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INSURANCE ON FILE N-2025-061 <br />WORK MAY PROCEED <br />UNTIL INSURANCE EXPVR S <br />CITY CLEW TERMS AND CONDITIONS <br />°arE: MAR 2 5 2025 <br />0 ; �WA�GZ� This STORAGE AGREEMENT is entered into by and between Quinn and Owner as of <br />the Effective Date. These Terms and Conditions and the Basic Terms together comprise the <br />"Agreement". Paragraph references are to paragraphs in the Basic Terms. <br />RECITALS <br />A. The Equipment for which title remains with Owner and which is listed in Attachment <br />A referenced in Paragraph 7 has been delivered to the designated storage facility in <br />Paragraph 5 (the "Designated Facility"). <br />B. Owner has asked Quinn to store the Equipment for Owner at the Designated Facility. <br />Quinn is willing to store the Equipment for Owner on the Terms and Conditions set <br />forth in in this Agreement. <br />C. NOW THEREFORE, Owner and Quinn agree as follows: <br />AGREEMENT <br />1. Storage. Quinn will store the Equipment at the Designated Facility in the same <br />manner as it stores its own equipment and using the same standard of care as it <br />uses with its own equipment. The Equipment will be segregated from other items of <br />equipment and will be identified as being owned by Owner. <br />2. Storage Fee. Owner shall pay to Quinn the storage fee set forth in Paragraph 6 <br />(the "Storage Fee"). If and in the event this Agreement continues beyond the <br />period of time set forth in Paragraph 6, Owner shall pay additional Storage Fees at <br />the same monthly rate for so long as the Equipment is stored at the Designated <br />Facility. The Storage Fee shall be paid by Owner to Quinn in monthly installments <br />or, at the election of Quinn, in one lump sum when Owner takes possession of the <br />Equipment. <br />Addition and Removal of Equipment. For the protection of both parties to this <br />Agreement, Owner agrees to provide Quinn notice in writing in accordance with the <br />requirements of Condition 6 below for any addition or removal of the stored <br />Equipment. At least one (1) business day shall be provided with said notice. In <br />adding or removing equipment, the list in Attachment A must also be amended by <br />Owner and provided with the notice so at all times the Equipment listed in <br />Attachment A matches the Equipment physically stored at the Designated Facility. <br />The revision date on the current Attachment A must be consistent with the most <br />recent written notice provided by Owner. <br />4. Risk of Loss; Insurance. From and after the Effective Date or delivery of Equipment <br />to Designated Facility, whichever may occur first, Owner assumes all risk of loss, <br />damage, and liability, including without limitation loss of damage to fire, theft, <br />vandalism, flood, wind or earthquake, for and in connection with the storage of <br />Equipment while on Quinn's premises. It is Owner's responsibility to keep <br />Equipment fully insured against damage, destruction and loss and liability of every <br />kind while the Equipment is in possession of Quinn at the Designated Facility. <br />