Raising Capital With Private Lending
SECURITIES CONSIDERATIONS WITH PRIVATE LENDING Linkedin Instagram Facebook Private lending has been promoted since the 1990s as a way to raise capital. It’s the…
June 16, 2020
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SECURITIES CONSIDERATIONS WITH PRIVATE LENDING Linkedin Instagram Facebook Private lending has been promoted since the 1990s as a way to raise capital. It’s the…
TERMS OF SERVICE
Welcome to the 7xCapital website, owned and operated by 7xCapital, LLC (“7xCapital” or the “Company”). Please read these Terms of Service (the “Terms”) carefully before using the services offered by 7xCapital. These Terms sets forth the legally binding terms and conditions for your use of the website at [email protected], all other sites owned and operated by 7xCapital that redirect to Contact Us Page, and all subdomains (collectively, the “Site”), and the services provided by the Company (the “Services”). By accessing, visiting, browsing, or contributing to the Site, you agree to be bound by these Terms, the Privacy Policy, and all other operating rules, policies and procedures that may be published by 7xCapital from time to time on the Site (collectively, the “Published Information”), each of which is incorporated by reference and each of which may be updated by 7xCapital from time to time without notice to you. In order to access the Site and utilize any of the Services, you must accept these Terms, the Privacy Policy and any Published Information.
Your use of the Site and Services is governed by the then current version of these Terms in effect on the date of such use. 7xCapital may, at its sole discretion, modify and replace these Terms at any time and without prior notice to you by posting the updated Terms on the Site. By using and accessing the Site, you acknowledge and agree to review the then-current version of the Terms prior to each such use. Your continued use of the Site after any modifications to the Terms have been published on the Site, or otherwise provided to you, constitutes your acknowledgement of, and binding agreement to, the then-current Terms. Notwithstanding the foregoing, the resolution of any dispute that arises between you and 7xCapital will be governed by the Terms in effect at the time of the events giving rise to such dispute. 7xCapital further reserves the right, in its sole discretion, to block or otherwise discontinue your access and use of the Site at any time and for any reason. You agree that 7xCapital and its subsidiaries and affiliates will not be liable to you or to any third party for any such modification, suspension or discontinuance.
Please also note that these Terms are in addition to any other agreements between you and 7xCapital, including any customer, account or marketing agreements, and any other agreements that govern your use of products, services, content, tools, and information available on the Site. These terms do not alter in any way the terms or conditions of any other agreement you may have with 7xCapital, or its subsidiaries or affiliates, for the Service or otherwise. If you do not agree to all of these Terms, 7xCapital’s Privacy Policy and/or any Published Information, you are not eligible to participate in 7xCapital’s Services or otherwise use this Site.
USER REQUIREMENTS
The Services are available only to individuals who are at least 18 years old (and at least the legal age in the jurisdiction of such user’s domicile). You represent and warrant that if you are an individual, you are at least 18 years old and of legal age in your jurisdiction to form a binding contract, and that all registration information you submit is accurate and truthful. 7xCapital may, in its sole discretion, refuse to offer the Services to any person or entity. The Services are not available to any users suspended or removed from the Site or Services by 7xCapital. By accessing the Site and/or using the Services, you represent that you have not been previously suspended or removed from the Site or Services.
In consideration of your use of the Site, you agree to (a) provide accurate, current and complete information about you as may be prompted by any registration forms on the Site (“Registration Data”); (b) maintain the security of your password and identification; (c) maintain and promptly update the Registration Data, and any other information you provide to 7xCapital, to keep it accurate, current and complete; and (d) be fully responsible for all use of your account and for any actions that take place using your account. You agree to immediately notify 7xCapital of any unauthorized use of your password or account or any other breach of security. 7xCapital will not be liable for any loss or damage arising from your failure to comply with this Section.
