General Terms & Conditions of Sale

1

Execution of Contract

The seller's offers are non-binding and made without engagement. Declarations of acceptance and all orders must be confirmed by the seller in writing, by post, or email — usually in the form of an order confirmation. The same applies to any supplements or amendments.

Drawings, illustrations, dimensions, weights and other performance data shall be deemed binding only if it has been expressly agreed in writing.

2

Payment

Terms of payment (unless otherwise specified in writing) are to be 100% advance by way of a cheque or NEFT along with the purchase order. Further details of Scientiquipp's terms of payment may be obtained through the Finance Dept.

In the event the purchaser fails to pay the invoice within thirty (30) days from the date of the invoice, purchaser shall pay seller interest on such delinquent payment at one and one-half percent (1.5%) per month, compounded monthly, or the highest rate permitted by law, whichever is less. Payment of interest shall not excuse delay in, or failure of, payment of principal. Any cheques returned for non-sufficient funds and any stopped or reversed payments shall be subject to a fee.

If required by the seller, Purchaser will cause an irrevocable letter of credit to be established in favour of seller on a bank approved by the seller. Seller is entitled to charge costs associated with the letter of credit to Purchaser's account. Performance schedules are conditional upon receipt of the letter of credit within thirty (30) days of award.

Purchaser agrees to furnish Seller with any requested credit information. Purchaser's credit limit will be set at Seller's sole discretion and may be modified at any time based upon Purchaser's credit risk as determined by Seller. In the event that Purchaser's credit risk increases, or Purchaser fails to pay timely, Seller may suspend performance and/or require alternative payment methods.

Purchaser shall notify Seller of any items disputed in good faith relating to an invoice within fifteen (15) days after the invoice date in writing, specifying the nature of the disputed item, but in no event is Purchaser entitled to withhold or set off any invoiced amounts without Seller's prior written approval.

In the event it becomes necessary for Seller to refer Purchaser's account to a third party for collection, or for Seller to take other enforcement action of this Agreement against Purchaser, then: (a) Purchaser agrees to pay any and all attorney and arbitrator fees, lien filing fees, collection costs and legal expenses associated therewith incurred by Seller; and (b) Purchaser agrees that the Limited Warranty Statement, as referenced herein, shall immediately become null and void and will only be reinstated upon payment of the outstanding fees, arrears interest, and a Rs. 3,500.00 reinstatement fee.

3

Pricing

All price quotes made by the seller are EXW Mumbai, MH, in INR, exclusive of packaging, handling and freight charges, in addition to any local, state and federal taxes (if applicable). Unless otherwise noted, the prices applying at date of delivery will be charged. Prices do not include the cost of return or disposal of old or used equipment, or the installation of new equipment.

Pricing is subject to change without notice. Old prices will apply only to quotations submitted before 31st March, for a period of forty-five days. Quotations submitted after 1st April will have to be resubmitted according to the new Price List effective from that date. Please contact Scientiquipp or an authorized distributor to obtain the latest version of pricing.

4

Delivery and Lead Time

Delivery times listed on quotations or order confirmations are non-binding, and merely serve as an estimation of lead time. Scientiquipp will make every reasonable effort to ensure delivery times are met. Estimated ship/delivery dates will be listed on the 'Order Confirmation' sent to the Customer.

Scientiquipp is not responsible for any delays caused by: manufacturing process, transport, customs, materials testing, evaluation, or by a third party (including, but not limited to: suppliers, resellers, service contractors, and freight carriers), including but not limited to acts of God, war, terrorism, strikes, restrictions of the Indian Government or other governments having jurisdiction, or delays in or inability to obtain necessary labour, materials, or manufacturing facilities. Custom or specialty orders may have increased delay for research, manufacturing, testing, or certification.

5

Custom Made Orders

A limited return policy applies to all custom-made goods. This may include 'Special Construction' parts as defined by their part number. The annulment / return of custom-made goods is possible only with the Seller's express written consent.

The seller has no obligation to check the samples, drawings and other documents for the existence of industrial property rights. Responsibility lies solely with the customer.

6

Warranty

Scientiquipp guarantees the workmanship and quality of its product. Details of Scientiquipp's warranty programs are clearly outlined in the 'Scientiquipp Warranty Information' document. The latest copy of Scientiquipp's Warranty Information is available online, or in writing from Scientiquipp Pvt. Ltd.

7

Reservation of Title

The seller reserves the title to the delivered goods until the purchase has been paid in full and all other claims under the business relationship with the customer have been satisfied.

8

Limitation of Liability

Damages, or claims against the seller or against its employees or vicarious agents, insofar as they go beyond the present terms and conditions outlined herein, are barred unless they were caused through malicious intent or gross negligence.

9

Return of Goods

The return of any goods to Scientiquipp must be approved beforehand, either in writing or through the issuing of an RMA number by Scientiquipp. Items returned without a valid RMA number will not be accepted.

The Customer is responsible for the proper packaging and shipment of any returned goods. Only approved packing materials and methods may be used — please contact Scientiquipp for details. Scientiquipp is not responsible for any damage to product or packaging that may occur during transport.

The Customer may be liable for the cost of returning goods to Scientiquipp. This may include any freight, handling, packaging and insurance costs. The Customer is also responsible for the cleaning and/or decontamination of any unit being returned, and is required to complete and return a 'Certificate of Decontamination', which can be obtained from Scientiquipp's website.

10

Acceptance of Returns and Obligation to Dispose of Goods

The customer accepts the obligation to treat and dispose of the delivered goods in a proper manner as prescribed by law after termination of use. Furthermore, the customer shall expressly release the seller from the obligation to take back goods.

11

Confidentiality Agreement

In instances where Scientiquipp and the customer wish to discuss, and potentially enter, a seller / customer relationship where information of a confidential or protected nature will be shared, both parties reserve the right to create a confidentiality agreement. Such agreements will be created on a per-case basis and a Non-Disclosure Agreement shall be signed.

12

Applicable Law, Place of Jurisdiction, and Severability

The present terms and conditions of business, and all legal relationships between the Seller and the Buyer, shall be governed by the laws of India. Each Party irrevocably and unconditionally submits to the exclusive jurisdiction of the courts in Mumbai.