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AR500

AR500 Laser Position Sensors

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Limited Use License Agreement

CAREFULLY READ THE FOLLOWING TERMS AND CONDITIONS BEFORE OPENING THE

PACKAGE CONTAINING THE PRODUCT AND THE COMPUTER SOFTWARE LICENSED

HEREUNDER. CONNECTING POWER TO THE MICROPROCESSOR CONTROL UNIT

INDICATES YOUR ACCEPTANCE OF THESE TERMS AND CONDITIONS. IF YOU DO NOT

AGREE WITH THE TERMS AND CONDITIONS, PROMPTLY RETURN THE UNIT WITH

POWER SEAL INTACT TO THE DEALER FROM WHOM YOU PURCHASED THE PRODUCT

WITHIN FIFTEEN DAYS FROM DATE OF PURCHASE AND YOUR PURCHASE PRICE WILL

BE REFUNDED BY THE DEALER. IF THE DEALER FAILS TO REFUND YOUR PURCHASE

PRICE, CONTACT SCHMITT INDUSTRIES, INC. IMMEDIATELY AT THE ADDRESS SET

OUT BELOW CONCERNING RETURN ARRANGEMENTS.

Schmitt Industries, Inc. provides the hardware and computer software program contained in the

microprocessor control unit. Schmitt Industries, Inc. has a valuable proprietary interest in such

software and related documentation ("Software), and licenses the use of the Software to you

pursuant to the following terms and conditions. You assume responsibility for the selection of

the product suited to achieve your intended results, and for the installation, use and results

obtained.

License Terms And Conditions

a. You are granted a non-exclusive, perpetual license to use the Software solely on and in

conjunction with the product. You agree that the Software title remains with Schmitt

Industries, Inc. at all times.

b. You and your employees and agents agree to protect the confidentiality of the Software.

You may not distribute, disclose, or otherwise make the Software available to any third

party, except for a transferee who agrees to be bound by these license terms and

conditions. In the event of termination or expiration of this license for any reason

whatsoever, the obligation of confidentiality shall survive.

c. You may not disassemble, decode, translate, copy, reproduce, or modify the Software,

except only that a copy may be made for archival or back-up purposes as necessary for

use with the product.

d. You agree to maintain all proprietary notices and marks on the Software.

e. You may transfer this license if also transferring the product, provided the transferee agrees

to comply with all terms and conditions of this license. Upon such transfer, your license will

terminate and you agree to destroy all copies of the Software in your possession.

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