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Page 4 of 7Quote # Q-553723
<br />9/24/2025 4:40:01 PM
<br />a Division of McGrath RentCorp
<br />Corporate Headquarters
<br />5700 Las Positas Rd
<br />Livermore, CA 94551
<br />925-606-9000
<br />www.mgrc.com
<br />Sale Quotation and Agreement
<br />Quote # Q-553723
<br />Date of Quote 09/19/2025
<br />Quote Expiration Date: 10/19/2025
<br />Estimate Del Date
<br />Buyer PO#: Needed to clone
<br />previous Quote
<br />
<br />SALE TERMS AND CONDITIONS
<br />1.SALE. Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the Equipment. “Equipment” means the modular
<br />buildings identified in the Agreement, and any Accessories to be furnished by Seller to Buyer. “Accessories” means any additions,
<br />attachments, add-ons, fitments, parts, components, or accessories to the modular buildings to be furnished by Seller to Buyer as may
<br />be specified in under this Agreement. In connection with its sale of the Equipment and Accessories, Seller shall also perform the
<br />services described in the Charges Upon Delivery and/or as clarified in the Special Notes portion of this Agreement, if applic able (the
<br />“Services”). This Agreement is not a construction contract or a contract for improvements to real estate or for the design, planning,
<br />construction, alteration, repair or maintenance of a building, structure or appurtenance. Seller is not a designer or a manuf acturer of
<br />the Equipment.
<br />2.PAYMENT. Buyer shall pay Seller the Total Price set forth in the Agreement, which shall include all amounts owed for the Equipment,
<br />Accessories, and Services and which shall be subject to adjustments for changes, unknown conditions or unforeseen circumstan ces,
<br />including, but not limited to, driver waiting time, special transport permits, difficult site conditions, or increases in fuel prices, in
<br />accordance with the terms of this Agreement and subject to adjustments for all applicable taxes calculated at the time o f invoicing
<br />(collectively, the “Purchase Price”) on the applicable payment schedule listed below. Notwithstanding the possible payment sc hedules
<br />listed below, in the event that an alternate payment schedule is specified in the Special Notes of this Agreeme nt, such alternate
<br />payment schedule shall supersede the payment schedules listed below. Any amounts not specified in the applicable payment sche dule
<br />that hereafter become due from Buyer to Seller pursuant to the terms of this Agreement shall be due thirty (30) days after Buyer’s
<br />receipt of Seller’s invoice, unless a different payment period is provided herein. No payments due from Buyer shall be reduced by any
<br />abatement, setoff, or back charge of any kind whatsoever arising from any cause whatsoever. Neithe r title nor ownership of the
<br />Equipment shall pass to Buyer before the entire Purchase Price has been paid to Seller. Buyer hereby grants to Seller, to sec ure the
<br />payment and performance in full of all of Buyer’s obligations under this Agreement, a security interest in the Equipment consistent
<br />with the provisions of Section 18 of the Supplemental Sale Terms and Conditions.
<br />(a) NEW EQUIPMENT AND SERVICES PAYMENT SCHEDULE.
<br />•Fifty percent (50%) of the Total Price upon Buyer’s execution of this Agreement.
<br />•Forty percent (40%) of the Total Price no less than three (3) business days prior to the scheduled delivery of the Equipment
<br />to the Site.
<br />•Ten percent (10%) of the Total Price Net 30 days from the date of substantial completion of Seller’s scope of work (substantial
<br />completion does not include punch list items).
<br />(b) USED EQUIPMENT AND SERVICES PAYMENT SCHEDULE.
<br />•Twenty-five percent (25%) of the Total Price upon Buyer’s execution of this Agreement.
<br />•Sixty-five percent (65%) of the Total Price no less than three (3) business days prior to the scheduled delivery of the Equipment
<br />to the Site.
<br />•Ten percent (10%) of the Total Price Net 30 days from the date of substantial completion of Seller’s scope of work (substantial
<br />completion does not include punch list items).
<br />3.SELLER SCOPE OF WORK; EXCLUSIONS; CHANGE ORDER. Seller’s scope of work is limited to (1) the procurement and/or
<br />preparation of the Equipment and Accessories (if any) to meet the specifications set forth in this Agreement; and (2) perform ance of
<br />the Services. The Total Price excludes all additional services, accessories, ancillary items or equipment and additional on-site labor.
<br />The following are obligations of the Buyer and specifically excluded from Seller’s obligations under this Agreement: (i) permits and
<br />licensing related to the Site; (ii) Site engineering or other design services; (iii) selection or preparation of the Site (iv) utilities or temporary
<br />power, and (viii) utility connections, whether temporary or permanent. Buyer may request changes or alterations in Seller’s scope of work,
<br />which Seller may or may not agree to in Seller’s sole discretion. Any written change orders shall be incorporated by referenc e into this
<br />Agreement and subject to all Terms and Conditions set forth herein.
<br />4.SCHEDULE; BUYER DELAYS.
<br />(a) Buyer will schedule operations such that delivery and installation of the Equipment may be carried out by Seller in one continuous
<br />operation and in proper sequence. Should there be delays in the Buyer’s preparation of the Site which would delay delivery and/or
<br />installation of the Equipment, Buyer shall notify Seller no less than ten (10) days in advance of the Estimated Delivery Date. In
<br />the event Buyer fails to comply with the foregoing requirements, Buyer will reimburse Seller for actual costs and damages incurred,
<br />including a reasonable markup for overhead and profit for work performed by Seller, resulting from such delay. Any such delay
<br />resulting therefrom will extend Seller’s period of performance, which may not be a day for day extension of time.
<br />(b) If Buyer delays delivery of the Equipment for any reason for thirty (30) days or longer from the original Estimated Delivery Date,
<br />Seller, in its sole discretion may take one or more of the following actions which Buyer shall be notified of in writing: (1) revise
<br />MOBILE MODULAR SOURCEWELL CONTRACT ID# 120822-MMR
<br />Payment due thirty (30) days after Buyer's receipt of Seller's invoice.
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