ENROLMENT APPLICATION FORM – ADE P O Box 8210, WESTGATE, 1734, South Africa

Tel: (011) 760-3668 Fax: (011) 763-8648 E-mail: highereducation@edutel.co.za

Edutel Higher Education is provisionally registered with the Department of Higher Education and Training until 31 December 2020 as a private higher education institution under the Higher Education Act, 1997. Registration certificate No. 2017/HE07/001.

• By completing and submitting this enrolment application form, you are applying to be enrolled as a student for a course(s) offered by us.

• In this application, “we”, “us” or “our” refers to Edutel Higher Education (Proprietary) Limited and “you” or “your” refers to the individual described in section A of this application.

• This application includes the terms and conditions attached in Appendix 1. • You must complete all sections in full and sign in full where indicated in Section F. • You must provide us with a certified copy of your ID, latest salary advice and certified copies of your qualifications with

your application. Also include proof of computer literacy course, if attended. Please indicate whether you are a: Principal Deputy Principal HOD Educator Member of SMT

SECTION A STUDENT NUMBER (If you have enrolled with us before) YOUR PERSONAL DETAILS: Code TITLE: SURNAME: FIRST NAMES AGE Years SEX M F MARITAL STATUS SINGLE MARRIED DIVORCED WIDOWED RACE BLACK COLOURED ASIAN WHITE HOME LANGUAGE DISABILITY STATUS Y N If yes, please specify: _________________________________________________ CITIZEN STATUS SA CITIZEN OTHER IDENTITY NUMBER SACE REGISTRATION NUMBER POSTAL ADDRESS POSTAL CODE STREET ADDRESS POSTAL CODE TEL (H) - ) - CELL E-MAIL ADDRESS HOW WOULD YOU LIKE US TO COMMUNICATE WITH YOU POST FAX E-MAIL TELEPHONE

HOBBIES

E

If you are under the age of 18 or are married in community of property, your guardian or spouse (if applicable) must complete the following declaration: I, ___________________________________________________________________________ (full names) Identity Number: ______________________________________________________, as guardian or spouse (delete whichever is not applicable) of the student in Section A of this application, hereby declare that this application is being made with my permission, and that where I am the guardian I hereby bind myself as surety for, and co-principal debtor to the student in Section A of this application for the due and punctual performance of the said student’s obligation arising out of this agreement. Occupation: ____________________________________________________________________________________ Physical address: _______________________________________________________________________________ ______________________________________________________________________________________________ (Chosen address for service of legal and other processes) Work address: _________________________________________________________________________________ Signature: ____________________________________________ Date: ___________________________________

SECTION A (Continued) RELATIVE'S NAME (Not living with you) ..........................................................….…….….………………………….

ADDRESS ……………….............................………………………...............................................….…….….…... ……………………………………………………………………………………..… (POSTAL CODE TEL. (H) (.........) .............….….……… (W) (……..) ………………………..…FAX (.........) ..………..…......……… YOUR OCCUPATION ………………………………………………………………………………………………………….. YOUR EMPLOYER ..............................…………………………………………………………………………..………….. YOUR EMPLOYER'S ADDRESS ....................................................................................…………………....…….. ……………………………………………………………………………………… POSTAL CODE

TEL. (W) (……….) …………………………………………………… (F) (…………) ………………………………..

SECTION B YOUR SCHOLASTIC/TERTIARY QUALIFICATIONS: HIGHEST GRADE PASSED? GRADE OTHER CERTIFICATES COMPLETED: ......................................................................................................... DIPLOMAS COMPLETED: ………........................................................................................…………………... DEGREES COMPLETED: ……………………………………………………………………………………………….. ARE YOU COMPUTER LITERATE? YES NO DO YOU HAVE A CERTIFICATE OR PROOF THAT YOU HAVE COMPLETED A COMPUTER LITERACY COURSE? YES NO NOTE: PLEASE INCLUDE PROOF WITH THIS APPLICATION. DO YOU HAVE ACCESS TO A COMPUTER LAPTOP IPAD TABLET SECTION C

SECTION D Course required (Tick the option you choose) 1. ADE: School Leadership and Management

Do you prefer to make use of: Moodle (online (internet) learner management system) Not online (mail, e-mail, fax, etc.)

Course fee Cash: R21 090 OR Terms via Fundi Study Loan Loan amount

No of Instalments

Instalment amount

Tick your preference

R21 090 30 R994.74 Should you not qualify for a Fundi Study Loan, you can pay via Edutel debit order. Course fee: R26 362.50 Deposit required: R5 272.50 18 Instalments of R1 171.66 Students who pay cash or via Fundi Study Loans receive 20% discount on the course fee of R26 362.50. Note: Computer Literacy is a requirement in order to complete the ADE. Therefore, if you are not comp uter literate, we recommend that you attend the 2-day Co mputer Literacy workshop. If you are already comput er literate and have attended training before, include evidence with your application. 2. Computer Literacy – 2-Day workshop

Demonstrate basic computer literacy in school management – 10 PD Points

Indicate during which school holiday you would prefer to attend

SCHOOL HOLIDAY: December April July October

I acknowledge that I need to bring my own laptop an d modem to access the internet. ________________ Initial

Course fee: R1 500 cash Or Loan amount

No of Instalments

Instalment amount

Tick here if you choose this option

R1 500 12 R200.85

SECTION E May we contact you via sms/e-mail? Yes No

Which social media do you use? Facebook Twitter Whatsapp SMS Other __________________ If you have another number for Whatsapp other than the cellphone number you already listed, please indicate it here:

I am able to do the following on a computer: • Save a document in Word Yes No

• Save a document as a file Yes No

• Create folders to organise files Yes No

• Find saved documents Yes No

• Send e-mails Yes No

• Attach documents to e-mails Yes No

• Do research on the internet Yes No

SECTION F NAEDO Debit order AUTHORITY AND MANDATE FOR NAEDO PAYMENT INSTRUCTION S – Must be completed by all applicants, unless you pay cash for your course. A. AUTHORITY GIVEN BY: (NAME OF ACCOUNT HOLDER) ________________________________________________________ (ADDRESS) ___________________________________________________________________________________ BANK ACCOUNT DETAILS: BANK NAME __________________________________________________________________________________ BRANCH NAME AND TOWN _____________________________________________________________________ BRANCH NUMBER ACCOUNT NUMBER TYPE OF ACCOUNT: CURRENT (CHEQUE)/SAVINGS/TRANSMISSION)* *(DELETE WHERE NOT APPLICABLE) DATE: ____________________________________________ TO: (NAME OF BENEFICIARY) __________________________________________________________________ (ADDRESS) __________________________________________________________________________________ _____________________________________________________________________________________________ REFER TO OUR CONTRACT DATED ________________________________________ (“the Agreement)” I/We hereby authorise you to issue and deliver payment instructions to your banker for collection against my/our abovementioned account at my/our abovementioned bank on condition that the sum of such payment instructions will never exceed my/our obligations as agreed to in the Agreement.

SECTION G Credit Card Option (5.7% Levy Payable) Type: VISA MASTER OTHER Total Cash Amount R - Budget Account 3 Months 6 Months 12 Months 24 Months Name as it appears on card: _____________________________________________________________________ Credit Card Number Expiry date on Credit Card Last three digits on back of credit card Signature of Cardholder: _________________________________________________________________________

SECTION H

By signing below you will be signifying your acceptance of the Terms and Conditions that apply to this application, being those set out in Appendix 1 to this application. SIGNED AT ……………………………………….. ON THIS ………DAY OF ……………………… YEAR……… SIGNATURE OF STUDENT ..................................................................................

Please indicate the nearest centre where you wish to attend contact sessions including your orientation session and computer literacy should you have registered for the computer literacy workshop during school holidays (pending numbers). Dates and further information will be mailed to you in due course. Please note that a contact session will only take place if there are a sufficient number of bookings. If there is not sufficient numbers you could be directed to a venue nearest to the one you indicated. You examinations will also be written at the centre you indicate. New examination centres can be considered pending the number of students wanting to write examinations at these centres. A written request can be directed to the Examination Officer of Education. GAUTENG EASTERN CAPE Johannesburg Mthatha Pretoria East London FREE STATE KWAZULU NATAL Bloemfontein Durban LIMPOPO Empangeni Polokwane Kokstad NORTHWEST PROVINCE MPUMALANGA Klerksdorp Nelspruit Mafikeng Other _________________________________ Province: ___________________________

CONTACT CENTRES (Select one only)

EXAMINATION AND CONTACT CENTRES:

APPENDIX 1 TERMS AND CONDITIONS

Your Enrolment 1. If this Application is accepted by us, it will, from the time of acceptance, become a valid and binding contract

between us and you. Our Responsibilities 2. We will, as soon as possible after receiving this Application, consider it and notify you whether or not it has been

accepted. 3. If this Application is accepted, we will make sure that you receive, in good time, the appropriate study material for

the Course. 4. We will ensure that all approvals of the Education and Training Quality Assurance bodies (“ETQAs”) in relation to

the Course are retained. 5. We will ensure that such appropriately qualified personnel as are necessary for the conducting of the Course are

assigned to you. 6. Once you have met the requirement of the course you will be issued with an Advanced Diploma Certificate.

Should you register for the 2-day Computer Literacy workshop, you will be issued with a Certificate of Attendance at the end of the workshop.

7. We will grant you two years to complete the course you have registered for. Your Responsibilities 8. You must, if we require it, make available to us the originals of all documents relevant to this Application. You

must take note of the requirements for the Course, as well as the minimum requirements in order to pass the Course.

9. You must also avail yourself of all contact session times and venues in relation to the Course. 10. It is your responsibility to ensure that assignments reach us, or the institute concerned on time. 11. The student also agrees to register with SACE for CPTD in line with the implementation time frame of SACE.

Edutel will not be able to upload CPTD points earned, should you not have registered yourself with SACE for this purpose, and confirmed your registration with Edutel by providing Edutel with the necessary registration details.

12. The responsibility lies with you to make sure whether your course will earn CPTD points or not. All CPTD bearing courses are listed on this application form and by signing it, you confirm that you have taken notice of them.

13. It is the responsibility of the student to confirm with his/her employer whether the course would be recognised, as Edutel cannot guarantee such recognition.

