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TERMS

I. PAYMENT TERMS
Unless otherwise agreed to in writing, upon approved credit, terms of payment shall be 1% - 5 days Net 30. Past due invoices are subject to a service charge of 1 1/2% per month (18% per annum, or the maximum legal rate) from invoice date until paid. Returned checks are subject to a $15.00 charge.

II. TRANSPORTATION ALLOWANCE
F.O.B. Madison Heights, Michigan with transportation allowed on orders of $500.00 or more at selling price. The total cost of premium transportation will be invoiced without allowance for normal transportation.

III. PRICING
Pricing shall be Marxman's list price set forth in our published catalog(s), less applicable discounts, in effect on the date of our acceptance of the order and subject to our terms. Marxman™ reserves the right to change prices and discounts without notice.

IV. HANDLING CHARGES
A $2.50 handling charge will apply to all orders under $100.00 at distributor cost.

V. RETURNED GOODS POLICY
Customer must obtain a Returned Goods Authorization ("RGA") Number prior to returning goods. Unless we have erred in filling your order, all returns must be prepaid. No merchandise will be accepted for return which specially made or which has been held for over 30 days. We reserve the right to determine if the customer has damaged the item in question. If it cannot be returned to stock, credit will not be given. All returns must be accompanied by original shipper or invoice. Orders returned due to customer error must be prepaid and are subject to a restocking charge. No merchandise will be accepted without an "RGA Number."

VI. MINIMUM BILLING PER ORDER
Minimum billing per regular order: None
Minimum billing on specials: Per quotation

VII. STANDARD PACKAGE QUANTITIES
Orders received will be shipped in standard package quantities as shown in this catalog. Orders for less than standard package quantities will be increased to a standard package or assessed a 5% discount reduction to the standard applicable discount.

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