GENERAL TERMS AND CONDITIONS

(June 10, 2011)
All sales of equipment offered and sold by SmartMeasurement Inc. (hereinafter called “SMC”) shall be subject to the following General Terms and Conditions which shall be deemed incorporated into all orders and offers to purchase submitted to SMC for acceptance and into all of SMC’s acceptances and contracts for sale.

1. EXCLUSION ON WARRANTIES: NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, MADE BY ANY DISTRIBUTOR, SALES REPRESENTATIVE, OR FIELD AGENT OF SMC, SHALL BE BINDING ON SMC UNLESS SPECIFICALLY SET FORTH HEREIN.

2. WARRANTY: SMC makes the following limited warranty: SMC’s products are warranted against faulty materials or workmanship for one year from the date of shipment from the factory. SMC’s obligation is limited to repair, or at its sole option, replacement of products and components which, upon verification by SMC at the SMC manufacturing headquarters in Wauwatosa, Wisconsin, 53226, prove to be defective. SMC shall not be liable for installation charges, for expenses of Buyer for repairs or replacement, for damages from delay or loss of use, or other indirect or consequential damages of any kind. This warranty is extended only to SMC products properly used and properly installed for the specific application for which intended and quoted; and does not cover corrosion; and does not cover water damage due to improper use of cord grips or removal of protective caps; and does not cover SMC products which have been altered without SMC authorization, or which have been subjected to unusual physical or electrical stress. SMC makes no other
warranty, express or implied, and assumes no liability that goods sold to any purchaser are fit for any particular purpose.

3. RMA #: No items will be returned for warranty repair without prior authorization from SMC, and a Return Material Authorization Number (RMA #) must be obtained prior to returning any equipment to SMC Metering for any reason. RMA #s may be obtained by calling SMC at 414-418-1908 or 866-404-5415 between 8:00 AM and 5:00 PM PST Monday through Friday. A SMC RMA Form (available within any SMC Operations and Instruction Manual, or within SMC website, www.smartmeasurement.com, under “Contacts” Tab) must be filled out and included with the meter being returned to SMC Metering. NOTE: Exercise caution in returning SMC instrumentation. You must take special care when packaging your meter for return to the factory, especially Insertion Style meters. The sensor in particular may easily be damaged if not prevented from shifting around within the package, and if the sensor itself is not covered (with PVC or other protective method) in order to keep it from contacting other package contents. Any damage resulting from improper packaging is the responsibility of the shipper, and costs will be incurred to repair the
damage.

4. TRANSPORTATION: Transportation charges for materials shipped to the factory for warranty repair are to be paid by the shipper. SMC will return items repaired or replaced under warranty prepaid. Note, in the case of International returns, any special payment arrangements for the shipment must be approved in writing by the SMC International Manager prior to shipping the materials.
In accordance with the “Right to Know Act” and applicable US Department of Transportation (DOT) regulations,
SMC WILL NOT ACCEPT DELIVERY OF EQUIPMENT THAT HAS BEEN CONTAMINATED (see “Warranties
& Service Work” in any SMC Instruction Manual for further details on cleaning and decontamination) without
written evidence of decontamination, and has instituted the following Return/Repair conditions. Strict adherence to these conditions is required. Returned equipment that does not conform to the requirements listed below will not be processed. If SMC Metering finds evidence of contamination, we may, at our option, have the unit returned at your expense. For your reference, the requirements for packaging and labeling hazardous substances are listed in DOT regulations 49 CFR 172, 178, and 179.

5. LIMITATONS ON WARRANTY: If after inspection of the returned equipment, SMC determines that the defect is a result of damage, misuse, mishandling, installation, abnormal conditions of storage or operation, unauthorized repair or modification, or due to the Buyer’s failure to install, maintain or operate the equipment in compliance with the written instructions, all expenses incurred by SMC in connection with the replacement or repair of the equipment shall be for the account of the Buyer. There will be a minimum Service Charge for inspecting the product and determining the defect of $150. Any additional charges necessary to repair the product will be quoted to Buyer, and must be authorized by Buyer before SMC will proceed with repair. Once an evaluation is completed and a quote has been issued, Buyer can choose to proceed with the work or have the unit returned with only the evaluation and freight fee billed to the Buyer.
The validity, performance and interpretation of the limited warranty shall be governed by the internal laws
(and not the Laws of conflicts) of the State of California. All disputes arising in connection with the limited
Warranty shall be resolved, if not sooner settled, by a court of competent jurisdiction located in San Francisco County,
California, 94109, USA where the SMC global headquarter resides.                                                     
                                                                                                                                                                                          
