I, the Customer, hereby agree to the following credit terms and conditions in connection with my application for credit terms from Nazmed Pharmaceutical cc. I, the Customer, agree as follows:

1. Whole agreement and acceptance

1.1 The Customer agrees that these terms and conditions: (1.1.1) represent the entire agreement between the Customer and Nazmed Pharmaceutical cc and that no alterations or additions to them may be effected unless agreed to by both parties, reduced to writing and signed by the Customer and a duly authorised representative of Nazmed Pharmaceutical cc; (1.1.2) will, in the absence of any other agreement, govern all future contractual relationships between the parties; (1.1.3) are applicable to all existing debts between the parties; (1.1.4) are final and binding and are not subject to any suspensive or dissolutive conditions; (1.1.5) expressly exclude any conflicting terms and conditions stipulated by the Customer; (1.1.6) supersede all previous terms and conditions of sale without prejudice to any securities or guarantees held by Nazmed Pharmaceutical cc; and (1.1.7) apply to all servants and subcontractors of Nazmed Pharmaceutical cc.

1.2 Should the Customer be granted an account at Nazmed Pharmaceutical cc, such account is personal to the Customer and is for the sole and exclusive use of the Customer to whom it was granted, and the Customer may under no circumstances allow any third party to purchase goods from Nazmed Pharmaceutical cc using such account facility.

1.3 These terms and conditions become final and binding on receipt of the acceptance by Nazmed Pharmaceutical cc at its business address.

2. Personal guarantee, co-indebtedness, representations, suitability, modifications and alternatives

2.1 The signatory hereby binds himself/herself in his/her personal capacity as director (in the case of a company), member (in the case of a close corporation) or owner or partner as co-debtor jointly and severally for the full amount due to Nazmed Pharmaceutical cc, and agrees that these terms and conditions will apply mutatis mutandis to him/her.

2.2 The Customer acknowledges that it does not rely on any representations made by Nazmed Pharmaceutical cc in regard to the goods and services, or any of their qualities, leading up to this agreement, other than those contained in this agreement. All specifications, price lists, performance figures, advertisements, brochures and other technical data furnished by Nazmed Pharmaceutical cc in respect of the goods or services, verbally or in writing, will not form part of the agreement in any way unless agreed to in writing by Nazmed Pharmaceutical cc.

2.3 The Customer agrees that neither Nazmed Pharmaceutical cc nor any of its employees will be held liable for any innocent misrepresentations made to the Customer.

3. Granting of credit

3.1 Nazmed Pharmaceutical cc will inform the applicant within 5 working days after receipt of the duly completed customer credit application form, whether the request for credit has been approved, and the maximum amount of credit granted by Nazmed Pharmaceutical cc ('Credit limit'). The credit limit shall remain in place indefinitely, provided that Nazmed Pharmaceutical cc shall be entitled to unilaterally revoke or suspend the facility and/or to vary the credit limit from time to time.

3.2 The applicant grants Nazmed Pharmaceutical cc the right to contact any company or institution it deems necessary in order to check the applicant's credit worthiness.

3.3 Nazmed Pharmaceutical cc may, from time to time, insure its debtors book. If insurance takes place, you will be required to co-operate with Nazmed Pharmaceutical cc's insurer and provide any aid and information that may be required by the insurer or its agents.

4. Exclusion and limitation of liability

4.1 Nazmed Pharmaceutical cc shall not be liable for any damage whatsoever (including consequential damage) suffered by the client, including its members, employees and/or representatives, as a result of any latent or patent defects in the goods, or any loss of profit or special damages of any nature.

4.2 The Client hereby indemnifies and holds Nazmed Pharmaceutical cc harmless against all damages, claims, costs and demands of any kind whatsoever arising from any cause in respect of, or in relation to, the use, consumption or sale of goods supplied.

5. Account and payment terms

5.1 You will be invoiced for purchases on delivery. Nazmed Pharmaceutical cc will render monthly statements of account to you at an email address provided by you. The amount due must be paid in full, without any demand, deduction or set off, within thirty (30) days of the date of the statement, except for COD accounts which need to be settled before goods are rendered.

