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TERMS OF TRADE

1. The Customer agrees that (a) this Agreement represents the entire Agreement between the Customer and IT Giant Web (Pty) Limited (hereinafter called IT Giant Web) and that no alterations or additions to this Agreement may be effected unless agreed to by both parties, reduced to writing and signed by the Customer and a duly authorised representative of IT Giant Web; (b) this Agreement will govern all future contractual relationships between the parties; (c) this Agreement is applicable to all existing debts between the parties; (d) this Agreement is final and binding and is not subject to any suspensive or dissolution conditions; (e) any conflicting conditions stipulated by the Customer are expressly excluded; (f) these terms supersede all previous conditions of agreement without prejudice to any securities or guarantees held by IT Giant Web and (g) these terms apply to all servants and subcontractors of IT Giant Web.

2. This Agreement only becomes final and binding on receipt of the acceptance of any order by IT Giant Web at its business address in Walvis Bay.

3. The signatory hereby binds himself/herself in his / her personal capacity as Shareholder (in the case of a company), Member (in the case of close corporations) or Owner or Partner as co-debtor jointly and severally for the full amount due to IT Giant Web and agrees that these Standard Conditions will apply in the exact same way to him/her.

4. The Customer acknowledges that it does not rely on any representations made by IT Giant Web in regard to the goods and services or any of its 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 IT Giant Web in respect of the goods or services orally or in writing will not form part of the Agreement in any way unless agreed to in writing by IT Giant Web.

5.1 The Customer agrees that neither IT Giant Web nor any of its employees will be liable for any negligent or innocent misrepresentations made to the Customer.

5.2 It is the sole responsibility of the Customer to determine that the goods or services ordered are suitable for the purposes of intended use.

5.3 The Customer agrees to pay all costs resulting from any acts or omissions of the Customer including suspension of work, modification of requirements, failure or delay in giving particular requisite to enable work to proceed on schedule or requirements that work be completed earlier than agreed.

5.4 IT Giant Web reserves the right at its sole discretion to provide alternative goods at the prevailing prices to those ordered by the Customer should such goods be superseded, replaced or its manufacture terminated.

6.1 All quotations will remain valid for a period of 7 days from the date of the quotation or until the date of issue of a new Price List or until the rate of exchange changes more than 2% against the US Dollar, whichever occurs first.

6.2 All quotations are subject to the availability of the goods or services and subject to correction of good faith errors by IT Giant Web and the prices quoted are subject to any increases in the cost price, including currency fluctuations, of IT Giant Web before acceptance of the order.

6.3 If the Customer disputes the amount of increase, the amount of the increase may be certified by any independent auditor and such certificate shall be final and binding on the Customer.

6.4 The Customer hereby confirms that the goods or services on the Tax Invoice issued duly represent the goods or services ordered by the Customer at the prices agreed to by the Customer and, where delivery/performance has already taken place, that the goods or services were inspected and that the Customer is satisfied that these conform in all respects to the quality and quantity ordered and are free from any defects.

6.5 Notwithstanding the provisions of section 1 above, all orders or agreed variations to orders, whether oral or in writing, shall be binding and subject to these standard conditions of the agreement and may not be canceled.

6.6 IT Giant Web shall be entitled in its sole discretion to split the delivery/performance of the goods or services ordered in the quantities and on the dates it decides.

6.7 IT Giant Web shall be entitled to invoice each delivery/performance actually made separately.

6.8 Any delivery note or waybill or job card (copy or original) signed by the Customer or a third party engaged to transport the goods and held by IT Giant Web shall be conclusive proof that delivery was made to the Customer.

6.9 The risk of damage to, destruction or theft of goods shall pass to the Customer on acceptance of any order placed in terms of this Agreement and the Customer undertakes to comprehensively ensure the goods until paid for in full. IT Giant Web may recover insurance premiums from the Customer for such uninsured goods.

6.10 Delivery, installation and performance times quoted are merely estimates and are not binding on IT Giant Web.

6.11 If IT Giant Web agrees to engage a third party to transport the goods, IT Giant Web is hereby authorised to engage a third party on the Customer's behalf and on the terms deemed fit by IT Giant Web.

6.12 The Customer indemnifies IT Giant Web against any claims that may arise from such agreement in clause 6.11 against IT Giant Web.

6.13 Repair times and repair costs given are merely estimates and are not binding on IT Giant Web

6.14 Any item handed in for repair may be sold by IT Giant Web to defray the cost of such repairs if the item remains uncollected within 30 days of the repairs being completed.

6.15 All goods taken on an evaluation or demonstration basis by the Customer are deemed sold if not returned within 7 days of issue in the original condition, in the original packaging and with all accessories and manuals intact.

