<B>STANDARD TERMS AND CONDITIONS</>

<B>Price Basis</>

This is an Indian Rupee Order and Prices are firm and no escalation will be granted
on any account whatsoever.

Prices are FOR AKG Site and include suitable packing and forwarding, transportation
to site, covering transit insurance till the material / equipment is formally
received by AKG. Unloading of material / equipment will be under AKG scope.

The price mentioned in the order is firm. No other costs or charges are payable by
AKG unless there is a change in scope of supply.

Any change in statutory taxes and levies will be to AKG account.

Insurance / ESI Coverage for working personal should be provided with the
supporting document minimum 3 days before the erection and commissioning work
start. Without necessary documents the persons will not be permitted inside our
factory.

<B>Time Schedule</>

Dully signed Hard copy of order acceptance has to be submitted within 2 working
days from the receipt of order.

Time is the essence of this order and you must make special efforts to finish the
work as per agreed delivery schedule.

<B>Payment Terms</>

A mutually agreed payment terms will be followed. The Final payment shall be
released within a week’s time after receipt of user acceptance.

<B>Erection and Commissioning</>

You will do the Erection and Commissioning of the equipment at AKG free of cost.

<B>Warranty Period</>

During the warranty period (period of guarantee), you will repair or replace free
of cost any parts worn or broken as a result of faulty workmanship or material
supplied by the you. Any defects arising during the warranty period shall be set
right by you and shall enjoy a separate warranty period commencing at the time such
a product was replaced for a further period of 18 months or the original warranty
period of the equipment, whichever is later.

<B>Test Certificates</>

Supplier will submit test / inspection certificates, as applicable.

<B>Acceptance of Goods </>

The goods will be inspected at our works and we reserve the right to reject the
goods if these do not conform to the specifications mentioned in this order.
Rejected goods may be collected by supplier from our works or they will be returned
to supplier at their own risk and cost.

<B>Statutory Requirements</>
It is your responsibility to strictly follow all the statutory requirements and
prevailing rules and regulations and to pay all the taxes & duties applicable to
you, as imposed by the government authorities. AKG has no liability for any taxes
even in any future time towards this contract.

<B>Penalty for Delayed Completion</>

Penalty for delayed completion of work beyond the agreed delivery schedule will be
1% of the total order value per week or part thereof subject to a maximum of 10%.
It will be not be waived off under any circumstances

<B>Cancellation of Order </>

The order can be cancelled in whole or part if:

• The supplier fails to deliver the whole or part of the material within the
specified delivery date.

• AKG is convinced that supplier is not capable of delivering the material as per
the order.

<B>Inspection</>

AKG is free to visit your works for inspection of the Materials /

Equipment and you will make all arrangements for inspection, examination and
test to our representatives.

<B>Arbitration</>

In the event of any dispute of difference between the you and AKG India whether
arising during the execution or after the completion or abandonment of the order or
after (whether by breach or in any other manner), in regard to any matter or thing
or whatsoever nature arising out of this work or in connection therewith, then
either party shall give to other party a notice in writing of such dispute or
difference and the same shall be discussed and resolved amicably.

If not, then the dispute at the same shall be referred to a single arbitrator, to
be appointed by the Parties. All such arbitration proceedings shall be held in
Coimbatore, India in accordance with the Arbitration and Conciliation Act, 1996 as
amended from time to time.

<B>Patents</>

The supplier guarantees that the products supplied do not infringe any Indian or
Foreign Trademarks, Patents, Copyrights, Designs and supplier undertakes to
indemnify AKG from any action, judgment, decrees, cost, claims, demands and
expenses resulting from any actual or alleged infringement of the products
supplied. The supplier further undertakes to defend or assist the company at his
own expenses in any such suit or action files against the company in connection
with this purchase order.

<B>Confidentiality</>

You will not divulge technical or commercial details of this order to a third party
without our written prior permission.

<B>Acceptance of Order</>
As a token of acceptance of this order, kindly sign and return us the duplicate
copy with your signature. If we do not receive any comments to this purchase order
within 3 days of the date of this PO, it will be deemed that the supplier has
accepted the Purchase Order with all the conditions mentioned.

Receipt of any advance/any payment against this order is also treated as an

acceptance of terms and conditions of this work order.

We look forward to your fruitful association in this project.

Thanking You,

For AKG India Private Limited,

Authorized Signatory.