General conditions of business and terms of delivery for sales ofLeister Technologies AG, CH-6056 Kaegiswil, Switzerland

1. Validity
1.1 These current General Terms and Conditions ("General Conditions") are valid, should no other writtenagreement exist, for all sales and deliveries made by the company Leister Technologies AG, 6056
Kaegiswil/OW, Switzerland ("LTAG") or its affiliates. LTAG shall not be bound by the conditions of businessand terms of delivery of the Purchaser or by any other documentation of the Purchaser which are intended
to replace or modify these General Conditions.
1.2 For LTAG distributors or resellers, the following provisions shall also apply and all references to a"Purchaser" shall refer to such distributor or reseller. In case of discrepancies between a distributionagreement and these General Conditions, the terms of the distribution agreement shall prevail.
2. Acceptance of orders
2.1 Purchaser will order products of LTAG or its affiliates (the “Products”) with a binding order, by using thevalid LTAG Product number and according to the prices valid when placing the order.
2.2 Orders are binding on Purchaser for 60 days and will be accepted only upon written confirmation by LTAG.
2.3 Purchaser shall be solely responsible for obtaining all import licenses for the import of the Products.
2.4 During the term of Section 2.2, Purchaser may not cancel, postpone or reduce the quantity of Product(s)after ordering without LTAG's prior written approval granted in each instance in LTAG's sole discretion, andsubject to a cancellation charge in the amount of 15% of the purchase value or CHF 300, whichever is higher.
3. Description of the Products
3.1 All details contained in offers, leaflets, drawings and photographs etc. are based on the Productspecifications that are valid at the time of the offer being made. Such details are provided for information
purposes only and shall not be read or construed as guaranteed features or properties of the Products inquestion. The Purchaser makes use of such data and information at its own risk.
3.2 The instructions of use of LTAG and the warnings as well as all amendments relating thereto must be
immediately forwarded by DISTRIBUTOR to its customers.
3.3 At any time prior to delivery, the Products are subject to alterations and modifications in respect ofconstruction and design that will not impair the correct functioning of the Product or its intended use by thePurchaser or customer at the time the agreement was entered. Such alterations or modifications do not
represent a cause for complaint and do not entitle the Purchaser or customer to cancel an order.
3.4 Drawings, illustrations and descriptions for offers, installations, tools, machinery and accessories remain
the property of LTAG. They may not be used for the manufacture by other parties of the objects illustrated
or described. Moreover, the objects delivered may themselves not be used for the preparation of workshop
drawings or for the manufacture by the Purchaser or other parties of the Products.
4. Prices
4.1 The prices quoted in accordance with the written quotation are Ex Works factory Sarnen/Switzerland or
Ex Works factory Shanghai (for Weldy products) (Incoterms 2010). They do not include customs handling,duties and taxes.
4.2 LTAG reserves the right to adjust prices in the event of increases in customs tariffs, exchange rates,transport or insurance tariffs, import duties and sales taxes or should new taxes and charges be introducedfor which LTAG is not responsible or in the event of improvements having been made to the Products inquestion between the date when the order is placed and the date of delivery.

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5. Terms of Payment
5.1 Payments shall be made in Swiss Francs (CHF). The purchase price is to be paid net without set-off ordeductions of any kind. Should the time limit for payment be exceeded, the Purchaser is in default with nonotice or reminder from LTAG being necessary.
5.2 When the Purchaser is in default, default interest shall apply from the due date at the level of the current
CHF 3 months LIBOR rate of the Swiss National Bank plus 5% and a processing fee of 3%. Payment of suchdefault interest shall not affect the right of LTAG to require compensation for any further loss due to thedelay.
5.3 The non-delivery of insignificant parts of an order or any claims under the terms of the warranty vis-à-vis
LTAG do not entitle the Purchaser to postpone or withhold due payments.
5.4 In the event of delay in acceptance on the part of the Purchaser, the entire purchase price or theremainder thereof becomes due for immediate payment.
5.5 The Purchaser is expressly prohibited from setting off payment against counter-claims unless suchcounter-claim has been recognized by LTAG or has been finally adjudicated by a competent court of law orarbitral tribunal.
5.6 If a Purchaser has been in default with payments in the past, LTAG may request that Purchaser procuresa bank guarantee, L/C or similar instrument (subject to approval by LTAG) to secure the payment prior toshipment of the deliverables.
6. Delivery and terms of delivery
6.1 The delivery time quoted by LTAG in the order confirmation is intended merely as an approximation
unless a delivery date is expressly indicated as being binding.
6.2 LTAG undertakes commercially reasonable efforts to meet all agreed delivery dates. However, a delay indelivery does not entitle the Purchaser to refuse acceptance of the goods, to cancel the order and / or toclaim any form of compensation.
6.3 LTAG is entitled to effect partial deliveries and to invoice for these separately.
7. Assumption of risk
With the notification of LTAG or its affiliate that the Products are ready for shipment, the Purchaser assumes
all risks.
8. Reservation of title
All tools, products, goods etc. that are supplied by LTAG remain the property of LTAG until receipt of the fullpayment. The Purchaser herewith empowers LTAG to have the reservation of property recorded in theappropriate official register at the expense of the Purchaser.
9. Export
Exporting the products to other member-states of the EC or to countries outside the EC requires the writtenconsent of LTAG, it being understood the Purchaser is solely responsible to ascertain compliance of theProducts with export regulations and with the laws and regulations of the destination country.
Export control measures
At the request of LTAG, the customer must truthfully complete the Statement of End-Use and return it toLTAG within the reasonable time period. Leister is responsible for the export documents and any export
permits. Exclusion of costs see point 5 (Prices).
The ordering party is responsible for obtaining any import permits or licenses in the country of destination.
If LTAG determines prior to delivery that a purchaser appears on a sanctions list, Leister shall be entitled towithdraw from the contract at no further cost and not to carry out the delivery.

