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									            Universal Cables (Pty) Ltd
                        Head Office

                      P.O. Box 21335
                        Helderkruin
                           1733

                No 13 Aschenberg Street
                       Chamdor
                      Krugersdorp
                         1739

                    Tel: 011 769 1394/5/6/7
               Fax: 011 769 1490 / 086 509 2319
       E-mail:  sales@universalcables.co.za

         Web Page: www.universalcables.co.za

         APPLICATION FOR CREDIT
   INCORPORATING CESSION OF BOOK DEBTS AND SURETYSHIP




Company Name:

______________________________________________


Date of Application: ____ ___/__ ___/ 20________


                              1
1.
     Registered name of applicant __________________________________________________________
     Trading as_________________________________________________________________________
     (Hereinafter referred at as the Debtor and/or Customer)
2.
     State whether: Sole Trader   Partnership   Registered Company   Close Corporation

3    If applicant is a registered company:
     3.1 Registration No / Certificate of incorporation No:_______________________________________
     3.2 Date of incorporation ____________________________________________________________
     3.3 Address of registered office _______________________________________________________
     3.4 Vat registration No: (Please attach copy) ____________________________________________
     3.5 Issued share capital _____________________________________________________________
4    Financial statements – Balance sheet attached         Yes          No

5.   Street address: _____________________________________________________________________
     _________________________________________________________________________

6.   Postal address:______________________________________________ Code: _________________
7.   Telephone No: (_____)_________________________ Fax No (_____) ________________________
     Mobile Phone No: (_____)_______________________
     Email address _____________________________________________________________________
8    DIRECTORS / PARTNERS / PROPRIETORS AND SHARE %
         NAME           ID No          TELEPHONE                 ADDRESS                   %
     8.1
     8.2
     8.3
     8.4
     8.5


9    How long have the present Directors/Partners/Proprietors been in control of the business
     ___________________________________________________________________________________
10   DETAILS OF HOLDING COMPANIES
     10.1 Registered street address:
          ______________________________________________________________________________
     10.2 Registered Postal address __________________________________ Code: ________________

     10.3 Telephone No: (_____) ________________________ Fax No: (_____)_____________________
          Mobile No: __________________________________ Mobile No:_________________________
           Email address:_______________________________________________________________

           Webpage:       http://www.______________________________________________________



                                                     2
     NAME OF BANKERS

11

     11.1   Business   Name of Bankers      _________________________________________________
                       Account number       _____________________________   Branch Code         __________________


     11.2   Private    Name of Bankers      _____________________________________________________________________


                       Account number       _____________________________   Branch Code         ___________________


12   TRADE REFERENCES (Excluding Subsidiary, Fellow Subsidiary or Related companies)
     NAME                                             TELEPHONE




13   Estimated Monthly Requirements       R __________________________________________________
14   Maximum Credit Limit Required        R __________________________________________________
15   Security offered to substantiate limit _____________________________________________________

FOR OFFICE USE ONLY                                                 SALES REP.        No:   (       )

General data           Group Key
                       Customer Class
                       Industry
                       Terms of Payment
Company code data      Sales District
                       Sales Office
                       Sales Group
                       Customer Group
                       Price Group
                       Price List type
Sales Area Data        Incoterms
                       Tax liability
                       Delivery address 1
                       Delivery address 2
                       Representative
                       Employee No
                       Starting date




                                                      3
16.1 DEFINITIONS CLAUSE
     In this agreement unless the context otherwise requires, the words, expressions and phrases set out below
     have the meanings hereunto ascribed to them
         1.1 “the Seller” – Universal Cables (PTY) Ltd
         1.2 “the Seller” – Universal Cables (PTY) Ltd
         1.3 “the goods” – The goods sold by the Seller to the Buyer from time to time
         1.4 “the price” – The Seller’s usual selling price of its goods.

16.2 BINDING CONTRACT
        2.1 These conditions together with the particulars recorded on the face hereof constitute the entire
            Agreement between the parties, who record that no representation or warranties other than those
            contained herein have induced them to conclude this contract.

        2.2 No amendment, variation or consensual termination of this contract or any of the terms or conditions
            hereof shall be binding on Seller unless reduced to writing and signed by a director of the Seller

        2.3 No relaxation or indulgence granted to the Buyer by the Seller shall constitute a waiver of any of the
            Seller’s rights or novation of this contract or any part thereof and shall not stop the Seller from
            exercising any rights in terms or at law.

