Document:

subscription
Agreement

 

dated 23 July
2012

 

regarding

 

SurePure
Investment Holding AG

Registration
Number: CH 170.3.031.335-8

 

made by and
among

 

TRINITY
ASSET MANAGEMENT (PROPRIETARY) LIMITED

Registration
Number: 1996/010864/07

 

and

 

XOptics (PTC)
Ltd.

(BVI Company
Number: 1451706)

 

And

 

SurePure
Investment Holding AG

Registration
Number: CH 170.3.031.335-8

 

    	1

    	 

    

 

Preamble

 

		A.	The Company
                                                          is organized in the form of a Swiss stock corporation (Aktiengesellschaft)
                                                          having its registered office at Dammstrasse 19, CH 6301, Zug, Switzerland,
                                                          Canton of Zug, Switzerland. As of the date of this Agreement, the Company
                                                          has an issued statutory nominal share capital in the amount of CHF 268,222.15
                                                          (in words: two hundred and sixty eight thousand and two hundred and
                                                          twenty-two Swiss francs and fifteen cents), which is divided into 26,822,215
                                                          common bearer shares with a nominal value of CHF 0.01 per share
                                                          (such category of shares hereinafter referred to as Common Shares),
                                                          each fully paid-in.

 

		B.	The Principal
                                                          Shareholder has been the principal shareholder of the Company since
                                                          its inception in 2007 and beneficially owns 17,737,658 (in words: seventeen
                                                          million seven hundred thirty seven six hundred fifty eight) Common Shares.

 

		C.	The Company
                                                          is a holding company of a group of companies active in the design, development,
                                                          manufacture, marketing and distribution of proprietary systems for the
                                                          purification and other treatment of certain liquids (the Business).

			

		D.	The
                                                                                            Investor is a Private Company (Pty
                                                                                            Ltd) under the laws of South Africa
                                                                                            having its registered address at Afrasia
                                                                                            House Block F, The Terraces, One Silverwood
                                                                                            Close, Steenburg Office Park, Tokai,
                                                                                            South Africa.

 

		E.	The Company
                                                          intends to increase its share capital out of authorized share capital
                                                          in a round of financing (the Capital Round) by way of issuance
                                                          of in the aggregate 5,000,000 (in words: five million) Common Shares,
                                                          each to be fully paid-in in cash in a series of subscriptions, thereby
                                                          increasing the aggregate issued share capital of the Company by a nominal
                                                          amount of CHF 50,000 (in words: fifty thousand Swiss francs) from
                                                          CHF 268,222.15 (in words: two hundred and sixty eight thousand
                                                          and two hundred and twenty-two Swiss francs and fifteen cents) to CHF 318,222.15
                                                          (in words: three hundred and eighteen thousand and two hundred and twenty-two
                                                          Swiss francs and fifteen cents) (the Authorized Capital Increase).

 

		F.	The Investor
                                                          desires to subscribe, in a series of subscriptions, for the full amount
                                                          of the Authorized Capital Increase and in addition to purchase 1,000,000
                                                          (in words: one million) Common Shares from the Principal Shareholder.

 

		G.	The Parties
                                                          wish to determine in this Agreement their respective rights and obligations
                                                          in relation to the Investor’s investment in the Company and the
                                                          subscription and issuance of new Common Shares and Common Shares already
                                                          issued and owned by the Principal Shareholder.

 

Based
on the foregoing, the Parties agree as follows:

 

		1.	Definitions

 

For
purposes of this Agreement (including the introductory paragraphs and the Appendices), capitalized terms not defined in the body
of this Agreement shall have the meanings set forth in Annex 1.

 

		2.	Current
                                                          Equity Structure of the Company

 

		2.1	Equity
                                                                                                    Structure of the Company

 

As
at the date of this Agreement, the Company has an issued statutory share capital in the nominal amount of CHF 268,222.15
(in words: two hundred and sixty eight thousand and two hundred and twenty-two Swiss francs and fifteen cents), divided into 26,822,215
ordinary shares. The Company has no treasury shares.

 

    	2

    	 

    

 

 

		2.2	Equity
                                                                  Structure of Pubco

 

Pubco
is a corporation organized under the laws of the State of Nevada, United States of America. The authorized capital of Pubco is
200,000,000 shares of common stock, par value USD $0.001 per share, of which 32,452,000 shares are issued or outstanding as of
the date of this Agreement, and 1,000,000 shares of preferred stock, par value USD $0.01 per share, of which no shares are issued
or outstanding as of the date of this Agreement.

 

		2.3	Share
                                                                  Exchange Agreement

 

On
or about May 15, 2011, the Company and Pubco entered into an Agreement and Plan of Merger which was terminated in October 2011
and in place of such agreement the shareholders of the Company and Pubco entered into the Share Exchange Agreement, dated October
28, 2011 (the Share Exchange Agreement), under which the Company’s shareholders will, subject to the fulfillment
of certain conditions set forth in the Share Exchange Agreement, exchange Common Shares held by them for Pubco Shares on a share-for-share
basis. Pubco has no material assets and no material liabilities but is obligated to file annual, quarterly and other reports with
the SEC. As a result of the Share Exchange and the other transactions contemplated by the Share Exchange Agreement, the Company
will become a 100%-owned subsidiary of Pubco and the Investor and the Company Shareholders will own all of the Pubco Shares other
than 9,272,000 shares (after giving effect to certain share cancellations required as a condition to the closing of the Share
Exchange under the terms and conditions of the Share Exchange Agreement).

 

Any
Subscription Shares and the Outstanding Shares acquired by the Investor prior to the Share Exchange will be exchanged for Pubco
Shares on the following terms:

 

		(a)	Pubco
                                                               will not have any other form of securities in issue other than
                                                               a single class of common stock and a single series of preferred
                                                               stock which shall not be preferred in liquidation or as to dividends
                                                               to the common stock, but shall be convertible into shares of the
                                                               common stock of Pubco on a basis equivalent to the holder’s
                                                               share ownership in the Company immediately prior to the Share Exchange.

 

		(b)	Pubco
                                                               Shares currently are quoted on the OTCBB and will continue to be
                                                               quoted as long as Pubco files with the SEC all reports required
                                                               to be filed as a condition to continued eligibility for quotation.

 

		(c)	To the
                                                               extent that the Share Exchange occurs prior to any Closing, then
                                                               the remainder of the shares to be acquired by the Investor under
                                                               this Agreement shall be shares of the common stock of Pubco, substituted
                                                               on a one-for-one basis. Accordingly, the obligations of the Investor
                                                               to subscribe for Common Shares shall then relate to shares of common
                                                               stock of Pubco, and Pubco shall assume the obligations of the Company
                                                               to issue new stock, with the effect that the Company shall no longer
                                                               have any obligations whatsoever to issue new Common Shares. Regardless
                                                               of whether the Investor acquires Common Stock or shares of common
                                                               stock of Pubco, if the Investor shall have fully performed its
                                                               obligations to purchase and subscribe for all of the Share Installments
                                                               set forth in Section 4.4.1 (when as principal or by assignment
                                                               to a third party to the extent permitted under this Agreement)
                                                               then upon consummation of such purchases and subscriptions the
                                                               Investor and its Permitted Assignees will hold not less than 10.2%
                                                               of the voting and dividend rights in the Company or Pubco, as the
                                                               case shall be; provided, that such calculation shall not
                                                               give effect to (i) any shares issued and sold as part of an offering
                                                               of shares (or notes convertible into shares) in order to raise
                                                               capital for the business of Company, (ii) any acquisition of another
                                                               business in an arms’ length transaction, or (iii) any management
                                                               share option plan, as long as such offering, acquisition or option
                                                               plan shall have been approved by the Board and, as the result of
                                                               such board-approved activities the Investor’s shareholding
                                                               will not fall below 8%, unless this requirement is waived by the
                                                               Investor.