14. You agree to inform your employer about the fact that you have registered for this course and you will ensure that you will get yourself a mentor in your workplace to mentor you on the performance criteria of the course you have registered for. You will ensure that the mentor meets the requirement of a person having a proven track record in the qualification you have registered for. You also agree to inform Edutel in writing as to who this mentor is and provide us with a copy of your mentor’s CV, confirming his/her competence in this regard. You will also make sure that the mentor is prepared to be capacitated by Edutel and will attend two, 3-day contact sessions per year with you. The mentor must be willing to observe and assist you in the workplace as required by the course. If Edutel does not approve of your mentor, you will need to seek a mentor who meets the criteria set by Edutel.

15. It will be your responsibility to register for examinations and contact sessions and to make sure your registration was accepted.

16. If you are not a member of a SMT (School Management Team) you will ensure that you inform your principal that you have enrolled for the ADE and request to form part of the SMT.

17. I acknowledge that I am aware of the fact that I need to be ICT competent at level 5 in order to complete my course successfully and that I need to provide Edutel with evidence that I am ICT competent.

18. If you register for the 2-day Computer Literacy workshop you must bring your own laptop and modem to the workshop.

19. I acknowledge that I need access to a computer to do (some/all of) my assignments. 20. I acknowledge that I need to bring my own laptop and modem for orientation and contact sessions. 21. I acknowledge that all travelling, meals and accommodation costs when attending workshops or contact sessions

will be for my own account. Fees 22. You must pay the fees for the Course in accordance with Section D of this Application. 23. First-time assessment fees are included in the Course fees. Re-assessment fees need to be paid separately if

you are found not competent the first time. 24. Should you choose to make use of the Fundi/Student loan (stop order facility) or debit order and Fundi doesn’t

approve of your application, you hereby give Edutel the right to deduct your course fee from your bank account. Learning material will only be provided once we have received 4 monthly instalments (should you not pay the required deposit as set out in Section D). Edutel charges no interest.

25. Your study period will not be extended but will remain 2 years in case of credit bearing courses. If you have not paid cash or a deposit, and we deducted your deposit from your bank account in instalments, the deposit payment period will be included in your 2 year study period.

26. If any debit order remains unpaid, your study period will not be extended. 27. You will not be able to attend contact sessions or write examinations if your account is in arrears. 28. We will not assess your portfolios or tests if your account is in arrears. 29. If you register for the Computer Literacy workshop, you will only be entitled to attend the workshop once.

Your Declarations 30. You declare that – 30.1 the information provided in this Application is both true and correct; 30.2 all copies provided are true copies of the originals thereof; and 30.3 you are aware of the curriculum and qualification of the Course. Copyright 31. Copyright subsists in all study material provided to you in relation to the Course. Any unauthorised reproduction

or adaptation thereof will constitute an act of copyright infringement, leaving the offender liable for civil law copyright infringement and, in certain circumstances, criminal prosecution.

Your Right to Cancel 32. You may cancel your enrolment at any time, provided you do so in writing. 33. If you exercise your right to cancel in terms of paragraph 31 above within 14 (fourteen) days of registration, you

will be charged a cancellation fee of R972.00 inclusive of VAT, but will have no other financial obligation towards us.

34. If you exercise your right to cancel in terms of paragraph 31 above, more than 14 (fourteen) days after registration, you will remain liable for the full course fees.

Legal Action 35. You hereby consent to the jurisdiction of the Magistrates’ Court for purposes of any legal action we may take

against you as a result of your failure to comply with any of your obligations in terms of this Application. 36. You accept and agree that, if we take any legal action against you, you will be liable for any, and all costs incurred

by us in doing so, including costs on an attorney and own client scale. 37. A certificate signed by any of our managers (whose designation, appointment or authority it shall not be necessary

to prove), as to the existence and amount of your indebtedness to us at any time and/or any other fact matter or thing relating to your indebtedness to us, shall be prima facie proof of the contents and correctness thereof and of the amounts of all your indebtedness for the purposes of provisional sentence or summary judgment, or any other proceedings against you in any competent court and shall be valid as a liquid document for such purposes.

General Terms 38. You accept and agree that the street address provided by you in Section A of this Form shall be your chosen

address for service of legal and other process arising from this Application. 39. You cannot transfer or delegate any of your rights or duties under this Application, or under any part hereof,

without our written consent. 40. We can transfer or delegate any of our rights and duties under this Application, or under any part hereof, upon

notice to you. 41. In case of distance learning programme, you nominate the South African Post Office as the only agent to be used

by Edutel to dispatch your learning material to you. Applicant’s signature: ________________________________________________________________________ Date: ________________________________________

Fundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Tax InvoiceVAT No: 455A176798 | Initiation & admin fee are VAT inclusive

LOANS APPLICATION FORMCall Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Emai l: fu ndiappl ications@fundi.co.zawww.fundi.co.zaVersion Nurnber 2

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lf details correspond with the above, just tick the box {if applicant / student is

the same person). tlTitle:

Surname;

Full names:

lD No:

Emailaddress:

Tel (work):

Cell:

Gourse Faculty:

University orlnstitution:

Student No:

Course studying:

Year of Study:

Course type:

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Payment of the loan amount and foreign transfer payment ismade directly by the Credit Provider to the $ervice Providenlf the Student cancels his/her studies at the Service Provider,any credit on the Student's account will be credited to Fundi'saccount to offset administration costs incurred.

Loan amount:

lnterest:

Initiation fee (charged upfront; incl. VAT):

Total monthly service fees (included in instalment; incl. VAT):

Total amount repayable:

Number of monthly instalments:

Monthly instalment amount:

Annual lnterest Rate:

Repayment Sghedule: ,-*.----.-- --i.--.

Repayment Date: fl-his date is th,g gg,ng- .1g "!"h."q AqP_!iq,3nL? salary date.) i. i,, . l. "

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0018

3

“Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005 Fundi Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07

LOANS APPLICATION FORM

Applicant

D D / M M / Y Y

Spouse(if married in Community of Property to Applicant)

D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2

By signing this Application Form, the Applicant confirms that the information provided therein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Call 0860 55 55 44 for assistance in completing this form.

A6

OFFICE USE ONLY

Commission agent code:

Agent’s Name: ID:

Signature of Credit Provider Representative Date:

COMMUNICATION OPTIONS (Applicant preferences)■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be excluded in the Credit Provider's distribution of marketing material.

■ Where did you hear about us:

Yes No■ BUSINESS COMMUNICATION. Preferred method of communication:

Mobile SMS Email Ordinary Mail

BANK ACCOUNT DETAILS

Name of the Bank:account holder:Branch code: Account No:Type of account: Salary Date:Preferred date of Salary deduction first deduction: reference number:Debit Order reference number: EDU-LOAN (Loan Account Number)

LOANS APPLICATION FORMFundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Call Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Email: fundiapplications@fundi.co.zawww.fundi.co.zaVersion Number 2

Tax InvoiceVAT No: 4550176798 | Initiation & admin fee are VAT inclusive (Formerly known as Edu-Loan)

1. THE EDUCATIONAL LOAN AGREEMENT (“the Loan Agreement”)1.1 TheLoanAgreementconsistsofPartA,beingthePre-agreementStatement,QuotationandRepaymentScheduleaswellasthisPartB,beingthetermsandconditions,andinthecase

ofEquipmentFinance,includestheEquipmentApplicationFormattachedhereto,oncesignedbytheParties,anditistheonlyrecordoftheissuesaddressedherein.1.2 TheLoanAgreementisenteredintobyandbetweenFundiCapital(Pty)Ltd(“theCreditProvider”)andtheApplicantdetailedinPartA.1.3 TheCreditProviderisregisteredintermsoftheNationalCreditActNo.34of2005(“NationalCreditAct”)undernumberNCRCP158.1.4 ThesupplyoftheEquipmentintermsoftheFundiToolsApplicationFormattachedhereto,isenteredintobyandbetweenEdu-LoanTechnologies(Pty)LtdandtheApplicant

detailedinPartA.1.5 TheApplicantunderstandsthat:

1.5.1 ThetermsandconditionsapplicabletotheLoanAgreementwillatalltimesbesubjecttotheprovisionsoftheNationalCreditAct.1.5.2 ThetermsandconditionsapplicabletothesaleoftheEquipmentwillatalltimesbesubjecttotheConsumerProtectionActNo.68of2008.

1.6 “PrimeInterestRate”meansthepubliclyquotedvariableannualbasicrateofinterest,publishedfromtimetotimebythebankersoftheCreditProviderasbeingtheirprimerateandascertifiedbytheauditorsoftheCreditProvider,whoseappointmentitshallnotbenecessarytoprove.DetailsofsuchbankerswillbeprovidedtotheApplicantwhensorequestedinwriting.

1.7 “Applicant”meansthepersonwhosedetailsarereflectedonPartAoftheApplicationFormwhethercapturedonpaper,orviaelectronicmeanssuchasvoicerecordings,computergeneratedandcaptureddataorsimilarmeans.

2. PAYMENTS2.1 TheRepaymentSchedulecontainedinA4ofPartAsetsouttheinformationrelatingtothecreditextended.2.2 TheApplicantmustmakeconsecutivemonthlypaymentstotheCreditProviderthataredueandpayableintermsofthisLoanAgreementonorbeforetheRepaymentDate(whichdateis

thesameastheApplicant’ssalarydate)withoutset-offordeduction.2.3 TheCreditProviderwillcrediteachpaymentmadeundertheLoanAgreementtotheApplicant’saccountonthedateofreceiptofthepaymentasfollows:

2.3.1 firstly,tosatisfyanydueorunpaidinterestcharges;2.3.2 secondly,tosatisfyanydueorunpaidfeesorcharges;2.3.3 thirdly,toreducetheamountoftheprincipaldebt.

2.4 TheCreditProviderwillmakethepaymentoftheLoanAmount,assetoutinA4ofPartAtotheServiceProvider.“ServiceProvider”referstotheEducationalInstitution,EduxtrasDebitCardoranyotherthirdpartythatprovidesservicesorgoodsrelatedtoandforaneducationalpurposeandasapprovedbytheCreditProvider.

