Compliance with ABC Regulations: The Application shall be conducted in accordance with the rules and regulations of the State of California’s Alcoholic Beverage Control Commission (“ABC”). This includes, but is not limited to, all invoices being payable and due in full thirty (30) days from date of delivery. The ABC requires Seller to place any account with an outstanding balance of more than thirty (30) days on a C.O.D. basis, and charge interest of 1.5% per month (18% per annum) on any and all balances greater than forty-two (42) days overdue, and again each thirty (30) days thereafter. Termination of Account: In the event of (i) the cessation of business, bankruptcy or insolvency of Purchaser, or a material adverse change in Purchaser’s business or financial condition; or (ii) if all or a majority of the assets or stock of Agent is sold or if there is otherwise a change of “control” as such term is defined under the Securities Act of 1933, as amended, and the regulations promulgated thereunder, then all amounts are due and payable in full immediately and any unsold stocks that have not been paid in full by Purchaser’s account shall be returned to Seller immediately. Collection: Seller reserves the right to limit Purchaser’s credit limit and in the event that Purchaser is turned over to an attorney or other agency (including the Courts of the State of California) for collection, Purchaser hereby agrees to pay any and all reasonable costs incurred by Seller in connection with such collection.