I, {name-9} a duly authorized representative of {text-1} do allow Linmore LED Labs, Inc. to investigate our credit history for the purpose of evaluating our credit worthiness in regards to an open account status. In the event that Linmore does extend open credit, we also agree that we will adhere to all payment terms and conditions as set forth by Linmore on purchases billed to that open account. A service charge of 1.5% per month will be charged by Linmore on any balance which is past due. Should it be necessary for Linmore to institute formal proceedings to collect any past due amounts, Linmore shall be entitled to recover its attorney’s fees and other costs associated with the proceedings. Notwithstanding the acceptance of an order by Linmore, Linmore reserves the right not to ship product due to failure to pay in accordance with Linmore terms or who, in the sole opinion of Linmore, may be unable to meet its payment obligation to Linmore.