UNAUTHORIZED USE/PROHIBITED ACTIVITIES
Unauthorized use of the Site and/or the Services, including, but not limited to, unauthorized entry into 7xCapital’s systems, the misuse or sharing of passwords or misuse of any other information, is strictly prohibited. You may not use the Site in any manner that could damage, disable, overburden, or impair the Services or interfere with any other party’s use and enjoyment of the Services. You agree that you will not engage in any activities related to the Site that are contrary to applicable laws or regulations. You may be liable for any losses incurred by 7xCapital or others due to any unauthorized use of your account.
You further agree that you are responsible for any unauthorized use of your password that is made before you have notified 7xCapital and before 7xCapital has had a reasonable opportunity to act on that notice. 7xCapital reserves the right at its discretion to suspend or cancel your account and/or password, even without receiving such notice from you, if there is any suspicion that it is being used in an unauthorized or fraudulent manner.
You are solely responsible for maintaining the confidentiality of your account and password. You will also be liable for any losses incurred by 7xCapital or others due to any unauthorized use of your account.
You agree that you are responsible for your own conduct while using the Site or Services and for any consequences thereof. You agree to use the Services only for purposes that are legal, proper and in accordance with these Terms, the 7xCapital Privacy Policy, any Published Information, and any applicable law, rules or regulations (including without limitation the Securities Act, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, any applicable state “Blue Sky” laws, any other applicable United States federal or state securities laws, regulations and rules, any securities exchange or self-regulatory organization’s rules or regulations, any consumer protection, unfair competition, and anti-discrimination laws or regulations and any applicable foreign laws). By way of example, and not as a limitation, you agree to not take any action that is listed below:
Infringes Rights. You agree not to upload, post, email, transmit, submit, or otherwise make available through the Site or Services any material or content that infringes any patent, trademark, copyright, trade secret or other proprietary right of any party, unless you are the owner of such rights or have the permission of the owner to post such content. You further agree to not take any action that infringes any patent, trademark, trade secret, copyright, right of publicity, or other right of any other person or entity, or violates any law or contract, including removing any copyright, trademark or other proprietary rights notices contained in or on the Site or Services.
Distribution without Consent. You agree not to distribute in any medium any part of the Site or Services or any content available thereon without 7xCapital’s prior written authorization. The only exceptions are where 7xCapital makes available the means for such distribution through functionality offered by the Site.
Alterations or Modifications. You agree not to alter or modify any part of the Site or Services.
Submitting False, Defamatory or Harassing Information. You agree not to upload, post, email, transmit or submit or otherwise make available through the Site or Services any inappropriate, defamatory, infringing, obscene, false, misleading, inaccurate, harassing, threatening or unlawful material or content or imply that such content is sponsored or endorsed by 7xCapital, any of its affiliates or any third parties. You further agree not to take any action that would defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others.
Unlawful Purposes. You agree not to use the Site or Services for any illegal or unauthorized purpose (including, without limitation, in violation of any United States federal and state securities or blue sky laws or regulations, securities exchange or self-regulatory organization’s rules or regulations, consumer protection, unfair competition, and anti-discrimination laws or regulations or equivalent laws or regulations in foreign jurisdictions).
Non-Public Areas. You agree not to access, tamper with, or use non-public areas of the Site or Services or any other computer systems or networks connected to the Site or Services.
Breach of Security Measures. You agree not to breach any of 7xCapital’s security or authentication measures.
Unauthorized Access or Contact. You agree not to gain unauthorized access to the Site, Services, any other 7xCapital website or service, or the computer systems or networks connected to the Services through hacking, password mining or any other means. You further agree not to contact any party or user other than as allowed through the Site or Services.
Generate Artificial Traffic. You agree not to use the Services to artificially generate traffic or page links to a website or for any other purpose not expressly allowed under these Terms.
Commercial Uses. You agree not to use the Services for any commercial uses or purposes, unless you obtain 7xCapital’s prior written consent and approval. Such commercial uses include but are not limited to: (i) soliciting other users for investments of any kind; (ii) offering or selling any products or services of any kind; (iii) making investment recommendations to other users; and (iv) advertising, sponsorships, or promotions placed on or within the Site or Services.
