Brief 2

1) General information The products presented on the e-commerce website www.piquadro.com are offered by Piquadro S.p.A., company registered with the Bologna Trade Register with tax code 02554531208 and VAT no. 02554531208. The registered office is in Silla di Gaggio Montano, Loc. Sassuriano, 246 (BO), Italy (“Piquadro”).The email address is piquadro@piquadro.com. The telephone number is +0039 0534 409001 and the fax number is +0039 0534 409090. Purchases made using the Internet on the e-commerce website are regulated by the Italian law and these contractual conditions, provided on the website when the order is made (“General Conditions”). Any dispute that may arise on the completion, interpretation and execution of a sale stipulated via Piquadro e-commerce will be referred to the sole jurisdiction of the Italian judicial authorities. 2) Users and Orders Only end consumers may use the Piquadro e-commerce website. End consumers are natural persons of age who act with purposes not concerning a business, entrepreneurial, artisan and/or professional activity carried on, and who fall within the definition of "consumers" contained in Italian Legislative Decree 206/2005 as amended (the “Consumer Code”). Piquadro shall regard and take into consideration only purchase orders having the following characteristics as being valid and effective: - the orders can come only from the following countries - and a relevant price list for each of which will be specified -: Italy, France, Spain, Germany, Great Britain, Austria, Belgium, Denmark, Sweden, Netherlands, Russian Federation, Finland, Luxembourg, USA, Switzerland, Poland, Rumania, Portugal, Ireland, Bulgaria, and Croatia; - the orders can be processed only if they are for 10 items at the most, and in any case for a total maximum value of € 10,500.00; - Piquadro will process the orders only if shipment is requested within the territory of the price list from which the order is made. All orders that do not have the characteristics listed above will not be accepted, and if they are accepted, Piquadro may be consider them invalid and ineffectual. Piquadro reserves the right to not process orders that do not have the characteristics listed above. It is also understood that Piquadro may not process the order and/or may consider it ineffectual when there is no possibility to verify that the shipping address and invoicing information is correct, or if the order has been made for the purpose of re-sale, in which case Piquadro reserves the right to terminate the contract with immediate effect and with simple notification in writing sent by email. 3) Prices The purchase prices of the Piquadro products will be specific for each country from which the order arrives and will include any taxes due. Piquadro may apply special promotions to one or more products on the website that alter their prices. The essential characteristics of the products and prices are provided on the product sheet on the website, to which the user must gain access before executing the order. The images of the products might not fully match the actual products. 4) Shipments Costs for shipping the product will be borne by the user of the e-commerce service, and they will be explicitly indicated at the time the product is purchased. Piquadro undertakes to enter into a shipping contract with a primary company as the user's appointee, taking the conditions the carrier applies into account. The user: - may specify that the purchase be shipped to an address other than that of the account holder of the order and/or that specified for billing (however within the borders of the same country); - must specify a shipping address where someone is always available to collect the package. If someone is not at the address indicated for collection, an address other than that of residence where the required condition is met must be indicated; - Piquadro will normally process the order within 48 hours after receiving payment confirmation. The estimated time for delivery depends on the carrier selected. Once shipment has been made, Piquadro will also automatically send an email containing all information the user needs to track the order, including the direct link to the portal of DHL or the other carrier selected for immediate checking of the delivery status. In any case, Piquadro is not responsible for non-delivery and/or delayed delivery of the package if the collection procedure described above is not observed or if the customer has provided incorrect information; - if the items ordered are not delivered within 10 business days from the order confirmation data, the user may personally contact the Piquadro customer service department. The order status and/or shipment status will be verified through the shipping company. In any case, the products will be delivered in the shortest time possible and within the legal deadline (i.e., pursuant to Art. 61 of the Italian Consumer Code, 30 days from the Delivery Date). To check which countries to which shipments can be sent, Click here. 5) Filling in orders To finalise the purchase contract, the user has to complete the order procedure by filling in all sections on the website and confirm payment for the order on the website of the selected payment entity. It is understood that orders coming from countries other than those indicated and having characteristics different from those described above (in terms of quantity and shipping address) shall in no case whatsoever be accepted. 6) Instructions for filling in orders and information Before filling in the order, the user should go to the FAQ section where Piquadro's identity and address, including email address), shipping costs, all other information on executing the contract, right of withdrawal and methods and deadlines for returning the product if the right is exercised, and all the other information on the General Conditions. The user can store and/or print the General Conditions 7) Instructions for filling in orders and technical information The user may also go to the FAQ section where further instructions to follow for finalising the contract and on technical means to use to correct any errors before forwarding the order can be found. 8) Orders and Information Concise information on the product features, price, shipping costs, delivery method and payment for the product is provided during the order procedure. 