Credit Application

The Company approved for credit shall pay each invoice no later than thirty days from the date of the invoice. Any amount that remains unpaid on or after thirty days from the date of the invoice shall be deemed past due. INTEREST: Interest shall accrue at a rate of eighteen percent per annum for any amount past due, beginning from the date of the invoice until paid in full.

The extension of credit, and this or any contemporaneous or subsequent agreement between Company and Allsteel, shall be governed as to the validity, interpretation, construction, effect and in all other respects by the laws of the State of Florida. Any judicial proceedings brought by or against Company as a result of the extension of credit by Allsteel or this Agreement shall be brought in a court of competent jurisdiction in Miami-Dade County, Florida. Applicant shall pay Allsteel all attorneys’ fees and costs incurred in the collection of any sums due, whether or not a lawsuit is filed, including attorneys’ fees and costs incurred at all trial and appellate levels. Applicant and Allsteel waive the right to trial by jury in any legal action and consent to trial by a Judge.

I/We certify that all of the information on this form is true and correct. I/We fully understand your credit terms and agree to proper payment in consideration of extended credit. I/We understand that an electronic copy of this application will be considered an ORIGINAL by ALLSTEEL. If there are any changes we will notify ALLSTEEL immediately.

In consideration of the Allsteel Group of Companies referenced above extending credit to us, I/we do hereby agree to pay for all goods supplied to us and guarantee the prompt payment of all invoices when due. I/we also agree jointly and severally to personally guarantee all indebtedness to ALLSTEEL. On suit instituted to collect same, I/we agree and promise to pay all costs of collection including reasonable attorney fees.

I / we acknowledge that these obligations shall continue and survive without conditions, even if Company discontinues, sells, assigns or in any manner disposes of the business to which credit was extended to, or when said business declares itself in state of insolvency or bankruptcy. This Guarantee is not conditioned or contingent upon any attempt to collect from Company. This guarantee shall apply to all transactions between Company and Allsteel and shall not be revoked by death, departure, resignation or dissociation of guarantor from Company. I / we are obligated to Allsteel for all payments for which Company may be obligated to Allsteel including interest at the interest rate applicable to Company’s account and costs and expenses of collection, suit or other legal action including attorneys’ fees and costs incurred by Allsteel to enforce this Agreement and this Guarantee.