TERMS AND CONDITIONS OF SALE

The sale of products and services ("Products") by Hifine (China) Co., Ltd. and its divisions, subsidiaries, and affiliates ("Hifine") are subject to these terms and conditions (“Agreement”) regardless of other or additional terms or conditions that conflict with or contradict this Agreement  in any purchase order, document, or other communication ("Order"). Preprinted terms and conditions on any document of customer (“Customer”) (for example: Orders or confirmations) and/or Hifine’s failure to object to conflicting or additional terms will not change or add to the terms of this Agreement.  

1. ORDERS.  Quotes from Hifine are invitations to tender and are subject to change at any time without notice. All Orders are subject to acceptance by Hifine  Contracts between Customer and Hifine are formed upon Hifine’s written acceptance or execution of Customer’s Order and shall be subject to this Agreement. Hifine reserves the right to allocate the sale of Products among its customers. Orders for special, customized, and value-added Products and Products specifically identified by Hifine as non-standard or “NCNR” are non-cancelable, non-reschedulable, non-changeable, and non-returnable.  Customer may not change, cancel or reschedule Orders for standard Products without Hifine’s consent.

2. PRICES.  Prices are subject to change at any time. Prices are for Products only and do not include taxes, shipping charges, freight, duties, and other charges or fees, such as fees for special packaging and labeling of the Products, permits, certificates, customs declarations and registration (collectively, “Additional Fees”).  Customer is responsible for any Additional Fees.

3. TERMS OF PAYMENT.  Payment of the total invoice amount, without offset or deduction, is due 30 days from the invoice date or as otherwise approved in writing by Hifine. On any past due invoice, Hifine may charge (i) interest from the payment due date to the date of payment at 18% per annum), plus reasonable attorney fees and collection costs; or (ii) the maximum amount that is allowed under the applicable law if Hifine’s interest rate is deemed invalid. At any time, Hifine may change the terms of Customer’s credit, require financial data from Customer for verification of Customer’s creditworthiness, require a bank guarantee or other security, or suspend any outstanding Orders of Customer. Hifine may apply payments to any of Customer’s accounts. If Customer defaults on any payment under this Agreement, Hifine may reschedule or cancel any outstanding delivery and declare all outstanding invoices due and payable immediately. Unless otherwise provided by applicable law, any credit issued by Hifine to Customer in respect of any of Customer’s accounts will expire if unused for twelve (12) months following the date of issuance of such credit.

4. DELIVERY AND TITLE. Unless otherwise specified by Hifine in writing, all deliveries by Hifine are EXW Hifine’s warehouse (INCOTERMS 2000). Title and risk of loss pass to Customer upon delivery of the Products to the carrier. Hifine’s delivery dates are estimates only and subject to timely receipt of supplies by Hifine. Hifine is not liable for delays in delivery. Hifine reserves the right to make partial deliveries and Customer will accept delivery and pay for the Products delivered. A delayed delivery of any part of an Order does not entitle Customer to cancel other deliveries.

5. HIFINE'S LIMITED WARRANTY. Hifine will pass through to Customer any transferable Product warranties, indemnities, and remedies provided to Hifine by the manufacturer, including any warranties and indemnities for intellectual property infringement. If required by law, Hifine warrants that at the time of delivery, the Products shall have the specifications stated by the manufacturer in its published data sheet for the Products for 12 months from delivery of Products. Hifine warrants that for a period of 90 days after delivery of the Products to Customer, value-added work performed by Hifine on Products will conform to Customer’s specifications that are in writing and accepted by Hifine, and Customer shall be deemed the manufacturer of such value-added Products. To the extent permitted by law, Hifine makes no other warranty, express or implied, such as warranty of merchantability, fitness for purpose or non-infringement. Customer’s sole remedies for breach of Hifine’s warranty are, at Hifine’s choice: (i) repair the Products; (ii) replace the Products at no cost to Customer; or (iii) refund Customer the purchase price of the Products.

6. PRODUCT RETURN
Customer may return Products to Hifine only with a return material authorization ("RMA") number issued by Hifine. Customer must notify Hifine in writing of any damage to the outer packaging or the Products, shortage, or other discrepancy (“Visual Defect”) within 3 days after receipt of the shipment; otherwise, Customer is deemed to have accepted the Products and may not revoke acceptance.  RMAs will be issued only for Visual Defects created solely by Hifine or the original manufacturer, and only if Customer satisfies the notice requirement. RMAs will not be granted for damage, shortage, or other discrepancy created by Customer, the carrier or freight provider, or any other third party. Product return pursuant to a warranty requires written notice from Customer to Hifine within the warranty period detailing the Product defect. Customer must return the Products to Hifine freight prepaid in original manufacturer's shipping cartons or equivalent, along with acceptable proof of purchase, within the warranty period and as specified in the RMA. At Hifine’s discretion, Hifine will return all Products not eligible for return to Customer, freight collect, or hold Product for Customer’s account at Customer’s expense.

7. LIMITATION OF LIABILITY.  To the extent permitted by law, neither Hifine nor its employees or agents  are liable for and customer is not entitled to any indirect, special, incidental or consequential damages; for example, loss of profits or revenue, loss of data, loss of use, rework, manufacturing expense, injury to reputation, or loss of customers. To the extent permitted by applicable law, Customer’s recovery from Hifine for any direct damages will not exceed the price of the Product at issue. To the extent the preceding limitation of liability is deemed invalid under applicable law, Hifine’s total liability in any event will not exceed USD 50,000 or the equivalent thereof. Customer will indemnify, defend and hold Hifine harmless from any claims based on; (i)  Hifine’s compliance with customer’s designs, specifications, or instructions, (ii) modification of any Product by anyone other than Hifine, or (iii) use of Products in combination with other products or in violation of clause 9 below.

8. FORCES BEYOND HIFINE’S CONTROL.  Hifine is not liable for failure to fulfill its obligations under this Agreement due to causes beyond its reasonable control, (for example: acts of nature, acts or omissions of the Customer, operational disruptions, man-made or natural disasters, epidemic medical crises, materials shortages, strikes, criminal acts, delays in delivery or transportation, or inability to obtain labor or materials through its regular sources).

9. USE OF PRODUCTS.  Customer shall comply with the manufacturer’s or supplier’s Product specifications.  Products are not authorized for use in critical safety or other applications where a failure may reasonably be expected to result in personal injury, loss of life, or serious property damage. If Customer uses or sells the Products for use in any such applications or fails to comply with the manufacturer’s Product specifications, Customer acknowledges that such use, sale, or non-compliance is at Customer’s sole risk.

10. EXPORT/IMPORT. Certain Products sold by Hifine and other related technology and documentation are subject to export control laws, regulations and orders of the United States, the European Union, and/or other countries (“Export Laws”). Customer shall comply with such Export Laws and obtain any license, permit, or authorization required to transfer, sell, export, re-export, or import the Products and related technology and documentation. 

11. PRODUCT INFORMATION. Product information (for example, statements or advice (technical or otherwise) advertisement content, and information related to a Product’s specifications, features, export/import control classifications, uses or conformance with legal or other requirements) is provided by Hifine on an "AS IS" basis and does not form a part of the properties of the Product. Hifine makes no representation as to the accuracy or completeness of the Product information, and DISCLAIMS ALL REPRESENTATIONS, WARRANTIES AND LIABILITIES UNDER ANY THEORY WITH RESPECT TO THE PRODUCT INFORMATION. Hifine recommends Customer validate any Product Information before using or acting on such information.  All Product information is subject to change without notice.  Hifine is not responsible for typographical or other errors or omissions in Product information.

12. GOVERNMENT CONTRACTS. Hifine is a distributor of “Commercial Items” as defined in FAR 2.101. Hifine agrees only to the clauses in the Federal Acquisition Regulation (“FAR”) and Defense Federal Acquisition Regulation (“DFAR”) that are required to be inserted in subcontracts for commercial items as set forth in FAR 52.244-6(c)(1), FAR 52.212-5(e)(1), and DFAR 252.244-7000 if it is a subcontract under a Department of Defense prime contract.  In accordance with FAR 12.211, Customer will receive only those rights in technical data customarily provided to Hifine by the manufacturers.  By no means will this be interpreted as providing to Customer unlimited rights in data, software, or intellectual property rights provided by the manufacturers or any other third party. Hifine specifically rejects the flow down of the requirements of the: (i) Trade Agreements Act, FAR 52.225-5 or DFARS 252.225-7021; (ii) the Buy American Act, FAR 52.225-1 or DFARS 252.225-7001; and (iii) any Preference for Domestic Specialty Metals regulation.

13. ELECTRONIC ORDERS.  In the event that any part of the purchase and sale of Products utilizes electronic data interchange, customer’s internal portal or third party portal, or any other electronic means (“Electronic Purchase Order”), this Agreement will continue to apply to the purchase and sale of Products between Customer and Hifine. 

14. GENERAL.
a. This Agreement shall be governed, construed, and enforced in accordance with the laws of the country where the Hifine entity that accepted Customer’s Order (“Governing Country”) is located. The courts of the Governing Country shall have jurisdiction and venue over all controversies arising out of, or relating to, this Agreement. If the Governing Country is the United States of America, the laws and courts of the State of Arizona will apply without reference to Arizona’s conflict of laws principles.  The United Nations Convention for the International Sale of Goods shall not apply.
b. Customer may not assign this Agreement without the prior written consent of Hifine, and Hifine’s affiliates may perform Hifine’s obligations under this Agreement.  This Agreement is binding on successors and assigns.
c. This Agreement can only be modified in writing signed by authorized representatives of both Hifine and Customer.
d. Hifine and Customer are independent contractors and agree that this Agreement does not establish a joint venture, agency relationship, or partnership.
e. Hifine’s failure to object to any document, communication, or act of Customer will not be deemed a waiver of any of these terms and conditions.
f. The unenforceability of any of these terms or conditions will not affect the remainder of the terms or conditions.
g. Products, including software or other intellectual property, are subject to any applicable rights of third parties, such as patents, copyrights and/or user licenses, and Customer will comply with such rights.
h. Customer and Hifine will comply with applicable laws and regulations.