Plot No.

155, KIADB Industrial Area

Bommasandra, Bengaluru
Karnataka, India 560099

Quotation Number : FAIL4059170123V7082017645 Revision ID(0) 17-01-2023

Customer Name : M/S LOKESH MACHINES LIMITED(Office)
B-29, E.E.I.E, STAGE II BALANAGAR ,
Hyderabad
Telangana
India- 500037

Kind Attention : M. SRI KRISHNA

Dear Sir,

We thank you for your interest shown on our FANUC Factory Automation CNC Products. Further to our discussions, please find
below our best offer on behalf of FANUC India Pvt. Ltd.

S No. CNC Package Configuration CNC Package Price(***)

1. B12iF - 4th axis ₹ 104,700

TERMS , CONDITIONS & BANK DETAILS

PRICES : Price Quoted is EX-Works Bommasandra
FREIGHT & INSURANCE : To be arranged by LOKESH MACHINES LIMITED(Office)
DELIVERY : Ex-Factory, Bommasandra-560099
PAYMENT TERMS : 30 days PDC at 9% Interest p.a
VALIDITY : Quotation is Valid till 16-02-2023
WARRANTY FEE : Domestic Warranty Included
BANK NAME : Axis Bank Ltd.
BRANCH NAME : M.G. Road Branch
BRANCH ADDRESS : # 09, Esquire Centre, M.G. Road, Bangalore - 560001
BRANCH MICR CODE : 560211002
IFSC CODE : UTIB0000009
ACCOUNT NO : 009010200029564
EMAIL ID FOR RECEIPT OF : payment.intimation@fanucindia.com
PAYMENT ADVANCE
FANUC Policy prohibits these products from being used for the development, production, use or stockpiling of weapons of mass
destruction (nuclear weapons, biological weapons, chemical weapons, or missiles). Further, re -export to another country may
be subject to the license of the country from where the product is re-exported.

Exchange Rate:
We have considered exchange rate of ¥1 = Rs. 0.5076 as bench mark for this price. Prices may change based on Exchange Rate
Variation. All other statutory taxes and levies are extra and payable by purchaser as applicable at the time of dispatch.
We hope that our offer is in line your requirement & should you need any clarification please feel free to contact us. We await your
valuable PURCHASE ORDER.
The CNC system package described in this quotation is meant for use by the organization to whom this quotation has been
addressed. It is not permitted to re-sell this CNC system package in the same condition without electro-mechanical interface before
obtaining written authorization from FANUC India.
Thanking you once again and assuring you of our best services.

Yours Sincerely,
For FANUC India Private Limited.

Vijayakumar Jayaraman Sandeep K.P

Assistant Manager, Sales SZ, FA Department Assistant Manager Grade II, Sales SZ 5, FA
Department
This is a computer-generated document, hence does not require signature

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

1
 Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099

Detailed BOM of Quotation No.: FAIL4059170123V7082017645 Dated: 17-01-2023

Below BOM is per CNC Package.
S No. Description Specification Quantity
1 AC line filter for aiPSR 3 A81L-0001-0171 1
2 Battery case For 1-axis BiSV **-B A06B-6093-K002 1
3 Battery For 1-axis BiSV **-B A06B-6093-K001 1
4 BiSV 20-B (FSSB) A06B-6160-H002 1
5 CONNECTOR A06B-6110-K200#XXSS 1
6 CONNECTOR,PLUSECODER A06B-6073-K214 1
7 CONNECTOR KIT A06B-6130-K201 1
8 Connector kit for signal (CX29) A06B-6130-K203 1
9 CONNECTOR KIT A06B-6130-K204 1
10 Connector kit for signal (CXA20) A06B-6130-K202 1
11 Separated regenerative discharge res A06B-6130-H402 1
12 Optical fiber cable for inside wire (1m) A02B-0236-K853 1
13 FUSE SVM A06B-6073-K250 1
14 BiF 12/2000-B A06B-2053-B103 1
15 CONNECTOR KIT A06B-6114-K204#E 1
16 Power connector A06B-6200-K823 1
17 FAN unit (with FBB I/F) A06B-6134-K005 1

