All sales transactions shall be governed by Hongene Biotech's ("Seller") Terms and Conditions of Sale. By submitting a Credit Application form, the applicant ("Buyer") automatically agrees to this Credit Agreement and Hongene's Terms of Service.

The Buyer agrees that payment terms are as specified in the approved Credit Application (Net 30, Net 60, Fixed Date, or other agreed terms) from the date of invoice. Title and risk of loss transfer Ex Works (Incoterms® 2020) at Seller's location unless otherwise expressly agreed to in writing by Seller.

Unpaid amounts will accrue interest at a rate equal to the greater of one and one-half percent (1.5%) per month and the maximum rate permitted by applicable law, from due date until paid, plus Seller's reasonable costs of collection.

Buyer acknowledges and agrees that, in the event of any inconsistency between the payment terms hereof and the terms of any purchase order or other document issued by Buyer, the terms hereof will control.

Subject to compliance with all applicable laws, Seller reserves the right to deny credit to Buyer or increase, decrease or terminate Buyer's credit availability at any time and for any reason without notice to Buyer.

Buyer agrees to promptly notify Seller in writing of any change in the ownership of Buyer.

Seller reserves all other rights granted to a seller under the Uniform Commercial Code ("UCC") for Buyer's failure to pay for the Products or for any other breach by Buyer of these Terms.

The Authorized Signor warrants and represents that the information contained in the Credit Application is true, correct, and complete and accurately describes the financial condition of the Buyer as of the date shown, and that there has been no material change since then.

Buyer authorizes their bank(s) and supplier(s) to furnish Seller any information necessary to complete the evaluation of Buyer's credit history. Buyer grants permission to verify all information in the application and to obtain credit reports.

Buyer releases all claims against Seller, and their respective present and former creditors, for all acts or omissions which occur in verifying the above information. Buyer authorizes Seller to share pertinent information with affiliates and to send information by electronic means.

The Authorized Signor certifies that they are authorized to sign on behalf of the Buyer and understands that Seller will rely on the provided information for credit decisions.