1. Scope The following Terms and Conditions of Sale (the “Agreement”) cover any sale of equipment or materials (“Products”)
by Iluminar Inc. to Purchaser (the “Customer”).
2. Credit Approval
Iluminar Inc. sale of Products is subject to Iluminar Inc.’ credit approval of Customer. Iluminar Inc. may require at any time
that Customer submit a deposit or other form of security. Customer hereby authorizes all banks and suppliers listed in the
Credit Application to release information necessary to assist Iluminar Inc. in the establishment of a line of credit for
The submission of an Order by the Customer and its acceptance by Iluminar Inc. is Iluminar Inc.’ agreement to provide,
and Customer’s agreement to accept and pay for, Products in accordance with these terms and conditions.
All prices are exclusive of taxes. Except for taxes on Iluminar Inc.’ income, Customer will pay all taxes, including, but not
limited to sales, use property, gross receipts, excise, VAT, bypass or other local, state or federal taxes or charges
imposed on the provision of Products or Services. Customer will provide Iluminar Inc. with a tax exemption certificate
acceptable to the taxing authorities. A valid tax exemption, resale, or tax nexus must be provided for tax exemption based
on the tax requirements of the ship-to state. In the absence of a tax exemption certificate, taxes will be charged and
payable until a valid tax exemption certificate is on file.
5. Payment Terms
Customer will pay Iluminar Inc.’ invoices in full in U.S. currency within 30 days of the invoice date. Failure to make
payment of amounts past due within 10 days following Iluminar Inc.’ written notice of non-payment may, at Iluminar Inc.’
option, result in immediate termination of the Agreement or Order. If Customer fails to pay charges for Products when
due, Customer will pay interest on those charges equal to the lesser of 1.5% per month or the maximum rate allowed by
law. Delinquent account balances are subject to placement for collection, and Customer will pay any reasonable
expenses incurred by Iluminar Inc. for such collection activities.