THE CUSTOMER CERTIFIES THAT ALL STATEMENTS AND INFORMATION CONTAINED HEREIN AND ANY SUPPORTING SCHEDULES ARE TRUE AND CORRECT AS OF THE DATE HEREOF. IN THE EVENT THAT ANY MATERIAL ADVERSE CHANGE OCCURS IN THE INFORMATION GIVEN ABOVE OR IN THE CUSTOMER'S FINANCIAL CONDITION, THE CUSTOMER AGREES TO IMMEDIATELY NOTIFY ATRIUM WINE BROKERS INC. IN WRITING, GIVING SPECIFIC DETAILS OF SUCH OCCURRENCE.
THE CUSTOMER UNDERSTANDS THAT ATRIUM WINE BROKERS INC. MAY CONTACT THE ABOVE REFERENCES TO CONFIRM THE FOREGOING INFORMATION AND SPECIEICALLY AUTHORIZES ITS BANK OR ANY OTHER CREDIT GRANTING PARTIES (OR THEIR AGENTS) EITHER LISTEDABOVE OR WITH WHOM THE CUSTOMER HAS HAD DEALINGS, TO RELEASE CREDIT AND FINANCIAL INFORMATION IN SUPPORT OF THIS APPLICATION. THE CUSTOMER ALSO UNDERSTANDS THAT PAYMENT OF ALL PURCHASES TO THE APPROPRIATE WINERY DIRECT VENDOR, ARE PAYABLE WITHIN 30 DAYS OF THE INVOICE DATE.
INCONSIDERATION OF THE CREDIT, UNDER THIS AGREEMENT, THE CUSTOMER AGREES TO PAY A 1.5% (18% PER ANNUM) SERVICE CHARGE ON ALL INVOICES NOT PAID WITHIN THE TERMS. IN THE EVENT OF DEFAULT ON ANY INVOICES, ATRIUM WINE BROKERS INC. WILL HAVE THE RIGHT
TO DECLARE ALL INVOICES DUE AND PAYABLE. IF LEGAL ACTION is INSTITUTED TO ENFORCE COLLECTION, REASONABLE ATTORNEY'S FEES AND
COST FOR SUCH LEGAL ACTION WILL ALSO BE SOUGHT. ATRIUM WINE BROKERS INC. RETAINS THE RIGHT TO REVOKE PRIOR CREDIT AGREEMENTS, AT WHICH TIME, ALL PURCHASES MADE BY THE CUSTOMER WILL BE ON A CASH BASIS.