SELLING TERMS AND CONDITIONS

• The supply contract (Order Confirmation) will be considered effective and accepted in all its sections if the Purchaser will not claim it within 2 days from issuing date. The contract will be considered accepted as soon as a partial delivery has been done. If within 2 days the contract is not returned signed to the Vendor it is considered accepted in all its sections.

• The Vendor reserves the right to deliver quantities within a weight tolerance of 10-15% for orders below 50 kg per colour and within 5% for orders above 50 kg per colour.

• The goods supplied will remain propriety of the Vendor until complete payment has been received. The Vendor authorize further processing of the goods.

• The delivery indicated on Order Confirmation is to be considered as Ex Mill date delivery from Vendor warehouse.

• Any evidence of shipment damage or shortages of goods must be notified at the moment of delivery and noted on the bill of lading to be returned to the Vendor, otherwise claims will not be accepted. Any shortages or damages which have not been duly notified and noted, are not opposable to the Vendor.

• The Purchaser is not authorize to suspend or delay agreed payments terms, even in case in case of claims, disputes or legal actions related to the Selling Contract (represented by the Order Confirmation).

• Any delay or irregularity regarding payments, even partial or belonging to other businesses, empower Vendor to interrupt and resolve all the pending contracts.

• The Purchaser is obliged to check the products provided relating to the intended final use and notify any found problem/defect to the Vendor. After the first checking, any hidden defect that could appear during processing and that make difficult the use of the product, has to be notify within 48hours from evidence. In any case Vendor will not take responsibility for a value above the supplied goods.

• The Purchaser and the Vendor agree that taxes and charges generated by the present agreement are completely delegated to the Purchaser.

• Any increase in current custom fees, duties, manpower and any other foreign or domestic taxation regarding goods shall be paid by the Purchaser.

• Both parties agree that any matter arising from interpretation and/or execution of the agreement, as well as any dispute regarding relationships governed by the same, shall be submitted to the exclusive jurisdiction of the Court of Prato, and the applicable law shall be the Italian law.