16.3 PRICE
       3.1 The price of the goods sold shall be the Seller’s usual selling price and shall be the price as stated in
           the Seller’s Order form and/or any other stationery.

        3.2 The price as stated is exclusive of Value Added Tax

        3.3 Notwithstanding the provisions of paragraph 2.2 and 3.1 if prior to delivery and/or dispatch of the goods,
            there is any increase, for whatsoever reason in the Seller’s cost of materials or components or in the
            statutory labour charges, the price of the goods may be increased proportionately and the Buyer
            undertakes to pay such increased price. The amount of the increase shall be certified by the Sellers
            financial controller and such certificate shall be final and binding on the Buyer.

16.4 PAYMENT
       4.1 Payment of the price is to be effected within thirty (30) days from the date of the Seller’s statement
           regardless of whether or not the invoice has been received by the Buyer. In the event of the Buyer
           disputing the amount reflected on any statement then, pending the Seller’s investigation of the
           Buyer’s dispute, the Buyer shall immediately be obliged to make payment to the Seller of the amount
           of the goods already received which are reflected in that statement.

        4.2 The price shall be paid at the Seller’s premises, or wherever directed by Seller, free of exchange and
            without deduction for any reason whatsoever. Payment by post is at the risk of the Buyer.

        4.3 The Buyer shall be liable to pay interest to the Seller on all overdue amounts at the maximum
            permissible legal interest rate prescribed by law.

        4.4 In the event of the Buyer failing to make payment of any amount due by it to the Seller in terms hereof
            or in terms of any agreement or agreements made between it and the Seller on due date, then the full
            amount owed by the Buyer to the Seller from whatsoever cause arising shall forthwith and without
            notice become due and payable notwithstanding that the due date for payment thereof shall not
            otherwise have arrived.

        4.5 Non-payment by the Buyer as hereinbefore mentioned shall give the Seller the right to cancel all
            deliveries still to be made under this agreement without notice having to be given to the Buyer and
            without prejudice to the Seller’s right to compensation from the Buyer.




                                                              4
16.5 DELIVERY
       5.1 Whilst the Seller shall make every effort to effect delivery of the goods timeously

            5.1.1 The Buyer shall not be entitled to terminate this contract by reason of the failure of the Seller
                  to deliver the goods upon due date it being expressly agreed that time is not of the essence in
                  this agreement;

            5.1.2 The Seller shall be entitled to make part deliveries

            5.1.3 The Seller shall not be responsible for non-delivery of goods and/or for delays in delivery
                  occasions by acts of God, force majeure, strike, transport delays, riots, civil commotion, transport
                  breakdown, restrictions or prohibition imposed by government, war, trade disputes, fires, floods,
                  breakdown of plant and machinery, breakdown of means of delivery, difficulties with the supply of
                  raw materials and without in any way limiting the aforegoing, by any course beyond the Seller’s
                  control.

             5.1.4 The Seller shall not be liable for any damages sustained by the Buyer or any other party,
                   consequential or otherwise, arising from the non-delivery of the goods for any reason whatsoever
                   including the negligence and/or fault of the Seller.

16.6 BREACH
       6.1 Should the Buyer fail to make payment to the Seller on due date or fail to honour any of its obligations in
           terms hereof on due date, or should a judgment be granted against the Buyer or should the Buyers
           estate be liquidated/sequestrated/placed under Judicial Management, provisionally or finally or should
           the Buyer propose an offer of compromise or offer of composition to its creditors or ask any of them, or
           if a company, should its shareholders wind-up the Business, the Seller shall be entitled, without
           prejudice to its other rights in terms hereof or at law to:

            6.1.1 Terminate this contract whereupon the Seller shall not be obliged to deliver any further goods to
                  the Buyer and the Buyer shall be obliged forthwith, without notice, to make payment to the Seller
                  for all Goods already delivered to the Buyer, pursuant hereto or, in the discretion of the Seller, to
                  return such goods to the Seller; or

            6.1.2 Obtain payment from he Buyer of the full amount owing by the Buyer to the Seller in terms hereof
                  and from whatsoever other cause arising notwithstanding that the due date for payment thereof
                  would not otherwise have arrived in which event the Seller shall be entitled to withhold delivery of
                  the goods subject to payment of all such amounts having been made: and

