Credit Application

Legal Business Name: ________________________________________________

Billing Address: ______________Shipping Address: ____________________
_______________________________ ____________________________
_______________________________ ____________________________
_______________________________ ____________________________

Phone #: ____________________ Fax #: ______________________

Company E-Mail: _____________________________________________________
EIN #: ________________________ Years in Business: ________

Monthly/Annual Expected Purchases: ________________________

Maximum Credit Requested: ____________ Type of Business: ____________

Business Structure:A
Sole Proprietor Corporation Partnership Subsidiary

Parent Company: __________________________ Tax Exempt: Yes (send

appropriate form)
Address: __________________________ No
Phone #: __________________________

Owners
Name: ______________________________________________________________________
Phone: ____________________ Address: ____________________________________
City, State, and Zip: ______________________________________________________

Officers Information
Name: ______________________________________ Title: _________________________
Phone: _______________________ Address: ________________________________
City, State, and Zip: _______________________________________________________

Name: _______________________________________ Title: ________________________

Phone: _______________________ Address: ________________________________
City, State, and Zip: _______________________________________________________

Trade References
Business Name: ____________________________ Phone: __________________________
Address: ____________________________________ Fax: __________________________
________________________________ Contact: __________________________

Business Name: ____________________________ Phone: __________________________

Address: ____________________________________ Fax: __________________________

Credit Application, Rev. 1/20/2012, 1/3/2013

 ________________________________ Contact: __________________________

Business Name: ____________________________ Phone: __________________________

Address: ____________________________________ Fax: __________________________
_______________________________________ Contact: __________________________

Bank Reference
Name of Branch:________________________________ Checking
Phone: ________________________________________ Savings
Contact Name: _________________________________ Other

Accounting Department
A/P Contact: __________________________________________________________
Phone #:_____________________________ Fax:_____________________________
Contact E-Mail: _______________________________________________________

E-mail invoices ___________________ Fax invoices ______________

Signature: ________________________________________________

Title: ___________________________________ Date: __________

PLEASE FAX TO: (586) 350-2861

FLUIDYNE FLUID POWER, INC.

TERMS AND CONDITIONS OF SALE

FluiDyne Fluid Power, Inc. products and services described herein (the "Products") are offered
for sale at prices established by FluiDyne Fluid Power, Inc. Corporation ("Seller"). This offer and
its acceptance by any customer ("Buyer") shall be governed by all of the following Terms and
Conditions. Buyer's orders for the Products, when communicated to Seller verbally or in writing
shall constitute acceptance of this offer.

1. Terms and Conditions of Sale: All descriptions, quotations, proposals, offers,

acknowledgments, acceptances and sales of the Products are subject to and shall be governed
exclusively by the terms and conditions stated herein. No additional, different or inconsistent
terms or conditions shall become part of this Agreement unless expressly accepted in writing by
Seller.

2. Payment: Payment shall be made by Buyer to Seller as follows:

North American accounts: Net 30 days and International Customers: 45 days from the date of
the shipment of the Products purchased. Payment to be made in US dollars by wire transfer to
Credit Application, Rev. 1/20/2012, 1/3/2013
the WFC designated bank account. All bank or other fees and charges on the buyer’s side to be
paid by the buyer. Any claims for damages in transit, etc. must be made in writing within 14 days
of receipt of Products.

3. Delivery: Unless otherwise accepted in writing by Seller, delivery of the Products shall be
FOB, Seller's plant. There is a $100 net minimum value per order. Shipping dates are
approximate, and Seller shall have no liability for failure to ship on such approximate shipping
date.

