EX-10.7
3
ex10-7.txt
ISSUANCE LETTER
Exhibit 10.7
[LETTERHEAD OF RICHARD CASSIM & ASSOCIATES]
Date: 24 December 2010
Our Ref: R Cassim
Your Ref: Dr Lisa Ramakrishnan
Dear Sir,
ISSUE OF SHARES: MOXISIGN (PTY) LIMITED
We confirm that in that in terms of the memorandum of understanding dated the 7
July 2010, you may now advise your auditors to proceed to issue 49% (forty nine
percent) of the authorized and issued shares in Moxisign (PTY) Ltd ("Moxisign")
to Hestifor (Pty) limited ("Hestifor").
I hereby confirm I am the attorney of record and agent for service for Hestifor,
the now confirmed BEE shareholder of Moxisign.
Once issued, would you kindly have the Hestifor share certificate confirming the
49% shareholding in Moxisign shares sent to my office.
Should you have any queries, please do not hesitate contacting the writer.
Yours truly,
Richard Cassim & Associates
/s/ R Cassim
--------------------------
Per: R Cassim
