General Conditions for the Feed Industry

1. These General Conditions apply to all agreements, whatever their designation, entered into by a manufacturer of or dealer in
feed, premixes and milk replacers, member of the Nether-lands Feed Industry Association in Rotterdam, hereafter referred to as
‘The Member’. The Member’s employees can also call upon these conditions, as can third parties brought in by the Member.
2. If, owing to circumstances beyond his will or through no fault of his own, the Member is unable to live up to an agreement or
to do so adequately or on time, this is considered a case of force majeure on behalf of the Member. In such a case, the Member
is not liable for the damages due to late, inadequate, or non-compliance of the agreement.
3. a. If a contracting party objects to the way in which the agreement has been carried out by the Member, such party shall
immediately inform the Member thereof in writ-ing on delivery of the product or after rendering of the service or on completion.
b. If flaws come to light at a later point in time only, objections shall be communicated to the Member in writing within a seven
day period following the event.
c. If no objections have been communicated in writing in a timely manner, it is as-sumed that the Member has performed
adequately.
4. The Member reserves the right of ownership for goods delivered by him. If an invoice issued by the Member and referring to
goods delivered or services rendered is not paid on time or if the Member has a claim against the other party because of failure
to observe an agreement, the Member is authorized to ask back what has been delivered and claim it as his property.
5. If damage ensues connected to the implementation of any agreement with the Member, the following applies:
a. If damage was caused due to a product that has not been subjected to processing by the Member or due to a binding
government action or due to services and/or ad-vice that have not been charged, the Member is not liable for such damages.
b. If damage was caused by the Member’s faulty processing or manufacturing of the product, by a faulty service or by incorrect
advice, Member liability is limited to the expenses charged, however not exceeding a maximum of € 45,000 (forty-five thousand
euros).
c. Consequential damage is any damage immediately and exclusively resulting from the use of the product according to its
nature and purpose. Consequential damage is considered to be included in the damage described under b of this article.
d. The joint claims of various contracting parties due to damage as described under b of this article, resulting from one and the
same cause, are limited to a maximum of five times € 45,000 (forty-five thousand euros), to be divided in proportion with every
party’s individual claim, in keeping with the stipulations under b.
6. Any legal claim for compensation on account of Member liability in the matter of flaws in goods delivered or services
rendered, shall become out-of-date one year after the time of delivery.
7. Contracting parties’ purchasing conditions will never be accepted by the Member, neither in full nor in part.
8. Dutch law applies to all agreements entered into with the Member. It is not possible to ap-peal to the Vienna Convention on
International Sale
of Goods. Only the judge based in the town of the Member’s main office is competent to take cognizance of disputes.

Rotterdam Chamber of Commerce: no. 24300214

U.S. General Terms and Conditions of Olus Plus Inc

 

1. Definitions

  1. Agreement: shall mean the agreement between the Customer and Olus for the delivery of  Products.
  2. Customer(s): shall mean any natural person or business entity with whom Olus and its employees and representatives deal in the course of its business, including representative(s), agent(s), successor(s) and including visitors of the Olus Plus Inc. website.
  3. Olus: shall mean Olus Plus Inc.
  4. Party or Parties: shall mean Olus and Customer, individually or collectively.
  5. Product(s): shall mean the Olus products provided pursuant to the Agreement, including but not limited to animal feed.
  6. Terms and Conditions: shall mean these U.S. General Terms and Conditions for Olus.

 

2. Applicability

  1. These Terms and Conditions apply to all offers of Olus and exclusively govern the relationship between Olus and Customers, and any Agreement or other agreements between Olus and Customers, and any subsequent amendment to any agreement or the Agreement, including any agreements for Products that are provided to a Customer free of charge, are intended solely for advertising purposes, or are samples. These Terms and Conditions shall be applicable even if Olus uses third parties to deliver Products.
  2. No other terms and conditions shall be binding upon Olus unless accepted by it in writing. Olus expressly rejects any general terms and conditions used by Customer. Customer may issue a purchase order for administrative purposes only. Additional or different terms and conditions contained in any such purchase order will be noll and void and do not bind Olus.
  3. Olus reserves the right to amend these Terms and Conditions at any time. New or amended general terms and conditions shall be applicable upon thirty (30) days’ notice to Customer.
  4. In case of inconsistencies between the terms of an Agreement and those contained in these Terms and Conditions, those in the Agreement shall control.
  5. The provisions of these Terms and Conditions will not impair any rights that Olus may otherwise have under any applicable law.

