Quotes and Purchase Orders

Pricing

Due to ongoing pricing volatility in most raw materials markets, WPT approved material suppliers have begun quoting material as “Price in Effect” (P.I.E.) at time of shipment. Therefore, all WPT customer PO’s are understood to accept P.I.E. adjustments at time of shipping. We do expect materials market stabilization to occur sometime in the future. However, until then, we will be unable to estimate firm material pricing in our quotes. As always, we are fully committed to providing high quality products and services to you and appreciate your business and continued support.

Prices on the goods specified do not include any city, state, or federal excise taxes, including, without limitation, taxes on manufacture, sales, receipts, gross income, occupation, use, and similar taxes, fees, or other charges imposed by governmental entities. When applicable, taxes will be added to the invoice as a separate charge to be paid by Buyer. If an exemption from a tax is claimed, supporting documents must be furnished by Buyer prior to delivery. Unless otherwise stated, any and all sales quotations provided by WPT to Buyer shall automatically expire fourteen (14) calendar days from the date issued, and are subject to termination by WPT by notice to Buyer at any time.

Terms of Payment

Unless otherwise agreed to, all payments shall be due thirty (30) days after the date of WPT invoice. All payments made after thirty (30) days from the date of the invoice shall be subject to a service charge of one and one-half percent (1.5%) per month based on the outstanding balance. WPT is NOT responsible for errors made in manufacturing parts when working with solid models without detailed engineering drawings with tolerances. Customer MUST provide a part number with revision and part name. For Research and Development (R&D) prototype projects, WPT reserves the right to adjust estimated costs upon project completion in the event of unforeseen circumstances. Additional quote(s) may be necessary for engineering costs not initially quoted.

Delivery & Risk of Loss

All shipments under the initial order are F.O.B. WPT facility, Shelton, CT and all risk of loss shall pass to Buyer at that time regardless of the method of shipment that may be elected by Buyer. Shipping will either be paid by Buyer’s shipping account or added as a separate charge on the invoice.

Materials

Contract manufacturing orders are conditional upon WPT’s ability to obtain the necessary raw materials at a reasonable price, and all shipments under the order are subject to WPT supply schedules and any government regulations, orders, directives, and restrictions that may be in effect. Customer will be contacted before manufacturing should raw material prices or lead times change significantly.

Material Suppliers

Due to ongoing pricing volatility in most raw materials markets, WPT approved material suppliers have begun quoting material as “Price in Effect” (P.I.E.) at time of shipment. Therefore, all WPT customer PO’s are understood to accept P.I.E. adjustments at time of shipping. We do expect materials market stabilization to occur sometime in the future. However, until then, we will be unable to estimate firm material pricing in our quotes. As always, we are fully committed to providing high quality products and services to you and appreciate your business and continued support.”