STANDARD TERMS AND CONDITIONS OF SALE

In these terms and conditions the Supplier means PAINTPRO DISTRIBUTION PTY LTD A.B.N 42 693 406 594, a company duly incorporated in the State of Victoria and having its offices situated at 26 Peninsula Boulevard, Seaford in the State of Victoria, and the Customer means the purchaser whose details are set out in Parts 1 and 2 or Parts 1 and 3 of the WalZed Credit Application Form or a person or entity whose order for the purchase of the Supplier's goods is accepted by the Supplier.

1. Acceptance of Customer's Order

These terms and conditions apply to every sale contract between the Supplier and the Customer and by the Supplier to the Customer and any terms and conditions of the Customer's order deviating from or inconsistent with these terms and conditions are expressly excluded, obviated and rejected by the Supplier. This exclusion and rejection includes any statement by the Customer that the Customer's terms and conditions shall prevail notwithstanding any stipulation by the Customer regarding the manner of declaring such rejection. A contract is only concluded between the Supplier and Customer for the supply of goods when the order has been accepted by the Supplier. The terms of this Clause apply to every quotation or offer by the Supplier for the supply of goods.

2. Prices

All prices are "ex-warehouse" and do not include insurance or delivery charges and the Supplier may invoice the goods sold at the Supplier’s price relevant to the goods ordered at the date of delivery of each order. Where the Supplier publishes or discloses a price list, this list is an invitation to treat only and the Supplier reserves the right to accept or reject in its absolute unfettered discretion any orders which may be received by it. Any price list of the Supplier’s is subject to alteration at any time without notice.

3. Property & Risk

The risk in the goods sold pass to the Customer when all or part of the goods are loaded for consignment at the Supplier's warehouse whether by carrier employed or engaged by the Supplier or the Customer. Notwithstanding anything contained herein, property in and legal title to the goods does not pass to the Customer until payment for all debts owing to the Supplier by the Customer has been received by the Supplier. Until such payment has been received by the Supplier, the Customer will store the goods separately and apart from its own goods and those of any other person or company. The Supplier is entitled to re-take possession of all goods delivered until all debts owing to the Supplier by the Customer have been paid in full. The Customer may re-sell any of the goods on normal commercial terms before the Supplier is paid in full provided that:

(a) the Customer re-sells as principal and has no right to commit the Supplier to any contractual relationship or liability to any third party; and

(b) subject to (a), as between the Supplier and the Customer, the Customer re-sells as fiduciary agent and bailee of the Supplier; and

(c) the Customer holds all rights in respect of the re-sale proceeds on behalf of the Supplier and, on request of the Supplier, will assign any claim against any such third party for any unpaid debt and for this purpose the Customer irrevocably appoints the directors of the Supplier for the time being as joint and several attorneys of the Customer to sign any documents to give effect to such assignment; and

(d) the Customer holds the proceeds of any re-sale or insurance claim on trust for the Supplier until the Supplier has been paid in full for those goods which are subject to re-sale or insured loss.

Until payment of all debts owing to the Supplier by the Customer, the Supplier may, at its discretion, without further notice and without prejudice to any other of its rights re-take possession of the goods and re-sell them, or any of them, and may enter upon the Customer's premises, by its servants or agents, for that purpose, without any liability on the part of the Supplier for any loss or damage suffered as a consequence of such entry or re-taking of possession and the Customer hereby agrees to provide the Supplier with an irrevocable licence to so enter any premises occupied by it if:

(1) there is a breach of any term of any contract between the Supplier and the Customer; or

(2) the Customer has provided any false or misleading information to the Supplier including information set out in any application for credit or to open an account with the Supplier; or

(3) the Customer commences to be wound up or is placed in liquidation, under official management, or a receiver, or a receiver and manager or voluntary administrator is appointed in respect of the Customer, its undertaking or property or any part thereof, or an encumbrancer, by itself or by an agent, takes or purports to take possession of the Customer's undertaking or property or any part thereof; or

(4) the Customer parts with possession of the goods or any of them otherwise than by way of sale in the ordinary course of its business.

These provisions apply despite any arrangement under which the Supplier provides credit to the Customer and these provisions will prevail to the extent of any inconsistency between these provisions and any other agreement or arrangement entered into by the Customer and the Supplier. In addition, the Supplier may recover the purchase price of the goods sold to the Customer by legal proceedings and may file an application for the appointment of a liquidator to the Customer notwithstanding that property in the goods has not passed to the Customer.

4. Insurance

All sales are made Free On Board at the Supplier's premises and the Customer will, at its own cost, insure the goods, in the Supplier's name, against such risks as a prudent owner of the goods would insure for at their full insurable value.

5. Payment

The Customer will pay cash on delivery for all goods delivered. If the Supplier extends trading terms to the Customer, payment for all goods sold will be within thirty (30) days from the date of statement. Interest is payable by the Customer, immediately on demand by the Supplier, on all amounts overdue to the Supplier from the date of sale of the goods until payment at the rate of eighteen (18) per centum per annum, however all interest charges will be waived by the Supplier in the event that payment is made to the Supplier within the time stipulated above. Where payment is not made by the due date, the Customer shall, in addition to any other obligations imposed hereunder, pay to the Supplier on demand all costs of the Supplier (including but not limited to storage delivery collection obsolescence and legal costs on a full indemnity basis).

All payments received by the Supplier shall be applied as follows:

1. firstly, towards any costs of the Supplier referred to above (or any part thereof);

2. secondly, towards any interest payable as set out above (or any part thereof); and

3. thirdly, towards any other amounts payable by the Customer to the Supplier.

Time of payment for any goods sold to the Customer is an essential term of any contract between the Supplier and the Customer.

