Legal

Terms & Conditions of Sale for non-Trade Credit Account Customers

By ordering Goods from Laminex NZ, you (Customer) agree the following Terms of sale shall apply to the supply of those Goods and to any quotation or estimate given, by or on behalf of Laminex NZ. These Terms replace any previous arrangements or understandings relating to supply by Laminex NZ (or any other entity authorized to trade under the name Laminex NZ) to the Customer.

Unless otherwise specifically agreed in writing by Laminex NZ, where any Terms of the Customer's order or any request for supply are inconsistent with these Terms, then these Terms will prevail.

Any variations or additions to these Terms not expressly agreed in writing by Laminex NZ are expressly rejected by Laminex NZ.

Notwithstanding the above, unless expressly agreed by Laminex NZ, these "Terms & Conditions of Sale for non-Trade Credit Account Customers" apply to all Laminex NZ sales to customers who do not hold a Laminex NZ trade credit account. For customers who do hold a Laminex NZ Trade Credit Account, such customers must identify their Laminex NZ Trade Credit Account during the ordering and purchase process to link the transaction to that Laminex NZ Trade Credit Account. For sales relating to Laminex NZ Trade Credit Accounts, these "Terms & Conditions of Sale for non-Trade Credit Account Customers" will not apply and the terms and conditions applicable to that Trade Credit Account will continue to apply.

Account Terms (if applicable)

1. The Customer is liable for all purchases made in its name (or account name, as applicable). It is not Laminex NZ's responsibility to confirm authority for the purposes of supplying or delivering Goods to the Customer or its agents. It is the sole responsibility of the Customer to ensure there is no unauthorised use of its account (where applicable).

2. It is the Customer's responsibility to obtain every necessary or prudent authorisation (including licences, permits and consents) to buy, possess, use, export, import or resell any Goods.

3. Laminex NZ may at any time withdraw, suspend or alter the Customer's credit facilities (if any) at any time without notice at its sole discretion. Any such change to the Customer's credit facilities will not release either the Customer or the Guarantor(s) from any liability whatsoever.

Quotations/Estimates And Ordering

4. A quotation or estimate will not constitute an offer to sell Goods to the Customer. No contract for the supply of Goods shall exist between Laminex NZ and the Customer until a Customer's order for Goods has been accepted by Laminex NZ (such acceptance of Customer's orders may be made and communicated by Laminex NZ in writing, orally or by an overt act of acceptance). Subject to clause 22 each accepted order shall constitute a separate contract.

5. All quotes, estimates and pricing, unless expressly stated otherwise, are deemed to be estimates only and are based on rates and charges in effect at the date of issue. Any increase in the costs of any items (including change in currency exchange rates) affecting the cost of supply, production and/or delivery of the Goods will be added to the price of the Goods payable by the Customer. At its discretion, Laminex NZ may remove any discount provided in an estimate or order where there is a reduction in quantities actually purchased.

6. Quotes and estimates may be subject to such further Terms as are expressly set out in the quote or estimate.

7. The Customer may cancel an order accepted by Laminex NZ if the Customer provides reasonable written notice (which may be by email to the email address of an authorised representative of Laminex NZ) of such cancellation prior to Delivery and the Goods form part of Laminex NZ's standard stock in trade and are not special orders.

8. If the Customer requires a variation to an order (including for any changes in quantities, measurements or specifications or nature of the services required or as a result of any inaccuracies or misstatements in the information provided to Laminex NZ), the Customer acknowledges such variation may result in a delay in delivery of the Goods or an increase in the price specified in the order.

9. Goods are offered subject to availability. Laminex NZ may substitute a similar good to that ordered provided it obtains prior approval from the Customer (verbal or otherwise) prior to the time of supplying the substituted good. It is the responsibility of the Customer to ensure that any proposed substituted good is acceptable.

10. The Customer is solely responsible for the accuracy of plans, specifications and information supplied by (or on behalf of) the Customer upon which a quotation/estimate/order or estimate of materials is based. All customary building industry tolerances shall apply to the dimensions and measurements of Goods unless Laminex NZ and the Customer agree otherwise in writing.

Pricing And Payment

11. The price of the Goods will be the price current on the date of Delivery of the Goods, unless otherwise expressly agreed in writing by Laminex NZ.

12. Unless stated otherwise in writing, all prices are exclusive of any GST (and other taxes and duties (if any)) payable on the Goods and such taxes are payable by the Customer in addition to the price.

