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HomeMy WebLinkAboutCOM 1062.002 2006-2008 Harry Kim F. William Takaba Mayor Finance Director Nancy Crawford Deputy Finance Director fir, oiMn1 County of Hawaii 25 Aupuni Street, Room 215 • Hilo, Hawaii 96720 (808) 961-8234 • Fax(808)961-8248 era °o 00 3 ~ March 4, 2008 n CO Pete Hoffmann, Chairman and l Members of the Hawai'i County Council 3 Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Re: Resolution for multi-year contract Waste Reduction Facility RFP #2210 Enclosed are the following documents related to the Resolution for multi-year contract that we transmitted to you on February 27, 2008: • Draft Service Contract for the Design, Construction and Operation of the County of Hawaii Solid Waste Reduction Facility (12/26/07). • Executive Summary of the Service Contract for the Design, Construction and Operation of the County of Hawaii Solid Waste Reduction Facility (3/4/08). This Executive Summary incorporates terms of the Best and Final Offer recently negotiated with Wheelabrator Technologies, Inc., and will be included in the final Service Contract. • Letter to Mark A. Weidman, President, Wheelabrator Technologies (3/4/08), notifying Wheelabrator that they have been awarded the contract, subject to County Council approval. • Notice of Award (3/4/08) • Waste Reduction Facility RFP #2210 report of major RFP activities to date. I would also like to take this opportunity to correct the letter transmitting the multi-year agreement to you on February 27, 2008. The letter references a multi-year lease. It should reference a multi-year contract instead. We are sorry for the error and confusion that it may have caused. Our consultants will be attending the meeting of the Finance Committee on March 11, 2008 to respond to questions you may have and discuss the contract in greater detail. William Takaba Director of Finance 19; ?r • Gomm, No, cc: Bobby Jean Leithead-Todd Ref. TO: ~e604 Ref. Dote MAR 1 12 M4 Final Stage 2 RFP Draft of 12/26/07 DRAFT SERVICE CONTRACT FOR THE DESIGN, CONSTRUCTION AND OPERATION OF THE COUNTY OF HAWAII SOLID WASTE REDUCTION FACILITY between COUNTY OF HAWAII, HAWAII AND WHEELABRATOR TECHNOLOGIES INC. Dated 2008 487571.8 028493 AGMT TABLE OF CONTENTS ARTICLE I DEFINITIONS AND INTERPRETATION SECTION 1.1 DEFINITIONS ..........................................................................................3 SECTION 1.2 INTERPRETATION .................................................................................27 (A) References Hereto .........................................................................27 (B) Gender and Plurality ....................................................................28 (C) Persons ........................................................................................28 (D) Headings ......................................................................................28 (E) Entire Agreement ..........................................................................28 (F) Design Requirements ....................................................................28 (G) Standards of Workmanship and Materials .....................................28 (H) Technical Standards and Codes ....................................................29 (I) Liquidated Damages .....................................................................29 (J) Causing Performance ....................................................................29 (K) Party Bearing Cost of Performance ................................................29 (L) Assistance ....................................................................................29 (M) Interpolation ................................................................................30 (N) Applicability and Stringency of Contract Standards 30 (O) Delivery of Documents in Digital Format .......................................30 (P) Severability ..................................................................................30 (Q) No Third-Party Rights ...................................................................31 (R) References to Days .......................................................................31 (S) References to Including .................................................................31 (T) References to Knowledge ...............................................................31 (U) Counterparts ................................................................................31 M Governing Law .............................................................................31 (W) Defined Terms ..............................................................................31 ARTICLE II REPRESENTATIONS AND WARRANTIES SECTION 2.1. REPRESENTATIONS AND WARRANTIES OF THE COUNTY ......................32 (A) Existence and Powers ...................................................................32 (B) Due Authorization and Binding Obligation ....................................32 (C) No Conflict ...................................................................................32 (D) No Approvals Required .................................................................32 (E) No Litigation .................................................................................32 (F) County Ownership Interests in the Site .........................................32 (G) Information Pertaining to the Site .................................................33 SECTION 2.2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY ...................33 (A) Existence and Powers ...................................................................33 (B) Due Authorization and Binding Obligation ....................................33 (C) No Conflict ...................................................................................33 (D) No Approvals Required .................................................................33 (E) No Litigation .................................................................................34 (F) Claims and Demands ...................................................................34 (G) Applicable Law Compliance ...........................................................34 (I) Patents and Licenses ....................................................................34 (J) Information Supplied by the Company ..........................................34 (i) 487571.8 028493 AGMT SECTION 2.3. KNOWLEDGE-BASED REPRESENTATIONS ............................................34 ARTICLE III TERM SECTION 3.1. EFFECTIVE DATE AND INITIAL TERM 36 SECTION 3.2. RENEWAL AND EXTENSION OPTION .....................................................36 ARTICLE IV DEVELOPMENT PERIOD SECTION 4.1. SITE SUITABILITY CONFIRMATION ........................................................37 (A) Site Familiarity .............................................................................37 (B) County-Supplied Information ........................................................37 (C) Site Access During Development Period .........................................37 (D) Discovery of Hazardous Materials or Other Regulated Substances ..................................................................................38 SECTION 4.2. DEVELOPMENT PERIOD RESPONSIBILITIES OF THE PARTIES ..............38 (A) Initial County Development Period Responsibilities .......................38 (B) Initial Company Development Period Responsibilities ....................38 (C) No County Obligation to Proceed ...................................................38 (D) Balance of County Development Period Responsibilities .................39 (E) Balance of Company Development Period Responsibilities .............39 (F) Payment for Company Development Period Work ..........................42 SECTION 4.3. CONSTRUCTION COMMENCEMENT DATE CONDITIONS .......................42 SECTION 4.4. CLOSING THE DEVELOPMENT PERIOD .................................................44 (A) Establishment of the Construction Commencement Date ..............44 (B) Failure of Conditions ....................................................................44 SECTION 4.5. COUNTY TERMINATION OPTION DURING THE DEVELOPMENT PERIOD 45 (A) County Convenience Termination Option Prior to Construction Commencement Date ...............................................45 (B) Delivery of Development Period Work Product to the County 45 (C) Costs, Records and Reporting .......................................................46 ARTICLE V DESIGN AND PERMITTING OF THE DESIGN/ BUILD IMPROVEMENTS SECTION 5.1. DESIGN WORK ......................................................................................47 (A) Performance of the Design Work ...................................................47 (B) Design Risk ..................................................................................47 (C) Changes to Design Requirements ..................................................47 (D) Licensing Requirements ................................................................48 SECTION 5.2. PERMIT CONDITIONS ............................................................................48 (A) Negotiation of Permit Conditions ...................................................48 (B) Proposed Conditions and Company Evaluation .............................48 (C) Permit Acceptance - Conditions of Lesser Stringency Than Environmental Guarantee .............................................................48 SECTION 5.3. PERMITTING WORK ...............................................................................48 (A) Company Permitting Responsibilities ............................................48 (B) County Permitting Responsibilities ................................................49 (C) Company Assumption of Permitting Risk for Facility .....................50 (ii) 487571.8 028493 AGMT (D) Failure of Company to Obtain Governmental Approval in a Timely Manner .............................................................................50 SECTION 5.4. COMPLIANCE WITH APPLICABLE LAW ...................................................51 (A) Compliance with Applicable Law and Equipment Operating Requirements 51 (B) Compliance with Conditions in Governmental Approvals ...............51 (C) Governmental Approvals Necessary for Continued Construction 51 (D) Fines, Penalties and Remediation ..................................................51 ARTICLE VI FINANCING AND POWER PURCHASE AGREEMENT SECTION 6.1. COUNTY FINANCING .............................................................................52 SECTION 6.2. POWER PURCHASE AGREEMENT ..........................................................52 (A) General Terms ..............................................................................52 (B) Company Responsibilities .............................................................52 ARTICLE VII CONSTRUCTION OF THE FACILITY SECTION 7.1. AGREEMENT TO CONSTRUCT ...............................................................54 (A) Commencement of Construction ...................................................54 (B) Construction Practice ...................................................................54 (C) Measurements ..............................................................................55 (D) Engagement of Authorized Representative .....................................55 (E) Title and Risk of Loss ...................................................................55 (F) Encumbrances .............................................................................56 (G) Utilities ........................................................................................56 (H) Payment of Costs ..........................................................................56 (1) Notice of Default ...........................................................................56 (J) Compliance With Law ...................................................................56 SECTION 7.2. COMMENCEMENT OF WORK .................................................................57 (A) Notice to Proceed ..........................................................................57 (B) Time .............................................................................................57 (C) Effect of Progress Schedule ...........................................................57 SECTION 7.3. DESIGN REVIEW, OBSERVATIONS, TESTING AND UNCOVERING OF WORK ...................................................................................................57 (A) Observations and Design Review Protocol ......................................57 (B) Tests ............................................................................................58 (C) County Observations, Inspections and Tests .................................58 (D) Certificates and Reports ................................................................59 (E) Taking Apart, Uncovering and Replacing Design/Build Work......... 59 (F) Monthly On-Site Meetings and Design and Construction Review .........................................................................................60 SECTION 7.4. CORRECTION OF DESIGN/BUILD WORK ...............................................60 (A) Correction of Non-Conforming Design/Build Work ........................60 (B) Costs of Correction .......................................................................61 (C) Elective Acceptance of Defective Design/Build Work ......................61 (D) Relation to Other Obligations ........................................................61 (E) Payments of Amounts Owed .........................................................61 SECTION 7.5. DAMAGE TO THE FACILITY ...................................................................61 (A) Damage Prevention .......................................................................61 (iii) 487571.8 028493 AGMT (B) Restoration ...................................................................................61 (C) Notice and Reports .......................................................................62 SECTION 7.6. CHANGE ORDERS AND EXTRA DESIGN/BUILD WORK 62 (A) Right to Issue Change Orders .......................................................62 (B) Extra Design/ Build Work .............................................................62 (C) Extra Design/ Build Work Caused by Company Fault ....................62 (D) Cost Reductions from Change Orders ............................................63 (E) Proposal for Extra Design/Build Work ..........................................63 (F) Conditions to Obligation to Proceed ..............................................63 (G) Obligation to Proceed Notwithstanding Dispute .............................64 (H) Disputed Work .............................................................................64 (I) Notice; Waiver ..............................................................................64 SECTION 7.7. PATENT, COPYRIGHT AND OTHER PROTECTED MATERIAL ...................64 (A) Property of the County ..................................................................64 (B) Delivery of Deliverable Material .....................................................64 (C) Use of Deliverable Material, Processes and Equipment ..................64 (D) Substitutes for Deliverable Material, Process or Equipment 65 SECTION 7.8. COUNTY TERMINATION OPTIONS DURING THE CONSTRUCTION PERIOD .................................................................................................65 (A) County Termination for Cause ......................................................65 (B) Cost Records and Reporting ..........................................................65 (C) Delivery of Construction Period Work Product to the County .........65 SECTION 7.9. PERSONNEL ..........................................................................................65 (A) Personnel Performance .................................................................65 (B) Construction Manager ..................................................................66 (C) County Rights With Respect to Key Personnel ...............................66 (D) Labor Disputes .............................................................................67 (E) Prevailing Wages ...........................................................................67 SECTION 7.10. WARRANTIES ........................................................................................67 ARTICLE VIII ACCEPTANCE OF THE FACILITY SECTION 8.1. START-UP OPERATIONS ........................................................................68 (A) Notices .........................................................................................68 (B) Commissioning .............................................................................68 (C) Deliveries for Start-Up and Commissioning; Payment ....................68 (D) Failure of Deliveries for Start-Up and Commission Operations 69 (E) Operations Following Start-Up/Commissioning and Prior to Acceptance Testing .......................................................................69 (F) Personnel Training .......................................................................70 (G) Residue Sampling and Analysis ....................................................70 SECTION 8.2. SUBSTANTIAL COMPLETION .................................................................71 (A) Conditions to Substantial Completion ...........................................71 (B) Final Punch List ...........................................................................72 SECTION 8.3. CONDUCT OF ACCEPTANCE TEST .........................................................73 SECTION 8.4. ACCEPTANCE DATE CONDITIONS .........................................................73 SECTION 8.5. PROVISIONAL ACCEPTANCE; ACCEPTANCE AT REDUCED ACCEPTANCE STANDARD; THROUGHPUT CAPACITY LIQUIDATED DAMAGES 74 (A) Provisional Acceptance at Full Acceptance Standard .....................74 (B) Option to Establish Acceptance Date .............................................75 (C) Unexcused Non-Compliance .........................................................75 (D) Acceptance Re-testing ...................................................................76 (iv) 487571.8 028493 AGMT (E) Uncontrollable Circumstances ......................................................76 SECTION 8.6. DISPOSAL UPON UNEXCUSED DELAY IN ACCEPTANCE DATE ...............76 (A) Interim Service .............................................................................76 (B) Payment for Interim Service ..........................................................77 (C) Interim Service Does Not Constitute Acceptance ............................78 (D) Operations During Extension Period .............................................78 SECTION 8.7. TEST REPORT .......................................................................................78 SECTION 8.8. CONCURRENCE OR DISAGREEMENT WITH TEST RESULTS ..................78 (A) Acceptance Date Concurrence .......................................................78 (B) Acceptance Date Disagreement .....................................................78 SECTION 8.9. REPETITION OF ACCEPTANCE TEST; EXTENSION PERIOD ....................79 SECTION 8.10. FAILURE TO MEET ACCEPTANCE STANDARD .......................................79 SECTION 8.11. FINAL COMPLETION ..............................................................................80 (A) Requirements ...............................................................................80 (B) Final Certificate and Claims Statement .........................................80 (C) Payment for Punchlist Items .........................................................81 SECTION 8.12. NO ACCEPTANCE, WAIVER OR RELEASE ..............................................81 SECTION 8.13. NO SERVICE FEE PAYMENT DURING START-UP AND TESTING ..............82 ARTICLE IX PAYMENT OF THE DESIGN/ BUILD PRICE SECTION 9.1. DESIGN/BUILD PRICE ..........................................................................83 (A) Design/Build Price Generally ........................................................83 (B) Fixed Design/Build Price ..............................................................83 (C) Fixed Design/Build Price Adjustments ..........................................83 (D) Limitation on Payments for Costs of the Design/Build Work.......... 83 SECTION 9.2. PAYMENT FOR THE DEVELOPMENT PERIOD WORK ..............................84 (A) Fixed Development Price ...............................................................84 (B) Milestone Schedule .......................................................................84 (C) Conditions of Payment ..................................................................84 (D) Disbursement Procedure ..............................................................84 (E) Disbursement Dispute Procedures ................................................85 (F) Limitation on Payment for Initial Company Development Period Responsibilities ..................................................................86 SECTION 9.3. PAYMENT PROCEDURE FOR CONSTRUCTION PERIOD WORK ...............86 (A) Fixed Construction Price ...............................................................86 (B) Milestone Schedule .......................................................................86 (C) Construction Disbursement Procedure ..........................................86 (D) Disbursement Dispute Procedures ................................................88 (E) Retainage .....................................................................................88 SECTION 9.4. CONDITIONS OF PAYMENT ....................................................................89 (A) Information Supporting Requisition ..............................................89 (B) Permissible Withholdings ..............................................................89 SECTION 9.5. FINAL REQUISITION AND PAYMENT ......................................................90 (A) Final Requisition ..........................................................................90 (B) Final Payment ..............................................................................90 SECTION 9.6. PAYMENT OF SUBCONTRACTORS .........................................................92 SECTION 9.7. AUDIT BOOKS AND RECORDS ...............................................................92 (A) Audit ............................................................................................92 (B) Construction Books and Records ..................................................92 (v) 487571.8 028493 AGMT ARTICLE X DELIVERY AND RECEIPT OF WASTE SECTION 10.1. DELIVERY OF PROCESSIBLE WASTE BY THE COUNTY ..........................93 (A) Annual Waste Delivery Commitment .............................................93 (B) Charges to Registered Haulers ......................................................93 (C) Source Separation ........................................................................93 (D) Shortfall Damages ........................................................................94 SECTION 10.2. RECEIPT OR REJECTION OF WASTE BY THE COMPANY ........................94 (A) Receiving and Processing of Solid Waste ........................................94 (B) Annual Facility Throughput Guarantee .........................................94 (C) Billing Period Throughput Guarantee ............................................95 (D) Determination of Billing Period Throughput Surpluses and Deficiencies 95 (E) Determination of Tonnage Combusted ..........................................96 (F) Billing Period Processing Record ...................................................96 (G) Disposal of Bypass Processible Waste ...........................................96 (H) Alternative Waste Disposal Site .....................................................96 (1) Segregation of Non-Processible Waste ...........................................97 (J) Storage .........................................................................................97 SECTION 10.3. DELIVERY SCHEDULES, PROCEDURES AND REQUIREMENTS .............97 (A) Annual Operating Plan .................................................................97 (B) Registered Haulers .......................................................................98 (C) Delivery Procedures ......................................................................98 (D) Spillage of Solid Waste ..................................................................98 (E) Release of Hazardous Substances .................................................98 SECTION 10.4. RECEIVING AND OPERATING HOURS ....................................................98 (A) Receiving Time .............................................................................98 (B) Operating Hours ...........................................................................99 SECTION 10.5. WEIGHING RECORDS ...........................................................................99 (A) Measurement Devices and Procedures ..........................................99 (B) Estimates During Incapacitation ...................................................99 (C) Weight Records 100 (D) Representative to Monitor Compliance 100 SECTION 10.6. NON-COUNTY PROCESSIBLE WASTE ..................................................100 (A) Prohibition on Receipt of Non-County Processible Waste ..............100 (B) Waiver of Prohibition ..................................................................100 SECTION 10.7. TEMPORARY SHUTDOWNS .................................................................100 (A) Notice .........................................................................................100 (B) Effect of Temporary Shutdown ....................................................100 SECTION 10.8. HAZARDOUS MATERIAL 100 SECTION 10.9. LIMITATION ON FOSSIL FUELS OR COMPANY-SUPPLIED MATERIAL 101 ARTICLE XI OPERATION AND MANAGEMENT SECTION 11.1. COMPANY OBLIGATIONS GENERALLY .................................................102 (A) Operation and Management Responsibility ..................................102 (B) Transfer and Application of Industry Experience .........................102 SECTION 11.2. COUNTY OBLIGATIONS GENERALLY ...................................................102 SECTION 11.3. SERVICE COORDINATION AND CONTRACT ADMINISTRATION .............102 (A) Company's Facility Manager .......................................................102 (B) Company's Senior Supervisors ....................................................103 (vi) 487571.8 028493 AGMT (C) County's Contract Representative ...............................................103 (D) County Approvals and Consents .................................................104 (E) Communications and Meetings ...................................................104 SECTION 11.4. OPERATION AND MAINTENANCE MANUAL ..........................................105 (A) Company Responsibility 105 (B) Supplements for Capital Modifications ........................................105 SECTION 11.5. STAFFING AND PERSONNEL TRAINING ...............................................105 (A) Staffing ......................................................................................105 (B) Training .....................................................................................105 SECTION 11.6. ELECTRICITY SUPPLY AND CONSUMPTION .........................................106 SECTION 11.7. SAFETY AND SECURITY ......................................................................106 (A) Safety .........................................................................................106 (B) Security .....................................................................................107 SECTION 11.8. COMPLIANCE WITH APPLICABLE LAW .................................................107 (A) Compliance Obligation ................................................................107 (B) Sampling, Testing and Laboratory Work 107 (C) Investigations of Non-Compliance 107 (D) Fines, Penalties and Remediation ................................................108 (E) No Nuisance Covenant ................................................................108 SECTION 11.9. OPERATING GOVERNMENTAL APPROVALS .........................................109 (A) Applications and Submittals .......................................................109 (B) Data and Information .................................................................109 (C) Non-Compliance and Enforcement ..............................................110 (D) Reports to Governmental Bodies .................................................110 (E) Potential Regulatory Change .......................................................110 SECTION 11.10. COUNTY ACCESS TO FACILITY ............................................................110 SECTION 11.11. ASSET AND FINANCIAL RECORDS .......................................................111 (A) Facility Records ..........................................................................111 (B) Availability of Facility Records to County 111 (C) Record Documents .....................................................................111 (D) Financial Records .......................................................................111 (E) Company Financial Reports ........................................................112 (F) Inspection, Audit and Adjustment ...............................................112 SECTION 11.12. PERIODIC REPORTS ............................................................................113 (A) Monthly Operations ....................................................................113 (B) Annual Operations and Maintenance Reports 113 (C) Default Reports ..........................................................................113 (D) Permit Communications and Reports ..........................................113 (E) Periodic Audits ...........................................................................113 SECTION 11.13. EMERGENCIES ...................................................................................113 (A) Emergency Plan ..........................................................................113 (B) Emergency Action .......................................................................114 SECTION 11.14. CONTRACT ADMINISTRATION .............................................................114 (A) Administrative Communications .................................................114 (B) Contract Administration Memoranda ..........................................114 (C) Procedures .................................................................................115 (D) Effect .........................................................................................115 SECTION 11.15. COST REDUCTION AND SERVICE IMPROVEMENT 115 ARTICLE XII PERFORMANCE SECTION 12.1. FACILITY PERFORMANCE GENERALLY ...............................................116 (A) Reliance .....................................................................................116 (vii) 487571.8 028493 AGMT (B) Curtailments and Shutdowns .....................................................116 (C) Limitations on Company Rights ..................................................116 SECTION 12.2. ANNUAL FACILITY THROUGHPUT GUARANTEE ...................................116 SECTION 12.3. ANNUAL ELECTRICITY PRODUCTION GUARANTEE .............................116 SECTION 12.4. ENVIRONMENTAL GUARANTEE ...........................................................116 (A) General ......................................................................................116 (B) Company Non-Compliance with Environmental Guarantee 117 (C) Environmental Guarantee, Permits and Uncontrollable Circumstances ...........................................................................117 SECTION 12.5. RESIDUE GUARANTEE ........................................................................117 (A) General ......................................................................................117 (B) Residue Performance Liquidated Damages ..................................118 (C) Procedures for Determining Compliance with Residue Guarantee ..................................................................................118 SECTION 12.6. ENVIRONMENTAL TESTING .................................................................119 SECTION 12.7. COUNTY REMEDIES FOR NON-COMPLIANCE WITH PERFORMANCE GUARANTEES .....................................................................................119 (A) Remedies ....................................................................................119 (B) Performance Testing ...................................................................120 SECTION 12.8. RESIDUE REMOVAL, TRANSPORT AND DISPOSAL; PAYMENT ..............120 SECTION 12.9. ACCEPTABLE RESIDUE DISPOSAL SITE AND DESIGNATED DISPOSAL SITE ....................................................................................................121 (A) Acceptable Residue Disposal Site ................................................121 (B) Required Disposal and County Approval; Designated Residue Disposal Site ..............................................................................121 (C) Changes in Designated Residue Disposal Site .............................121 SECTION 12.10. TESTING .............................................................................................122 SECTION 12.11. ACCIDENTS DURING TRANSPORT .......................................................122 ARTICLE XIII MAINTENANCE, REPAIR AND REPLACEMENT SECTION 13.1. MAINTENANCE, REPAIR AND REPLACEMENT GENERALLY ..................123 (A) Ordinary Maintenance ................................................................123 (B) Repair and Maintenance of Site Grounds ....................................123 (C) Major Maintenance, Repair and Replacements by the Company ...................................................................................123 SECTION 13.2. FACILITIES EVALUATIONS ..................................................................124 (A) Initial and Final Inventory of Vehicles, Rolling Stock, Spare Parts and Consumables ..............................................................124 (B) Baseline Facility Record ..............................................................124 (C) Final Evaluation of the Facility ...................................................124 (D) Required Condition of Facility Structures Upon Return to the County .......................................................................................125 (E) Required Condition of Facility Equipment Upon Return to the County .......................................................................................125 (F) Capital Modifications ..................................................................125 (G) Effect of County Election to Renew ..............................................126 (H) Disputes ....................................................................................126 SECTION 13.3. PERIODIC MAINTENANCE INSPECTIONS .............................................126 (A) Annual Maintenance Inspection ..................................................126 (B) Full-Scale Inspections ................................................................127 (C) Remediation ...............................................................................127 (D) Unscheduled Inspections ............................................................127 (viii) 487571.8 028493 AGMT SECTION 13.4. COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM ...................127 SECTION 13.5. MAINTENANCE, REPAIR AND REPLACEMENT PLAN .............................128 SECTION 13.6. WARRANTIES ......................................................................................128 SECTION 13.7. LOSS, DAMAGE OR DESTRUCTION TO THE FACILITY ..........................128 (A) Prevention and Repair ................................................................128 (B) Insurance and Other Third-Party Payments ................................129 (C) Uninsured Costs .........................................................................129 (D) Repair of County and Private Property .........................................129 ARTICLE XIV CAPITAL MODIFICATIONS SECTION 14.1. CAPITAL MODIFICATIONS GENERALLY ...............................................130 (A) Purpose ......................................................................................130 (B) County Approval .........................................................................130 (C) Party Responsible for Costs ........................................................130 (D) Cost Savings ..............................................................................130 SECTION 14.2. CAPITAL MODIFICATIONS AT COMPANY REQUEST .............................130 SECTION 14.3. CAPITAL MODIFICATIONS DUE TO UNCONTROLLABLE CIRCUMSTANCES ...............................................................................131 SECTION 14.4. CAPITAL MODIFICATIONS AT COUNTY DIRECTION .............................131 SECTION 14.5. PRIMARY PROCEDURE FOR IMPLEMENTING CAPITAL MODIFICATIONS .................................................................................131 (A) Primary Implementation Procedure .............................................131 (B) Preliminary Company Plan and County Review ...........................131 (C) Company Implementation Proposal .............................................132 (D) Negotiation and Finalization of Company Implementation Proposal .....................................................................................133 (E) Implementation Procedures ........................................................133 SECTION 14.6. ALTERNATIVE PROCEDURES FOR IMPLEMENTING CAPITAL MODIFICATIONS .................................................................................133 SECTION 14.7. FINANCING CAPITAL MODIFICATIONS .................................................134 SECTION 14.8. COMPANY NON-IMPAIRMENT RIGHTS .................................................134 ARTICLE XV SERVICE FEE AND OTHER PAYMENTS SECTION 15.1. SERVICE FEE GENERALLY ..................................................................135 SECTION 15.2. SERVICE FEE FORMULA .....................................................................135 SECTION 15.3. BASE OPERATION FEE ........................................................................135 SECTION 15.4. EXCESS OPERATION FEE ...................................................................135 SECTION 15.5. PASS THROUGH COSTS ......................................................................136 SECTION 15.6. ENERGY REVENUE CREDIT ................................................................137 SECTION 15.7. EXTRAORDINARY ITEMS CHARGE OR CREDIT ....................................138 SECTION 15.8. CPI ADJUSTMENT FACTOR .................................................................138 SECTION 15.9. COMPANY NON-PERFORMANCE - THROUGHPUT ................................139 (A) Company Non-Compliance ..........................................................139 (B) Billing Period Throughput Performance Debits ............................139 (C) Billing Period Throughput Performance Credits ...........................140 (D) Establishment of Record-Keeping Accounts .................................140 (E) Throughput Performance Damages Account ................................140 (F) Throughput Performance Credit Account ....................................140 (ix) 487571.8 028493 AGMT (G) Billing Period Debits and Throughput Performance Liquidated Damages ...................................................................141 (H) Billing Period Throughput Performance Credits ...........................142 (I) Annual Facility Throughput Liquidated Damages ........................142 (J) Annual Lapse of Unused Billing Period Throughput Performance Credits ...................................................................144 SECTION 15.10. COMPANY NON-PERFORMANCE - ELECTRICITY PRODUCTION ...........144 (A) Billing Period Determination of Performance ...............................144 (B) Billing Period Electricity Production Debits .................................144 (C) Billing Period Electricity Production Credits ................................145 (D) Establishment of Record-Keeping Accounts .................................145 (E) Electricity Production Damages Account .....................................145 (F) Electricity Production Credit Account ..........................................145 (G) Billing Period Debits and Annual Electricity Production Liquidated Damages ...................................................................145 (H) Billing Period Electricity Production Credits ................................146 (I) Annual Electricity Production Liquidated Damages .....................147 SECTION 15.11. DAMAGE ADJUSTMENTS TO ACCOUNT FOR WASTE BTU CONTENT OUTSIDE DESIGN RANGE AND WASTE SHORTFALLS ..........................148 (A) Waste Btu Content Outside Design Range ...................................148 (B) Waste Shortfalls .........................................................................149 (C) Delivery Shortfall; County Non-Performance ................................149 SECTION 15.12. BILLING AND PAYMENT .......................................................................149 (A) Billing ........................................................................................149 03) Payment .....................................................................................150 SECTION 15.13. ESTIMATES AND ADJUSTMENTS ........................................................150 (A) Pro Rata Adjustments .................................................................150 (B) Budgeting ...................................................................................150 (C) Adjustment to Service Fee ...........................................................150 SECTION 15.14. ANNUAL SETTLEMENT ........................................................................150 SECTION 15.15 BILLING STATEMENT DISPUTES .........................................................151 SECTION 15.16. TAXES .................................................................................................151 ARTICLE XVI BREACH, DEFAULT, REMEDIES AND TERMINATION SECTION 16.1. REMEDIES FOR BREACH ....................................................................152 SECTION 16.2. EVENTS OF DEFAULT BY THE COMPANY ............................................152 (A) Events of Default Not Requiring Previous Notice or Further Cure Opportunity for Termination ...............................................152 (B) Events of Default Requiring Previous Notice and Cure Opportunity for Termination .......................................................153 (C) Other Remedies Upon Company Event of Default ........................154 SECTION 16.3. LIMITATION OF LIABILITY BY COMPANY ..............................................154 (A) Monetary Limit, Generally ........................................................154 (B) Exclusions SECTION 16.4. EVENTS OF DEFAULT BY THE COUNTY ...............................................155 (A) Events of Default Permitting Termination ....................................155 (B) Notice and Cure Opportunity ......................................................155 (C) Termination Liquidated Damages During the Operation Period ........................................................................................156 SECTION 16.5. COUNTY CONVENIENCE TERMINATION DURING THE OPERATION PERIOD ...............................................................................................156 (A) Termination Right and Fee ..........................................................156 (x) 487571.8 028493 AGMT (B) Uncontrollable Circumstances ....................................................156 (C) Payment of Amounts Owing Through the Termination Date .........157 (D) Termination Fee Payment Contingent Upon Surrender of Possession .................................................................................157 (E) Adequacy of Termination Payment ..............................................157 (F) Consideration for Convenience Termination Payment ..................157 (G) Completion or Continuance by County ........................................157 SECTION 16.6. OBLIGATIONS OF THE COMPANY UPON TERMINATION OR EXPIRATION ........................................................................................15 7 (A) Company Obligations .................................................................157 (B) Hiring of Company Personnel ......................................................159 (C) Continuity of Service and Technical Support ...............................159 (D) Company Payment of Certain Costs ............................................160 (E) County Payment of Certain Costs ................................................160 (F) Exit Test .....................................................................................160 SECTION 16.7. SURVIVAL OF CERTAIN PROVISIONS UPON TERMINATION ..................161 SECTION 16.8 NO WAIVERS .......................................................................................161 SECTION 16.9. NO CONSEQUENTIAL OR PUNITIVE DAMAGES ....................................161 SECTION 16.10. FORUM FOR DISPUTE RESOLUTION ...................................................161 SECTION 16.11. NON-BINDING MEDIATION ..................................................................162 (A) Rights to Request and Decline ....................................................162 (B) Procedure ...................................................................................162 (C) Non-Binding Effect .....................................................................162 (D) Relation to Judicial Legal Proceedings .........................................162 ARTICLE XVII INSURANCE, UNCONTROLLABLE CIRCUMSTANCES AND INDEMNIFICATION SECTION 17.1. INSURANCE ........................................................................................163 (A) Company Insurance ...................................................................163 (B) Insurers, Deductibles and County Rights ....................................163 (C) Certificates, Policies and Notice ...................................................163 (D) Maintenance of Insurance Coverage ............................................164 SECTION 17.2. UNCONTROLLABLE CIRCUMSTANCES ................................................164 (A) Relief from Obligations ................................................................164 (B) Notice and Mitigation ..................................................................164 (C) Conditions to Performance, Design/Build Price, Service Fee or Schedule Relief .......................................................................165 (D) Capital Modifications ..................................................................166 (E) Acceptance of Adjustment Constitutes Release ............................166 SECTION 17.3. INDEMNIFICATION BY THE COMPANY .................................................167 SECTION 17.4. INDEMNIFICATION BY THE COUNTY ...................................................167 ARTICLE XVIII SECURITY FOR PERFORMANCE SECTION 18.1. GUARANTOR .......................................................................................169 (A) Guaranty Agreement ..................................................................169 (B) Material Decline in Guarantor's Credit Standing .........................169 (C) Credit Enhancement ...................................................................169 (D) Annual Reports ..........................................................................169 SECTION 18.2. BONDS ................................................................................................169 (xi) 487571.8 028493 AGMT (A) Construction Payment and Performance Bond .............................169 (B) Monitoring of Sureties ................................................................170 SECTION 18.3. LETTER OF CREDIT .............................................................................170 (A) Requirements .............................................................................170 (B) Drawings for Non-Renewal or Bankruptcy ...................................170 (C) Drawings for Termination ...........................................................171 (D) Drawings for Material Breach ......................................................171 (E) Effect of Final Determination of Damages ....................................171 SECTION 18.4. COSTS OF PROVIDING SECURITY FOR PERFORMANCE ......................172 (A) Inclusion in Service Fee ..............................................................172 ARTICLE XIX MISCELLANEOUS PROVISIONS SECTION 19.1. RELATIONSHIP OF THE PARTIES .........................................................173 SECTION 19.2. [RESERVED] ........................................................................................173 SECTION 19.3. PROPERTY RIGHTS .............................................................................173 (A) Protection from Infringement ......................................................173 (B) Intellectual Property Developed by the Company .........................173 SECTION 19.4. PROPRIETARY INFORMATION .............................................................174 (A) Non-Disclosure ...........................................................................174 (B) Authorized Disclosures ...............................................................174 SECTION 19.5. INTEREST ON OVERDUE OBLIGATIONS ..............................................174 SECTION 19.6. COST SUBSTANTIATION ......................................................................175 (A) Substantiating Non-Fixed Costs ..................................................175 (B) Cost Substantiation Certificate ...................................................175 (C) Technical Services ......................................................................175 (D) Mark-Up ....................................................................................176 (E) Evidence of Costs Incurred .........................................................176 SECTION 19.7. SUBCONTRACTORS ............................................................................176 (A) Use Restricted ............................................................................176 (B) Limited County Review and Approval of Permitted Subcontractors ...........................................................................176 (C) Subcontract Terms and Subcontractor Actions ............................177 (D) Indemnity for Subcontractor Claims ...........................................177 (E) Assignability, ............................................................................177 SECTION 19.8. ACTIONS OF THE COUNTY IN ITS GOVERNMENTAL CAPACITY 177 (A) Rights as Government Not Limited ..............................................177 (B) No County Obligation to Issue Governmental Approvals ..............177 SECTION 19.9. ASSIGNMENT ......................................................................................178 (A) By the Company .........................................................................178 (B) By the County ............................................................................178 SECTION 19.10. PRACTICABILITY OF PERFORMANCE OF THE FACILITY .......................178 SECTION 19.11. FACILITYTOURS .................................................................................179 SECTION 19.12. COMPLIANCE WITH MATERIAL AGREEMENTS ....................................179 SECTION 19.13. BINDING EFFECT ................................................................................179 SECTION 19.14. AMENDMENT AND WAIVER .................................................................179 SECTION 19.15. NON-DISCRIMINATION ........................................................................179 SECTION 19.16. NOTICES .............................................................................................179 (A) Procedure ...................................................................................179 (B) Company Notice Address ............................................................180 (C) County Notice Address ................................................................180 SECTION 19.17. NOTICE OF LITIGATION .......................................................................180 SECTION 19.18. FURTHER ASSURANCES .....................................................................180 (xii) 487571.8 028493 AGMT APPENDICES 1. Governmental Approvals 2. Performance Guarantees [To be Developed and Finalized Based on Final Technical Proposals] 3. Technical Specifications 4. Construction Requirements 5. Design/ Build Quality Management Plan [To be Developed and Finalized Based on Final Technical Proposals] 6. Pre-Acceptance Testing Requirements and Acceptance Test Procedures and Standards 7. Design/Build Work Review Procedures and Submittals 8. Facility Operation, Maintenance, Repair and Replacement (Operation and Maintenance Plan) [To be Developed and Finalized Based on Final Technical Proposals] 9. Project Schedules 10. Milestone Payment and Construction Progress [To be Developed and Finalized Based on Final Proposals] 11. Maximum Electricity Utilization Guarantee (from Price Proposal Form 18) [To be Developed and Finalized Based on Final Technical Proposals] 12. Construction Period and Operation Period Price Escalation Indices 13. Staffing Plan and Subcontractors [To be Developed and Finalized Based on Final Business Proposals] 14. Required Insurance 15. Prevailing Wages 16. Asset Evaluation Protocol 17. Exit Test Procedures and Standards 18. Description of Site (Xiii) 487571.8 028493 AGMT REFERENCE DOCUMENTS 1. EISPN/DEIS 2. [RESERVED] 3. [RESERVED] TRANSACTION FORMS A. Form of Guaranty Agreement B. Form of Construction Payment and Performance Bond C. Form of Letter of Credit D. Form of Technology Supply Agreements E. Form of Confidentiality Agreement (xiv) 487571.8 028493 AGMT SERVICE CONTRACT FOR THE DESIGN, CONSTRUCTION AND OPERATION OF THE COUNTY OF HAWAII SOLID WASTE REDUCTION FACILITY THIS SERVICE CONTRACT FOR THE DESIGN, CONSTRUCTION AND OPERATION OF THE COUNTY OF HAWAII SOLID WASTE REDUCTION FACILITY is made and entered into as of this _ day of , 2008 between the County of Hawaii, a body politic and corporate of the State of Hawaii (the "County") and Wheelabrator Technologies Inc., a corporation organized and existing under the laws of the State of Delaware and authorized to do business in the State of Hawaii (the "Company"). RECITALS (A) The County of Hawaii (the "County") currently utilizes two County-owned landfills to dispose of all municipal solid waste generated within the geographic boundaries of the County. The South Hilo Landfill which services waste generation on the east side of the County and the Pu uanahulu Landfill which provides disposal capacity for waste generated on the west side of the County. (B) It is currently anticipated that the South Hilo Landfill will exhaust its capacity by the end of 2010 or shortly thereafter. (C) The County desires to minimize the transportation of waste generated on the east side of the County to the Pu'uanahulu Landfill upon the closure of the South Hilo Landfill due to the environmental and social impacts that would result from such transportation activity. (D) The County undertook an extensive evaluation and planning process to determine the disposal methodology that was most advantageous for the County upon closure of the South Hilo Landfill. (E) The County's Integrated Solid Waste Management Plan which was amended in 2000 provides that the most advantageous disposal methodology for the County is to develop a solid waste reduction facility in the County. (F) The County has determined that it is in the County's best interests to contract with a private entity to permit, design, construct, start up, acceptance test, operate, maintain and repair a new solid waste reduction facility. 1 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article III - Conditions Precedent (G) Pursuant to Division 1, Title 9, Chapter 103D of the Hawaii Revised Statutes (the "Act"), the County is authorized to conduct a procurement process to select a private entity to provide the Contract Services. (H) The first phase of the procurement process was the issuance of a Stage I Request for Proposals ("RFP") by the County in December 28, 2005. Following an evaluation of the statements of qualifications submitted in response to the Stage I RFP based upon the criteria set forth in the Stage I RFP, the County selected three firms to whom it would issue a Stage II RFP. (I) On October 16, 2006, the County undertook the second phase of the competitive process by issuing to the proposers a Stage II RFP with respect to the desired services. Stage II RFP Addenda were issued on January 19, 2007; February 8, 2007; and March 15, 2007. (J) Proposals submitted in response to the Stage II RFP were received on April 15, 2007 from two firms. (K) The County requested and received written clarifications of the proposals in accordance with the Stage II RFP. (L) The final proposals were reviewed by the County's evaluation committee. (M) The evaluation committee determined that the proposal submitted by Wheelabrator Technologies, Inc. was the most advantageous proposal received in response to the County's Stage II RFP. (N) Waste Management, Inc., a company that owns 100% of the Company's stock, will guarantee the payment and performance of the obligations of the Company under the Service Contract pursuant to a guaranty agreement executed concurrently herewith. (O) The County desires to receive, and the Company desires to provide, the Contract Services under the terms of this Service Contract. NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto, intending to be legally bound, agree as follows: 2 487571.8 028493 AGMT ARTICLE I DEFINITIONS AND INTERPRETATION SECTION 1.1. DEFINITIONS. As used in this Service Contract the following terms shall have the meanings set forth below: "Acceptable Residue Disposal Site" has the meaning specified in Section 12.9. "Acceptance" means demonstration by the Company in accordance with Article VIII hereof and Appendix 6 that the Acceptance Tests have been conducted, the Acceptance Test Procedures and Standards have been achieved and the other Acceptance Date Conditions set forth in Section 8.4 have been achieved. "Acceptance Date" means the date on which the Acceptance has occurred or is deemed to have occurred under Section 8.5. "Acceptance Date Conditions" has the meaning specified in Section 8.4. "Acceptance Test Plan" has the meaning specified in Appendix 6. "Acceptance Test Procedures and Standards" or "Acceptance Standard" means the test procedures and standards for Acceptance as set forth in Appendix 6. "Acceptance Tests" or "Acceptance Testing" means the tests required for Acceptance as set forth in Appendix 6. "Act" means Division 1, Title 9, Chapter 103D of the Hawaii Revised Statutes, as amended, supplemented, superseded and replaced from time to time. "Affiliate" means any person directly or indirectly controlling or controlled by another person, corporation or other entity or under direct or indirect common control with such person, corporation or other entity. "Aggregate Billing Period" means, as of any date of determination during the Term hereof, all Billing Periods from the first Billing Period hereunder through the end of the Billing Period ending on or most recently prior to such date of determination. "Alternative Waste Disposal Site" has the meaning specified in Section 10.2(H). "Annual Electricity Price" means, for any Contract Year, the average price (expressed in dollars/kWh) for electricity which is actually payable by the Power Purchaser during such Contract Year for electricity purchased under the Power Purchase Agreement, calculated by dividing the total sum payable thereunder for purchased electricity during the Contract Year (prior to any deductions, offsets, holdbacks, damages, or other reductions allowed under the Power Purchase Agreement) by the total amount (kWh) of electricity actually delivered to the Power Purchaser during the Contract Year. 3 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Annual Electricity Production" means, for any Contract Year, the per-Ton average amount of exportable electricity actually produced by the Facility during such Contract Year, calculated by dividing (1) the total amount of electricity produced by the Facility during such Contract Year and available, after use in the Facility, for sale to the Power Purchaser, by (2) the Annual Facility Throughput. "Annual Electricity Production Guarantee" means, for any Contract Year, the production of electricity available for sale, after use in the Facility, of [the annual average kWh/ton specified in the BAFO], as adjusted for Btu content in accordance with Appendix 2. "Annual Electricity Production Liquidated Damages" means the amounts so designated which are calculated in accordance with Section 15.10. "Annual Facility Throughput" means, for any Contract Year, the Tonnage actually combusted by the Facility in accordance with this Service Contract. "Annual Facility Throughput Guarantee" has the meaning specified in Section 12.2. "Annual Facility Throughput Liquidated Damages" has the meaning specified in Section 15.9(I). "Annual Operating Plan" means the annual operating plan established, adopted and revised in accordance with Section 10.3(A). "Annual Settlement Statement" has the meaning specified in Section 15.14. "Annual Waste Delivery Commitment" has the meaning specified in Section 10.1. "Appendix" means any of the Appendices attached to this Service Contract and identified as such in the Table of Contents, as the same may be amended or modified from time to time in accordance with the terms hereof. "Applicable Law" means: (1) any federal, state or local law, code or regulation; (2) any formally adopted and generally applicable rule, requirement, determination, standard, policy, implementation schedule or other order of any Governmental Body having appropriate jurisdiction; (3) any established interpretation of law or regulation utilized by an appropriate Governmental Body if such interpretation is documented by such Governmental Body and generally applicable; (4) any Governmental Approval; and (5) any Governmental Approval, in each case having the force of law and applicable from time to time to: (a) to the siting, design, acquisition, construction, equipping, financing, ownership, possession, start up, testing, operation, maintenance, repair, replacement or management of municipal solid waste reduction systems, including the Facility; (b) to the air and odor emissions therefrom; (c) to the 4 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation transfer, handling, processing, transportation or disposal of Non-Processible Waste, residue i and other by-products produced thereby; or (d) to any other transaction or matter contemplated hereby (including, without limitation, any of the foregoing which pertain to solid waste reduction, waste disposal, health, safety, fire, environmental protection, labor relations, building codes, the payment of prevailing or minimum wages and non-discrimination). "Authorized Representative" means the authorized representative for either party designated pursuant to subsection 7.1(D). "Available Billing Period Processible Waste" means the sum of (1) the amount of Processible Waste delivered to the Facility and accepted by the Company in any Billing Period, plus (2) the amount of Processible Waste which the Company wrongfully refuses to accept at the Facility in any Billing Period as provided in Section 10.2. "Bankruptcy Code" means the United States Bankruptcy Code, 11 U.S.C. 101 et sue., as amended from time to time and any successor statute thereto. "Bankruptcy Code" shall also include (1) any similar state law relating to bankruptcy, insolvency, the rights and remedies of creditors, the appointment of receivers or the liquidation of companies and estates that are unable to pay their debts when due, and (2) in the event the Guarantor is incorporated or otherwise organized under the laws of a jurisdiction other than the United States, any similar insolvency or bankruptcy code applicable under the laws of such jurisdiction. "Baseline Facility Record" has the meaning specified in subsection 13.2(B). "Base Operation Fee" means the annual amount payable to the Company, pursuant to Section 15.3, for the operation and maintenance (including repair and replacement) of the Facility and the combustion of Processible Waste in amounts up to 73,000 Tons per year in accordance with the requirements hereof. "Billing Period" means each calendar month. With respect to the Facility, the first Billing Period shall begin on the Acceptance Date and shall continue to the last day of the month in which the Acceptance Date occurs and the last Billing Period shall end on the last day of the Term of this Service Contract. Any computation made on the basis of a Billing Period shall be adjusted on a pro rata basis to take into account any Billing Period of less than the actual number of days in the month to which such Billing Period relates. "Billing Period Electricity Price" means, for any Billing Period, the average price (expressed in dollars/kWh) for electricity which is actually payable by the Power Purchaser during such Billing Period for electricity purchased under the Power Purchase Agreement (including capacity and the value of renewable energy credits or certificates if purchased by the Power Purchaser in accordance with the Power Purchase Agreement), calculated by dividing the total sum payable thereunder for purchased electricity during the Billing Period (prior to any 5 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation deductions, offsets, holdbacks, damages, or other deductions allowed under the Power Purchase Agreement) by the total amount (kWh) of electricity actually delivered to the Power Purchaser during the Billing Period. "Billing Period Electricity Production" means, for any Billing Period, the per-Ton average amount of exportable electricity actually produced by the Facility during the Billing Period, calculated by dividing (1) the total amount of electricity produced by the Facility during such Billing Period and available, after use in the Facility, for sale to the Power Purchaser, by (2) the Billing Period Throughput. "Billing Period Electricity Production Credit" has the meaning specified in subsection 15.10(C). "Billing Period Electricity Production Debit" has the meaning specified in subsection 15.10(B). "Billing Period Electricity Production Deficiency" has the meaning specified in subsection 15.10(A). "Billing Period Electricity Production Surplus" has the meaning specified in subsection 15.10(A). "Billing Period Throughput" means, for any Billing Period, the Tonnage actually combusted by the Facility in accordance with this Service Contract. "Billing Period Throughput Performance Credit" has the meaning specified in Section 15.9(C). "Billing Period Throughput Performance Debit" has the meaning specified in Section 15.9(B). "Billing Period Throughput Deficiency" has the meaning specified in Section 10.2(D). "Billing Period Throughput Guarantee" has the meaning specified in Section 10.2(C). "Billing Period Throughput Surplus" has the meaning specified in Section 10.2(D). "Bypass Processible Waste" means Processible Waste delivered or available for delivery to the Facility which the Company wrongfully refuses to accept or combust at the Facility as provided in Section 10.2. "Capital Modification" means any material change to the Facility including the installation of new structures, equipment, systems or technology following Acceptance. If a 6 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation replacement of any part of the Facility made by the Company pursuant to its obligations under i Article XIV results in a material change to the Facility, such replacement shall be considered to be a Capital Modification. "CEM" means continuing emissions monitoring using the equipment provided therefore in the Design Requirements. "CERCLA" means the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. 9601 et se , and applicable regulations promulgated thereunder, each as amended from time to time. "Change in Law" means any of the following acts, events or circumstances to the extent that compliance therewith materially interferes with or materially increases the cost of performance of its obligations hereunder or materially increases the scope of a party's obligations hereunder: (a) the adoption, amendment, promulgation, issuance, modification, repeal or written change in (i) administrative or (ii) judicial interpretation of any Applicable Law on or after the Contract Date, unless such Applicable Law was on or prior to the Contract Date duly adopted, promulgated, issued or otherwise officially modified or changed in interpretation, in each case in final form, to become effective without any further action by any Governmental Body; or (b) the order or judgment of any Governmental Body issued on or after the Contract Date (unless such order or judgment is issued to enforce compliance with Applicable Law which was effective as of the Contract Date) to the extent such order or judgment is not the result of willful or negligent action, error or omission or lack of reasonable diligence of the Company or of the County, whichever is asserting the occurrence of a Change in Law; provided, however, that the contesting in good faith or the failure in good faith to contest any such order or judgment shall not constitute or be construed as such a willful or negligent action, error or omission or lack of reasonable diligence; or (c) except with respect to any Governmental Approval required for the construction and operation of the Facility as provided within (i) - (ii) below pertaining to exclusions from "Change in Law", the denial of an application for, a delay in the review, issuance or renewal of, or the suspension, termination, or interruption of any Governmental Approval, or the imposition of a term, condition or requirement which is more stringent or burdensome than the Contract Standards in connection with the issuance, renewal or failure of issuance or renewal of any Governmental Approval, to the extent that such occurrence is not the result of willful or negligent action, error or omission or a lack of reasonable diligence of the Company or of the County, whichever is asserting the occurrence of a Change in Law; 7 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation provided, however, that the contesting in good faith or the failure in good faith to contest any such occurrence shall not be construed as such a willful or negligent action or lack of reasonable diligence. It is specifically understood, however, that none of the following shall constitute a "Change in Law": (i) a change in the nature or severity of the actions typically taken by a Governmental Body to enforce compliance with Applicable Law which was effective as of the Contract Date; (ii) acts, events and circumstances with respect to which the Company has assumed the permitting risk relating to the Facility under Sections 5.2 and 7.3; or (iii) a change in any tax or similar law regarding taxes or similar charges not included as Fixed Design/Build Price Adjustments or Pass Through Costs under Sections 9.1 or 15.5, except that a change in any tax law that is specific to operators of waste-to-energy facilities (and not other types of operators), shall constitute a Change in Law. "Change Order" means a written order to the Company issued and signed by the County after execution of this Service Contract, authorizing or requiring: (i) Extra Design/Build Work, or a deletion or omission from or modification to the Design/Build Work, pursuant to Section 7.6; (ii) an increase or reduction in the Fixed Design/Build Price; or (iii) any other change in this Service Contract prior to the Acceptance Date (including any change in the Design Requirements). "Closeout Requirements" means the Company's obligations for closing out the Construction Period Work and completing documentation of the Construction Period Work pursuant to this Service Contract (including such matters as submittal of record drawings, surveys, and manuals; cleanup and removal of construction materials and debris; and all other matters which this Service Contract requires the Company to do and perform as part of the completion of the Company's Construction Period Work obligations. "CMMS" has the meaning specified in subsection 11.4(A). "Communication Plan" means the document that describes, in detail, the Company's approach to communicating and coordinating with the County's technical staff, as well as the County's on-site project management staff during each project phase. "Company" means Wheelabrator Technologies Inc., a corporation organized and existing under the laws of Delaware, and its permitted successors and assigns. 