Content License Agreement

This Agreement governs the terms by which members and clients of African Stockist Company (Pty) Ltd ® obtain the right to use stock photographic, illustrations, animations, video, footage, and other media content provided by members of the stockist.co.za community through the web site located atwww.stockist.co.za andwww.stockist.photo.co.za (the "Site”). This Content License Agreement is in addition to the Terms of Use applicable to the Site and to the Membership Agreement that all persons providing content to or downloading content from the Site have previously entered into. In the event of any inconsistency between this Agreement, the Membership Agreement and the Terms of Use (both of which are incorporated into this Agreement by reference), the terms of this Agreement shall govern.

1. Background of Agreement

(a) This document contains many important provisions that affect your rights and obligations. By selecting the correct box at the end of this Agreement and typing "I Agree” or otherwise signifying your acceptance, you accept this Agreement either for yourself or on behalf of your employer or the entity that is identified as the member account holder, and agree to be bound by its provisions. If you are accepting on behalf of your employer or the entity that is the member account holder, you represent and warrant that you have full legal authority to bind your employer or such other entity. If you do not have such authority or you do not accept or agree with these terms, do not accept the Agreement and do not download the Content.

(b) In this Agreement: (i) "you” or the "Client” means you or, if you are accepting on behalf of your employer or member account entity, then "you” means that employer or entity and affiliates; (ii) "STOCKIST” or "we” means African Stockist Company (Pty) Ltd LP, operator of the Site; and (iii) "Content” means any photographic image, illustration, animation, Flash file, film or video footage, visual representation generated optically, electronically, digitally or by any other means or in any media or other material that you are downloading from the Site, together with any accompanying material.

(c) This Agreement is set up as a user-determined document where you will choose to enter into either our standard royalty-free content license (the "Standard License”) or an extended license where one or more of the restrictions of the Standard License are amended for your proposed use of the Content (an "Extended License”). At the end of this Agreement you will have the opportunity to select a "Standard License” or an "Extended License”. The options for the Extended License uses are dependent upon the Content and whether the supplier of the Content has opted-in to the extended license options. If you do not specify an Extended License or there is no Extended License option for the Content you have requested, your download of Content will be subject to the Standard License.

2. Standard License Terms

We hereby grant to you a perpetual, non-exclusive, non-transferable worldwide license to use the Content for the Permitted Uses (as defined below). Unless the activity or use is a Permitted Use, you cannot do it. All other rights in and to the Content, including, without limitation, all copyright and other intellectual property rights relating to the Content, are retained by SSI or the supplier of the

Content, as the case may be.

3. Permitted Standard License Uses

(a) You may only use the Content for those advertising, promotional and other specified purposes which are Permitted Uses (as defined below). For clarity, you may not use the Content in products for resale, license or other distribution, unless (i) the proposed use is allowable under an Extended License which is available for the Content; or (ii) if the original Content has been fundamentally modified or transformed sufficiently that it constitutes an original work entitling the author or artist to copyright protection under applicable law, and where the primary value of such transformed or derivative work is not recognizable as the Content nor is the Content capable of being downloaded, extracted or accessed by a third party as a stand-alone file (satisfaction of these conditions will constitute the work as a "Permitted Derivative Work” for the purposes of this Agreement). For example, you cannot superficially modify the Content, print it on a t-shirt, mug, poster, template or other item, and sell it to others for consumption, reproduction or re-sale. These uses will not be permitted as or constitute Permitted Derivative Works. If there is any doubt that a work is a Permitted Derivative Work, you should either obtain an Extended License or contact STOCKIST for guidance. Any use of the Content that is not a Permitted Use shall constitute infringement of copyright.

(b) Seat Restrictions. Only you are permitted to use the Content, although you may transfer files containing Content or Permitted Derivative Works to your clients, printers, or ISP for the purpose of reproduction for Permitted Uses, provided that such parties shall have no further or additional rights to use the Content and cannot access or extract it from any file you provide. You may install and use the Content in only one location at a time, although subject to the Prohibited Uses and the other terms of this Agreement, you are entitled to utilize the Permitted Uses an unlimited number of times. You may physically transfer the Content and its archives from one location to another, in which case you may use the Content at the new location instead. If you require the Content to be in more than one location or accessible by more than one person, you must download the Content from the Site for each such use or obtain an Extended License for a multi-seat license for the Content. You may make one (1) copy of the Content solely for back-up purposes, and you must reproduce all proprietary notices on this single back-up copy.

