Terms and Conditions

WORLDCOM EXCHANGE, INC. (WEI) STANDARD TERMS AND CONDITIONS

GENERAL TERMS: The terms and conditions stated herein apply to all sales of products and/or services made by WEI regardless of any terms and conditions specified in any purchase order or agreement provided by or on behalf of the customer, and will constitute a binding agreement between the customer and WEI. WEI will not unless otherwise agreed by it in writing in a specific case, accept or be bound to any terms and conditions included in the customer’s purchase order or any additional agreements that are intended to be in addition to, or in place of, the standard terms and conditions defined herein. These terms and conditions are subject to change by WEI at any time and such changes shall apply only to orders submitted to WEI after the effective date thereof.

QUOTATIONS/PRICING: Unless otherwise stated, all WEI quotations are valid for a period of thirty (30) days from the date of quotation, but all product pricing is subject to change at any time prior to order acceptance based on manufacturer/reseller price changes, which changes shall be communicated to customer and if accepted by customer shall be reflected in the order acceptance, and if not such order shall be deemed rejected by WEI. All pricing is otherwise subject to change at any time, and WEI reserves the right to make adjustments at any time to products and services for reasons including but not limited to market changes, product discontinuation or unavailability, manufacturer’s price changes, and errors and/or omissions made in advertisements or communications sent via print or electronic formats. All orders are subject to product availability.

ORDER ACCEPTANCE: Orders shall be initiated by the customer and shall be considered accepted only when WEI has issued a written acceptance thereof, including all relevant product and service descriptions, quantity, price and payment terms, shipping and installation dates, and any other pertinent and necessary information. No modification or revision of an accepted order can be made unless specifically agreed upon in writing and signed by WEI and the customer. Once accepted, custom product orders are not cancellable.

PURCHASE ORDERS/PAYMENT TERMS/PAYMENT METHODS: Unless otherwise specified, no products shall be shipped until customer has submitted a signed purchase order, accepted by WEI. Purchase orders should be addressed with WEI as the vendor, at 43 Northwestern Drive, Salem, NH 03079. Purchase orders should reference the quote number, the product/service descriptions and quantities of product and services being ordered, the billing and shipping addresses as well as any special shipping instructions. Invoices are due and payable within the time period specified on the invoice, measured from the date of invoice, but unless otherwise stated, and subject to credit approval, payment terms are net thirty (30) days from the date of the invoice. WEI may invoice parts of an order separately. WEI accepts payment by electronic funds transfer, wire transfer, credit card (currently MasterCard, Visa and American Express), which will be subject to a 5% processing fee, as well as business check, COD (by means of certified bank check, money order or certified funds). Payment of any additional charges incurred for COD shipment by carrier will be the customer’s sole responsibility. Any returned check will incur a return check fee (currently $25).

WARRANTY – NEW EQUIPMENT: WEI sells but does not manufacture computer and related equipment. WEI therefore does not itself provide, and hereby expressly excludes and disclaims, any warranties as to new equipment sold by it, but will assist customer in obtaining the benefit of all manufacturer/reseller warranties for such items. For this purpose, WEI shall assign to customer all transferable original manufacturer/authorized reseller warranties applicable to new equipment sold by WEI.

WARRANTY – RECONDITIONED EQUIPMENT: WEI hereby warrants that all previously-owned equipment reconditioned and sold by WEI (“Reconditioned Equipment”), subject to any separate written warranty or warranty exclusion/limitation applicable to and provided with any specific item of Reconditioned Equipment, shall (a) be free from defects in materials or workmanship under normal and proper use, service and operating conditions in accordance with applicable user documentations, (b) conform to any written specifications contained or referred to in WEI’s order acceptance, and (c) be in a condition eligible for any available manufacturer support/maintenance under separate contract with such manufacturer.

INSPECTION AND ACCEPTANCE OF GOODS: Unless otherwise agreed in writing in specific cases, all goods and services provided by WEI shall be inspected, accepted or rejected by customer within three (3) business days of delivery to customer’s facility, or substantial completion (in the case of services). If not rejected by written notice to WEI within such period all goods and services shall be deemed accepted for all purposes, including customer’s warranty remedies.

WARRANTY – EXCLUSIONS/LIMITATIONS: WEI shall under no circumstances be liable or responsible for:

External Problems – Adjustments, replacements or repair, or increases in service time, caused by electrical, communications or other connections or other sources external to WEI supplied items.

