iContract COVERSHEET

F&I DETAILS

NAME : MARCIA MARITZ

CONTACT NUMBER : 0832642631

CUSTOMER DETAILS

NAME : SIR HELMSTEDT

ACCOUNT NUMBER : 85256790869
CONTACT NUMBER : 0747884955

LIST OF DIGITALLY SIGNED DOCUMENTS

NCA QUOTATION INSTALMENT SALE AGREEMENT

PAYMENT AUTHORISATION

CONFIRMATION OF CUSTOMER APPLICATION DETAIL

NCA NEW TERMS AND CONDITIONS FOR AN INSTALMENT SALE

COMPLIANCE ALERT
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DECLARATION OF SOURCE OF FUNDS

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 Ref No:
VAT Registration No NOT PROVIDED
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20

QUOTATION / COST OF CREDIT FOR AN INTERMEDIATE INSTALMENT

AGREEMENT (FIXED)
NCR NUMBER: NCRCP20
Entered into between:
WesBank, a division of FirstRand Bank Limited
Company Registration Number:
VAT Registration Number:
Domicilium Address:
Registered Business Address:
Telephone Number:
Fax Number:
("Credit Provider")
and Name of Consumer:
Identity number/Registration Number:
VAT Registration Number:
Domicilium Address:
Postal Address:
Telephone Number:
Cellphone Number:
Email Address:
("Consumer")
In terms of Section 92(2) of the NCA
1929/001225/06
4210102051
Company Secretary’s Office: 4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton Gauteng 2196
Company Secretary’s Office: 4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton Gauteng 2196
086128-82-72
086110-18-29
SIR ACHIM EDWARD HELMSTEDT
9308095041081
NOT PROVIDED
11 SUURBERG PLACE ALBERTSDAL 1448
P.O. BOX 136043 ALBERTON NORTH 1456
0747884955
ACHIM.HELMSTEDT@GMAIL.COM

Description of the Goods: FORD FIGO 1.4 AMBIENTE

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Year of First Registration: 2016 Model and Make: FIGO 1.4 AMBIENTE FORD
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Colour: Engine Number: FL41235

Registration Number: CA334397 Chassis Number: MAJ1XXMRJ1FL41235
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Serial Number (if applicable): Hull Number:

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PART A: Amount advanced

Principal Debt:
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Cash Price of the Goods (VAT inclusive) R 134,900.00

Total Accessories and Additional Charges (as per Part E below, VAT inclusive) R
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20,541.02
Initiation Fee (VAT inclusive) R 1,197.00
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Less:
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Initial Advance Payment R 0.00

Initial Deposit (if applicable) R 50,000.00
Total Principal Debt (VAT inclusive) R 106,638.02
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Plus:
Finance Charges R 51,849.82
Total Amount payable/Cost of the Agreement (excluding optional insurance) R 158,487.84
Total amount of VAT included in the Principal debt R 17,449.28
PART B: Instalment payable
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Instalment in respect of total amount deferred R 2,201.22

Monthly Service Fee R 68.40
Number of instalments: 72
Frequency of instalments: MONTHLY
Total instalment R 2,269.62
* The total service fee payable with the first instalment will be R172.09 inclusive of VAT, which includes a pro-rated amount from 16-Jan-17

PART C: Total cost and interest rate

Total Amount Deferred (including VAT) R 158,487.84
Total Interest, Fees and Credit Life Insurance (Credit Life Insurance, if applicable) R 56,774.62
Total amount Payable/Cost of the Agreement (excluding optional Items as per Part D R 158,487.84
including the Balloon payment) (if applicable)
Credit Cost Multiple 1.63
Interest:
The fixed interest rate shall be 13.85% per annum.
The total interest payable over the term of this Agreement as at the date hereof, shall be R 51,849.82
The Prime Rate as at date hereof is 10.5%.

PART D: Optional items

Optional items which will be added to the instalment Other optional items
Additional monthly premium for optional insurance R
Description of optional insurance:_______________________________

This Quotation is valid for a period of 14 days from the date of issue.

Page 1 of 3
 Ref No:
VAT Registration No NOT PROVIDED
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20
PART E: Additional charges added to the Principal Debt
Accessories Detail Additional Charges
Serv & Delivery R 3,990.00 Innovation Maint Plan R 14,551.02
Window Break-In Protection R 2,000.00
PART G: Repayment arrangements
72 monthly instalments of R2,201.22 (excludes Service Fee and Insurance) commencing on 2017/03/01
Where the Due Date falls on a Sunday or public holiday, the instalment will be due on the first business day immediately BEFORE that date.
Method of Payment DEBIT ORDER
Agreement term: 73 months Commencement Date: 2017/01/16 Expiry date: 2023/02/01
PART H: Further information on rights and obligations
If this Agreement is terminated by you in terms of section 121 of the Act, then you will be liable to pay us a rental which is calculated as the
reasonable costs of restoring the Goods to a saleable condition, the reasonable market-related daily rental (calculated at 0.3% of the cash price
of the Goods) for each day that you have had possession of the Goods.

Terms and conditions:

This Quotation / Cost of Credit incorporates the Terms and Conditions attached hereto.

The interest rate on any past due amounts in respect of a juristic person will be at the prevailing contract rate.

