CREDIT AGREEMENT FIRM Originating Location: Please remit application to: DATE TRADE S (If any) COMPANY FEDERAL ID# MAILING PHYSICAL STATE OF INCORPORATION PHONE FAX BUSINESS TYPE # YEARS IN BUSINESS ( ) INDIVIDUAL ( ) PARTNERSHIP ( ) CORPORATION ( ) OTHER IF SUBSIDIARY -, CITY, & STATE OF PARENT: Please specify SALES TAX: ( ) ALL PURCHASES TAXABLE ( ) ALL PURCHASES EXEMPT ( ) SOME PURCHASES EXEMPT (If exempt, attach current tax exempt certificate with number.) KEY OFFICERS OR PRINCIPALS IN THE BUSINESS: HOME HOME HOME ACCOUNTS PAYABLE INFORMATION: A/P A/P PHONE A/P E-MAIL A/P FAX Page 1 of 5
TRADE REFERENCES: (Preferably building material, construction, or rental related) BANK REFERENCE: (Give your primary bank) BANK ACCOUNT OFFICER BUSINESS CHECKING ACCOUNT NUMBER OPEN LOAN ACCT NO. PRESENT BALANCE OWING AMOUNT OF CREDIT LINE ( ) SECURED IF SECURED, DESCRIBE COLLATERAL: ( ) UNSECURED CUSTOMER REQUESTED ACCOUNT RESTRICTIONS: PURCHASE ORDER NO.: ( ) NOT REQUIRED ( ) REQUIRED COMMENTS: EMPLOYEE REQUIRED: ( ) NOT REQUIRED ( ) REQUIRED COMMENTS: If Applicant chooses to utilize the "employee required" feature, please fill-out page 4. (Note - only persons with rental authorization will be allowed to pick up equipment or sign for equipment deliveries.) CREDIT CARD PAYMENT AUTHORIZATION: CARD TYPE: ON CARD: V-CODE: CARD #: EXPIRATION: ZIP CODE: Cardholder Signature: I authorize the use of this card as payment on Applicant's account in the event that account becomes 30 days arrears. Page 2 of 5
CREDIT AGREEMENT - TERMS & CONDITIONS Applicant in consideration of any extension of credit heretofore or hereafter granted by one or more of the Companies, warrants the above information to be true, complete and accurate and hereby agrees to the following terms and conditions. 1. Applicant authorizes Rental World to make inquiry and to gather additional credit information from any source and hereby authorizes such source or sources to answer such inquiry with true, accurate and complete information about Applicant. 2. Payment is due within thirty (30) days from invoice date, NOT statement date. 3. Any amount unpaid after thirty (30) days is delinquent, and Applicant agrees to pay a finance charge of 1-1/2% per month on balance (18% APR). A minimum monthly finance charge of $1.00 and a monthly late payment fee of at least $25.00 (not to exceed $40.00) will be charged on delinquent accounts. 4. 5. 6. 7. 8. 9. Rental World will accept a valid tax exemption certificate. However, if an exemption certificate previously accepted is not recognized by the taxing authority, and Rental World is required to pay the tax, applicant agrees to reimburse Rental World for th Applicant authorizes any of the companies who at any time are indebted to the Applicant to deduct such indebtedness from sums owed by Applicant to Rental World as direct payment to Rental World against Applicant's debt with Rental World. Any extension of credit is and shall be at the sole discretion of Rental World. Rental World is not be obligated to extend any credit to Applicant, and the extension of credit by Rental World on one or more occasions shall not obligate Rental World to extend any additional credit. Applicant agrees to notify Rental World in writing of any change in ownership of Applicant and of the occurrence of any event which has had or may have a material and adverse effect on the Applicant, its business, or prospects. Applicant agrees to pay all collection costs incurred by Rental World including reasonable attorneys' fees whether or not suit is brought. At the descretion of Rental World, the venue for any litigation arising from this application or the rental contract shall be resolved in Hidalgo County or the county in which the rental occurred. If you agree to the foregoing terms please so indicate by signing below. (Signature required before credit application will be processed and/or approved.) FIRM AUTHORIZED SIGNATURE DATE GUARANTY AGREEMENT In order to induce Rental World to extend credit to hereinafter called Principal Debtor, and in consideration of such credit extension, the undersigned Guarantor(s) does (do) hereby guarantee the prompt payment of all indebtedness of the said Principal Debtor to Rental World. Guarantor(s) hereby agrees to all terms and conditions of rental contract and this credit application. This agreement is a continuing guaranty and can not be cancelled except by written notice to Rental World, LLC at 1020 E. Business 83, McAllen, Texas 78501. In the event of such cancellation, it is expressly understood that the undersigned will be responsible for all accounts owed by the said Principal Debtor except those accounts arising after the actual receipt by Rental World of such cancellation. The undersigned further waives any right to require Rental World to proceed against the Principal Debtor before proceeding against the undersigned, and further waives notice of default and presentment to the Principal Debtor, and agrees that this guaranty will be enforced without proceeding in any manner against the Principal Debtor. This agreement is an unlimited guaranty. The undersigned agree(s) to pay in addition to the principal amount owed, interest at the maximum rate allowed by law, late payment fees as allowed by law, and in the event that this guaranty is turned over to a collection agency or attorneys for Rental World for collection, collection fees or reasonable attorney's fees as applicable. RESIDENCE SOCIAL SECURITY # SIGNATURE RESIDENCE SOCIAL SECURITY # SIGNATURE Page 3 of 5
EMPLOYEE LIST Fill-out and attach when utilizing the "employee required" feature noted on page 2. Attach additional pages as necessary. EMPLOYEE 1 EMPLOYEE 2 LAST FIRST /JOB DESCRIPTION E-MAIL ALLOWED TO RENT? NOTES EMPLOYEE 3 EMPLOYEE 4 LAST FIRST /JOB DESCRIPTION E-MAIL ALLOWED TO RENT? NOTES FOR INTERNAL USE ONLY Pertinent Cash Accounts: Additional Comments: Page 4 of 5
PROJECT INFORMATION Please provide the following information if account is to be utilized for a single project. PERMIT # CITY OF ISSUANCE COUNTY OF ISSUANCE PROJECT START DATE COMPLETION DATE LEGAL DESCRIPTION PHYSICAL LEGAL OWNER OWNER PHONE # OWNER GENERAL CONTRACTOR GENERAL CONTRACTOR PHONE # GENERAL CONTRACTOR Page 5 of 5