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

2
 Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099

Exchange Rate Variation Clause - Mechanism for Determining Final Selling Price
The exchange rate declared on this quotation is a Bench Rate that bears a direct correlation to the Customs Exchange Rate
declared by the Government of India from time to time. The final selling price will be determined on the Bench Rate prevalent at
the time (month, date) of billing the CNC System Package from FANUC India to the purchaser LOKESH MACHINES LIMITED
(Office)
The variation in price should be borne by LOKESH MACHINES LIMITED(Office)
The mechanism that will be adopted for fixing the Bench Rate will be as follows:
(i). Re-set Date -Bench Rate will be reset three times a year: on Aug 1st, Dec 1st, Apr 1st.
(ii).Information on Re-set to MTB - will be shared with customers having pending orders on Jun 30th, Oct 31st, Feb 28th.
(iii).Basis of Re-set - will be weighted average of the Indian Customs Exchange Rate for imports
announced for immediately
Preceding 4 months. Apr 1 reset will be based on weighted average of Dec, Jan, Feb, Mar.
Similarly, for Aug 1 (Apr, May, Jun, Jul) and Dec 1 (Aug, Sep, Oct, Nov).
(vi).Percentage Re-set - The weighted average rate as calculated in iii above will determine the FIL re-set
bench rate as per table below:

Estimated Range Percentage Re-set with

FIL Re-set Bench Rate
of Customs Exchange Rate reference to 0.5141 Bench
1 0.3701 ~ 0.3725 0.3716 <38.3%>
1a 0.3726 ~ 0.3750 0.3731 <37.8%>
1b 0.3751 ~ 0.3775 0.3746 <37.2%>
1c 0.3776 ~ 0.3800 0.3761 <36.7%>
2 0.3801 ~ 0.3825 0.3776 <36.1%>
2a 0.3826 ~ 0.3850 0.3792 <35.6%>
2b 0.3851 ~ 0.3875 0.3808 <35.0%>
2c 0.3876 ~ 0.3900 0.3824 <34.4%>
3 0.3901 ~ 0.3925 0.3841 <33.8%>
3a 0.3926 ~ 0.3950 0.3857 <33.3%>
3b 0.3951 ~ 0.3975 0.3873 <32.7%>
3c 0.3976 ~ 0.4000 0.3889 <32.2%>
4 0.4001 ~ 0.4025 0.3906 <31.6%>
4a 0.4026 ~ 0.4050 0.3922 <31.1%>
4b 0.4051 ~ 0.4075 0.3938 <30.5%>
4c 0.4076 ~ 0.4100 0.3954 <30.0%>
5 0.4101 ~ 0.4125 0.3971 <29.5%>
5a 0.4126 ~ 0.4150 0.3987 <28.9%>
5b 0.4151 ~ 0.4175 0.4003 <28.4%>
5c 0.4176 ~ 0.4200 0.4019 <27.9%>
6 0.4201 ~ 0.4225 0.4036 <27.4%>
6a 0.4226 ~ 0.4250 0.4052 <26.9%>
6b 0.4250 ~ 0.4275 0.4068 <26.4%>
6c 0.4276 ~ 0.4300 0.4084 <25.9%>
7 0.4301 ~ 0.4325 0.4101 <25.4%>
7a 0.4326 ~ 0.4350 0.4117 <24.9%>
7b 0.4351 ~ 0.4375 0.4133 <24.4%>
7c 0.4376 ~ 0.4400 0.4149 <23.9%>
8 0.4401 ~ 0.4425 0.4166 <23.4%>
8a 0.4426 ~ 0.4450 0.4182 <22.9%>
8b 0.4451 ~ 0.4475 0.4198 <22.5%>
8c 0.4476 ~ 0.4500 0.4214 <22.0%>
9 0.4501 ~ 0.4525 0.4231 <21.5%>
9a 0.4526 ~ 0.4550 0.4247 <21.1%>
9b 0.4551 ~ 0.4575 0.4263 <20.6%>
9c 0.4576 ~ 0.4600 0.4279 <20.1%>
10 0.4601 ~ 0.4625 0.4296 <19.7%>
10a 0.4626 ~ 0.4650 0.4312 <19.2%>
10b 0.4651 ~ 0.4675 0.4328 <18.8%>
10c 0.4676 ~ 0.4700 0.4344 <18.3%>