6. Cancellation

Cancellation of any contract of sale between the Customer and the Supplier requires approval in writing from the Supplier otherwise the goods will be delivered to the Customer and the Supplier will be entitled to payment from the Customer.

The Supplier is not be obliged to supply goods in relation to any contract and may cancel the contract at any time if:

a. there is a breach of any term of any contract between the Supplier and the Customer; or

b. the Customer has provided any false or misleading information to the Supplier including information set out in any application for credit or to open an account with the Supplier; or

c. the Customer commences to be wound up or is placed under official management, or a receiver, or a receiver and manager or voluntary administrator is appointed in respect of the Customer, its undertaking or property or any part thereof, or an encumbrancer, by itself or by an agent, takes or purports to take possession of the Customer's undertaking or property or any part thereof; or

d. the Supplier is unable to supply goods as a result of the failure of any supplier of the Supplier to deliver goods or provide services which are required in order for the Supplier to supply the goods to the Customer.

7. Acceptance and Claims

Acceptance of the goods delivered shall be deemed for all purposes to have taken place at the expiration of seven (7) days from the date of each delivery. No goods will be accepted for return unless agreed in writing by the Supplier prior to such return and then only upon conditions acceptable to the Supplier and at the Customer's entire risk as to loss or damage and provided the goods are and remain sealed in the manner in which they were delivered. Where the Supplier agrees to accept goods for return a service fee of $20.00 and a restocking charge of 15% of the price of the goods returned shall be paid by the Customer. The Supplier's liability for a breach of any conditions or warranty implied by Division 2 of Part V of the Trade Practices Act 1974 (other than a condition or warranty implied by Section 69 of the Act) is limited to such one or more of the following as the Supplier decides:

(a) the replacement of the goods or the supply of equivalent goods; or

(b) the repair of the goods; or

(d) the payment of the cost of having the goods repaired.

Without limiting the generality of any other provision of these terms and conditions but subject to the above, the Supplier is not under any liability to the Customer or to any other person in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or incurred or which may arise either directly or indirectly in respect of the supply of the goods or any ancillary services or advice or the failure or omission on the part of the Supplier to comply with its obligations hereunder.

Except as expressly provided to the contrary in these terms and conditions, all terms, conditions, warranties, undertakings, inducements or representations whether express, implied, statutory or otherwise are excluded to the extent permitted by law, including but not limited to the United Nations Convention on Contracts for the International Sale of Goods.

8. Force Majeure

If delivery is prevented or delayed, in part or all, by reason of Act of God, or the consequence thereof including, but not limited to fire, flood typhoon, earthquakes, or by reason of riots, wars, hostilities, government restrictions, trade embargoes, strikes, lockouts, labour disputes, boycotting of goods, ship shortage, manufacturer's bankruptcy, delays or damage in transportation or other causes beyond the Supplier's control, the Supplier may, at its option, perform the contract or the unfulfilled portion thereof within a reasonable time from the removal of the cause preventing or delaying performance, or rescind unconditionally and without liability, this contract or the unfulfilled portion thereof.

9. Special Orders

Where the Customer places an order in writing with the Supplier for non-stock items, the Supplier may refuse to accept return of non-stock items at its unfettered discretion without the requirement to provide any reasons whatsoever. The Supplier may deduct transport, insurance handling and restocking charges from the credit due to the Customer where any such items are returned to the Supplier and their return is accepted by the Supplier.

10. Substitution of Stock Items

The Supplier reserves the right to substitute some other make or brand with similar specifications if any stock item ordered by the Customer is not available. The Customer is deemed to have accepted substitution where it does not object to same within seven (7) days of the date of delivery of the goods (unless a longer period is imposed by law).

11. Delivery

The Supplier may deliver the goods by instalments or partial shipment and the Customer will accept each such delivery. Requirements of the Customer are not a condition or of the essence of the contract. The Supplier is under no liability for either direct or consequential loss or damage to the Customer arising from delay or postponement in delivery.

12. Warranty

Goods sold shall have the benefit of any warranty given by the manufacturer and will only be considered for acceptance by the Supplier if return of the goods or any part of them is in accordance with the Supplier's warranty policy but the Supplier shall not be liable for any loss or damage either direct or consequential arising out of any defects arising from the use of the goods.

13. Clerical Errors

Clerical errors, typing errors or other errors in computations, catalogue, quotation, acceptance, offer, invoice, delivery docket, credit note or specification of the Supplier shall be subject to correction by the Supplier.

14. Modification

All modifications and amendments to these provisions or any approvals hereunder shall be in writing by a duly authorised signatory, and if otherwise, shall not be binding upon the Supplier.

15. Sales Tax

All items unless specified are subject to sales tax at the relevant rates applicable in relation to the goods. Exemption from sales tax can only be granted when a sales tax number or exemption is quoted and confirmed in writing on an official order form or letterhead of the Customer by a duly authorised officer of the Customer.

16. Jurisdiction

All contracts between the Supplier and the Customer shall be governed by the laws of the State of Victoria and the parties shall submit to the non-exclusive jurisdiction of the courts of the State of Victoria (and any courts which can hear appeals from such courts).

17. Execution

Any contract between the Supplier and the Customer may be executed on behalf of the Customer by any agent or employee of the Customer and the Customer shall be bound by these terms and conditions irrespective of whether any such execution was unauthorised or fraudulent.

18. Acceptance of Terms

The Customer confirms and ratifies its acceptance of these Terms and Conditions on every occassion it:

1 executes any document attaching to or containing these Terms and Conditions including but not limited to a Credit Application form, a Guarantee and Indemnity and an Order form; or

2. pays any amount owing to the Supplier pursuant to an invoice of the Supplier containing or making reference to these Terms and Conditions.