Terms and Conditions of Sale

1. Acceptance Governing Provisions

These General Terms and Conditions of Sale (the "Conditions") shall govern all orders for and purchases of products from MicroTissues, Inc. ("MicroTissues"). In these Conditions, "we," "us," and "our" means MicroTissues, and "you" and "your" means the person, company or other legal entity that orders or buys goods from us and in each case their respective successors and/or assigns. We are shipping these goods subject to these Conditions and our offer to sell goods is expressly conditioned upon your acceptance of such Conditions. You will be deemed to have assented to these Conditions unless you return the goods to us unopened and unused in accordance with Section 2 of these Conditions within 10 days after your receipt of the goods and this form.

Our failure to object to provisions contained in any purchase order or other form or document from you shall neither be construed as a waiver of these Conditions nor an acceptance of any such provision. These Conditions, including all writings incorporated herein by reference, any quotation issued to you by us, and those specific terms of a purchase order or other document that are either consistent with these Conditions or expressly agreed upon by us in writing, constitute the entire contract between us relating to the subject matter hereof (the "Contract"), and supersede all prior agreements and understandings between us, whether written or oral, and any of your additional or different terms and conditions, which are hereby rejected, shall be void.

In the event of a conflict, a quotation provided by us takes precedence over these Conditions, and a written contract covering the same subject matter signed by both of us takes precedence over either. If one or more of these Conditions are held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining Conditions shall be unimpaired, and to the maximum extent enforceable, such invalid conditions shall be construed in a manner consistent with the original intent thereof.

2. Inspection and Returns

Upon your receipt of goods shipped hereunder, you shall inspect the goods and notify MicroTissues of any claims for visible shortages, defects or damages. Should you fail to notify us of any such visible shortages, defects or damages within ten days after you receive the goods, the goods shall conclusively be deemed to conform and to have been irrevocably accepted by you (for clarity, this sentence does not affect your ability to maintain a warranty claim under Section 6 of these Conditions).

Authorization for all product returns must be approved by MicroTissues and a return authorization number given to you prior to the return of goods. Items authorized for return must arrive at our facilities in a state satisfactory for resale to be eligible for product credit. A restocking charge of $50.00 shall be charged on returns that are not the result of any error or fault of ours. Goods may not be returned for credit after 20 days after your receipt of the goods. Shipping charges will not be credited. We may require you to sign and deliver a properly completed certificate of decontamination and/or non-use prior to returning any product.

3. Credits and Refunds

At our discretion, we may issue a product credit or refund for the product value and shipping charges. No product credit shall be available for use if a past due balance is outstanding on the account. Any product credit not used within six months of the date of issue shall expire.

4. Payments

Unless otherwise specified in a written quotation we provide to you or written contract between you and us, the goods will be billed at the price in effect at the time your order is received by us. Our prices shall be subject to change from time to time without notice. Terms of payment are net 30 days of date of invoice, in U.S. Dollars.

If you default in making any payment to us when due, we, at our option and without prejudice to our other lawful remedies, may defer delivery or cancel the Contract. If you provide a purchase order number which proves to be erroneous or invalid, you agree to pay the invoice(s) upon receipt of a "proof of delivery (POD)" and/or a proof of shipment "signed and executed bill of lading/airbill from us.

The price (excluding shipping and handling) for any product that you order through us shall be as stated in the order confirmation from us ("Order Confirmation"). It is your responsibility to verify all information, including price, set forth in the Order Confirmation, and to contact customer service prior to shipment if any information is incorrect. We reserve the right to correct any misstated price in the Order Confirmation or any price containing a discount for which you have not qualified, at any time, by notifying you. In such event, you may cancel such order or return the delivered product(s) according to our standard cancellation and returns policies.

5. Taxes and Other Charges

Any use tax, sales tax, excise tax, duty, inspection or testing fee, or any other tax, fee or charge imposed by any governmental authority, on or measured by the transaction between us shall be paid by you in addition to the prices quoted or invoiced. If we are required to pay any such tax, fee or charge, you shall reimburse us therefor or provide us at the time the order is submitted an exemption certificate or other document acceptable to the authority imposing the tax, fee or charge.

6. Warranty; Limitation on Liability

6.1 Unless otherwise set forth in a warranty statement found in our current product documentation or in a specific written warranty accompanying the goods, in which case such language shall govern and control over conflicting language in these Conditions, we warrant to you, our direct customer, that our goods shall conform substantially to the description of such goods as provided in our literature accompanying the goods until their respective expiration dates (if stated), or up to twelve (12) uses as the case may be, or, 6 months from the date of your receipt of such goods, whichever is shorter.

THIS WARRANTY IS EXCLUSIVE, AND WE MAKE NO OTHER WARRANTY, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.

If we manufacture custom goods for you based on instructions, specifications, or other directions you provide to us, we shall not be liable for the lack of sufficiency, fitness for purpose or quality of the goods to the extent attributable to such instructions, specifications, or other directions. Unless otherwise expressly stated in our quotation, we make no warranty whatsoever in regard to products furnished by third parties. Such products are subject to the warranties, if any, of their respective manufacturers to the extent they are transferable or otherwise available to our customers.

Our warranty shall not be effective if we determine, in our sole discretion, that you have altered or misused the goods (including use of materials other than those specified by us in the manufacture of 3D Petri Dishes therefrom) or have failed to use or store them in accordance with instructions furnished by us or the defects to the goods result from neglect or accident. Our sole and exclusive liability and your exclusive remedy with respect to goods proved to our satisfaction to be defective or nonconforming shall be the replacement of such goods free of charge, upon the return of such goods in accordance with our instructions.