 

    	3

    	 

    

 

If
Pubco does not agree to amend the Share Exchange Agreement to permit the Company to comply with the requirements of this Agreement,
the Company may enter into a share exchange agreement with another SEC-registered company, the shares of which are quoted on the
OTCBB, on substantially the same terms and conditions as the Share Exchange Agreement, in which event such other company shall
have the rights and obligations of Pubco under this Agreement and shall be substituted for Pubco. Until this takes place the sales
and subscriptions described herein will continue to be done with respect to shares in the Company.

 

		3.	CREATION
                                                                              OF AUTHORIZED SHARE CAPITAL OF THE COMPANY

 

Subject
to the terms and conditions of this Agreement:

 

		(a)	the
                                                                  Company hereby undertakes to the Investor (i) to convene
                                                                  the Annual General Meeting no later than August 16, 2012, (ii) to
                                                                  put on the agenda of the Annual General Meeting a proposal to
                                                                  amend the Articles of Association of the Company by including
                                                                  a provision on authorized share capital, such authorized share
                                                                  capital substantially in the form of Annex 2 (the
                                                                  Authorized Share Capital), and, subject to the approval
                                                                  by the Company's shareholders of such Authorized Share Capital
                                                                  and the Board's fiduciary duties, to use its authority under
                                                                  the Authorized Share Capital to issue the Subscription Shares
                                                                  to the Investor on a non-pre-emptive rights basis.

 

		(b)	The
                                                                                                                                 principal
                                                                                                                                 shareholder
                                                                                                                                 hereby
                                                                                                                                 undertakes
                                                                                                                                 to
                                                                                                                                 vote
                                                                                                                                 at
                                                                                                                                 the
                                                                                                                                 annual
                                                                                                                                 general
                                                                                                                                 meeting
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 company
                                                                                                                                 in
                                                                                                                                 favour
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 authorized
                                                                                                                                 share
                                                                                                                                 capital.

 

		4.	SUBSCRIPTION
                                                            OF COMMON SHARES

 

		4.1	The Investor’s
                                                             Undertaking to Subscribe for Subscription Shares

 

Subject
to the terms and conditions of this Agreement (including, without limitation, Sections 6.2 and 6.3 below), on the basis of
the representations and warranties set forth on Annex 3 to this Agreement, the Investor hereby undertakes to subscribe for in
the aggregate 5,000,000 Common Shares (the Subscription Shares) at the Issue Price per Common Share and for an aggregate subscription
amount of USD 5,000,000 (in words: five million US dollars) (the Aggregate Subscription Amount) in separate subscriptions in the
respective amounts determined by the Company, each to be subscribed for and taken up on the applicable Closing Date.

 

		4.2	Cash Contributions

 

On
and with effect as of each Closing Date on which the Company determines under Section 4.4 below that the Investor shall subscribe
for Subscription Shares, the Investor shall pay in cash the Subscription Amount referenced in Section 4.4,
up to the Aggregate Subscription Amount, to the account in the name the Company set forth In Annex 4 to this Agreement
or at the bank notified by the Company to the Investor reasonably prior to the relevant Closing Date.

 

		4.3	Purchase
                                                             and Sale of Outstanding Shares

 

On
each Closing Date, to the extent that the Company determines subject to Section 4.4 below that the Investor shall purchase
Outstanding Shares, the Principal Shareholder shall sell to the Investor, and the Investor shall purchase from the Principal Shareholder,
a number of Common Shares which, when taken together with all other Common Shares purchased and sold under this Section 4.3,
shall not exceed 1,000,000 (in words: one million) Common Shares, each
for a purchase price per Common Share equal to the Issue Price. The Investor shall pay the purchase price for the shares to be
purchased and sold within one (1) Business Day from the date that the conditions
precedent set out in Section 6.2 and 6.3 are satisfied or waived by the respective Parties to the account in the name the
Company set forth In Annex 4 to this Agreement.

 

    	4

    	 

    

 

 

		4.4	Payment
                                                                               Installments

 

		4.4.1	The
                                                                 payment required by this Section and Section 4.4.2 for each Share
                                                                 Installment shall be made to the account in the name the Company
                                                                 set forth In Annex 4 to this Agreement or at the bank
                                                                 notified by the Company to the Investor reasonably prior to the
                                                                 relevant Closing Date. It is noted that (a) not less than 75%
                                                                 of each Share Installment shall be for Subscription Shares and
                                                                 (b) the aggregate number of Subscription Shares and Outstanding
                                                                 Shares shall not exceed the number of shares listed below in
                                                                 this Section 4.4. The number of Subscription Shares and
                                                                 Outstanding Shares to be subscribed for and purchased, respectively,
                                                                 by the Investor, and the amount to be paid therefor by the Investor,
                                                                 are as follows (it being understood that not more than 1,000,000
                                                                 (in words: one million) Outstanding Shares shall be purchased
                                                                 under the terms of this Agreement):

 

		(i)	$500,000
                                                               will be paid for 500,000 Common Shares on or before the later of
                                                               the Fulfillment Date or July 31, 2012;

		(ii)	$500,000
                                                                will be paid for 500,000 Common Shares on or before the later
                                                                of the Fulfillment Date or August 10, 2012;

		(iii)	$1,000,000
                                                                 will be paid for 1,000,000 Common Shares on or before the later
                                                                 of the Fulfillment Date or August 31, 2012;

		(iv)	$1,000,000
                                                                will be paid for 1,000,000 Common Shares on or before the later
                                                                of the Fulfillment Date or September 30, 2012;

		(v)	$1,000,000
                                                               will be paid for 1,000,000 Common Shares on or before the later
                                                               of the Fulfillment Date or October 31, 2012;

		(vi)	$1,000,000
                                                                will be paid for 1,000,000 Common Shares on or before the later
                                                                of the Fulfillment Date or November 30, 2012; and

		(vii)	$1,000,000
                                                                 will be paid for 1,000,000 Common Shares on or before December
                                                                 31, 2012.

 

		4.4.2	If
                                                                 the Investor fails to comply with its obligations to purchase
                                                                 any Share Installment at a Closing on a Closing Date set forth
                                                                 above (after giving effect to a grace period of five (5) full
                                                                 Business Days), then the Issue Price shall increase to USD$1.20
                                                                 (in words: one US dollar and twenty US cents) per share for such
                                                                 Share Installment, unless such increase is waived by the Company.
                                                                 For the avoidance of doubt, the Issue Price for all remaining
                                                                 Share Installments shall remain unchanged, unless the Investor
                                                                 shall fail to comply with its obligations to purchase any later
                                                                 Share Installment, at which point the Issue Price for such Share
                                                                 Installment shall increase as aforesaid. If the Investor further
                                                                 fails to comply with its obligations to purchase any Share Installment
                                                                 at a Closing on a Closing Date set forth above during the sixth
                                                                 through fifteenth Business Day after the scheduled Closing Date,
                                                                 then, unless both the Company and the Principal Shareholder shall
                                                                 waive its rights in this regard, neither the Company nor Pubco
                                                                 nor the Principal Shareholder shall have any obligation to sell
                                                                 or issue any additional shares to the Investor, and the Investor
                                                                 shall not have any right to purchase or subscribe for any other
                                                                 Company Shares from the Company, Pubco or the Principal Shareholder
                                                                 and shall be deemed to be in breach of its obligations to purchase
                                                                 each other Share Installment remaining to be purchased.

 

		4.4.3	In
                                                                 the event that the Investor breaches this agreement in the manner
                                                                 envisaged in 4.4.2 then, no other party to this agreement and
                                                                 Pubco (“Indemnifiers”) shall have any claim whatsoever
                                                                 against the Investor and the Indemnifiers hereby waive any such
                                                                 claim that they may have against the Investor as a result thereof.
                                                                 The only remedy that the Indemnifiers shall have in this instance
                                                                 is the one referred to in 4.4.2 above. This waiver relates to
                                                                 any claim for the unpaid balance of the monies referred to in
                                                                 4.4.1 above; any claim for damages and any other claim whatsoever.