PART I: Further Information

Please tick the box of your choice
Statements Delivery Mode
Every (2) two months. E-mail
Every (3) three months. Ordinary Post
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PART J: Marketing Consent

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I would like to receive information, through any of the following communication methods, being email, SMS or telephone, relating to any
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FirstRand Group special offers or new products that may be of value to me. In respect of your privacy, we promise not to send your data to any
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persons outside of the FirstRand Group

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Signed at__________________________________________________________________on _________________________________________

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As Witnesses __________________________________________
For the Consumer who warrants
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His/her authority to sign

1____________________________________________________________________
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Signed at __________________________________________________________________on _________________________________________

As Witnesses
_________________________________________
For the Credit Provider
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1____________________________________________________________________

Co-debtor
Signed at __________________________________________________________________on _________________________________________

As Witnesses
_________________________________________
For the Co-debtor
1____________________________________________________________________

Account Number 85256790869 Page 2 of 3 Date & Time Produced 2017/01/16 04:29 PM
 Ref No:
VAT Registration No NOT PROVIDED
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20

DEBIT ORDER AUTHORISATION:

I, _________________________________________________________________ hereby authorise WesBank, a division of FirstRand Bank Limited a
division of FirstRand Bank Limited, an authorised financial services and credit provider (NCRCP 20), to deduct the following charges/series of charges,
against my account, in respect of the obligations set out below and I accept this as a Form 27 Notice. In the event that there are insufficient funds in my
nominated bank account to meet my payment obligation, I authorize the Credit Provider to present the instruction for payment again, after the nominated
date, as soon as there are sufficient funds available in my account.
Details of the charge(s):
Details of the obligation and the charge(s) is/are intended to satisfy as per Quotation.
Single or multiple charge(s):
Initial charge will be deducted on: 2017/03/01 Amount of the charge(s): R 2269.62
The charges will be deducted from:
Bank name: NEDBANK
Branch name: NEDBANK SOUTH AFRICA
Account number: 2520103205
Account Type: SAVINGS ACCOUNT
Holder name: AE HELMSTEDT
The above charge/series of charges is/are in respect of the following obligation(s)/account(s) namely:
Account number: 85256790869 Type of account: Instalment Sale Agreement
and is/are calculated as follows:

Instalment in respect of total amount deferred R 2,201.22

Monthly Service Fees R 68.40
Total instalment R 2,269.62
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I/We agree that although this Authority and Mandate may be cancelled by me/us by giving you prior written and/or telephonic voice recorded notice, such
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cancellation will not cancel the Agreement and I/we shall not be entitled to a refund of amounts which you have withdrawn while this authority was in
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force, if such amounts were legally due, owing and payable to you.
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Charge(s) will be deducted on or after the Due Date except where such day falls on a Sunday or public holiday, in which event, the Due Date shall be the
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first business day immediately BEFORE that date

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Dated __________________________________
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________________________________________________ _________________________________________
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Name of Consumer/Account holder Signature of the Consumer/Account holder

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Legal Requirement:
If you are married in community of property or by customary law prior to 15/11/2000, then you are required to obtain written consent (with two witnesses)
from your spouse to enter into any credit agreement.

If you are so married (ie. In community of property or by customary law prior to 15/11/2000) please confirm that you have received your spouses'
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written consent to enter into this agreement.

I declare that:- I confirm that I am

I am married in community of property not married in community of property / by customary law prior
OR to 15/11/2000
by customary law prior to 15/11/2000.
OR
I confirm that I have received written consent (witnessed by two people) I am Unmarried
from my spouse to enter into this agreement/surety.

______________________ ______________ _________________________ ________________

Signature Date Signature Date

Account Number 85256790869 Page 3 of 3 Date & Time Produced 2017/01/16 04:29 PM
 CONFIRMATION OF Ref No:
Date/Time: 2017/01/16 04:29 PM
CUSTOMER Old Account No: REW35295X
APPLICATION DETAILS New Account No: 85256790869
NCRCP20

Applicant Type Private Individual Permit No Tracker Req N

ID / Co. Reg. Nr. 9308095041081 Transaction Type INSTALMENT SALE Ethnic Group WHITE
Country of Residence SOUTH AFRICA Language English Permit Exp Date
Permit Type
Asset Details
Asset Description Year Model M&M Code
FORD FIGO 1.4 AMBIENTE 2016 22020100
Applicant's Details
Title SIR Initials AE Period at Home 22 Years 0 Months
Surname HELMSTEDT Middle Name EDWARD Previous Home Years Months
First name ACHIM Graduate Y Surety/Guarantor N
Gender Male Vat No. Co-Debtor N
Trading as/Name Home Tel () Email ACHIM.HELMSTEDT@
Tax No. Cell No 0747884955 GMAIL.COM

Home address 11 Suurberg Place ITC Expenditure 220.00

Postal address P.O. Box 136043

Albertsdal
Postal Code Alberton North
1448
Employer Name Tyre Corporation Site Services Postal Code 1456

Industry Type Transport/Storage/Communication Contact No () Tel No (011) 3102202

491 Occupation Supervisor Ma41 Previous Employer
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Employer Address Employee No

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Period 0 Years 6 Months

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Period 3 Years 3 Months
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HOME OWNERSHIP
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Fixed Prop Lodger Bond Payment R Erf No

In Who's Name? Purchase Value 0.00 Bond Amount R 0.00
R
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Property Type Bond Holder Property Value R 0.00

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MARITAL DETAILS
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Marital Status Unmarried: No of Dependents Employer

Date Married Spouse Income R Address
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0.00
Full Names Employer Tel.
ID No.
Date of Birth Postal Code
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Employer
BANK DETAILS
Account Type SAVINGS ACCOUNT Limit
Overdraft Bal
Bank Name NEDBANK NEDBANK SOUTH AFRICA
Branch Name
Account No 2520103205 AE HELMSTEDT
Holder's Name
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INCOME DETAILS (Proof of all declared income will be required)

