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AGREEMENT OF PURCHASE AND SALE

I hereby sell to Mr./Mrs __________________________ I.D No. ______________________________________ or(address) ________________________________________________________________________________ Work(address) _____________________________________________________________________________ (hereinafter referred to as the Purchaser) Telephone no: ___________________ WHEREAS The seller/Agent is desirous of selling the motor vehicle described hereunder (hereafter referred to as the vehicle) REGSITRATION NO: _______________________ COLOUR _________________________ MAKE AND MODEL: _______________________ YEAR OF MANUFACTURE: __________ CHASIS NO: ______________________________ ENGINE NO: ______________________ the Purchaser is desirous of purchasing the vehicle NOW THEREFORE the parties agree as follows:1. PURCHASE PRICE The purchase price is R ___________________________________________ 1.1 Payable as set out hereunder: A cash deposit of R ______________________________________________ Upon signature hereof:____________________________________________ 1.2 1.3 2. 2.1 The balance as follows: ___________________________________________ Or paid in cash and full settlement: R ________________________________ OWNERSHIP Ownership of the vehicle shall pass to the Purchaser upon signature hereof: _____________________________________________________________________________ 2.2 The Purchaser acknowledges that he has satisfied himself that ___________________________ _____________________ is the registered owner of the vehicle and the seller gives no warranty against eviction. 3.1 RISK (Applicable in case sold on terms) The risk in the said vehicle shall forthwith pass to the purchaser who shall remain liable to pay the full balance of the purchase price despite any damage or depreciation, loss or destruction of the said vehicle from whatsoever cause arising. RESTRICTION OF PURCHASERS RIGHT The purchaser shall not sell, cede, assign, transfer or pledge the said vehicle or allow it to become Subject to any lien of whatsoever nature of deliver possession thereof to any other person whilst ant portion of the purchase price remains unpaid. PLACE WHERE VEHICLE IS TO BE KEPT The purchaser shall inform the Seller in writing of the address at which the vehicle is to be kept and shall not while any portion of the purchase price remains unpaid, remove the said vehicle from the Republic of South Africa without the written consent of the Seller which consent shall not be unreasonably withheld.

3.2

3.3

VOETSTOETS The Purchaser hereby agrees that no warranties or representations have been given or made as to state condition or fitness of the said vehicle which he takes VOETSTOETS with all faults and aggress the accept all risks of whatsoever nature. The seller does not warrant that the vehicle is COR or would pass COR. THE SELLER/AGENT STANDS NO GUARANTEES ON ANY MECHANICAL; ELECTRICAL AND BODYWORK DEFECTS INCLUDING MILEAGE READINGS/RECORDINGS AND PREVIOUS HISTORY OF THE VEHICLE. REGISTRATION The purchaser must register the said vehicle within 21 days from the DATE OF SALE as per ROAD Traffic Ordinance to avoid inconvenience. Failing to do so the Seller or Agent will stand no responsibility thereafter in regard to registration for any documentation etc. which may bee called for. CANCELLATION Should the sale be cancelled due to any fault on the part of the Purchaser or be breached by the Purchaser, the Purchaser acknowledges that monies paid shall be forfeited to the seller as damages and that he shall be liable of all costs incurred by the seller as a result of an attorney and own client scale. SOLE AGREEMENT It is recorded and agreed that this document constitutes the sole agreement between that parties relating to the sale of the said motor vehicle and the parties agree that no agreement or undertaking altering or varying any provisions of this agreement shall be valid or binding upon either of them unless recorded in writing and signed by both parties. DOMICILIA The parties nominate the addresses as given as the domicilia et executandi for all purposes hereof. SIGNED AT ___________________ THIS _____ DAY OF _____________________ SELLER _____________________ PURCHASER ___________________________ WITNESS ___________________

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