TERMS & CONDITIONS

1. Title to the property, and any additions, accessions, and substitutions thereto, shall remain vested in seller until agreements hereunder have been punctually performed by purchaser and full payment of purchase price as required herein has been received, notwithstanding any retaking or redelivery to purchaser or granting of extensions of payment hereunder.

2. Purchaser shall not, without the written consent of seller, in any manner: (1) assign, sell, mortgage, lease, loan, or transfer this contract or any interest therein or in property covered hereby; or (2) suffer the property to be encumbered or attached. The property shall remain personal property irrespective of the manner of its attachment to the realty and the title thereto shall be and remain vested in seller until the purchaser thereof has been fully paid in money and purchaser has fully complied with all his obligations under this contract.

3. In the event any installment under this contract is not fully paid as herein specified, or on purchaser’s failure to comply with the conditions hereof or, to the extent permitted by law, in the event of the insolvency as determined by court action or bankruptcy of purchaser, at the election of the holder hereof, the entire amount unpaid hereunder shall become due and payable forthwith, together with attorney’s fee not exceeding 20% of the first $500.00 and 10% on any excess of the amount due and payable under this contract when referred to an attorney. The holder may collect a delinquency or collection charge for default in the payment of this contract or any installment hereof, when such default shall have continued for a period of 10 days, such charge not to exceed 5% of each installment in default or the sum of $5.00, whichever is lesser. Additionally, any invoice that remains unpaid for 30 days or more shall be subject to a late fee of 2% per month on the overdue balance until paid in full. If any invoice payment is 60 days or more overdue, the seller reserves the right to cancel the purchaser's monitoring service at its discretion.

5. Purchaser agrees, on any said acceleration, to pay the full amount hereunder, or, on failure of said payment to deliver the property to said holder, and holder may, without notice or demand performance or legal process, lawfully enter any premises where the property may be found and take possession of it. After said repossession the property may be sold as provided in the new jersey uniform commercial code (n.J.R.S.12a:9-101 et seq.). The proceeds of said sale shall be applied (1) to the payment of the expense thereof: (2) to the payment of the expense of the retaking, keeping, and storing of the property: and (3) the satisfaction of the balance due under this contract. The sum, if any, remaining thereafter shall be distributed according to law. Any deficiency, after application of the proceeds of said sale as aforesaid, as determined by law, shall be paid by purchaser to holder.

4. Seller shall become due for payment in full from purchaser in the amount as shown under balance due on contract after three weeks from date of agreement or at time of installation, whichever is sooner.

5. Seller shall not be responsible for any injury or damage arising through careless or improper use of property. The purchaser will keep property at all times fully insured against loss by fire and theft and other insurance requested by the holder for its protection with any loss payable to seller and purchaser as their interests may appear. The loss, injury, or destruction of property shall not release or abate obligation or purchaser.

6. The seller agrees to replace free of cost for a period of one (1) year from completion of installment, any part of the security installation and/or system made in the structure as specified in this contract, which upon seller’s inspection proves to be defective. The seller, however, is not responsible for equipment and/or installation which is rendered defective through negligence, abuse, and/or mishandling.

7. This contract is subject to contingencies of cause beyond the control of the seller, including but not limited to legislation of any kind, acts, demands, orders regulations or requirements of any government, federal, state, or local, and is subject to any preference, priority, limitation, allocation order or regulation of any person or agency exercising governmental authority, and is also subject to acts of god, fires, floods, strikes, labor difficulties, inability to secure transportation, unusual market conditions, acts of military authorities, war emergencies, or national defense activities.

8. The seller agrees to install in accordance with its standard installation procedures and the equipment and locations are to be determined by the installation technician in charge of the job.

9. Seller reserves the right to change the price of the monitoring service at any time without notice.

10. The seller carries workman’s compensation and public liability insurance applicable to the work performed under this contract.

11. Local building permit fees if any shall be the responsibility of the purchaser. Accurate Alarm Systems Corp. Shall provide any license information required.

12. It is expressly agreed that no oral, statutory, expressed, or implied warranties other than that of the title shall apply to the security system or any parts thereof; and in no event shall the seller be held liable for consequential or special damages.

13. Buyer acknowledges that he has been advised that the seller is in no way connected with any fire or police department or other civic or government authority.

14. No modification, amendment, or waiver of any provision of this agreement shall be effective unless in writing and signed by both parties.

15. The provisions hereof shall be binding upon and shall ensure to the benefit of the parties hereto, their executors, administrators, successors, and assigns.

16. This agreement shall be governed by and construed in accordance with the laws of the state of New Jersey. Any dispute arising under this agreement shall be resolved exclusively in the courts of morris county, new jersey, and the parties hereby consent to the jurisdiction of such courts.

17. Purchaser hereby authorizes and empowers irrevocably seller, its agents, or assigns, to install the equipment in said premises, and to make inspections, tests, and repairs, and further to make any alterations requested by purchaser, after the installation, at the cost of purchaser. Seller is hereby authorized to make any preparations such as drilling holes, driving nails, making attachments or doing any other thing or things necessary or appurtenant to the installation of the equipment. Purchaser agrees to indemnify and hold seller blameless against any claims or demands by the present or any future owner of the premises on which is installed the equipment herein contracted for, arising out of the installation, operation, and/or maintenance of said equipment in accordance with the terms of the agreement.

18. Accurate Alarm Systems (burglary) are designed to warn the purchaser when protected accesses are not properly closed. Should a service call result from a failure of the purchaser to properly close a protected access, the purchaser acknowledges that he/she will pay the seller's standard service charge.

19. Seller shall have the right to assign this agreement to any other person, firm, or corporation without notice to the purchaser and shall have further right to subcontract any services which it may perform.

20. The failure of the seller to insist upon a strict performance of any of the terms, conditions, or covenants herein shall not be deemed a waiver of any rights or remedies that seller may have.

21. Purchaser and/or its agents represents and covenants that he has full authority to enter into this agreement and hereby guarantees all payments covered by this agreement.

22. This agreement is subject to the acceptance of one of the officers of Accurate Alarm Systems, Corp.

23. The purchaser agrees to use Accurate Alarm Systems, Corp. Central station monitoring for a period of 3 years. The 3-year term will automatically renew unless a written notice to cancel is given more than 30 days prior to the renewal.