9) Filling in orders and liability To finalise the purchase contract, the order procedure and payment on the website of the selected entity must first be completed. Both operations must be carried out following the instructions provided on the website. If due to a typing error or for any other reason the user does not want to complete orders in terms of characteristics, quantities and/or prices, the user should not complete the procedure. The user is responsible for the correctness of the information provided during the order and payment procedure, and Piquadro assumes no responsibility for "undesired" orders sent by error and/or by minors, and will execute them in compliance with the information provided by the user and may demand payment of the agreed-on consideration.If while filling in the order and finalising the contract the user should notice that the price of one or more products he or she plans to select for the next purchase is clearly lower than that normally applied, net of any discounts and/or promotions in effect at that time, due to an evident technical problem on the website, the user is asked to not complete the purchase order and to notify the above-mentioned technical error to Piquadro by sending an email to piquadro@piquadro.com. If the user has completed the purchase order and a product whose price is clearly lower than that normally applied, net of any discounts and/or promotions in effect at that time, due to an evident technical problem on the website: (a) if the user has not yet received the product, Piquadro will (i) cancel the order whose delivery will therefore not be made while at the same time sending a notification stating such by email to the email address the user specified when filling in and transmitting the order and (ii) refund the user payments made with regard to the cancelled order, including delivery costs, without undue delay and in any case no later than 14 days from cancellation of the order, using the same means of payment the user had used for the initial transaction; (b) if the user has received the product, Piquadro will promptly inform the user by email of the error that had occurred at the time the order was completed and will offer the user the alternative options of (i) paying Piquadro the amount corresponding to the difference between the correct price of the product and the incorrect price indicated on the purchase order before and no later than 5 (five) days using one of the methods of payment available, or (ii) cancelling the order following the instructions contained in the notification and returning the product to Piquadro at Piquadro's expense before and no later than 14 (fourteen) days, sending it to Piquadro damage-free and complete with all its elements and accessories (including the labels and tags unaltered and attached to the product), and with the enclosed instructions/notes/manuals, original wrappings and packaging and the certificate of warranty together with the return form, appropriately filled in, found attached to the email sent by Piquadro. If the user has selected the option described in foregoing point (b) (ii), Piquadro will refund the user the payments made in connection with the cancelled order, including the delivery costs, without undue delay and, in any case, not after 14 days from cancellation of the order, using the same means of payment the user used for the initial transaction. 10) Filing of orders The order confirmation and relevant data are filed in the Piquadro electronic data bank for the period necessary for processing the order, and however for the period required by law. The user will be sent an order confirmation via email with all the reference data of the order. Registered users can also view these data in the My Piquadro section. 11) Finalisation of contract Lastly, the contract is finalised between the time Piquadro electronically receives the order confirmation and the time Piquadro receives confirmation of payment from the selected entity, subject to verification that the data entered are correct. Piquadro is entitled to refuse the order by notifying such by email within 2 days from its receipt, in the event of incorrect data or the forwarding of an incorrect and/or invalid credit card code to the selected entity. 12) Non-availability of products If the products displayed on the Piquadro e-commerce website are no longer available, Piquadro will notify any non-availability of products in stock within 30 days from the date the order is received. If the product price has already been paid, Piquadro will return the paid sum. In this case, Piquadro shall owe nothing by way of compensation for damages or any other right. 13) Legal warranty Piquadro warrants compliance of its products with what is stated on the relevant product sheet displayed on the website for a period of two years, and in accordance with Art. 128-135 of the Italian Consumer Code to which the reader is referred. The warranty does not cover damage caused by mistreatment of the Products, misuse, accidents, water, solvents, wear and tear, damage caused by carriers and, in any case, damage arising from third-party factors not attributable to compliance defects of the products. Without prejudice to cases of fraud or gross negligence, damages caused by compliance defects of the Products and that consist of the loss of the product content and those consequent to the impossibility to use the product shall however not be refunded. 