Common use of PAYMENT AND INVOICES Clause in Contracts

PAYMENT AND INVOICES. 4.1 The Payment Terms, and as the case may be agreed installments of the purchase Price of the Product(s), shall be as described and set forth in Exhibit A. 4.2 Unless stated otherwise in the Purchase Order, all MOONBIKES MOTORS invoices are payable in full on or before the due date indicated on the invoice, without exception together with all fees and charges borne by the Customer. MOONBIKES MOTORS may allow a payment in several installments if and only if indicated in the Purchase Order (Refer to Exhibit A). 4.3 Payment shall be made by credit card, direct deposit or wire transfer using the wiring instructions provided by MOONBIKES MOTORS in the Purchase Order and/or appearing on the invoice. Payment by Check or Credit Card may be authorized on a case-by-case basis, at the sole discretion of MOONBIKES MOTORS. A convenience fee of 3% may apply for selected payment means (for example credit card transaction or other online payment methods), at the sole discretion of MOONBIKES MOTORS. 4.4 In the event of a late payment, any payment received shall be charged first against accrued interest and indemnities and then to the principal invoice amount. 4.5 In case of non-payment or late payment on the due date of an invoice, all other pending invoices of a Customer, even those not yet due, may become due immediately, at the sole discretion of MOONBIKES MOTORS. 4.6 Past-due invoices may be subject to a monthly charge equal to the higher of three percent interest (3.00%) per month, or the highest rate of interest permitted by law, with a minimum penalty of $250.00. If any invoice remains unpaid after Thirty (30) days from the invoice date, notwithstanding any agreement or course of dealing between MOONBIKES MOTORS and Customer, (i) all subsequent orders will be accepted only on a C.O.D. or cash-with-order basis until satisfactory credit is re- established at MOONBIKES MOTORS’s sole discretion, and (ii) MOONBIKES MOTORS may suspend shipment of any Product ordered until all outstanding invoices are paid. All overdue accounts are also subject to collection charges, including without limitation, attorney’s fees and court costs. 4.7 Any unpaid balance by the Customer authorizes MOONBIKES MOTORS to suspend, without prior notice and without notification, any delivery and/or subsequent service until full payment. The parties agree that the due and prompt payment of invoices and agreed installments is to be regarded as a material obligation on the part of the Customer. As the case may be, any applicable limited warranty provided by MOONBIKES MOTORS will also be automatically suspended, without any extension of the warranty term and period. 4.8 Invoices are validly issued to the address and/or email address provided in the Purchase Order. In the event of a change of address, email or contact information, Customer shall promptly notify in writing MOONBIKES MOTORS.

PAYMENT AND INVOICES. 4.1 The Payment Terms, and as the case may be agreed installments of the purchase Price of the Product(s), shall be as described and set forth in Exhibit A.the Purchase Order. 4.2 Unless stated otherwise in the Purchase Order, all MOONBIKES MOTORS invoices are payable in full on or before the due date indicated on the invoice, without exception together with all fees and charges borne by the Customer. MOONBIKES MOTORS may allow a payment in several installments if and only if indicated in the Purchase Order (Refer to Exhibit A)Order. 4.3 Payment shall be made by credit card, direct deposit or wire transfer using the wiring instructions provided by MOONBIKES MOTORS in the Purchase Order and/or appearing on the invoice. Payment by Check or Credit Card may be authorized on a case-case- by-case basis, at the sole discretion of MOONBIKES MOTORS. A convenience fee of 3% may apply for selected payment means (for example credit card transaction or other online payment methods), at the sole discretion of MOONBIKES MOTORS. 4.4 In the event of a late payment, any payment received shall be charged first against accrued interest and indemnities and then to the principal invoice amount. 4.5 In case of non-payment or late payment on the due date of an invoice, all other pending invoices of a Customer, even those not yet due, may become due immediately, at the sole discretion of MOONBIKES MOTORS. 4.6 Past-due invoices may be subject to a monthly charge equal to the higher of three percent interest (3.00%) per month, or the highest rate of interest permitted by law, with a minimum penalty of $250.00. If any invoice remains unpaid after Thirty (30) days from the invoice date, notwithstanding any agreement or course of dealing between MOONBIKES MOTORS and Customer, (i) all subsequent orders will be accepted only on a C.O.D. or cash-with-order basis until satisfactory credit is re- re-established at MOONBIKES MOTORS’s sole discretion, and (ii) MOONBIKES MOTORS may suspend shipment of any Product ordered until all outstanding invoices are paid. All overdue accounts are also subject to collection charges, including without limitation, attorney’s fees and court costs. 4.7 Any unpaid balance by the Customer authorizes MOONBIKES MOTORS to suspend, without prior notice and without notification, any delivery and/or subsequent service until full payment. The parties agree that the due and prompt payment of invoices and agreed installments is to be regarded as a material obligation on the part of the Customer. As the case may be, any applicable limited warranty provided by MOONBIKES MOTORS will also be automatically suspended, without any extension of the warranty term and period. 4.8 Invoices are validly issued to the address and/or email address provided in the Purchase Order. In the event of a change of address, email or contact information, Customer shall promptly notify in writing MOONBIKES MOTORS.