13. Laminex NZ may vary its pricing from time to time without notice to the Customer. Any variation will be effective from the date specified by Laminex NZ and will apply to all orders accepted by Laminex NZ on or after that date.

14. The price of the Goods excludes the cost of delivery, which is payable in addition to the price.

15. If the Customer does not have a valid credit account with Laminex NZ, payment for the Goods (together with any other amounts owing to Laminex NZ) must be made by cash, cheque or electronic funds transfer in cleared funds prior to Delivery.

16. Where purchases of Goods are charged to a valid credit account, then payment is due in full in cleared funds by the 20th day of the month following Delivery (including where Goods are delivered by instalments). Laminex NZ may, at its absolute discretion, and subject to additional payment terms, allow payment of a credit account by credit card.

17. Any deposit required by Laminex NZ will be paid immediately by the Customer upon the making of an order and, unless otherwise specified on the deposit terms, is non-refundable.

18. Payment of all monies owing to Laminex NZ must be made free of any counterclaim, set-off, deduction or other claim whatsoever. Laminex NZ may deduct or withhold any amount (whether by way of set off, counterclaim or other equitable or lawful claim or otherwise) from any money owing by Laminex NZ or any Related Company to the Customer on any account whatsoever.

19. Laminex NZ may allocate any payment made by or on behalf of the Customer to the account and/or payment of any Goods as it sees fit and the Customer waives any right to receive notification of that allocation.

20. If full payment for the Goods is not made by the due date for payment, the Customer will pay, at Laminex NZ discretion (and without prejudice to any other rights or remedies it may have), on demand, default interest on the amount outstanding at the rate of 18% per annum (calculated on a daily basis until the account is paid in full) and all expenses and costs (including legal costs on a solicitor and client basis) incurred by or on behalf of Laminex NZ recovering or attempting to recover the overdue amount.

Delivery

21. Unless otherwise agreed in writing, delivery of the Goods will be deemed to be effected upon the transfer of possession of Goods to the Customer (or its representative or carrier) at Laminex NZ's premises, or where Laminex NZ has agreed to deliver the Goods, upon the unloading of Goods by Laminex NZ at the curbside at the Customer's delivery address.

22. Delivery of Goods may be made by instalments. Each instalment shall be treated as a separate contract subject to these Terms.

23. Any times quoted for delivery are estimates only and Laminex NZ will not be liable for any delay in Delivery, whether or not beyond its control. Late Delivery does not entitle the Customer to cancel any order or part order or to refuse to accept Delivery.

24. Where Laminex NZ has agreed to deliver the Goods, the Customer must provide adequate safe and unobstructed access for Delivery and adequate facilities for unloading and storage of Goods (including in compliance with the Health & Safety at Work Act 2015 and Hazardous Substances and New Organisms Act 1996, as applicable). If required by the Customer or a representative to drive on to a property, neither Laminex NZ nor any of its carriers accept responsibility for any damage that may result to either the property or the Goods.

25. If the Customer fails or refuses to take delivery of the Goods at an agreed delivery time, any liability or cost incurred by Laminex NZ as a result of the refusal or delay in delivery shall form part of the Secured Indebtedness and shall be paid immediately by the Customer upon demand. Unless Laminex NZ has agreed to deliver the Goods, any Goods not uplifted by the Customer after 90 days of Delivery may be sold or otherwise disposed of by Laminex NZ and all sale proceeds may be retained by Laminex NZ without any obligation to account to the Customer. Where the Customer is uplifting the Goods, it must ensure that it and its employees and agents comply with all Laminex NZ health and safety policies made known to it or as directed by Laminex NZ staff from time to time.

26. Goods will be deemed accepted upon Delivery unless the Customer notifies Laminex NZ in writing of any defects, errors or discrepancies within 7 days of Delivery, provided Laminex NZ is able to inspect the Goods to confirm the defect, error or discrepancy.

Warranties And Liability

27. Where the Customer is a "Consumer" under the CGA and acquires any Goods, or holds itself out as acquiring Goods, for the purposes of a "Business" (as those terms are defined in the CGA) then to the fullest extent permissible by law Laminex NZ and the Customer agree the CGA and any other applicable consumer law is hereby excluded. Otherwise, where the Customer is a "Consumer" these Terms are to be read subject to the terms of the CGA.

