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PNEOPOS i
<br />Agreement shall have the same meanings in this NeoFunds
<br />Agreement, except that 'We," 'Us," and "Our," refer to
<br />Mailroom Finance, Inc., an affiliate of Neopost USA Inc.
<br />Sections 17 through 24 of the Lease are hereby incorporated
<br />Into this Account Agreement except that any reference in
<br />those sections to the "Lease" refers to this Account
<br />Agreement.
<br />2. Establishment and Activation of Account. You
<br />hereby authorize Us, to establish an account in Your name
<br />("Account") for funding the purchase of postage from the
<br />United State Postal Service ("USPS") for use in the postage
<br />meter. Your Account may also be used to purchase supplies,
<br />pay for the Postage Meter rental, and obtain certain other
<br />products and services from Neopost USA. The establishment
<br />of Your Account shall be subject to Our approval of Your
<br />creditworthiness. Any use of the Account shall constitute
<br />Your acceptance of all the terms and conditions of this
<br />Account Agreement and all other documents executed or
<br />provided in connection with the Account. The Account may
<br />not be used for personal, family, or household purposes.
<br />3. Operation of Account. Each time an employee or
<br />agent of Yours with the express, implied, or apparent
<br />authority to do so (each an "Authorized User") uses the
<br />Account to receive a postage meter reset or obtain other
<br />products or services that Neopost USA Inc. Is authorized to
<br />provide, Neopost USA Inc. will notify Us of the amount to be
<br />applied to Your Account balance. If the Account is used to
<br />obtain postage, then We will transfer the requested amount of
<br />postage to the LISPS on Your behalf and Your Account will be
<br />charged for the amount of postage requested and any related
<br />fees, if applicable. You can continue to pre -pay the USPS for
<br />postage and understand that pre -paid postage funds will be
<br />used first to pay for my postage meter resets. You further
<br />understand that NeoFunds/Totall'unds will provide additional
<br />available postage funds when Your pre -paid account balance
<br />Is zero ($0). When You request a postage meter reset, if You
<br />have the funds on account with the USPS, those funds
<br />automatically will be withdrawn first to pay for postage, and
<br />any additional amounts due for postage and related fees will
<br />be billed through the NeoFunds/Total Funds Account under the
<br />terms and conditions of this Account Agreement. If the
<br />Account is used to acquire products or services that Neopost
<br />USA is authorized to provide, then We shall pay the applicable
<br />amount to Neopost USA Inc. and add such amount to Your
<br />Account balance.
<br />4. Payment Terms. You will receive a billing statement for
<br />each billing cycle in which You have any activity on Your
<br />Account. Payments are due on the due date shown on Your
<br />billing statement. You may pay the entire balance due or a
<br />portion of the balance, provided that You pay at least the
<br />minimum payment amount shown on Your statement.
<br />However, if You have exceeded the Account Limit, then You
<br />must pay the entire amount of any overage, as well as the
<br />minimum payment amount shown on Your statement.
<br />Whenever there is an unpaid balance outstanding on Your
<br />Account which is not paid in full by the duedate shown on
<br />Your billing statement, We will charge You, and You agree to
<br />pay, interest on the unpaid balance of the Account for each
<br />day from the date the transaction is posted to Your Account
<br />until the date the unpaid balance is paid in full, at the Annual
<br />Percentage Rate (as defined below). The Account balance
<br />that Is subject to a finance charge each day will Include
<br />outstanding balances, minus any payments and credits
<br />received by Us on Your Account that day. The Annual
<br />Percentage Rate applicable to Your Account will be equal to
<br />the lesser of eighteen percent (18.00%) per annum or the
<br />maximum permitted by law. Each payment will be applied to
<br />reduce the outstanding balance of Your Account and replenish
<br />the amount available to You. We may refuse to extend
<br />further credit if the amount of a requested charge plus Your
<br />existing balance exceeds Your Account Limit.
<br />S. Account Limit and Account Fees. You agree that We
<br />will establish a credit limit on Your Account (the 'Account
<br />Limit"). The exact amount of the Account Limit will be
<br />indicated on Your invoice. We may, in Our sole discretion,
<br />allow Your balance to exceed the Account Limit. In the event
<br />We do so, You agree to pay Us an additional fee equal to one
<br />percent (1%) of the amount by which the Account Limit is
<br />exceeded for each transaction that You initiate after Your
<br />Account has reached the Account Limit. Such amount will be
<br />charged to Your Account on the date that the relevant
<br />transaction(s) occurs. Unless prohibited by applicable law,
<br />You agree to pay the amounts set forth in this Account
<br />Agreement, which may Include, without limitation, the
<br />amounts spedfled above, a fee for a late payment, a fee for
<br />any checks that are returned as a result of insufficient funds,
<br />a fee for any ACH direct debit transactions which are rejected,
<br />and an annual account fee. All such fees shall be added to
<br />Your Account balance.
<br />6. Cancellation and Suspension. We may at any time
<br />close or suspend Your Account or temporarily refuse to allow
<br />further charges to Your Account. You can cancel Your
<br />Account at any time by notifying Us In writing at the address
<br />provided on Your Account statement of Your desire to do so.
<br />No cancellation or suspension will affect Your obligation to
<br />pay any amounts You then owe under this Account
<br />Agreement. We will notify You of the Account balance In the
<br />event of any termination and all outstanding obligations will
<br />survive the termination of this Account Agreement by either
<br />party.
<br />7. Default. We may declare You in default if You: (1) have
<br />made any misrepresentations to Us; (11) at any time, have
<br />done or allowed anything that indicates to Us that You may
<br />be unable or unwilling to repay the balance of Your Account
<br />as required under this Account Agreement; or (III) are In
<br />default under this Account Agreement or any lease, rental, or
<br />other agreement with Us, Neopost USA Inc., or their affiliates.
<br />If You are In default, or upon any cancellation of Your
<br />Account, We shall not be obligated to continue to provide the
<br />Account service or extend further credit under this Account
<br />Agreement. if We are required to take collection action or
<br />any other legal action under this Account Agreement, You
<br />shall pay upon demand by Us all court and collection costs,
<br />along with reasonable attorney's fees. These remedies shall
<br />be cumulative and not exclusive, and shall be in addition to
<br />any and all other remedies available to Us.
<br />8. Remedies. If We have declared that You are In default
<br />under this Account Agreement, then We may: (1) declare all
<br />agreements You have with Us in default and due and payable
<br />at once without notice or demand; (11) refuse to make further
<br />advances on Your behalf to reset Your postage meter; and
<br />(III) exercise any other rights that We may have. In addition,
<br />You agree that any default under this Account Agreement
<br />shall constitute a default under any agreement You may have
<br />with any of Our affiliates, Including, but not limited to,
<br />Neopost USA Inc., MailFinance Inc.
<br />9. Amendments. We may amend this Account Agreement,
<br />or any of its provisions, including without limitation any fees
<br />and charges and/or the Annual Percentage Rate, at any time
<br />by at least thirty (30) days written notice to You, and such
<br />written notice may be included in Your billing statement. Any
<br />such amendment will become effective on the date stated in
<br />Page 5 of 6 Dealer Product Lease Version: Dealerlease-VO4-16
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