Terms Agreement

The undersigned ("Purchaser") agrees that all purchases made by purchaser from Christensen Oil Company or its affiliated entities ("Seller") are subject to the following terms and conditions.
1. Purchaser acknowledges that all amounts due are not payable in installments, but are payable in full on the 10th of the moth following purchase.
2. All amounts due Seller are payable in accordance with the payment terms granted by Seller's credit department from which the goods and services are delivered. If any amount due Seller is not paid in accordance with such terms, a delinquency charge shall be added to the sum due, which charge shall equal the amount obtained by multiplying the delinquent balance by the lesser of (a) two percent, 2% per month (b) the maximum lawful rate permitted to be charged under the applicable state law.
3. Purchaser shall pay Seller a service charge in an amount equal to the greater of $10.00 or 5% of the check balance for all checks returned by purchaser's bank.
4. In the event the account is turned over to an attorney or any other agency for collection, or suit is brought on same, or the same is collected through any judicial proceeding whatsoever, purchaser shall pay all cost of collection and attorney's fees not to be less than 33% together with costs of court and further agrees that any legal action brought hereunder may be brought in Utah County, Utah.
5. Purchaser shall notify Seller by certified mail of any change of ownership of Purchaser. Purchaser warrants to Seller that all financial information furnished for the purpose of obtaining credit is true, correct and complete, and purchaser authorizes Seller to investigate all references furnished pertaining to the credit and financial responsibility of Purchaser. Purchaser further agrees that all the provisions as set forth above shall apply to any and all purchases made by both before and after the date of
this application and shall bind thereby the applicant, its assignee, heir or successor in interest.
This authorization shall be continuing without expiration and a digital, photocopy, or fax copy shall be given the same effect as the original.