HighPerformanceBatterySystems

General terms and conditions of purchasing of AKASOL AG

General terms and conditions of purchasing of AKASOL AG

1. General – Scope1.1 TheseGeneralTermsandConditionsofPurchasingshallapplytoanydeliveryorservice(hereinaftergenerally referredtoas“Deliveries”)providedbyanyseller,workcontractor,orpartyobligatedtoperformservices(hereinafter generallyreferredtoas“Supplier”)forAKASOLAG.1.2 OurTermsandConditionsofPurchasingshallbeapplicableonanexclusivebasis;weshallnotrecognizeanySupplier termsandconditionsconflictingwithordifferingfromourTermsandConditionsofPurchasingunlesswehave expresslyagreedinwritingtothevalidityofanysuchSuppliertermsandconditions.OurTermsandConditionsof Purchasingshallalsobeapplicablewhenweacceptdeliveryfromthesupplierwithoutreservationwhilebeingaware ofSuppliertermsandconditionsconflictingwithordivergingfromourTermsandConditionsofPurchasing.1.3 OurTermsandConditionsshallnotbeapplicableunlesstoentrepreneurs,legalentitiesunderpubliclaworspecial fundsunderpubliclawasdefinedinSection310,Subsection1oftheGermanCivilCode(BGB).1.4 OurTermsandConditionsofPurchasingshallalsoapplyasaframeworkagreementtoanyfuturecontractonany deliverymadebythesameSupplierwithoutrequiringustorefertosuchframeworkagreementineverysinglecase again.1.5 AnyindividualagreementmadewiththeSupplierinaparticularcase(includinganysubsidiaryagreement, supplementormodification)shalltakeprecedenceovertheseGeneralTermsandConditionsofPurchasinginevery case.Thecontentsofanysuchagreementshallbesubjecttoawrittencontractorwrittenconfirmationissuedbyus.1.6 Nolegallyrelevantrepresentationornotification(e.g.,noticetosetdeadlines,reminder,noticeofrescission)tobe furnishedbytheSuppliertousaftertheconclusionofthecontractshallbeeffectiveunlessmadeinawrittenform.

2. Offers, quotations and tender documents2.1 NoordershallbebroughtaboutunlessbyourwrittenpurchaseorderandbytheSupplier’sacceptancethereof. WeshallbeentitledtocancelanypurchaseorderunlessacknowledgedbytheSupplierwithinfivebusinessdays.2.2 Weshallreservetitletoownershipand,whereanysuchdocumentiseligibleforcopyright,thecopyrightinany illustratedmatter,drawing,calculationorotherdocument;nosuchillustratedmatter,drawing,calculationorother documentmaybemadeavailabletoanythirdpartywithoutourexpresswrittenconsent.Nosuchdocumentshallbe usedunlessexclusivelyforthepurposesasdefinedinourpurchaseorder;anysuchdocumentshallbereturnedtous uponawrittenrequestbutnotlater,andthenwithoutanyrequest,afterhavingprocessedthepurchaseorder.Any suchdocumentshallbekeptsecretfromanythirdparty,and,insuchrespect,shallbesubjecttothesupplementary provisionssetforthinitems11.4and11.5below.TheSuppliershallhavenoretaininglientoanysuchdocument.