(c) Permitted Uses. Subject to the restrictions described under Prohibited Uses below, the following are "Permitted Uses” of Content:

1. Advertising and promotional projects, including printed materials, product packaging,

presentations, film and video presentations, commercials, catalogues, brochures,

promotional greeting cards and promotional postcards (i.e. not for resale or license);

2. Entertainment applications, such as books and book covers, magazines, newspapers,

editorials, newsletters, and video, broadcast and theatrical presentations;

3. On–line or electronic publications;

4. Prints, posters (i.e. a hardcopy) and other reproductions for personal use or promotional

purposes specified in (1) above, but not for resale, license or other distribution; and

5. Any other uses approved in writing by STOCKIST.

If there is any doubt that a proposed use is a Permitted Use, you should contact STOCKIST Support for guidance at support@stockist.co.za

4. Standard License Prohibitions

(a) Prohibited Uses. You may not do anything with the Content that is not expressly permitted in the preceding section or permitted by an Extended License. For greater certainty, the following are "Prohibited Uses” and you may not:

1. Use the Content in design template applications intended for resale, whether on-line or not,

including, without limitation, website templates, Flash templates, business card templates,

electronic greeting card templates, and brochure design templates;

2. Use or display the Content on websites or other venues designed to induce or involving the sale,

license or other distribution of "on demand” products, including postcards, mugs, t-shirts, posters

and other items (this includes custom designed websites, as well as sites such as

www.cafepress.com);

3. Use the Content in any posters (printed on paper, canvas or any other media) or other items for

re-sale, license or other distribution for profit;

4. Use any of the Content as part of a trade-mark, design-mark, trade-name, business name, service

mark, or logo;

5. Incorporate the Content in any product that results in a re-distribution or re-use of the Content

(such as electronic greeting card web sites, web templates and the like) or is otherwise made

available in a manner such that a person can extract or access or reproduce the Content as an

electronic file;

6. Use the Content in a fashion that is considered by STOCKIST (acting reasonably) as or under applicable law is considered pornographic, obscene, immoral, infringing, defamatory or libelous in nature, or that would be reasonably likely to bring any person or property reflected in the Content into disrepute;

7. Use or display any Content that features a model or person in a manner (a) that would lead a

reasonable person to think that such person uses or personally endorses any business, product,

service, cause, association or other endeavor; or (b) except where accompanied by a statement

that indicates that the Content is being used for illustrative purposes only and any person depicted in the Content is a model, that depicts such person in a potentially sensitive subject matter,

including, but not limited to mental and physical health issues, social issues, sexual or implied

sexual activity or preferences, substance abuse, crime, physical or mental abuse or ailments, or

any other subject matter that would be reasonably likely to be offensive or unflattering to any

person reflected in the Content, unless the Content itself clearly and undisputedly reflects the

model or person in such potentially sensitive subject matter in which case the Content may be used or displayed in a manner that portrays the model or person in the same context and to the same degree depicted in the Content itself;

8. To the extent that source code is contained within the Content, reverse engineer, decompile, or

disassemble any part of such source code;

9. Remove any notice of copyright, trade-mark or other proprietary right from any place where it is on or embedded in the Content;

10. Sub-license, re-sell, rent, lend, assign, gift or otherwise transfer or distribute the Content or the

rights granted under this Agreement;

11. Install and use the Content in more than one location at a time or post a copy of the Content on a network server or web server for use by other users;

12. Use or display the Content in an electronic format that enables it to be downloaded or distributed via mobile devices or shared in any peer-to-peer or similar file sharing arrangement;

13. Use Content identified as "Editorial Use Only”, for any commercial, promotional, endorsement,

advertising or merchandising use. For clarification, in this Agreement "Editorial Use Only” of

Content means use relating to events that are newsworthy or of general interest and expressly

excludes any advertorial sections (i.e. sections or supplements featuring brand and/or product

names or sections or supplements in relation to which you receive a fee from a third-party

advertiser or sponsor);

14. Use the Content for editorial purposes without including the following credit adjacent to the

Content or in audio/visual production credits: "©stockist.co.za/Artist’s Member Name]”

15. Either individually or in combination with others, reproduce the Content, or an element of the

Content, in excess of 500,000 times without obtaining an Extended License, in which event you

shall be required to pay an additional royalty fee equal to TEN (ZAR 0.10) SOUTH AFRICAN

CENTS for each reproduction which is in excess of 500,000 reproductions. This additional royalty

does not apply to advertisements in websites or to broadcast by television, web-cast or theatrical production; or

16. If the Content is reproduced on a social media platform or other third party website, (i) the rights

granted herein shall automatically be revoked in the event that the platform website seeks to

exploit purported rights to the Content contrary to the terms of this Agreement, and (ii) in such

event, upon STOCKIST’s request, you shall remove any Content from such platform or website.