14) Additional warranty In the case of compliance defect, and provided that this defect is not due to the same causes that debar the legal warranty pursuant to the foregoing article, the purchaser may exercise the additional warranty in place of the legal warranty, which is provided by Piquadro by contacting the Piquadro customer service department, which will report the claimed defect by fax or email. This warranty, which lasts two years from the date the purchase is made and that will be extended another 36 months if the user registers with the Piquadro Club, involves releasing the user's claim from the periods of limitation provided for by Art. 132 of the Italian Consumer Code, if granted. The user will have the right to repair and/or replacement of the product and the relevant costs, including those covering transport, will be borne by Piquadro. The user may register with Piquadro Club by totally filling in, signing and returning the form in the product tag inside the Piquadro package. As an alternative, the user may also register online on the website www.piquadro.com in the Piquadro Club section, giving authorisation to the processing of personal data. 15) How to activate the additional warranty The additional warranty is given only after the defect is reported and after submitting one of the following documents to Piquadro, which are unavoidable conditions for gaining access to the service: warranty coupon inside the package with date of purchase confirmed by the reseller's stamp, receipt, invoice or e-commerce order code. It is necessary to totally fill in the specially provided request form and send it by fax or email to the Piquadro customer service department. The form must be accompanied by one of the documents listed above. Only after the requested documents have been properly and totally received will Piquadro issue a return authorisation number that the user must affix to the package with which the product is returned. In this case, the transport costs will be borne by Piquadro. Warranty claims submitted in another manner will not be accepted. If, then, the user is mistakenly admitted to the service, Piquadro may charge the user the transport costs borne. If the product arriving at Piquadro is not covered by a warranty because there are no compliance defects attributable to Piquadro described in point 13 above, the repair and/or replacement may however be carried out at the user's expense, provided the product is reparable and/or replacement is possible. In this case Piquadro will send a repair and/or replacement cost estimate to the user, which has to be returned to Piquadro by whoever is requesting the service by way of acceptance. No repair and/or replacement not covered by the warranty will be made without the prior consent of the person requesting it. The time required for repair and/or replacement varies, depending on the type of intervention and product availability. Repair under warranty is approximately carried out within 3 weeks from receipt of the product and/or, in the case of repairs not under warranty, from receipt of the user's approval in writing of the cost estimate. Repairs no under warranty will start only when Piquadro receives the approval in writing of the cost estimate sent by the user. 16) Payments Payment for online purchases made on the Piquadro website can be made only with a Visa - American Express - Mastercard credit card through the Setefi system, or through the Paypal system. The amount of the order will be debited on the credit car only at the time of shipment. Payment for orders is made outside the Piquadro systems (inside the Setefi and Paypal servers), so it is in no way the data controller or processor of the bank data or data of the credit card with which payment is made. 17) Withdrawal The purchase has the right to withdraw from the contract stipulated with Piquadro within 14 business days from delivery of the products without any penalty and/or justification. To exercise the right of withdrawal, the purchaser must send a notice by registered letter with advice of receipt, in which he or she explicitly declares the wish to return the product(s) ordered within 14 days from the date the goods are received. The notice may also be sent by fax and/or email provided it is confirmed with registered letter with advice of receipt within the following 48 hours. In the case multiple products have been purchased, withdrawal may be exercised also for just some of them. If the right of withdrawal is exercised, the user must return the purchased product to Piquadro at his or her expense by sending it to Piquadro within 14 days from the date the right of withdrawal is exercised. All goods must be sent to Piquadro's address. In order to be able to return the purchased products, they must arrive at the above-mentioned address in a perfect state of preservation. The product must be sent back with the original product packaging and with the product tag. To return the product, the steps listed in the return procedure must be followed. They are found in the FAQ section. 17 bis) Exclusion of right of withdrawal for customised products and the Sartoria line The products the user ordered are customised and/or made to measure based on the selections the purchaser has made. For this reason the user's right of withdrawal is expressly excluded, pursuant and consequent to the effects of Art. 59, letter c) of the Italian Consumer Code. 18) ReturnsThe purchaser is responsible for returning the products packed in the original box in order to prevent the goods from arriving at destination in a deteriorated condition. Only if the original packing is unusable may the purchaser use another box that has the same size and sturdiness. Return shipments made with methods other than those specified above, the only ones authorised, will not be accepted. Products cannot be returned following withdrawal with costs borne by the recipient. Once the return has arrived at destination, Piquadro will check the legitimacy of the return and once correctness of the operations has been checked, it will send the user a confirmation email. The amount paid will be charged back through the system with which payment was made. The chargeback usually is made within 14 days from when Piquadro is notified of the withdrawal and when Piquadro has received the product returned by the purchaser, whichever is later. 19) Disputes Every contract of sale finalised between Piquadro and the purchaser pursuant to these General Conditions will be regulated and interpreted in compliance with Italian laws, and with the Italian Consumer Code in particular. In any case, the right attributed to the purchaser by binding provisions of law in effect in the purchaser's country will not be affected. The purchaser is entitled to go to the European Online Dispute Resolution platform (the European ODR Platform) to settle any dispute with Piquadro. For more information about the European ODR Platform or to start an alternative termination procedure for a dispute regarding the contract with Piquadro through it, the purchaser must go to the following link: http://ec.europa.eu/odr. Piquadro's email address to specify on the European ODR Platform is the following: customerservice@piquadro.it

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