3. Prices – terms of payment3.1 Thepriceindicatedinthepurchaseordershallbebinding.Unlessexpresslyagreedotherwiseinwriting,theprice shallcoverdelivery“francodomicile”includingpackaging.PackagingmaterialshallbetakenbackbytheSupplier uponourrequest.Unlessasotherwiseagreedinwritingandrestrictedtoaparticularcase,thepriceshallalsocover everyserviceandincidentalservicetobeprovidedbytheSupplier(e.g.,erection,installation)andeveryincidental expense(e.g.,transportcostsincludinganytransportandliabilityinsurance).3.2 Noinvoicemaybeprocessedbyusunlesssuchinvoiceshows,amongotherinformation,thepurchaseordernumber asspecifiedinourcorrespondingpurchaseorder;theSuppliershallassumeresponsibilityforeveryconsequence resultingfromanyfailuretocomplywithsuchobligationunlesstheSupplierprovesthatheorsheisnotresponsible forsuchconsequence.3.3 Unlessasotherwiseagreedinwriting,weshallpaythepriceeitherapplyinga3%cashdiscountwithinaperiodof 14daysafterdeliveryandthereceiptofaproperandverifiableinvoice,ornetwithinaperiodof30daysafterinvoice receipt.3.4 Weshallbeentitledtosetoffandtoaretaininglientotheextentasdefinedbystatutoryprovisions.Weshallbe entitled,inparticular,toretainpaymentsdueaslongaswestillhaveanyclaimagainstthesupplierresultingfrom anyincompleteorunsatisfactoryservice.3.5 Norighttoset-offand/orretentionshallbeavailabletotheSupplierunlessforcounterclaimswhicharerecognized bydeclaratoryjudgment,uncontestedorreadyforadecisioninanyproceedingspendingincourt.3.6 TheSuppliershallnotbeentitledtoassignanyclaimresultingfromthiscontractualrelationshiptoanythirdparty. Theforegoingshallnotapplyifandwheremonetaryclaimsareconcerned.

4. Delivery period4.1 Thedeliverydateindicatedinthepurchaseordershallbebinding.4.2 TheSuppliershallagreetoinformusinwritingandwithnodelaywhenevercircumstancesoccurorbecomeapparent totheSupplier,indicatingthattheagreeddeliverytimecannotbemet.Nonetheless,theforegoingshallnotaffectthe Supplier’sresponsibilitytoobservetheagreeddeliveryperiod.4.3 Intheeventofanydelayindelivery,weshallbeentitledtothestatutoryclaims.Theprovisiondefinedinitem4.4shall remainunaffected.

Status:June20182

4.4 TheSuppliershallbeobligatedtopayapenaltyiftheSupplierexceedsthedeliverydate.Suchpenaltyshallamount to0.3%perbusinessdayofdelaybutshallnotexceedatotalof5%oftheoverallnetremunerationamount.Weshall beentitledtoclaimsuchpenaltyuntilthedateoffinalpaymenteventhoughwemaynothaveexpresslyreservedsuch rightatthetimeofreceivinganylatedelivery.Neithertheforegoingagreementonpenalty,northeassertionofsuch penaltyshallaffectanystatutoryclaimtowhichwemaybeentitledfordelay.

5. Transfer of risk – documents – force majeure – termination5.1 Deliveryshallbemade“francodomicile”totheplaceasindicatedinourpurchaseorder.Ifnoship-tolocationis indicatedandunlessasagreedotherwise,deliveryshallbemadetoourplaceofbusiness.Thecorresponding ship-tolocationshallalsobetheplaceofperformance.Ifacceptancehasbeenagreed,thetransferofriskshall besubjecttosuchacceptance.5.2 Thedeliveryshallbeaccompaniedbyadeliverynoteinaccordancewith§14oftheGermanValueAddedTaxAct indicating,amongotherinformation,thedate(issueandshipment),thecontentsshipped(articlenumberandquantity) andourpurchaseorderidentifier(dateandnumber).Ifadeliverynoteiseithermissingorincomplete,weshallnot assumeliabilityforanydelayinprocessingandpaymentresultingtherefrom.5.3 Weshallbeentitledtorequestthatdeliverybemade,eitherfullyorinpart,atareasonablelatertimewithoutentitling theSuppliertoraiseanyclaimagainstusforsuchreasonifandwhereanyfailuretotakedeliveryorgrantacceptance onoursideiscausedbyforcemajeure,industrialactionorbyanyothereventbeyondoursphereofinfluence. Notwithstandingtheforegoing,everycontractingpartyshallbeentitledtorescindthecontractifsuchextension exceedsaperiodofsixmonths.Nocontractingpartymayassertanyclaimwhatsoeveragainsttheothercontracting partyinsuchaneventeither.5.4 Theunderlyingcontractmaybeterminatedforgoodcausebyeithercontractingpartywithoutobservinganyperiod ofnotice.Agoodcauseshallbedeemedtoexistbutshallnotbelimitedtoanyexistingfactunderwhichtheparty givingnoticetoterminate,consideringallcircumstancesonasingle-casebasisandbalancingtheinterestsofthe contractingparties,maynotbereasonablyexpectedtocontinuesuchcontract.

