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EXHIBIT 4.87TERM SHEET
Concluded betweenDRDGOLD LIMITED
(GOLD)
andKHUMO BATHING HOLDINGS (PTY) LIMITED
(KB)
and
DR PAMELA NICHOLS
Acting as promoter of a BEE Consortium (the
Consortium)RECORDALSDRDGOLD
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How to fill out term sheet - secgov
01
To fill out a term sheet, follow these steps:
02
Start by providing the basic information such as the name of the company or issuer, the type of security being issued, and any relevant identification numbers.
03
Outline the key terms and conditions of the investment or financing agreement. This may include details about the price of the security, the investment amount, and the payment terms.
04
Specify any rights or preferences associated with the security, such as voting rights, dividend preferences, or conversion rights.
05
Include any representations and warranties that the issuer or company is making to the investor or lender.
06
Clearly state the conditions precedent or closing conditions that must be met before the agreement becomes binding.
07
Include provisions for dispute resolution, governing law, and jurisdiction.
08
Make sure to review the term sheet carefully before finalizing and seek legal advice if needed.
09
Once completed, both parties should sign and date the term sheet to indicate their agreement to the terms outlined.
10
Remember, a term sheet is a non-binding document that outlines the key terms of a potential transaction, and it serves as a basis for further negotiations and the preparation of a legally binding agreement.
Who needs term sheet - secgov?
01
Various parties may need a term sheet, including:
02
- Startups or companies looking to raise funds from investors
03
- Investors and venture capitalists evaluating investment opportunities
04
- Lenders providing financing to businesses
05
- Mergers and acquisitions teams negotiating the terms of a deal
06
- Real estate developers and investors exploring joint venture partnerships
07
- Any party involved in a significant financial transaction that requires clear and agreed-upon terms
08
A term sheet helps establish a framework for negotiations and provides a summary of the essential terms and conditions of a transaction. It allows all parties involved to have a common understanding of the key points before proceeding with further due diligence and drafting a binding agreement.
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What is term sheet - secgov?
Term sheet - secgov is a document that outlines the key terms and conditions of a securities offering.
Who is required to file term sheet - secgov?
Any party involved in a securities offering, such as the issuer or underwriter, is required to file a term sheet - secgov.
How to fill out term sheet - secgov?
Term sheet - secgov can be filled out electronically on the SEC's EDGAR system.
What is the purpose of term sheet - secgov?
The purpose of term sheet - secgov is to provide investors with key information about a securities offering in a concise format.
What information must be reported on term sheet - secgov?
Term sheet - secgov must include details such as the offering price, number of securities offered, and risk factors associated with the offering.
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