Common use of PRICE, INVOICE, AND PAYMENT Clause in Contracts

PRICE, INVOICE, AND PAYMENT. The Products to be supplied under the PO must not be invoiced at a higher price than what is shown on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBS. All other taxes (including withholding tax), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize transportation charges, insurance and taxes separately, if applicable. If the price is omitted from the PO, the price shall be the lowest prevailing market price to be solely determined by DBS. No amounts will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run from the date of the receipt of such proper and corrected invoice.

PRICE, INVOICE, AND PAYMENT. The Products price for the Goods is as set forth in this Purchase Order, or if no price is stated the lower of (a) the lowest then prevailing market price for Goods and (b) the last price quoted to Purchaser as reflected in Purchaser’s records, provided if no price is stated and the price is determined in the foregoing manner, then in no event will the price be supplied under higher than that most recently in effect between the PO must parties with respect to transactions involving Goods. Prices are firm and not subject to escalation unless expressly set forth in this Purchase Order. Prices are all inclusive and Purchaser shall not be invoiced charged additional amounts for materials, supervision, facilities, benefits or other overhead, or otherwise. Seller guarantees that the price for the Goods is the lowest price currently made available by Seller, or at a higher price than what which Goods are sold by Seller, for the same or similar goods and services in like quantities, and is shown competitive with other sellers’ prices for such goods and services (the “Price Guarantee”). Seller will promptly notify Purchaser in writing of any prices that affect the Price Guarantee. Purchaser may terminate this Purchase Order if Seller breaches the Price Guarantee and shall have no obligations to pay in excess of the Price Guarantee. All invoices for Goods shipped on this Purchase Order shall be rendered by and be payable to Seller. Purchaser may withhold payment if Seller’s invoice is incorrect or does not conform to Purchaser’s invoicing instructions. When prepaid transportation charges are for Purchaser’s account (which requires Purchaser’s request on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBS. All other taxes (including withholding taxPurchase Order), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize be supported by a prepaid receipted transportation charges, insurance and taxes separately, if applicablebill. If not otherwise specified on the price is omitted from the POface of this Purchase Order, the price shall be the lowest prevailing market price to be solely determined by DBSpayment terms are Net Prox 90. No amounts Invoice payment dates will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run computed from the date of acceptance of the receipt of such Goods or from the date proper and corrected correct invoices are received by Purchaser in accordance with Purchaser’s then current requirements for the content of, and procedures for delivery of, invoices, whichever is later. Payments by Purchaser shall not be deemed evidence of acceptance by Purchaser of the Goods. Unless otherwise specified, all amounts shall be invoiced and paid in the currency of the country in which Purchaser is located. Payment terms shall be governed by this Purchase Order unless more favorable terms are indicated on Seller’s invoice, in which case Purchaser, in its sole discretion, may choose to pay pursuant to the invoice’s more favorable terms, but in no event shall any other terms of the invoice modify this Purchase Order. To the extent Seller fails to invoice Purchaser for Goods within 180 days of delivery, Purchaser shall have no obligation to pay Seller for such Goods. Any claims for payment must be provided to Purchaser in writing within one (1) year of the date of delivery or be deemed waived and any legal action for payment must be brought within one (1) year of the date on which payment was due or be forever barred.

PRICE, INVOICE, AND PAYMENT. The Products to be supplied under the PO must not be invoiced at a higher price than what is shown on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBSDBS based on the GST amount reflected on DBS Coupa’s compliant invoicing. All other taxes (including withholding tax), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize transportation charges, insurance and taxes separately, if applicable. If the price is omitted from the PO, the price shall be the lowest prevailing market price to be solely determined by DBS. No amounts will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section aboveat Xxxxxxxx Road Post Office, P.O. Box 780 Singapore 901530. DBS shall process payment within sixty thirty (6030) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong KongSingapore. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run from the date of the receipt of such proper and corrected invoice.

