General Terms of Trade Credit

FOR WHOLESALE PURCHASE OF LOQUM PRODUCTS

This Credit Contract ("Contract") is issued by Afiya Holdings Pty Ltd (trading as Loqum) ABN: 40661444784 ("Seller") and applies to all wholesale Buyers who choose to proceed without full upfront payment via an invoice under the terms outlined below. By proceeding with an order or accepting an invoice, the Buyer agrees to be bound by the terms and conditions set forth in this Contract.

The invoice issued with this contract will have clear documentation in outlining payment schedules, credit limits (if applicable), and any other conditions to ensure transparency and protect the interests of both parties involved.

This is a legally binding agreement.

PARTIES TO THE CONTRACT

Seller Entity Name: Afiya Holdings Pty Ltd

Address: 659 Sydney Road, Coburg VIC 3058

ABN: 40661444784

Buyer: Any customer with a valid Australian Business Number (ABN) who opts to obtain goods from a seller without making any upfront payment agrees to receive the goods on credit.

TERMS AND CONDITIONS

1. Eligibility Requirements

To qualify for credit terms under this Contract, the Buyer must:

1. Hold a valid Australian Business Number (ABN).

2. Provide proof of ABN registration upon request.

3. Be in good standing with all prior financial obligations to the Seller.

2. Payment Options

The Buyer may choose one of the following payment options:

Option 1: Net 60 Days (0% Upfront Payment)

- Full payment is due within 60 calendar days from the invoice date.

- No upfront payment is required at the time of order confirmation.

- Failure to pay within the specified period will not result in interest charges but may affect the Buyer’s eligibility for future credit terms with the Seller.

Option 2: Net 90 Days (30% Upfront Payment Required)

- The Buyer must pay 30% of the total invoice amount upfront at the time of order confirmation.

- The remaining balance is payable within 90 calendar days from the invoice date.

- Failure to make the upfront payment or settle the remaining balance by the due date will not result in interest charges but may affect the Buyer’s eligibility for future credit terms with the Seller.

3. Acceptance of Products

1. By proceeding with an order or accepting delivery of the products, the Buyer acknowledges that:

- The products have been inspected and are accepted in good condition unless otherwise notified to the Seller in writing within 7 business days of receipt.

- Any claims regarding damaged, defective, or incorrect products must be raised in writing within the specified timeframe. Failure to do so will constitute acceptance of the products as satisfactory.

4. Invoice Details

1. Invoices will be issued electronically via email unless otherwise agreed upon in writing.

2. Payments can be made via direct bank transfer, credit card, or any other method approved by the Seller.

3. Orders will only be processed once eligibility requirements and upfront payments (if applicable) have been verified.

5. Dispute Resolution

1. Any disputes regarding invoices must be raised in writing within 7 business days of receipt of invoice. Failure to do so will deem the invoice accepted and payable under the stated terms.

2. If a dispute arises, the Seller will work with the Buyer to resolve it promptly. However, undisputed amounts remain payable according to the agreed payment terms.

6. Late Payments

While no interest will be charged for late payments, failure to adhere to the payment terms outlined in this Contract may result in:

1. Suspension of future orders until all outstanding balances are settled.

2. Revocation of the Buyer’s eligibility for credit terms in the future.

7. Binding Legal Agreement

By proceeding with an order or accepting an invoice, the Buyer acknowledges that:

1. This is a legally binding agreement between the Buyer and the Seller.

2. The Buyer has read, understood, and agreed to comply with all terms and conditions outlined in this Contract.

3. Breach of this Contract may result in legal action to recover any outstanding debts.

IMPORTANT NOTICE

By proceeding with a wholesale purchase order and accepting an invoice from Afiya Holdings Pty Ltd (trading as Loqum), the Buyer is deemed to have accepted the terms and conditions of this Credit Contract. The Buyer's acknowledgment is confirmed upon provision of the relevant invoice number.

Effective Date: 1st August 2025

Afiya Holdings Pty Ltd

ABN: 40661444784

For questions or clarifications regarding this Contract, please contact our accounts team at storemanager [at] loqumstore.com