INVOICE

TERMS AND CONDITIONS

1. ACCEPTANCE 6. PATENT INFRINGEMENT

The terms and conditions set forth herein contain the sole, entire and exclusive agreement Seller agrees to defend Buyer in any suit alleging infringement by Buyer of any U.S.
between the Seller and the Buyer in this transaction superceding all prior discussions, patent, trademark, copyright or trade secret based on the manufacture and sale of the materials
proposals. negotiations, representations, and agreements. Any additional or conflicting terms, purchased by Buyer hereunder (except materials manufactured or sold by Seller in accordance
whether or not material, shall not, in any manner by implication, by waiver, or otherwise, govern with Buyer's specifications, requirements or designs) under this agreement and to indemnify
the relationship between Seller and Buyer. Any waiver, modification or amendment of these Buyer against liability for any such infringement claim, provided that Buyer notify Seller within
terms and conditions shall only be effective as against Seller if such waiver, modification or ten (10) days after receipt by it of any notice of commencement of any suit based upon such
amendment is contained in a written instrument duly executed by or on behalf of Seller. alleged infringement and provided further that Seller shall control and remain in control of any
Acceptance of this Agreement by Seller is specifically conditioned upon the terms and and all proceedings taken in defending such suit, including without limitation, utilization solely
conditions set forth herein. of counsel of Seller's own selection to defend such suit. The use of materials purchased by
2. SHIPMENTS Buyer, its subsidiaries, affiliated companies, and customers, in combination with other materials
(A) Shipment dates are based upon Seller's best judgment, are subject to production or in the operation of any process is beyond the control of Seller, and Seller shall have no
limitations and factory schedules, and hence are not guaranteed. obligation or liability whatsoever in connection with any suit claiming infringement by means of
(B) All sales, unless otherwise specified herein, are F.O.B. Seller's plant. Buyer is solely the use of such materials.
responsible for notifying the carrier as to any damage to or loss in transit of materials. 7. LIMITED AND EXCLUSIVE WARRANTY
(C) Claims for shortages shall not be accepted by Seller unless such claims are received J. Josephson warrants to the purchaser that for a period of five years after delivery our
by Seller in writing within forty-eight (48) hours after delivery of materials to Buyer and are vinyl wallcovering products will be free of manufacturing defects, will conform to our published
accompanied by a reference to Seller's shipping slip number. Seller shall be given a reasonable specifications and will not separate from backing or exhibit bleeding or staining caused by
opportunity to inspect any shipment claimed by Buyer to contain a shortage. Use of materials by defects in the products. Purchaser's sole and exclusive remedy shall be replacement of
Buyer prior to such inspection by Seller shall constitute acceptance of the materials and a waiver defective product or refund of the purchase price, at J. Josephson's option.
of all claims by Buyer. This limited warranty does not cover and expressly excludes any claim, damage, loss or
3. PRICE expense arising out of or relating to: (a) accident or vandalism; (b) abuse, misuse or
(A) All orders shall be priced in accordance with Seller's prices in effect on the date of unapproved use of the product; (c) installation contrary to the Hanging Instructions and good
shipment. installation practices; (d) mold or mildew; (e) abnormal conditions of use; (f) improper
(B) Except as set forth on the face hereof, Seller's price does not include any tax or other maintenance or failure to maintain; (g) improper storage, handling or shipment; (h) use of
charge now or hereafter imposed by law or regulation, domestic of foreign, upon any material incompatible adhesive, materials, tools or equipment; and (i) design, installation or construction
herein sold or on the production, manufacture, sale, transportation, disposal or delivery thereof. deficiencies of any kind or nature.
Accordingly, in addition to the price specified herein, the amount of any such tax or other charge THIS LIMITED WARRANTY IS THE SOLE AND EXCLUSIVE WARRANTY GIVEN BY J.
applicable to this transaction herein shall be paid by Buyer, or, in the proper governmental JOSEPHSON WITH RESPECT TO THIS PRODUCT. ALL OTHER REPRESENTATIONS AND
authority. At its option, Seller may initially pay any such tax or other charges for Buyer's account WARRANTIES, EXPRESS OR IMPLIED, ARE EXPRESSLY DISCLAIMED, INCLUDING ANY
and thereafter invoice Buyer for same. IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR
4. PAYMENT CLAIMED TO ARISE FROM COURSE OF DEALING OR USAGE AND TRADE PRACTICE.
(A) Payment for all shipments herunder shall be made by Buyer against Seller's invoice 8. LIMITATION OF DAMAGES
within thirty (30) days from the date of invoice, terms net cash, unless otherwise indicated on (A) In no event will J. Josephson be liable for indirect, consequential, special or exemplary