 

    	5

    	 

    

 

		4.5	Effect
                                                                    of Transactions

 

If
the Investor and its Permitted Assignees have fully complied with their obligations and have subscribed for and purchased all
Share Installments under Section 4.4, the Investor and its Permitted Assignees shall hold 6,000,000 ordinary shares of the Company
or, at such time as the Share Exchange has been completed, shares of the common stock of Pubco which the Principal Shareholder
and the Company warrant will amount to no less than 10.2% of the total number of ordinary shares in the Company or of shares of
the common stock of Pubco, as the case shall be, and which shall convey no less than 10.2% of the voting and dividend rights in
the Company or Pubco, as the case shall be; provided, that such calculation shall not give effect to (i) any shares issued
and sold as part of an offering of shares (or notes convertible into shares) in order to raise capital for the business of Company,
(ii) any acquisition of another business in an arms’ length transaction, or (iii) any management share option plan, as long
as such offering, acquisition or option plan shall have been approved by the Board and, as the result of such board-approved activities
the Investor’s shareholding will not fall below 8%, unless this requirement is waived by the Investor. .

 

		5.	CONDUCT
                                                                                     OF BUSINESS

 

The
Company shall, and the Principal Shareholder hereby undertakes to procure that the Company shall, until completion of the Authorized
Capital Increase, operate its business in the ordinary course in accordance with past practice, except as explicitly provided
by this Agreement or with the prior written consent of the Investor (such consent
not to be unreasonably withheld or delayed).

 

		6.	CLOSING

 

		6.1	Place
                                                                    and Date of Closing

 

Each
Closing shall take place on the respective date specified above in Section 4.4 on the applicable Closing Date.

 

		6.2	Conditions
                                                                                      Precedent

 

The
transactions described in this Agreement are conditional on the following taking place on or before 31 December 2012, which conditions
are expressed for the benefit of all parties hereto:

 

		(a)	The
                                                               Company Shareholders shall have approved the Authorized Share Capital.

 

		(b)	The
                                                               Company shall have obtained the approval of any regulators relating
                                                               to the Authorized Share Capital whose approval would be required
                                                               by law to this transaction.

 

		(c)	The
                                                               Investor shall have obtained the approval of any regulators and
                                                               Custodians whose approval would be required by law to this transaction,
                                                               which may include but not be limited to the approval of the South
                                                               African Reserve Bank or its authorised dealer.

 

		(d)	Subject
                                                               to the grant by the Company Shareholders of all required approvals
                                                               for such conversions, the Principal Shareholder shall have converted
                                                               all outstanding loans amounting to USD 3 689 208 (Three Million
                                                               Six Hundred and Eighty Nine Thousand Two Hundred and Eight United
                                                               States Dollars) to the Company held by the Principal Shareholder
                                                               into shares of the Company.

 

    	6

    	 

    

 

		6.3	Conditions
                                                                    Precedent to each Closing

 

Each
Closing shall be subject to the fulfilment (or waiver by the Investor) of the execution and delivery of all documents to be exchanged
at Closing in accordance with Section 6.4 below. Each Closing that occurs after the Share Exchange shall also be subject
to the prior fulfilment (or waiver by the Investor) of the execution and delivery of a document by Pubco under which Pubco has
agreed to assume all of the obligations of the Company under this Agreement.

 

		6.4	Closing
                                                                    Actions

 

		6.4.1	At each
                                                               Closing (if and only if such Closing occurs prior to the Share
                                                               Exchange), the relevant Party shall deliver the following documents,
                                                               duly executed and in form and substance reasonably satisfactory
                                                               to the Company and the Investor:

 

		(a)	a resolution
                                                               of the Board, which, based on the Authorized Share Capital, authorizes
                                                               the increase in the share capital of the Company and the issuance
                                                               of the relevant number of Subscription Shares to the Investor;

 

		(b)	a duly
                                                               authorized report of the Board regarding the increase in the share
                                                               capital and the withdrawal of the existing shareholders' pre-emptive
                                                               rights, all in accordance with article 652g of the Swiss Code
                                                               of Obligations (CO);a confirmatory resolution of the Board,
                                                               to be taken in the presence of a Swiss notary public, whereby the
                                                               Board amends the Company's Articles of Association and ascertains
                                                               that (i) the relevant number of Subscription Shares has been
                                                               duly subscribed for, (ii) the committed cash contributions
                                                               correspond to the aggregate Subscription Amount, and (iii) the
                                                               contributions have been made in accordance with the law, the Articles
                                                               of Association and the applicable resolutions of the general meeting
                                                               and the board of directors;

 

		(c)	an application
                                                               to the Register of Commerce of the Canton of Zug (the Application),
                                                               duly signed by the Board of the Company; and

 

		(d)	for
                                                               any Closing that occurs after the Share Exchange, evidence that
                                                               the Company has assigned its rights and obligations under this
                                                               Agreement to Pubco and that Pubco has assumed the obligations of
                                                               the Company under this Agreement.

 

		6.4.2	At each
                                                               Closing (if and only if such Closing occurs after the Share Exchange),
                                                               the relevant Party shall deliver the following documents, duly
                                                               executed and in form and substance reasonably satisfactory to the
                                                               Company and the Investor:

 

		(a)	evidence
                                                               that Pubco has delivered irrevocable instructions to its stock
                                                               transfer agent to issue to the Investor share certificates representing
                                                               the Subscription Shares at such Closing;

 

		(b)	for
                                                               any Closing at which Outstanding Shares have been purchased and
                                                               sold, the Principal Shareholder shall deliver certificates representing
                                                               such Outstanding Shares together with a stock power executed by
                                                               the Principal Shareholder with such guaranty of signature as Pubco’s
                                                               stock transfer agent may require; and

 

		(c)	for
                                                               any Closing at which Subscription Shares have been subscribed for
                                                               and sold, a certificate of the Secretary or Assistant Secretary
                                                               of Pubco certifying as to the due authorization and issuance of
                                                               such Subscription Shares and the resolutions of the Board taken
                                                               with respect thereto.

 

			In
                                                                            addition to the above (Sections 6.4.1 and 6.4.2),
                                                                            the Company and the Investor undertake to execute
                                                                            or perform such other documents, instruments, certificates
                                                                            or acts as may be reasonably requested by the Investor
                                                                            and/or the Company or Pubco in order to complete,
                                                                            perfect and consummate the transactions contemplated
                                                                            by this Agreement, including, but not limited to,
                                                                            the increase of the share capital of the Company and
                                                                            the issuance of the respective number of Common Shares
                                                                            to the Investor as set forth in this Agreement.

 

    	7

    	 

    

 

		6.4.3	Upon
                                                               completion of the Closing pursuant to Section 6.4.1 above,
                                                               the Company shall file the Application with the Register of Commerce
                                                               of the Canton of Zug.

 

		7.	TERMINATION
                                                                                     AND RESCISSION

 

If
the Authorized Share Capital has not been approved by the Company’s shareholders by September 30, 2012, then the Investor
shall have the right (but not the obligation) to terminate and rescind this Agreement and any documents, instruments or deeds
executed by the Investor (including, but not limited to, the Subscription Forms) with immediate effect by written notice to the
Company.

 

If
the Company has satisfied all conditions precedent to the obligations of the Investor with respect to the first two (2) Share
Installments and the Investor or its Permitted Assignees have failed to pay the cumulative total of $1,000,000 (in words: one
million US dollars) for such Installments, or have failed to pay $1,000,000 (in words: one million US dollars) for any subsequent
Share Installment, then the Company shall have the right (but not the obligation) to terminate and rescind this Agreement and
any documents, instruments or deeds executed by the Investor on 5 (five) days’ written notice to the Investor.

