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IT IS UNDERSTOOD THAT PAYMENT IS DUE IN ACCORDANCE WITH TERMS OF THE INVOICE. ACCOUNTS ARE REQUIRED TO MAINTAIN AN AVERAGE OF $1,000.00 PER MONTH IN PURCHASES. LATE PAYMENTS WILL BE SUBJECT TO A SERVICE CHARGE OF 1½ % PER MONTH (ANNUAL PERCENTAGE RATE OF 18%). SHOULD REFERRAL TO A THIRD PARTY FOR COLLECTION BE NECESSARY, APPLICANT AGREES TO PAY ALL COST OF COLLECTING. ALL ACCOUNTS ARE DUE NET ON RECEIPT OF INVOICE. THE APPLICANT ALSO AUTHORIZES THE ABOVE BANK / TRADE REFERENCES TO RELEASE ALL INFORMATION REQUESTED BY A. & A. FEDER’S, INC.

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