Shareholder Application Form

This Shareholders' Agreement ("Agreement") governs the terms and conditions applicable to any person who acquires ordinary shares in FreshSource Dairy (Pty) Ltd ("the Company").

By selecting "I Agree" during the online share subscription process, the shareholder confirms that they have read, understood and agree to be bound by this Agreement, the Company's Memorandum of Incorporation (MOI), and all applicable laws of the Republic of South Africa.

FreshSource Dairy (Pty) Ltd is a South African dairy processing company established to produce quality dairy products while creating long-term value through responsible business growth.

The Company is professionally managed by EquityHub Partners (Pty) Ltd, an Authorised Financial Services Provider (FSP No. 55889), which provides investment administration, corporate governance support and strategic management services.

3.1 Shares are offered at the subscription price published on the Company's official website or approved subscription documentation.

3.2 Shares are issued only after the Company confirms receipt of payment or approves an agreed payment arrangement.

3.3 The Company will maintain an electronic share register reflecting each shareholder's holdings.

3.4 Share ownership becomes effective only after the Company has accepted the subscription and issued the relevant shares.

Subject to the Companies Act, the Company's MOI and this Agreement, shareholders are entitled to:

• Own ordinary shares issued by the Company.

• Participate in shareholder meetings where applicable.

• Vote on matters reserved for shareholders under applicable law.

• Receive dividends if declared by the Board.

• Receive communications relating to their investment.

• Share in distributions on liquidation according to their shareholding and applicable law.

5.1 Dividends are not guaranteed.

5.2 Any dividend will be declared solely at the discretion of the Board of Directors and only where permitted by the Companies Act and supported by the Company's financial position.

5.3 Future business performance, profitability and cash flow will determine whether dividends are declared.

6.1 Any proposed transfer of shares shall comply with the Company's MOI and applicable law.

6.2 The Company may have a right of first refusal to purchase shares before they are transferred to another person, where provided for in the MOI or other applicable agreements.

6.3 No transfer is effective until recorded in the Company's share register.

7.1 The Company is managed by its Board of Directors.

7.2 EquityHub Partners provides professional management, financial administration and corporate governance support under separate management arrangements.

7.3 Shareholders acknowledge that day-to-day operational decisions are made by management and the Board.

Each shareholder agrees to:

• Comply with this Agreement and the Company's MOI.

• Provide accurate and complete information.

• Notify the Company of changes to their contact details.

• Act in good faith towards the Company.

• Refrain from conduct that materially prejudices the Company.

Shareholders shall keep confidential all non-public information relating to the Company's business, finances, operations, customers and commercial strategies unless disclosure is required by law or authorised by the Company.

The shareholder agrees that notices, reports, statements and other communications may be delivered electronically using the email address or mobile number supplied during the subscription process.

Electronic records shall be deemed received once successfully transmitted.

The shareholder consents to the Company collecting, processing, storing and using personal information for purposes including:

• Share administration.

• Regulatory compliance.

• Communication with shareholders.

• Dividend administration, where applicable.

• Verification of identity.

• Record keeping.

Personal information will be processed in accordance with the Protection of Personal Information Act, 2013 (POPIA).

The shareholder acknowledges that:

• An investment in a private company involves commercial and financial risk.

• The value of shares may increase or decrease over time.

• Past performance does not guarantee future performance.

• Dividends are not guaranteed and depend on the Company's financial performance and Board approval.

• The shareholder has had an opportunity to seek independent legal, tax and financial advice before investing.

Where a shareholder fails to comply with this Agreement or applicable law, the Company may exercise any rights available under the MOI, this Agreement or South African law after following any required notice procedures.

Except where prohibited by law, the Company, its directors, officers and authorised service providers shall not be liable for losses arising from normal commercial risks associated with operating the business.

Nothing in this Agreement limits liability arising from fraud, wilful misconduct or any liability that cannot lawfully be excluded.

The Company may amend this Agreement from time to time where permitted by law.

The latest version published on the Company's official website will apply to future subscriptions. Existing shareholders will be notified of material amendments where required by law.

The Parties will first attempt to resolve any dispute through good-faith negotiations.

If the dispute cannot be resolved, it may be referred to mediation and, if necessary, arbitration in accordance with the rules of the Arbitration Foundation of Southern Africa (AFSA), unless the Parties agree otherwise.

