Business General

All sales by ECHO Microwave (the "Seller") are expressly limited to the Conditions of Sale (the "Conditions") contained herein and any additional or different terms or conditions contained in Buyer's "standard" conditions, purchase order and/or response hereto shall be deemed objected to by the Seller without need of further notice of objection and shall be of no effect nor in any circumstances binding upon the Seller. Buyer will be deemed to have assented to all conditions contained herein. These Conditions constitute the entire and only agreement between the parties hereto; and any representation, affirmation of fact, and course of prior dealings, promise or condition in connection therewith or usage of the trade not expressly incorporated herein shall not be binding on either party. No waiver, alteration, or modification of any of the provisions hereof shall be binding unless in writing and signed by a specifically authorized representative of Seller. This sale shall be construed to be between merchants.

1.1 Price and terms of sale for products are established by Seller on a per order basis, and shall be based upon Seller's prices in effect on the shipment date, except as otherwise agreed by the parties in writing. All prices are subject to change without notice

1.2 Unless otherwise agreed in writing, price is FOB in Republic of Korea. Price does not include insurance, taxes, duties and charges which Seller may be required to pay or collect, or the costs of special packing or any compliance testing including, but not limited to, special environmental, vibration, life cycle, and extreme temperature tests. Price does not include inspection charges relating to inspection by outside individuals, or agents performed at the request of the Buyer. The Buyer may be invoiced for all such expenses and charges. Such invoices are due and payable thirty (30) days from issuance.

2.1 Each purchase order shall reflect the current price for the products, determined in accordance with these Conditions. In the event of any inconsistency between the terms of a purchase order and the Conditions as provided herein, these Conditions will control. Each purchase order shall specify in reasonable detail the quantity required, scheduled delivery date and shipping instructions. If shipping instructions are not specified, Seller will determine the best method of shipment.

2.2 Purchase orders received by wire or telephone will be accepted and initially processed pending receipt of a confirming purchase order in writing. The confirming purchase order must be received within thirty (30) days of Seller's acceptance of the initial purchase order, and prior to shipment of the products.

3.1 All payment shall be made in Republic of Korea dollar or United States dollars or Euro dollars if mutual agreement is not established.

3.2 If international trade, related Letter of Credit of wire transfer should be established before thirty(30) days ahead shipping date.

4.1 Seller shall notify the Buyer of the shipment date. The shipment date given by Seller in advance of actual shipment is only an estimate. The failure of Seller to ship or any delay in shipping products shall not be a material breach of these Conditions, or otherwise subject Seller to liability for such failure or delay caused by an act of God, fire, flood, sabotage, war, terrorism, labor difficulties, accidents, riot, insurrection, act of any governmental authority, priorities granted at the request or for the benefit directly or indirectly of any government or agency thereof, or any other cause reasonably beyond the control of Seller.

4.2 The Buyer will deal directly with the carrier regarding any damage to products resulting from shipment.

4.3 Seller shall be under no obligation to make any shipment when the Buyer is in default hereunder or under any other sale agreement between Seller and the Buyer.

5.1 Written authorization must be obtained from Seller before any products are returned. Returned products will not be accepted unless returned shipments bear Seller's return authorization number and the specific RMA number which has been approved/accepted by Seller's customer service group. Absent a breach of its limited warranty by Seller (see below), the Buyer is only entitled to an issuance of credit to its account with Seller for any returned products. Refunds will not be made for returned products.

5.2 Products returned for reasons other than a breach of Seller's limited warranty must not be used, damaged or out-of-date. If any such products are received, the price of such products shall not be included in the resultant credit. Goods must be securely and carefully packaged so as to reach Seller in good condition.

5.3 All such authorized returns will be subject to restocking charges.

The Buyer may reschedule shipment dates for any products ordered, provided that the Buyer notifies Seller of such change, in writing, at least thirty (30) days prior to the originally scheduled shipment date. Any such rescheduled shipment date later than ninety (90) days after the originally scheduled shipment date may be deemed by Seller to be a cancellation by Buyer, and be subject to applicable Cancellation Charges identified below.