6.16 The Customer acknowledges all copyrights and shall not duplicate copyrighted material and that each infringement attempt shall immediately render the full prevailing price payable to IT Giant Web.

6.17 The Customer shall indemnify IT Giant Web against any claims, costs, and expenses arising out of the infringement of copyright, patent, trademark or design supplied by the Customer.

7.1 New goods are guaranteed according to the Manufacturer's product specific warranties only and all other guarantees including common law guarantees are hereby specifically excluded

Services carry no guarantee.

7.2 No claim under this Agreement shall arise unless the Customer has, within 3 days of the alleged breach or defect occurring, given IT Giant Web 30 days written notice by prepaid registered post to rectify any defect or breach of Agreement.

7.3 To be valid, claims must be supported by the original Tax Invoice.

7.4 The Customer shall return any defective moveable goods to the premises of IT Giant Web at the Customer's own cost and packed in the original or suitable packaging and all risks for the duration of repair remain with the Customer.

8.1 Under no circumstances shall IT Giant Web be liable for any consequential damages or for any delictual liability of any nature whatsoever.

8.2 Under no circumstances shall IT Giant Web be liable for any damage arising from any misuse, abuse or neglect of the goods or services.

9. Delivery of the goods or services to the Customer shall take place at the place of business of IT Giant Web.

10.1 The Customer agrees that the amount contained in a Tax Invoice issued by IT Giant Web shall be due unconditionally (a) cash on order, or (b) if the Customer is a Credit Approved Customer,

within the granted credit period as specified on the Credit Application after a Tax Invoice has been issued by IT Giant Web

10.2 The Customer agrees to pay the amount on the Tax Invoice at the offices of IT Giant Web or at such other place IT Giant Web may designate in writing.

10.3 The risk of payment by cheque through the post rests with the Customer.

11.1 The Customer has no right to withhold payment for any reason whatsoever and agrees that no extension of payment of any nature shall be extended to the Customer and any such extension will not be applicable or enforceable unless agreed to by IT Giant Web, reduced to writing and signed by the Customer and a duly authorised representative of IT Giant Web.

11.2 The Customer is not entitled to set off any amount due to the Customer by IT Giant Web against this debt.

11.3 All discounts shall be forfeited if payment in full is not made on the due date.

12.1 The Customer agrees that the amount due and payable to IT Giant Web may be determined and proven by a certificate issued and signed by any director or manager or member or partner. Such certificate shall be binding and shall be prima facie proof of the indebtedness of the Customer.

12.2 Any printout of computer evidence tendered by any party shall be admissible evidence and no party shall object to the admissibility of such evidence purely on grounds that such evidence is computer evidence or that the requirements of the Computer Evidence Act have not been met.

13.1 The Customer agrees that interest shall be payable at the maximum legal interest rate prescribed in terms of the Usury Act on any amounts of money past due date to IT Giant Web and that interest shall be calculated daily and compounded monthly from the date of acceptance of the order.

13.2 The Customer expressly agrees that no debt owed to IT Giant Web by the Customer shall become prescribed before the passing of a period of ten years from the date the debt falls due.

14.1 The Customer agrees that if an account is not settled in full (a) against order; or (b) within the period agreed in clause 10.1 above in the case of a Credit Approved Customer; IT Giant Web is: (i) entitled to immediately institute action against the Customer at the sole expense of the Customer; or (ii) to cancel the agreement and take possession of any goods delivered to the Customer and claim damages. These remedies are without prejudice to any other right IT Giant Web may be entitled to in terms of this agreement or in law. IT Giant Web reserves its right to stop supply immediately on cancellation or on non-payment.

14.2 A Credit Approved Customer will forthwith lose this approval when payment is not made according to the conditions of 10.1(b) and all amounts then outstanding shall immediately become due and payable.

15.1 In the event of cancellation, the Customer shall be liable to pay (a) the difference between the selling price and the value of the goods at the time of repossession and (b) all other costs incurred in the repossession of the goods. The value of repossessed or retained pledged goods shall be deemed to be the value placed on them by any sworn valuator after such repossession and such valuation shall be conclusive proof of the value. If the goods are not recovered for any reason whatsoever, the value shall be deemed to be nil.

15.2 The Customer irrevocably authorises IT Giant Web to enter its premises to repossess any goods delivered and indemnifies IT Giant Web completely against any damage whatsoever relating to the removal of repossessed goods.

15.3 In the event of cancellation IT Giant Web is entitled not to produce any unmade balance of a contract and to recover any loss sustained thereby from the Customer.

