BINDING TERMS AND CONDITIONS OF SALE

The following are the terms and conditions (“Terms and Conditions”) for the sale of products (“Products”) by PaC Components Pte Ltd (“PaC”) to PaC’s customers (“Customers”).

1. ACCEPTANCE AND CANCELLATION OF ORDERS

All orders are subject to acceptance in writing by PaC or a duly authorized agent of PaC. Any written acknowledgement of receipt of an order shall not, in and of itself, constitute such acceptance. Orders accepted by PaC may be cancelled by Customer upon written consent of PaC provided such order is not “NC/NR” or “Non-Cancellable/Non-Returnable”, “Non-Standard Products” or governed by a Purchase Agreement Letter. Non-Standard Products are defined as Products that are special orders, custom orders, orders for non-standard products, products not customarily in stock or orders for value-added products. Non-standard products are non-cancellable and non-refundable. In the event of cancellation or other withdrawal of an order for any reason, and without limiting any other remedy which PaC may have as a result of such cancellation or other withdrawal, reasonable cancellation or restocking charges shall include all expenses incurred and commitments made by PaC, and shall be paid by Customer to PaC. Customer requests to reschedule are subject to acceptance by PaC in its sole discretion. Orders may not be cancelled or rescheduled after the order has been confirmed by PaC. PaC reserves the right to allocate sales and limit quantities of selected Products among its customers in its sole discretion. Product specifications and availability are subject to change without prior notice. All products with available in stock quantities listed are only for reference and are subject to change prior to sales and availability without any prior notice and will not form any part of the Contract. Time shall never be the essence of the contract in the matter of dispatch and delivery. Performance of the contract by the Seller is subjected to the availability of goods and materials at the time of the order.

1a. Returns

Returns are normally accepted when completed within 14 days of the ship date. If PaC agrees to accept a return, return freight/transportation charges must be prepaid by customer. PaC will not accept COD shipments. Some products may require return directly to the manufacturer. All items must be in the original packaging and in resalable condition. Contact a sales representative for a Return Materials Authorization Number and addressing instructions prior to returning product. Any ESD sensitive product returned that has not been handled properly will not be eligible for credit. The foregoing statements concerning Returns do not apply to NON-CANCELABLE/NON-RETURNABLE PRODUCTS. (See the NON-CANCELABLE/NON-RETURNABLE PRODUCTS section in these terms.)

1b. Counterfeit Product Prevention Clause

Only products originally shipped from PaC or from a supplier at PaC’s direction (drop-ship) will be returned to PaC. All others will be promptly quarantined and disposed of or returned to the customer. By a Customer returning products to PaC, the Customer certifies that the products were purchased from PaC and there has been no substitution in whole or part of same product from another supplier, distributor or other such source of the product. The return should be in the original packaging (manufacturer or PaC), in unused condition (except defective). ESD sensitive products should not be opened except under controlled conditions.

2. PRICES

Orders are billed at the prices in effect at the time of shipment. Prices will be as specified by PaC and will be applicable for the period specified in PaC ‘s quote. If no period is specified, quoted prices will be applicable for thirty (30) days. The catalogue reflects the latest pricing information available at the time of printing. Prices shown in the catalogue are subject to change without notice. Prices are subject to increase in the event of an increase in PaC ‘s costs or other circumstances beyond PaC ‘s reasonable control. If Customer does not purchase the quantity upon which quantity prices are based, Customer will pay the non-discounted price for the quantity actually purchased and/or a cancellation or restocking fee. Prices are exclusive of taxes, impositions and other charges, including sales, use, excise, value-added and similar taxes or charges imposed by any government authority, international shipping charges, forwarding agent’s and broker’s fees, bank fees, consular fees, and document fees.

3. TERMS OF PAYMENT

All payments must be made in the currency billed on the original invoice.

Pay Pal payment are accepted. Pay Pal billing information must be verified on new customers prior to shipment of order. Payment via net thirty (30) days is available to businesses, schools, and agencies with three references or as otherwise specified by PaC, subject to PaC approval.

Prepaid Wire Transfer/EFT/Proforma: Customers can wire the funds to our bank. After your order is placed we will e-mail a Proforma invoice which includes our bank information, the merchandise total and shipping charges. We will reserve stock for your order for 72 hours on orders awaiting funds. Orders will be cancelled after 7 business days if funds have not been received. Customer is responsible for duties and taxes.

