In terms of SECTION 11 of the ELECTRONIC COMMUNICATIONS AND
TRANSACTIONS (ECT) ACT 25 of 2002 and the COMMON LAW OF CONTRACT, these TERMS & CONDITIONS are valid, binding and enforceable against all persons that access the TechFund web site, web pages or any part thereof.

If you do not agree to be bound by these TERMS & CONDITIONS you may not use the TechFund web site. Reasonable use of the TECHFUND web site shall automatically bind the user to this agreement.

(i) "the TechFund web site" means the TechFund Investors' Club web site, owned and operated by TechFund Investors' Club and located at
http://www.techfund.co.za, including any page, part or element thereof;

(ii) "TechFund" means TechFund Investors' Club.

(iii) "User" means any person who enters or uses the TechFund web site,
notwithstanding the fact that such a person only visits the home page of the TechFund web site.

(iv) "Member" means any subscriber who has access to the Members Section of the TechFund web site by using his allocated username and password.

(v) References herein to the singular includes the plural and vice versa.

(vi) Certain pages are subject to their own set of terms and conditions and such terms and conditions available on the TechFund web site are deemed to be included and part of these terms and conditions. Such pages are:

• All the pages in TechFund's Members Section/Area.

1. GENERAL
TechFund Investors' Club represents people from all walks of life with the desire to know more about the Stock Exchange and the dealing in equities. The name TechFund is derived from Technical and Fundamental analysis. That means our aim is to evaluate shares on a technical analysis method (charts, indicators, volumes, etc) as well as on their fundamental strength (financial statements, profit and growth potential) to determine which shares to trade (selection) and when to trade (timing).

2. ALLOWED USE AND LICENSE
2.1 TechFund licences the User/Member to view, save and print the content of the TechFund web site, provided that such content is used for private, personal and non-commercial purposes only or to view, save and print this agreement for legal and/or evidential purposes as detailed in section 11(3) of the ECT Act.

2.2 Content from the TechFund web site may not be used or exploited by Users/Members for any commercial and non-private purposes without the prior written consent of TechFund.

2.3 Users/Members may only access, browse and use the TechFund web site for legitimate personal or non-commercial purposes and may not use the TechFund web site or any TechFund services and/or products for:

2.3.1 The creation, storage and sending of unsolicited commercial
communications;

2.3.2 Disclosing, sharing or publishing material that may be offensive,
defamatory, regulated, prohibited, infringing or damaging to any person and/or lead to a loss of income for TechFund;

2.3.3 Illegal purposes;

2.3.4 Harmful puposes.

2.4 The caching of the TechFund web site shall only be allowed if:

2.4.1 The cached content is removed or updated when so required by
TechFund;

2.4.2 The cached content is updated at least every 24 (twenty four)
hours; and

2.4.3 The cached content is not modified in any manner whatsoever.

2.5 If any User/Member uses content from the TechFund web site in breach of the provisions detailed herein:

2.5.1 TechFund reserves the right to claim damages from the
User/Member;

2.5.2 TechFund reserves the right to institute criminal proceedings against
the User/Member; and

2.5.3 TechFund shall not be liable, in any manner whatsoever, for any
damage, loss or liability that resulted from the use of such content by the
User/Member or any third party who obtained any content from the User/Member.

2.6 Hyperlinks to the TechFund web site from any other source shall be
directed at the home page of the TechFund web site. Links beyond the
TechFund home page may only be used with TechFund's prior written consent.

2.7 TechFund shall not be liable, in any manner whatsoever, for any damage, loss or liability that resulted from the use of content, products or services available from the TechFund web site, if such content, products or services was accessed through a hyperlink not directed at the home page of the TechFund web site. Persons that wish to link to pages beyond the home page of the TechFund web site without TechFund's prior written consent shall do so at their own risk and indemnify TechFund against any loss, liability or damage that may result from the use of such hyperlinks. TechFund's non-liability for deep linking is based on the fact that deep links bypass these terms and conditions.

2.8 Users/Members may quote small and reasonable amounts of content
available from the TechFund web site and only if such a quote is placed in
inverted commas and properly acknowledged.

2.9 No person may, without the prior written consent of TechFund, frame the TechFund web site in any manner whatsoever.

2.10 Apart from bona-fide search engine operators, no person may use or
attempt to use any technology or applications (including web crawlers, robots, spyware or web spiders) to search, collect or copy content from the TechFund web site for any purpose whatsoever, without the prior written consent of TechFund.

