Application for Credit Facilities

In the name of

______________________________________________ Referred to as The Customer

To conduct business with

SOUTHGATE COURIER SERVICES

__________________________________________________ Further referred to as The Supplier

I/We hereby apply for credit facilities and for the opening of an account with yourself in support of the application, the following particulars are furnished.

This application includes Suretyship!

Application for Credit Facilities

Registered / Full Name of Business: _______________________________________________________________ (Hereinafter referred to as the Customer) Company / CC Registration No: ________________________ VAT registration No: ____________________ IMP/EXP Code: ______________________ Type of Business: (Please indicate) [ ] Private Company [ ] Close Corporation [ ] Partnership [ ] Other (specify) ____________________

Note: If there are subsidiaries / divisions that can be charged on the same account, please list them below: Trading as: 1) ___________________________________________________ Contact: _________________________Tel: ___________________ 2) ___________________________________________________ Contact: _________________________ Tel: __________________ Nature of Business: ________________________________ Period Trading as Current Business: ______ Years ______ Months Business Physical Address:* _________________________________________________________ City / Town: ___________________ Code: _______ * (This is agreed to be the applicants domicilium cetandi et executandi) P O Box: __________________ Suburb: ___________________________________ Code: ________ Telephone No: ( ) ____________________ E-Mail: _______________________________ Fax No: ( ) __________________

Directors / Partners / Owners or Members Details

Full Names 1. 2. 3. Residential Address I.D. Number ____________________________________ / _____________________________________________________ / ______________________ ____________________________________ / _____________________________________________________ / ______________________ ____________________________________ / _____________________________________________________ / ______________________

IMPORTANT: The full names and addresses of Partners / Directors / Members / Owners are required. ** Person directly responsible for payment of this account: Name: ________________________________ Tel: ( ) _________________ Email: _______________________ Mobile No: ________________

Bankers: ____________________________________ Branch: _________________________ Account No: __________________ Code: __________ Credit Required: R ______________ Per Month Payment Method (Please tick) _______ Cash _______ Cheque _______ Electronic Transfer Trade References: 1) ________________________________________________ Account No: ______________________ Tel No: _____________________ 2) ________________________________________________ Account No: ______________________ Tel No: _____________________ 3) ________________________________________________ Account No: ______________________ Tel No: _____________________ Conditions of Acceptance I / We accept that my / our dealings with Southgate Courier Services are governed by and subject to Southgate Courier Services Credit Policy Terms and Conditions and Terms & Conditions of Carriage of which I / we have received a copy of. I / We agree that the terms of settlement of this account are within 30 days from date of statement and any account not settled within these agreed Terms of Credit will be charged interest at the maximum permissible rates. I / We agree that I / we will not be entitled to withhold any payment which is lawfully due to Southgate Courier Services by me / us pending the outcome of any dispute which may arise. In the event that Southgate Courier Services instructs their Attorneys or collection agents to institute action against me / us arising from, or in connection with, this document, I / we acknowledge that I / we shall be liable for all costs incurred by the Attorneys, as well as the collection charges and tracing fees. Credit Report / Check Consent: - By accepting these Terms and Conditions I / we consent to a Credit Report / checks being obtained in order for Southgate Courier Services to make a decision about credit related services. In obtaining these checks / reports, info provided by me / us may be disclosed to registered agencies / companies, which may keep a record of that information. TO BE SIGNED BY DIRECTOR / MEMBER / PARTNER OR OWNER! Print Name: _______________________________ Designation: _____________________ Date: ________________ Signature: __________________________ Company \ Business Stamp: ________________________

Deed of Suretyship
1. I, the undersigned. ____________________________________________________________________________________________________

I/We the undersigned

do hereby bind myself ID No ____________________________ 1._______________________________________in favour of

SOUTHGATE COURIER No ____________________________ {Full names and ID Nos 2. ______________________________________ IDSERVICES of Surety / Sureties} (the Creditor) 3. ______________________________________ ID No ____________________________
Full addresses of Surety/Sureties:

Its successors in title and assigns, as surety for a joint and several co-principal debtor with: (the Principal Debtor)

_______________________________________________________________________________ 1. _____________________________________________________________________________________________
for: 2. _____________________________________________________________________________________________ 1.1 the payment by the Principal Debtor of all moneys which are due or may become due from time to time by the Principal Debtor to the Creditor in terms of or 3. arising out of the enforcement, breach or cancellation (including cancellation by the Principal Debtors liquidator or judicial manager, whether provisional or final, _____________________________________________________________________________________________ pursuant to any power conferred by statute or Order of Court) of the Application for Credit, to which the Deed is annexed, between the Creditor and the Principal doDebtor (the Agreement); hereby bind myself/ourselves, as surety/ies and co-principal debtor/s jointly and severally and in solidium with:

1.2 _________________________________________________________________________________________________________ Principal Debtor may now the due and faithful performance by the Principal Debtor of all the Principal Debtors obligations in terms of the Agreement which the or in the future be obliged to perform; (Hereinafter referred to as The Principal Debtor/s) unto and in favour of SOUTHGATE COURIER SERVICES CC I further undertake as a principal obligation to procure that the Principal Debtor dulyreferred to as performs all of its aforesaid obligations. (Hereinafter and faithfully the Creditor) or its successors in title or assigns for the due and punctual payments of all amounts of whatsoever nature and/or for the performance of any obligation, all of 2. My liabilitymay now beshall in no way be affected orpayable or owing Creditor either now or in thethe Creditor foradditional suretyships, guarantees or securities, which hereunder or in the future become due diminished if the by the Principal Debtor/s to future obtains any reason whatsoever. whether real or personal, in respect of the debts and/or obligations of the Principal Debtor. 2. The Creditor shall be at liberty, in its sole and absolute discretion, without my/our prior knowledge or consent, and without releasing me /us from my/our liability 3. This suretyship shall be continuing covering security for any future indebtedness of the Principal Debtor to the Creditor and shall remain in full force and effect hereunder: notwithstanding any fluctuation in, or even the or take such steps asof, may deem fit against the suretyship cannot be revoked before thereposes anyis terminated by (I) to institute such proceedings temporary extinction it such indebtedness. This Principal Debtor/s including the right to Agreement goods sold to the agreement and shall remain in full force and effect until: in such manner, at such price and on such terms as the Creditor in its sole discretion may decide, in which Debtors and to deal therewith or sell same event the selling price shall be deemed to be true market value of the goods sold: 3.1 all moneys owing by the Principal Debtorother arrangements withof the Agreement or arising out of the enforcement, breach or cancellation of the Agreement (ii) to compromise with or make to the Creditor in terms the Principal Debtor/s and/or with any other sureties: have been paid; to grant any leniency, indulgence or extension of time to the Principal Debtor/s or vary any agreement, undertaking and/or arrangement with the (iii) Principal Debtor/s in any other manner whatsoever: 4. The Creditor shall To enter into agreements of or notificationwith the Principal debtor/s in respect of any existing or future arrangement and/or to enter into new (iv) be entitled, without reference cancellation to me and without affecting its rights hereunder, and without releasing me from my liability hereunder, to institute such arrangements and/orsuch stepsnewitpurchasers for the Principal Principal Debtor, to release other securities, guarantees and/or sureties and/or to grant proceedings or take substitute as may deems fit against the Debtor/s: the Principal Debtorcede, assignof time for payments of its right, title andor to make any other arrangementsclaimsthe Principal Principal Debtor/s which are nowthe (v) to extensions and/or transfer any and/or compound interest in and to any or all of its with against the Debtor and/or other sureties for in discharge of the Principal Debtors indebtedness. Any leniency, indulgence oron such cession my/our liability shall continue in Principal Debtor, or a variation of the existence or may come into existence in its own discretion and extension of time which may be granted to the favour of the cessionary for both the Agreement shall not be construed as a waiver of any of and Creditors rightsof any future liabilityin no wayby the Principal Debtor/s with the cessionary arising from any existing liability at the date of the cession the also in respect or claims and shall incurred release me from my liability hereunder. cause whatsoever. 5. In the In any of the Principal Debtor being placed under liquidation/judicial management/sequestration (whether provisionally, compulsorily or voluntarily), the Creditor 3. event and all of the events described above, my/our liability shall be co-extensive with that of the Principal Debtor/s. shall be entitled to accept any dividend on account and in reduction of the Principal Debtors indebtedness without prejudice to its rights against me, which rights shall furtherI/We hereby indemnify and hold the Creditor acceptance of any loss or securities, guarantees or suretyships arising out of irrespective of the validity 4. not be prejudiced by the Creditors harmless against any other damage which it may sustain for any reason whatsoever, such liquidation/judicial management/sequestrationits cause/s of its claim/s of any offerPrincipal Debtor/s. and/or enforceability of or by its acceptance against the of compromise made by or on behalf of the Principal Debtor, whether then in liquidation/judicial management/sequestration or otherwise. 5. I/We hereby waive and renounce the exceptions and/or benefits of excussion, cession of action, errore calculi, non numeratae pecuniae, revision of 6. For accounts and de duobus vel pluribus reis debendi signed by the Secretary/Controller/Credit Manager renunciation whereof, the amount owing by the Principal the purpose of any action against me, a certificate with the full force and effect of the meanings and of the Creditor as to I/we acknowledge ourselves to be Debtor to the Creditor and of the fact that the due date for payment of the same has arrived shall be sufficient and satisfactory proof of the facts herein stated until the acquainted. contrary shall have been proved. 6. It is agreed and declared that all admissions or acknowledgements of indebtedness by the Principal Debtor/s shall be binding on me/us. 7. I hereby renounce the benefits of the legal exceptions non causa debiti, error calculi, excussion, division, de duobus vel pluribus reis debendi, no value received and revision of account, Suretyship and indemnity shall notof which I declare myself to be fully consent of the Creditor. 7. This Deed of with the meaning and effect of all be cancelled save with the written acquainted. 8. I hereby the event of insolvency, liquidation, assignment or compromise by the1969 as amended, both Creditor shall be entitled running in respect of Estate for the full 8. In waive the benefits conferred in terms of the Prescription Act No 68 of Principal Debtor/s, the in regard to prescription to prove against the the principal debt andamount of the my obligationsand/or to accept any offer Suretyship and Iwhether at common fromor in termsas a defense against any claim by prejudice to its rights in respect of indebtedness in terms of this Deed of of compromise, shall be precluded law pleading of any statutory provision, without the Creditor that the claim against me has prescribed. extent hereof any sum which may be owing by the Principal Debtor/s. to recover from me/us to the full I hereby agree that the Creditorconsent thatoption, be entitled tobe entitled, atlegaloption, to institute any legal proceedings connection with this Deed ofin connection 9. I/We hereby agree and shall, at its the Creditor shall institute any its proceedings which may arise out of or in which may arise out of or Suretyship in anyherewith in any Magistrates Court having jurisdiction inthe fact thatmy/our person notwithstanding that the claim or the value of the jurisdiction of such Magistrates Magistrates Court having jurisdiction, notwithstanding respect of the claim or the value of the matter in dispute might exceed the matter in dispute might exceed Court. jurisdiction of the Magistrates Court. the I hereby choose domicilium citandi et executandi atsigned by theset out below at which address all notices and communications may besetting out the me and all 10. I/We acknowledge and agree that a certificate the address Secretary/Controller/Credit Manager of the Creditor for the time being addressed to amount of notices addressed to me at the said address sufficient and satisfactory evidence andpost shall be deemed to have reachedse ofthreeamount ofafter the indebtedness to my/our indebtedness hereunder shall be and despatched by pre-paid registered shall constitute prima facie proof per me the (3) days my/our date of posting: the Creditor.