28. Subject to clause 27, and to any express warranties given by Laminex NZ (or the manufacturer of the Goods) to the Customer in writing, all conditions, warranties, descriptions, representations and statements as to fitness or suitability for any purpose, workmanship, tolerance to any conditions, merchantability or otherwise, express or implied, are expressly excluded to the fullest extent permitted by law.

29. The sale of any Goods shall not, unless expressly agreed in writing, give the Customer the right to use, sell, disseminate or duplicate any Laminex NZ trademark, copyright, design or any other intellectual property right.

30. Laminex NZ will not be liable in respect of Goods that have been tampered with or modified without Laminex NZ's approval or which have been stored in an improper manner.

31. Laminex NZ's liability for breach of a non-excludable condition, warranty or any other liability of Laminex NZ whether arising under contract, tort or law, is limited at Laminex NZ's option to:

(a) repairing the Goods;

(b) replacing the Goods; or

32. To the fullest extent permitted by law, Laminex NZ has no liability (whether statutory, in contract or tort (including negligence), or howsoever) to the Customer or any of its agents or employees for any physical, or special damage, direct loss, indirect loss, economic loss of any kind (including loss of profits and expectation loss), any other loss or costs (including legal and solicitor/client costs) caused or contributed to by Laminex NZ or any of its agents or employees in respect of any Goods or Services supplied or any quotation or estimate given. Without limiting the foregoing, Laminex NZ has no responsibility or liability for any dangerous good(s) or any contaminant, ozone depleting or hazardous substance in or emitted by any Goods.

33. If the Customer is acquiring the Goods for the purpose of re-supplying them (in the form in which they were delivered or otherwise) in trade and that re-supply is governed by New Zealand law, the Customer will:

(a) include in its conditions of sale a clause to the effect that the Act will not apply where a customer of the Customer acquires or holds itself out as acquiring the Goods for a business purpose;

(b) notify its customers of the effect of sub-clause (a);

(c) take reasonable action to notify its customers at or before the time the Goods are supplied to such customers that Laminex NZ does not undertake that repair facilities and parts will be available for the Goods; and

(d) indemnify Laminex NZ against all losses, costs, damages or liabilities which Laminex NZ may incur or be liable to pay arising out of the Customer's failure to take the action required under this clause 33

Product Safety

34. The Customer must ensure that:

(a) all Goods are handled and used in accordance with any safety directions or guidance notes which are supplied with the Goods;

(b) any safety features of the Goods are not interfered with, modified or disabled;

(d) any staff or agents using or handling the Goods are instructed to comply with subclauses (a), (b) and (c); and

(e) it informs Laminex NZ if there is any suspected design or manufacturing fault that may affect the safety of the Goods in a work place.

35. The Customer acknowledges that:

(a) failure to comply with clause 34 may invalidate any express warranty given by Laminex NZ;

(b) Laminex NZ does not warrant or represent the suitability of any good, service, design, person or organisation for the Customer's use;

(c) the Customer shall be responsible for ensuring that all and any instructions, recommended uses, applications and installations methods are followed and any cautions and/or warnings observed;

(d) where any recommendation or advice has been given by or on behalf of Laminex NZ, Laminex NZ will not be responsible for the actual implementation of the recommendation or the advice or the actions or performance of any other party.

Ownership And Risk

36. Ownership of the Goods (whether or not any of the Goods have been paid for by the Customer) shall not pass to the Customer until the Customer has paid all of the Secured Indebtedness and all the Customer's obligations to Laminex NZ or any Related Company in respect of the Goods or otherwise have been met.

37. Until ownership of the Goods passes to the Customer, the Customer must:

(a) hold the Goods on trust for Laminex NZ as bailee;

(b) store the Goods safely and in such a way that clearly identifies the Goods as the sole property of Laminex NZ and shall not relinquish possession or remove the Goods from the Customer's premises except in the ordinary course of business;

(c) only use or sell the Goods in the ordinary course of business. This authority is revoked immediately if an Event of Default occurs;

(d) insure the Goods against all usual risks for full replacement value. Any insurance claims in respect of damage to, or destruction of, the Goods are hereby assigned by the Customer to Laminex NZ.

(e) disclose to Laminex NZ all information reasonably required regarding the Goods and any on-sale of the Goods by the Customer;

(f) inform Laminex NZ immediately of any attempt by any third party to exercise remedies against the Goods or of any circumstances that may jeopardise Laminex NZ's interest in the Goods;

(g) not do or allow to be done anything that might contribute to a deterioration in the value of the Goods or otherwise adversely affect Laminex NZ's security in the Goods.

