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The ADMINISTRATOR must be notified of any proposed alterations or additions to the EQUIPMENT and <br />of any proposed departure from ordinary working conditions and if any such modifications be made/or the <br />maximum current or pressure at which the EQUIPMENT is designed to operate, or any lower maximum <br />stipulated by the ADMINISTRATOR in writing be exceeded without the written consent of the <br />ADMINISTRATOR, then in the event of BREAKDOWN, no coverage shall exist. If the ADMINISTRATOR <br />cannot approve the proposed modification, the coverage may be terminated. <br />E. CONTRACT PERIOD/TERRITORY <br />The contract period is outlined in the CERTIFICATE OF COVERAGE. <br />EQUIPMENT is not considered new if it has less than 60 days of base warranty remaining or if the base <br />warranty has expired based upon its current meter reading in relation to the base warranty hourly limitation. <br />If the EQUIPMENT is new, the time and hour limits of the term selected start the day the EQUIPMENT <br />Manufacturer's Warranty starts and at zero (0) hours. Coverage expires when the length of time or <br />accumulated hours (whichever occurs first) of the extended warranty term selected is reached. <br />If the EQUIPMENT is used, the time and hour limits of the term selected start on the date <br />issued/EQUIPMENT delivery date and from the hours on the service meter on that date. Coverage expires <br />when the length of time of the term is reached or total hours on the EQUIPMENT is equal to the sum of the <br />selected term hours plus stated hours on the EQUIPMENT at delivery date, whichever comes first. <br />This CONTRACT applies only to a MECHANICAL BREAKDOWN or FAILURE occurring within the United <br />States and Canada. <br />F. LIMITS OF LIABILITY <br />Limit shall be limited to the reasonable price for repair or replacement of any covered part; not to exceed <br />the equipment manufacturers suggested retail price. The "Reasonable Price" for repair or replacement is <br />based upon nationally recognized flat rate and/or factory manuals. <br />Labor reimbursement will be based on the DEALER'S suggested list price for shop labor. The contract will <br />only allow for a $3.00 dollar differentiation between different labor classifications as they are related to the <br />DEALER'S suggested list price for shop labor. <br />The necessary replacement and/or repairs must be made with parts of like kind and quality, when available. <br />If any parts are found to be unprocurable, the maximum liability shall be limited to the retail price for the <br />costs associated with the necessary repairs to return the unit to an efficient operating condition as if the <br />repair parts were available to the repairing service facility. <br />In no event shall the limit of liability for each occurrence of MECHANICAL BREAKDOWN or FAILURE <br />under this CONTRACT exceed the lesser of US $75,000 or fifty percent (50%) of the unit retail price used <br />by GGC to compute the premium. The aggregate of all benefits payable to YOU under this CONTRACT <br />shall not exceed 50% of the unit retail price used by GGC to compute the premium. <br />The intent of this extended warranty is not to restore the product to a like -new condition, but rather to restore <br />the product to its operating condition just prior to the extended warranty covered failure. <br />All repairs must be performed by a manufacturer authorized repair facility. The repair facility that performs <br />the repairs must warrant its work to be free of defects in material or poor workmanship for a period no less <br />than six (6) months or one thousand (1000) hours, starting from the date that the machine is put back into <br />service, <br />GGC reserves the right to consider component coverage based on a component's function when it is <br />determined by GGC that a terminology deficiency exists in the contract wording. <br />Page 4 of 6 <br />