IN CONSIDERATION OF Polyaire Pty Ltd, A.C.N. 007 673 690, (hereinafter referred to as “the Company”) granting the Customer (as named in the Application for Credit and which forms a part of this document) trade credit, I/WE GUARANTEE payment to the Company of all monies and performance of all obligations including any past, present and future indebtedness or obligation by the Customer or any of us arising from any past, present or future dealing with the Company.

I/WE HEREBY AGREE & ACKNOWLEDGE:

That this is a continuing guarantee and,

I/WE HEREBY CHARGE in favor of the Company all our estate and interest in any land and in any other assets, whether tangible or intangible, freehold or leasehold, in which I/we now have any legal or beneficial interest or in which I/we later acquire any such interest, with payment of all monies owed by the Customer to the Company. I/we shall, upon demand, execute such documents in registrable form, or do such other things as the Company requests to give further or better effect to the security granted by me/us to the Company and I/we consent to the lodging by the Company of a caveat or caveats which note its interest in or over any such land or other caveatable property. In the event that I/we should neglect or fail to deliver the requested instrument of security or consent, I/we hereby appoint the Company to be my/our lawful attorney for the purpose of executing and registering such instruments. 

I/WE FURTHER AGREE that this agreement shall be governed by and construed in accordance with the laws of the State of South Australia and, where applicable, the Commonwealth of Australia, and I/WE submit to the non-exclusive jurisdiction of the courts of South Australia. 

Notice of Disclosure of Your Credit Information to a Credit Reporting Agency 

I/WE ACKNOWLEDGE AND GIVE CONSENT that the Company may make enquiries as to the credit and financial situation of any of us and further consent to the use of any information obtained as a result of those enquiries, including information disclosed in the Credit Application, as the Company reasonably sees fit from time to time, and in accordance with the Australian Privacy Principles and the Credit Reporting Privacy Code, and for the duration of this agreement, including but not limited to; 

GENERAL

I/We have read and understood this document and have been advised, and given opportunity, to seek independent legal advice.