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10. Warranty
The warranty of LTAG for the delivered Products is limited to the following with all other and further
representations and warranties being disclaimed:
10.1 LTAG warrants that Products are free from defects in material and workmanship in accordance with therespective state-of-the-art at the time of delivery. Alterations in construction or implementation, generally
undertaken by us, prior to delivery of an order do not entitle the Purchaser to deem the goods faulty.
10.2 Complaints for defects have to be notified to LTAG in writing within 14 days of the receipt of theProducts, or with respect to hidden defects which could reasonably not have been detected upon receipt of
the Products within 14 days of the detection of such hidden defect.
10.3 If nothing to the contrary has been agreed in writing, the warranty period is 12 months (for Leisterproducts) and 6 months (for Weldy products), in each case from the notification that Products are ready forshipment.
10.4 Subject to timely notice, the warranty work is performed at the discretion of LTAG by a replacement
delivery or elimination of the defect at no charge. To that effect, the Purchaser has to return to LTAG thedefective items in their original condition in adequate packaging carrying the invoice number. Subject tomutual agreement, the Purchaser or the customer may carry out the repair, with LTAG providing thenecessary parts and compensation in the form of a lump sum for the necessary labor. Claims for rescissionof the agreement or price reduction are not permitted, unless the defect cannot be repaired or further
attempts at fixing the defect are unreasonable for the customer.
10.5 No warranty applies in the case of repair work or alterations to the delivered Products not authorizedor effected by LTAG. Expendable parts and heating elements are excluded from any warranty.
10.6 Damage due to natural wear and tear, overloading or improper handling are excluded from thewarranty.
10.7 The transport costs (DDP - delivered duty paid) for the return shipment in cases of warranty claims
must be borne by the Purchaser.

11. Rights
All rights to the Products, particularly trademark rights and copyrights, as well as rights of publication,
reproduction, processing and utilization shall remain the property of LTAG and shall not be affected by thisagreement. The products are distributed under the worldwide registered and protected brands «Leister» and«Weldy». The Purchaser acquires no right to use such brand names. The rights to the brand name, inparticular trademark rights and copyrights, as well as rights of publication, reproduction, processing andutilization are and remain the property of LTAG and shall not be affected by this agreement. Any alterationof the trademark is expressly forbidden. In particular no logos or type plates on the Products or the packaging
or on other documents or property of LTAG may be removed, pasted over or otherwise altered. Only thepatterns and logos of LTAG may be used.
12. Liability
These General Conditions set forth the exclusive remedies of the Purchaser for defects of the delivered
Products. LTAG's liability is limited to the purchase price of such Products. Any claim of the Purchaser forcompensation of damages which is not expressly granted in the above Sections, irrespective of the sort ofclaim or its basis in law, particularly claims arising from violation of accessory contractual obligations, for loss
and damage in transit, from positive breach of contract, for consequential loss or damage arising from defects(in as much as these are not covered by contractual warranty), from Purchaser's claims of recourse resulting
from product liability, from Purchaser's claims for commercial material damages due to defective products,etc., is hereby excluded, unless such claim is the result of unlawful intent or gross negligence by LTAG.
Neither LTAG nor anyone else who has been involved in the creation, production or delivery of Products
shall be liable for any direct, indirect, consequential or incidental damages (including damages for loss ofbusiness profits, business interruption, loss of business information and the like) arising out of the use of orinability to use such Products.

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13. Code of Conduct for LTAG and its business partners
The 'code of conduct for LTAG and its business partners' is published on www.leister.com. In equalmeasures, LTAG expects business partners to abide by all applicable national and international laws andregulations as well as by the minimum requirements of this 'Code of Conduct for business partners'
14. Amendments to the General Conditions
All amendments to these General Conditions as well as any deviations therefrom or supplementaryagreements thereto must be made in writing.
15. Precedence of the German language version
These General Conditions are available in both the German and English languages. In the event of
discrepancies between the two versions, the German language version of the General Conditions shall takeprecedence.
16. Governing law
The legal relationship between LTAG and the Purchaser is exclusively governed by and construed inaccordance with Swiss law. The application of the United Nations convention on the international sale ofgoods (Vienna Convention) is hereby excluded.
17. Jurisdiction and place of performance
16.1 The exclusive place of jurisdiction for all disputes arising from or relating to the relationship between
LTAG and the Purchaser in respect of the supply of Products or provision of services is Zurich, Canton ofZurich, Switzerland. The Purchaser hereby expressly waives any and all rights to its statutory place ofjurisdiction.
16.2 The place of performance for the supply of the Products and for payment is CH-6056 Kägiswil, Canton
Obwalden, Switzerland.
18. Data protection
LTAG processes personal data of the Purchaser only in compliance with applicable data protection laws. ThePurchaser has taken note of and agrees to the terms of the LTAG Data Protection Declaration(https://www.leister.com/LTAG_Data-Protection-Declaration). LTAG reserves the right to update and amend
such Data Protection Declaration to conform to current requirements.

CH-6056 Kägiswil, 14.06.2021

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