Common use of CHANGE, CANCELLATION AND TERMINATION Clause in Contracts

CHANGE, CANCELLATION AND TERMINATION. In the event Customer desires to modify a purchase order, it shall submit a written change order to BRONE ELECTRIC CO LTD. Each change order is effective upon written acceptance by BRONE ELECTRIC CO LTD. In the event Customer modifies a purchase order within 30 days prior to the scheduled shipment date, Customer shall pay to BRONE ELECTRIC CO LTD a change charge equal to 5% of the original total purchase price of the purchase order modified with a minimum charge of $25.00. This fee will be assessed for Customer initiated changes regarding: ship-to location, if changed to a different country or port of destination; ship-date, if BRONE ELECTRIC CO LTD. has already confirmed the ship-date to the Customer; configuration, if the change effects more than 5 line items in the order; quantity of items; or buyout items. All modifications made within an eight (8) hour business day (PST) will be considered to be one change. Any change or changes initiated or caused by BRONE ELECTRIC CO LTD. will not be charged to the Customer. If Customer cancels a purchase order within 30 days prior to scheduled shipment date, Customer shall pay to BRONE ELECTRIC CO LTD a restocking fee of 25% of the total purchase price of the canceled purchase order and shall pay 100% for any buyout items canceled. BRONE ELECTRIC CO LTD. shall not assess any cancellation charges if BRONE ELECTRIC CO LTD. cancels an order. In the event that either party breaches any provision of this Agreement and fails to cure such breach within thirty (30) days after written notice from the other party, the breaching party shall be in default. BRONE ELECTRIC CO LTD. maximum liability and Customer's maximum recovery for any claim arising out of or in connection with the sale or use of the Equipment shall not in the aggregate exceed the price paid by Customer for such Equipment hereunder less the price of the Equipment delivered and retained by Customer.

CHANGE, CANCELLATION AND TERMINATION. In the event Customer desires to modify a purchase order, it shall submit a written change order to BRONE CHUKO ELECTRIC CO CO., LTD. Each change order is effective upon written acceptance by BRONE CHUKO ELECTRIC CO CO., LTD. In the event Customer modifies a purchase order within 30 days prior to the scheduled shipment date, Customer shall pay to BRONE CHUKO ELECTRIC CO CO., LTD a change charge equal to 5% of the original total purchase price of the purchase order modified with a minimum charge of $25.00. This fee will be assessed for Customer initiated changes regarding: ship-to location, if changed to a different country or port of destination; ship-date, if BRONE CHUKO ELECTRIC CO CO., LTD. has already confirmed the ship-date to the Customer; configuration, if the change effects more than 5 line items in the order; quantity of items; or buyout items. All modifications made within an eight (8) hour business day (PST) will be considered to be one change. Any change or changes initiated or caused by BRONE CHUKO ELECTRIC CO CO., LTD. will not be charged to the Customer. If Customer cancels a purchase order within 30 days prior to scheduled shipment date, Customer shall pay to BRONE CHUKO ELECTRIC CO CO., LTD a restocking fee of 25% of the total purchase price of the canceled purchase order and shall pay 100% for any buyout items canceled. BRONE CHUKO ELECTRIC CO CO., LTD. shall not assess any cancellation charges if BRONE CHUKO ELECTRIC CO CO., LTD. cancels an order. In the event that either party breaches any provision of this Agreement and fails to cure such breach within thirty (30) days after written notice from the other party, the breaching party shall be in default. BRONE CHUKO ELECTRIC CO CO., LTD. maximum liability and Customer's maximum recovery for any claim arising out of or in connection with the sale or use of the Equipment shall not in the aggregate exceed the price paid by Customer for such Equipment hereunder less the price of the Equipment delivered and retained by Customer.

