PURCHASE REQUIREMENTS

The understanding debtor (sometimes referred to herein as “you” or “Debtor”) acknowledges the following, and agrees to be bound by the terms herein. You also understand and agree to rights and obligations described in this agreement and hereby agree to such terms that comply with the Federal Fair Debt Collections Practices Act and any applicable state law. You voluntarily, and under no duress, recognize that based on your credit history and/or other circumstances that the granting of credit under this agreement poses a high risk to Prestigio, and therefore, you agree to these terms and conditions in return for the granting of credit.

#1 Assignment; Prestigio Jewelers, Inc. (Prestigio) reserves the right to assign your account at any time to outside lending sources.

#2 Default; If your account becomes delinquent greater than 5 days, your account will be considered in default and a late fee or $25 shall be applied to the account balance. If default occurs, Prestigio reserves the right to accelerate the full account balance to become due immediately.

#3 Contact; In the event an account becomes past due and you fail to contact us, Prestigio may utilize personal references and place of employment as a means of contacting and/or locating you. If the account remains delinquent and you have failed to contact Prestigio, field officers may be dispatched to your home, place of employment, and personal references. The purpose of such action is limited to contacting you/or collecting upon said debt and/or the repossession of secured merchandise purchased through Prestigio and securing your debt.

#4 Collections; In the event your account becomes delinquent greater than 10 days, Prestigio reserves the right to refer your account to outside sources for legal action. You may then be bound, and held liable for any costs incurred by Prestigio or its attorneys, in the process of collecting a debt; such as court costs, processing fees, service fees, and those applied to the applicable Sherrif’s Department. Such costs and fees may be imposed to you in the way of additional amounts owed and added to the proceeding balance for which judgment and/or levy is being sought.

#5 Disclosure; In the event you fail to comply with the payment schedule as outlined on your invoice/account agreement, Prestigio or its attorneys may implement action which may include by are not limited to: 1. Contact with debtor at debtor’s residence, cell phone, personal references, and place of employment; 2. Field officers being dispatched to both debtor’s residence and place of employment for the purpose of contacting debtor and for collecting amounts due and/or the repossession of merchandise securing the debt; 3. Debtor’s account sourced outside of Prestigio for the purpose of instituting legal action; and 4. Civil action filed in the CA Superior Court for the issuance of civil judgment and execution of a wage garnishment for the maximum of 25% of said debtor’s gross income through the Sheriff’s Department to include all expenses incurred by Prestigio.