SYSTRAN Financial Services Corporation
This Factoring Agreement (the "Agreement") is between SYSTRAN Financial Services Corporation
("SYSTRAN") and United States Antimony Corporation (the"Seller"), whose address is set forth on the last page
hereof. In consideration of mutual covenants herein contained and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. DEFINITIONS: A "Debtor" means a person or entity obligated to pay a Bill. A "Bill" means any right to
payment for services rendered or goods sold by Seller to a Debtor evidenced by a writing which complies with
the general requirements of SYSTRAN as those may be set forth in the Seller Information Manual, as described
in Paragraph 2.8. A "Chargeback" means a return of a Bill to Seller and a debit of Seller's account. "Recourse"
means the right to Chargeback a Bill to Seller.
2. PURCHASE OF BILLS
2.1 Seller agrees to present for purchase such Bills as it desires SYSTRAN to purchase arising from the services
of Seller and goods sold by Seller. SYSTRAN, at its sole discretion, may purchase such Bills as SYSTRAN
determines meet the standards set by SYSTRAN from time to time. Seller shall submit to SYSTRAN an original
and two (2) copies of each Bill which shall be attached to a schedule form provided by SYSTRAN. Should the
Debtor require any additional documentation as a prerequisite to payment, Seller will also provide such
documentation with each Bill.
2.2 SYSTRAN will settle with the Seller by mailing or sending via facsimile to the Seller a settlement statement
setting forth the Bills purchased, the amount paid, and any deductions made for fees, charges or security deposit
and depositing funds as follows: [ ] Mail funds due Seller. [ ] U.P.S. funds due Seller. [ √ ] Wire funds due
Seller into bank account specified by Seller on wire authorization form. [ ] Deposit funds due Seller.
2.3 Any payment to Seller may be reduced