ENERAL TERMS OF SALE AND DELIVERY

1. When the buyer places an order, the buyer accepts the conditions listed below. Terms and conditions of the buyer on his business records that are contraditory shall be deemed void.

2. Prices. The selling price indicated is ex-works, and all taxes are excluded.

3. Transport. The goods are always delivered at the risk and the danger of the buyer, even in case of franco terms. It is up to the buyer to make any remedies in case of damage or loss. The vendor’s responsibility ceases on delivery to the carrier.

4. Deliveries. Delivery deadlines are indicative and are those indicated on the order confirmation or the pro forma invoice. A supplementary delay of 15 days gives no right to penalty or cancellation.

5. The vendor may suspend all or part of the delivery in the event of force majeure and/or in the event of unexpected events from its suppliers of raw materials or services. This gives buyer no right to indemnity. The same applies in case of change(s) in the legal, commercial or asset status of the buyer, or delay of payment for previous transactions.

6. Receipt of the goods. No return of goods will be accepted without the agreement of the vendor. The buyer is required to control the goods at receipt. To be valid a claim must be made by registered post within 8 days after reception of the goods. Any claim of the buyer does not relieve the buyer from the obligation to make the payments on time, nor to accept any goods ordered.

7. Conditions of payment. The order confirmation or pro forma invoice contains the authorized terms of payment. A deposit, not refundable if the buyer cancels the order, may be required when placing an order. In case of a payment delay the vendor will claim a post-maturity interest of 1.5% per month. All current debts will be immediately due and the vendor will have the right to cancel all or part of the deliveries of the defaulting buyer.

8. Cancellation of order. To be acceptable any cancellation must be made by registered post within 30 days following the date of the order. An order is considered as final and irrevocable after receipt of a written confirmation by the vendor. If a cancellation is made that does not follow time frame given above and before the delivery of the goods, the buyer must pay damages corresponding to 30% of the order amount.

9. Clause of retention of title. The property of the goods will be transferred to the buyer after the invoice has been fully paid.

10. The vendor cannot guarantee the same tint or hue of colour for each material ordered, except for articles sold in pairs, such as pairs of earrings.

11. In case of a dispute, the Court of Paris France is the sole competent court. Any sales contract is governed by the commercial law of France.