GENERAL CONDITIONS OF SALE, SHIPPING AND PAYMENT

Unless otherwise agreed in writing these General Conditions of Sale,   Shipping and Payment shall apply to all sales and deliveries from Meneta ApS   and Meneta Advanced Shims Technology A/S to each and every customer who   places an order with Meneta ApS and Meneta Advanced Shims Technology A/S.

Prices:

All prices are ex works, Odense, excluding export packing. Our goods   are sold at prices and conditions in force on time of delivery. Our prices   are given for indication without any guarantee as to duration.

Payments:

The terms of payment are net cash unless otherwise agreed.

All goods supplied by us remain our property until the buyer has made   full payment.

After the date of maturity interest is charged.

Dispatch:

All orders are accepted on the condition that in case of   extraordinary circumstances – e.g. war, upheavals, fluctuations in the rates   of exchange of raw materials etc. we are entitled to cancel the order partly   or wholly, and / or to increase the price in conformity with the extra costs   imposed upon ourselves. The time of delivery is conditional on no delays   caused by strikes, lockouts or other Force Majeure.

Delays in the delivery of any kind shall not entitle the buyer to any   claim for direct or indirect losses or compensation whatsoever or to the   withdrawal from purchase of the goods ordered.

Shipment:

If the buyer gives no definite instructions, we decide on the means   of dispatch or transportation without any responsibility as to whether this   should be the cheapest or quickest way.

Exclusion of   Liability:

Goods returned and accepted by us as defective due to faulty   workmanship or material will be replaced or credited, but such goods shall   not form the subject of a claim for loss of time, inconvenience, commercial   loss, consequential damage or other liability.

Buyer’s Conditions:

Any special conditions on buyer’s order forms will not be accepted   insofar as they are at variance with our terms unless our attention is drawn   to such special conditions and we have formally accepted them in writing.

Jurisdiction:

This Agreement shall be governed by and construed and interpreted in   accordance with the laws of the Kingdom of Denmark, disregarding the Danish   choice of law rules and without regard to the United Nations Convention of   Contracts for the International Sale of Goods (CISG).

Venue:

Any dispute arising out of or in connection with this Agreement,   including any disputes regarding the existence, validity or termination   thereof, shall be settled by arbitration arranged by the Danish Institute of   Arbitration in accordance with the rules of arbitration procedure adopted by   the Danish Institute of Arbitration and in force at the time when such   proceedings are commenced.

The arbitral tribunal shall consist of three (3) arbitrators. Each   Party shall appoint one arbitrator and the Institute shall appoint a third   arbitrator who shall be the chairman of the arbitration tribunal. If a Party   fails to appoint an arbitrator within 30 days of having filed or received a   request for arbitration, the Institute shall appoint such arbitrator.

The place of arbitration shall be Copenhagen, Denmark.

The language of the arbitration shall be English.