BINDING TERMS AND CONDITIONS OF SALE

The following are the terms and conditions (“Terms and Conditions”) for the sale of products (“Products”) by Fav-tech Company. (“Fav-tech “) to Fav-tech ‘s customers (“Customers”).

1. ACCEPTANCE AND CANCELLATION OF ORDERS
All orders are subject to acceptance in writing by Fav-tech or a duly authorized agent of Fav-tech. Any written acknowledgement of receipt of an order shall not, in and of itself, constitute such acceptance. Orders accepted by Fav-tech may be cancelled by Customer upon written consent of Fav-tech provided such order is not “NC/NR” or “Non-Cancelable/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-cancelable and non-refundable. In the event of cancellation or other withdrawal of an order for any reason, and without limiting any other remedy which Fav-tech 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 Fav-tech and shall be paid by Customer to Fav-tech. Customer requests to reschedule are subject to acceptance by Fav-tech in its sole discretion. Orders may not be canceled or rescheduled after the order has been submitted by Fav-tech to the shipment carrier.Fav-tech 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.

1a. Returns
Returns are normally accepted when completed within 30 days of the ship date. If Fav-tech agrees to accept a return, return freight charges must be prepaid by customer.

Fav-tech 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 Fav-tech or from a supplier at Fav-tech ‘s direction (drop-ship) will be returned to Fav-tech. All others will be promptly quarantined and disposed of or returned to the customer. By a Customer returning products to Fav-tech, the Customer certifies that the products were purchased from Fav-tech 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 Fav-tech), 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 Fav-tech and will be applicable for the period specified in Fav-tech ‘s quote. If no period is specified, quoted prices will be applicable for thirty (30) days. The catalog reflects the latest pricing information available at the time of printing. Prices shown in the catalog are subject to change without notice. Prices are subject to increase in the event of an increase in Fav-tech ‘s costs or other circumstances beyond Fav-tech ‘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. Credit cards accepted include major credit cards, purchase cards, and major bank debit cards including MasterCard, VISA, Diners Club, Discover, and American Express. Credit Card 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 Fav-tech. 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 canceled after 20 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 Fav-tech pursuant to the terms of each such invoice, without offset or deduction. Orders are subject to credit approval by Fav-tech, 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 Fav-tech reasonably believes that the Customer’s ability to make payments may be impaired or if Customer fails to pay any invoice when due, Fav-tech 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 Fav-tech 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 Fav-tech against any obligation owing by Customer to Fav-tech 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 Fav-tech. The acceptance by Fav-tech of such check will not constitute a waiver of Fav-tech ‘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, Fav-tech may pursue any legal or equitable remedies, in which event Fav-tech will be entitled to reimbursement of costs for collection and reasonable attorneys’ fees. There is a $25 (USD) service charge on all returned checks.

4. SALES TAX
US Shipments
When required by law Fav-tech will collect Federal, State and/or Local sale, use, excise, and other taxes that apply to a Customer’s shipment. These taxes are in addition to the purchase price of the Products subject to an order. Customer will remit the correct tax unless customer is tax exempt and Fav-tech has a valid signed tax exemption certificate on file.

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 Fav-tech are F.O.B. point of shipment from Fav-tech ‘s facility and the amount of all transportation charges will be paid to Fav-tech by the Customer in addition to the purchase price of the Products. Subject to Fav-tech ‘s right of stoppage in transit, delivery of the Products to the carrier will constitute delivery to Customer and title and risk of loss will pass to Customer. Fav-tech 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 Fav-tech are estimates only and that Fav-tech will not be liable for failure to deliver on such dates. Selection of the carrier and delivery route will be made by Fav-tech unless specifically designated by Customer. Fav-tech reserves the right to make deliveries in installments. Delay in delivery of one installment will not entitle Customer to cancel any other installment(s). Delivery of any installment 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.