Unlawful Schemes or Activities. You agree not to upload, post, email or transmit, or otherwise make available through the Site or Services any materials that promote pyramid schemes, chain letters or disruptive commercial messages or advertisements, or anything else prohibited by law, these Terms, the Privacy Policy or any Published Information. You further agree not to promote or provide instructional information about illegal activities or promote physical harm or injury against any group or individual.
Disabling Security Features. You agree not to circumvent, disable or otherwise interfere with security-related features of the Services or any other computer systems or networks connected to the Services. You also agree not to circumvent, disable or otherwise interfere with features that prevent or restrict use or copying of any material or content or enforce Services or content use limitations.
Impersonation. You agree not to impersonate any person or entity, including any employee or representative of 7xCapital, or falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or source of any materials.
Other. You agree not to: (i) use the Services or take any action that imposes or may impose (as determined by 7xCapital in its sole discretion) an unreasonable or disproportionately large load on 7xCapital’s or its third-party providers’ infrastructure or that could damage, disable, overburden, or impair the Services, or interfere with any other party’s use and enjoyment of the Services; (ii) interfere or attempt to interfere with the proper working of the Services or any activities conducted on the Services; (iii) bypass any measures 7xCapital may use to prevent or restrict access to the Services (or other accounts, computer systems, or networks connected to the Services); (iv) run Maillist, Listserv, or any form of auto-responder or “spam” on the Services; (v) use any robot, spider, site search/retrieval application, or other device to retrieve or index any portion of the Services or collect information about its users for any unauthorized purpose; or (vi) transmit any viruses, worms, defects, Trojan horses, or any items of a destructive nature.
PROPRIETARY RIGHTS
All content on the Site, including but not limited to designs, text, graphics, pictures, video, information, software, music, sound and other files, and their selection and arrangement (the “Site Content”), are 7xCapital’s proprietary property with all rights reserved. No Site Content may be modified, copied, distributed, framed, reproduced, republished, downloaded, displayed, posted, transmitted, or sold in any form or by any means, in whole or in part, without 7xCapital’s prior written consent, except that, if you are eligible for use of the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Site Content solely for your personal use, provided that you keep such portions confidential and all copyright or other proprietary notices intact. You may not republish Site Content on any internet, intranet or extranet site or incorporate the information in any other database or compilation, and any other use of the Site Content is strictly prohibited. Any use of the Site or the Site Content other than as specifically authorized herein, without the prior written permission of the Company, is strictly prohibited and will terminate the license granted herein. Such unauthorized use may also violate applicable laws including without limitation copyright and trademark laws and applicable communications regulations and statutes. Unless explicitly stated herein, nothing in these Terms shall be construed as conferring any license to intellectual property rights, whether by estoppel, implication or otherwise. 7xCapital may revoke this license at any time without notice and with or without cause.
USER CONTENT
The Services may allow you and other users to submit, post, transmit and share content with other users. You are solely responsible for any such content (which may include photos, profiles, messages, notes, text, information, music, video, contact information for you or others, advertisements or other content) that you upload, publish, provide or display (hereinafter, “post”) on or through the Services or the Site, or transmit to or share with other users (collectively, the “User Content”). It is against these Terms to contact sponsoring real estate operating companies or borrowers directly or to attempt to enter into any transactions with such persons or entities outside of the Service. You understand and agree that 7xCapital may, but is not obligated to, review and delete or remove (without notice) any User Content in 7xCapital’s sole discretion, including without limitation, User Content that in 7xCapital’s sole judgment violates these Terms, might be offensive or illegal, or might violate the rights of, harm, or threaten the safety of, Users or others.
By posting User Content to any part of the Site, you automatically grant, and you represent and warrant that you have the right to grant 7xCapital an irrevocable, perpetual, non-exclusive, transferable, fully paid, worldwide license (with the right to sublicense) to use, copy, publicly perform, publicly display, reformat, translate, excerpt (in whole or in part) and distribute such User Content for any purpose on or in connection with the Site or the promotion thereof, to prepare derivative works of, or incorporate into other works, such User Content, and to grant and authorize sublicenses of the foregoing. You may remove your User Content from the Site at any time. If you choose to remove your User Content, the license granted above will not expire.
