CREDIT APPLICATION AND AGREEMENT                       Page 1

THE UNDERSIGNED hereby applies to Stone & Company for an open credit account and represents and warrants the following credit information to be true, accurate and complete.

ANY CREDIT EXTENDED will be in reliance on the statements herein, which are certified to be correct and complete.  If any part of this application is incorrect or incomplete, then the total indebtedness shall become immediately due and payable.

FOR AND IN CONSIDERATION of goods received or to be received on open account, the undersigned hereby promises to pay Stone & Company the following:

1.    The balance shown on each invoice in full according to the terms on each invoice;

2.       Service charges of 1.5% PER MONTH or 18% PER ANNUM on the amount of the open account which

is 30 days past due;

3.    The entire balance of the open account, at the option of Stone & Company, should any part of

the account become past due; 

4.       All costs and expenses, including attorney’s fees, incurred in collecting the open account or any part thereof;

IT IS UNDERSTOOD that purchases will be billed the following week in which the purchases are made. In order to avoid any FINANCE CHARGE, the balance shown on any invoice must be paid in full within 30 days of the date of the invoice. The FINANCE CHARGE is computed by a periodic rate of 1.5% per month ($.50 minimum) which is an annual rate of 18% applied to the previous balance after deduction of any payments, returns, and credits. Any invoice not paid within 30 days of the date of the invoice shall be considered past due.

THE UNDERSIGNED hereby irrevocably empowers and authorizes any Attorney of any Court of Record to appear for the undersigned in such Court and with or without declaration filed, confess judgment against the undersigned and in favor of Stone & Company for the amount then due with interest on the unpaid balance at the rate of 12% per annum, together with costs of suit, and attorney’s commissions of 15%, whether due or not, and to waive and release all errors which may intervene in any such proceedings and to consent to immediate execution upon such judgment, hereby ratifying and confirming all that the said attorney may do by virtue hereof. 

ALL GOODS RECEIVED or to be received from Stone & Company and all debts incurred to Stone & Company under any open account are for business purposes only. No goods are to be purchased or received for consumer purposes.

THE ABOVE TERMS HAVE BEEN REVIEWED AND ARE HEREBY AGREED TO WITH THE INTENT TO

BE LEGALLY BOUND THIS __________DAY OF _________________, 20_____.

Name of business: _____________________________________________________

Signature: ______________________________________________________ (SEAL)

Position: _____________________________________________________________

BUSINESS NAME:  ____________________________________________________________________________

BUSINESS ADDRESS: __________________________________________________________________________

PHONE NUMBER: (_________) ___________________       FAX NUMBER: (_________) ___________________