Armstrong, Madison & Chase - Information

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ARMSTRONG MADISON & CHASE

One World Trade Center 85th Floor

New York, NY 10007

Tel: (212) 634-6900

Fax: (201) 236-2332

Email: amc@amcworldwide.org

______________________________________________________________________________

The foregoing Collection Agreement, Executed this day of , year of , by and between Armstrong, Madison & Chase herein after know as "AGENCY", and

herein after known as "CLIENT", sets forth the following terms and conditions:

In consideration of services to be rendered, the undersigned hereby assigns to Armstrong, Madison & Chase title to claims or accounts submitted now or in the future and agree to the following collection commissions:

NO COLLECTION...NO CHARGE

Claims over $1,000.00 and less than one year from the date of last sale or payment- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -25.00%

Claims under $1,000.00, over 1 year old, skips, second placements, out of business, judgments- - - - - - - - - - -25.00%

International Accounts and those cases forwarded to a receiving attorney for legal action commence at - - - - - - - - - - - - - - - -35.00%

Once a claim is submitted for collections, CLIENT agrees to cease all direct involvement with a debtor, including any discussions with the debtor or its agent and refer all debtors to AGENCY. Merchandise returned to CLIENT by a debtor will be subject to full fee. Commissions in full will apply on claims settled, found not owed, paid prior to submission, submitted concurrently with another entity, interfered with, withdrawn or ordered dropped during AGENCY's process of collection. No claim that AGENCY has an active payment agreement with a debtor will be closed and returned to CLIENT absent payment of commissions in full being paid. AGENCY is authorized to us its discretion in settlement of a claim.

AGENCY is authorized to endorse checks, money orders, notes or other papers in CLIENT's name. CLIENT agrees to notify AGENCY by facsimile or e-mail of any payment they receive, returned merchandise or credit given for any claim within (5) days of its receipt. AGENCY remittance to CLIENT shall be in the form of a statement which shall show the date and amount of each payment collected, and will be done by the 25th day of each month for all good funds received for the previous month.

In the event that payment(s) received from a debtor are returned not honored by any financial institution, after remittance to the other party, both parties agree to promptly refund the amount remitted to the other party.

This Agreement shall be interpreted, construed and enforced in all respects in accordance with the laws of the state of New York, without regards to its conflicts of laws principals. Each party irrevocably consents to the jurisdiction of the courts of New York County New York in connection with any action to enforce the provisions of this agreement. This agreement is in effect upon execution by the client. No verbal communication shall supersede this agreement. Any changes to any typed portion of this agreement, or written add-ins, are void and underlying typed term shall survive and remain in full effect. Changes to any term of this agreement must be done in writing separate and signed by both parties. Both parties agree that a faxed or e-mailed copy of this agreement shall be treated as the original.

CLIENT: AGENCY:

Armstrong Madison & Chase

Jack Chase, Senior Managing Partner

One World Trade Center 85th Floor

New York, NY 10007

Tel: 212-634-6900

Fax: 201-236-2332

amc@amcworldwide.org

Signature: ___________________ Signature: _____________________

Date: _______________________ Date: __________________________

Confidential, Property of Armstrong, Madison & Chase