Completion of this form will authorize SNZ Trading Inc to perform credit and/or reference check. Please note SNZ Trading Inc has a policy of net 30 days term (based on approved credit). Applicant also agrees to full settlement of invoices independent of any claims. Title of goods will not pass until payment for goods is received in full. An additional 2% per month or 24% per annum interest will be charged on past due invoices. I certify that the information contained in this credit application is true and complete. I acknowledge and recognize that SNZ Trading Inc has legitimate purpose for requiring the information contained in this credit application and that Seller will rely on the information to establish, extend or renew credit. I authorize Seller to collect, disclose, retain and use all relevant information and data furnished by me or any other person, including credit reporting agencies relating to the present application. I hereby expressly authorize such persons to release credit and other information to Seller for this purpose. I hereby agree and guarantee to pay all reasonable collection costs and legal fees incurred by Seller in enforcing this agreement and authorizations or in the event of non-payment. I acknowledge and understand, and agree to comply with, the terms and conditions of sale. I agree to the foregoing and certify that I have authority to bind the applicant. In consideration of the credit heretofore or hereafter granted by SNZ Trading Inc to the application, the undersigned hereby conditionally guarantees to Creditor full payment when due of any indebtedness of Debtor for (i) goods heretofore or hereafter sold or consigned to, or work-in-process identified for, Debtor by Creditor or (ii) services heretofore or hereafter performed for Debtor by Creditor, together with lawful interest from date due and all expenses of collection, including court costs and reasonable attorney's fees. This guarantee shall be directly enforceable against the undersigned without first resorting to any remedies against Debtor. This guarantee shall be a continuing guarantee and shall remain in full force and in effect until undersigned gives written notice, by certified or registered mail, to Creditor to extend no further credit on the security of this guarantee. Such notice shall be ineffective as to any obligation (billed or unbilled) existing at the time such notice is received by Creditor. The undersigned hereby assents to all terms and conditions made or to be made with Creditor by Debtor. Any indulgences, renewals or extensions of any indebtedness guaranteed hereby shall not release the undersigned as a guarantor hereunder. Reference to undersigned includes each and all of the undersigned and they shall be jointly and severally liable thereunder. This guarantee shall be for the benefit of the Creditor, its successors and shall be binding upon the undersigned and their assigns, heirs, executors and other legal representatives. Being directors / partners / proprietors of the business, I/We do hereby unconditionally guarantee the payments of any debt incurred / owned by the debtor to SNZ Trading Inc. This guarantee shall extend to a jointly and severally personal guarantee.