You acknowledge and agree that 7xCapital may preserve content and may also disclose content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (a) comply with legal process, applicable laws or government requests; (b) enforce these Terms; (c) respond to claims that any content violates the rights of third parties; or (d) protect the rights, property, or personal safety of 7xCapital, its Users and the public. You understand that the technical processing and transmission of the Services, including your content, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices.
COPYRIGHT POLICY/COPYRIGHT COMPLAINTS
7xCapital does not permit infringement of intellectual property rights on the Site or Services, and 7xCapital will remove copyright infringing activities or related User Content if 7xCapital is properly notified that such User Content infringes on another’s intellectual property rights. If you believe that your work has been copied in a way that constitutes copyright infringement, or that any material on the Site violates these Terms or your intellectual property rights, please notify 7xCapital by sending an email to [email protected], with the following information pursuant to the Digital Millennium Copyright Act (“DMCA”): (i) a physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed; (ii) identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online site are covered by a single notification, a representative list of such works at that site; (iii) identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit 7xCapital to locate the material; (iv) information reasonably sufficient to permit 7xCapital to contact you, such as an address, telephone number and, if available, an electronic mail address at which you may be contacted; (v) a statement that you have a good-faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent or the law; and (vi) a statement that the information in the notification is accurate, and under penalty of perjury, that the you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.
CONSENT TO ELECTRONIC TRANSACTIONS AND DISCLOSURES
Because 7xCapital offers its Services on this Site and on the Internet, it is necessary for you to consent to transact business with 7xCapital online and electronically. Before you decide to do business electronically with 7xCapital, you must satisfy the following computer hardware and software requirements: access to the Internet; an email account and related software capable of receiving email through the Internet; a web browser which is SSL-compliant and supports secure sessions; and hardware capable of running this software.
7xCapital works with third-party escrow agents and administrators and uses third-party bank accounts through which it receives payments, and makes disbursements, through electronic funds transfers (ACH transfers) using the bank (or other financial institution) account information you may provide to 7xCapital. If you elect to send or receive electronic fund transfer, you authorize such bank or other financial account to pay any amounts described herein, and authorize 7xCapital’s agents to make any and all investment disbursements to such account. You agree to provide 7xCapital with updated information regarding your bank or other account upon the 7xCapital’s request and at any time that the information earlier provided is no longer valid.
By using the Services, you consent to receive from 7xCapital certain disclosures electronically, either via the Site or to the email address you provide to 7xCapital, and by these Terms you agree to receive electronically all documents, communications, notices, contracts, and agreements, including any IRS Form 1099 or other tax forms, schedules or information statements, arising from or relating to your registration as an investor on the Site, any investments you may make, your use of this Service, and the servicing of any investment you may make (each, a “Disclosure”), from 7xCapital or any of its service providers. The decision to do business with 7xCapital electronically is yours. This document informs you of your rights concerning Disclosures.
Your consent to receive Disclosures and transact business electronically, and 7xCapital’s agreement to do so, applies to any transactions to which such Disclosures relate between you and 7xCapital. Your consent will remain in effect for so long as you are a User and, if you are no longer a User, will continue until such a time as all Disclosures relevant to transactions that occurred while you were a User have been made. You may not withdraw such consent as long as you have any outstanding investments made through the Site. If you have no outstanding investments made through the Site and wish to withdraw consent to doing business electronically, 7xCapital will terminate your registered User account.
You also expressly consent to receiving messages, including emails (including SMS/text messages), and substantially similar messages widely distributed on telephone answering or voicemail systems from 7xCapital, 7xCapital’s affiliates, marketing partners, agents and others calling at their request or on their behalf, at any telephone numbers that you have provided or may provide in the future (including any cellular telephone numbers). Your cellular or mobile telephone provider will charge you according to the type of plan you carry. If you are accessing the Site and the Disclosures electronically via a mobile device (such as a smart phone, tablet, and the like), in addition to the above requirements you must make sure that you have software on your mobile device that allows you to print and save the Disclosures presented to you during the application process. These applications can be found for most mobile devices in the device’s respective “app store.” If you do not have these capabilities on your mobile device, please access the Site through a device that provides these capabilities.