Gross Renumeration R 11,744.24 Net Take-home Pay R 10,921.13 Salary Pay Date 31
Monthly Commission R 0.00 Other exc. Sal/Wages R 0.00
Car Allowance
included in Gross R 0.00 Other Allowances R 500.00
Overtime R 0.00 Total Income R 12,244.24
SOURCE OF FUNDS

SALARY

APPLICANT'S MONTHLY EXPENSES

Bond Payment/Rent R 0.00 Overdraft Payments R 0.00 Transport Costs R 2,800.00
Rates, Water, Electricity R 0.00 Policy/Insurance R 843.00 UIF R
Vehicle Instalments (excl those to be settled) R 0.00 Telephone Payments R 686.00 Medical Aid R
Personal Loan Repayments R 0.00 Food and Entertainment R 0.00 Pension R
Credit Card Repayments R 0.00 Education Costs R 0.00 PAYE R
Furniture Accounts R 0.00 Child & Spousal Support/ R Date remuneration 31
0.00 Received
Maintenance
Clothing Accounts R 200.00 Household Expenses R 0.00
Applicant's Disposable Income R 5,042.87 Other R 1,100.00

Total Monthly Expenses R 5,629.00

 Ref No:
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20

I confirm that:
(a) I do not have applications pending for credit, nor open quotations as envisaged in section 92 of the National Credit Act.
(b) I am not a minor. -
(c) A court has never declared me mentally unfit.
(d) I am not subject to an Administration Order.
(e) I do not have any current application pending for debt restructuring or alleviation.
(f) I do not have any current debt re-arrangement in existence.
(g) I have not previously applied for a debt re-arrangement.
(h) I am not under sequestration.

I understand that I will be liable for a monthly service fee.

I hereby consent to the Credit Provider accessing the Applicants credit profile from the credit bureaus for the purposes of a credit assessment and in the event that
the loan application is successful, for on-going account maintenance purposes, setting limits, development of credit tools/products/models and insurance purposes.
I further hereby consent to this Credit Provider making credit bureau enquiries and sharing my information with its insurance partners for purposes of providing me
with an insurance quote.
I consent to this Credit Provider reporting the conclusion of any credit agreement with me to the National Loans Register in compliance with this Credit Provider 's
obligation under the National Credit Act.
I hereby declare that the information provided by me is true and correct.

Signature of Applicant ______________________________________________________ Date __________________