6. LIMITED WARRANTY
Fav-tech agrees to transfer to Customer whatever transferable warranties Fav-tech receives from the manufacturer of Products sold to Customer. Fav-tech makes no other warranty, express or implied, with respect to the Products. IN PARTICULAR, Fav-tech MAKES NO WARRANTY RESPECTING THE MERCHANTABILITY OF THE PRODUCTS OR THEIR SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR USE OR RESPECTING INFRINGEMENT. Fav-tech ‘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 Fav-tech ‘s election, with such remedies exclusive and in lieu of all others. Customer must notify Fav-tech within 90 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 Fav-tech ‘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. COMPLIANCE AND LEAD-FREE POLICY
It is the policy of Fav-tech Electronics to identify and offer products to the Customer as RoHS Compliant or Lead Free, only after specific requirements have been met. Fav-tech 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, Fav-tech 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 four years from the date of receipt. Fav-tech 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. Fav-tech defines the term “Lead Free” as pertaining to any product that has been declared by a Supplier to be “Lead Free”. All statements by Fav-tech of RoHS compliance are based on producer documentation.

7a. CORPORATE WEEE POLICY
Fav-tech Electronics 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 Fav-tech sells are subject to the European Union Directive 2002/96/EC known as WEEE. Therefore, it is the policy of Fav-tech Electronics 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
Fav-tech Electronics maintains Country of Origin information on all products in its inventory. This information is provided to customers on product labels and product shipping documents. This information is based on manufacturer-provided information according to US Treasury, US Customs Regulations. Our manufacturers do not provide Fav-tech with the country of origin of each raw material or subcomponent that is incorporated into the Manufacturer’s final product.

8. LIMITATION OF LIABILITIES
IN NO EVENT SHALL Fav-tech 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 Fav-tech 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 Fav-tech HARMLESS FROM ANY CLAIMS BROUGHT BY ANY PARTY REGARDING PRODUCTS SUPPLIED BY Fav-tech 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. Fav-tech 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. Fav-tech 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 catalog or on our website is for reference only and does not modify these terms and conditions. Fav-tech does not participate in any product safety engineering, product safety review or product safety testing. Fav-tech cannot provide any safety testing, safety evaluation or safety engineering services. Products sold by Fav-tech 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 Fav-tech 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 WORLDWAY 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. Fav-tech shall have no responsibility or liability for the content or use of such statements or advice. Fav-tech 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-Cancelable/Non-Returnable) upon determining that an order requires such conditions of sale. Buyer understands that “NC/NR” products are obtained by Fav-tech 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 Fav-tech ‘s supplier and the written consent of Fav-tech Electronics. Any Mil-Spec product purchased from Fav-tech Electronics is Non-Cancelable/Non-Returnable. Products labeled as moisture sensitive are NC/NR if the packaging has been opened. All products purchased by Customers classified by Fav-tech Electronics 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 Fav-tech 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
Fav-tech décline toute responsabilité en cas de retard de livraison ou de manquement à ses obligations pour des raisons indépendantes de sa volonté, notamment la distribution des produits, les pénuries de matériel, les conflits du travail, les retards de transport, les circonstances imprévues, les catastrophes naturelles, les actes ou omissions d'autres parties, les actes ou omissions des autorités civiles ou militaires, les priorités gouvernementales, les incendies, les grèves, les inondations, les intempéries, les pannes informatiques, le terrorisme, les épidémies, les restrictions de quarantaine, les émeutes ou la guerre. Le délai de livraison ou d'exécution de Fav-tech sera prolongé, ou Fav-tech peut choisir d'annuler toute commande ou le reste de la commande en informant le client sans aucune responsabilité.

14. Contrôle des exportations
Fav-tech Electronics s'engage à respecter toutes les réglementations et lois américaines en matière d'exportation. Fav-tech ne vend ni ne transporte dans des pays soumis à un embargo par le Bureau du contrôle des avoirs étrangers (OFAC) du Département du Trésor des États-Unis. Fav-tech ne vend ni n'expédie à des personnes ou à des organisations identifiées par le Trésor américain comme des ressortissants spécifiquement désignés et des personnes bloquées. Fav-tech ne vend pas ou ne transporte pas de produits interdits par la réglementation sur les exportations à des personnes ou organisations identifiées par le Bureau de l'industrie et de la sécurité (BIS) du Département du commerce des États-Unis. Fav-tech ne demandera pas de licence d'exportation en vertu du Règlement sur l'administration des exportations. Fav-tech participe au contrôle des exportations de la Banque des règlements internationaux et à la déclaration des transactions de l'OFAC. En outre, Fav-tech interdit la réexportation, le courtage ou le transbordement de ses produits vers toute personne, organisation ou pays interdits par l'OFAC ou la Banque des règlements internationaux. La vente, la revente ou toute autre disposition des produits et de toute technologie ou documentation connexe est soumise aux lois, règlements et ordonnances des États-Unis sur le contrôle des exportations et peut être soumise aux lois et règlements sur le contrôle des exportations et/ou des importations d'autres pays. Le client s'engage à se conformer à toutes ces lois, réglementations et ordonnances. Le client reconnaît en outre qu'il ne peut exporter, directement ou indirectement, aucun produit vers un pays où l'exportation ou la transmission de tout produit est restreinte ou interdite. Le client reconnaît qu'il est responsable d'obtenir toute licence d'exportation, de réexportation ou d'importation selon les besoins.

