THE TERMS AND CONDITIONS BELOW CONSTITUTE THE AGREEMENT BETWEEN THE PARTIES

Offer and Acceptance

a) This document (“Reoflex’s Terms”) constitutes Reoflex USA LLC’s acknowledgement of the purchase order or other form of offer (“Order”) issued by you (“Buyer”) for the purchase of Reoflex products described in the Order (“Product”). By placing an Order, Buyer makes an offer to purchase the Product pursuant to Reoflex’s Terms, and no other terms. Reoflex’s acceptance of, and commencement of performance pursuant to an Order is expressly conditioned on, and constitutes, Buyer’s assent to all of the terms and conditions in Reoflex’s Terms. The terms and conditions set forth in Reoflex’s Terms will constitute the entire agreement relating to the purchase of the Products with respect to such Order, Buyer shall be deemed to have accepted all of Reoflex’s Terms, and any different or additional terms in the Order are rejected. Unless otherwise specified in this or some other document signed by Reoflex, the terms and conditions of sale set forth in the Reoflex’s Terms apply to all Product sold or provided to Buyer by Reoflex.

b) Any terms in the Order which purport to reject, amend or alter some or all of Reoflex’s Terms, by virtue of standard form language or otherwise, shall not be sufficient objection. Buyer shall be required to set forth each objection to Reoflex’s Terms in a separate writing signed and dated by Buyer and delivered to Reoflex prior to Reoflex’s shipment of the Products. Reoflex’s failure to object to provisions in the Order or any purchase order or other communication from Buyer (including, without limitation, penalty clauses or warranties of any kind), shall not constitute a waiver by Reoflex of Reoflex’s Terms, nor an acceptance by Reoflex of any such provisions. Any terms in the Order or any other documents which are different from or in addition to Reoflex’s Terms are rejected unless specifically accepted by Reoflex in a separate document signed by both Buyer and Reoflex, regardless of whether such other terms would materially alter these terms. No course of dealing, custom or usage, which is contrary to Reoflex’sTerms shall apply.

c) Each Order shall specify

(i) the amount of the purchased Products and the location to which the ordered Products are to be shipped and

(ii) the requested ship date. Reoflex reserves the right to correct any typographical or clerical errors in prices, specifications, quotations or acknowledgments.

d) The Agreement constitutes the entire agreement of the parties, and supersedes all prior written or oral representations made by the parties with respect to the subjects addressed in this Agreement. The parties do not intend that their Agreement shall create a right of enforcement in any third party and, in fact, the parties expressly intend that there be no third parties with standing to enforce any provision of the parties’ Agreement. In the event Buyer obtains funding from a third party, Buyer agrees that Buyer shall have no rights as a third-party beneficiary in any contract between Reoflex and that third party.

 

Prices, Shipment, Delivery and Inspection

a) Prices are based on U.S. dollars and are Freight on Board point of delivery. If no price is included in the Order, the Price shall be the price set out in Reoflex’s published price list in force as of the date of the Order, as may be amended from time to time. Prices do not include applicable freight or delivery charges, fuel surcharges, insurance, customs, duties, fees or taxes (such as present or future sales, excise, use, ad valorem) or any export or import duties. Those charges may be prepaid by Reoflex and added to Buyer’s invoice.

b) The Products subject to this sale shall be limited to those described in the Reoflex Invoice accompanying the Product and/or shipment.

c) Sales Tax will be charged on all shipments unless a current exemption certificate is on file with Reoflex.

d) Risk of loss or damage to the Product shall pass from Reoflex to Buyer upon delivery.

e) Any shipment, delivery or performance date stated in the Order, Reoflex Invoice or other contract document is approximate only and does not constitute any guarantee of shipment, delivery or performance on any particular date.

f) Buyer shall inspect and accept conforming Product or reject nonconforming Product delivered by or for Reoflex upon delivery to Buyer’s facility. All Product delivered shall be conclusively deemed accepted and to conform to contract requirements unless rejection is made or specific objection or notice of nonconformity is given in writing to Reoflex upon delivery. Any shortages or damages must be noted at the point of delivery.

g) On receipt of notification of rejection, Reoflex will arrange to receive back the Product for shipment and return. Reoflex may have an agent inspect the Product for nonconformity, including inspection made on return to Reoflex’s point of shipment. If confirmed as nonconforming, Reoflex may thereafter ship conforming Product following the notice of rejection, unless Buyer earlier notifies Reoflex to forego this shipment.

h) The Product subject to this sale, and any related technology or software, which is exported from the United States, is done in accordance with the Export Administration Regulations. Buyer diversion, export or re-export or other transfer is at Buyer’s own expense; and if contrary to applicable U.S. laws, is expressly prohibited and at Buyer’s own risk.

i) Buyer shall ensure Products are not resold to members of the general public if Products are for Professional and/or Commercial Use Only.