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

3
 Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099

Estimated Range Percentage Re-set with

FIL Re-set Bench Rate
of Customs Exchange Rate reference to 0.5141 Bench
11 0.4701 ~ 0.4725 0.4361 <17.9%>
11a 0.4726 ~ 0.4750 0.4377 <17.5%>
11b 0.4751 ~ 0.4775 0.4393 <17.0%>
11c 0.4776 ~ 0.4800 0.4409 <16.6%>
12 0.4801 ~ 0.4825 0.4426 <16.2%>
12a 0.4826 ~ 0.4850 0.4442 <15.7%>
12b 0.4851 ~ 0.4875 0.4458 <15.3%>
12c 0.4876 ~ 0.4900 0.4474 <14.9%>
13 0.4901 ~ 0.4925 0.4491 <14.5%>
13a 0.4926 ~ 0.4950 0.4507 <14.1%>
13b 0.4951 ~ 0.4975 0.4523 <13.7%>
13c 0.4976 ~ 0.5000 0.4539 <13.3%>
14 0.5001 ~ 0.5025 0.4556 <12.8%>
14a 0.5026 ~ 0.5050 0.4572 <12.4%>
14b 0.5051 ~ 0.5075 0.4588 <12.1%>
14c 0.5076 ~ 0.5100 0.4604 <11.7%>
15 0.5101 ~ 0.5125 0.4621 <11.3%>
15a 0.5126 ~ 0.5150 0.4637 <10.9%>
15b 0.5151 ~ 0.5175 0.4653 <10.5%>

15c 0.5176 ~ 0.5200 0.4669 <10.1%>

16 0.5201 ~ 0.5225 0.4686 <9.7%>
16a 0.5226 ~ 0.5250 0.4702 <9.3%>
16b 0.5251 ~ 0.5275 0.4718 <9.0%>
16c 0.5276 ~ 0.5300 0.4734 <8.6%>
17 0.5301 ~ 0.5325 0.4751 <8.2%>
17a 0.5326 ~ 0.5350 0.4767 <7.8%>
17b 0.5351 ~ 0.5375 0.4783 <7.5%>
17c 0.5376 ~ 0.5400 0.4799 <7.1%>
18 0.5401 ~ 0.5425 0.4816 <6.7%>
18a 0.5426 ~ 0.5450 0.4832 <6.4%>
18b 0.5451 ~ 0.5475 0.4848 <6.0%>
18c 0.5476 ~ 0.5500 0.4864 <5.7%>
19 0.5501 ~ 0.5525 0.488 <5.3%>
19a 0.5526 ~ 0.5550 0.4897 <5.0%>
19b 0.5551 ~ 0.5575 0.4913 <4.6%>

19c 0.5576 ~ 0.5600 0.4929 <4.3%>

20 0.5601 ~ 0.5625 0.4946 <3.9%>
20a 0.5626 ~ 0.5650 0.4962 <3.6%>
20b 0.5651 ~ 0.5675 0.4978 <3.3%>
20c 0.5676 ~ 0.5700 0.4994 <2.9%>
21 0.5701 ~ 0.5725 0.5011 <2.6%>
21a 0.5726 ~ 0.5750 0.5027 <2.3%>
21b 0.5751 ~ 0.5775 0.5043 <1.9%>
21c 0.5776 ~ 0.5800 0.5059 <1.6%>
22 0.5801 ~ 0.5825 0.5076 <1.3%>
22a 0.5826 ~ 0.5850 0.5092 <1.0%>
22b 0.5851 ~ 0.5875 0.5108 <0.6%>
22c 0.5876 ~ 0.5900 0.5124 <0.3%>
23 0.5901 ~ 0.5925 0.5141 0.0%
23a 0.5926 ~ 0.5950 0.5154 0.3%
23b 0.5951 ~ 0.5975 0.5167 0.5%
23c 0.5976 ~ 0.6000 0.5180 0.8%
24 0.6001 ~ 0.6025 0.5192 1.0%
24a 0.6026 ~ 0.6050 0.5205 1.2%
24b 0.6051 ~ 0.6075 0.5218 1.5%

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

4
 Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099

Estimated Range Percentage Re-set with

FIL Re-set Bench Rate
of Customs Exchange Rate reference to 0.5141 Bench
24c 0.6076 ~ 0.6100 0.5231 1.8%
25 0.6101 ~ 0.6125 0.5244 2.0%
25a 0.6126 ~ 0.6150 0.5257 2.3%
25b 0.6151 ~ 0.6175 0.5270 2.5%

