Credit Account Application Form

Section D – Personal Guarantee

I hereby irrevocably and unconditionally guarantee the payment to Rexel New Zealand Ltd, Trading as Ideal Electrical Suppliers,

(the Company) the payment of all moneys owing by the above company (the Buyer) and the performance of all the Buyers obligations

from time to time in accordance with the Company’s terms and conditions of sale. I acknowledge that the Company is supplying and

continuing to supply the Buyer at the request of the Guarantor/s, and that the Company might not have done so without the provision

of this personal guarantee. I agree that if the Buyer does not pay for any amount, or perform any obligation, in terms of goods or

services provided in accordance with the Company’s terms and conditions of sale are not recoverable by the Company, the Guarantor/s

will indemnify the Company against any resulting loss, and will pay the amount of any such loss to the Company as principal debtor and

on demand. I agree that the obligations as Guarantor/s are absolute and unconditional, and will not be released or in any way affected by:

any variation to the Company’s terms and conditions of sale;

any waiver or other concessions granted by the Company to the Buyer or any other Guarantor/s;

any insolvency of the Buyer; or

any other act, omission or rule of law which, were it not for this clause, might release a Guarantor.

I acknowledge that the Guarantor/s has/have either had independent legal advice prior to signing this personal guarantee or, if that has

not occurred, that is solely the Guarantor/s own choice which has been freely made, the Guarantor/s waive any rights which the lack

of such independent advice might otherwise provide.

Signature of Guarantor 1:

Full Name:

Address:

Date:

Signature of Witness:

Full Name:

Address:

Date:

Signature of Guarantor 2:

Full Name:

Address:

Date:

Signature of Witness:

Full Name:

Address:

Date:

Section E – Terms of Acceptance

I/we have read and understand the terms and conditions of trade and supply (sale) printed as attached hereto and agree

to be bound by those conditions as amended from time to time.

I/we authorise any person or company to provide you with such information as you may require regarding our trading history

and credit worthiness.

I/we understand that the information is required to determine whether or not you will accept an application for credit and that

if I/we do not provide all or any part of the information requested, the application may be declined.

I/we have read and agree to be bound by the personal guarantee, if application is from a Ltd Company as printed in this application. I/we understand that

I/we have rights of access to and correction of the information provided and authorise you to furnish to any third party details of this application and any

subsequent dealings that I/we may have with you as a result of this application being auctioned by you.

This application will cover all subsequent accounts opened by the legal entity in either section 1 or section 2 of this form.

I agree to receive news, updates and promotions regarding Ideal Electrical’s products and services. I can withdraw my consent at any time.

Signature of applicant

Please print name and designation of signatory

Completed forms can be submitted by email to: idealdebtors@ideal.co.nz

Or by post to: Ideal Electrical Suppliers, PO Box 13843, Onehunga, Auckland, 1643.

For Ideal Electrical use only:

Customer No:

Credit Limit:

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