Common use of Warranties and Returns Clause in Contracts

Warranties and Returns. Schedule 2.12.1 to the Disclosure Memorandum sets forth the refund policies that pertain to the Company’s business, products or services. Schedule 2.12.1 to the Disclosure Memorandum also discloses the amounts charged to “returns” from the Company’s operations on the Company’s books and records for the past three years. Other than as set forth on Schedule 2.12.1 to the Disclosure Memorandum, the Company has not made any express warranties in connection with the sale or license of products or services or the performance of services. Aggregate Claims against the Company for Warranty Costs with respect to products or services during each of the Company’s last three fiscal years did not exceed $25,000 per year, and there are no outstanding or, to the Knowledge of the Company, threatened, Claims for any such Warranty Costs that would individually exceed $10,000.

Warranties and Returns. Schedule 2.12.1 to the Disclosure Memorandum sets forth the refund policies that pertain to the Company’s business, products or services. Schedule 2.12.1 to the Disclosure Memorandum also discloses the amounts charged to “returns” from the Company’s operations on the Company’s books and records for the past three years. Other than as set forth on Schedule 2.12.1 to the Disclosure Memorandum, the Company has not made any express warranties in connection with the sale or license of products or services or the performance of services. Aggregate Claims against the Company for Warranty Costs with respect to products or services during each of the Company’s last three fiscal years did not exceed $25,000 per year, and there are no outstanding or, to the Knowledge of the Company, threatened, Claims for any such Warranty Costs that would individually exceed $10,00010,000 individually or $50,000 in the aggregate.