5. Excess Reproduction Run

In the event you contravene subparagraph 4(a)(xv) above without purchasing an Extended License, you further agree to notify STOCKIST in the event that you (or a combination of you and others involved with you) reproduce the Content, or an element of the Content in excess of 500,000 times. Such disclosure notice must be sent to STOCKIST each and every month after which the Content, or an element of the Content, has been reproduced in aggregate over the term of this Agreement in excess of 500,000 times. Each such notice must contain the number of reproductions made in any particular month, provided however, the first such notice will only require disclosure of those reproductions which are in excess of 500,000. STOCKIST shall invoice you for the fees associated with such excess use and you agree to pay such invoice within 30 days of receipt.

6. Term of Agreement

(a) This Agreement is effective until it is terminated. You can terminate this Agreement by destroying the Content and any Permitted Derivative Works, along with any copies or archives of it or accompanying materials (if applicable), and ceasing to use the Content for any purpose. The Agreement also terminates without notice from STOCKIST if at any time you fail to comply with any of its terms. Upon termination, you must immediately (i) cease using the Content and for any purpose; (ii) destroy or delete all copies and archives of the Content or accompanying materials; and (iii) if requested, confirm to STOCKISTin writing that you have complied with these requirements.

(b) STOCKIST reserves the right to elect at a later date to revoke or amend the license granted by this Agreement and replace the Content with an alternative for any reason. Upon notice, sent to the address or contact information provided by you for your member account, or such other address as you may advise us in writing to use, from time to time, of such replacement, the license for the replaced Content immediately terminates for any products that do not already exist, and this license automatically applies to the replacement Content. You agree not to use the replaced Content, or any Permitted Derivative Works, for future products and to take all reasonable steps to discontinue use of the replaced Content, or any Permitted Derivative Works, in products that already exist.

(c) Upon notice from STOCKIST, or upon your knowledge that any Content is subject to a threatened, potential or actual claim of infringement of another's right for which STOCKIST may be liable, you must immediately and at your own expense (i) stop using the Content; (ii) delete or remove the Content from your premises, computer systems and storage (electronic or physical); and (iii) ensure that your clients, printers or ISPs do likewise. STOCKIST shall provide you with replacement Content (which shall be determined by STOCKIST in its reasonable commercial judgment) free of charge, but subject to the other terms and conditions of this Agreement.

7. STOCKIST Representations and Warranties

(a) STOCKIST warrants that, except in respect of Content identified as "Editorial Use Only”,: (i) your use of the Content in accordance with this Agreement and in the form delivered by STOCKIST will not infringe on any copyright, moral right, trademark or other intellectual property right and will not violate any right of privacy or right of publicity; and (ii) all necessary model and/or property releases for use of the Content in the manner authorized under this Agreement have been obtained. You acknowledge that no releases are generally obtained for Content that is identified as "Editorial Use Only” and that some jurisdictions provide legal protection against a person's image, likeness or property being used for commercial purposes when they have not provided a release. For Content identified as "Editorial Use Only”, STOCKIST does not grant any right nor make any warranty with regard to the use of names, people, trademarks, trade dress, logos, registered, designs or works of art or architecture depicted therein. In such cases, you shall be solely responsible for determining whether release(s) is/are required in connection with any proposed use of the Content identified as "Editorial Use Only”, and shall be responsible for obtaining such release(s).

(b) While we have made reasonable efforts to correctly categorize, keyword, caption and title the Content, STOCKIST does not warrant the accuracy of such information. Additionally, STOCKIST does not warrant the accuracy of any metadata that may be provided with the Content.

(c) OTHER THAN AS EXPRESSLY PROVIDED IN CLAUSE 7(a), THE CONTENT IS PROVIDED "AS IS” WITHOUT REPESENTATION, WARRANTY OR CONDITION OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED REPRESENTATIONS, WARRANTIES OR CONDITIONS OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. STOCKIST DOES NOT REPRESENT OR WARRANT THAT THE CONTENT WILL MEET YOUR REQUIREMENTS OR THAT ITS USE WILL BE UNINTERRUPTED OR ERROR FREE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE CONTENT IS WITH YOU. SHOULD THE CONTENT PROVE DEFECTIVE, YOU (AND NOT STOCKIST) ASSUME THE ENTIRE RISK AND COST OF ALL NECESSARY CORRECTIONS.
IN PARTICULAR AND WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, IF YOU ARE DOWNLOADING CONTENT THAT IS IN A FLASH FORMAT OR FILE (WHETHER .SWF OR OTHERWISE), EXCEPT AS EXPRESSLY PROVIDED IN SECTION 7(a),SSI MAKES NO REPRESENTATION OR WARRANTY RESPECTING SUCH CONTENT WHATSOEVER, WHETHER AS TO OWNERSHIP, TECHNICAL OR LEGAL COMPLIANCE, OR OTHERWISE.

