Trustco Group Holdings Limited entered into management agreement with NEXT CAPITAL LIMITED, in terms of which Next has been appointed to provide the management services to Trustco as set out, for which Next shall earn a fee from Trustco for the provision of such services ("Management Fee"). Next will inter alia be responsible and accountable to the board of Trustco for the following services: i) Direct involvement and leadership with the group's management team; ii) Head Office Infrastructure; iii) Group sales and marketing; iv) Group Branding; v) Group HR; vi) Group Legal; vii) Group Training; viii) Group Research; ix) Group public relations; x) Technical assistance; xi) Implementation assistance; xii) Standard operating procedures; xiii) Training of personnel; xiv) Setting standards and personnel; xv) Access to Facility Management; xvi) Access to IT and telecoms; xvii) Group Capital Raising; xviii) Mergers and Acquisitions; xix) Budgeting and all related processes; xx) Any other business as the Trustco Board of Directors directs from time to time. The Management Fee shall be determined on the last day ("Measurement Date") of a financial year ("Financial Year"), which Financial Year may be amended from time to time. The Management Fee shall be calculated over any period ("Measurement Period") which period may be shorter or longer than 12 months, in which case the numbers in such Measurement Period shall be adjusted on a pro-rata basis to a 12-month period for comparison purposes only. The final Management Fee for any Financial Year shall only be capable of being calculated on or after the Measurement Date. The first Measurement Period will be compared to the audited financial statements for the period ended 30 September 2020.