6. ACCEPTANCE STATES THE ENTIRE CONTRACT: The acknowledgment by SMC of the Buyer’s order or offer to purchase is an acceptance of the Buyer’s order and intended to embody the complete and exclusive contract of sale in relation to the subject matter hereof, and no understandings or agreements, verbal or otherwise, in relation thereto except as herein expressly set forth or incorporated herein by reference shall be binding on either party.
The acknowledgment by SMC of the Buyer’s order(s) is accepted on the condition that the terms and conditions set forth herein shall apply and shall constitute complete agreement between the parties. Any provisions or conditions of the Buyer’s order forms or any verbal or other understandings or agreements which are in any way in conflict with or in addition to these terms and conditions shall not be binding on SMC and shall not be applicable, unless expressly agreed to in writing by SMC herewith or hereafter. Buyer shall be deemed to have consented to the exclusive terms and conditions hereof unless objection by the Buyer hereto in writing has been received by SMC at its headquarters in San Francisco, California, 94109 within three (3) working days after receipt of the acknowledgment by the Buyer, and in the event of such objection and at SMC’s option, the acknowledgment shall thereupon be revoked and the sale contract terminated.

7. DELIVERY: Delivery of equipment not agreed on the face hereof to be installed by or under supervision of SMC shall be F.O.B. at SMC’s manufacturing facility  in Wauwatosa, Wisconsin, 53226. Shipping dates are approximate and are based upon current and anticipated manufacturing capabilities and upon receipt of all necessary information from the Buyer. SMC reserves the right to make delivery in installments and the contract shall be severable as to each such installment. Delay in delivery or other default in any installment shall not relieve the Buyer of its obligation to accept and pay for remaining deliveries. If delivery of goods is delayed due to default in payment of the purchase price or to delay in receipt of shipping Instructions, documents for payment, required inspection, export license or authorization or other cause for which SMC is not responsible, charges for demurrage and storage shall be paid by the Buyer. All claims for a delay in delivery shall be deemed waived unless presented to SMC in writing thirty (30) days after the delivery of each shipment.
Unless otherwise indicated on the front side of the invoice, all shipping and insurance charges, any duty and all taxes
Related to the Buyer’s order shall be paid by the Buyer. Claims for damages in transit must be asserted against the
Carrier. Within (7) days after receipt of shipment, the Buyer must report to SMC any shortage or damage not due to the carrier, otherwise claims for such shortage or damage will be deemed waived.

8. CANCELLATIONS/ RETURN POLICY: Orders accepted by SMC cannot be cancelled or countermanded, or
Shipments deferred or equipment returned except with the prior written consent from SMC’s manufacturing facilities in Wauwatosa, Wisconsin, 53226, and upon terms that will indemnify SMC against any losses that may result, including the profit on any part of the order that is cancelled. When SMC authorizes the return of equipment, the Buyer shall prepay the shipping charges on such returned equipment unless otherwise expressly stated by SMC in its written return authorization.
Note: In-Line or Insertion Flow Meters that have Flanges are not cancellable, if the Flange fabrication has begun, or is already completed.
After issuance of a purchase order (by phone, mail, e-mail or fax) or a credit card order (by phone, mail, e-mail or fax),
There will be a cancellation fee for any cancelled order. Cancellations must be in writing (by mail, e-mail or fax): a) If credit card order or non-credit card order is cancelled within seven (7) days of issuance of purchase order or date order was placed (whichever is earlier), there will be a 10% cancellation fee (in addition to any “Expedite “ fee; b) If credit card order or non-credit card order is cancelled after seven (7) days, but prior to shipment, there will be a 20% cancellation fee (in addition to any “Expedite “ fee). (If order is cancelled due to late delivery, the cancellation fee will be waived. Late delivery is defined as shipping a meter seven [7] days or later than the delivery date acknowledged by SMC Metering at time of placing order); c) “Expedite” fees are defined as pre-negotiated fees agreed to by customer in order to guarantee delivery at or before a specific date that is sooner than normal delivery time. These arrangements are part of the Purchase Order,
and are shown as a line item “EXPED” described as Expedite Service Fee; d) if a credit card customer (Buyer) decides to return the equipment after shipment for credit, credit will not be issued if equipment is damaged or if equipment is returned after four (4) months of shipment. If equipment is not damaged, then equipment can be returned after issuance of a Return Material Authorization (RMA) by SMC. Returned package must be insured by Buyer and must reference proper RMA# on outside of package, or package may be rejected (i.e., package will be returned unopened). Credit Card customers (Buyer) will be charged a 30% re-stocking fee (70% balance will be credited back). Buyer is responsible for return shipping charges and any damage if improperly packaged; e) if a non-credit card customer (Buyer) decides to return the equipment after shipment for credit, credit will not be issued if equipment is damaged, or if equipment is returned after one (1) month of shipment, unless authorized by a representative at SmartMeasurement Inc. in writing. The
SMC representative will issue a Return Material Authorization (RMA #) at that time and will advise of the restocking fee, and confirm in writing. Minimum restocking fee is 30%. Returned package must be insured by Buyer and must reference proper RMA # on outside of package, or package may be rejected (i.e., package will be returned unopened). Buyer is responsible for return shipping charges and any damage if improperly packaged.