25c 0.6176 ~ 0.6200 0.5283 2.8%

26 0.6201 ~ 0.6225 0.5295 3.0%
26a 0.6226 ~ 0.6250 0.5308 3.2%
26b 0.6251 ~ 0.6275 0.5321 3.5%
26c 0.6276 ~ 0.6300 0.5334 3.8%
27 0.6301 ~ 0.6325 0.5347 4.0%
27a 0.6326 ~ 0.6350 0.5365 4.4%
27b 0.6351 ~ 0.6375 0.5383 4.7%
27c 0.6376 ~ 0.6400 0.5401 5.1%
28 0.6401 ~ 0.6425 0.5419 5.4%
28a 0.6426 ~ 0.6450 0.5440 5.8%
28b 0.6451 ~ 0.6475 0.5461 6.2%
28c 0.6476 ~ 0.6500 0.5482 6.6%
29 0.6501 ~ 0.6525 0.5501 7.0%
29a 0.6526 ~ 0.6550 0.5520 7.4%
29b 0.6551 ~ 0.6575 0.5539 7.7%
29c 0.6576 ~ 0.6600 0.5558 8.1%
30 0.6601 ~ 0.6625 0.5578 8.5%
30a 0.6626 ~ 0.6650 0.5597 8.9%
30b 0.6651 ~ 0.6675 0.5616 9.2%
30c 0.6676 ~ 0.6700 0.5635 9.6%
31 0.6701 ~ 0.6725 0.5655 10.0%
31a 0.6726 ~ 0.6750 0.5681 10.5%
31b 0.6751 ~ 0.6775 0.5707 11.0%
31c 0.6776 ~ 0.6800 0.5733 11.5%
32 0.6801 ~ 0.6825 0.5758 12.0%
32a 0.6826 ~ 0.6850 0.5777 12.4%
32b 0.6851 ~ 0.6875 0.5796 12.7%
32c 0.6876 ~ 0.6900 0.5815 13.1%
33 0.6901 ~ 0.6925 0.5835 13.5%
33a 0.6926 ~ 0.6950 0.5857 13.9%
33b 0.6951 ~ 0.6975 0.5879 14.4%
33c 0.6976 ~ 0.7000 0.5901 14.8%
34 0.7001 ~ 0.7025 0.5924 15.2%
34a 0.7026 ~ 0.7050 0.5957 15.9%
34b 0.7051 ~ 0.7075 0.5990 16.5%
34c 0.7076 ~ 0.7100 0.6023 17.2%
35 0.7101 ~ 0.7125 0.6057 17.8%
35a 0.7126 ~ 0.7150 0.6090 18.5%
35b 0.7151 ~ 0.7175 0.6123 19.1%
35c 0.7176 ~ 0.7200 0.6156 19.7%
36 0.7201 ~ 0.7225 0.6191 20.4%
36a 0.7226 ~ 0.7250 0.6224 21.1%
36b 0.7251 ~ 0.7275 0.6257 21.7%
36c 0.7276 ~ 0.7300 0.6290 22.3%
37 0.7301 ~ 0.7325 0.6324 23.0%
37a 0.7326 ~ 0.7350 0.6357 23.7%
37b 0.7351 ~ 0.7375 0.6390 24.3%
37c 0.7376 ~ 0.7400 0.6423 24.9%
38 0.7401 ~ 0.7425 0.6457 25.6%
38a 0.7426 ~ 0.7450 0.6490 26.2%

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

5
 Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099

Estimated Range Percentage Re-set with

FIL Re-set Bench Rate
of Customs Exchange Rate reference to 0.5141 Bench
38b 0.7451 ~ 0.7475 0.6523 26.9%
38c 0.7476 ~ 0.7500 0.6556 27.5%
39 0.7501 ~ 0.7525 0.6591 28.2%
39a 0.7526 ~ 0.7550 0.6624 28.8%
39b 0.7551 ~ 0.7575 0.6657 29.5%
39c 0.7576 ~ 0.7600 0.6690 30.1%
40 0.7601 ~ 0.7625 0.6724 30.8%
40a 0.7626 ~ 0.7650 0.6757 31.4%
40b 0.7651~ 0.7675 0.6790 32.1%
40c 0.7676 ~ 0.7700 0.6823 32.7%
41 0.7701 ~ 0.7725 0.6857 33.4%
41a 0.7726 ~ 0.7750 0.6890 34.0%

41b 0.7751 ~ 0.7775 0.6923 34.7%

41c 0.7776 ~ 0.7800 0.6956 35.3%
42 0.7801 ~ 0.7825 0.6991 36.0%
42a 0.7826 ~ 0.7850 0.7024 36.6%
42b 0.7851 ~ 0.7875 0.7057 37.3%
42c 0.7876 ~ 0.7900 0.7090 37.9%
43 0.7876 ~ 0.7900 0.7124 38.6%
43a 0.7926 ~ 0.7950 0.7157 39.2%
43b 0.7951 ~ 0.7975 0.7190 39.9%
43c 0.7976 ~ 0.8000 0.7223 40.5%

In the event CNC System package is not lifted on timely basis from FIL, and LOKESH MACHINES LIMITED(Office)
Lifts it in following months, the package will attract the highest bench rate between package receipt and package billing dates.

