Application for Credit.

Business Organization*
Tax Status*




Principal Owners Or Stockholders:

If left blank, we require a federal ID#, located above.




Trade References





Are purchase orders required?





If your request for credit is accepted and a parts account is opened for you, you agree to the terms of the following agreement:

In this agreement, and in monthly statements mailed hereunder, the words "you" and "yours" refer to all persons named as applicants on the parts account application and the words "we" and "us" refer to Zip's Truck Equipment, Inc., New Hampton, Iowa.

This Agreement and the use of your account are governed by the laws of the state of Iowa. You Agree That:

* You are responsible for all charges made by any person(s) you have authorized to use your account prior to the time you notify us that such person(s) is no longer authorized by you to use the account.

* You will not exceed your credit limit. If an account is a joint account, each of you is an agent for the other account member for purposes of requesting credit limit increases.

* You will pay all charges to your account within 30 days of the date such charges were incurred. If payment is not made within 30 days of the date such changes were incurred, you will pay a finance charge at the rate of 1 1/2% per month (Annual Percentage Rate of 18%) on the unpaid balance and shall continue until all the unpaid balance is paid in full.

* You will remain liable for the outstanding balance on the account when it is closed and for all finance charges accruing on that balance after the account is closed.

* You will pay all amounts due on your account, including finance charges and check return fees, copy charges or other charges properly made to your account.

* You will pay a minimum finance charge of $0.50 if there is a minimum finance charge due in any billing cycle which is less than $0.50.

* Your statement is the document which evidences your obligation to pay unless you advise us in accordance with applicable law of a billing error.

* Overpayment of your account (payments made in excess of your outstanding account balance) will not increase your credit limit, and you agree that you will not tender any such overpayment to us.

* If you fail to comply with any of the terms of this Agreement, you promise to pay our collection fees and costs, including reasonable attorneys' fees, in enforcing this Agreement.

* You will mail to us at the address set forth on your statement written notice of any change in your mailing address at least ten days prior to such change.

* You authorize us to investigate your credit standing and obtain a consumer or commercial report when opening, renewing or, as we review your account, including the process of collection.

The undersigned certifies that the above information given for credit purposes is true and correct and authorizes the firm or person to whom this application is made and any credit bureau or investigative agency to investigate the references, statements or other data listed or accompanying this application. The undersigned authorizes all parties contacted to release credit and financial information requested as part of said investigation. The undersigned has read the above customer agreement and if approved for credit, agrees to abide by this customer agreement.





I hereby personally guarantee that I am jointly and severally liable for all charges to this account (including those which exceed the credit limit) with all persons who signed the credit application under the terms of the above agreement and agree that suit may be brought by Zip's Truck Equipment, Inc. against me for any amount due hereon without first bringing suit against the company named in this application.