Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of
Certain Officers.
On June 23, 2022, the Board of Directors of TB SA Acquisition Corp (the
"Company") appointed Ofentse Molefe to serve as Vice President, Business
Development of the Company until his resignation or removal.
Mr. Molefe is a financial services professional with more than six years of
experience in corporate finance, including venture capital, M&A advisory, equity
financing and investing. Mr. Molefe served as portfolio manager for a South
African startup accelerator and incubator, between August 2020 and June 2021.
Mr. Molefe had previously served as Vice President of Equity Finance &
Investments at Standard Bank between January 2019 and August 2020 and had worked
in the Corporate Finance department of Deutsche Bank between August 2015 and
November 2018. Mr. Molefe is a member of the South African Institute of
Chartered Accountants since 2014. He graduated with a Bachelor of Accounting
Science from the University of the Witwatersrand in 2009 and received a Bachelor
of Accounting Sciences in Financial Accounting from the University of South
Africa in 2011.
Mr. Molefe has no family relationships with any of the executive officers or
directors of the Company. Pursuant to an engagement letter between the Company
and Mr. Molefe dated April 26, 2021 (the "Engagement Letter"), (i) TCP SA, LLC
has transferred an aggregate of 75,000 Class B ordinary shares, par value
$0.0001 of the Company to Mr. Molefe and (ii) the Company will pay Mr. Molefe an
annual fee in South African Rand amount equivalent to U.S.$140,000 for
consultancy services to be provided by Mr. Molefe to the Company in relation to
the identification of a potential business combination target, until the earlier
of either (x) such time the Company completes its initial business combination
or (y) the liquidation of the Company, subject to any earlier termination of
Mr. Molefe's services as provided in the Engagement Letter.
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TB SA ACQUISITION CORP 