PRICE, INVOICE, AND PAYMENT. The Products to be supplied under the PO must not be invoiced at a higher price than what is shown on the face of the PO without the prior written consent of DBSDBSI. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement terms and conditions shall be borne by DBSDBSI based on the VAT amount reflected on DBSI Coupa’s compliant invoicing. All other taxes (including withholding tax), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreementterms and conditions, Vendor shall bear all such withholding taxes and DBS DBSI shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS DBSI in writing, Vendor will invoice DBS DBSI upon the delivery and the written acceptance of the Products by DBSDBSI. The invoice must itemize transportation charges, insurance and taxes separately, if applicable. If the price is omitted from the PO, the price shall be the lowest prevailing market price to be solely determined by DBSDBSI. No amounts will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS DBSI under the PO shall be subject to deduction, counterclaim or set off by DBSDBSI, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBSI at DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section aboveBank Tower, 37th Floor, Ciputra Word 1, Jalan Prof. DR. DBS Satrio Kav. 3-5, Jakarta 12940, Indonesia. DBSI shall process payment within sixty thirty (6030) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong KongIndonesia. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS DBSI (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS DBSI shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBSDBSI, in such instances, the thirty (30) days’ payment period shall run from the date of the receipt of such proper and corrected invoice.

PRICE, INVOICE, AND PAYMENT. The Products to be supplied under the PO must not be invoiced at a higher price than what is shown on the face of the PO without the prior written consent of DBSDBSI. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement terms and conditions shall be borne by DBSDBSI based on the VAT amount reflected on DBSI Coupa’s compliant invoicing. All other taxes (including withholding tax), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreementterms and conditions, Vendor shall bear all such withholding taxes and DBS DBSI shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS DBSI in writing, Vendor will invoice DBS DBSI upon the delivery and the written acceptance of the Products by DBSDBSI. The invoice must itemize transportation charges, insurance and taxes separately, if applicable. If the price is omitted from the PO, the price shall be the lowest prevailing market price to be solely determined by DBSDBSI. No amounts will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS DBSI under the PO shall be subject to deduction, counterclaim or set off by DBSDBSI, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBSI at DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section aboveBank Tower, 37th Floor, Ciputra Word 1, Jalan Prof. XX. DBS Xxxxxx Xxx. 3-5, Jakarta 12940, Indonesia. DBSI shall process payment within sixty thirty (6030) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong KongIndonesia. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS DBSI (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS DBSI shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBSDBSI, in such instances, the thirty (30) days’ payment period shall run from the date of the receipt of such proper and corrected invoice.

