Terms/Conditions of Sale


To the fullest extent legally possible all contracts made between SA Color [ACN 158 497 655] and any customer (the "Customer") for the supply of any products or services are subject to the following Terms and Conditions of Sale ("Terms") as amended by SA Color from time to time.

1. DEFINITIONS

(a) "Costs" includes SA Color's internal costs and the costs on the indemnity basis of any solicitor acting for SA Color.

(b) "Customer" is the entity making this application for credit

(c) "Default" under these Terms means:

i. Default in payment of any Money Owed as required by these Terms;
ii. A liquidator or provisional liquidator is appointed in respect of Customer;
iii. A manager, receiver or receiver and/or manager is appointed in respect of any or all of the assets of Customer;
iv. An administrator under Part 5.3A of the Corporations Act 2001 is appointed in respect of Customer or any or all of the assets of the Customer;
v. An application is made (whether by the Customer or a creditor) to wind up the Customer or the Customer resolves to go into voluntary liquidation;
vi. If the Customer is an individual, she or he commits an act of bankruptcy, files a debtor's petition , has an application for a sequestration order filed or has her or his affairs dealt
with under Parts IX or X of the Bankruptcy Act 1966;
vii.. Any execution against any of Customer's assets remains unsatisfied for fourteen (14) days; or
viii. The Customer causes or allows any goods to be or become liable to be subject to any lien, destroyed, damaged, endangered, disassembled, removed (other than as part of
products manufactured by the customer in the normal course of its business) or concealed from SA Color or if the customer sells or otherwise , disposes of the goods other than in the
ordinary course of the customer's business.

(d) "Goods"

i. means goods supplied by SA Color from it's product list from time to time to the Customer and as more particularly described on each invoice from SA Color to the Customer;
ii . Includes inventory; and
iii. (where the context permits) includes services.

(e) "Money Owed" means all money owed by the Customer to SA Color, nor or in the future, alone or together with any other person, and for any reason, including any
one or more of the following:

i. The total price owed by the Customer to SA Color for Goods supplied;
ii. Any costs or losses SA Color incurs, including those incurred as a result of any breach by the Customer of any legal or equitable obligation owed to SA Color;
iii. Any Costs SA Color incurs in recovering or securing Money Owed by the Customer or any guarantor; and
iv. Any amount for which the Customer must indemnify SA Color.

(f) "PPSA retention of title property" has the same meaning as in s.51F of the Corporations Act 2001.

(g) "Property" where referring to the property of a corporation, includes PPSA retention of title property.

2. PRICE

The total price set out on the invoice is due and payable by the Customer forthwith upon the date of the invoice.

3. PAYMENT TERMS

(a) If the total price is not paid in accordance with the agreed payment terms or as set out on the invoice SA Color may charge the customer interest from the invoicedate until payment on
the unpaid price at the rate of 5% per annum above the Index Rate calculated on daily balances.

(b) In this clause, the "Index Rate" means the Australia and New Zealand Banking Group Limited Index Rate as published in the Australian Financial Review.

(c) The Customer shall pay all and any import duties, levies or imposts and/or any sales, use, excise, gross receipts value added or other taxes, including but not limited to a goods and
services tax or duties of any kind whatsoever assessed upon or relating in any ,way to the Goods ordered by the customer.

(d) Any amount payable by the Customer pursuant to sub clause (c) above shall be paid in the same manner and at the same time as the payment of this invoice.

4. SALE, SUPPLY AND DELIVERY

(a) SA Color hereby agrees to sell to the Customer the Goods for the total price.

(b) SA Color shall use its best endeavours to have the Goods delivered to the Customer by the delivery date set out on the invoice.

(c) If SA Color is unable (for any reason whatsoever) to supply all of the Goods to the Customer by the delivery date the Customer will accept delivery of the Goods at such time and in
such installments as SA Color is able to deliver them.

(d) SA Color may charge the Customer for all costs and expenses incurred in delivering the Goods.

(e) In the event that the Customer claims that any of the Goods are defective or damaged the Customer shall so advise SA Color in writing within thirty days of the actual date of delivery of
the Goods or, in the case of defects not reasonably discoverable during said thirty (30) days, within ninety (90) days after discovery.

5. FORCE MAJEURE

SA Color shall incur no liability whatsoever (including liability for any consequential financial loss suffered by the Customer) for inability to perform or delay in performance of its
obligations in respect of the sale of the Goods if that inability or delay arises directly or indirectly from the happening of any event not within the reasonable control of SA Color.

6. EXPORT OF GOODS
SA Color and the Customer must not allow the goods to be exported to any place to which their export is prohibited by the laws of either Australia or the United States of America.

