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CONDITIONS OF SALE
1. ACCEPTANCE: The following Conditions of Sale apply to all sales of GREYLINE’s products. These provisions shall apply
even if GREYLINE fails to object to provisions appearing on, Instruments by, referenced in, or attached to Buyer’s purchase
order form. Buyer’s acceptance of delivery of GREYLINE’s products constitutes its acceptance of these Conditions of Sale.
2. DELIVERY AND TITLE: All product shipments are Ex Works shipping point and title passes to the Buyer at the time GREYLINE
delivers the merchandise to the carrier. Risk of loss or damage to the product passes to the Buyer at the time GREYLINE delivers
the product to the carrier. The Buyer immediately upon receipt should inspect all shipments, and should there be any evidence of
damage or loss in transit, Buyer must file claims or tracers upon carrier. GREYLINE will assist in tracing shipments upon request.
3. LIMITED WARRANTY: GREYLINE warrants that for a period of two (2) years following the date of original shipment of an
GREYLINE product: (i) the product will conform to GREYLINE’s standard written specifications applicable to such product in
effect on the date of Buyer’s order, or as modified by GREYLINE’s quotation or Buyer’s purchase order accepted by
GREYLINE, (ii) the product will be free from defects in workmanship, and (iii) that GREYLINE has title to the product prior to
shipment to the Buyer; provided, however, that the warranties provided herein shall be void and may not apply in the event
Buyer misuses or damages a product, including, but not limited to, any use by the Buyer of a product for an application other
than one of a type approved by GREYLINE. GREYLINE’s sole liability and Buyer’s sole remedy for any breach of the
foregoing warranty is for GREYLINE to repair or replace, at GREYLINE’s option, any defective product that is returned to
GREYLINE during the warranty period. EXCEPT AS MAY BE SPECIFICALLY AGREED BY GREYLINE IN WRITING IN
RELATION TO EACH SALE, NO OTHER WARRANTIES SHALL APPLY, WHETHER EXPRESSED, IMPLIED OR
STATUTORY, AND THERE SHALL BE NO IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE.
4. REMEDIES: GREYLINE’s OBLIGATION UNDER THE FOREGOING WARRANTIES IS LIMITED SOLELY TO REPAIR OR
REPLACEMENT, AT GREYLINE’s OPTION, OF DEFECTIVE OR NONCONFORMING PRODUCTS. GREYLINE SHALL NOT
BE LIABLE FOR CONSEQUENTIAL, INDIRECT, PUNITIVE, INCIDENTAL, OR SPECIAL DAMAGES WHETHER FOUND ON
CONTRACT, TORT OR ANY OTHER THEORY OF LAW. No products shall be returned to GREYLINE without its prior consent
and transportation and insurance costs shall be prepaid. Any repair or replacement of GREYLINE’s products under the
foregoing warranty will be at no charge to the Buyer provided such repair is done at the GREYLINE factory or authorized
service center. GREYLINE products that are repaired or replaced under this warranty will be returned to Buyer via the same
method of shipment use to return the product to GREYLINE. Repair or replacement of GREYLINE products is conditioned upon
GREYLINE’s acknowledgement of any alleged defect or nonconformance during the warranty period and issuance of a Return
Authorization number. All product returns must reference the Return Authorization number on the outside of the shipping carton
and on any paperwork referencing the return.
5. PRICES AND PAYMENT TERMS: The prices set forth in the most recent quote or acknowledgement as applicable, supersede
all previous prices or quotations. All quotations are subject to change or withdrawal without notice except as may be specifically
noted on the face of the quotation. The prices shown do not include sales, excise or government charges payable by GREYLINE
to Federal, State, or local authority. Any such tax or charge now or hereafter imposed upon the sale or shipment of the products
under this contract will be added to the purchase price. Buyer agrees to reimburse GREYLINE for such tax or charge or provide
GREYLINE with an acceptable exemption certificate. Payment of invoices will be due 30 days from the date of shipment of the
products contained therein. In the event that payment of an invoice is not received by the invoice due date, GREYLINE will assess
a late fee not to exceed 1.5% per month or 18% per year, or the maximum allowable by law whichever is lower.
6. CANCELLATION: Buyer may cancel its order, or any part of it, by sending written notice of cancellation to GREYLINE and
paying a reasonable cancellation fee as determined by GREYLINE. The reasonable cancellation fee will reflect, among other
factors, the expenses already incurred and commitments made by GREYLINE, sales and administrative costs and profit as
determined by GREYLINE. If Buyer received a reduced price based on the quantity of products ordered, but has not
purchased the applicable quantity at the time of cancellation, Buyer will pay the price it would have paid had GREYLINE’s
sale price been based on the quantity actually purchased.
7. CHANGES: If Buyer makes any changes in its drawings, designs, or specifications applicable in any contract with GREYLINE that cause an
increase or decrease in the cost of performance of the contract, or if such changes result in rework or obsolescence, an equitable adjustment
shall be made to the contract. Such changes are subject to GREYLINE’s prior written consent.
8. EXCUSABLE DELAY: GREYLINE shall under no circumstance be responsible for failure to fill any order or orders when due to: fires,
Floods, riots, strikes, freight embargoes or transportation delays, shortage of labor, inability to secure fuel, material supplies, or power
at current price or on account of shortages thereof, acts of God or of the public enemy, any existing or future laws or acts of the
Federal or State Government (including specifically, but not exclusively, and orders, rules or regulations issued by any official or
agency of any such government) affecting the conduct of GREYLINE’s business with which GREYLINE in its judgment and discretion
deems it advisable to comply as a legal or patriotic duty, or due to any cause beyond GREYLINE’s reasonable control.
9. PATENTS: GREYLINE shall defend all suits or proceedings brought against Buyer or its customers arising from claimed
infringements of any patent, trademark, service mark or copyright for any product furnished by GREYLINE and shall indemnify
it against all costs, fees, and damages on the condition Buyer promptly notifies GREYLINE in writing and provides information
and assistance to enable GREYLINE to conduct the defense, provided that GREYLINE shall have no such obligation in case of
infringement resulting from GREYLINE’s conformance to special requirements of Buyer. If GREYLINE is not able to settle any
such suit or proceeding on acceptable terms, GREYLINE may, at its option, require return of the infringing product and refund
the purchase price to Buyer less a reasonable allowance for depreciation or use.
10. FAIR LABOR STANDARDS ACT: GREYLINE represents that all products delivered under this contract are furnished in accordance
with the applicable provisions of the Fair Labor Standards Act as amended.
11. APPLICABLE LAW: This document and any resulting contract shall be governed by and construed in accordance with the
laws of the State of Florida. The courts of the State of Florida and the federal courts located in Florida shall have jurisdiction
and venue with respect to litigation to this contract. In the event of litigation, the prevailing party shall be entitled to recover
attorney’s fees and costs from the non-prevailing party, including appellate attorney’s fees.
12. MODIFICATIONS: These Conditions of Sale along with the prices, quantities, delivery schedules and other provisions and
instructions in applicable quotations by GREYLINE or Buyer’s purchase orders accepted by GREYLINE shall constitute the entire
agreement between GREYLINE and Buyer pertaining to any resulting contract. They can be modified only in writing.
