This Agreement may not be cancelled or terminated by any Party and will endure with respect to each Shareholder (for so long as that person or entity is a Shareholder) and the Company indefinitely or until terminated by the unanimous written consent of all the Parties. Subject always to clause 10.1, if any Party breaches any material provision or term of this Agreement (other than those which contain their own remedies or limit the remedies in the event of a breach thereof) and fails to remedy such breach within 14 days of receipt of written notice requiring it to do so then the aggrieved Party shall be entitled without notice, in addition to any other remedy available to it at law (except for cancelation or termination) or under this Agreement, including obtaining an interdict or to claim specific performance of any obligation whether or not the due date for performance has arrived, in either event without prejudice to the aggrieved Party's right to claim damages. GOVERNING LAW AND SUBMISSION TO JURISDICTION This Agreement and any matter arising from this Agreement shall be governed by and interpreted in accordance with the laws of the Republic of South Africa. The Parties hereby consent and submit to the exclusive jurisdiction of the Western Cape High Court in respect of any litigation arising in terms of this Agreement, subject to the provisions of clause 12. ARBITRATION Other than in respect of those provisions of the Agreement which provide for their own remedies which would be incompatible with arbitration, a dispute which arises in regard to – the interpretation of; the carrying into effect of; any of the Parties' rights and obligations arising from;
This Agreement may not be cancelled or terminated by any Party and will endure with respect to each Shareholder (for so long as that person or entity is a Shareholder) and the Company indefinitely or until terminated by the unanimous written consent of all the Parties. Subject always to clause 10.1, if any Party breaches any material provision or term of this Agreement (other than those which contain their own remedies or limit the remedies in the event of a breach thereof) and fails to remedy such breach within 14 days of receipt of written notice requiring it to do so then the aggrieved Party shall be entitled without notice, in addition to any other remedy available to it at law (except for cancelation or termination) or under this Agreement, including obtaining an interdict or to claim specific performance of any obligation whether or not the due date for performance has arrived, in either event without prejudice to the aggrieved Party's right to claim damages. GOVERNING LAW AND SUBMISSION TO JURISDICTION This Agreement and any matter arising from this Agreement shall be governed by and interpreted in accordance with the laws of the Republic of South Africa. The Parties hereby consent and submit to the exclusive jurisdiction of the Western Cape High Court in respect of any litigation arising in terms of this Agreement, subject to the provisions of clause 12. ARBITRATION Other than in respect of those provisions of the Agreement which provide for their own remedies which would be incompatible with arbitration, a dispute which arises in regard to – the interpretation of; the carrying into effect of; any of the Parties' rights and obligations arising from;
Subscription_Agreement.docx