TemTex Temperature Systems, Inc.: Credit Application

Credit Application

Please fill out the credit application below:

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APPLICANT

* Full Name:

* Address:

* Phone:

• Fax:

• Web Site:

• Type of Business:

* Year Established:

• President:

• Treasurer:

* TIN #:

* State ID #:

* Amount of Credit Requesting:

Accounts Payable

* Full Name:

• Address:

• Phone:

• Fax:

* Email:

References

• Company Name:

• Address:

• Phone:

• Fax:

• Years doing business:

• Company Name:

• Address:

• Phone:

• Fax:

• Years doing business:

• Company Name:

• Address:

• Phone:

• Fax:

• Years doing business:

* Personal Gaurantee and Agreement:

In consideration of any extension of credit, loan, or other financial accommodation heretofore, now or hereafter made to ('Account Debtor') by TemTex Temperature Systems Inc., the undersigned hereby guarantees absolutely and unconditionally the prompt payment when due, and at any time thereafter, of all indebtedness and obligations of every kind and nature of Account Debtor to TemTex Temperature Systems Inc., absolute or contingent, due or to become due, now or hereafter existing, as well as any renewals, extensions or modifications of such indebtedness (the 'Indebtedness'), and in addition, the undersigned agrees to pay all expenses, including attorneys fees and legal expenses, paid or incurred by TemTex Temperature Systems Inc. to collect the Indebtedness, or any part thereof, and to enforce this guaranty. The undersigned also further agrees that all payments and obligations of Guarantor are performable in Grayson County, Texas. Guarantor further agrees that the laws of the State of Texas shall govern any transactions made between TemTex Temperature Systems Inc., Account Debtor and/ or Guarantor. Applicant further agrees to waive personal jurisdiction and venue in any dispute arising from, or relating to, the sale or goods or services by TemTex Temperature Systems Inc. to ACCOUNT Debtor and/ or the enforcement of this Personal Guarantee and agrees that any dispute between TemTex Temperature Systems Inc. Account Debtor and/ or Guarantor shall be exclusively resolved in the Courts of Grayson County, Texas.

The undersigned waives presentment, protest and notice of dishonor or default, notice of acceptance of the guaranty, notice of extensions of credit or other actions taken in reliance hereon, and all demands and notices of any kind in connection with this guaranty or the Indebtedness and further waives necessity of bringing suit or making legal demand on Account Debtor prior to enforcement of the guarantee. TemTex Temperature Systems Inc. without notice of any kind, may sell, assign, or transfer any of the Indebtedness to a third party, and in such event, each successive assignee, transferee or holder of any of the Indebtedness shall have the right to enforce this guaranty for the benefit of such assignee, transferee, or holder. This guaranty shall be binding on the heirs, legal representatives, successors and assigns, of the undersigned and shall insure to the benefit of TemTex Temperature Systems Inc., its successors, and assigns.

The information provided on this application is complete and accurate. I authorize TemTex Temperature Systems Inc. to inquire on our credit history. The company which I represent is financially capable and will pay TemTex Temperature Systems Inc. all invoices according to their terms. ALL PAST DUE INVOICES ARE SUBJECT TO AN ADDITIONAL 1.5% INTEREST PER MONTH SERVICE CHARGE WHICH AMOUNTS TO 18% ANNUAL PERCENTAGE RAGE (APR). Collection fees, legal fees and court costs are recoverable by TemTex Temperature Systems Inc. if the account is turned over to a third party collection agency or if legal action is taken to recover payment.

* Security Phrase:

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