1.
............
Definitions and interpretation ....................................................................................1
1.1
Definitions
....................................................................................................1
1.2
Interpretation................................................................................................5
2.
............
Sale and purchase of
Assets.......................................................................................6
2.1
Sale and purchase.........................................................................................6
2.2
Mining Act
Condition...................................................................................6
3.
............
Right of First Refusal
.................................................................................................6
3.1
MRE..............................................................................................................6
4.
............
Conditions Precedent .................................................................................................8
4.1
Conditions Precedent to Completion .............................................................8
4.2
Completion
Conditional.................................................................................9
4.3
Reasonable
endeavours.................................................................................9
4.4
Waiver..........................................................................................................10
4.5
Notice...........................................................................................................10
4.6
Non-satisfaction ...........................................................................................10
5.
............
Conduct before Completion .....................................................................................11
5.1
Economic
Benefit........................................................................................11
5.2
Balancing
...................................................................................................11
5.3
Calculation of the balancing amount and dispute resolution........................12
5.4
Excluded Assets ..........................................................................................13
5.5
Obligations of Seller.....................................................................................13
5.6
Obligations of Buyer
...................................................................................13
5.7
Allocation of Purchase Price........................................................................14
5.8
Caveats........................................................................................................14
6.
............
Completion.................................................................................................................15
6.1
Completion date and place ..........................................................................15
6.2
Seller's obligations on Completion...............................................................15
6.3
Purchase Price ............................................................................................16
6.4
Buyer's obligations on
Completion..............................................................16
6.5
Completion condition
.................................................................................16
6.6
Payment of Purchase Price .........................................................................16
6.7
Title and risk
...............................................................................................17
6.8
Sale and purchase of Assets interdependent
...............................................17
6.9
Seller's deliveries after Completion..............................................................17
6.10
Access to records after Completion.............................................................17
6.11
Exploration Licences....................................................................................18
7.
............
Approval of Seller Guarantor Shareholders............................................................18
7.1
Shareholders’ Meeting.................................................................................18
7.2
Preparation of meeting documentation........................................................18
7.3
Compliance with ASX requirements ............................................................18
7.4
DRD Gold shareholder meeting waiver .......................................................19
8.
............
Warranties
.................................................................................................................19
8.1
Seller's Warranties.......................................................................................19
8.2
Survival of warranties and covenants ..........................................................19
8.3
Notice of breach...........................................................................................19
8.4
Consequence of breach of Seller’s Warranty by Seller
................................20