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TED TO THE TERM OF THIS WRITTEN WARRANTY. This Agreement

shall be the sole and exclusive remedy available to the Purchaser with

respect to this purchase. In the event of any alleged breach of any war-

ranty or any legal action brought by the purchaser based on alleged negli-

gence or other tortuous conduct by Formula , the Purchaser's sole and

exclusive remedy will be repair or replacement of defective materials as

stated above. No dealer and no other agent or employee of Formula is

authorized to modify, extend or enlarge this warranty. The performance of

any warranty service under this Agreement is not an admission or agree-

ment that the design or manufacture of a product is defective.

7. PROCEDURE. In the event of a defect covered by this warranty, the pur-

chaser should contact an authorized Formula Service Center or :

To be honored, claims must be submitted within the twelve (12) month

warranty period and within thirty (30) days of discovery of the defect or

nonconformity. The determination whether the defect is covered by this

warranty is within the sole discretion of Formula. Formula reserves the

right to discontinue products and to change specifications for existing pro-

ducts at any time without notice and shall not be obligated to incorporate

new features into products previously sold, even if those products are

returned under a warranty claim. Formula may replace defective parts

with similar parts of similar quality in the event that identical parts are una-

vailable

The purchaser must obtain advance authorization in writing before retur-

ning any product to a Formula Service Center for warranty inspection. A

return authorization number will be issued and must conspicuously

appear on the outside of the product's packaging. The issuance of an

authorization number does not constitute acceptance of the claim, which

will be evaluated by the Service Center upon its inspection of the product.

The product should be securely packed to prevent damage during ship-

ment and must be accompanied by a letter specifying or including the fol-

lowing items of information:

a. dated receipt or other proof of date of retail purchase;

b. a copy of this warranty;

c. Formula part number;

d. detailed description of the problem experienced with the product,

including a chronology of efforts made to correct the problem;

e. identification of the components used in conjunction with the product;

f. estimate of product usage: (i.e. accumulated time in service); and

g. your name, address, and written authorization to ship the repaired pro-

duct back to you freight collect ("C.O.D.").

8. OTHER RIGHTS. This warranty gives you specific legal rights, and you

may also have other rights which vary from state to state.

9. APPLICABLE LAW. Any disputes arising out of this Agreement or the

use of this product will be governed by the laws of the country of Italy and

will be decided by the Courts of Prato Italy.

10.WARNING. This warranty is subject to the Italian laws.