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Docusign Envelope ID: 41 F63DOF-3BC8-4149-8618-1 BBEEF49D6F7 subject Schindler Elevator Modernization Proposal - LSUN-D5PJUJ Page 23 of 31 Date 6/4/2024 Price and Payment Terms 1. Our price for the work proposed is as noted below including appropriate tax and will be added to the invoice/billings. This price is firm for 30 days, and thereafter subject to change without notice. Total Price including applicable taxes: $743,018.00 Controller & Power Unit $ 38,268.83 Car Items $ 4,521.44 Door Operator $ 16,640.89 Car Equipment $ 37,995.51 Landing Door Equipment $ 3,969.31 Hoistway Equipment $ 4,217.91 Hall & Car Fixtures $ 15,602.55 Pit Equipment $ 3,307.30 Sundries, Hardware, Tooling $ 4,348.38 Subcontracting Work $ 73,452.85 Shipping & Handling $ 8,963.23 Material Total $ 211,288.20 1 Total Labor 1 $ 109,641.80 1 Glass Doors, Tracks, Hangers 1 $ 49,038.00 1 Controller & Power Unit $ 38,268.83 Car Items $ 4,521.44 Door Operator $ 16,640.89 Car Equipment $ 37,995.51 Landing Door Equipment $ 3,969.31 Hoistway Equipment $ 4,217.91 Hall & Car Fixtures $ 15,602.55 Pit Equipment $ 3,307.30 Sundries, Hardware, Tooling $ 4,324.38 Subcontracting Work $ 73,452.85 Shipping & Handling $ 8,963.23 Material Total $ 211,264.20 I Total Labor 1 $ 112,747.80 1 Glass Doors, Tracks, Hangers 1 $ 49,038.00 You agree to the following payment schedule for the lump sum option: — Initial Invoice: 35% of the price quoted above upon execution of this Contract; — Material Invoice: 25% of the price quoted above; — Progress Invoice: 95% of the remaining balance to be paid in monthly installment for labor installation. — Final Invoice: Final payment within 30 days of completion of the work. All invoices, including final invoice are payable within 30 days of application. Any late or overdue payments will bear interest at the rate of 1 '/2% per month. Attorneys' fees and other costs of collection will be included in the event that we must pursue legal action for payment or in the event that you are otherwise in breach of this contract. We will not release to manufacture until the above initial invoice is paid. We will not schedule on-site work until the above progress invoice is paid. We will not turn over equipment prior to receipt of 95% of the price for the work inclusive of change notices.