GENERAL TERMS AND CONDITIONS OF SALE
AMERICAN SCIENTIFIC, INC.
These General Terms and Conditions of Sale (“G.T.C.S.”) are applicable to all sales of Products to any Buyer of American Scientific, Inc. (“Seller”). All orders for Products placed with Seller are subject to these G.T.C.S.
by the Buyer, notwithstanding any other Seller documents such as brochures or catalogs that may be distributed by Seller solely for guidance purposes. Unless otherwise stated by special provision or amendment to these
G.T.C.S. agreed to with the Buyer or stipulated to in other contractual commitments, all orders for Products placed with Seller are subject to the terms of these G.T.C.S. No special terms or conditions shall override any of
these G.T.C.S. unless formally agreed to and accepted in writing by Seller. Any other terms and conditions set out in order forms received by Seller will not under any circumstances supercede or replace these G.T.C.S. unless
formally accepted by Seller in writing. Any waiver or substitution of any specific provision of these G.T.C.S. shall not affect the validity of the other provisions contained in these G.T.C.S. These G.T.C.S. and any invoice
covering the sale of any Products by Seller to Buyer shall together constitute the complete terms and conditions of any sale.
2. ORDER CONFIRMATION
All orders placed by a Buyer are considered to be offers until formally accepted in writing by Seller. All orders must be properly completed. Any order for products must contain the correct Product information including the
Product specifications, current price, labeling instructions, shipping instructions, including any required documentation such as Certificates of Origin, or any other required documents applicable to the transaction, as well as
the final place of delivery or of the Product. If invoicing is to be directed to another party or business entity, separate invoicing instructions must also be included. Any requested changes to an initial order will not be binding
upon Seller unless accepted in writing by Seller. All orders are to be placed directly with Seller at its Head Office (in Kingwood, Texas) or through any authorized intermediary or representatives of Seller. All Buyer orders
received by Seller and/or any representatives of Seller are only binding upon Seller if accepted and confirmed in accordance with the conditions set forth below. Acceptance of an order occurs when the Buyer receives a written
acknowledgment of the order by Seller. Acknowledge and acceptance of any order received by Seller shall be subject to prices for Products in effect on the date of acknowledgement and acceptance of the order. Invoices issued
for payment by Seller shall be based upon the prices quoted in the acknowledgment and acceptance of the order.
Seller will, under no circumstances, accept any cancellation of an order from a Buyer that has been acknowledged and accepted. Buyer must take delivery thereof in accordance with the terms and conditions of the order. All
orders that have been accepted by Seller must be paid in full by the agreed payment dates set out in the invoice. In the event Seller agrees to accept the cancellation of an order from a Buyer, any payments on account made by
the Buyer for such order will not be refunded. Any such payment shall be credited against costs for repackaging, storage and replacement of Products into inventory. In the event no advance payment has been received such
costs for repackaging, storage or replacement into inventory shall be charged to the Buyer. Buyer shall also be responsible for any freight or transportation cost incurred by Seller in the event the Products have already been
shipped and/or are in transit. All costs for the return of any Products shall also be for Buyer’s account.
All prices quoted are net and exclusive of any sales or excise tax. All prices are subject to immediate change at the sole option of Seller.
5. GOODS MADE ESPECIALLY FOR BUYER
With respect to Products that are specifically produced and manufactured for the Buyer, the Buyer warrants that there are no patents or copyrights covering such Products or that the Buyer has the right to produce or
manufacture such Products either directly or under a valid license or other form of permission in writing. Seller shall not be liable to Buyer for any claims for any patent or copyright infringement for the manufacture, sale or
use by other than Seller, of any Products specially produced or manufactured for a Buyer hereunder. Buyer in such case agrees to indemnify, defend and hold Seller harmless for any claims, suits or causes of action arising out
of any patent or copyright infringement which may be brought against Seller or its officers, directors or employees as a result of the failure of the Buyer to have obtained the necessary permission or authority to produce or
manufacture the Products provided to Buyer by Seller. In the event of any such suit being brought against Seller, Seller agrees to provide Buyer with prompt written notice of any such suit. Buyer agrees to defend such suit on
behalf of Seller and at Buyer’s sole cost and expense. Seller will make its employees and pertinent records available to Buyer and provide information for the defense of any such claim.
