Terms and Conditions of Sale to End Users and Non-appointed Distributors of Beonchip Company Limited (hereinafter “Beonchip”) I. Application

Application
1. Unless otherwise agreed by an end user or non-appointed distributor and Beonchip in writing, these Terms and Conditions shall apply to all sales and deliveries to end users and non-appointed distributors who have not signed an individual purchase agreement or authorized distributor agreement with Beonchip (the end user or non-appointed distributor with whom Beonchip is contracting is hereinafter referred to as the “Customer”).

2. These Terms and Conditions shall apply to all business transactions between Beonchip and the Customer regardless of whether they are referenced in future contracts. Contrary, additional or differing terms and conditions of the Customer shall not apply unless expressly agreed to in writing by Beonchip. These Terms and Conditions apply even in the event that Beonchip makes a delivery to the Customer without reservations while being aware of the Customer’s conflicting or deviating terms and conditions.

3. Amendments and additions to these Terms and Conditions, including to this provision, shall be made in writing.
4. Rights accorded to Beonchip according to statutory provisions beyond the scope of these Terms and Conditions shall remain unaffected.

5. Beonchip is contracting on the basis that the products are supplied for use in the course of business and not for private use or consumption in any manner.

II. Product Offering and Modification
Beonchip has the right, from time to time, to add, modify or discontinue any product offering.

III. Contractual Relationship
The Customer shall purchase products from Beonchip in its own name and for its own account.

IV. Basic Customer Responsibilities
The Customer agrees to:
1. provide correct information on all purchase orders of products, including complete product
numbers, options, quantities and any special instructions. The Customer assumes sole and
absolute liability for any failure, by the Customer, to provide complete and accurate
information when ordering products;

2. indemnify and hold harmless Beonchip and its legal successors and assigns from and against
all suits, losses, claims, liabilities, costs and expenses (including attorney fees) that Beonchip
may sustain or incur as a direct result of any claim against Beonchip based upon breach of
contract, breach of warranty, strict liability in tort or any other theory of law brought by the
Customer’s officers, agents, employees, legal successors and assigns, by the Customer’s
customers, by end users, by auxiliary personnel (such as freight handlers, etc.) or by other third
parties, if and to the extent directly arising out of the Customer’s breach of its obligations
under these Terms and Conditions;

3. promptly disclose to Beonchip and, upon request by Beonchip, grant Beonchip a non-exclusive,
royalty-free license to make, use and sell worldwide any improvement of Beonchip technology
developed by the Customer; provided that nothing in this provision shall be construed as
granting the Customer any right, title or interest (whether direct or indirect) in or any right or
license to amend or develop any Beonchip´s technology; and

4. pay any and all taxes, duties, imposts, excises, fees, charges, costs and expenses of any type
or character whatsoever, accruing, incurred, imposed or assessed in connection with or
relating, in any manner whatsoever, to the Customer’s purchase, importation, transportation,
storage, use, distribution or resale, of Beonchip products.

V. Offer and Acceptance
1. All offers are subject to acknowledgement and non-binding. No contract is created unless and
until acknowledged by Beonchip, either by written acknowledgment or by dispatch of the
products and any provision otherwise, whether contained in any written communication by the
Customer or otherwise, is expressly excluded.

2. Analytical reports and other descriptions of products in certificates of analysis, catalogs,
technical data sheets or other provided product documentation are only approximate unless
explicitly referred to as binding. They shall not constitute any agreement or warranty of any
characteristics of the products unless a director of Beonchip has expressly qualified a
description of a product as warranty of agreement of certain characteristics and so notified the
Customer in writing.

3. Beonchip reserves all rights of ownership in all intellectual property rights in all offering
materials. Such materials shall not be disclosed to any third parties unless otherwise provided
in writing between Beonchip and the Customer.

4. Purchase orders are non-binding on Beonchip. The Customer is bound to its purchase order for
two (4) weeks. The silence of Beonchip with regard to offers, purchase orders, requests or
other declarations of the Customer shall not imply consent or agreement unless expressly
agreed otherwise in writing. In individual cases, the purchase order will be confirmed by
Beonchip by written acknowledgement. Any acknowledgement of purchase order created
electronically which does not include a signature or name shall be deemed to constitute written
form. Where the acknowledgement of purchase order contains obvious mistakes or clerical or
calculation errors, it shall not be binding on Beonchip.

