 	 	10,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	92,000.00	 	 	 	 	 	 	 	—	 	 	 	92,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AUGUST	 	1 SHAFT	 	 	1# GL-account	 	 	 	 	 	 	BALANCE	 
	C5 Pump spares
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM01	 	 	—	 	 	 	30,000.00	 
	Submersible Pump
	 	 	12,000.00	 	 	PGFS/CAMA/1000/ENGE/CM02	 	 	—	 	 	 	12,000.00	 
	Compressor Motor
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM03	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	15,000.00	 	 	PGFS/CAMA/1000/ENGE/CM04	 	 	—	 	 	 	15,000.00	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM05	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM06	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM07	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	32,000.00	 	 	PGFS/CAMA/1000/ENGE/CM08	 	 	—	 	 	 	32,000.00	 
	Small Motor Repairs
	 	 	25,000.00	 	 	PGFS/CAMA/1000/ENGE/CM09	 	 	—	 	 	 	25,000.00	 
	Lubricants & Rope grease
	 	 	15,000.00	 	 	PGFS/CAMA/1000/ENGE/CM10	 	 	—	 	 	 	15,000.00	 
	Chemicals
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM11	 	 	—	 	 	 	30,000.00	 
	Gas
	 	 	4,000.00	 	 	PGFS/CAMA/1000/ENGE/CM12	 	 	—	 	 	 	4,000.00	 
	Legals
	 	 	25,000.00	 	 	PGFS/CAMA/1000/ENGE/CM13	 	 	—	 	 	 	25,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	188,000.00	 	 	 	 	 	 	 	—	 	 	 	188,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEPTEMBER	 	1 SHAFT	 	 	1# GL-account	 	 	 	 	 	 	BALANCE	 
	C5 Pump spares
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM01	 	 	—	 	 	 	30,000.00	 
	Submersible Pump
	 	 	12,000.00	 	 	PGFS/CAMA/1000/ENGE/CM02	 	 	—	 	 	 	12,000.00	 
	Compressor Motor
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM03	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	15,000.00	 	 	PGFS/CAMA/1000/ENGE/CM04	 	 	—	 	 	 	15,000.00	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM05	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM06	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/1000/ENGE/CM07	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM08	 	 	—	 	 	 	30,000.00	 
	Small Motor Repairs
	 	 	25,000.00	 	 	PGFS/CAMA/1000/ENGE/CM09	 	 	—	 	 	 	25,000.00	 
	Lubricants & Rope grease
	 	 	15,000.00	 	 	PGFS/CAMA/1000/ENGE/CM10	 	 	—	 	 	 	15,000.00	 
	Chemicals
	 	 	30,000.00	 	 	PGFS/CAMA/1000/ENGE/CM11	 	 	—	 	 	 	30,000.00	 
	Gas
	 	 	4,000.00	 	 	PGFS/CAMA/1000/ENGE/CM12	 	 	—	 	 	 	4,000.00	 
	Legals
	 	 	20,000.00	 	 	PGFS/CAMA/1000/ENGE/CM13	 	 	—	 	 	 	20,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	181,000.00	 	 	 	 	 	 	 	—	 	 	 	181,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