2.5 TheEducationalInstitutionswillnotbepermittedtorefundanyofthefundspaidtoitbytheCreditProvidertothestudentortheApplicant.TheunusedfundswillbetransferredbacktotheCreditProviderandcreditedagainsttheApplicant’saccount.TheCreditProviderwillthereafterrefundtheApplicantintothebankaccountprovidedforinA5ofPartAorifamendedintothelatestbankaccountprovidedtotheCreditProviderinwriting,ifsuchrefundisduetotheApplicant.

2.6 TheApplicantmaymakeadditionalpaymentstosettletheLoanAgreementearlyorpaymonthlyinstalmentsearlierwithoutgivinganynoticeorpayinganypenaltytotheCreditProvider.2.7 Thesalaryand/ordebitorderdeductions,whicheverisapplicable,willbealignedwiththeRepaymentDateasdirectedbytheApplicantinA5ofPartA.2.8 TheApplicantundertakestoinformtheCreditProviderinwritingofanychangesrelatedtohis/herpaymentmethodand/orhis/heremploymentstatus.

3. COSTS, FEES AND CHARGES3.1 TheinterestandfeesonamountsinarrearswillbethesameastheinterestrateandfeeschargedinrespectoftheLoanAgreement.3.2 TheCreditProvidermaychargeandrecoverthefollowingfeesinrespectoftheLoanAgreementprovidedthatthesefeesdonotexceedtheprescribedlegalmaximumintermsofthe

NationalCreditAct:3.2.1 AninitiationfeeinrespectofthecostsofinitiatingtheLoanAgreementwhichwillbeleviedonthedatetheLoanAgreementissigned.ShouldtheApplicantwishtopaythe

initiationfeeupfront,kindlycall0860555544forassistance.IftheApplicantisunabletopaytheinitiationfeeupfront,theCreditProviderwillreflecttheinitiationfeeseparatelyontheLoanAgreementandwillnotchargeinterestontheinitiationfee;

3.2.2 AmonthlyservicefeerecoverablebytheCreditProviderinconnectionwiththeroutineadministrationcostofmaintainingtheLoanAgreementwillbeleviedattheendofeachmonthtowhichitrelates;

3.2.3 DefaultadministrationchargestocoveradministrationcostsincurredasaresultoftheApplicantdefaultingonobligationsundertheLoanAgreement;3.2.4 Collectioncosts,beingamountsthatmaybechargedbytheCreditProviderinrespectoftheenforcementoftheApplicant’smonetaryobligationsundertheLoanAgreementnot

exceedingthemaximumamountdeterminedbytheNationalCreditAct,anddoesnotincludedefaultadministrationcharges.3.3 TheApplicantacknowledgesthattheinterestrateisapreferentialinterestratebasedontheApplicant’sriskprofile.3.4 Theinterestrateapplicabletoallagreements,excludingEquipmentfinanceagreements,isfixedfortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegal

maximumintermsoftheNationalCreditAct.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedmonthlyinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

3.5 ThevariableinterestrateapplicabletoEquipmentfinanceislinkedtothePrimeInterestRatefortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegalmaximumintermsoftheNationalCreditAct.Ifatanytime,andtotheextentthat,theinterestratedoesexceedthelegalmaximumintermsoftheNationalCreditAct;thentheinterestrate(beinglinkedtothePrimeInterestRate)shallbereducedaccordingly.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedattheendofthemonthonamonthlybasisinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

ANNEXURE: TERMS AND CONDITIONS PART B

0018

3

4. EARLY SETTLEMENT AND ACCOUNT TERMINATION BY APPLICANT4.1 TheApplicantunderstandsthathe/shemayatanytime,andwithoutpenalty,terminatetheLoanAgreementbypayingthesettlementamountowedtotheCreditProvider.4.2 ShouldtheApplicantdecidetosettleorterminatetheLoanAgreement,arequestforasettlementamountmaybemadetotheCreditProvideratthecontactnumber0860555544.

ThesettlementamountprovidedbytheCreditProvidershallbethetotaloftheunpaidbalanceoftheprincipaldebt,theunpaidinterestchargesandallotherfeesandchargesuptothesettlementdate,andfurther,willbevalidfortheperiodstatedonthesettlementletterprovidedtotheApplicant.

4.3 Takenotethatthecancellationofthesalarydeductioninstruction,duetotheearlysettlementand/oradditionalpaymentsmadeontheaccountbeforethedateofthelastinstalmentagreedtobytheParties,maytakeupto2(two)months.However,anyinstalmentreceivedbytheCreditProviderduringthisperiodaftertheloanhasbeensettledinfullwillberefundedtotheApplicantifduetohim/her.

4.4 Notwithstandingtheprovisionsof4.1and4.2above,inordertovalidlycanceltheLoanAgreementtheApplicantmustcanceldirectlywiththeEducationalInstitutionaswellaswiththeCreditProviderbyprovidingawrittennoticeofcancellationand/ortermination.

4.5 ShouldcancellationorterminationoftheloantakeplaceafterthefundshavebeenpaidovertotheServiceProvider,whetherornotaconfirmationsliphasbeenissued,theApplicantwillbeliabletopayoverthefundstotheCreditProvider.

5. STATEMENTS5.1 TheApplicantrequeststhattheCreditProviderissuesstatementsofaccount(“statement”)atthree-monthintervals.5.2 TheCreditProviderwillmakeavailabletotheApplicantastatementonanyexistingloan,settingoutallchargeslevied,allpaymentsreceivedandthebalanceoutstanding.Thisstatement

ofaccountcanbeviewedandprintedfromthewww.myFundi.co.zaafterregisteringasauser.5.3 TheApplicantmaydisputeallorpartofthestatementprovidedforbysendingtheCreditProviderawrittennoticetothiseffect.

6. DEFAULT AND DEFAULT ADMINISTRATION COSTS 6.1 DefaultintermsofthisLoanAgreementoccursif:

6.1.1 TheApplicantfailstomakepaymentsthataredueintermsoftheLoanAgreement;6.1.2 TheApplicantfailstocomplywiththetermsandconditionsoftheLoanAgreement;6.1.3 AnadministrationorderinrespectoftheApplicantorhissuretyisissued;6.1.4 AjudgmentisgrantedagainsttheApplicantandsameisnotsettledorrescindedwithin30(thirty)daysfromthedatethereof;6.1.5 TheApplicantfurnishesanyincorrectand/oruntrueinformationregardinghimselfand/orhisfinancialpositiontotheCreditProvider.

6.2TheCreditProvidermaytracktheApplicant’saccounteverydayuntiltheApplicanthasrepaidtheloanadvancedintermsofthisLoanAgreementinfull.ANAEDO(Non-Authenticated 6.EarlyDebitOrder)trackerwillbeplacedontheApplicant’saccountintheeventthereisanymoneyinarrearsandtheApplicantauthorisestheCreditProvidertocollecttheamountin 6.arrearsbywayofaNAEDOdebitorder. 6.3Implicationofdefaultmentionedin6.1: TheCreditProviderwillprovidetheCreditBureauxwithinformationaboutthenegativepaymenthistoryoftheApplicant,whichwillaffecttheApplicant’spaymentprofileattheCreditBureaux.ThismaynegativelyaffecttheApplicant’screditstatusatanyorganisationmakingenquiriesattheCreditBureaux.Also,legalactionprocess,whichmayresultinadditionalcoststotheApplicantandasdetailedbelowin6.4,willbeinstitutedagainsttheApplicant.

6.4 IntheeventthattheApplicantdefaults,thefollowingprocesswillbefollowedbytheCreditProvider:6.4.1 ProvidetheApplicantwithwrittennoticeofsuchdefaultdemandingthattheApplicantrectifythedefault;and6.4.2 Advisehim/herthathe/shemayreferthisLoanAgreementtoadebtcounsellorandanalternativedisputeresolution,consumercourtor,ifapplicable,anombudwithjurisdiction;6.4.3 TheCreditProvidermayrequirepaymentbytheApplicantofdefaultadministrationchargesinrespectofeachletternecessarilywrittenintermsofPartCofChapter6ofthe

NationalCreditAct.SuchpaymentmaynotexceedtheamountpayableinrespectofaregisteredletterofdemandinundefendedactionintermsoftheMagistrates’CourtsAct,1944inadditiontoanyreasonableandnecessaryexpensesincurredtodeliversuchletter.Inaddition,andifapplicable,theCreditProvidermaychargecollectioncosts,whichmaynotexceedthecostsincurredbythecreditproviderincollectingthedebt–

(a) totheextentlimitedbyPartCofChapter6oftheNationalCreditAct,and(b) intermsof:(i)theSupremeCourtAct,1959,(ii)theMagistrates’CourtAct,1944,(iii)theAttorneysAct,1979;or(iv)theDebtCollector’sAct,1998,whicheverisapplicableto

theenforcementoftheLoanAgreement.6.4.4 TheCreditProvidermayapproachthecourtforanordertoenforcetheLoanAgreementonlyif,atthattime,theApplicantisindefaultandhasbeenindefaultundertheLoan

Agreementforatleast20(twenty)businessdaysand:(a)atleast10(ten)businessdayshaveelapsedsincetheCreditProviderdeliveredanoticetotheApplicantascontemplatedinSection86(9),orSection129(1)oftheNationalCreditAct,asthecasemaybe;(b)inthecaseofanoticecontemplatedinSection129(1),theApplicanthas–(i)notrespondedtothatnotice;or(ii)respondedtothenoticebyrejectingtheCreditProvider’sproposals.

6.4.5 TheCreditProviderwillprovidetheApplicantatleast20(twenty)businessdays’noticeofitsintentiontoreporttotheCreditBureauxadverseinformationabouttheApplicant’sdefaultbehaviourorenforcementactiontakenagainsttheApplicant.

6.4.6 TheCreditProvidermayreportadverseinformationabouttheApplicant’sdefaultbehaviourorenforcementactiontakenagainsttheApplicanttotheCreditBureauxiftheApplicantdoesnotbringthepaymentsdueundertheLoanAgreementuptodatewithinthe20(twenty)businessdays’notice.TheApplicant’screditprofileattheCreditBureauxandcreditworthinessmaybenegativelyaffectedbytheadverseinformationheldbytheCreditBureaux.

