Factoring Application

Applicant understands that ENGS Commercial Capital intends to rely on the foregoing information in determining whether to enter into a factoring agreement, and applicant authorizes ENGS Commercial Capital to do so. Applicant also understands that the foregoing information may be incorporated by reference into an agreement between Applicant and ENGS Commercial Capital and any failure of Applicant to disclose truly, completely and correctly the information requested may constitute a breach of any such agreement. Applicant understand further that ENGS Commercial Capital has not, by requesting the completion of or accepting this application form, committed to make or implied intention or commitment to enter into a factoring program with Applicant. Applicant acknowledges that Applicant has retained a copy of this Application. Applicant hereby acknowledges consent to receive text and email messages sent by an automatic telephone dialing system. Consent to these terms is not a condition of funding. Message and data rates may apply. Applicant authorizes ENGS Commercial Capital (and any officer, employee, affiliate or other representative thereof) to obtain a consumer credit report through a credit reporting company chosen by ENGS Commercial Capital. Applicant hereby authorizes ENGS Commercial Capital (and any officer, employee, or other representative thereof) to visit and inspect any properties of Applicant; to discuss Applicant and its affairs, finances, and accounts with, and be advised as to the same by Applicant’s officers, employees, and independent public account; all to such reasonable extent as ENGS Commercial Capital seeks such information in good faith in connection with the within factoring application.

Applicant hereby authorizes ENGS Commercial Capital to immediately file a UCC financing statement covering all collateral of Applicant. The financing statement will become effective when (and if) Applicant and ENGS Commercial Capital enter into a factoring agreement. In the event Applicant and ENGS Commercial Capital fail to enter into a factoring agreement, ENGS Commercial Capital will file a termination statement. Applicant hereby authorizes its suppliers, customers, lenders, accountants, principals, officers, and attorneys to provide ENGS Commercial Capital (and any officer, employee, or representative thereof) such information about Applicant and its affairs, finances, and accounts as ENGS Commercial Capital may request. Applicant also authorizes each such person and firm to accept a copy of this Authorization as if it were an original.