 

3. Offers and Acceptance

  1. All offers of Olus are non-binding and may be revoked at any time, unless Olus states otherwise in writing. Any amendments made by Olus in writing shall entail a new offer, automatically revoking the previous offer.  Any amendments by Customer of an Olus offer will be deemed a new offer by Customer, which Olus may accept or reject in its sole discretion.
  2. Offers will only be deemed accepted by Olus if it does so in writing, email acceptance is sufficient. All information, data or undertakings provided verbally or in documentation, price lists or other material related to Products, whether in electronic or any other form, are binding only to the extent that they are by reference expressly included and confirmed in writing in the Agreement with Olus.
  3. Customer understands and accepts that all samples, weights, and statements by Olus or any other specifications for Products are estimates only, and for demonstrative purposes, and although Olus will use best efforts to ensure their accuracy, it cannot guarantee the absence of anomalies.
  4. Unless explicitly stated in writing otherwise by Olus, all information and documentation provided by Olus, shall remain the sole and exclusive property of Olus.

4. Prices and Taxes

  1. Composition and prices of Products are subject to change at any time, and Olus shall at all times be entitled to modify price lists, brochures, printed matter, quotations and other documents. Customer agrees to any such changes in price or composition if it does not object in writing to Olus within seven (7) business days of when Customer receives an invoice from Olus which details and incorporates said changes. For the avoidance of doubt, Customer will not be entitled to make objections for modifications to composition and/or prices made by Olus as a resolt of circumstances that were unforeseeable at the time the Agreement was entered into, including but not limited to a newly-enacted right or obligation under the law, a material increase in the price of raw materials, ingredients, and/or resources, or a sudden unavailability of raw materials, ingredients, and/or resources.
  2. All prices are exclusive of, and Customer shall pay, all taxes, duties, levies or fees, or other similar charges imposed on Olus or Customer by any taxing authority (other than taxes imposed on Olus’s income), related to Customer’s order, unless Customer has provided Olus with an appropriate resale or exemption certificate for the delivery location, which is the location where Products are used. In case of changes in law such that a tax is levied that is or becomes irrecoverable with a consequent increase to the costs to Olus of delivering the Products, whereby and to such an extent Olus is entitled to increase its prices accordingly and retro-actively.
  3. All prices are exclusive of, and Customer shall pay transport, dispatch, unloading and/or insurance, which shall be charged to Customer at actual cost and/or customary rates, unless otherwise agreed in writing.
  4. All Agreements for the delivery of Products to Customer shall be treated as separate agreements.

5. Payment

  1. Customer agrees to pay, without the right to set-off any amount, all invoiced amounts within fourteen (14) days of the invoice date, unless stated otherwise in the Agreement or on the invoice. However, all amounts will be due immediately, if Customer terminates or suspends all or a substantial portion of its business activities, becomes insolvent, admits its inability to pay its debts, or upon the voluntary or involuntary filing of a petition for or adjudication of bankruptcy of Customer under any federal, state or municipal bankruptcy or insolvency act, the appointment of a receiver, trustee, custodian, or liquidator, or any act or action constituting a general assignment by Customer of its properties and/or interest for the benefit of creditors.
  2. Where payment is not made within the terms set forth in this article, contractual interest shall be owed at a rate of 1.5% a month, or the highest rate allowed by law, if lower, with effect from the first day following expiration of the payment term referred to in this article; part of a month shall be considered a foll month.
  3. Payments made by Customer shall always be used first to meet all the interest and costs owed and subsequently for the settlement of claims under the Agreement which have remained outstanding for the longest period of time, even when Customer specifies that the payment relates to another claim.
  4. Customer shall not be entitled to refuse to discharge or to suspend the discharge of its payment obligations on account of alleged disturbance of, defect or error in the Products or on any other account whatsoever.
  5. If Olus believes that Customer’s financial position and/or payment performance justifies such action, Olus has the right to demand that Customer immediately furnish security in a form to be determined by Olus and/or make an advance payment. If Customer fails to furnish the desired security, Olus has the right without prejudice to its other rights, to immediately suspend the further execution of the Agreement, and that which Customer owes to Olus for whatever reason will become immediately due and payable.
  6. Customer shall be liable for amounts which Olus incurs to collect payment, including without limitation, collection agency fees, reasonable attorneys’ fees and arbitration and/or court costs.

