AGREEMENT BETWEEN MANYAMA LAZARUS AND MATOME SIMON

MALATJI

1.PARTIES
1.1 THE PARTIES TO THIS CONTRACT ARE:

FULL NAMES

..

ID NOSELLER

AND

ID NO ..BUYER

2.SUBJECT MATTER
2.1 THE SELLER SELLS TO A BUYER A MOTOR VEHICLE: OPEL ASTRA 2.0 CSX
A/C

WITH REGISTRATION CDN 565 L , BEARING ENGINE/ SERIAL NUMBER

20SEL25000634

COLOUR METALIC BLUE

2.2 THIS AGREEMENT IS A FORM OF ASSIGMENT AS IT IS SUBJECT TO

CERTAIN CONDITIONS AS IT WILL FOLLOW IN PART 5

3.PURCHASE AGREEMENT
3.1 THE BUYER WILL PAY TWO MONTH INSTALLMENT AHEAD BEFORE HE
TAKE THE CAR , WHICH IS THE AMOUNT R2410.00 X 2 INCLUDING
INSUARENCE.

3.2 THE VIHICLE IS STILL IN DEBITED OF WESBANK FINANCE IN THE SUM OF

R1950.00 MONTHLY.

3.3 THE BUYER IS ASSIGNED TO PAY MONTHLY INSTALLMENT EVERY MONTH

AGREEMENT BETWEEN MANYAMA LAZARUS AND MATOME SIMON
MALATJI

4.PAYMENT METHOD
4.1. THE BUYER WILL BE REQUIRED TO PAY OR DEPOSITE INTO THE SELLERS
ACCOUNT AS WILL BE APROVED ON THE 1ST DAY OF EACH MONTH TO COVER
THE INSTALLMENT.

4.2. THE AMOUMT SO TO BE DEPOSITED WILL BE AN AMOUNT OF R1950.00

IN EACH MONTH.

5.CONDITIONS
5.1 THE SELLER WILL SIGN CHANGE OF OWNERSHIP DOCUMENTS IN FAVOUR
OF BUYER ONCE THE VIHICLE IS PAID IN FULL AND SETTLED.

5.2. THE BUYER WILL BE REQUIRED TO KEEP THE VEHICLE IN A GOOD

CONDITIONS ASLONG AS IT IS STILL INDENTED TO WESBANK.

5.3. THE BUYER WILL NOT SELL IT FUTHER UNTIL ALL THE CONDITIONS IN
THIS AGREEMENT HAVE BEEN DISCHARGED.

5.4. ON THE BASIS OF THE ABOVE CONDITIONS, THE VEHICLE WILL REMAIN
THE PROPERTY OF WESBANK AND THE SELLER HOLDING THE TITLE ON
BEHALF OF THE BUYER.

6.INSURANCE
6.1. THE BUYER WILL REQUIRED TO PAY INSURANCE EVERY MONTH.

6.2. THE BUYER WILL BE REQURED TO HONOUR TIMEOUSLY IN SUCH

PREMIUM PAYMENT TO AVOID ABSURT RESULTS IN CASE OF ANY MISFORTUNE
RELATING TO THE SAID VHICLE

7.DATE OF COMMENCEMENT
7.1. THE PERIOD OF THIS AGREEMENT WILL TAKE EFFECT AS FROM THE
/.2011
AGREEMENT BETWEEN MANYAMA LAZARUS AND MATOME SIMON
MALATJI

7.2. THIS AGREEMENT WILL OPERATE AS SUCH UNTIL IT IS SATIFIED AS IN

PART 5.1

8.ADDRESS
8.1 THE PARTIES ARE AS FOLLOWS:

* NGWAKO LAZARUS MANYAMA, HOUSE NO 506, TICKEYLINE VILLAGE

GA-MAAKE. P.O.BOX 1892, TZANEEN, 0850

*MATOME SIMON MALATJI, HOUSE NO.., MOSHONGO VILLAGE( RITA),

NEXTO KGORONG.

P.O.BOX

SELLER

SIGNATURE

WITNESS

SIGNATURE

BUYER

SIGNATURE.
AGREEMENT BETWEEN MANYAMA LAZARUS AND MATOME SIMON
MALATJI

WITNESS...

SIGNATURE.

SIGNED AT..ON THE....DATE OF

2011.

TIME