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e <br />TRANSDYN, INC. <br />TERMS AND CONDITIONS <br />1. ACCEPTANCE. Prices quoted are firm for 60 days unless otherwise stated In quotation. Acceptance of your order is expressly <br />conditional upon acceptance of these Terms, which shall constitute the complete agreement. No waiver or modification of any Terms <br />shall be binding on Seller unless made in writing and signed by the Sellers authorized representative. <br />2. PRICE ADJUSTMENTS. If shipment is delayed for any reason by Purchaser. Seller may adjust prices based on prevailing conditions <br />and add all costs caused by the delay. Seller may store the products at which time the risk of loss shall pass to Purchaser and all <br />storage expenses shall be paid by Purchaser. <br />3. TAXES. Prices quoted do not include any property, sales, use or other taxes levied on the equipment, services, or this agreement. <br />Purchaser shall pay for such taxes unless Purchaser furnishes a proper tax exemption certificate. <br />4. TERMS OF PAYMENT. <br />A. An invoices are due 15 days from invoice, and payable in U.S. funds, free of any exchange or other charges. <br />B. Purchaser shalt, without formal notice, be liable for interest on past due amounts at 3% over the prime rate. <br />C. All shipments shall be subject to the ongoing approval of Sellers Credit Department - <br />5. DELIVERY. Seller shall, after consulting Purchaser, deliver products F.O.B. point of shipment, with freight Invoiced to Purchaser. <br />For any shipment, Purchaser must unpack Immediately and if damage Is discovered must: a) not remove product from point of <br />examination unless necessary to protect the product; b) retain shipping container and packing material; c) notify carriers agency to make <br />Inspection; d) send Sellers copy of carriers inspection report; and a) take necessary steps to protect the equipment from any damage. <br />In no event Is Seller liable for any claims or damages if these steps are not followed. <br />6. CHANGE ORDER. If Purchaser requests changes in the scope of work. Seller shall review the request and notify Purchaser of the <br />effect on price, delivery, performance, and other contract terms by Seller under the order or contact. <br />All Change Orders shall state the adjustment to scope of work, contract price, and other relevant terms. No change shall bind Seller <br />unless made In writing and signed by Sellers authorized representative. <br />7. DELAY. Seller shall not be liable for delays due to causes beyond its control, including without limitation, acts or omissions of <br />Purchaser, acts of God, Government regulations, fires, strikes, floods, riot, war, embargoes, transportation delays, or inability to obtain <br />labor, materials, or manufacturing facilities despite diligent efforts_ In no event shall the contract be canceled by Purchaser, due to delays <br />or any other cause, except by written agreement (see Termination paragraph 13). No damages for late shipment may be assessed <br />against Seller_ <br />a. WARRANTIES_ Seller warrants the equipment and services of its own manufacture against defects in material and workmanship for <br />one year' from delivery or, if installed by Seller, for one year' from installation of equipment/performance of services or portions thereof <br />but not to exceed eighteen months from shipment, provided Purchaser must give Seller Immediate written notice upon discovery of the <br />defect and Immediately ceases use of equipment to prevent further damage. Seller's obligation is limited to furnishing a repaired or <br />replacement part or, at its option, to repairing the defective part F_O.B. Seller's plant. Purchaser shall pay cost of field labor. This <br />warranty excludes equipment or services damaged due to: abuse: accident; alteration or repair by anyone other than Seller's authorized <br />representatives; improper storage; misuse; Improper maintenance; failure to observe Instructions; Improper or unauthorized access or <br />use; hacker or cracker intrusion or disruption; distributed denial of service attacks; computer viruses or worms; loss, theft, misuse, <br />alteration or corruption of data, programs or Information; failure of network security; or other acts, omissions, torts or crimes. <br />Salley reserves the right to investigate claims by Purchaser as to defects. Buyer shall pay costs to Investigate invalid claims and for any <br />repair or replacement shown by Investigation not to be covered by warranty. <br />Products supplied but not manufactured by Seller shall be subject only to the warranty extended by the original manufacturer. <br />THE WARRANTIES SET FORTH IN THIS PROVISION ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES <br />WHETHER STATUTORY, EXPRESS OR, IMPLIED (INCLUDING ALL WARRANTIES OF MERCHANTABILITY AND FITNESS <br />FOR PARTICULAR PURPOSE AND ALL WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OR TRADE), <br />EXCEPT OF TITLE AND AGAINST PATENT INFRINGEMENT. <br />'or such period as required by specifications <br />1 of 2 <br />rev: Jan, 2011 <br />