5. If the contract is unilaterally annulled by the Customer or a purchase order or partial purchase
order unilaterally cancelled by the Customer, the Customer shall reimburse Beonchip all costs
resulting from such annulment or cancellation of contract or purchase order, particularly
cancellation and rescission costs charged to Beonchip by its suppliers, costs for the purchase
of goods which may not be returned and all other costs and expenses which Beonchip incurred
in connection with the execution and the termination of the contract, inter alia, legal fees and
costs of transport.

VI. Scope of Delivery / Terms of Delivery
1. For the scope of delivery the written acknowledgement of Beonchip (or purchase order of the
Customer if no acknowledgement is provided) is authoritative. Changes to the scope of delivery
shall not be effective unless confirmed in writing by Beonchip. Beonchip reserves the right to
make alterations to the purity or specifications of the products to the extent such alterations
are not significant.

2. Beonchip is entitled to make partial deliveries in order to perform its contractual obligations
unless partial delivery is not of any interest to the Customer and the Customer has referred to
this fact in its purchase order.

3. Unless otherwise separately agreed by the parties, Beonchip has the right, in its discretion, to
determine the method of shipment, i.e., delivery can be made by air freight, train, ship or road
transport.

4. All deliveries are made Ex Works (Incoterms 2010) site specified by Beonchip. Beonchip
reserves the right to charge the Customer for carriage and freight.

5. Return of the products and a corresponding credit shall only be possible after prior written
consent of Beonchip and the Customer must comply with all instructions of Beonchip with
regard to the return of goods. This applies, in particular, to statutory provisions, as applicable,
with regard to the delivery and packaging of hazardous goods.

All delivery obligations of Beonchip are subject to the reservation “while stocks last.” Beonchip
is therefore entitled to terminate the contract when stocks available to Beonchip are
exhausted. If stocks are only partially exhausted and the entire request of goods as described
in the purchase order of the Customer cannot be satisfied, Beonchip is entitled to distribute the available stocks at its reasonable discretion to one or all customers. If Beonchip can only
satisfy part of the Customer’s request for goods as described in the purchase order, the
Customer is entitled to cancel the purchase order.

VII. Delivery Time
1. Agreements on delivery periods and dates shall be specified in the purchase order
acknowledgement. All delivery periods and dates are non-binding unless expressly referred to as binding.

2. The delivery period shall commence at the time of dispatch of the acknowledgement of
purchase order by Beonchip (or acceptance of the purchase order if no acknowledgement is
provided). In any case, the delivery period shall not commence before the Customer has
furnished all documents, permits, approvals, consents and releases to be provided by it, before
all technical questions have been clarified. Compliance with the delivery period is subject to timely and proper compliance with all other obligations by the Customer.

3. The delivery period shall be deemed satisfied if the products have left the facility or Beonchip
has notified its readiness to dispatch. Delivery is subject to timely and proper delivery to
Beonchip by its own suppliers; otherwise Beonchip is entitled to terminate the contract.
4. In the event of any delay in delivery, the Customer shall be entitled to terminate the contract after notifying Beonchip of such delay and ten (10) business days in which Beonchip can cure the otherwise late delivery. Subject to the limitations set forth in Section XIII.7 of these Terms and Conditions, Beonchip shall not be liable for any claims for damages of the Customer for late or delayed delivery.

VIII. Prices and Payment
1. Unless fixed prices have expressly been agreed or unless otherwise agreed in writing, the Customer shall purchase the products at Beonchip’s list price in effect on date of purchase order acknowledgement (or date of purchase order if no acknowledgement is provided) as reflected on Beonchip’s website www.beonchip.com . Beonchip has the right to change the list prices of its products from time to time, without notice to the Customer.

