LIQUIDATION SALE -on behalf of Punch Powerglide TENDER DOCUMENT SUBMISSION OF OFFERS

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Please submit your best offers by Email or Fax before 26th Feb 2013 Offers by Email: andreas@maynards.com or Fax: + 49 (0) 8151 973419 DEADLINE 26th February 2013 MACHINING CENTERS Pos Lot InvNo Machine Make Model YoM, 1 1 61509 Hor Machining Center GROB BZ 400 2002 8 +15%BP 2 2 61511 Hor Machining Center GROB BZ 400 2002 8 +15%BP 3 3 61513 Hor Machining Center GROB BZ 400 2002 8 +15%BP 4 4 61514 Hor Machining Center GROB BZ 400 2002 8 +15%BP 5 5 61515 Hor Machining Center GROB BZ 400 2002 8 +15%BP 6 6 61512 Hor Machining Center GROB BZ 400 2002 8 +15%BP 7 7 61516 Hor Machining Center GROB BZ 400 2002 8 +15%BP 8 8 61517 Hor Machining Center GROB BZ 400 2002 8 +15%BP 9 9 61518 Hor Machining Center GROB BZ 400 2002 8 +15%BP 10 10 61510 Hor Machining Center GROB BZ 400 2002 8 +15%BP 11 11 61522 Hor Machining Center GROB BZ 400 1997 8 +15%BP 12 12 61189 Hor Machining Center GROB BZ 400 1997 8 +15%BP 13 13 61190 Hor Machining Center GROB BZ 400 1997 8 +15%BP 14 14 61191 Hor Machining Center GROB BZ 400 1997 8 +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 1 of 8

Pos Lot InvNo Machine Make Model YoM, 15 15 61192 Hor Machining Center GROB BZ 400 1997 8 +15%BP 16 16 61183 Hor Machining Center GROB BZ 400 1997 8 +15%BP 17 17 61184 Hor Machining Center GROB BZ 400 1997 8 +15%BP 18 18 61185 Hor Machining Center GROB BZ 400 1997 8 +15%BP 19 19 61187 Vert Machining Center GROB BZ 400 1997 8 +15%BP 20 20 61070 Vert Machining Center CHIRON FZ 1 S Magnum 1996 4 +15%BP 21 21 61074 Vert Machining Center CHIRON FZ 12 S 1995 4 +15%BP 22 22 61037 Vert Machining Center CINETIC 23 64 61656 Vert Machining Center BROTHER Vertical Machining Center Vertical Machining Center 1995 4 +15%BP 1995 3 +15%BP 24 65 61592 Vert Machining Center ENSHU E130 1996 4 +15%BP 25 66 61639 Vert Machining Center ENSHU E130 1996 4 +15%BP 26 69 61075 Vert Machining Center CINETIC CU ENSHU S400 rec 2006 4 +15%BP 27 97 61556 Vert Machining Center Enshu 1997 4 +15%BP Global Offer for alll 27 Machining Centers +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 2 of 8

GEAR MACHINERY Pos Lot InvNo Machine Make Model YoM, 28 74 61133 CNC Gear Hobber Liebherr LC 82 1997 6 +15%BP 29 53 61466 CNC Gear Hobber Liebherr/Welter L 301/CNC ret 2004 8 +15%BP 30 57 28669 CNC Gear Hobber Liebherr/Welter L 301 CNC ret 2004 8 +15%BP 31 deleted 32 94 28670 CNC Gear Hobber Liebherr/ Welter L 301 CNC ret 2004 8 +15%BP 33 29 61131 CNC Cold Rolling GROB 12-NC-A (752) 1998 8 +15%BP 34 30 61129 CNC Cold Rolling GROB 12-NC-A (750) 1997 8 +15%BP 35 73 61489 Gear Shaver SICMAT RSU 310 1995 3 +15%BP 36 77 60346 Gear Shaver SICMAT SP 32 1986 3 +15%BP 37 82 27650 Gear Shaver SICMAT RED RING rev 2004 3 +15%BP 38 83 61013 Gear Shaver SICMAT SP 32 1995 3 +15%BP 39 84 27757 Shaving Cutter Sharp. Hurth SRS 400 1970 3 +15%BP 40 85 27756 Shaving Cutter Sharp. Hurth SRS 400 1970 3 +15%BP 41 86 28660 Shaving Cutter Sharp. Hurth SRS 400 1970 3 +15%BP 42 67 61595 Gear Tester SIEMENS Gear Testing Unit 2002 1 +15%BP 43 70 60682 Gear Chamferer SAMPUTENSILI R232-85a 1989 3 +15%BP Global Offer for all 16 Gear Machines: +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 3 of 8

