Quotations&Orders;

1. Quotation is in USD otherwise indicated and is based on information provided to American Applied Materials Corporation at time of quotation, i.e. magnets’ materials, grade, shape, dimension, magnetization direction, etc. Purchaser has the responsibility to confirm that all claimed information is accurate.

2. Orders are not considered accepted without confirmation from both Purchaser and American Applied Materials Corporation. Purchase Order issue by Purchaser is considered confirmation from purchaser. Invoice or Proforma Invoice is considered confirmation from American Applied Materials.

Payment

3. Payment is to be made in USD per the price and terms of quotation and unless otherwise claimed is 100% due at time of order.

4. American Applied Materials Corporation is entitled to recover on all overdue payments as indicated on payment terms at the highest interest allowed by law.

5. Credit card payment can be accepted at the sole discretion of American Applied Materials Corporation, for amount lower than or equals $5,000 and are entitled to on extra fee in the amount of 3% of total amount of the purchase.

Cancellation

6. Cancellation charges of 10% or $200 (Whichever is greater) will apply to orders cancelled in writing within 48 hours of placing the order. After 48 hours, the order cannot be cancelled.

Delivery

7. Purchaser must make arrangements to properly receive, and if necessary, store the goods. If Purchaser refuses or fails to take delivery of the goods, they shall still be deemed to have been delivered and American Applied Materials Corporation shall be entitled to arrange storage either at its own premises or elsewhere on Purchaser’s behalf and at Purchaser’s risk and expense, subject to Item 8 below.

8. Any transportation, unloading, reloading, storage or other fees incurred by American Applied Materials Corporation as a result of Purchaser’s inability to take delivery of goods for any reason shall be the responsibility of the purchaser and shall be charged back to Purchaser at actual cost (inclusive of legal expenses) plus 10%, and shall be due immediately.

9. Shipment must be checked upon arrival for shortages or damages in transit, with any reports of shortages or damages needed to be reported in writing to American Applied Materials Corporation in 2 business days of receipt of goods.

10. Shipping lead times provided by American Applied Materials Corporation at time of quotation and subsequently at order confirmation are based on many factors, some of which are out of the direct control of American Applied Materials Corporation and as such are subject to change. Under no circumstances shall American Applied Materials Corporation be held liable for consequential or other direct or indirect damages or loss suffered by Purchaser as a result of American Applied Materials Corporation inability to meet the expected shipping lead times stated, nor for any delays which occur during transportation.

Warranty

11. American Applied Materials Corporation warrants to Purchaser that at the time of delivery, the goods sold hereunder will substantially conform to the product description and be free of defects in workmanship and/or material based on American Applied Materials Corporation’s Order Acknowledgement and current Warranty Statement. Other warranties may be available for an additional cost with additional coverage and/or labor allowance included.

12. Purchaser is responsible for any and all costs involved to service and/or replace defective goods including labor, shipping, and rental of equipment.

Return&Refund;

13. If there is a quality dispute over specific products between American Applied Materials Corporation and Purchaser, customer can return the products to American Applied Materials Corporation facility after confirmation with American Applied Materials Corporation’s personnel.

Miscellaneous

14. No modifications to any terms contained herein shall be allowed unless confirmed in writing by an officer of American Applied Materials Corporation.

15. American Applied Materials Corporation will not accept any back charges, non-payments or liquidated damages for any reason.

16. Goods will be invoiced immediately upon shipment.

17. Purchaser shall reimburse American Applied Materials Corporation for all costs and expenses (including legal costs) incurred in the defense of American Applied Materials Corporation rights as outlined and defined in this document.