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<br />1. Use & Maintenance. Customer agrees to regularly inspect and maintain the Equipment, and to provide, inspect and
<br />maintain appropriate safety surfacing under and around the Equipment, in accordance with PPLT’s product literature and the
<br />most current Consumer Product Safety Commission Handbook for Public Playground Safety.
<br />2. Default, Remedies & Delinquency Charges. Customer’s failure to pay any invoice when due, or its failure to
<br />otherwise comply with the terms of this Quote, shall constitute a default under all unsatisfied invoices ("Event of Default").
<br />Upon an Event of Default, PPLT shall have all remedies available to it at law or equity, including, without limitation, all
<br />remedies afforded a secured creditor under the Uniform Commercial Code. Customer agrees to assist and cooperate with
<br />PPLT to accomplish its filing and enforcement of mechanic’s or other liens with respect to the Equipment or its location or its
<br />repossession of the Equipment, and Customer expressly waives all rights to possess the Equipment after an Event of
<br />Default. All remedies are cumulative and not alternative, and no exercise by PPLT of a remedy will prohibit or waive the
<br />exercise of any other remedy. Customer shall pay all reasonable attorneys’ fees plus any costs of collection incurred by
<br />PPLT in enforcing its rights hereunder. Subject to any limitations under law, Customer shall pay to PPLT as liquidated
<br />damages, and not as a penalty, an amount equal to 1.5% per month of any payment that is delinquent in such month and is
<br />not received by PPLT within ten (10) days after the date on which due.
<br />3. Limitation of Warranty/ Indemnity. PPLT MAKES NO EQUIPMENT WARRANTIES EXCEPT FOR THOSE
<br />STANDARD WARRANTIES ISSUED WITH THE EQUIPMENT, WHICH ARE INCORPORATED HEREIN BY THIS
<br />REFERENCE. PPLT SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS
<br />FOR A PARTICULAR PURPOSE AND ANY LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES.
<br />CUSTOMER AGREES TO DEFEND, INDEMNIFY AND SAVE PPLT HARMLESS FROM ALL CLAIMS OF ANY KIND FOR
<br />DAMAGES OF ANY KIND ARISING OUT OF CUSTOMER’S ALTERATION OF THE EQUIPMENT, ITS FAILURE TO
<br />MAINTAIN THE EQUIPMENT, ITS FAILURE TO PROPERLY SUPERVISE EQUIPMENT USE, OR ITS FAILURE TO
<br />PROVIDE AND MAINTAIN APPROPRIATE TYPES AND DEPTHS OF SAFETY SURFACING BENEATH AND AROUND
<br />THE EQUIPMENT IN ACCORDANCE WITH PPLT’S INSTALLATION AND OWNER’S MANUALS AND THE MOST
<br />CURRENT CONSUMER PRODUCT SAFETY COMMISSION HANDBOOK FOR PUBLIC PLAYGROUND SAFETY.
<br />4. Restrictions. Until all amounts due hereunder are paid in full, Customer shall not: (i) permit the Equipment to be
<br />levied upon or attached under any legal process; (ii) transfer title to the Equipment or any of Customer's rights therein; or (iii)
<br />remove or permit the removal of the Equipment to any location not specified in this Quote.
<br />5. Purchase Money Security Interest. Customer hereby grants, pledges and assigns to PPLT, and PPLT hereby
<br />reserves a purchase money security interest in, the Equipment in order to secure the payment and performance in full of all
<br />of Customer’s obligations hereunder. Customer agrees that PPLT may file one or more financing statements, in order to
<br />allow it to perfect, acquire and maintain a superior security interest in the Equipment.
<br />6. Choice of Law and Jurisdiction. All agreements between Customer and PPLT shall be interpreted, and the parties'
<br />obligations shall be governed, by the laws of the State of Missouri without reference to its choice of law provisions.
<br />Customer hereby consents to the personal jurisdiction of the state and federal courts located in the city and county of St.
<br />Louis, Missouri.
<br />7. Title; Risk of Loss; Insurance. PPLT Retains full title to all Equipment until full payment is received by PPLT.
<br />Customer assumes all risk of loss or destruction of or damage to the Equipment by reason of theft, fire, water, or any other
<br />cause, and the occurrence of any such casualty shall not relieve the Customer from its obligations hereunder and under any
<br />invoices. Until all amounts due hereunder are paid in full, Customer shall insure the Equipment against all such losses and
<br />casualties.
<br />8. Waiver; Invalidity. PPLT may waive a default hereunder, or under any invoice or other agreement between
<br />Customer and PPLT, or cure such a default at Customer's expense, but shall have no obligation to do either. No waiver
<br />shall be deemed to have taken place unless it is in writing, signed by PPLT. Any one waiver shall not constitute a waiver of
<br />other defaults or the same kind of default at another time, or a forfeiture of any rights provided to PPLT hereunder or under
<br />any invoice. The invalidity of any portion of this Quote shall not affect the force and effect of the remaining valid portions
<br />hereof.
<br />9. Entire Agreement; Amendment; Binding Nature. This fully-executed Quote, as supplemented by Change Orders
<br />and invoices containing exact amounts of estimates provided herein, constitutes the complete and exclusive agreement
<br />between the parties. A Change Order is a written instrument signed by the Customer and PPLT stating their agreement as
<br />to any amendment in the terms of this Quote. Customer acknowledges that Change Orders may result in delays and
<br />additional costs. The parties agree that all Change Orders shall include appropriate adjustments in price and time frames
<br />relating to any requested amendments. Upon full execution, this Quote shall be binding upon and inure to the benefit of the
<br />parties and their successors and assigns.
<br />10. Counterparts; Electronic Transmission. This Quote, any invoice, and any other agreement between the parties,
<br />may be executed in counterparts, each of which shall constitute an original. The facsimile or other electronic transmission of
<br />any signed original document, and retransmission of any signed facsimile or other electronic transmission, shall be the same
<br />as the transmission of an original. At the request of either party, the parties will confirm facsimile or other electronically
<br />transmitted signatures by signing an original document.
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