5.2 Payments can be made via Electronic Fund Transfer (EFT) or cash deposits. Your account number should be used as a payment reference, and proof of payment should be emailed to the relevant address so that payment can be allocated to your account.

5.3 Should payments be overdue, Nazmed Pharmaceutical cc will be entitled to suspend your account and not be obliged to render any services to you, without notice, until the amount overdue is paid in full. Failure to keep to 30 days from the date of statement will result in a notice of demand issued after 7 business days. Failure to adhere to this demand will result in legal action being instituted against you without further notice.

5.4 Ownership of goods supplied vests in the Seller (Nazmed Pharmaceutical cc) until paid for in full.

5.5 When an account is overdue, Nazmed Pharmaceutical cc shall be entitled to suspend the Client's facility and any further sale/delivery of goods, without notice and without prejudice to referring the matter to a legal entity and/or third party for collection of an overdue balance. The cost of such exercise shall be borne by the client in toto.

5.6 Prices are subject to change without prior notice.

5.7 The customer will be in default if it: fails to pay any amount of money due to Nazmed Pharmaceutical cc on the due date; is sequestrated or placed in liquidation (whether voluntary, compulsory, provisional or final) or under judicial management; commits any act of insolvency, or what would be an act of insolvency if committed by a natural person; enters into an arrangement or compromise with its creditors generally; or fails to satisfy any judgment granted against it within 7 days of the date of judgment.

5.8 If the customer is in default: all amounts owed to Nazmed Pharmaceutical cc will immediately become due and payable, despite any agreement for credit with such customer; Nazmed Pharmaceutical cc may suspend all deliveries to the customer; Nazmed Pharmaceutical cc may cancel the customer's orders without notice; Nazmed Pharmaceutical cc may cede, encumber, deal with or in any way dispose of its interest in the amount owing without the customer's consent; and the customer shall pay on demand the costs involved in preparing all legal documents, including attorney fees and stamp duties. The customer consents to judgment as envisaged by section 58 of the Magistrates' Court Act, Act 32 of 1944, in the event of any default in payment.

6. Delivery, risks and returns policy

6.1 The Customer hereby confirms that the goods or services on the invoice issued duly represent the goods or services ordered by the Customer.

6.2 Delivery of the goods to the Customer shall take place at the place of business referred to in the approved credit application.

6.3 Any delivery note or waybill (copy or original) signed by the Customer, employee, representative or agent of the customer, or a third party engaged to transport the goods, and held by Nazmed Pharmaceutical cc shall be conclusive proof that delivery was made to the Customer.

6.4 The risk of damage to, destruction or theft of goods shall pass to the Customer on receipt of any order placed in terms of this agreement.

6.5 Delivery times given are merely estimates and are not binding on Nazmed Pharmaceutical cc.

6.6 Damages, shortages and incorrectly supplied goods must be reported to Nazmed Pharmaceutical cc within 48 hours of delivery. No claims will be entertained for goods correctly supplied to customers.

6.7 Nazmed Pharmaceutical cc may, but is not obliged to, accept the return of goods that were correctly supplied in accordance with the customer's order. If it does so, the following conditions will apply: prior authorisation from Nazmed Pharmaceutical cc must be obtained; the returned goods and packaging must be in a resaleable condition, as determined by Nazmed Pharmaceutical cc; the returned goods must be accompanied by proof of purchase (e.g. a delivery note or invoice); and the goods must be returned to Nazmed Pharmaceutical cc within 7 days of receipt thereof in order to qualify for a credit.

7. Legal expenses, indulgence and jurisdiction

7.1 The Customer shall be liable to Nazmed Pharmaceutical cc for all legal expenses on the attorney-and-own-client scale of an attorney and counsel incurred by Nazmed Pharmaceutical cc in the event of any default by the Customer, or any litigation regarding the validity and enforceability of this agreement. The Customer shall also be liable for any tracing, collection or valuation fees incurred, as well as for any costs, including stamp duties, for any form of security that Nazmed Pharmaceutical cc may require.