CHANGE, CANCELLATION AND TERMINATION. In the event Customer desires to modify a purchase order, it shall submit a written change order to BRONE KIKUNA ELECTRIC CO CO., LTD. Each change order is effective upon written acceptance by BRONE KIKUNA ELECTRIC CO LTD. CO., LTD In the event Customer modifies a purchase order within 30 days prior to the scheduled shipment date, Customer shall pay to BRONE KIKUNA ELECTRIC CO CO., LTD a change charge equal to 5% of the original total purchase price of the purchase order modified with a minimum charge of $25.00. This fee will be assessed for Customer initiated changes regarding: ship-to location, if changed to a different country or port of destination; ship-date, if BRONE KIKUNA ELECTRIC CO CO., LTD. has already confirmed the ship-date to the Customer; configuration, if the change effects more than 5 line items in the order; quantity of items; or buyout items. All modifications made within an eight (8) hour business day (PST) will be considered to be one change. Any change or changes initiated or caused by BRONE KIKUNA ELECTRIC CO CO., LTD. will not be charged to the Customer. If Customer cancels a purchase order within 30 days prior to scheduled shipment date, Customer shall pay to BRONE KIKUNA ELECTRIC CO CO., LTD a restocking fee of 25% of the total purchase price of the canceled purchase order and shall pay 100% for any buyout items canceled. BRONE KIKUNA ELECTRIC CO CO., LTD. shall not assess any cancellation charges if BRONE KIKUNA ELECTRIC CO CO., LTD. cancels an order. In the event that either party breaches any provision of this Agreement and fails to cure such breach within thirty (30) days after written notice from the other party, the breaching party shall be in default. BRONE KIKUNA ELECTRIC CO CO., LTD. maximum liability and Customer's maximum recovery for any claim arising out of or in connection with the sale or use of the Equipment shall not in the aggregate exceed the price paid by Customer for such Equipment hereunder less the price of the Equipment delivered and retained by Customer.

CHANGE, CANCELLATION AND TERMINATION. In the event Customer desires to modify a purchase order, it shall submit a written change order to BRONE ELECTRIC CO LTDWuhan Iron & Steel Group Corporation. Each change order is effective upon written acceptance by BRONE ELECTRIC CO LTDWuhan Iron & Steel Group Corporation. In the event Customer modifies a purchase order within 30 days prior to the scheduled shipment date, Customer shall pay to BRONE ELECTRIC CO LTD Wuhan Iron & Steel Group Corporation a change charge equal to 5% of the original total purchase price of the purchase order modified with a minimum charge of $25.00. This fee will be assessed for Customer initiated changes regarding: ship-to location, if changed to a different country or port of destination; ship-date, if BRONE ELECTRIC CO LTD. Wuhan Iron & Steel Group Corporation has already confirmed the ship-date to the Customer; configuration, if the change effects more than 5 line items in the order; quantity of items; or buyout items. All modifications made within an eight (8) hour business day (PST) will be considered to be one change. Any change or changes initiated or caused by BRONE ELECTRIC CO LTD. Wuhan Iron & Steel Group Corporation will not be charged to the Customer. If Customer cancels a purchase order within 30 days prior to scheduled shipment date, Customer shall pay to BRONE ELECTRIC CO LTD Wuhan Iron & Steel Group Corporation a restocking fee of 25% of the total purchase price of the canceled purchase order and shall pay 100% for any buyout items canceled. BRONE ELECTRIC CO LTD. Wuhan Iron & Steel Group Corporation shall not assess any cancellation charges if BRONE ELECTRIC CO LTD. Wuhan Iron & Steel Group Corporation cancels an order. In the event that either party breaches any provision of this Agreement and fails to cure such breach within thirty (30) days after written notice from the other party, the breaching party shall be in default. BRONE ELECTRIC CO LTD. Wuhan Iron & Steel Group Corporation maximum liability and Customer's maximum recovery for any claim arising out of or in connection with the sale or use of the Equipment shall not in the aggregate exceed the price paid by Customer for such Equipment hereunder less the price of the Equipment delivered and retained by Customer.