Die-Casting, Turning, Grinding, Broaching, etc. Pos Lot InvNo Machine Make Model YoM, 44 56 61154 Broaching Mach Varinelli BVEM Pull-Up 25-2000-400 1997 8 +15%BP 45 75 60922 Broaching Mach EKIN RIS 16x1250 1992 6 +15%BP 46 23 61558 CNC Lathe Weisser Univertor II M-1 2000 5 +15%BP 47 27 61559 CNC Lathe WEISSER Univertor II M-1 2000 5 +15%BP 48 49 61015 CNC Lathe WEISSER VERTOR 23-1LCNC 1995 5 +15%BP 49 58 60831 CNC Lathe Georg Fischer CNC SIEMENS 1990 6 +15%BP 50 59 60691 CNC Lathe MONFORTS CNC SIEMENS 1990 6 +15%BP 51 60 60486 CNC Lathe Monforts CNC SIEMENS 1990 6 +15%BP 52 61 60729 CNC Lathe Monforts CNC SIEMENS 1990 6 +15%BP 53 63 61001 CNC Lathe BRINKMANN CNC Lathe 1990 4 +15%BP 54 62 63015 Demagnetizer Walker Brallion demagnatizer (2 Sets) 2007 1 +15%BP 55 102 60755 Die-Casting Mach ITALPRESS IP-1250/SC 1990 50 +15%BP 56 37 61344 Drill TBT drilling station (2 units+e-cab) 1990 4 +15%BP 57 46 28024 Drill Schlumberger RF4 1967 1 +15%BP 58 47 60279 Drill SERM CP 20 1983 1 +15%BP 59 48 28249 Drill Alzmetall AB 3 ES 1970 1 +15%BP 60 93 60887 Drill Syderic Bench Drill + Stand 1980 1 +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 4 of 8

Pos Lot InvNo Machine Make Model YoM, 61 38 61031 Grinder TACCHELLA 2RA/16-042 1995 5 +15%BP 62 41 27798 Grinder LINDNER thread + worm grinder 1970 4 +15%BP 63 43 29734 Grinder Schaudt angle approach 1980 5 +15%BP 64 44 27705 Grinder Schaudt angle approach 1980 5 +15%BP 65 45 28682 Grinder SCHAUDT cylindrical 1970 5 +15%BP 66 50 41181 Grinder TRUMEL 67 81 61025 Grinder NOVA 68 92 27865 Grinder MAPE 69 100 27837 Grinder CLICHY 70 40 28527 Honing Machine SUNNEN 71 72 27746 Honing Machine Micromatic Double End Grinder internal + face grinder Double End Grinder cylindrical. 300 x 3.000 mm hor. Manual Honing m. high-pressure internal honing 1980 1 +15%BP 1995 6 +15%BP 1980 1 +15%BP 975 6 +15%BP 1975 1 +15%BP 1985 3 +15%BP 72 76 61226 Honing Machine GEHRING S-NC 2-250-45 1997 4 +15%BP 73 79 61225 Honing Machine GEHRING S-NC 250-45 1997 4 +15%BP 74 80 61219 Honing Machine THIELENHAUS superfinishing machine 1995 3 +15%BP 75 31 61503 Induction Hard. EFD RTM 2001 2 +15%BP 76 32 61502 Induction Hard. EFD RTM 2001 2 +15%BP 77 33 61215 Induction Hard. EFD 78 34 61216 Induction Hard. EFD RTM 100-2 Canaux RTM 100-2 Canaux 2000 2 +15%BP 2000 2 +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 5 of 8