             6.1.3 In the event of termination of this contract and the Seller repossessing any of the goods, the
                   Seller shall be entitled to set off the valuation of the repossessed goods against the amount
                   owing by the Buyer and the value of the repossessed goods will be deemed to be the value
                   placed thereon by any sworn valuator appointed by the Seller and shall be conclusive proof of
                   the value thereof

             6.1.4 In any of the events mentioned above the Seller shall incur no liability to the Buyer for damages
                   and the Buyer shall be liable to the Seller for such damages as the Seller may have suffered by
                   reason of the Buyer’s breach and/or the exercise of the Seller’s rights aforesaid, including all
                   wasted delivery costs suffered by the Seller.




16.7 OWNERSHIP
                                                             5
        Ownership in respect of the goods and in respect of all goods sold by the Seller to the Buyer from time to time is
        reserved to the Seller until such time as payment of all amounts due, owning and payable by the Buyer to the
        Seller form whatsoever cause arising shall have been paid to the Seller in full. On request by the Seller, the Buyer
        shall inform the Landlord of the premises at which the goods are delivered to the Buyer and which remain the
        property of the Seller in terms hereof are stored, or the Seller’s rights therein and shall inform the Seller of the
        name and address of such Landlord from time to time.

16.8 EXCLUSION OF WARRANTY AND LIABILITY
       8.1 The goods are sold voetstoets and no representation or warranty is made by the Seller as to the fitness
           of the goods for the purpose for which they are intended.

        8.2 The Seller shall under no circumstances be responsible for any consequential or other loss or damage
            suffered by the Buyer or any third party by reason of the Seller’s failure to carry out its obligations in
            terms hereof or by any reason of the goods being defective in any manner whatsoever.

        8.3 Without prejudice to any of the Seller’s rights in term hereof, or at law, the Buyer shall be deemed to
            have abandoned any rights which it may have arising from the supply of defective goods, unless the
            Buyer has given to the Seller written notice within fourteen (14) days of the goods having arrived at the
            final destination, which notice must be in writing and given by the Buyer to the Seller at the Seller’s
            address stated on the face hereof, in which notice the Buyer sets forth full reasons as to why the goods
            are not in accordance with the contract.

16.9 PROOF OF INDEBTNESS
     The Buyer agrees that the amount due and payable to the Seller may be determined and proven by a
     certificate issued by the Seller and signed on its behalf by any duly authorized person, which authority need
     not be proven and such certificate shall be binding and shall be prima facie proof of the indebtedness of the
     Buyer.

16.10 LEGAL COSTS
      In the event of the Seller instructing its Attorneys to recover money or goods from the Buyer, the Buyer
      agrees to be liable for and shall pay to the Seller and/or their Attorneys, all legal costs incurred by the Seller
      on the Attorney and own client scale, including the Attorneys charges in respect of collection commission
      and any tracing charges which may be incurred, together with all Counsel’s charges actually incurred by the
      Seller and not at the restriction placed on same by tariff or Taxing Master.

16.11 RETURNED GOODS
      Any goods returned due to an error in ordering by the Buyer will be accepted for credit solely at the discretion
     of the Seller and will be subject to a 10% handling charge to paid by the Buyer. No cut lengths of cable will be
     accepted for credit.

16.12 WITHDRAWAL OF CREDIT FACILITIES
      The Seller hereby reserves the right, in its sole discretion, to withdraw the credit facilities afforded to the
      Buyer, for any reason it may deem necessary.

16.13 JURISDICTION IN DISPUTES
       13.1 For the purpose of all or any proceedings herein, the Buyer hereby consents to the jurisdiction of the
            Magistrate’s Court having jurisdiction under Section 28 of the Magistrate’s Court Act of 1994, as
            amended, notwithstanding that the amount in dispute exceeds the jurisdiction of such court




              13.2 Notwithstanding the aforegoing, the Seller shall have the right, at its sole option and discretion to
                                                                6
             13.2.1 Institute proceedings in any other competent Court which might otherwise have jurisdiction;
                    alternatively

             13.2.2 At its sole and absolute discretion submit the matter to arbitration by giving the Buyer ten (10)
                   days written notice of its election to do so, in which event the matter shall be determined before
                   an Arbitrator appointed by the Chairman of the Johannesburg Bar Council whose decision shall
                   be final and binding upon the parties.

