TELERADIO COMPANY TERMS AND CONDITIONS OF SALE
1. AGREEMENT: The Purchaser grants to TeleRadio and TeleRadio retains a
security interest in all equipment shipped pursuant to this contract and the
proceeds thereof until the Purchaser shall have made full payment for the
equipment. In the event of a failure to make payment on the date when due
in accordance with the terms designated, the entire balance shall become
due and payable at once. In case of default of payment,TeleRadio shall have
the right to enter the premises of purchaser and take possession of the
equipment immediately, wherever it may be found, and remove it with or
without process of law and may retain all money paid hereunder as liquida-
ted damages and rental for said equipment. While any amounts are payable
to TeleRadio, the Purchaser shall not sell, mortgage, pledge or lease said
TeleRadio equipment without the prior written permission of TeleRadio.
2.WARRANTIES: Subject to the limitations below,TeleRadio warrants all of
its products to be free from material defects in material and workmanship.
However,TeleRadio's liability under such warranty shall be limited to repair
or replacement of any product which TeleRadio's inspection shall disclose
to have been defective.This warranty does not apply to any products, which
have been subject to abuse, mishandling, or improper use, and does not
include field labor of any type.TeleRadio's quotation does not include price
provision for performance bond of indemnity.Therefore, the additional cost
incurred to provide such a bond shall be added to the total amount of this
quote and paid by Purchaser. The warranty period for any equipment ship-
ped hereunder is one (1) year and covers all labor and material manufactu-
red by TeleRadio, provided Purchaser returns them to the factory for repair.
Defective items will be repaired or replaced free of charge at TeleRadio's
discretion, during the one- (1) year term of this warranty. Freight and/or
postage are not covered by said warranty and will be paid by Purchaser.Any
services rendered in the field will be performed at current rates for time
and travel at the discretion of TeleRadio and will be paid by the Purchaser.
All commercial grade products of TeleRadio carry a warranty period of one
(1) year. Batteries, cases, switches, and such other items subject to normal
wear and deterioration are not included in this warranty.
TeleRadio's warranty period begins at system receipt after direct shipment
to the Purchaser.
197