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Loadrite on board loader scales and a weekly weight report will be provided to Owner. 3.02 The prices above are applicable through the Term, subject to adjustment pursuant to Sections 4.03. 3.03 Owner acknowledges and agrees that any and all Yard Waste that goes through Processing at the Yard Waste Facility must also go through Transportation and Recycling, provided that if Contractor does not desire to put certain processed Yard Waste through Transportation and Recycling then Contractor may, in its sole discretion, make such material available to Owner to be used as landfill cover or other beneficial use. ARTICLE 4 - PAYMENT PROCEDURES AND ADJUSTMENT 4.01 Once each month, payments shall be made during the term of the Agreement in the amount due on the Agreement. Contractor shall submit an invoice to the Owner's Managing Director no later than the 10th day of each month for the previous month's tonnage. Payment to the Contractor shall be made for all undisputed amounts on or before the thirtieth (30th) calendar day or 20 Business Days of the Owner's receipt of the invoice, whichever occurs later, upon verification by Owner of the invoice submitted. The Owner may reject the invoice in writing which shall specify the disputed amounts and reason for such dispute, and the action necessary to correct the deficiency. Payment for the previously disputed amounts shall be due 20 Business Days after the Owner's receipt of a revised invoice. 4.02 Owner shall make monthly payments as invoiced. Upon a determination of satisfactory completion, the Owner Managing Director will authorize payment to be made. All payments for services shall be made to the Contractor by Owner in accordance with the Local Government Prompt Payment Act, as may be amended from time to time (Section 218.70, Florida Statutes, et seq.). 4.03 Rate Adjustment A. Contractor may request an annual rate adjustment and such requests shall not be refused if within the funding authority of the Owner. Such request must be submitted in writing to Owner no later than June 1 of the year in which Contractor would like the rate adjustment to go into effect. Such rate adjustments are subject to approval by the County Administrator or his designee. If approved, the rate adjustment would become effective October 1 of that year. B. If a rate adjustment is requested, the Contract Price shall be adjusted as specified in Exhibit A and shall not exceed three percent (3%) for any single adjustment. Contractor shall provide notice to Owner of such adjustment, provided that failure to provide such notice shall not void this Section or be deemed to be a breach of this Agreement. 4.04 Performance Bond: Owner requires an annual payment and performance bond in the amount of $300,000 renewed annually with annual verification of insurance. The proof of bond and insurance will be subject to any consideration for a rate adjustment. ARTICLE 5 — INSURANCE: Page 7 of 22