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This Payment Agreement (the “Agreement”) is entered into between PONDSTREAM (“Seller”) and the purchasing customer (“Buyer”). Buyer’s placement / confirmation of an order, acceptance of delivery, or submission of payment constitutes acceptance of this Agreement.

1. Payment Terms

Buyer agrees to pay for all goods purchased from Seller on a net 30 basis. Payment is due within thirty (30) days from the date the goods are delivered to Buyer’s designated delivery address, as evidenced by carrier confirmation or delivery receipt.

2. Late Payments

Any amounts not paid when due shall accrue interest at a rate of one percent (1%) per month, or the maximum rate permitted by applicable law, whichever is less, calculated from the thirty-first (31st) day following delivery until paid in full.

3. Payment Method

Payments shall be made via the payment method agreed upon at the time of purchase, including but not limited to bank transfer, credit card, or check. All payments must be made in U.S. dollars and directed to the account designated by Seller.

4. Default and Remedies

If Buyer fails to remit payment within sixty (60) days of the due date, Seller may, at its option, declare all outstanding amounts immediately due and payable, suspend future shipments, and/or pursue any remedies available at law or in equity. Buyer shall be responsible for all reasonable costs of collection incurred by Seller, including attorneys’ fees, court costs, and collection agency fees.

5. Modifications

This Agreement may be modified only by a written document signed by both parties.

6. Governing Law and Venue

This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois, without regard to its conflict of laws principles. Venue for any dispute shall lie exclusively in the state or federal courts located in Illinois.

7. Severability

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

8. Waiver

Failure by Seller to enforce any provision of this Agreement shall not constitute a waiver of Seller’s right to enforce such provision in the future.