Terms & Conditions

HAUMANN TECHNOLOGY CO. LTD.

Effective Date: August 2025

COMPANY INFORMATION

These Standard Terms & Conditions (“Terms”) apply to all quotations, order confirmations, contracts, and deliveries provided by the Haumann entity stated in the quotation/order confirmation (“Haumann” or “Seller”) to the customer (“Customer” or “Buyer”).

Haumann Technology Co. Ltd. (Hong Kong) Unit 04, 7/F, Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong

Main Manufacturing Facility (China) Building Nr 21, Ground Floor, Shenke Chuangzhi Park, No. 6 Xingye East Road, 528225 Shishan Town, Nanhai District, Foshan, Guangdong, China

Haumann Technology USA (USA) 21231 Blair Rd, Conroe, TX 77385, USA

Contact
info@haumann-group.com +86 757 8669 0030 +43 (720) 516 739 +1 (832) 299-0087

SCOPE OF APPLICATION

These Terms apply to all goods and services provided by Haumann, including but not limited to:

engineering, project management, DFM, testing/validation support, and related services

• mold design and moldmaking (tooling)
• plastic injection molded parts
• carbon composite products
• assembly and secondary operations

Definitions

• I“Order Confirmation” means Haumann’s written acceptance of a Customer order (including email).
• “Tooling” means molds, tools, fixtures, gauges, and related equipment produced or procured by Haumann.
• “Parts” means production parts, samples, and assemblies supplied by Haumann.

“Incoterms” means Incoterms® 2020.

Offer; Quotation Validity; Order Acceptance

• Quotations are valid for 30 days unless stated otherwise.
• A Customer purchase order or other acceptance is binding only upon Haumann’s Order Confirmation.
• Any Customer terms (including on purchase orders) are rejected and shall not apply unless Haumann expressly agrees in writing (battle of forms).

Prices; Taxes; Exclusions

• Unless stated otherwise, prices are quoted EXW (Incoterms 2020) and exclude freight, insurance, duties, taxes, and customs charges.

• Packaging suitable for standard transport and standard documentation is included unless otherwise stated.

• Any special packaging, labeling, traceability documentation, PPAP/automotive documentation, or expedited handling may be charged as a surcharge if not included in the quotation.

Delivery; Incoterms; Risk Transfer

Unless otherwise agreed in writing, delivery shall be EXW (Incoterms 2020) from either:

• Foshan, Guangdong, China, or
• Conroe, Texas, USA, as stated in the quotation and/or Order Confirmation.

Under EXW, risk of loss transfers to the Customer in accordance with Incoterms. The Customer is responsible for loading, export/import clearance, freight, insurance, duties, and taxes.

If Haumann assists with shipping arrangements, such assistance is at the Customer’s cost and risk and does not change the agreed Incoterm.

Delivery dates are estimates unless expressly agreed as fixed in writing. Haumann is not liable for delays caused by Customer actions/omissions, supply chain disruptions, force majeure, or carrier/customs delays.

Lead Times; Changes to Schedule

Standard lead time for tooling and/or first samples is as stated in the quotation; unless otherwise stated, typical lead time is 45 days from order confirmation.

Overall project lead time (development to delivery) depends on scope, approvals, and Customer responsiveness.

If the Customer requests schedule acceleration, Haumann may quote an expedited service fee.

Payment Terms

1. Tooling (molds/tools): unless otherwise stated:

• 50% down payment upon order placement, and
• 50% balance after T0 trial / first trial (or as stated in the quotation).

Parts/production: unless otherwise stated:

• established customers: Net 30
• new customers: deposit and/or pro forma payment may be required.

Haumann may withhold shipments, samples, or tooling release until payments due are received.

Late Payment (B2B)

For business-to-business (B2B) transactions, any overdue amounts shall accrue late payment interest at 7.5% per annum (p.a.), calculated on a simple interest basis from the due date until the date of full payment. Haumann may, without prejudice to any other rights or remedies:

• suspend work, shipments, and/or release of tooling/parts until all overdue amounts (including interest) are paid, and/or
• require advance payment or additional payment security for continued performance.

Customer Responsibilities; Approvals; Cooperation

1. The Customer shall provide complete and accurate specifications, drawings, CAD data, material requirements, compliance requirements, and any special packaging/labeling instructions.
2. The Customer shall review and approve drawings, DFM feedback, samples, and trial reports within the time stated by Haumann (or, if not stated, within a commercially reasonable time). Delays in approvals may extend lead times.
3. The Customer is responsible for ensuring that its designs are fit for purpose and compliant with applicable laws/regulations in the destination market.

Quality; Inspection; Acceptance

1. Unless otherwise stated, Haumann manufactures to the specifications and quality criteria agreed in the quotation and/or Order Confirmation.
2. Unless otherwise agreed, the target defect rate is < 3% for production lots, subject to the agreed inspection method and AQL/criteria.
3. The Customer shall inspect deliveries promptly. Any claim for shortage, visible damage, or non-conformity must be submitted in writing within 10 business days of receipt (or within the carrier’s required timeframe for transport damage claims, whichever is shorter).
4. Failure to notify within the above period constitutes acceptance of the delivery, except for latent defects that could not reasonably be discovered during incoming inspection.

