Common use of Banro Events of Default Clause in Contracts

Banro Events of Default. 37 10.1 Banro Events of Default 37 10.2 Remedies 38 ARTICLE 11 PURCHASER EVENTS OF DEFAULT 39 11.1 Purchaser Events of Default 39 11.2 Remedies 39 ARTICLE 12 TERMINATION ENTITLEMENT 39 12.1 Termination Entitlement 39 ARTICLE 13 GENERAL 39 13.1 Disputes and Arbitration 39 13.2 Further Assurances 40 13.3 Reimbursement of Expenses 40 13.4 Termination; Survival 41 13.5 No Joint Venture 41 13.6 No Royalty 41 13.7 Governing Law 41 13.8 Notices 41 13.9 Press Releases 43 13.10 Amendments 43 13.11 Beneficiaries 43 13.12 Entire Agreement 43 13.13 Priority Debt Sharing Confirmation 43 13.14 Waivers 44 13.15 Severability 44 13.16 Assignment 44 13.17 Counterparts 44 THIS GOLD PURCHASE AND SALE AGREEMENT dated as of February 27, 2015. BETWEEN: TWANGIZA GFSA HOLDINGS, an exempted company incorporated under the laws of Cayman Islands (the “Purchaser”) - and - BANRO CORPORATION, a corporation existing under the laws of Canada (“Banro”) - and -

Banro Events of Default. 37 36 10.1 Banro Events of Default 37 36 10.2 Remedies 38 37 ARTICLE 11 PURCHASER EVENTS OF DEFAULT 39 38 11.1 Purchaser Events of Default 39 38 11.2 Remedies 39 38 ARTICLE 12 TERMINATION ENTITLEMENT 39 12.1 Termination Entitlement 39 ARTICLE 13 GENERAL 39 13.1 Disputes and Arbitration 39 13.2 Further Assurances 40 39 13.3 Reimbursement of Expenses 40 39 13.4 Termination; Survival 41 40 13.5 No Joint Venture 41 13.6 No Royalty 41 13.7 Governing Law 41 13.8 Notices 41 13.9 Press Releases 43 42 13.10 Amendments 43 42 13.11 Beneficiaries 43 42 13.12 Entire Agreement 43 13.13 Priority Debt Sharing Confirmation 43 13.14 Waivers 44 43 13.15 Severability 44 43 13.16 Assignment 44 43 13.17 Counterparts 44 THIS GOLD PURCHASE AND SALE AGREEMENT dated as of February 27, 2015. BETWEEN: TWANGIZA GFSA HOLDINGS, an exempted company incorporated under the laws of Cayman Islands (the “Purchaser”) - and - BANRO CORPORATION, a corporation existing under the laws of Canada (“Banro”) - and -