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Terms of Business

DEFINITIONS

For the purposes of this agreement-

1.1 Application form means the application form attached hereto which application form shall include, but not be limited to, the details of the customer and associated requirements of the customer in respect of the products and shall incorporate the terms and conditions contained in this agreement;

1.2 Customer means the entity identified as such in the application form attached hereto;

1.3 SILVER CUBE PROMOTIONS CC means Silver Cube Promotions CC Registration Number: CK2001/036527/23;;

1.4 Order means a written order placed by the customer for the supply of the products from time to time by SILVER CUBE PROMOTIONS CC;

1.5 Products means the goods ordered by the customer as per the customers specifications and designed and distributed by SILVER CUBE PROMOTIONS CC;

1.6 Surety means the duly authorised representative of the customer as identified in the application form who will stand surety for the obligations of the customer in terms of the provisions of this agreement;

1.7 Territory means the territory as defined in the application form.

ARTWORK and COLOUR VARIATIONS

2.1 All artwork and printing charges will be levied where necessary unless previously stipulated by us. In order to brand efficiently, it may be necessary to adjust or redraw the customers artwork. The customer will be advised of any such changes. No branding will take place until SILVER CUBE PROMOTIONS CC has received in writing the signed off approval of the artwork from the customer. In order to sign off the artwork SILVER CUBE PROMOTIONS CC will furnish the customer with an artwork approval form via e-mail, illustrating the appearance of the artwork on the customers chosen product. This must be checked thoroughly by the customer in respect of, inter alia, spelling, fonts, colours (stipulate pantones if you require them and they are not shown), sizes, etc and signed off. No work will commence until SILVER CUBE PROMOTIONS are in receipt of the duly completed signed off form.

2.2 All positives, screens, plates and digitising remains the property of SILVER CUBE PROMOTIONS CC

2.3 The customer understands that the branding of promotional products is not always permanent and may wear off over time.

2.4 Due to the variety of materials and the different branding processes utilized by SILVER CUBE PROMOTIONS CC and its suppliers, no guarantee will be given to march exact pantone numbers or colour samples provided by the customer. SILVER CUBE PROMOTIONS CC will match as closely as possible the colour references but cannot be held liable for any additional costs that may arise.

ORDER OF THE PRODUCTS

3.1 The customer shall be entitled for the duration of this agreement to place orders for such number of units of the products as required by the customer and/or any of its customers from time to time. The customer acknowledges that it is its sole responsibility to determine that the products ordered are suitable for the purposes of the intended use of the products by the customer and/or its customers.

3.2 No order for any of the products shall be processed by SILVER CUBE PROMOTIONS CC until it has been received in writing by SILVER CUBE PROMOTIONS CC. SILVER CUBE PROMOTIONS CC shall be entitled to reasonably refuse any order placed by the customer and SILVER CUBE PROMOTIONS CC shall under no circumstances be liable to the customer if for any reason SILVER CUBE PROMOTIONS CC refuses to accept, fails to deliver and/or fails to deliver timeously any order or part thereof placed with SILVER CUBE PROMOTIONS CC by the customer.

3.3 Delivery or lead time, as the case may be, are merely estimates and are not binding on SILVER CUBE PROMOTIONS CC.

3.4 All deliveries will be charged at the prevailing rates applying at the date of such delivery. Special express deliveries will be subject to additional charges and will be charged to the customer at the commercial rates applicable at that time

3.5 Lead times will be deemed to commence on the date and time that SILVER CUBE PROMOTIONS CC receive in writing all signed off approval of the artwork, signed acceptance of the quote supplied by SILVE CUBE PROMOTIONS CC to the customer and payment of the funds have been cleared.

3.6 Until such time as the customer has paid the fees referred to in clause 4 below in full in respect of each unit of the products ordered by the customer from time to time, the ownership, in and to each unit of the products shall remain vested in SILVER CUBE PROMOTIONS CC. The risk in and to the products shall pass from SILVER CUBE PROMOTIONS CC to the customer upon the date of delivery thereof by SILVER CUBE PROMOTIONS CC to the customer. Any delivery note (be it a copy or an original) signed by the customer or a third party engaged to transport the products shall be conclusive proof that delivery was made to the customer. Any third party engaged in transporting the goods shall be deemed to be the agent of the customer irrespective of which party gave instructions to or paid such third party.