8 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Company Fault" means any breach (including the untruth or breach of any Company representation or warranty herein set forth), failure, non-performance or non- compliance by the Company with respect to its obligations and responsibilities under this Service Contract to the extent not directly attributable to any Uncontrollable Circumstance or County Fault, and which materially and adversely affects the County's right and obligations or ability to perform under this Service Contract. "Construction Commencement Date" means the first date on which all of the Construction Commencement Date Conditions set forth in Section 4.2 shall be satisfied or waived, as agreed to in writing by the parties pursuant to Section 4.3 and the Notice to Proceed with construction of the Facility is issued. "Construction Commencement Date Conditions" has the meaning set forth in Section 4.3 hereof. "Construction Manager" has the meaning specified in subsection 7.9(B). "Construction Payment and Performance Bond" means the surety bond which shall be provided for in accordance with Section 18.2 and substantially in the form set forth in the Transaction Forms. "Construction Period" means the period from and including the Construction Commencement Date to the Acceptance Date. "Construction Period Work" means all work required to be conducted during the Construction Period, including successful completion of design, construction, Acceptance Testing, preparation of Operation and Maintenance Manual and other plans, and completion of Company staff training. "Consumables" means those materials, supplies and similar consumables used in connection with the operation of the Facility, which may include fuel oil, diesel fuel, liquid chlorine, liquid sulfur dioxide, liquid defoament, quick lime, activated carbon, lubricants, polymers, office supplies and other chemicals, fuels, materials, supplies and similar consumables. "Consumer Price Index" or "CPI" means the final non-seasonably adjusted Consumer Price Index as reported by the U.S. Department of Labor, Bureau of Labor Statistics, for All Urban Consumers, for the Hawaii Region. "Contract Administration Memorandum" has the meaning set forth in subsection 11.14(B). "Contract Date" means the date this Service Contract is executed and delivered by the parties hereto. 9 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Contract Representative" means, in the case of the Company, the individual specified in writing by the Company as the representative of the Company from time to time for all purposes of this Service Contract and, in the case of the County, the Director of Environmental Management Services or such other representative as shall be designated in writing by the Director of Environmental Management Services from time to time. "Contract Services" means the Design/Build Work and the Operation Services. "Contract Standards" means the standards, terms, conditions, methods, techniques and practices imposed or required by: (1) Applicable Law; (2) the Design Requirements; (3) the Performance Guarantees; (4) Good Engineering and Construction Practice; (5) Good Industry Practice; (6) the Design/Build Quality Management Plan; (7) the Operation and Maintenance Manual; (8) applicable equipment manufacturers' specifications (provided, however, that once equipment is beyond the warranty period, the Company shall not be required to comply with equipment manufacturers' specifications upon receiving the written approval of the County, which approval shall not be unreasonably withheld); (9) applicable Insurance Requirements; and (10) any other standard, term, condition or requirement specifically provided in this Service Contract to be observed by the Company. Subsection 1.2(N) shall govern issues of interpretation related to the applicability and stringency of the Contract Standards. "Contract Year" means the County's fiscal year commencing on July 1 in any year and ending on June 30 of such year; provided, however, that with respect to operations of the Facility, the first Contract Year shall commence on the Acceptance Date and shall end on the following June 30, and the last Contract Year shall commence on July 1 prior to the date this Service Contract expires or is terminated, whichever is appropriate, and shall end on the last day of the Term of this Service Contract or the effective date of any termination, whichever is appropriate. Any computation made on the basis of a Contract Year shall be adjusted on a pro rata basis to take into account any Contract Year of less than 365 or 366 days, whichever is applicable. "Cost Substantiation" has the meaning specified in Section 19.6. "County" means County of Hawaii, Hawaii. "County Engineer" means either (1) an engineer employed by the County or (2) a qualified consulting engineer or firm of consulting engineers, having experience with respect to the design, construction, testing, operation, maintenance, repair, replacement and management of solid waste reduction facilities, in either case designated as the County Engineer from time to time in writing by the County. 10 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "County Fault" means any breach (including the untruth or breach of any County representation or warranty herein set forth), failure, non-performance or non- compliance by the County under this Service Contract with respect to its obligations and responsibilities under this Service Contract to the extent not directly attributable to any Uncontrollable Circumstance or Company Fault, and which materially and adversely affects the Company's rights, obligations or ability or costs to perform under this Service Contract. "County Indemnitee" has the meaning specified in Section 17.3. "County Landfill" means the County-owned Pu uanahulu Landfill. "County Property" means any structures, improvements, equipment, fire alarm systems, valves, pumping systems, hydrants, hydrant connections, duct lines, lamps, lampposts, monuments, sidewalks, curbs, trees, lawns, roadways, utilities or any other systems, fixtures, or real or personal property owned, leased, operated, maintained, or occupied by the County including the scales and Reload Building. "CPI Adjustment Factor" has the meaning specified in Section 15.8. "Deliverable Material" means all documents, reports, warranties, manuals, submittals, licenses and other materials required to be delivered by the Company to the County pursuant to this Service Contract. "Delivery Shortfall Liquidated Damages" has the meaning specified in subsection 15.11(C). "Designated Residue Disposal Site" means the Pu'uanahulu Landfill, or such other site designated by the County. "Design/Build Period" means the period of time from the Contract Date through the Acceptance Date and includes, both, the Development Period and the Construction Period. "Design/Build Price" means the Fixed Design/Build Price as adjusted pursuant to subsection 9.2(C) (which includes, both, the Fixed Development Price and the Fixed Construction Period Price). "Design/Build Quality Management Plan" means the quality assurance and quality control requirements set forth in Appendix 5. "Design/Build Work" means the employment and furnishing of all labor, materials, equipment, supplies, tools, scaffolding, transportation, Utilities, insurance, temporary facilities and other things and services of every kind whatsoever necessary for the full performance and completion of the Company's design, engineering, construction, start-up, shakedown, Acceptance Testing, obtaining Governmental Approvals and related obligations 11 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation with respect to the construction of the Facility during the Development Period and the Construction Period under this Service Contract, including all completed structures, assemblies, fabrications, acquisitions and installations, all commissioning and testing, and all of the Company's administrative, accounting, record-keeping, notification and similar responsibilities of every kind whatsoever under this Service Contract pertaining to such obligations. A reference to Design/Build Work shall mean any part and all of the Design/Build Work unless the context otherwise requires (and shall include all Extra Design/Build Work authorized by Change Order). "Design Package" has the meaning specified in Appendix 7. "Design Requirements" means the design requirements for the Facility set forth in Appendices 2 and 3, as the same may be changed or modified in accordance herewith. "Development Period" means the period from and including the Contract Date to the Construction Commencement Date. "Development Period Responsibilities" means the Company's responsibilities and/or the County's responsibilities with respect to the Development Period under Section 4.2 hereof. "Development Period Work" means everything required to be furnished and done for and relating to the Facility by the Company pursuant to this Service Contract during the Development Period. Development Period Work shall mean any part and all of the Development Period Work unless the context otherwise requires. "Disputed Work" has the meaning set forth in subsection 7.6(H). "DOH" means the Hawaii State Department of Health or any predecessor or successor agency. "Electricity Production Credit Account" has the meaning specified in subsection 15.10(D). "Electricity Production Damages Account" has the meaning specified in subsection 15.10(E). "Encumbrances" means any Lien, lease, mortgage, security interest, charge, judgment, judicial award, attachment or encumbrance of any kind with respect to the Facility, other than Permitted Encumbrances. "Energy Revenue Credit" has the meaning specified in Section 15.6. 12 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Engineer of Record" means the registered professional engineer (persons or i entities) employed by the Company and under whose direction the design of the Facility is prepared. "Environmental Guarantee" means the Company's guarantee that, in the performance of the Contract Services, it will comply with all odor, noise, lighting, dust, air quality, traffic, run-off and other environmental requirements under Applicable Law and environmental mitigation measures, as further described in Section 12.4 and Appendix 2. "Environmental Performance Obligations" has the meaning specified in Section 12.4(B). "EPA" or "USEPA" means the United States Environmental Protection Agency and any successor agency. "Event of Default" means, with respect to the Company, those items specified in Section 16.2 and, with respect to the County, those items specified in Section 16.4. "Excess Operation Fee" means [To be provided in BAFO]] per Ton of Processible Waste, the amount payable to the Company for the combustion of Processible Waste in excess of [73,000] Tons per year. "Excess Processible Waste" has the meaning specified in Section 10.2(A). "Exit Test Procedures and Standards" means the test procedures and standards regarding the Facility to be conducted by the Company prior to termination or expiration of this Service Contract as set forth in Appendix 17. "Extension Period" means the period commencing on the day after the Scheduled Acceptance Date and ending 360 days following the Scheduled Acceptance Date, or in the event of one or more delays caused by Uncontrollable Circumstances, County-requested Change Orders or County Fault occurring during such period, the date which is the next business day following the date calculated by adding to the Scheduled Acceptance Date the aggregate number of days of such delay. "Extra Design/Build Work" means any Design/Build Work ordered by the County pursuant to Section 7.6 in addition to the Design/ Build Work originally required hereunder. "Extraordinary Items" has the meaning specified in Section 15.7. "Extra Payment" has the meaning specified in subsection 7.6(B). "Facility" means the solid waste reduction facility to be designed, constructed and acceptance tested by the Company in accordance with the Design Requirements, 13 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation consisting generally of (i) the receiving pit, waste feed systems, combustion units, boilers, electric generation equipment, Residue handling equipment, air pollution control equipment, auxiliary and control equipment, all other components of the combustion train; (ii) all other buildings, structures, fixtures and equipment appurtenant thereto, utilized for Solid Waste reduction, processing of Non-Processible Waste, treatment of ash, and disposal of Residue; (iii) all roads, grounds, fences and landscaping appurtenant thereto, utilized for Solid Waste processing; and (iv) administration and management of the Facility, including any Capital Modifications made thereto from time to time. "Facility Equipment" means all manufactured equipment, property or assets, whether or not constituting personal property or fixtures other than Facility Structures, constituting part of the Facility, including, without limitation, the waste feed systems, combustion units, boilers, electric generation equipment, Residue handling equipment, air and pollution control equipment. "Facility Manager" has the meaning specified in Section 11.3. "Facility Performance Obligations" means the Facility Throughput Performance Liquidated Damages, Annual Electricity Production Liquidated Damages, Residue Performance Liquidated Damages and Environmental Performance Obligations. "Facility Registry" has the meaning specified in subsection 13.2(C). "Facility Structures" means all structures, buildings and all appurtenances, other than Facility Equipment, constituting part of the Facility. "Facility Throughput Performance Liquidated Damages" has the meaning specified in subsection 15.10(G). "Federal Energy Regulatory Commission" means the U.S. Federal Energy Regulatory Commission. "Fees and Costs" means reasonable fees and expenses of employees, attorneys, architects, engineers, expert witnesses, contractors, consultants and other persons, and costs of transcripts, printing of briefs and records on appeal, copying and other reimbursed expenses, and expenses reasonably incurred in connection with investigating, preparing for, defending or otherwise appropriately responding to any Legal Proceeding. "Final Completion" means completion of the Design/Build Work in compliance with the Design Requirements and the requirements of Section 8.11. "Final Design" means the detailed plans and specifications necessary and sufficient to allow complete construction of the Facility in conformance with the requirements of this Service Contract. 14 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Final Punch List" has the meaning specified in subsection 8.2(B). i "Fixed Construction Period Price" means [AS PROPOSED ON PRICE PROPOSAL FORM 16 OF THE BAFO] (as such amount may be adjusted in accordance with 9.1(Q. "Fixed Construction Period Price Adjustment Factor" has the meaning set forth in Appendix 12. "Fixed Design/ Build Price" has the meaning specified in subsection 9.1(B). "Fixed Design/Build Price Adjustments" has the meaning specified in subsection 9.1(C). "Fixed Development Price" means [AS PROPOSED ON PRICE PROPOSAL FORM 16 OF THE BAFO] "General Bond Resolution" means the general bond resolution to be adopted by the County, pursuant to which the County shall issue indebtedness described therein in the amount of the Design-Build Price to finance the capital costs of the Facility. "Good Engineering and Construction Practice" means those methods, techniques, standards and practices which, at the time they are to be employed and in light of the circumstances known or reasonably believed to exist at such time, are generally recognized and accepted as good design, engineering, equipping, installation, construction and commissioning practices for the design, construction and improvement of capital assets in the municipal solid waste reduction industry in the United States and taking into consideration good design, engineering, equipping, installation, construction and commissioning practices for industrial processing and power facilities as observed in the Hawaii region of the United States. "Good Industry Practice" means the methods, techniques, standards and practices which, at the time they are to be employed and in light of the circumstances known or reasonably believed to exist at such time, are generally recognized and accepted as good operation, maintenance, repair, replacement and management practices in the municipal solid waste reduction industry in the United States and taking into consideration good operation, maintenance, repair, replacement, and management practices for industrial processing and power facilities as observed in the Hawaii region of the United States. "Governmental Approvals" means all orders of approval, permits, licenses, authorizations, consents, certifications, exemptions, rulings, entitlements and approvals issued by a Governmental Body of whatever kind and however described which are required under Applicable Law to be obtained or maintained by any person with respect to the Contract Services. 15 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Governmental Authority" has the meaning specified in subsection 19.4(B). "Governmental Body" means any federal, state, regional or local legislative, executive, judicial or other governmental board, agency, authority, commission, administration, court or other body, or any official thereof having jurisdiction. "Guaranteed Maximum Electricity Consumption" has the meaning specified in Appendix 11. [AS PROPOSED ON BUSINESS PROPOSAL FORM 181 "Guaranteed Maximum Electricity Demand" has the meaning specified in Appendix 11. [AS PROPOSED ON BUSINESS PROPOSAL FORM 18] "Guaranteed Maximum Electricity Utilization" means Guaranteed Maximum Electricity Consumption and Guaranteed Maximum Electricity Demand. [AS PROPOSED ON BUSINESS PROPOSAL FORM 18] "Guarantor" means Waste Management, Inc., a corporation organized and existing under the laws of Delaware, and its successors and assigns permitted thereunder. "Guaranty Agreement" or "Guaranty" means the Guaranty Agreement entered into concurrently with this Service Contract from the Guarantor to the County in the form set forth in the Transaction Forms, as the same may be amended from time to time in accordance therewith. "Hazardous Material" means any waste, substance, object or material deemed hazardous under Applicable Law including, without limitation, "hazardous substance" as defined under CERCLA and "hazardous waste" as defined under RCRA. "Higher Heating Value" or "HHV" means the heat generated during complete combustion of a fuel including the heat of vaporization of water vapor formed during combustion and expressed in "British Thermal Units Per Pound" (Btu/lb). "Independent Engineer" means a nationally-recognized qualified consulting engineer or firm of consulting engineers, not otherwise associated with the transactions contemplated hereby and not under contract with either party, having experience with respect to permitting, design, construction, testing, operation, maintenance, repair, replacement and management of solid waste reduction facilities. "Independent Evaluator" means a qualified independent evaluator or evaluation firm with demonstrated skill and experience in the evaluation of utility property, not otherwise associated with the transactions contemplated hereby, selected with the mutual consent of the parties for the purpose of evaluating and determining the condition of the Facility pursuant to Section 13.2. The Independent Evaluator may be an engineer or other technical professional competent to perform such services. 16 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Initial Company Development Period Responsibilities" has the meaning set forth in subsection 4.2(B). "Initial Term" has the meaning specified in Section 3.1. "Insurance Requirement" means any rule, regulation, code, or requirement issued by any insurance company which has issued a policy of Required Design/Build Period Insurance or Required Operation Period Insurance under this Service Contract, as in effect during the Term hereof, compliance with which is a condition to the effectiveness of such policy. "Interim Electricity Production Performance Liquidated Damages" has the meaning specified in Section 15.10. "Legal Proceeding" means every action, suit, litigation, arbitration, administrative proceeding, and other legal or equitable proceeding having a bearing upon this Service Contract, and all appeals therefrom. "Letter of Credit" has the meaning specified in Section 18.3. "Lien" means any and every lien against the Facility or against any monies due or to become due from the County to the Company under this Service Contract, for or on account of the Contract Services, including mechanics', materialmen's, laborers' and lenders' liens. "Loss-and-Expense" means, and is limited to, any and all actual losses, liabilities, forfeitures, obligations, damages, fines, penalties, judgments, deposits, costs, expenses, charges, Taxes, or expenses, including all Fees and Costs, except as explicitly excluded or limited under any provision of this Service Contract, relating to third party claims for which the Company is obligated to indemnify the County pursuant to this Service Contract. "Loss-and-Expense" for the purpose of any provision hereunder requiring indemnification of the County by the Company for third party claims shall mean and include any special, incidental, consequential, punitive or similar damages incurred by the County for third party claims. "Maintenance, Repair and Replacement Plan" has the meaning specified in Section 13.5. "Major Equipment" means [all major equipment and systems required by the Company for the performance of the Contract Services as specified in Appendix 3.]. "Material Decline in Guarantor's Credit Standing" has the meaning specified in Section 18.1. 17 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Mediator" means any person serving as a mediator of disputes hereunder pursuant to Sections 8.8 and 16.11. "Minimum Acceptance Standard" means the Minimum Acceptance Standard for Acceptance of the Facility set forth in Appendix 6. "Monthly Progress Report" has the meaning specified in subsection 7.3(F). "Non-Binding Mediation" means the voluntary system of dispute resolution established by Sections 16.10 and 16.11 for the resolution of any dispute arising under this Service Contract. "Non-Processible Waste" means (a) Hazardous Material; (b) dirt, concrete and other construction material and demolition debris; (c) refrigerators, washing machines, large appliances and similar "white goods"; (d) large items of machinery, equipment and mechanical parts, such as motor vehicles and major components thereof, agricultural equipment, trailers and marine vessels, or any other large item of waste; (e) sludge, sewage, wastewater and septic, cesspool, human, animal, offal and liquid waste; (f) incinerator residue, ashes, foundry sands, and large concentrations of plastics disposed of as wastes; (g) oil, paints, acids, caustics, poisons, asbestos, chemicals, highly ignitable substances, explosives and ordinance materials; (h) bulk loads of whole tires; and (i) any other materials the receipt and combustion of which is likely to cause damage to or otherwise materially and adversely affect the operation of the Facility, constitute a material threat to health or safety, or violate or cause the violation of any Applicable Law. "Notice to Proceed" means a notice issued by the County for the Company to commence construction of the Facility as set forth in Sections 4.4 and 7.2. "Operating Protocol" means the protocol governing operation of the Facility, including all interface, coordination, and solid waste reduction policies, procedures and protocols established, adopted and revised in accordance with Section 8.1 and Appendix 8. "Operation and Maintenance Manual" means the manual and related computer programs prepared by the Company containing detailed standard operating and maintenance procedures and other specific instructions, policies, directives, routines, schedules and other matters relating to the Operation Services, developed and maintained as required by Article XI and Appendix 8. "Operation Period" means the period from the Acceptance Date to and including the last day of the Term. 18 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Operation Services" means everything required to be furnished and done for I and relating to the Facility by the Company pursuant to this Service Contract during the Operation Period. "OSHA" means both the Hawaii Occupational Safety and Health Act, Chapter 396 of the Hawaii Revised Statutes, including all applicable regulations promulgated thereunder, and the Occupational Safety and Health Act of 1970, 29 U.S.C. Section 650 et sec l., including the applicable regulations promulgated thereunder, each as amended or supplemented from time to time. "Overall Critical Path Schedule" has the meaning specified in Appendix 10. "Overdue Rate" means the maximum rate of interest permitted by the laws of the State, if applicable, or the Prime Rate, whichever is lower. "Pass Through Costs" has the meaning specified in Section 15.5. "Performance Guarantees" means the guarantees of performance relating to the Annual Facility Throughput Guarantee, the Annual Electricity Production Guarantee, the Environmental Guarantee and the Residue Guarantee made by the Company specifically set forth in Sections 12.2, 12.3, 12.4 and 12.5, respectively. "Permitted Encumbrances" means, as of any particular time, any one or more of the following: (i) encumbrances for Utility charges, taxes, rates and assessments not yet delinquent or, if delinquent, the validity of which is being contested diligently and in good faith by the Company and against which the Company has established appropriate reserves in accordance with generally accepted accounting principles; (ii) any encumbrance arising out of any judgment rendered which is being contested diligently and in good faith by the Company, the execution of which has been stayed or against which a bond or bonds in the aggregate principal amount equal to such judgments shall have been posted with a financially-sound insurer and which does not have a material and adverse effect on the ability of the Company to construct the Facility or operate the Facility; (iii) any encumbrance arising in the ordinary course of business imposed by law dealing with materialmen's, mechanics', workmen's, repairmen's, warehousemen's, landlords', vendors' or carriers' encumbrances created by law, or deposits or pledges which are not yet due or, if due, the validity of which is being contested diligently and in good faith by the Company and against which the Company has established appropriate reserves; and 19 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation (iv) servitudes, licenses, easements, encumbrances, restrictions, rights-of- way and rights in the nature of easements or similar charges which will not in the aggregate materially and adversely impair the construction of the Facility and operation of the Facility by the Company. "Power Purchase Agreement" means the agreement to be entered into by the County and the Power Purchaser providing for the purchase by the Power Purchaser of electricity produced by the Facility, as the same may be amended from time to time in accordance therewith; or any other agreement between the County and the Power Purchaser providing for the purchase of electricity from the Facility which is applicable in the event a prior Power Purchaser is terminated for cause or fails to purchase all or a portion of the electricity produced by the Facility, as such other agreement may be amended from time to time in accordance with therewith. "Power Purchaser" means Hawaii Electric Light Company or any other purchaser of electricity from the Facility under a Power Purchase Agreement. "Prime Rate" means the prime rate as published in The Wall Street Journal, or a mutually agreeable alternative source of the prime rate if it is no longer published in The Wall Street Journal or the method of computation thereof is substantially modified. "Processible Waste" means Solid Waste which can be combusted by the Facility in compliance with Applicable Law, including but not limited to the types of solid waste identified in Hawaii County Code Section 20-31. Processible Waste does not include any waste included in the definition of "Non-Processible Waste", except for Non-Processible Waste which can be processed in small quantities when mixed with other Processible Waste. "Provisional Acceptance" has the meaning specified in Section 8.5. "Provisional Acceptance Date" has the meaning specified in subsection 8.1(E). "Qualified Commercial Bank" means a domestic commercial bank whose long- term debt is rated "A" or higher by Moody's Investors Service, Inc., rated "A" or higher by Fitch, Inc. or rated "A" or higher by Standard & Poor's Ratings Services, Inc. (if there is a split rating, the lowest of the three shall apply), and which is a bank organized and existing under the laws of the United States, is subject to federal and State banking regulatory jurisdiction and maintains an office in the State of Hawaii. "Quality Assurance Program" has the meaning specified in Appendix 5. "Rating Service" means Moody's Investors Service Inc., Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. or Fitch Ratings, or any of their respective successors and assigns and, if such corporations shall be dissolved or liquidated or 20 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation shall no longer perform the functions of a securities rating agency, "Rating Service" shall be i deemed to refer to any other nationally-recognized securities rating agency designated by the County. "RCRA" or "Resource Conservation and Recovery Act" means the Resource Conservation and Recovery Act, 42 U.S.C.A. §6901 et §eq., and applicable regulations promulgated thereunder, each as amended from time to time. "Receiving Time" has the meaning specified in subsection 10.4(A) "Reference Document" means any of the documents appended to this Service Contract or incorporated by reference. "Reference Fuel" means waste with a Higher Heating Value of 4,800 BTUs per pound. "Registered Hauler" means any person registered with the County and authorized to deliver waste to the Facility or who is otherwise approved by the County to deliver Processible Waste to the Facility from any source within the County, and whose authorization is made evident to the Company by a pass, vehicle sticker or other method designated by the County to identify commercial waste haulage vehicles that are reasonably acceptable to the Company. "Regulated Substance" means (1) any oil, petroleum or petroleum product and (2) any pollutant, contaminant, hazardous substance, hazardous material, toxic substance, toxic pollutant, solid waste, municipal waste, industrial waste or hazardous waste that is defined as such by and is subject to regulation under any Applicable Law. Regulated Substances include Hazardous Materials and contaminated soils requiring special handling or disposal. "Reload Building" means the facility currently part of the planned Reload Facility that will be used to screen, separate and transfer waste into containers for shipment to a landfill or any waste disposal/ reduction facility, prior to startup of the Facility. Subsequent to commercial operation of the Facility, the Reload Building is anticipated to be used to receive, screen, and separate Processible Waste from Non-Processible Waste delivered by citizens, to transfer Processible Waste for delivery to the Facility, for the receipt and processing of recyclable materials and for storage. "Reload Facility" means the County facilities currently under construction at the South Hilo Landfill site (also called the East Hawaii Regional Sort Station) which will include the Reload Building and associated roads, fencing and drainage features. "Renewal Term" has the meaning specified in Section 3.1. 21 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Required Design/Build Period Insurance" has the meaning specified in f Appendix 14. "Required Insurance" means the Required Design/Build Period Insurance and the Required Operation Period Insurance. "Required Operation Period Insurance" has the meaning specified in Appendix 14. "Requisition" means a written submission by the Company on the form of requisition as agreed to by the parties, together with accompanying submittals, requesting payment with respect to the Fixed Design/Build Price as set forth in Section 9.4 hereof. "Residue" means bottom ash, fly ash, grate siftings, scrubber residue, unspent lime and other material which remains after combustion of waste in the Facility. "Residue Guarantee" means the production of Residue (1) containing not more than 4.0% (by dry weight) combustible matter and not more than 0.2% (by dry weight) putrescible content, (2) having a moisture content of not more than 20.0°/x, and (3) which will not constitute Hazardous Material. "Residue Performance Liquidated Damages" has the meaning specified in subsection 12.5(B). "RFP" means the County's Stage II Request for Proposals for the Solid Waste Reduction Facility, issued on October 16, 2006, as amended. "Scheduled Acceptance Date" means the day [902] consecutive calendar days following the Scheduled Construction Date or, in the event of one or more delays caused by Uncontrollable Circumstances or County-directed Change Orders occurring during the Construction Period, the date which is the next calendar day following the date calculated by adding [902] days to the aggregate number of days of such delay. Any such extension in the Scheduled Acceptance Date shall be evidenced by a Contract Administration Memorandum or Change Order, as appropriate. "Scheduled Construction Date" means the day [617] [AS PROPOSED IN BAFO] consecutive calendar days following the Contract Date, or, in the event of one or more delays caused by Uncontrollable Circumstances or County-directed Change Orders occurring during the Development Period, the date which is the next calendar day following the date calculated by adding [617] [AS PROPOSED IN BAFO] days to the aggregate number of days of such delay. Any such extension in the Schedule Construction Date shall be evidenced by a Contract Administrative Memorandum or a Change Order, as appropriate. 22 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Securities and Exchange Commission" means the U.S. Securities and Exchange Commission. "Security Instruments" means the Guaranty Agreement, the Construction Payment and Performance Bond and the Letter of Credit. "Senior Supervisors" has the meaning specified in subsection 11.3(B). "Service Contract" means this Service Contract for the Design, Construction and Operation of the County of Hawaii Solid Waste Reduction Facility between the Company and the County, including the Appendices, the Transaction Forms and the Reference Documents, as the same may be amended or modified from time to time in accordance herewith. "Service Fee" has the meaning specified in Article XV. "Shutdown Operations" means any period, not to exceed 3 hours (per occurrence), commencing with the suspension of feeding of Processible Waste to any combustion unit of the Facility and ending when the combustion unit is void of Processible Waste. "Site" means the parcels of real property identified in Appendix 18 on which the Facility is to be constructed. i "Site-Related Information" means (1) all site-related information provided to the Company prior to the Contract Date including, but not limited to, the Reference Documents; and (2) all site-related assumptions made by the Company in preparing its proposal as set forth in [Appendix 18 to be developed based upon Section 2.3 of the proposal]. "Solid Waste" means all materials and substances discarded or rejected as being spent, useless, worthless, or in excess to the owners at the time of such discard or rejection, including, without limitation, waste, garbage, trash, rubbish and refuse that is normally disposed of by, and collected from, residential, commercial, industrial, governmental or institutional establishments. "Start-up Operations" means any period, not to exceed 3 hours (per occurrence), commencing when any combustion unit of the Facility begins the combustion of Processible Waste following an appropriate warm-up period and ending when the Facility achieves steady- state operations. "State" means the State of Hawaii. "Subcontract" means an agreement or purchase order by the Company, or a Subcontractor to the Company, as applicable. 