LIMITED WARRANTY
QUANTRONIX NEW PRODUCT
Statement of Warranty. Quantronix, Inc.’s, warranty obligations are limited to the terms set forth below: Quantronix (hereinafter referred to as
the “Seller”) warrants that its new product is in accordance with Seller’s published specifications (or those agreed upon with Buyer in writing) at
the time of sale or lease and that it is free from non-cosmetic defects in materials and workmanship under normal use for a period of one (1)
year from the date of sale or the commencement date under a written equipment lease or rental agreement (the “Warranty Period”). If a
hardware defect arises and a valid claim is received within the Warranty Period, at its option, Seller will either (i) repair the hardware defect at
no charge, using new or refurbished replacement parts, or (ii) exchange the product or defective part(s) with a product or part(s) that are new or
which has been manufactured from new or serviceable used parts and is at least functionally equivalent to the original product or part, or (iii)
refund the purchase price of the product after Buyer has returned the product to Seller. For purposes of this warranty agreement, “Buyer” shall
mean and refer to (i) the party which originally – whether from Seller directly, or from an authorized distributor, agent or reseller who is
authorized by Seller – purchases, or leases under a written equipment lease or rental agreement, the Seller’s product which is the subject of this
warranty, or (ii) any subsequent purchaser or transferee that acquires valid title to the equipment within the Warranty Period.
In the event of the occurrence of a claim under this warranty, the Buyer shall have thirty (30) days to notify Seller in writing of the nature and
specifics of the claimed defect; provided, however, that any and all claims must be received before the expiration of the Warranty Period.
Failure to notify Seller within such time period shall void this warranty. Any claim of a warrantied defect is subject to inspection and analysis by
Seller, prior to and/or after Buyer ships the product to Seller, to conclusively identify or confirm the nature and cause of failure and application
of this warranty. In the event that the defect or damage is excluded from warranty the Seller may at its option either (i) provide Buyer with a
quote to make any such repairs or replacements which are not covered under this warranty, or (ii) give Buyer twenty (20) days to pay for return
shipping and upon receipt return the product to Buyer. If Buyer fails to pay for return shipping after twenty (20) days’ notice and after repairs
are made or warranty coverage is determined not applicable, Seller may dispose of or scrap the product.
This is a factory warranty and any defective components, mechanical or electrical, will be repaired or replaced, at the discretion and
authorization of Seller, at Seller’s facilities in Utah. It shall be the Buyer’s responsibility to return the faulty equipment or components to Seller
at Buyer’s expense as well as pay for all return shipping. This warranty does not include the cost, reasonable expenses to travel, and labor at
Buyers or others facility. All replaced or exchanged parts becomes property of Seller. Buyer shall first receive written confirmation to ship the
product before sending it. Written confirmation to ship is not a guarantee that the defect or damage to the product is covered by this warranty.
Seller is not obligated to pay for labor, material, reasonable travel expenses, or service charges involved in the removal, return, or installation of
equipment or components. Seller reserves the right to incorporate improvements in material and design of its products without notice and is
not obligated to incorporate the same improvements in equipment previously manufactured.
Exclusions and Limitations. This limited one (1) year warranty is applicable exclusively to original equipment products and components that
were manufactured by Seller. Seller also warrants its replacement parts, subject to the terms and conditions set forth herein, for the lesser
period of ninety (90) days from the date of delivery or until the expiration of the original warranty, whichever is greater. Seller does not warrant,
for any purpose, any external accessories, or integrated parts, including but not limited to computers, controllers and/or barcode scanners, that
are manufactured by another manufacturer and sold under a separate label, even if they are packaged or sold with Seller’s product. Seller’s
obligation and liability under this warranty is expressly limited to repair or replacement (at its option) of the warrantied equipment or
components within the Warranty Period. A purchase by Buyer of equipment that it had first leased or rented shall not start a new Warranty
Period. Seller does not warrant that the operation of the product will be uninterrupted or error-free.
This warranty shall not apply to equipment or components which has/have:
1.Been the subject of an accident, or repairs or modifications attempted or made and not authorized by Seller.
2.Been used with incompatible products.
3.Been operated under abnormal conditions
4., excessive heat or cold, highly corrosive environments, or in an unintended manner.
5.Not been operated or maintained in accordance with Seller’s instructions.
6.Been subject to misuse or abuse, negligent handling, improper installation, accident, damage by fire, flood,
7.snow, ice, water or other liquid damage, lightning, abnormal electrical condition and/or power surge, earthquake, or other act of God or
events outside of Sellers control.
8.Had serial numbers altered, defaced or removed.
9.Been operated beyond capacity.
10.
11.Not been manufactured by Seller including parts, accessories, or components which have been integrated into, used alongside of, or in
conjunction with a product manufactured by Seller.
12.
TO THE EXTENT PERMITTED BY LAW, THIS WARRANTY AND THE REMEDIES SET FORTH ABOVE ARE EXCLUSIVE AND IN LIEU OF ALL OTHER
WARRANTIES, REMEDIES AND CONDITIONS, WHETHER ORAL OR WRITTEN, STATUTORY, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT
ALLOWED BY LAW, SELLER SPECIFICALLY DISCLAIMS ANY AND ALL STATUTORY OR IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION,
WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND WARRANTIES AGAINST HIDDEN OR LATENT DEFECTS. IF
SELLER CANNOT LAWFULLY DISCLAIM STATUTORY OR IMPLIED WARRANTIES THEN TO THE EXTENT PERMITTED BY LAW, ALL SUCH
WARRANTIES SHALL BE LIMITED IN DURATION TO THE DURATION OF THIS EXPRESS WARRANTY AND TO REPAIR OR REPLACEMENT SERVICE
