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Agreement THIS AGREEMENT is by and between INDIAN RIVER COUNTY SOLID WASTE DISPOSAL DISTRICT, a Political Subdivision of the State of Florida organized and existing under the Laws of the State of Florida, (hereinafter called OWNER) and Bulk Express Transport, Inc. (hereinafter called CONTRACTOR). OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: ARTICLE 1- WORK CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as follows: Transportation of recyclables from Indian River County Materials Recovery Facility (MRF) located at 1325 74th Ave SW, Vero Beach, FL 32968 to the St. Lucie County Recycling Facility located at 6120 Glades Cut -Off Road, Ft. Pierce, FL 34981. ARTICLE 2 - THE PROJECT The Project for which the Work under the Contract Documents may be the whole or only a part is generally described as follows: Project Name: Transportation of Recyclables to St. Lucie County Bid Number: 2022074 Project Address: 132574 th Ave SW, Vero Beach, FL 32968 ARTICLE 3 - CONTRACT TERM 3.01 The term of the contract will begin October 1, 2022, and continue through September 30, 2025. Five additional one-year terms may be authorized upon mutual agreement no less than 90 days prior to the end of the previous term. ARTICLE 4 - CONTRACT PRICE 4.01 OWNER shall pay CONTRACTOR for completion of the Work, at the prices stated in CONTRACTOR's Bid, attached hereto as Exhibit 1. Monthly invoices will be prepared based on tonnages hauled from the IRC MRF, and submitted by the 101h day of the following month. 4.02 The CONTRACTOR'S price at the time of delivery of goods and services will be the price set forth on the Bid Form. Amendment to the pricing may be requested by either party 60 days prior to the end of the current term, based on the One Hundred Percent (100%) of the rate adjustment shall be based on seventy-five percent (75%) of the change in the Consumer Price Index (CPI) between the month of January in the prior year (CP11) and the month of January in the current year (CP12). The CPI shall be the South Urban Region, All Items — All Urban Wage Earners and Clerical Workers, published by the United States Department of Labor, Department of Labor Statistics (Series ID = CWUR0300SA0). Each modification shall not exceed 3% increase or decrease from previous price.