PROGRESS WELDED MESH SON. BHD.

(Company No. 101 5640-A)

PLO 106, Jalan Cyber 5, Senai Industrial Estate Ill, 81400 Senai, Johor.
Tel: (607) 599 1800 (Hunting Line)/ 599 0800 Fax: (607) 599 3366

CREDIT APPLICATION FORM

1. (a) Name and Business Address:

Incorporation Status
(Please tick -I)
D Sole Proprietorship
Tel. No.: Fax No.: CJ Partnership
{b) Registered Address (if different from above): D Private Limited Company
CJ Public Limited Company
D Exempt Private Company
D Others (please specify)
Tel. No.: Fax No.:
(c) Business Registration No.: _ _ _ _ _ _ _ _ __ Date of Registration:

(d) Certificate of Incorporation: _ _ _ _ _ _ _ _ __ Date of Incorporation: _ _ _ _ _ _ __

(e) Authorised Share Capital: RM Paid-Up Capital: RM

(f) Date of Commencement of Operation :

2. (a) Main Activity of Business CJ Dealer D Trader D Contractor CJ Developer

D Manufacturer D Govt. Agency DOthers

(b) Nature of Business D Building Materials CJ Hardware D Water Works & Plumbing
D Others (Please specify)

(c) Description of Premises D Factory D Warehouse D Office Space D Shop Lots

D House D Others
{d) Business Premises D Owned D Rented CJ Others
(e) Estimated Total Volume of Business Done Per Month: RM _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

3. (a) Particulars Of Proprietor/Partners/Directors* (*Delete where necessary)

NAME NRIC NO. DESIGNATION RESIDENTIAL ADDRESS

1. - - - - - - - - - --------~ - - - - - - - - - - - - - - - - - -- - -

2. - - - - - - - - - --------~ - - - - - - - - - - - - - - - - - - - - -

3. - - - - - -- - - --------~ - -- - - -- - - - - - - - - - - - - --

4. - - - - - - - - - --------~ - - - - - - - - - - - - - - - - - - - - -
5. - - - - - - - - - --------~ - - - -- - - - - - - - - - - - - - - - -
{b) Interest in other related firms & companies .

Name Of Proprietor/ Name Of Nature Of % Of Interest And/

Partners/Directors Firm & Company Business Or Shareholding

1. - - - - - - - - - - ----------~ -----~

2. - - - - - - - - - - - - - - - - -- - - -
3.
4. Details Of Guarantors

NAME NRIC NO. OCCUPATION RESIDENTIAL ADDRESS TEL. NO.

1. ~~~~~~~~~ ~~~~~~- -~~~~- -~~~~~~~~-

2. ~~~~~~~~~ ~~~~~~- -~~~~- -~~~~~~~~-

3. ~~~~~~~~~ ~~~~~~- -~~~~- -~~~~~~~~-

4. ~~~~~~~~~ ~~~~~~- -~~~~- -~~~~~~~~-

5. Assets/ Properties Owned

Brief Description Estimated Value Address Charged to Whom
(a) by Company/Firm

(b) by Guarantor

6. Facilities from Banks and Finance Companies

Address Type of Limit Security

Name & Account No.
Facility Offered
7. Projects Record (Contractors/Developers only)

Project Name Owner/ Main Contractor Contract Value Commencement/

Completion Date

i) Past Projects

ii) Projects in Progress

i) New Projects

8. Trade References

Name of Company Address Person to contact/ Tel. No.

Position

9. ADDITIONAL INFORMATION - Please furnish the following together with this application form :

1. Sole Proprietor I Partnership I Joint-Venture Company 2. Sdn . Bhd. I Berhad 's Company

D Form A/ B & Form D D Form 24 &49

D Bank Statements for the past 3 months D Bank Statements for the past 3 months
D Latest available accounts for the past 2 years D Latest avail able accounts for the past 2 years
D Photocopies of owner/guarantor's NRIC D Photocopies of Directors'/Guarantor's NRIC
 DECLARATION

I/We ... ............. ....... ... ....... ................. ..... ... .... .. ..... ........... ..... .. ..... ..... ............ ...... ..... ......................... Director/Pmtner/Proprietor
of.. ........ .... .. ........ .... .... .... .. .. ......... ... ....... .. ................. ............. ................. .. ............. ........... .. .. ........ (the Customer) hereby declare
that the information given in the credit application form is true and correct and I/We agree that each order and subsequent
sa le made shall be made in accordance with PROGRESS WELDED MESH SDN. BHD. (the Company) then existing
standard terms and conditions of sale. The terms and conditions as existing on the date of this application, are as follows:-

