Common use of RECORDALS Clause in Contracts

RECORDALS. 2.1 In terms of the Khumo Gold SPV Pref Share Subscription Agreement, DRDGOLD will subscribe for cumulative participating compulsorily redeemable class B preference shares in Khumo Gold SPV, on condition, inter alia, that Khumo Gold SPV exercises its portion of the Option and applies the proceeds of the said subscription to inter alia pay its portion of the Option Price. 2.2 In addition, in terms of the Trust Loan Agreement, DRDGOLD will lend and advance to the Trust inter alia such amount as will enable the Trust to exercise its portion of the Option and pay its portion of the Option Price. 2.3 The Parties wish to record in writing their agreement in respect of the above and matters ancillary thereto.