6. Liability for defects6.1 Whereapplicable,thecommercialdutytoexamineandobjecttodefectsshallbesubjecttothestatutoryprovisions (§377oftheGermanCodeofCommerce,HGB)withthefollowingproviso:Ourdutytoexamineshallberestrictedto anydeficiencywhichbecomesopenlyevidentinourcompany(e.g.,damageintransit,wrongorshortdelivery).Noduty toexamineshallexistifandwhereacceptancehasbeenagreedupon.Inotherrespects,suchdutyshalldependon whetheranexaminationisexpedientinthepropercourseofbusinesswhenconsideringthecircumstancesofthe individualcaseconcerned.Ourobligationtolodgecomplaintsforanydeficiencydetectedatalatertimeshallremain unaffected.Ineverycase,ourcomplaint(defectnotice)shallbedeemedimmediateandtimelyifissuedwithin 10businessdays.6.2 Weshallbeentitledtostatutoryclaimsbasedondefectswithoutanyreduction;irrespectivelyoftheforegoing,we shallbeentitledtorequesttheSupplier,atouroption,toprovideeitherdefectcorrectionorreplacement.Insuch event,thesuppliershallagreetobeareveryexpenditurerequiredtoprovidesuchdefectcorrectionorreplacement. Weshallexpresslyreservetherighttoreceivecompensationindamagesincludingbutnotlimitedtodamagesfor non-performance.6.3 Theperiodofprescriptionapplicabletoclaimsbasedondefectsshallbethirty-six(36)monthscalculatedfromthe transferofrisk.6.4 TheSuppliershallperformapre-deliveryinspectionwhichservesthesamepurposeastheincominginspection actuallyrequiredbyusinaccordancewith§377oftheGermanCommercialCode.6.5 Therunningoftheperiodofprescriptionshallbesuspendeduponthereceiptofourwrittennoticeofdefectbythe Supplier.Intheeventofreplacementordefectcorrection,theperiodofprescriptionshallrestartforanypartreplaced orreworkedunlesstheSupplier’sconductmakesusassumethattheSupplierdidnotfeelobligatedtobutrather madeanysuchreplacementordefectcorrectiononlyasagestureofgoodwillorforanysimilarreason.

7. Services provided under a contract for work7.1 Anyservicesprovidedunderacontractforworkshallbesubjecttoourformalacceptance.Thesuppliershallnotify readinessforacceptancetousinwritingandingoodtime.7.2 Anyimpliedacceptanceorfictitiousacceptanceshallbeexcluded.

8. Miscellaneous rights and obligations8.1 WeshallbeentitledtorequesttheSuppliertomaketechnicalmodificationstodeliveriesatanytime.Insuchanevent, theSupplier,uponawrittenrequest,shallnotifyusinwritingandnotlaterthanwithin10daysaboutanyconsequence thereofintermsoftechnology,content,costortime.TheSuppliershallagreetomakeacorrespondingwritten amendmentagreementbycommonconsentwithus.TheSuppliershallnotbeobligatedandentitledtomakethe modificationsrequestedunlessafterhavingconcludedsuchanamendmentagreement.8.2 Afterpreviouswrittennotification,weshallbeentitledtoobservetheprogressofworkhereunderandobtain informationaboutthestatusofworkattheSupplier’sfacilitiesduringnormalbusinesshours.Weshallalsobe entitledtohavesuchrightexertedbyathird-partyexpertinaccordancewiththefirstsentence.

Status:June2018 3

8.3 TheSuppliershallagreetoobserveallpertinentstatutoryprovisionswithregardtothecontract’ssubjectmatter, includingbutnotlimitedtothoseapplicableinthecorrespondingcountryofdestination.8.4 TheSuppliershallnotbeentitledtoawardanydeliveryorderedbyustoanythirdpartywithinthescopeofany subcontractorupstreamsupplieragreementunlessafteranexpresspriorconsenthasbeengrantedinwritingbyus.8.5 TheSuppliershallnotbeentitledtopublishourcorporatenameontheSupplier’scustomerreferencelistunlesswith anexpresspriorconsentgrantedinwritingbyus.

