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<br /> <br /> <br />5 <br /> <br />Proposal Details <br />Becker Arena Products, Inc. <br />STANDARD TERMS AND CONDITIONS <br />Dasher Board Systems <br />1. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State <br />of Minnesota, as applied to contracts executed in and performed wholly within the State of Minnesota. <br />2. Delays. Becker Arena Products, Inc. (Seller) will not be liable for any delay in the performance of orders or <br />contracts, or in the delivery or shipment of the goods, or for any damages suffered by the Purchaser by reason of <br />such delay, including liquidated or actual damages. <br />3. Arbitration. Any and all controversies or claims arising out of or relating to this contract or the performance or <br />breach thereof shall be settled by arbitration in Minneapolis, Minnesota in accordance with the then existing rules <br />and procedure of the American Arbitration Association. <br />4. Mechanic's Lien or Bond Rights. Nothing herein shall be deemed to waive or affect Seller's right to assert a <br />mechanic's lien against the property on which the goods are installed or to make a claim against any bond. <br />Purchaser agrees to provide any and all information requested by Seller, within three (3) calendar days, to allow <br />Seller to preserve or effectuate its mechanic's lien or bond rights. <br />5. Change Orders. A change order will be required for any additional work to be performed or materials to be <br />supplied by the Seller, which is not included in the contract or is a result of the Purchaser's failure to comply with <br />the terms and conditions as described herein. A change order must be filled out by the Seller and signed by the <br />Purchaser before any work commences or material is ordered and/or shipped. <br />6. Anchors that are drilled into existing refrigerated floor. Locating of refrigeration pipes is the responsibility of <br />owner. Any repairs that may be required are the responsibility of the owner. Becker Arena Products will not be <br />responsible for any damage that may occur to rink piping due to anchor installation. <br />7. Material Price Escalation & De-Escalation Clause (Due to the volatility of all components of the above dasher <br />board system) In the event that the price of any of the material(s) used in the Becker Arena Products, Inc. <br />production of the above product increase or decrease by 3% or greater from the price used for that material(s) at <br />the time the quote was signed, then the price for the material(s) in the contract between Becker Arena Products, <br />Inc. and the purchaser shall be increased or decreased to reflect the additional or reduced cost to obtain that <br />material or materials. Purchaser agrees that Becker Arena Products, Inc. shall be entitled to an adjustment to the <br />contract price to reflect and price increases of material(s) that occur as a result of Becker Arena Products, Inc. <br />incurring additional costs when ordering materials. <br /> <br /> <br /> <br /> <br />