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DocuSign Envelope ID: E2377815-D922-4567-9lC8-D342867F1906 <br /> agreement. If the new owner or successor fails to assume your obligations under the Contract,then you agree to pay to <br /> Otis all sums due for the unexpired Term. <br /> PAYMENTS <br /> Beginning on the Effective Date, payments will be due and payable on or before the first day of the contract year in <br /> which services are rendered beginning on the Commencement Date. <br /> The work shall be performed for the agreed price plus any applicable sales,excise or similar taxes as required by law. In <br /> addition to the agreed price,you shall pay to us any future applicable tax imposed on us,our suppliers or you in <br /> connection with the performance of the work described. <br /> You agree to pay a late charge from the date such sums become due of one and one-half percent(1.5%)per month,or the <br /> highest legally permitted rate,whichever is less,on any balance past due for more than thirty(30)days,together with all <br /> costs (including,but not limited to,attorneys' fees)incurred by us to collect overdue amounts. <br /> Failure to pay any sum due by you within sixty(60)days will be a material breach.We may at our option declare all <br /> sums due or to become due for the unexpired term immediately due and payable as liquidated damages,and until the <br /> same are paid be discharged from further obligations under the contract. <br /> Electronic Funds Transfer Payments (ACH/EFT) <br /> Transmission Format <br /> Accepting CTX(Corporate Trade Exchange) format only. This format allows for up to <br /> 9,999 invoices per payment and supports detailed remittance data. It allows the combining of <br /> multiple invoices on a single payment and will ensure automatic credit to your accounts, as long <br /> as the entire Otis invoice number(s) is transmitted in the exact Otis format (examples below). <br /> Please use the IV (which stands for invoice number) Qualifier when providing the Otis <br /> invoice number. <br /> Minimum Payment Information <br /> The following information is required with each transmission: <br /> -Payment Amount <br /> -Use the IV Qualifier to provide the ENTIRE INVOICE NUMBER(12 numbers in exact Otis <br /> format). <br /> -Example 100400125483 or 110400087253. <br /> -Payment Date <br /> Depository Information <br /> Depository Institution: JP Morgan Chase <br /> Depository Address PO Box 31339-33631-3339, Tampa, FL 33631-3339 <br /> ©OTIS ELEVATOR COMPANY,2011 All Rights Reserved LiNX Form MNT-OM(01/30/13)Proposal#:A0I597 <br /> Page 8 of 10 <br />