Warranty (Parts and Tooling)

1. Haumann warrants that Parts and Tooling will conform to agreed specifications and be free from manufacturing defects for 12 months from shipment (Parts) or acceptance of the relevant trial (Tooling), unless otherwise stated.
2. Warranty excludes normal wear and tear, misuse, improper storage/handling, Customer-caused damage, unauthorized repairs/modifications, material changes requested by Customer, third-party components, and force majeure.
3. The customer must notify Haumann in writing of a warranty claim with sufficient detail. Haumann will investigate and determine the appropriate remedy.
4. Remedies are limited to repair, rework, replacement, or credit at Haumann’s discretion. Removal/installation costs, downtime, and consequential losses are excluded to the maximum extent permitted by law.

Tooling Ownership; Storage; Transfer

1. Tooling ownership transfers to the Customer only after full payment of all tooling-related invoices.
2. Unless otherwise agreed, Haumann provides free storage for 12 months after T0 trial. Thereafter, storage is charged at USD 200 per month per tool (or as stated in the quotation).
3. Tooling transfer/shipping to the Customer or a third party will be arranged at the Customer’s cost after all outstanding amounts are paid and subject to reasonable handling/packaging charges.
4. Haumann may retain copies of process parameters and know-how developed during manufacturing; Customer IP in designs remains protected as set out below.

Engineering Change Requests (ECR) / Change Management

1. Any change to drawings, materials, tolerances, surface finish, packaging, labeling, compliance requirements, or process requirements after quotation may impact price and lead time.
2. Changes must be submitted in writing as an Engineering Change Request (ECR). Haumann will evaluate feasibility, cost, and schedule impact and provide a written change quotation/confirmation.
3. No change is binding until accepted in writing by both parties.
4. Changes may require new samples, trials, PPAP updates, or validation. Associated costs are borne by the Customer unless otherwise agreed.
5. Warranty may be affected by changes, especially where the Customer requests material or design modifications.

Cancellation; Suspension

Customer cancellations must be in writing and are subject to Haumann’s written acceptance.

Customer shall pay for:

• all completed work,
• work-in-progress,
• reasonable handling and restocking (if applicable).
• reasonable handling and restocking (if applicable).

If the Customer is late in payment or otherwise breaches these Terms, Haumann may suspend performance and adjust delivery dates accordingly.

Limitation of Liability

1. To the maximum extent permitted by law, Haumann’s total aggregate liability arising out of or in connection with any order (whether in contract, tort, or otherwise) shall not exceed the amount paid by the Customer for the specific goods/services giving rise to the claim.
2. In no event shall Haumann be liable for indirect, incidental, special, punitive, or consequential damages, including loss of profit, loss of production, loss of business, or loss of goodwill.
3. Nothing in these Terms limits liability for fraud or willful misconduct where such limitation is prohibited by applicable law.

Intellectual Property; Confidentiality

1. Customer retains ownership of its designs, drawings, and specifications provided to Haumann. Haumann will not reverse engineer Customer products.
2. Haumann retains ownership of its manufacturing processes, tooling design know-how, methods, and any pre-existing intellectual property.
3. Both parties shall keep confidential all non-public technical and commercial information received from the other party and use it only for performance of the contract.

Compliance; Specialized Applications (Automotive, etc.)

1. Where automotive or other regulated requirements apply (e.g., PPAP, traceability, special characteristics), such requirements must be stated in the RFQ and confirmed in the quotation/Order Confirmation.
2. Additional documentation/testing/validation may be charged unless included in the quotation.

Force Majeure

Haumann shall not be liable for failure or delay in performance due to events beyond its reasonable control, including natural disasters, fire, flood, war, terrorism, labor disputes, epidemics/pandemics, government actions, power outages, supplier failures, or transport disruptions. Delivery dates shall be extended accordingly.

Governing Law; Jurisdiction (Regional Allocation)

Default rule (Hong Kong / China)

Unless otherwise expressly agreed in writing, these Terms and any quotation, Order Confirmation, contract, or dispute arising out of or in connection with them shall be governed by the laws of Hong Kong SAR / PRC (China) (as applicable to the contracting Haumann entity stated in the quotation/Order Confirmation), excluding conflict-of-law rules.

Any dispute shall be submitted to the courts of Hong Kong SAR (non-exclusive jurisdiction). Haumann may also seek injunctive or interim relief in any competent court.

USA / Texas carve-out

If (i) the quotation/Order Confirmation is issued by Haumann Technology USA and/or (ii) the delivery term states EXW Conroe, Texas, USA, then the contract and any dispute arising out of or in connection with it shall be governed by the laws of the State of Texas, USA, excluding conflict-of-law rules.

For such USA/Texas transactions, the parties agree to the state or federal courts located in Montgomery County, Texas (non-exclusive jurisdiction). Haumann may also seek injunctive or interim relief in any competent court.

General Provisions

1. Entire agreement: These Terms, together with the quotation and Order Confirmation, constitute the entire agreement.
2. Amendments: Any amendment must be in writing and signed/confirmed by Haumann.
3. Severability: If any provision is held invalid, the remaining provisions remain in effect.
4. Assignment: Customer may not assign rights/obligations without Haumann’s prior written consent.
5. Notices: Notices shall be in writing and may be delivered by email and/or courier to the addresses stated in the quotation/Order Confirmation.

By placing an order, accepting quotations, or receiving deliverables, the Customer agrees to these Standard Terms and Conditions.

Note: This is a consolidated commercial draft intended to be clear and enforceable for day-to-day B2B manufacturing. For final legal sign-off, local counsel review is recommended, especially for cross-border enforcement and any mandatory consumer-law exclusions (if ever applicable).