 

In
case notice of termination and rescission is made in accordance with the preceding paragraph each of the Parties acknowledges
and agrees that this Agreement (subject to Section 11.7 below) shall be deemed terminated and shall be without any
further effect, it being understood that any such termination shall not have any effect whatsoever on subscriptions for Subscriptions
Shares and/or sales of outstanding shares that the Company has received payment for or have already been registered in the commercial
register; and

 

notwithstanding
anything contained herein to the contrary, it is acknowledged and agreed that the right of termination and rescission pursuant
to this section 7 shall be without
prejudice to any other rights or remedies that the respective investor(s) may have under this agreement or under applicable laws.

 

		8.	RESTRICTiONS
                                                            ON SALES OF SHARES; REGISTRATION OF RESALES OF SHARES

 

Under
the rules and regulations of the SEC, the Pubco Shares are “restricted securities” and, unless the resale of the Pubco
Shares is registered with the SEC under the U.S. Securities Act of 1933, as amended, Pubco Shares may not be resold in any transaction
which involves (i) any “U.S. Person” (as defined by the rules of the SEC) or (ii) any means of commerce connected
to the USA. Therefore, until the date which is one year and four days after completion of the Share Exchange, none of the Investor,
any Permitted Assignee and the Principal Shareholder shall sell, assign or transfer any Pubco Shares (i) without the prior written
consent of the Company, which consent will not be unreasonably withheld or (ii) in a transaction which has been notified to the
Company and does not involve any “U.S. Person” (as defined by the rules of the SEC) or any means of commerce connected
to the USA.

 

In
light of the foregoing restrictions, within 120 days of the Closing Date, Pubco will file with the SEC a registration statement
(the Registration Statement) that registers the resale of 100% of the Pubco Shares owned by the Investor or any Permitted
Assignee at the time of filing the Registration Statement or any amendment thereto (together with such other Pubco Shares as the
Board may determine). Pubco will use commercially reasonable efforts to cause the SEC to declare the Registration Statement effective
reasonably promptly and for a period of three years after being declared effective will maintain the effectiveness of the Registration
Statement for a period of three (3) years or until all of the Common Shares registered in the Registration Statement have been
sold. The Investor, the Permitted Assignees and the Principal Shareholder will cooperate fully with Pubco in the discharge of
its obligations under this Section and will provide all information and enter into such further agreements as may be required
to have the Registration Statement declared effective by the SEC and thereafter maintained effective.

 

    	8

    	 

    

 

Any
Pubco Shares not included in the Registration Statement shall not be sold or transferred, except (i) with the prior written consent
of the Company or (after the Closing Date) Pubco, (ii) in a sale transaction which has been notified to the Company or (after
the Closing Date) Pubco and involves no “U.S. Person” (as defined by the rules of the SEC) and no means of commerce
connected to the USA. No Pubco Shares shall be pledged, assigned by way of security or otherwise used as security and shall remain
free and clear of any liens, encumbrances, charges or any other third party rights.

 

		9.	OPTIONS
                                                                   TO ACQUIRE ADDITIONAL SHARES FROM PUBCO

 

		9.1.1	If
                                                                     the Share Exchange is completed by the termination date set
                                                                     forth in the Share Exchange Agreement, the Investor shall
                                                                     hold the following options to acquire shares of Pubco:

 

		(a)	On
                                                                or before July 1, 2013 the Investor shall have the right to subscribe
                                                                for that number of shares of its common stock of Pubco that is
                                                                5% of its shares of common stock issued and outstanding on a fully-diluted
                                                                basis on the date on which the Investor shall exercise by sending
                                                                the notice referenced in clause (d) below the Option or 3,000,000
                                                                (in words: three million) shares, whichever is greater. The aggregate
                                                                price payable to Pubco upon the exercise of the option shall be
                                                                USD 9,000,000 (in words: nine million US dollars). This option
                                                                may be exercised by the Investor or its assignee in full and if
                                                                not in part to at least 50%.

 

		(b)	At
                                                                any time after July 1, 2013 but before January 1, 2015, the Investor
                                                                shall have the right to subscribe for that number of shares of
                                                                common stock of Pubco that is 5% of its common stock issued and
                                                                outstanding on a fully-diluted basis on the date on which the
                                                                Investor shall exercise the Option by sending the notice referenced
                                                                in clause (d) below. The per share price payable to Pubco upon
                                                                the exercise of the Option shall be 90% of the weighted average
                                                                price (VWAP) based on trading on the OCTBB for the 30 business
                                                                days immediately prior to the date on which the Investor notifies
                                                                Pubco that it will purchase the shares subject to the option.
                                                                If the shares of Pubco are simultaneously listed on one or more
                                                                other stock exchanges or quoted in any other system/s anywhere
                                                                else in the world, then this option price will be 90% of the highest
                                                                weighted average price (VWAP) on the stock exchange or system
                                                                over the aforesaid period, on which the volume is the largest
                                                                of the total worldwide trading volume of the Company shares. This
                                                                option may be exercised by the Investor or its assignee in full
                                                                and if not in part to at least 50%, but may not be exercised more
                                                                than one time.

 

		(c)	At
                                                                any time after January 1, 2015 but before January 1, 2017, the
                                                                Investor shall have the right to subscribe for that number of
                                                                shares of common stock of Pubco that is 5% of its common stock
                                                                issued and outstanding on a fully-diluted basis on the date on
                                                                which the investor shall exercise the Option by sending the notice
                                                                referenced in clause (d) below. The per share price payable to
                                                                Pubco upon the exercise of the Option shall be 90% of the weighted
                                                                average price (VWAP) based on trading on the OCTBB for the 30
                                                                business days immediately prior to the date on which the Investor
                                                                notifies Pubco that it will purchase the shares subject to the
                                                                option. If the shares of Pubco are simultaneously listed on one
                                                                or more other stock exchanges or quoted in any other system/s
                                                                anywhere else in the world, then this option price will be 90%
                                                                of the highest weighted average price (VWAP) on the stock exchange
                                                                or system over the aforesaid period, on which the volume is the
                                                                largest of the total worldwide trading volume of the Company shares.
                                                                This option may be exercised by the Investor or its assignee only
                                                                in full and if not in part to at least 50%, but may not be exercised
                                                                more than one time.

 

    	9

    	 

    

 

		(d)	All
                                                                exercises of the Additional Share Options shall be made by written
                                                                notice to the Company given not less than ten (10) business days
                                                                prior to the intended date of exercise specifying the option to
                                                                be exercised, the exercise price and the date and means of payment.

 

		9.1.2	In the
                                                               case of each of the Additional Share Options, if the board of directors
                                                               of the Company determines that the Company does not desire to issue
                                                               additional shares of its stock and dilute its existing shareholders,
                                                               the Company shall have the right to cause the Principal Shareholder
                                                               to assume some or all of the Additional Share Options and, upon
                                                               the due exercise of the Additional Share Options by the Investor,
                                                               sell the shares subject to the Additional Share Options to the
                                                               extent designated by the Company to the Investor upon the Investor’s
                                                               timely exercise of the payment of the Additional Share Options
                                                               and payment of the full option price therefor to the Principal
                                                               Shareholder.

