Exit levy

An amount of 1% (one percent) of the purchase price payable (or if there is no purchase price paid or payable, then 1% (one percent) of the fair market value of the Erf or Unit) in respect of each Erf or Unit (as the case may be) sold by a Member to a third party up to a maximum of R100 000 (one hundred thousand Rand) (escalated annually at the discretion of the trustees, please ascertain) per sale transaction will be paid by the Member (as seller of the Erf or Unit)to the Association.