7. LIABILITY

(a) To the fullest extent permitted by law all terms, conditions, warranties and representations with respect to the Goods are hereby excluded and in no event shall SA Color be liable for
any claims or damages including; (i) any claims relating to the combination of the Goods with any other goods, (ii) special or consequential damages.

(b) Except as otherwise required by law the liability of SA Color in respect of the Goods shall be limited at the election of SA Color to; (i) the repair or replacement of the Goods or supply of
equivalent Goods; or (ii) payment of the cost of replacing the Goods where payment in full has been made. In the case of Goods constituting services SA Color's liability in respect of
the services shall be limited at the election of SA Color to (i) the cost of resupplying the services or (ii) the cost of obtaining equivalent services.

8. TITLE PROPERTY AND RISK

(a) The ownership of and all property in and title to the Goods shall whereupon title and property shall be vested in the Customer. The Customer shall store the Goods separately from the Customer's own goods and mark them to indicate they are the property of SA Color. Until the Goods are paid for in full the customer is only authorised to sell the Goods as agent for
SA Color and shall pay the proceeds of sale into a separate ADI account in SA Color's name from which account the customer shall account to SA Color for the full price of the Goods.
The Customer irrevocably appoints SA Color its attorney for the purpose of giving notice to any of the Customer's debtors requiring payment into the ADI account.

(b) If products are manufactured using the Goods the Customer shall hold such part of the proceeds of any sale as represents the total price of the Goods used in the manufacture of the
products in a separate identifiable account as the beneficial property of SA Color and shall pay such amount to SA Color upon request.

(c) The Goods shall be at the risk of the Customer from the actual date of delivery.

(d) PAINT MIXES- due to paint carrying a labour content to mix and that once mixed can't be un-mixed, our policy is that there is no credit as clearly indicated at purchase.

9. WARRANTIES BY THE CUSTOMER

The Customer and each person completing this credit application unconditionally promise that -

(a) All personal information supplied is true and correct.

(b) All serial numbers supplied are accurate.

(c) Any change in any of the Customer's addresses, entity name or business name will be notified to SA Color within 5 business days of such change.

(d) They are authorised to provide the information and bind the Customer to these Terms.

10. NOTICES

(a) Service by SA Color of any notice will be treated as having been effected when sent to any of the addresses shown above in this credit application:

i. for the postal or business\street address, by pre-paid post;
ii. for the fax number, by facsimile transmission; or
iii. for the email address, by email.

(b) Postal service will be treated as having been effected on the business day next following the day on which the notice was placed in the post box and in the case of facsimile
or email transmission, production by SA Color of a copy of a facsimile transmission or email message bearing the time and date of dispatch shall be conclusive evidence that the
facsimile transmission or email message was sent on that date and time shown.

11. WAIVER

The failure by either party hereto at any time or times to require performance by the other party of any provision of this agreement shall not affect the right to enforce the same.
The waiver by any party of any breach of any one or more of the provisions contained in this agreement shall not be construed to be a waiver of any succeeding breach of such
provision or a waiver of the provision by such party.

12. SA Color'S RIGHTS IF CUSTOMER DEFAULTS

(a) If the Customer defaults SA Color shall be entitled without prejudice to its other rights and remedies and subject to any applicable legislation, to repossess goods and to enter (if
necessary by force) any premises, without notice, for that purpose.

(b) The Customer hereby irrevocably authorises SA Color's agents to enter the premises of the customer to locate and seize the goods and, if necessary, to use the customer's equipment
to lift and transport the goods from where they are stored.

(c) The Customer will indemnify SA Color against any claim from any other party for damage caused during such entry or seizure and the customer has no claim whatsoever against SA
Color for such damage.

(d) If the Customer defaults SA Color is entitled to exercise all its rights and remedies under PPSA Chapter 4.

13. GOVERNING LAW

This agreement shall be governed by construed and take effect in accordance with the laws of New South Wales and the parties irrevocably submit to the non-exclusive jurisdiction of
the Courts of New South Wales

14. ILLEGALITY OR INVALIDITY

If any provision of this agreement shall be determined by any statute or any Court having Jurisdiction in relation thereto to be illegal, invalid, void or voidable, the egality or validity of the
remainder of this agreement shall not be affected and the illegal, invalid, void or voidable provision shall be deemed deleted herefrom to the same extent and effect as if never
incorporated herein save that the remainder of this agreement shall continue in full force and effect.

15. EXCLUSIONS

(a) Sample: No contract between SA Color and the Customer shall be or be deemed to be a sale by sample.

(b) The Customer agrees to rely on its own knowledge and expertise in selecting any Goods for any purpose and that any advice or assistance given by or on behalf of SA Color shall be
accepted by the Customer at its own risk and shall not be or be deemed to be given as an expert or adviser nor intended to have been relied upon by the Customer.

16. RETURNS

(a) To the extent permitted at law SA Color reserves the right to refuse to accept any returns.

