TERMS AND CONDITIONS

GLUDAN Gruppen A/S

GENERAL TERMS AND CONDITIONS OF SALE AND DELIVERY OF GLUDAN GRUPPEN A/S

The following conditions apply exclusively and for all agreements concluded with us unless expressly deviating agreements have been made. Deviating conditions of the customer do not bind us, even if we do not expressly contradict them. Agreement and delivery

1. Offers are non-binding. Our written order confirmation is decisive for the content and scope of the delivery; from production engineering

For reasons we are entitled to deliver 30% more or less. Ancillary agreements and changes require our written confirmation to be effective. When placing orders by telephone, the customer is responsible for the correctness of the individual information. Samples and samples are approximate for quality, dimensions and color. We reserve the right to make changes to the design and shape in order to improve the product.

2. Delivery times are non-binding unless they are expressly promised in writing. The deadlines start from the day of the order confirmation.

Agreed delivery times and dates are met if the goods have left the warehouse by the end of the delivery period or the readiness for dispatch of the goods has been reported. If the delivery is not made, the customer is only entitled to legal remedies of any kind after we have been given a reasonable grace period in writing. Part deliveries are permitted.

3. The delivery time is extended appropriately in the event of unforeseen obstacles which we can reasonably be expected to under the circumstances of the case

Care and using reasonable means cannot be averted, regardless of whether these circumstances have occurred with us or with our suppliers. These include, for example, operational disruptions, official interventions, energy supply difficulties, lack of suitable means of transport, delays in the delivery of essential raw and building materials and in the event of strikes and lockouts. We will notify the customer of such obstacles immediately. The customer reserves the right to declare the cancellation of the contract in accordance with the statutory provisions.


4. In the event of an unjustified withdrawal from the contract, an unjustified termination or prevention of the execution of the contract by the customer, this is the case

obliged to pay lump-sum damages of 30% of the order value, unless he can provide evidence that the damage is significantly lower. We reserve the right to assert higher damages.

B. Shipping and Transfer of Risk

1. Shipment is always carried out at the risk of the purchaser, even if delivery is carriage paid. The danger of accidental demise and accidental

The deterioration is transferred to the purchaser when the goods are handed over to the first carrier, but no later than when they leave the factory or warehouse, without the need for notification.

C. Prices and terms of payment

1. The prices valid on the day of the order plus the respective statutory value added tax will be invoiced. The prices are understood

ex works or warehouse plus freight costs and customs duties, if applicable. For deliveries made at least five months after the conclusion of the contract, we reserve the right to charge the prices valid on the delivery day.

2. All invoices are payable within 30 days net of the invoice date and received on our account. On invoices received within

14 days after the invoice date are settled by receipt of payment on our account, a discount of 2% is granted. Checks or bills of exchange are accepted on account of payment; all associated costs are borne by the customer. We are entitled to reject check or bill of exchange payments.

3. If the target is exceeded, the customer is obliged to pay interest at a rate of 8% p.a. above the base rate of the Deutsche Bundesbank

(or its successor) to the European Central Bank, unless it can prove that the damage is much lower.

The assertion of further default damages remains reserved.

4. The customer can only set off against us with legally binding or undisputed counterclaims, refuse his services or return them.

hold.

5. In the event of payment difficulties on the part of the customer, in particular in the event of payment arrears or check protest, we are entitled to make further deliveries only against

Carry out advance payment, make all outstanding – including deferred – invoice amounts due, and demand cash payment against the return of checks or security deposits taken on account of payment.


D. Retention of Title

1. All goods delivered by us – also in the future – remain with us until all claims from the business relationship have been paid in full

our property to the customer.