23 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "Subcontractor" means every person (other than employees of the Company) I employed or engaged by the Company or any person directly or indirectly in privity with the Company (including all subcontractors and every sub-subcontractor of whatever tier) for any portion of the Contract Services, whether for the furnishing of labor, materials, equipment, supplies, services or otherwise. "Substantial Completion" has the meaning specified in Section 8.2. "Supplemental Technical Information" means those portions of Appendix 3 that are expressly designated as "Supplemental Technical Information". "Surety" means the surety company issuing the Construction Payment and Performance Bond. "Tax" means any tax, fee, levy, duty, impost, charge, surcharge, assessment or withholding, or any payment-in-lieu thereof, and any related interest, penalty or addition to tax. "Technical Specifications" means the technical specifications set forth or referenced in Appendix 3, which are comprised of the Design Requirements and the Supplemental Technical Information. "Technology Supply Agreements" means the agreement to be entered into between [Von Roll] as owner of the combustion technology to be used at the Facility and the County, substantially in the form set forth as Transaction Form D. "Term" has the meaning set forth in Article IV. "Termination Date" means the last day of the Term of this Service Contract. "Throughput Capacity Liquidated Damages" has the meaning specified in Section 8.5. "Throughput Performance Credit Account" means the account so designated which is established in accordance with Section 15.9(F). "Throughput Performance Damages Account" means the account so designated which is established in accordance with Section 15.9(E). "Throughput Performance Liquidated Damages" means the damages payable by the Company due to its failure to meet the Billing Period or Annual Facility Throughput Guarantee, as determined pursuant to Section 15.9(G). "Ton" means a short ton of 2,000 lbs. "Tonnage" means Tons of Processible Waste. 24 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation "TPD" means Tons per day. "Transaction Form" means any of the Transaction Forms appended to this Service Contract. "Uncontrollable Circumstances" means any act, event or condition that is beyond the reasonable control of the party relying thereon as justification for not performing an obligation or complying with any condition required of such party under this Service Contract, and that by itself or in combination with other acts, events or circumstances beyond the control of such party, materially interferes with or materially increases the cost of performing its obligations hereunder (other than payment obligations), to the extent that such act, event or condition is not the result of the willful or negligent act, error or omission, failure to exercise reasonable diligence, or breach of this Service Contract on the part of such party. (1) Inclusions. Subject to the foregoing, Uncontrollable Circumstances may include, but shall not be limited to, the following: (a) a Change in Law; (b) the discovery of Hazardous Material or Regulated Substances on or at the Site to the extent not disclosed in the Referenced Documents set forth in Appendix 18 or caused by Company Fault; (c) naturally occurring events (except weather conditions normal for the geographic region of the County) such as landslides, underground movement, earthquakes, volcanic eruptions, tsunamis, tornadoes, floods, epidemics, and other acts of God; (d) explosion, sabotage or similar occurrence, acts of a declared public enemy, terrorism, extortion, war, blockade or insurrection, riot or civil disturbance; (e) labor disputes, except labor disputes involving employees of the Company, its Affiliates, or Subcontractors which affect the performance of the Contract Services; (f) the failure of any Subcontractor (other than the Company, the Guarantor or any Affiliate of either, except as otherwise provided in the Service Contract), to furnish services, materials, chemicals or equipment on the dates agreed to, but only if such failure is the result of an event which would constitute an Uncontrollable Circumstance if it affected the Company directly, and the Company is not able to timely obtain substitutes after exercising all reasonable efforts; (g) any failure of title to the Facility or any placement or enforcement of any encumbrance on the Facility not consented to in writing by, or arising out of any action or agreement entered into by, the party adversely affected thereby; 25 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation (h) the preemption, confiscation, diversion or destruction of materials or services by a Governmental Body in connection with a public emergency or any condemnation or other taking by eminent domain of any material portion of the Facility; (i) subsurface conditions at the Site which materially vary from the conditions reasonably anticipated based upon the Site-Related Information in accordance with Section 4.1; 6) the failure of any appropriate federal, State, county or local public agency or private utility having operational jurisdiction in the area in which the Facility is located, to provide and maintain utilities, services, water and sewer lines and power transmission lines to the Site which are required for the construction, start-up, Acceptance Testing or operation of the Facility, but only, with respect to electric power utility, to the extent provided in Section 8.1; (k) any default by the Power Purchaser under the Power Purchase Agreement other than a failure by such Power Purchaser to make payment when due, except defaults attributable to unexcused non-performance by the Company or the County, as applicable; (1) a violation of Applicable Law by a person other than the affected party or its subcontractors; (m) with respect to the Company, any County Fault and County-requested Change Orders not due to Company Fault; and (n) with respect to the County, any Company Fault. (2) Exclusions. It is specifically understood that none of the following acts, events or circumstances shall constitute Uncontrollable Circumstances: (a) any act, event or circumstance that would not have occurred if the affected party had complied with its obligations hereunder; (b) changes in interest rates, inflation rates, wage rates, insurance costs, commodity prices, (except as provided in subsection 9.2(C)), currency values, exchange rates or other general economic conditions; (c) changes in the financial condition of the County, the Company, the Guarantor, or their Affiliates or Subcontractors affecting the ability to perform their respective obligations; I 26 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - De£mitions and Interpretation (d) the consequences of error, neglect or omissions by the Company, the Guarantor, any Subcontractor, any of their Affiliates or any other person utilized by the Company or performing on behalf of the Company in the performance of the Contract Services; (e) any impact of prevailing wage or similar laws, customs or practices on the Company's costs (other than due to a Change in Law); (f) weather conditions normal for the geographic region of the County; (g) any surface or subsurface geotechnical or hydrological conditions, including without limitation the existence of compressible soil layers, masses, unstable soils, manmade deposits, and water table fluctuations, which conditions do not materially vary from those reasonably anticipated based upon the Site-Related Information in accordance with Section 4.1; (h) mechanical failure of equipment to the extent not resulting from a condition that is listed in the "Inclusions" section of this definition; (i) failure of the Company to secure patents which it deems necessary for the performance of the Contract Services; (j) a Change in Law pertaining to taxes, except sales taxes; i (k) any Change in Law (including the issuance of any Governmental Approval, the enactment of any statute, or the promulgation of any regulation) the terms and conditions of which do not impose more stringent or burdensome requirements on the Company than are imposed by the Contract Standards; or (1) the discovery of Hazardous Materials or Regulated Substances on or at the Site to the extent disclosed in the Reference Documents contained in Appendix 18 or caused by Company Fault. "Utilities" means any and all utility services and installations whatsoever (including gas, water, electricity, telephone, internet, cable and any other telecommunications), and all piping, wiring, conduit, and other fixtures of every kind whatsoever related thereto or used in connection therewith. SECTION 1.2. INTERPRETATION. In this Service Contract, notwithstanding any other provision hereof. (A) References Hereto. The terms "hereby," "hereof," "herein," "hereunder" and any similar terms refer to this Service Contract; and the term "hereafter" means after, and the term "heretofore" means before, the Contract Date. 27 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation (B) Gender and Plurality. Words of the masculine gender mean and include r correlative words of the feminine and neuter genders and words importing the singular number mean and include the plural number and vice versa. (C) Persons. Words importing persons include firms, companies, associations, joint ventures, general partnerships, limited partnerships, limited liability corporations, trusts, business trusts, corporations and other legal entities, including public bodies, as well as individuals. (D) Headings. The table of contents and any headings preceding the text of the Articles, Sections and subsections of this Service Contract shall be solely for convenience of reference and shall not affect its meaning, construction or effect. (E) Entire Agreement. This Service Contract contains the entire agreement between the parties hereto with respect to the transactions contemplated by this Service Contract. Without limiting the generality of the foregoing, this Service Contract shall completely and fully supersede all other understandings and agreements among the parties with respect to such transactions, including those contained in the RFP, the proposal of the Company submitted in response thereto, and any amendments or supplements to the RFP or the proposal. (F) Design Requirements. The Design Requirements are intended to include the basic design principles, concepts and requirements for the Design/Build Work but do not include the final, detailed designs, plans or specifications or indicate or describe each and every item required for full performance of the physical Design/Build Work and for achieving Acceptance. The Company agrees to prepare all necessary and required complete and detailed designs, plans, drawings and specifications and to furnish and perform, without additional compensation of any kind, all Design/Build Work in conformity with the Design Requirements and the final designs, plans, drawings and specifications based thereon. (G) Standards of Workmanship and Materials. Any reference in this Service Contract to materials, equipment, systems or supplies (whether such references are in lists, notes, specifications, schedules, or otherwise) shall be construed to require the Company to furnish the same in accordance with the grades and standards therefor indicated in this Service Contract. Where this Service Contract does not specify any explicit quality or standard for construction materials or workmanship, the Company shall use only workmanship and new materials of a quality consistent with that of construction workmanship and materials specified elsewhere in the Design Requirements, and the Design Requirements are to be interpreted accordingly. 28 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation (H) Technical Standards and Codes. References in this Service Contract to all professional and technical standards, codes and specifications are to the most recently published professional and technical standards, codes and specifications of the institute, organization, association, authority or society specified, all as in effect as of the Contract Date. Unless otherwise specified to the contrary, (1) all such professional and technical standards, codes and specifications shall apply as if incorporated in the Design Requirements and (2) if any material revision occurs, to the Company's knowledge, after the Contract Date, and prior to completion of the Design/Build Work, the Company shall notify the County. If so directed by the County, the Company shall perform the Design/Build Work in accordance with the revised professional and technical standard, code, or specification as long as the Company is compensated, subject to Cost Substantiation, for any additional cost or expense attributable to any such revision. (I) Liquidated Damages. This Service Contract provides for the payment by the Company of liquidated damages in certain circumstances of non-performance, breach and default. Each party agrees that the County's actual damages in each such circumstance would be difficult or impossible to ascertain (particularly with respect to the public harm that would occur as a result of such non-performance, breach or default of the Company), and that the liquidated damages provided for herein with respect to each such circumstance are intended to place the County in the same economic position as it would have been in had the circumstance not occurred. Except where additional remedies are otherwise specifically provided for herein, such liquidated damages shall constitute the only damages payable by the Company to the County in such circumstances of non-performance, breach or default, regardless of legal theory. (J) Causing Performance. A party shall itself perform, or shall cause to be performed, subject to any limitations specifically imposed hereby with respect to Subcontractors or otherwise, the obligations affirmatively undertaken by such parry under this Service Contract. (K) Party Bearing Cost of Performance. All obligations undertaken by each party hereto shall be performed at the cost of the party undertaking the obligation or responsibility, unless the other party has explicitly agreed herein to bear all or a portion of the cost either directly, by reimbursement to the other party or through an adjustment to the Service Fee. (L) Assistance. The obligations of a party to cooperate with, to assist or to provide assistance to the other party hereunder shall be construed as an obligation to use the party's personnel resources to the extent reasonably available in the context of performance of 29 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation their normal duties, and not to incur material additional overtime or third party expense unless requested and reimbursed by the assisted party. (M) Interpolation. If any calculation hereunder is to be made by reference to a chart or table of values, and the reference calculation falls between two stated values, the calculation shall be made on the basis of linear interpolation. (N) Applicability and Stringency of Contract Standards. The Company shall be obligated to comply only with those Contract Standards which are applicable in any particular case. Where more than one Contract Standard applies to any particular performance obligation of the Company hereunder, each such applicable Contract Standard shall be complied with. In the event there are different levels of stringency among such applicable Contract Standards, the most stringent of the applicable Contract Standards shall govern. (O) Delivery of Documents in Digital Format. In this Service Contract, the Company is obligated to deliver reports, records, designs, plans, drawings, specifications, proposals and other documentary submittals in connection with the performance of its duties hereunder. The Company agrees that all such documents shall be submitted to the County both in printed form (in the number of copies indicated) and, at the County's request, in digital form. Digital copies shall consist of computer readable data submitted in Autocad, Microsoft Word, Microsoft Access, and Microsoft Excel or in any other similar standard interchange format which the County may reasonably request to facilitate the administration and enforcement of this Service Contract. In the event that a conflict exists between the signed or the signed and stamped hard copy of any document and the digital copy thereof, the signed or the signed and stamped hard copy shall govern. (P) Severability. If any clause, provision, subsection, Section or Article of this Service Contract shall be ruled invalid by any court of competent jurisdiction, then the parties shall: (1) promptly negotiate a substitute for such clause, provision, subsection, Section or Article which shall, to the greatest extent legally permissible, effect the intent of the parties in the invalid clause, provision, subsection, Section or Article; (2) if necessary or desirable to accomplish item (1) above, apply to the court having declared such invalidity for a judicial construction of the invalidated portion of this Service Contract; and (3) negotiate such changes in substitution for or addition to the remaining provisions of this Service Contract as may be necessary in addition to and in conjunction with items (1) and (2) above to effect the intent of the parties in the invalid provision. The invalidity of such clause, provision, subsection, Section or Article shall not affect any of the remaining provisions hereof, and this Service Contract shall be construed and enforced as if such invalid portion did not exist. 30 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article I - Definitions and Interpretation (Q) No Third-Party Rights. This Service Contract is exclusively for the benefit of the County and the Company and shall not provide any third parties with any remedy, claim, liability, reimbursement, cause of action or other rights. (R) References to Days. All references to days herein are references to calendar days. (S) References to Including. All references to "including" herein shall be interpreted as meaning "including without limitation". (T) References to Knowledge. All references to "acknowledge", "knowing", "know" or "knew" shall be interpreted as references to a party having actual knowledge. (U) Counterparts. This Service Contract may be executed in any number of original counterparts. All such counterparts shall constitute but one and the same Service Contract. (V) Governing I aw. This Service Contract shall be governed by and construed in accordance with the applicable laws of the State. (W) Defined Terms. The definitions set forth in Section 1.1 shall control in the event of any conflict with any definitions used in the recitals hereto. 31 487571.8 028493 AGMT ARTICLE II 1 REPRESENTATIONS AND WARRANTIES SECTION 2.1. REPRESENTATIONS AND WARRANTIES OF THE COUNTY. The County represents and warrants that: (A) Existence and Powers. The County is a body politic and corporate of the State of Hawaii (the "State"), with full legal right, power and authority to enter into and to perform its obligations under this Service Contract. (B) Due Authorization and Binding Obligation. This Service Contract has been duly authorized, executed and delivered by all necessary action of the County. (C) No Conflict. Neither the execution nor delivery by the County of this Service Contract, nor the performance by the County of its obligations in connection with the transactions contemplated hereby or the fulfillment by the County of the terms or conditions hereof (1) conflicts with, violates or results in a breach of any constitution, law or governmental regulation applicable to the County or (2) conflicts with, violates or results in the breach of any term or condition of any order, judgment or decree, or any contract, agreement or instrument, to which the County is a party or by which the County or any of its properties or assets are bound, or constitutes a default under any of the foregoing. (D) No Approvals Required. Other than those necessary to comply with the requirements of [EIS statute], there is no approval, authorization, order or consent of, or declaration, registration or filing with, any Governmental Body or referendum of voters is required for the valid execution and delivery by the County of this Service Contract or the performance by the County of its payment or other obligations hereunder except otherwise as such have been duly obtained or made. (E) No Litigation. There is no Legal Proceeding, at law or in equity, before or by any court or Governmental Body, or proceeding for referendum or other voter initiative, pending or, to the best of the County's knowledge, overtly threatened or publicly announced against the County, in which an unfavorable decision, ruling or finding could reasonably be expected to have a material and adverse effect on the execution and delivery of this Service Contract or the validity, legality or enforceability of this Service Contract, or any other agreement or instrument entered into by the County in connection with the transactions contemplated hereby, or on the ability of the County to perform its obligations hereunder or under any such other agreement or instrument, other than as disclosed previously to the Company. (F) County Ownership Interests in the Site. The County retains the control of the Site through an executive order issued by the State of Hawaii so long as such Site is 32 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article II - Representations and Warranties being used for the purposes specified in the executive order which purposes include 1 management of Solid Waste. (G) Information Pertaining to the Site. To the best of its knowledge, the County has made available to the Company all of the significant studies, reports and other information pertaining to the Site which the County has developed in connection with its planning and preparation work with respect to the RFP and the Facility and which, in the County's opinion, may reasonably be material to the performance by the Company of the Contract Services. The County makes no representation, however, as to the accuracy or completeness of any such information except as expressly set forth in Section 4.1. SECTION 2.2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents and warrants that: (A) Existence and Powers. The Company is a [corporation] duly organized, validly existing and in good standing under the laws of Delaware and has the authority to do business in the State and in any other state in which it conducts its activities, with the full legal right, power and authority to enter into and perform its obligations under this Service Contract. (B) Due Authorization and Binding Obligation. This Service Contract has been duly authorized, executed and delivered by all necessary corporate action of the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except to the extent that its enforceability may be limited by bankruptcy, insolvency or other similar laws affecting creditors' rights from time to time in effect and equitable principles of general application. (C) No Conflict. Neither the execution nor delivery by the Company of this Service Contract nor the performance by the Company of its obligations in connection with the transactions contemplated hereby or the fulfillment by the Company of the terms or conditions hereof (1) conflicts with, violates or results in a breach of any constitution, law or governmental regulation applicable to the Company or (2) conflicts with, violates or results in a breach of any order, judgment or decree, or any contract, agreement or instrument to which the Company is a party or by which the Company or any of its properties or assets are bound, or constitutes a default under any of the foregoing. (D) No Approvals Required. No approval, authorization, order or consent of, or declaration, registration or filing with, any Governmental Body is required for the valid execution and delivery of this Service Contract by the Company or the performance of its payment or other obligations hereunder except as such have been duly obtained or made. 33 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article II - Representations and Warranties (E) No Litigation. There is no Legal Proceeding, at law or in equity, before or t by any court or Governmental Body pending or, to the best of the Company's knowledge, overtly threatened or publicly announced against the Company, in which an unfavorable decision, ruling or finding could reasonably be expected to have a material and adverse effect on the execution and delivery of this Service Contract by the Company or the validity, legality or enforceability of this Service Contract against the Company, or any other agreement or instrument entered into by the Company in connection with the transactions contemplated hereby, or on the ability of the Company to perform its obligations hereunder or under any such other agreement or instrument. (F) Claims and Demands. Except as disclosed in writing to the County, to the best of its knowledge, there are no material and adverse claims or demands based in environmental tort law, or based on breach of contract, pending or threatened against the Company with respect to any solid waste reduction facility providing service to the general public designed, constructed, operated, maintained or managed by the Company, the Guarantor or any Affiliate. (G) Applicable Law Compliance. Except as disclosed in writing to the County, to the best of its knowledge, neither the Company, the Guarantor nor any Affiliate is in material violation of any law, order, rule or regulation applicable to any solid waste reduction facility providing service to the general public designed, constructed, operated, maintained or managed by the Company, the Guarantor or any Affiliate the violation of which may have a material adverse affect on the ability of the Company, the Guarantor or any Affiliate to perform their obligations hereunder or under the Guaranty Agreement. (H) Patents and Licenses. The Company owns, or is expressly authorized to use under patent rights, licenses, franchises, trademarks or copyrights, the technology necessary for the Facility without any known material conflict with the rights of others. (I) Information Supplied by the Corn . The information supplied and representations and warranties made by the Company and the Guarantor in all submittals made in response to the RFP and in all post-proposal submittals with respect to the Company and the Guarantor (and to the best of its knowledge, all information supplied in such submittals with respect to any Subcontractor) are true, correct and complete in all material respects. SECTION 2.3. KNOWLEDGE-BASED REPRESENTATIONS. Whenever a representation or warranty hereunder is made to the best of the knowledge of the County or the best of the knowledge of the Company, such representation or warranty hereunder shall be deemed made, as the case may be, to the knowledge of the County's Director of Environmental 34 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article II - Representations and Warranties Management or to the knowledge of the General Counsel and Chief Executive Officer of the Company. 35 487571.8 028493 AGMT ARTICLE III TERM SECTION 3.1. EFFECTIVE DATE AND INITIAL TERM. This Service Contract shall become effective on the Contract Date, and shall continue in effect for 20 years following the Acceptance Date (the "Initial Term") or, if renewed as provided in Section 3.2, until the last day of the renewal term (the "Renewal Term"; the Initial Term and any Renewal Term being referred to herein as the "Term"), unless earlier terminated pursuant to the termination provisions of Article XVI hereof, in which event the Term shall be deemed to have ended as of the date of such termination. All rights, obligations and liabilities of the parties hereto shall commence on the Contract Date, subject to the terms and conditions hereof. The County shall have no obligation to make Service Fee payments with respect to the Facility until after the Acceptance Date. At the end of the Term of this Service Contract, all other obligations of the parties hereunder shall terminate, except as provided in Sections 16.6 and 16.7. SECTION 3.2. RENEWAL AND EXTENSION OPTION. This Service Contract may be renewed and extended for an additional period of five years (subject to convenience termination without cost to the County upon 90 days written notice) by mutual agreement of the parties on the same conditions as are applicable during the Initial Term. The Company shall give the County written notice of the approaching expiration of the Initial Term no later than 270 days prior to such expiration. 36 487571.8 028493 AGMT ARTICLE IV DEVELOPMENT PERIOD SECTION 4.1. SITE SUITABILITY CONFIRMATION. (A) Site Familiarity. The Company acknowledges that the Company's agents and representatives have visited, inspected and are familiar with the Site, its surface physical condition relevant to the obligations of the Company pursuant to this Service Contract, including surface conditions, normal and usual soil conditions, roads, utilities, topographical conditions and air quality conditions; that the Company is familiar with all local and other conditions which may be material to the Company's performance of its obligations under this Service Contract (including, but not limited to transportation; seasons and climate; access, availability, disposal, handling and storage of materials and equipment; and availability and quality of labor and Utilities and anticipated Utilities based upon the design drawings for the Reload Facility), and has received and reviewed all information regarding the Site provided to it as part of the Site-Related Information or obtained in the course of performing its obligations hereunder; and that based on the foregoing, the Site constitutes an acceptable and suitable site for the construction and operation of the Facility in accordance herewith, and subject to the occurrence of Uncontrollable Circumstances, the Facility can be constructed on the Site within the Fixed Design/Build Price and by the Scheduled Acceptance Date. (B) County-Supplied Information. Except as set forth below, the Company shall be responsible for the independent verification and confirmation of all information supplied to it by or on behalf of the County and upon which it elects to rely in connection herewith. Except as set forth below, no error or omission in any such information shall constitute an Uncontrollable Circumstance, or relieve the Company from any of its obligations or entitle the Company to any increase in compensation hereunder. Notwithstanding the above, the Company shall not be required to verify and confirm the actual subsurface condition of the Site, and the Company shall be entitled to relief if the actual subsurface condition of the Site vanes from that reasonably anticipated based upon the information set forth in Appendix 18 and the Company's assumptions regarding such information as set forth in Appendix 18. (C) Site Access During Development Period. The execution of this Service Contract shall be deemed to constitute the granting of a license to the Company to access the Site for the purposes of. (1) performing engineering, analysis and such additional subsurface and geotechnical studies or tests as deemed necessary by the Company; and (2) performing all necessary onsite activities pursuant to Section 4.2. Such access shall be subject to the County's prior approval, which shall not be unreasonably withheld, as to time and scope. On and after the Construction Commencement Date, the County shall also provide to the Company licenses in, over, or to the Site and other lands owned or controlled by the County, as 37 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period may be necessary to permit the Company to perform its obligations hereunder for the Term of i this Service Contract. The Company shall assume all risks associated with such activities and indemnify, defend and hold harmless the County and the County Indemnitees in accordance with Section 17.3. (D) Discovery of Hazardous Materials or Other Regulated Substances. The discovery after the Contract Date of Hazardous Materials or Regulated Substances at the Site, except for any Hazardous Materials or Regulated Substances which have been disclosed to the Company prior to the Contract Date, shall be treated as an Uncontrollable Circumstance. SECTION 4.2. DEVELOPMENT PERIOD RESPONSIBILITIES OF THE PARTIES. (A) Initial County Development Period Responsibilities. Promptly following the Contract Date, the County shall undertake to perform and complete the following responsibilities (the "Initial County Development Period Responsibilities"): (1) Environmental Impact Statement. The County shall comply with the requirements of [Cite]. (2) [Power Purchase Agreement. the County shall negotiate the Power Purchase Agreement with the Power Purchaser.] (B) Initial Company Development Period Responsibilities. Promptly following the Contract Date, the Company shall undertake to perform and complete the following responsibilities (the "Initial Company Development Period Responsibilities"): (1) Environmental Impact Statement and Certain Governmental Approvals. The Company shall perform the scope of work set forth in Appendix 1. (2) [Power Purchase Agreement. The Company shall provide assistance to the County in the negotiation of the Power Purchase Agreement as set forth in Appendix 11.] (C) No County Obligation to Proceed. The County has not completed the environmental review required by [cite]. The parties acknowledge that in authorizing and executing the Service Agreement, the County is not irrevocably committing to the construction of the Facility, and that during the process of compliance with [cite] and following compliance with [cite], the County has the right to terminate this Service Agreement for its convenience in accordance with Section 4.5 hereof. [In addition, in order to ensure that the County has adequate time to consider the information developed during the [cite] process, the parties shall not undertake any Development Period Work for [30] days following certification of the environmental impact statement in accordance with [cite]. 