Electronic Communication Privacy Act Notice (18 U.S.C. §§2701-2711): 7xCapital makes no guaranty of confidentiality or privacy of any communication or information transmitted on the Site or any website linked to the Site. 7xCapital will not be liable for the privacy of email addresses, registration and identification information, disk space, communications, confidential or trade-secret information, or any other content stored on 7xCapital’s equipment, transmitted over networks accessed by the Site, or otherwise connected with your use of the Services.
MODIFICATION
7xCapital reserves the right, in its sole and absolute discretion and without any prior notice to you, to modify, correct or replace any of the terms of these Terms of Service, or change, suspend, or discontinue the Site or the Services (including without limitation, the availability of any feature, database or content) at any time. Such modification shall become a part of these Terms and is automatically effective once posted on the Site. These Terms may not be orally amended. 7xCapital may also impose limits on certain features and services or restrict your access to all or a part of the Site or Services without notice or liability. It is your responsibility to check these Terms periodically for changes. Your continued use of the Services following the posting of any changes to the Terms of Service constitutes your acceptance of those changes.
LINKED SITES
The Site may contain links to third party websites (“Linked Sites”). Linked Sites are provided only as a convenience, and when you access Linked Sites, you do so at your own risk. Linked Sites are not under 7xCapital’s control, and you acknowledge that 7xCapital is not responsible or liable for the content, functions, accuracy, legality, appropriateness or any other aspect of such websites or resources. The inclusion of any Linked Site on the Site does not imply an affiliation, sponsorship, or endorsement by 7xCapital or any association with its operators. You further acknowledge and agree that 7xCapital shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information, goods or services available on or through any Linked Site or resource. You should also be aware that the terms and conditions and privacy policy of each Linked Site may be different from these Terms applicable to the Site and Services.
TERMINATION
7xCapital may terminate your access to all or any part of the Site and Services at any time, with or without cause, with or without notice, effective immediately, which may result in the forfeiture and destruction of all information associated with your account. If you wish to terminate your account, you may do so by following the instructions on the Site. All provisions of these Terms shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
LIMITATION OF LIABILITY
EXCEPT IN JURISDICTIONS WHERE SUCH PROVISIONS ARE RESTRICTED AND EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS, IN NO EVENT WILL 7XCAPITAL OR ANY OF ITS DIRECTORS, OFFICERS, EQUITYHOLDERS, PARTNERS, EMPLOYEES OR REPRESENTATIVES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING FOR ANY LOST PROFITS OR LOST DATA ARISING FROM YOUR USE OF THE SITE OR THE SERVICES (INCLUDING ANY INVESTMENTS MADE) OR ANY OF THE SITE CONTENT OR OTHER MATERIALS ON OR ACCESSED THROUGH THE SITE, EVEN IF WE ARE AWARE OR HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAW OR OTHER LAWS, YOU SHALL BE LIMITED TO INJUNCTIVE RELIEF ONLY, AND SHALL NOT BE ENTITLED TO DAMAGES OF ANY KIND FROM 7XCAPITAL OF ITS DIRECTORS, OFFICERS, EQUITYHOLDERS, PARTNERS, EMPLOYEES OR REPRESENTATIVES, REGARDLESS OF THE CAUSE OF ACTION.
THE FOREGOING LIMITATIONS OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION. THIS LIMITATION OF LIABILITY ALSO APPLIES WITH RESPECT TO DAMAGES INCURRED BY YOU BY REASON OF ANY PRODUCTS OR SERVICES SOLD OR PROVIDED ON ANY LINKED SITES OR OTHERWISE BY THIRD PARTIES OTHER THAN 7XCAPITAL AND RECEIVED THROUGH THE SERVICES OR ANY LINKED SITES.
CERTAIN FEDERAL AND STATE LAWS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES OR LIMITATIONS ON IMPLIED WARRANTIES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.
