E&E Steel Company will consider the extension of credit to Applicant based on the information provided in this application and by other available sources. This application authorizes E&E Steel Company to check Applicant's credit background and contact all of Applicant's credit references and sources. Applicant states and certifies that the information contained in this application is true and correct and that E&E Steel Company may justifiably rely on the information provided by Applicant.
   
Once credit has been approved, or in the event Applicant arranges to purchase products or services from E&E Steel Company on other terms, Applicant agrees to pay any and all invoices, charges, fees, and costs which Applicant or any authorized person incurs on or for Applicant's account. Unless Applicant notifies E&E Steel Company in writing within five (5) days of any unauthorized use of Applicant's credit or account, Applicant agrees that such use is authorized and Applicant shall be responsible for all such charges and use.
   
Applicant agrees to deliver written notice of any error in any invoice or statement of account to E&E Steel Company within ten (10) days after the date of the invoice or statement of account. The invoice or statement of account shall be deemed to be correct and accepted as rendered, unless E&E Steel Company shall have received Applicant's written notice to the contrary within the above time period. All sums owing E&E Steel Company by Applicant shall be paid in accordance with the terms and conditions expressed on any written quotation signed by E&E Steel Company or on E&E Steel Company's invoice. In the absence of an express statement of terms and conditions to the contrary, the terms of any transaction with E&E Steel Company shall be Net 30 Days. Whether or not expressed in the quotation or invoice, all amounts not paid when due shall bear interest at the rate of one and one half percent (1.5%) per month.
   
Applicant shall pay all costs and expenses incurred by E&E Steel Company in connection with E&E Steel Company's attempts to obtain payment of any outstanding amounts, including fees charged by a collection agency or attorney, whether or not formal proceedings are brought to remedy Applicant's breach of this agreement or to collect any amount due.
   
This agreement shall be construed under the laws of the State of California. If legal action is brought to enforce this agreement or to collect any amounts due, the parties agree that (i) the place for performance of Applicant's the obligation to pay shall be in the East Los Angeles Judicial District, (ii) the exclusive jurisdiction and legal venue for such action shall be Los Angeles County, California, and (iii) all parties hereby submit to the personal jurisdiction of such court.
   
Upon E&E Steel Company's grant of credit to Applicant, the terms of this agreement shall govern any contradictory term contained in any other document, unless E&E Steel's president shall have expressly stated in writing to the contrary. The terms of this agreement may not be amended, revoked, or modified unless such amendment, revocation, or modification is executed in advance by E&E Steel Company's president.
   

THE UNDERSIGNED CERTIFIES THAT THE INFORMATION FURNISHED IN THIS APPLICATION IS TRUE AND CORRECT, AND THAT THE UNDERSIGNED HAS READ, UNDERSTOOD, AND AGREED TO ALL THE TERMS AND CONDITIONS OF THIS AGREEMENT AS NOTED ON THE FRONT AND REVERSE PAGES OF THIS APPLICATION.

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