Common use of PURCHASE PRICE, INVOICING, PAYMENTS Clause in Contracts

PURCHASE PRICE, INVOICING, PAYMENTS. 5.1 The purchase price is based on the Seller’s submitted bid and amounts to 202.000,- USD (in words: two-hundred-and-two-thousand US Dollars) excluding VAT (hereinafter the “Price”). VAT shall be paid by the Buyer and settled in accordance with the valid Czech regulation. 5.2 The Price represents the maximum binding offer by the Seller and includes any and all performance provided by the Seller in connection with meeting the Buyer’s requirements for the proper and complete delivery of the Equipment hereunder, as well as all costs that the Seller may incur in connection with the delivery, installation and handover, and including all other costs of expenses that may arise in connection with creation of an intellectual property and its protection. 5.3 The Parties agreed that the Price shall be invoiced after the handover protocol in accordance with Section 9.4 will have been signed. In case the Equipment will be delivered with minor defects and / or unfinished work, the Price shall be invoiced after removal of these minor defects and / or unfinished work. 5.4 The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller in accordance with this Contract shall contain in particular following information: 5.4.1 name and registered office of the Buyer, 5.4.2 tax identification number of the Buyer, 5.4.3 name and registered office of the Seller, 5.4.4 tax identification number of the Seller, 5.4.5 registration number of the tax document, 5.4.6 scope of the performance (including the reference to this Contract), 5.4.7 the date of the issue of the tax document, 5.4.8 the date of the fulfilment of the Contract, 5.4.9 purchase Price, 5.4.10 registration number of this Contract, which the Buyer shall communicate to the Seller based on Seller’s request before the issuance of the invoice, and must comply with the double taxation agreements, if applicable. 5.5 The Buyer prefers electronic invoicing, with the invoices being delivered to ▇▇▇▇▇▇▇▇@▇▇▇.▇▇. 5.6 Invoices shall be payable within thirty (30) days of the date of their delivery to the Buyer. Payment of the invoiced amount means the date of its remittance to the Seller’s account. 5.7 If an invoice is not issued in conformity with the payment terms stipulated by the Contract or if it does not comply with the requirements stipulated by law, the Buyer shall be entitled to return the invoice to the Seller as incomplete, or incorrectly issued, for correction or issue of a new invoice, as appropriate, within five (5) business days of the date of its delivery to the Buyer. In such a case, the Buyer shall not be in delay with the payment of the Price or part thereof and the Seller shall issue a corrected invoice with a new and identical maturity period commencing on the date of delivery of the corrected or newly issued invoice to the Buyer. 5.8 The Buyer shall be entitled to unilaterally set off any of his payments against any receivables claimed by the Seller due to: 5.8.1 damages caused by the Seller,

PURCHASE PRICE, INVOICING, PAYMENTS. 5.1 The purchase price is based on the Seller’s submitted bid and amounts to 202.000,- USD 930,000.oo € (in words: twonine-hundred-andthirty-two-thousand US Dollarsthousand) excluding VAT (hereinafter the “Price”). VAT shall be paid by the Buyer and settled in accordance with the valid Czech regulation. 5.2 The Price represents the maximum binding offer by the Seller and includes any and all performance provided by the Seller in connection with meeting the Buyer’s requirements for the proper and complete delivery of the Equipment hereunder, as well as all costs that the Seller may incur in connection with the delivery, installation and handover, and including all other costs of expenses that may arise in connection with creation of an intellectual property creation and its protection. 5.3 The Parties agreed that the Price Seller shall be invoiced entitled to invoice the Price as follows: 5.3.1 The first part corresponding to 40 % of the total Price in the amount of 372,000.oo € excl. VAT after the handover conclusion hereof. 5.3.2 The second part corresponding to 50 % of the total Price in the amount of 465,000.oo € excl. VAT after the demonstration the Equipment’s functionality at the manufacturer`s facilities based on a signed protocol of the successful demonstration. 5.3.3 The third part corresponding to 10 % of the total Price in the amount of 93,000.oo € excl. VAT after Handover protocol in accordance with Section 9.4 12.4 will have been signedsigned between the Parties. In case the Equipment will be delivered handed over with minor defects and / or unfinished work, the Price shall will be invoiced after removal of these minor defects and / or unfinished work. 5.4 The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller in accordance with this Contract shall contain in particular following information: 5.4.1 name and registered office of the Buyer, 5.4.2 tax identification number of the Buyer, 5.4.3 name and registered office of the Seller, 5.4.4 tax identification number of the Seller, 5.4.5 registration number of the tax document, 5.4.6 scope of the performance (including the reference to this Contract), 5.4.7 the date of the issue of the tax document, 5.4.8 the date of the fulfilment of the Contract, 5.4.9 purchase Price, 5.4.10 registration number of this Contract, which the Buyer shall communicate to the Seller based on Seller’s request before the issuance of the invoice, 5.4.11 declaration that the performance of the Contract is for the purposes of the project “LNSM – Laboratory of Spintronics”, Reg. No. CZ.02.1.01/0.0/0.0/16_013/0001405 and must comply with the double taxation tax avoidance agreements, if applicable. 5.5 The Buyer prefers electronic invoicing, with the invoices being delivered to ▇▇▇▇▇▇▇▇@▇▇▇.▇▇. All issued invoices shall comply with any international treaties prohibiting double taxation, if applicable. 5.6 Invoices shall be payable within thirty (30) days of the date of their delivery to the Buyer. Payment of the invoiced amount means the date of its remittance to the Seller’s account. 5.7 If an invoice is not issued in conformity with the payment terms stipulated by the Contract or if it does not comply with the requirements stipulated by law, the Buyer shall be entitled to return the invoice to the Seller as incomplete, or incorrectly issued, for correction or issue of a new invoice, as appropriate, within five (5) business days of the date of its delivery to the Buyer. In such a case, the Buyer shall not be in delay with the payment of the Price or part thereof and the Seller shall issue a corrected invoice with a new and identical maturity period commencing on the date of delivery of the corrected or newly issued invoice to the Buyer. 5.8 The Buyer shall be entitled to unilaterally set off any of his its payments against any receivables claimed by the Seller due to: 5.8.1 damages caused by the Seller,

PURCHASE PRICE, INVOICING, PAYMENTS. 5.1 The purchase price is based on the Seller’s submitted bid and amounts to 202.000,- USD 35.575,00 € (in words: two-hundred-and-two-thirty five thousand US Dollarsand five hundred seventy five Euros) excluding VAT (hereinafter the “Price”). VAT shall be paid by the Buyer and settled in accordance with the valid Czech regulation. 5.2 The Price represents the maximum binding offer by the Seller and includes any and all performance provided by the Seller in connection with meeting the Buyer’s requirements for the proper and complete delivery of the Equipment hereunder, as well as all costs that the Seller may incur in connection with the testing and delivery, installation and handover, and including all other costs of expenses that may arise in connection with creation of an intellectual property creation and its protection. 5.3 The Parties agreed that the Price shall be invoiced after the handover acceptance protocol in accordance with Section 9.4 10.5 will have been signed. In case the Equipment will be delivered with minor defects and / or unfinished work, the Price shall will be invoiced after removal of these minor defects and / or unfinished work. 5.4 The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller in accordance with this Contract shall contain in particular following information: 5.4.1 name and registered office of the Buyer, 5.4.2 tax identification number of the Buyer, 5.4.3 name and registered office of the Seller, 5.4.4 tax identification number of the Seller, 5.4.5 registration number of the tax document, 5.4.6 scope of the performance (including the reference to this Contract), 5.4.7 the date of the issue of the tax document, 5.4.8 the date of the fulfilment of the Contract, 5.4.9 purchase Price, 5.4.10 registration number of this Contract, which the Buyer shall communicate to the Seller based on Seller’s request before the issuance of the invoice, invoice and must comply with the double taxation agreements, if applicable. 5.5 The Buyer prefers electronic invoicing, with the invoices being delivered to ▇▇▇▇▇▇▇▇@▇▇▇.▇▇. All issued invoices shall comply with any international double taxation agreements, if applicable. 5.6 Invoices shall be payable within thirty (30) days of the date of their delivery to the Buyer. Payment of the invoiced amount means the date of its remittance to the Seller’s account. 5.7 If an invoice is not issued in conformity with the payment terms stipulated by the Contract or if it does not comply with the requirements stipulated by law, the Buyer shall be entitled to return the invoice to the Seller as incomplete, or incorrectly issued, for correction or issue of a new invoice, as appropriate, within five (5) business days of the date of its delivery to the Buyer. In such a case, the Buyer shall not be in delay with the payment of the Price or part thereof and the Seller shall issue a corrected invoice with a new and identical maturity period commencing on the date of delivery of the corrected or newly issued invoice to the Buyer. 5.8 The Buyer shall be entitled to unilaterally set off any of his payments against any receivables claimed by the Seller due to: 5.8.1 damages caused by the Seller,

PURCHASE PRICE, INVOICING, PAYMENTS. 5.1 The purchase price is based on the Seller’s submitted bid and amounts to 202.000,- USD 19.274,- € (in words: two-hundred-and-two-thousand US DollarsNineteenthousandtwohundredseventyfour Euro) excluding VAT (hereinafter the “Price”). VAT shall be paid by the Buyer and settled in accordance with the valid Czech regulation. 5.2 The Price represents the maximum binding offer by the Seller and includes any and all performance provided by the Seller in connection with meeting the Buyer’s requirements for the proper and complete delivery of the Equipment hereunder, as well as all costs that the Seller may incur in connection with the delivery, installation and handover, and including all other costs of expenses that may arise in connection with creation of an intellectual property creation and its protection. 5.3 The Parties agreed that the Price shall be invoiced after the handover acceptance protocol in accordance with Section 9.4 9.5 will have been signed. In case the Equipment will be delivered with minor defects and / or unfinished work, the Price shall will be invoiced after removal of these minor defects and / or unfinished work. 5.4 The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller in accordance with this Contract shall contain in particular following information: 5.4.1 name and registered office of the Buyer, 5.4.2 tax identification number of the Buyer, 5.4.3 name and registered office of the Seller, 5.4.4 tax identification number of the Seller, 5.4.5 registration number of the tax document, 5.4.6 scope of the performance (including the reference to this Contract), 5.4.7 the date of the issue of the tax document, 5.4.8 the date of the fulfilment of the Contract, 5.4.9 purchase Price, 5.4.10 registration number of this Contract, which the Buyer shall communicate to the Seller based on Seller’s request before the issuance of the invoice, 5.4.11 declaration that the performance of the Contract is for the purposes of the project “Future of the Czech participation at the ▇▇▇▇▇▇ ▇▇▇▇▇ Observatory – AUGER-CZ”, Reg. No.: CZ.02.1.01/0.0/0.0/16_013/0001402, and must comply with the double taxation agreements, if applicable. 5.5 The Buyer prefers electronic invoicing, with the invoices being delivered to ▇▇▇▇▇▇▇▇@▇▇▇.▇▇. All issued invoices shall comply with any international double taxation agreements, if applicable. 5.6 Invoices shall be payable within thirty (30) days of the date of their delivery to the Buyer. Payment of the invoiced amount means the date of its remittance to the Seller’s account. 5.7 If an invoice is not issued in conformity with the payment terms stipulated by the Contract or if it does not comply with the requirements stipulated by law, the Buyer shall be entitled to return the invoice to the Seller as incomplete, or incorrectly issued, for correction or issue of a new invoice, as appropriate, within five (5) business days of the date of its delivery to the Buyer. In such a case, the Buyer shall not be in delay with the payment of the Price or part thereof and the Seller shall issue a corrected invoice with a new and identical maturity period commencing on the date of delivery of the corrected or newly issued invoice to the Buyer. 5.8 The Buyer shall be entitled to unilaterally set off any of his payments against any receivables claimed by the Seller due to: 5.8.1 damages caused by the Seller,to contractual penalties, if any.