6.4.7 TheCreditProvidermayrequesttheServiceProvider,iflegallypossibleandatthesoleandabsolutediscretionoftheCreditProvider,towithholdtheacademicresultsoftheStudentintermsoftheagreementbetweentheCreditProviderandtheServiceProvider.

6.5 IntheeventofsuchdefaulttheCreditProviderwillbeentitledatitsownandabsolutediscretionandafterconsultation,toextendtherepaymentperiodagreedtoinPartAforarequiredperiodofmonthsneededtorepaytheloaninfullnotallowingtheinstalmenttoexceedtheinstalmentagreedtoinPartAexceptwheretheinstalmentdueislessthanagreedto.

6.6 Theinterestiscalculatedandchargedasmorefullydetailedin3.3.and3.4aboveandisdebitedtotheApplicant’saccountasagreedinA4andA5ofPartA.

7. ACCOUNT TERMINATION BY CREDIT PROVIDERIntheeventofadefaultasmentionedin6,theCreditProvidermayterminatetheLoanAgreementaccordingtotheprovisionsoftheNationalCreditAct.

8. ADDRESSES FOR RECEIVING OF DOCUMENTS8.1 TheApplicantchoosesthephysicaladdressasprovidedinPartA,fortheservingoflegalnotices.Thepostaladdresswillbeusedforthesendingofothernoticesanddocumentation,

forexamplethestatementofaccountifnoemailaddresshasbeenprovidedbytheApplicantinPartAoftheLoanAgreement.8.2 TheCreditProviderchoosesitsphysicaladdressassetoutinPartAoftheLoanAgreementfortheservingoflegalnoticesandotherdocumentationortheApplicantmayforwardsuch

documentationtolegal@Fundi.co.zaorfaxitto0866324445.8.3 Bothpartiesagreetoinformtheotherofthechangeofthenoticeaddress,postaladdress,telefaxnumberoremailaddressassoonaspossibleafteranysuchchange.Thechangewillbe

effectiveonthe5th(fifth)businessdayafterreceiptofsuchnotice.8.4 ThepartiesagreethatthenoticewillonlybevalidifitisinwritingandsenttotheaddressasstipulatedinPartAoftheLoanAgreement.

9. INFORMATION DISCLOSURE9.1 TheCreditProvidershallnotdiscloseanyconfidentialinformationobtainedinthecourseofexecutingtheLoanAgreementtooutsidethirdpartiesunlessobligedtodosobylaworacourt

orderorwhereconsenthasbeenprovidedintermsofthesetermsandconditionsandasrecordedinthisPartBoftheLoanAgreement.9.2 ByenteringintotheLoanAgreementtheApplicantacknowledges,agreesand/orcondonesthattheCreditProvidermayprovidetoanyoftheCreditBureauxlistedin9.6below,any

adverseinformationintheformatprescribedbysuchCreditBureauxandprovidedforbytheNationalCreditAct.SuchCreditBureauxprovideacreditprofileandpossiblyacreditscoreonthecreditworthinessofthepersonsubjecttotherecord.

9.3 TheApplicantconsentstotheCreditProviderforwarding,atitssoleandabsolutediscretion,adverseinformationrelatingtotheLoanAgreementtotheServiceProviderand,withoutlimitingtheforegoing,intheeventofdefaultoriftheStudentand/ortheApplicantisreasonablybelievedtohavefraud.

9.4 TheCreditProvidermayprovidedetailstotheSouthAfricanFraudPreventionServices(“SAFPS”)ofanyconductontheApplicant’saccountorLoanAgreementthatgivestheCreditProviderreasonablecausetosuspectthattheconductisofafraudulentnature.

9.5 Bymakingtheapplicationforfundingonthetermssetherein,theApplicantconsentsand/orratifiestotheCreditProviderobtainingfromtheCreditBureauand/orNationalLoanRegistertheApplicantscreditrecordandpaymenthistoryand,withoutderogatingfromtheforegoing,thattheCreditProvidercanelectnottoprovidethefinanceappliedforimmediatelyonreceiptofanyinformationthattheApplicanthasfailedhis/heraffordabilitytestasprescribedbytheNationalCreditAct.

ANNEXURE: TERMS AND CONDITIONS (CONT.) PART B

“Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005. Fundi Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07

Race (Research Black Asian Gender:

Female Marital status:

Married COP ANC No. of Dependants:and Reporting Coloured White Male Single Divorced Widowed on Statistics):

Surname: Tel (work):

Name: Tel (home):Physical Tel (Payroll officer):address:(domicile)

Code:

Employee No:

Email address:

Title: ID No:APPLICANT’S DETAILS

A1 Cell:

Employer:

Occupation: Years in service:

Income Status: Permanent Contract worker Temporary

Postaladdress:

Code:

If details correspond with the above, just tick the box (if applicant / student is the same person).

Title:

Surname:

Full names:

ID No:

Email address:

Tel (work):

Cell:Course Faculty:

STUDENT’S DETAILS

A2

Fundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Call Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Email: fundiapplications@fundi.co.zawww.fundi.co.zaVersion Number 2

LOANS APPLICATION FORM

Tax InvoiceVAT No: 4550176798 | Initiation & admin fee are VAT inclusive

QUOTATION:

Accommodation Loan

Book Loan Educational Tools (For example laptop or tablet)

Study Loan International Study Loan (refer to Point 11 on the T&Cs).

Payment of the loan amount and foreign transfer payment is made directly by the Credit Provider to the Service Provider.If the Student cancels his/her studies at the Service Provider, any credit on the Student’s account will be credited to Fundi’s account to offset administration costs incurred.

A4

Loan amount:

Interest:

Initiation fee (charged upfront; incl. VAT):

Total monthly service fees (included in instalment; incl. VAT):

Total amount repayable:

Number of monthly instalments:

Monthly instalment amount:

Annual Interest Rate:

R

R

R

R

R

R

,

,

,

,

,

,

,%

APPLICANT’S INCOME INFORMATIONMonthly gross salary (i.e. before company deductions and other company contributions)

Net monthly company salary (cash salary) (i.e. after company deductions and tax)

Other income (i.e. maintenance, pensions, rental income, etc.)

Total monthly expenses (i.e. food, clothes, insurance, housing etc.)

Other monthly debt repayments (i.e. home loan, car loan, other loans)

Disposable (Net) income

R

R

R

R

R

R

,

,

,

,

,

,

A3

COMMENTS RELATING TO INCOME

Are you currently under or have you applied for debt review, sequestration, liquidation or administration? Yes NoIf married in community of property, is your spouse currently under or has applied for debt review, sequestration, liquidation or administration? Yes No

PAYMENT HISTORY

PAYMENT OR DEBIT ORDER INFORMATIONThe Parties agree that the Credit Provider will advance the Loan Amount to the Applicant and pay it to the above Educational Institution for the above student. The Applicant undertakes to repay the Total Amount repayable in the number of monthly instalments as detailed in the Repayment Schedule above. Where applicable, the Applicant authorises his/her Employer specified above to deduct the monthly instalments from his/her salary. Any charges levied by the Employer to effect the salary deduction will be for the account of the Applicant and the Employer will recover the costs directly from the Applicant’s salary. If the Credit Provider does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises the Credit Provider to deduct the monthly instalments from the bank account specified below via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified below. The Applicant will ensure there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. The Credit Provider may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should the Credit Provider become aware of a change to the salary date or the bank account details of the Applicant, the Credit Provider has the right to change the debit order details accordingly. The Applicant agrees to let the Credit Provider know of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the repayment amount. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that the Credit Provider may deduct the repayment amount from the Applicant’s salary or debit the Applicant’s bank account on the first business day thereafter. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to the Credit Provider. The Applicant acknowledges that the Credit Provider may cede or assign (give) this debit order authority and mandate to a third party or another credit provider if it has also ceded or assigned the Loan Agreement to that third party or credit provider.

A5

Repayment Schedule:

Repayment Date: (This date is the same as the Applicant's salary date.)

The first payment will begin on and monthly thereafter for

months with the final payment to be made on

(Formerly known as Edu-Loan)

1 2 3 4+

University or Institution:Student No:

Course studying:

Year of Study:

Course type: Certificate/Diploma Undergraduate Post-

Other GraduateSame as applicant

Initial:

Applicant Spouse

0018

3

Initial:

Applicant Spouse

9.6 TheApplicanthastherighttocontacttheCreditBureauwiththefollowingcontactdetailstohavetheApplicant’srecorddisclosedandtorequestthecorrectionofinaccurateinformation:

CompuscanTelephone:0218886000Email:info@compuscan.co.za

Expert Decision Systems XDS Telephone:0116459100Email:info@xds.co.za

Experian Credit BureauTelephone:0861105665Email:info@experian.co.za

TransUnion CreditTelephone:0112146000Email:Disputeinfo@transunion.co.za

10. DISPUTE RESOLUTION10.1 TheApplicantagreesthatintheeventofanydisputeorcomplainthe/shewillinformtheCreditProviderthereofinwritinginordertoresolvetheissueathand.TheApplicantmay

forwardthenoticetolegal@Fundi.co.zaorfaxitto0866324445.10.2 IntermsoftheNationalCreditActtheApplicantmayalsoattempttoresolveanycomplaintordisputeregardingtheLoanAgreementby:

10.2.1 alternativedisputeresolution;10.2.2 referringthecomplaintordisputetotheNationalCreditRegulatorestablishedintermsoftheNationalCreditAct;or10.2.3 bymakinganapplicationtotheNationalConsumerTribunalestablishedintermsoftheNationalCreditAct.

10.3 TheNationalCreditRegulatormaybecontactedon0860627627/info@NCR.org.zaandtheNationalConsumerTribunalmaybecontactedat0126635615/0860627627.

11. PAYMENTS TO INTERNATIONAL EDUCATIONAL INSTITUTIONS11.1 TheCreditProviderwillfinanceSouthAfricanstudentsstudyingabroadaswellasforeignstudentsstudyinginthedesignatedcountryorabroad.TheApplicantmust,however,workand

resideinSouthAfrica.11.2 TheCreditProviderwillmakeallpaymentsintheSouthAfricanRandcurrencyandintermsoftheSouthAfricanBankingandpaymentsystem.Foravoidanceofdoubt,themonies

stipulatedintheloanapplicationwillbepaidinSouthAfricanRandsdirectlytotheInternationalEducationalinstitution.Intheeventofashortfallinthefeesduetocurrencyfluctuationsorforeignexchange,theApplicantwillbeliabletopaytheInternationalEducationalinstitutiontheoutstandingamounts.

