5. Warranty
5.1 The Supplier hereby provides a warranty against design defects and manufacturing defects including defects as a result of either poor materials or workmanship for the Products. The warranty period shall be twenty four (24) months after the last Products have been delivered per Clause 3, or after the readiness of last goods delivery, if delay of delivery is not attributable to the Supplier, whichever come earlier (the “Warranty Period”).
The warranty period shall be suspended for the time of repair, and it shall be renewed for 12 months, if original warranty period remains less than 12 months.
5.2 If during the Warranty Period any of the Products fails to meet the warranty as provided for in Clause 5.1 above, the Purchaser shall inform the Supplier in writing, providing details of such failure, and the Supplier shall at its expense adjust, repair, or replace such defective Product . The Supplier shall respond to the Purchaser within ten (10) working days after the receipt of written notification from the Purchaser.
5.3 The Supplier shall provide the Purchaser with a warranty bond (in the form set forth in Appendix C) valid according to Clause 5.1, which shall be issued by a reputable commercial bank and shall be in the amount of ten percent (10%) of the Purchase Price excluding the applicable VAT (the "Warranty Bond").