16.1 All goods supplied by IT Giant Web remain the property of IT Giant Web until such goods have been fully paid for whether such goods are attached to other property or not.

16.2 The Customer is not entitled to sell or dispose of any goods unpaid for without the prior written consent of IT Giant Web. The Customer shall not allow the goods to become encumbered in any manner prior to the full payment thereof and shall advise third parties of the rights of IT Giant Web in the goods.

16.3 If any goods supplied to the Customer are of a generic nature and have become the property of the Customer by operation of law (confusio or commixtio) the Customer shall be obliged on notice of cancellation of the agreement to retransfer the same quantity of goods in ownership to IT Giant Web.

17.1 The Customer shall be liable to IT Giant Web for all legal expenses on the attorney-and-own-client scale of an attorney and counsel incurred by IT Giant Web in the event of (a) any default by the Customer or (b) any litigation in regard to 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 IT Giant Web may demand.

17.2 The Customer shall pay three thousand Namibia Dollar into court or furnish sufficient security in lieu of costs in any action instituted by or against the Customer.

17.3 The Customer agrees that IT Giant Web will not be required to furnish security in terms of Rule 62 of the Rules of Court of the Magistrate's Courts or in terms of Rule 47 of the Law of the Supreme Court 59 of 1959.

18. The Customer agrees that no indulgence whatsoever by IT Giant Web will affect the terms of this agreement or any of the rights of IT Giant Web and such indulgence shall not constitute a waiver by IT Giant Web in respect of any of its rights herein. Under no circumstances will IT Giant Web be prevented from exercising any of its rights in terms of this Agreement.

19. The Customer hereby consents that IT Giant Web shall have the right to institute any legal action in either the Magistrate's Court or the High Court at its sole discretion.

20.1 Any document shall be deemed duly presented to and accepted by the Customer (i) within 3 days of prepaid registered mail to any of the Customer's business or postal addresses or to the personal address of any director, member or owner of the Customer; or (ii) within 24 hours of being faxed to any of the Customer's fax numbers or any director, member's or owner's fax numbers; or (iii) on being delivered by hand to the Customer or any director, member or owner of the Customer; or (iv) within 48 hours if sent by overnight courier; (v) within 24 hours of being telexed to the Customer's telex number or (vi) within 7 days of being sent by surface mail

20.2 The Customer chooses its address for legal execution as the business address or the physical addresses of any Director (in the case of a company), Member (in the case of close corporations) or of the Owner(s) or Partner(s).

20.3 The Customer undertakes to inform IT Giant Web in writing within 7 days of any change of Director, Member, Shareholder, Owner or Partner or address or 14 days prior to selling or alienating the Customer's business and failure to do so will constitute a material breach of this agreement. Upon receipt of such written notification, IT Giant Web reserves the right, at its sole discretion, to withdraw any credit facility advanced to the Customer.

20.4 The Customer hereby consents to the storage and use by IT Giant Web of the personal information that it has provided to IT Giant Web for establishing its credit rating and to IT Giant Web disclosing such information to credit control companies, banks, and other institutions involved in rating credit. The Customer agrees that IT Giant Web will not be held liable for the good faith disclosure of any of this information to such a third party and that no further specific consent needs to be obtained for the transfer of such information to a specific third party.

20.5 The Customer hereby consents that IT Giant Web can provide personal information of the Customer to third parties, if the Customer has indicated IT Giant Web as a trade reference to third parties and the Customer agrees that IT Giant Web will not be liable for the good faith disclosure of any of this information to such third parties.

20.6 The Customer hereby agrees that the credit facility is a variable credit facility and that IT Giant Web shall be entitled to increase its credit limit from time to time.

21. The Customer agrees to the Standard Rates of IT Giant Web for any goods or services rendered, which rates may be obtained on request.

22. The invalidity of any part of this Agreement shall not affect the validity of any other part.

23. Any order is subject to cancellation by IT Giant Web due to Acts of God from any cause beyond the control of IT Giant Web, including (without restricting this clause to these instances): inability to secure labour, power, materials or supplies, or by reason of an act of God, war, civil disturbance, riot, state of emergency, strike, lockout, or other labour disputes, fire, flood, drought or legislation.

24. Any order is subject to cancellation by IT Giant Web if the Customer breaches any term of this Agreement or makes any attempt of compromise, liquidation, sequestration, termination or judgment is recorded against the Customer or any of its principals.

25. The Customer agrees that IT Giant Web will be immediately and irrevocably released from any contractual damages and penalty obligations should any event in clause 23 or 24 occur.

26. This Agreement and its interpretation are subject to South African law and the Customer consents to the exclusive jurisdiction of the South African Courts referred to in 19.