PRICE, INVOICE, AND PAYMENT. The Products to be supplied under the PO must not be invoiced at a higher price than what is shown on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBSis in EURO. All Any prices mentioned are always excluding VAT, other taxes (including withholding tax)taxes, excise duties, assessmentscosts, levies bank costs and charges shall the like and can be borne by Vendorsubject to duties, surcharges and other factors, which are all at the expense of the Client. In the event that If any withholding taxes apply, Client shall gross up the invoiced amount to ensure that, after such withholding, IMEC receives the full amount invoiced. In case the price refers to man- days, this should be considered as a working day of eight (8) hours. All invoices under this Agreement are imposed validly sent by e-mail and are payable within 30 calendar days after date of invoice. All payments shall be without retention or set-off by Client. In case of late or non- payment of any government amount due by the Client to IMEC, such amount shall bear interest at the rate applied by the European Central Bank to its most recent refinancing operations plus ten percentage points per year from the date on which such amount has become due and payable, without any payments notice. Moreover, in the case of late payment, the invoiced amount will be increased by a fixed compensation of 10%, with a minimum of 200 EURO. Furthermore, IMEC has the right to recover compensation for all collection charges, legal fees and attorney’s fees associated therewith. Notwithstanding the foregoing, IMEC reserves the right to suspend the performance of the Project and/or terminate the Agreement due under to the Client’s non-payment in accordance with article 8. Any objection regarding the invoice shall be made in writing and sent by registered mail within 10 calendar days after date of invoice, mandatory mentioning date and reference of the invoice. Without any written objection by Client in accordance with article 7, the invoice shall be deemed accepted and thus due. If IMEC’s costs for the performance of this Agreement increase due to an increase of the market prices (for, including but not limited to, raw materials, energy, transport, insurance, subcontracting and/or personnel), IMEC shall inform Client thereof. Parties shall enter into good faith negotiations to examine the situation and to determine which financial revision is required and equitable in the circumstances. If no satisfactory agreement can be reached within 30 days of such notice, IMEC shall have the right to terminate this Agreement, Vendor without further liability and IMEC shall be compensated for all activities performed and costs made, up until the actual date of termination. This article contains any and all Client’s conditions or requirements for issuing invoices by IMEC and the payment hereof by Client and Client shall not request IMEC to comply with any other requirements or to accept any other terms and conditions of any kind which might delay or hinder the creation or payment of invoices (such as, but not limited to, acceptance of a code of conduct, compliance to Client’s procedures etc.) prior to the issuing of its invoices or payment hereof, other than explicitly agreed upon in this Agreement. If Client requests IMEC to upload invoices into its purchase management system, it shall bear all such withholding taxes costs associated therewith and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize transportation charges, insurance and taxes separately, if applicable. If the price is omitted from the PO, the price no additional fee shall be the lowest prevailing market price to be solely determined due by DBS. No amounts will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run from the date of the receipt of such proper and corrected invoiceIMEC.

PRICE, INVOICE, AND PAYMENT. The Products price for the Goods is as set forth in this Purchase Order, or if no price is stated the lower of (a) the lowest then prevailing market price for Goods and (b) the last price quoted to Purchaser as reflected in Purchaser’s records, provided if no price is stated and the price is determined in the foregoing manner, then in no event will the price be supplied under higher than that most recently in effect between the PO must parties with respect to transactions involving Goods. Prices are firm and not subject to escalation unless expressly set forth in this Purchase Order. Prices are all inclusive and Purchaser shall not be invoiced charged additional amounts for materials, supervision, facilities, benefits or other overhead, or otherwise. Seller guarantees that the price for the Goods is the lowest price currently made available by Seller, or at a higher price than what which Goods are sold by Seller, for the same or similar goods and services in like quantities, and is shown competitive with other sellers’ prices for such goods and services (the “Price Guarantee”). Seller will promptly notify Purchaser in writing of any prices that affect the Price Guarantee. Purchaser may terminate this Purchase Order if Seller breaches the Price Guarantee and shall have no obligations to pay in excess of the Price Guarantee. All invoices for Goods shipped on this Purchase Order shall be rendered by and be payable to Seller. Purchaser may withhold payment if Seller’s invoice is incorrect or does not conform to Purchaser’s invoicing instructions. When prepaid transportation charges are for P urchaser’s account (which requires Purchaser’s request on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBS. All other taxes (including withholding taxPurchase Order), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize be supported by a prepaid receipted transportation charges, insurance and taxes separately, if applicablebill. If not otherwise specified on the price is omitted from the POface of this Purchase Order, the price shall be the lowest prevailing market price to be solely determined by DBSpayment terms are Net Prox 90. No amounts Invoice payment dates will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run computed from the date of acceptance of the receipt Goods or from the date prope r and correct invoices are received by Purchaser in accordance with Purchaser’s then current requirements for the content of, and procedures for delivery of, invoices, whichever is later. Payments by Purchaser shall not be deemed evidence of acceptance by Purchaser of the Goods. Unless otherwise specified, all amounts shall be invoiced and paid in the currency of the country in which Purc xxxxx is located. Payment terms shall be governed by this Purchase Order unless more favorable terms are indicated on Seller’s invoice, in which case Purchaser, in its sole discretion, may choose to pay pursuant to the invoice’s more favorable terms, but in no event shall any other terms of the invoice modify this Purchase Order. To the extent Seller fails to invoice Purchaser for Goods within 180 days of delivery, Purchaser shall have no obligation to pay Seller for such proper Goods. Any claims for payment must be provided to Purchaser in writing within one (1) year of the date of delivery or be deemed waived and corrected invoiceany legal action for payment must be brought within one (1) year of the date on which payment was due or be forever barred.