This Agreement shall be governed by the laws of the Republic of South Africa.

By selecting "I have read and agree to the Shareholders' Agreement" and submitting the online subscription application, the shareholder confirms that:

• They have read and understood this Agreement.

• They agree to be legally bound by its terms.

• The information provided in their application is true and correct.

• They understand the risks associated with investing in the Company.

• They consent to the electronic execution of this Agreement and acknowledge that their electronic acceptance constitutes a legally binding agreement to the extent permitted by applicable law.

EquityHub Partners (Pty) Ltd, acting as the management and investment administration partner of FreshSource Dairy (Pty) Ltd ("the Company")

and

The Shareholder ("You").

This Binding Memorandum of Understanding ("Agreement") sets out the mutual understanding between the Company and the Shareholder regarding the subscription for ordinary shares in FreshSource Dairy (Pty) Ltd and establishes the general rights and obligations of both Parties pending the completion of the share subscription process.

The Company agrees to:

2.1 Offer ordinary shares in FreshSource Dairy in accordance with applicable laws, the Company's Memorandum of Incorporation and internal policies.

2.2 Provide accurate and transparent information regarding the Company's operations, share subscription process, pricing, business objectives and project development.

2.3 Manage the Company's business in a professional manner through EquityHub Partners (Pty) Ltd, applying sound corporate governance, financial management and administrative oversight.

2.4 Keep shareholders reasonably informed of significant business developments through official communications.

The Shareholder agrees to:

3.1 Purchase shares in accordance with the Company's published subscription process.

3.2 Pay the subscription amount in full or in accordance with any approved payment arrangement.

3.3 Provide accurate and complete information during the application process.

3.4 Comply with the Company's Memorandum of Incorporation, policies and any applicable Shareholders' Agreement.

3.5 Maintain the confidentiality of non-public information relating to the Company.

The Parties acknowledge that the Company intends to:

• Raise capital for business growth.

• Expand dairy production and processing capacity.

• Invest in modern manufacturing technology.

• Strengthen distribution and market presence.

• Build long-term value for the Company and its shareholders.

Any dividends or shareholder distributions will be considered by the Board of Directors in accordance with the Company's financial performance, applicable law, the Memorandum of Incorporation and any approved dividend policy.

Nothing in this Memorandum constitutes a guarantee of dividends, returns or future financial performance.

If the Shareholder fails to comply with the agreed subscription terms or materially breaches this Agreement, the Company may exercise any rights available under applicable law, the Company's Memorandum of Incorporation and any applicable agreements.

Both Parties agree to keep confidential all non-public commercial, financial and operational information relating to the Company.

This obligation survives the termination of this Agreement for a period permitted by applicable law or any subsequent agreement between the Parties.

Any dispute arising from this Agreement shall first be resolved through good-faith negotiations.

If the dispute remains unresolved within thirty (30) days, the Parties may refer the matter to mediation.

Should mediation fail, the dispute may be referred to arbitration in accordance with the rules of the Arbitration Foundation of Southern Africa (AFSA).

The seat of arbitration shall be Johannesburg, South Africa.

This Agreement shall be governed by and interpreted in accordance with the laws of the Republic of South Africa.

This Memorandum records the Parties' general understanding regarding the share subscription process.

Where applicable, a formal Shareholders' Agreement, the Company's Memorandum of Incorporation and any other governing documents will regulate the ongoing rights and obligations of shareholders.

By selecting "I have read and agree to this Memorandum of Understanding" and submitting the online share application, the Shareholder confirms that:

• They have read and understood this Memorandum.

• They agree to be bound by its terms.

• The information provided is true and correct.

• They acknowledge that this electronic acceptance has the same force and effect as a handwritten signature, to the extent permitted by applicable South African law.

By submitting this Memorandum of Understanding, you are requesting to subscribe for shares in FreshSource Dairy (Pty) Ltd.

An administrator will review your application, verify the information provided, and contact you regarding the next steps in the subscription process.

Please do not submit payment card details or other sensitive financial information through this form.

FreshSource Dairy (Pty) Ltd, professionally managed by EquityHub Partners (Pty) Ltd ("the Company")

and

The Shareholder ("You").