38 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article N - Development Period (D) Balance of County Development Period Responsibilities. Beginning on i the 31st day following the certification of the environmental impact statement in accordance with [cite], the County shall use good faith efforts to satisfy the following County responsibilities: (1) General Bond Resolution. The County shall adopt the General Bond Resolution and issue bonds pursuant to the County's plan of finance for the financing of the Facility; provided, however, that the issuance of bonds shall not occur until all other Commencement Date Conditions have been achieved or waived. (2) Power Purchase Agreement. The County shall execute the Power Purchase Agreement with the Power Purchaser. (3) Technology Supply Agreement. The County shall execute the Technology Supply Agreements delivered by the Company. (4) Environmental and Governmental Approvals. The County shall obtain the approvals for which the County is responsible in accordance with Appendix 1 and shall provide the Company reasonable assistance with obtaining all applicable environmental and other governmental permits, licenses, approvals and authorizations in accordance with the requirements of subsection 5.3(B) hereof. j (5) Certification of the Facility. The County shall obtain certification of the Facility as a "qualifying facility" from the Federal Energy Regulatory Commission or shall self-certify the Facility as a "qualifying facility" to the extent permitted by Applicable Law. (6) Site. The County shall obtain good and marketable title to the Site free and clear of any encumbrances material to the performance of any party's obligation hereunder. (7) Easements. The County shall obtain all easements, or other interests in real property as may be necessary in order to provide utilities and enable the Company to perform the Design/Build Work and Operation Services hereunder. (8) Representations. The County shall deliver to the Company a certificate of an authorized officer to that effect that the representations of the County set forth in Section 2.1 hereof are correct in all material respects as of the Construction Commencement Date as if made on and as of such date. (E) Balance of Company Development Period Responsibilities. Beginning on the 31st day following the certification of the environmental impact statement in accordance 39 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period with [cite], the Company shall use good faith efforts to satisfy the following Company responsibilities: (1) Representations. The Company shall deliver to the County a certificate of an authorized officer of both the Company and the Guarantor to that effect that the representations of the Company set forth in Section 2.2 and of the Guarantor set forth in the Guaranty Agreement shall be true and correct in all material respects as of the Construction Commencement Date as if made on and as of the Construction Commencement Date. (2) Confirmation of Chances. The Company shall deliver to the County a certificate as of the Contract Date to the effect that since the Contract Date, there shall not have occurred any change, financial or otherwise, in the condition of the Company or the Guarantor that would materially and adversely affect the ability of the Company or the Guarantor to perform this Service Contract or any agreement or instrument entered into or to be entered into by the Company or the Guarantor pursuant to this Service Contract. (3) Site Conditions. The Company shall make all further soil test borings and conduct analyses of subsurface conditions, inspections and applicable site history reviews of the Site, in each case as necessary under Good Engineering and Construction Practice to prepare for excavation and construction hereunder in accordance with Applicable Law and to obtain all required Governmental Approvals, and shall notify the County if any such findings constitute an Uncontrollable Circumstance. (4) Design and Approvals. The Company shall perform all design work and other work necessary to obtain, and shall obtain, all applicable Governmental Approvals which are required to be issued under Applicable Law for the commencement of construction of the Facility, except for those Governmental Approvals specified in Appendix 1 hereto to be obtained by the County, in a form and in substance satisfactory to the County. With respect to construction work, the commencement of which does not require a Governmental Approval, the Company shall have submitted design drawings (50 percent) to the County in compliance with Appendix 7 unless waived by the County. In addition, the Company shall cooperate with and assist the County in obtaining Governmental Approvals which the County is responsible for obtaining, if any. The Company shall provide the County with any final design documents and copies of any Government Approvals. 40 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period (5) Site Related Plans. The Company shall prepare and submit to the appropriate Governmental Body, as required under Appendix 7 and as needed to support any permit applications or meet permit conditions, all Site-related plans. (6) Information to Support Site Easements. In the event the County is required to grant Utility easements on the Site in connection with the Design/Build Work, the Company shall provide complete descriptions of all Utility connections and surface features within 10 feet of both sides of the easement and routes on the Site necessary for such purposes. (7) Utilities. The Company shall make all arrangements necessary to secure the availability of all Utilities required to construct and operate the Facility in the capacities required hereunder, and shall evidence such availability by letters from the providers of such Utilities; provided, however, that the County will be responsible for extending the existing water and electricity lines to the Site boundary. (8) Critical Path Method Schedule. The Company shall prepare and provide to the County an updated "critical path method" schedule for the Design/Build Work. (9) Construction Payment and Performance Bond. The Company shall obtain and deliver to the County the Construction Payment and Performance Bond as required by Section 18.2. Such bond shall be substantially in the form set forth in the Transaction Forms. (10) Applicable Law Compliance. The Company shall comply with all other requirements of Applicable Law pertaining the activities constituting the Construction Commencement Date Conditions. (11) Company Law Compliance. The Company shall certify to the County as of the Construction Commencement Date that it is in substantial compliance with all laws, regulations, rules and orders applicable to its business, non-compliance with which would have a material and adverse effect upon its business or its ability to perform its obligations under this Service Contract. (12) Financial Condition. The Company shall provide audited financial statements of the Company and the Guarantor for the most recently completed fiscal year and quarterly period. Since the Contract Date, there shall not have occurred any change, financial or otherwise, in the condition of the Company or the Guarantor that would materially and adversely affect the ability of the Company or the Guarantor to perform their respective obligations under this Service Contract and the Guaranty Agreement. The Company shall cooperate with and assist the County by providing any information, certifications or documents which may be reasonably required in 41 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period connection with the issuance of County debt obligations or otherwise obtaining the funds necessary to pay the Fixed Design/Build Price, including the County's application for any available grant funds, loans or special appropriations (which shall be prepared by the County). (13) Documents Evidencing Required Activities. The Company shall have provided to the County copies of all filings and reports conducted, prepared or obtained with respect to or evidencing the Company's activities pursuant to this Section and Section 4.3. (14) Required Design/Build Period Insurance. The Company shall have submitted to the County certificates of insurance for all Required Design/Build Period Insurance specified in Appendix 14 hereto. (15) Confirmation of Guaran ty. The Guarantor shall execute and deliver a confirmation to the County that the Guaranty Agreement remains in full force and effect. (16) Notice of Default. The Company shall provide to the County, promptly following the receipt thereof, copies of any notice of default, breach or non-compliance received under or in connection with any Governmental Approval or Subcontract i pertaining to the Development Period. (17) Technology Supply Agreement. The Company shall have caused to be delivered to the County a Technology Supply Agreement executed by the technology licensor. (18) Survey and Property Description. The Company shall deliver to the County a metes and bounds property description and survey with respect to the Site. (F) Payment for Company Development Period Work. The Company shall be paid for its Development Period Work in accordance with Section 9.2. SECTION 4.3. CONSTRUCTION COMMENCEMENT DATE CONDITIONS. The obligations of the Company and the County to proceed with their respective obligations hereunder following the Development Period shall not commence until all of the following conditions necessary for the construction of the Facility (the "Construction Commencement Date Conditions") are satisfied (or waived by the party or parties to whom the benefit of the satisfaction of such responsibility would inure): (1) Company Development Period Responsibilities. The Company shall have fulfilled all of its responsibilities with respect to the Development Period under Section 4.2. 42 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period (2) County Development Period Responsibilities. The County shall have I fulfilled all of its responsibilities with respect to the Development Period under Section 4.2. (3) Designation of Authorized Representative. The parties shall each designate an authorized representative for coordination of matters arising during the Design/Build Period. (4) Acceptability and Effectiveness of Documents. All of the documents and instruments identified in this Article shall be in form and substance reasonably satisfactory to both parties, and shall be valid, in full force and effect and enforceable against each party thereto on the Construction Commencement Date. It is understood that any such document, instrument or agreement the form of which is set forth in a Transaction Form, that is executed and delivered in substantially such form is and shall be deemed to be in form and substance satisfactory to each party. No such document, instrument or agreement shall be subject to the satisfaction of any outstanding condition precedent except those expressly to be satisfied after the Construction Commencement Date. No party to any such document, instrument or agreement shall have repudiated or be in default or imminent default thereunder, and each party shall have received such certificates or other evidence reasonably satisfactory to it of such facts as such party shall have reasonably requested. (5) Legal Proceedings. There shall be no Legal Proceeding, at law or in equity, before or by any court or Governmental Body, pending or threatened, which: (a) challenges, or might challenge, directly or indirectly, (i) the authorization, execution, delivery, validity or enforceability of this Service Contract or the Guaranty, or (ii) the interests of the County in the Site; (b) seeks to enjoin or restrict the use of the Site for the purposes contemplated by this Service Contract; or (c) seeks damages, fines, remediation or any other remedy in connection with the environmental condition or any other factor pertaining to the Site, in any such case which can reasonably be expected to materially and adversely affect the County's or the Company's ability to comply with its obligations hereunder. (6) No Change in Law Affecting the Service Contract. No Change in Law shall have occurred after the Contract Date and before the Construction Commencement Date that would make the authorization, execution, delivery, validity, enforceability or performance of this Service Contract a violation of Applicable Law. Furthermore, since the Contract Date, there shall been no Change in Law (other than a Change in Law made by the County) or other Uncontrollable Circumstance which would (after giving effect to any provisions of this Service Contract which may require the County to bear the burden 43 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period of such Change in Law or other Uncontrollable Circumstance) (a) impose permit conditions or other legal requirements governing air emissions or Facility operations which, in the good faith judgment of the County, cannot reasonably be expected to be complied with, (b) materially and adversely affect the availability of solid waste disposal service to the County hereunder or the ability of the County to perform its obligations hereunder or under any other Transaction Agreement entered or to be entered into by the County pursuant to this Service Contract, or (c) increase the total cost to the County of waste disposal utilizing the Facility (including without limitation costs associated with the Service Fee, construction costs and Residue disposal) in the first full Contract Year by more than 50% of such total costs expected as of the Contract Date to be paid by the County hereunder in the first full Contract Year, as determined by the County in good faith. (7) Favorable Opinions of Counsel. The parties shall have received such favorable opinions of counsel to the agreements to be entered into in connection with the transactions contemplated hereby, in customary form for financing transactions, as to the matters of law covered by the representations set forth in Sections 2.1 and 2.2 hereof and similar matters of law with respect to such other agreements and as to such other matters of law as the party may reasonably request, together with appropriate certified authorizing resolutions and incumbency certificates to the extent reasonably available. SECTION 4.4. CLOSING THE DEVELOPMENT PERIOD. (A) Establishment of the Construction Commencement Date. The parties shall give each other prompt notice when each Construction Commencement Date Condition has been achieved. Upon the satisfaction or waiver of all of such Construction Commencement Date Conditions, the parties shall hold a formal closing on a date and at a location determined by the County, acknowledging such satisfaction, delivering copies of all relevant documents, and certifying that the Construction Commencement Date has occurred. The date of such closing shall be deemed to be the Construction Commencement Date hereunder, and thereupon the County shall issue its Notice to Proceed and the Construction Period shall commence. Written documents or instruments constituting or evidencing satisfaction of the Construction Commencement Date Conditions shall be furnished to each party prior to or on the Construction Commencement Date to the extent practicable. (B) Failure of Conditions. If by the fourth anniversary of the Contract Date (as such date may be extended day-for-day by any Legal Proceeding which has a material bearing upon the ability of the parties to proceed with the transactions contemplated hereby, but not later than the sixth anniversary of the Contract Date), or such later date upon which 44 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period the County and the Company may agree, any Construction Commencement Date Conditions in I Section 4.3 hereof is not satisfied or waived as a result of an Uncontrollable Circumstance, either party hereto may, by notice in writing to the other party, terminate this Service Contract. Neither party shall be liable to the other for the termination of this Service Contract pursuant to this subsection, and each of the parties shall bear its respective costs and expenses incurred in seeking to satisfy the Construction Commencement Date Conditions set forth in Section 4.3 hereof except as otherwise expressly provided herein. SECTION 4.5. COUNTY TERMINATION OPTION DURING THE DEVELOPMENT PERIOD. (A) County Convenience Termination Option Prior to Construction Commencement Date. The County shall have the right any time prior to the Construction Commencement Date, exercisable in its sole discretion for any reason upon seven days' written notice to the Company, to terminate this Service Contract. Upon any such termination, the County shall reimburse the Company for 100% of its Cost-Substantiated costs incurred directly by the Company and any expenses paid or incurred to third parties from the Contract Date to the termination date hereunder not previously compensated by the County, which are directly related to the performance of the Company's obligations, and which are necessary to be performed prior to the Construction Commencement Date subject to a maximum amount of the Fixed Development Price; and provided, that upon a termination pursuant to this Section prior to the 31~ day following the certification of the environmental impact statement in accordance with [cite], the County will reimburse the Company for 100% of its Cost- Substantiated costs incurred directly by the Company and any expenses paid or incurred to third parties from the Contract Date to the termination date hereunder not previously compensated by the County, which are directly related and necessary to the performance of the Company's Initial Development Period Responsibilities, subject to a maximum amount of $ [To be provided in B"01. (B) Delivery of Development Period Work Product to the County. Concurrently with payment by the County to the Company of the amount due upon any termination of this Service Contract under this Section, the Company shall deliver to the County all of its Development Period Work product. Such work product shall include, without limitation, all plans, specifications, designs (including CADD files in [Roger to propose software]), drawings, rendering, blueprints, manuals, equipment layouts, and Governmental Approvals and related applications, submittals and other information prepared for the purpose of planning, designing, constructing and operating the Design/Build Work or operating the Design/Build Work and securing Governmental Approvals and financial security for the Company's obligations pursuant hereto. In the event the County utilizes any incomplete 45 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IV - Development Period design provided by the Company following a convenience termination, the Company shall have no liability with respect thereto. (C) Costs. Records and Reportine. Prior to the Construction Commencement Date, the Company shall prepare and maintain proper, accurate and complete books and records of the cost and description of the permitting and other developmental work which the Company has performed since the Contract Date which is directly related to the Company's obligations under this Service Contract, the cost of which would be the responsibility of the County if the County were to elect to terminate this Service Contract pursuant to subsection (A) of this Section. 46 487571.8 028493 AGMT ARTICLE V DESIGN AND PERMITTING OF THE DESIGN/ BUILD IMPROVEMENTS SECTION 5.1. DESIGN WORK. (A) Performance of the Design Work. The Company agrees to undertake, perform, and complete the designs and plans in accordance with the Contract Standards and all other provisions and requirements of this Service Contract. The Company shall make design submittals to the County in accordance with Appendix 7. (B) Design Risk. The Company shall have sole and exclusive responsibility for the design of the Facility hereunder and the preparation of all plans, specifications, drawings, blueprints and other design documents necessary or appropriate to complete the Facility. All such design documents shall comply in all respects with the Contract Standards including Design Requirements and shall ensure that the Facility is constructed to a standard of quality, durability and reliability which is equal to or better than the standard established by the Contract Standards. The County and its Authorized Representative shall have the right to review and provide comment with regard to compliance with Contract Standards, but shall have no approval rights or other responsibilities or obligations with respect to, such design documents. (C) Changes to Design Requirements. The Company acknowledges the County's material interest in each provision of the Design Requirements and agrees that no change shall be made to the Design Requirements pertaining to the Facility hereto without the prior written approval of the County, which approval may be withheld in the sole discretion of the County. The Company, following written notice to the County, may make changes to certain items (as expressly designated in Appendix 3) (the "Supplemental Technical Information") of the Technical Specifications without the prior consent of the County; provided, however, that the Company shall not make any change which the County determines to be material and provides the Company notice thereof. In the event that during the performance of the design work, the Company determines that a requirement in Appendix 3 would prevent the Company from meeting the Acceptance Standards, the Company shall promptly notify the County of such determination. If the County agrees with the Company's determination, the Company shall propose a modification to the applicable Appendix 3 requirement that would enable it to meet the Acceptance Standards. No such modification shall be made without the prior written approval of the County. Any modification shall be made as a Change Order and shall be made at the Company's sole cost unless any such modification is required as a result of an Uncontrollable Circumstance. 47 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article V - Design and Permitting of the Design/Build Improvements (D) Licensing Requirements. Architects and engineers engaged by the Company for Facility design services shall be licensed to practice in the State and shall be experienced and qualified to perform such services. SECTION 5.2. PERMIT CONDITIONS. (A) Negotiation of Permit Conditions. The parties shall use all reasonable efforts in applying for any permit, license or approval required to commence construction hereunder to assure that the terms and conditions thereof are consistent with the Company's obligations hereunder. (B) Proposed Conditions and Company Evaluation. Within 10 days of the receipt of information as to proposed conditions or requirements to be contained in any draft or final permit, license or approval, the Company shall provide the County with written notice of its determination and reasoning as to whether and why the terms and conditions of any such draft or final permit, license or approval are more stringent than those of the Environmental Guarantee or any other obligation contained in this Service Contract. In the event the Company claims that such permit, license or approval contains conditions or requirements which are more stringent than those of the Environmental Guarantee or any other obligation contained in this Service Contract and constitutes a Change in Law or Uncontrollable Circumstance, the Company shall provide the County with notice and information required pursuant to Section 17.2 hereof. (C) Permit Acceptance - Conditions of Lesser Stringency Than Environmental Guarantee. If any permit, license or approval proffered as final by the DOH or USEPA contains terms and conditions which are no more stringent than those set forth in the Environmental Guarantee or any other obligation contained in this Service Contract, the County (without limiting its rights under Sections 4.4 and 4.5 hereof) shall accept such permit, license and approval, and the condition precedent to this Service Contract provided in subsection 4.2(A) shall be deemed to be satisfied. SECTION 5.3. PERMITTING WORK. (A) Company Permitting Responsibilities. The Company shall make all applications and take all other action necessary to obtain, and shall obtain and maintain all Governmental Approvals, necessary to commence, continue and complete the Facility including payment of all fees except for building permit fees which will be paid for by the County, costs and charges due in connection therewith except with respect to those approvals for which the County is obligated to obtain, maintain and/or pay for in accordance with Appendix 1. Where required under Applicable Law, such applications shall be made in the name of the County, subject to the County's rights hereunder. The Company shall manage the process of obtaining the Governmental Approvals on behalf of the County for which it is responsible hereunder in a manner which affords the 48 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article V - Design and Permitting of the Design/Build Improvements County a reasonable opportunity to review and comment upon such submittals and all material documentation submitted to and issued by any Governmental Body in connection therewith as provided in Appendix 7. The Company shall not knowingly take any action in any application, data submittal or other communication with any Governmental Body regarding Governmental Approvals or the terms and conditions thereof that would impose any unreasonable cost or burden on the County or that would contravene any County policies with respect to the matters contained therein. The County reserves the right to reject, modify, alter, amend, delete or supplement any information supplied, or term or condition proposed, by the Company which would have the effect described in the preceding sentence. The Company, at its cost and expense, shall cooperate with and assist the County, including by providing to the County and all involved regulatory agencies all data and information that is within its possession and its control (including proprietary information and all information specific to the Facility which may exist or be required by the involved regulatory agencies to be developed by the Company) which may be required in order to properly apply for and obtain such permits, licenses and approvals. All such data and information shall be correct and complete in all material respects. (B) County Permitting Responsibilities. The County shall make all applications and take all other action necessary to obtain, and shall obtain, maintain and pay for those approvals for which the County is obligated to obtain, maintain and pay for in accordance with Appendix 1. In addition, the County shall be responsible for paying the application fees (and no other associated costs) for certain Government Approvals set forth in Appendix 1 which are to be obtained and maintained by the Company, as indicated in Appendix 1. In addition, the County shall provide reasonable assistance to the Company in connection with the Company's obligation to obtain and maintain the Governmental Approvals which it is required to obtain under this Section, including signing permit applications, attending public hearings and meetings of the Governmental Bodies charged with issuing such Governmental Approvals, and providing the Company with existing relevant data and documents that are within its custody or control and which are reasonably required for such purpose. Any such assistance shall be provided upon the reasonable request of the Company made directly to the County. This covenant shall not obligate the County to staff the Company's permitting efforts, to undertake any new studies or investigations with respect to the Facility, or to affirmatively seek to obtain the issuance of the Governmental Approvals required under this Section. The County, however, shall not take any action which seeks to cause the denial or delay of any application for a Governmental Approval. Any agreement by the County to cooperate does not in any way obligate the County with respect to usual and customary County permitting, code compliance and other regulatory reviews as they may relate 49 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article V - Design and Permitting of the Design/Build Improvements to the Company or the Company's requirements hereunder. The outcome of any regulatory review or action undertaken by the County involving the Company will be independent of and in no way biased, prejudiced, or predetermined in any way by this Service Contract. Nothing in this Service Contract is intended or shall be construed to require that the County exercise its discretionary authority under its regulatory ordinances in a manner favorable to the Company. (C) Company Assumption of Permitting Risk for Facility. The Company explicitly assumes the risk of obtaining and maintaining all Governmental Approvals for which it is responsible pursuant to Appendix 1 that are required for the Facility, including the risk of delay (except as otherwise set forth in paragraph (D) below), non-issuance or imposition of any term or condition in connection therewith by a Governmental Body. In assuming this risk, the Company acknowledges in particular that the delay (except as otherwise set forth in paragraph (D) below) or non-issuance of any Governmental Approval required pursuant to subsection 4.2(B) beyond the Schedule Construction Date will give the County the right to terminate this Service Contract for an Event of Default in accordance with Article XVI. In the event the County elects not to terminate this Contract pursuant to such an Event of Default, the Company acknowledges that the delay or non-issuance of any Governmental Approval required pursuant to subsection 4.2(B) beyond the Schedule Construction Date will delay the occurrence of the Construction Commencement Date and will have the effect of (i) eliminating any escalation of the Fixed Design/Build Price pursuant to Section 9.2(C) and (ii) compressing the period within which the completion of construction, acceptance testing and all other Design/Build Work will need to be completed hereunder in order to avoid delay liquidated damages pursuant to Section 8.9. (D) Failure of Company to Obtain Governmental Approval in a Timely Manner. In the event the Company fails to obtain any Governmental Approval necessary to commence construction for which it is responsible for obtaining prior to the Scheduled Construction Date and (i) the Company has diligently taken all measures to obtain such approval, (ii) such failure is not the result of the quality or completeness of the submittal application or of the nature of the design or approach reflected in such submittal, and (iii) the issuing Governmental Body has failed to respond to the Company submittal(s) in a reasonably timely manner taking into consideration the nature of the required review and the reasonable review period for similarly situated applicants, such failure shall not constitute an Event of Default, the Scheduled Acceptance Date shall be extended by the number of days by which such delay materially adversely affects the Company's critical path schedule and the Company will be entitled to escalation of the Fixed Design/Build Price in accordance with Section 9.2. No other relief shall be afforded the Company as a result of such delay. [Under review by Wheelabrator] 50 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article V - Design and Permitting of the Design/Build Improvements SECTION 5.4. COMPLIANCE WITH APPLICABLE LAW. (A) Compliance with Applicable Law and Equipment Operating Requirements. In designing, constructing, commissioning, starting up and testing the Facility, the Company shall comply with Applicable Law, shall construct and operate all equipment and systems comprising the Facility in accordance with the Contract Standards and applicable equipment manufacturer's specifications and recommendations, and shall observe the same safety standards as are set forth in Section 11.8 with respect to the operation of the Facility and such other safety requirements set forth in Appendix 8. (B) Compliance with Conditions in Governmental Approvals. The Company shall comply with all conditions and requirements of all Governmental Approvals required to be made, obtained or maintained under Applicable Law in connection with the continuance of the Design/Build Work. (C) Governmental Approvals Necessary for Continued Construction. The Company shall make all necessary filings, applications and reports necessary to obtain and maintain all Governmental Approvals required to be made, obtained or maintained under Applicable Law in connection with the continuance of the Design/Build Work once commenced. The County shall cooperate with the Company in connection with the foregoing undertaking. (D) Fines. Penalties and Remediation. Except to the extent excused by Uncontrollable Circumstances, in the event that the Company or any Subcontractor fails at any time to comply with Applicable Law with respect to the Design/Build Work, the Company shall, without limiting any other remedy available to the County upon such an occurrence and notwithstanding any other provision of this Service Contract: (1) immediately take steps to correct such failure and continue to implement a plan to correct such failure so that the failure is remedied as soon as possible and resume compliance with Applicable Law; (2) bear all Loss- and-Expense of the Company and the County resulting therefrom; (3) pay or reimburse the County for any resulting damages, fines, assessments, levies, impositions, penalties or other charges; (4) make all changes in performing the Design/Build Work which are necessary to assure that the failure of compliance with Applicable Law will not recur; and (5) comply with any corrective action plan filed with or mandated by any Governmental Body in order to remedy a failure of the Company to comply with Applicable Law. 51 487571.8 028493 AGMT ARTICLE VI FINANCING AND POWER PURCHASE AGREEMENT SECTION 6.1. COUNTY FINANCING. The County shall secure the availability of all funds necessary to pay the Design/Build Price in a timely manner, whether through the authorization or issuance of debt obligations of the County or otherwise as determined by the County. Payments of the Design/Build Price shall be made by the County to the Company in the manner provided in Article IX and Appendix 10. SECTION 6.2. POWER PURCHASE AGREEMENT. (A) General Terns. The Power Purchase Agreement shall provide for the purchase by the Power Purchaser of all of the electrical output of the Facility net of Facility usage, subject to reasonable exceptions, with an "all in" price of $0.15 per kWh for a term of at least 5 years. (B) Company Responsibilities. The Company shall carry out and perform all of the construction and maintenance responsibilities assumed by the County as seller under the Power Purchase Agreement relating to the electrical interconnection and related equipment and to the supply of electricity to the Power Purchaser and the operation of the Facility in accordance with the terms of the Power Purchase Agreement. In addition, the Company shall coordinate operational communications with the Power Purchaser, provide reasonable assistance in generating data for submission to the Power Purchaser, any of its Affiliates, the DOH, and the Federal Energy Regulatory Commission, and plan scheduled maintenance in conjunction with the requirements of the Power Purchaser, subject to the requirements of the DOH. The Company shall not be responsible for any other obligations under the Power Purchase Agreement, including the required security deposit or for administrative matters other than that of operational communications. In the event the Company fails to perform its obligations hereunder, unless excused by Uncontrollable Circumstances or County Fault, and such failure causes any reduction in revenues or additional expense to the County under the Power Purchase Agreement, the Company shall promptly reimburse the County for the amount of any such reduction in revenues or additional expense; provided, however, that if any such Company failure of performance hereunder would not have caused any such reduction in revenues or additional expense except for the occurrence of an Uncontrollable Circumstance, County Fault or the failure of the County to deliver Processible Waste in amounts necessary to allow the generation of electricity (based on the Company's Performance Guarantees) at levels sufficient to avoid reduction in revenues or additional expense to the County under the Power Purchase Agreement, then the Company shall have no liability for any such reduction in revenues or additional expense. The standard of performance for determining compliance by the Company with its obligation to generate electricity hereunder, insofar as such obligation relates to liability for any such reduction in revenues or additional expense, shall be the full 52 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VI - Financing and Power Purchase Agreement Acceptance Standard for energy recovery determined as provided in Appendix 6 hereto; provided, however, that available Facility operating data and records including the compliance monitoring forms contained in Appendix 6 hereto, rather than a special energy recovery performance test, shall be used to determine such compliance; and provided further, that if such failure to perform results only in a reduction in exportable electricity below the Company's Annual Electricity Production Guarantee, the damages set forth in Article XII with respect to such shortfall shall be the County's remedy. The Power Purchase Agreement shall not be amended in a manner that would materially adversely affect the Company's rights and responsibilities without the consent of the Company. 