6. GOODS SPECIALLY LABELED AT BUYER’S REQUEST
Buyer is solely responsible for the use of any design, trademark, trade name, copyright or part thereof appearing on any Product produced or manufactured by Seller at buyer’s request. Buyer shall indemnify, defend and hold
Seller harmless from and against any and all such claims for any violation of any trademark, trade name or copyright infringement asserted against Seller resulting from or arising out of any compliance by Seller at Buyer’s
request to use any specific trademarks, trade name or copyright.
Orders of Products with indefinite delivery dates are accepted upon the understanding that Seller shall have the right to fill such order as it sees fit to coincide with Seller’s manufacturing schedules. Seller agrees to hold the
Products for Buyer’s account at an agreed location at Buyer’s expense and risk of loss pending receipt of a definite delivery date or instructions from Buyer. Any individual order or release against an order for Product(s), which
may vary up to ten percent over or under the quantity specified in the individual release, Buyer agrees to accept delivery and pay for such revised quantity and shall consider such shipment to be complete.
Neither Seller nor the Buyer shall be liable to each other for any failure or delay in performance or shipment hereunder, except for the payment sums of money that may be payable to Seller by Buyer, to the extent that such
failure or delay is caused by force majeure, which shall include, but not be limited to, acts of God, fire, flood, explosion, sabotage, riots, acts of military or civil authorities, war, whether declared or undeclared, epidemic,
transportation, including railcar or truck shortages, accident, labor dispute or shortage, equipment breakdown, governmental laws, ordinances, rules, regulations or rulings (whether valid or invalid), inability to obtain
equipment, components, manufacturing facilities, labor materials, or fuel, or any other similar or different contingency beyond such party’s reasonable control, or if caused by partial or complete suspension of operations at any
of such party’s facilities. In the event of delay or default in delivery of the goods caused by a contingency beyond Seller’s reasonable control, Seller shall have the right to allocate in a fair and reasonable manner among its
customers and its own requirements the available supply of Products Seller has available in inventory at the time of such contingency.
9. TITLE AND RISK OF LOSS
Title and risk of loss shall be determined in accordance with the INCOTERMS currently in effect and as referenced in Seller’s invoice to Buyer.
The Buyer shall provide and maintain insurance equal to the unpaid invoice balance of all Products sold to Buyer by Seller against loss or damages by fire, or any other causes during the time between delivery and final
payment of the outstanding invoice. To the extent permitted, Buyer shall name Seller as an additional insured under any such policies requiring any loss to be payable to both the insured and Seller.
BUYER AGREES TO INDEMNIFY, DEFEND AND HOLD SELLER HARMLESS AGAINST ALL CLAIMS, LOSSES, CAUSES OF ACTION, SUITS, JUDGMENTS, AWARDS, OR DAMAGES OF ANY
NATURE, LIABILITY AND EXPENSE (INCLUDING BUT NOT LIMITED TO ATTORNEY’S FEES AND OTHER LEGAL EXPENSES) AS A RESULT OF ANY DAMAGE TO PROPERTY OR INJURY OR
DEATH OF PERSONS (INCLUDING BUT NOT LIMITED TO BUYER’S EMPLOYEES, AGENTS, SERVANTS OR CUSTOMERS) ARISING OUT OF BUYER’S UNLOADING, STORAGE, HANDLING, USE
OR DISPOSAL OF ANY PRODUCTS SOLD TO BUYER BY SELLER, CAUSED BY BUYER’S NEGLIGENT ACTS OR OMISSIONS, STRICT LIABILITY, PRODUCTS LIABILITY, IN CONTRACT OR TORT
OR ADMIRALTY OR MARITIME CAUSE OF ACTION. IN THE EVENT SUCH LOSS OR DAMAGE IS THE RESULT OF THE JOINT NEGLIGENCE OF THE PARTIES ANY SUCH LOSS OR DAMAGE
SHALL BE PRORATED BETWEEN BUYER AND SELLER TO THE EXTENT OF EACH PARTY’S NEGLIGENCE. THIS INDEMNITY OBLIGATION OF BUYER WILL SURVIVE THE EXPIRATION,
TERMINATION OR CANCELLATION OF THESE G.T.C.S.
