Master Supply Agreement (Summary)

Parties: Meridian Electronics Co. ("Buyer") and Toy - Kuvalis Components ("Supplier") Effective date: 2025-11-01 Term: 24 months, auto-renewing unless terminated with 60 days' written notice

Key terms

• Pricing fixed per the then-current price list at time of each purchase order, subject to written notice of adjustment from Supplier with reasonable lead time
• Standard payment terms: Net 30 from invoice date
• Standard lead time: quoted per purchase order; Supplier to notify Buyer promptly of any material deviation from quoted lead times
• Quality: Supplier warrants goods conform to agreed specifications; non-conforming goods subject to return/credit per Buyer's standard receiving inspection process