PAYMENT CONTRACT

PAYMENT CONTRACT

This Payment Agreement is entered into on _________ by and between
__________________ of ______ (hereinafter referred to as
‘Company’) and _________ of _____ (hereinafter referred to as
‘Client’). Individually referred to as Party, collectively referred to as Parties.

  1. DEFICIENCY ACKNOWLEDGMENT
    The Client agrees and acknowledges that it owes the Company an amount equal to the
    Deficiency amount as follows: __________. Nothing in this Agreement is a
    waiver of any amounts owed and in the event of any breach to this Agreement by the Client, the
    Company’s rights to the Deficiency amount shall not be limited.
  2. CLIENT REPRESENTATION AND WARRANTY
    The Client hereby represents and warrants that this Agreement and the payment plan herein has
    been developed in a manner that the Client reasonably believes it can pay the Client without
    further interruption notwithstanding an additional change in circumstances.
  3. PAYMENT PLAN
    The Parties agree to the payment plan as follows: The Client agrees to pay the full amount within
    30 days after receiving the Hard drive.
  4. METHOD OF PAYMENT
    Payments shall be made to the Company in accordance with the Payment Plan via:
  5. RELEASE AND INDEMNIFICATION
    In consideration for agreeing to this Payment Agreement, the Company hereby releases claims
    against the Client related to the deficiency as of the date of this Agreement. However, nothing in
    this Agreement is meant to release the Client from its obligation to pay.
  6. ACCELERATION UPON BREACH

In the event the Client fails to make any payments according to the payment plan, upon reaching
7 days after the failure to make such prescribed payment, the amount shall immediately become
due and payable.

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