2. The customer is entitled to resell the reserved goods in the normal course of business; He already now meets all the demands that arise from the

Resale of the goods subject to retention of title against his customer or against third parties is deducted from the amount of our invoice including VAT, regardless of whether the goods subject to retention of title were resold with or without processing. We accept the assignment. The customer remains entitled to collect the claim against his customers. We are entitled to revoke this authorization if the customer does not meet his payment obligations. In this case, the customer is obliged to inform us of the assigned claims and their debtors, to provide all information required for collection, to provide the documents required for enforcement and to notify his customers of the assignment.

3. The purchaser undertakes any treatment or processing of the reserved goods for us without any obligations arising for us. When processing,

Combining, mixing or blending the reserved goods with other goods that do not belong to us, we acquire co-ownership of the new item in the ratio of the invoice value of the reserved goods in relation to the invoice value of the remaining goods. The customer will keep the new item for us free of charge.

4. If the customer acts in breach of contract, we are entitled to take back the reserved goods; The purchaser is bound to the publishing;

Taking back the reserved goods in this way does not constitute a withdrawal from the contract, unless we declare this in writing.

5. The customer is obliged to adequately insure the reserved goods against theft, breakage, fire and water damage at his own expense.

6. We undertake to release the securities to which we are entitled at our discretion at the request of the customer, insofar as their value is the value to be secured

Exceeds claims by more than 20%.

E. Warranty and Liability

1. The customer is obliged to inspect the delivered goods immediately upon delivery and to immediately examine any externally recognizable defects in writing –

if necessary, to notify the carrier on the consignment note – Hidden defects are to be reported to us in writing immediately after they are discovered. Complaints about the goods must in any case be communicated in writing before processing, use or resale of the delivered items and our instructions must be awaited.

2. Claims of the customer that did not arise on the delivery item itself or those for compensation for lost profit or other claims

Financial losses, for whatever legal reason, are excluded, unless our executives act with intent or gross negligence or the subject of the contract lacks guaranteed properties.

3. In addition, we are fundamentally liable for any culpable breach of essential contractual obligations and outside of such obligations

also for gross negligence of simple vicarious agents. In both cases, the obligation to pay compensation is limited to the typically foreseeable damage. We are not liable for a risk of damages that cannot be foreseen easily and that the customer did not point out to us before the contract was concluded.

4. All possible claims against us expire 6 months after delivery at the latest.

F. Place of jurisdiction and place of performance

The place of jurisdiction for all legal disputes arising from the contractual relationship as well as its origin and effectiveness, including lawsuits for checks and bills of exchange, and the place of performance for all obligations arising from the contractual relationship is our headquarters.

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IMPRINT

ACCORDING TO § 5 TMG:

GLUDAN Gruppen A/S

Gothersgade 103A
1123 København K
Denmark

REPRESENTED BY:

Kim Szots

CONTACT:

Tel: +45 44 45 13 13

gludan@gludan.dk

COMMERCIAL REGISTER:

AG Lübeck HRB 381 SB SALES TAX ID:

Sales tax identification number according to § 27a sales tax law:

DE 135 117 902 DISCLAIMER:

Liability for content

The contents of our pages were created with great care. However, we cannot accept any liability for the correctness, completeness and topicality of the content. As a service provider, we are responsible for our own content on these pages in accordance with general law in accordance with Section 7 (1) of the German Telemedia Act. According to §§ 8 to 10 TMG, as a service provider, we are not obliged to monitor transmitted or stored third-party information or to research circumstances that indicate illegal activity. Obligations to remove or block the use of information in accordance with general law remain unaffected. Liability in this regard is only possible from the point in time at which we become aware of a specific legal violation. As soon as we become aware of such legal violations, we will remove this content immediately. Liability for links

Our offer contains links to external third-party websites over whose content we have no influence. Therefore, we cannot accept any liability for this third-party content. The respective provider or operator of the pages is always responsible for the content of the linked pages. The linked pages were checked for possible legal violations at the time they were linked. No illegal content was found at the time the link was created. A permanent control of the content of the linked pages is not reasonable without concrete evidence of an infringement.

As soon as we become aware of legal violations, we will remove such links immediately


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