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R Ref No:
NCRCP20
TERMS AND CONDITIONS FOR AN INSTALMENT AGREEMENT (Fixed Rate)
1. Definitions and Interpretation
1.1 "Act" means the National Credit Act Act 34 of 2005, as amended from
time to time;
1.2 "Agreement" means this Agreement, which is made up of the Quotation
/ Cost of Credit read together with these Terms and Conditions and all
Annexures relating to this Agreement. In the event of any differences arising
from the interpretation of this Agreement in a language other than English,
such differences must be resolved by referring to the English version of the
Agreement, which interpretation will prevail;
1.3. "Balloon payment" means that portion of the Principal Debt that has
been suspended and which is payable as stipulated in the Quotation / Cost of
Credit."
1.4. "Business day" means any day other than a Saturday, Sunday or a
public holiday in the Republic of South Africa;
1.5. "Credit Provider", "we" or "us" means WESBANK, its successors in
title or assigns;
1.6. "Consumer", "you" or "your" means the consumer as fully set forth in
the Quotation / Cost of Credit;
1.7. "Delivery Receipt" means the authorisation which you sign
acknowledging that you have received the Goods in good order and condition
from the supplier;
1.8. "Due Date" shall mean the date on which an instalment is due, as set in
the Quotation/Cost of Credit or Debit Order Authorisation, except where such
day falls on a Sunday or public holiday, in which event, the Due Date shall be
the first business day immediately BEFORE that date.
1.09 "FirstRand Bank" means FirstRand Bank Limited, a public company
duly registered and incorporated in terms of the company laws of the Republic
of South Africa with registration number: 1929/001225/06;
1.10. "Goods" means the asset(s) described in the Quotation / Cost of
Credit;
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1.11. "Juristic person" means a partnership, association or other body of
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persons, corporate or unincorporated, or a trust if-
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(a) there are three or more individual trustees; or
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(b) the trustee itself is a juristic person, but does not include a stokvel;
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1.12 "Material Adverse Effect" means a substantial change in your
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shareholding and/or interest and/or in your circumstances which, in our
reasonable opinion has or will have a material adverse effect on: " your
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financial condition, business or operations; and/or " your ability and/or the
ability of your surety to perform the financial or other material obligations under
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this Agreement
1.13. "Prime Rate" means the interest rate published by FirstRand Bank
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Limited from time to time, being its Prime Rate, as certified by any manager of
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the Bank whose appointment and designation need not be proved.
1.14. "Principal Debt" means the amount of finance that we will provide to
you as set out in Part A of the Quotation / Cost of Credit;
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1.15. "Supplier" means the party from whom you procure the Goods;
1.16. "Take-a-Break" is a form of repayment plan where you elect not to
make payment for a particular month, every year, over the period of the
Agreement;
1.17. "VAT" means value added tax in terms of the Value-Added Tax Act 89
of 1991, at the rate as set out in that Act or as it may be from time to time;
1.18. A reference to a natural person includes a juristic person; to the
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singular includes the plural; to a specific gender includes both genders; as the
context requires, and all vice versa; and
1.19. A reference to legislation is a reference to the legislation as at the date
of enactment of the legislation or as it is amended or re-enacted from time to
time.
2. Delivery and Risk
2.1 We sell the Goods to you on the terms and conditions of this Agreement.
2.2. You acknowledge that you have chosen the Goods from the Supplier
and that we do not know the purpose for which you require us to finance the
Goods.
2.3 You will be entitled to inspect the Goods so as to ensure that the Goods
are not defective in any way and are suitable for the purposes for which you
require them.
2.4 If you are satisfied with the Goods, then you must acknowledge this by
signing the Delivery Receipt and acting as our agent by taking delivery of the
Goods on our behalf.
2.5 All risk in and to the Goods will pass to you and remain with you when
you take delivery of the Goods or when the risk leaves the Supplier of the
Goods, whichever is the earlier.
3. Cooling-off period
3.1. If you did not enter into this Agreement at our registered business
premises, you may terminate this Agreement within five (5) business days after
entering into the Agreement by delivering a notice to us by hand, fax, email or
registered mail, advising us of your decision to terminate the Agreement, and
you must return the Goods to us or our agent at our registered business
premises.
3.2. We will refund any money you may have paid to us under this
Agreement within seven (7) business days after you have delivered the notice
and returned the Goods as set out in 3.1 above, and you will be liable to pay us
the reasonable costs of restoring the Goods to a saleable condition, the
reasonable market-related daily rental (calculated at 0,3% of the cash price of
the Goods) for each day that you have had possession of the Goods, and the
depreciation costs of the Goods.
VAT Registration No 4210102051
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
3.3 Should you have entered into this Agreement electronically, you are
advised that according to law, the Agreement is deemed to have been entered
into at our registered business premises.
4. Ownership
4.1. We will remain the owner of the Goods until you have paid all the
amounts due under this Agreement.
4.2. You must ensure that the Goods do not become attached to any other
property and you agree that you will obtain a letter releasing the Goods from
such attachment.
5. Insurance
5.1. We require that you maintain insurance cover against any damage or
loss to the Goods, not less than the total of your outstanding obligations to us.
5.2. We may offer you optional insurance cover in relation to your obligations
under this Agreement or relating to the possession, use, ownership or benefit
of the Goods.
5.3. You must be able to provide us with proof that the Goods are insured on
or before the signature date of this Agreement. If you are unable to provide us
with proof, we may (but shall not be obliged to):
5.3.1. insure the Goods for the value of your outstanding obligations to us; or
5.3.2. if you are a juristic person, comprehensively insure the Goods to its full
market value and, in either case, to recover the premium from you.
5.3.3. give you a copy of the insurance policy, explain the terms and conditions
thereof to you and you confirm that you have understood same.
5.4. You may obtain your own insurance, if:
5.4.1. you name us as first loss payee under the policy up to the settlement
value of this Agreement at any time and authorising the insurer, if an insured
event occurs, to settle your total obligations under this Agreement as a first
charge against the proceeds of that policy during the term of this Agreement;
and/or
5.4.2. at our request, you authorise us to pay any premiums due under that
policy during the term of the Agreement on your behalf as they fall due and to
debit you monthly with the amount of such premiums.
5.5. We shall not be liable in the event of an insurer rejecting your claim for
any reason.
5.6. Further, we may require that you maintain credit life insurance and/or
any other appropriate insurance for a value not exceeding the total of your
outstanding obligations to us in terms of this Agreement.
5.7. You must be able to provide us with proof that the Goods are insured on
or before the signature date of this Agreement, or at any time thereafter. If you
are unable to provide us with proof, we may (but shall not be obliged to):
5.7.1. insure the Goods for the value of your outstanding obligations to us; or
5.7.2. if you are a juristic person, comprehensively insure the Goods to its full
market value, and, in either case, to recover the premium from you.
6. Use of the Goods
6.1. You must maintain and service the Goods at your cost in accordance
with the manufacturer's specifications.
6.2. You must not modify the Goods without our prior written approval, and if
you add any accessory, this will become part of the Goods and we will not
compensate you for this.
