General Terms and Conditions of Sale

GF Piping Systems America includes Georg Fischer LLC and George Fischer Sloane, Inc. These Terms and Conditions (Rev. 7/2008) supersede all previous Terms and Conditions for George Fischer, Inc. and George Fischer Sloane, Inc.

It is the responsibility of the Distributor, Dealer, or Agent to provide a current copy of these Terms and Conditions to the Consumers of Georg Fischer Piping products.

Georg Fischer Piping Systems Americas: Locations and Product Portfolios

Georg Fischer LLC located in Tustin, California:

1. Engineered Piping Systems: PROGEF Standard PP, PROGEF Natural PP, SYGEF PVDF
2. Manual and Actuated Valves
3. Signet Product
4. Custom Products
5. Heat Exchangers
6. Metric PVC Piping System
7. ABS/COOL-FIT Piping Systems
8. Semifinished Products (Stock Shapes & Lining Laminates)

George Fischer Sloane, Inc. located in Little Rock, Arkansas:

1. Vinyl Piping Systems: PVC Schedule 40, PVC Schedule 80, CPVC Schedule 80
2. Manual Valves
3. Waste & Containment Piping Systems: Fuseal brands, Contain-It
4. Engineered Piping System: PPro-Seal Natural PP

Acceptance of Terms and Conditions

Acceptance by Customer of GF Piping Systems America, (hereinafter "Seller") offer of Products for sale is hereby expressly conditioned upon Customer's acceptance of these General Terms and Conditions of Sale and these General Terms and Conditions of Sale will be deemed accepted, as written, despite any language in Customer's purchase order and/or other documentation which is either conflicting or supplemental, unless promptly after this offer, Customer specifically advises Seller of each term and condition not so accepted and Seller accepts Customer's conflicting and/or supplemental term(s) in writing.

Order Acceptance

Seller reserves the right to accept or reject any order. Possession of a price list by Customer does not constitute an offer to sell.

Credit Approval and Minimum Order Charge

Customer credit approval is required prior to any shipment.

The minimum order is $100 net.

List Price, Discount or Freight Charges

List prices, discount, and freight terms are subject to change without notice. All prices are F.O.B. Seller's factory or authorized warehouse at Seller's discretion.

Payment Terms

2% 15 days, net 30, from date the invoice is issued unless otherwise stated in a specific quotation. No unauthorized deductions allowed, such as deductions for pending Return Material Transactions that are subject to review. Seller reserves the right to apply a finance charge to the balance of any past-due invoice (over 30 days from date of invoice) at a rate of 1.5% per month, 18% per annum.

Taxes

Seller charges Customer for all sales, excise and other taxes and governmental charges Seller is required to collect from Customer. Customers claiming exemption must furnish documentation required by law which is satisfactory to Seller to permit Seller to refrain from collecting such charges.

Order Changes or Cancellations

Cancellation or modifications of orders may be possible only with prior written consent from Seller. Since all orders are individually entered for processing immediately upon receipt, Seller reserves the right to charge back to the Customer costs incurred from either order cancellation or order modification. Seller also reserves the right to consider all order additions as new orders and subject to all terms and conditions.

Seller will not cancel orders for custom or non-cancelable products if Seller has already produced the product or incurred expenses toward producing the product at the time the Customer seeks to cancel.

Delivery

Seller disclaims liability for consequential damages from late deliveries unless seller assumes liability for such damages in writing when the order is placed. Further, Seller disclaims liability where delivery delays caused by strike, differences with workmen, or causes beyond Seller's control, including but not limited to fires, floods, accidents, government actions, shortages of labor, raw materials, production facilities, or transportation. Where delivery delays are caused by labor problems, Seller is not obligated to seek or obtain any settlement which, in Seller's judgment, is not in Seller's best interest.

Standard Packaging

Seller will accept orders from Customer exclusively in multiples of the standard packaging quantity or boxed quantity. Seller reserves the right to reject any order that is not a standard packaging or boxed quantity of a Product.