2. Unless otherwise agreed in writing, the purchase price shall be paid within thirty
(30) days from the date of invoice without any deduction. This also applies to

3. Delivered products shall be accepted by the Customer regardless of any claims for defects if
the defects are insignificant. XI. Storage, Handling and Use of the Products by Customer

1. The products of Beonchip are intended to be used for the purposes of laboratory research and may not be used for any other purpose unless otherwise indicated on the product label, in the catalogues of Beonchip or in other documents provided to the Customer. In particular products of Beonchip may not be used for in-vitro-diagnostics, in the areas of food production and pharmaceutical products, in medical devices or in cosmetic products. The Customer is obliged to inform its customers, as applicable, of such limitations.

2. Beonchip does not examine the products for their safety and effectiveness when contained or
used in food, pharmaceutical products, medical devices, or cosmetics, or for commercial or
other applications, unless otherwise declared in the documents provided by Beonchip.
Customer acknowledges that it must, properly test, use and distribute the products purchased
from Beonchip and/or any and all materials manufactured by using products purchased from Beonchip. It is the responsibility of the Customer to examine existing risks and dangers and to carry out any further research (if necessary) in order to become aware of the dangers that may arise from the use of products purchased from Beonchip. The Customer shall warn its support staff (such as transport workers) against the risks and dangers that may be related to the storage, use or handling of the products.

3. The products of Beonchip may be governed by the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulations and other regulatory provisions. The Customer is responsible for complying with all regulatory provisions in connection with the storage, handling and use of substances purchased from Beonchip.

4. The Customer shall verify the indications of content made by Beonchip if the products
purchased from Beonchip are to be repacked, relabeled or used as starting materials or
components for other products.

3. Delivered products shall be accepted by the Customer regardless of any claims for defects if
the defects are insignificant. XI. Storage, Handling and Use of the Products by Customer

1. The products of Beonchip are intended to be used for the purposes of laboratory research and may not be used for any other purpose unless otherwise indicated on the product label, in the catalogues of Beonchip or in other documents provided to the Customer. In particular products of Beonchip may not be used for in-vitro-diagnostics, in the areas of food production and pharmaceutical products, in medical devices or in cosmetic products. The Customer is obliged to inform its customers, as applicable, of such limitations.

2. Beonchip does not examine the products for their safety and effectiveness when contained or
used in food, pharmaceutical products, medical devices, or cosmetics, or for commercial or
other applications, unless otherwise declared in the documents provided by Beonchip.
Customer acknowledges that it must, properly test, use and distribute the products purchased
from Beonchip and/or any and all materials manufactured by using products purchased from Beonchip. It is the responsibility of the Customer to examine existing risks and dangers and to carry out any further research (if necessary) in order to become aware of the dangers that may arise from the use of products purchased from Beonchip. The Customer shall warn its support staff (such as transport workers) against the risks and dangers that may be related to the storage, use or handling of the products.

3. The products of Beonchip may be governed by the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulations and other regulatory provisions. The Customer is responsible for complying with all regulatory provisions in connection with the storage, handling and use of substances purchased from Beonchip.

4. The Customer shall verify the indications of content made by Beonchip if the products
purchased from Beonchip are to be repacked, relabeled or used as starting materials or
components for other products.

XII. Information Duty
1. The Customer shall immediately inform Beonchip if it becomes aware of any accidents or incidents in connection with the products which result in personal injuries or damages to
property; the Customer is obliged to fully cooperate with Beonchip in order to clarify and
identify the cause for such accidents or incidents. It shall provide Beonchip with all
explanations, reports and tests which have been made or carried out by the Customer or which
have been made available to the Customer by third parties. The provision of such information
to and the examination of the same by Beonchip do not give rise to liability of Beonchip for such accidents or incidents.

XIII. Claims for Defect
1. The rights of the Customer with regard to defects shall be subject to the Customer examining
the delivered products upon receipt and notifying Beonchip in writing of any defects no later than two (2) weeks after receipt of the products. The Customer shall describe the defects in writing.

2. In the event of defects in the products, Beonchip shall be entitled, in its sole discretion, to perform subsequently by remedying the defect or by delivering a defect-free product. The expenses necessary for the subsequent performance shall be borne by Beonchip in as far as these expenses are not increased as a result of the products being taken to a location other than the delivery address. Labor and material costs that the Customer claims in this regard shall be calculated at cost.

3. If Beonchip is not willing or able to perform subsequently, the Customer shall be entitled to
terminate the contract. The same shall apply if the subsequent performance fails, if the
Customer cannot be reasonably expected to accept it or if it is delayed beyond reasonable
deadlines for reasons for which Beonchip can be held responsible. The right of the Customer to terminate the contract shall be excluded if (i) the Customer is unable to return the defective
products and this inability is not due to the fact that the return of the products is impossible
due to the nature of the product or reasons for which Beonchip is responsible or (ii) the defect
only showed during the processing or conversion of the products.

4. In the event of defects in products that Beonchip sources from third-party suppliers and which form an essential part of Beonchip products, the Customer shall only be entitled to demand assignment of the claims that Beonchip is entitled to assert against the third-party supplier.
Only in the event of failure of an assigned claim by Beonchip against a third-party supplier
shall the Customer be entitled to assert claims for defect against Beonchip.

5. In the event of a violation of any intellectual property rights, of a third party by the delivered
products, Beonchip shall in its sole discretion and at its sole cost alter or exchange the
products in a manner that does not violate any third party rights while the products continue to fulfill the contractually agreed function. Alternatively, Beonchip shall provide the right of use to the Customer by entering into a license agreement. If Beonchip fails in doing so within a reasonable period of time, the Customer is entitled to terminate the contract. Under the
conditions set forth above, Beonchip shall also be entitled to terminate the contract.

6. The obligations set forth in paragraph 5 of Section XIII of these Terms and Conditions shall only exist if:

i. the Customer immediately informs Beonchip of any asserted violation of intellectual property rights;
ii. the Customer reasonably supports Beonchip in defending the asserted claims and in allowing Beonchip the measures to modify the product pursuant to Section XIV,
paragraph 5 of these Terms and Conditions; iii. all measures of defense, including out-of-court settlement, shall remain reserved to Beonchip;

iv. the defect of title does not result from an instruction of the Customer; and
v. the violation of right was not caused by the fact that the Customer has modified the delivered products without authorization or used them in a manner in breach of the contract.

7. Notwithstanding any provision in these Terms and Conditions to the contrary, the period of limitation for claims for defects by the Customer shall be three (3) months from the date of delivery. It shall also apply to claims in tort which are based on a defect of the products. The period of limitation begins with the delivery of the products. A statement by Beonchip concerning a claim asserted by the Customer based on a defect is not to be deemed an entry into negotiations concerning the claim or the circumstances giving rise to the claim if the claim is fully denied by Beonchip.

XIV. Liability of Beonchip
1. BEONCHIP SHALL NOT IN ANY EVENT BE LIABLE FOR INCIDENTAL, INDIRECT,
CONSEQUENTIAL OR SPECIAL DAMAGES OF ANY KIND RESULTING FROM ANY USE OR FAILURE OF THE PRODUCTS, EVEN IF BEONCHIP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE INCLUDING, WITHOUT LIMITATION, LIABILITY FOR LOSS OF USE, LOSS OF
WORK IN PROGRESS, DOWN TIME, LOSS OF REVENUE, PROFITS OR GOODWILL, FAILURE TO REALIZE SAVINGS, LOSS OF PRODUCTS OF

CUSTOMER OR OTHER USE OR ANY LIABILITY OF CUSTOMER TO A THIRD PARTY ON
ACCOUNT OF SUCH LOSS, OR FOR ANY LABOR OR ANY OTHER EXPENSE, DAMAGE OR LOSS
OCCASIONED BY SUCH PRODUCT INCLUDING PERSONAL INJURY, DEATH OR PROPERTY
DAMAGE UNLESS SUCH PERSONAL INJURY OR DEATH IS CAUSED BY BEONCHIP’S
NEGLIGENCE.

2. Save as expressly provided in these Terms and Conditions, Beonchip makes no warranties or representations express or implied, whether by statute or otherwise including any warranties of merchantability satisfactory quality or fitness for a particular purpose with respect to any product. All such warranties are expressly disclaimed and excluded to the maximum extent permitted by applicable law. In the event of any resale by Customer, the liability of Beonchip shall not be expanded, modified or otherwise altered by any warranty offered by the Customer for the products.