9. Product warranty – indemnity – liability insurance cover9.1 WheretheSupplierisresponsibleforanyproductdamage,theSuppliershallbeobligatedtoindemnifyusagainstany third-partydamageclaimuponfirstdemandtotheextentsuchclaimiscausedwithintheSupplier’sscopeofcontrol andorganisation,andwheretheSupplierisliableitselfinrelationtothirdparties.9.2 WithinthescopeoftheSupplier’sliabilityforanycaseofdamagepursuanttoitem9.1,theSuppliershallalsobe obligatedtoreimburseanyexpenditurewhichisincurredfororinconnectionwithanyrecallactionmadeeitherbyus orbyourcustomer.Asfaraspossibleandreasonable,weshallnotifytheSupplierofthecontentsandextentofany recallactiontobeconducted,andprovideanopportunityfortheSuppliertomakeastatement.Otherstatutoryclaims shallremainunaffected.9.3 TheSuppliershallagreetokeepupaproductliabilityinsuranceprovidingforanadequateamountofcoverageofnot lessthanEUR10milliontocoverpersonalinjury/propertydamageonalump-sumbasis;anyfurtherdamageclaimto whichwemaybeentitledshallremainunaffected.Uponrequest,theSuppliershallprovideevidenceforsuch insurancecoveragewithoutdelay.

10. Industrial property rights10.1 TheSuppliershallagreetoensurethatnothird-partyrightwillbeinfringedinrelationwiththeSupplier’sdelivery.10.2Ifathirdpartylodgesanyclaimagainstusinthisrespect,theSuppliershallbeobligatedtoindemnifyusagainstany suchclaimuponthefirstwrittenrequest;theforegoingshallnotapplyifsuchinfringementofanythird-partyrightis beyondtheSupplier’scontrol.Intheeventofsuchindemnity,weshallnotbeentitledtomakeanyagreementwithsuch thirdparty,includingbutnotlimitedtotheconclusionofanycompromisesettlement,unlesswiththeSupplier’s consent.10.3TheSupplier’sindemnificationdutyshallrelatetoanyexpenditure,lossordamagewhichweincurandwhichis necessarilydueorrelatedtoanyclaimlodgedagainstusbyanythirdparty.10.4Theperiodofprescriptionshallbe36months,startinguponthetransferofrisk.

11. Reservation of title – provision of material – secrecy – subcontractors11.1 Ifanyitemprovidedbyusisinseparablymixedwithotheritemswhichdonotbelongtous,weshallacquire co-ownershipinthenewitemattheratioofthevalueoftheitemsubjecttoretentionoftitle(purchasepriceplus value-addedtax)totheothermixeditemsatthetimeofmixing.IfmixingisdoneinsuchamannerthattheSupplier’s itemistobeconsideredthemainitem,itshallbedeemedagreedthattheSupplierassignsproportionalco-ownership tous;theSuppliershallsafeguardthesoleownershiporco-ownershiponourbehalf.11.2 Whereoursecurityrights,towhichweareentitledunderthisSection,exceedbymorethan10%thepurchasepriceof allourgoodsasyetunpaidandsubjecttoretentionoftitle,weshallbeobligatedtoreleasethesecurityrightsatour optionupontheSupplier’srequest.11.3 Anytool,jigormodel,whichwemakeavailabletotheSupplier,orwhichismanufacturedforthepurposeofthe contractandinvoicedtousbytheSupplieronaseparatebasis,shalleitherremainourpropertyorshallbecomeour property.TheSuppliershallmarkansuchobjectasourproperty,keepitinsafecustody,protectitfromanydamage whatsoever,andnotuseitunlessforthepurposeofthecontract.TheSuppliershallagreetosurrendertheseobjects inaproperconditiontousuponrequest;theSuppliershallhavenoretaininglieninanysuchobject.11.4 TheSuppliershallagreetostrictlymaintainthesecrecyofanyillustratedmatter,drawing,calculation,oranyother documentandinformationreceivedfromus;thesameshallapplytoallourtradeandindustrialsecrets.Nosuch informationmustbedisclosedtoanythirdpartyunlesswithourexpressconsent.Suchobligationofsecrecyshall survivetheterminationofthisagreement;itshallexpirewhenandwherethemanufacturingknow-howincludedin anysuchillustratedmatter,drawing,calculationorotherdocumenttransferredforusehasbecomeknowntothe generalpublic.11.5 TheSuppliershallagreetotreatanycommercialortechnicaldetail,whichconcernsthecontractconcludedwithus orisrelatedtoitsperformance,asbusinesssecretorcorporatesecret.TheSuppliershallalsobeboundtosecrecy aboutthebusinessrelationwithus.Anyexceptiontotheforegoingshallbesubjecttoourpriorwrittenconsent.11.6 BoththeSupplierandweshallbeentitledtorecordandstorethedataofthecorrespondingotherpartyincluding everysinglecontractwhilehavingtoobservetheapplicableprovisionsofdataprivacyprotectionineverycase.11.7 TheSuppliershallnotbeentitledtohavetheserviceduetousperformedbyanythirdparty(e.g.,subcontractor) unlesswithourpriorwrittenconsent.Intheeventthatanysuchadmissibleawardismade,suchthirdpartyshallbe boundtoobservesecrecyinwritingbytheSupplierasdefinedinitem9hereinabove;theSuppliershallforwardacopy ofsuchnon-disclosureagreementtousuponrequest.