Pos Lot InvNo Machine Make Model YoM, 79 35 61591 Induction Hard. EFD RTM 2000 2 +15%BP 80 52 61228 Induction Hard. EFD vertical 2000 2 +15%BP 81 54 61227 Induction Hard. CFEI Induction vertical 2000 2 +15%BP 82 51 61208 Laser Welding TRUMPF TLF 5000 turbo Laser 1998 5 +15%BP 83 101 61102 Measuring Werth Inspector 600 3D 1995 1 +15%BP 84 103 28038 Measuring Hommel Plate 1980 1 +15%BP 85 98 61339 Press LBM ELA 40 1995 2 +15%BP 86 91 60597 Tool Grinder HARO Polytronic 400 1987 2 +15%BP 87 87 60259 Tool Setter Rollet Vendome 7202/204 1982 1 +15%BP 88 88 62078 Tool Setter HAIMER TD 2002 2005 1 +15%BP 89 89 61684 Tool Setter EPB INDUFLEX 5 1995 1 +15%BP 90 25 61371 Washing Machine HAFROY SW 50 1997 1 +15%BP 91 36 61455 Washing Machine HAFROY NG14918A 1998 1 +15%BP 92 39 61373 Washing Machine HAFROY SW 51 1997 1 +15%BP 93 42 61370 Washing Machine HAFROY SW 44 1997 1 +15%BP 94 55 61396 Washing Machine HAFROY SW 69 1997 1 +15%BP 95 68 61018 Washing Machine HAFROY Washer 1997 1 +15%BP 96 71 61374 Washing Machine HAFROY SW 52 1997 1 +15%BP Contact: andreas@maynards.com or +49 2086255488 Page 6 of 8

Pos Lot InvNo Machine Make Model YoM, 97 78 61372 Washing Machine HAFROY SW 58 1995 1 +15%BP 98 95 60997 Washing Machine Baufor-Juret TB/WB 1995 1 +15%BP 99 96 61610 Washing Machine HAFROY SW 81 2001 1 +15%BP 100 24 61090 Welding Unit SCHLEMMER VVS 40 / 4 SK 2000 6 +15%BP 101 26 61202 Welding Unit SCHLEMMER VVS 40 / 4 SK 2000 6 +15%BP 102 28 61203 Welding Unit SCHLEMMER VVS 40/4 SK 1997 6 +15%BP 103 99 61549 Welding Unit SCHLEMMER VVS 40 / 4 SK 2000 6 +15%BP 104 90 60318 CNC Gear Hobber WELTER n.a. n.a. n.a. +15%BP Total Weight in tons, : 485 +15%BP Global Offer for all 60 Miscellanous Machines: +15%BP IMPORTANT NOTICE Offer subject to prior sale and final approval by Punch Powerglide Ltd. Items are sold ex works as where is, without any liability or warranty. All information is subject to change or error. All Images are for the conveniences of the buyer only. Maynards and Punch PowerglideTerms and Conditions apply. A Buyers Premium of 15% will be charged on all purchase prices Offers are only valid if submitted by Email, Fax or Postal before 21st February 2013 I hereby submit a binding offer and confirm that I have read and agree to the T&Cs of this Tender as stated in the Tender Document. The offer is valid at least until 12th March 2013. Company Name Function First Name /Last Name Place and Date Signature Contact: andreas@maynards.com or +49 2086255488 Page 7 of 8

