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V11 <br /> time an attempt to reschedule the Fireworks Display shall be discussed with a view toward reaching a mutually <br /> satisfactory postponement time and/or date . <br /> In the event the mutually satisfactory postponement time and/or date is beyond the day following the scheduled <br /> Fireworks Display and it is impracticable for the personnel and equipment of Pyrotecnico of Florida to remain at <br /> Sponsor' s location until the rescheduled Fireworks Display date, then Sponsor shall pay the actual expenses incurred by <br /> Pyrotecnico of Florida related to the postponement, which shall not exceed forty percent ( 40%) of the contract price. <br /> Actual expenses include , but are not limited to, expenses for travel, lodging, labor, meals, rentals, permit fees, set-up <br /> and/or dismantling of display, additional taxes or surcharges, or any other additional expenses that incurred prior to <br /> and/or as a result of the postponement or cancellation. <br /> In the event a mutually satisfactory postponement date cannot be determined, this contract shall become null and void <br /> and neither party shall have any obligation or responsibility hereunder provided however, that in such event Sponsor <br /> shall pay to Pyrotecnico of Florida a sum equal to seventy-five ( 75%) of the contract price . <br /> 6. Cancellation. In the event Sponsor cancels this contract as provided below, liquidated damages for such <br /> cancellation shall be paid by Sponsor to Pyrotecnico of Florida as follows: <br /> a. In the event the Fireworks Display is cancelled more than thirty (30) days before the date scheduled for the <br /> Fireworks Display, twenty-five percent (25%) of the amount of the contract price. <br /> b. in the event the Fireworks Display is cancelled no more than thirty (30) days and no less than four ( 4) days before <br /> the contract, fifty percent (50%) of the contract price. <br /> c. If the Fireworks ' Display is cancelled no more than three (3) days but before the day scheduled for the Fireworks <br /> Display, seventy-five percent ( 75%) of the contract price. <br /> d . On the day scheduled for the Fireworks Display, one hundred percent ( 100%) . <br /> In the event that Sponsor chooses to terminate this contract it shall do so by written notice via registered mail addressed <br /> to Pyrotecnico of Florida, LLC, P.O. Box 310, New Castle, PA 16103. Notice shall be effective upon receipt of said written <br /> notice by Pyrotecnico of Florida . In the event of circumstances beyond the control of either party, such as fire, strikes, <br /> delay, flood, acts of God or similar causes, which prevent the delivery of materials or performances as, set forth herein, <br /> the parties hereto release one another from any and all obligations and responsibilities contained herein . <br /> 7 . Governing Law. The parties agree that this contract shall be interpreted, construed, enforced and governed by the <br /> laws of the State of Florida . <br /> 8. Modifications and Revision. Except as provided herein, the terms of this agreement shall not be modified, amended <br /> or rescinded except by written agreement signed by authorized representatives of the parties hereto . <br /> IN WITNESS WHEREOF, the undersigned executed this agreement by and through their authorized agents whose names <br /> appear below. <br /> ATTEST: PYROTECNICO OF FLORIDA, LLC <br /> By: <br /> Title: <br /> ATTEST: SPO ORh t We of V o e h, Flod O, d. ($61000) <br /> By: o <br /> Title: el � � < <br /> SPONSOR: Indian River County Board of County. Commissioners <br /> ($6 0) <br /> By: <br /> seph A . Baird , County Administrator <br /> Title, <br /> APti' ROVELi -n f0 FORM <br /> LIN -? 7Lq�41FFICIENCY <br /> ay/ZM <br /> __ <br /> Pyrotecnico 11/20/2007 i1iV E . FELL P 121 107 $12,(000 Pg. 717 <br /> 4591 STANT C01 IN T" ATTORN' <br />