Credit Application

For the purpose of obtaining merchandise from DREXEL SUPPLY CO. on credit the undersigned make the following statement, We hereby agree to pay all invoices 30 days from invoice date. All past due invoices will be acessed a 1-3/4% service charge per month until paid. In the even that DREXEL SUPPLY CO. must take legal action or the service of a collection agency we agree to pay all reasonable expenses incurred, including attorney fees and court costs.

In consideration of DREXEL SUPPLY CO. extending credit to the above applicant after this date at the request of the applicant or its agents, undersigned hereby personally guarantees unconditionally the prompt payment of any sums now and hereafter owed to DREXEL SUPPLY CO. for the supplies or or work performed whether the sums are or will be due under open account, or contract or otherwise. This guarantee shall continue in force until written notice is received by DREXEL SUPPLY CO. stating the date on which the guarantee is to be terminated, said date not to be less than (7) days after the described notice is received.