2.11 E-mail addresses and names published on the TechFund web site may not be incorporated into any database used for electronic marketing or similar purposes. No permission is given or should be implied that the information on the TechFund web site may be used to communicate unsolicited communications to TechFund and all rights detailed in 45 of the ECT Act are reserved.

2.12 All license and/or permissions granted in terms of this clause 2 are
provided on a non-exclusive and non-transferable basis and may be terminated or cancelled by TechFund at any time without prior notice or reasons.

3. INTELLECTUAL PROPERTY RIGHTS
3.1 All intellectual property on the TechFund web site, including but not
limited to content, trademarks (or any confusingly similar trademarks), logos, pictures, video, downloads, domain names, patents, design elements, software, source code, meta tags, databases, text, graphics, icons and hyperlinks are the property of or licensed to TechFund and as such, are protected from infringement by domestic and international legislation and treaties. Subject to the rights licensed to the User/Member in clause 2, all other rights to intellectual property on the TechFund web site are expressly reserved.

3.2 No person may use logos, icons or trade marks from the TechFund web site as hyperlinks or other purpose without TechFund's prior written consent.

4. SOFTWARE AND EQUIPMENT
It is the responsibility of the User/Member to acquire and maintain, at
his/her own expense, the necessary computer hardware, software,
communication lines and Internet access accounts required to access the
Internet and the TechFund web site and/or download content from the
TechFund web site.

5. DISCLOSURES REQUIRED BY SECTION 43 OF THE ECT ACT
These terms and conditions as well as product and/or service specific terms and conditions govern the sale of goods and/or provision of services from or through the TechFund web site.

Access to the services, software and content available from the TechFund web site may be classified as "electronic transactions" as defined in terms of the ECT Act and therefore Users/Members have the rights detailed in Chapter 7 of the ECT Act and TechFund has, amongst others, the duty to disclose the following information:

5.1 The full name and legal status of the web site owner: TechFund Investors' Club, a privately owned business.

5.2 Owners: J Geldenhuys BComm (Econ.), ILPA and J Geldenhuys Jnr.
BComm (Acc.), BComm Hons., MBA.

5.3 Street address: 1 Sovereign Street, Roodepoort, SA.

5.4 Postal address: Postnet Suite 240, Private Bag X7260, Witbank, 1035.

5.5 Physical address for receipt of legal service: 1 Sovereign Street, Roodepoort.

5.6 Main business: Share recommendations and provision of relevant
information.

5.7 The web site address of the TechFund web site is:
http://www.techfund.co.za

5.8 The official e-mail address of the TechFund web site is:
shares@techfund.co.za

5.9 Management: J Geldenhuys.

5.10 Description of services and/or goods: Subscriptions offered to
Members for services rendered exclusively by TechFund as well as intermediate contact provided with specific software suppliers.

5.11 The costs associated with the access and use of contents and/or
software:

5.11.1 A monthly subscription fee of R 60.00 for domestic Members and
US$15.00 for international Members are payable for access and use of content on the TechFund web site.

5.11.2 Software prices and downloading costs can be obtained directly
from TechFund via the TechFund web site - note that the suppliers will inform TechFund of the latest ruling prices applicable to their software programmes.

5.12 Manner of payment: Monthly subscription fees payable by Members directly to TechFund's bank account by stop order or electronic fund transfer (EFT) on or before the fifth (5) day of each month.

5.12.1 Membership to TechFund can be terminated at any stage by any
Member by notifying TechFund via e-mail of the Member's intention to do so.

6. CHANGES AND AMENDMENTS
TechFund reserves the right, in its sole and absolute discretion, to do any of the following, at any time without prior notice or justification:
6.1 change these terms and conditions;

6.2 change the content and/or services available from the TechFund web
site;

6.3 discontinue any aspect of the TechFund web site or service(s)
available from the TechFund web site; and/or

6.4 change the software and hardware required to access and use the
TechFund web site.

7. PRIVACY
7.1 TechFund shall take all reasonable steps to protect the personal
information of Users/Members and for the purpose of this clause, "personal information" shall be defined as detailed in the Promotion of Access to Information Act 2 of 2000 (PAIA).

