1. ACCEPTANCE OF THE CONDITIONS - All orders accepted by FIR ITALIA are

subject to the general sale conditions herein set forth, which are understood accepted

by the Purchaser when passing the order and/or upon receipt of FIR ITALIA invoices.

Other conditions as well as any verbal agreement are considered valid only if specifically

confirmed by FIR ITALIA in writing.

2. PRICES - FIR ITALIA prices are Euro for sales on the Italian Market, while for sales

outside Italy prices are quoted in Euro or USDollars or, at FIR ITALIA choice, in the

currency of the Purchaser’s Country. The prices stated on the purchase order and/or

on FIR ITALIA order aknowledgements may be changed by FIR ITALIA at any time and

proportionally, whenever increases of cost of raw materials and/or cost of labour take

place before delivery time.

V.A.T. is included for the italian market and excluded the foreign market.

For orders less than Euro 2.600, net amount, (or equivalent net amount in currency)

FIR ITALIA will calculate an increase of 10% (tenpercent).

For orders less than Euro 5.200, net amount, (or equivalent net amount in currency)

FIR ITALIA will calculate an increase of 5% (fivepercent).

3. IRREVOCABILITY OF THE ORDER - AGENT - The purchase order of the Customer

is irrevocable.

Any order taken by any of FIR ITALIA Agents or any territory is meant “subject to FIR

final approval and acceptance”.

4. SHIPMENT AND FREIGHT EXPENSES - All orders are delivered ex FIR ITALIA

factory. The shipment will be carried out according to Purchaser’s instructions or, failing

instructions, in the way FIR ITALIA will consider more appropriate. Only on Purchaser’s

written request insurance will be taken out by FIR ITALIA and all charges will be paid by

the Customer. Possible derogations require a written agreement.

5. LOSSES AND TRANSPORT DAMAGES - The goods, even sold free destination,

travel at Buyer’s risk. Any damage or loss during the transport must be promptly notified

to the carrier or shipping agent upon receipt of the goods.

6. CLAIMS - The control of quantities and the correspondence to the purchased items

must be done upon receipt of the goods; eventual claims must be notified by registered

letter within 8 (eight) days from receipt date, otherwise any right will be forfeited.

7. DELIVERY OBLIGATION - FIR ITALIA supply responsibility is understood completed

and terminates upon delivery of the goods to the carrier or shipping company. It is FIR

ITALIA rule to indicate delivery terms as true as possible. Of course these terms do

not constitute a binding obligation for FIR ITALIA, but FIR ITALIA will do its best to

keep them with exception of accidents or other events and causes beyond FIR ITALIA

control, including also manufacturing equipment breakdowns, partial or total shut-down

of FIR plants, strikes, fire, explosions, acts of sabotage, mobilization, wars, entering

into effect of export and import prohibitions or restrictions, a considerable increase

of import expenses, changes and modifications of currency value and so on. The

non-observance from FIR of delivery terms does not give the Purchaser the right for

cancelling the order and furthermore the Customer is not authorized to delay payments

(overdue or at maturity) and is not entitled to any rembursement or indemnity.

8. PAYMENT TERMS - Payments are considered valid and releasing from the obligation

only if made out to FIR ITALIA, at its Administration Office and against regular receipt.

Any other way of payment is always done at Customer’s risk and expenses.

Payments are releasing only if made in legal currency, net of any discount and reduction

and effected on maturity, as stated on FIR ITALIA invoices.

In special cases FIR ITALIA reserves to give consent to draft issuing. The remittance of

drafts, checks or equivalent does not release the obligation until the relevant amounts

are credited on FIR ITALIA Bank account.

Payments with releasing effect may be handed over to FIR ITALIA agents only if they

are holding a written proxy valid for the current year.

Any eventual cash discount will be recognized, provided all previous invoices have

been paid off by the Customer. Possible derogations require a written agreement.

9. DELAYS OF PAYMENT - For any delayed payment FIR ITALIA reserves the right to

charge interests, without need of any special previous notice and without prejudicing

FIR ITALIA rights to collect its credit.

If payment has not been effected, 10 (ten) days after the date of maturity, FIR ITALIA

has the option to issue drafts on the Customer to balance the unpaid amounts adding

the above mentioned interests. FIR ITALIA will charge the Customer for the cost of draft

issuing as well as relevant Bank expenses.

Furthermore FIR ITALIA reserves the right to stop deliveries or cancel orders already

accepted, when payments are not made within the fixed terms.

10. GUARANTEE - FIR ITALIA guarantees all its products (or part of them) at the terms

and conditions and within the limits set forth here below, as of the date of purchase,

for a period of:

- 5 years against casting defects;

- 5 years against defects in cartridges with ceramic discs and bolts;

- 2 years against defects in thermostatic cartridges;

- 5 years against chrome-plating defects;

- 5 years for all finish types other than chrome-plating.

We remind you that in case maintenance and neatness are not properly and regularly

carried out, FIR ITALIA guarantee concerning the finishings will be no longer valid.

MODALITIES

Any claims should be notified in written exclusively to FIR ITALIA and/or the FIR ITALIA

authorised distributor/dealer where the product was purchased, within the guarantee

period mentioned above and, in all cases, not later than 8 (eight) days from discovery

of the fault under pain of nullity.

