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Commercial Credit Application

Application must be completed and signed in full.

Instructions: (1) Please type all responses completely. Your account will be set up exactly as you have indicated in the “Bill To” and “Ship To” fields. (2) Ensure you include a copy of your resale certificate. (3) If you are having issues completing the application online, please email us at sales@sancarwallcovering.com and we will email you a PDF version.

OWNER(S), OFFICER(S), DIRECTOR(S) OR PARTNER(S)

Information regarding additional owners/officers/directors/partners should be added as an additional file.

TRADE REFERENCES

AUTHORIZATION

The applicant acknowledges and agrees to the need for verification of all information on this application. Applicant hereby authorizes all banks, businesses and persons identified on this application to disclose and furnish (both in writing and verbally), any and all information requested by Sancar Wallcoverings & Decorating, LLC, by telephone, fax, written correspondence, etc., and hereby releases, waives and disclaims any and all claims against Sancar Wallcoverings & Decorating, LLC, and all such banks, businesses, and persons arising out of such disclosures. If respresentations made by the buyer in this credit application are subsequently found to be incorrect or incomplete, the right is reserved to reject the application and to negate any obligation to proceed with any transaction.

RESALE CERTIFICATE

In order to comply with the majority of state and local sales tax law requirements, Sancar Wallcoverings & Decorating, LLC must have in its files a properly completed and executed exemption certificate from all customers who claim a sales tax exemption. All accounts will be charged tax unless resale certificate is complete and correct. If your state requires a specific form or document please attach same with proper signature.


I hereby certify: That I hold valid seller's permit No*

issued pursuant to the Sales and Use Tax Law; and that I am engaged in the business of selling*

.

I hereby certify that the wallcoverings/textiles/etc. which I shall purchase from Sancar Wallcoverings & Decorating, LLC will be resold by me in the form of tangible personal property; provided, however, that in the event any such property is used for any purpose other than retention, demonstration, or display while holding it for sale in the regular course of the business, it is understood that I am required by the Sales and Use Tax Law to report and pay for the tax, measured by the purchase price of such property.

TERMS & CONDITIONS - MUST BE SIGNED TO COMPLETE APPLICATION

In consideration of the offer to extend credit, and for other good and valuable consideration received, or to be received by the Applicant, the Applicant, by the signature of its authorized representative set forth below, hereby agrees to the terms and conditions set forth in this document. DO NOT SIGN UNLESS YOU HAVE READ, AND AGREED TO, THE PROVISIONS OF THE CREDIT AGREEMENT SET FORTH BELOW.

(1) Buyer recognizes Seller's terms as Net 30 Days and acknowledges and authorizes a service charge of $30.00 plus 1.5% per month {18% annual) on any past due amounts. Returned checks will incur a service charge of $50.00. (2) In the event of default, Seller shall have the right to, (a) declare the entire amount due and payable, (b) limit the amount of credit extended or terminate buyer's account, (c) refer the account to collection. (3) Buyer agrees to pay all costs of collection, including any attorney fees which may be incurred. (4) At the option of Sancar Wallcoverings & Decorating, LLC, the venue for any suits, collection or otherwise will be in Kings County, New York, and buyer hereby submits to the jurisdiction of said courts and to the application of NYS law. (5) Buyer hereby represents and warrants that it is solvent and shall perform its obligations, including payment, as they become due. The next sentence should be changed to: This representation and warranty is deemed to be repeated with each purchase by the Buyer. (6) Faxed documents will be deemed as original. No oral agreements will be accepted. The terms on this credit application override all others.

I CERTIFY THAT THE INFORMATION I HAVE PROVIDED IS CORRECT AND AGREE TO THE TERMS SET FORTH ABOVE.

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