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d. Maintenance of the general books and records of Operator. <br />e. Office supplies and equipment used by Operator that are not used exclusively for the Parking <br />Facilities. <br />f. Payroll markups by Operator. <br />g. The cost of compensation for any personnel above the level of Garage Manager working at <br />the Parking Facilities in any capacity other than as a full or part-time employee with direct <br />responsibility for the Parking Facilities. <br />h. Computer expenses, administrative mark-ups, or travel expenses related to the management <br />of the Parking Facilities. <br />i. The cost of any managers, supervisors, or couriers not employed at the Parking Facilities on a <br />full-time basis. <br />j. Off -site supervision. <br />k. Pro -rated home -office costs. <br />I. Transportation costs to/from ParkingFacilities. <br />m. Training costs, e.g., training manuals andvideos. <br />n. Personnel recruitment costs. <br />o. Internal audit costs. <br />3. In order to be reimbursed, Operator must obtain prior written approval of the amount of all Operating <br />Expenses from Owner, which approval will not be unreasonably withheld, conditioned, or delayed. In <br />determining the reasonableness of Operating Expenses, Owner will evaluate the Operating Expenses <br />in light of the expenses required to operate, maintain, and repair comparable parking facilities of a <br />first-class nature in the vicinity of the Parking Facilities. <br />4. It is expressly understood and agreed that the total reimbursement for all Operating Expenses will not <br />exceed what is reflected in the approved Budget (Exhibit C) during the Term unless otherwise provided <br />by written amendment to this Agreement. <br />5. Other than payroll, Operator will not contract or purchase any one item that exceeds $500.00 in cost <br />or any item the cost of which exceeds the amount set forth in the approved Budget without the prior <br />written approval of Owner. Any rebate or discount obtained by Operator in connection with this <br />Agreement will be the property of Owner. <br />6. In addition to the Monthly Statements required in the Scope of Services, Operator will submit quarterly <br />status reports to Owner evaluating the current efficiency of the operations of the Parking Facilities, <br />indicating any potential impediments to Owner's goal of minimizing Operating Expenses and making <br />recommendations regarding changes to the Scope of Services to reduce Operating Expenses. <br />Page 8 <br />