6.3. You must not sell, let, loan, pledge or transfer the Goods to another
person without our prior written approval, nor allow the Goods to become
subject to any attachment, lien, hypothec or any legal claim.
6.4. Anyone who uses the Goods must be fully qualified and licensed (where
applicable).
6.5. You must at your cost comply with any law relating to the use,
possession, licensing and/or registration of the goods.
6.6. If the Goods is a motor vehicle, the Goods will be registered in terms of
the National Road Traffic Act 93 of 1996, in our name as "Titleholder" and in
your name as "Owner", and you must keep the Goods in a good and
roadworthy condition at your own cost.
6.7 you must comply with all local environmental legislation, standards and
practices in respect of your use of the Goods.
7. Location of the Goods
7.1. You must inform us in writing of any change to:
7.1.1. the address where the Goods are normally kept; and/or
7.1.2. the name and address of the person in permanent possession of the
Goods.
7.2. If applicable, you must inform your landlord or bondholder of the
premises where the Goods are kept, that we own the Goods.
7.3. We or our agent may inspect the Goods at any reasonable time, at the
place where it is normally kept.
7.4. You may not take the Goods out of the Republic of South Africa without
our prior written consent, which consent may have conditions attached thereto.
7.5. We, the sheriff of the court or his deputy, may request you to provide
details as to the whereabouts of the Goods at any time, as well as details of
any third-party possessor of the Goods, or of the landlord or bondholder of any
premises where the Goods are kept. Providing false or misleading information
or acting in a manner that is likely to frustrate us from exercising our rights, is
an offence in terms of the Act.
8. Repayments
8.1. You must pay all amounts due in terms of this Agreement on the Due
Date.
8.2. You may at any time prepay any amount under this Agreement, without
penalty. Your repayments will be used to reduce your obligations in the
following order:
Initial
R Ref No:
NCRCP20
8.1.1. firstly, against due or unpaid interest;
8.1.2. secondly, against due or unpaid fees or charges; and
8.1.3. thirdly, against the amount of the Principal Debt.
8.3. If you prepay an amount in terms of this Agreement, you agree that we
will use such amounts to proportionately reduce your repayments over the
remaining period of the original term of this Agreement, unless you request
otherwise in writing.
8.4. You may not deduct any amount from your instalment payment.
8.5. If you pay the instalments later than the date that they are due, you will
pay interest on all arrear amounts. If you are not a Juristic person, then we may
charge you interest on such arrear amounts, at the highest rate applicable to
any part of the Principal Debt.
8.6. If any fees and/or charges and/or interest rate changes occurring, you
agree that we are authorised to effect the relevant change to your repayments
in terms of your debit order authority.
8.7. If this Agreement is terminated by us and you dispute such termination
whilst remaining in possession of the Goods, you must continue to pay all
amounts due. Notwithstanding our acceptance of such payments, we will not
lose any of our rights herein.
9. Early settlement of the Agreement
9.1. If this Agreement is a small or intermediate agreement you may settle
this Agreement in full at any time, with or without notice, by paying the
settlement value owed to us. The settlement value will be calculated as follows:
9.1.1. the unpaid balance of the Principal Debt; and
9.1.2. the unpaid interest and all other fees and charges payable by you to us
until the settlement date.
9.2. If this is a large agreement, you may settle this Agreement in full at any
time, with or without notice, by paying the settlement value owed to us. In such
event, the settlement value will be calculated as follows:
9.2.1. the amounts referred to in clause 9.1. above; and
9.2.2. an early termination charge which may be prescribed from time to time,
or if no charge has been prescribed, a charge equal to no more than the
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interest that would have been payable under the Agreement for a period equal
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to the difference between 3 (three) months and the period of the notice of
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settlement if any, that was given by you.
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10. Debt Counselling
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10.1. If you are in financial difficulty, consider yourself over-indebted or you
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feel that credit was recklessly granted to you, you are encouraged to talk to us
and we will endeavour to help you.
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10.2. If you are not a juristic person, you have the right to apply to a debt
counsellor for assistance prior to any enforcement action being taken against
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you.
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10.3. An application for debt review in terms of the Act may not be made if we
have already proceeded to take steps contemplated in clause 12 below, to
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enforce the Agreement.
10.4. If your application is accepted, the debt counsellor will determine
whether you are over indebted. If the debt counsellor is of the opinion that you
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are over indebted, this may result in either:
10.4.1. a voluntary agreement between you and us being recorded, or
10.4.2 a referral of a recommendation by the debt counsellor to the
Magistrates' Court for an order, or an order to re-arrange your credit agreement
or to make an order regarding reckless credit.
10.5. If a recommendation by a debt counsellor is accepted by us and each
credit provider, such recommendation will be recorded in the form of an order
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and if you and each credit provider concerned consent, it will be filed as a
consent order by the debt counsellor.
10.6. If your application is rejected by the debt counsellor, you have 20
(twenty) business days from the date of such rejection, to apply to a
Magistrates' Court for an appropriate order.
10.7. If you are in default of your obligations and you have a pending
application for debt review with a debt counsellor, we may give notice to
terminate such review after 60 (sixty) business days.
11. Voluntary Surrender
11.1. You may terminate this Agreement at any time by giving us written
notice and by surrendering the Goods to us.
11.2. Once we are in possession of the Goods, we will within 10 (ten)
business days appoint an appraiser to value the Goods, and we will advise you
of the valuation.
11.3. You may withdraw your written termination of the Agreement within ten
(10) business days after receiving the valuation, and resume possession of the
Goods, unless you are in default with your obligations under the Agreement, or
you may request us to sell the Goods.
11.4. If you do not respond to the valuation notice within ten (10) business
days of having received it, we will proceed to sell the Goods.
11.5. After selling the Goods, we shall:
11.5.1. credit or debit you with a payment or charge equivalent to the
proceeds of the sale, less any expenses reasonably incurred by us in
connection with the sale of the Goods; and
11.5.2. give you a written notice stating the following:
11.5.2.1. the settlement value of the agreement immediately before the sale;
11.5.2.2. the gross amount realised on the sale;
11.5.2.3. the nett proceeds of the sale after deducting our permitted default
charges and reasonable costs allowed under 11.5.1.; and
11.5.2.4. the amount credited or debited to your account.
11.6. You will be liable to us for any amount that is outstanding after the
Goods have been sold, our reasonable costs incurred in connection with the
sale of the Goods and for interest calculated on these amounts, from the date
Account No 85256790869
VAT Registration No 4210102051
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
of demand until the date of final payment.
11.7. If you do not pay us any amount that is outstanding after the sale of the
Goods, you will be in breach.
11.8. If there is a credit due to you after the sale of the Goods and after any
reasonable costs we incurred have been deducted, this amount will be paid to
you, provided that no other credit provider has a Credit Agreement with you in
respect of the same Goods.
12. Event of Default
12.1 An event of default shall occur if any agreements or facilities you, your
surety or your associated companies, have with FirstRand Bank or any division
of the FirstRand Bank,, become due and payable prior to its specified maturity
by reason of default, or if not paid when due.
12.2 You acknowledge that:
12.2.1 we are providing finance under this Agreement based on the law
applicable and your financial position and circumstances, and of your surety, at
the time of entering into the Agreement, as well as the industry and
environment within which we operate at that time; and
12.2.2 a change in the law, your (and your surety's) financial position,
circumstances and/or industry within which we operate may have the effect of
altering the basis upon which the Agreement was or is given and secured.
12.3 If an event or circumstance or series of events or circumstances occurs
(including without limitation a change in law or your financial position) which
has or may have an Adverse Material Effect, we may, at our election, by giving
you written notice, change the terms of this Agreement with you and/or regard
such Material Adverse Effect as being an event of default of this Agreement.
12.4 Should we elect to change the terms of the Agreement and if you do not
accept the new terms proposed, within the period advised by us in our written
notice in clause 12.3, then the provisions of clause 13 below will apply.
13. Breach
13.1. If:
13.1.1. you do not comply with any of the terms and conditions of this
Agreement (all of which you agree are material); or
13.1.2. you fail to pay any amounts due under this Agreement; or
13.1.3. you have made any misleading statements to us before signing this
Agreement; or
13.1.4. you allow any judgement that has been taken against you to remain
unpaid for more than seven (7) business days; or
13.1.5. you are sequestrated or liquidated, or perform an act of insolvency in
terms of the Insolvency Act 24 of 1936; or
13.1.6. you enter into a compromise with any of your creditors; or
13.1.7. you, being a natural person, die, or being a juristic person, undergo a
material restructure; or
13.1.8. any collateral that you have provided as security in terms of this
Agreement, has in our opinion, materially deteriorated; then we may (without
affecting any of our other rights) proceed with the enforcement or termination of
the Agreement, as set out in the Act.
13.2. Upon the occurrence of any of the abovementioned events, we shall be
entitled, at our election and without prejudice to:
13.2.1. claim immediate payment of the outstanding balance together with
the interest and all amounts owing or claimable by us, irrespective of whether
or not such amounts are due at that stage; or
13.2.2. take repossession of the Goods in terms of an attachment order,
retain all payments already made in terms hereof by yourself and to claim as
liquidated damages, payment of the difference between the balance
outstanding and the market value of the Goods determined in accordance with
clause 11.5.2.3, which amount shall be immediately due and payable.
13.3. If we elect to enforce the Agreement, a notice will be sent to you, which
will set out:
13.3.1. the details of your default;
13.3.2. the period within which we require you to rectify the default; and
13.3.3. your rights to refer this Agreement to a debt counsellor, alternative
dispute resolution agent, Consumer Court or an Ombudsman with jurisdiction,
with the intention of resolving any disputes or developing and agreeing on a
plan to bring your payments under this Agreement up to date.
13.4. Any legal proceedings will not be commenced against you unless:
13.4.1. You have been in default for at least 20 (twenty) business days;
13.4.2. At least 10 (ten) business days have elapsed since the default letter
or notice referred to above has been delivered (which 10 (ten) business day
period may run concurrently with the 20 (twenty) business day default period);
13.4.3. You have failed to respond to the default letter or you have responded
by rejecting our proposal;
13.4.4. You have not surrendered the Goods to us in terms of Section 127 of
the Act.
13.5. Should we elect to terminate this Agreement in terms of Section 123
of the Act, the same procedure set out in 13.3 above, will be followed prior
thereto.
13.6. Before termination of the Agreement you are entitled to reinstate the
Agreement in respect of which you are in default, by paying all overdue
amounts, as well as our permitted default charges and reasonable costs up to
the time of reinstatement.
13.7. When you are in default, you will be liable for default administration
charges and collection costs in terms of the Supreme Court Act 59 of 1959
or the Magistrate's Courts Act 32 of 1944 and/or the Debt Collectors Act 114 of
1998 and/or the Attorneys Act 53 of 1979, whichever may be applicable.
13.8. If we sell the Goods pursuant to an attachment order or you surrender
the Goods to us, and the net proceeds are insufficient to settle all your
obligations under the Agreement, we may approach the court for an order
Initial
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R Ref No:
VAT Registration No 4210102051
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20
enforcing any of your remaining obligations under this Agreement. ITC Wanderers Offce Park, (011) 214 6000
14. Total Loss of the Goods 52 Corlett Drive
14.1. If the Goods are damaged, lost or stolen you must immediately advise Illovo, Johannesburg
us in writing, and lodge an insurance claim with the insurer of the Goods.
14.2. If the Goods:
14.2.1. cannot be repaired or replaced; or Oakhurst Building, (011) 645 9106
14.2.2. are disposed of by you and is not recovered within 21 (twenty one) XDS 11-13 St Andrews Street,
business days; or Parktown,
14.2.3. are forfeited to the State, then this Agreement will terminate and we Johannesburg
will institute proceedings against you in terms of clause 13.
15. Appropriation Experian Experian House,
15.1. We may at any time, before or after termination of this Agreement, in our Ambridge Office Park (011) 799 3400
discretion, appropriate or reappropriate any monies received from you towards Vrede Avenue
the reduction of any amounts owed by you to us in terms hereof. Douglasdale
16. Cession and Assignment
16.1 Unless otherwise agreed, you may not transfer any of your rights and/or 20.1.7. If you are unable to contact the credit bureau due to any change in its
obligations. contact details, you may contact us for assistance.
16.2 We may without notice to you, transfer any of our rights and/or 20.1.8 We may provide a settlement value to any third party to whom you may
obligations and you agree that you will recognise the transferee's rights. wish to sell the Goods and to any governmental agency that may request same
17. Costs and Fees in the prescribed manner.
17.1 You agree to pay an initiation fee, which is a fee charged for the 20.1.9 This Agreement has been explained to you and you understand and
preparation costs of this Agreement, and that you were given the option of appreciate the costs, risks and obligations associated herewith.
either paying this fee in cash or having it included in the Principal Debt. If it is 20.1.10 As at the date of your application for finance, you have not taken up
included in the Principal Debt, interest will be charged thereon. any additional credit.
17.2 You agree to pay the monthly service fee, which is a monthly fee 20.1.11 You hereby choose us as your agent for arranging the services set out
charged on the due date, for the routine monthly administration of your in section 102 of the Act, and you agree that the value of those services are
account. If you do not pay this fee on time, it will be added to the outstanding included in the Principal Debt.
balance and interest will be charged thereon. 20.1.12 You have received a copy of the Agreement.
17.3 You will also be liable for the default administration and collection costs 20.1.13 You have the right to resolve any dispute that may arise between us by
arising from your failure to comply with any of the terms and conditions of this way of alternative dispute resolution, or to file a complaint with the National
Agreement and for legal costs and collection commission on all payments Credit Regulator, Banking Ombudsman or to make an application to the
made by you if the matter is referred to an external debt collection company or Tribunal
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attorney. Default administration costs will be charged for every necessary letter
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that we address to you at the rate of the undefended tariff set out in the The contact details are:
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Magistrate's Courts Act 32 of 1944, plus the cost of postage or delivery, and WESBANK Complaints line:
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collection costs will be limited to the amounts incurred by us in the collection of Tel no: 0861 288 272; email: info@wesbank.co.za
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amounts due to us under the Agreement as set out in Chapter 6, Part C of the
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Act. National Credit Regulator: P O Box 209, Halfway House, 1685