6.2 TO THE FULLEST EXTENT ALLOWED BY LAW, IN NO EVENT SHALL WE BE LIABLE UNDER ANY LEGAL THEORY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS), EVEN IF WE HAD NOTICE OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES ARE FORESEEABLE. We shall not be liable for any loss, damage or penalty as a result of any delay in or failure to manufacture, deliver or otherwise perform hereunder due to any cause beyond our reasonable control.

6.3 IN NO EVENT WILL OUR TOTAL LIABILITY ARISING UNDER THIS AGREEMENT EXCEED THE TOTAL PURCHASE PRICE PAID FOR GOODS PURCHASED BY YOU IN THE PREVIOUS TWELVE (12) MONTHS.

7. Compliance with Laws and Regulations

We certify that to the best of our knowledge: our goods are produced in compliance with all applicable federal, state, and local statutes, rules, regulations, ordinances, and orders, including applicable requirements of the Fair Labor Standards Act, as amended, the Occupational Safety and Health Act of 1970 and Executive Order 11246. We expressly disclaim compliance with rules or regulations set forth by the United States Food and Drug Administration or any other successor agency.

8. Intellectual Property Rights

8.1 We make no representation or warranty to you regarding the infringement of the claims of any patent, trademark or copyright ("Intellectual Property") of any third party, and you hereby agree and acknowledge that we shall have no liability to you with respect to any Intellectual Property Claims.

8.2 If any claim is made against us for infringement of Intellectual Property rights of any third party as a result of (i) the manufacture or sale of goods based upon instructions, specifications, or other directions provided by you, or (ii) the manufacture or sale of products made by you using our goods, you shall indemnify us, defend us and hold us harmless from and against any and all losses, damages and expenses that we may incur as a result thereof.

8.3 Nothing in these Conditions shall be deemed or construed (i) as a license or grant of any Intellectual Property, whether implied, by estoppel or otherwise except to the extent expressly granted under any applicable intended use statement, limited use statement or limited label license; (ii) to limit our rights to enforce our Intellectual Property; (iii) as granting you any right to be supplied with goods or component thereof beyond those ordered by you and supplied by us; or (iv) as a license or grant of any right to you to manufacture or to have manufactured the goods.

9. Authorized Uses

9.1 Except as otherwise agreed in writing by our authorized representative, the purchase of goods only conveys to you the non-transferable right for only you to use the quantity of goods and components of goods purchased in compliance with the applicable intended use statement, limited use statement or limited label license, if any, for up to 12 uses or 6 months, whichever occurs first. Unless otherwise authorized, no right to resell the goods, or any portion of them, is conveyed hereunder.

9.2 Unless otherwise expressly indicated in our catalogues or on the label or other documentation accompanying the goods, the goods are intended for research use only and are not to be used for any other purposes including, but not limited to, unauthorized commercial purposes, in vitro diagnostic purposes, ex vivo or in vivo therapeutic purposes, investigational use, in foods, drugs, devices or cosmetics of any kind, or for consumption by or use in connection with or administration or application to humans or animals.

9.3 You represent and warrant to us that you will properly test, use, and, to the extent authorized, manufacture and market any goods purchased from us and any articles made from them in accordance with the practices of a reasonable person who is an expert in the field and in strict compliance with all applicable national, state, provincial, and local food, drug, device, and cosmetic and other relevant laws and regulations.

9.4 You realize that, because our goods are intended primarily for research purposes, they may not be on the Toxic Substances Control Act (TSCA) inventory. You assume responsibility to ensure that the goods purchased from us and any articles made from them are approved for use under TSCA, if applicable.

9.5 You have the responsibility to conduct any research necessary to learn the hazards involved for any of your uses of goods purchased from us and to warn your customers, employees and any auxiliary personnel of any risks involved in using or handling the goods.

9.6 You acknowledge that products received from us are subject to U.S. export control laws and regulations. You represent and warrant to us that you will not, directly or indirectly, sell, export, reexport, transfer, divert, or otherwise dispose of any products, software, or technology received from us to any destination, entity, or person prohibited by the laws or regulations of the United States.

10. Indemnity

You shall, at your own expense, indemnify us, defend us and hold us harmless from and against any and all losses, damages and expenses (including reasonable attorneys' fees and other costs of defending any action) that we may incur as a result of any claim of negligence, breach of implied warranty, strict liability in tort, or other theory of law, in connection with the use or resale of any goods sold pursuant hereto, except to the extent caused by a breach by us of the express warranty set forth in Section 6 herein.

11. Technical Assistance

Unless otherwise agreed, all technical assistance and information we provide to you regarding the goods will be provided gratis, and you assume sole responsibility for results obtained in reliance thereon. We make no warranty regarding such technical assistance or information.

12. Miscellaneous

The Contract shall be governed by and construed in accordance with the laws of the State of Rhode Island; provided however, if you are a state of the United States, a city, town or other municipality, or a public university, college or other institution chartered under the laws of a state of the United States, the law of such state or the state in which the institution is chartered, excluding in all cases choice of law provisions and the United Nations Convention on Contracts for the International Sale of Goods.

Our exercise of any option or failure to exercise any rights hereunder shall not constitute a waiver of our rights to damages for breach of contract and shall not constitute a waiver of any subsequent failure, delay, or breach by you. We may assign our rights and/or obligations under these Conditions to any person in whole or in part.