Commercial Ready Mix Products Inc.
    P. O. Box 189
    Winton, NC 27986
    Phone 252-358-5461 Fax 252-358-4912

    CREDIT AGREEMENT











    INFORMATION ON PRINCIPALS defined as:
    For Proprietorship or Partnership: List all Owners and/or Partners.
    For Corporation or Limited Liability Corp.: List all Officers, Directors, Members and Majority Stockholders.

    ___________________________________________________________________________________________

    ___________________________________________________________________________________________

    Have any of the companies or principals listed above ever been a debtor in a bankruptcy proceeding?
    Has any judgment ever been entered against any of the companies or principals listed above?
    Are there any legal actions or arbitration pending against any of the companies or principals listed above?

    CREDIT REFERENCES (Attach separate schedule if necessary)
    Primary Bank:

    Other Bank:

    TRADE REFERENCES (must include fax number)



    Please attach separate financial statement of assets and liabilities.
    [acceptance]
    Terms and Conditions
    1. I/We certify that this information is correct, complete and that we are able to pay within the terms of this agreement.
    I/We further understand that Commercial Ready Mix Products Inc. (CRMP) will rely on this information for the extension
    of credit. I/We authorize CRMP from time to time to obtain Business and Consumer Credit Reports on Customer or any
    principals listed above or to obtain credit and funding information from time to time from any other source. This is not an
    agreement by CRMP to lend money; it is an agreement by Customer for the benefit of CRMP if CRMP determines to extend
    credit. CRMP may change credit limits or other credit terms at any time, in its sole discretion. No modifications may be
    made otherwise to this Agreement, except in a writing signed by CRMP.
    2. CRMP invoices daily. Statements are processed on the last day of each month, with balances due on the 10th day of
    the month following purchase. Customer agrees that any amount not paid by the 10th of the month following
    purchase, the account is past due and in default, and will carry interest at the rate of 1 ½% per month (18% per
    Annum), both before and after judgment, and further agrees to pay all costs incurred in collection, including
    attorney’s fees in the amount of 1/3 of the total balance due if this account is placed with an attorney for collection,
    whether suit is filed or not. Customer expressly agrees to submit to personal jurisdiction in North Carolina and agrees that
    the forum for any litigation pursuant to this Agreement or any other contract between CRMP and customer, whether CRMP
    or customer brings suit, shall be in Hertford County, North Carolina. This Agreement shall be construed by the laws of
    North Carolina.
    3. Customer further Agrees to pay all amounts due under this Agreement until CRMP has received written notice closing this
    account; mailed U. S. Certified Return Receipt Requested. In the event other entities or individuals order materials or use
    labor pursuant to this Agreement, it is agreed that both the customer and such other legal entities or individuals shall be
    obligated for all amounts due under this Agreement.
    4. Customer agrees that all funds owed to Customer from anyone or received by Customer to the extent those funds result from
    the material or labor supplied by CRMP shall be held in trust for the benefit of CRMP (Trust Funds). Customer may
    comingle Trust Funds, but agrees it has no interest in Trust Funds held by anyone and to promptly account for and pay to
    CRMP all such Trust Funds.
    5. All mechanic’s lien, payment bond or similar waivers or restrictive endorsements on checks shall be effective only to the
    total dollar amount of payments actually received without bankruptcy filing for ninety days thereafter. Customer agrees that
    CRMP retains its mechanic’s lien, payment bond or other legal rights for unpaid deliveries, regardless of what other waiver
    documents may imply otherwise. Customer further agrees that CRMP has the right to determine, in its sole discretion, how
    to apply payments and which invoices to pay with all payments received on this account, despite an advice to the contrary.
    6. CRMP agrees to replace or, at CRMP’s option, repair any defective goods within a reasonable time. Buyer’s remedies for
    any delay or any defect in materials are subject to and limited by any limitations contained in the manufacturer’s terms and
    conditions to CRMP. Further, Buyer’s sole and exclusive remedy and CRMP’s limit of liability for any and all loss or
    damage resulting from defective goods shall be for the purchase price of the particular delivery and materials with respect to
    which loss or damage is claimed. In no event shall CRMP be liable for any damage due to delay of any type, nor
    consequential, special or punitive damages. THE FORGOING WARRANTY IS EXCLUSIVE AND IS IN LIEU OF
    ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL, EXPRESS OR IMPLIED, INCLUDING THE
    WARRANTY OF TITLE, AGAINST LIENS, INFRINGEMENT, THE WARRANTY OF MERCHANTABILITY
    AND THE WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE.
    7. Buyer shall make a careful inspection at the time of delivery. Buyer’s failure to give written notice specifying any claim
    within ten (10) days of delivery shall constitute an unqualified acceptance of the material and labor delivered and a waiver
    of all claims. CRMP will not be liable for any damage, warranty or remedy and back charges will not be accepted without
    prior notification, an opportunity to view and repair, replace or otherwise cure, and approval by CRMP. CRMP may stop
    the manufacture of material or supply of labor when it, in its sole discretion, determines that Buyer is in breach of this
    Agreement or any other contract with CRMP or CRMP has insecurity with respect to funding or creditworthiness, until
    payment is made and any dispute or insecurity has been resolved.

