“The Applicant “ : means any individual or legal person with whom the Seller

contracts, and who has placed an order with the Seller or any

person with whom the Seller contracts as a result of any offer to

purchase goods from the Seller, and includes the Applicant’s

representatives, successors and permitted assigns.

Quoted prices are based on the relevant exchange rate prevailing at the date of quotation.

The Seller reserves the right to alter its prices up to the time the goods are invoiced and in the

event of fluctuation in the Exchange Rate of 2% or more between the date of customer order and

the date of each relevant invoice the Seller shall be entitled to adjust the quoted prices to take

account of such fluctuations and to invoice accordingly.

Value added tax is payable by the Applicant on all purchases from the Seller in terms of the

current legislation.

All payments due by the Applicant to the Seller shall be strictly payable by the Applicant within

30 (Thirty) days of the date of the relevant invoice sent by the Seller to the Applicant, or on

the specific credit terms afforded it by the Seller, which credit terms must be confirmed in writing.

If payment is not received with the agreed period the Seller reserves the right to charge interest at

a rate of 2.5% over the prime rate of interest charged by the First National Bank of South Africa

Limited from time to time.

Should the Applicant fall into arrears, then all amounts outstanding by the Applicant to the Seller

from whatever cause, whether or not the due date of payment has arisen, will immediately

become due and payable by the Applicant and the Seller shall have the right to appropriate any

payments received firstly towards interest, then costs and thereafter in reduction of the capital

amount owing.

No payment received shall be seen as a notation of the debt.

Should any portion of an invoice indebtedness be disputed by the Applicant, the Applicant shall

pay the undisputed portion of such indebtedness.

Any defect or query relating to goods delivered, shall be brought to the attention of the Seller in

writing within 10 (ten) days of the date stated on the delivery note.

Time is not of the essence of the agreement.

Any time or date stipulated by the Seller for delivery is intended as an estimate only and the

Seller shall not be liable for any loss or damages whatsoever, (including loss of profits or

consequential loss), which may result from non delivery by the time or date so stipulated nor shall

any such delay confer upon the Applicant any right to rescind the agreement, unless otherwise

agreed in writing.

It is agreed that the signature of any employee or agent of the Applicant which appears on the

Seller’s or authorised independent carrier’s delivery note will constitute prima facie proof of

delivery of goods purchased by the Applicant.

If a dispute arises the Seller’s invoice and statement shall be deemed to be prima facie proof of

delivery. If a dispute arises as to the quantity of goods sold and delivered, the onus of proving

that the goods were not delivered and/or that the quantity and the price thereof is not in

accordance with the Seller’s claim, shall be upon the Applicant.

Where the Applicant does not accept delivery or does not collect the goods as per the agreement

between the Applicant and the Seller, the Seller may either cancel the agreement and claim from

the Applicant all damages that may have been sustained, alternatively at its option it may enforce

the agreement tendering the goods in question only against immediate payment notwithstanding

any previous terms agreed.

The credit terms referred to in Paragraph 3 above are indicative only and prior to accepting any order

the Seller shall be entitled, at its sole discretion, to vary the terms of credit offered to the Applicant in

relation to that order and any subsequent order.

No credit shall be passed in favour of the Applicant for good correctly supplied and which are not faulty

and which the Applicant seeks to return.

Ownership of all goods sold and delivered shall remain with the Seller and shall not pass to the

Applicant until the purchase price is paid in full and until such payment has been made, the

aforementioned goods shall not in any way be hypothecated of pledged.

Where the goods are to be stored at leased premises, the Applicant undertakes promptly to

inform the lesser that the Seller has retained the right of ownership of all goods which are the

subject matter of this agreement.

The risk in and to goods by the Seller to the Applicant shall immediately pass to the Applicant

upon delivery (pursuant to Paragraph 2 above) or upon the goods leaving the premises of the

Seller, whichever is the sooner.

The Applicant shall ensure that all goods are adequately insured against the usual risks until the

purchase price of any goods has been paid. The Applicant may require proof of such insurance.