Limited Life Suppliers/Parts – Repairs or replacement of consumable supplies or parts which have reached the end of their useful life.

Accident/Misuse – Any equipment or related items which malfunction, or are damaged by reason of accident, misuse or use in conjunction with incompatible equipment or systems.

UNLESS OTHERWISE SEPARATELY AGREED TO BY WEI WITH RESPECT TO PARTICULAR ITEMS OF EQUIPMENT, THE WARRANTY STATED HEREIN IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND CONSTITUTES THE ONLY WARRANTY MADE BY WEI WITH RESPECT TO ANY EQUIPMENT SOLD OR SUPPLIED BY IT. WEI SPECIFICALLY DOES NOT WARRANT AGAINST OR ASSUME ANY LIABILITY FOR PATENT, TRADEMARK OR OTHER INFRINGEMENT BY ANY PRODUCTS MANUFACTURED BY A THIRD PARTY.

REMEDIES/LIMITATION OF LIABILITY: Customer’s sole remedy for non-conforming equipment or other goods sold or supplied by WEI shall be:

In case of new equipment, exercise of available rights and remedies against the manufacturer and/or authorized reseller (other than WEI) under the applicable warranty or applicable law.

In the case of Reconditioned Equipment properly not accepted by customer, at WEI’s option, refund, repair, or replacement, but if any repair or replacement shall not be effected in a timely manner, customer shall have the right to a refund of the price paid for those items properly not accepted by it. In the case of Reconditioned Equipment initially accepted by customer, customer’s remedy for breach of any applicable warranty of WEI shall be limited to repair or replacement, unless WEI in its discretion shall elect to issue a refund therefor.

The foregoing remedies shall be exclusive of all others against WEI, whether existing by law, regulation or otherwise. The duration of any warranty on new equipment shall be as provided in the applicable manufacturer or reseller warranty, and the duration of the warranty on any Reconditioned Equipment or services by WEI shall, unless otherwise provided in the relevant order acceptance, be a period ending 30 days after delivery of the relevant item of equipment, or substantial completion of the relevant service. Such service, replacement or repair will be made at WEI’s facility, or at WEI’s sole discretion at the customer’s site. Transportation charges covering any defective Reconditioned Equipment, component or part returned shall be paid by WEI; however, transportation charges covering any Reconditioned Equipment, component or part returned which proves not to be defective shall be paid by customer.

DEFAULT/SECURITY INTEREST/FINANCIAL RESPONSIBILITY: If customer fails to pay any amount when due in accordance with the terms of the invoice, including amounts payable in installments, the entire balance will at WEI’s option become immediately due and payable. Any payments not paid when due shall bear interest at a rate of 18% per annum, or if less at the highest rate permitted by law. WEI retains a purchase money security interest in each product to secure payment of the purchase price therefor and any related charges payable by the customer. Customer hereby appoints WEI as its attorney in fact and is authorized to execute and file such further documents, including financing statements, as may be necessary to perfect the security interest granted hereby. If in WEI’s judgment customer’s financial condition compromises its ability to make timely payment of any accepted order or issued invoice, WEI may cancel or postpone the delivery of products and/or services and may require full or partial advance payment or letter of credit or other payment assurance to release such products and/or services and any future orders.

THE LIABILITY, IF ANY, OF WEI FROM ANY CAUSE WHATSOEVER TO CUSTOMER RELATED TO ANY PRODUCT OR SERVICE SHALL IN NO EVENT EXCEED THE AMOUNT ACTUALLY PAID TO WEI BY CUSTOMER FOR SUCH PRODUCT OR SERVICE. FURTHER, IN NO EVENT SHALL WEI BE LIABLE FOR INCIDENTAL, SPECIAL, PUNITIVE, STATUTORILY-MULTIPLIED OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING FOR LOST PROFITS, BUSINESS OPPORTUNITIES OR DAMAGE TO REPUTATION OR GOODWILL,WHETHER OR NOT WEI HAS NOTICE OF THE LIKELIHOOD OF ANY SUCH DAMAGES. WEI SHALL NOT BE LIABLE FOR ANY PENALTIES FOR DELAY IN SHIPMENT, DELIVERY OR INSTALLATION OR FAILURE TO GIVE NOTICE OF SUCH DELAY.