TERMS AND CONDITIONS OF SALE

1. The Customer shall make payment for all products sold and delivered within the time stipulated in the invoice.
2. The Company at its sole discretion shall have the right to charge interest at the rate of l .5% per month on all outstandings after the ex piry of
the credit period to the date of full realisation .
3. a) Goods delivered to the Customer shall remain the Company's sole property until payment therefor is full has been received but the risk
of loss or damage thereto shall pass to the Customer upon the Company's delivery of the goods to the Customer's premises or to premises
as the Customer shall direct.
b) So long as the goods remain the Company's property, the Customer shall keep the goods separately stored and marked at the Customer's
expense so as to be clearly identifiable as the Company's property.
c) The Company may at any time recover and resell the goods if payment therefor is overdue and for this purpose. the Company's
employees or agents may enter the Customer's premises where the goods are situated.
d) The Customer shall resell the goods to third parties in the nonnal course of business and the proceed of any such sale shall belong to
the Company to extent that any payments referred to in (a) above shall remain owing and the Customer shall be under a fiduciary duty
to account to the Company for such proceeds.
e) The Customer shall not be deemed to be the Company's agent and shall indemnify the Company any liability that the Company may
incur to third parties (whether in contract, tort or otherwise, and including all our expenses attributable thereto) in connection with the
goods sold to the Customer.
4. Delivery shall be deemed to have been made ifthe Company delivers the goods to the location specified by the Customer and Delivery Order
is endorsed by any person present thereat. The Company is not responsible to ensure the goods have been delivered to or is collected by the
Customer or its authorised personnel and shall not be liable for any loss or damage to the Customer by reason of unauthorised collection of
the goods.
5. The Company reserves the right to withhold approval for credit account facilities and may cancel credit account facilities at its absolute
discretion without giving any rea son whatsoever and may demand and require full settlement immediate of all sums outstanding irrespective
of whether they are due for payment.
6. Any notices/comminications or document as well as Writ of Summons or other originating process including any interlocutory applications
against the Customer shall be deemed to have been sent if served on the Customer personally or sent to the Customer by prepaid ordinary
mail accompanied by a Certificate of Posting or left at the address stated in this Contract or at the Customer usual or last known business or
private address. Any such account. demand, notice, Writ of Summons or other originating process sent by post shall conc lusively deemed to
have been received by Customer within three (3) days after the date of posting.
7. In the event the Company shall commence litigation proceedings against the Customer for recovery of their outstandings. the Customer shall
be liable for all expenses that shall be incurred in the process of recovery.
8. The Customer shall inform the Company in writing of any disagreement in the monthly statement of account within ten ( 10) days from receipt
of such statement otherwise dispute arising on the statement will not be accepted. Evidence of payment in cash. cheque or otherwise unless
supported by the Company's official receipt will not be considered valid.
9. The Company reserves the right to change any of the terms and conditions of sale as when it is felt necessary to do so.
10. This Contract shall be governed by and construed in all respects in accordance with the laws of Malaysia.
11 . The Customer consents and authorises the Company to lodge a private caveat on the Customer properties in the eYent of defaulr of any monies
due and owing to the Company and the Customer will not hold the Company responsible and agrees to indemnify the Customer for any losses
damages from all claims or lawsuits that may be brought by any person or the Company arising from the lodgement of the private caveat.
12. A certificate signed by any authorized officer of the Company or any branch officer of the Company as to the amount due from me•us under
this Contract at the date of such certificate shall in the absence of manifest error be prima facie eYidence that the amount so certified was in
fact due from me us at the date specified in such certificate.
13. All amounts stated in the invoices and statement of accounts of the Company shall be conclusive of the amounts due or owing by the Customer
to the Company and shall be binding against the Customer in any legal proceedings.

14. The Company may acquire information (whether personal or otherwise) on the Customer credit worthiness from any bodies or companies
whatsoever that supply credit information. including but not limited to CTOS, to such extent as the Company may deem fit, expedient or
necessa1y for any purpose whatsoever and the Customer hereby expressly, irrevocably and unconditionally permit and consent to such
acquisition and hereby confirm and declare that no further permission or consent from the Customer is necessary or required in relation thereto
and the Company shall be under no liability for acquiring such information therein.
15. I/We further agree that the Company may in its own absolute discretion bring any action in respect of this Contract in any law court in Kuala
Lumpur or situated in any other place of the Company's choice which said court shall have jlirisdiction to hear such action .
1/We hereby confirm that I/We have read the standard terms and conditions of sale and agreed to accept the said terms and conditions.