11.3 TheApplicantwillresponsibleforallbankcharges.11.4 Loanpaymentswilltakeupto45daysfromdateofapprovaltobepaidintotheInternationalEducationalInstitutionaccount.11.5 TheCreditProvidermayatanytimeoffsetexchangeratefluctuationsforpaymentstoInternationalEducationalInstitutions.

12. WARRANTIES IN RESPECT OF EQUIPMENT12.1 FundiTechnologies(Pty)LtdwarrantsthatthewarrantyontheEquipment,whichisgivenbytheServiceProvider,isvalidforaperiodof____year(s)fromthedateofdelivery

oftheEquipmentbytheServiceProvidertotheStudent.Theaccessories(ifany)totheEquipment,alsogivenbytheServiceProvider,isvalidfor_______year(s).12.2 ThewarrantyonEquipmentspecificallyexcludescrackedscreensandanyformofnegligencebytheApplicantand/orStudent,detectedbytheServiceProvider.12.3 TheApplicantwarrantsthattheStudentwillbeandremainthebeneficiaryoftheEquipmentuntiltheloanadvancedhereinhasbeensettledinfull.

13. GENERAL13.1 AnyagreedchangestothisLoanAgreementwillbemadeinwritingandsignedbybothpartiestotheagreementorelectronicallyvoicerecordedbytheCreditProvider.TheCreditProvider

willwithin20(twenty)businessdaysafterthedateofagreedchangetotheLoanAgreementdelivertotheApplicantbywayofemail,postalorfaxasagreedtobythepartiesatthetimeoftheamendment,adocumentreflectingtheagreedamendments.TheamendedagreementwillnotcreateanewLoanAgreementunlessclearlystated.

13.2 TheLoanAgreementwillbegovernedbytheLawsoftheRepublicofSouthAfrica.13.3 WhereavailableatranslatedversionoftheLoanAgreementwillbeprovidedtotheApplicantuponrequest.Shouldanyambiguitiesoccurinthetranslatedversionofthetermsand

conditions,theEnglishversionwillgetpreference.13.4 TheCreditProvidermaywithoutconsentornoticetotheApplicant,cedeand/ordelegateanyofitsrightsand/orobligationsunderthisLoanAgreement.13.5 TheApplicantmayapplytoadebtcounsellortobedeclaredover-indebtedbyfollowingthefollowingprocedures,butnotaftertheCreditProviderhasstartedlegalactionin

termsof6.3above:13.5.1 InformtheCreditProvideroftheApplicant’sintentionofinitiatingthedebtcounsellingprocessbycontactingtheFundiCallCentreat0860555544;13.5.2 TheApplicantmustvisitanydebtcounsellorofhis/herchoiceandprovidethedebtcounsellorwithhis/herincomeandexpenseinformation;13.5.3 ShouldthedebtcounsellordeterminethattheApplicantisover-indebted,theymayissueaproposaltotheMagistrate’sCourtrecommendingthatitdeclaresoneormoreofthe

Applicant’sagreementstobereckless,ifapplicable,orthattheobligationsoftheApplicantberearranged;13.5.4 ThedebtcounsellorwillguidetheApplicantthroughtheprocessofdebtcounselling.

13.6 Ifatanytime,anyofthetermsorconditionsisfoundtobeillegal,unenforceableorinvalidinwholeorinpart,thentheremainingportionofsuchtermsandconditionswillremainbindingandinfullforceandeffect.

13.7 Intheeventthatthestudentcancelshis/herstudies,andacreditamountreflectsonhis/herstudentaccountattheServiceProviderasaresultofsuchcancellation,theamountwillbecreditedtotheCreditProvideraccount.ThesamewillbeapplicablewhentheCreditProvidermakesapaymentofaloanamountthatisinexcessoftheamountduetotheServiceProvider.

13.8 IntheeventofdeathorretrenchmentoftheApplicant,theoutstandingbalancewillberegardedasbeingrepaidinfull,providedthatnoamountspayableanddueatthatstageareinarrears.13.9 AnycommissiontobepaidtoanagentforassistingwiththecompletionoftheagreementwillhavenoinfluenceontheApplicant’scostofcreditandwillbethesameasanagreement

wherenoagenthasassistedtheApplicant.13.10 Tothemaximumextentpermittedbylaw,theApplicantherebyagreesthattheCreditProvidermay,withoutfurthernoticetotheApplicant,cedeallorpartoftheCreditProvider’srights

and/ordelegatealloranypartoftheCreditProvider’sobligationsunderthisAgreement,eitherabsolutelyorascollateraltoanyperson,ThirdPartyorCreditProvider,evenifsuchcessionorassignmentbytheCreditProviderresultsincedingitsLoanBooktoaThirdPartyorCreditProvider.

14. DECLARATIONTheApplicant:14.1 TheApplicantacknowledgesthatitselectedtheCreditProviderfortheadvanceoftheloanandthatFundiTechnologieswillsourcetheEquipment,itbeingrecordedthattheService

ProvideroftheEquipment,inthecaseofEquipmentfinance,maynothavebeenapprovedbytheApplicantorStudent.Accordingly,theApplicantagreestoindemnifytheCreditProviderandFundiTechnologiesandtoholdthemharmlessagainstanylossordamagesfromanycausearisingwhichtheApplicantand/ortheStudentmaysustainorincurbyvirtueofanyactoromissionoftheServiceProviderinrelationtotheEquipmentfinancedintermsofthisAgreementreadwiththeFundiToolsApplicationForm.

14.2 Confirmsthathe/sheappliedforaloanwiththeCreditProviderandthattheinformationfurnishedthereinistohis/herknowledgeandbelief,trueandcorrectandthatnoinformationrequiredforevaluatingtheLoan/creditapplicationhasbeenomittedandacknowledgesthatsubjecttothecorrectnessthereof,ifapproved,theapplicationwillconstituteabindingLoanAgreement;

14.3 ConfirmsthattheApplicantandStudentunderstandthattheCreditProviderwilltakelegalactionagainstanypersonwhocommitsanyactthatcanbedefinedasfraudulent.TheCreditProviderwillbeentitled,withoutlimitation,toopenacaseoffraudagainsttheperpetratorandwillforwardsuchdetailstotheServiceProvider,whichwillfurtherbeentitledtotakeanyactionitdeemsfit;

14.4 UnderstandsthattheCreditProviderisnotanagentorrepresentativeoftheServiceProviderexceptforthepurposeofadministeringthePersaland/orPersolcodeand/ortheSASSAsystemasagreedbetweentheCreditProviderandtheServiceProviderandcannotbeheldresponsibleiftheServiceProviderfailstodelivereducationalservicestotheStudent;

14.5 AcknowledgesandconsentstotheCreditProviderusingNu-PayforpaymentrequestsmadefromtheApplicant’sbankaccountintermsofPartA;14.6 DeclaresthatbysigningthisLoanAgreement,he/sheacknowledgesthathe/shefullyunderstandstherisks,costsandobligationsassociatedwithenteringintotheLoanAgreement,

canafforditandthatsuchportionoftheLoanAgreementthatrequiredexplanationhasbeenfullyexplainedtohis/hersatisfaction.

SIGNEDAT ONTHIS DAYOF

Applicant Spouse(ifmarriedinCommunityofPropertytoApplicant)

Witness Witness

Fundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Tax InvoiceVAT No: 4550176798 | Initiation & admin fee are VAT inclusive

LOANS APPLICATION FORMCall Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Email: fundiapplications@fundi.co.zawww.fundi.co.zaVersion Number 2

Know more. Be more. #

FUNNN(Formerly known as Edu-Loan)

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A2

lf details correspond with the above, just tick the box {if applicant / student isthe same person)"

Title:

Surname:

Full names:

lD No:

Emailaddress:

Tel (work):

Cell:

Course Faculty:

University orlnstitution:

Student No:

Course studying:

Year of Study:

Course type:

Same asapplicant

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deduction canrpt be executed q is not applic*le

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c€ded or msigned the Loan Agreerem to that third party or dedit prwider

0018

3

“Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005 Fundi Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07

LOANS APPLICATION FORM

Applicant

D D / M M / Y Y

Spouse(if married in Community of Property to Applicant)

D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2

By signing this Application Form, the Applicant confirms that the information provided therein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Call 0860 55 55 44 for assistance in completing this form.

A6

OFFICE USE ONLY

Commission agent code:

Agent’s Name: ID:

Signature of Credit Provider Representative Date:

COMMUNICATION OPTIONS (Applicant preferences)■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be excluded in the Credit Provider's distribution of marketing material.

■ Where did you hear about us:

Yes No■ BUSINESS COMMUNICATION. Preferred method of communication:

Mobile SMS Email Ordinary Mail

BANK ACCOUNT DETAILS

Name of the Bank:account holder:Branch code: Account No:Type of account: Salary Date:Preferred date of Salary deduction first deduction: reference number:Debit Order reference number: EDU-LOAN (Loan Account Number)

LOANS APPLICATION FORMFundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Call Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Email: fundiapplications@fundi.co.zawww.fundi.co.zaVersion Number 2

Tax InvoiceVAT No: 4550176798 | Initiation & admin fee are VAT inclusive (Formerly known as Edu-Loan)

1. THE EDUCATIONAL LOAN AGREEMENT (“the Loan Agreement”)1.1 TheLoanAgreementconsistsofPartA,beingthePre-agreementStatement,QuotationandRepaymentScheduleaswellasthisPartB,beingthetermsandconditions,andinthecase

ofEquipmentFinance,includestheEquipmentApplicationFormattachedhereto,oncesignedbytheParties,anditistheonlyrecordoftheissuesaddressedherein.1.2 TheLoanAgreementisenteredintobyandbetweenFundiCapital(Pty)Ltd(“theCreditProvider”)andtheApplicantdetailedinPartA.1.3 TheCreditProviderisregisteredintermsoftheNationalCreditActNo.34of2005(“NationalCreditAct”)undernumberNCRCP158.1.4 ThesupplyoftheEquipmentintermsoftheFundiToolsApplicationFormattachedhereto,isenteredintobyandbetweenEdu-LoanTechnologies(Pty)LtdandtheApplicant

detailedinPartA.1.5 TheApplicantunderstandsthat:

1.5.1 ThetermsandconditionsapplicabletotheLoanAgreementwillatalltimesbesubjecttotheprovisionsoftheNationalCreditAct.1.5.2 ThetermsandconditionsapplicabletothesaleoftheEquipmentwillatalltimesbesubjecttotheConsumerProtectionActNo.68of2008.

