Southpoint form

(Auto terms means that the ACH or Credit Card you have on file will be processed automatically without notification.)

*Credit privileges granted by SPW may be withdrawn at any time for any reason.

This authorization is to remain in full force and effect until South Pointe Wholesale, Inc. has received written notification from you of its termination in such time and in such manner as to afford South Pointe Wholesale, Inc. a reasonable opportunity to act on it. A customer has the right to stop payment of a debit entry by notification to bank prior to charging account.

Applicant understands and agrees to the following terms and conditions of sale between applicant and South Pointe Wholesale, Inc. (SPW)

• The following payment terms, as well as those stated on invoices, apply to all purchases of goods and services: A) A processing fee of $50 will be invoiced for each dishonored payment. B) SPW may, in addition to SPW's right to exercise other remedies, assess service charges of 1.5% per month or the highest lawful rate, whichever is lower on any past due balance, and all actual attorney fees and cost of collection. C) Applicant acknowledges that SPW had the absolute right to change credit terms, or suspend delivery of products to applicant without any liability being uncured by SPW.
• Applicant authorizes SPW or its designee to obtain, verify or otherwise investigate any reference, statement, credit report or other information obtained with respect to applicant as SPW deems appropriate. Applicant will comply with all applicable laws and all SPW policies, as amended. The Applicant further represents that its professional licenses are in good standing and not the subject of any proceedings by and governmental agency and agrees to notify SPW immediately upon the commencement of any such proceedings. Applicant is responsible for any applicable sales tax and other charges imposed by federal, state, local or foreign governments on manufacture, sales, shipment, import, export or use of products or services.
• This Agreement will be governed by the internal laws of the State of Kentucky, and any proceedings of any type whatsoever arising out of the Agreement or any of the transactions contemplated hereby shall be initiated solely in the state of Kentucky and the parties hereby irrevocably submit to the subject matter and personal jurisdictions of such courts. Notwithstanding the foregoing, the Applicant agrees that SPW may seek injunctive relief in any court of competent jurisdiction.
• Terms of sale have been fully explained and the undersigned understand that shipments may be held if account is delinquent or exceeds the established line of credit. The undersigned agrees to provide SPW within sixty days written notice of any intentions to sell substantially all of its assets or stock or other equity interests, or to merge or consolidate with a third party.