The Applicant and all individual guarantors, by authorized signatures below, represent that the undersigned have read and understand all of the terms and conditions of the APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL and TERMS AND CONDITIONS OF SALE and INSURANCE AGREEMENT ADDENDUM incorporated herein by reference, and further certify that the information supplied in this APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL is true and correct. Upon approval of this APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL by Williams Equipment and Supply Company, and/or Williams Equipment and Supply Company of Louisiana (individually and collectively referred to as Williams Equipment), as indicated by authorized signature at the top of this APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL, a line of credit will be established in favor of Applicant for the sole purpose to purchase on an open account in accordance with the terms and conditions of the APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL and TERMS AND CONDITIONS OF SALE. The undersigned hereby expressly authorizes Williams Equipment and/or its successors or assigns permission and authority to obtain credit reports on the Applicant at any time, including without limitation following the Applicant’s default under the terms of this APPLICATION FOR OPEN ACCOUNT FOR SALES OR RENTAL.