Synergy Recovery Corp
Service Agreement

NOTE: The wording of these Terms and Conditions has been adapted for the purpose of
Internet presentation. Exact Terms and Conditions are available upon request.

    This Agreement between the Client and Synergy Recovery Corp (“SYNERGY”), in consideration of the Access charge (below), grants to the Client access to the resources of SYNERGY Cash Recovery Solution (“SCRS”) for past due account recovery. Monthly Access charges are for a minimum of twelve months, cancelable thereafter upon thirty days written notice to SYNERGY.

Access Charge

$25 per month access charge (12 month minimum - $300.00 - to cover set-up)
            

Terms and Conditions

1. SYNERGY will provide for processing of all valid debtor accounts submitted to SCRS by the Client. The Client will pay the account processing charge ($6.95) for each account submitted plus a percentage (the “Recovery Commission”) of the total amounts reported as paid or resolved by the Client. This percentage is computed in accordance with the following “Time Driven Recovery Commission Schedule” and based upon the age of the account at the time it is placed with SCRS.

     Time Driven Recovery Commission Schedule:

Aging is the difference between placement date and the service (or last payment) date. For the aging calculation, if no date is provided by the Client at the time of placement, SCRS will assign an aging date of one year and the 50% Service Fee will apply. Accounts less than $100.00 submitted for payment are billed at a 10% minimum regardless of age. Paid and resolved accounts include payment arrangements, settlements, returned merchandise, and suspensions.

Accounts submitted in error will be billed at 5% if reported within 15 days of start date. The Client will also be billed any applicable state and local taxes. SYNERGY reserves the right to change its Recovery Commission Schedule upon 30 days notice.

2. SYNERGY will send, by first class mail, up to three Client letters to each debtor account demanding payment in the Client’s name. The number of letters sent will be determined based on the aging of each account.

3. If an account remains unpaid, the Client agrees that SYNERGY will automatically transmit debtor data to the national credit reporting services via Synergy Mediation Corp (a collection agency). Synergy Mediation Corp will then maintain the debtor database for a minimum of one year in order to receive debtor updates from the Client and report them to the credit-reporting bureau on the Client’s behalf. The Client agrees that such database is deemed the Client’s database for all purposes.

4. SYNERGY will provide to the Client, upon demand, a report showing status of accounts submitted by the Client to SCRS. At the end of each billing period the Client will receive an invoice summarizing the collection activity for the period and will pay per terms indicated on the Face and referenced in Paragraph 1 via Electronic Funds Transfer (EFT).

5. The Client agrees to promptly report to SYNERGY all payments on accounts in process within SCRS, and all accounts in process within SCRS that the Client considers resolved. In addition, the Client agrees to promptly report all mail returns and address changes, and agrees to an audit in the event of a payment dispute.

6. The Client instructs SYNERGY to add to the original reported Amount Due a Late Payment Charge (as noted on the Face) or such other amount as permitted by state law, and to indicate this added fee on the first Client letter. It is the Client’s responsibility to notify their debtor that such a fee may be added in the event that payment is not remitted as agreed.

7. The Client will provide and maintain a telephone number (the “AR Contact Number") to handle telephone calls received from debtors. This phone number will appear on all letters.

8. SYNERGY assumes no responsibility for, nor does it authorize, any statements, acts, or promises of any person other than the written statements contained here

1-800-682-7298

www.synergybr.com

© 2005 Synergy Recovery Corp