3.1 TERMS OF PAYMENT

For All Orders

Customer agrees to pay the entire net amount of each invoice from PaC pursuant to the terms of each such invoice, without offset or deduction. Orders are subject to credit approval by PaC, which may in its sole discretion at any time change the terms of Customer’s credit, require payment in cash, bank wire transfer/EFT or by official bank check, and/or require payment of any or all amounts due or to become due for Customer’s order before shipment of any or all of the Products. If PaC reasonably believes that the Customer’s ability to make payments may be impaired or if Customer fails to pay any invoice when due, PaC may suspend delivery of any order or any remaining balance thereof, until such payment is made or cancel any order or any remaining balance thereof. Customer will remain liable to pay for any Products already shipped and all Non-Standard Products ordered by Customer. Customer agrees to submit such financial information as PaC may reasonably require for determination of credit terms and/or continuation of credit terms. Checks are accepted subject to collection and the date of collection will be deemed the date of payment. Any check received from Customer may be applied by PaC against any obligation owing by Customer to PaC under this or any other contract, regardless of any statement appearing on or referring to such check, without discharging Customer’s liability for any additional amounts owing by Customer to PaC. The acceptance by PaC of such check will not constitute a waiver of PaC’s right to pursue the collection of any remaining balance. Invoices not paid when due will bear interest to date of payment at the annual rate of eighteen (18%) percent or such lower rate as may be the maximum permitted by law. If Customer fails to make payment when due, PaC may pursue any legal or equitable remedies, in which event PaC will be entitled to reimbursement of costs for collection and reasonable attorneys’ fees. There is a $50 (SGD) service charge on all returned checks.

4. SALES TAX

INTERNATIONAL Shipments

All applicable VAT, PST, HST, and/or GST charges along with brokerage fees will be the responsibility of the Customer and due at the time of delivery.

5. DELIVERY AND TITLE

All shipments by PaC are based on local delivery terms in Singapore, subject to minimum purchase amount as stated. Further subject to PaC’s right of stoppage in transit, delivery of the Products will constitute delivery to Customer and title and risk of loss will pass to Customer. PaC will make reasonable efforts to initiate shipment and schedule delivery as close as possible to Customer’s requested delivery date(s). Customer acknowledges that delivery dates provided by PaC are estimates only and that PaC will not be liable for failure to deliver on such dates. Selection of the carrier and delivery route will be made by PaC unless specifically designated by Customer. PaC reserves the right to make deliveries in instalments. Delay in delivery of one instalment will not entitle Customer to cancel any other instalment(s). Delivery of any instalment of Products within thirty (30) days after the date requested will constitute a timely delivery. Delivery of a quantity that varies from the quantity specified shall not relieve Customer of the obligation to accept delivery and pay for the Products delivered. Delivery is for Ex-works, Local Singapore delivery only. PaC will not bear any shipment/documentation charges, if any. PaC reserve the rights to amend these terms and conditions as necessary without prior notice.

6. PaC’S LIMITED WARRANTY

PaC agrees to transfer to Customer whatever transferable warranties PaC receives from the manufacturer of Products sold to Customer. PaC makes no other warranty, express or implied, with respect to the Products. IN PARTICULAR, PaC MAKES NO WARRANTY RESPECTING THE MERCHANTABILITY OF THE PRODUCTS OR THEIR SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR USE OR RESPECTING INFRINGEMENT. PaC’s liability arising out of any sale of products to Customer is expressly limited to either (1) Refund of the purchase price paid by Customer for such Products (without interest), or (2) Repair and/or replacement of such Products, at PaC’s election, with such remedies exclusive and in lieu of all others. Customer must notify PaC within 30 days from date of shipment of any defective product. This warranty is in lieu of any and all other warranties, whether oral, written, expressed, implied or statutory. Implied warranties of fitness for a particular purpose and merchantability are specifically excluded and shall not apply. Customer’s obligations and PaC ‘s remedies with respect to defective or nonconforming products, are solely and exclusively as stated herein. Furthermore, no warranty will apply if the Product has been subject to misuse, static discharge, neglect, accident, modification, or has been soldered or altered in any way.

7. PaC CORPORATE RoHS COMPLIANCE AND LEAD-FREE POLICY

It is the policy of PaC to identify and offer products to the Customer as RoHS Compliant or Lead Free, only after specific requirements have been met. PaC performs no testing of product and relies solely on the manufacturer of the product for identification of RoHS Compliance and for absence of lead. Furthermore, PaC makes no warranty, certification or declaration of compliance concerning said Products. Product is advertised or offered as RoHS Complaint or Lead-Free only after sufficient evidence is received from the component manufacturer; and any inventory, either in a bin or on order, has been determined to be RoHS compliant and/or Lead Free. Any relevant evidence will be filed and maintained for at least 2 years from the date of receipt. PaC defines the term “RoHS” as supplier declared compliance to all restricted hazardous substance regulations under the ELV, WEEE or RoHS EU directives, regulations or laws. PaC defines the term “Lead Free” as pertaining to any product that has been declared by a Supplier to be “Lead Free”. All statements by PaC of RoHS compliance are based on producer documentation.