DISCLAIMERS
You agree that your use of the site and services and any content, products, services, or features made in conjunction with or through the services shall be at your sole risk and unless otherwise expressly stated by 7xCapital, are provided “as is” and “as available”. To the fullest extent permitted by law, 7xCapital, its officers, directors, employees, and agents disclaim all warranties, express or implied, in connection with the site and the services and your use thereof, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement of proprietary rights, compliance with united states federal and state securities or blue sky laws or regulations, securities exchange or self-regulatory organization’s rules or regulations, and equivalent laws or regulations in foreign jurisdictions, correctness, accuracy and reliability.
7xCapital does not guarantee the accuracy of any User Content or third party content. 7xCapital does not control and is not responsible for what users post on the Site and are not responsible for any offensive, inappropriate, obscene, unlawful or otherwise objectionable content you may encounter on the Site or in connection with any User Content or third party content. We are not responsible for the conduct, whether online or offline, of any user of the Site or Services. We cannot guarantee and do not promise any specific results (relating to investments or otherwise) from use of the Site and/or the Services.
7xCapital has no special relationship with or fiduciary duty to you and without limiting the foregoing, makes no representation or warranty with respect to the merits and risks of any investments made by using or through the services. As with the purchase of a product or service through any medium or in any environment, you should use your best judgment and exercise caution where appropriate. 7xCapital is not responsible for verifying that any investor or user is an accredited investor beyond reviewing information submitted directly to 7xCapital or its designated agents. 7xCapital does not recommend any investment opportunities specifically to or for any user or endorse their suitability for investment by any specific user.
The Site and the Services may be temporarily unavailable from time to time for maintenance or other reasons. 7xCapital assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, User communications. 7xCapital is not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, computer equipment, software, failure of email or players on account of technical problems or traffic congestion on the Internet or on the Site or combination thereof, including injury or damage to users or to any other person’s computer related to or resulting from participating or downloading materials in connection with the Internet and/or in connection with the Site or the Services. Under no circumstances will 7xCapital be responsible for any loss or damage, including any loss or damage to any User Content or personal injury or death, resulting from anyone’s use of the Site or the Services, any User Content or third party content posted on or through the Site or the Services or transmitted to users, or any interactions between users of the Site, whether online or offline.
INDEMNIFICATION
To the extent permitted by applicable law, you agree to defend, indemnify and hold harmless 7xCapital, its affiliates, officers, directors, employees, contractors, suppliers, representatives and agents, from and against any and all claims, damages, obligations, losses, liabilities, costs or debts, and expenses (including but not limited to attorney’s fees) arising from or relating to: (i) your use or misuse of and access to the Site, Services, or any content thereon; (ii) your violation of any of these Terms of Service, 7xCapital’s Privacy Policy, or any Published Information; (iii) infringement by you or any third party using your account of any third party right, including without limitation any copyright, property, or privacy right; or (iv) any claim that your User Content caused damage to a third party.
This defense and indemnification obligation will survive these Terms and your use of the Service. 7xCapital reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will assist and cooperate with the Company in asserting any available defenses.
If you are a California resident, you waive California Civil Code Section 1542, which says: ”A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” If you are a resident of another jurisdiction, you waive any comparable statute or doctrine. In addition, you hereby release any claims you may have against 7xCapital and any employee, officer, director or affiliate of 7xCapital that are in anyway related to your use of the Site or Services, including any referrals you may receive from 7xCapital as a result of your registration. You are solely responsible for your use of the Site or Services, for any content you provide, and for any consequences thereof, including the use of your content by other users and third parties.
