Credit Applications

PERSONAL GUARANTY

In consideration of the extending of the credit to the above company at my request, I hereby guarantee to Independent Pipe & Supply Corp. the prompt payment, when due, of every claim and debt of the above company to Independent Pipe & Supply Corp. This guarantee is given by accepting these terms in order to induce Independent Pipe & Supply Corp. to extend credit to the above named company. I hereby agree to bind myself to pay Independent Pipe & Supply Corp. on demand any sum, which may be or become due to Independent Pipe & Supply Corp. by the company whenever the company shall fail to pay the same. At its election and in its sole discretion, Independent Pipe & Supply Corp. may demand and collect payment of overdue amounts, costs and Attorneys’ fees on the above account from either the above company or the individual who submits this form. It is agreed suit may be brought in the Commonwealth of Massachusetts. This individual Guaranty is continuing and may only be revoked prospectively. Any such revocation to be effective must be signed and in writing. NOTICE: All notices and agreements shall be in writing and the parties can use the U.S. mails, any delivery service, which obtains and will furnish a signature evidencing delivery to the addressee or a Fax transmission, which provides sender with a record of such transmission being received.