 

Payments, Title and Security Interests

a) Payment shall be due as stated on the Reoflex Invoice for the Product. All payments shall be made in U.S dollars. All payments by Buyer shall be without deductions for back charges, set-offs, other accounts between Reoflex and Buyer and the like, which shall be settled independently of the payment of the Invoice, unless expressly allowed under an applicable Reoflex Credit Memo or alternate written approval; provided, however, that Reoflex reserves the right of set-off against Buyer and any affiliated entities thereof. Payment shall not prejudice claims on account of omissions or shortages in shipment, but no such claim will be allowed unless made upon receipt of the applicable shipment by Buyer.

b) Should Buyer delay payment beyond the date it is due, interest and/or service charges may be charged on the unpaid balance at the highest rate allowable by law. All dishonored checks will be assessed a service charge at the highest rate allowed by law. Reoflex expressly reserves the right to modify payment terms, credit terms and/or limits, restrict delivery and/or place accounts on C.O.D. or cash-only status at any time.

c) Notwithstanding that risk of loss passes to Buyer upon delivery, Reoflex shall retain and Buyer hereby grants to Reoflex a security interest in the Product and any proceeds therein until payment in full is received by Reoflex. At the request of Reoflex, Buyer shall sign all financing statements and other documents required to attach, perfect or otherwise protect such security interest.

d) Upon default by Buyer of the payment terms, or any other violation of the Reoflex Terms, Reoflex may exercise any or all of the following remedies with respect to the Product and/or purchases:

(i) replevin or seizure by judicial process or otherwise;

(ii) acceleration of remaining payments so that they are immediately due;

(iii) cancellation, refusal to enter into or perform any Order;

(iv) damages for any unpaid portions of the sales price, loss or for consequential or incidental damages;

(v) indemnification from Buyer from and against loss, damages and expenses; and (v) interest, attorneys’ fees and costs. This list of remedies is not exclusive or exhaustive, and shall be cumulative and in addition to any other remedies available at law.

 

Cancellation

a) Cancellation or suspension of the Order after acceptance by Reoflex may be made only on terms that will compensate Reoflex for loss due to the cancellation. Prior to shipment, Buyer may cancel by giving written notice of cancellation to Reoflex. Buyer may cancel after shipment only if Buyer pays restocking, shipping and handling charges as reasonably determined by Reoflex, including but not limited to those described in the Reoflex’s Product Return Policy herein. b) Notwithstanding anything contained herein to the contrary, Reoflex may reject in writing any Order submitted by Buyer if Reoflex, in its sole discretion, determines that it cannot meet the quantity of purchased Products to be delivered or the requested shipment date specified in such Order.

 

Product Return Policy

a) Product returned by Buyer to Reoflex within 30 days of Invoice date will be accepted for full credit to the Buyer, subject to these Reoflex Terms, including Section 8 herein; however, a 20% restocking fee may be charged by Reoflex to Buyer. Product may not be returned by Buyer to Reoflex after 30 days of Invoice date.

b) Product must be returned in original packaging, and Buyer must include a copy of the Invoice with any return.

c) Buyer is responsible for all freight associated with returning Products to Reoflex. Risk of loss or damage to Product shall pass from Buyer to Reoflex upon physical receipt by Reoflex.

d) Any and all Product claimed defective must include a written explanation of how the Product was stored, as further described in Section 8 herein.

e) If, in Reoflex’s judgment, a returned Product is not defective or not shipped in error, and a Reoflex credit is issued, Reoflex may apply a service charge of 20% of the purchase price. If credit is not in order or issued, Buyer will be so notified.

 

Product Design

a) Buyer acknowledges that changes and improvements in the formula and specifications of Product may be made from time to time by Reoflex

(i) may substitute such Product for the Order and

(ii) has no obligation to provide notice thereof to Buyer.

b) The supply of Product hereunder shall not cause, vest or establish any right or license in Buyer under any patent or patent application, trademark, copyright or other intellectual property or trade secret now or hereafter owned or controlled by Reoflex. Irrespective of whether the Product manufactured or supplied hereunder is made to Buyer’s drawings or designs, Reoflex shall be under no liability whatsoever for patent infringement.

 

Delays

a) Reoflex shall not be liable for loss, damage or nonperformance resulting from force majeure, including but not limited to: strikes, labor disturbances, material shortages, non-manufacturing conditions, delays or failures of carriers or communications, epidemics, fire, flood, storms, accident, riot, war and invasion, governmental requisition or priorities, acts of God, or other causes beyond Reoflex’s reasonable control.

b) Time is not of the essence with respect to any times or dates. However, any dates for payments from Buyer to Reoflex and Product Returns noted herein are of the essence.

