FEDERAL TRADE AGREEMENT
POLICY REF - 22184736/EC02

Issued on : Sunday, 29 July 2001 / Expires on : Friday, 29 July 2021

Terms & Conditions of Trade :

1. All contracts are carried out only on the basis of these Terms and Conditions and no variation shall be binding on the R3 Corporation unless in writing signed by a Director of the R3 Corporation.

2. Save for the Terms and Conditions set out below all conditions Warranties or Terms of business or usage express or implied statutory or otherwise are hereby expressly excluded.

3. Goods are not tested or sold as if for any particular purpose and any term, warranty or condition express implied or statutory to the contrary is excluded. In no circumstances whatsoever shall the R3 Corporations' liability (in contract, tort or otherwise) to the customer, arising under, out, or in connection with this contract or the goods supplied hereunder, exceed the invoice price of the particular pieces concerned, and the R3 Corporation shall be under no liability, for loss or damage howsoever arising caused by circumstances outside its control. Furthermore, since the R3 Corporation has no knowledge of or control over the use to which the goods may be put, or method of storage applied since leaving the R3 Corporation's premises the R3 Corporation cannot accept any liability for consequential or economic loss however caused, and whether resulting directly or indirectly from any breach of said terms, warranties or conditions or from any act, neglect or default on the part of the R3 Corporation, it's employees, officers or agents.

4. a)Title to all goods supplied hereunder shall remain vested in the R3 Corporation until payment is made in full by the Customer.

b)Sub-condition (a) shall not prevent the Customer from embodying the goods in any product or from selling the goods or any product embodying the goods but until such time the Customer shall keep the goods separate and identifiable. In such an event (to the extent of the customers indebtedness to the R3 Corporation in respect of the goods) the Customer shall:

i) Hold the proceeds of sale or the right to receive the same on trust for the R3 Corporation;

ii) Place the proceeds of sale in a separate account of the customer in such a way as to be identifiable as in the beneficial ownership of the R3 Corporation;

and

iii) At the R3 Corporation's request assign the right to receive the proceeds of sale to the R3 Corporation.

c) Upon the happening of any of the following events ('events of defaults') the R3 Corporation without prejudice to its other rights under these conditions shall be entitled to enter upon any land or premises where the goods or any product embodying the goods may be for the time being to detach the goods it so embodied and to recover possessing of them namely :

i) Where the Customer shall fail to make payment in full on the due date for all goods supplied hereunder.

ii) Where the Customer shall have a Receiving Order made against him or become bankrupt or enter into any agreement or composition with his creditors.

iii) Where the Customer being an Incorporated Company shall have a Receiver appointed or pass a Resolution to wind-up or have an Order of the Court made against it to any such effect.

d) Upon the occurrence of an event of default of all sums then standing to the credit of the R3 Corporation whether subject to this contract or not shall become due and payable with immediate effect.

5. The prices for the Goods quoted to the Customer are subject to nay increase by the R3 Corporation in the prices of such products becoming effective before delivery of the Goods which will be invoiced at the price ruling at date of dispatch.

6. Terms of payment are as specified on the R3 Corporation's invoice with time of payment being the essence of the contract and if payment is not made on the due date interest will be charged at the rate of 4% per annum over the base rate of FedBank Universal Plc for the time being.

7. a)The decision to pack and the method of packing goods is at the R3 Corporations' discretion. Any excess costs for special packing if requested by the Customer shall be for the Customer's account.

b) the R3 Corporation will use its best endeavour to deliver the Goods by the date(s) specified in the Order/Contract but shall be under no legal obligation to do so and in no circumstances will the R3 Corporation be liable for any delay or for any loss or damage whatsoever caused directly or indirectly by any delay in the delivery of the goods. The Customer undertakes despite delay to accept the goods on delivery by the R3 Corporation.

c) the R3 Corporation reserves the right to deliver the goods by installments and failure of any delivery or any defect in the contents thereof shall not entitle the Customer to refuse any other delivery.

8. If the delivery of the goods is in the R3 Corporation's opinion rendered impracticable by any reason of Act of God, industrial action, trade disputes, restrictions of supplies, Government control, inevitable accident, force majure or any other circumstances outside its control the R3 Corporation shall be at liberty to terminate the contracts by notice without liability to the Customer for loss or damage directly or indirectly arising therefrom.

9. The goods shall be at the Customers risk from the time of order.

10. If any Goods are ready for delivery but are held back at the buyer's request or the buyer fails to accept delivery, the R3 Corporation may require the Customer to pay reasonable storage charges(as determined by the R3 Corporation) after the expiry of seven days from the date of the Customer being notified that the Goods are ready for despatch.

11. Orders placed cannot be altered, suspended or cancelled except with the R3 Corporations' written consent and on terms which will indemnify the R3 Corporation against loss.

12. Notice of any claim arising out of or in connection with this contract must be given in writing to the R3 Corporation within thirty working days from the date when the goods are collected or delivered failing which all claims shall be waived and absolutely barred and no claims will be entertained unless goods are in exactly the same condition as when collected or delivered.

13. Waiver by the R3 Corporation of any breach of the Terms and Conditions or any granting of time or indulgence by the R3 Corporation to the Customers shall in no way affect the rights of the R3 Corporation hereunder.

14. The R3 Corporation use their own cargo-freighters as well as 3rd party hauliers and carriers. The R3 Corporation cannot be held responsible for any personal injury or resulting damage or loss caused in transit by themselves or any involved 3rd party. Any claims made will be forwarded to the appropriate haulier or carrier concerned.

15. The Contract formed by the Order and this acceptance shall be governed by and in accordance with Federal law. Any disputes arising out of these Conditions shall be submitted exclusively to the jurisdiction of the Federal Courts.

16. Any clerical error or omissions contained in the R3 Corporation's quotation, acknowledgement or invoice shall be rectified by the R3 Corporation on discovery and as soon as practicable notified to the Customer, such errors or omissions shall not be binding on the R3 Corporation and rectification thereof shall not invalidate the contract.

Corporation
R3 Building, Sector 2/12-05, Manchester, Trojan, Eta Cassioepia (0,2)