Seafood Enterprise I Established 1984

16 Grantham Place, Greyville, Durban 4001, South Africa

APPLICATION FOR CREDIT FACILITY

1. TYPE OF BUSINESS: Registered Company Sole Proprietor Trust

Close Corporation Partnership Other

2. REGISTRED TRADE NAME:

3. REGISTRED ADDRESS:

4. POSTAL ADDRESS:

5. PHYSICAL ADDRESS:

6. TELEPHONE NO: . FAX NO: .

7. DATE OF REGISTRATION: .

8. REGISTRATION NUMBER:

9. HOW LONG ESTABLISHED? . ARE PREMISES RENTED /OWNED?:

10. VAT NUMBER:

11. DETAILS OF DIRECTORS / MEMBERS / PARTNERS

NAME I D NUMBER ADDRESS

... .. ..

.. ..

12. NATURE OF BUSINESS:

BRANCH: .. ACCOUNT NO:

14. AUDITORS: TELEPHONE NO: ...

15. NAME OF PERSON HANDLING ACCOUNTS, QUERIES, ETC: ..

16. E-MAIL ADDRESS: ..

17. CREDIT LIMIT REQUESTED: R

TRADE REFERENCES

NAME TELEPHONE NUMBER

1. ..

2. ..

3. ..

CREDIT CONDITIONS

1. I/We warrant that the information given is true and correct.

2. I/We agree that products are sold ex-store and dispatched at my/our risk, even if sent railage/or cartage
paid, and the creditors responsible ceases when the products are handed to me/us or to my/our
representative or to the cartage contractors or the South African Railways or skippers as the case may be.

3. I/We agree that claims shall lapse and be unenforceable unless lodged in writing within 24 hours of arrival
of the product;

4. I/We agree that the product delivered under a sale remains the property of the creditor as long as the
purchase price has not been paid. I/We have the right to resell the products or to process them, in the
normal way of a business transaction, but do not have the right to pledge them to third persons without
written agreement of the creditor. In the case of pledge to third persons, I/we are held to inform the
creditor without delay.
5. I/We acknowledge that until payment of overdue invoices, the creditor is not bound to effect further
deliveries and has the right to ask for payment in advance for further deliveries.

6. I/We am/are aware of the fact that the terms of payment are strictly 7 days from Invoice and hereby agree
to pay interest at Ordinary Bank Rate of any amount/s exceeding these terms and conditions.

7. I/We acknowledge that credit facilities may be withdrawn by the creditor at any time without prior notice.

8. I/We consent to the jurisdiction of the Magistrates Court , in respect of all actions arising out of the
supply of products and services, and which would otherwise be beyond the jurisdiction of the Magistrates

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 Court, such consent being consent as envisaged by Section 45 of the Magistrates Court Act, 1944 (as
amended).

9. I/We agree that should it become necessary for the creditor to proceed with legal action, the whole
amount outstanding on account will immediately become due and payable notwithstanding the fact that a
portion of the amount would not be payable in accordance with the agreed terms of payment.

10. I/We agree that a certificate issued by a Director or authorized employee showing the amount due and
owing to the creditor at any given time shall be prima face proof of the facts therein stated for the purpose
or all legal proceedings against me/us for recovery of the said amount and as evidence of the prevailing
rate of interest chargeable on overdue amounts.

11. I/We acknowledge that I/we shall be liable for all legal costs on the attorney and client scale, collection
fees and tracing fees that may arise from legal action taken by the creditor due to failure to redeem
indebtedness to the creditor. Liability in this connection shall be dependent on the clear understanding
that the creditor has given due written notice of the intended proceedings and for purpose of such notice,
the above registered address shall be regarded as domicilium citandi et executandi.

SIGNED AT ... THIS . DAY OF .. 20..

FOR THE APPLICANT & DULY AUTHORISED
HERETO

.
NAME (Please Print)

.
POSITION HELD

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DEED OF SURETYSHIP

The Signatories to this Application hereby jointly and severally bind themselves as sureties for and co-
principal Debtors with the Applicant to and in favour of Full House Taverns T/A Seafood Distributors amounts
which may now or in the future become due and payable by the Applicant to Full House Taverns T/A Seafood
Enterprises for any cause whatsoever and for the due performance by the Applicant of all its obligations to Full
House Taverns T/A Seafood Enterprise in respect of products purchased.

SIGNED AT ... THIS . DAY OF .. 20..

SIGNATURE: ID NUMBER:

SIGNATURE: ID NUMBER:

SIGNATURE: ID NUMBER:

SIGNATURE: ID NUMBER:

SIGNATURE: ID NUMBER: