ACE INTEGRATED MANAGEMENT SYSTEM

Credit Account Application DOC REF NO: ACE-IMS-TEM-024

Document Number: ACE-IMS-TEM-024 Revision Number: 0 Revision Date: 08/08/2018

Authorised by: Peter Williams Document uncontrolled when printed Page 1 of 3

Credit Account Application To be completed by the applicant: Please enter all information in clear block letters and read the full Credit Terms and Conditions

on page 2, and submit to accounts@australce.com.

APPLICANT DETAILS

TRADING NAME

LEGAL NAME

NATURE OF BUSINESS

ABN ACN

PHONE WEBSITE

ACCOUNTS CONTACT ACCOUNTS EMAIL

CREDIT FACILITY VALUE REQUESTED $

BILLING ADDRESS POSTAL ADDRESS

STATE POSTCODE STATE POSTCODE

OWNER (If Sole Trader) PARTNERS (If Partnership) DIRECTORS (If Company) OR TRUSTEE (If a Trust)

FULL NAME 1 FULL NAME 2

PHONE PHONE

HOME ADDRESS HOME ADDRESS

STATE POSTCODE STATE POSTCODE

TRADE REFERENCES (Should compare in value with the credit facility being requested)

TRADE REFERENCE 1 TRADE REFERENCE 2

NAME NAME

PHONE PHONE

STATE POSTCODE STATE POSTCODE

TRADE REFERENCE 3 TRADE REFERENCE 4

NAME NAME

PHONE PHONE

STATE POSTCODE STATE POSTCODE

ACE INTEGRATED MANAGEMENT SYSTEM

Credit Account Application DOC REF NO: ACE-IMS-TEM-024

Document Number: ACE-IMS-TEM-024 Revision Number: 0 Revision Date: 08/08/2018

Authorised by: Peter Williams Document uncontrolled when printed Page 2 of 3

CREDIT TERMS AND CONDITIONS

1. In these terms and conditions:

ACE means Australian Ceramics Engineering Pty Ltd (ABN 89 153 041 975) of 67 Excellence Drive, Wangara WA 6065.

Application means this document and includes these terms and conditions.

Credit Facility means the credit limit approved by ACE and notified to the Customer, or in the absence of any notification, the amount of the

requested credit facility specified in this Application.

Customer means the applicant described in this Application.

2. The Customer acknowledges that it has read and understood, and agrees to these terms and conditions for the establishment and use of a

credit account (Credit Facility).

3. By executing this Application, the Customer offers to acquire and use a Credit Account on these terms and conditions.

4. If ACE approves this Application, a binding contract will be formed between ACE and the Customer on these terms and conditions (Contract).

5. The parties agree that the Credit Account may be used as a means of transacting payments by the Customer for the provision of goods or

services by ACE under separate terms and conditions of sale or supply.

6. For the purpose of considering this Application and at any time during the term of the Contract, the Customer authorises ACE to make

enquiries to satisfy itself as to the creditworthiness of the Customer and the Customer agrees to sign any authorities required for that purpose.

7. The Credit Limit is subject to review at any time by ACE and may be amended upon written request by the Customer.

8. The balance of the Credit Account must not at any time exceed the Credit Limit and the Customer agrees to immediately pay any amount

charged to the Credit Account in excess of the Credit Limit, whether or not demand for such payment has been made by ACE.

9. Invoices or notices will be deemed to be given to the Customer:

a. if sent by post, 2 business days after posting; or

b. if sent by email, on the day of transmission,

to the Customer’s postal or email address (as the case may be) specified in this Application or to any subsequently notified address.

110. The Customer agrees to pay to ACE any invoice issued by ACE, such payment to be made no later than 30 days (NET) following the date of

invoicing unless otherwise formally agreed upon by ACE. Interest capitalised monthly and calculated monthly at the rate of one and a half

per cent (1.5%) may be payable and applies to any overdue amounts from the date those amounts became due until the date payment is

received in full by ACE.

11. The Customer will be deemed to have accepted an invoice as correct (absent manifest error), unless the Customer otherwise gives written

notice to ACE within 7 days of being given the invoice, in which case the Customer agrees to pay the undisputed amount in accordance with

condition 11.

