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FAXSF:: UNITErt TE'::-HE:"~,OGIE~. i\1: r,'-,' l~ -'(' . - - - :,".~;'='Jt, 1J~;:::3::J:; Pl.] P';:;'9~ :: ':\ 01-10-2006 10:23AIl FRO~I' T-m P,007/000 HOl SPECIAL PROVISIONS CONTRACT PRICE AND TERM .-....-.-........--... CONTRAOT PRIOlO Seven HlIndred Dollars ($700.00) per month, payulJla annually PRICE ADJUSTMENT The Contract P[lce will be adjusted 01\ the dale of any Inbor ftlte adjustment under Otis' COl\lfaot with Ihe Il'Ilernationnl Union of Elevator ConstrUClors (JOEC Conlrilct) to refll;cl increllS~s ar decreoses in mnterial ftnd )nbor costs. A. Material Seventy Oollars ($70.00) of the o,iginnl ConU'ucl P,lce wll1 be inc,.c,nsod or deorea$.ct by the p",cem increase l)' decl'ense shown by Ihe index of "Produer.r Commodity Prices for Metnl, nnd Meml Products" published by the U. S. Department of Lnl)or, Bnr~:1U of Statistics ror the price ndj\unment month compared with the Index 011 \'Jhich wM B. Lollo, Six Hundred Thirty Dollars ($630.00) of Iho ori8innl Con"acl Price will bc increased or deerensed by the percc1\( incrense or decren~e in the slruight lime hourly lubot (:OU unclcr the lUBe (jont!(Ict 00 whioh W{IS $ , The phrase "$ttaiRh\ lime hourly l,bor COSI" means Ihe SUln of the 51'nl8hl time hourly labor rate plu~ Ihe hOllTly coSt of fringe benefils paid 10 elevow, examiners in the IDenlily where the equll>ln,'nl is to be mninlllined. TERM The COmlllenMmenl nale will be 2/1/2005. The Tcrlll of thi~ Contr.ct will be for fivc (5) years begloning on the Commencement Date, The Contrum will automilt1cuUy be renewed l\l ench flfth o.nolv(!{.~nl'Y for an ndditioTIfll tlve (5) yenr tenn unless tcrruitluted by either pnrty by giving wlitten noticc: t{'l the other parlY fl.lleast ninety (90) days, bot no more thon 120 duys prior to dlC end of the then CUrl'elll five (5) yc:nr term. EXTENDED TERM 'rhc Terlll of this Contraot will be oxlcoded as selected below. and we will npply tho corresponding dlseOllnt 10 ,he net billing nmount. Extendad Extended Term Conlract Term DlscOuI11 Self3Cllon !ni!itll Ten (10) Yeo!'s 3% 0 Fifleen (15) Yeo'" 50/, B Twont~ (20) YeMS 7% In the event n customer choo:ms fin eXlendc<l (Crill, the COlltTm:t will automndc.nlly renew at the expiration of the Bxtended Co~U'acll'ernl (0" successive pcd~ds equal to lhe Initiul I!xtendorl Contract Tenn. Either porty mny tenninnte the ConlInet al the end of the InitinlExtended Cont,act Tel'tIl or nt tho .ud of nny .ubsequent Extended Comrnet Term by giving ,he other pony U1lcnsl ninety (90) days wdllen notice p'lo, 10 Iho cud of the then eurrent Term. At th. end oflhe initial EXlended Cot\tmcl Tenn. or allhe end of any subseqnenl Extended Conlrnct Tenn. you m.~ clMt to hove the lHlbsequent terms rcduc~~ 10 rive: (5) yr.;'\( pol'iQd~ by niving uS at least ninety (90) dnys wrhtcn notice prior to the cud of tho then OUTrollt Term, If such nollce is given. tho Extended Te,m Discount will be dlscouti,med upon tho subst:C)wO,l1t aulomntlc renewol dote of thiS ogrccll1cnt. In thn event the oon\:ract Is temtinatotl for nn~ rea,On prlo' to the e~plrntlon doto of tho eontemplRtnd Bxtended Tcrm or nny ~ub.equea' Extended Term, ~ou n~rce 10 pny ns the "mount of the full Exlendod Term Dl,count you ,eeelved during ,he EXlended Tenn or any subsequont Extended Term. This Is In addition to anel not In lieu of any OIlier rights or remedies we may have:, VOllllerc.a to notify \16 If the propp,;rty is sold. there Is 1\ lIttll!lfQr of oWllel'shlp or if thQTt;'l is n change in mnnagemcm of the property. You also ngree (0 n<,vise the new ownQr. ml\1lager or trRnsferee of Ihe existence or this mnlntenRnce f,;ontrilct including its lerl1l~ 1\1\Q obligntlol19. You Asree to .sslgn Ule conlrnct 10 ,he new owner of the building. . fl OTIS .I.~VATOR COMPANY, IPDl. 1997 All RighI-< R'''lIVed Iml"" Ponn MNT.OM (0511?1Q~) Prop."I# QFQ1041l!; pnse G of 8