This Non-Disclosure and Confidentiality Agreement ("Agreement") governs the protection of confidential information shared between the Company and the Shareholder during the share subscription process and throughout the Shareholder's relationship with the Company.

The Shareholder acknowledges that they may receive confidential, proprietary, commercial, financial or operational information relating to FreshSource Dairy and agrees to protect such information in accordance with this Agreement.

For purposes of this Agreement, "Confidential Information" means any information, whether written, electronic, oral or visual, that is not publicly available, including but not limited to:

• Business strategies and development plans.

• Manufacturing processes and production methods.

• Dairy processing technologies.

• Financial information and budgets.

• Business plans and expansion strategies.

• Shareholder registers and shareholder information.

• Share subscription information.

• Pricing structures and commercial information.

• Supplier and customer information.

• Marketing plans.

• Operational procedures.

• Trade secrets.

• Intellectual property.

• Software, databases and internal systems.

• Contracts, agreements and commercial negotiations.

• Any information designated by the Company as confidential.

Confidential Information does not include information that:

• Is already publicly available through no fault of the Shareholder.

• Is lawfully received from a third party without confidentiality restrictions.

• Is independently developed without reference to the Company's Confidential Information.

• Must be disclosed by law, provided the Shareholder gives the Company prompt written notice where legally permitted.

The Shareholder agrees to:

• Keep all Confidential Information strictly confidential.

• Use Confidential Information only for purposes relating to their shareholder relationship with the Company.

• Not copy, distribute, reproduce or publish Confidential Information without prior written consent.

• Take reasonable measures to protect Confidential Information against unauthorised access.

• Immediately notify the Company of any suspected unauthorised disclosure.

Confidential Information may only be disclosed:

• With the Company's prior written consent.

• Where disclosure is required by law or a court of competent jurisdiction.

• To the Shareholder's legal or professional advisers who are themselves bound by confidentiality obligations.

During the Shareholder's relationship with the Company, the Shareholder agrees not to knowingly use the Company's Confidential Information to unfairly compete with the Company or otherwise misuse proprietary information to the detriment of the Company.

Nothing in this clause is intended to prevent lawful competition beyond what is enforceable under applicable South African law.

Without the Company's prior written consent, the Shareholder agrees not to knowingly use Confidential Information to:

• Solicit the Company's employees for competing business.

• Solicit the Company's suppliers or customers using confidential business information.

• Encourage employees to terminate their employment with the Company.

All Confidential Information remains the exclusive property of FreshSource Dairy (Pty) Ltd.

Nothing contained in this Agreement grants the Shareholder any ownership, licence or intellectual property rights other than those expressly provided by law.

This Agreement becomes effective when the Shareholder electronically accepts its terms.

The confidentiality obligations continue throughout the Shareholder's relationship with the Company and for five (5) years after the Shareholder ceases to hold shares or otherwise receives Confidential Information, unless a longer period is required by law.

The Shareholder acknowledges that unauthorised disclosure of Confidential Information may cause significant harm to the Company.

Where permitted by law, the Company may seek appropriate legal remedies, including an interdict (injunction), damages or any other remedy available under South African law.

The Parties agree that electronic communications and electronic acceptance of this Agreement shall have the same force and effect as written acceptance, to the extent permitted by applicable South African law.

The Company will collect, process and store personal information in accordance with the Protection of Personal Information Act, 2013 (POPIA).

Personal information will only be used for lawful business purposes, including shareholder administration, regulatory compliance and communication.

This Agreement shall be governed by and interpreted in accordance with the laws of the Republic of South Africa.

Any disputes shall be resolved in accordance with applicable South African law.

This Agreement constitutes the entire understanding between the Company and the Shareholder concerning confidentiality and supersedes any previous discussions relating to the same subject matter.

By selecting "I have read and agree to the Non-Disclosure and Confidentiality Agreement" and submitting the online share application, the Shareholder confirms that:

• They have read and understood this Agreement.

• They agree to be legally bound by its terms.

• Their electronic acceptance constitutes valid acceptance of this Agreement to the extent permitted by applicable South African law.

By accepting this Agreement, you acknowledge your obligation to protect the confidential information of FreshSource Dairy (Pty) Ltd throughout your relationship with the Company.

Please do not submit payment card details or other sensitive financial information through this online application.