 

Warranty and Remedies

a) As the exclusive remedy, in accordance with the Reoflex Terms and provided such Product is deemed by Reoflex to be defective, Reoflex shall, at its sole option

(i) replace the defective Product or thereof;

(ii) provide Buyer with a credit on its account in an amount equal to the original purchase Price of the defective Product; and/or

(iii) require that Buyer tender any such claims to the third party of the Product, upon which Reoflex may endeavor to assist Buyer in resolution. Reoflex will accept warranty claims only from the Buyer that purchased the Product directly from Reoflex, and this is non-transferable or assignable to any resale of Product thereafter. All warranty claims must include a return to Reoflex of the allegedly defective Product, and shipped F.O.B. Reoflex’s receiving dock, unless otherwise instructed. Reoflex reserves the right to examine all returned Product to determine whether the return qualifies for the exclusive remedy set forth in these Reoflex Terms. No benefits or remedies are available under this limited warranty while the Invoice for the Product remains outstanding.

b) In any action brought by the Buyer against Reoflex, regardless of the form or forum, Reoflex shall not be liable to Buyer, end user, customer or any third party for special, consequential, incidental, liquidated or punitive damages and, under no circumstances shall any award against Reoflex in favor of Buyer, end user, customer or any third party exceed the amount paid to Reoflex by Buyer during the twelve (12) month period immediately preceding the date on which notice is first given to Reoflex of the claim. The parties agree the foregoing remedy is reasonable and does not cause the Agreement to fail of its essential purpose.

c) Buyer shall defend, indemnify and hold harmless Reoflex (and Reoflex’s parent company, its subsidiaries, affiliates, successors or assigns and their respective directors, officers, shareholders and employees, individually and collectively, “Indemnitees”) against any and all claims, demands, judgments, loss, injury, death, damage, liability, deficiency, actions, interest, award, penalty, fine, cost or expense, including reasonable attorney and professional fees and costs, and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers arising out of or occurring in connection with the Products purchased from Reoflex and involving Buyer’s acts, omissions, negligence, misconduct or breach of Reoflex’s Terms.

 

Non-Waiver

No failure by Reoflex to exercise any right accruing to it by virtue of the Reoflex/Buyer relationship, failure to enforce strict performance under Reoflex’s Terms or under any contract of sale entered into with the Buyer shall operate as a waiver thereof or preclude the exercise of any other right or privilege by Reoflex. The rights and remedies reserved herein shall be cumulative and additional to all other rights and remedies available to Reoflex in law, equity or otherwise.

 

Confidential Information

All non-public, confidential or proprietary information of Reoflex, including, but not limited to, specifications, samples, documents, data, business operations, customer lists, pricing, discounts or rebates, disclosed by Reoflex to Buyer, whether disclosed orally, visually, or disclosed or accessed in written, electronic or other form or media, and whether or not marked, designated or otherwise identified as “confidential,” in connection with the Order is confidential, solely for the use of performing the Order and may not be disclosed, copied or disseminated unless authorized by Reoflex in writing. Reoflex shall be entitled to injunctive relief for any violation of this Section. This Section shall not apply to information that is: (a) in the public domain; (b) known to Buyer at the time of disclosure; or (c) rightfully obtained by the Buyer on a non-confidential basis from a third party.

 

Notice

Any notice required or contemplated hereunder by Buyer to Reoflex shall be in writing and shall be delivered personally or sent by facsimile or by prepaid registered mail to Reoflex.

 

Limitation of Actions

Any action by Buyer arising out of Reoflex’s acceptance of the Order or arising out of Buyer’s acceptance of the Product supplied must be commenced within one year after the cause of action has accrued. Buyer expressly waives and foregoes any right to trial by jury.

 

No Third-Party Beneficiaries

This Order is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of Reoflex’s Terms.

 

Governing Law

The rights and obligations of the Buyer and Reoflex, and the construction and effect of any contract formed between them shall be governed by the laws of the State of Ohio, exclusive of choice of law provisions. Buyer consents to the personal jurisdiction of any state or federal court located within the State of Michigan and waives any objection to and agrees not to assert any defense based on jurisdiction or venue.

 

Entire Agreement and Amendments

For purposes of this Agreement, “Reoflex USA LLC” or “Reoflex” may include its subsidiaries, affiliates, parents, and affiliated entities and subsidiaries thereof, in Reoflex’s sole discretion. There are no other terms and conditions applicable to the purchase and sale of Reoflex’s Product other than those contained herein. No modification, amendment, waiver or other change of any provision of Reoflex’s Terms shall be binding on Reoflex without Reoflex’s written consent. Invalidity of any provision of Reoflex’s Terms shall not affect the validity of any other provision of this document and any invalid provision shall be severed from the valid provisions. Buyer shall not assign, transfer, delegate or subcontract any of its rights or obligations under the Order without the prior written consent of Reoflex. Any purported assignment or delegation in violation of this Section shall be null and void. No assignment or delegation shall relieve Buyer of any of its obligations hereunder. Reoflex may at any time assign, transfer or subcontract any or all of its rights or obligations under the Order without Buyer’s prior written consent. Reoflex reserves the right to change, modify and/or discontinue these Terms at any time, with or without notice.

 

Survival

Provisions of this Order which by their nature should apply beyond their terms will remain in force after any termination or expiration of this Order.