Conditions of Sale, Payment and Delivery

Conditions of Sale, Payment and Delivery of ViscoTec America, Inc.

TERMS AND CONDITIONS APPLICABLE
The terms and conditions set forth herein shall apply to all sales of goods and services (‚Products’) made or provided by ViscoTec America Inc. (the „Company“) to any purchaser (the „Buyer“). The Company‘s acceptance of any order for Products (each, an „Order“) is expressly made conditional upon assent to the terms and conditions set forth herein. The Company does not accept and hereby expressly rejects all terms and conditions contained in any document issued by Buyer which purport to pertain to the Products and/or the relationship between Company and Buyer, which terms and conditions are in addition to or inconsistent with the terms and conditions set forth herein, and such terms and conditions shall not become part of any Order.
TERMS
Except as otherwise provided herein terms are cash net 30 days. Amounts past due are subject to a service charge of 1- 1/2% per month (or fraction thereof) or maximum contract rate permitted by law. If the Company deems that by reason of the financial condition of the Buyer or otherwise the continuance or production or shipment in the terms specified herein is not justified, the Company may require full or partial payment in advance. For larger orders a down payment will be required depending on the extent of the order. Progress payments may also be required. Legal fees associated with the collection of delinquent accounts will be the responsibility of the Buyer.
PRICE POLICY
Prices shall be subject to adjustment to those in effect at time of shipment, in accordance with the Producer Price Index, other general purpose machinery manufacturing, as published by the U.S. Department of Commerce.
PACKING
The Company reserves the right to charge for packing.
DELIVERY
Shipping dates given by the Company are approximate and are based on prompt receipt of all necessary information regarding the Order. The Company will use commercially reasonable efforts to meet the scheduled date shown on the Order acknowledgement issued by the Company („Acknowledgment“), but cannot be held responsible for a failure to do so for causes beyond its reasonable control and in no event shall it be liable for any loss or damage from the failure to deliver within the time specified herein.
In the event of any delay requested by the Buyer or any delay caused by lack of shipping instructions, the Company will store all items ordered at the Buyer‘s risk and expense, and will invoice the Buyer for the full contract price of the Product on or after the date on which the same is ready for delivery. If manufacture is delayed by the Buyer, payment shall be made on the percent of completion and the contract price.
METHOD OF SHIPMENT
Unless otherwise specified in the Acknowledgment or the Order to which it refers, all shipments made pursuant to the Order shall be made F.O.B. Kennesaw, GA or nearest stocking point. In the event that any other method of shipment shall be specified, the price shall be adjusted to reflect any increase or decrease in the price to the extent that the cost of shipment is or will be included therein.
CHANGES
The Buyer may with the written consent of the Company make changes in the Products covered by an Order. In the event of any such change, the Buyer shall pay to the Company the reasonable costs and other expenses incurred by the Company for such change for all work rendered to effect such change, plus the Company‘s usual profit thereon.
CANCELLATION
The Buyer may cancel an Order only upon written consent and upon payment to the Company of cancellation charges which shall take into account, among other things, anticipated profits, expenses incurred and commitments already made by the Company.
REGULATORY LAWS AND/OR STANDARDS
The Company makes no promises or representation that its Products will conform to any federal, state or local laws, ordinances, regulations, codes or standards, except as particularly specified and agreed upon for compliance in writing as part of the contract between Buyer and the Company. The Company prices do not include the cost of any related inspections, permits and inspection fees.
RISK OF LOSS
Notwithstanding title to or ownership of the Products, risk of toss shall pass to the Buyer as soon as the Products have been handed over to a common carrier.
SECURITY INTEREST
Title and ownership of the Products are and shall remain vested in the Company, notwithstanding delivery or possession, until the entire price is paid by cash in full. Buyer agrees to do all acts necessary to perfect and maintain such security right and title in the Company, The Buyer must maintain, at its own expense, insurance in an amount equal to the sale price against loss or damage of any Product covered by an Order and agrees to furnish the Company with satisfactory proof of this coverage.
TAXES
Buyer shall be responsible for the payment or disposition of any state taxes imposed as a result of an Order, whether such taxes are
imposed or levied at the time of the transaction or at any subsequent time. „Taxes“ shall include any penalty or interest on such tax obligation. Company agrees to cooperate fully with Buyer in any attempt by Buyer to have any such taxes released or reduced. The prices do not include any applicable sales, use, excise or similar taxes. The Buyer assumes responsibility for all such taxes.
MINIMUM BILLING
Shall be $75.00 net plus transportation costs and any packaging charges.
PRODUCT LIABILITY