3.7 At the customers request, SILVER CUBE PROMOTIONS CC will cause goods to be delivered to the customer via courier, which costs shall be debited to the customer and payable by the customer upon delivery of the goods. Should the customer require the goods to be insured, the customer will be liable for the payment of such insurance upon dispatch of the goods by SILVER CUBE PROMOTIONS CC.

3.8 SILVER CUBE PROMOTIONS CC shall be entitled in its sole discretion to split the delivery of the products ordered in the quantities and on the dates it decides.

3.9 SILVER CUBE PROMOTIONS CC shall be deemed to have fulfilled our contract by delivery of a quantity within 5% plus or minus of the quantity of printed goods ordered and you will be charged at the contract rate for the quantity delivered.

3.10 The customer irrevocably authorises SILVER CUBE PROMOTIONS CC to enter the premises of the customer to repossess any products delivered and which have not been paid for by the customer. The customer indemnifies SILVER CUBE PROMOTIONS CC against any and all damages whatsoever relating to the removal of repossessed products and agrees to pay any and all costs associated with the repossession of the products.

FEES

4.1 The customer shall pay in cash the amount specified on the tax invoice issued by SILVER CUBE PROMOTIONS CC in respect of the supply of the products from time to time at the office of SILVER CUBE PROMOTIONS CC by payment -

4.1.1 against delivery of the products; or

4.1.2 if the customer is a Credit Approved Customer, within the granted credit period as specified on the credit application after a tax invoice is issued by SILVER CUBE PROMOTIONS CC.

4.2 The customer hereby agrees that -

4.2.1 SILVER CUBE PROMOTIONS CC shall have the right, by written notice to the customer, at all times during the period of this agreement to vary the charges and prices payable by the customer to SILVER CUBE PROMOTIONS CC;

4.2.2 all payments to be made by the customer to SILVER CUBE PROMOTIONS CC shall be made free of deduction, set-off, bank charges or commission;

4.2.3 all amounts payable by the customer to SILVER CUBE PROMOTIONS CC are tax exclusive of value-added tax. In the event that the rate of value-added tax or such other similar tax be varied from time to time, the payments to be made by the customer to SILVER CUBE PROMOTIONS CC shall be adjusted accordingly;

4.2.4 a certificate under the signature of any manager or director of SILVER CUBE PROMOTIONS CC shall constitute prima facie proof of the amount of the indebtedness of the customer and/or the surety hereunder to SILVER CUBE PROMOTIONS CC at any time, including any interest, the rate of interest and the method of calculation thereof. It shall not be necessary to prove the appointment or signature of the manager or director signing any such certificate;

4.2.5 any amount which is not paid on due date as contemplated in terms of this agreement shall, without prejudice to any other rights which SILVER CUBE PROMOTIONS CC may have, bear interest at the prime overdraft lending rate of ABSA Bank Limited from time to time as certified by any manager of ABSA Bank Limited (whose appointment need not be verified and which certificate shall constitute prima facie proof thereof) plus 2% (two per centum), from due date to date of final payment;

4.2.6 the then prevailing rates of SILVER CUBE PROMOTIONS CC for any goods and/or services rendered by SILVER CUBE PROMOTIONS CC on a time and materials basis shall apply where no rate has been agreed in writing between the parties.

4.2.7 all quotations are valid for 7 (seven) days from the time of giving the quote, error and omissions excluded.

4.2.8 All cancellations will be subject to a minimum cancellation charge of 35%, together with the costs for all work completed to date of receipt by SILVER CUBE PROMOTIONS CC of a written cancellation from the customer.

5. SECURITY

5.1 The surety by virtue of its signature to the application form hereby binds itself as surety for and co-principal debtor in solidum with the customer for the due and punctual performance by the customer of all or any of its present and future obligations arising from this agreement including obligations arising from the breach or the termination of this agreement and/or any liability or losses incurred by or third party claims made against SILVER CUBE PROMOTIONS CC as a result of the customers failure to perform its obligations sufficiently or at all as set out in this agreement, and all associated costs and charges including all reasonable legal costs on the scale as between attorney and his own client.