INSTALLATION: Any installation services shall be contracted separately with WEI, and shall be performed during normal business hours, unless otherwise agreed. Customer shall make all necessary arrangements to allow WEI personnel sufficient work space and access to the installation location(s) and appropriate customer personnel. Customer shall provide on a timely basis all facilities, supplies, technical and administrative support required for the successful installation of all products and the provision of all WEI services so as not to cause delay or added expense to WEI. Where applicable, WEI shall connect equipment to existing lines, but WEI shall not be responsible for the installation or performance of communications lines and equipment not supplied by it. WEI shall not unless otherwise specifically agreed in writing be responsible for integrating products with any other products not supplied by WEI. Customer shall be responsible for providing an environment suitable to the proper installation and operation of all products provided and/or installed by WEI, including without limitation the presence of adequate sources of power, light, surge suppression, climate control, security, consumable supplies and compatible systems. If customer’s site is not appropriate for the installation of any items, WEI may, at its option, reschedule the installation as necessary to assure that the site is suitable for such installation.

CANCELLATIONS AND/OR RETURNS: All returns must be pre-authorized by WEI prior to being received by any WEI representative or at any WEI facility. All return approvals are conditional until product has been received and inspected by WEI. Any product received without a valid pre-authorized WEI RMA number will be refused. All unopened, non-customized product conditionally approved for return must be received into WEI’s warehouse within ten (10) calendar days from the date the product return is authorized by WEI. All opened product returns must be approved by manufacturer/reseller prior to WEI pre-authorizing the return, and will be done on an exception-only basis. If approved, product must be received into WEI’s warehouse within ten (10) calendar days from the date the product return is authorized by WEI. All approved, non-defective returns may be subject to a 25% restocking fee. All other returns are subject to the manufacturer’s policies and warranties. All product orders may be cancelled up until order acceptance confirmation has been sent by WEI. If ordering customized product, once product has been configured to customer’s specifications it is no longer returnable. Cancellation of contracted services must be provided in writing fourteen (14) days prior to the scheduled service/install date, and should not be considered accepted until written confirmation has been provided by WEI. Customer will be responsible for any fees or expenses incurred for services rendered up until the date of.

DISPUTE RESOLUTION/LEGAL PROCEEDINGS: All matters related to WEI’s relationship with customer, including any agreements between them and any controversy concerning goods or services purchased from and provided by WEI shall be governed by the laws of the state of New Hampshire applicable to contracts made and to be performed therein, and any lawsuit related in any way thereto may be brought by customer only in the state or federal courts located in Concord or Salem, New Hampshire, and each party agrees where necessary to accept service of process in any such action by mail in lieu of personal service. WEI and customer each shall pay their own legal fees and other expenses in connection with any such proceeding, except that in the event of a payment default by customer, customer agrees to pay WEI cost of collection, including any attorneys’ fees or costs incurred by WEI. The fact, substance and resolution of any dispute hereunder shall be kept confidential by all parties to the greatest extent practicable. For more information, read the full Dispute Resolution Policy.

SALES/USE TAXES/SHIPPING/DELIVERY DATE: Customer is responsible for all sales, VAT, or related taxes applicable to the purchase of WEI products and services, including support and maintenance contracts where applicable. WEI will add such taxes to the invoice and customer will be responsible for payment of such taxes, unless customer provides a valid exemption certificate or other document acceptable to the authority imposing the tax. Unless otherwise specified, all products will be shipped F.O.B. from WEI’s facility by whatever means and carrier WEI deems the most appropriate method of transportation. Shipping costs will be incurred by the customer for any products shipped via commercial carrier, courier, USPS, or delivered by WEI. Risk of loss is transferred to the customer once the product has been transferred to the designated carrier for shipment. Unless otherwise stated, quoted prices do not include freight and insurance charges, which shall be payable by customer. All delivery dates are estimated, and therefore are not guaranteed. WEI shall not be liable for a failure or delay in shipment as such.

FORCE MAJEURE: WEI shall not be liable for delivery delays or service interruptions which result from circumstances beyond its control such as fire, flooding, power outages, labor issues, acts of insurgence, war or terrorism, acts of God or acts by government agencies, or carrier delays.

SUBCONTRACTORS: WEI may perform certain services by the use of independent contractors, which shall be selected and supervised with reasonable care and for which WEI shall be liable to the same extent as its own employees.