PRICE, INVOICE, AND PAYMENT. The Products price for the Goods is as set forth in this Purchase Order, or if no price is stated the lower of (a) the lowest then prevailing market price for Goods and (b) the last price quoted to Purchaser as reflected in Purchaser’s records, provided if no price is stated and the price is determined in the foregoing manner, then in no event will the price be supplied under higher than that most recently in effect between the PO must parties with respect to transactions involving Goods. Prices are firm and not subject to escalation unless expressly set forth in this Purchase Order. Prices are all inclusive and Purchaser shall not be invoiced charged additional amounts for materials, supervision, facilities, benefits or other overhead, or otherwise. Seller guarantees that the price for the Goods is the lowest price currently made available by Seller, or at a higher price than what which Goods are sold by Seller, for the same or similar goods and services in like quantities, and is shown competitive with other sellers’ prices for such goods and services (the “Price Guarantee”). Seller will promptly notify Purchaser in writing of any prices that affect the Price Guarantee. Purchaser may terminate this Purchase Order if Seller breaches the Price Guarantee and shall have no obligations to pay in excess of the Price Guarantee. All invoices for Goods shipped on this Purchase Order shall be rendered by and be payable to Seller. Purchaser may withhold payment if Seller’s invoice is incorrect or does not conform to Purchaser’s invoicing instructions. When prepaid transportation charges are for P urchaser’s account (which requires Purchaser’s request on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBS. All other taxes (including withholding taxPurchase Order), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize be supported by a prepaid receipted transportation charges, insurance and taxes separately, if applicablebill. If not otherwise specified on the price is omitted from the POface of this Purchase Order, the price shall be the lowest prevailing market price to be solely determined by DBSpayment terms are Net Prox 90. No amounts Invoice payment dates will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run computed from the date of acceptance of the receipt of such Goods or from the date proper and corrected correct invoices are received by Purchaser in accordance with Purchaser’s then current requirements for the content of, and procedures for delivery of, invoices, whichever is later. Payments by Purchaser shall not be deemed evidence of acceptance by Purchaser of the Goods. Unless otherwise specified, all amounts shall be invoiced and paid in the currency of the country in which Purc xxxxx is located. Payment terms shall be governed by this Purchase Order unless more favorable terms are indicated on Seller’s invoice, in which case Purchaser, in its sole discretion, may choose to pay pursuant to the invoice’s more favorable terms, but in no event shall any other terms of the invoice modify this Purchase Order. To the extent Seller fails to invoice Purchaser for Goods within 180 days of delivery, Purchaser shall have no obligation to pay Seller for such Goods. Any claims for payment must be provided to Purchaser in writing within one (1) year of the date of delivery or be deemed waived and any legal action for payment must be brought within one (1) year of the date on which payment was due or be forever barred.