8. STOCKIST Indemnity and Limitation of Liability

(a) Provided that the Content is only used in accordance with this Agreement and you are not otherwise in breach of this Agreement and as your sole and exclusive remedy for breach of the representations and warranties set forth in Section 7 (a) above, STOCKIST shall, subject to the terms of Clauses 8(b),(c),(d) and (e) defend, indemnify and hold harmless you, your parent, subsidiaries and affiliates and respective directors, officers and employees from all damages, liabilities and expenses (including reasonable legal fees), arising out of or connected with any actual lawsuit, claim or legal proceeding alleging that the possession, distribution or use of the Content by you is in breach of the representations and warranties set forth in Section 7(a) above.

(b) The indemnity set out in clause 8(a) above is conditional on your prompt notification in writing to STOCKIST of such claim and our right to assume the handling, settlement or defense of any claim or litigation. You agree to cooperate with STOCKIST in the defense of any such claim or litigation and shall have the right to participate in such litigation at your sole expense. STOCKIST shall not be liable for legal fees and other costs incurred prior to the notice of the claim.

(c) IN NO EVENT SHALL STOCKIST OR ANY OF ITS AFFILIATES OR CONTENT PROVIDERS OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SHAREHOLDERS, PARTNERS OR AGENTS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING DAMAGES FOR LOSS OF PROFITS, INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR ANY OTHER PECUNIARY LOSS) IN CONNECTION WITH ANY CLAIM, LOSS, DAMAGE, ACTION, SUIT OR OTHER PROCEEDING ARISING UNDER OR OUT OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION YOUR USE OF, RELIANCE UPON, ACCESS TO, OR EXPLOITATION OF THE CONTENT, OR ANY PART THEREOF, OR ANY RIGHTS GRANTED TO YOU HEREUNDER, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER THE ACTION IS BASED ON CONTRACT, DELICT (INCLUDING NEGLIGENCE), INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OR OTHERWISE. NO ACTION, REGARDLESS OF FORM OR NATURE, ARISING OUT OF THIS AGREEMENT MAY BE BROUGHT BY OR ON BEHALF OF YOU MORE THAN TWO (2) YEARS AFTER THE CAUSE OF ACTION FIRST AROSE.

(d) NOTWITHSTANDING ANY OTHER TERM HEREIN, STOCKISTSHALL NOT BE LIABLE FOR ANY DAMAGES, COSTS OR LOSSES ARISING AS A RESULT OF MODIFCATIONS MADE TO THE CONTENT BY YOU OR THE CONTEXT IN WHICH THE CONTENT IS USED BY YOU.

(e) NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT, THE TOTAL MAXIMUM AGGREGATE LIABILITY OF STOCKIST UNDER THIS AGREEMENT AND ANY OTHER AGREEMENT UNDER WHICH YOU HAVE LICENSED THE SAME CONTENT, REGARDLESS OF THE FILE SIZE, OR THE USE OR EXPLOITATION OF ANY OR ALL OF THE CONTENT IN ANY MANNER WHATSOEVER AND THE OBLIGATION OF STOCKIST UNDER CLAUSE 8(a) SHALL BE LIMITED TO AN AGGREGATE OF TEN THOUSAND (ZAR 10,000) SOUTH AFRICAN RAND. FOR GREATER CLARITY, STOCKIST’s LIABILITY TO YOU IN RESPECT OF THE CONTENT SHALL NOT EXCEED TEN THOUSAND (ZAR 10,000) SOUTH AFRICAN RAND REGARDLESS OF THE NUMBER OF TIMES THAT YOU LICENSE THE SAME CONTENT FROM STOCKIST.

9. Your Indemnity

You agree to indemnify, defend and hold STOCKIST, its affiliates, its Content providers and their respective directors, officers, employees, shareholders, partners and agents (collectively, the "STOCKIST Parties”) harmless from and against any and all claims, liability, losses, damages, costs and expenses (including reasonable legal fees on an attorney and own client basis and counsel fees) incurred by any STOCKIST Party as a result of or in connection with any breach or alleged breach by you or anyone acting on your behalf of any of the terms of this Agreement.

10. General Provisions

(a) You specifically agree and acknowledge that you have, in addition to the terms of this Agreement, reviewed the terms of the Membership Agreement and Terms of Use and any other agreements which may be incorporated by reference therein, and to the extent of their incorporation in this Agreement you agree to be bound by them.

(b) STOCKIST’s failure to insist upon or enforce strict performance of any provision of this Agreement shall not be construed as a waiver of any provision or right.

(c) This Agreement is personal to you and is not assignable by you without STOCKIST’s prior written consent. STOCKIST may assign this Agreement without your consent to any other party so long as such party agrees to be bound by its terms.