Mikrotik warrants that the product(s) covered hereunder (the “Product(s)”) shall be free from defects in material and workmanship for a period of one (1) year from the date of shipment by Mikrotik under normal use and operation. Mikrotik sole and exclusive obligation and liability under the foregoing warranty shall be for Mikrotik, at its discretion, to replace any Product with a new or refurbished version of the Product that fails to conform to the above warranty during the above warranty period. Such obligation shall be the sole remedy under this warranty and Mikrotik’ exclusive obligation and the full extent of its liability. The expense of removal and reinstallation of any Product, including labor costs, is not included in this warranty. The warranty period of any replaced Product shall not extend beyond its original term. This warranty does not cover any software applications or programs, non-Mikrotik products or non-Mikrotik peripherals. All products and parts that are replaced become the property of Mikrotik.