Standard Terms and Conditions

SUPERSEDING EFFECT
THESE STANDARD TERMS AND CONDITIONS (THE “TERMS”) OF PURCHASE SHALL APPLY WITHOUT EXCEPTION TO THE ACCOMPANYING PURCHASE ACKNOWLEDGMENT BETWEEN MOORE FANS (“MF”) AND THE BUYER IDENTIFIED ON THE ACCOMPANYING PURCHASE ACKNOWLEDGEMENT.

THE ACCOMPANYING PURCHASE ACKNOWLEDGMENT (THE “ACKNOWLEDGMENT”) AND THESE TERMS (COLLECTIVELY, THIS “AGREEMENT”) COMPRISE THE ENTIRE AGREEMENT BETWEEN THE PARTIES, AND SUPERSEDE ALL PRIOR OR CONTEMPORANEOUS UNDERSTANDINGS, AGREEMENTS, NEGOTIATIONS, REPRESENTATIONS AND WARRANTIES, AND COMMUNICATIONS, BOTH WRITTEN AND ORAL. THESE TERMS PREVAIL OVER ANY OF BUYER’S TERMS AND CONDITIONS OF PURCHASE REGARDLESS OF WHETHER OR WHEN BUYER SUBMITS OR HAS SUBMITTED ITS PURCHASE ORDER OR OTHER PURCHASE INSTRUMENT OR COMMUNICATION CONTAINING SUCH TERMS. MF EXPRESSLY REJECTS ANY OF SUCH TERMS THAT ARE IN ADDITION TO, INCONSISTENT WITH, OR DIFFERENT FROM THESE TERMS. FULFILLMENT OF BUYER’S ORDER DOES NOT CONSTITUTE ACCEPTANCE OF ANY OF BUYER’S TERMS AND CONDITIONS AND DOES NOT SERVE TO MODIFY OR AMEND THESE TERMS.

PLACEMENT OF THE ORDER SHALL CONSTITUTE BUYER’S ACCEPTANCE OF THE AGREEMENT.

TERMS OF PAYMENT
Payment in full for any purchase made hereunder is due within 30 days, or as otherwise agreed in writing, after the earliest of either the invoice date or the date on which the factory holding period begins. If payment is not made within the above times, Buyer agrees to pay a late or holding charge as hereafter set forth. For the purpose of avoiding a late or holding charge, the date of payment is the date MF actually receives payment and not the mailing date or the check date.

FACTORY HOLDING PERIOD
Orders may be held at the MF factory after the requested shipping date at the request of the Buyer. They may also be held at the discretion of MF if the Buyer’s account is overdue or if the Buyer’s credit limit, as determined in the sole discretion of MF, has been exceeded or will be exceeded by the shipment being held. The period that orders are so held shall be designated as the “Factory Holding Period”. MF will retain title of the goods during the Factory Holding Period, but will notify the Buyer that the order is being held. The holding period will begin at the requested shipping date and end upon actual shipment of the order. Buyer will pay MF a holding charge of 1% per month (12% per year), or if prohibited by law, then a charge equal to the highest lawful contract interest rate, on all sums remaining unpaid commencing 30 days after the Factory Holding Period begins and running until actual shipment of the order.

LATE AND OTHER CHARGES
Buyer will pay MF a late charge at the rate of 1% per month (12% per year), or if prohibited by law, then at the highest lawful contract rate, on all sums that remain unpaid 30 days after the earliest to occur of either the invoice date or after the end of any Factory Holding Period. Late charges and holding charges will not be applied simultaneously. Buyer also will promptly pay the reasonable attorney’s fees and all filing fees and other costs incurred by MF in enforcing its right to payment under this Agreement.

PRICE OR DISCOUNT CHANGES
The Acknowledgment must be accepted in writing by the Buyer within 30 days of the Acknowledgment date, unless otherwise stated in the Acknowledgment, in order to hold the price and any discount schedule set forth in the Acknowledgement.

CANCELLATION
Orders may be cancelled without charge only if made prior to the start of production, or when special material must be ordered, prior to the ordering of such special material. In the event that later cancellation is necessary, the cancellation charge will be determined by MF on the basis of the value of, and demand for, the parts fabricated or in fabrication and the special materials ordered.