5.2 This suretyship shall be in addition to and without prejudice to any other suretyship, guarantee, indemnity or security of whatsoever nature which SILVER CUBE PROMOTIONS CC holds or may obtain from or on behalf of the customer and shall remain in force as a continuing covering suretyship for the fulfillment by the customer of its obligations, notwithstanding any interim settlement of account and notwithstanding the legal incapacity or other legal disability of the surety.

5.3 The surety hereby expressly waives and renounces the benefits of excussion, division and cession of action and the exceptions non numeratae pecuniae, non causa debiti, revision of accounts, no value received, errore calculi and de duobus vel pluribus reis debendi in so far as each may be applicable and declares itself to be fully acquainted with the meaning and effect of those benefits and exceptions and to renunciation thereof.

6. LIABILITIES AND LIMITATIONS

6.1 The products shall be regarded as having been sold â€œvoetstootsâ€ without warranty against latent defects therein. Without derogating from the generality of the aforesaid, the products are guaranteed according to the manufacturerâ€™s product specific warranties only and all other guarantees and/or warranties, including but not limited to any common law guarantees, are hereby specifically excluded. All guarantees are immediately null and void should any products be tampered with and/or should the products be operated outside the specifications of the manufacturer from time to time in any manner whatsoever.

6.2 All claims for defective and/or damaged products shall be submitted by the customer to SILVER CUBE PROMOTIONS CC within 24 (twenty four) hours of acceptance of receipt of the products by the customer as evidenced by a delivery note signed by the customer. The customers sole remedy will be limited exclusively to the replacement and/or correction of the non-conforming item of the products at the expense of SILVER CUBE PROMOTIONS CC, provided that SILVER CUBE PROMOTIONS CC shall be entitled to charge a 10% (ten per centum) handling charge which shall immediately become due and payable by the customer.

6.3 Neither the customer nor any other person shall have any claim against SILVER CUBE PROMOTIONS CC for any direct, consequential, incidental, indirect or special loss or damages including (without being limited to) business interruption, loss of business information, loss of data or other pecuniary loss, arising from the unavailability of, or interruption in the services, regardless of whether such claim is based on breach of contract, delict, breach of implied warranties or otherwise and even if the possibility of such loss or damages could have been foreseen.

6.4 In all cases (and excluding any liability which may not by law be excluded or limited), SILVER CUBE PROMOTIONS CCs total liability, whether in contract, negligence or otherwise, under or in connection with this agreement will not exceed in aggregate 100% (one hundred per centum) of the total fees received by SILVER CUBE PROMOTIONS CC with respect to the service giving rise to the liability during the 12 (twelve) month period prior to the last cause of action.

6.5 SILVER CUBE PROMOTIONS CC reserves the right to alter any details and/or design of products displayed on its website, electronic messaging and/or sales literature, and no warranty is given as to the accuracy thereof and no responsibility will be accepted for error or incorrect description and any resultant loss arising thereof.

7. INDEMNITY

The customer hereby unconditionally and irrevocably indemnifies SILVER CUBE PROMOTIONS CC and agrees to hold SILVER CUBE PROMOTIONS CC free from all loss, damages, claims and/or costs, of whatsoever nature suffered or incurred by SILVER CUBE PROMOTIONS CC or instituted against SILVER CUBE PROMOTIONS CC as a direct or indirect result of -

7.1 the customers use of the products;

7.2 the customers failure to comply with any provision of this agreement or any other requirements which SILVER CUBE PROMOTIONS CC may impose from time to time.

8. INTELLECTUAL PROPERTY

The customer acknowledges that any and all of the copyright, trademarks and all other intellectual property rights used or subsisting in or in connection with the products shall vest in and shall be the sole property of SILVER CUBE PROMOTIONS CC and the customer shall not during or at any time after the completion, expiry or termination of this agreement in any way question or dispute the ownership thereof.