CARE AND MAINTENANCE MONTHLY BUDGET (2 SHAFT)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	TOTAL	 	 	 	 
	JULY	 	2 SHAFT	 	 	2# GL-account	 	 	SPENT	 	 	BALANCE	 
	C5 Pump spares
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Submersible Pump
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Compressor Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM14	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM15	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM16	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM17	 	 	—	 	 	 	—	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM18	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	15,000.00	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	15,000.00	 
	Small Motor Repairs
	 	 	10,000.00	 	 	PGFS/CAMA/2000/ENGE/CM21	 	 	—	 	 	 	10,000.00	 
	Lubricants & Rope grease
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM22	 	 	—	 	 	 	—	 
	Chemicals
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM23	 	 	—	 	 	 	—	 
	Gas
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM24	 	 	—	 	 	 	—	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/2000/ENGE/CM25	 	 	—	 	 	 	13,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	38,000.00	 	 	 	 	 	 	 	—	 	 	 	38,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	OO =	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AUGUST	 	2 SHAFT	 	 	2# GL-account	 	 	 	 	 	 	BALANCE	 
	C5 Pump spares
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Submersible Pump
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Compressor Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM14	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM15	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM16	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM17	 	 	—	 	 	 	—	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM18	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	15,000.00	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	15.000.00	 
	Small Motor Repairs
	 	 	10,000.00	 	 	PGFS/CAMA/2000/ENGE/CM21	 	 	—	 	 	 	10,000.00	 
	Lubricants & Rope grease
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM22	 	 	—	 	 	 	—	 
	Chemicals
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM23	 	 	—	 	 	 	—	 
	Gas
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM24	 	 	—	 	 	 	—	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/2000/ENGE/CM25	 	 	—	 	 	 	13,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	38,000.00	 	 	 	 	 	 	 	—	 	 	 	38,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEPTEMBER	 	2 SHAFT	 	 	2# GL-account	 	 	 	 	 	 	BALANCE	 
	C5 Pump spares
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Submersible Pump
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Compressor Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM14	 	 	—	 	 	 	—	 
	Main Fan Motor
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM15	 	 	—	 	 	 	—	 
	Start Up BGE Comp
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM16	 	 	—	 	 	 	—	 
	Electrical Consumables
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM17	 	 	—	 	 	 	—	 
	Electrical Oil
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM18	 	 	—	 	 	 	—	 
	Replace Pipes in Incline #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Replace Pipes in Main #
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	—	 
	S2A Marshall repairs
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM19	 	 	—	 	 	 	—	 
	Mechanical Consumables
	 	 	15,000.00	 	 	PGFS/CAMA/2000/ENGE/CM20	 	 	—	 	 	 	15,000.00	 
	Small Motor Repairs
	 	 	10,000.00	 	 	PGFS/CAMA/2000/ENGE/CM21	 	 	—	 	 	 	10,000.00	 
	Lubricants & Rope grease
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM22	 	 	—	 	 	 	—	 
	Chemicals
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM23	 	 	—	 	 	 	—	 
	Gas
	 	 	 	 	 	PGFS/CAMA/2000/ENGE/CM24	 	 	—	 	 	 	—	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/2000/ENGE/CM25	 	 	—	 	 	 	13,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	38,000.00	 	 	 	 	 	 	 	—	 	 	 	38,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