Freight

Continental US and Canada - Full freight will be paid on the following orders:

1. Pipe $6,000 net or greater
2. Fittings, Valves, & Actuation $1,500 net or greater

Freight allowed orders will be sent by a designated carrier of Seller's choice. Additional charges will be invoiced to Customer for special handling and air freight when requested. Standard Pipe lengths require long truck beds for shipping and may be shipped separate from valves and/or fittings purchased on the same order. Valves and/or fittings will be shipped using practical shipping methods.

Full freight will not be paid on the following orders:

1. Signet Product
2. Custom Products
3. PFA FuseBond
4. Heat Exchangers
5. Semifinished Products (Stock Shapes and Lining Laminates)
6. Fuseal Squared, Tanks and Accessories, and Special Fabrications
7. Fuseal Large Diameter; 8", 10", 12" Pipe and Fittings
8. International Orders (Excluding Canada)

Unless otherwise specified, shipments are surface, prepaid and added to invoice.

Mode of Shipment and Packaging

Seller reserves the right to ship orders in the most economical manner, as long as the product is shipped on or before the promised ship date. If product ships after the promised ship date, Seller may automatically adjust the shipping method to help improve delivery of the delayed shipment, at no additional cost.

If Seller pays freight, Seller may hold shipment until all items become available. Customer bears extra cost of non-standard packaging or handling requested by Customer.

Transfer of Ownership

All products are FOB Seller's facility and title of merchandise transfers when product is loaded onto carrier. Claims for damaged merchandise should be made to carrier by Customer.

Non-Conforming Shipments

Customer must notify Seller in writing within 7 days after receipt of shipments not conforming with Customer's order, stating specifically Customer's claim of non-conformity, or Customer is deemed to accept the shipment as is. If Seller is satisfied the shipment is non-conforming, Seller will (i) credit Customer for the price of defective goods or goods shipped but not ordered (including allocated outbound and return freight) upon return of goods; (ii) promptly ship omitted items waiving Seller's new order charges. Customer is required to make timely payment to Seller of any amount which is undisputed or not subject to such claims.

Return of Goods for Credit

Seller accepts returns of certain Engineered Piping Products, Valve and Actuation Products, Signet Instrumentation Products, Waste and Containment Products, and Vinyl Piping Products for a standard restock charge of 25%. Pipe is not returnable. Products denoted with a caret (^) symbol in front of the part number in the current Master Distributor Price List have a 40% restock and products denoted with an asterisk (*) symbol are non-cancelable/non-returnable. Only products purchased within the past twelve (12) months, in original "like new" packaging (full carton quantities), of current design, and listed in the current Master Distributor Price List shall be considered for returns. All products qualifying for return are subject to review for marketability (quantities in question in relationship to historical stock movement) before issuance of a Return Material Authorization (RMA) number. Returns due to Seller's product warranty or order entry/shipping error will not be charged a restock fee.

Product for credit consideration should be returned to Seller's originating location. All returns are subject to inspection upon receipt. No credit will be issued until the returned material has been inspected, accepted, and processed. Customers will be contacted if quantity differences and/or non-acceptable material are found during inspection. Any credit issued will reflect only quantities actually received and accepted by Seller.

Disposition (return to Customer or scrap) of returned product not accepted back by Seller must be provided by Customer within 10 business days, otherwise it will be subject to disposal. All material returns must be accompanied by a valid Return Material Authorization (RMA) number. RMA numbers may be obtained from the Customer Service Department of the Seller's originating location. When requesting a RMA, the original purchase order number and date of purchase must be provided.

All material returns must be received within thirty (30) days of the RMA issuance.

All material returns must be shipped freight prepaid. No collect shipments will be accepted by Seller. Restock charges and prepaid freight do not apply to warranty defective merchandise or returns due to Seller order entry or shipping errors.

Return of Goods for Warranty Evaluation

When requesting a RMA for material evaluation, Customer must first complete and submit a Material Safety Disclosure sheet and Request For Evaluation form obtained from Customer Service of Seller's originating location (Tustin or Little Rock). Material arriving to Seller without a valid RMA number will be returned to the customer/distributor, freight collect. RMA numbers must be clearly referenced on all shipping documents and shipping containers.