PAYMENT POLICY

1.0 PURPOSE AND APPLICABILITY

1.1 Generally. This Payment Policy (“Policy”) governs payment for goods (“Goods”) or services (“Services”) provided by Centranz, Inc., a Missouri corporation or Centranz Parts and Manufacturing Company, a Missouri corporation (each, “Centranz”) to you, the purchaser of such goods or services (“Customer” or “you” and together with Centranz, the “Parties” and each, a “Party”). This Policy shall be binding on you, the Customer, any time you purchase Goods or Services. Therefore, you should read this Policy carefully. This Policy is subject, in all legal respects, to [Centranz’s General Terms and Conditions for the Sale of Goods and Services], located at centranz.com (the “Terms”). Capitalized terms used within this Policy but not otherwise defined herein shall have the meanings given to them in the Terms.

1.2 Applicability. This Policy prevails over any Customer payment policy even if Customer has submitted its purchase order or such terms. Fulfillment of Customer’s order does not constitute acceptance of any Customer terms or conditions and does not modify or amend this Policy.

2.0 GENERAL PROVISIONS

2.1 Invoicing Procedure. For each sale of Goods or Services Centranz will prepare and deliver an invoice to Customer. The invoice will include such information as Centranz deems reasonably necessary to identify the Goods and/or Services, including quantity, description, price, payment terms, applicable taxes, and freight. Centranz will deliver the invoice to Customer within a reasonable time after Customer has executed a Confirmation of Sale or, at the discretion of Centranz, within a reasonable time after Customer has given Centranz written or oral confirmation of the sale.

2.2 Payment. Customer shall pay all invoiced amounts to Centranz in advance of Centranz shipping Goods or providing Services unless and only if other payment terms have been accepted by Centranz in writing. Customer shall make all payments to Centranz by wire transfer, certified check, or by credit card (subject to Section 3.1). All payments shall be made in immediately available funds of U.S. Dollars.

2.3 Late Payments. If Customer does not pay any amount when due, then Customer shall pay interest on all such past-due amounts at a rate equal to the lesser of (a) 1.5% per month; or (b) the highest monthly rate permissible under applicable law, in each case calculated daily and compounded monthly. Customer shall promptly reimburse and indemnify Centranz for all costs and expenses incurred in collecting any late payments, including, without limitation, reasonable attorneys’ fees and collection costs. In addition to all other remedies available to Centranz by law, contract, or equity (which Centranz does not waive by the exercise of any rights hereunder and expressly reserves), Centranz shall be entitled to suspend the delivery of any Goods or performance of any Services if Customer fails to pay any amounts when due and such failure continues for twenty (20) days following Centranz’s written notice thereof.

2.4 Set-off not Permitted. Customer shall not withhold payment of any amounts due and payable by reason of any set-off, offset, or dispute with Centranz, whether relating to Centranz’s breach, bankruptcy, or otherwise.

3.0 PAYMENT METHODS

3.1 Credit Card. Centranz accepts credit cards payments subject to the following terms and conditions:

3.1.1 Type. Centranz only accepts MasterCard, Visa, Discover Network, or American Express credit or debit cards.

3.1.2 Fees. Customer is responsible for all fees associated with credit card transactions. Centranz will itemize credit card fees on Customer’s final invoice and Customer shall pay such amounts to Centranz upon receipt.

3.1.3 Chargeback. Credit card “Chargeback” – i.e., the process where a cardholder has contacted his/her card-issuing bank to dispute a charge – is NOT a remedy for settling disputes between Customer and Centranz involving defective Goods or Services, and is not permitted. For guidance on available remedies, please refer to the Terms.

3.1.4 Rejection of Card. Notwithstanding anything to the contrary herein, Centranz reserves the right to refuse credit card payments at any time and to require that Customer pay by a different method.

3.1.5 Attorney’s Fees. Customer shall pay all attorney fees, court costs, and other expenses incurred by Centranz in connection filing any lawsuit or initiation of any collection efforts to recover unpaid fees from Customer, including without limitation the cost of Goods, interest charges, administrative costs, and collection agency fees.

3.2 Checks and Money Orders. Centranz accepts checks and money orders, subject to the following terms and conditions:

3.2.1 Type. Centranz accepts company checks, personal checks, cashier’s checks, and money orders, so long as Customer has immediately available funds for such checks and orders.

3.2.2 Crediting against Customer’s Invoice. Centranz will apply payment by check to the Customer’s invoice promptly after Customer’s payment is received, meaning that Customer’s check has been paid by Customer’s bank without a payment hold.

3.2.3 Returned Check Charges. Centranz charges a thirty and NO/100 USD ($30.00) fee for all returned checks. Customer shall pay this fee upon receipt of Centranz’s invoice for the same.

3.2.4 Delivery. All checks or money order should be payable to Centranz, Inc., or Centranz Parts and Manufacturing Company (as applicable).

Checks sent via U.S. Mail should be sent to:

Centranz, Inc. / Centranz Parts and Manufacturing Company

P.O. Box 497
Buckner, Missouri 64016

Checks sent via UPS or FedEx should be sent to:

Centranz, Inc. / Centranz Parts and Manufacturing Company

27208 East U.S. Highway 24
Buckner, Missouri 64016

3.2.5 U.S. Dollars. Checks must be payable in U.S. Dollars.

3.3 Wire Transfers. Centranz accepts wire transfers subject to the following terms and conditions:

3.3.1 Minimum Payment. Wire transfers are only available for payments that exceed $100.00.

3.3.2 Transaction Charges and Type. Customer is urged to contact its financial institution for assistance in all wire transfer transactions. Customer is responsible for (and shall promptly reimburse Centranz for) all fees and charges incurred by paying via wire transfers. ACH, EFT, or e-check payments are not acceptable forms of payment.

3.3.3 Payment Notes. In the wire transfer payment notes, please include Centranz’s invoice number.

3.3.4 Transaction Details. Customer must provide the following information at the time of transfer:

• The transfer date;
• The originating bank routing number, account number, and address; and
• The name of the account from which payment was sent.