1.6 “PrimeInterestRate”meansthepubliclyquotedvariableannualbasicrateofinterest,publishedfromtimetotimebythebankersoftheCreditProviderasbeingtheirprimerateandascertifiedbytheauditorsoftheCreditProvider,whoseappointmentitshallnotbenecessarytoprove.DetailsofsuchbankerswillbeprovidedtotheApplicantwhensorequestedinwriting.

1.7 “Applicant”meansthepersonwhosedetailsarereflectedonPartAoftheApplicationFormwhethercapturedonpaper,orviaelectronicmeanssuchasvoicerecordings,computergeneratedandcaptureddataorsimilarmeans.

2. PAYMENTS2.1 TheRepaymentSchedulecontainedinA4ofPartAsetsouttheinformationrelatingtothecreditextended.2.2 TheApplicantmustmakeconsecutivemonthlypaymentstotheCreditProviderthataredueandpayableintermsofthisLoanAgreementonorbeforetheRepaymentDate(whichdateis

thesameastheApplicant’ssalarydate)withoutset-offordeduction.2.3 TheCreditProviderwillcrediteachpaymentmadeundertheLoanAgreementtotheApplicant’saccountonthedateofreceiptofthepaymentasfollows:

2.3.1 firstly,tosatisfyanydueorunpaidinterestcharges;2.3.2 secondly,tosatisfyanydueorunpaidfeesorcharges;2.3.3 thirdly,toreducetheamountoftheprincipaldebt.

2.4 TheCreditProviderwillmakethepaymentoftheLoanAmount,assetoutinA4ofPartAtotheServiceProvider.“ServiceProvider”referstotheEducationalInstitution,EduxtrasDebitCardoranyotherthirdpartythatprovidesservicesorgoodsrelatedtoandforaneducationalpurposeandasapprovedbytheCreditProvider.

2.5 TheEducationalInstitutionswillnotbepermittedtorefundanyofthefundspaidtoitbytheCreditProvidertothestudentortheApplicant.TheunusedfundswillbetransferredbacktotheCreditProviderandcreditedagainsttheApplicant’saccount.TheCreditProviderwillthereafterrefundtheApplicantintothebankaccountprovidedforinA5ofPartAorifamendedintothelatestbankaccountprovidedtotheCreditProviderinwriting,ifsuchrefundisduetotheApplicant.

2.6 TheApplicantmaymakeadditionalpaymentstosettletheLoanAgreementearlyorpaymonthlyinstalmentsearlierwithoutgivinganynoticeorpayinganypenaltytotheCreditProvider.2.7 Thesalaryand/ordebitorderdeductions,whicheverisapplicable,willbealignedwiththeRepaymentDateasdirectedbytheApplicantinA5ofPartA.2.8 TheApplicantundertakestoinformtheCreditProviderinwritingofanychangesrelatedtohis/herpaymentmethodand/orhis/heremploymentstatus.

3. COSTS, FEES AND CHARGES3.1 TheinterestandfeesonamountsinarrearswillbethesameastheinterestrateandfeeschargedinrespectoftheLoanAgreement.3.2 TheCreditProvidermaychargeandrecoverthefollowingfeesinrespectoftheLoanAgreementprovidedthatthesefeesdonotexceedtheprescribedlegalmaximumintermsofthe

NationalCreditAct:3.2.1 AninitiationfeeinrespectofthecostsofinitiatingtheLoanAgreementwhichwillbeleviedonthedatetheLoanAgreementissigned.ShouldtheApplicantwishtopaythe

initiationfeeupfront,kindlycall0860555544forassistance.IftheApplicantisunabletopaytheinitiationfeeupfront,theCreditProviderwillreflecttheinitiationfeeseparatelyontheLoanAgreementandwillnotchargeinterestontheinitiationfee;

3.2.2 AmonthlyservicefeerecoverablebytheCreditProviderinconnectionwiththeroutineadministrationcostofmaintainingtheLoanAgreementwillbeleviedattheendofeachmonthtowhichitrelates;

3.2.3 DefaultadministrationchargestocoveradministrationcostsincurredasaresultoftheApplicantdefaultingonobligationsundertheLoanAgreement;3.2.4 Collectioncosts,beingamountsthatmaybechargedbytheCreditProviderinrespectoftheenforcementoftheApplicant’smonetaryobligationsundertheLoanAgreementnot

exceedingthemaximumamountdeterminedbytheNationalCreditAct,anddoesnotincludedefaultadministrationcharges.3.3 TheApplicantacknowledgesthattheinterestrateisapreferentialinterestratebasedontheApplicant’sriskprofile.3.4 Theinterestrateapplicabletoallagreements,excludingEquipmentfinanceagreements,isfixedfortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegal

maximumintermsoftheNationalCreditAct.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedmonthlyinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

3.5 ThevariableinterestrateapplicabletoEquipmentfinanceislinkedtothePrimeInterestRatefortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegalmaximumintermsoftheNationalCreditAct.Ifatanytime,andtotheextentthat,theinterestratedoesexceedthelegalmaximumintermsoftheNationalCreditAct;thentheinterestrate(beinglinkedtothePrimeInterestRate)shallbereducedaccordingly.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedattheendofthemonthonamonthlybasisinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

ANNEXURE: TERMS AND CONDITIONS PART B

0018

3

4. EARLY SETTLEMENT AND ACCOUNT TERMINATION BY APPLICANT4.1 TheApplicantunderstandsthathe/shemayatanytime,andwithoutpenalty,terminatetheLoanAgreementbypayingthesettlementamountowedtotheCreditProvider.4.2 ShouldtheApplicantdecidetosettleorterminatetheLoanAgreement,arequestforasettlementamountmaybemadetotheCreditProvideratthecontactnumber0860555544.

ThesettlementamountprovidedbytheCreditProvidershallbethetotaloftheunpaidbalanceoftheprincipaldebt,theunpaidinterestchargesandallotherfeesandchargesuptothesettlementdate,andfurther,willbevalidfortheperiodstatedonthesettlementletterprovidedtotheApplicant.

4.3 Takenotethatthecancellationofthesalarydeductioninstruction,duetotheearlysettlementand/oradditionalpaymentsmadeontheaccountbeforethedateofthelastinstalmentagreedtobytheParties,maytakeupto2(two)months.However,anyinstalmentreceivedbytheCreditProviderduringthisperiodaftertheloanhasbeensettledinfullwillberefundedtotheApplicantifduetohim/her.

4.4 Notwithstandingtheprovisionsof4.1and4.2above,inordertovalidlycanceltheLoanAgreementtheApplicantmustcanceldirectlywiththeEducationalInstitutionaswellaswiththeCreditProviderbyprovidingawrittennoticeofcancellationand/ortermination.

4.5 ShouldcancellationorterminationoftheloantakeplaceafterthefundshavebeenpaidovertotheServiceProvider,whetherornotaconfirmationsliphasbeenissued,theApplicantwillbeliabletopayoverthefundstotheCreditProvider.

5. STATEMENTS5.1 TheApplicantrequeststhattheCreditProviderissuesstatementsofaccount(“statement”)atthree-monthintervals.5.2 TheCreditProviderwillmakeavailabletotheApplicantastatementonanyexistingloan,settingoutallchargeslevied,allpaymentsreceivedandthebalanceoutstanding.Thisstatement

ofaccountcanbeviewedandprintedfromthewww.myFundi.co.zaafterregisteringasauser.5.3 TheApplicantmaydisputeallorpartofthestatementprovidedforbysendingtheCreditProviderawrittennoticetothiseffect.

6. DEFAULT AND DEFAULT ADMINISTRATION COSTS 6.1 DefaultintermsofthisLoanAgreementoccursif:

6.1.1 TheApplicantfailstomakepaymentsthataredueintermsoftheLoanAgreement;6.1.2 TheApplicantfailstocomplywiththetermsandconditionsoftheLoanAgreement;6.1.3 AnadministrationorderinrespectoftheApplicantorhissuretyisissued;6.1.4 AjudgmentisgrantedagainsttheApplicantandsameisnotsettledorrescindedwithin30(thirty)daysfromthedatethereof;6.1.5 TheApplicantfurnishesanyincorrectand/oruntrueinformationregardinghimselfand/orhisfinancialpositiontotheCreditProvider.

6.2TheCreditProvidermaytracktheApplicant’saccounteverydayuntiltheApplicanthasrepaidtheloanadvancedintermsofthisLoanAgreementinfull.ANAEDO(Non-Authenticated 6.EarlyDebitOrder)trackerwillbeplacedontheApplicant’saccountintheeventthereisanymoneyinarrearsandtheApplicantauthorisestheCreditProvidertocollecttheamountin 6.arrearsbywayofaNAEDOdebitorder. 6.3Implicationofdefaultmentionedin6.1: TheCreditProviderwillprovidetheCreditBureauxwithinformationaboutthenegativepaymenthistoryoftheApplicant,whichwillaffecttheApplicant’spaymentprofileattheCreditBureaux.ThismaynegativelyaffecttheApplicant’screditstatusatanyorganisationmakingenquiriesattheCreditBureaux.Also,legalactionprocess,whichmayresultinadditionalcoststotheApplicantandasdetailedbelowin6.4,willbeinstitutedagainsttheApplicant.

