Specifications

8-VSB Agile Modulator Issue 1.02 December 9, 2008 Page 8 of 29
www.technalogix.ca
Terms of Payment
Seller will provide credit terms to Buyer at its discretion. Such terms are subject to
change at all times. If credit is provided, Seller will invoice Buyer on the date the product
is ordered. Such invoices will be due and payable net thirty (30) days from date of
invoice, subject to credit approval. If credit is not established or maintained, terms shall
be net cash on or prior to the Delivery Date. Seller reserves the right, at its sole
discretion at any time to revoke any credit previously extended.
Past due accounts shall be charged two percent (2%) per month, or the highest rate
permitted by Alberta law, whichever is less, and will be added to the outstanding
balance. In the event Buyer defaults on payment, Buyer shall be liable for all collection
cost, including reasonable attorney’s fees and costs.
Changes and Cancellation
Purchase orders that have been accepted by Seller may not be changed or cancelled, in
whole or in part, without written consent of Seller. All changes must be include in a
change order reflecting the purchase order number and submitted to the Seller. All other
changes will not be accepted or acknowledged. Changes may affect delivery dates.
Expenses incurred because of the changes shall be charged to the Buyer. Buyer will be
liable for Seller’s costs incurred, plus a reasonable profit, for the portion of the work
terminated, in accordance with generally accepted accounting principle, together with
cancellation charges.
Orders for standard product may be changed by Buyer, with no penalty to the Buyer,
provided that Buyer provides Technalogix notification at least 30 days prior to the
scheduled ship date. Order changes received within 30 days of the scheduled ship date
may be subject to an order change charge; a schedule detailing these charges will be
forwarded to Buyer when Buyer’s change order is acknowledged. In no event can any
aspect of the order be changed after product shipment has occurred.
Orders for custom product may be cancelled by Buyer, provided that Buyer pays Seller
for completed work allocated to Buyer’s order at the time of termination of the work at
the unit selling price and all costs, direct and indirect for work-in-progress as well as
costs resulting from cancellation and a reasonable profit therein. Specific cancellation
charges will be dependent on the type of custom product ordered; a schedule detailing
these charges will be forwarded to Buyer when Buyer’s cancellation is acknowledged.
Orders for custom product are subject to a cancellation fee of up to 100% of the order,
depending on the stage of completion of the order at the date the cancellation or revision
is accepted.