 

		9.1.3	if
                                                                                                       the share exchange is not
                                                                                                       completed by the termination
                                                                                                       date set forth in the share
                                                                                                       exchange agreement, the
                                                                                                       investor shall hold options
                                                                                                       on the terms and conditions
                                                                                                       set forth above, except
                                                                                                       that (a) the options shall
                                                                                                       represent the right to
                                                                                                       purchase an equivalent
                                                                                                       number of ordinary shares
                                                                                                       of the company (and not
                                                                                                       pubco shares); (b) in the
                                                                                                       case of each of the options
                                                                                                       set forth in subsections
                                                                                                       9.1.1(b) and (c) above,
                                                                                                       the exercise price of the
                                                                                                       option shall be based on
                                                                                                       the fair market value of
                                                                                                       the ordinary shares of
                                                                                                       the company in lieu of
                                                                                                       the trading value as set
                                                                                                       by a mutually agreed investment
                                                                                                       bank for the respective
                                                                                                       periods set forth in subsections
                                                                                                       9.1.1(b) and (c) above.

 

		10.	BOARD
                                                                    APPOINTMENTS

 

		10.1.1	At
                                                                such time as the Investor shall have completed and paid for all
                                                                of the Share Installments and if the Share Exchange has been completed,
                                                                the Investor shall have the right to nominate one person to the
                                                                Board of Pubco, and the Principal Shareholder hereby agrees to
                                                                vote all of its voting shares for the Investor’s nominee
                                                                until such time as the total number of shares held by the Investor
                                                                are less than 5% of the issued and outstanding shares of Pubco.
                                                                If the Share Exchange does not close, the Investor shall have
                                                                the right to appoint one director to the Board of the Company.

 

		10.1.2	At
                                                                such time as the stock ownership of the Investor reaches 20% of
                                                                the issued and outstanding shares of voting stock of the Company
                                                                or Pubco (on a fully-diluted basis) and for so long as the stock
                                                                ownership of the Investor remains at that level, the Investor
                                                                shall have the right to appoint a second person to the Board of
                                                                Pubco after the Investor has exercised the Additional Share Option
                                                                referred to Subsection 9.1.1(a) above has been exercised, and
                                                                the Principal Shareholder hereby agrees to vote all of its voting
                                                                shares for the Investor’s second nominee as well until such
                                                                time as the total number of shares held by the Investor are less
                                                                than 5% of the issued and outstanding shares of Pubco. .

 

		10.1.3	Pubco
                                                                and the Investor will agree on procedures and timeframes under
                                                                which the Investor will identify its nominees and provide Pubco
                                                                with all information regarding such nominees as Pubco may request
                                                                at such times and within such deadlines as Pubco may reasonably
                                                                establish. In each case, the Investor’s right to nominations
                                                                for the Board of Pubco shall be subject to the Investor’s
                                                                compliance with all applicable rules and regulations of the SEC
                                                                and Pubco’s state of incorporation.

 

		10.1.4	If
                                                                                                                                              the
                                                                                                                                              Investor
                                                                                                                                              exercises
                                                                                                                                              its
                                                                                                                                              right
                                                                                                                                              to
                                                                                                                                              nominate
                                                                                                                                              a
                                                                                                                                              director
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              Company,
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Investor
                                                                                                                                              will
                                                                                                                                              agree
                                                                                                                                              on
                                                                                                                                              procedures
                                                                                                                                              and
                                                                                                                                              timeframes
                                                                                                                                              under
                                                                                                                                              which
                                                                                                                                              the
                                                                                                                                              Investor
                                                                                                                                              will
                                                                                                                                              identify
                                                                                                                                              its
                                                                                                                                              nominees
                                                                                                                                              and
                                                                                                                                              provide
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              with
                                                                                                                                              all
                                                                                                                                              information
                                                                                                                                              regarding
                                                                                                                                              such
                                                                                                                                              nominees
                                                                                                                                              as
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              may
                                                                                                                                              request
                                                                                                                                              at
                                                                                                                                              such
                                                                                                                                              times
                                                                                                                                              and
                                                                                                                                              within
                                                                                                                                              such
                                                                                                                                              deadlines
                                                                                                                                              as
                                                                                                                                              Pubco
                                                                                                                                              may
                                                                                                                                              reasonably
                                                                                                                                              establish.

 

    	10

    	 

    

 

		11.	MISCELLANEOUS

 

		11.1	Confidentiality

 

The
existence as well as the terms and conditions of this Agreement, and any information exchanged between the Parties and/or the
Company (including their respective representatives or advisors) during the due diligence and the negotiation of the definitive
agreements for the Capital Round and/or pertaining to the business and the operation of the Company (all such information collectively
referred to herein as Confidential Information) shall be kept strictly confidential by each Party hereto as well as the
Company. The Parties and the Company shall neither use in any form nor disclose to any third party any Confidential Information
unless explicitly authorized by this Agreement. The Parties and the Company shall ensure that their employees, directors and any
other representatives as well as the advisors of each Party and the Company to whom any such Confidential Information is entrusted
comply with these restrictions.

 

Without
limiting the generality of the foregoing, the term Confidential Information shall include in particular:

 

		(a)	any
                                                               information regarding this Agreement, the investments made or to
                                                               be made by the Investor in the Company and the commercial terms
                                                               and conditions of the investments; and

 

		(b)	any
                                                               trade secrets, financial or confidential information of the Company
                                                               or any of the Investor.

 

The
term Confidential Information shall not include any information: (i) which as of the time of its disclosure by a Party or
the Company was already lawfully in the possession of the receiving Party or the Company as evidenced by written records, or (ii) which
at the time of the disclosure was in the public domain, or (iii) the disclosure of which was previously explicitly authorized
by the respective Party or the Company.

 

The
non-disclosure obligation shall not apply to any disclosure of Confidential Information required by law or regulations. In the
event a disclosure of Confidential Information is required by law or regulations (including, without limitation, for tax, audit
or regulatory purposes), the disclosing Party and/or Company shall use all reasonable efforts to arrange for the confidential
treatment of the materials and information so disclosed.

 

Each
Party may use any Confidential Information in accordance with this Agreement; provided, that, subject to the terms and
conditions hereof, each Party acknowledges and agrees that any Confidential Information made available to it (including to any
representative or advisor of such Party) by the Company or any other Party (including their representatives or advisors) hereunder
shall not be used by such Party other than (i) as permitted under this Agreement; (ii) for the benefit of the Company; or (iii)
for the respective Party's assessment of the Company, and shall not be exploited by or for the benefit of such Party or any of
its Affiliates or third party.

 

It
is further acknowledged and agreed that the Investor may report regularly to its investors and/or any of its Affiliates regarding
all information pertaining to the Company and the equity investment made or to be made in the Company in accordance with its reporting
obligations under its fund investment documents or to the extent required for legal, tax, audit or regulatory purposes.

 

Within
sixty (60) calendar days of the first Closing, the Company may issue an announcement (in a form approved in advance in writing
by the Board and the Investor) confirming the investment by the Investor in the Company under this Agreement; provided, however,
that such announcement shall neither disclose the specific terms on which the Investor has invested in the Company nor the amounts
invested without the prior written approval of the Investor.

 

No
other announcement or press releases regarding the matters contemplated by this Agreement shall be made by the Company without
the prior written consent of the Board and the Investor (such consent of the Investor to be given entirely at its discretion);
with the express exception that neither the preceding paragraph of this Section nor the foregoing provision of this paragraph
of this Section shall preclude the Company or Pubco from complying in full with any laws or regulations, including regulations
of the SEC, that require the disclosure or filing of this Agreement.

 

    	11

    	 

    

 

Nothing
herein shall restrict the Company from granting third parties customary due diligence access for purposes of financial, commercial,
strategic or similar transactions based on appropriate non-disclosure and non-use agreements.