GOVERNING LAW; ARBITRATION
These Terms of Service (and any further rules, policies, or guidelines incorporated by reference) shall be governed by and construed and enforced in accordance with the laws of the State of Indiana as they apply to agreements entered into and to be performed entirely within Indiana between Indiana residents, without giving effect to any principles of conflicts of law, and without application of the Uniform Computer Information Transaction Act or the United Nations Convention of Controls for International Sale of Goods. By your agreement to these Terms and your use of the Services, you agree to submit to personal jurisdiction in Indiana for all purposes, and you agree to waive, to the maximum extent permitted by law, any right to a trial by jury for any matter. Unless otherwise agreed in writing by you and 7xCapital, any dispute arising out of or relating to these Terms, or any breach thereof, shall be finally resolved by binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, or such arbitration body as required by law, rule or regulation, and final judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The arbitration will be conducted in the English language before a single arbitrator in Indiana. Such arbitration must be commenced within one (1) year after the claim or cause of action arises. Notwithstanding the foregoing, either 7xCapital or you may apply to any court of competent jurisdiction for injunctive relief without breach of this arbitration provision. You acknowledge and agree that you may bring claims against 7xCapital only in an individual capacity and not as a plaintiff or class member in any purported class or representative proceeding.
OTHER
These Terms, together with 7xCapital’s Privacy Policy, Published Information, and any other legal notices published by 7xCapital on the Site, shall constitute the entire agreement between you and 7xCapital concerning the Services and supersedes all prior or contemporaneous communications, agreements and understandings between 7xCapital and you with respect to the subject matter hereof. To the extent these Terms conflict with the terms of 7xCapital’s Privacy Policy or the Published Information, these Terms will control. These Terms shall not be assignable by you, either in whole or in part. 7xCapital reserves the right to assign its rights and obligations under these Terms without restriction. The failure of 7xCapital to enforce any right or provision of these Terms will not constitute a waiver of future enforcement of that right or provision. The waiver of such right or provision may only become effective upon written agreement signed by a duly authorized representative of 7xCapital. The section titles in these Terms and the Privacy Policy are for convenience only and have no legal or contractual effect. If for any reason any provision of these Terms, or a portion thereof, shall be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of these Terms, and the remainder of these Terms shall continue in full force and effect. If any provision of the Terms shall be unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from the Terms and will not affect the validity and enforceability of any remaining provisions. A printed version of these Terms shall be admissible in judicial or administrative proceedings.
IMPORTANT MESSAGE: 7xCapital.com is a website owned and operated by 7xCapital, LLC, (“7xCapital”). By accessing the website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as each may be amended from time to time. 7xCapital is not a registered broker, dealer, investment advisor, investment manager or registered funding portal. The securities offerings on this site are available only to “Accredited Investors” – generally, natural persons must have a net worth of over $1 million (exclusive of residence) or income in excess of $200,000 individually or $300,000 jointly with a spouse. The securities are offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended, and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the Securities and Exchange Commission nor any state regulator has passed upon the merits of or given its approval to the securities, the terms of the offerings, or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities. Investing in securities involves risk, and investors should be able to bear the loss of their entire investment. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis.
The information on the website includes historic results of certain investments made by 7xCapital; however, past performance is no guarantee of future results. Historic returns may not reflect actual future performance, may not reflect potential deductions for fees which may reduce actual realized returns. Investors are advised that any investment with 7xCapital may experience different results from those shown. Projected IRR and multiples are based upon the anticipated redemption or maturity date. All investments offered by 7xCapital involve risk and may result in loss.
Some of the statements contained on the 7xCapital website are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause an investment’s actual results, levels of activity, performance, or achievements to be materially and adversely different from those expressed or implied by these forward-looking statements. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “targeted,” “projected,” “underwritten,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other comparable terminology.
Although 7xCapital believes that the expectations reflected in the forward-looking statements are reasonable, guarantees of future results, levels of activity, performance or achievements cannot be made. Moreover, neither 7xCapital nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements. Neither 7xCapital nor any other person or entity is under any duty to update any of the forward-looking statements to conform them to actual results.
The information on this website contains a preliminary summary of the purpose and principal business terms of the investments offered by 7xCapital. This summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in the actual text of the definitive documentation regarding such investment. Further, the overviews presented on the 7xCapital website do not constitute an offer to sell or a solicitation of an offer to make an investment herein. No such offer or solicitation will be made prior to the delivery of definitive documentation relating to such investment. The information on this website does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful.