Tel
Fax

www.taipingcarpets.com

TAI PING

## Quote

Private <u>Residence:</u> Formal Dining Room Carpet Quote

Document # 4396-1

<table><tr><th>Date</th><th>2-Apr-12</th><th>Page:</th><th>1</th></tr><tr><td>Client:</td><td>SLK Designs</td><td>Ship To/Pick</td><td>Private Residence</td></tr><tr><td></td><td>301 Eat 66th Street</td><td>Up:</td><td>9 East 71st Street</td></tr><tr><td></td><td>#14G</td><td></td><td>New York, NY 10021 US</td></tr><tr><td></td><td>New York, NY 10065 US</td><td></td><td></td></tr></table>

Attn: 
Tel: 
Email:

Attn: 
Tel: 

Freight: DDP - Deliver
Salesperson: Lindsey Klein

Terms: 50% deposit upon order confirmation & full balance before delivery
Freight: DDP - Delivered Duty Paid

Customer PO:

Quote valid till: 01-Aug-12

## Description of Services

To furnish, deliver and install wall to wall custom made carpet via tackless method over 40 oz padding.

## Product Specifications

<table><tr><th>No. ofPieces:</th><th>1</th></tr><tr><td>Design:</td><td>Calif1</td></tr><tr><td>Content:</td><td>Dull Silk and Sisal</td></tr><tr><td>Colors:</td><td>Custom per Approved Sample</td></tr><tr><td>Collection:</td><td>Caravan Collection</td></tr><tr><td>Quality:</td><td>H450D</td></tr><tr><td>S. T. A. M.:</td><td>Proposal subject to actual measure</td></tr><tr><td>Size:</td><td>Per Phyiscal Measure at Residence</td></tr></table>

## Notes:

Production Lead Timc: Approximately 12-16 Weeks
Strike OffLead Time: Approximately 3-4 Weeks
Remittance Address: Tai Ping Carpets Americas. Inc
860 Broadway; 4th FIr
New York, NY 10003
Attn: Lindsey Klein
(Please include a copy of this quotation with payment)
Payment Requested: 50% Deposit Prior to Production $24,043.50

## Payment Details (USD)

<table><tr><th>Subtotal:</th><th>$ 48,087.00</th><th></th></tr><tr><td>Sales Tax:</td><td>$ 0.00</td><td>Resale Certificate on File</td></tr><tr><td>Total:</td><td>$ 48,087.00</td><td></td></tr></table>

Please make checks payable to Tai Ping Carpets

## Payment Details (USD) (cont.)

Tai Ping Carpets America, Inc.
860 Broadway, 4th Floor
New York, NY 10003

TAI PING

Tel 212 979 2233
Fax 212 979 1921

www.taipingcarpets.com

# TERMS OF SALE

# TERMS OF SALE (cont.)

## ORDERS. PAYMENT AND PRICE
I. All orders arc subject to

	- acceptance by The Company.

2. All prices arc net. F.O.B. port of entry and arc subject to change without notice.

3. Unless specifically noted, described prices do not include applicable salts taxes, shipping or delivery charges. or insurance charges. all of which are to be paid by Purchaser. Purchaser shall be responsible for payment for any hoisting or special handling charges incurred to complete delivery at final destination.

4. Described installation charges. if any. contemplate nonnal conditions at Purchaser's premises and arc based upon normal working hours. If overtime is

	- requested by Purchaser in order to complete installation by specific date, such overtime charges will be paid for by Purchaser. Only duly authorized representatives of Seller may authorise overtime. The premises must be in good order and ready to receive the carpet. Any lost installation time due to adverse job site conditions will he charged to Purchaser.

- 5 An advance payment of50% of the total price of the order is required before the order is processed for production. The balance is due prior to delivery or within approved credit terms. A I.5% per month finance charge will be added to any overdue amounts. If the goods an: received in The Company's location and not paid for within the terms of the Purchase Order. then The Company, at its option. may charge storage fees after 30 days.

6. No cancellations will be accepted.

7. Order changes in temts if size. color or design detail may affect delivery schedule and cost.

8. In the event a collection action becomes necessary. Purchaser agrees to pay all collection expenses, including reasonable attorney's fees and Court costs, plus 1.5% interest per month on any past due amounts.

9. The designated delivery location (either The Company or the Designeklient's designated location) shall be considered the final destination (except Orders that include delivery and installation. Prior to delivery at such location, payment shall be due in accordance with the terms slated above whether or not the Designer or Designer's customer is ready to receive the goods for final installation. The Purchaser shall be responsible fin the payment ofthe invoices within this time frame. The Purchaser shall be responsible for the payment of the invoices within this time frame.

# TERMS OF SALE (cont.)

## SHIPMENT

I. All shipments are F.O.D. port of entry and local trucking charges to final destination arc additional and the responsibility of the Purchaser. Seller and Purchaser agree, for valuable consideration, includingbut not limited to Purchaser's advance payment tor non advance payment as the case may be) and Purchaser's promise to pay in full Seller's invoice and Seller's efforts in procurement of the purchased goods. the receipt and sufficiency of which is acknowledged by Purchaser, that title to the purchased goods shall pass to Purchaser upon notification to Purchaser by Seller in writing, that the purchased goods are finished and located in Seller's warehouse ready for delivery to Purchaser upon Purchaser's payment in full ofthe purchase price of the goods upon the terms set out in this Agreement and in the Purchase Order.

2. Shipment or delivery dates arc estimates only and are subject to receipt of the order. advance payment and final design approvals. No guarantees arc made with respect to delivery dates.

# TERMS OF SALE (cont.)

## CLAIMS. COMPLAINTS AND REMEDIES

I. Any apparent damages should be notified to the carrier upon receipt ofgoods. Any concealed damage must be notified to The Company within 14 days ofreceipt of the carpets. No claims will be honored after 14 days of receipt ofgoods.

2. Other claims including claims for failure ofthe goods to conform to the order mint be made within 10 days ofreceipt of goods by written notification to The Company stating the basis of the alleged nonconfomiity and describing the port ion of the shipment being rejected. All Seller's products arc manufactured under the most careful supervision. Seller's handmade carpets and rugs, Maisonette carpets and rugs (which arc partially handmade), and any other custom products. arc subject to some variations in manufacture. Such products are. therefore. warranted to be as described except that they may contain variations in weave. may not exactly conform to sample in weave. color or match patterns, and listed rug sizes arc approximate.

3. On receipt of such claim for nonconforming goods. The Company, at its option, will either arrange for the return shipment of the goods at The Company's expense or have an agent inspect the goods for nonconfonuity prior to return of the goods. When the goods are confirmed by The Company as being nonconforming. The Company will arrange to repair or replace as appropriate subject to normal production and shipment times.

4. Thc exclusive remedies of Purchaser under this Agreement arc the repair and'or replacement ofnonconfotming goods. In no event shall The Company liability exceed the actual cost of the goods. The Company shall not be liable for incidental or consequential damages.

5. Due to the nature of Ilandtufied carpet, actual production may vary slightly from the sample and within the rug itself.

6. Dye lot difference may occur between the sample and actual production.

7. All samples and designs thereof remain the property of The Company.

8. Loop pile area rugs will normally show some .15N-outing" of yanks. Sprouting is not a manufacturing defect. Yarn should be clipped off at the surface not pulled.

9. All carpet textures will exhibit some shading.

10. Claims for pile crushing. shading. watermarking or soiling arc not manufacturing defects and cannot be accepted.

- II. Due to the nature of the handmade process. exact dimensions cannot be assured. A difference is possible.

12. Waiver of any condition of sale by The Company shall not constitute nor be construed as an agreement to waive any other provision. nor shall a waiver constitute a future waiver. The Company retains the rights to strictly enforce any and all conditions of sale.

- 13 This w sting is a complete and exclusive statementof the entire agreement. No course of prior doling and no trade usage shall be relevant to supplement or explain any tam hereof Thc terms contained herein shall prevail over any terms contained in Purchaser's Purchase Order.

14. Seller's salespersons may have made oral statements about the merchandise described ill this contract. Such statements do not constitute warranties. shallnot be relied upon by the Purchaser and arc not part of this Agreement.

- IS. Any action by Purchaser for breach of this Agreement must be commenced within one year atter the cause of action has accrued. Purchaser agrees with The Company that any Court action in connection with the sale of the goods subjcia to these terms shall be Gordon County, Georgia.

16. All monies paid on account of this order shall be credited to the account of the named Purchaser. Sellers acceptance of payment from anyone other than Purchaser shall be as an accommodation only and shall not create a vendor-vendee relationship. express or implied.

17. This Agreement shall be governed by the laws of the State of Georgia. and cannot be changed. except by a further writing signed by the party against whom such change is sought to be enforced.

	S. This Agreement is not binding on Seller until accepted and approved by an office ofThe Company.

19. A signed copy of this Contract must be retu ned to The Company acknowledging acceptance of the above Tams ofSale.

Agreed Purchaser <empty> Date <empty>
Approved Seller <empty> Date <empty>