TERMS HEREIN: MICROSEL, INC. shall hereinafter be referred to as “The Company “

PRICES & TERMS OF PAYMENT: All prices quoted are exclusive of taxes, freight charges, and handling charges.  All goods are payable COD cash or cashiers check immediately upon receipt. Unless otherwise stated by the Company.  A finance charge of one point five percent (1.5%) simple interest per month shall be applied to past due accounts.

FEES AND COSTS: Purchaser shall pay all cost and expenses incurred by the Company in collection of any sums owing by the purchaser, including reasonable legal fees.  Each returned check shall be subject to a twenty five-dollar USD ($25.00 USD) handling charge.

SECURITY INTEREST: Upon delivery and acceptance by the purchaser, as security for the due and punctual payment of any sums due there under or under any purchase order from the purchaser to the Company, purchaser hereby grants to the Company a continuing security interest in all the products and any proceeds thereof in which the purchaser now has or hereafter has any right, title or interest.  Purchaser shall join the Company at the Company’s request in executing a financing statement, any amendments thereto and continuation statements and pay the cost of the filing of the same whenever the Company deems desirable and execute and deliver to the Company all documents and instruments, and perform such other acts as the Company may reasonably request in order to effectuate fully the purpose of this grant of security interest.  In the event the purchaser is in default under the security agreement provided herein, the Company shall have all rights and remedies provided by law.

DELIVERY: Shipment of all products shall be FOB the Company warehouse, unless otherwise indicated.  In the event of damage: delay or loss due to the mishandling in transportation, purchase shall deal directly with the common freight carrier.  Purchaser shall provide the Company with shipping instructions.  If no specific instructions are given, the Company will select the most reasonable shipping method to ensure on time delivery, with reasonable freight cost.  The Company is not liable for delay of any freight charge for shipment due to the absence of shipping instructions from the purchaser.

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