TERMS OF PAYMENT

• All payments shall be made to E-GO MOBILITY LIMITED within thirty (30) calendar days from the invoice date without any deductions.

• For orders amounting to a total value of more than HKD50,000 net, a down payment of fifty percent (50 %) shall be made upon placing of the order. E-GO MOBILITY LIMITED shall not be obliged to pay any interest on the down payment.

• E-GO MOBILITY LIMITED reserves the right to demand securities for payment and/or advance payments.

• The Customer may set off payments only against such claims or assert a right of retention only with respect to claims that are uncontested or established with non-appealable effect. The Customer shall be entitled to assert a right of retention only on the ground of claims that derive from the same contract as the corresponding counterclaim of E-GO MOBILITY LIMITED.

• If the Customer is in delay of payment, E-GO MOBILITY reserves the right without waiving any other rights, to charge at 2.5% per month until the invoice has been paid in full by the Customer.

• All agreed price discounts on the prices shown in the contract and all agreed rebates of any kind whatsoever will cease to apply entirely if the Customer is fully or partially in default to E-GO MOBILITY LIMITED with its payment and acceptance obligations.

• The place of payment shall be in Hong Kong SAR, PRC.