        13.3 This contract shall be subject to the jurisdiction of the South Africa Courts and shall be subject to
             South African Law.

16.14 DOMICILIUIM
      The Seller and Buyer hereby choose as their domicilium citandi et executandi the addresses set out on the
      face hereof and agree that all notices and proceedings arising out of or in connection with this agreement
      may be served at the address. The Buyer is obliged to notify the Seller of any change of their address, within
      seven (7) days of such change of address.

16.15 CESSION OF BOOK DEBTS
       15.1 I/We hereby irrevocably cede, assign and transfer, make over unto and in favour of the Seller all the
            Buyer’s rights, title and interest in and to it’s claims against it’s debtors, both present and future and
            from whatsoever cause arising, as security for all or any of the amounts which the Buyer may now or
            at any time in the future owe to the Seller.

        15.2 I/We and/or the Buyer irrevocably and in rem suam authorize the Seller in its absolute discretion to
             claim from all or any of its debtors the whole or any portion of the indebtedness of any one or more of
             them give a valid receipt or discharge for such indebtedness, to take any action in its name in any
             Court or competent jurisdiction and to proceed in execution there under against all or any of the said
             debtors, to cede transfer, negotiate, pledge or otherwise deal with all of the said debtors, to exchange
              promissory notes, cheques, agreements, documents of title or any other security held by the Buyer.

        15.3 The security created by the cession shall be a continuing one, notwithstanding any fluctuation in the
             amount of the indebtedness of the Buyer to the Seller.

              15.3.1 The Buyer hereby undertakes on demand, to furnish the Seller with such information
                     concerning its debtors as may reasonably be required, to enable the Seller to give effect to
                     the provisions above.

16.16 SEVERABILITY
      Each clause hereof separable one from the other and if any clause hereof is found by any court to be
      unenforceable for whatsoever reason the remaining clauses will continue to be of full force and effect


16.17 CONFIDENTIALITY AND CONSENT CLAUSE

        17.1 The Buyer hereby authorizes the Seller at all times hereinafter to furnish any information which the
             Seller has on record, regarding the creditworthiness of the Buyer, to any persons seeking such
             information for trade reference purpose only and/or to any credit bureaux.

        17.2 The Buyer hereby consents to the Seller accessing and investigating the personal information given
             herein for purposes of assessing the Buyer’s creditworthiness. The Buyers confirms that the
             information furnished herein is accurate and complete and furthermore undertakes to update this
             information on request by the Seller.

        17.3 The Buyer hereby consents to the Seller at all times hereinafter communicating with and requesting
             information from any persons, including but not limited herein, for the purpose of obtaining information
             pertaining to the Buyer’s creditworthiness. The Buyer agrees that any such information obtained by
             the Seller is for the Seller’s records only and need not be disclosed to the Buyer.


SIGNED AT _______________________________________ this _________Day of_____________________20_____

                                                              7
      Signed for and on behalf of the Buyer and by my                            (NAME IN BLOCK LETTERS)
   signature I confirm that I have read and agreed to the
   above conditions and I warrant that I am authorized to
                     represent the Buyer



                   SIGNED AS WITNESS                                             (NAME IN BLOCK LETTERS)

16.18 SURETYSHIP
     I/We the undersigned by my/our signature/s hereto interpose and bind myself/ourselves as sureties and co-principal
      debtors in solidum, in favour of the Seller for the due performance of all obligations of the Buyer. I/We hereby
      renounce all the benefits of the legal exceptions, cession of action, non causa debti, excussion, division, no value
      received and revision of accounts, with the full force, meaning and effect whereof I declare myself to be fully
      acquainted.


SIGNED AT _______________________________________ this _________Day of_____________________20_____




     Signed by me in my personal capacity and I                                  (NAME IN BLOCK LETTERS)
     Confirm that I have read, understood and agreed to
     this suretyship condition.




                                                            8
The FICA act requires all credit providers to comply with and implement the following measures.
No Application for Credit facilities will be considered if the original signed credit application is not accompanied
by the following:


   1.   Certified copy/s of the I.D. Document/s of the person/s responsible for the account.
   2.   Copy of a recent Utilities Bill (Water & Lights/Rates & Taxes) for proof of residence.
   3.   Original SARS Tax Clearance Certificate and/or Certified SARS Tax Registration Certificate.
   4.   Cancelled Original Cheque
   5.   Cancelled Official Order Document




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