TERMS AND CONDITIONS OF SALE

1. ACCEPTANCE. Any order for the purchase of products from Philadelphia Cervical Collar Company (PCCC) shall be subject to the terms and conditions set forth herein and no additional deletions or modifications of these terms or any matter set forth on the face hereof proposed by Buyer in it's printed forms or otherwise shall bind PCCC unless accepted in writing by an officer of PCCC. Buyer understands and agrees that these terms and conditions shall apply to all orders placed at any time by Buyer including any after the order with respect to which these terms and conditions were first delivered to Buyer.
2. TITLE, RISK OF LOSS, PRICES. Terms of delivery are F.O.B. point of shipment. Risk of loss/damage and title shall pass to Buyer upon delivery of the products to the Buyer or carrier, as the case may be. Unless specifically otherwise set forth, prices do not include the cost of freight, which is for Buyer's account, or costs or charges for insurance or any production, sales, use transfer, transportation, excise or other tax, tariffs, or custom duties, and Buyer will pay directly or be charged by PCCC for all such costs and/or charges in addition to the price(s) of the products supplied hereunder and Buyer shall be obligated to pay such charges and costs on the same terms as apply to payment of the price(s) hereunder.
3. TERMS OF PAYMENT. Terms of payment, unless otherwise expressly agreed in writing are net thirty (30) days from the invoice date, in U.S. Dollars
4. REMEDIES. If Buyer fails to pay when due any amount on an invoice issued in connection with any order, fails to pay when due any amount owing to PCCC under any other contract or instrument, is in breach of any Buyer's obligation to PCCC or any division or subsidiary of PCCC, or if the financial or business condition or responsibility of the Buyer shall become impaired or unsatisfactory to PCCC, PCCC's option, to cancel the order without liability to Buyer, suspend work on the order and/or future orders and /or withhold delivery of all or part of the products subject hereto, in all cases without prejudice to any other legal or equitable remedy, until past due payments are made and satisfactory assurances of payment is received. Buyer agrees to pay PCCC the cost of collection of over due invoices, including, without limitation, attorney's fees. All amounts not paid when due shall bear interest at the lesser of eighteen percent (18.0%) per annum or at the highest rate permitted by law. PCCC retains a security interest in all goods delivered under this order to secure payment of amounts due in respect thereof hereunder, PCCC shall, in addition to the rights and remedies herein set forth, by entities to all rights and remedies provided for in the Uniform Commercial Code and other applicable law as from time to time amended, and at equity.
5. DELIVERY. PCCC is not responsible for delays in delivery on non-performance resulting from causes beyond PCCC's reasonable control. PCCC's time for delivery shall be extended by the time required to eliminate such cause for delay. IN NO EVENT SHALL PCCC BE LIABLE FOR INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES ARISING OUT OF A DELAY OR FAILURE TO DELIVER. Delivery to Buyer's designated carrier or common carrier F.O.B. point of shipment shall constitute delivery to Buyer.
6. CANCELLATION. Orders are not subject to cancellation or modification, in whole or in part, after PCCC's acceptance, except with PCCC's written consent. If Buyer cancels an order after acceptance by PCCC without PCCC's written consent, Buyer agrees to compensate PCCC for costs and any loss of profits that it may suffer as a result of cancellation.
7. TRADEMARK. Buyer acknowledges that the trademarks Philadelphia Cervical Collar, Philadelphia, Philly, 1/4", Stabilizer, A-Series, EMT's Choice, Bloc-Head, One-Piece and Flat-2-Piece are the exclusive property of PCCC.
8. LIMITED WARRANTY AND LIMITATION OF REMEDIES. PCCC MAKES NO WARRANTY WITH RESPECT TO THE PRODUCTS, EXPRESSED OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE, EXCEPT THAT PRODUCTS SOLD BY THE PCCC SHALL CONFORM TO THE PCCC'S STANDARD SPECIFICATIONS. PCCC ASSUMES NO RISK WHATSOEVER AS TO THE RESULT OF THE USE OF THE PRODUCTS PURCHASED. PCCC'S LIABILITY FOR ANY LOSS OR CLAIM INCLUDING ANY CLAIM FOR BREACH OF ANY WARRANTY, IF APPLICABLE, SHALL BE LIMITED SOLELY TO THE REPLACEMENT OF DEFECTIVE OR NONCONFORMING PRODUCTS OR, AT THE ELECTION OF THE PCCC, THE RETURN OF THE PRODUCT AND REPAYMENT OF THE PURCHASE PRICE. PCCC SHALL NOT BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES. BUYER SHALL BE LIABLE TO THE PCCC FOR ANY PRODUCT WHICH IS DAMAGED AFTER TITLE AND RISK OF LOSS PASSED TO BUYER OR FOR ANY PRODUCT TO WHICH BUYER MADE CHANGES IN FABRICATION, ASSEMBLY OR OTHERWISE. ANY COURSE OF DEALING BETWEEN PCCC AND ANY THIRD PARTY NOTWITHSTANDING ANY CLAIM WITH RESPECT TO DEFECTIVE OR NONCONFORMING PRODUCTS SHALL BE DEEMED WAIVED UNLESS PRESENTED IN WRITING TO PCCC PROMPTLY UPON DISCOVERY OF THE BASIS THEREFORE, AND IN ANY EVENT WITHIN NOT MORE THAN THIRTY (30) DAYS OF DATE OF INVOICE OF THE PRODUCT.
9. INDEMNIFICATION. PCCC is under no obligation and shall not indemnify Buyer (and its owners, directors, officers, employees, affiliates and assignees) from and against any and all losses, damages (including incidental and consequential damages), expenses (including court costs, reasonable attorney's fees, interest expense and amounts paid in compromise or settlement), suits, actions, claims, penalties, liabilities or obligations (losses) related to, caused by, arising from or on account of the PCCC's product or PCCC's actions.
10. ASSUMPTION OF RISK. Buyer expressly assumes all risk of patient infringement by reason of its use of product(s) provided hereunder in combination with other material, or in operation of any process. All used and applications made of the products are solely at Buyer's risk and Buyer assumes all risk and liability resulting from the use of the product(s) delivered hereunder, whether used singly or in combination with other product(s).
11. INSPECTION: RETURN. Buyer agrees to inspect, test and accept or reject product(s) delivered by or for PCCC within thirty (30) days after invoice date and all product(s) delivered shall be conclusively deemed accepted and to conform to contract requirements unless rejection is made or specific objection or notice of nonconformity is given in writing within such thirty (30) days period. Buyer must obtain a return goods authorization (RGA) number before returning products to PCCC. Product returned due to Buyer error, Buyer shall be charged at least fifteen percent (15%) of the product cost for handling and restocking by the PCCC.
12. LIMITATIONS OF ACTIONS. Any action for breach of contract arising out of PCCC's acceptance of Buyer's orders or products supplied by PCCC must be commenced within one (1) year of invoice date of the product in question.
13. GOVERNING LAW. The rights and obligations of the parties hereto and the construction and effect of any contract formed pursuant hereto shall be governed by the laws of the State of New Jersey.
14. ASSIGNABILITY. Buyer may not assign orders or any contracts resulting from orders, in whole or part, without PCCC's prior written consent.
15. WAIVER AND MODIFICATION. No waiver or modification of these terms and conditions shall be valid unless made in writing and signed by an officer of the PCCC. Waiver by PCCC of any breach of any of these terms and conditions shall not be construed as a wavier of any other breach.
16. ENTIRE AGREEMENT. These terms and conditions of sale comprise the entire agreement between the Buyer and PCCC as to the subject matter herein.