7STAR CREDIT APPLICATION & AGREEMENT TERMS
The term "Applicant" includes the entity requesting credit on the following pages of this form,
its owners or principals who supply credit information and all guarantors to this Agreement.
The term "7Star" shall mean 7Star Crossdock, and any entity affiliated with or related to "7Star"
from which Applicant obtains credit, services, or incurs liability to, at any time, whether now or in the future.
All services are governed by the Terms and Conditions contained in 7Star's invoices, rate cons, price sheets,
bills of sale, bills of lading or shipping documents and this Agreement.
1. Prices are subject to price in effect at time of service. All services are subject to credit approval
at time of sale. Applicant agrees that under no circumstances will 7Star be liable to Applicant for consequential,
indirect, special, exemplary or punitive damages, including without limitation, loss of use, loss of business opportunity,
or loss of profit or revenue, as a result of 7Star's performance or non-performance of its obligations pursuant to this
Agreement, 7Star's invoices, rate cons, price sheet, bills of sale, bills of lading or shipping documents. In no event
will 7Star be liable to Applicant for more than the value of services rendered to Applicant by 7Star.
2. Applicant grants 7Star permission to investigate and verify references and credit information.
Applicant and its agent(s) authorize any and all banks, financial institutions, and other credit reporting agencies
to furnish credit information to 7Star. This authorization continues until 7Star is paid in full for all obligations
incurred by Applicant to 7Star. Applicant agrees that its references and credit information are representations to 7Star
on which 7Star will rely in extending credit. 7Star is under no obligation to grant credit and may revoke any future
credit at any time without notice.
3. By signing this Agreement, Applicant agrees it will pay when due all sums due for services rendered,
credit extended and obligations incurred pursuant to this Agreement, 7Star's invoices, rate cons, price sheets, bills of
sale, bills of lading or shipping documents.
4. Applicant agrees that the amount invoiced to Applicant is the cash price. In the event Applicant doesn't
pay the cash price within 45 days of invoice, 1 %% per month will be added as a time price differential. In the event the
account is placed for collection, Applicant agrees to pay all expenses of collection, including court costs and reasonable
attorney fees.
5. This Agreement shall be governed and enforced in accordance with the laws of the State of Michigan.
The parties consent to the jurisdiction and venue of the Courts located in Ingham County, Michigan. The parties agree that
7Stars does business in Ingham County and that by making this application, Applicant has done business in Ingham County.