Business Entity Credit Agreement

In consideration of Seekonk Supply, Inc. (“SSI”) extending credit to the undersigned business entity customer (“Customer”), Customer agrees that the following terms shall govern all future transactions between SSI and Customer unless and until modified by a written instrument signed by a corporate officer or Credit Manager of SSI: (1) All invoices shall be due and payable within 30 days of the invoice’s date; (2) Customer shall pay a finance charge of 18% on all past due invoices; (3) Customer shall forthwith upon demand reimburse SSI for all expenses incurred on non-negotiable checks and/or for reversed credit card charges; (4) Customer shall immediately notify SSI in writing via certified mail, return receipt requested in the event of change in trade name and/or entity legal status, e.g., termination , amendment or merger; (5) All past-due invoices which are forwarded by SSI to its counsel for collection shall be subject to attorney’s fees, as liquidated damages, in an amount equal to 33.3% of the gross balance owed, inclusive of finance charges, and regardless whether litigation has been commenced. Customer agrees tht said liquidated damages represent a fair and reasonable calculation of SSI’s damages n the event that Customer’s account is forwarded by SSI to its counsel for collection, and that same does not constitute a so-called “penalty” and (6) All demands, claims, a ctions, causes of action, suits, roceedings and litigation between SSI and Customer (collectively the “Parties”) arising out of or in any way connected with this Agreement and the Parties’ performance hereunder, or any claim of damage resulting from any act or omission of the Parties, shall be commenced in the state courts of Bristol County, MA only.