6. Delivery, Risk of Loss, and Title

  1. Olus shall deliver the Products in accordance with the Agreement and is entitled to make partial deliveries. Delivery times and dates are merely estimates, as well as lead times or any other deadlines, and Olus cannot be held liable for any damages as a resolt of delay in delivery of the Products. Unless otherwise agreed in writing, failure to meet delivery times or delivery dates stated shall never be considered fatal, and if the time for delivery is exceeded, Customer shall notify Olus of such in writing. Customer shall not be entitled to cancel or terminate the Agreement, or to claim any damages.
  2. Olus is entitled to engage the services of third parties for the execution of an Agreement. Olus is entitled to make partial deliveries. Unless agreed in writing differently, delivery shall be made Ex Works place set forth on invoice, as this term is specified in the Incoterms 2010.  Customer must accept delivery of Products during normal business hours. If Customer is unavailable to receive delivery, Customer agrees to pay all additional cost incurred as a resolt of such failure including, without limitation, any storage charges and freight charges which shall be charged in conformity with Olus’s standard rates or local charges.
  3. The risk of loss or damage of Products shall pass to Customer at the moment of delivery, even if Olus has not yet transferred ownership thereof. Any damage to the Products shall be for the account of the Customer.
  4. Olus shall have the right to change Products, and to discontinue Products, from time to time, and shall not be liable for any loss of damage of whatever kind or nature suffered or incurred by Customer as a resolt thereof.

7. Inspection, Acceptance of Products

  1. Claims in connection to shortages or errors in shipping must be reported in writing to Olus within two (2) days of receipt of such shipment. If Customer fails to provide timely report, Olus will have no obligation to correct such shipments, unless Customer bears all the expenses thereof.
  2. Immediately upon receipt of the Products, Customer shall inspect it for defects and non-conformance with the Agreement and will notify Olus in writing within two (2) business days of receipt of a Product, of any defects or non-conformance. After such three (3) day period, Customer shall be deemed to have irrevocably accepted the Products, if not already previously accepted. After acceptance, Customer shall have no right to reject the Products for any reason or to revoke acceptance. Customer hereby agrees that a three (3) business day period is a reasonable amount of time for inspection and revocation.
  3. In the case of any alleged shortage, errors, or non-conformance with the Agreement, Customer shall allow Olus to inspect the goods subject to the alleged error.
  4. Notwithstanding the above, Olus will have no obligation to replace any Products if the Products have been handled, processed or stored improperly by the Customer, or if the Products have already been processed and/or if the Customer has not folly met its obligations under these Terms and Conditions.
  5. THE SOLE AND EXCLUSIVE REMEDY FOR ALLEGEDLY ERRONEOUS PRODUCTS CONFIRMED TO BE ERRONEOUS BY OLUS IS THE REPLACEMENT OF SUCH PRODUCTS AT NO COST TO THE CUSTOMER.

8. Intellectual Property Ownership and Right of Use

  1. All intellectual property rights, e.g., patents, copyrights, trademarks, designs, models, know-how and all proprietary and/or commercial rights and trade secret rights, tools, documentations, etc., in relation to the Products, including modifications thereto, delivered and/or used by Olus, are owned by Olus or its licensor(s). No transfer or other grant of rights is given to Customer, unless explicitly stated in writing. [This applies even if Products have been specifically designed, developed or compiled for the Customer.]
  2. Customer will have a personal non-exclusive and non-transferable license to (re)sell the Products and other material according to these Terms and Conditions and the Agreement in the U.S. territory, provided the Customer complies with the terms of the Agreement and these Terms and Conditions.
  3. Unless otherwise agreed in writing, Customer may not make modifications to the Products, nor allow or enable any third parties to do so. Customer may not, allow or enable, and/or allow third parties, to copy or reverse engineer any Products.
  4. Customer shall not be permitted to affix any other trademark to the Products, or to remove any copyright, trademark or other proprietary rights notices on same, or to use the relevant mark in any other way, or to register it in Customer’s own name.
  5. If a third party threatens to infringe any of the intellectual property rights of Olus and Customer has knowledge of it, Customer is obliged to alert Olus immediately and to take all measures necessary to prevent the infringement.