All items illustrated on the website containing corporate logos or registered trademarks are shown for the purposes of illustrating SILVER CUBE PROMOTIONS CCs logo and print reproduction capabilities. The purchase of goods from SILVER CUBE PROMOTIONS CC in no way, shape or form grants you permission to reproduce logos, nor does it transfer, grant or lease ownership of any logos or trademarks to you or any third party.

9 BREACH

In the event that -

9.1 the customer fails to effect payment of any amounts due to SILVER CUBE PROMOTIONS CC in terms of this agreement on due date;

9.2 there is any change in direct and/or indirect control, ownership or management of the customer;

9.3 either party commits a breach of any of the terms of this agreement and fails to remedy such breach within 7 (seven) days of receipt of written notice from the other party, then SILVER CUBE PROMOTIONS CC or the customer (the aggrieved party), as the case may be, shall be entitled without prejudice to any other remedies which the aggrieved party may have in law (including but not limited to specific performance) to cancel this agreement and claim any damages that the aggrieved party may have suffered.

9.4 Notwithstanding the amount which may at any time be owing by the customer to SILVER CUBE PROMOTIONS CC, the parties hereto consent, in terms of Section 45 of the Magistrates Court Act (32/1944) to the jurisdiction of the Magistrates Court having jurisdiction for the determination of any action or proceedings otherwise beyond the jurisdiction of the said court which may be brought by SILVER CUBE PROMOTIONS CC against the customer arising out of any transaction between the parties.

10. FORCE MAJEURE

If force majeure cause delays in or failure or partial failure of performance by a party of all or any of its obligations hereunder, this agreement, or as the case may be, the effected portion thereof, shall be suspended for the period during which the force majeure prevails, but if the force majeure affects any material part of the agreement only for a maximum period of 60 (sixty) days, then SILVER CUBE PROMOTIONS CC shall be entitled on 7 (seven) days written notice to the customer to cancel this agreement. For the purpose hereof, force majeure includes strikes, riots, lockouts, fire, floods, drought or any other cause beyond the control of the parties.

11. GENERAL

This document constitutes the sole record of the agreement between the parties in regard to the subject matter hereof and SILVER CUBE PROMOTIONS CC shall not be bound by any express, tacit or implied terms, representation, warranty promise or the like if not recorded herein.

11.1 Save as otherwise specifically provided herein, no addition, variation, or consensual cancellation of this agreement shall be of any force or effect unless in writing and signed by or on behalf of the parties.

11.2 No indulgence, which SILVER CUBE PROMOTIONS CC may grant to the customer, shall constitute a waiver of any of the rights of SILVER CUBE PROMOTIONS CC who shall not thereby be precluded from exercising any rights against the customer which may have arisen in the past or which might arise in the future.

11.3 These terms and conditions will be governed, construed and take effect in all respects in accordance with the laws of the Republic of South Africa and the parties hereby consent to the exclusive jurisdiction of the South African Courts.

11.4 The customer chooses as its domicilium citandi et executandi for all purposes arising from this agreement, the address set out in the application form and any notice given by SILVER CUBE PROMOTIONS CC to the customer at such address by prepaid registered post shall be deemed to have been received by the customer and brought to its notice -

11.4.1 on the 7th (seventh) day after the date of posting;

11.4.2 within 24 (twenty four) hours of being faxed to the customer;

11.4.3 on being delivered by hand to the customer or any representative of the customer.

11.5 The customer shall be liable for all costs as between attorney and own client, which are incurred by SILVER CUBE PROMOTIONS CC in the pursuance of its rights under this agreement. Such costs shall include the cost of tracing as well as collection commission.

11.6 The customer shall not be entitled to cede or assign this agreement or any of its rights under this agreement nor to delegate any obligation under this agreement to any party without the prior written consent of SILVER CUBE PROMOTIONS CC.

11.7 The invalidity of any part of this agreement will not affect the validity of any other part.

11.8 These terms and conditions apply to all orders and supersede all others. Receipt of acknowledgement of an order by the customer constitutes acceptance that these conditions are the only conditions that apply to the contract notwithstanding any purported terms put forward by the customer.