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0 p,o, box 932 canby oregon 97013 office 503.65611999 fax 503.656.6628 info@westerndisplay.com <br />iJ <br />DISPLAY AGREEMENT AND PURCHASE ORDER <br />O THIS AGREEMENT ("Agreement') Is entered into on this day of <br />, 2022 by <br />and between Western Display Fireworks, Ltd., an Oregon corporation, whose address is set forth above, <br />("Western') and City of Everett, whose address is 2930 Wetmore Ave, Suite 10A, Everett, WA 98201 <br />LLI ("Sponsor"). Western and Sponsor are sometimes individually referred to as a "Party" and collectively as the <br />'Parties." <br />LL <br />In consideration of the mutual terms and conditions set forth herein and other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: <br />_ 1. Proposal. Western agrees to supply, and Sponsor agrees to pay for, a fireworks display on the following <br />designated date(s) and location: July 4, 2022 from a barge offJetty Island, Everett, Washington; Proposal <br />Li 4f22-7006, which Is attached hereto and Incorporated herein by this reference, (the "Display") In <br />accordance with the program approved by both Parties. <br />LLJ 2. Price and Payment Terms. Total price of SEVENTY FIVE THOUSAND DOLLARS AND NO/100 ($75,000,00) <br />Is to be paid as follows: 25% of the total price, $18,750100 is due by MARCH 1, 2022; 25% of the total <br />III price, $18,750100 is due by JUNE 4, 2022; the remaining balance of the price, $37,500,00, is due in full <br />on or before July 14, 2022. Interest will accrue at 134% per month (an annual percentage rate of 18% per <br />annum) on ail unpaid amounts from the date on which the payment was due, <br />3. Western Duties As part of the total price Western agrees to the following: <br />a. To supply all pyrotechnics necessary to present an aggressive and entertaining program. The Display <br />will be choreographed to the Sponsor provided musical soundtrack. A detailed firing script will be <br />provided to the Sponsor no later than 30 days prior to the Display; <br />b. To provide mortars, firing equipment and all other required materials necessary to perform its <br />services hereunder; <br />c. To provide proper delivery, set-up, firing and presentation by pyrotechnic operator and crew <br />covered under workers compensation Insurance; <br />d. To remove all equipment and spent pyrotechnic devices and clean up debris from the immediate <br />Display site, Sponsor acknowledges that additional debris may remain in the fallout zone after <br />Western's responsibilities of Display site cleanup have been completed; and <br />e. To comply with all local and federal guidelines and obtain any necessary permits to perform the <br />Display, unless otherwise notes in Sponsor duties. <br />4. Sponsor Duties. <br />a. Sponsor shall comply with all duties as detailed under the Compliance with Laws/Sponsor <br />Responsibilities portion of this Agreement; and <br />b. Sponsor agrees to provide the musical soundtrack for the Display to Western no later than April 1, <br />2022. <br />5. Insurance. WESTERN shall maintain at WESTERN's cost during the term of this agreement General <br />Commercial Liability Insurance on an occurrence basis. Such insurance must be in a form acceptable <br />to Sponsor. Such Insurance policy must have limits no less than five million dollars ($5,000,000) per <br />occurrence and five million dollars ($5,000,000) annual aggregate. Such Insurance must be issued by <br />companies authorized to do business in the State of Washington, which are rated at least "A" or better <br />and have a numerical rating of no less than seven (7) by A.M. Best Company. WESTERN shall no later <br />than June 15, 2022 deliver to Sponsor a Certificate of Insurance acceptable to the Sponsor evidencing <br />the required insurance. WESTERN shall no later than June 15, 2022 deliver to the Sponsor a true copy <br />