9. FORCE MAJEURE: Fulfillment of this order is contingent upon the availability of materials. SMC shall not be liable for any delays in delivery, or for non-delivery or nonperformance, in whole or in part, caused by the occurrence of any contingency beyond the control of either SMC or suppliers of SMC, including but not limited to one or more of the following causes: fires, destruction of plant; strike; lockout; dispute with workmen; epidemic; flood; accident; delay in transportation; war (whether declared or undeclared); insurrection; riot; blockage; embargo; acts, demands or requirements of the United States, or the country in which or through which delivery is to be made or any state or territory thereof, or of any governmental subdivision of any thereof; restraining orders for decrees of any court or judge; or any other cause whatsoever, whether similar or dissimilar to those herein before enumerated. The existence of any such
cause or causes of delay shall extend the time of performance by the time or times measured by any such cause or Causes of delay. If delivery is not completed within sixty (60) days after the date stipulated in the acceptance of the order due to any said causes, either SMC or the Buyer may cancel this contract on ten (10) working days’ notice to the other. If any contingency occurs, SMC reserves the right to allocate production and deliveries among its customers.

10. ACCEPTANCE OF ORDERS: Orders and offers to purchase received by or on behalf of SMC are subject to Acceptance only at its headquarters in San Francisco California, 94109 or its manufacturing facilities at Wauwatosa, Wisconsin, 53226   No SMC distributor, sales representative, or field agent has authority to accept orders or make contracts of sale on behalf of SMC.

11. PRICES, TAXES AND TRANSPORTATION CHARGES: The sales price stipulated in this contract is exclusive of all customs duties, charges or surcharges, consular fees, sale, use, excise, turnover, occupational or transportation taxes, or any other taxes imposed by any country or political subdivision there of If any such tax or charge is imposed by law on the Buyer on account of this sale and SMC is obligated to pay such tax or charge, the amount of such disbursement shall be reimbursed to SMC by the Buyer forthwith in addition to the purchase price. Freight and insurance quotations are merely
estimates based upon currently prevailing rates and, because SMC has no control over such quotations, any variations in the actual rates at the time of shipment shall be for the Buyer’s account. SMC may add a charge for export packing to the price, and SMC reserves the right to impose an additional reasonable charge for packing and/or packaging to comply with Buyer’s specifications or instructions.

12. TERMS AND PAYMENT; INSTALLATION CHARGES, FINANCE CHARGES: Absent contrary provision on the face hereof and subject to approval and continuance of approval of credit by SMC, terms of payment are thirty days net from the date of invoice. In the case of equipment for destination outside the United States, terms of payment are by Wire Transfer or Credit Card prior to shipment, unless otherwise noted, or other arrangements are approved in writing by SMC’s International Manager. All payments shall be in legal currency of the United States. Acceptance and endorsement by SMC of an instrument for less than the full amount which claims to be due shall not be deemed to be an admission of payment in full and any conditions to the contrary which are noted on such an instrument shall not be binding on SMC. SMC’s prices prevailing at time of each shipment shall apply. Prices are subject to correction for error. All costs of installation shall be borne by Buyer. It is contemplated that any installation or supervision labor and services
agreed on the face hereof to be performed by SMC or SMC agents, are to be performed during regular working hours on regular working days. If for any reason the Buyer requests SMC to furnish any such labor or services outside of such regular working hours, any overtime or other additional expense occasioned thereby shall be billed to and paid by the Buyer. A finance charge will be assessed on past due amounts at one and one half percent (1-1/2%) per month or the highest rate permitted by law whichever is lower.