 

		11.2	Successors
                                                                 and Assigns

 

This
Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective permitted successors
and assigns. Notwithstanding the foregoing, but subject to the condition set forth in the last sentence of this Section 11.2:

 

		(a)	with
                                                                   the prior written consent of the Company, which the Company
                                                                   will not unreasonably withhold, the Investor may assign to
                                                                   a third party its right to purchase or subscribe for any Share
                                                                   Installment under this Agreement and its right to exercise
                                                                   any option granted under this Agreement and, if the purchase
                                                                   or subscription for such Share Installment has occurred, may
                                                                   also assign the Shares so purchased or subscribed for to a
                                                                   third party; provided, that (i) in no event shall such
                                                                   assignment relieve the Investor of its obligations under this
                                                                   Agreement, (ii) no Permitted Assignee shall hold any greater
                                                                   rights as to the Shares than rights granted to the Investor
                                                                   under this Agreement; and (ii) from and after the Share Exchange,
                                                                   any such assignment shall comply in all respects with all applicable
                                                                   laws and if not in compliance will be void ab initio,

 

		(b)	the
                                                                                                     Company Shareholders shall
                                                                                                     cause the Company to assign
                                                                                                     its rights under this Agreement
                                                                                                     to Pubco and, as a condition
                                                                                                     to the exchange of shares
                                                                                                     under the Share Exchange
                                                                                                     Agreement, shall require
                                                                                                     Pubco to assume the obligations
                                                                                                     of the Company under this
                                                                                                     Agreement, including all
                                                                                                     obligations to issue shares
                                                                                                     to the Investor. The Investor
                                                                                                     (i) hereby consents to such
                                                                                                     assignment and assumption
                                                                                                     of rights and obligations
                                                                                                     under this Agreement, (ii)
                                                                                                     from and after the Closing
                                                                                                     Date will purchase Pubco
                                                                                                     Shares in lieu of Common
                                                                                                     Shares and (iii) will perform
                                                                                                     its obligations under this
                                                                                                     Agreement when assigned to
                                                                                                     and assumed by Pubco as fully
                                                                                                     as required to be performed
                                                                                                     hereunder with the Company,
                                                                                                     and .

 

		(c)	where
                                                                 the third party referred to in Section 11.2(a) is a mandated
                                                                 client of the Investor, the consent of the Company shall not
                                                                 be required as a condition to the assignment, but the Investor
                                                                 shall nonetheless provide the Company with evidence of the transfer,
                                                                 the identity of the third party to the extent required by applicable
                                                                 law and a written acknowledgement that the third party will be
                                                                 bound by the terms and conditions of this Agreement that are
                                                                 binding upon the Investor.

 

Any
third party that is a transferee of Shares from the Investor under this Section prior to the Share Exchange, other than a mandated
client of the Investor, shall also be required to sign an appointment of representative which sets forth the content of Section
11.11 in favour of the representative named in such Section and deliver an original executed counterpart of such appointment to
the Company as a condition to any transfer of rights or Shares under this Agreement.

 

		11.3	Costs
                                                                 and Expenses, Taxes

 

Subject
to the immediately following paragraph, it is agreed that each Party shall bear its own costs and expenses arising out of or incurred,
and any taxes imposed on it, in connection with this Agreement and all transactions contemplated hereby.

 

The
Company shall bear all Swiss issuance and stamp taxes arising out of the Capital Round.

 

		11.4	Notices

 

All
notices and other communications made or to be made under this Agreement shall be effective upon receipt and shall be given in
writing by telefax or courier to the addressees listed below:

 

    	12

    	 

    

 

	If to Trinity:	Block F, the Terraces, 1 Silverwood Close, Steenberg Office
    Park, Tokai, Cape Town, South Africa 
	 	Attention: James Fitzpatrick,
	 	 	Portfolio Manager
	 	 	Telefax +27 21 702 2429
	 	 
	If to the Company:	Dammstrasse 19
	 	CH-6301, Zug
	 	Switzerland
	 	Attn. Chairman of the Board
	 	Telefax +41 41 723 2194
	 	 
	If to the Principal Shareholder:	c/o VICS
	 	8, Eu Tong Sen Street, # 12-82, The Central,
	 	Clarke Quay, Singapore 059818
	 	Attention: Managing Director
	 	 
	 	telefax +65 6725 8179

 

In
case of the delivery of a notice to the Company on behalf of an Company Shareholder in accordance with this Agreement, receipt
by the Company of the notice shall be relevant for the compliance with the applicable deadlines. Each Company Shareholder hereby
appoints the Company as the receiver of such notices on behalf of it. The Company shall send copies of such notices to the Company
Shareholders timely upon receipt.

 

Each
Party may change or amend the addresses given above or designate additional addresses for the purposes of this Section 11.4
by giving the other Parties written notice of the new address in the manner set forth in this Section 11.4.

 

		11.5	Entire
                                                                                   Agreement

 

This
Agreement (including its Annexes) constitutes the entire agreement between the Parties hereto with respect to the subject matter
hereof and supersedes any agreement or understanding that may have been concluded with respect to the subject matter hereof between
any of the Parties prior to the date of this Agreement..

 

		11.6	Severability

 

If
at any time any provision of this Agreement or any part thereof is or becomes invalid or unenforceable, then neither the validity
nor the enforceability of the remaining provisions or the remaining part of the provision shall in any way be affected or impaired
thereby. The Parties agree to replace the invalid or unenforceable provision or part thereof by a valid or enforceable provision
which shall best reflect the Parties' original intention and shall to the extent possible achieve the same economic result.

 

		11.7	Survival

 

Notwithstanding
any termination and rescission of this Agreement, Sections  7 and 11 shall
survive any such termination and rescission and continue to be effective as if no such termination and rescission had occurred.

 

		11.8	Amendments

 

This
Agreement (including this Section 11.8) may be amended only in writing by an instrument signed by all Parties.

 

    	13

    	 

    

 

		11.9	Waiver
                                                                 of Rights

 

No
waiver by a Party of a failure of any other Party to perform any provision of this Agreement shall operate or be construed as
a waiver in respect of any other or further failure whether of a similar or different character.

 

		11.10	Governing
                                                                  Law and Jurisdiction

 

This
Agreement shall in all respects be governed by and construed in accordance with Swiss law.

 

Any
dispute, controversy or claim arising out of or in connection with this Agreement, including its conclusion, validity, binding
effect, amendment, breach, termination or rescission, shall be resolved by arbitration in accordance with the Swiss Rules of International
Arbitration of the Swiss Chambers of Commerce in force on the date when the Notice of Arbitration is submitted in accordance with
these Rules. The number of arbitrators shall be three. The seat of the arbitration
shall be Zurich and the arbitral proceedings shall be conducted in English.

 

		11.11	Appointment
                                                                                          of Representative

 

For
purposes of the Share Exchange Agreement and the transactions contemplated by the Share Exchange Agreement, so long as the terms
and conditions of the Share Exchange Agreement shall be consistent with Section 2.3 above, the Investor hereby irrevocably appoints
Stephen Robinson of Dammstrasse 19, CH-6301 Zug, Switzerland as its representative in connection with the contemplated exchange
of shares of the Company with Pubco, as shall be approved by the board of the Company, with the following powers to act on behalf
of and as agent and attorney-in-fact for the Investor to perform the following actions:

 

		1)	to give
                                                               and receive notices and communications in connection with the Share
                                                               Exchange Agreement;

 

		2)	to authorize
                                                               delivery to Pubco of shares of the Company and to authorize distribution
                                                               to the shareholders of the Company of share certificates representing
                                                               Pubco Shares;

 

		3)	to agree
                                                               to, negotiate and enter into waivers, modifications, extensions
                                                               and amendments of the Share Exchange Agreement;

 

		4)	to agree,
                                                               negotiate and enter into to settlements and compromises of any
                                                               claims or demands arising out of or in connection with the exchange
                                                               or the Share Exchange Agreement;

 

		5)	to take
                                                               any and all actions and make any decisions required or permitted
                                                               to be taken by the representative under the Share Exchange Agreement
                                                               in accordance with its respective terms, and

 

		6)	to take
                                                               all actions necessary or appropriate in the judgment of the representative
                                                               for the accomplishment of any or all of the foregoing.

