TERMS

Lotus Advertising will advise and consult with designated officials of the client to plan, place, and direct all media advertising.

All media advertising commissions on all creative work produced by Lotus Advertising will accrue to Lotus Advertising.

In cases where media space is not directly commissionable, a standard commission amounting to 15% of gross will be added to the media cost.

Outside goods and service such as, but not restricted to special supplies, photography, and printing will be billed at actual cost to Lotus Advertising plus commission amounting to 15% of gross, except where directly commissionable.

All pre-press preparation materials produced for the client including, but not restricted to, mechanical art, electronic files, photography, negatives, and plates for printed materials will remain the property of Lotus Advertising.

All production work including copy writing, editing, design, layout, illustration, re-touching pre-press production, is billed at our current hourly rate.

Miscellaneous time connected with consultation, production, and/or travel is billed at one-half our current hourly rate.

Out-of-pocket expenses such as telephone, postage, travel, etc. will be billed at actual cost to Lotus Advertising.

Commencement of each project will be considered a verbal agreement by the client to fulfill all financial obligations for that project.

Billing is handled on a current calendar month basis, with the principle amount due and payable prior to 30 days after the date of invoice.

Projects whose length warrants may be billed in progress with prior notification of the client.

All accounts past due in excess of 30 days will be charged a 1.5% monthly interest charge on the unpaid balance.

Any account past due in excess of 60 days from the initial billing date may be declared in default.

Lotus Advertising reserves the right to charge for any project on a "collect-on-delivery" basis if situations warrant, at the sole discretion of
Lotus Advertising.