4. Warranty: Seller warrants to Buyer that the Products: (a) conform to Seller's published
specifications, and (b) are free from defects in material or workmanship. The duration of this
warranty is eighteen (18) months from the date of shipment to Buyer. If Buyer discovers within
the Warranty Period a failure of the Products to conform to specifications, or a defect in material
or workmanship, Buyer must notify Seller in writing within the Warranty Period. Within a
reasonable time after such notification, Seller may correct any failure of the Products to conform
to specifications, or a defect in material or workmanship. Such repair shall include both parts
and labor, and will be at Seller's expense. All warranty service will be performed FOB Seller's
plant, or FOB point as applicable. Products are not to be returned to Seller without prior written
approval of Seller (see paragraph 6, Returns). All claims must be submitted within the Warranty
Period and must be accompanied by full particulars, including, but not limited to, applicable
system and operating conditions and relevant maintenance procedures. If Seller is unable to
repair the Products to conform to the Warranty after a reasonable number of attempts, Seller will
provide, at its option, one of the following: (a) a replacement Product, or (b) full refund of the
purchase price. THE FOREGOING ARE BUYER'S EXCLUSIVE REMEDIES FOR BREACH OF
THE SUBJECT WARRANTY. THE FOREGOING WARRANTIES ARE IN LIEU OF ALL
OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE.
Seller does not warrant (a) any Products, components or parts not manufactured by Seller, (b)
defects caused by failure to install the Product(s) properly, (c) damage caused by use of the
Products for purposes other than those for which it was designed, or at other than
recommended design conditions, (d) damage caused by failure to maintain in accordance with
Seller's instructions, (e) damage caused by unauthorized attachment or modifications, (f) filter
element life (time between filter changes), (g) damages during shipment, or (h) any other abuse
or misuse by the Buyer. IN NO EVENT SHALL SELLER BE LIABLE FOR ANY SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES BASED UPON BREACH OF WARRANTY,
BREACH OF CONTRACT, NEGLIGENCE, STRICT TORT, OR ANY OTHER LEGAL THEORY.
SUCH DAMAGES SO EXCLUDED INCLUDE, BUT ARE NOT LIMITED TO, LOSS OF
PROFITS, LOSS OF SAVINGS OR REVENUE, LOSS OF THE PRODUCT OR ANY
ASSOCIATED EQUIPMENT, COST OF CAPITAL, COST OF SUBSTITUTE EQUIPMENT,
FACILITIES OR SERVICES DOWN TIME, THE CLAIMS OF THIRD PARTIES INCLUDING
CUSTOMERS, AND INJURY TO PERSON OR PROPERTY. SOME STATES DO NOT ALLOW
LIMITS ON WARRANTIES OR ON REMEDIES FOR BREACH IN CERTAIN TRANSACTIONS.
IN SUCH STATES, LIMITS IN THIS AND OTHER PARAGRAPHS MAY NOT APPLY.

Credit Application, Rev. 1/20/2012, 1/3/2013

5. Cancellations or Revisions: Open orders can only be cancelled or revised 30 days or
more prior to the scheduled delivery date and may be subject to charges based on the costs
incurred by the Seller through the time of notification.

6. Returns: All returns must be pre-approved by the Seller and must be identified by a
Returned Goods number issued by the Seller. All returns must be sent “freight prepaid”.

7. Taxes: Unless otherwise indicated hereon, all prices and charges are exclusive of excise,
sales, use, property, occupational or like taxes which may be imposed by any taxing authority
upon the manufacture, sale or delivery of the Products. If any such taxes must be paid by
Seller, or if Seller is liable for the collection of such tax, the amount thereof shall be in addition to
the amounts for the Products sold. Buyer agrees to pay all such taxes or to reimburse Seller
therefore upon receipt of Seller's invoice.

8. Force Majeure: Seller does not assume the risk of and shall not be liable for delay or
failure to perform any of Seller's obligations by reason of circumstances beyond the reasonable
control of Seller (hereinafter "Events of Force Majeure:). Events of Force Majeure shall include
without limitation, accidents, acts of God, strikes or labor disputes, acts (including acts of war or
terrorism, etc.), laws, rules or regulations of any government or government agency, fires,
floods, delays or failures in delivery of carriers or suppliers, shortages of materials and any other
cause beyond Seller's control

9. Entire Agreement/ Governing Law: The terms and conditions set forth herein, together
with any amendments, modifications and any different terms or conditions expressly accepted
by Seller in writing, shall constitute the entire Agreement concerning the items sold, and there
are no oral or other representations or agreements which pertain thereto. This Agreement shall
be governed in all respects by the law of the state of Michigan, USA. No actions arising out of
the sale of the Products or this Agreement may be brought by Buyer more than eighteen months
after the cause of action accrues.

Credit Application, Rev. 1/20/2012, 1/3/2013