Hannibal Carbide Tool, Inc. does not give any warranty on its products, except as follows: Hannibal Carbide Tool, Inc. warrants to original equipment manufacturers, distributors and industrial and commercial users of its products that each new product manufactured or supplied by Hannibal Carbide Tool, Inc. shall be free from defects in material and workmanship. Hannibal Carbide Tool, Inc.'s sole obligation under this warranty is limited to furnishing, without additional charge, a replacement for, or at its option, repairing or issuing credit for any such product which shall within one year from the date of sale by Hannibal Carbide Tool, Inc. be returned freight prepaid to Hannibal Carbide Tool, Inc. and which upon inspection is determined by Hannibal Carbide Tool, Inc. to be defective in materials or workmanship. The provisions of this warranty shall not apply to any product which has been subjected to misuse, improper operating conditions, machine set-up or application of cutting fluid or which has been repaired or altered if such repair or alteration in the judgment of Hannibal Carbide Tool, Inc. would adversely affect performance of the product. Complete written information with respect to all such matters, including operation condition, machine set-up, cutting fluid, cutting speed and feed rate, must be furnished to Hannibal Carbide Tool, Inc. as a prerequisite to its consideration of any claim or complaint under this warranty.
THIS WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Hannibal Carbide Tool, Inc. shall have no liability or responsibility on any claim of any kind, whether in contract, tort or otherwise, for any loss or damage arising out of, connected with, or resulting from the manufacture, sale, delivery or use of any product sold hereunder, in excess of the cost of replacement or repair provided herein.