CUSTOMER NAME: LOKESH MACHINES LIMITED(Office) PACKAGE NAME: B12iF - 4th axis

6

General  Terms & Conditions
The term used hereafter termed “Seller” or “we” or “our” or “us” stands for FANUC India Private Limited (FIL). The term “Buyer” is referred to the company/firm/any association/individual/group of individuals or any such
who issues Purchase Order on FIL or accepts these terms and conditions explicitly or implied manner.
1. VALIDITY OF QUOTATION
This quotation will be valid only for 30 days from its date, unless it is specified
otherwise or modified, amended or revalidated in writing by us. Any change to this
quotation is at our sole discretion. In case of no revalidation being made to this
quotation, it automatically expires on closure of 30th day from date of the quotation.
2. ACCEPTANCE
The Buyer may either send exclusive acceptance for this quotation and its terms and
conditions. Buyer issuing a Purchase Order to us also implies their acceptance to this
quotation and its terms and conditions, and the buyer will be bound by all terms and
conditions. Each quotation accepted shall constitute an individual legally binding
contract between Buyer and Seller. Such contract is hereinafter referred to in these
terms and conditions as "an order".
Our, this terms and conditions of sale supersede all other terms and conditions of the
Buyer. No specific terms and conditions of the Buyer will be valid unless accepted in
writing by our authorized signatory.
Buyer agrees that purchase orders placed on us will be considered non-cancellable
and all products / services delivered under these purchase orders will be considered non-
returnable. We will not be bound by any condition attaching to the Buyer’s order including
any purchase order or acceptance of a quotation unless such condition is expressly
accepted by us in writing.
Changes or cancellations to orders requested by the Buyer will not be effective unless
accepted in writing by the Seller. The Buyer is liable for any costs, expenses, and
liabilities incurred by the Seller in connection with any change to an order.
3. SPECIFICATION
Any goods that the buyer intends to purchase from the seller must be in accordance
with the quotation given and any further specification or description agreed or expressly
list or set out on the face of the quotation / proposal.
4. INCO-TERMS
Our standard Inco-terms is “Ex-Works” FANUC India Private Limited, Plot No.155, KIADB
Industrial Area, Bommasandra, Bengaluru, Karnataka, India 560099 unless otherwise it is
specified in quotation. It will be the buyer’s responsibility to take delivery from our site,
arrange for transportation, insurance etc.
5. DELIVERY TERMS
Our standard delivery term is 16 to 24 weeks from date of receipt of Purchase Order
from the buyer or as communicated in writing separately and after buyer effecting the
agreed payment terms.
6. PRICE
The price quoted by Seller,
(a) Does not include CGST and SGST / IGST levied are the responsibility of
the Buyer and will have to pay in addition to the prices quoted by Seller.
(b) Is valid only for the particular quotation and will not apply in any other instances.
(c) Does not include cost of delivery / transportation / insurance etc.,
Notwithstanding Clause (a) above, the Seller,
(a) Is entitled to vary the quoted price for the goods and services at any time prior
to delivery if the cost to the Seller in performing the contract is increased
by reason of delivery of the goods and services outside normal working
hours at the request of the Buyer or to an address other than that originally
specified by the Buyer.
(b) Is entitled to vary the quoted price for imported goods at any time prior
to delivery if the currency used to quote has subjected for a wide fluctuation.
(c) Is entitled to vary the quoted/Order acceptance price at any time prior to
delivery, if input material or service cost has subjected for a wide fluctuation, for
whatever be the reason.
(d) Reserves the right to charge prices which apply to goods and services
at the time of delivery.
(e) Quoted prices for hire of any fitting tools and equipment in conjunction
with supply of goods are subject to change if there is any change in
quantity or type of the goods purchased.
7. TAXES AND LEVIES
Any GST, fee, levy or duty imposed by any competent authority be payable on any of
the goods / services supplied by the Seller, such tax, fee, levy or duty will be to the
Buyers account and shall be calculated using the rates and methods of assessment in
force at the time of delivery. The Buyer is liable for any other applicable tax if
applicable, including, but without limitation, withholding tax or any such tax.
In case tax exemption is claimed by the Buyer, the Buyer will be responsible to provide
the tax exemption certificates to Seller in advance of sale. In case buyer wants to
purchase goods or service against concessional rate of tax, the buyer has to submit
such concessional forms to the seller in advance (if applicable) or within due date prescribed
by competent authority. Similarly in case the buyer deducts any sum towards tax
(example, withholding tax), certificate for such deduction also to be submitted to the
