Effective January 1, 2026 These Electrical Services Terms (“Agreement”) govern all electrical services provided by The King’s Electric, LLC (“Contractor”) to its clients (“Client”), including but not limited to residential, commercial, service, repair, and project-based electrical work. ​ By approving a proposal, estimate, work order, or authorizing work to begin, the Client agrees to the terms below. ​ 1. Scope of Work The King’s Electric provides electrical labor, materials, equipment, and supervision as described in approved proposals, estimates, or work orders (“Scope of Work”). Each approved document is incorporated into and governed by this Agreement. ​ Any work outside the approved scope must be authorized in writing through a Change Order. Verbal changes are not binding and may result in additional charges or schedule impacts. ​ 2. Scheduling & Project Start No work will be scheduled, materials ordered, or labor allocated until all required upfront payments and billing arrangements are completed and successfully processed. ​ All timelines provided are estimates. Delays caused by inspections, permitting, utilities, weather, material availability, or circumstances outside the Contractor’s control do not constitute a breach of this Agreement. ​ 3. Payment Options & Client Election The Client must select one (1) of the following payment structures at the time of executing this Agreement. Option A is the Contractor’s preferred payment structure. The selected option will govern billing, scheduling, and payment expectations for the duration of the project unless modified in writing as outlined below. Option 1 – Mobilization Draw / Net 30 Terms (Standard) I acknowledge and agree that: • A non-refundable mobilization draw of 25%–35% is required, determined by project size and material requirements. • No work will be scheduled, materials ordered, or labor allocated until the required draw has been received and successfully processed. • All subsequent invoices will be issued on Net 30 payment terms. • Interest accrues at 2.5% per month (30% annually) on any unpaid balance beginning on Day 31. ​ Option 2 – No Draw / Net 15 Terms (By Approval) I request to proceed without an initial mobilization draw and acknowledge that: • All invoices will be issued on Net 15 payment terms. • Interest accrues at 2.5% per month (30% annually) beginning on Day 16. • Any late or missed payment may result in immediate suspension of work. I understand that this option is subject to Contractor approval and may be revoked at any time if payment risk increases. Alternative Payment Structures Any payment structure outside of the options listed above must be submitted in writing and approved prior to scheduling or commencement of work. Changes to Selected Payment Structure The Client may request a change to the selected payment structure at any time by submitting a written request to accounting@thekingselectric.com.() Any approved changes will apply prospectively and must be confirmed in writing by the Contractor. ​ 4. Invoicing & Payment Terms • Invoices may be issued as progress, milestone, or completion invoices depending on the nature of the work. • Standard billing: Net 30 (with mobilization draw). • Accelerated billing: Net 15 (no draw). Final invoices are due upon completion or final inspection. Close-out documents, warranties, or deliverables may be withheld until all balances are paid in full. ​ 5. Accepted Payment Methods The Contractor offers the following three payment options. Upon signing this Agreement, the Client will be asked to select a preferred payment method. The Client may select more than one payment method to ensure flexibility and uninterrupted service. 1. ACH (Preferred Payment Method) ACH is The King’s Electric’s preferred payment method for all clients. By selecting ACH, the Client agrees to complete a separate ACH Authorization Form, authorizing The King’s Electric to initiate electronic payments directly from the designated bank account in accordance with the approved payment terms. The Client will receive written notice at least two (2) business days prior to any scheduled ACH transaction. Each notice will include the invoice number, amount, and scheduled draft date. ACH payments help ensure timely processing, uninterrupted scheduling, and efficient project execution. ​ 2. Check Payment by check is permitted only with prior coordination and approval from the Finance Department and MUST follow the following guidelines: • Check payments must be overnighted with a valid tracking number or hand-delivered in person by the invoice due date. • Mailing standard checks without tracking is not permitted. • Failure to deliver payment on time may result in immediate work suspension, loss of scheduling priority, or additional fees. To coordinate check payments, I understand I must contact the office at 817-308-6444 or via email at: accounting@thekingselectric.com. 3. Credit Card Credit card payments are available upon request and are subject to a 3% administrative processing fee. A separate authorization may be required. ​ 6. Late or Failed Payments Timely payment is essential to maintaining scheduling priority and uninterrupted service. If any payment is late, returned, or declined, The King’s Electric may, at its discretion: • Suspend work immediately • Delay material orders, inspections, or service calls • Remove the Client from the active schedule or scheduling priority Late Payment Interest For invoices issued on Net 30 terms, any unpaid balance will accrue interest at 2.5% per month (30% annually)beginning on Day 31. For invoices issued on Net 15 terms, interest at the same rate will begin on Day 16. Returned Payments A $35 NSF fee applies to any returned ACH, check, or declined payment. Repeated payment failures may result in requirements for certified funds, modification or revocation of payment terms, termination of services, or referral to collections. The Client agrees to be responsible for all costs associated with collection efforts, including administrative fees, attorney fees, court costs, and lien-related expenses where applicable ​ 7. Change Orders All changes to scope, pricing, or schedule must be approved in writing prior to execution. Verbal approvals are not valid. ​ 8. Permits & Code Compliance The King’s Electric performs work in accordance with applicable local and state electrical codes and the National Electrical Code (NEC). Electrical permits are obtained unless otherwise specified in writing. Non-electrical permits are the Client’s responsibility unless agreed otherwise. ​ 9. Job Site Access The Client must provide safe and reasonable access to the job site, utilities, and work areas. Delays caused by restricted access may result in additional charges. ​ 10. Warranty The Contractor provides a one-year workmanship warranty from the date of service or project completion. Manufacturer warranties apply where applicable. Warranty excludes misuse, third-party modifications, acts of God, or failures unrelated to Contractor workmanship. ​ 11. Limitation of Liability The King’s Electric is not liable for incidental or consequential damages, lost profits, or business interruption. Liability is limited to the amount paid by the Client for the applicable work. ​ 12. Termination Either party may terminate services with ten (10) days written notice. Upon termination, the Client remains responsible for payment of work completed, materials purchased, restocking fees, and any applicable mobilization draw. ​ Agreement Acceptance By approving a proposal, submitting payment, scheduling service, or authorizing work to begin, the Client acknowledges and agrees to this Electrical Services Agreement.