General Terms and Conditions of Purchase for direct materials and services

3 / 11 2.11. “ LU-VE Group ”: means the group of companies composed of the Holding and the Affiliates; 2.12. “ Incoterms 2010 ”: means the terms drawn up by the International Chamber of Commerce for the interpretation of trade-related terms; 2.13. “ Confidential Information ”: means any data and/or information of any kind (commercial, financial, technical, operational, management-related, administrative, legal, etc.) and in any form (written or oral, in visual or electronic format, on paper, on magnetic or digital media, without any exclusion) including, by way of example and without limitation, data, know-how, drawings, models, diagrams, formulas, projects, procedures or processes, images, files, archives, databases, software and related source code, materials, material samples, products, equipment and all the related technical and functional specifications, which the Supplier may become aware of, directly or indirectly, before or after the date the Order is signed, including by accessing the documentation and/or goods of any kind provided, following interviews or on the occasion of the execution of related activities, connected or consequent to the Order, regardless of whether such data and/or information has been specifically identified as “confidential”, “privileged” or “price sensitive”; 2.14. “ Price List ”: means the price list officially in force, sent from time to time by the Supplier to LU-VE; 2.15. “ LU-VE ” or “ Company ”: means the Holding and/or the Affiliate that, as the case may be, is a part of the Purchase 2.16. “ Order ”: means any individual order for the Purchase of Products sent by LU-VE to the Supplier; 2.17. “ Parties ”: means LU-VE and the Supplier; 2.18. “ Delivery Schedule ” means, with respect to each Supplier Contract, a written schedule sent from time to time by LU-VE and integrated into these Terms and Conditions, specifying the required delivery dates and quantities of Products to be supplied during the period of time defined by said schedule; 2.19. “ Product ”: means any good or service purchased by LU-VE or by one of its Affiliates; 2.20. “ Defective Product ”: means Products that do not conform to the specifications agreed upon between the Parties, or that present manufacturing defects, including of a hidden or not immediate nature, provided they are discovered within one year from the delivery, such as to render the Products useless for the purposes for which they were ordered; 2.21. “ Website ”: refers to the www.luvegroup.com website or any other website that is or will be the official website of LU-VE Group; 2.22. “ LU-VE Purchasing Office ”: the LU-VE office or department responsible for Purchasing activities. 3. PURPOSE OF THE GENERAL TERMS AND CONDITIONS 3.1. LU-VE shall not be bound by the Supplier’s general terms and conditions of sale, even in cases where reference is made thereto or said terms and conditions are contained in any documentation provided by the Supplier; everything shall remain valid in the absence of a prior express written consent signed by both Parties. 3.2. LU-VE reserves the right to amend these General Terms and Conditions, it being understood that the new General Terms and Conditions shall apply to all Purchases concluded as from the day following the communication of the new General Terms and Conditions to the Supplier. 3.3. All Purchases shall be governed by these General Terms and Conditions and the documents indicated below. In the event of any conflict, discrepancy or contradiction between these General Terms and Conditions and the documents indicated below, the order of priority shall be as follows: a) Order; b) Delivery Schedule; c) Supplier Contract; d) Special Terms and Conditions of Purchase; e) General Terms and Conditions of Purchase.