PRICE, INVOICE, AND PAYMENT. The Products price for the Goods is as set forth in this Purchase Order, or if no price is stated the lower of (a) the lowest then prevailing market price for Goods and (b) the last price quoted to Purchaser as reflected in Purchaser’s records, provided if no price is stated and the price is determined in the foregoing manner, then in no event will the price be supplied under higher than that most recently in effect between the PO must parties with respect to transactions involving Goods. Prices are firm and not subject to escalation unless expressly set forth in this Purchase Order. Prices are all inclusive and Purchaser shall not be invoiced charged additional amounts for materials, supervision, facilities, benefits or other overhead, or otherwise. Seller guarantees that the price for the Goods is the lowest price currently made available by Seller, or at a higher price than what which Goods are sold by Seller, for the same or similar goods and services in like quantities, and is shown competitive with other sellers’ prices for such goods and services (the “Price Guarantee”). Seller will promptly notify Purchaser in writing of any prices that affect the Price Guarantee. Purchaser may terminate this Purchase Order if Seller breaches the Price Guarantee and shall have no obligations to pay in excess of the Price Guarantee. All invoices for Goods shipped on this Purchase Order shall be rendered by and be payable to Seller. Purchaser may withhold payment if Seller’s invoice is incorrect or does not conform to Purchaser’s invoicing instructions. When prepaid transportation charges are for Purchaser’s account (which requires Purchaser’s request on the face of the PO without the prior written consent of DBS. All goods and service tax, and value added tax chargeable by law on any payment due under this Agreement shall be borne by DBS. All other taxes (including withholding taxPurchase Order), duties, assessments, levies and charges shall be borne by Vendor. In the event that any withholding taxes are imposed by any government on any payments due under this Agreement, Vendor shall bear all such withholding taxes and DBS shall deduct such taxes from payments due to Vendor and forward the balance to Vendor without any obligation to gross up such payment or pay Vendor any amount so withheld. Unless otherwise instructed by DBS in writing, Vendor will invoice DBS upon the delivery and the written acceptance of the Products by DBS. The invoice must itemize be supported by a prepaid receipted transportation charges, insurance and taxes separately, if applicablexxxx. If not otherwise specified on the price is omitted from the POface of this Purchase Order, the price shall be the lowest prevailing market price to be solely determined by DBSpayment terms are Net Prox 90. No amounts Invoice payment dates will be payable for packing (including repacking), labelling, commissions, customs duties, storage, crating, or express handling unless specifically agreed in the PO. All amounts payable by DBS under the PO shall be subject to deduction, counterclaim or set off by DBS, whether arising out of the PO or any other transaction with Vendor or any of its related corporations. All invoices shall be addressed to DBS and submitted via Coupa supplier portal: (xxxxx://xxxxxxxx.xxxxxxxxx.xxx/ ) or sent to such address specified in the Instruction to Vendor section above. DBS shall process payment within sixty (60) days of the receipt of the invoice subject to the following: (a) All payments will be made in accordance with the laws of Hong Kong. (b) All invoices must (i) reflect the purchase order number, ((ii) be issued in duplicate (iii) be accompanied by supporting documents duly-signed and stamped by the relevant authorized officers of DBS (iv) submitted in the agreed currency. Invoices that do not satisfy the requirements stated earlier will be rejected and returned to Vendor and DBS shall have no liability or responsibility for making any such payment until a proper and corrected invoice is received by DBS, in such instances, the thirty (30) days’ payment period shall run computed from the date of acceptance of the receipt of such Goods or from the date proper and corrected correct invoices are received by Purchaser in accordance with Purchaser’s then current requirements for the content of, and procedures for delivery of, invoices, whichever is later. Payments by Purchaser shall not be deemed evidence of acceptance by Purchaser of the Goods. Unless otherwise specified, all amounts shall be invoiced and paid in the currency of the country in which Purchaser is located. Payment terms shall be governed by this Purchase Order unless more favorable terms are indicated on Seller’s invoice, in which case Purchaser, in its sole discretion, may choose to pay pursuant to the invoice’s more favorable terms, but in no event shall any other terms of the invoice modify this Purchase Order. To the extent Seller fails to invoice Purchaser for Goods within 180 days of delivery, Purchaser shall have no obligation to pay Seller for such Goods. Any claims for payment must be provided to Purchaser in writing within one (1) year of the date of delivery or be deemed waived and any legal action for payment must be brought within one (1) year of the date on which payment was due or be forever barred.