KLIPDRIFT IIB GB

KLIPDRIFT: This LOAN FINANCING AGREEMENT: is made and entered into this 20th of July of 2021 and between: Klipdrift IIB GB – Registration No: 2019/241470/07 located at Jacobsdal, Free-State. Hereinafter will be referred in this contract as “the Borrower”. IIB DEVELOPMENT GROUP, a District of Columbia limited liability company, file # L0006082701 and Id National EIN # 83 -4468308, having principal offices located at 1050 Connecticut Ave., N.W., 5th Floor, Washington D.C. 20036 Hereinafter referred to as “Funder ”. Borrower and Funder are hereinafter collectively referred to as “PARTIES” and each individually as “PARTY”. Borrower has requested Funder to make a loan to Borrower and Funder has agreed to make the loan described in this Loan Agreement to Borrower on the terms and conditions set forth in this Loan Agreement. Borrower has requested the Funder to enter into this Funding Loan Agreement under which the Funding Funder (i) will advance funds (the “Funding Loan”) to or for the account of the Funder, and (ii) apply the proceeds of the Funding Loan to make a loan (the “Borrower Loan”) to the Borrower to finance the building of the Klipdrift 430MW Solar Farm (the “Project”).