CREDIT APPLICATION - TERMS

I/We warrant that all of the information is true. I/We affirm that I am/we are financially able to meet my/our obligations, and will remit in accordance with the invoice terms. I/We hereby authorize all of the persons or companies named in this application to release to Interstate Billing Service, Inc. (IBS), or its representatives, such information with regard to my/our financial condition as may reasonably have a bearing on this application. I/We authorize IBS to obtain a consumer credit report on my/our personal credit history if necessary, and to use this report in making decisions concerning my/our credit worthiness for a 30-­‐day account. I/We understand a personal guaranty may be required. If I/we refuse to sign this application, I/we will not be considered as a candidate for credit with IBS. A credit guideline may be established at IBS’ discretion. I/We agree to pay any collection costs incurred to collect the unpaid balance of accounts purchased by IBS, including interest on the unpaid balance, as allowed by state law, and any reasonable attorney’s fees. I/We agree to pay in full all our accounts purchased by IBS and not to assert any claims or defenses with respect to such accounts, including any right to offset. Receipt of payment acknowledges agreement to the terms and conditions set forth by IBS. This agreement shall be governed by and construed according to the laws of the State of Alabama. I/We submit to the jurisdiction of any Alabama State or Federal Court sitting in the Northern District of Alabama over any action arising hereunder and agree that all claims will be brought in such Alabama State or Federal Court. I/We further waive any objection on the basis of forum non-conveniens. Nothing in this paragraph shall limit the right of IBS to bring any action or proceeding in courts of other jurisdictions. I/we understand that my/our accounts have been assigned to IBS, agree to make cheques payable to the vendor(s) and to mail all payments c/o Interstate Billing Service, C/O T04220C, PO Box 4220, STN A, Toronto, ON M5W 3B9. Payment terms will be reflected on the monthly statement and/or invoice. If my/our business should sell or close, I/we will advise IBS immediately. The undersigned represents and warrants that he/she is authorized to request credit for the Applicant named above and to sign/submit this application.