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Limited Warranty

(a) Price warrants and guarantees for a period limited to twelve (12) months from

date of installation / commissioning or eighteen (18) from date of shipment -
whichever comes first, that the Products are manufactured in accordance with
Price’s quotation and submittal drawing specifications and of specified material
unless otherwise expressly stated.

(b) Price will manufacture the goods to be supplied in accordance with the product

specifications supplied by Purchaser. Price shall not be liable for any loss or
damages of any kind resulting from errors, omissions or untimely notification
of changes to the specifications that have been provided. In the event that
changes to the product specifications arise, Price must be notified immediately
and in writing. The Purchaser will assume liability for the cost of all material and
resources, work-in-progress and finished goods that have become obsolete
or that can no longer be used due to any such changes in the specifications
supplied.

drawing specifications and/or material quality standards within the warranty
period, Price will either repair the Products supplied or provide replacement of
such Products that conform to the quotation and submittal drawing specifications.
This decision is made at the sole discretion of Price. In either case, Price will
not be responsible for labor and freight charges incurred in replacing Products
except as agreed to by Price in writing, nor will Price be responsible for incidental,
consequential or punitive damages. In the event Price elects to repair the
Products supplied, Purchaser will assist by providing Price with all details of the
problem and a written quotation for the costs of such work to be carried out. If
the repair is authorized by Price, then Purchaser will assist by coordinating and
supervising the repair work. In the event Price elects to replace the Products,
Price may either (i) direct the Purchaser to return such Products to Price or (ii)
provide replacement Products to the Purchaser without the return of the original
Products, in which case Purchaser will be responsible for the disposal of such
original Products. Such election is at the sole discretion of Price, and all returns
of Products to Price must be approved in advance by Price. In the event Price
directs Purchaser to return the Products to Price for repair or replacement,
Purchaser agrees to return such Products to Price in a manner consistent with
the original packaging in order to prevent damage. All freight back to Price’s
factory and return freight to Purchaser must be agreed upon prior to return of the
Products.

supplied which may be warranted separately by their manufacturer. Price does
not warrant factory mounted controls and components of Products supplied and
owned by a third party for mounting by Price. Back charges to Price for Products
under warranty by others will only be accepted if prior written approval is given by
Price.

(d) THE WARRANTIES AND LIABILITIES SET FORTH IN THE PRIOR PARAGRAPHS

ARE THE ONLY WARRANTIES OR LIABILITIES OF PRICE. ALL OTHER
GUARANTEES, WARRANTEES, CONDITIONS AND REPRESENTATIONS,
EITHER EXPRESS OR IMPLIED, WHETHER ARISING UNDER ANY STATUTE,
LAW, COMMERCIAL USAGE OR OTHERWISE, INCLUDING IMPLIED
WARRANTIES FOR FITNESS OF MERCHANTIBILITY AND FITNESS FOR A
PARTICULAR PURPOSE, ARE HEREBY EXCLUDED.

(e) The foregoing warranty shall not take effect unless Purchaser shall inform Price

in writing of any flaw, defect or deficiency in the Products promptly after such
flaw, defect or deficiency becomes apparent and, in any case, not later than
one (1) year from date of shipment. The warranty provided for under these
Terms shall be void upon the following: (i) the unauthorized repair or modification
by any person other than Price of Products claimed to be defective; or (ii) the
improper installation, maintenance or operation of the Products other than in strict
accordance with standard industry practices and compliance with the specific
recommendations of Price respecting the Products; or (iii) the misuse, negligence,
or operation of the Products other than for their intended purpose.

AW-I Standard Warranty

Heat Exchanger Warranty

Drum and tube heat exchangers on Price AW-I units are warrantied for a period
of five years from date of shipment. If, during this period, a heat exchanger fails
because of a defect in manufacture or material, Price Industries will repair or replace
the part at its discretion. Price will not be responsible for labor and freight charges
incurred in replacing parts.

The Price warranty is void if;

1. The unit is not installed and serviced in accordance with

manufacturer’s recommendations.

2. Operation, maintenance, start-up and shut down are not in

accordance with manufacturer’s instructions.

3.  Unit is operated in conditions not specified by the manufacturer.
4.  The unit is operated while the building is under construction.
5.  Unit is used for application which it was not intended.

AW-I Extended Warranty (Optional)

Extended Heat Exchanger Warranty

Drum and tube heat exchangers on Price AW-I units are warrantied for a period of ten
years from date of shipment. If, during this period, a heat exchanger fails because
of a defect in manufacture or material, Price Industries will contribute to the cost of
replacing the part in accordance with the following table;

Price will not be responsible for labor and freight charges incurred in replacing parts.

The Price warranty is void if;

1. The unit is not installed and serviced in accordance with

manufacturer’s recommendations.

2. Operation, maintenance, start-up and shut down are not in

accordance with manufacturer’s instructions.

3.  Unit is operated in conditions not specified by the manufacturer.
4.  The unit is operated while the building is under construction.
5.  Unit is used for application which it was not intended.

Years from manufacture

Price’s financial

responsibility

Purchaser’s financial

responsibility

0 – 5th year

100%

6th year

100%

7th year

80%

20%