3. Beonchip’s sole and exclusive liability and Customer’s exclusive remedy with respect to
products proved to Beonchip’s reasonable satisfaction to be defective or nonconforming shall be repair or replacement of such products without charge or refund of the purchase price, in Beonchip’s sole discretion, upon the return of such products in accordance with Section XIII of these Terms and Conditions and Beonchip’s instructions.

XV. Retention of Title
1. Until full payment of all outstanding claims of Beonchip resulting from the business
relationship with the Customer, Beonchip shall retain title to the delivered products. The
Customer is obliged to handle the products subject to retention of title with due care. In
particular, the Customer is obliged to sufficiently insure the products at their replacement value against fire, water and theft at its sole cost.

2. In the event of default in payment by the Customer, Beonchip shall be entitled, without
prejudice to its other rights, to take back the products subject to retention of title and, after
timely warning, be entitled to use the products subject to retention of title elsewhere for the
purpose of satisfying its due claims against the Customer. In addition, Beonchip shall, after
expiry of a reasonable deadline, be entitled to terminate the contract. The Customer shall grant Beonchip immediate access to the products subject to retention of title and shall surrender the products.

3. The processing or conversion of the products subject to retention of title by the Customer shall always be performed on behalf of Beonchip. The Customer’s contingent right to the products subject to retention of title is continued with regard to the processed or converted goods. If the products are processed together with other items not belonging to Beonchip, Beonchip shall be entitled to shared ownership in the new items in proportion of the value of the delivered products to the value of the other processed items at the time of processing. As regards the items created by processing or conversion, the same conditions shall apply as for the products
subject to retention of title.

4. Upon the Customer’s request, Beonchip may at its discretion release specified products from
its retention of title rights to the extent that the realizable value of such products exceeds the
claims of Beonchip resulting from the business relationship with the Customer by more than
twenty percent (20%). For the purposes of valuation, the invoiced value of the products subject to retention of title and the nominal value of the claims shall be authoritative.

5. The provisions in Section X of these Terms and Conditions (Transfer of Risk) shall remain
unaffected by the provisions of this Section XV (Retention of Title).

XVI. Patents and Copyrights
The Customer agrees that it will not, directly or indirectly, apply for, take out, maintain, or
otherwise acquire any patents, utility models, registered designs or copyrights (or any similar
registrable intellectual property rights) in any country, on the basis of information obtained by the Customer from Beonchip (or any of Beonchip’s affiliates).

XVII. Technical Assistance

At the Customer’s request, Beonchip may, at its discretion, furnish technical assistance and
information with respect to possible applications and technical specifications of its product free of cost unless fees have been agreed in the individual case. By providing advice and information Beonchip does not assume any warranty, express or implied, for technical specifications, use, selection or suitability of the products. Section XIII.7 (Liability of Beonchip) of these Terms and Conditions shall apply accordingly.
XVIII. Compliance with Laws

1. The Customer shall conduct its operations in compliance with all applicable laws and
regulations of all jurisdictions having contact with the transactions contemplated by these
Terms and Conditions. The Customer will, without limitation, obtain and maintain, at the
Customer’s expense, all licenses, permits, registrations, authorizations, certificates, consents, waivers, receipts, qualifications, clearances and approvals of any type or character whatsoever (whether public or private) as needed to authorize, without limitation: (i) the parties’ adherence
to these Terms and Conditions and performance hereunder; and (ii) the Customer’s import, storage, use, distribution, marketing, transportation and sale of the products.

XIX. Export
1. The Customer acknowledges that the products may be subject to export and economic sanctions restrictions of the European Union (“EU”), the United Kingdom,
U.S. and other countries (“Export Regulations”). The Customer represents and warrants that it will not use, transfer, release, export or reexport or take any action that could result in the diversion of any Beonchip products or items containing or incorporating any Beonchip products in violation of applicable Export Regulations. The Customer shall screen parties to export transactions against applicable sanctions and denial lists and inform Beonchip if any proposed transaction involves parties on those lists or sanctioned destinations. The Customer shall obtain any approvals that may be required.

