QUINN POWER SYSTEMS (QUINN GROUP, INC.)

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TERMS AND CONDITIONS This STORAGE AGREEMENT is entered into by and between Quinn and Owner as of the Effective Date. These Terms and Conditions and the Basic Terms together comprise the "Agreement". Paragraph references are to paragraphs in the Basic Terms. RECITALS A. The Equipment for which title remains with Owner and which is listed in Attachment A referenced in Paragraph 7 has been delivered to the designated storage facility In Paragraph 5 (the "Designated Facility"). B. Owner has asked Quinn to store the Equipment for Owner at the Designated Facility. Quinn is wliling to store the Equipment for Owner on the Terms and Conditions set forth in in this Agreement, C. NOW THEREFORE, Owner and Quinn agree as follows: 1. Storage, Quinn will store the Equipment at the Designated Facility in the same manner as it stores its own equipment and using the same standard of care as it uses with its own equipment. The Equipment will be segregated from other Items of equipment and will be identified as being owned by Owner. 2. Storage Fee. Owner shall pay to Quinn the storage fee set forth in Paragraph 6 -(the"Storage-Fee").-If.and-in-the -event-this -Agreement-continues-beyond-the---- - period of time set forth in Paragraph 6, Owner shall pay additional Storage Fees at the same monthly rate for so long as the Equipment is stored at the Designated Facility, The Storage Fee shall be paid by Owner to Quinn in monthly installments or, at the election of Quinn, in one lump sum when Owner takes possession of the Equipment. 3. Addition and Removal of Equipment. For the protection of both parties to this Agreement, Owner agrees to provide Quinn notice In writing in accordance with the requirements of Condition 6 below for any addition or removal of the stored Equipment. At least one (1) business day shall be provided with said notice. In adding or removing equipment, the list in Attachment A must also be amended by Owner and provided with the notice so at all times the Equipment listed in Attachment A matches the Equipment physically stored at the Designated Facility. The revision date on the current Attachment A must be consistent with the most recent written notice provided by Owner. 4. Risk of Loss: Insurance. From and after the Effective Date or delivery of Equipment to Designated Facility, whichever may occur first, Owner assumes all risk of loss, damage, and liability, including without limitation loss of damage to fire, theft, vandalism, flood, wind or earthquake, for and in connection with the storage of Equipment while on Quinn's premises. It is Owner's responsibility to keep Equipment fully insured against damage, destruction and loss and liability of every kind while the Equipment is in possession of Quinn at the Designated Facility.