CARE AND MAINTENANCE MONTHLY BUDGET (3 SHAFT)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	TOTAL	 	 	 
	JULY	 	 	 	 	 	 	 	 	 	SPENT	 	BALANCE	 
	Electrical Consumables
	 	R	47,000	 	 	PGFS/CAMA/3000/ENGE/CM55	 	 	—	 	 	 	47,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM56	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM57	 	 	—	 	 	 	35,000.00	 
	Water Treatment and Chemicals
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM58	 	 	—	 	 	 	20,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM59	 	 	—	 	 	 	20,000.00	 
	Diesel / Petrol 
	 	R	40,000	 	 	PGFS/CAMA/3000/ENGE/CM60	 	 	—	 	 	 	40,000.00	 
	Ventilation
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM61	 	 	—	 	 	 	35,000.00	 
	Hydrualics / Cylinder
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM62	 	 	—	 	 	 	—	 
	Gas / Welding
	 	R	7,000	 	 	PGFS/CAMA/3000/ENGE/CM63	 	 	—	 	 	 	7,000.00	 
	Pump Spares
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM64	 	 	—	 	 	 	135,000.00	 
	Mechanical Consumables
	 	R	30,000	 	 	PGFS/CAMA/3000/ENGE/CM65	 	 	—	 	 	 	30,000.00	 
	Legals
	 	R	18,500	 	 	PGFS/CAMA/3000/ENGE/CM66	 	 	—	 	 	 	18,500.00	 
	Tools and Equipment
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM67	 	 	—	 	 	 	20,000.00	 
	Bolts and Nuts
	 	R	7,500	 	 	PGFS/CAMA/3000/ENGE/CM68	 	 	—	 	 	 	7,500.00	 
	Small Motor Repairs
	 	R	15,000	 	 	PGFS/CAMA/3000/ENGE/CM69	 	 	—	 	 	 	15,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	R	290,000	 	 	 	 	 	 	 	—	 	 	 	290,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AUGUST	 	 	 	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	Electrical Consumables
	 	R	47,000	 	 	PGFS/CAMA/3000/ENGE/CM55	 	 	—	 	 	 	47,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM56	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM57	 	 	—	 	 	 	35,000.00	 
	Water Treatment and Chemicals
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM58	 	 	—	 	 	 	20,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM59	 	 	—	 	 	 	20,000.00	 
	Diesel / Petrol (Pump hire)
	 	R	40,000	 	 	PGFS/CAMA/3000/ENGE/CM60	 	 	—	 	 	 	40,000.00	 
	Ventilation
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM61	 	 	—	 	 	 	35,000.00	 
	Hydrualics / Cylinder
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM62	 	 	—	 	 	 	—	 
	Gas / Welding
	 	R	7,000	 	 	PGFS/CAMA/3000/ENGE/CM63	 	 	—	 	 	 	7,000.00	 
	Pump Spares & repairs
	 	R	135,000	 	 	PGFS/CAMA/3000/ENGE/CM64	 	 	—	 	 	 	135,000.00	 
	Mechanical Consumables
	 	R	30,000	 	 	PGFS/CAMA/3000/ENGE/CM65	 	 	—	 	 	 	30,000.00	 
	Legals
	 	R	18,500	 	 	PGFS/CAMA/3000/ENGE/CM66	 	 	—	 	 	 	18,500.00	 
	Tools and Equipment
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM67	 	 	—	 	 	 	20,000.00	 
	Bolts and Nuts
	 	R	7,500	 	 	PGFS/CAMA/3000/ENGE/CM68	 	 	—	 	 	 	7,500.00	 
	Small Motor Repairs
	 	R	15,000	 	 	PGFS/CAMA/3000/ENGE/CM69	 	 	—	 	 	 	15,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	R	430,000	 	 	 	 	 	 	 	—	 	 	 	430,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEPTEMBER	 	 	 	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	Electrical Consumables
	 	R	47,000	 	 	PGFS/CAMA/3000/ENGE/CM55	 	 	—	 	 	 	47,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM56	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM57	 	 	—	 	 	 	35,000.00	 
	Water Treatment and Chemicals
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM58	 	 	—	 	 	 	20,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM59	 	 	—	 	 	 	20,000.00	 
	Diesel / Petrol
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM60	 	 	—	 	 	 	—	 
	Ventilation
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM61	 	 	—	 	 	 	35,000.00	 
	Hydrualics / Cylinder
	 	 	 	 	 	PGFS/CAMA/3000/ENGE/CM62	 	 	—	 	 	 	—	 
	Gas / Welding
	 	R	7,000	 	 	PGFS/CAMA/3000/ENGE/CM63	 	 	—	 	 	 	7,000.00	 
	Pump Spares
	 	R	35,000	 	 	PGFS/CAMA/3000/ENGE/CM64	 	 	—	 	 	 	35,000.00	 
	Mechanical Consumables
	 	R	30,000	 	 	PGFS/CAMA/3000/ENGE/CM65	 	 	—	 	 	 	30,000.00	 
	Legals
	 	R	18,500	 	 	PGFS/CAMA/3000/ENGE/CM66	 	 	—	 	 	 	18,500.00	 
	Tools and Equipment
	 	R	20,000	 	 	PGFS/CAMA/3000/ENGE/CM67	 	 	—	 	 	 	20,000.00	 
	Bolts and Nuts
	 	R	7,500	 	 	PGFS/CAMA/3000/ENGE/CM68	 	 	—	 	 	 	7,500.00	 
	Small Motor Repairs
	 	R	15,000	 	 	PGFS/CAMA/3000/ENGE/CM69	 	 	—	 	 	 	15,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	R	290,000	 	 	 	 	 	 	 	—	 	 	 	290,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