    Guaranty
    In consideration for, and as an inducement to Commercial Ready Products Inc. (hereinafter “CRMP”) to extend credit to
    _________________________________________________ (hereinafter “Debtor”), the undersigned hereby guarantees, jointly
    and severally with each other and the Debtor, payment of all sums due CRMP, including principal and interest before and after
    judgment at 1 ½% per month (18% per annum), the full performance and observance of all terms, conditions, and agreements of
    the Debtor in any Credit Agreement or any other Contract with CRMP. The undersigned waives any notice of non-payment,
    non-performance, or proof of notice or demand and any other defense which may otherwise be available under the principles of
    guarantee or surety law which would operate to impair or diminish the liability under this Guaranty and further agrees that
    CRMP may proceed against the undersigned separately or jointly before, after or simultaneously with proceeding against Debtor.
    This Guaranty is unconditional and shall remain in full force and effect on any change orders, renewal, extension, amendment,
    assignment, sublease, transfer, or other modification of said Credit Agreement or Contract, whether or not Guarantors have
    knowledge thereof. This Guaranty shall remain in full force and effect with respect to all materials and labor supplied under the
    account of Debtor before or until CRMP has received written notice closing Debtor’s account or terminating this Guaranty mail
    U. S. certified, return receipt requested, no matter what person or entity ordered or used the materials and labor supplied on
    Debtor’s account and regardless of any change in the legal structure of Debtor or the existence of entities or individuals legally
    distinct from Debtor using or benefiting from the materials and labor supplied.
    If CRMP takes any action to enforce or compel compliance with the terms of this Guaranty or any other Contract with CRMP,
    the Guarantors shall be obligated to pay all costs incurred by CRMP and attorney’s fees in the amount of 1/3 of the balance due,
    Guarantors expressly agree to submit to personal jurisdiction in North Carolina and agree that the forum for any litigation
    pursuant to this Guaranty or any other contract between CRMP and Debtor shall be Hertford County, North Carolina, whether
    suit is brought by CRMP, Debtor or Guarantor. This Guaranty shall be governed by and construed in accordance with the laws
    of North Carolina.
    The undersigned agree that their liability hereunder is joint and several with each other and with the Debtor, and further
    acknowledges that any individual Guarantor had the option of applying for individual credit by submitting an individual financial
    statement for evaluation. The undersigned have waived the right to apply for individual credit, have opted to supply multiple
    Guarantors and herby waive any right they may have under the Equal Credit Opportunity Act to void this Guaranty. All
    obligations and liabilities of Guarantors pursuant to this Guaranty shall be binding upon their heirs, personal representatives, and
    assigns. The undersigned Understands that CRMP may refuse to extend credit at any time and from time to time, that such
    refusal shall not effect the obligation hereunder and that CRMP may obtain consumer credit reports and other credit information
    on the undersigned from time to time.
    Debtors and Guarantors agree that this Guaranty is provided not in payment of, but as additional security for and/or evidence of
    obligation due to CRMP under existing Contracts and Credit Agreements with Debtor and that this Guaranty is not accepted in
    lieu of CRMP’s mechanic’s lien, payment bond or other legal rights.