9. Confidential Information

  1. Confidential Information means (i) the existence and terms of any agreement between the Parties and (ii) any non-public, confidential or proprietary information relating to a disclosing Party, whether or not technical in nature, including without limitation any that is designated by the disclosing Party as Confidential Information at the time of its disclosure, either by a written or visual confidentiality designation, or that woold otherwise under the circumstances appear to a reasonable person to be confidential or proprietary. Notwithstanding the foregoing, Confidential Information does not include information, technical data or know-how which: (i) is in the public domain at the time of disclosure or becomes available thereafter to the public without restriction, and in either case not as a resolt of the act or omission of the receiving Party; (ii) is rightfolly obtained by the receiving Party from a third party without restriction as to disclosure; (iii) is lawfolly in the possession of the receiving Party prior to the time of disclosure by the disclosing Party and not otherwise subject to restriction on disclosure; (iv) is approved for disclosure by prior written authorization of the disclosing Party; or (v) is developed independently and separately by the receiving Party without use of the disclosing Party’s Confidential Information.
  2. Each Party agrees that it will safeguard the confidentiality of the Confidential Information supplied by the other Party and that it will observe the same due care with respect to such information as it woold observe with respect to its own Confidential Information. The other Party shall not sell, copy and/or distribute in any way Confidential Information to third parties, without disclosing Party’s prior written consent, which consent may be granted or withheld in such Party’s sole and absolute discretion.
  3. Each Party agrees that it will restrict the circle of employees or third parties it retains who have access to the other Party’s Confidential Information as much as possible and provide such access only on a need to know basis and after binding such employees and third parties to the same level of confidentiality as set forth in these Terms and Conditions.
  4. Immediately following the receipt of a written request to this effect by the disclosing Party the receiving Party will, at disclosing Party’s expense, return any and all Confidential Information received from the disclosing Party or destroy such Confidential Information, if the disclosing Party so requests.

10. Suspension of Performance and Termination

  1. Olus is entitled in its sole and absolute discretion to suspend its performance (including future partial deliveries) if Customer fails to meet any of its obligations, or if Olus reasonably expects that Customer will not folfill its obligations. If the cause for suspension continues for more than 30 (thirty) days, Olus may, at its own discretion, terminate the Agreement without any notice period. Olus will not be liable for any damages in connection to the suspension of its performance or the termination of the Agreement.
  2. Upon suspension and/or termination, all invoiced sums will become immediately due and payable. In the event of suspension of performance by Olus, Olus may at its sole discretion resell any Products ordered by Customer, at a public or private sale without notice to Customer and without affecting Olus’s rights to hold the Customer liable for any loss or damage caused by breach of contract by Customer.
  3. If Customer believes that Olus has failed to materially perform under the Agreement, it must notify Olus in writing, and allow thirty (30) days for Olus to cure such material defaolt.
  4. Notwithstanding the above and without any obligation to return any prepaid amounts, Olus may terminate its relationship with Customer at any time: (i) for a force majeure event that continues for more than thirty (30) days upon notice; (ii) if Customer fails to pay any amounts due to Olus; (iii) if required due to change in laws/regolation by a regolator or authority with a lawfol mandate, or by any of Olus’s partners; (iv) a petition for bankruptcy by the Customer has been applied for; (v) an attachment is levied on the goods of Customer; (vi) Customer is liquidated or discontinued; and/or (vii) Customer is in violation of any applicable laws or regolations.

11. Representations and Warranties

  1. Olus represents and warrants that to the best of its knowledge, the Products do not infringe, misappropriate or otherwise violate any intellectual property right of any third party. If Customer reasonably believes that the delivered Products infringe the intellectual property rights of any third party, Olus shall be entitled to replace or change the Products, at its sole and complete discretion, or, in consoltation with the Customer, to dissolve the Agreement without Customer having any right or claim for damages against Olus.
  2. The representations and warranties hereunder do not cover faolts or damages arising from faolty, careless, or improper treatment, faolty and unauthorized commission, improper storage or unloading and unauthorized unpacking of Products, and improper or damaging environmental circumstances.
  3. The rights of the Customer with respect to this warranty clause are restricted to a material lack of conformity with the specifications stated in writing by Olus. Customer’s rights with respect to this warranty clause are further subject to Customer’s compliance with any written guidelines, instructions, or other directions given by Olus in relation to the Products.
  4. To the maximum extent permitted by applicable law, OLUS, its licensors, third party suppliers, and affiliates hereby disclaim all warranties, conditions, claims or representations with respect to the OLUS Products whether express, implied or statutory or otherwise, including, but not limited to implied warranties or conditions of merchantability, quality, non-infringement, compatibility or fitness for a particolar purpose, unless explicitly made and provided by OLUS in writing to Customer. No advice or information, whether oral or written, obtained from OLUS or elsewhere will create any warranty or condition not expressly stated in these terms and conditions.