18. Addresses Telephone: (011) 554-2600 or 0860 627 627
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18.1 You agree that the postal/email address that you have provided on the Banking Ombudsman:
Quotation/Cost of Credit is the address where we must send all post and other
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communication to you and that such communications will be binding on you. Postal Address
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18.2 You agree that the physical address that you have provided on the PO Box 87056, Houghton, 2041, South Africa
Quotation/Cost of Credit is the address that you have selected as the address
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where we must send all legal notices to you. Physical Address

18.3 You must let us know, in writing, by hand or registered mail, of any 1st floor, Houghton Place, 51 West Street, Houghton, Johannesburg
change to either of your addresses or your email address, telephone or cellular
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phone numbers. If you fail to give notice of a change of address, we may use Telephone Number
the last address we have for you. Telephone : 011-712-1800 , Share call : 0860-800-900
18.4 You accept that you will be deemed to have received a notice or letter
five (5) business days after we have posted it to either of the addresses you Fax 011-483-3212
have given to us.
19 Take-a-Break E-mail info@obssa.co.za
19.1 If you have elected the Take-a-Break repayment plan, then you
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acknowledge that: Tribunal: Private Bag X48, Pretoria, 0002

19.1.1 You may only enjoy this benefit 12 (twelve) months after the
commencement date of this Agreement; and
19.1.2 Upon signing this Agreement, you must elect the month in which you
want to Take-a-Break and this month will remain constant for the duration of
the Agreement.
20 Your Acknowledgements and Confirmations
20.1 By signing this Agreement you acknowledge and confirm that:
20.1.1 You will notify us in writing of any changes to your legal or statutory
standing, including any changes to your VAT registration status or any change
in the use of the Goods which results in a VAT input tax deduction being
claimable in terms of section 18(4) of the VAT Act.
20.1.2 You are not subject to an Administration Order referred to in section
74(1) of the Magistrate's Courts Act of 1944.
20.1.3 You are not subject to an order of a competent court holding you to be
mentally unfit.
20.1.4 We may provide a credit bureau with any of your personal information
and data in connection with your application for finance, the commencement
and termination of this Agreement and any related matters.
20.1.5 We may submit any information as to how you conduct your account to
any credit bureau of our choice, which may use this information to create a
credit profile and/or a credit score on you. If you do not conduct your account in
accordance with this Agreement, this may adversely affect your future credit
worthiness. You have the right to have your credit record disclosed and you
may challenge any incorrect information and have the information corrected.
20.1.6 You may contact the credit bureau as per the details below:
CompuScan Chenin House, (021) 888 6050
Brandwacht Office Park
Trumali Road,
Stellenbosch
Account No 85256790869
Telephone: (012) 394-1450 or (012) 394-1721
21. Tracking Devices
21.1. If the Goods is a vehicle and if we have fitted a tracking device to the
vehicle, you are advised that:
21.1.1. this tracking device generates data which is intercepted and monitored
by the tracking company and/or its third party business partners; and
21.1.2. you are not liable for any fees associated with the tracking device; and
21.1.3. the tracking device may be activated if you breach this Agreement; and
21.1.4. the tracking device will be removed by us or our agent on termination of
this Agreement. If you do not allow us to remove the tracking device, you will
be liable for the replacement cost thereof.
21.2. If you have fitted the vehicle with a tracking device, you agree that we
may contact the tracking company in order to obtain information to locate the
vehicle.
21.3. You indemnify and hold us and/or the tracking company and/or any third
party harmless against claims, costs, damages or loss of whatsoever nature
and howsoever arising relating:
21.3.1. to the activation, installation or the removal of the tracking device;
and/or
21.3.2. any information obtained from the tracking company.
22. General:
22.1. If we have not strictly enforced the terms and conditions of this
Agreement at any time, you may not assume that the terms and conditions
have been waived or altered by us. These terms and conditions will still apply
and we will have the right to enforce the terms and conditions at any time.
22.2. Unless you give us written notice that you wish to receive the statement
of account every 2 (two) months, we will send you a statement of account
every three (3) months.
22.3. We will send you statements of account to your last known postal
address that we have on record, unless you have elected to receive your
statements in another manner
22.4. If you have not elected the method of delivery in respect of your
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VAT Registration No 4210102051
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869
NCRCP20
statement of account and you have provided us with your email address, then
we will send your statement of account to your email address until you have
advised us otherwise.
22.5. We may provide a certificate from any of our managers, whose position
it will not be necessary to prove, showing the amount that you owe to us. You
agree that we may take any judgment or order that we are entitled to in law
based on the amount contained in the certificate, unless you disagree with
such amount and are able to satisfy the court that the amount in the certificate
is incorrect.
22.6. This is the whole Agreement and no changes or cancellations will be
valid unless it is in writing and signed by both parties or is voice-logged by us
and subsequently reduced to writing.
22.7. This Agreement is governed by South African law.
22.8. In terms of Section 45 of the Magistrate's Court Act 32 of 1944 and at
our option, any claim that may arise may be recovered in any magistrate's
court having jurisdiction and you hereby consent to the jurisdiction of the
Magistrates' Court.

If, after reading the Agreement and after we have explained it to you, you
are still uncertain of your rights and your financial risk and obligations,
we recommend that you obtain independent advice.

By signing this Agreement you acknowledge and agree that you

understand this Agreement, your rights, financial risk and obligations.

Signed at __________________on _____________

______________________________________________
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For the Consumer who warrants his Authority to sign

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___________________________________________
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Witness
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___________________________________________
Name of Consumer
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Signed at __________________on _____________

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_________________________________________
for the Credit Provider
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Witness
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Initial
Account No 85256790869 Date & time produced 2017/01/16 04:29 PM
 COMPLAINT RESOLUTION PROCEDURE
Ref No:
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869

NCRCP20
FOR THE INFORMATION OF OUR CUSTOMERS

WesBank, a division of FirstRand Bank Limited, A DIVISION OF FIRSTRAND BANK LIMITED

AN AUTHORISED FINANCIAL SERVICES PROVIDER

COMPLAINT RESOLUTION PROCEDURE

Financial Advisory and Intermediary Services Act no. 37 of 2002 (FAIS)

1. BACKGROUND
WesBank, a division of FirstRand Bank Limited places a high priority on customer satisfaction, and this priority extends to the effective and efficient
resolution of customers' complaints. To this end, we have developed a complaints resolution procedure. This document aims to assist customers
who wish to lodge a FAIS complaint.

Definition of FAIS complaint:

A FAIS complaint means a specific complaint relating to a financial service rendered by a Financial Services Provider (FSP) or its representative to
the complainant on or after the date of commencement of this Act (30 September 2004), and in which the complainant alleges that the FSP or its
representative has -

contravened or failed to comply with the Act and which conduct has led to (or could lead to) the complainant suffering financial prejudice
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or damage;
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wilfully or negligently rendered a financial service that is likely to result in the complainant suffering financial prejudice or damage; or-
treated the complainant unfairly.
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2. COMPLAINTS POLICY
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WesBank, a division of FirstRand Bank Limited has commited itself to resolve customer complaints by -
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having an effective and efficient internal complaints process;

having easily accessible procedures in place that are transparent and visible to customers; and
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ensuring that complaints are timeously and fairly resolved.

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3. COMPLAINTS RESOLUTION PROCEDURES

Complaints, in writing, and supporting documentation may be submitted to any WesBank, a division of FirstRand Bank Limited
office or may be sent to:
20

The Compliance Officer

WESBANK
Private Bag X5
FLORIDA HILLS 1716

We will acknowledge receipt of the complaint in writing and will endeavour to resolve the complaint within a reasonable time.

If the complaint remains unresolved for six (6) weeks after it has been submitted to the compliance officer, we will notify you of
this in writing. You will also be advised that you may refer the matter to the FAIS Ombud and his/her contact details will be
provided.

If you choose to approach the FAIS Ombud, you must do so within six (6) months of sending your initial complaint to the
compliance officer.

National Credit Registration Number: NCRCP20

 SOURCE OF FUNDS
Ref No:
Date/Time: 2017/01/16 04:29 PM
Old Account No: REW35295X
New Account No: 85256790869

NCRCP20

Declaration of Source of Funds for this transaction

Private/Self-Employed Individual

I, the undersigned

Full names: SIR ACHIM HELMSTEDT

Identity Number: 9308095041081

Hereby declare that I am employed at:

TYRE CORPORATION SITE SERVICES

1. I confirm that my source of funds to finance the deal/contract is derived from the following source/s:

X Monthly Salary Court Order

Weekly Wages Maintenance

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Commission Interest Earned
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Rental Income Dividends

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Pension Donations
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Grant Investments
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Social Grant Member of Legal Entity

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Pocket Money Bursary

Cash or Funds Received

Income from Business Activity

I confirm that the above is true and correct.

Signature Date