53 487571.8 028493 AGMT ARTICLE VII CONSTRUCTION OF THE FACILITY SECTION 7.1. AGREEMENT TO CONSTRUCT. (A) Commencement of Construction. The Company shall commence the preparation of those portions of the Site on which the Design/Build Work will be performed or which will be utilized for laydown and staging, the disposal of any debris thereon, and the construction of the Facility in accordance with the Design Requirements promptly after the Construction Commencement Date, and shall proceed with due diligence to cause the Facility to be started up and tested for Acceptance in accordance with this Service Contract. All excavated soil and other debris or waste generated from the Facility shall be used or disposed of properly by the Company at its expense (except for Hazardous Material which the County has not identified in Appendix 18; provided, however, the County shall use good faith efforts to provide for the disposal at the South Hilo Landfill of soil excavated from the Site if such soil meets County specifications for landfill cover or constitutes Processible Waste and to otherwise identify areas on County-owned land surrounding the Site on which the Company may dispose of such materials. Subcontracts entered into by the Company for the construction of the Facility shall neither supersede nor abrogate any of the terms or provisions of this Service Contract. Laydown and staging areas for construction materials shall be located on the Site or at other locations agreed to by the parties. (B) Construction Practice. The Company shall perform the Design/Build Work in accordance with the Contract Standards and shall have exclusive responsibility for all construction means, methods, techniques, sequences, and procedures necessary or desirable for the correct, prompt, and orderly prosecution and completion of the Facility as required by this Service Contract. The responsibility to provide the construction means, methods techniques, sequences and procedures referred to above shall include, but shall not be limited to, the obligation of the Company to provide the following construction requirements as further set forth in Appendix 4: (1) temporary power and light, (2) temporary offices and construction trailers, (3) required design certifications, (4) required approvals, (5) weather protection, (6) site clean-up and housekeeping, (7) construction trade management, (8) temporary parking (beyond the parking provided by the County as described in Appendix 18), (9) safety and first aid facilities, (10) correction of defective work or equipment, (11) Subcontractors' insurance, (12) staging areas (beyond the storage areas provided by the County as described in Appendix 18), (13) workshops and warehouses, (14) temporary fire protection, (15) site security, (16) potable water (the Company is permitted to use the County's water supply for domestic use only), (17) telecommunications, (18) sanitary facilities, (19) fuel, (20) Subcontractor and vendor qualification, (21) receipt and unloading of delivered materials 54 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility and equipment, (22) erection rigging, (23) temporary supports, (24) temporary utilities, (25) propane gas and (26) construction coordination. (C) Measurements. The Company shall be responsible for all measurements required for execution of the Facility to the exact position and elevation as required by this Service Contract. (D) Engagement of Authorized Representative. The County may designate a representative ("Authorized Representative") to assist it in connection with this Service Contract. The services of the Authorized Representative may include but shall not be limited to the following: (1) review and monitor construction progress, payments and procedures; (2) determine the completion of specified portions of the Facility and review the release of funds to the Company pursuant hereto; (3) review proposed changes to the Design Requirements; (4) review Facility drawings, plans and specifications available to the County hereof for compliance with the Design Requirements; (5) monitor the Acceptance Tests undertaken by the Company to determine whether any Acceptance Standard has been satisfied; (6) review the validity of the Company's written notice that an Uncontrollable Circumstance has occurred; and (7) review and advise the County with respect to material changes to the Facility during the Term of this Service Contract. It is understood that the services intended to be provided by the Authorized Representative shall be of an observational nature only, unless additional inspection, testing or monitoring services are requested by the County pursuant to subsection 7.6(C) hereof. The Company agrees to cooperate with all reasonable requests made by the Authorized Representative in connection with the performance of such duties for the County. The fees of the Authorized Representative shall be paid by the County, except that the Company shall reimburse the County, on a Cost Substantiated basis, for any services performed by the Authorized Representative in connection with each repetition of all or any portion of the initial Acceptance Tests unless and to the extent any such additional Acceptance Tests are required as a result of Uncontrollable Circumstances or County Fault. (E) Title and Risk of Loss. Title to the structures, improvements, fixtures, machinery, equipment and materials constituting the Facility shall pass to the County upon 55 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility incorporation in the Facility or payment therefor by the County, whichever first occurs, free and clear of all Liens as provided in subsection (F) of this Section. The Company shall, however, bear all risk of loss (except deductibles to the extent the loss is due to an Uncontrollable Circumstance) concerning such structures, improvements, fixtures, machinery, equipment and materials until Acceptance, regardless of the extent to which the loss was insured or the availability of insurance proceeds. (F) Encumbrances. The Company shall not directly or indirectly, without the County's consent, create or permit to be created or to remain, and shall promptly discharge or bond any Encumbrance arising in relation to the Facility, Site or Design/Build Work, other than Permitted Encumbrances, arising out of the Company's construction of the Facility. (G) Utilities. The Company shall make all arrangements necessary to secure the availability of all Utilities required to construct the Project and operate the Facility in the capacities required hereunder. In the event the County is required to grant Utility easements on the Site in connection with the Design/Build Work, the Company shall provide complete descriptions of all Utility connections and routes on the Site necessary for such purposes. The Company shall also be required to connect all Utilities at a point located at the Site boundary, as more particularly described in Appendix 3. (H) Payment of Costs. The Company shall pay directly all costs and expenses of the Design/Build Work of any kind or nature whatsoever, including all costs of permitting (regardless of permittee); regulatory compliance and Legal Proceedings brought against the Company; obtaining and maintaining the Security Instruments and Required Insurance; payments due under the Subcontracts with Subcontractors or otherwise for all labor and materials; legal, financial, engineering, architectural and other professional services of the Company; sales, use and similar Taxes on building supplies, materials and equipment; general supervision by the Company of all Design/Build Work; Company preparation of schedules, budgets and reports; keeping all construction accounts and cost records; and all other costs required to achieve Final Completion. (I) Notice of Default. The Company shall provide to the County, promptly following the receipt thereof, copies of any notice of default, breach or non-compliance received under or in connection with any Governmental Approval or Subcontract pertaining to the Design/Build Period. (J) Compliance With Law. In designing, constructing, starting up and testing the Facility, the Company shall comply with Applicable Law, shall construct and operate all equipment and systems constituting the Facility in accordance with good engineering practice and applicable equipment manufacturers' specifications and 56 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility recommendations, and shall observe all applicable safety standards with respect to the operation of the Facility. SECTION 7.2. COMMENCEMENT OF WORK. (A) Notice to Proceed. The County shall give the Company a Notice to Proceed upon the satisfaction or waiver of all of the Construction Commencement Date Conditions as set forth in Section 4.2. Thereafter, the Company shall undertake the Design/Build Work so as to achieve Acceptance on or before the Scheduled Acceptance Date. (B) Time. The Company's failure to achieve Acceptance on or before the Scheduled Acceptance Date will result in assessment of damages under Section 8.9 hereof. (C) Effect of Progress Schedule. As part of the Monthly Progress Report required under subsection 7.3(F) hereof, the Company shall submit to the Authorized Representative a progress schedule completed with corresponding dates of completion. The Company agrees that the Company's submission of any such progress schedule is for the County's information only; and the County's acceptance of any such progress schedule shall not bind the County or the Company in any manner. Thus, the Authorized Representative's acceptance of any such progress schedule shall not imply that the County: (1) approves the Company's proposed staffing or scheduling of the Design/Build Work; (2) agrees or guarantees to the Company or any other person that the Company has the capacity or ability to complete the Facility in accordance with the progress schedule, or that the Facility can or will be completed in accordance with the monthly progress schedule; or (3) consents to any changes in scheduling, or agrees to any extension of time, unless the County agrees specifically in writing to the applicable change. SECTION 7.3. DESIGN REVIEW, OBSERVATIONS. TESTING AND UNCOVERING OF WORK. (A) Observations and Design Review Protocol. During the progress of the Design/Build Work through Acceptance, the Company shall at all times during normal working hours afford the County, appropriate regulatory agency representatives, the Authorized Representative and all County consultants every reasonable opportunity for observing all Design/Build Work at the Site, and shall comply with the requirements of Appendix 7 and the Design/Build Quality Management Plan contained in Appendix 5. During any such observation, all representatives of the County and the County's consultants and regulatory body representatives shall comply with all reasonable safety and other rules and regulations applicable to presence in or upon the Site or the Facility, and shall in no material way interfere with the Company's performance of any Design/Build Work. 57 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility (B) Tests. The Company shall conduct all tests of the Facility (including i shop tests) or inspections required by Appendix 6, the Design Requirements or by Applicable Law or Insurance Requirements. The Company shall give the County, the Authorized Representative, the appropriate construction code enforcement agency, and County consultants designated by the County Authorized Representative reasonable advance notice (at least 10 business days for those tests which must be witnessed by third parties in accordance with Applicable Law) of tests or inspections prior to the conduct thereof. In no event shall the inability, failure, or refusal of the Authorized Representative or any County consultant or State representative to attend or be present at or during any such test or inspection, delay the conduct of such test or inspection or the performance of the Design/Build Work. If required by Applicable Law or Insurance Requirements, the Company shall engage a licensed engineer or architect to conduct or witness any such test or inspection. All analyses of test samples shall be conducted by persons appearing on lists of laboratories authorized to perform such tests by the State or federal agency having jurisdiction or, in the absence of such an authorized list in any particular case, shall be subject to the approval of the County, which shall not be unreasonably withheld. Acceptance Testing of the performance of the completed Facility shall be conducted in accordance with Appendix 6 hereto. (C) County Observations, Inspections and Tests. The County, its employees, agents, representatives and contractors (which may be selected in the County's sole discretion), and all Governmental Bodies, may at any reasonable time conduct such on-site observations and inspections, and such civil, structural, mechanical, electrical, chemical, or other tests as the County, the Authorized Representative or Governmental Body deems necessary or desirable to ascertain whether the Facility complies with this Service Contract. The Company shall not restrict the ability of the County or the Authorized Representative to take progress photographs of the Facility construction. The County will pay for any test, observation or inspection requested by the Authorized Representative and incur any costs directly resulting from a delay in performing the Design/Build Work caused by such test or inspection (and not required under subsection 7.6(B) hereof or as Extra Design/Build Work under Section 7.9 hereof). The test, observation or inspection shall be treated as an Uncontrollable Circumstance hereunder, the cost of which shall be borne by the County, unless such test, observation or inspection reveals a material failure of the Facility to comply with this Service Contract or Applicable Law, in which event the Company shall bear all reasonable costs and expenses of such observation, inspection or test and of any such delays. If the test, observation and inspection is requested by a Governmental Body (other than the County) the cost and delay resulting from such test, observation or inspection shall be treated as an Uncontrollable Circumstance, unless the test, observation or inspection reveals a material failure of the Facility to comply with this Service 58 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility Contract or Applicable Law, in which event the Company shall bear all reasonable costs and i expenses of such observation, inspection or test and of any such delays. (D) Certificates and Reports. The Company shall secure and deliver to the Authorized Representative promptly, at the Company's sole cost and expense, all required certificates of inspection, test reports, work logs, or approvals with respect to the Facility as and when required by the Design Requirements or by Applicable Law or Insurance Requirements. The Company shall provide to the County, immediately after the receipt thereof, copies of any notice of default or noncompliance received by the Company under or in connection with any Governmental Approval, Subcontract, or other transaction agreement pertaining to the Construction Period. (E) Taking Apart. Uncovering and Replacing Design/Build Work. The Company shall give the County reasonable notice (at least 10 business days for those events which must be witnessed by third parties in accordance with Applicable Law) of its upcoming schedule with respect to the covering and completion of any Design/Build Work. The County shall give the Company reasonable notice of any intended inspection or testing of such Design/Build Work in progress prior to its covering or completion, which notice shall be sufficient to afford the County and the Authorized Representative a reasonable opportunity to conduct a full inspection of such Design/Build Work, including, but not limited to, at least 5 business days' advance notice with respect to all final visual inspections and tests of all mechanical equipment and Design/Build Work. At the County's written request, the Company shall take apart or uncover for inspection or testing any previously covered or completed Design/Build Work; provided, however, that the County's right to make such requests shall be limited to circumstances where there is a reasonable basis for concern by the County that the disputed Design/Build Work conforms with the requirements of this Service Contract. The cost of uncovering, taking apart, or replacing such Design/Build Work along with the costs related to any delay in performing Design/Build Work caused by such actions, shall be borne as follows: (1) by the Company, if such Design/Build Work has been covered prior to any observation or test required by the Design Requirements or by Applicable Law or Insurance Requirements or if such Design/Build Work has been covered prior to any observation or test as to which the County has provided reasonable advance notice of its intent to conduct; and (2) in all other cases, as follows: (a) by the Company, if such observation or test reveals that the Design/Build Work does not comply with this Service Contract; or 59 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility (b) by the County, if such observation or test reveals that the Design/ Build Work does comply with this Service Contract. In the event such Design/Build Work is revealed to comply with this Service Contract, the delay caused by such observation or test shall be treated as having been caused by an Uncontrollable Circumstance and any costs incurred with respect to such observation or test shall be borne solely by the County. (F) Monthly On-Site Meetings and Design and Construction Review. During the Construction Period, the Company, the County and the Authorized Representative shall conduct management meetings on at least a monthly basis, and shall conduct construction progress meetings on a weekly basis as set forth in Appendix 8. Such meetings shall take place on the Site in a field office to be provided by the Company. At such meetings, discussions will be held concerning all aspects of Design/Build Work construction including, but not limited to, construction schedule, progress payments, Extra Design/Build Work, shop drawings, progress photographs to the extent available, and any soil boring data and shop test results. A monthly progress report, (the "Monthly Progress Report") containing all relevant information as required by Appendix 8, shall be prepared by the Company and provided to the County and the Authorized Representative at least five (5) days prior to each monthly meeting. It is the desire of the parties to resolve disputes arising out of monthly on-site meetings or the Monthly Progress Report without third party intervention and, therefore, prior to instituting the dispute resolution methods set forth in Article XVI, senior officials from the Company and the County shall meet to attempt to resolve any such dispute. SECTION 7.4. CORRECTION OF DESIGN/BUILD WORK. (A) Correction of Non-Conforming Design/Build Work. The Company at its sole cost and expense shall repair, restore, rebuild or replace and correct promptly, any Design/Build Work which does not conform with the requirements of this Service Contract. If the Company fails to repair, restore, rebuild or replace and correct promptly, any such Design/Build Work, the County may give to the Company written notice of the need to correct such non-conforming Design/Build Work. The Company shall have the right to object to the County's determination within five (5) days of receipt of the County notice, and the matter may be submitted for dispute resolution pursuant to Section 16.11 hereof. Notwithstanding the Company's right of objection, upon receipt of County notice pursuant to this subsection, the Company shall, without being deemed to have waived such objection, at its cost and expense, complete, repair, replace, restore, rebuild and correct promptly the non-conforming Design/Build Work. The failure of the Company to do so shall constitute a Company Fault under the terms of this Service Contract. Failure of the County to provide a notice of non-compliance shall not constitute a waiver of any rights hereunder. 60 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility (B) Costs of Correction. The costs of correcting rejected or omitted Design/Build Work shall be borne by the Company. If it is determined by the parties or through dispute resolution pursuant to Section 16.11 hereof that the corrective action was not necessary to conform the Design/Build Work with the requirements of this Service Contract, the County shall reimburse the Company for its costs and expenses incurred in correcting the Design/Build Work, subject to Cost Substantiation and the Scheduled Acceptance Date shall be extended to reflect delays caused by such corrective work. (C) Elective Acceptance of Defective Design/Build Work. The County may elect, at the Company's request, to accept non-conforming Design/Build Work and charge the Company, by Change Order, for the amount agreed upon by the parties, which amount shall reflect the reduction in value of the Company's services or Design/Build Work has been reduced. (D) Relation to Other Obligations. The obligations specified in subsection 7.4(A) hereof establish only the Company's specific obligation to correct the Design/Build Work and shall not be construed to establish any limitation with respect to any other obligations or liabilities of the Company under this Service Contract. This Section 7.4 is intended to supplement (and not to limit) the Company's obligations under the Acceptance Test Procedures and Standards and any other provision of this Service Contract or Applicable Law. (E) Payments of Amounts Owed. Any amounts for which the Company is responsible under this Section shall be deducted from the unpaid balance of the Design/Build Price; and the Company shall pay to the County upon demand any amount owing under this Section which exceeds the unpaid balance of the Design/Build Price. SECTION 7.5. DAMAGE TO THE FACILITY. (A) Damage Prevention. In performing the Design/Build Work, the Company shall use care and diligence, and shall take precautions to protect the Facility. Prior to Acceptance, such care and diligence with respect to such system shall include reasonable and appropriate security measures, fencing, protective features (such as waterproof coverings and/or roofing, boards, boxing, frames, canvas guards, and fireproofing), and other safeguards to the extent necessary and proper in the performance of the Design/Build Work. (B) Restoration. During the Construction Period, in case of damage to the Facility, and regardless of the extent thereof or the estimated cost of restoration, and whether or not any insurance proceeds are sufficient or available for the purpose, the Company shall promptly undertake and complete restoration of the damage to Facility to the character and condition existing immediately prior to the damage in accordance with the procedures set forth herein, as applicable, regarding Uncontrollable Circumstances, Change Orders or Extra 61 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility Design/Build Work. If the Company fails to undertake restoration of the damage, or having so i commenced fails to complete restoration in accordance with this Section and the revised progress schedule, the County may (but shall not be obligated to) undertake or complete restoration at the Company's expense to the extent applicable. (C) Notice and Reports. The Company shall notify the County, any other appropriate Governmental Body, and the insurers under any applicable Required Insurance of any damage to the Facility, or any accidents on the Site related to the Facility or otherwise caused by the Company, as promptly as reasonably possible after the Company learns of any such damage or accidents; and, as soon as practicable after learning of any such occurrence (but in no event later than 72 hours), the Company shall submit a full and complete written report to the Authorized Representative and the County. Such report shall be updated on a weekly basis and upon culmination of all tests, analysis and reviews, a final report incorporating all of the test, analysis and reviews and the findings thereof shall be submitted to the County. The Company shall also submit to the Authorized Representative and the County copies of all accident and other reports filed with (or given to the Company by) any insurance company, adjuster, or Governmental Body or otherwise prepared or filed in connection with the damage or accident which does not constitute privileged information under Hawaii law, and prior to resuming work, shall provide written releases of OSHA and other Governmental Bodies, as applicable. SECTION 7.6. CHANGE ORDERS AND EXTRA DESIGN/BUILD WORK. (A) Right to Issue Change Orders. The County, subject to the provisions of subsection 7.9(F) hereof, may issue Change Orders pertaining to any and all aspects of the Design/ Build Work at any time and for any reason whatsoever, whether and however such Change Orders revise this Service Contract, add Extra Design/Build Work or omit Design/Build Work. (B) Extra Design/Build Work. The Company shall, except to the extent excused under subsection 7.9(F) hereof, undertake and complete promptly all Extra Design/Build Work authorized under this Section. The Company shall not perform any Extra Design/Build Work without a Change Order authorized by the County. The Company shall be entitled to additional compensation for Extra Design/Build Work, determined in accordance with this Section ("Extra Payment"). (C) Extra Design/Build Work Caused by Company Fault. The Company shall not be entitled to any Extra Payment for any Extra Design/Build Work, if and to the extent required by reason of any Company Fault. 62 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility (D) Cost Reductions from Change Orders. The Design/Build Price shall be i reduced if and to the extent that any Change Order, whether for omitted Design/ Build Work or otherwise, results in any reduction in the Company's cost of the Design/Build Work. (E) Proposal for Extra Design/Build Work. If the County requires Extra Design/Build Work involving items of Design/Build Work, the County may request the Company to submit a lump-sum price for Extra Design/Build Work covered by any proposed Change Order which price shall be broken out by the categories of work to be done and corresponding costs. Within seven (7) days after receipt of any such request (unless a longer or shorter period is specified or is reasonably required by the Company taking into account the scope and complexity of the proposed Change Order), the Company shall submit a written quotation on a lump-sum basis (or on a unit-price basis if unit prices for the items involved were previously set forth in this Service Contract or are appropriate to the proposed Extra Design/Build Work). With respect to any Extra Design/Build Work necessitated by Uncontrollable Circumstances, the Company agrees to a reduced profit with respect thereto as set forth in Appendix 10 hereto. The Company shall include with each quotation Cost Substantiation therefore in accordance with the definition thereof and Appendix 10. Any such quotation shall be deemed the Company's offer to the County, binding for 30 days, to perform the Extra Design/Build Work at the price quoted. In addition, each quotation shall include the i effect, if any, of the Extra Design/Build Work on the progress schedule, the ability to meet the Acceptance Standards or standards more stringent than the Acceptance Standards, the Scheduled Acceptance Date, the Design/Build Price and any of the other obligations of the Company under this Service Contract. If the County does not accept the Company's quotation, the County shall reimburse the Company its Cost-Substantiated third party costs associated with the production of the quotation and the Company shall use reasonable efforts to procure three quotations for the Extra Design/Build Work and any individual elements thereof, which shall constitute the Company's offer to the County, binding for 30 days. Alternatively, the County, as owner, may bid-out the work directly with another contractor, provided that the Service Agreement is modified to reflect the effect, if any, of such Extra Design/Build Work on the rights and obligations of the parties. (F) Conditions to Obligation to Proceed. The parties shall promptly proceed to negotiate in good faith to reach agreement on the price to be paid the Company for the Extra Design/Build Work and on the effect of the Extra Design/Build Work on any other obligations of the Company under this Service Contract. In order to receive payments for Extra Design/Build Work, the Company shall submit Requisitions, which will include all Cost Substantiation information (unless a lump sum price is agreed upon), to the County, with a copy to the Authorized Representative on a monthly basis, for amounts specified in this 63 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility subsection 7.6(F) as they are incurred. The Requisition and payment procedure shall be in i accordance with Sections 9.3 and 9.4 hereof. (G) Obligation to Proceed Notwithstanding Dispute. In the event the County and the Company are unable to agree on a price and any adjustments to this Service Contract which are occasioned by a Change Order for Extra Design/Build Work within a reasonable period of time after conducting good faith negotiations with respect thereto pursuant to subsection 7.6(F) hereof, the Company at the election of the County shall perform the Extra Design/Build Work on a Cost Substantiation basis. (H) Disputed Work. If the Company is of the opinion that any Design/Build Work which it elects to perform in the absence of any agreement under subsection 7.6(F) is Extra Design/Build Work and not original Design/Build Work ("Disputed Work"), the Company shall give the County and the Authorized Representative a written notice of dispute before commencing the Disputed Work. (I) Notice: Waiver. The Company shall give reasonable advance notice to the Authorized Representative in writing of the scheduling of all Extra Design/Build Work and all Disputed Work. The Company's failure to give such written notice of Disputed Work under this Section shall constitute a waiver of Extra Payment, any extension of time, and all other loss and expenses whatsoever relating to the particular Disputed Work. SECTION 7.7. PATENT. COPYRIGHT AND OTHER PROTECTED MATERIAL. (A) Property of the County. The Design Requirements and all other documents forming part of this Service Contract, the Deliverable Material, and all drawings, notes, studies, surveys, computer programs, films, draft and final reports, and other documents issued by the County or by the Company to the County in connection with this Service Contract or the Design/Build Work shall be "works for hire" and remain the property of the County and the County will own all copyrights thereto, whether or not the County undertakes the Design/Build Work or subsequently terminates the Design/Build Work or this Service Contract. (B) Delivery of Deliverable Material. As the Design/Build Work progresses (or upon the termination of the Company's right to perform the Design/Build Work), the Company shall deliver to the County all Deliverable Material as otherwise required herein. (C) Use of Deliverable Material, Processes and Equipment. If any Deliverable Material, process or equipment utilized in the Facility is patented or copyrighted by other persons (or is or may be subject to other protection from use or disclosure), the County shall have a royalty-free perpetual license to use the same with respect to the Facility. Subject to Section 19.4, the County shall have the right to use (or permit use ol) all such Deliverable Material, process or equipment, all oral information whatsoever received by the County in 64 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility connection with the Facility, and all ideas or methods represented by such Deliverable Material, process or equipment, at any time without additional compensation, but solely for purposes of the ownership, construction and operation of the Facility. (D) Substitutes for Deliverable Material. Process or Equipment. If the County is enjoined or otherwise legally prohibited from using any Deliverable Material, process or equipment (or any affected portion of the Facility) for reasons other than Uncontrollable Circumstances, or County Fault, the Company, at its expense, shall: (1) acquire the right to legally use under infringed patents or copyrights; or (2) modify or replace infringed Deliverable Materials, processes or equipment (or any affected portion of the Facility) with uninfringed Deliverable Materials, processes or equipment (or any affected portion of the Facility) equivalent in quality, performance, useful life and technical characteristics and development. SECTION 7.8. COUNTY TERMINATION OPTIONS DURING THE CONSTRUCTION PERIOD. (A) County Termination for Cause. The County shall have the right during the Construction Period to terminate this Service Contract for cause and to pursue all remedies available pursuant to Article XVI, without cost or liability to the County, based upon the occurrence of any Event of Default by the Company during the Construction Period. (B) Cost Records and Reporting. During the Construction Period, the Company shall prepare and maintain proper, accurate and complete books and records of the cost and description of the permitting and other work which the Company has performed since the Construction Commencement Date which is directly and solely related to the Company's obligations during the Construction Period under this Service Contract, the cost of which would be the responsibility of the County if the County were to elect to terminate this Service Contract pursuant to this Section. (C) Delivery of Construction Period Work Product to the County. Concurrently with payment by the County to the Company of the amount due upon any termination of this Service Contract under this Section, the Company shall deliver to the County all of its Construction Period work product produced during the period commencing on the Contract Date to the Termination Date hereunder, which work product immediately shall become the property of the County. The County's use of any such work product for any purpose other than the Design/Build Work shall be at its own risk and the Company shall have no liability therefor. SECTION 7.9. PERSONNEL. (A) Personnel Performance. The Company shall enforce discipline and good order at all times among the Company's employees and all 65 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility Subcontractors. All persons engaged by the Company for Design/Build Work shall have requisite skills for the tasks assigned. The Company shall employ or engage and compensate engineers and other consultants to perform all engineering and other services required for the Design/Build Work. All firms and personnel performing Design/Build Work, including Subcontractor firms and personnel, shall meet the licensing and certification requirements imposed by Applicable Law. (B) Construction Manager. The Company shall designate an employee of the Company, any Affiliate of the Company, or the Company's construction subcontractor as the construction manager (the "Construction Manager"), who shall be present on the Site with any necessary assistants on a full-time basis when the Company or any Subcontractor is performing the Design/Build Work. The Construction Manager shall, among other things: (1) be familiar with the Design/Build Work and all requirements of this Design/Build Contract; (2) coordinate the Design/Build Work and give the Design/Build Work regular and careful attention and supervision; (3) maintain a daily status log of the Design/ Build Work; and (4) attend all monthly management meetings, weekly construction meetings and applicable design-related meetings with the County and the County Authorized Representative. The Company may change the person assigned as Construction Manager, subject to the provisions of subsection (C) of this Section. (C) County Rights With Respect to Key Personnel. The Company acknowledges that the identity of the key management and supervisory personnel proposed by the Company and its Subcontractors in its proposal submitted in response to the RFP was a material factor in the selection of the Company to perform this Service Contract. The Company's key management and supervisory personnel and their affiliations are set forth in Appendix 13. The Company shall utilize such personnel to perform such services unless such personnel are unavailable for good cause shown. "Good cause shown" shall not include performing services on other projects for the Company or any of its Affiliates, but shall include termination for cause, employee death, disability, retirement or resignation. In the event of any such permissible unavailability, the Company shall utilize replacement key management and supervisory personnel of equivalent skill, experience and reputation. Any change to key personnel shall be proposed to the County for its review, consideration and approval (not to be unreasonably withheld). 