38. The risk of any loss or damage to, or deterioration of, the Goods due to any cause whatsoever will pass to the Customer on Delivery. If any Goods are damaged or destroyed prior to risk passing to the Customer, Laminex NZ may promptly repair the Goods or cancel the order in respect of those Goods

without penalty or compensation to the Customer.

39. If the Customer fails to pay for the Goods in full by the due date for payment, or if Laminex NZ considers the Goods are "at risk" (in accordance with the PPSA) Laminex NZ may (in addition to any other rights or remedies it may have) enter the Customer's premises (or any other premises which the Customer has access to and where the Goods are stored) at any time, without notice, to view the Goods and to remove the Goods and may resell the Goods or retain the Goods for the benefit of Laminex NZ or any Related Company, without incurring any liability to any person. The Customer may not revoke the permission granted in this clause.

Security And Personal Property Securities Act

Clauses 40 – 47 below and all other provisions of these terms relating to security for indebtedness apply only to the extent that any transaction subject to these "Terms & Conditions of Sale for non-Trade Credit Account Customers" is ordered on credit or paid for otherwise than in advance by cash, cheque or electronic funds transfer in cleared funds prior to Delivery.

40. The Customer:

(a) agrees that the retention of title in clause 37 of these Terms creates a Purchase Money Security Interest (having the meaning given to that term in the PPSA) in all present and after acquired Goods (and their Proceeds) as security for payment of the purchase price for the Goods until such amount is paid in full; and

(b) grants to Laminex NZ (unless otherwise agreed in writing by Laminex NZ) a security interest in all of the Customer's present and after acquired personal property (as defined in the PPSA) including a fixed charge over all the Customer's real property, wherever situated as security for the due payment of all other Secured Indebtedness, and to secure performance of all obligations owing by the Customer to Laminex NZ or any Related Company. (Such personal property and real property is together the "Secured Property").

41. The Customer undertakes:

(a) to promptly do all things, execute all documents and/or provide any information which Laminex NZ or any Related Company may reasonably require to enable Laminex NZ or any Related Company to perfect and maintain the perfection of its security interests (including by registration of a financing statement); and

(b) not to consent to or enter into any agreement which permits any supplier or other person to register a security interest in respect of any collateral subject to Laminex NZ's security interest, including (without limitation) the Goods (whether an accession or otherwise), which ranks in priority to Laminex NZ's rights as first ranking security holder.

42. To further secure the Secured Indebtedness, the Customer agrees Laminex NZ shall have the right, at its absolute discretion to complete and register a mortgage (in the form of the then current New Zealand Law Society all obligations mortgage) over any interest in any land owned or held by the Customer now or in the future (whether a beneficial or legal interest owned jointly or alone, and as trustee or otherwise) and/or to lodge a caveat against the title to such land and the Customer irrevocably appoints Laminex NZ as its attorney for the purposes of executing and registering such mortgage and specifically authorises Laminex NZ to lodge a caveat against such land.

43. Each security interest created under these Terms is a continuing security, notwithstanding any intermediate payments or settlements of accounts or anything else and is in addition to, and is not to be merged with any other security or guarantee expressed or intended to be security for any Secured Indebtedness or any other obligations owing by the Customer to Laminex NZ or any Related Company.

44. The Customer waives its rights under the PPSA to receive a copy of any verification statement, financing statement or financing change statement (as those terms are defined in the PPSA) and agrees that:

(a) as between Laminex NZ and the Customer, the Customer will have no rights under (or by reference to) sections 114(1)(a), 116, 120(2), 121, 125, 129, 131, 133 and 134 of the PPSA;

(b) to the extent permitted by law these Terms exclude any other provisions of the PPSA which may be excluded in Laminex NZ's discretion and which would otherwise confer rights on the Customer; and

45. The Customer acknowledges that is has received value as at the date of first delivery of the Goods and that Laminex NZ has not agreed to postpone the time for attachment of the security interest granted to Laminex NZ under these Terms.

46. The Customer must not:

(a) change its name, address or contact details without providing Laminex NZ 30 days prior written notice (which may be by email the address of an authorised Laminex NZ representative).