All written claims should include the original invoice or fiscal receipt confirming the

purchase (among other things, it should bear the seller’s name and address, the date of

purchase, and the model and serial number of the purchased item). The type of defect

detected should also be clearly stated.

The FIR ITALIA Customer Service shall deal with the claim in the shortest possible

delay and will:

- check whether the above mentioned requirements were met;

- check the claim type;

- issue a written notice by FIR ITALIA possibly authorising return of the faulty product

(or part of it) carriage unpaid, together with the fiscal document. Items shall be returned

free of charge. In any case, the FIR ITALIA written notice will clearly explain how to

proceed.

Except that stated in the three points above, the guarantee for products not installed

shall cover only items returned to FIR ITALIA in their original packaging together with

the relevant fiscal documents.

REVOCATION OF GUARANTEE

The guarantee shall be void in the following cases:

- if the original invoice or fiscal receipt confirming the purchase (and bearing, among

other things, the seller’s name and address, the date of purchase, the model and serial

number of the purchased item) are missing;

- if the claims are notified after expiry of the guarantee period and, in any case, in

excess of 8 days from discovery; in case of visible and manifest faults (such as

defective finishing or defective chromed, coloured, gilded or anyhow treated surfaces,

and all that is immediately visible) the 8-day period prior to revocation of guarantee

shall start from the day when goods are received;

- wrong or inadequate installation of the product;

- wrong use and operation of the product;

- wrong care of the product, not consistent with the directions given in the chapter

detailing cleaning and care procedures. As far as defects to chromed surfaces and all

other finish types are concerned, we remind the essential requirement of wiping the

product every day exclusively using a soft cloth and water and of immediately drying

any drops or water build-ups;

- presence of chemicals, electro-chemicals and/or electronic products and in case of

deterioration or wear of the product in question following normal use;

- works, repairs or changes on the products carried out either by the End User or by

third parties not expressly authorised to do so, to the exception of ordinary care that is

to be carried out by the End User in accordance with the directions provided;

- transport of goods. Goods, even if delivered carriage free, are shipped at the

consumer’s risk; any losses or damages should be notified to the carrier in written on

the carriage note upon reception of goods.

LIMITS/EXCLUSIONS OF THE GUARANTEE

FIR ITALIA will provide the services guaranteed under reserve of having a quality check

carried out by its Quality Control Department at a later time.

All parts replaced, if any, shall be sole property of FIR ITALIA.

Should the user fail to duly fulfil its obligations, FIR ITALIA may refuse to provide the

services guaranteed.

The FIR ITALIA guarantee shall not be renewed.

This guarantee shall only cover repair and/or replacement of any faulty parts and parts

not subject to wear. In any case, this guarantee is limited to the price of the faulty part

as established by FIR ITALIA in its price lists. Product assembly or disassembly are

not included.

This guarantee shall not affect or impair the mandatory rights to which the End User is

entitled according to the law, or any other right arising from other contracts between the

End User and FIR ITALIA.

This conventional guarantee is not prejudicial to the rights established by the Italian

Legislative Decree no. 24 of 02/02/02 implementing Directive 1999/44/EC on certain

aspects of the sale of consumer goods and associated guarantees.

11. RETURN OF GOODS AND CANCELLING OF ORDERS - Under no circumstances

will FIR ITALIA accept the return of supplied goods or order deletions, even if not

yet shipped from the factory, without its express prior written permission; for every

return, even if authorized by FIR ITALIA, FIR ITALIA will charge the Customer 20%

(twentypercent) of the value for handling expenses (office and warehousing).

12. MODELS AND DRAWINGS - All models, drawings and plans are FIR ITALIA

Property. Their reproduction, use or transfer is prohibited without FIR ITALIA prior

written authorization.

The photos and drawings on FIR ITALIA catalogues and brochures and the technical

information on FIR ITALIA price lists are approximate and subject to modifications

at FIR ITALIA exclusive judgement; therefore FIR ITALIA undertakes no liability for

probable differences of any kind.

13. PROPERTY RIGHTS - All supplied goods are considered FIR ITALIA Property until

the whole amount due to FIR ITALIA, including any other relevant cost, is paid off.

On the assumption the Customer will eventually sell the purchased goods, he transfers

to FIR ITALIA, from now on, his rights towards his Customers coming from such sale and

that till all FIR ITALIA credits will be completely paid off. On FIR ITALIA request he will

have to notify his Customers such transfer of rights and give FIR ITALIA all necessary

information to allow FIR ITALIA to vindicate the assigned rights and leave all necessary

documents at FIR ITALIA disposition. If the value of the transferred rights is higher than

FIR ITALIA credits, then FIR ITALIA will be obliged, after collection, to give its Customer

whatever the difference will be, after keeping the amounts of its credits and its expenses.

14. PLACE OF JURISDICTION - For any dispute that might arise under these terms

and conditions the one and only qualified Authority will be the Court of MILANO (Italy).

All agreements and contracts, in which FIR ITALIA is a party, will always be regulated

by the Italian Law and are to be considered valid the general sale conditions printed on

the back of our invoices.

GENERAL SALE CONDITIONS

FIR ITALIA S.P.A. 647