Buyer acknowledges that the Company has no control over, and is not responsible for, the manner in which the Products will be used or otherwise dealt with by the Buyer. The Buyer therefore agrees to assume all responsibility for, and shall indemnify, defend and hold the Company harmless from and against, any and all losses, liabilities, actions, claims, demands and expenses (including without limitation attorneys‘ fees and court costs) (collectively, „Losses“) arising out of or in any way connected with the installation, maintenance, use or operation of the Products, or the design, construction or composition of any item or items made or handled by the Products supplied hereunder, including any such Losses based in whole or in part on the default or negligence of the Company. Buyer shall further indemnify the Company with respect to any Losses arising from or relating to any actual or alleged infringement of Products manufactured to Buyer‘s specifications.
RETURN OF GOODS
Written permission from the Company must be obtained before returning any Products. Elastomeric products, products made to order, products not normally stocked or products for which there is no current demand will not be accepted as a return. The Company will charge a certain percentage of the value of the goods for restocking.
LIMITED WARRANTY
The Company warrants that at the time of shipment the Products will be free from any material defect in material or workmanship. All claims for breach of the foregoing warranty must be made by the Buyer in writing within one (1) year after the date of shipment of such Products (the „Warranty Period“). Company‘s exclusive obligation under the foregoing warranty, and Buyer‘s exclusive remedy with respect to same, shall be limited to repair or replacement of any defective Product, or, if the Company in its sole discretion determines that such repair or replacement is impracticable, return of the purchase price paid for such Product. The Company shall have no liability with respect to any warranty claim not made within the Warranty Period.
The return of all Products submitted under this warranty must be authorized by the Company and transportation prepaid by the shipper. The Company has no liability for any repairs made outside the Company‘s factory, unless with its prior written consent. The warranty set forth in this Section will not be applicable unless the affected Product has been maintained and operated under normal conditions and in accordance with the specifications provided, and for the application(s) identified in writing, with the Order and/or the Products, In no event will the Company be responsible for damage resulting from misuse, abuse, or improper storage or handling of any Product. Notwithstanding anything to the contrary contained herein, the warranty on purchased items, assemblies or accessories which are provided or installed as a separable component shall not extend beyond the warranty made by the manufacturer of the component.
THE FOREGOINGWARRANTY IS PROVIDED IN LIEU OF ALL OTHER WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, EACH OF WHICH IS HEREBY DISCLAIMED BY THE COMPANY, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF NONINFRINGEMENT, TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT WILL THE COMPANY HAVE ANY LIABILITY TO BUYER OR ANY THIRD PARTY FOR ANY INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY LOSS, COST, EXPENSE, LIABILITY OR DAMAGE, WHETHER DIRECT OR INDIRECT, IN CONNECTION WITH OR ARISING OUT OF ANY ORDER OR THE SUPPLY OR USE OF ANY PRODUCT. IN NO EVENT WILL THE COMPANY‘S LIABILITY WITH RESPECT TO ANY ORDER OR THE SUPPLY OR USE OF ANY PRODUCT EXCEED THE AMOUNT ACTUALLY PAID BY THE BUYER WITH RESPECT TO SUCH PRODUCT.
EXCLUSIONS TO WARRANTY
Elastomeric Products, Stators, Rotors, Mechanical Seals, Shaft Seals, Joint Parts and other wearing parts are excluded from the foregoing warranty and are provided „as is, where is“.
PROPRIETARY RIGHTS
Any and all models, drawings, sketches, parts and other information supplied by one party to the other shall remain the property of the party who shall have supplied it. The other party may not use any material or information except with respect to the Products dealt with herein. The Products are offered for sale and are sold by the Company subject in every case to the condition that such sale does not convey any license, expressly or by implication to manufacture, duplicate or otherwise copy or reproduce any of the Products or any part thereof.
APPLICABLE LAW, JURISDICTION
This contract and all rights and duties of the Company and the Buyer will be governed by the laws of the State of Georgia, without regard to its conflict of law principles. Any dispute arising out of or in connection with this order or the relationship of Company and Buyer shall be adjudicated exclusively In the state courts for Cobb County, Georgia or the federal courts for Georgia and all parties consent to personal jurisdiction and venue therein.
BUYERS DELEGATION
Buyer may not assign or delegate any of its rights or obligations under any Order without the prior written consent of the Company. Any attempted assignment or delegation in violation of this paragraph will be null and void.
PARTIES BOUND
This contract shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this contract.
INTEGRATED AGREEMENT, NO WAIVER
The terms of this contract are intended by the parties as a final expression of their agreement with respect to such terms and also as a complete and exclusive statement of such terms, No failure by Company to take any action or assert any right hereunder shall be deemed to be a waiver of such right in the event of the continuation or repetition of the circumstances giving rise to such right.
SEVERABILITY
In case anyone or more of the provisions contained in this contract shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision thereof and this contract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein.
ATTORNEY FEES AND EXPENSES
In addition to all other remedies provided by law, the party aggrieved by any breach where settlement is made through negotiation, or the prevailing party in any litigation resulting from the breach, will be entitled to reasonable attorney‘s fees, plus any shipping costs incidental to repairing the immediate incident of the breach and court expenses.

Kennesaw, February 28th 2018

ViscoTec America Inc.
1955 Vaughn Road, Suite 209
Kennesaw, GA 30144
USA