GENERAL SALES CONDITIONS

Unless otherwise stipulated in writing, these present conditions constitute the entire agreements and conventions between our firm and the purchaser, notwithstanding any dispositions to the contrary and any possible conditions placed by the purchaser.

• 1. All our offers or proposals are without commitment, depending on sales reserves or sufficient stock on hand. As our prices are computed on the basis of customs duty, taxation, exchange rates, carrier costs and raw material in force at the time of the order, any increase in any of these will automatically entail, with no need of warning or formal notice, a proportional increase in the initial prices. Unless otherwise stipulated, all charges and taxes are to be paid by the purchaser.

• 2. Our agents, brokers and other middlemen have no power to commit us in any case whatsoever.

• 3. If the purchaser unilaterally calls off his order we reserve the right to demand its execution or an indemnity equal to 20% of the price of the goods ordered.

• 4. Goods are always sent at the addressee’s risk, even if the dispatching is delivery free. We, therefore, decline any liability whatsoever for damages, shortages or delays in shipping, regardless of the means of transport used. In the event of any damages or missing items it is up to the addressee to take the necessary measures to safeguard any recourse against the carrier. In case of any goods recognized as defective our responsibility is limited to their replacement or their reimbursement, depending on our choice, to the exclusion of any damages and interest. No recourse will be approved without our prior agreement.

• 5. All complaints must be introduced within 48 hours of reception of the goods. Damages resulting from poor stocking conditions or improper handling of our products (whether they be used alone or with others) are excluded from the warranty. In no case whatsoever will a complaint do away with the obligation to pay.

• 6. We are unable, in any case whatsoever, to be held liable for trademarks given to goods produced with the help of our products.

• 7. Our invoices are payable in cash in Liege, without discount, unless otherwise stated on the invoice. In case of non-payment, even partial, of the invoice, or of a draught accepted at its deadline, the whole of the credit left unpaid becomes immediately demandable and we reserve moreover the right to cancel any order under way. Whenever an invoice is not paid when due, and without the need of a formal notice, our invoices carry an interest of 2 % higher than the legal interest in force at that date. Besides, the balance left unpaid will automatically, without any formality or formal notice, be increased by 15 % by way of conventional lump indemnity with a minimum of 90 €.

 • 8. Goods remain the property of the seller until whole payment of the price, possibly increased by interests or costs.

• 9. Delivery delays are only given as a means of information and their observation leaves no recourse to the purchaser.

• 10. No waiver to the present general sales conditions and no modification to our offers will be valid unless they are clearly accepted by us.

• 11. For any dispute arising from the interpretation and/or the execution of the present sales conditions the courts of Liege alone will have jurisdiction and Belgian law will apply.