(b) The Customer acknowledges its obligation to inspect all Goods within seven days of delivery.

(c) If SA Color for any reason elects to take back Goods it will be on terms agreed and a re-stocking fee may apply.

(d) No cash refund will be payable in any event.

17. ORDERS

(a) The Customer agrees, in the event of any dispute arising concerning any order (and including any telephone, facsimile or computer generated order) that the internal records of SA
Color will be conclusive evidence of what was ordered in all respects.

(b) The Customer agrees that each order it places shall be and be deemed to be a representation by it made at that time, that the Customer is solvent and able to pay all of its debts as
and when they fall due.

(c) The Customer agrees that failure to pay SA Color in accordance with these Terms shall be and be deemed to be conclusive evidence that the Customer had no reasonable grounds for
making the representation referred to in clause 17(b) hereof.

18. RECOVERY COSTS

The Customer will pay indemnify and pay to SA Color all the costs and expenses incurred by it or SA Color's solicitors, mercantile agents or other parties acting on SA Color's behalf in
respect of any action instituted or being considered against the Customer whether for recovery of any debt, granting, registration, stamping or enforcement of any security interest or
otherwise. The Customer agrees that all of these costs are reasonable expenses for the purposes of PPSA, s.140(2).

19. WHOLE AGREEMENT

Subject to Clause 14 of these Terms:

(a) This agreement shall be binding upon the parties upon the date of the invoice.

(b) This agreement contains all of the terms between the parties relating to the sale and purchase of the Goods.

SECURITY AGREEMENT UNDER PPSA
CREATION OF SECURITY INTEREST UNDER PPSA

1.1 DEFINITIONS

1.1.1 Words defined in the Terms and Conditions of Sale have the same meaning when used below.

1.1.2 "PPSA" means the Personal Property Securities Act 2009 (Cth) (as amended) and any other legislation and regulations in respect of it and the following words when used have the
respective meanings given to them in the PPS Act: ADI account, advance , collateral, financing change statement, financing statement, future advance, grantor, interested person,
purchase money security interest, register, registration, security agreement, security interest and verification statement.

1.2 GRANT OF PPSA SECURITY

(a) In addition to the rights SA Color has under Clause 6(a) of the Terms and Conditions of Sale, SA Color retains, and the Customer (as grantor) grants, a security interest in commercial
property being Goods supplied and to be supplied as inventory (including Goods paid for) and their proceeds as security for the Money Owed by the Customer and all other obligations
including future advances and Costs.

(b) The Customer also grants to SA Color a security interest in commercial property being all the Customer's present and after acquired property as security for the Money Owed by the
Customer and all other obligations including future advances and costs.

(c) The Customer will execute documents and do such further acts as may be required by SA Color to register the security interest granted to SA Color under these Terms and under
PPSA.

(d) The Customer agrees that:

i. the description of the Goods on any SA Color invoice will be a sufficient description of collateral for PPSA purposes.
ii. where SA Color has rights in addition to those under PPSA Chapter 4, those rights will continue to apply.
iii. SA Color may register any security interest granted by it including a PMSI.

(e) To the extent permitted by PPSA the customer waives the right to receive a copy of the verification statement confirming registration of a financing statement relating to any security
interest arising under these Terms and further waives all its rights, including any right to receive notice, under sections 95(1), 96, 117, 118(1), 120(2), 121(4), 123(2), 125, 128, 129,
130, 132, 134, 135, 142 and 143 of the PPSA.

(f) Until ownership of the Goods passes, the Customer must not give to SA Color a written demand or allow any other person to give SA Color a written demand requiring SA Color to
register a financing change statementunder the PPSA or enter into or allow any other person to enter into the register of personal property securities a financing change statement
under the PPSA.

(g) The Customer acknowledges that it has received value as at the date of first delivery of the Goods and has not agreed to postpone the time for attachment of the security interest (as
defined in the PPSA) granted to SA Color under these Terms.

1.3 PMSI PAYMENT RULES

For the purpose of PPSA section 14(6) payments by or on behalf of the Customer are to be applied in the following order:

(a) to obligations that are not secured (including interest and SA Color's costs and expenses), in the order in which those obligations were incurred;

(b) to obligations that are secured, but not by purchase money security interests, in the order in which those obligations were incurred;

(c) to obligations that are secured by purchase money security interests, first to interest and SA Color's costs and expenses of the relevant PMSI, in the order in which those obligations
were incurred.

(d) to other obligations that are secured by purchase money security interests, in the order in which those obligations were incurred.

1.4 CONFIDENTIALITY AGREEMENT

SA Color and the Customer agree that neither of them (and their employees) will disclose to a third party all or any of the information or documents which, but for this confidentiality
agreement, they would be obliged to disclose under PPSA, s. 275(1).