Debenture Applicaiton Form.pdf

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DEED OF SALE OF DEBENTURES 
 
Memorandum of Agreement entered into by and between: 
 
MGH Development Holdings (Pty) LTD 
 
of 113 (b) Erasmus Avenue, Raslouw, Centurion 0157, herein represented by the directors PG (Gerhard) 
Ackerman & MS (Meldon) Verster who warrants that they are duly authorized to enter into this agreement 
(Hereinafter referred to as the “Company”) of the one part: 
 
And 
 
 
Name: _____________________________________________ 
 
ID: _____________________________________________ 
 
Address: _____________________________________________ 
 
duly represented by ____________________________ who warrants that he/she is authorized to 
enter into this agreement 
(hereinafter referred to as the “investor”) of the other part: 
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DEED OF SALE OF DEBENTURES (“INVESTMENT UNITS”) IN MGH Development Holdings 
Page 2/5 
Whereas 
The investor hereby subscribes for or agrees to purchase ______ (_____________________) 
debentures of R 1 000 each at the par value thereof (hereby referred to as “investment units”) in 
the company which will have a guaranteed return as per the table in Annexure A. 
And the company is prepared to issue the debentures in the company to the investor, subject to 
certain conditions: 
Therefore 
The parties now agree that the Company hereby issues _____ (_____________________) 
debentures or investment units of R1,000 (one thousand Rand each) at par value subject to the 
conditions set forth in this agreement namely: 
PURCHASE PRICE 
The subscription price is the sum of R_____________ (__________________________________) 
for the payment of ______ debentures of R 1,000 each at par value. 
MANNER OF PAYMENT 
The purchase price shall be paid by the investor in cash or cheque into the account of the 
company within 30 days of the date of signature hereof.  The account details of the company are 
as follows: 
BANK: 
Standard Bank 
BRANCH: 
Centurion 
ACCOUNT: 
41 140 698 1 
BRANCH CODE: 
012-645 
NAME OF ACCOUNT: 
MGH Development Holdings (Pty) Ltd. 
DEED OF SALE OF DEBENTURES (“INVESTMENT UNITS”) IN MGH Development Holdings 
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DELIVERY BY COMPANY 
The Company shall deliver to the Investor within 30 business days of payment date: 
a) 
The debenture certificates of the investment units hereby sold duly signed by the company. 
b) 
A resolution by the directors of the company, which approves the creation, and issue of the 
debentures to the investor. 
RETURNS ON DEBENTURES 
The company warrants and guarantees that the debentures will earn a return of 18% per annum. 
These returns shall be paid to the investor at the end of the contract term. 
(Banking Details) 
______________________________________________________________________________ 
______________________________________________________________________________ 
The company shall redeem the debentures at the end of 3 years or after any extension of the 
period as may be agreed upon between the parties. At the end of the 3 years or any extension 
thereof, the Company shall redeem the debentures at the price as per the deemed value reflected 
in the table annexed hereto marked “A” 
PRE-EMPTIVE RIGHTS 
It is agreed by the investor that should the investor at any time wish to sell some or all of his 
investment units he shall first offer these to the Company’s shareholders and directors at the 
deemed value thereof as per annexure “A”. The investor shall inform the Company in writing of his 
intention to sell the investment units and the Company’s shareholders and directors shall have a 
period of 30 days from receipt of a prepaid registered letter to exercise its option to acquire the 
investment units at the deemed value in accordance with annexure “A”. Should no existing 
shareholder of the company exercise their rights to purchase the investment units then the 
purchaser shall have the right to sell the investment units to any third party. 
All dates in the annexure “A” hereof shall be with reference to the signature date of this agreement. 
DEED OF SALE OF DEBENTURES (“INVESTMENT UNITS”) IN MGH Development Holdings 
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It is noted and agreed that the returns on the debentures shall commence from the month following 
the date of signature of this agreement. 
COSTS 
The seller shall be responsible for all the costs related to this transaction including preparation of 
this agreement and all costs in connection with the transfer of shares and debentures and all 
matters connected with this transaction. 
BREACH 
In the event of the company committing a breach of any of the terms and conditions hereof and 
remaining in default for a period of 21 days after receipt by if of a written notice calling for such 
breach to be remedied, the investor shall be entitled, without prejudice to any other rights it may 
have hereunder or in law, to: 
a) 
Claim specific performance; or 
b) 
Terminate this agreement, in which event the investor will be entitled to claim the capital 
inclusive of the deemed increase in the capital as per annexure “A” hereto as well as any 
outstanding returns together with interest on these amounts. 
DOMICILIUM 
The parties choose the following address as their domicilium cifandi et execufandi for all purposes 
of this agreement as follows: 
THE COMPANY 
Address: 
113 (b) Erasmus Avenue, Raslouw, Centurion, 0157 
Telephone: 
(012) 666-8155 
Fax: 
(012) 666-8156 
E-mail: 
meldon@mghdh.co.za
DEED OF SALE OF DEBENTURES (“INVESTMENT UNITS”) IN MGH Development Holdings 
Page 5/5 
THE INVESTOR 
Address: 
___________________________________________________________ 
 
___________________________________________________________ 
Tel.: 
(____) ____-_________ 
Fax: 
(____) ____-_________ 
E-mail: 
___________________________________________________________ 
 
Signed at ____________________________ on this _______ day of __________________ 2008 
Witnesses: 
1. 
______________________________ 
_____________________________ 
2. 
______________________________ 
Applicant’s Signature 
AUTHORISED FOR THE COMPANY 
 
Signed at ____________________________ on this _______ day of __________________ 2008 
Witnesses: 
1. 
______________________________ 
_____________________________ 
 
DIRECTOR 
2. 
______________________________ 
_____________________________ 
 
DIRECTOR