Prospective investors who have been invited to apply can do so by following the instructions provided above. The rights granted to an Applicant to apply for Shares in terms of the Private Placement may be exercised only by the invitee and may not be transferred, renounced or assigned in favour of anyone else.

Applications will be irrevocable once received by The Impakt Fund. No receipts will be issued for applications and/or payments received. Applications can be made by a single addressee acting as an Applicant for a minimum acquisition cost of R1,000,000 (one million South African Rands).

The Board of The Impakt Fund reserves the right to amend the minimum and maximum subscriptions.

Should prospective investors wish to separately allocate their total investment in The Impakt Fund among the different opportunities described in the PPM, they should stipulate their intention to do so by selecting the correct portion of capital for each Share Class in the Subscription Form.

Applications will be regarded as complete once payment has been received. Payment may be made by bank guaranteed cheque (crossed “not transferable”) or banker’s draft electronic transfer (confirmed by electronic proof of payment). All cheques and banker’s drafts will be deposited into the bank account of the Company