the face hereof. damages, whether based in contract, tort, strict liability, warranty or otherwise.
(B) If at any time, in Seller's opinion, the financial responsibility of Buyer becomes (B) In no event shall the aggregate liabilities of Seller to Buyer arising out of or relating to
impaired or unsatisfactory security before making further shipments to Buyer. the transactions, herein exceed the purchase price paid by Buyer to Seller hereunder of the
(C) In addition to any other legal remedy, if Buyer fails to fulfill the terms of payment, materials in respect of which such claim is made.
Seller may defer further delivery of goods hereunder or may, at its option, cancel all further (C) The provisions of the Seller's current Hanging Instructions are hereby incorporated by
delivery of goods hereunder or may, at its option, cancel all further delivery of goods to Buyer. reference into this agreement as if fully set forth herein. The use of goods sold to the Buyer by
(D) In the event Seller is required to commence collection action to recover unpaid the Seller is governed by all provisions of Seller's current Hanging Instructions. Buyer shall
invoices for goods sold and delivered. Seller shall be entitled to interest on the unpaid balance obtain and follow Seller's current Hanging Instructions before installing or otherwise using the
at the highest legal rate permitted from the due date of invoice, attorney's fees of 15% of the goods and shall furnish the Hanging Instructions to all other person(s) involved in installing or
amount due, and costs of suit. using the goods. Seller's warranty obligations are conditioned upon installation and use of the
5. FORCE MAJEURE goods in strict accordance with its current Hanging Instructions.
(A) Any delays in or any failure of performance or delivery by Seller shall not constitute (D) All Claims for defects hereunder must be presented to Seller in writing within ten (10)
default or give rise to any claims for damages if and to the extent caused, directly or indirectly, days after delivery to Buyer. Failure of Buyer to give such notice shall constitute a waiver by
by acts of God, acts of the Buyer, acts, rules or regulations of governmental authority (civil or Buyer of all claims in respect thereto. Seller shall have an opportunity of verifying any such
military, executive, legislative, judicial or otherwise), strikes or other concerted acts of workers, defect before materials are used by Buyer, where the defective or nonconforming materials are
lockout, labor difficulties, fires, floods, store, accident, earthquakes, tidal waves, or other natural replaced by Seller or Seller refunds the sales price received from Buyer for such materials, if
disasters, epidemics, war, riots, rebellion, sabotage, insurrection, difficulties or delays in public requested by Seller. Failure to comply with these provisions shall invalidate any claim by Buyer
transportation or in public or postal delivery services, car shortages, fuel shortages, inability to for defects in materials by Buyer.
obtain from Seller's usual sources of supply, inability to obtain suitable or sufficient energy, 9. INDEMNIFICATION
labor, machinery, facilities, supplies or materials, as when required, failure of any third party to Buyer assumes all risk and liability for loss, damages or injury to persons or to the
honor it's contractual dissimilar nature. property of the Buyer or others arising out of the use of presence of the materials purchased
(B) When any such circumstance or circumstances exist as enumerated in 5 (A). Seller hereunder. Buyer agrees to indemnify and hold harmless Seller against any liability, damages,
shall have the right, in its sole discretion to allocate its available production, deliveries, losses, costs, and expenses in connection with any suit or claim including but not limited to,
services, raw materials or other resources among any or all purchasers, as well as among any loss of use, loss of profits, damages or injuries to persons or property arising out of or
departments, divisions, subsidiaries and affiliates of Seller, upon any such basis as Seller may relating to any use of materials purchased by Buyer, Buyer's customers, or other third parties.
determine, without liability to Seller whatsoever for any failure of performance for Buyer which 10. CANCELLATION
may result therefrom. In any event, Seller may determine not to allocate any of its available Seller may cancel this Agreement at any time in the event that Buyer shall fail to perform
production, deliveries, services, raw materials or other resources to Buyer, without liability to or observe any term or condition hereof by giving Buyer ten (10) days written notice of
Buyer whatsoever for any failure to perform which may result therefrom. cancellation. Cancellation hereunder shall not prevent Seller from pursuing any other remedy
available to Seller by law or from seeking all such damages to which Seller may be entitled.
11. GENERAL
(A) Buyer shall not assign or transfer the Agreement or the benefits thereof without the
J. Josephson, Inc. prior written consent of Seller.
35 Horizon Boulevard (B) This Agreement shall be governed by and construed according to the laws of the State
of New Jersey.
South Hackensack, N.J. 07606
Tele #: 201-440-7000
Fax #: 201-440-7109
www.jjosephson.com