9.

10.

ADDRESS Creditor shall be at liberty, without discharging me/us from liability hereunder, to grant time or other indulgences to the Principal Debtor/s, and shall 11. The : _________________________________________________________________________________________________________
11. likewise be at liberty to give such terms to and make such conditions with the Principal Debtor/s, as the Creditor shall think fit, and at all or any time or times, to I acknowledgeand revise the same or anythis Deed of Suretyship, this document wasadvisable in in all respects in that all the terms contained in this document were alter, vary that at the time of signing part thereof, as the Creditor may consider completed its own interests, without reference to me/us, and the Creditor shall embodied at the time to take any security/ies which it may think fit from the Principal Debtor/s, or any other surety/ies and in its discretion to realize and discharge or also be at liberty of signing. otherwise deal with any such security/ies or any part thereof.

12. I/We do SIGNED AT domicilium citandi et executandi for all purposes arising day of at the address set out below, opposite 20______ THUS DONE AND hereby choose _________________________________this_____ hereout ___________________________ my/our name/s: THUS DONE AND SIGNED AT ______________________________this_________ day of ______________________________ 20_____ As Surety: As Witnesses: As Full Name: Witness: ________________________________________ 1 _____________________________________________ 2 _____________________________________________ As Surety/Sureties: 1. Full Name: __________________________ Signature: ________________ 1 ____________________________________________

2. Full Name: __________________________ Signature: ________________ 2 ____________________________________________

3 ____________________________________________

Signature: ______________________________
3 _____________________________________________