seller in advance (if applicable) or within the date prescribed by the competent authority.
Any delay in submission of such Forms or Certificates by the buyer to the seller, and
resulting tax liability on Seller, will be invoiced back / debited to the Buyer along with a
penalty and interest that Seller is forced to bear on behalf of the Buyer.
CUSTOMER NAME: LOKESH MACHINES LIMITED(Office)
Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099
8. PAYMENT TERMS
Payment term for this quotation/order acceptance is as separately mentioned in
this quotation/order acceptance.
The Buyer is not entitled to withhold payment or make any deduction from the
invoice value of the goods or services in respect of any set off or
counterclaim or for any reason.
If the Buyer fails to pay for any sum for the goods or services, the Seller may
in its absolute discretion, but without prejudice to any other remedy it may
have, postpone the full execution of the order and under any other order placed by
the Buyer until such payment is made. Buyer will pay any extra expenses
incurred by the Seller as a result of failure to pay an installment.
The Seller has the right to set off amounts owing by the Buyer to any related
or associated entity of the Buyer without seeking permission to do so.
The Seller has the right to charge interest @13.5% p.a. on overdue amount
by the Buyer by any form including overdue on account of non-submission of
concessional tax forms or certificates from buyer from the date it was due till the
date of payment or settlement by the buyer. The seller also has the right to
charge any amount they have incurred towards collection of overdue amount
from the buyer, apart from any loss or damage. The seller will separately issue
an invoice or debit note for collection of such interest and other charges, and
the buyer will be liable to settle the amount without raising any objection.
Applicable CGST and SGST / IGST will be charged on the interest amount.
9. DOCUMENTS
The Seller will provide tax invoice in prescribed format under prevailing tax
law indicating the Buyer’s Purchase Order number and date, and their tax
registration numbers as applicable. The seller will also provide packing list
showing list of items being supplied as part of the invoice, in case the invoice
does not contain the complete details. The seller also will issue road permit
(if applicable) for the material movement to enable the buyer to transport the
material.
It is the responsibility of the Buyer to issue road permit (if applicable, by the
buyer) for the material movement. The Buyer also will have to provide Lorry
Receipt / way-Bill from an IBA Approved Transporter to the seller upon taking
delivery of material.
10. WARRANTY
Our products, except spare parts are under warranty for specified period as
mentioned separately in this quotation/order acceptance. For detailed warranty
terms, the buyer is requested to refer to warranty card and its terms and conditions.
11. FOLLOW ON CONTRACT
If the contract is for annual maintenance (follow-on-contract), this general terms
and conditions will be applicable in addition to specified terms and conditions as
per our follow-on-contract. In case any clause in this general terms and
conditions contradicts to terms in follow-on-contract, the clause in our follow-on-
contract will be valid and only such clause from this general terms and
conditions will be disregarded, all other clauses will remain valid.
12. INSOLVENCY
The Seller may immediately communicate to the Buyer about their inability to execute the
order in the event of the happening of any of the following or any other comparable event.
(a) Insolvency of the buyer,
(b) Filing of a voluntary petition for winding up or bankruptcy by buyer,
(c) Filing of any involuntary petition for winding up or bankruptcy against the buyer,
(d) Appointment of a receiver or trustee for the buyer,
(e) Execution of an assignment for the benefit of creditors by the buyer.
13. CANCELLATION FOR BREACH
The Seller reserves the right to cancel all or any part of this order without any
liability to the Buyer, if the Buyer,
(a) Repudiates breaches any of the terms of this quotation/acceptance; Fails to
effect payment(s) as mentioned in this quotation/acceptance within the
specified time.
14. ORDER CANCELLATION BY THE BUYER
Ordinarily the Buyer does not have right to cancel their order once it is issued to the
Seller. However for any reason if the Buyer is compelled to request the Seller to
cancel the order either in full or partially, depending upon stage of production of
goods or stage of service, the Seller may accept or reject the request, in writing. In
case Seller accepts the request, the Seller reserve the rights to charge certain
percentage of the order as compensation for the material and effort that have been put in
by the Seller to execute the order. Such compensation claim would be at minimum of
25% of the order value, and may vary up to 100%.
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In case the Buyer had already paid advance for the same order or for any other order
but production or service not started for such order, all such advances will be forfeited