6.4 IntheeventthattheApplicantdefaults,thefollowingprocesswillbefollowedbytheCreditProvider:6.4.1 ProvidetheApplicantwithwrittennoticeofsuchdefaultdemandingthattheApplicantrectifythedefault;and6.4.2 Advisehim/herthathe/shemayreferthisLoanAgreementtoadebtcounsellorandanalternativedisputeresolution,consumercourtor,ifapplicable,anombudwithjurisdiction;6.4.3 TheCreditProvidermayrequirepaymentbytheApplicantofdefaultadministrationchargesinrespectofeachletternecessarilywrittenintermsofPartCofChapter6ofthe

NationalCreditAct.SuchpaymentmaynotexceedtheamountpayableinrespectofaregisteredletterofdemandinundefendedactionintermsoftheMagistrates’CourtsAct,1944inadditiontoanyreasonableandnecessaryexpensesincurredtodeliversuchletter.Inaddition,andifapplicable,theCreditProvidermaychargecollectioncosts,whichmaynotexceedthecostsincurredbythecreditproviderincollectingthedebt–

(a) totheextentlimitedbyPartCofChapter6oftheNationalCreditAct,and(b) intermsof:(i)theSupremeCourtAct,1959,(ii)theMagistrates’CourtAct,1944,(iii)theAttorneysAct,1979;or(iv)theDebtCollector’sAct,1998,whicheverisapplicableto

theenforcementoftheLoanAgreement.6.4.4 TheCreditProvidermayapproachthecourtforanordertoenforcetheLoanAgreementonlyif,atthattime,theApplicantisindefaultandhasbeenindefaultundertheLoan

Agreementforatleast20(twenty)businessdaysand:(a)atleast10(ten)businessdayshaveelapsedsincetheCreditProviderdeliveredanoticetotheApplicantascontemplatedinSection86(9),orSection129(1)oftheNationalCreditAct,asthecasemaybe;(b)inthecaseofanoticecontemplatedinSection129(1),theApplicanthas–(i)notrespondedtothatnotice;or(ii)respondedtothenoticebyrejectingtheCreditProvider’sproposals.

6.4.5 TheCreditProviderwillprovidetheApplicantatleast20(twenty)businessdays’noticeofitsintentiontoreporttotheCreditBureauxadverseinformationabouttheApplicant’sdefaultbehaviourorenforcementactiontakenagainsttheApplicant.

6.4.6 TheCreditProvidermayreportadverseinformationabouttheApplicant’sdefaultbehaviourorenforcementactiontakenagainsttheApplicanttotheCreditBureauxiftheApplicantdoesnotbringthepaymentsdueundertheLoanAgreementuptodatewithinthe20(twenty)businessdays’notice.TheApplicant’screditprofileattheCreditBureauxandcreditworthinessmaybenegativelyaffectedbytheadverseinformationheldbytheCreditBureaux.

6.4.7 TheCreditProvidermayrequesttheServiceProvider,iflegallypossibleandatthesoleandabsolutediscretionoftheCreditProvider,towithholdtheacademicresultsoftheStudentintermsoftheagreementbetweentheCreditProviderandtheServiceProvider.

6.5 IntheeventofsuchdefaulttheCreditProviderwillbeentitledatitsownandabsolutediscretionandafterconsultation,toextendtherepaymentperiodagreedtoinPartAforarequiredperiodofmonthsneededtorepaytheloaninfullnotallowingtheinstalmenttoexceedtheinstalmentagreedtoinPartAexceptwheretheinstalmentdueislessthanagreedto.

6.6 Theinterestiscalculatedandchargedasmorefullydetailedin3.3.and3.4aboveandisdebitedtotheApplicant’saccountasagreedinA4andA5ofPartA.

7. ACCOUNT TERMINATION BY CREDIT PROVIDERIntheeventofadefaultasmentionedin6,theCreditProvidermayterminatetheLoanAgreementaccordingtotheprovisionsoftheNationalCreditAct.

8. ADDRESSES FOR RECEIVING OF DOCUMENTS8.1 TheApplicantchoosesthephysicaladdressasprovidedinPartA,fortheservingoflegalnotices.Thepostaladdresswillbeusedforthesendingofothernoticesanddocumentation,

forexamplethestatementofaccountifnoemailaddresshasbeenprovidedbytheApplicantinPartAoftheLoanAgreement.8.2 TheCreditProviderchoosesitsphysicaladdressassetoutinPartAoftheLoanAgreementfortheservingoflegalnoticesandotherdocumentationortheApplicantmayforwardsuch

documentationtolegal@Fundi.co.zaorfaxitto0866324445.8.3 Bothpartiesagreetoinformtheotherofthechangeofthenoticeaddress,postaladdress,telefaxnumberoremailaddressassoonaspossibleafteranysuchchange.Thechangewillbe

effectiveonthe5th(fifth)businessdayafterreceiptofsuchnotice.8.4 ThepartiesagreethatthenoticewillonlybevalidifitisinwritingandsenttotheaddressasstipulatedinPartAoftheLoanAgreement.

9. INFORMATION DISCLOSURE9.1 TheCreditProvidershallnotdiscloseanyconfidentialinformationobtainedinthecourseofexecutingtheLoanAgreementtooutsidethirdpartiesunlessobligedtodosobylaworacourt

orderorwhereconsenthasbeenprovidedintermsofthesetermsandconditionsandasrecordedinthisPartBoftheLoanAgreement.9.2 ByenteringintotheLoanAgreementtheApplicantacknowledges,agreesand/orcondonesthattheCreditProvidermayprovidetoanyoftheCreditBureauxlistedin9.6below,any

adverseinformationintheformatprescribedbysuchCreditBureauxandprovidedforbytheNationalCreditAct.SuchCreditBureauxprovideacreditprofileandpossiblyacreditscoreonthecreditworthinessofthepersonsubjecttotherecord.

9.3 TheApplicantconsentstotheCreditProviderforwarding,atitssoleandabsolutediscretion,adverseinformationrelatingtotheLoanAgreementtotheServiceProviderand,withoutlimitingtheforegoing,intheeventofdefaultoriftheStudentand/ortheApplicantisreasonablybelievedtohavefraud.

9.4 TheCreditProvidermayprovidedetailstotheSouthAfricanFraudPreventionServices(“SAFPS”)ofanyconductontheApplicant’saccountorLoanAgreementthatgivestheCreditProviderreasonablecausetosuspectthattheconductisofafraudulentnature.

9.5 Bymakingtheapplicationforfundingonthetermssetherein,theApplicantconsentsand/orratifiestotheCreditProviderobtainingfromtheCreditBureauand/orNationalLoanRegistertheApplicantscreditrecordandpaymenthistoryand,withoutderogatingfromtheforegoing,thattheCreditProvidercanelectnottoprovidethefinanceappliedforimmediatelyonreceiptofanyinformationthattheApplicanthasfailedhis/heraffordabilitytestasprescribedbytheNationalCreditAct.

ANNEXURE: TERMS AND CONDITIONS (CONT.) PART B

“Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005. Fundi Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07

Race (Research Black Asian Gender:

Female Marital status:

Married COP ANC No. of Dependants:and Reporting Coloured White Male Single Divorced Widowed on Statistics):

Surname: Tel (work):

Name: Tel (home):Physical Tel (Payroll officer):address:(domicile)

Code:

Employee No:

Email address:

Title: ID No:APPLICANT’S DETAILS

A1 Cell:

Employer:

Occupation: Years in service:

Income Status: Permanent Contract worker Temporary

Postaladdress:

Code:

If details correspond with the above, just tick the box (if applicant / student is the same person).

Title:

Surname:

Full names:

ID No:

Email address:

Tel (work):

Cell:Course Faculty:

STUDENT’S DETAILS

A2

Fundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715

Call Centre: 0860 55 55 44Fax No: 086 633 3832 | 086 6333841/3Email: fundiapplications@fundi.co.zawww.fundi.co.zaVersion Number 2

LOANS APPLICATION FORM

Tax InvoiceVAT No: 4550176798 | Initiation & admin fee are VAT inclusive

QUOTATION:

Accommodation Loan

Book Loan Educational Tools (For example laptop or tablet)

Study Loan International Study Loan (refer to Point 11 on the T&Cs).

Payment of the loan amount and foreign transfer payment is made directly by the Credit Provider to the Service Provider.If the Student cancels his/her studies at the Service Provider, any credit on the Student’s account will be credited to Fundi’s account to offset administration costs incurred.

A4

Loan amount:

Interest:

Initiation fee (charged upfront; incl. VAT):

Total monthly service fees (included in instalment; incl. VAT):

Total amount repayable:

Number of monthly instalments:

Monthly instalment amount:

Annual Interest Rate:

R

R

R

R

R

R

,

,

,

,

,

,

,%

APPLICANT’S INCOME INFORMATIONMonthly gross salary (i.e. before company deductions and other company contributions)

Net monthly company salary (cash salary) (i.e. after company deductions and tax)

Other income (i.e. maintenance, pensions, rental income, etc.)

Total monthly expenses (i.e. food, clothes, insurance, housing etc.)

Other monthly debt repayments (i.e. home loan, car loan, other loans)

Disposable (Net) income

R

R

R

R

R

R

,

,

,

,

,

,

A3

COMMENTS RELATING TO INCOME

Are you currently under or have you applied for debt review, sequestration, liquidation or administration? Yes NoIf married in community of property, is your spouse currently under or has applied for debt review, sequestration, liquidation or administration? Yes No

PAYMENT HISTORY

PAYMENT OR DEBIT ORDER INFORMATIONThe Parties agree that the Credit Provider will advance the Loan Amount to the Applicant and pay it to the above Educational Institution for the above student. The Applicant undertakes to repay the Total Amount repayable in the number of monthly instalments as detailed in the Repayment Schedule above. Where applicable, the Applicant authorises his/her Employer specified above to deduct the monthly instalments from his/her salary. Any charges levied by the Employer to effect the salary deduction will be for the account of the Applicant and the Employer will recover the costs directly from the Applicant’s salary. If the Credit Provider does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises the Credit Provider to deduct the monthly instalments from the bank account specified below via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified below. The Applicant will ensure there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. The Credit Provider may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should the Credit Provider become aware of a change to the salary date or the bank account details of the Applicant, the Credit Provider has the right to change the debit order details accordingly. The Applicant agrees to let the Credit Provider know of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the repayment amount. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that the Credit Provider may deduct the repayment amount from the Applicant’s salary or debit the Applicant’s bank account on the first business day thereafter. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to the Credit Provider. The Applicant acknowledges that the Credit Provider may cede or assign (give) this debit order authority and mandate to a third party or another credit provider if it has also ceded or assigned the Loan Agreement to that third party or credit provider.