SHIPMENT AND LIABILITY
Every effort will be made by MF to meet scheduled shipping dates; however, MF will be excused and be relieved from all liability whatsoever for delays in shipment or performance that result, in whole or in part, from strikes or other disputes with employees, shortage or delay in receipt of materials, fuel or labor, failure of carriers to provide transportation, government regulations, or any cause beyond the control of MF including but not limited to fire, flood, windstorm, war, riot, and embargoes. If any of the foregoing events occur that delay shipment or performance, the time for completion of the contract by MF shall be extended accordingly, and the Buyer shall have no right to cancel or rescind the contract by reason of any delay excusable under this paragraph. Shipping dates may be changed by the Buyer without penalty prior to the start of production. The deferral of the shipping date after the start of production will result in the order being placed in a Factory Holding Period at the time of the initial shipping date, with resulting holding charges. Unless otherwise requested, shipments will be routed by the best means known to MF. In the absence of an agreement to the contrary, orders will be shipped collect. It is suggested, however, the Buyer make arrangements with MF to prepay shipping charges to a field installation or to the Buyer. Such prepaid charges will be billed to the Buyer upon receipt by MF. It is to be understood that shipping weights may vary considerably from those published due largely to the variation in weight of the lumber used for crating. Shipping weights are subject to change without notice. Unless otherwise specified, shipment will be made F.O.B. Marceline, Missouri. Title to the product and risk of loss or damage to the product passes to the Buyer upon delivery of the product by MF to the carrier.

TAXES
Prices named herein shall be subject to an additional charge for any existing or future manufacturers, state, use or similar tax which may be applicable, and Buyer agrees to pay such additional charges.

WARRANTY
MF warrants only to Buyer, as its purchaser for resale, that the products manufactured and sold by MF to Buyer under this Agreement will be free from all defects in material and workmanship under ordinary and customary use for a period of two (2) years from the date of shipment or one (1) year from the date the fan is installed on a customer's premises, whichever occurs first. This warranty shall apply only if MF receives prompt written notice within no later than thirty (30) days after discovery of such defect, provided such defect must be identified to MF within the warranty period set forth in this Agreement. Any warranty claims made for which MF did not receive notice within 30 days shall be barred. Upon receipt of a timely notice, MF, at its option, may require Buyer to return the fan at Buyer’s cost to MF for inspection by MF. If the fan is found to be defective on inspection by MF, as a sole and exclusive remedy, MF will, at its sole option, either repair or replace the fan. This warranty shall not apply to damage resulting from repairs, alterations, or part replacements made or attempted without MF’s express prior written authorization. MF SHALL NOT BE LIABLE IN ANY EVENT FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES FOR BREACH OF THIS OR ANY WARRANTY. THIS WARRANTY IS IN LIEU OF ALL OTHER GUARANTEES OR EXPRESSED WARRANTIES AND ALL IMPLIED WARRANTIES, INCLUDING THE IMPLIED WARRANTIES OF NONINFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. BECAUSE OF THE VARIETY OF CONDITIONS UNDER WHICH THE PRODUCTS MAY BE USED, RISKS OF RESULTS OBTAINED FROM USE OF THE PRODUCTS, WHETHER USED ALONE OR IN COMBINATION WITH OTHER PRODUCTS, IS ENTIRELY BUYER’S. THE ABOVE LIMITATIONS ON DAMAGE AND EXCLUSION OR LIMITATION OF IMPLIED WARRANTIES ARE NOT APPLICABLE TO THE EXTENT PROHIBITED BY STATE LAW.

THE WARRANTIES SET FORTH IN THIS SECTION SUPERSEDE ALL OTHER REPRESENTATIONS, WARRANTIES, AND AGREEMENTS EXPRESSED OR IMPLIED, MADE BY MF AND ARE IN LIEU OF ANY OTHER WARRANTIES, WRITTEN, ORAL, EXPRESS, IMPLIED OR STATUTORY AND SUCH WARRANTIES CONSTITUTE THE ONLY WARRANTIES MADE WITH RESPECT TO THE PRODUCTS SOLD.