Terms and Conditions The following, as amended by any posted notices and/or oral announcements during the auction sale, constitutes the entire terms and conditions on which property listed in the auction sale catalogue shall be offered for sale or sold by Maynards, and any consignor of such property for whom Maynards acts as agent. Maynards strongly recommends to all bidders to thoroughly inspect all items before the auction on which bidder intends to bid. Under these Terms and Conditions, the term "Bidder" and "Purchaser" shall be used interchangeable and be one of the same. 1) Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances may be present, heavy equipment may be in operation, and electric circuits may be live. Every person at the auction site before, during and after the auction sale, shall be deemed to be there at his/her own risk with notice of the condition of the premises, the activities on the premises, and conduct of third parties; and the bidder shall so advise his/her agents and employees. No person shall have any claim against Maynards, its consignors, agents, employees, directors or principals for any injuries sustained or for damages to or loss of personal property, which may occur from any cause whatsoever. 2) As used herein, the term "Bid Price" means the price at which a lot is knocked down to the Purchaser, and the term "Purchase Price" means the aggregate of (a) the Bid Price, (b) the Buyer's Premium and other surcharges, if any, and (c) unless Purchaser is exempt by law from the payment thereof, any Federal, Provincial, State or local sales taxes (or compensating use tax of another State), and any other applicable taxes. Unless exemption from such taxes is established to the satisfaction of Maynards, any Purchaser claiming an exemption will be required to pay the tax to Maynards and seek a refund directly from the taxing authorities. 3) A sale to the highest Bidder shall be complete upon the auctioneer's call, with the highest Bidder purchasing the offered lot, in accordance with all the conditions set forth herein, including Purchaser (a) assuming full risk of loss and responsibility thereof, see Point 8 below, (b) immediately making a deposit of not less than twenty-five percent (25%) of the Purchase Price, and (c) paying to Maynards the balance of the Purchase Price in full within forty-eight (48) hours after the auction sale for all lots purchased. No lot may be removed until the Purchase Price is paid in full for all lots purchased. To prevent misdelivery and inconvenience in settlement of a purchase, no lot may be transferred prior to removal by the Purchaser. 4) If the conditions herein or any other applicable condition(s) are not complied with, in addition to other remedies available by law to Maynards and/or its consignors, including but without limitation, the right to hold the Purchaser liable for the Purchase Price, Maynards may, at its option, either (a) cancel the sale in part or in full, retaining as liquidated damages all payments made by Purchaser or (b) resell the property, either publicly or privately, after three (3) days notice to the Purchaser and for the account and risk of the Purchaser, and in such event the Purchaser shall be liable to Maynards for any deficiency if the resale is less than the Purchase Price, plus all costs, including warehousing, the prorate share of expenses of both sales including reasonable attorneys fees, Maynards' commission, plus all other charges due hereunder and incidental damages suffered by Maynards or its consignor. 5) Only cash, wire transfer, bank draft or certified check will be accepted as payment of the Purchase Price. Personal or company checks may be accepted by Maynards, at its sole option, on the condition that they must be accompanied by a letter from the Purchaser's bank unconditionally guaranteeing payment of the Purchase Price in full of items purchased. 6) Maynards reserves the right to withdraw any property at any time before actual sale. Unless otherwise announced by the auctioneer at the time of sale, all bids are per lot as numbered in the catalogue. Lots may be combined or divided at the auctioneer's choice. 7) Maynards reserves the right to reject a bid from any Bidder. The highest Bidder as acknowledged by the auctioneer shall be the Purchaser. In the event of any dispute between bidders, or in the event of doubt on the part of Maynards as to the validity of any bid, the auctioneer shall have the sole discretion either to determine the successful bidder or to re-offer and resell the lot in dispute. If any dispute arises after the sale, Maynards' sales record shall be conclusive in all respects. 8) Purchase of any lot is at the Purchaser's risk with risk of loss immediately passing to Purchaser upon the auctioneer's call. Neither Maynards, nor its consignors, have any liability of any nature whatsoever to Purchaser if the lot is not delivered to Purchaser due to fire, theft, damage, or any other cause. 9) All lots purchased shall be removed in their entirety from the site at Purchaser's sole cost and responsibility and by the date as specified in the auction catalogue or as posted or announced at the sale. No items may be removed before termination of the sale. Removal shall be at the sole risk and liability of the Purchaser or Purchaser's agent, and only after Purchaser has provided Maynards satisfactory proof of insurance by Certificate of Insurance or otherwise. Purchaser shall fully indemnify Maynards and its consignors for any loss arising from damage to any person or property caused to any extent by Purchaser's removal of the lots purchased. 10) Purchaser is solely responsible to secure all safety equipment as may be necessary and prudent to meet all government safety standards in using, operating or removing lots purchased. 11) If Maynards or its consignor is unable to deliver any lot or any necessary documentation required in respect of any lot, their sole and exclusive liability shall be the return of any monies paid on such lot. 12) Absolutely no warranty or representation, written or oral, is given with any lot. All statements contained in Maynards' catalogue, website, marketing material or by the auctioneers, or in any bill of sale, invoice or elsewhere as to description, size, quantity, quality, capacity, model, serial number, measurements or condition, are approximated statements and shall not be deemed to be representations or warranties, oral or written, with respect to any lot. No sale is invalid or made void by reason of any flaw in a lot or by reason of a lot being incorrectly described, and Maynards will not be liable and no compensation will be paid for any such fault or error of description. 13) All property is sold "AS IS, WHERE IS". Neither Maynards nor the consignor makes any representation or warranty, oral or written expressed or implied, as to the merchantability, fitness for a particular purpose, condition of the property, correctness of the description, condition, capacity, age or any other details used to describe the property. Absolutely NO RETURN of sold goods, NO REFUNDS, and NO EXCHANGES will be permitted. Starnberg, 26. July 2010 Contact: andreas@maynards.com or +49 2086255488 Page 8 of 8