A5

Repayment Schedule:

Repayment Date: (This date is the same as the Applicant's salary date.)

The first payment will begin on and monthly thereafter for

months with the final payment to be made on

(Formerly known as Edu-Loan)

1 2 3 4+

University or Institution:Student No:

Course studying:

Year of Study:

Course type: Certificate/Diploma Undergraduate Post-

Other GraduateSame as applicant

Initial:

Applicant Spouse

0018

3

Initial:

Applicant Spouse

9.6 TheApplicanthastherighttocontacttheCreditBureauwiththefollowingcontactdetailstohavetheApplicant’srecorddisclosedandtorequestthecorrectionofinaccurateinformation:

CompuscanTelephone:0218886000Email:info@compuscan.co.za

Expert Decision Systems XDS Telephone:0116459100Email:info@xds.co.za

Experian Credit BureauTelephone:0861105665Email:info@experian.co.za

TransUnion CreditTelephone:0112146000Email:Disputeinfo@transunion.co.za

10. DISPUTE RESOLUTION10.1 TheApplicantagreesthatintheeventofanydisputeorcomplainthe/shewillinformtheCreditProviderthereofinwritinginordertoresolvetheissueathand.TheApplicantmay

forwardthenoticetolegal@Fundi.co.zaorfaxitto0866324445.10.2 IntermsoftheNationalCreditActtheApplicantmayalsoattempttoresolveanycomplaintordisputeregardingtheLoanAgreementby:

10.2.1 alternativedisputeresolution;10.2.2 referringthecomplaintordisputetotheNationalCreditRegulatorestablishedintermsoftheNationalCreditAct;or10.2.3 bymakinganapplicationtotheNationalConsumerTribunalestablishedintermsoftheNationalCreditAct.

10.3 TheNationalCreditRegulatormaybecontactedon0860627627/info@NCR.org.zaandtheNationalConsumerTribunalmaybecontactedat0126635615/0860627627.

11. PAYMENTS TO INTERNATIONAL EDUCATIONAL INSTITUTIONS11.1 TheCreditProviderwillfinanceSouthAfricanstudentsstudyingabroadaswellasforeignstudentsstudyinginthedesignatedcountryorabroad.TheApplicantmust,however,workand

resideinSouthAfrica.11.2 TheCreditProviderwillmakeallpaymentsintheSouthAfricanRandcurrencyandintermsoftheSouthAfricanBankingandpaymentsystem.Foravoidanceofdoubt,themonies

stipulatedintheloanapplicationwillbepaidinSouthAfricanRandsdirectlytotheInternationalEducationalinstitution.Intheeventofashortfallinthefeesduetocurrencyfluctuationsorforeignexchange,theApplicantwillbeliabletopaytheInternationalEducationalinstitutiontheoutstandingamounts.

11.3 TheApplicantwillresponsibleforallbankcharges.11.4 Loanpaymentswilltakeupto45daysfromdateofapprovaltobepaidintotheInternationalEducationalInstitutionaccount.11.5 TheCreditProvidermayatanytimeoffsetexchangeratefluctuationsforpaymentstoInternationalEducationalInstitutions.

12. WARRANTIES IN RESPECT OF EQUIPMENT12.1 FundiTechnologies(Pty)LtdwarrantsthatthewarrantyontheEquipment,whichisgivenbytheServiceProvider,isvalidforaperiodof____year(s)fromthedateofdelivery

oftheEquipmentbytheServiceProvidertotheStudent.Theaccessories(ifany)totheEquipment,alsogivenbytheServiceProvider,isvalidfor_______year(s).12.2 ThewarrantyonEquipmentspecificallyexcludescrackedscreensandanyformofnegligencebytheApplicantand/orStudent,detectedbytheServiceProvider.12.3 TheApplicantwarrantsthattheStudentwillbeandremainthebeneficiaryoftheEquipmentuntiltheloanadvancedhereinhasbeensettledinfull.

13. GENERAL13.1 AnyagreedchangestothisLoanAgreementwillbemadeinwritingandsignedbybothpartiestotheagreementorelectronicallyvoicerecordedbytheCreditProvider.TheCreditProvider

willwithin20(twenty)businessdaysafterthedateofagreedchangetotheLoanAgreementdelivertotheApplicantbywayofemail,postalorfaxasagreedtobythepartiesatthetimeoftheamendment,adocumentreflectingtheagreedamendments.TheamendedagreementwillnotcreateanewLoanAgreementunlessclearlystated.

13.2 TheLoanAgreementwillbegovernedbytheLawsoftheRepublicofSouthAfrica.13.3 WhereavailableatranslatedversionoftheLoanAgreementwillbeprovidedtotheApplicantuponrequest.Shouldanyambiguitiesoccurinthetranslatedversionofthetermsand

conditions,theEnglishversionwillgetpreference.13.4 TheCreditProvidermaywithoutconsentornoticetotheApplicant,cedeand/ordelegateanyofitsrightsand/orobligationsunderthisLoanAgreement.13.5 TheApplicantmayapplytoadebtcounsellortobedeclaredover-indebtedbyfollowingthefollowingprocedures,butnotaftertheCreditProviderhasstartedlegalactionin

termsof6.3above:13.5.1 InformtheCreditProvideroftheApplicant’sintentionofinitiatingthedebtcounsellingprocessbycontactingtheFundiCallCentreat0860555544;13.5.2 TheApplicantmustvisitanydebtcounsellorofhis/herchoiceandprovidethedebtcounsellorwithhis/herincomeandexpenseinformation;13.5.3 ShouldthedebtcounsellordeterminethattheApplicantisover-indebted,theymayissueaproposaltotheMagistrate’sCourtrecommendingthatitdeclaresoneormoreofthe

Applicant’sagreementstobereckless,ifapplicable,orthattheobligationsoftheApplicantberearranged;13.5.4 ThedebtcounsellorwillguidetheApplicantthroughtheprocessofdebtcounselling.

13.6 Ifatanytime,anyofthetermsorconditionsisfoundtobeillegal,unenforceableorinvalidinwholeorinpart,thentheremainingportionofsuchtermsandconditionswillremainbindingandinfullforceandeffect.

13.7 Intheeventthatthestudentcancelshis/herstudies,andacreditamountreflectsonhis/herstudentaccountattheServiceProviderasaresultofsuchcancellation,theamountwillbecreditedtotheCreditProvideraccount.ThesamewillbeapplicablewhentheCreditProvidermakesapaymentofaloanamountthatisinexcessoftheamountduetotheServiceProvider.

13.8 IntheeventofdeathorretrenchmentoftheApplicant,theoutstandingbalancewillberegardedasbeingrepaidinfull,providedthatnoamountspayableanddueatthatstageareinarrears.13.9 AnycommissiontobepaidtoanagentforassistingwiththecompletionoftheagreementwillhavenoinfluenceontheApplicant’scostofcreditandwillbethesameasanagreement

wherenoagenthasassistedtheApplicant.13.10 Tothemaximumextentpermittedbylaw,theApplicantherebyagreesthattheCreditProvidermay,withoutfurthernoticetotheApplicant,cedeallorpartoftheCreditProvider’srights

and/ordelegatealloranypartoftheCreditProvider’sobligationsunderthisAgreement,eitherabsolutelyorascollateraltoanyperson,ThirdPartyorCreditProvider,evenifsuchcessionorassignmentbytheCreditProviderresultsincedingitsLoanBooktoaThirdPartyorCreditProvider.

14. DECLARATIONTheApplicant:14.1 TheApplicantacknowledgesthatitselectedtheCreditProviderfortheadvanceoftheloanandthatFundiTechnologieswillsourcetheEquipment,itbeingrecordedthattheService

ProvideroftheEquipment,inthecaseofEquipmentfinance,maynothavebeenapprovedbytheApplicantorStudent.Accordingly,theApplicantagreestoindemnifytheCreditProviderandFundiTechnologiesandtoholdthemharmlessagainstanylossordamagesfromanycausearisingwhichtheApplicantand/ortheStudentmaysustainorincurbyvirtueofanyactoromissionoftheServiceProviderinrelationtotheEquipmentfinancedintermsofthisAgreementreadwiththeFundiToolsApplicationForm.

14.2 Confirmsthathe/sheappliedforaloanwiththeCreditProviderandthattheinformationfurnishedthereinistohis/herknowledgeandbelief,trueandcorrectandthatnoinformationrequiredforevaluatingtheLoan/creditapplicationhasbeenomittedandacknowledgesthatsubjecttothecorrectnessthereof,ifapproved,theapplicationwillconstituteabindingLoanAgreement;

14.3 ConfirmsthattheApplicantandStudentunderstandthattheCreditProviderwilltakelegalactionagainstanypersonwhocommitsanyactthatcanbedefinedasfraudulent.TheCreditProviderwillbeentitled,withoutlimitation,toopenacaseoffraudagainsttheperpetratorandwillforwardsuchdetailstotheServiceProvider,whichwillfurtherbeentitledtotakeanyactionitdeemsfit;

14.4 UnderstandsthattheCreditProviderisnotanagentorrepresentativeoftheServiceProviderexceptforthepurposeofadministeringthePersaland/orPersolcodeand/ortheSASSAsystemasagreedbetweentheCreditProviderandtheServiceProviderandcannotbeheldresponsibleiftheServiceProviderfailstodelivereducationalservicestotheStudent;

14.5 AcknowledgesandconsentstotheCreditProviderusingNu-PayforpaymentrequestsmadefromtheApplicant’sbankaccountintermsofPartA;14.6 DeclaresthatbysigningthisLoanAgreement,he/sheacknowledgesthathe/shefullyunderstandstherisks,costsandobligationsassociatedwithenteringintotheLoanAgreement,

canafforditandthatsuchportionoftheLoanAgreementthatrequiredexplanationhasbeenfullyexplainedtohis/hersatisfaction.

SIGNEDAT ONTHIS DAYOF

Applicant Spouse(ifmarriedinCommunityofPropertytoApplicant)

Witness Witness