7a. PaC CORPORATE WEEE POLICY

PaC is not registered as a “producer” in the European Union, and does not provide a WEEE recycling program within the EU. A very small number of products that PaC sells are subject to the European Union Directive 2002/96/EC known as WEEE. Therefore, it is the policy of PaC to not export or place on the market, EEE classified products (as defined by EU Directive 2002/96/EC) to Customers within the European Union member countries.

7b. PRODUCT COUNTRY OF ORIGIN

PaC maintains Country of Origin information on all products in its inventory. This information is provided to customers on request. This information is based on manufacturer-provided information. Our manufacturers do not provide PaC with the country of origin of each raw material or subcomponent that is incorporated into the Manufacturer’s final product.

8. LIMITATION OF LIABILITIES

PRODUCT IMAGES ARE FOR REFERENCE ONLY.

IN NO EVENT SHALL PaC BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY NATURE including, but not limited to, damages resulting from loss of profit or revenue, recall costs, claims for service interruptions or failure to supply downtime, testing, installation or removal costs, costs of substitute products, property damage, personal injury, death or legal expenses. Customer’s recovery from PaC for any claim shall not exceed the purchase price paid by Customer for the goods, irrespective of the nature of the claim, whether in warrant, contract or otherwise. CUSTOMER SHALL INDEMNIFY, DEFEND AND HOLD PaC HARMLESS FROM ANY CLAIMS BROUGHT BY ANY PARTY REGARDING PRODUCTS SUPPLIED BY PaC AND INCORPORATED INTO THE CUSTOMER’S PRODUCT.

9. PRODUCT SAFETY NOTICE AND RESTRICTIONS

Products are intended for commercial use only. Products are traceable to the OEM manufacturer and Lot/Date Code where available and when requested at the time of customer order. PaC does not determine the specifications or conduct any performance or safety testing of any products that it sells. Specification sheets provided to Customers are produced by the manufacturer or transcribed from information provided by the manufacturer. PaC is not a Qualified Manufacturers List (QML) supplier or a supplier of Qualified Product Listing (QPL) components. Customer agrees that all purchases are for commercial or other applications that do not require QPL components. Any reference to military specifications in our catalogue or on our website is for reference only and does not modify these terms and conditions. PaC does not participate in any product safety engineering, product safety review or product safety testing. PaC cannot provide any safety testing, safety evaluation or safety engineering services. Products sold by PaC are not designed, intended or authorized for use in life support, life sustaining, human implantable, nuclear facilities, flight control systems, or other applications in which the failure of such Products could result in personal injury, loss of life or catastrophic property damage. This includes, but is not limited to, Class III medical devices as defined by the US Food and Drug Administration (FDA) and Federal Aviation Administration (FAA) or other airworthiness applications. If Customer uses or sells the Products for use in any such applications: (1) Customer acknowledges that such use or sale is at Customer’s sole risk; (2) Customer agrees that PaC and the manufacturer of the Products are not liable, in whole or in part, for any claim or damage arising from such use; and (3) CUSTOMER AGREES TO INDEMNIFY, DEFEND AND HOLD PaC AND THE MANUFACTURER OF THE PRODUCTS HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LOSSES, COSTS, EXPENSES AND LIABILITIES ARISING OUT OF OR IN CONNECTION WITH SUCH USE OR SALE.

10. STATEMENTS AND ADVICE

If statements or advice, technical or otherwise, are offered or given to Customer, such statements or advice will be deemed to be given as an accommodation to Customer and without charge. PaC shall have no responsibility or liability for the content or use of such statements or advice. PaC Technical support is provided by telephone and, therefore, extremely limited in scope which prevents us from the direct participation in the design of any customer products. We do not conduct product suitability studies or engineering reviews of products that we sell, nor for the final product that a Customer produces.

11. NON-CANCELABLE/NON-RETURNABLE PRODUCTS

From time to time, Seller will notify Buyer of a product that is “NC/NR”, (Non-Cancellable/Non-Returnable) upon determining that an order requires such conditions of sale. Buyer understands that “NC/NR” products are obtained by PaC from the manufacturer specifically for the buyer. Irrespective of circumstances, the buyer agrees that “NC/NR” products may not be cancelled, returned or rescheduled by the buyer without the agreement of both PaC ‘s supplier and the written consent of PaC. Any Mil-Spec product purchased from PaC is Non-Cancellable/Non-Returnable. Products labelled as moisture sensitive are NC/NR if the packaging has been opened. All products purchased by Customers classified by PaC as Electronic Component Distributors or Brokers shall be deemed Non-Cancellable/Non-Returnable.

