1. PRE TENDER FINALISATION PROJECT: VISION SCHOOL – DIVUNDU, KAVANGO building trust

2. CONTRACT DETAILS CLIENT : MINISTRY OF EDUCATION & THE EDUCATION DEVELOPMENT FUND - NAMIBIA CONSULTANTS PRINCIPAL AGENT : NINA MARITZ ARCHITECTS ARCHITECT : NINA MARITZ ARCHITECTS ENGINEERING (STRUCTURAL AND CIVIL) : BUHRMANN & PARTNERS ENGINEER (ELECTRICAL) : EMCON CONSULTING ENGINEERS ENGINEER (MECHANICAL) : EMCON CONSULTING ENGINEERS ENGINEER (FIRE PROTECTION) : TBA ENGINEER (ACOUSTIC) : TBA HEALTH AND SAFETY : TBA QUANTITY SURVEYOR : PHILLIP MAIN QUANTITY SURVEYORS COMPETITORS : NEW ERA, QUING JIUNGTSE (CHINESE), J2C, WAKUDUMO CIVILS, GLORY CONTRACTORS, M&R CLOSING DATE : 20 APRIL 2010 WINDHOEK, NAMIBIA CONSTRUCTION START DATE : 18 MAY 2010 PRACTICAL COMPLETION : PHASE 1 – 30 NOVEMBER 2011, PHASE 2 – 30 MAY 2012 CONTRACT END DATE : STANDARD (PDLP 12 MONTHS) PENALTIES : PHASE 1 - 30,000.00 N$ PER CALENDAR DAY PHASE 2 – 10,000.00N$ PER CALENDAR DAY ESCALATION : FIXED PRICE building trust

3. CONTRACT DETAILS CONTRACTUAL DOCUMENTATION: CONDITIONS OF CONTRACT : WHITE FORM OF CONTRACT AMMENDED INSURANCES CAR : CONTRACTOR? SASRIA : CONTRACTOR? PUBLIC LIABILITY : CONTRACTOR (2,000,000.00 N$) LATERAL SUPPORT : N/A VALUE TO INSURE : CONTRACT SUM + 20% WAIVER OF LIEN : YES? ALTERED CLAUSES TO CONTRACT : YES, ADRIAAN FOURIE TO COMMENT PLANNING AND PROGRAMMING: ALLAN OSTERLOH TO COMMENT SCOPE THE WORKS: CONSTRUCTION OF A NEW SECONDARY SCHOOL WITH HOSTEL FACILITIES, SEVERAL BUILDINGS ARE DOUBLE STOREY. THE OVERALL BUILDING AREA IS APPROXIMATELY 10,400m2 AND COMPRISES 28NO BUILDINGS. building trust

4. RISKS AND OPPORTUNITIES • TIME • PENALTIES ON PROGRAMME IS ACCEPTABLE • TECHNICALITY • - LOGISTICS IS A PROBLEM • CO-ORDINATION OF THE TECHNICAL SERVICES REQUIRED • CONSULTANTS – UNKNOWN • MATERIAL DELIVERIES • CUSTOMS DUTIES FOR IMPORTED GOODS • ONLY NAMIBIAN PEOPLE TO BE EMPLOYED FOR UNSKILLED AND SEMI SKILLED WORK, UNLESS IT CAN BE PROVED THAN NO NAMIBIAN ONES ARE AVAILABLE • WORK PERMITS FOR NMC MANAGEMENT GOING THERE • NAMIBIAN LABOUR REGULATIONS AND WAGE AGREEMENTS • LANGUAGE BARRIER • CLIENT • CONTRACTUAL AGREEMENT DOCUMENTS • - PAYMENT GUARANTEE building trust • OTHER • - SUBCONTRACTORS QUALITY, WETWORKS QUALITY • OPPORTUNITIES: • POSSIBILITY OF CONSULTANT RELATIONSHIPS (ARCHITECT) SHOULD PROJECT BE SUCCESSFUL AND BENCHMARK PROJECT IN THE AREA