 

The
Investor hereby (i) confirms and acknowledges that it has the sole right to vote and execute this Appointment with respect to
the shares of the Company specified next to the signature of such shareholder below, (ii) confirms and acknowledges that it has
full power and authority to execute this Appointment.

 

This
Appointment shall be irrevocable during the term of the Share Exchange Agreement and shall terminate immediately upon the earlier
of the termination of the Exchange Agreement prior to any closing thereunder and December 31, 2012.

 

The
Investor hereby acknowledges and agrees that, as a result of its signing this Appointment, the Investor will be bound by all of
the terms and provisions of each agreement pertaining to such exchange.

 

    	14

    	 

    

 

IN WITNESS
WHEREOF, the Parties have signed this Agreement on the date first written above.

 

	SUREPURE INVESTMENT HOLDING AG	 	TRINITY ASSET MANAGEMENT (PROPRIETARY) LIMITED
	 	 	 	 
	By	/s/ Stephen Robinson	 	 
	 	Stephen Robinson	 	 
	 	 	 	 
	 	 	 	By	/s/ Quinton George
	 	 	 	 
	XOPTICS (PTC) LIMITED	 	 
	 	 	 	 
	By	/s/ Stephen Robinson	 	 
	 	Stephen Robinson	 	 

 

    	15

    	 

    

 

Annex 1

 

Definitions

 

The following
terms shall have the meaning assigned to them hereunder, namely:

 

		A.	“Additional
                                                          Share Option” means the options to purchase shares of the
                                                          Company or Pubco, as the case shall be, under Section 9.1.1, above.

 

		B.	“Board”
                                                          means the board of directors of the Company or, after the Share Exchange,
                                                          the board of directors of Pubco.

 

		C.	“Closing”
                                                          means the completion of the purchase and sale of any Share Installment.

 

		D.	“Closing
                                                          Date” means each date stated in Section 4.4 above on which
                                                          the Investor is to purchase any ordinary shares of the Company;

 

		E.	"Company"
                                                          means SurePure Investment Holding AG, registration number: (CH-170.3.031.335),
                                                          a company formed under the laws of and registered in Switzerland.

 

		F.	"Company
                                                          Shareholder" means each stockholder of the Company as of the
                                                          relevant time, including the Principal Shareholder.

 

		G.	“Custodian”
                                                          means a registered non-beneficial shareholder who holds shares on
                                                          behalf of clients of a stockbroker.

 

		H.	“Fulfilment
                                                          Date” means the date by which the conditions in Section 6.2
                                                          are fulfilled or waived by agreement.

 

		I.	"Investor"
                                                          means Trinity Asset Management (Proprietary) Limited, registration number:
                                                          1996/010864/07, a private company registered in the Republic of South
                                                          Africa.

 

		J.	“OTCBB”
                                                          means the Over-the-Counter Bulletin Board, an interdealer quotation
                                                          system, or any successor system.

 

		K.	“Outstanding
                                                          Shares” means issued and outstanding ordinary shares of the
                                                          Company.

 

		L.	“Parties”
                                                          means the Company, the Investor and the Principal Shareholder.

 

		M.	“Permitted
                                                          Assignees” shall mean persons to whom the Investor assigns
                                                          its rights under this Agreement in compliance with Section 11.2.

 

		N.	“Principal
                                                          Shareholder” means XOptics (PTC) Ltd., a company
                                                          formed under the laws of the British Virgin Islands as BVI Company Number
                                                          1451706.

 

		O.	“Pubco”
                                                          means SurePure Inc, a corporation formed under the laws of the State
                                                          of Nevada, USA, having the Nevada business registration number NV20081353363.

 

		P.	“Pubco
                                                          Shares” means the shares of the common stock of Pubco, par
                                                          value $0.001 per share, to be issued to the Investor and the Company
                                                          Shareholders in exchange for their ordinary shares of the Company under
                                                          the Share Exchange Agreement.

 

		Q.	“Related
                                                          Companies” means SurePure Operations AG, SurePure Participations
                                                          AG, SPHSA and SurePure Marketing South Africa Ltd.

 

		R.	“SEC”
                                                          means the United States Securities and Exchange Commission.

 

    	16

    	 

    

 

		S.	“Share
                                                          Exchange” means the share exchange transaction to occur under
                                                          the Share Exchange Agreement.

 

		T.	“Share
                                                          Exchange Agreement” means the agreement referred to in Section
                                                          2.3 of the Agreement.

 

		U.	“Share
                                                          Installment” means each of the transactions under which the
                                                          Investor is to purchase Subscription Shares and the Company is to issue
                                                          Subscription Shares or the Principal Shareholder is to sell, and the
                                                          Investor is to purchase, Outstanding Shares, all as provided in Section
                                                          4.4 of the Agreement.

 

		V.	“SPHSA”
                                                          means SurePure Holdings South Africa (Pty) Ltd, a company incorporated
                                                          under the laws of South Africa Company Registration Number 2005/072411/07.

 

		W.	“Subscription
                                                          Shares” means the ordinary shares of the Company for which
                                                          the Investor has subscribed under this Agreement.

 

		X.	“USA”
                                                                              means the United States of America.

 

    	17

    	 

    

 

Annex 3

 

Representations
and Warranties of the Company and the Principal Shareholder

 

In order to induce
the Investor to enter into this Subscription Agreement, the Principal Shareholder and the Company make the following representations
and warranties as of the date of this Agreement; provided, that any and all representations and warranties made with respect
to Pubco are made to the best of the Company’s knowledge based solely on the information disclosed by Pubco in its reports
filed with the SEC and without any independent duty of inquiry by the Company or the Principal Shareholder:

 

		(a)	The
                                                                 Company holds (either directly or via the Related Companies)
                                                                 various patents in various jurisdictions (including but not limited
                                                                 to the USA and UK) which relate to a process whereby liquids
                                                                 may be purified through the use of ultra violet light within
                                                                 a particular subspectrum. A list of current patents owned by
                                                                 the Company and its related entities (the Patents) is
                                                                 attached as Exhibit “A” to this Annex 3.

 

		(b)	All
                                                                 of the Patents are currently held in the Company or its subsidiaries,
                                                                 except for certain South African patents owned by SPHSA. The
                                                                 Company will use its best efforts to procure that SPHSA becomes
                                                                 a 100% owned indirect subsidiary of the Company within the next
                                                                 12 months and that at such date the patents held by SPHSA will
                                                                 continue to be held by SPHSA free from any encumbrance or claims
                                                                 whatsoever and no intellectual property whatsoever with respect
                                                                 to such patents (including but not limited to trade secrets,
                                                                 know how, specifications, registered patents, copyright or otherwise)
                                                                 will have been given to any other person anywhere in the world
                                                                 other than under written license or similar agreements entered
                                                                 into by the Company, any subsidiary or SPHSA in the ordinary
                                                                 course of business.

 

		(c)	The
                                                                 current group structure of the Company is attached as Exhibit
                                                                 “B” to this Annex 3.

 

		(d)	The
                                                                 latest draft consolidated US GAAP financial statements of the
                                                                 Company are attached as Exhibit “C” to this Annex
                                                                 3, and there have been no material adverse changes in the
                                                                 financial condition of the Company since the issuing of such
                                                                 statements.

 

		(e)	The
                                                                 proposed group structure of Pubco, the Company, its subsidiaries
                                                                 and the Related Companies post the Share Exchange is attached
                                                                 as Exhibit “D” to this Annex 3.

 

		(f)	Except
                                                                 as described in the notes included in Exhibit “C”
                                                                 to this Annex 3 or in the Exception Schedule attached
                                                                 as Exhibit “E” to this Annex 3, the Company,
                                                                 Pubco, SPHSA and any of their subsidiaries or holding companies
                                                                 are not party to any litigation, arbitration, mediation or other
                                                                 dispute resolution proceedings or criminal proceedings anywhere
                                                                 in the world.