Name
NRICNo.
Designation :
···········-·········· ····"f.:..Uth·on·seci·s~·gnaro·ry·o"f"cu·s1·c;me~········· ···· · · · ············
(Chop and sign) Date
 GUARANTEE & INDEMNITY

To : PROGRESS WELDED MESH SDN. BHD. (101s640-Al

PLO 106, Jalan Cyber 5, Senai Industrial Estate III, 81400 Senai, Joh or.
Tel: (607) 599 1800 (Hunting Line) I 599 0800 Fax : (607) 599 3366

1. In Consideration of you Messrs. PROGRESS WELDED MESH SDN. BHD., a private limited company incorporated
in Malaysia and having its registered office at PLO 106, Jalan Cyber 5, Senai Industrial Estate III, 81400 Senai, Johor.
(hereafter called "the Company" which expressions shall where the context so admits include the Company's successors
and assigns) agreeing at my/our request to supply goods or continue to supply goods or otherwise to give credit in such
sum or sums and so long as the Company may think fit to

(Hereinafter called " the Customer"),

I/We the undersigned jointly and severally guarantee as Principal Debtors and not merely as sureties repayment of all
money and liabilities whether incurred certain or contingent now or hereafter owing or incurred prior to this Guarantee
and Indemnity (hereinafter called "Guarantee") to the Company from or by the Customer on any account or in any manner
whatsoever together with interest on all such debts and liabilities to the date of payment legal and other costs charges and
expenses whether incurred in obtaining or seeking to obtain payment of all or any part of the money hereby guaranteed
or otherwise howsoever.

2. This Guarantee shall not be considered as satisfied by any intermediate payment or satisfaction of the whole of any
part of any sum owing as aforesaid but shall be a continuing security and shall extend to cover any sum or sum of money
which shall for the time being constitute the balance due from the Customer to the Company upon such account as herein
mentioned.

3. This Guarantee shall be in full force and binding as continuing guarantee upon each of us and his executors
administrators liquidators or our legal personal representatives as the case may be notwithstanding any change in the name
style or constitution of the Customer howsoever caused or affected.

4. The Company may at all times without prejudice to this Guarantee and without discharging or in any way affecting
our liability hereunder and without notice to any of us: -

(a) grant to the Customer or to any other person any time or indulgences;

(b) take any other securities or guarantees from the Customer or any other person;

(c) deal with exchange release modify or abstain from perfecting or enforcing any securities or other guarantees
or rights which the Company may now or hereafter have from or against the Customer or any other person;

(d) compound with the Customer or with any other person or guarantor.

5. The liability of any of us hereunder shall not be affected by any failures by the Company to take any security or
by any invalidity of any security taken or by any existing or future agreement by the Company as to the application of
any advances made or to be made to the Customer.

6. Until all money and liabilities due or incurred by the Customer to the Company shall have been paid or discharged
no one of us will by paying off any sums recoverable hereunder or by any other means or on any other ground claim any
set-off or counterclaim against the Customer in respect of any liability on the part of us to the Customer or claim or prove
in competition with the Company in respect of any payment by any of us hereunder or be entitled to claim or have the
benefit of any set-off counterclaim or proof against or dividend composition or payment by the Customer or the benefit
of any other security which the Company may now or hereafter hold for any money or liabilities due or incurred by the
Customer to the company or to have any share therein.
7. Should the Customer become bankrupt or insolvent or being an incorporated company shall be wound up or liquidated,
you may prove in the bankruptcy insolvency or winding up or liquidation of the Customer, for the whole amount outstanding
against the Customer and no money or dividend so received by you shall be treated as received in respect of this Guarantee
or otherwise in relation to us, but the full amount hereby guaranteed shall be payable by us until you shall have received
from all sources one hundred sen in the ringgit on the ultimate balance outstanding against the Customer. After you have
received such ultimate balance in full any claim on our part to any excess or any securities remaining in your hands shall
be a matter of adjustment between you and us and any other person or persons laying claim thereto.