CARE AND MAINTENANCE MONTHLY BUDGET (1 SHAFT)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	TOTAL	 	 	 	 
	JULY	 	BUDGET	 	 	 	 	 	 	SPENT	 	 	BALANCE	 
	Electrical Consumables
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM70	 	 	—	 	 	 	35,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM71	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	 	20,000.00	 	 	PGFS/CAMA/9000/ENGE/CM72	 	 	—	 	 	 	20,000.00	 
	Water Treatment and Chemicals
	 	 	15,000.00	 	 	PGFS/CAMA/9000/ENGE/CM73	 	 	—	 	 	 	15,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Diesel / Petrol
	 	 	1,500.00	 	 	PGFS/CAMA/9000/ENGE/CM74	 	 	—	 	 	 	1,500.00	 
	Ventilation
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Hydrualics / Cylinder
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Gas / Welding
	 	 	5,000.00	 	 	PGFS/CAMA/9000/ENGE/CM75	 	 	—	 	 	 	5,000.00	 
	Pump Spares
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM76	 	 	—	 	 	 	35,000.00	 
	Mechanical Consumables
	 	 	27,500.00	 	 	PGFS/CAMA/9000/ENGE/CM77	 	 	—	 	 	 	27,500.00	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/9000/ENGE/CM78	 	 	—	 	 	 	13,000.00	 
	Tools and Equipment
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Bolts and Nuts
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM79	 	 	—	 	 	 	—	 
	Safety & Health Equipment
	 	 	28,000.00	 	 	PGFS/CAMA/9000/ENGE/CM80	 	 	—	 	 	 	28,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	180,000.00	 	 	 	 	 	 	 	 	 	 	 	180,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AUGUST	 	BUDGET	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	Electrical Consumables
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM70	 	 	—	 	 	 	35,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM71	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	 	20,000.00	 	 	PGFS/CAMA/9000/ENGE/CM72	 	 	—	 	 	 	20,000.00	 
	Water Treatment and Chemicals
	 	 	15,000.00	 	 	PGFS/CAMA/9000/ENGE/CM73	 	 	—	 	 	 	15,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Diesel / Petrol
	 	 	1,500.00	 	 	PGFS/CAMA/9000/ENGE/CM74	 	 	—	 	 	 	1,500.00	 
	Ventilation
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Hydrualics / Cylinder
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Gas / Welding
	 	 	5,000.00	 	 	PGFS/CAMA/9000/ENGE/CM75	 	 	—	 	 	 	5,000.00	 
	Pump Spares
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM76	 	 	—	 	 	 	35,000.00	 
	Mechanical Consumables
	 	 	27,500.00	 	 	PGFS/CAMA/9000/ENGE/CM77	 	 	—	 	 	 	27,500.00	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/9000/ENGE/CM78	 	 	—	 	 	 	13,000.00	 
	Tools and Equipment
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Bolts and Nuts
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM79	 	 	—	 	 	 	—	 
	Safety & Health Equipment
	 	 	28,000.00	 	 	PGFS/CAMA/9000/ENGE/CM80	 	 	—	 	 	 	28,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	180,000.00	 	 	 	 	 	 	 	—	 	 	 	180,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEPTEMBER	 	BUDGET	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	Electrical Consumables
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM70	 	 	—	 	 	 	35,000.00	 
	Electrical — Services, oil, etc.
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM71	 	 	—	 	 	 	—	 
	Lubricants and Rope grease
	 	 	20,000.00	 	 	PGFS/CAMA/9000/ENGE/CM72	 	 	—	 	 	 	20,000.00	 
	Water Treatment and Chemicals
	 	 	15,000.00	 	 	PGFS/CAMA/9000/ENGE/CM73	 	 	—	 	 	 	15,000.00	 
	Pipes (Main Shaft/Sub Vertical)
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Diesel / Petrol
	 	 	1,500.00	 	 	PGFS/CAMA/9000/ENGE/CM74	 	 	—	 	 	 	1,500.00	 
	Ventilation
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Hydrualics / Cylinder
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Gas / Welding
	 	 	5,000.00	 	 	PGFS/CAMA/9000/ENGE/CM75	 	 	—	 	 	 	5,000.00	 
	Pump Spares
	 	 	35,000.00	 	 	PGFS/CAMA/9000/ENGE/CM76	 	 	—	 	 	 	35,000.00	 
	Mechanical Consumables
	 	 	27,500.00	 	 	PGFS/CAMA/9000/ENGE/CM77	 	 	—	 	 	 	27,500.00	 
	Legals
	 	 	13,000.00	 	 	PGFS/CAMA/9000/ENGE/CM78	 	 	—	 	 	 	13,000.00	 
	Tools and Equipment
	 	 	 	 	 	 	 	 	 	 	—	 	 	 	—	 
	Bolts and Nuts
	 	 	 	 	 	PGFS/CAMA/9000/ENGE/CM79	 	 	—	 	 	 	—	 
	Safety & Health Equipment
	 	 	28,000.00	 	 	PGFS/CAMA/9000/ENGE/CM80	 	 	—	 	 	 	28,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	180,000.00	 	 	 	 	 	 	 	—	 	 	 	180,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

LABOUR

	 	 	 	 	 	 	 	 	 
	JULY BUDGET	 	GROSS	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	HEAD OFFICE
	 	 	774,744.50	 	 	 	 	 
	PAYROLL 1
	 	 	1,959,467.99	 	 	 	 	 
	PAYROLL 2
	 	 	1,219,403.19	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	LABOUR
	 	 	3,953,615.68	 	 	BASED ON JUNE 2009 ACTUALS EXCLUDING 
CARE AND MAINTENANCE
	 
	 	 	 	 	 	 	 	 
	OTHER LABOUR RELATED
	 	 	 	 	 	 	 	 
	CIRCLE LABOUR (HOSTEL 3#)
	 	 	20,000.00	 	 	 	 	 
	AVZ LABOUR (LABOUR LAWYER)
	 	 	11,636.90	 	 	 	 	 
	HEALTH SHARE
	 	 	 	 	 	 	 	 
	HEALTH SHARE
	 	 	 	 	 	 	 	 
	DEATH CLAIMS
	 	 	 	 	 	 	 	 
	PROTEA SECURITY
	 	 	 	 	 	 	 	 
	PUBLIC HOLIDAY 16 JUNE
	 	 	 	 	 	 	 	 
	TRAINING
	 	 	 	 	 	 	 	 
	DR C WAGNER
	 	 	 	 	 	 	 	 
	TOTAL OTHER
	 	 	31,636.90	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	TOTAL LABOUR
	 	 	3,985,252.58	 	 	 	 	 

					
	 	 	 	 	 
	 
	 	
	 	

 

 

SURFACE WORK SHOP REQUIREMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	TOTAL	 	 	 	 
	JULY	 	 	 	 	 	 	 	 	 	SPENT	 	 	BALANCE	 
	LDV Repairs & Fuel
	 	 	20,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM26	 	 	—	 	 	 	20,000.00	 
	Consumables
	 	 	25,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM27	 	 	—	 	 	 	25,000.00	 
	Gas
	 	 	 	 	 	PGFS/CAMA/ADMI/WORK/CM28	 	 	—	 	 	 	—	 
	Pipes Replacement
	 	 	 	 	 	PGFS/CAMA/ADMI/WORK/CM29	 	 	—	 	 	 	—	 
	Pipe Clamps
	 	 	 	 	 	PGFS/CAMA/ADMI/WORK/CM30	 	 	—	 	 	 	—	 
	Plumming replacements
	 	 	12,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM31	 	 	—	 	 	 	12,000.00	 
	TOTAL
	 	 	57,000.00	 	 	 	 	 	 	 	—	 	 	 	57,000.00	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AUGUST	 	 	 	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	LDV Repairs & Fuel
	 	 	20,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM26	 	 	—	 	 	 	20,000.00	 
	Consumables
	 	 	25,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM27	 	 	—	 	 	 	25,000.00	 
	Gas
	 	 	3,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM28	 	 	—	 	 	 	3,000.00	 
	Pipes Replacement
	 	 	 	 	 	PGFS/CAMA/ADMI/WORK/CM29	 	 	—	 	 	 	—	 
	Pipe Clamps
	 	 	4,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM30	 	 	—	 	 	 	4,000.00	 
	Plumming replacements
	 	 	12,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM31	 	 	—	 	 	 	12,000.00	 
	TOTAL
	 	 	64,000.00	 	 	 	 	 	 	 	—	 	 	 	64,000.00	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEPTEMBER	 	 	 	 	 	 	 	 	 	 	 	 	 	BALANCE	 
	LDV Repairs & Fuel
	 	 	20,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM26	 	 	—	 	 	 	20,000.00	 
	Consumables
	 	 	25,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM27	 	 	—	 	 	 	25,000.00	 
	Gas
	 	 	3,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM28	 	 	—	 	 	 	3,000.00	 
	Pipes Replacement
	 	 	 	 	 	PGFS/CAMA/ADMI/WORK/CM29	 	 	—	 	 	 	—	 
	Pipe Clamps
	 	 	4,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM30	 	 	—	 	 	 	4,000.00	 
	Plumming replacements
	 	 	12,000.00	 	 	PGFS/CAMA/ADMI/WORK/CM31	 	 	—	 	 	 	12,000.00	 
	TOTAL
	 	 	64,000.00	 	 	 	 	 	 	 	—	 	 	 	64,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}]]