General terms and conditions of sale Zyon

drawn up by the Association of Wholesalers in Floricultural Products (VGB) and filed with the
Amsterdam Chamber of Commerce and Industry under no. 40596609.

I General
1. These General Terms and Conditions apply to all offers made by a wholesaler (the ‘Seller’) to all
agreements concluded between the Seller and a customer (the ‘Buyer) and to the performance of
those agreements. Unless the application of Buyer’s terms and conditions has been agreed in writing,
they are expressly excluded.
2. Any varying provisions must be expressly agreed in writing. The varying provisions will have
preference over the General terms.

II Offers/agreement
1. All offers made shall not bind the Seller, unless they specify a time limit. If a non-binding offer is
accepted by the Buyer, the Seller may nevertheless revoke the offer within two working days of
receipt of the acceptance.
2. Any details published by the Seller about the offered product, including but not limited to images,
product specifications and similar communications, on the Sellers website or wherever else, serve
only as indications. No obligation arises from them on the part of the Seller, and the Buyer cannot
derive any rights from them, unless the Seller has explicity stated in writing that the products in
question correspond with the published details.
3. An agreement will be concluded at the moment of express acceptance of the order by the Seller in
a manner that is customary in the sector.
4. Offers are once-only and will not apply to repeat orders.

III Prices
1. The prices are ex works (EXW) Sellers.
2. Unless otherwise agreed, the prices do not include value added tax (VAT), import duties, other
taxes and charges, costs of quality inspection and/or phytosanitary testing, costs of loading and
unloading, packaging, transport, insurance and any other costs. The Seller shall charge the Buyer all
increments to the cost price which are paid initially by the Seller and/or which the Seller is required
to charge the Buyer on the basis of a legal arrangement. Transportation insurance will be taken out
only at the explicit request and at the expense of the Buyer.
3. The prices are in euros, unless another currency is stated in the invoice.

IV Delivery and delivery time
1. Any delivery times quoted are an indication only and may in no event be regarded as being of the
essence, unless otherwise expressly agreed in writing. The Seller will not be liable for any loss
incurred by the Buyer as a result of delays beyond the delivery time quoted.
2. Should the Seller not be able to perform (part of) an order, he will inform the Buyer as soon as
possible. If the Seller is not able to deliver the ordered quantity, he may deliver a smaller quantity or
postpone the performance and/or, by mutual arrangement with the Buyer, deliver other products
that are similar or of the same value.
3. Unless otherwise expressly agreed in writing the Sellers warehouse or processing area or any other
place indicated by the Seller will be regarded as the place of delivery. The risk is transferred to the
Buyer at the moment of delivery or, in the event of transportation, at the moment the products are
handed over to the haulier or leave the delivery location to be transported, irrespective of whether
the transportation takes place from the delivery location and/or whether the Buyer or the Seller pays
the transportation costs.
4. Delivery will be free only if and to the extent as so agreed and stated by the Seller in the order
confirmation.
5. The Seller reserves the right not to perform orders if the Buyer has not paid for previous deliveries
within the agreed term of payment, if the Buyer has otherwise failed to fulfil his obligations or if, in
the Sellers opinion, the Buyer is at risk of failing to fulfil his obligations to the Seller.
6. If the Buyer has not taken delivery of the products at the agreed time and place, the Buyer will be
in default and liable for any loss in quality. The products ordered will be available to the Buyer during
storage and will be stored to the Buyers account and at the Buyers risk.
7. If, however, the Buyer has not taken delivery of the products after a limited storage period (that
may be considered reasonable in view of the product type) and if in the opinion of the Seller the risk
of loss of quality and/or decay of the products so demands in order to limit loss, the Seller will be
entitled to sell the products in question to a third party.
8. Non-performance by the Buyer does not relieve him of his obligation to pay the full price.
9. The Seller will not be liable for any loss incurred as a consequence of non-delivery.

V Force majeure
1. In the event of force majeure the Seller may fully or partly rescind the agreement or postpone
delivery for the duration of the force majeure.
2. ‘Force majeure’ includes, but is not limited to, circumstances such as civil commotion, war, strikes,
natural disasters, epidemics, pandemics, terrorism, weather conditions, traffic conditions such as
roadblocks, road work or traffic jams, fire, government measures or the, such, also if these
circumstances relate only to the execution of the agreement by enlisted third parties such as a
supplier of the Seller or a haulier.
3. An example of force majeure explicity includes the situation that the Sellers (main) bank applies or
will apply regulations, which may result in the Sellers relationship with this bank being terminated or3
at risk of being terminated if the agreement between the Seller and the Buyer is maintained, such in
the opinion of the Seller.