8. In the case where the Customer is an incorporated Company the liquidation, winding-up or insolvency of the Customer
or any change in the constitution of the Customer by amalgamation consolidation or otherwise shall not affect or determine
our liability under this Guarantee but such liability shall continue in full force and effect until you shall have been paid
in full all the moneys hereby guaranteed.

9. This Guarantee shall be without prejudice to and shall not be affected by nor shall we be released or exonerated by
any of the acts or matters following, that is to say:-

(a) any securities, negotiable or otherwise, including other guarantees, if any, which you may now or at any time
hereafter hold from the Customer or any other person or persons in respect of any moneys hereby guaranteed;

(b) any variation exchange renewal release discharge or modification of any such secmities or any refusal or neglect
to complete enforce or assign any judgment speciality or other security or instrument, negotiable or otherwise, and whether
satisfied by payment or not;

(c) any time given or extended to the Customer and/or any other person or persons including ourselves and the
parties to any negotiable or other security instrument guarantee or contract and any other indulgence granted to or
compromise composition or an-angement made with Customer and/or any other person or persons including ourselves
whether with or without consent from or notice to us.

10. This Guarantee shall be in addition to and not in substitution for any other guarantee for the Customer given by any
of us to the Company.

11 . To give effect to this Guarantee the Company shall be at liberty to act as though we and each of us were principal
debtors or principal debtor to the Company for all payments guaranteed by us as aforesaid to the Company and
notwithstanding: -

(a) the failure of any one or more of us the intended guarantors to complete this Guarantee; or

(b) the fact that for any reason whatsoever the signature of any one or more of us intended guarantors to this
Guarantee shall not bind him or his estate; or

(c) the release by the Company of any one or more of us from further liability under this Guarantee;

the remainder of us shall be bound by this Guarantee and it shall be and remain a continuing security as to the other or
others of use.

12. No one of us shall be discharged or released from this Guarantee by any an-angement made after this Guarantee or
any dealing between the Customer and the Company without our knowledge or consent or by any variation or alteration
without our knowledge or consent in the agreement between the Customer and the Company for the making of advances
or otherwise giving credit to the Customer by the Company.

13 . In order to give full effect to the Provisions of this Guarantee each of us hereby waives all rights inconsistent with
such provision and which we might otherwise as sureties be entitled to claim and enforce and we declare that the Company
shall be at liberty to act as though we or each of us were principal debtors or principal debtor to the Company for all
payments guaranteed by us as aforesaid to the Company.

14. Any notice or demand hereunder shall be deemed to have sufficiently given if sent by prepaid letter post to the
address last known to the Company or stated hereon of the one of us whom or to whose personal representatives such
notice is given and shall be assumed to have reached the addressed in the course of post. In case of the death of any of
us until the Company receives notice in writing of the Grant of Probates of my/our will or of administration of my/our
estate any notice or demand by the Company sent by post as aforesaid addressed to such one of us or his personal
representatives or to the registered office of the Guarantors and shall be as effectual as if my/our were still living and
operating.

15. Any admission or acknowledgement in writing by the Customer or by any person authorised by the Customer of
the amount of indebtedness of the Customer to the Company and any judgement recovered by the Company against the
Customer in respect of such indebtedness shall be binding and conclusive on and against us and our executors administrators
and legal representatives in all Court of Law and elsewhere.

16. A certificate signed by any authorized officer of the Company or any branch office of the Company as to the amount
due from me/us under this Guarantee at the date of such certificate shall in the absence of manifest en-or be prima facie
evidence that the amount so certified was in fact due from me/us at the date specified in such certificate.
 17. This Guarantee shall not be determined by the Company being adsorbed by or amalgamating with or taking over
any other company or firm or corporation but shall endure and be available for past and subsequent advances and all other
purposes for or by the absorbing or amalgamated company or concern.

18. This Guarantee shall be deemed to have been made in the State in which the Company have its registered office
and we hereby submit to the jurisdiction of the Court of the States of Malaysia provided always that the Company shall
be at liberty to take any proceedings in respect of any cause of action arising hereunder in any courts whether in the States
of Malaysia or elsewhere to recover any sums or monies due to the Company hereunder.

19. I/We hereby agree to indemnify the Company and keep the Company indemnified against all losses and damages
which the Company may suffer and costs and expenses (including legal fees) which the Company may incur as a result
of the Customer default in payment.