Status:June20184

12. Spare parts12.1 TheSuppliershallbeobligatedtokeepsparepartsfortheproductsdeliveredtousavailableinasufficientquantity foraperiodofnotlessthan15yearsafterdelivery.12.2IftheSupplierintendstodiscontinuetheproductionofanysparepartforanyproductdeliveredtous,theSupplier shallnotifyusaboutsuchcircumstanceinwritingimmediatelyafteradoptingthedecisiononsuchdiscontinuance. Subjecttoitem12.1above,suchdecisionmustbetakenatleast12monthsbeforeproductionisdiscontinued.

13. Minimum wage13.1 TheSuppliershallagreetopaynotlessthantheminimumwageasdefinedbytheGermanminimumwagesactof 11August2014tothoseofitsemployeeswhoareappointedforperformingthedeliveriesorderedpursuanttothe underlyingcontract.TheSuppliershallindemnifyusagainstanyclaimallegedintheeventthatanyinfringementof theprovisionssetforthintheGermanminimumwagesactiscommittedbytheSupplierorbyanyofits subcontractors.13.2Notwithstandinganyotherrighttoterminateorrescindanycontractoragreement,weshallbeentitledtorescind orterminatethecontractwithimmediateeffectiftheSupplierand/oranyoftheSupplier’ssubcontractorsculpably infringeuponanyoftheforegoingprovisionsorupontheGermanminimumwagesactdated11August2014.The Suppliershallagreetocompensateanylossordamageincurredbyusasaconsequenceofsuchrescissionor termination.AnyclaimoftheSupplierfornon-performanceshallbeexcluded.Inotherrespectstheconsequences ofrescissionandterminationshallbegovernedbythestatutoryprovisions.13.3WeshallbeentitledtorequiretheSuppliertosubmitawrittenconfirmationforthepaymentoftheminimumwage, andrequiretheSuppliertofurnishsuitableproofforverifyingcompliancewiththisSection13,includingbutnot limitedtoaminimumwagedeclarationfromtheSupplier’semployees,confirmationsissuedbyataxconsultantor acharteredaccountantoftheSupplier,etc.

14. Place of jurisdiction – place of performance14.1 TheseTermsandConditionsofPurchasingandeverylegalrelationshipbetweenusandtheSuppliershallbegoverned bythelawsoftheFederalRepublicofGermany,excludingtheUNSalesConvention.14.2IftheSupplierisamerchant,alegalentityunderpubliclaworaspecialfundunderpubliclaw,ourplaceofbusiness shallbetheexclusiveplaceofjurisdictionforanydisputewhichmayariseinrelationwiththecontractualrelationship. Butweshallalsobeentitledtobringaction,atouroption,attheplaceofperformanceapplicabletothedelivery commitment,orattheSupplier’splaceofbusiness.

Status:June2018 5

AKASOL – A SUCCESS STORY.MORETHAN25YEARSOFEXPERIENCEWITHHIGHPERFORMANCEBATTERYSYSTEMSMADEINGERMANY.

AKASOL AG,Landwehrstraße55,64293Darmstadt/Germany,phone+496151800500,info@akasol.com,www.akasol.com