Credit Agreement

Last updated: July 24, 2026

This Credit Agreement governs any credit account that Dynamic Stone Tools Inc. or any of its affiliates extends to a business applicant ("Buyer"). By submitting a credit application and by purchasing on account, Buyer agrees to these terms.

1. Application & approval

Credit is extended at the sole discretion of Dynamic Stone Tools Inc. and its affiliates We may approve or decline any application, set or change a credit limit, and reduce, suspend or revoke credit at any time.

2. Credit authorization

Buyer authorizes Dynamic Stone Tools Inc. to obtain business and/or personal credit reports and to contact the trade and bank references provided, to verify creditworthiness at the time of application and for ongoing account review, and authorizes those references, banks and credit bureaus to release credit and account information to Dynamic Stone Tools Inc. and its affiliates. A copy or electronic reproduction of this authorization shall be as valid as the original.

3. Payment terms

Your payment terms are set by Dynamic Stone Tools when your account is approved and are shown on each invoice. Invoices are due within those approved terms from the invoice date. Consistent, on-time payment is required to keep the account in good standing.

4. Late payment

Past-due balances accrue a service charge of 2.5% per month (or the maximum rate permitted by law). We may place the account on hold and withhold shipments while any balance is past due.

5. Credit limit & orders

Orders that would exceed the approved credit limit, or that are placed while the account is past due, may be held or require prepayment.

6. Collections

If the account is referred for collection, Buyer agrees to pay all reasonable costs of collection, including attorney’s fees and court costs. A fee may apply to any returned or dishonored payment.

7. Personal guaranty

For certain accounts we may require an owner or officer to personally guarantee the account. If requested, a separate guaranty will be provided for signature.

8. Title & security

Title to goods remains with Dynamic Stone Tools Inc. until paid in full; risk of loss passes on delivery to the carrier.

9. Related terms

This Credit Agreement incorporates our Terms & Conditions of Sale and Return Policy by reference.

10. Governing law

This Agreement is governed by the laws of the Commonwealth of Virginia, United States.

11. Electronic signature

Submitting the credit application with a typed name constitutes a legally binding electronic signature under the U.S. E-SIGN Act and applicable state law.