TERMS AND CONDITIONS OF SALES BETWEEN PWI, INC. (Seller) and CUSTOMER (Buyer)

QUOTES: Prices, terms, and conditions of sale are good for 60 days. Every effort will be made to provide reasonable notice of changes in prices on stock, standard parts.

RETURN OF MATERIAL: All returns must be approved by seller, unless returning for repair services. Any returned parts for warranty shall be evaluated and determined by seller of warranty consideration. All customers must inspect all product upon receipt. Any product returned for defects upon arrival must be returned within 30 days for any warranty consideration.

CREDIT TERMS: Open accounts may be applied for. Upon approval open accounts will be Net 30 days unless otherwise agreed upon in writing. All other accounts are due at time of sale.

CANCELLATION: Any request for cancellation must be presented to seller in writing. Seller may accept cancellation of an order for standard parts prior to standard lead time. Within standard lead time, cancellation may be refused or subject to a cancellation charge. Request for cancellation of any non-standard parts are subject to cancellation charges up to 100%. Blanket order cancellation will be based on the original ship schedule, not on subsequent delivery re-schedules. Any parts in assembly process must be taken at the full price. Seller agrees to pay any price differences incurred due to lower purchased amounts as a result of cancellation. Any NCNR parts will be charged Buyer at rate seller paid for said parts.

WARRANTY: Unless otherwise agreed upon in writing, PWI product has a one (1) year warranty from date of manufacturing, and any repaired items have a six (6) month warranty from the date of repair. Any overhauled product shall have the same one (1) year warranty as a new sales starting at time of overhaul.

FREIGHT CHARGES: Shipments are sold FOB origin. Seller reserves the right to select the method and type of transportation to the buyer. All shipping and handling charges, including excess packing, shipping, transportation charges, expediting and special handling costs shall be the responsibility of the buyer.

GOODS DAMAGED IN TRANSIT/CONCEALED DAMAGE: Damage to goods in transit is the liability of the carrier. It is the responsibility of the buyer to document and report all damages to the carrier without delay. Any evidence of damage must be retained by the buyer for inspection by the carrier. If damage was not noted and reported at the time of the receipt of the goods, the carriers may refuse liability for concealed damage reported after 30 days. Seller does not accept liability for goods damaged in transit.

TAXES: Any responsibility for any taxes that might be due on the product is solely the responsibility of the buyer.

GOVERNING LAW: All contracts between buyer and seller shall be governed by and construed in accordance with the applicable laws of the State of Kansas.