12. LIMITATION OF LIABILITY
THE BUYER’S EXCLUSIVE REMEDY AND SELLER’S TOTAL LIABILITY TO BUYER FOR CLAIMS FOR LOSS, DAMAGE, DEFECT OR CONTAMINATION OF ANY PRODUCT IS EXPRESSLY LIMITED
AS FOLLOWS: REPLACEMENT OF PRODUCT OR REFUND OF THE PURCHASE PRICE PAID FOR THE PRODUCT SUPPLIED PURSUANT TO THESE G.T.C.S. SUCH REMEDY FOR DAMAGES
SHALL BE AT THE SOLE OPTION OF SELLER. THE BUYER HEREBY WAIVES ALL OTHER CLAIMS BY BUYER AGAINST SELLER AND UNDER NO CIRCUMSTANCES SHALL SELLER BE LIABLE
TO BUYER FOR ANY INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES. Notification of any claim for loss, damage, defect or continuation of any Product against Seller must
be received by Seller from Buyer within sixty days from the date of delivery of goods covered by any sales invoice. Such notification must be in writing and shall specify the nature of the claim. In case of loss, damage, defect or
contamination that occurs in transit, Buyer shall also provide written notification to Seller describing the breakage or loss on carrier’s proof of delivery document signed by a representative of the carrier. Any such notification
shall also be in compliance with any required cargo insurance notification of loss procedures that may be applicable. In any event, Buyer’s failure to notify Seller in writing within the time constraints described herein shall
constitute a waiver of any such claims with respect to the Products. Seller will, under no circumstances, reimburse Buyer for loss, damage, defect or contamination of any product unless the Product is in its original container
Claims include any cause of action or suit asserting any legal, equitable, and/or admiralty or maritime causes of action (including but not limited to negligence; strict liability; tort; express or implied warranty, indemnity or
contract; contribution; or subrogation) related to or arising out of the performance or nonperformance of these G.T.C.S. or the sale of any Products purchased hereunder.
13. WARRANTY AND DISCLAIMER
Seller warrants that the goods sold under these G.T.C.S. shall conform to Seller’s sales specification, or if no specific specifications are set forth, the goods shall meet Seller’s standard specifications. Seller otherwise hereby
EXPRESSLY WAIVES ANY WARRANTY OR GUARANTY, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR THE SUITABILITY OR FITNESS FOR A PARTICULAR
USE OR PURPOSE.
All invoices issued pursuant to sales under these G.T.C.S. are payable to Seller at its Office (in Kingwood, Texas), without rebate, prior to the expiration of the terms of payment stated in the invoice. At Seller’s sole option,
Seller may agree to permit a sale to Buyer on credit for a predetermined period to accommodate Buyer’s situation and/or subordinate the fulfillment of and order in accordance with the provisions of any guarantee or prior
payment for the Products. Any dispute between Seller and Buyer under these G.T.C.S. shall not relieve Buyer of its obligation to make payment to Seller for any Products sold. In the event of the sale, transfer, hypothecation
or capital contribution of the Buyer’s business or equipment, any amounts due shall become payable immediately. In the event of partial delivery, invoices are payable under the terms and conditions stated in the invoice as
deliveries are made and not until such time as the full order has been delivered. The risk of currency fluctuation is to be borne by the Buyer. In the event Bayer fails to pay any invoice by its due date, even if partial payment
has been received, Seller will charge interest on such outstanding past due unpaid balance at the rate of eighteen percent (18%) per annum. Such interest charge shall be imposed without any prior notice to Buyer and shall
continue to be accrued until the past due balance has been paid in full.
15. CHOICE OF LAW
The validity and interpretation of these G.T.C.S. and the legal relation of the parties hereto shall be governed by the laws of the State of Oregon (without regard to principles of conflicts of law).
16. ATTORNEY’S FEES
If it becomes necessary for Seller to file suit to recover any amount due under these G.T.C.S., on the account of any breach of, or to enforce or interpret any of the covenants, terms or