completely. If such advance paid by the Buyer is insufficient to cover the Seller’s
compensation claim for order cancellation, the Buyer will have to pay the differential
value along with taxes (if applicable) immediately, without raising any objection.
15. FORCE MAJEURE
Any delay or failure of either party to perform its obligation hereunder shall be excused, if the
Seller is unable to produce, sell or deliver, or the Buyer is unable to accept delivery, buy or
use, the goods or services covered by this contract as the result of an event or occurrence
beyond the reasonable control of the party and without its fault or negligence, such as, by way
of example and not by way of limitation, acts of God, actions by any governmental authority
(whether valid or invalid), fires, riots, natural disasters, outbreak of epidemic, pandemic
diseases, wars, sabotage, provided that written notice of such delay (included the anticipated
duration of the delay) shall be given by the affected party to the other party within ten (10)
days.
16. INTELLECTUAL PROPERTY
Products supplied may be protected by Intellectual Property (IP) Rights of Seller or its
OEM suppliers. Neither the sale of products or any parts thereof nor the provision of
any supporting or related documentation, technical information or suggestions, shall
confer on the Buyer any license, in express or implied.
a) Subject to Items b., c. and d. of this Clause, the Seller shall, at its expense and
responsibility, defend any claim or suit brought against the Buyer based on
a claim that the goods or any part thereof constitute an infringement of any
patent, copyright or other intellectual property right (hereinafter referred to
as “IPR”) of any third party, and shall pay any damages that may be finally
awarded in such suit and any settlement amount.
In the event such a claim or suit is brought against the Buyer, the Buyer shall
inform the Seller in writing immediately, and shall fully cooperate with the Seller.
In addition, at any stage of the defense of such a claim or suit, the Seller may, at
its expense and option, either procure for the Buyer the rights to continue using
the goods, replace the same with non-infringing goods, modify the goods so they
become non-infringing or buy back the goods at a reasonable price.
b) The Seller shall have no liability about the part when the decision in the
above suit is based on the finding that the use of the goods or any part
thereof furnished hereunder in combination with product not supplied or
specified by the Seller or modification of the goods by the Buyer after delivery
from the Seller, constitutes the infringement of the Intellectual Property Right.
c) Notwithstanding the above (a) the Seller shall have no liability for an
infringement of any patents which may be caused by the use of the goods in a
manufacturing process of the Buyer in a manner infringing any patent of
any third party.
d) The foregoing states the entire liability and responsibility of the Seller to
the Buyer for Intellectual Property Right infringement and is in lieu of any
express or implied warranty with respect thereto.
17. TRADE MARK etc.,
Trade mark of which the Seller is either the registered proprietor or registered user
shall, if so approved by the Seller is used only on the goods to be supplied to the Seller
and in the manner provided. Their use colorable or otherwise, in any manner in
relation to the products of the Buyer, not for use by the Seller, shall be strictly
prohibited and in the case of default shall render the Buyer liable to legal action. The
Buyer shall not, without first obtaining the written consent of the Seller, in any manner
advertise or publish the fact that the Buyer has contracted to buy from the Seller the
goods or services herein ordered, or use any trademarks or trade names of Seller in
the Buyer’s advertising or promotional materials. In the event of the Buyer's breach of
this provision, the Seller shall have the right to cancel the undelivered portion of any
goods or services covered by any order and have right to collect all payments for the
order, conforming goods delivered or services rendered prior to cancellation.
18. CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
“Confidential Information” means confidential and proprietary information (regardless of
whether such Confidential Information is in written, oral, visual or electronic form) (a)
that consists of Trade Secrets, Intellectual Property as hereinafter defined discoveries,
technical, engineering, financial, pricing and/or other business data and documentation,
sales information, inventions, know-how, drawings, technical specifications, manuscripts,
manufacturing techniques and specifications, process technologies, business plans, all
disclosed by Seller for the current and/or prospective business of Seller; or (c) that irrespective
of marked as confidential or not, proprietary or privileged by the Seller.
The Buyer undertakes that it will not at any time, directly or indirectly, manufacture, sell,
distribute, repair or overhaul products or components thereof, using any Confidential