VI Packaging
1. The products will be packaged in the manner that is customary in the flower and plant wholesale
trade in such a way as will be determined by the Seller in accordance with sound business practice,
unless otherwise agreed in writing.
2. Non-reusable packaging may be charged and is non-returnable.
3. If the products are delivered in reusable packaging (cardboard boxes) and/or on durable transport
material (stacking trolleys, containers, pallets, etc.) the Buyer shall return identical packaging
material with the same registration (e.g. a chip or label) to the Seller within a week of delivery, also if
a usage fee is charged, unless otherwise agreed in writing.
4. If return consignments are not sent on time or durable packaging and/or transport material that is
loaned to the Buyer for the longer term is not returned within a reasonable time set by the Seller, the
Seller reserves the right to a) charge the costs thereof to the Buyer and b) recover form the Buyer
any further loss incurred by the Seller in connection herewith, such as extra rental costs.
5. Any costs initially paid the Seller for the return transport will be charged separately to the Buyer
unless otherwise agreed in writing. If a deposit is charged, that deposit will be refunded after the
material in question has been returned in good condition.
6. The Buyer shall reimburse the Seller for the repair or replacement costs of reusable and/or durable
packaging that is damaged or lost and for any further damage sustained by the Seller in connection
herewith, such as extra rental costs.
7. In the event of a dispute between the Seller and the Buyer with regard to outstanding quantities of
transport material the administrative records of the Seller shall prevail.

VII Complaints
1. Notification regarding complaints concerning visible defects, including quantities, sizes and/or
weight, must be received by the Seller by fax, telex, e-mail or telephone immediately after discovery
but at the latest within 24 hours of receipt. Notification by telephone must be confirmed in writing
by the Buyer within two days of receipt of the products. The Buyer of recipient of the products must
also note any visible complaint upon delivery on the transport documents in question.
2. Complaints concerning non-visible defects in products delivered must be notified to the Seller
immediately after discovery. If the complaint was not submitted in writing, it must be confirmed to
the Seller in writing within 24 hours.
3. A complaint must in any event contain:
a. A detailed and accurate description of the defect(s), supported by evidence in the form of, for
example, photos or an expert report and;
b. A statement of any other facts form which it can be inferred that the products delivered and the
products rejected by the Buyer are one and the same.4
4. The Buyer is to enable the Seller to investigate, or instigate an investigation of, the validity of the
complaints on location and/or to take back the products delivered, unless the Seller has explicity
agreed in writing to waive an investigation on location. The products must be kept in the original
packaging.
5. Complaints that concern only a part of the products delivered will not entitle the Buyer to reject
the entire delivery.
6. Once the time limits referred to in VII.1 and VII.2 have elapsed, the Buyer will be deemed to have
accepted the products delivered and the invoice rendered. The Seller will then no longer be obliged
to handle any claims submitted by the Buyer.
7. If a complaint submitted by the Buyer proves unfounded, the Buyer shall reimburse the Seller for
any costs incurred in connection with the investigation.

VIII Liability
1. The Seller is not liable for any loss incurred by the Buyer, unless and to the extent the Buyer
proves, that the loss was caused by intent or gross negligence on the part of the Seller.
2. Defects concerning any possible phytosanitary and/or other requirements that are applicable in
the country of importation do not entitle the Buyer to any indemnification or rescindment of the
agreement, unless and to the extent that the Buyer has informed the Seller or these requirements
beforehand in writing.
3. The Seller is never liable for any consequential loss suffered by the Buyer. Should the Seller
nevertheless have to indemnify a loss, liability of the Seller for any loss incurred by the Buyer will not
exceed the invoice value of the part of the products delivered to which the claim applies.
4. Unless otherwise expressly stated, the products delivered are intended exlusively for decorative
purposes and are not suitable for internal consumption. The Seller notes that the products may have
harmful effects on humans and/or animals in the event of incorrect use, consumption, contact
and/or hypersensitivity. In addition, moisture dripping from some products can cause damage to
materials that it comes into contact with. The Buyer must pass on this warning to its customers and
indemnifies the Seller against any and all claims form third parties, including end users, in respect of
these consequences.

IX Payment
1. Payment must be made at the office of the Seller and at the Sellers option:
a. Net cash on delivery or;
b. Within the term indicated by the Seller or, if no term has been specified, within 30 days after the
invoice date, by means of deposit or transfer to a bank account indicated by the Seller or;
c. By automatic withdrawal.
Any possible bank charges will be for the account of the Buyer.
2. The Buyer may not defer payment of the purchase price or deduct any amounts from the purchase
price without explicit prior written permission from the Seller.5
3. The Buyer will be in default upon the expiry of the term of payment. The Seller will then be
entitled to rescind the agreement with immediate effect. The Seller is not liable regarding any
consequences that this rescindment might entail.
4. If the Buyer is in default, the Seller will be entitled to charge interest of 1,5% on a monthly basis or,
should the legal rate be higher, the legal rate on the amount outstanding, as from the due date of
the invoice until the date of payment in full. If the Buyer is in default the Seller is further entitled to
charge any exchange-rate losses incurred as a consequence thereof.
5. A Buyer based in an EU Member State other than the Netherlands shall inform the Seller correctly
in writing of his VAT identification number. At the first request of the Seller shall further provide the
Seller with all the information and documents that the Seller requires to prove that the products
have been delivered to an EU Member State other than the Netherlands. The Buyer shall indemnify
the Seller against all claims and all adverse consequences arising from failure or partial failure to fulfil
these obligations.
6. If third parties are instructed to collect overdue payments, the Buyer shall account to the Seller for
any court and/or out-of-court costs involved, subject to a minimum of 15% of the outstanding sum,
and such sums will fall due immediately.

X Retention of title
1. Title of all products delivered will continue to vest in the Seller until the Buyer has settled in full all
amounts that are payable or will be payable to the Seller by the Buyer for products delivered by the
Seller, including payments for any shortcomings by the Buyer in the fulfilment of his obligations.
2. The Buyer may not pledge the delivered products or use them as security in any other manner as
long as ownership has not been transferred. If third parties levy or intend to levy an attachment on
those products or otherwise wish to dispose of them, the Buyer must immediately inform the Seller
accordingly.
3. The Buyer must always fully cooperate, at the Sellers first request, in the Sellers exercising of its
retention of title. The Buyer will be liable for all costs incurred by the Seller in connection with its
retention of title and any related actions, as well as for any direct and indirect loss incurred by the
Seller arising therefrom.
4. With respect to products destined for export, from the time of arrival in the country of destination,
the law of the country destination will apply to the property law consequences related to retention
of title. From that moment, if permitted under that applicable law, the following provisions apply in
addition to the provisions of points 1 to 3 above:
a. In the event of breach of contract by the Buyer, the Seller will have the right to immediately take
possession of the products delivered and of the relevant packaging and transport materials, and to
dispose of them at its discretion. If so prescribed by law, this will imply termination of the agreement
in question.
b. The Buyer will be entitled to sell the products in the ordinary course of its business. It hereby
assigns all claims that it may acquire against third parties pursuant to such sales. The Seller hereby
acknowledges this assignment and reserves the night to pursue any such claims as soon as the Buyer
fails to fulfil its payment obligations.6
c. The Buyer may process the products in the ordinary course of its business, whether or not the
products are mixed with other products not supplied by the Seller. The Seller will acquire joint title to
the new goods, in the proportion in which the Sellers products from part of those new goods, the
ownership of which, should this occur, is transferred at this moment by the Buyer to the Seller, who
accepts this transfer.
d. If the Seller is required by law to surrender part of the stipulated security on request (if the
security exceeds the value of any outstanding claims by a certain percentage), it will do so as soon as
the Buyer so requests and if it is also apparent from the Sellers accounting records.