66 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VII - Construction of the Facility (D) Labor Disputes. The Company shall furnish labor that can work in harmony with all other elements of labor employed for the performance of the Design/Build Work. The Company shall have exclusive responsibility for disputes or jurisdictional issues among unions or trade organizations representing employees of the Company or its Subcontractors, whether pertaining to organization of the Design/Build Work, arrangement or subdivision of the Technical Specifications, employee hiring, or any other matters. The County shall have no responsibility whatsoever for any such disputes or issues and the Company shall indemnify, defend and hold harmless the County and the County Indemnitees in accordance with Section 17.3 from any and all Loss-and-Expense resulting from any such labor dispute. (E) Prevailing Wages. The Company shall pay or cause to be paid by its Subcontractors prevailing wages for all labor engaged in connection with the Design/Build Work. SECTION 7.10. WARRANTIES. The Company warrants to the County that the structures, improvements, fixtures, machinery, equipment and materials incorporated in the Facility, and in all Capital Modifications, will be new, of recent manufacture, of good quality, free from faults and defects, suitable for its intended purpose and in conformity with Appendix 3 and the Contract Standards. Such warranties shall stay in effect until 5 years following the Acceptance Date, except for the warranty against latent defects, which shall terminate upon the expiration of this Service Agreement. The Company shall, for the protection of the County, obtain from all Subcontractors, vendors, suppliers and other persons from which the Company procures structures, improvements, fixtures, machinery, equipment and materials such warranties and guarantees as are normally provided with respect thereto, each of which shall be assigned to the County to the full extent of the terms thereof. No such warranty or guarantee shall relieve the Company of any obligation hereunder, and no failure of any warranted structures, improvements, fixtures, machinery, equipment or material shall be the cause for any increase in the Service Fee or non-performance of the Contract Services unless such failure is itself attributable to an Uncontrollable Circumstance or County Fault. 67 487571.8 028493 AGMT ARTICLE VIII ACCEPTANCE OF THE FACILITY SECTION 8.1. START-UP OPERATIONS. (A) Notices. (1) Submittal of Acceptance Test Plan. At least 180 days before the earlier of any Scheduled Acceptance Date or the date upon which the Company plans to begin any Acceptance Testing, the Company shall prepare and submit to the County for its approval a detailed Acceptance Test Plan for such Facility, which shall conform to the requirements of Appendix 6 in all respects. If the Company and County are unable to agree upon an acceptable Acceptance Test Plan for such Facility within 90 days of such submission, their inability to agree may be mediated as provided in Section 16.11. (2) Notice of Substantial Completion. The Company shall give the County's Authorized Representative at least 30 days prior written notice of the expected date of any Substantial Completion and of commencement of start-up operations at such Facility in preparation for conducting the Acceptance Test. (3) Notice of Commencement of Acceptance Test. The Company shall also provide the County with at least 30 days prior written notice of the expected initiation of the Acceptance Test in accordance with the requirements of Appendix 6. At least 10 days prior to the actual commencement of any Acceptance Testing, the Company shall certify in writing that it is ready to begin Acceptance Testing in accordance with the Acceptance Test Plan and Appendix 6. (B) Commissioning. The Company may start-up and commission the Facility, test equipment and systems, and, subject to paragraph (C) below, conduct post- commission operations at its election at any time. The Company's cost of all such commissioning-related activities, regardless of their extent or duration, shall be included in the Fixed Design/Build Price. (C) Deliveries for Start-Up and Commissioning; Payment. The County shall deliver or cause to be delivered to the Facility Processible Waste in such quantities and upon such schedules as may reasonably be requested by the Company for the purposes of conducting start-up and commission operations. During the period of start-up and commission operations through the earlier of the Provisional Acceptance Date and the Scheduled Acceptance Date, the County shall retain all energy revenue generated from combusting waste, and the Company shall not receive the Service Fee but shall receive [$100.00] for each Ton of waste combusted which shall be the only payment to which the Company is entitled; provided, however, that no payment shall be due the Company with respect to any Processible Waste combusted during start-up and commission operations from 68 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility which Residue is produced that fails to meet the Residue Guarantee. The Company agrees to minimize to the extent practicable the return to the County of Processible Waste delivered to the Facility for start-up and commission operations purposes. The County shall dispose of any such returned waste, Residue, Non-Processible Waste and rejects during start-up and commission operations at its cost and expense. The provisions of this subsection shall apply only until the Scheduled Acceptance Date or the Acceptance Date (whether established on a provisional or permanent basis), whichever first occurs. In the event the Acceptance Date has not occurred by the Scheduled Acceptance Date, regardless of whether or to what extent the Company has commenced start-up and commission operations of the Facility, the rights and obligations of the parties shall be governed by the provisions of subsection 8.6(A) hereof. (D) Failure of Deliveries for Start-Up and Commission Operations. Prior to the Scheduled Acceptance Date or the Acceptance Date, whichever occurs first, the County's obligation to deliver Processible Waste for start-up and commission operations shall extend only to substantially all of the actual quantities of Processible Waste which would otherwise be delivered to the South Hilo Landfill (if in operation, or historically delivered to the South Hilo Landfill if not operational) for disposal on each day on which start-up and commission operations are conducted. Upon any failure of the County to provide such deliveries, unless excused by Uncontrollable Circumstances or Company Fault, the Scheduled Acceptance Date shall be extended by the number of days of any such failure which occurs prior to the Schedule Acceptance Date. In addition, upon a failure by the County to deliver any Processible Waste at all to the Facility for start-up and commission operations, the County shall be obligated to pay the costs incurred by the Company in preparation for start-up and commission operations which it would not have otherwise incurred if the County had delivered such Processible Waste to the Facility. (E) Operations Following Start-Up/Commissioning and Prior to Acceptance Testing. Upon successful completion of start-up and commissioning testing (check-out testing necessary to demonstrate that such system is likely to pass the Acceptance Test) of systems which comprise the Facility (not individual pieces of equipment), such systems necessary for the normal and proper operation of the Facility will be integrated into the Facility. Prior to integration of systems into the Facility, the Company shall, pursuant to the provisions of Appendix 6, (i) demonstrate to the satisfaction of the County that such system has been properly installed and tested in accordance with the manufacturers' recommendations and requirements and operates properly and that integration of any such system will not adversely affect the ability of the Facility to meet any requirement of Applicable Law and that the Company is authorized to occupy and operate the Facility under Applicable Law, (ii) provide training to Company personnel in accordance with the Company's comprehensive training 69 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility program to enable Company personnel to properly operate and maintain such system, and i (iii) in the event the final Operation and Maintenance Manual has not been delivered to the County, provide a detailed operation and maintenance protocol to the County with respect to such system. Following satisfaction of the preceding, as acknowledged in writing by both parties, and prior to Acceptance, the Company, will operate and maintain the Facility in accordance with the Operation and Maintenance Manual or protocols provided by the Company and in accordance with Sections 8.5 and 8.6. The Company will be responsible, at its cost, for performing all repairs and replacements and other non-routine maintenance on Company- installed malfunctioning equipment, systems and improvements to the Facility which may be necessary prior to Acceptance. Prior to commencing the Acceptance Tests, the Company shall inspect all equipment and systems which constitute the Facility, including those which have been previously integrated into the Facility and operated by the Company, to ensure that all such improvements are ready for Acceptance Testing. The Company shall certify to the County, in accordance with Section 8.3, that the Facility has been designed and constructed in accordance with this Service Contract and that the Facility in its then existing condition is ready to undergo the Acceptance Tests. The Company shall not commence the Acceptance Tests until Substantial Completion has occurred. (F) Personnel Training. Prior to the Acceptance Date, the Company shall submit to the County for its review and approval a personnel training protocol which the Company proposes to institute in order to ensure that the Facility is operated in accordance with this Service Contract and with good operating standards prevailing in the waste-to-energy industry. Such personnel training protocol shall include any personnel training guidelines, policies or procedures set forth as of the Acceptance Date in (1) any permit or operator's certificate issued by the DOH, (2) the new source performance standards or (3) any other Applicable Law, and shall include standards for operator and supervisor background, training and experience, instruction on identifying potential Hazardous Material and Non-Processible Waste; safety and emergency response training; general security procedures; and requirements for operator certification by the American Society of Mechanical Engineers or another equivalent certifying body. All costs of complying with the personnel training protocol shall be borne by the Company. (G) Residue Sampling and Analysis. Upon the occurrence of the first firing of waste at the Facility through the first eight weeks of the Residue characterization program described in Appendix 6 hereto, the Company shall be responsible for the sampling and laboratory analysis of the Residue and data evaluation in connection with such characterization. The costs of such sampling, analysis and data evaluation shall be the responsibility of the Company. In the event such Residue characterization program is required 70 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility by the DOH to be extended beyond such eight week period due to the unexcused failure of the Company to correctly follow the Residue characterization procedures or due to other Company Fault, the Company shall remain responsible for all costs associated with the Residue characterization program during such additional period. In the event such Residue characterization program is required by the DOH to be extended for any other reason, the Company shall pay the costs of Residue sampling and the County shall pay the costs of laboratory analysis and shall be responsible for data evaluation. The County will provide storage capacity for all Residue requiring storage under the Residue characterization program described in Appendix [6 hereto], and all costs thereof shall be borne by the County except that the Company shall bear all costs of storage (but not disposal) of such Residue resulting from the unexcused failure to correctly follow such Residue characterization procedures or from other Company Fault. SECTION 8.2. SUBSTANTIAL COMPLETION. (A) Conditions to Substantial Completion. Substantial Completion shall occur only when all of the following conditions has been satisfied (unless otherwise agreed by the parties in writing): (1) a preliminary or temporary certificate of occupancy has been issued, if required by Applicable Law; (2) the Company is authorized to conduct an Acceptance Test and to operate the Facility under Applicable Law, and such authorization has not been withdrawn, revoked, superseded, suspended, or materially impaired or amended; (3) all Utilities specified or required under this Service Contract to be arranged for by the Company are connected and functioning properly; (4) the Company and the County have agreed in writing upon the Final Punch List (or, if they are unable to agree, the County shall have prepared and issued the Final Punch List to the Company within 15 business days of the Company having submitted its Final Punch List to the County); (5) the County has approved in writing, such approval not to be unreasonably withheld or delayed, the certification by the Company that all Design/Build Work pertaining to the Facility, excepting the items on the Final Punch List, is complete and in all respects is in compliance with this Service Contract; (6) the Company has delivered to the County written certification from the equipment manufacturers that all major items of machinery and equipment included in such Facility have been properly installed and tested in accordance with the manufacturers' recommendations and requirements and in accordance with the start- up protocol to be agreed to by the parties; 71 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility (7) all warranties required to be obtained under subsection 8.4 have been i delivered to the County; (8) the Company has delivered to the County a claims statement setting forth in detail all claims of every kind whatsoever of the Company connected with, or arising out of, the Design/Build Work pertaining to such Facility, and arising out of or based on events prior to the date when the Company gives such statement to the County; (9) the Company has delivered to the County the initial Operating Protocol and the draft Operation and Maintenance Manual in accordance with Appendix 8; (10) all spare parts and Consumables required by the Design Requirements have been delivered and are in storage at such Facility; (11) the Company has submitted to the County and the County has reviewed and approved the plan for Acceptance Testing as required by Appendix 6; (12) if required by Applicable Law, the DOH has approved the plan for Acceptance Testing and has caused a notice of permission to conduct the Acceptance Tests; and i (13) the Company has submitted written certification that all of the foregoing conditions have been satisfied and the County has approved the Company's certification such approval not to be unreasonably withheld or delayed, which approval shall be effective as of the date of the Company's certification. Alternatively, Substantial Completion shall occur on any date certified by the County, which shall have discretion to waive any of the foregoing conditions. (B) Final Punch List. The Company shall submit a proposed Final Punch List to the County and the County Engineer when the Company believes that the Facility has been substantially completed in compliance with this Service Contract. The "Final Punch List" shall be a statement of repairs, corrections and adjustments to the Facility, and incomplete aspects of the Facility, which in the Company's opinion: (1) the Company can complete before the Company's agreed date for Final Completion and with minimal interference to the occupancy, use and lawful operation of the Facility; and (2) would represent, to perform or complete, a total cost of not more than 2.5% of the portion of the Fixed Design/Build Price applicable to the Facility (unless the County determines that a higher percentage is acceptable). 72 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility Completion of the Final Punch List work shall be verified by a final walk-through of the Facility conducted by the County and the County Engineer with the Company and the Company engineer. The existence and approval of the Final Punch List shall in no way either limit the Company from performing additional repairs, corrections and adjustments to the Facility as may be necessary to comply with this Service Contract or limit the County's ability to enforce the Company obligation to complete the Facility in accordance with the Design Requirements. If the Company fails to complete any Final Punch List-related Design/Build Work, the County shall have the right to withhold twice the value of such work as part of the retainage amount. SECTION 8.3. CONDUCT OF ACCEPTANCE TEST. The Company shall conduct all Acceptance Tests in accordance with Appendix 6 and the Acceptance Test Plan, and shall notify the County when any such test shall occur. The Company shall permit the designated representatives of the County to inspect the preparations for any Acceptance Test and to be present for the conducting of any Acceptance Test for purposes of ensuring compliance with the Acceptance Test Plan and the integrity of the Acceptance Test results. SECTION 8.4. ACCEPTANCE DATE CONDITIONS. The following conditions shall constitute the "Acceptance Date Conditions," each of which must be satisfied in all material respects by the Company in order for an Acceptance Date to occur, and each of which must be and remain satisfied as of the Acceptance Date (unless otherwise agreed by the parties in writing): (1) Construction Commencement Date Conditions. Each of the Construction Commencement Date Conditions shall be and remain satisfied as of the Acceptance Date; (2) Achievement of Acceptance Standards. The Company shall have completed the required Acceptance Tests and such tests shall have demonstrated that the Facility has met the Acceptance Test Procedures and Standards; (3) Final Operation and Maintenance Manual. The Company has delivered to the County the final Operation and Maintenance Manual in accordance with Appendix 8; (4) Required Operation Period Insurance. The Company shall have submitted to the County certificates of insurance for all Required Operation Period Insurance specified in Appendix 14 and made available to the County all insurance policies for its review; (5) Operating Governmental Approvals. All applicable Governmental Approvals required under Applicable Law which are necessary for the continued routine operation of the Facility shall have been duly obtained by the Company and shall be in 73 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility full force and effect. Copies of all such Governmental Approvals, to the extent not in i the County's possession, certified by the Company shall have been delivered to the County; (6) Equipment Warranties and Manuals. The Company shall be in possession of, and shall have delivered to the County, copies of the warranties of machinery, equipment, fixtures and vehicles constituting a part of such Facility, together with copies of all related operating manuals supplied by the equipment supplier; and (7) No Default. There shall be no Event of Default by the Company under this Service Contract or by the Guarantor under the Guaranty Agreement, or event which with the giving of notice or the passage of time would constitute an Event of Default by the Company hereunder or an Event of Default by the Guarantor under the Guaranty Agreement. SECTION 8.5. PROVISIONAL ACCEPTANCE; ACCEPTANCE AT REDUCED ACCEPTANCE STANDARD; THROUGHPUT CAPACITY LIQUIDATED DAMAGES. (A) Provisional Acceptance at Full Acceptance Standard. The Facility shall be deemed to have achieved Acceptance, and the Acceptance Date shall be established, on a provisional basis on the date of certification by the Company to the County in good faith that (1) all Acceptance Tests have been conducted and completed in accordance with this Service Contract, (2) to the Company's best knowledge at the time of the certification, based on due inquiry and all available information, Acceptance has been achieved, (3) the Required Operating Period Insurance is in effect, (4) such certification shall have the effect provided in this subsection 8.5(A) hereof, and (5) no information has come to the Company's attention as of the date of such certification which would lead it to believe that it will not be able to comply with the terms of the permits, applicable to the operation of the Facility for the period governed by the permits except as such compliance may be affected by Uncontrollable Circumstances or County Fault. In the event that Acceptance is certified at less than the full Acceptance Standard, the Acceptance Date shall not be deemed to have occurred except upon compliance with the provisions of this Section. Upon such certification, the terms and provisions of this Service Contract (including without limitation the Processible Waste delivery and processing obligations of the parties, the Service Fee payment obligation of the County, and the obligation of the Company to pay performance liquidated damages for failure to meet the Performance Guarantees) shall apply, and the Company and the County shall be bound, as if the Acceptance Date had been permanently established and shall be effective for the Term of this Service Contract, except as provided in Section 8.8 hereof in the event that the County disputes such certification. The establishment of the Acceptance Date on a provisional basis shall not operate to lengthen the 74 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility Extension Period in the event that such provisional establishment expires and the parties are I restored to their former positions pursuant to Section 8.8 hereof. (B) Option to Establish Acceptance Date. The Company shall have the option to establish the Acceptance Date notwithstanding the failure of the Facility to meet the full Acceptance Standard if, at any time during the Extension Period, (1) the Company, in accordance with the procedures set forth in Section 8.8 hereof, certifies and calls for concurrence by the County that the Acceptance Tests have demonstrated that the Facility meets or exceeds the Minimum Acceptance Standard, and, (2)(i) if the Facility failed to meet the full Acceptance Standard due to reasons of Uncontrollable Circumstance or a Capital Modification undertaken at the request of the County pursuant to Section 14.4, the provisions of Section 8.5(D) shall apply, or (ii) in all other cases, the Company immediately pays Throughput Capacity Liquidated Damages to the County, and (3) the Company certifies to the County and the Authorized Representative in good faith that (a) all Acceptance Tests have been conducted and completed in accordance with this Service Contract, (b) to the Company's best knowledge at the time of the certification, based on due inquiry and all available information, the Minimum Acceptance Standard has been achieved, (c) the Required Operation Period Insurance is in effect, and (d) no information has come to the Company's attention as of the date of such certification which would lead it to believe that it will not be able to comply with the terms of the permits applicable to the operation of the Facility for the period governed by the permits except as such compliance may be affected by Uncontrollable Circumstances or County Fault. Throughput Capacity Liquidated Damages payable to the County shall be equal to (1) the full Acceptance Standard for throughput minus the actual demonstrated throughput capacity of the Facility concurred in or deemed to be concurred in by the County Engineer or resolved by dispute resolution, divided by (2) the full Acceptance Standard for throughput, all multiplied by (3) the Design/Build Price. If the Company meets the Minimum Acceptance Standard with respect to any Acceptance Standard other than the throughput standard, the Company shall not be obligated to make any one time damage payment to the County but shall be obligated to pay to the County ongoing Facility Performance Obligations if the Company fails to meet its Performance Guarantees. The Acceptance Date shall be established under this subsection 8.5(B) as of the date of the Company's certification pursuant to item (1) in the first sentence of this subsection 8.5(B). The exercise by the Company of its option under this subsection 8.5(B) shall have the consequences on the rights, duties and obligations of the parties hereto set forth in this Section 8.5. (C) Unexcused Non-Compliance. To the extent that (i) Acceptance occurs at a reduced standard pursuant to Section 8.5(B) here of upon a failure of the Facility to meet the full Acceptance Standard due to reasons other than Uncontrollable Circumstances, and (ii) the 75 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility Company elects to pay Throughput Capacity Liquidated Damages to the County at the time of I such Acceptance at a reduced standard, pursuant to Sections 8.5(B) or 8.5(E) as the case may be, (1) the Annual Facility Throughput Guarantee and the periodic delivery limits pursuant to Section 10.2, as well as the County's Annual Waste Delivery Commitment, shall be reduced, for all purposes of the Service Contract, in direct proportion to the reduction in throughput below the full Acceptance Standard for throughput concurred in or deemed to be concurred in by the County Engineer or pursuant to dispute resolution, (2) the Base Operation Fee shall be reduced in the same direct proportion, (3) there shall be no reduction in the Residue Guarantee and the Environmental Guarantee, and (4) there shall be no reduction in the Annual Electricity Production Guarantee, and the Company shall continue to be obligated to pay Facility Performance Obligations throughout the Term of this Service Contract. (D) Acceptance Re-testine. In the event that Acceptance at a reduced throughput standard occurs pursuant to subsection 8.5(B) hereof, the Company shall have the right to re-test the Facility in accordance with Appendix 6 hereto at any time during the three- year period following Acceptance at its sole cost, expense and liability. If any such re-test demonstrates that the throughput capacity of the Facility exceeds the reduced throughput standard on which Acceptance occurred, then all calculations and adjustments called for by subsections 8.5(B) and (C) hereof (including those relating to the Base Operation Fee) shall be reperformed so as henceforth to place the parties in the position each would have been in had the throughput standard on which Acceptance occurred been the throughput standard on which demonstrated in the re-test. (E) Uncontrollable Circumstances. If Acceptance occurs at a reduced standard pursuant to subsection 8.5(B) hereof, (1) the Company shall not be liable for Throughput Capacity Liquidated Damages to the extent Acceptance occurred at a reduced standard due to Uncontrollable Circumstances, (2) the Annual Facility Throughput Guarantee and the periodic delivery limits pursuant to Section 10.2 shall be adjusted, for all purposes of this Service Contract, as appropriate to reflect the impact thereon of the Uncontrollable Circumstances, (3) the Annual Electricity Production Guarantee shall be reduced, for all purposes of this Service Contract, as appropriate and to the extent necessary to reflect the impact of the Uncontrollable Circumstance thereon, (4) the Base Operation Fee shall be decreased to the extent the Company's actual costs of operation can reasonably be reduced or increased to the extent of any increase in costs due to the Uncontrollable Circumstance (subject to Cost Substantiation), and (5) there shall be no reduction in the Residue Guarantee and the Environmental Guarantee. SECTION 8.6. DISPOSAL UPON UNEXCUSED DELAY IN ACCEPTANCE DATE. (A) Interim Service. The County and the Company acknowledge that the intent of this 76 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility Service Contract is to provide for waste disposal through waste reduction, to minimize the social and environmental impacts associated with off-site disposal and to maximize the remaining useful life of the County Landfill. It is therefore agreed that, notwithstanding any right under Applicable Law which the Company may have to compel the County to mitigate the Company's damages through the use of the County Landfill, in the event the Acceptance Date is delayed beyond the Scheduled Acceptance Date, the County Landfill shall not be used for the disposal of Processible Waste which the Facility is unable to process as long as an alternative disposal method is available to the County, and (1) the Company may utilize the Facility to the extent of its processing and combustion capacity in accordance with Applicable Law, (2) the County shall transport and dispose of at an alternative waste disposal facility all of the Solid Waste which is not combusted at the Facility, and (3) the Company shall indemnify the County, in the manner provided in Section 17.3 hereof, for all Loss-and-Expense incurred in connection with the transportation and disposal of Processible Waste by the County in such circumstances. In the event that the County is precluded from disposing of such waste at any other disposal site or is required by Applicable Law to dispose of all or any portion of such waste at the County Landfill, the cost of disposal of such waste at the County Landfill shall be an amount equal to 2.0 times the tipping fee then applicable for each such Ton. Such alternate service and payment obligations (as discussed in (B) below) shall continue until (1) the Acceptance Date is achieved (whether on a provisional or permanent basis), or (2) the expiration of the Extension Period, or (3) termination of this Service Contract pursuant to Article XVI hereof and payment by the Company or County of any damages payable upon such termination, whichever first occurs. If the Extension Period expires and the Acceptance Date has not occurred for reasons other than Uncontrollable Circumstances or County Fault, the County shall have the right to terminate this Service Contract as provided in Section 8.10 hereof. (B) Payment for Interim Service. The County shall pay to the Company for the alternate disposal service provided under this Section an interim service fee with respect to each month of the Extension Period equal to (1) the Base Operating Fee portion of the Service Fee that would have been payable with respect to such month had such month occurred after the Acceptance Date, minus (2) an amount equal to the County's costs of transfer, transportation and disposal of the Tonnage handled by the County, (provided that the disposal costs will be calculated at 200% of the actual tipping fee if the County Landfill is utilized). The Company also shall be responsible during any period of interim service for all of the Facility Performance Guarantees for which it would have been responsible had Acceptance occurred. Therefore, in the event the Facility is unable to combust any waste in a month during the Extension Period, the Company would be responsible for payment of Throughput Performance Liquidated Damages based upon a monthly delivery of 6,083 Tons (i.e. 73,000 divided by 12). If 77 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility the Company combusts 3,000 Tons in a month during the Extension Period and produces 450 KWh per Ton of Acceptable Waste combusted, the Company would be responsible for the payment of Throughput Performance Liquidated Damages based upon a shortfall of 3,083 Tons, and would be responsible for Electricity Production Liquidated Damages based upon the difference between the Annual Electricity Production Guarantee and 450 with respect to the 3,000 Tons combusted. In the event any calculation of payment for interim service is a negative number, such amount shall be paid by the Company to the County. (C) Interim Service Does Not Constitute Acceptance. Notwithstanding anything contained or implied in this Section to the contrary, the receipt by the County of interim service pursuant to this Section does not constitute Acceptance of the Facility. Such Acceptance may only be achieved pursuant to the provisions of Section 8.4 hereof. (D) Operations During Extension Period. During any interim operations conducted pursuant to this Section, the Company shall operate the Facility in accordance with the provisions of Articles X and XI hereof. SECTION 8.7. TEST REPORT. Within 30 days following conclusion of any required Acceptance Test, the Company shall furnish the County and the County Engineer with ten copies of a certified written report describing and certifying (1) the Acceptance Test conducted, (2) the results of the Acceptance Test, and (3) the level of satisfaction of the Acceptance Tests Procedures and Standards relating thereto and all other requirements specified in Appendix 6. The written test report shall include copies of the original data sheets, log sheets and all calculations used to determine performance during the Acceptance Test, and copies of laboratory reports conducted in conjunction with the Acceptance Test, including all laboratory sampling and test results. SECTION 8.8. CONCURRENCE OR DISAGREEMENT WITH TEST RESULTS. (A) Acceptance Date Concurrence. The "Acceptance Date" shall be the day on which the Acceptance Date Conditions have been achieved. If the Company certifies in its written report delivered pursuant to Section 8.4 that such full Acceptance Test Procedures and Standards have been achieved, the County shall determine, within 60 days of its receipt of such report, whether it concurs in such certification. If the County states in writing that it concurs with the Company's certification, amounts retained by the County pursuant to subsection 9.4(D) shall be released to the Company to the extent set forth in Section 8.11(C). (B) Acceptance Date Disagreement. If the County determines at any time during such 60-day review period that it does not concur with such certification, the County shall immediately send written notice to the Company of the basis for its disagreement. In the event of any such non-concurrence by the County, either party may elect to refer the dispute to 78 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility Non-Binding Mediation for resolution pursuant to Section 16.11. The Mediator shall issue a decision within 60 days of the dispute referral unless both parties agree that more time is appropriate. In the event that the Mediator fails to issue a decision within 60 days, then either party may initiate judicial proceedings. The parties acknowledge and