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CREDIT APPLICATION

Taylor Oil Co., Inc.
77 Second Street, P.O. Box 974
Somerville, New Jersey 08876
908-725-7737
Fax 908-725-7746

Salesman:_____________________

Approved By:___________________

(PLEASE TYPE OR PRINT NEATLY)

I. BUSINESS INFORMATION

Amount of Credit Applied For: _______________________

Business Name: __________________________________________________________________

Telephone #: ____________________

Business Address: ____________________________    Zip: __________    Fax #: _____________

                              ____________________________    Type of Business: ____________________

Billing Address (if different): _________________________________________________________

Country:______________________ Employer I.D. #: ______________ In business since: ________

[   ] Incorporated   [   ] Partnership   [   ] Sole Proprietorship                  DUNS #: ________________

     Date of Incorporation: ________________ State of Incorporation:__________

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Full Name of Principles/Corporate Officers                     Position                   Residence Address

1.________________________________________________________________________________

Social Security Number: _________ - ______ - _________ Home Phone:__________________

2.________________________________________________________________________________

Social Security Number: _________ - ______ - _________ Home Phone:__________________

If any of the principles have been with the firm less than 3 years; provide name, location and position with previous business:

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

Is the applicant involved in any pending litigation? ____________
If so, set forth all of the details concerning these proceedings:

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

Has the company been involved with a bankruptcy or insolvency proceedings in the past seven (7) years? _____________

If so, set forth all details concerning these proceedings:

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

List any other name or names under which the applicant transacts business:

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

II. JOB SITE INFORMATION

Job Site Location:_________________________________________________________________

Do you do bonded jobs? [   ] Yes   [   ] No              Bonding Company:________________________

Bonding Company Address:________________________      Phone #: ______________________

Contact Person:_________________________________

Are you subject to the following taxes:

State Sales Tax [   ] Yes  [   ] No

State Diesel Tax [   ] Yes  [   ] No

Federal Diesel Tax [   ] Yes   [   ] No

Franchise Tax [   ] Yes   [   ] No

If NOT taxable you must furnish EXEMPTION FORMS

Price Quoted: ITM _____________________________ Tank_____________________________

III. BUSINESS REFERENCES
(NOTE: Business references must be relationships of one or more years)

1.______________________________________________________________________________

Address: _______________________________________________________________________

Phone:__________________________________ Fax:___________________________________

Doing business with since: _______________ High Credit: ___________________

Any NSF checks:__________________

2.______________________________________________________________________________

Address: _______________________________________________________________________

Phone:__________________________________ Fax:___________________________________

Doing business with since: _______________ High Credit: ___________________

Any NSF checks:__________________

3.______________________________________________________________________________

Address: _______________________________________________________________________

Phone:__________________________________ Fax:___________________________________

Doing business with since: _______________ High Credit: ___________________

Any NSF checks:__________________

BANK: ( institution where account has been active for at least six months )

Bank Name: ___________________________________________________________________

Address:________________________________________________________________________

Type of Account: _________________________________________

Account Number:_________________________________________

Any NFS checks in the last six months? _____________ If so, how many: ________________

Any stop payments in the last six months? ____________ If so, how many:_______________

Have there been any executions upon your account in the last year? _____________________

Officer or Contact Name:_________________________________________________________

Phone #:________________________________  Fax #:_______________________________

V. BILLING INFORMATION

Who to contact with billing questions:______________________________________________

Phone Number: ________________________________

Will a Purchase Order be used: [  ] Yes [  ] No

Will you be paying by individual invoice or by statement?_____________________________

THE ABOVE SECTIONS MUST BE COMPLETED IN THEIR ENTIRETY TO PROCESS YOUR APPLICATION

TERMS:

Net amounts due in TWENTY(20) days. Default occurs on the TWENTY FIRST (21) day.

A finance charge of one and one half percent (1.50%) per month will be assessed on any and all amounts past due.

In the event of default requiring collection, the applicant agrees to pay, in addition to the delinquent amount and finance charges thereon, collection and/or attorney fees equal to twenty five percent (25%) of the delinquent amount.

A service charge of $35.00 will be assessed for each check received which is returned unpaid for any reason.

All deliveries below seventy-five gallons (75) will be assessed a thirty five dollar ($35.00) minimum gallon delivery charge.

Upon each annual anniversary date of this agreement, Taylor Oil Company and their subsidiaries reserves the right to automatically increase the prices then in effect by the amount of the increase in the Consumer Price Index for the previous twelve months or five percent (5%) whichever is greater.

I HAVE READ, UNDERSTAND, AND ACCEPT THE ABOVE TERMS AND HAVE PROVIDED TRUE INFORMATION. I FURTHER AUTHORIZED TAYLOR OIL COMPANY TO VERIFY ANY AND ALL REFERENCES, INCLUDING BANK ACCOUNT INFORMATION, TO DETERMINE OUR CREDIT CAPABILITIES AND TO REQUEST INFORMATION FROM CREDIT REPORTING AGENCIES.

APPLICANTS NAME: _______________________________________________________________

BY: ______________________________    _______________________    __________________
                         SIGNATURE                                              TITLE                                    DATE

PERSONAL GUARANTEE: I/WE INDIVIDUALLY, JOINTLY AND SEVERALLY PERSONALLY GUARANTEE PAYMENT OF ALL INDEBTEDNESS INCURRED FOR MERCHANDISE AND SERVICES FURNISHED BY TAYLOR OIL COMPANY INCLUDING FINANCE CHARGES AND COLLECTION OR ATTORNEYS FEES EQUAL TO 25% OF THE DELINQUENT AMOUNT. IT IS UNDERSTOOD THAT THIS GUARANTEE SHALL BE A CONTINUING GUARANTEE. I/WE DO HEREBY WAIVE NOTICE AND CONSENT TO ANY MODIFICATION OR RENEWAL OF THE CREDIT AGREEMENT HEREBY GUARANTEED.

Individual: ______________________________________ (Signature)

Social Security Number: __________ - ______ - __________ Date:_____________________

Individual: ______________________________________ (Signature)

Social Security Number: __________ - ______ - __________ Date:_____________________

NOTE: The above statement MUST be signed to be accepted for processing.