Terms & Conditions

By joining the 7 Percent Consignment Program, you agree to the terms outlined below. The Company may revise these terms at any time without prior notice.

1. Enrollment Process

To enroll, customers must complete:

• Consignment Enrollment Form
• Credit Card /PAD (Pre-Authorized Debit) Form for payment collection

Customers can add multiple store locations. Enrollment does not guarantee approval. 7 Percent reserves the right to accept or reject applications at its discretion.

2. Payment Terms

• No upfront payment required
• Payment is due 30 days from the invoice date
• Payment will be auto-debited using your PAD/CC setup
• Credit card payments are subject to a 3% processing fee
• PAD processing may take up to 5 business days after the due date
• $50 NSF fee will apply if funds are not available on the due date
• Failure to pay may result in removal from the program

All terms outlined in the Pre-Authorized Debit Agreement apply.

3. Return Policy

Eligible products may be returned within the 30-day consignment term:

• Disposables: Up to 1 carton or 5 loose pieces per flavor

Returns must meet the following:

• Unopened and unused
• No markings, price tags, or stickers
• Shipped back using the return label provided

To initiate a return, contact your Sales Representative with the item list. Full credit will be issued for accepted returns and can be used for future purchases.

Credit will not be issued if:

• The return is shipped after the 30-day term
• Products are opened, used, or altered
• Returns are not approved by your Sales Rep

4. Featured Consignment Products

The following product lines are included as part of the 7 Percent Consignment Program:

• Spin 60K (10 flavors): 1 carton per flavor per enrolled location
• Keystone Flex-3 Pod 68K (10 flavors): 1 carton per flavor per enrolled location + 4 cartons of
  Keystone Flex Devices.

These high-demand SKUs are curated to maximize sell-through and provide your stores with top-performing products right from the start.

5. Pricing and Merchandising Policy

• All Consignment products must be sold at the MSRP provided by 7 Percent Distribution.

Customers are required to not set or adjust retail prices on their own, and any pricing changes outside of the 7 Percent Distribution’s published MSRP are not allowed.This ensures consistent pricing and a fair shopping experience across all participating locations.

• All Consignment products must be merchandised according to the planogram provided by 7 Percent Distribution.

Customers are required to not alter product placement or display layouts on their own, and any deviations from the 7 Percent Distribution’s published planogram are not allowed. This ensures consistent brand presentation and optimal product placement across all participating locations.

7 Percent Consignment Program Summary