LWI Electronics Inc. Terms and Conditions

THE SALE OF PRODUCTS AND SERVICES ("PRODUCTS") BY LWI Electronics Inc., ("LWI"), ARE SUBJECT TO THESE TERMS AND CONDITIONS ("AGREEMENT") REGARDLESS OF OTHER OR ADDITIONAL TERMS OR CONDITIONS THAT CONFLICT OR CONTRADICT THIS AGREEMENT IN ANY PURCHASE ORDER, DOCUMENT, OR OTHER COMMUNICATION ("ORDER"). PREPRINTED TERMS AND CONDITIONS ON ANY CUSTOMER ("CUSTOMER") DOCUMENT (FOR EXAMPLE: PURCHASE ORDERS OR CONFIRMATIONS) AND/OR LWI's FAILURE TO OBJECT TO CONFLICTING OR ADDITIONAL TERMS WILL NOT CHANGE OR ADD TO THE TERMS OF THIS AGREEMENT.

1. PURCHASE ORDERS

LWI reserves the right to accept the P.O, All Orders are subject to acceptance by LWI. LWI reserves the right to distribute the sale of Products amongst its customers. All orders are considered non-cancellable and non-returnable ("NCNR") unless approved in writing by LWI. The Customer may not terminate or reschedule orders for any Products without LWI's permission, which permission shall not be unreasonably withheld. However, once orders (Product) are shipped, no cancellation or reschedules shall be permitted.

2. PRICE Policy

LWI quoted prices are valid for 30 days or as otherwise specified in its quote. Notwithstanding this period, LWI may boost prices if LWI's costs increase or due to other circumstances beyond LWI's reasonable control. LWI shall provide notice to customer prior to shipment, giving the Customer the opportunity to revoke the order, which revocation shall be made in writing within 24 hours of such announcement. Prices are for Products only and do not include taxes, impositions and any other charges, fees, shipping charges and duties imposed by any government authority. Customer is responsible for any additional fees and taxes.

3. PAYMENT Terms

100% against P.I Payment of the total invoice amount, without offset or deduction, is due 30 days from the invoice date. On any past due invoice, LWI interest shall accrue from the payment due date to the date of payment at 1.50% per month, plus if applicable, any reasonable attorney fees and collection costs. LWI may modify the terms of Customer's credit at any time and LWI shall provide at least 10 days' notice of any such modification. LWI may apply payments to any of Customer's accounts and may apply said payments to the oldest outstanding invoice, plus interest charges, if applicable.

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