The Seller reserves the right to suspend, delay or cancel the delivery of some or all of the goods

or to require advance payment for them if:

If the Applicant is, or becomes insolvent or unable to pay its debts, or seeks to effect any

compromise with any of its creditors or compound any of its debts; or

The Applicant is placed under an order of sequestration, judicial management or liquidation,

whether such order be provisional or final; or

The Applicant is the subject of any resolution passed to enable it to be wound up or dissolved; or

Any judgement is given against the Applicant in any court of law and, if appeal able, is not

appealed against, within the period allowed for the lodging of such an appeal or, if not

subjected to an appeal, remains unsatisfied for a period of 10 days; or

The Applicant is in breach of any its obligations under the Agreement to the Seller.

No suspension, delay or cancellation as a result of any of the foregoing events shall effect any

other right which the Seller may have against the Applicant in terms of the agreement or

otherwise. In such event, the Seller shall be entitled if the Applicant defaults in payment or

Applicant defaults in payment or ceases to carry on business or is provisionally or finally

liquidated or sequestrated, to take possession of the goods without prejudice to any other rights

vested in it and the Seller shall reserve the right to claim any shortfall from the Applicant or its

estate.

All sizes, weights and other specifications given by the Seller are approximate only.

The Seller reserves the right to supply goods which do not exactly correspond with what the

Seller has agreed to supply provided that any differences do not make the goods unsuitable for

the declared purpose of the Applicant.

The Seller gives no warranty whatsoever whether express or implied that goods supplied are

suitable for the purpose for which they are bought.

The Seller shall not be liable for any loss of profit or any damages, direct or indirect,

consequential or otherwise sustained by the Applicant, arising from any cause whatsoever.

This agreement is governed by the Laws of the Republic of South Africa.

In terms of Section 45 of the Magistrate’s Court Act of 1944, the Applicant hereby consents to the

jurisdiction of the Magistrate’s Court, having jurisdiction in respect of any action to be instituted

against the Applicant by the Seller in terms of this agreement. It shall nevertheless be entirely in

the discretion of the Seller as to whether to proceed against the Applicant in such Magistrates

Court or any other Court having jurisdiction.

The Applicant agrees to be liable for all legal costs including attorney and own client costs,

collection commission and tracing agent fees which may arise.

A certificate by any director or manager of the Seller showing the amount due and owing by the

Applicant at any time given, shall be prima facie evidence for the purpose of al legal proceedings

against the Applicant for recovery for that amount.

Each party chooses the address set out opposite its name as the address at which all notices,

legal processes and other communications must be delivered for the purpose of this agreement:

The Seller Global Payment Technologies (Pty) Ltd

P.O. Box 76708

Wendywood

2144

The Applicant: __________________________________________________

__________________________________________________

__________________________________________________

Any notice or communication required or permitted to be given in terms of this agreement

shall be valid and effective only if in writing but it shall be competent to give notice by telefax.

Any party may by written notice to the other party change its address or telefax number to

another physical address or number, provided that the change shall become effective on the

fourteenth day after receipt of the notice by the addressee.

Any notice to a party contained in a correctly addressed envelope and

sent by prepaid registered post to it at its chosen address; or

delivered by hand by a responsible person during ordinary business hours as its chosen address;

shall be deemed to have received in the case of posting on the seventh business day after

posting (unless the contrary is proved) and in the case of by hand delivery on the day of delivery.

Any notice by telefax to a party at its telefax number shall be deemed, unless the contrary is

proved, to have been received within 2 (two) hours of transmission where it is transmitted

during normal business hours or within 2 (two) hours of the first business day after it is

transmitted outside those business hours.

No alteration, modification, cancellation, variation of, or addition hereto shall be of any force or

effect unless reduced to writing and signed by the Seller and the Applicant or their duly

authorised representatives.

This document and any order form or quotation issued by the Seller and accepted by the Applicant

contains the entire agreement between the parties and the Seller shall not be bound by any

undertakings, representations or warranties not recorded herein.

No indulgence, leniency or extension of time which the Seller / or preclude the Seller from

exercising any of its rights in the future.

The Applicant many not cede or assign its rights or delegate its obligations in terms of this

agreement without the prior written approval of the Seller.