 

		(g)	The
                                                                 Company, Pubco, SPHSA and their subsidiaries and holding companies
                                                                 are not subject to any bankruptcy, administration, liquidation,
                                                                 winding up, business rescue or other similar proceedings brought
                                                                 against any of them.

 

		(h)	To
                                                                 the best knowledge of the Company, and the Principal Shareholder
                                                                 there currently are no challenges or objections to any of the
                                                                 Patents anywhere in the world. Neither the Company nor the Principal
                                                                 Shareholder knows of any reason why the Patents would not be
                                                                 legally enforceable according to their terms. Neither the Company
                                                                 nor the Principal Shareholder have any knowledge of any person
                                                                 asserting any right or claim or encumbrance over or against the
                                                                 Patents.

 

    	18

    	 

    

 

		(i)	The
                                                                 Company, SPHSA, Pubco and their subsidiaries, holding companies
                                                                 and directors are in good standing with all governmental regulators
                                                                 (including but not limited to the SEC), tax authorities and other
                                                                 governmental bodies in whatsoever jurisdiction that they do business,
                                                                 are incorporated or otherwise currently conduct any activities.
                                                                 The businesses of the Company, SPHSA, Pubco and their subsidiaries
                                                                 comply in all material respects with all laws and regulations
                                                                 and no criminal charges, criminal convictions, investigations,
                                                                 penalties, assessments or censures are in existence or reasonably
                                                                 anticipated against the Company SPHSA, Pubco and their subsidiaries,
                                                                 holding companies and directors by any of the aforesaid regulators,
                                                                 authorities or bodies.

 

		(j)	Since
                                                                 January 1, 2011, Pubco has made all filings with the SEC required
                                                                 to be made under applicable laws and regulations.

 

		(k)	Except
                                                                 as disclosed in the Exhibit “C” to this Annex
                                                                 3, the Company, Pubco, SPHSA and their subsidiaries and holding
                                                                 companies have filed all tax returns required to be filed with
                                                                 any tax authority anywhere in the world, after giving effect
                                                                 to all extensions, and there is no tax liability that currently
                                                                 is outstanding. There are no outstanding tax assessments or investigations
                                                                 with respect to their tax affairs.

 

		(l)	The
                                                                 information regarding the Company and its subsidiaries that the
                                                                 Principal Shareholder and the Company have disclosed to the Investor
                                                                 in writing has been complete and correct in all material respects,
                                                                 and the disclosures made by the Principal Shareholder and the
                                                                 Company to the Investor in writing relating to the Company and
                                                                 its subsidiaries and its business do not contain any untrue statement
                                                                 of a material fact or omit to state a material fact necessary
                                                                 in order to make the statements contained herein and therein,
                                                                 in light of the circumstances under which such statements were
                                                                 made.

 

		(m)	To
                                                                 the best knowledge of the Company and the Principal Shareholder
                                                                 the patented procedures contained in the Patents were patentable
                                                                 when such patents were issued.

 

		(n)	To
                                                                 the best knowledge or the Company and the Principal Shareholder
                                                                 there is no fact that would lead them to believe that the patented
                                                                 procedures contained in the Patents are defective or incapable
                                                                 of producing the result for which they have been designed, namely,
                                                                 inter alia, the purification of liquids through the use of ultra
                                                                 violet light.

 

		(o)	The
                                                                 Company and the Principal Shareholder are duly authorised and
                                                                 legally capable of entering this Agreement, and after the Fulfillment
                                                                 Date this Agreement will be legally binding upon them.

 

		(p)	After
                                                                 the final Closing of the transactions envisaged in Section 4.4
                                                                 of this agreement, the Investor will hold no less than 10.2%
                                                                 of the total number of issued ordinary shares in Pubco or the
                                                                 Company, as the case may be, assuming that the Investor has purchased
                                                                 all shares to be purchased by it at each of the Closings and
                                                                 has not sold or otherwise transferred any such shares; provided,
                                                                 that such calculation shall not give effect to (i) any shares
                                                                 issued and sold as part of an offering of shares (or notes convertible
                                                                 into shares) in order to raise capital for the business of Company,
                                                                 (ii) any acquisition of another business in an arms’ length
                                                                 transaction, or (iii) any management share option plan, as long
                                                                 as such offering, acquisition or option plan shall have been
                                                                 approved by the Board and, as the result of such board-approved
                                                                 activities the Investor’s shareholding will not fall below
                                                                 8%, unless this requirement is waived by the Investor. This representation
                                                                 shall not be deemed to be a continuing covenant binding upon
                                                                 Pubco or the Company after the final Closing, but references
                                                                 solely the capitalization of the Company on that date,

 

    	19

    	 

    

 

		(q)	The
                                                                 terms governing the preferred shares that may be issued in Pubco
                                                                 to the Principal Shareholder are as set out in Exhibit “F”
                                                                 to this Annex 3
	 	 	 

		(r)	By entering
                                                                 this Agreement the Company, SPHSA and their subsidiaries and
                                                                 holding companies shall not fall into breach with respect to
                                                                 any contractual commitment that they are currently subject to.
	 	 	 

    	20

    	 

    

 

Annex 4

 

SurePure Investment
Holding AG Bank Account

 

Payee Name:
Surepure Investment Holding AG

Payee Remit
To Address: Dammstrasse 19, 6300/Zug, Switzerland

Payee City:
Zug

Payee State:
Zug

Payee Zip Code:
6300

Payee Country:
Switzerland

Payee Bank
Name: UBS AG, 9201 Gossau/Switzerland

Payee Bank
Routing Number: N/A

Payee Bank
Account Number: 0254-689639.61E

Payee SWIFT
code number: UBSWCHZH80A

Payee IBAN
code number: CH320025425468963961 E

Payee currency:
USD

 

    	21Surepure Investment Holding AG 

(CH-170.3.031.335-8)

 

Dammstrasse 19

CH-6301 Zug

Switzerland

Tel: +41 41 723-2192

Fax: +41 41 723 2194

 

www.surepure.net

 

22 November 2012

 

Trinity Asset Management (Pty) Ltd

Block F, The Terraces

1 Sliverwood Close

Steenberg Office Park

Cape Town

 

Attention : Mr James Fitzpatrick

 

Subscription Agreement dated 23 July
2012

 

Dear James

 

Reference is made to the Subscription Agreement,
dated July 23, 2012 (the “Subscription Agreement”), between yourselves and SurePure Investment Holding AG (the “Company”).
Capitalised terms used in this letter without definition shall have the respective meanings given them in the Subscription Agreement.

 

Section 7 of the Subscription Agreement
provides in pertinent part that if you or your Permitted Assignees fail to pay USD1,000,000 for any Share Installment, then the
Company shall have the right to terminate and rescind the Subscription Agreement on five days’ written notice to you.

The Company has previously given you notice
that you have failed to purchase and otherwise fulfill your obligations with respect to the 1,000,000 Common Shares to have been
purchased on or before October 31, 2012 and has afforded you the grace period required by Section 4.4.2.

 

The Company hereby terminates the Subscription
Agreement, and each and every right that you and your Permitted Assignees may have under the Subscription Agreement, including
the provisions of Section 8, 9 and 10 of the Subscription Agreement, but without releasing you from your obligations of confidentiality
under Section 11.1 of the Subscription Agreement and without termination of the appointment provided by Section 11.11 thereof.

 

 

    	 

    	 

    

 

Further, the Company reserves all rights
it may have against you under the Subscription Agreement or otherwise arising from your failure to perform.

 

By order of the Board

 

	 	/s/ Stephen Robinson
	 	Stephen Robinson

 

cc: Messrs:

Quinton George

Guy Kebble

John Ramsey

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