7.2 TechFund may electronically collect, store and use the following personal information of Users/Members:

7.2.1 name and surname;

7.2.2 area code;

7.2.3 contact numbers;

7.2.4 e-mail address;

7.2.5 IP address; and/or

7.2.6 non-personal browsing habits and click patterns.

7.3 TechFund collects, stores and uses the abovementioned information for the following purposes:

7.3.1 Communicate requested information to the User/Member;

7.3.2 Provide services to the User/Member as requested by the
User/Member;

7.3.3 Authenticate the User/Member;

7.3.4 Provide the User/Member with access to restricted pages on this
web site; and

7.3.5 Compile non -personal statistical information about browsing habits,
click-patterns and access to the TechFund web site.

7.4 Information detailed above is collected either electronically by using
cookies or is provided voluntarily by the User/Member. Users/Members may determine cookie use independently through their browser settings. For purposes of this clause, a cookie means a small computer file created by a web browser to save User/Member information for web site.

7.5 TechFund may collect, maintain, save, compile, share and disclose any information collected from Users/ Members, subject to the following provisions:

7.5.1 TechFund shall not disclose personal information from Users/Members unless the User/Member consents thereto;

7.5.2 TechFund shall disclose personal information without the User's/Member's consent only through due legal process; and

7.5.3 TechFund may compile, use and share any information that does not relate to any specific individual.

7.6 TechFund owns and retains all rights to non-personal statistical
information collected and compiled by the TechFund web site.

8. HYPERLINKS TO THIRD PARTY SITES
8.1 TechFund may provide hyperlinks to web sites not controlled by
TechFund ("target sites") and such hyperlinks do not imply any endorsement, agreement on or support of the content, products and/or services of such target sites.

8.2 TechFund does not editorially control the content, products and/or
services on target sites and shall not be liable, in any manner whatsoever, for the access to, inability to access, use, inability to use or content available on or through target sites.

9. SECURITY
9.1 TechFund shall take all reasonable steps to secure the content of the
TechFund web site and the information provided by and collected from
Users/Members from unauthorised access and/or disclosure. However,
TechFund does not make any warranties or representations that content shall be 100% safe or secure.

9.2 Subject to the provisions of sections 43(5) and 43(6) of the ECT Act and the requirements for a valid electronic invoice issued by the South African Revenue Service from time to time, if applicable, TechFund is under no legal duty to encrypt any content or communications from and to Users/Members and is also under no legal duty to provide digital authentication of any pages on the TechFund web site.

9.3 Users/Members may not deliver or attempt to deliver, whether on
purpose or negligently, any damaging code, such as computer viruses, robots or spyware, to the TechFund web site or the server and computer network that support the TechFund web site.

9.4 Notwithstanding criminal prosecution, any person who delivers or
attempts to deliver any damaging code to the TechFund web site, whether on purpose or negligently, shall, without any limitation, indemnify and hold TechFund harmless against any and all liabilities, damages, risks and losses that Techfund and its partners/affiliates/associates may suffer as a result of such delivery, attempt or damaging code.

9.5 Users/Members may not develop, distribute or use any device or
programme designed to breach or overcome the security measures of the
restricted pages, products and services on the TechFund web site and TechFund reserves the right to claim damages from any and all persons involved, directly and indirectly, in the development, use and distribution of such devices or programmes.

9.6 Users/members who commit any of the offences datailed in sections 85 to 88 of the ECT Act shall, notwithstanding criminal prosecution, be liable for all resulting liabilities, losses, destruction or damages suffered and/or incurred by TechFund and its partners/affiliates/associates due to or related to these illegal actions.

10. DISCLAIMER AND LIMITATION OF LIABILITY
10.1 Subject to the provisions of sections 43(5) and 43(6) of the ECT Act, if applicable, and as far as allowed by law, TechFund (including its owners,
employees, suppliers, Internet service providers, partners, affiliates, associates and agents) shall not be liable for any damage, loss or liability of any nature incurred by whomever and resulting from:

10.1.1 access to the TechFund web site;

10.1.2 access to web sites linked to the TechFund web site;

10.1.3 inability to access to the TechFund web site

10.1.4 inability to access to web sites linked to the TechFund web site;

10.1.5 content available on the TechFund web site;

10.1.6 services available from the TechFund web site;

10.1.7 products available from the TechFund web site;

10.1.8 downloads and use of content from the TechFund web site; and/or

10.1.9 any other reason not directly related to TechFund's gross
negligence.

