Business Credit Application

In consideration of credit being extended by Whit Davis Lumber Plus to the above named applicant for merchandise to be purchased whether the applicant be an individual, individuals, a proprietorship, a partnership, a corporation or other entity, the undersigned guarantor or guarantors each hereby contract and guarantee to Whit Davis Lumber Plus the faithful payment, when due, of all accounts of said applicant for purchases made within five years next after the date of this application. The undersigned guarantor or guarantors each hereby expressly waive all notice of acceptance of this guarantee, notice of extension of credit to the applicant, presentment, and demand for payment on applicant, protest and notice to the undersigned guarantor or guarantors of dishonor or default by applicant or with respect to any security held by Whit Davis Lumber Plus, extension of time of payment to applicant, acceptance of partial payment or partial compromise, all other notices to which the undersigned guarantor or guarantors might otherwise be entitled and demand for payment under this guarantee. Any revocation of this guarantee shall be in writing and delivered to Whit Davis Lumber Plus.

Applicant, in consideration for the extension of credit to Applicant and as an inducement to Whit Davis Lumber Plus to grant such credit, rep- resents and warrants that all information provided is true and correct, and that no unfavorable information has been omitted from this Application. Applicant also represents and warrants that Applicant is solvent and has no pending lawsuits and/or unsatisfied judgments. Applicant authorizes the release of any information to Whit Davis Lumber Plus and specifically authorizes Whit Davis Lumber Plus to investigate any claims made therein or herein. By signing this Agreement, Applicant is indicating the desire to apply for credit from Whit Davis Lumber Plus and agrees to abide by the terms and conditions of this Agreement. Applicant agrees that the extension of credit hereunder is conditioned on the approval of Whit Davis Lumber Plus, who reserves the right to increase, modify. or terminate the credit limit in its sole discretion. Applicant understands the account balance is due and payable in full by the 10th of the following month and that any outstanding balance is subject to finance charges interest and will accrue interest at the maximum rate allowed by law. Whit Davis Lumber Plus is hereby specifically authorized to report to proper persons and/or bureaus on the performance of this Agreement in exchange for the extension of credit. Applicant waives all notices of demand, protest, extensions, and default and hereby agrees, without demand, to immediately reimburse Whit Davis Lumber Plus for all costs, attorneys’ fees, and other expenses incurred in the enforcement of this Agreement and/or the collection of any indebtedness of Applicant owed to Whit Davis Lumber Plus. This Agreement is governed by the laws of the state of Arkansas.