of any marketable security listed by a licensed stock exchange in Namibia and dealt in on the market in any other country,if such purchase or sale is,means a purchase or sale,Lesotho or Swaziland,Botswana,effected in order to take advantage of the difference in the prices of such marketable security on the markets in Namibia and such other country and,the ownership of the marketable security passes from a person in Namibia to a person in any country other than the Republic of South Africa,in the ordinary course of trading on another stock market for the purpose of obtaining a profit from the difference between the prices of those securities in the two stock markets;by a broker,in accordance with the practice of those exchanges in relation to arbitrage,in consequence of such pruchase or sale,means a purchase or sale of securities effected in the ordinary course of trading on a stock market together with an offsetting sale or purchase of those securities effected at the same time,

means a purchase or sale of financial products effected in the ordinary course of trading on a financial market together with an offsetting sale or purchase of those financial products effected at the same time, or at as nearly the same time as practicable, in the ordinary course of trading on another financial market for the purpose of obtaining a profit from the difference between the prices of those financial products in the 2 financial markets.

or vice versa;Click here to search for within arbitrage transaction DefinitionsIn the event that a Purchaser does not provide the Company with the Arbitrage Notice within 90 days of an Arbitrage Transaction such holder shall be deemed to automatically and immediately have elected on the date of such Arbitration Transaction to convert that principal amount of Convertible Notes which when converted into Shares of Common Stock shall equal the same number of Shares of Common Stock that is subject to such Arbitrage Transaction.means a purchase or sale of Government securities in one market together with an offsetting sale or purchase of the same securities in a different market at as nearly the same time as practicable for the purpose of taking advantage of a difference in prices in the two markets;or at as nearly the same time as practicable.

means any puts, calls, future contracts, short sales, hedging and other related arbitrage transactions with respect to the Companys equity securities.