Art. 5. FORCE MAJEURE

5.1 SELLER is not responsible for any failure to perform, including, without limitation, late delivery or failure to deliver, which failure to perform is caused

by occurrences beyond said Party’s reasonable control “Force Majeure Event”, including, but not limited to late delivery or not delivery of raw materials

and/or components by suppliers, increasing of the prices of such raw materials and/or components of more than 10%, suspension of or difficulties in

transportation, strikes, lock-down, pandemics, epidemic, labour disputes of any kind, fires, accidents, earthquakes and other natural events, riots, war

(whether declared or undeclared), uprisings, delay of carriers, government seizures, embargos.

5.2 In case of the occurrence of one of the facts mentioned here above, the Party effected by such force majeure fact shall notify to the other party the

impossibility to perform its obligations at the moment. Therefore the Parties shall negotiate a new term of delivery and/or a new price taking into account

the increasing of the raw materials, energy and/or components or the difficulties arisen out of the logistic of the products. Meanwhile the Parties are

authorized to suspend any fulfilment of their obligations for a duration of two months. Once expired such period of time, any Party may terminate the

agreement.

Art. 6. DISPUTES SETTLEMENT

6.1 Any dispute arising out of or related to the present contract whit Buyers having their seat outside the European Union (U.E) territory shall be settled

by arbitration under the Rules of the Chamber of Arbitration of Milan (the Rules), by a sole arbitrator, appointed in accordance with the Rules. Place of the

Arbitration shall be Milan, Italy. Language of the Arbitration shall be English.

6.2 For any dispute arising out of or related to the present contract whit Buyers having their seat in the European Union (U.E) territory the Court of Novara

(Italy) shall have the exclusive jurisdiction.

2024 PRICE LIST

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