General Terms of Business

Purchases

1. General Terms
   The terms of the contract apply to all orders including future ones.
   Any possible derogration from the contract by the supplier will be void even if they are undisputed.
2. Order:
   Our conditions of contract are only valid if they are made in writing.
3. Period of Delivery:
   The dates agreed upon are fixed.
4. Terms of Delivery:
   The delivery will be carried out free domicile and free ex-warehouse to the address specified by the buyer.
5. Responsibility:
   The confirmation of the delivery by the buyer is not regarded as taking possession of the goods; this only occurs after the checking oft he entire delivery. The customer is not under obligation to accept a partial delivery.
6. Guaranty:
   The goods delivered must be conform to the respective legal requirements. The application of paraghraps 377 and 378 of the Commercial Code will not be taken into consideration. Goods returned will be returned from the place of delivery at the expense and risk oft he supplier. These conditions are also applicable in the case oft he delivery of replacement parts.
7. Prohibition of Transfer of Contract:
   The supplier may not transfer or delegate his rights on orders. A violation of this regulation concerning the transfer or delegation of his rights has no legal force.
8. Most-Favoured-Nation Clause:
   The supplier provides the customer with the most-favoured-nation treatment. In the case whereby the supplier delivers his goods at more advantageous prices and conditions to another buyer, he would then immediately be under obligation to inform his buyer and to grant him these same, more advantageous conditions.
9. Competent Court/Applicable Law:
   The laws of Austria shall apply exclusively, with the exclusion of the UN Commercial Law. It is agreed that Wels is the place of performance and of the competent court.

Sales

1. General Terms:
   The terms of the contract apply to all orders including future ones.
   Any possible degroation from the terms oft he contract on the part of the customer will be void, even if they are undisputed.
2. Our offers are always without obligation, the orders are only provisional until we confirm them in writing. Our verbal agreement requires a written confirmation to become valid.
3. Legal tax on sales is not included in our price. On the day of delivery only the prices listed or the valid prices on the day indicated on the bill, will be applied. In the case of payment in arrears, interest on overdue payments respectively in the area of 5% oft he interest rates for the discount oft he National Bank of Austria are applicable.
4. The delivery terms will be respected as far as possible, and will not be considered as fixed dates.
5. Ownership clause:
   The goods remain our property until payment of the bill; in the case of delay in payment, we have the right to seize the entire shipment and to use it immediately for our own accord.
6. Any defects must be reported in writing within 24 hours, even if the customers business is not in operation. The customer must store the goods in a suitable manner and must allow the supplier the possibility of immediate inspection.
7. The customer does not have the right to compensate for possible counterclaims from our side.
8. We assume responsibility for possible rights to compensation, in the case of intention an serious negligence only.
9. Wels is agreed to be the place of payment and of the competent court. The laws of Austria shall apply exclusively, with the exclusion oft he Un commercial law.