10.2 TechFund's web site is supplied on an "as is" basis and has not been
compiled to meet the User's/Member's individual requirements. It is the
responsibility of the User/Member to satisfy himself or herself, prior to entering into this agreement with TechFund, that the content available from and through the TechFund web site meet the User's/Member's individual requirements and is compatible with the User's/Member's computer hardware and/or software.

10.3 Information, ideas and opinions expressed on the TechFund web site should not be regarded as the only professional advice or the official opinion of TechFund, unless clearly stated as such, and Users/Members are encouraged to consult other professionals for advice before taking any course of action related to the information, ideas or opinions expressed on the TechFund web site.

10.4 TechFund does not make any warranties or representation that content and services available from the TechFund web site shall in all cases be true, correct or free from any errors. TechFund shall take all reasonable steps to ensure the quality and accuracy of content available from the TechFund web site.

10.5 TechFund does not make any warranties or representations that the
TechFund web site will be available at all times. Users/Members acknowledge that the TechFund web site may be unavailable due to updates or other causes beyond the reasonable control of TechFund, including, but not limited to virus infection, unauthorised access (hacking), power failure, communication line failures or other "acts of God".

11. REMOVAL AND CORRECTION OF CONTENT
Users/Members are encouraged to report untrue, inaccurate, defamatory,
illegal, infringing and/or harmful content available from the TechFund web site to TechFund and TechFund undertakes to correct and/or remove such content or any part thereof if the person reporting such content provided reasonable grounds to prove the alleged nature of the content.

12. INTERCEPTION OF COMMUNICATIONS
12.1 Subject to the provisions of the Regulation of Interception of
Communications (RIC) Act 70 of 2004, the User/Member agrees to TechFund's right to intercept, block, filter, read, delete, disclose and use all communications (including all "data messages") as defined in the ECT Act send or posted by the User/Member to the TechFund web site, its staff and employees.

12.2 The User/Member agrees and ackowledges that the consent provided by the User/Member in clause 12.1 satifies the "writng" requirement as detailed in the ECT Act and the RIC Act.

13. ENTIRE AGREEMENT AND SEVERABILITY
13.1 These terms and conditions constitute the entire agreement between
TechFund and the User/Member and shall take precedent over any disclaimers and/or legal notices attached to any communications and/or postings received by TechFund from the User/Member.

13.2 Any failure by TechFund to exercise or enforce any right or provision
shall in no way constitute a waiver of such right or provision.

13.3 In the event that any term or condition detailed herein is found
unenforceable or invalid for any reason, such term(s) or condition(s) shall be severable from the remaining terms and conditions. The remaining terms and conditions shall remain enforceable and applicable.

14. AGREEMENT IN TERMS OF SECTION 21 OF THE ECT ACT
The User/Member and TechFund agree that:

14.1 the User/Member shall be bound to these terms and conditions and
such agreement is concluded in Witbank (South Africa) at the time the
User/Member enters the TechFund web site for the first time;

14.2 data messages (as defined in the ECT Act) addressed by the User/Member to TechFund shall only be deemed to have been received if and when responded to or when receipt is acknowledged. Notwithstanding section 23(1)(b) of the ECT Act, TechFund shall not be deemed to have received a data message if such data messages are blocked and/or filtered and/or destroyed by TechFund's content filtering and virus security systems;

14.3 data messages (as defined in the ECT Act) addressed to the
User/Member by TechFund shall be deemed to be rceived by the User/member as detailed in section 23(1)(b) of the ECT Act;

14.4 data messages (as defined in the ECT Act) addressed to the
User/Member by TechFund shall be deemed to be sent from the location(s) as detailed in section 23(1)(c) of the ECT Act;

14.5 data messages (as defined in the ECT Act) addressed by the
User/Member to TechFund shall be deemed to have been created and sent by the User/Member from within the geographical boundaries of South Africa; and

14.6 electronic signatures, encryption and/or authentication are not required for valid electronic communications between the User/Member and TechFund.

15. APPLICABLE AND GOVERNING LAW
The TechFund web site is hosted, controlled and operated from the Republic of South Africa and therefore, subject to clause 5.22, the South African law enforced by the South African courts governs the use or inability to use the TechFund web site, its content, services, products and these terms and conditions.

16. LEGAL COSTS
TechFund shall not be liable for costs incurred by Users/Members to obtain professional advice relating to these terms and conditions.