LIMITATION OF REMEDIES
Buyer’s sole and exclusive remedy for breach of any warranty by MF is to require it to repair any defective part or product at its existing location, or at the sole option of MF, to replace any defective part or product with all costs of shipment to be paid by the Buyer. In the event that repair or replacement is determined to be an ineffective remedy, or in the event of any breach of agreement other than a breach of warranty, Buyer’s sole and exclusive additional remedy, and the limitations of MF’s liability for breach of warranty, or of any other terms and conditions of this Agreement, is the right to recover a sum not to exceed the amount paid to MF for the defective product, provided such defective product is first returned to MF. Written notice specifying the defect must be given promptly by the Buyer, and MF shall be the sole judge in determining whether such product is defective. Buyer may not return to MF any part or product alleged to be defective without the express prior written consent of MF. Under no circumstances shall Buyer be entitled to any incidental or consequential damages as a result of any breach of warranty or other breach of this Agreement by MF. Any legal action for breach of warranty or any other provision of this Agreement must be commenced within one year after the cause of action occurs.

SECURITY INTEREST
Buyer hereby grants MF a purchase – money security interest in the products purchased hereunder to secure payment of the purchase price, and all other costs and expenses herein provided. The security interest shall terminate upon payment in full of the purchase price, and any other costs and expenses incurred. If the Buyer breaches any of its obligations to MF under the terms of this Agreement, MF shall have all of the rights of a secured party upon default of the debtor under the terms of the Missouri Uniform Commercial Code. A copy of this Agreement may be filed with the appropriate state authorities at any time after the signature of the Buyer as a financing statement in order to protect the security interest of MF.

HOLD HARMLESS
If Buyer uses any products furnished hereunder in departure from recommended performance specifications, operating conditions, or users, Buyer agrees to indemnify and hold MF harmless from and against all liability and expenses based on damage to property or injury to or death of any person arising out of or attributable to such products whether or not modified by Buyer.

EXPORT COSTS AND DOCUMENTS
Unless otherwise specifically stated, prices do not include the cost of special preparation for export, export packing, brokerage or handling charges, consular invoices, export declaration, certificates of origin, inland, ocean or air freight, bank fees or other documents, insurance in transfer or similar items and any other costs incurred for such items shall be added to the prices shown. It shall be the responsibility of Buyer to provide all import licenses, foreign exchange approvals, irrevocable letter of credit or bank draft and similar documents required in connection with the purchase, delivery and payment for the articles covered hereby. Buyer shall comply with all export and import laws of all countries involved in the sale of the products under this Agreement or any resale of the products by Buyer. Buyer assumes all responsibility for shipments of products requiring any government import clearance.

NO MODIFICATION OR WAIVER
The Terms and the Acknowledgment once they become the terms and conditions of sale may not be modified except by an agreement in writing signed by MF. Any provisions of the Agreement which are contrary to, prohibited by, or invalid under any applicable laws or regulations shall be inapplicable and deemed omitted herefrom, but shall not invalidate the remaining provisions.

GOVERNING LAW
All disputes and other matters arising out of or relating to this Agreement are governed by and construed in accordance with the internal laws of the State of Missouri. The law of the State of Missouri will be applied without giving effect to any choice or conflict of law provision or rule (whether of the State of Missouri or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than those of the State of Missouri.

SUBMISSION TO JURISDICTION
The applicable federal courts in the State of Missouri, United States of America will have exclusive jurisdiction to entertain any action arising under or in respect of this Agreement and each party hereby attorns to the jurisdiction of such court, agrees to accept service of process by mail, and waives any jurisdictional or venue defenses otherwise available. Each party to this Agreement irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action, or proceeding.

INTERPRETATION AND GOVERNANCE
This Agreement shall be interpreted in accordance with the commonly understood meaning of the English words and phrases hereof in the United States of America, and it and performance of the parties hereto shall be construed and governed according to the laws of the State of Missouri, United States of America without regard to conflicts of law principles that would provide for application of the law of a jurisdiction outside Missouri. Furthermore, the parties agree that this Agreement shall be deemed to have been executed in Missouri and that their obligations shall be deemed to be performed in Missouri. The parties agree that the United Nations Convention on Contracts for the International Sale of Goods (CISG) does not apply to these Standard Terms and Conditions or to the Agreement.