7.2 The Customer agrees that no indulgence whatsoever by Nazmed Pharmaceutical cc will affect the terms of this agreement or any of the rights of Nazmed Pharmaceutical cc, and such indulgence shall not constitute a waiver by Nazmed Pharmaceutical cc in respect of any of its rights herein. Under no circumstances will Nazmed Pharmaceutical cc be estopped from exercising any of its rights in terms of this agreement.

7.3 The Customer consents to Nazmed Pharmaceutical cc instituting any action in either the Magistrate's Court or the High Court at its sole discretion.

7.4 This agreement and its interpretation is subject to South African law.

8. General

8.1 Any notice shall be deemed duly accepted by the Customer: within 5 (five) days of mailing by prepaid registered mail to any of the Customer's business or postal addresses, or to the personal address of any director, member, partner or owner of the Customer; within 24 hours of being faxed to any of the Customer's fax numbers, or any director's, member's, partner's or owner's fax numbers; on being delivered by hand to the Customer or any director, member, partner or owner of the Customer; within 48 hours if sent by overnight courier; or within 24 hours if sent to the e-mail address stipulated in the approved credit application.

8.2 The Customer chooses domicilium citandi et executandi at the business address, or the physical addresses of any director (in the case of a company), member (in the case of a close corporation), or of the owner(s) or partner(s).

8.3 The Customer undertakes to inform Nazmed Pharmaceutical cc in writing within 7 (seven) days of any change of director, member, shareholder, owner or partner or address, and 14 (fourteen) days prior to disposal of the Customer's business. Failure to do so will constitute a material breach of this agreement.

8.4 The Customer hereby consents to the storage and use by Nazmed Pharmaceutical cc of the personal information that it has provided for establishing its credit rating, and to Nazmed Pharmaceutical cc disclosing such information to credit control companies, banks and other institutions involved in rating credit. The Customer agrees that Nazmed Pharmaceutical cc will not be held liable for the bona fide disclosure of any of this information to such a third party, and that no further specific consent need be obtained for the transfer of such information to a specific third party.

8.5 Nazmed Pharmaceutical cc reserves the right to revise its pricing structure in accordance with market, economic and other relevant circumstances.

8.6 The invalidity of any part of this agreement shall not affect the validity of any other part.

8.7 Unless the context clearly indicates a contrary intention, any expression which denotes: any gender includes the other genders; a natural body includes a body corporate and vice versa; the singular includes the plural and vice versa; and headings are for convenience only and are not to be taken into account for the purpose of interpretation.

I/We, the individual(s) named as Director / Member / Partner / Individual above, hereby bind myself/ourselves, jointly and severally, in my/our personal capacity/capacities, as surety/sureties for and co-principal debtor/debtors with the Registered Name above ("the customer") for the due performance by the customer of all its obligations existing or arising in terms of this application. I/We irrevocably agree that all acknowledgements and admissions by the customer shall be binding on me/us and that I/we shall be bound to the full extent of the suretyship, which shall at all times be fully and immediately enforceable. I/We waive the benefits of requiring Nazmed Pharmaceutical cc to sue the customer before it sues me/us, to only sue me/us for a proportionate share where several sureties secure those obligations, and to sue me/us together with any other sureties who also secure the customer's obligations.

I/We warrant and confirm that: (1) all information supplied is true and correct; (2) I/we are duly authorised to make this application; (3) I have read and understood the supply terms and conditions set out above; (4) I agree that all/any contracts of sale entered into by the purchaser and Nazmed Pharmaceutical cc shall be governed by the supplier's terms and conditions; (5) there have not been any circumstances present which disqualify the applicant from applying for a credit facility in this credit application or extension of such facilities; (6) I/We grant Nazmed Pharmaceutical cc the right to obtain and utilise credit bureau records for all assessments and other purposes necessary; and (7) I/We undertake to inform Nazmed Pharmaceutical cc in writing of any change or amendment to the information supplied by me/us within seven days from the date of such change or amendment.