(b) give to Laminex NZ a written demand, or allow any other person to give Laminex NZ a written demand requiring a financing change statement to be registered; or

(c) lodge a change demand or allow any other person to lodge a change demand, in each case in relation to a financing statement registered by Laminex NZ under the PPSA.

47. The Customer will, upon demand, pay all Laminex NZ's expenses and legal costs (on a solicitor-client basis) in relation to or in connection with the registration, maintenance and enforcement of Laminex NZ's security interest.

Default

48. If, at any time and for any reason, an Event of Default occurs, then (without prejudice to any other remedies Laminex NZ may have):

(a) Laminex NZ may suspend or cancel (in whole or in part) any order created under these Terms or any other contract with the Customer by written notice to the Customer;

(b) Laminex NZ may delay delivery of any Goods until the matter is resolved to Laminex NZ's satisfaction;

(d) each security interest created under these Terms will become immediately enforceable;

(e) Laminex NZ may at any time appoint in writing one or more Receivers (jointly and/or severally) in respect of any Secured Property who shall be entitled to exercise all rights conferred on Laminex NZ under these Terms as well as at law generally and pursuant to the Receiverships Act 1993 and otherwise on such terms considered necessary or expedient by Laminex NZ;

(f) Laminex NZ or a Receiver may take possession of the Goods and any other Secured Property (including Goods that have become an accession under the PPSA) and may dispose of them or retain them for the benefit of Laminex NZ or any Related Company and for that purpose may, without notice enter directly (or through its agents) on any premises where Laminex NZ reasonably believes the Goods are stored, without being liable to any person. In respect of other Secured Property Laminex NZ may, in the name of the Customer or otherwise, at any time do anything and exercise any right which the Customer could do or exercise in relation to the Secured Property, including the right to take possession of, demand, collect and get in any Secured Property and deal with it in any way whatsoever including but not limited to disposing of Secured Property, cancelling any contracts, borrowing any money, taking any proceedings in the Customer's name and settling any disputes or proceedings; and

(g) Laminex NZ may suspend all payment credit arrangements offered to the Customer immediately, without notice, until the Event of Default is remedied to Laminex NZ's satisfaction and require future orders to be paid in cash in full prior to Delivery.

49. Laminex NZ does not (and will not be deemed to) undertake any of the Customer's obligations in respect of the Secured Property by virtue of these Terms.

50. Laminex NZ is not required to marshal, enforce or apply under any security interest, guarantee or other entitlement held by Laminex NZ at any time or any money or property that Laminex NZ at any time holds or is entitled to hold.

51. The remuneration of the Receiver may be fixed by Laminex NZ but is payable by the Customer and forms part of the Secured Indebtedness. To the fullest extent permitted by law, a Receiver will be the agent of the Customer and the Customer will be solely responsible for that Receivers acts and defaults.

Laminex NZ may remove any Receiver appointed by providing that Receiver with written notice that the Receiver's appointment has thereby ceased, whereupon the Receiver shall immediately cease to act.

52. The Customer irrevocably appoints, and ratifies the actions or omissions of, Laminex NZ, each Receiver, each nominee of Laminex NZ in whose name any Secured Property is registered and each duly authorised officer or attorney of Laminex NZ severally, to be its attorney (Attorney) (with full power to appoint substitutes and to sub-delegate) on behalf of the Customer and in the Customer's name or otherwise and at its expense to complete, execute and otherwise perfect all assignments, security interests and other agreements and documents, and generally to do all other things which the Attorney may consider necessary or expedient to secure Laminex NZ the full benefit of its rights and intended rights under these Terms and any other contract with Laminex NZ to secure payment of the Secured Indebtedness and performance of the Customer's obligations to Laminex NZ and any Related Company and any matters incidental thereto.

53. A certificate signed by Laminex NZ as to an amount due by the Customer shall be conclusive evidence of such for all purposes, including for any proceedings.

Security Agency

Clauses 54 - 55 below and all other provisions of these terms relating to security for indebtedness apply only to the extent that any transaction subject to these "Terms & Conditions of Sale for non-Trade Credit Account Customers" is ordered on credit or paid for otherwise than in advance by cash, cheque or electronic funds transfer in cleared funds prior to Delivery.

54. From the date these Terms take effect, Laminex NZ will hold the benefit of all security created hereunder for the benefit of Laminex NZ and its Related Companies (and, in such capacity, Laminex NZ is the Security Agent). The Customer acknowledges and agrees that Laminex NZ may, at any time, appoint a Related Company to serve as the security agent to act on behalf of Laminex NZ and its Related Companies and to exercise the rights of Laminex NZ and its Related Companies' rights under these Terms and under any related or ancillary document.

55. Provided that the Customer is presented with a certificate from a party purporting to be the security agent which confirms such appointment under clause 54 (which will be conclusive proof to the Customer of such appointment), the Customer will not be concerned to enquire whether any instructions have been given to any such security agent by Laminex NZ and, as between the Customer and any such security agent, all actions taken by such security agent under these Terms and any related or ancillary document will be deemed to be authorised.

Indemnity And Supporting Guarantee

56. The Customer hereby indemnifies Laminex NZ, its employees, officers, agents, any Receivers and any Attorney appointed pursuant to clause 52 ("Indemnified Parties") against all losses, liabilities, damages, claims, actions costs or expenses (including legal and solicitor/client costs and expenses) which the Indemnified Parties (or any one of them) may incur, of which have been made against any of the Indemnified Party as a result of or in relation to:

(a) any act, omission, default by the Customer or any subsequent purchaser of the Goods;

(b) any breach of the Customer's obligations under these Terms;

(c) anything done or omitted to be done, or purported to be done or omitted by Laminex NZ and/or a Receiver and/or an Attorney in the exercise or purported exercise of its rights under these Terms or conferred by law (and whether or not arising by reason of mistake, oversight, negligence or error of judgment);

(d) any liability, loss or expense arising out of Laminex NZ's security interest in any of the Secured Property, or any act or omission of the Customer in respect of any circumstance which breaches or might breach any environmental law.

57. For Laminex NZ Trade Credit Account customers, if the Customer is a company, then unless otherwise agreed by Laminex NZ, it must procure that a guarantee in the form attached prescribed by Laminex NZ is executed and returned to Laminex NZ as soon as possible.

58. The Customer acknowledges and agrees that, to the extent that any guarantee of any monies or any other obligations owing by the Customer to Laminex NZ or any Related Company is in existence prior to the date

that these Terms are signed, the Customer will procure that such guarantee will remain in full force and effect.

Construction Contracts Act 2002

59. In the event that any sale by Laminex NZ is of a good that means the supply is a "construction contract" within the meaning of the Construction Contracts Act 2002 (CCA) so that the CCA applies to these Terms or any sale under them, then there shall be no progress payments and the Goods shall be paid for in one lump sum on due date.

Privacy

60. Laminex NZ may at any time collect, hold and use information relating to this credit application for any purpose connected with its business including (but not limited to) direct marketing, debt recovery, credit reporting or assessment, and to register any security interest, including collecting information from, and disclosing information to, Related Companies, external credit reporting agencies, debt collection agencies, trade referees and other third parties. Information disclosed by Laminex NZ to credit reporting agencies will be disclosed on the basis that it will be held and used by such agencies to provide credit reporting services. Under the Privacy Act 1993, individuals have rights to access to, and request correction of, their personal information by contacting the Laminex NZ store where the Customer holds an account or has processed transactions.

61. The Customer, any director signing on behalf of the Customer and any Guarantor authorises Laminex NZ to collect, hold and use information from any person or entity for any of the above purposes, and for such person or entity to disclose information to Laminex NZ, and the Customer further authorises Laminex NZ to disclose information to any person or entity for any of the above purposes and such person or entity to collect, hold and use information from Laminex NZ.

Review of Terms

62. Laminex NZ may vary these Terms at any time by publishing the varied terms on the Laminex NZ website (www.Laminex.co.nz). Goods ordered after the date of the publication of the varied terms will be subject to the variation and the placing of the order shall be deemed to be an acceptance of such varied Terms.

General

63. The Customer may not directly or indirectly assign to any person any of its benefits or burdens in respect of the contract created by these Terms. Laminex NZ may at any time assign or transfer to any other person (including without limitation to a Related Company, whether or not acting as a security agent or security trustee of the security created under these Terms) all or any part of its rights, remedies and obligations under these Terms and any related or ancillary document without the Customer's consent.

64. Each provision of these Terms survives to the extent unfulfilled, and remains enforceable and does not merge, on performance of another provision.

65. No delay or failure to act is a waiver. No waiver is effective unless it is in writing. Any waiver of a breach so given, is not a waiver of any other breach.

66. Laminex NZ is not liable for any failure or delay in performing an obligation in these Terms if it is due to a cause reasonably beyond its control.