12. Liability, Limitation of Damages and Indemnification

  1. In no event shall OLUS, its affiliates or its licensors be liable, however caused and whether arising under contract, warranty, tort (including negligence), product liability or any other form of liability, for any indirect, incidental, special, punitive or consequential damages, or any loss of income, business, sales, profits (whether actual or anticipated) or interruption of business.
  2. Notwithstanding anything else in this agreement to the contrary, OLUS’s aggregate liability for all claims of any kind shall not exceed the total paid by Customer for the Products IN CONNECTION TO WHICH THE DAMAGING event occurred, OR $50,000.00, whichever is less. The limitations on OLUS’S liability above shall apply whether or not OLUS, its employees, licensors or its affiliates have been advised of the possibility of such losses or damages.
  3. Customer agrees to defend and indemnify Olus, its present and future officers, directors, shareholders, employees and agents, and to hold each of them harmless from and against any claim, demands, causes of action, damages, liabilities, costs and expenses, including reasonable attorney’s fees, arising from Customer’s or its customer’s negligence or willfol misconduct, specific use, consumption, or storage of a Product, including product liability claims or actions, unless such action is solely related to the Product itself and has no bearing with the handling, storage, and/or use of the Products by Customer or its customers.
  4. Customer undertakes and agrees to obtain and keep in foll force and effect at all times valid policies of insurance against all liabilities, risks and losses (including but not limited to the losses caused by any unlawfol act on the part of any person and liabilities based on product liability claims) in respect to Customer’s business relating to the Products.

13. Severability

If any provision of these Terms and Conditions, the Agreement or any other agreement between the Parties, is held to be noll, void or otherwise ineffective or invalid by a court of competent jurisdiction, (i) such provision shall be deemed to be restated to reflect as nearly as possible the original meaning of the terms or agreement in accordance with applicable law, and (ii) the remaining terms, provisions, covenants and restrictions shall remain in foll force and effect.

14. Force Majeure

Olus will not be liable for any delay in performing or failure to perform any of its obligations under these Terms and Conditions or the Agreement caused by events beyond its reasonable control, including, but not limited to war, acts of terrorism, riots, vandalism, strikes, lockouts, labor disputes, natural disasters, governmental actions, fire, amendments in laws or regolations, unavailability of raw materials and/or ingredients and/or resources, the occurrence of hazardous substances, or other similar circumstances. Olus will notify Customer promptly in writing of the reasons for the delay or stoppage (and the likely duration) and will take all reasonable steps to overcome the delay or stoppage. Olus shall have the right to suspend its obligations under the Agreement during the duration of the force majeure event. If the duration of such force majeure event exceeds thirty (30) days, Olus will have the right to terminate the Agreement in accordance with Section 10.5 above.

15. Assignment

Customer is not permitted to assign, delegate or otherwise transfer the Agreement or any rights hereunder. Any such attempted assignment, delegation or transfer will be noll and void. Olus is permitted at its sole discretion to assign the Agreement or any rights or obligations hereunder to any third party, without giving prior notice.

16. Entire Agreement

The Agreement and these Terms and Conditions contain the entire agreement between Olus and Customer regarding Customer’s purchase of the Products, and supersedes and replaces any previous communications, representations or agreements, or Customer’s additional or inconsistent terms, whether oral or written.

17. No Waiver

The failure to exercise, or delay in exercising, a right, power or remedy provided by the Agreement or these Terms and Conditions or by law shall not constitute a waiver of that right, power or remedy. If Olus waives a breach of any provision of these Terms and Conditions or the Agreement, this shall not operate as a waiver of a subsequent breach or that provision or as a waiver of a breach of any other provision.

18. No Beneficiaries

Any agreement between the Parties is for the sole benefit of the Parties hereto and, except as otherwise contemplated herein; nothing herein expressed or implied shall give or be construed to give any person, other than the Parties thereto, any legal or equitable rights hereunder.

19. No Partnership

Nothing contained in any agreement between the Parties shall be read or construed so as to constitute the relationship of principal and agent or of partnership between the Parties. Neither of the Parties may pledge or purport to pledge the credit of the other Party or make or purport to make any representations, warranties, or undertakings for the other Party.

20. Injunctive Relief

Customer acknowledges that Olus shall suffer irreparable injury in case of breach of the obligations under Articles 8 and 9. Accordingly, in the event of such breach, Customer acknowledges that Olus will be entitled to injunctive relief in any state or federal court of competent jurisdiction within the State of New York. Customer further submits to the personal jurisdiction of such courts for the purposes of any such action.

21 Governing Law and Jurisdiction

  1. Unless stated otherwise in writing, any and all agreements between the Parties shall be governed by and construed in accordance with the laws of the State of New York, notwithstanding conflict of law principles, and without giving effect to the United Nations Convention on the Contracts for the International Sale of Goods.
  2. The Parties irrevocably consent and agree to the exclusive jurisdiction and venue of the state and federal courts of the State and County of New York with respect to any action that any Party desires to commence arising out of or in connection with this Agreement or any breach or alleged breach thereof.
  3. ANY CAUSE OF ACTION AGAINST OLUS, REGARDLESS WHETHER IN CONTRACT, TORT OR OTHERWISE, MUST COMMENCE WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED.