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a. The Italtile Group shall not trade in Uganda for 2 (two) years from 16 January 2015; b. Italtile Ceramics will transfer its 55% shareholding held in Allmuss to CTM Uganda or its appointed nominee; 8. In the event that CTM Uganda fails to meet its obligations above the Italtile Group shall be entitled to execute against CTM Uganda for the amount of US $ 1,650,000.00 by doing the following; a. Transferring LRV 4293, Folio 9, Plot 26-28 Kibuli Road, Nsambya into the name of Italtile Ceramics or its nominated beneficiary; and b. Transferring CTM Uganda’s 45% shareholding in Allmuss into the name of the Italtile Ceramics or its nominated beneficiary; 9. Upon execution of this consent, there shall be no further claim by Italtile Ceramics Limited, Italtile Limited or any company in the Italtile Group against CTM (U) Limited. 10. 100% Pursuant to paragraph 9 above, Italtile Ceramics which owns shares in Italtile Mauritius Limited shall cause Italtile Mauritius Limited to withdraw Civil Suit No. 800 of 2014 in the High Court of Uganda Kampala (Commercial Division) with each party meeting its own costs. 11. Each party shall bear its own costs of Civil Suit 467 of 2013( High Court Commercial Division) 4

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