XI Special warranties from buyer to seller
A) National and international sanctions
1. The Buyer guarantees:
a. That it complies and will continue to comply with each relevant countries sanction regulations
applicable to the execution of the concluded agreement (‘’Sanction Legislation’’),
b. That it will not directly or indirectly sell, transfer, supply or otherwise make the purchased goods
available to natural or legal persons, entities, groups or public-sector or other organisations that have
been sanctioned pursuant to the Sanctions Legislation, and
c. That all obligations under a) und b) of this article will also be imposed on every party to which it
sells on or supplies goods that it bought from the Seller.
2. If the Buyer does not fulfil its obligations arising from the article, or does not fulfil then in time or
properly, the Seller will be entitled, without further notice of default being required, to suspend the
execution of the agreement with immediate effect or to dissolve the agreement. The Seller will not
be obliged to compensate the Buyer for any resulting damage, while the Buyer will be fully liable for
any damage that may arise on the part of the Seller as a result of the Buyers failure to comply with
this article.
B) National and international anti-corruption legislation
1. The Buyer guarantees:
a. That it complies at all times and will continue to comply with each relevant counties anti-
corruption regulations applicable to the execution of the concluded agreement (‘’Anti-Corruption
Legislation’’),
b. That it applies a strict prohibition with regard to any offer to and any acceptance by employees or
members of the Board of Directors of the Buyer of any goods or services of monetary value such as
gifts, trips, entertainment or whatever, insofar as apparently intended as an incentive to act in a
certain way in connection with an agreement or the formation thereof.
c. That it will not offer, promise or give anything directly of indirectly to any political party, campaign,
government agency, officer or public institutions, state-run enterprises, organisations, international
institutions, etc., of their employees, with the purpose of acquiring or retaining improper advantage
in connection with the agreement or the Seller.
d. In connection with the agreement of the performance thereof or the Seller, that it will not offer,
promise or give anything to or accept anything from a business client, unless there is a reasonable7
ground to do so and it is reasonable to do so in the context of the daily course of affairs and,
moreover, complies with local legislation.
e. That it will inform the Seller immediately if, in connection with the agreement or the execution
thereof, the Buyer takes note of any situation that may be in conflict with the Anti-Corruption
Legislation.
2. If the Buyer does not fulfil its obligations arising from this article, or does not fulfil them in time or
properly, the Seller will be entitled, without further notice of default being required, to suspend the
execution of the agreement with immediate effect or to dissolve the agreement. The Seller will not
be obliged to compensate the Buyer for any resulting damage, while the Buyer will be fully liable for
any damage that may arise on the part of the Seller as a result of the Buyers failure to comply with
this article.

XII Data protection
1. The Seller is entitled to place identification data and data regarding payment and the payment
behaviour of the Buyer at the disposal of Floridata, a partnership of wholesalers in the floricultural
sector.
2. The data referred to in XI.1 are processed by Floridata in a databank in order to gain insight into
the markets in which the respective wholesalers sell their floricultural products on the one hand and
the payment behaviour of individual buyers on the other.
3. The data on the sale of floricultural products are processed in aggregated figures from which no
personal data can be derived. These data are published from time to time either by Floridata or via
third parties.
4. The data on the payment behaviour of individual buyers are processed in order to estimate the
debtor risk. Personal data may possibly be inferred from these. The data on payment behaviour are
shared by Floridata only upon special request and provided that the request comes from a
wholesaler who participates in Floridata and provided it serves to limit his own debtor risk.
5. Should the above activities of Floridata be carried out at any time by another party, the Seller has
the right to place the above-mentioned data at the disposal of the said other party, which will be
subject to the same restrictions as Floridata in respect of these data.

XIII Applicable law/disputes
1. All agreements to which these General Terms and Conditions apply in full or in part are governed
by Dutch law. The provisions of the Vienna Sales Convention are expressly excluded.
2. The Buyer may only submit claims in respect of or arising from agreements, to which these
General Terms and Conditions apply, to the competent Dutch Court in the territory in which the
Seller has its registered office. The Seller may submit such claims either tot he competent court in
the territory in which the Seller has its registered office or to the Dutch court in the territory in which
the Buyer has its registered office.3. Contrary to the provisions of XII. 2, the Seller and the Buyer may agree in submit any dispute to an
arbitral tribunal acting according to the Rules of the Netherlands Arbitration Institute, whose
decision will be accepted as binding by both parties.

XIV Final provision
1. Any cases for which these General Terms and Conditions do not provide will also be governed by
Dutch law.
2. If and to the extent that any part of provision of these General Terms and Conditions is found to be
contrary to any mandatory rule of law, that part or that provision will be regarded as not having been
agreed and these General Terms and Conditions will otherwise continue to bind the parties. The
parties will then act as if, should they have known of the invalidity of the provision, they had agreed
to a valid provision that corresponds with the intentions of the invalid provision, or to a provision
comes closest to those intentions.

October 2021