67. These Terms and each and any security interest created under it will not be discharged, nor will the obligations of the Customer be affected or restricted in any way whatsoever, by any time, indulgence, waiver or consent given to the Customer or another person.

68. Any notice or other communication to the Customer may be served by delivery at the Customer's email, physical account address, address on file from past transactions, any other address specified by the Customer from time to time for such purposes or the Customer's usual residential address (if an individual) or otherwise the Customer's principal place of business or registered office.

69. These Terms will be governed by the laws of New Zealand. The Customer irrevocably agrees to submit to the non-exclusive jurisdiction of the New Zealand courts.

70. The illegality, invalidity or unenforceability of a provision of these Terms will not affect the legality, validity or enforceability of another provision.

71. For credit account customers, provided the Customer is meeting its obligations to Laminex NZ and subject to proof of identity (if requested), the Customer is able to acquire goods from any Related Company of Laminex NZ operating a Laminex NZ store and charge them to their existing account with the Laminex NZ Entity stated in the credit application form.

Definitions And Interpretation

72. DEFINITIONS: In these Terms, unless the context requires otherwise:

(a) CGA means the Consumer Guarantees Act 1993;

(b) Customer means the party(s) placing the order and entering into the transaction, or as stated in the credit application form as the customer (together with its successors), or any other person whose order for the purchase of Goods is accepted by Laminex NZ. If the Customer comprises more than one person, each of those person's liability and agreement is joint and several. Where the Customer is a trust, the trustees liability shall not be limited to the assets of the trust;

(d) Event of Default means:

(i) where the Customer fails to pay, or in Laminex NZ's opinion is likely to fail to pay, any moneys owing when due; or

(ii) where the Customer breaches, or in Laminex NZ's opinion is likely to breach, any non-monetary obligations owing to Laminex NZ or any Related Company whether under these Terms or otherwise; or

(iii) the Customer commits an act of bankruptcy;

(iv) The Customer's ownership or effective control is transferred without Laminex NZ's consent;

(v) if the Customer:

A: becomes insolvent or is unable to pay its debts as they fall due or is deemed or presumed to be so under any law; B: makes, or proposes to make, an assignment, arrangement, composition or compromise with, for the benefit of, or affecting its creditors in relation to any of its indebtedness; or C: a receiver, liquidator, trustee, manager, administrator or statutory or official manager or similar officer is or has been appointed in respect of the Customer or over all or any of the Customer's assets;

(e) Goods means all building materials and hardware, tools and accessories supplied by Laminex NZ to the Customer (together with any Services forming part of the supply of Goods) and in respect of each order of Goods placed by the Customer, the Goods described in the invoice issued by Laminex NZ in respect of such order;

(f) GST means any amounts levied or charged pursuant to the Goods and Services Tax Act 1985;

(g) Installation Services means the installation of Goods or other products at a premises nominated by the Customer;

(h) Laminex NZ means the relevant Laminex NZ Entity stated in the credit application form and its successors and assigns.

(i) PPSA means the Personal Property Securities Act 1999;

(j) Proceeds has the meaning given to it in the PPSA;

(k) Related Company has the meaning given to it in the Companies Act 1993, and in relation to Laminex NZ will include Fletcher Building Products Limited and each Related Company of Fletcher Building Products Limited from time to time (including Fletcher Building Limited and its subsidiaries) and any other entity and/or person authorised to trade under the name Laminex NZ;

(l) Receiver means any person appointed as a receiver or receiver and manager under these Terms or any collateral security;

(m) Secured Indebtedness means all indebtedness, of whatever nature, which the Customer is now or at any subsequent time actually, prospectively or contingently liable to pay to Laminex NZ or any Related Company (including, for the purposes of the PPSA, future advances under or in connection with these Terms or any related or ancillary document);

(n) Secured Property has the meaning given in clause 40;

(o) Services means any services performed by Laminex NZ (its employees, agents or subcontractors) as part of supplying the Goods, including Installation Services and estimation and design services;

(p) Terms means these Terms of sale, as amended from time to time by Laminex NZ in accordance with clause 62.

73. INTERPRETATION

(a) Any reference to a time or time period is deemed to mean that the time or time period is of the essence.

(b) Headings used do not form part of these Terms and are for convenience only.

any by law, regulation, order, statutory instrument, determination or subordinate legislation made under it.