7.1 The Buyer may cancel an order, subject to the terms provided herein, no less than thirty (30) days prior to the scheduled shipment date for standard catalog items. All cancellations are subject to a Cancellation Charge to be determined by Seller, and which will be based on completed goods, restocking of standard parts and/or materials purchased for the express purpose of fulfilling the Buyer's order. All products, parts or materials ordered or held by Seller at the Buyer's request shall be at the risk and expense of the Buyer upon cancellation. Seller will invoice the Buyer for such Cancellation Charge, which is due and payable thirty (30) days from issuance.

7.2 All nonstandard customer-specific items are non-cancelable and non-returnable.

8.1 Seller warrants products of its manufacture to be free from defects in material and workmanship under conditions of normal use for one (1) year after delivery. Seller specifically disclaims all other warranties expressed or implied, including, but not limited to implied warranties of merchantability and fitness for a particular purpose or non-infringement of any third party patents, copyrights, trade secrets or other intellectual property rights. The Buyer agrees to use its own independent judgment in making, using, selling or distributing Buyer's products, and agrees to assume the entire risk arising out of the use or performance of Seller's products, and any products the Buyer designs using Seller's products.

8.2 Seller, at its option and expense, will replace or repair any defective or faulty product which results directly from defects in material or workmanship provided that Seller first be given written notice of such defects and shall have authorized the return as provided herein. The existence of a defect or fault shall be determined by Seller at its sole discretion. Such determination shall be conclusive and not subject to reconsideration.

8.3 The sole obligation of Seller under this warranty shall be limited to the issuance of credit for or replacement of any products, which are proved to be other than as warranted. Seller shall have the sole discretion as to which of these remedies shall apply.

8.4 Any claim for breach of this warranty shall conclusively be deemed to be waived by the Buyer unless written notice of the claimed defect is submitted to Seller within thirty (30) days after the date on which the defect is discovered.

8.5 This warranty shall be voided if the original Buyer transfers ownership of warranted products, unless Seller is notified in writing of the name and address of the transferee within fifteen (15) days after the date on which the transfer was made. This restriction on ownership transfer is not applicable if the original Buyer is an authorized distributor of Seller.

8.6 This warranty shall not apply to any product which has been subjected to any misuse, neglect, accidental damage or that contains defects, which are in any way attributed to improper storage, installation or to alterations or repairs made by any party not authorized by Seller. This warranty does not apply to products, which have been disassembled, modified, physically or electrically damaged, or subjected to conditions exceeding the applicable specifications or rating.

8.7 All freight and shipping charges incurred to repair or replace-warranted products are the sole responsibility of the buyer.

The Buyer agrees that it will not disclose or make available to any third party any confidential or proprietary information marked as such belonging to Seller, including, but not limited to, drawings, data, or other information pertaining to purchase orders without obtaining Seller's prior written authorization for such disclosure. The Buyer shall cause its employees, agents and others having access to such information to be aware of, and to abide by, the terms of this paragraph.

The Conditions shall be governed by and construed in accordance with the laws of the R. of Korea, without regard to its conflicts of laws provisions. The venue for any litigation involving the interpretation or application of these Conditions shall be in R. of Korea Court.

Products, services and/or technical data provided or disclosed in connection with any sale may be subject to required and continuing R. of Korea government approvals, clearances, regulations and import/export and re-export requirements, including, without limitation, Government regulation applicable to the export/import, re-export or disclosure of such controlled technical data (or the products thereof) to foreign nationals. Buyer acknowledges and agrees to comply with all such Korean regulations regarding export/import, re-export or disclosure and has and will maintain any and all such registrations, licenses, agreements, approvals and/or certifications as may be required in connection with this sale. Buyer shall not reverse engineer, decompile, disassemble, create derivative works from, or emulate the functionality of the Seller's confidential and/or proprietary information.