14.1 Clause de non-responsabilité concernant la classification des exportations 
Toute utilisation de la classification Fav-tech, qu'il s'agisse des CECN ou de toute variante du code tarifaire harmonisé, ne fait pas appel à Fav-tech et se fait aux risques et périls de l'utilisateur. La classification des exportations peut changer. Si vous exportez ou réexportez, il incombe à votre entreprise, en tant qu'exportateur inscrit, de déterminer le classement correct de tout article au moment de l'exportation. Toute classification d'exportation de Fav-tech est destinée à l'usage interne de Fav-tech et ne doit pas être interprétée comme une déclaration ou une garantie quant à la classification d'exportation correcte, ni comme base pour une décision de licence.

15. Généralités
Les termes et conditions ne peuvent être modifiés ou annulés sans le consentement écrit de Fav-tech. Par conséquent, les biens et services fournis par Fav-Tech ne sont vendus que selon les termes et conditions énoncés ici. Nonobstant les termes et conditions contraires ou supplémentaires de tout bon de commande, calendrier de planification, confirmation, confirmation ou tout autre formulaire ou document émis par l'une ou l'autre partie affectant l'achat et/ou la vente du produit, la vente du produit en vertu du présent accord sera régie par les termes et conditions. Nonobstant les termes et conditions figurant sur la commande du client, les informations et les conditions figurant sur la demande de crédit contrôlent le client et Fav-tech. Toute déclaration ou clause contradictoire figurant sur le bon de commande, la facture, la confirmation ou tout autre document produit par le client (« Documents du client »), déposé avant ou après, sera rejetée par la soumission d'une demande de crédit et l'octroi d'un crédit par Fav-tech, qui s'oppose par la présente à toutes les conditions générales différentes ou supplémentaires contenues dans les Documents du client. L'exécution de tout contrat par Fav-tech est expressément subordonnée à l'acceptation par le client des conditions générales de vente de Fav-tech, sauf accord écrit exprès contraire de Fav-tech. En l'absence d'un tel accord, le début de l'exécution et/ou de la livraison est uniquement pour la commodité du client et ne doit pas être considéré ou interprété comme l'acceptation des termes et conditions du client ou de l'une d'entre elles. Si le contrat n'a pas été préalablement formé par un accord écrit entre les parties, l'acceptation par le client de tout bien ou service sera considérée comme l'acceptation par le client des termes et conditions stipulés dans le présent contrat. Sans le consentement écrit préalable de Fav-tech, aucun droit, obligation, accord ou obligation en vertu du présent accord ne peut être transféré ou transféré par la loi, la fusion ou d'autres moyens. Les obligations, droits, termes et conditions du présent accord lieront les parties au présent accord et leurs héritiers et ayants droit respectifs. La renonciation ou la violation de toute clause, condition ou contrat du présent accord, ou la violation de toute disposition du présent accord, ne sera pas considérée comme une renonciation à toute autre clause, condition ou contrat contenu dans le présent accord, ni à toute violation ou rupture ultérieure de quelque nature ou nature que ce soit. Toute disposition du présent Contrat est interdite ou inapplicable dans une juridiction et, à l'égard de cette juridiction, est nulle et non avenue dans la mesure où elle est interdite ou inapplicable, sans invalider les autres dispositions du présent Contrat dans cette juridiction ni affecter la validité ou l'applicabilité de cette disposition dans toute autre juridiction. Les termes et conditions seront régis et interprétés conformément aux lois du Texas et aux lois applicables des États-Unis.