2. The Customer is prohibited from selling or providing goods of Beonchip to any third party.

3. Breach of this section will entitle Beonchip immediately to terminate the purchase contract.

XX. No Waiver
No delay on the part of Beonchip in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by Beonchip of any right or remedy shall preclude such party from any further exercise of the right or remedy, or the exercise of any other right or remedy.

XXI. Force Majeure
1. If Beonchip is prevented by force majeure from performing its contractual obligations, in particular from delivering the goods, Beonchip will be released from its obligation to perform for the duration of the impediment and for a reasonable start-up period without being liable towards the Customer for damages. The same applies if the performance of its obligations by
Beonchip is unreasonably impeded or becomes temporarily impossible because of unforeseeable circumstances for which Beonchip is not responsible. Such causes include, but are not limited to, acts of God, actions of the elements, including floods and other natural disasters, fires, explosions, lockouts, strikes, wars, riots, civil commotion, epidemic, pandemic, embargoes, failure to obtain export licenses or import authorizations, transportation delays and acts of government, energy shortfalls, suppliers’ delivery problems or substantial interruptions of operations. Beonchip shall promptly notify the Customer of such interference, including, without limitation, a detailed description thereof, the date of commencement of such interference and the estimated duration thereof.

2. Beonchip shall be entitled to terminate the contract if such interference persists for more than ninety (90) days and Beonchip has no longer an interest in performance of the contract due to such interference. After expiration of such period, at the Customer’s request, Beonchip shall declare whether it intends to exercise its rescission right or deliver the products within a reasonable period of time.

3. In no event shall Beonchip be liable to the Customer for any claims, damages, costs or expenses arising out of or related to Beonchip’s inability to timely ship products or fulfill purchase orders due to a force majeure event.

XXII. Confidentiality
The Customer agrees for itself and its employees, agents and representatives that the
Customer shall not disclose to any third party and shall maintain as confidential, any and all
confidential information provided to the Customer by Beonchip. Such confidential information shall include, without limitation, information concerning Beonchip’s or its affiliates’ business, finances, proposed products, product development, marketing and/or sales plans, contracts, these Terms and Conditions, business or operational know-how and any other information deemed confidential by Beonchip.

XXIII. Miscellaneous
1. The captions in these Terms and Conditions are for convenience only and do not affect the
interpretation of these Terms and Conditions.

2. The Customer’s obligations under Sections IV.2 (Indemnification), XIII.7 (Liability), XXII
(Confidentiality) and XXIII (Miscellaneous) of these Terms and Conditions shall survive the
expiration or termination of the parties’ relationship.

3. Place of performance for all obligations of the Customer and Beonchip is the place of business
of Beonchip.

4. The legal relationship between the Customer and Beonchip shall be governed by and construed in accordance with the laws of Spain, excluding the United Nations Convention on Contracts for the International Sale of Goods (CISG).

5. The legal venue for all disputes arising from the business relationship between Beonchip and the Customer is the place of business of Beonchip. Beonchip shall also be entitled to bring legal actions at the place of business of the Customer or any other applicable and permissible legal venue.

6. The Customer shall pay Beonchip all damages, costs and expenses (including reasonable attorney’s fees) incurred by Beonchip in obtaining injunctive or other relief for the enforcement of any provision of these Terms and Conditions.

7. If any provision of these Terms and Conditions should be or become wholly or partially void, ineffective or unenforceable, the validity, effectiveness and enforceability of the other provisions of these Terms and Conditions shall not be affected thereby. Any such void,
ineffective or unenforceable provision shall bedeemed replaced by such valid, effective and enforceable provision as comes closest to the economic intent and purpose of the void, ineffective or unenforceable provision.

Organ on a Chip technology consists on microfluidic cell culture chips that try to reproduce different physiological responses of organs on a lab. 

CONTACT

+34 655 161 691

info@beonchip.com

CEMINEM-Campus Río Ebro

Zaragoza

PARTNERS