12. ACE may in its absolute discretion suspend or terminate this Contract by written notice to the Customer (with immediate effect or as otherwise

specified in the notice) where the Customer:

a. breaches this Contract;

b. is unable to pay its debts as they fall due, or ceases or suspends the conduct of its business, or an administrator or liquidator is

appointed;

c. undergoes a change in ownership or control; or

d. goes into bankruptcy.

13. Where ACE suspends or terminates this Contract in accordance with condition 12, all amounts invoiced to the Customer shall become

immediately due and payable to ACE.

14. Any expenses and/or costs or disbursements incurred by ACE in recovering any outstanding monies including debt collection agency fees and

legal costs on a full indemnity basis shall be paid by the Customer within 7 days of demand by ACE.

15. The Customer consents to ACE collecting, disclosing and exchanging personal information about it for the purpose of assessing this

Application, the Customer’s credit worthiness and credit information (including for the purpose of seeking information from a credit reporting

agency and referees provided in this Application). The information which may be given includes particulars of the Customer’s identity, the fact

that the Customer has applied for credit and the amount of such credit and information about any defaults by the Customer.

16. The Customer must notify ACE within 7 days of any change in the ownership or control of the Customer, in which case ACE reserves the right to

suspend or terminate this Contract and require a new credit account application to be submitted.

17. The Customer warrants that all statements made in this Application and that any representations made by the Customer during the term of this

Contract are true and correct. The Customer acknowledges that ACE has relied upon the correctness of these warranties in approving this

Application and continues to rely on these warranties during the term of this Contract.

18. The signatories to this Application warrant that they are authorised to sign this Application.

19. Where the Customer is a proprietary company, each director must complete and sign the personal guarantee on page 3 in this Application

Authorised Name: ____________________________________________________

Signed: ______________________________________________________________

Witnessed: ___________________________________________________________

Date: ________________________________________________________________

Authorised Name: ____________________________________________________

Signed: ______________________________________________________________

Witnessed: ___________________________________________________________

Date: ________________________________________________________________

ACE INTEGRATED MANAGEMENT SYSTEM

Credit Account Application DOC REF NO: ACE-IMS-TEM-024

Document Number: ACE-IMS-TEM-024 Revision Number: 0 Revision Date: 08/08/2018

Authorised by: Peter Williams Document uncontrolled when printed Page 3 of 3

PERSONAL/DIRECTORS GUARANTEE AND INDEMNITY (to be completed only if company is proprietary)

IN CONSIDERATION OF Australian Ceramics Engineering Pty Ltd (ABN 89 153 041 975) granting credit to

_________________________________________________of ________________________________________________

(the Customer / Company)

I/We_______________________________________________________________________________________________

of__________________________________________________________________________________________________

(Guarantor) guarantee the payment of any amount which is now due or owing or which may become

due or owing by the Customer to Australian Ceramics Engineering Pty Ltd as follows:

1) The Guarantor UNCONDITIONALLY AND IRREVOCABLY agrees:

2) THAT this Guarantee shall be a continuing Guarantee and shall not be determined by the death of the Guarantor.

3) THAT all compositions and payments received by the Company shall be taken as payments in gross and the Guarantor's

right to be subrogated in respect thereof shall not arise until the Company shall have received the full amount of the

Customer's indebtedness to it.

4) THAT no time or other indulgence granted to the Customer nor any variation in the terms of any contract or arrangement

between the Company and the Customer, nor the release by the Company of any guarantee or security held by the

Company shall in any way affect the liability of the Guarantor.

5) THAT the discharge, extinguishment or postponement by operation of law, act of the parties or otherwise, of any part of

the indebtedness of the Customer shall not impair or affect the liability of the Guarantor.

6) THAT if any payment made to the Company by or on behalf of the Customer or the Guarantor shall subsequently be voided

by any statutory provision or otherwise howsoever, such payment shall be deemed not to have discharged the Guarantor's

liability and in such event the Company and the Guarantor shall be restored to the position in which they would have been

if such payment had not been made.

7) THAT the Company shall be entitled to recover from the Guarantor without first taking steps or proceedings against the

Customer.

8) THAT the liability of the Guarantor shall be joint and several both with the Company and also among the Guarantors where

there is more than one Guarantor.

EXECUTED AS A DEED on this ________________ day of __________________________ 20________

SIGNED by the said Guarantor(s) _____________________________ _____________________________

(Signature) (Print Name)

In the presence of (Witness) _____________________________ _____________________________

(Signature) (Print Name)

Witness Occupation __________________________________________________________________