20. I/We hereby consent and authorise you to lodge a private caveat on my/our properties in the event of default of any
monies due and owing to you and/or in the event of litigation commences by you against me/us and the Customer and
I/We hereby undertake to indemnify you against any losses, damages, expenses that you may suffer or incur or that may
arise from my/our consent to your lodgement of the private caveat.

21. Each and every term stipulation or provision contained herein are severable from the other so that no term, stipulation
or provision which may be illegal prohibited or unenforceable in law shall effect the legality of or in-validate any or all
of the other provisions contained herein.

22. This Guarantee shall be binding upon my/our respective successors in title lawful assigns heirs executors and
administrators as the case maybe.

23. Time shall be the essence of this Guarantee.

24. In these clauses where the context so permits the singular included the plural and vice versa and the masculine
includes the feminine and neuter genders and persons includes a corporation.

25. Any demand notice account or document as well as Writ of Summons or other originating process including any
interlocutory application against me/us shall be deemed to have been sent if served on me/us personally or sent to me/us
by prepaid ordinary mail accompanied by a Certificate of Posting or left at the address stated in this Contract or at my/our
usual or last known business or private address. Any such account, demand, notice, Writ of Summons or other originating
process sent by post shall conclusively deemed to have been received by me/us within three (3) days after the date of
posting.

26. The Company may acquire information (whether personal or otherwise) on my/our credit worthiness from any bodies
or companies whatsoever that supply credit information, including but not limited to CTOS, to such extent as the Company
may deem fit, expedient or necessary for any purpose whatsoever and I/We hereby expressly, irrevocably and unconditionally
permit and consent to such acquisition and hereby confirm and declare that no further permission or consent from me/us
is necessary or required in relation thereto and the Company shall be under no liability for acquiring such information
therein.

Dated this day of

I) Signature ____ _________ _______ _________________ ___ _____ _ Signature ____________________________________ ___ _______ .

Name of ________ __ ____________________________________ . Name of _________________________ _____________________ .

Witness Guarantor
Identity Card _________________________ - -- - -- -- - --- -- - -- -. Identity Card _____ __ __ __ __________ __ ___ ____ _______ ------ ·

Occupation ________________ _________________ ____ ____ ____ . Occupation _______ ______ ___________ ___ ___________ ___ ____ .

Address Address

Postcode ___________ ________ __________ ______ ____ ___ ____. Postcode ____ ___ ____ __ __ __________ __ ______ ___ __ __ ______ .
2) Signature ____ ________ ________________________________ __. Signature ___________________________________________ ___ .

Name of _______________________ ______________ _________ . Name of _____________ _________________________________ .

Witness Guarantor
I den ti ty Card ________________ ______ -------- ------------ - Identity Catd ________ ______ ____ _______________ _______ ___ .

Occupation _____________________________________________ . Occupation _________________________________________ ____ .

Address ________ ______________ ________________________ . Address ______________________________________________ .

Postcode _________________________ _____________________ . Postcode _____________________________ _________________ .

3) Signature ___________ ______ _____________ ____ ___________ _ Signature ______________________________________________ .

Name of ____________ __ ________________________________ . Name of _______________________ __________________ __ __ -·

Witness Guarantor
Identity Catd _________________________________ ----------. Identity Catd ___________________________________________ .

Occupation _______________________ ______ ____ ____________ . Occupation _____________________________________________ .

Address ____________ __________________________________ . Address ______________________________ ________________ .

Postcode ______________________________________________ . Postcode ______________________________________________ .

4) Signature _____________________________________________ _ Signature _____________________________ _________________ .

Name of ______________________________________________ . Name of ______________________________________________ .

Witness Guarantor
Identity Catd __________________________________________ _ Identity Card ____________ ______________________________ -·
Occupation _____________________________________________ . Occupation _____________________________________________ .

Address ______________________________________________ . Address ___________________ ___________________________ .

Postcode ______________________________________________ . Postcode ______________________________________________ .

5) Signature _____________________________________________ _ Signature ______________________ ___ _________ __ ___ _______ .

Name of ___ ____________________ __ ___________________ __ . Name of ________________ __ ___________ __ ______________ -·

Witness Guarantor
Identity Card ___________________________________________ . Identity Card ___________________________________________ .

Occupation _____________________________________________ . Occupation _____________________________________________ .

Address _____ _________________________________________ . Address ______________________________________________ .

Postcode ______________________________________________ . Postcode ______________________________________________ .