12. INTELLECTUAL PROPERTY

If an order includes software or other intellectual property, such software or other intellectual property is provided by PaC to Customer subject to the copyright and user license, the terms and conditions of which are set forth in the license agreement accompanying such software or other intellectual property. Nothing herein shall be construed to grant any rights or license to use any software or other intellectual property in any manner or for any purpose not expressly permitted by such license agreement. Unopened software may be returned for credit. Opened software may not be returned unless defective.

13. FORCE MAJEURE

PaC will not be liable for delays in delivery or for failure to perform its obligations due to causes beyond its reasonable control including, but not limited to, product allocations, material shortages, labour disputes, transportation delays, unforeseen circumstances, acts of God, acts or omissions of other parties, acts or omissions of civil or military authorities, Government priorities, fires, strikes, floods, severe weather conditions, computer interruptions, terrorism, epidemics, quarantine restrictions, riots or war. PaC ‘s time for delivery or performance will be extended by the period of such delay or PaC may, at its option, cancel any order or remaining part thereof, without liability by giving notice to Customer.

14. EXPORT CONTROL

PaC is committed to compliance with all Singapore Export Regulations and Laws. PaC will not seek export licenses pursuant to Export Administration Regulations. Furthermore, PaC prohibits the re-export, brokering or transhipment of its products to any individual, organization or country prohibited by the OFAC or BIS. The sale, resale or other disposition of Products, and any related technology or documentation, are subject to the export control laws, regulations and orders of the United States and may be subject to the export and/or import control laws and regulations of other countries. Customer agrees to comply with all such laws, regulations and orders. Customer further acknowledges that it shall not directly or indirectly export any Products to any country to which such export or transmission is restricted or prohibited. Customer acknowledges its responsibility to obtain any license to export, re-export or import as may be required.

14.1 Export Classification Disclaimer

Any use made of PaC classifications, whether it be ECCNs or any variation of Harmonized Tariff codes, is without recourse to PaC and at the user’s risk. Export classifications are subject to change. If you export or re-export, your company, as the exporter of record, is responsible for determining the correct classification of any item at the time of export. Any export classification by PaC is for PaC’s internal use only and shall not be construed as a representation or warranty regarding the proper export classification nor relied upon to make licensing determinations.

15. GENERAL

The Terms and Conditions may not be modified or cancelled without PaC ‘s written agreement. Accordingly, goods furnished and services rendered by PaC are sold only on the terms and conditions stated herein. The sale of Products hereunder will be governed by the Terms and Conditions, notwithstanding contrary or additional terms and conditions in any order purchase order, planning schedule, acknowledgment, confirmation or any other form or document issued by either party affecting the purchase and/or sale of Products. Notwithstanding any terms and conditions on Customer’s order, the information and conditions on the Credit Application are controlling over Customer and PaC. Any conflicting statements or terms listed on the Customer purchase orders, invoices, confirmations or other Customer generated documents (“Customer Documents”), whether heretofore or hereafter submitted, are negated by submission of the Credit Application and the issuance of credit by PaC, and all different or additional terms and conditions contained in any Customer Documents are hereby objected to by PaC. PaC’s performance of any contract is expressly made conditional on Customer’s agreement to PaC’s Terms and Conditions of Sale, unless otherwise specifically agreed upon in writing by PaC. In the absence of such agreement, commencement of performance and/or delivery shall be for Customer’s convenience only and shall not be deemed or construed to be acceptance of Customer’s terms and conditions or any of them. If a contract is not earlier formed by mutual agreement in writing, acceptance by Customer of any goods or services shall be deemed acceptance by Customer of the terms and conditions stated herein. No rights, duties, agreements or obligations hereunder, may be assigned or transferred by operation of law, merger or otherwise, without the prior written consent of PaC. The obligations, rights, terms and conditions hereof will be binding on the parties hereto and their respective successors and assigns. The waiver or breach of any term, condition or covenant hereof, or default under any provision hereof, will not be deemed to constitute a waiver of any other term, condition, or covenant contained herein, or of any subsequent breach or default of any kind or nature. Any provision hereof which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction, or affecting the validity or enforceability of such provision in any other jurisdiction. The Terms and Conditions will be governed by and construed in accordance with the laws of Singapore.