Information or tooling or equipment owned / supplied / designed by the Seller during
the term of this Agreement and for a period of Three (3) years thereafter and further the
Buyer will not either directly or indirectly, manufacture, sell, distribute, repair or
overhaul any products or components the same or identical to the products or
components manufactured by Seller for or on behalf of any third party without the prior
written approval of Seller.
CUSTOMER NAME: LOKESH MACHINES LIMITED(Office)
Plot No.155, KIADB Industrial Area
Bommasandra, Bengaluru
Karnataka, India 560099
The Confidential Information shall not be deemed to include the following information,
(a) Information which is publicly available at the date of
disclosure, or which becomes publicly available by people
outside the recipient party without the recipient party’s breach of
this Contract after the date of disclosure;
(b) Information which is already in the possession of the recipient
party at the date of disclosure by the disclosure party;
(c) Information which is lawfully disclosed by a third party; or
(d) Information which has been or will be hereafter developed by the
recipient party independently.
19. INDEMNIFICATION
If the Buyer performs any work on the Seller's and/or it's client's premises or
utilizes the property of the Seller/it's client, whether on or off Buyer's/it's
client's premises, the Buyer shall indemnify and hold the Seller and/or its
client harmless from and against any liability, claims, demands or expenses
(including attorney fees) for damages to the property of or injuries (including
death) to the Seller and/or its client, its employees or any other person
rising from or in connection with the Buyer’s performance of work or use of
Seller's and/or it's client's property, except for such liability, claim, or
demand arising out of the sole negligence of the Seller and/or its client.
20. ADVERTISING
The Buyer shall not, without first obtaining the written consent of the Seller,
in any manner advertise or publish the fact that the Buyer has contracted to
furnish the Seller the goods or services herein ordered, or use any
trademarks or trade names of Seller in the Buyer’s advertising or
promotional materials. In the event of the Buyer's breach of this provision,
the Seller shall have the right to cancel the undelivered portion of any goods
or services covered by this order. The Seller also reserves the right to claim
compensation for any damage, loss or expenses including attorney(es) fee
that might have caused to the Seller including fading their brand value
aroused out action of the Buyer.
21. COMPLIANCE
The Buyer agrees to comply with all Union, State and Local Laws,
Executive orders, rules regulations and ordinances which may be
applicable to the Buyer’s performance of its obligation under this order.
22. NO IMPLIED WAIVER CLAUSE
The failure of either party at any time to require performance by the other party
of any provision of this order shall in no way affect the right to require
such performance at any time thereafter, nor shall the waiver of either party
of a breach of any provision of this order constitute a waiver of any
succeeding breach of the same or any other provision.
23. NO ASSIGNMENT/DELEGATION
The Buyer will not assign or delegate its obligations under this order
without the Seller's prior written consent.
24. Relationship of Parties
The Seller and the Buyer are independent contracting parties and nothing in
this order shall make either party the agent or legal representative of the other
for any purpose whatsoever, nor does it grant either party any authority to
assume or to create any obligation on behalf of or in the name of the other.
25. ARBITRATION, GOVERNING LAW
All disputes in connection with this Contract or the execution hereof shall be
settled friendly through negotiations. Should the parties fail to reach such
amicable settlement of disputes, either party may submit such dispute to the
arbitration in Bangalore. In the event of any disputes or differences arising
between the parties, it will be decided as per the provisions of the
Arbitration and Conciliation Act 1996, or thereafter amended and the
Arbitration will be held at Bangalore, in the state of Karnataka. The award
of the arbitration shall be final and binding on both parties.
26. SEVERABILITY
If any term of this order is invalid or unenforceable under any statute,
regulation, ordinance, executive order or other rule of law, such term will be
deemed reformed or deleted but only to the extent necessary to comply with
such statute, regulation, ordinance, order or rule, and the remaining provisions
of this order shall remain in full force and effect.
27. ENTIRE AGREEMENT
This order, together with the attachments, exhibits or supplements,
specifically referenced in this order, constitutes the entire agreement between
the Buyer and the Seller with respect to the matter contained herein and
supersedes all prior oral or written representations and agreements. This
quotation/acceptance may only be modified by another quotation /
acceptance or amendment / alteration issued by the Seller.
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