agree that any decision rendered by the Mediator as to whether any Acceptance has occurred shall be non-binding. Acceptance shall not be deemed to have been achieved unless the Acceptance Test, conducted in a unified and continuous manner as provided in the Acceptance Test Plan and in Appendix 6, demonstrates that all of the Acceptance Test Procedures and Standards have been met. In the event the Company, in conducting the Acceptance Test, does not successfully meet the Acceptance Test Procedures and Standards, the County shall have the right, in its sole discretion, to permit the Company to re-test such Facility for compliance only with the Acceptance Test and Procedures Standards not previously achieved through an earlier Acceptance Test; provided, however, the County shall not require re-testing of components or performance of the Facility that had previously passed tests to the extent such testing is not reasonably related to the components or performance of the Facility that needs to be re-tested because it previously failed such test. Nothing in this Section shall prevent the Company from bringing an action or from repeating any Acceptance Test in order to establish the achievement of Acceptance. SECTION 8.9. REPETITION OF ACCEPTANCE TEST; EXTENSION PERIOD. It is agreed that time is of the essence in the performance of the Design/Build Work. If Acceptance shall not have occurred on or before the Scheduled Acceptance Date, the Company shall be entitled to conduct or repeat such Acceptance Test as often as it desires in order to secure Acceptance of such Facility during the Extension Period. During the Extension Period, the Company shall be responsible for and shall pay any fines and penalties assessed by a Governmental Body against the County or the Company due to the failure to achieve Acceptance by the Scheduled Acceptance Date. In addition, the Company shall be responsible for reimbursing the County for the costs associated with monitoring the re-tests of the Facility ; provided, however, that such re-test was not due to County Fault or an Uncontrollable Circumstance. SECTION 8.10. FAILURE TO MEET ACCEPTANCE STANDARD. If, as of the last day of any Extension Period, any Acceptance Tests have not been conducted or have failed to demonstrate that the Facility operates at a standard equal to or greater than the full Acceptance standard, an Event of Default by the Company shall be deemed to have occurred under Section 16.2 notwithstanding any absence of notice, further cure opportunity or other procedural rights accorded the Company thereunder, and the County shall thereupon have the right to terminate this Service Contract upon written notice to the Company. Upon any such 79 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility termination, the County shall have all of the rights provided in Article XVI upon a termination I of the Company for cause. SECTION 8.11. FINAL COMPLETION. (A) Requirements. The Company shall achieve Final Completion within 90 days after the Acceptance Date. Unless otherwise agreed to by the parties in writing, "Final Completion" shall occur when all of the following conditions have been satisfied: (1) Certificate of Occupancy Issued. A certificate of occupancy has been issued for the Facility, if required; (2) Acceptance Achieved. The Acceptance Test has been conducted, the Acceptance Test Procedures and Standards have been achieved, and Acceptance has occurred; (3) Design/Build Work Completed. All Design/Build Work (including all items on the Final Punch List and all clean up and removal of construction materials and demolition debris) is complete and in all respects is in compliance with this Service Contract; (4) Spare Parts In Storage. All spare parts required by the applicable Design Requirements have been delivered and are in storage at the Facility; (5) Deliverable Material Furnished. The Company has furnished to the County all Deliverable Material required to be delivered prior to Acceptance; (6) Record Drawings. The Company shall have delivered to the County a final and complete reproducible set of record drawings, together with six copies thereof, in a size and form required by the County and as required by the Design Requirements and shall certify that such Facility was constructed in accordance with the Design Requirements, including any Change Orders. The Company shall also provide an electronic file in AutoCad format to the extent drawings are prepared in such format; and (7) Equipment Warranties and Manuals. The Company shall be in possession of, and shall have delivered to the County, copies of the warranties of machinery, equipment, fixtures and rolling stock constituting a part of such Facility, together with copies of all related operating manuals supplied by the equipment supplier. (B) Final Certificate and Claims Statement. The Company shall also prepare and submit to the County as soon as practicable following the Acceptance Tests, for purposes of demonstrating Final Completion: (1) a certificate of the Company's Contract Representative 80 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility certifying (a) that all the Design/Build Work (including all items on the Final Punch List) has been completed in accordance herewith and with the Design Requirements, and (b) that Acceptance and Final Completion of the Facility have occurred; and (2) a claims statement setting forth a detailed, itemized description, related dollar amount and grounds for all claims of every kind whatsoever against the County in connection with or arising out of the Design/Build Work the Company may have. The County shall review the certificate and the claims statement and shall verify or dispute them in writing within 30 days of receipt. (C) Payment for Punchlist Items. Upon Final Completion, all amounts retained to pay for punch list items following Acceptance pursuant to Section 9.4(D) shall be released to the Company. SECTION 8.12. NO ACCEPTANCE WAIVER OR RELEASE. Unless other provisions of this Service Contract specifically provide to the contrary, none of the following, without limitation, shall be construed as the County's acceptance of any Design/Build Work which is defective, incomplete, or otherwise not in compliance with this Service Contract, as the County's release of the Company from any obligation under this Service Contract, as the County's extension of the Company's time for performance, as an estoppel against the County, or as the County's acceptance of any claim by the Company: (1) the County's payment to the Company or any other person with respect to the Facility; (2) the County's review or acceptance of any drawings, submissions, punch lists, other documents, certifications (other than certificates relating to completion or Acceptance of the Facility), or Design/Build Work of the Company or any Subcontractor; (3) the County's review of (or failure to prohibit) any construction applications, means, methods, techniques, sequences, or procedures for the Design/ Build Work; (4) the County's entry at any time on the Site (including any area in which the Design/Build Work is being performed); (5) any inspection, testing, or approval of any Design/Build Work (whether finished or in progress) by the County or any other person; (6) the failure of the County or any County consultant to respond in writing to any notice or other communication of the Company; or (7) any other exercise of rights or failure to exercise rights by the County hereunder. 81 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article VIII - Acceptance of the Facility SECTION 8.13. NO SERVICE FEE PAYMENT DURING START-UP AND i TESTING. During start-up, commissioning and testing, the Company shall not be entitled to payment of the Service Fee. All costs for design, construction, permitting, start-up, commissioning and testing for any Acceptance, and any operations prior to the Acceptance Date, including costs for labor, materials, chemicals and Utilities, shall be borne by the Company without reimbursement by the County except to the extent set forth in Section 8.1(C). 82 487571.8 028493 AGMT ARTICLE IX PAYMENT OF THE DESIGN/BUILD PRICE SECTION 9.1. DESIGN/BUILD PRICE. (A) Design/Build Price Generally. The Company shall be entitled to receive the Design/Build Price for the Contract Services on a progress basis in accordance with the terms of this Section. The Design/Build Price shall be the Fixed Design/Build Price as adjusted by the Fixed Design/Build Price Adjustments set forth in Section 9.2(C). (B) Fixed Design/Build Price. The Fixed Design/Build Price shall be the sum of the Fixed Development Price and the Fixed Construction Period Price, and shall be equal to $[AS PROPOSED IN BAFO ON PROPOSAL FORM 16]. Except as provided in subsection (C) of this Section, the Fixed Design/Build Price shall not be subject to adjustment in any manner whatsoever. (C) Fixed Design/Build Price Adiustments. The following items shall constitute the Fixed Design/Build Price Adjustments: (1) An adjustment for the cost of any Change Orders issued by the County with respect to the Design/Build Work pursuant to Section 7.9; (2) An adjustment for the cost of any Uncontrollable Circumstances required pursuant to Section 17.2; and (3) The Fixed Construction Period Price [AS PROPOSED IN BAFO ON BUSINESS PROPOSAL FORM 16] portion of the Fixed Design/Build Price will be adjusted from [BAFO SUBMITTAL DATE] to the earlier of the Scheduled Construction Commencement Date or the Notice to Proceed date by multiplying (i) the Fixed Construction Period Price, by (ii) the Fixed Construction Period Price Adjustment Factor as set forth in Appendix 12; provided, however, that the Fixed Construction Period Price shall not escalate beyond the Schedule Construction Commencement Date due to either the Company's failure to use good faith efforts to achieve the Construction Commencement Date or, notwithstanding its good faith efforts, the Company has failed to obtain all Governmental Approvals required for the Construction Commencement Date to occur as set forth in Section 4.1 and such failure is not excused pursuant to Section 5.2. (D) Limitation on Payments for Costs of the Design/Build Work. The Company agrees that the Design/Build Price shall be the Company's entire compensation and reimbursement for the performance of the Design/Build Work, including obtaining all Utilities that the Company will require to perform the Design/Build Work, commissioning and starting 83 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price up the Facility, and operating the Facility during the Acceptance Tests and prior to the Acceptance Date and performing all repairs and replacements. In no event shall the Company be entitled to any payment for Design/Build Work costs in excess of the Design/Build Price, notwithstanding any cost overruns the Company may incur. The Company shall finance and pay for any such excess cost of the Design/Build Work in any manner it chooses without reimbursement from or other claim upon the County. SECTION 9.2. PAYMENT FOR THE DEVELOPMENT PERIOD WORK. (A) Fixed Development Price. The Company shall be paid the Fixed Development Price for its Development Period Work on a milestone basis in accordance with the terms of this Section. The Fixed Development Price shall be the sum of $ [AS PROPOSED ON PRICE PROPOSAL FORM 16 OF BAFO] and any adjustments under the terms of this Service Contract, including any County-approved Change Orders. (B) Milestone Schedule. The Company shall be entitled to payment for Development Period activities hereunder in accordance with the milestones set forth in Appendix 10, which payments are and shall be considered to be partial payments of the Fixed Design/Build Price to the Company. Such payments shall be based on the Company's final completion of each such Development Period activity and shall not exceed the individual and aggregate maximum Development Period payments therefor. All other costs and expenses incurred by the Company in performing its obligations during the Development Period shall be for the account of the Company and shall not be reimbursable until and unless the Construction Commencement Date occurs or the County exercises its right to terminate this Service Contract during the Development Period as provided in Section 4.5. (C) Conditions of Payment. Notwithstanding any provision of this Service Contract to the contrary, the Company shall not be entitled to receive any payments for Development Period Work until the later of (i) July 1, 2008 and (ii) the date that the Company has provided the County the executed Guaranty Agreement and the Required Design/Build Period Insurance as set forth in Appendix 14. (D) Disbursement Procedure. The Company shall be entitled to submit requisitions and receive from the County the payments, which (1) shall be made on a milestone basis in accordance with Appendix 10 and (2) shall be subject to the maximum payments set forth in Appendix 10. Each Requisition must be submitted monthly and be accompanied by a monthly requisition report, which shall include: (1) a certificate of an authorized officer of the Company certifying (1) the portion of the Fixed Development Price which is payable to the Company, (2) that the Company is neither in default under this Service Contract 84 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price nor in breach of any material provision of this Service Contract such that the breach would, with the giving of notice or passage of time, constitute an Event of Default, and (3) that all milestones which the Company has identified in Appendix 10 have been completed in accordance therewith; (2) notice of any liens which have been filed together with evidence that the Company has discharged or bonded against any such liens; and (3) any other documents or information relating to the Development Period Work or this Service Contract reasonably requested by the County or the Authorized Representative or as may be required by Applicable Law or this Service Contract. The Authorized Representative shall review the Company's certified Requisitions to the County for each Fixed Development Price payment and within 10 business days of receipt of the Company's written report, shall verify or dispute in writing (or by telecommunication promptly confirmed in writing) the Company's certification that the Company has achieved the level of progress indicated and is entitled to payment. If the Authorized Representative determines that the work has progressed to the milestone indicated in the Company's certified Requisition and the Authorized Representative provides written notice thereof to the Company and the County, thereupon the Company shall be entitled to payment within 30 days of such determination. Disputes regarding payments of the Fixed Development Price shall be resolved in accordance with subsection 9.3(E) hereof. In any event, any undisputed amounts shall be paid within 40 days of receipt of the Company's certified requisition. (E) Disbursement Dispute Procedures. If the Authorized Representative determines pursuant to subsection 9.3(E) hereof that the milestone required for any payment has not been reached as indicated by the Company, or otherwise disputes any Requisition, the Authorized Representative shall provide prompt written notice to the Company and the County as to the Authorized Representative's reasons, in reasonable detail, for such determination or the basis for such dispute. After receiving such determination notice, the Company may make the necessary corrections and resubmit a certified Requisition to the Authorized Representative. If the Company is unable to reach agreement with the Authorized Representative as to the completion of the milestone, the Company may exercise its right to contest the Authorized Representative's determination in accordance with the dispute resolution procedures set forth in Section 16.11 hereof. Any proceedings undertaken to resolve a dispute arising under this subsection 9.3(E) shall immediately terminate if (1) the Company demonstrates to the Authorized Representative that the milestone has been completed as indicated in the certified Requisition giving rise to the dispute or that any disputed certified 85 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price Requisition is correct, and (2) the Authorized Representative concurs with such demonstration. The Company shall not be entitled to payment of the amount so requisitioned and disputed except upon resolution of the dispute in accordance with this subsection 9.3(E). Payment shall be made only upon the submission of a certified Requisition indicating that a particular milestone has been reached and no partial payments will be made for Requisitions involving milestones which are in dispute or not otherwise fully completed. In the event that upon resolution of any such dispute, it is determined that the Company was properly entitled to the disputed amount as of a date earlier than the date on which payment is actually made, the Company shall be entitled to receive promptly following such resolution such disputed amount plus interest on such disputed amount for the period of dispute calculated at the base rate. (F) Limitation on Payment for Initial Company Development Period Responsibilities. The Company agrees that the maximum compensation for the performance of the Initial Company Development Period Responsibilities shall be $ [To be provided in BAFO]. In no event shall the Company be entitled to any payment for the Initial Company Development Period Responsibilities in excess of $ [To be provided in BAFO], notwithstanding any cost overruns the Company may incur. The Company shall finance and pay for any such excess cost for the Initial Company Development Period Responsibilities in any manner it chooses without reimbursement from or other claim upon the County. SECTION 9.3. PAYMENT PROCEDURE FOR CONSTRUCTION PERIOD WORK. (A) Fixed Construction Price. The Company shall be paid the Fixed Construction Price on a milestone basis in accordance with the terms of this Section. The Fixed Construction Price shall be the sum of $ [AS PROVIDED ON PRICE PROPOSAL FORM 16 OF BAFO] and any adjustments under the terms of this Service Contract, including any County- approved Change Orders. (B) Milestone Schedule. The milestone schedule established in Appendix 10 will serve as the basis for progress payments and will be incorporated into a form of Requisition acceptable to the County. (C) Construction Disbursement Procedure. The Company shall be entitled to submit monthly Requisitions and receive from the County the payments, which (1) shall be made (only when completion of the milestone required to be completed as a basis, as such payment) as set forth in Appendix 10, (2) shall be subject to the maximum drawdown limitations specified in Appendix 10 hereto, and (3) shall be subject to the conditions of payment set forth in Section 9.5 hereof; provided, however, that on the date that the Acceptance Date is permanently established under Section 8.8, the Company shall be entitled to receive all payments due for completed work (which is unencumbered) which remain unpaid 86 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price as of such date except for the payment conditioned on Final Completion. Each Requisition must be accompanied by a monthly requisition report, which shall include: i. a reasonably detailed description of all Design/Build Work actually completed to date; ii. revisions to the progress schedule (or a revised progress schedule) which shall reflect changes in the Company's construction schedule since the date of the last requisition; iii. revisions to the cost-loaded critical path schedule which shall reflect changes in the critical path schedule since the date of the last Requisition; iv. construction progress photographs; V. a certificate of an authorized officer of the Company certifying (1) the portion of the Fixed Design/Build Price which is payable to the Company, (2) that the Company is neither in default under this Service Contract nor in breach of any material provision of this Service Contract such that the breach would, with the giving of notice or passage of time, constitute an Event of Default, and (3) that all items applicable to the work entitling the Company to requested payment under the schedule in Appendix 10 have been completed in accordance therewith and with the Design Requirements; vi. a verified statement setting forth the information required under any Applicable Law pertaining to prevailing wages; vii. notice of any liens which have been filed together with evidence that the Company has discharged or bonded against any such liens; and viii. any other documents or information relating to the Design/Build Work or this Service Contract requested by the County or the Authorized Representative or as may be required by Applicable Law, this Service Contract or generally accepted accounting practices or principles. The Authorized Representative shall review the Company's certified Requisitions to the County for each Design/Build Price payment and within 10 business days of receipt of the Company's written report delivered pursuant to Section 9.5 hereof, shall verify or dispute in writing (or by telecommunication promptly confirmed in writing) the Company's certification that the Company has achieved the level of progress indicated and is entitled to payment. If the Authorized Representative determines that the work has progressed to the milestone indicated in the Company's certified Requisition and the Authorized Representative provides written 87 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price notice thereof to the Company and the County, thereupon the Company shall be entitled to payment within 30 days of such determination. Disputes regarding payments of the Fixed Design/Build Price shall be resolved in accordance with subsection 9.4(D) hereof. In any event, any undisputed amounts shall be paid within 40 days of receipt of the Company's certified requisition. (D) Disbursement Dispute Procedures. If the Authorized Representative determines pursuant to subsections 9.4(B) and 9.4(C) hereof that the work required for any payment has not progressed as indicated by the Company, or otherwise disputes any Requisition, the Authorized Representative shall provide prompt written notice to the Company and the County as to the Authorized Representative's reasons, in reasonable detail, for such determination or the basis for such dispute. After receiving such determination notice, the Company may make the necessary corrections and resubmit a certified Requisition to the Authorized Representative, or the Authorized Representative may agree on a revised amount, Requisition or estimate, as applicable, in which case the Company shall promptly notify the County of such agreement. If the Company is unable to reach agreement with the Authorized Representative as to the progress of work, the Company may exercise its right to contest the Authorized Representative's determination in accordance with the dispute resolution procedures set forth in Section 16.11 hereof. Any proceedings undertaken to resolve a dispute arising under this subsection 9.4(C) shall immediately terminate if (1) the Company demonstrates to the Authorized Representative that the work has proceeded as indicated in the certified Requisition giving rise to the dispute or that any disputed certified Requisition is correct, and (2) the Authorized Representative concurs with such demonstration. The Company shall not be entitled to payment of the amount so requisitioned and disputed except upon resolution of the dispute in accordance with this subsection 9.4(D); provided, however, that the Company shall be entitled to all requisitioned amounts which are not in dispute. In the event that upon resolution of any such dispute, it is determined that the Company was properly entitled to the disputed amount as of a date earlier than the date on which payment is actually made, the Company shall be entitled to receive promptly following such resolution such disputed amount plus interest on such disputed amount for the period of dispute calculated at the Prime Rate. (E) Retainage. Each construction drawdown payment will be subject to a 5% retainage holdback. The County shall release to the Company the accumulated funds retained upon receipt of certification from the Company and confirmation by the Authorized Representative that Acceptance has occurred pursuant to Section 8.8 hereof; provided, however, that to the extent items are contained on the Final Punch List, the County or the Authorized Representative shall reasonably estimate the cost to make each correction or to 88 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/ Build Price complete each such item and the County shall be entitled to withhold from payment of the retained funds an amount equal to two times the aggregate value of such items, in addition to the amount of unresolved or unbonded claims or liens by third parties in connection with the Design/Build Work and earned interest on the retained funds. Upon certification by the Authorized Representative that Final Completion has occurred and so long as authority contained in the Governmental Approvals to operate the Facility remains unimpaired, the County shall release to the Company all remaining retained funds, including the amount equal to the interest actually received on the retainage holdback. The County may, in its sole discretion, release retained funds upon the completion of individual Final Punch List items but shall at all times retain an amount equal to 200 percent of the value of unfinished work. SECTION 9.4. CONDITIONS OF PAYMENT. (A) Information Supportin¢ Requisition. The Company shall submit to the County, with a copy to the Authorized Representative, with each Requisition all information required in subsection 9.4(C) hereof. (B) Permissible Withholdings. The County may disapprove and withhold and retain all or any portion of any payment requested to any Requisition in an amount equal to the sum of: (1) any amounts which are permitted under Section 9.5 hereof to be withheld from any payment requested in any Requisition; (2) any amounts which are due the County under Section 7.7 hereof, (3) any liquidated damages which are payable; (4) any indemnification amounts which are agreed to by the parties, or after judicial review are found to be due and owing to the County under Section 17.3 hereof; (5) any amounts which are due from the Company under Section 7.8 hereof; (6) any other deductions which are required by Applicable Law; (7) any payments with respect to which documents to be delivered in connection therewith are not materially correct and complete; (8) any payments with respect to which the Design/Build Work covered by such Requisition (or any previous Requisition) does not comply with this Service Contract; (9) any payments with respect to which any person has asserted a Lien resulting from the acts or omissions of the Company in performing the Design/Build Work and such Lien remains unreleased or unbonded; 89 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/Build Price (10) all requisitioned payments, if an Event of Default of the Company has occurred under Section 16.2 hereof; and (11) as necessary to avoid liens in the event the Company fails to pay any Taxes, assessments, penalties or fees imposed by any Governmental Body, including a court of law, then the Company authorizes the County to deduct and withhold or pay over to the appropriate Governmental Body those unpaid amounts upon demand by the Governmental Body. SECTION 9.5. FINAL REQUISITION AND PAYMENT. (A) Final Requisition. The Company shall prepare and submit to the County for purposes of demonstrating Final Completion: (1) a certificate certifying (a) that all applicable Design/Build Work has been completed in accordance herewith and with the Design Requirements, (b) that Acceptance of the Facility has occurred, and (c) all other conditions of Final Completion have occurred or been achieved; and (2) a final Requisition. The final Requisition shall enclose: i. AIA Document G707 (Consent of Surety Company to Final Payment) certifying the Surety agrees that final payment of the Fixed Design/Build Price shall not relieve the Surety of any of its obligations under the Construction Payment and Performance Bond; u. a contractor's affidavit regarding settlement of claims and complete and legally effective releases or waivers acceptable to the County in the full amount of the Design/Build Price, or if any Subcontractor refuses or fails to furnish such release or waiver, a bond or other security acceptable to the County to indemnify the County against any payment claim; and iii. a list of all pending property damage and personal injury or death insurance claims arising out of or resulting from the Design/Build Work, identifying the claimant and the nature of the claim. (B) Final Payment. If based on the Authorized Representative's (1) observation of the Design/Build Work, (2) final inspection, and (3) review of the final Requisition and other documents required by subsection (A) of this Section, the Authorized Representative is satisfied that conditions for Final Completion have been satisfied, the Authorized Representative shall, within 30 days after receipt of the final Requisition, furnish to 90 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/ Build Price the County and the Company the Authorized Representative's recommendation of final payment and Final Completion. If the Authorized Representative is not satisfied, the Authorized Representative shall return the final Requisition to the Company, indicating in writing the reasons for not recommending final payment, in which case the Company shall make the necessary corrections and resubmit the final Requisition. (1) County Concurrence. If the County concurs with the Authorized Representative's recommendation of final payment, the County will, within 15 days, file a written notice of final completion of the Facility and notify the Company and the Authorized Representative of such acceptance. Within 60 days after filing such notice, the County shall pay to the Company the balance of the Design/Build Price, subject to any withholdings and those other provisions governing final payment specified herein. (2) County Non-Concurrence. If the County does not concur with the Authorized Representative's determination, the County will return the Requisition to the Company, through the Authorized Representative, indicating in writing its reasons for refusing final payment and Final Completion. The Company shall promptly make the necessary corrections and resubmit the Requisition to the Authorized Representative. The County's written determination shall bind the Company, unless the Company delivers to the County, through the Authorized Representative, written notice of claim within 30 days after receipt of that determination. (3) Partial Release of Final Payment. If recommended by the Authorized Representative, the County may, upon receipt of the Company's final Requisition and without terminating the Construction Period, make payment of the balance due for that portion of the Design/Build Work fully completed and accepted, if Final Completion is significantly delayed due to Uncontrollable Circumstances. If the balance to be held by the County for the Design/Build Work not fully completed or corrected is less than the retainage on that work, the affidavits specified in subsection (A) of this Section and the release or waiver, or Construction Payment and Performance Bond, shall be furnished as required and submitted by the Company. Payment of the balance due shall be made under the provisions for final payment, but shall not constitute a wavier of claims. The County shall pay with reasonable promptness any amounts deducted from the final payment, upon resolution of the claims for which the amounts were withheld. Final payment does not constitute a waiver by the County of any rights relating to the Company's obligations under the Service Contract. Final payment constitutes a wavier of all claims by the Company against the County other than those previously filed in writing with the County on a timely basis and still unsettled. 91 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article IX - Payment of the Design/ Build Price SECTION 9.6. PAYMENT OF SUBCONTRACTORS. The Company shall pay its Subcontractors in accordance with Applicable Law. SECTION 9.7. AUDIT BOOKS AND RECORDS. (A) Audit. All payments whatsoever by the County to the Company and all Design/Build Work of the Company shall be subject to audit at any time by the County. (B) Construction Books and Records. The Company shall prepare and maintain proper, accurate and complete books and records regarding the Design/Build Work and all other transactions related to the design, permitting, construction, shakedown and testing of the Design/Build Work, including all books of account, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations and analyses, Subcontracts, purchase orders, time books, daily job diaries and reports, correspondence, and any other documents showing all acts and transactions in connection with or relating to or arising by reason of the Design/Build Work, this Service Contract, any Subcontract or any operations or transactions in which the County has or may have a financial or other material interest hereunder. All financial records of the Company shall be maintained in accordance with generally accepted accounting principles. The Company and its Subcontractors shall comply with state audit requirements and federal audit requirements to the extent that the County receives federal funding for this project. The Company shall produce such construction books and records (except for the Company's financial ledgers and statement) for examination and copying in connection with the costs of Change Orders, Extra Design/Build Work, Uncontrollable Circumstance costs, or other costs in addition to the Fixed Design/Build Price under circumstances in which such costs are required to be Cost Substantiated pursuant to this Service Contract, for which the County may be responsible hereunder with respect to work performed prior to Acceptance except with respect to costs incurred in connection with work performed on a fixed price basis. The Company shall keep and maintain all such construction books and records for the Facility separate and distinct from other records and accounts, and shall maintain such books and records for at least six years after Acceptance. 92 487571.8 028493 AGMT ARTICLE X DELIVERY AND RECEIPT OF WASTE SECTION 10.1. DELIVERY OF PROCESSIBLE WASTE BY THE COUNTY. (A) Annual Waste Delivery Commitment. Beginning on the Acceptance Date and throughout the Term of this Service Contract, the County shall deliver or cause to be delivered to the Facility 73,000 Tons of Processible Waste each Contract Year (prorated for partial Contract Years) (the "Annual Waste Delivery Commitment"). The County will be credited toward its Annual Waste Delivery Commitment, any quantity of Processible Waste which it had available for delivery to the Facility (up to the amount of the Company's Billing Period Throughput Guarantee) but which was either not delivered or not accepted as a result of the Facility's not being able to accept such waste for any reason other than County Fault, including Uncontrollable Circumstances; provided, however, that any quantity above the Company's rejection rights set forth in item (2) of subsection 10.2(A) shall not be so credited. In the event the Facility is unable to accept Processible Waste as a result of Uncontrollable Circumstances, the County shall use reasonable efforts to work with the Company to schedule deliveries of Processible Waste once the Facility is able to receive such quantities such that the actual annual deliveries are maximized; provided, however, that the County has no obligation to deliver Processible Waste in excess of its Annual Waste Delivery Commitment. Deliveries shall be made, without cost to the Company, as and when Processible Waste is generated and collected for disposal within the County. The County shall cooperate with and assist the Company in preparing anticipated, non-binding annual delivery schedules under Section 10.3 hereof. (B) Charges to Registered Haulers. For the disposal service provided hereunder the Company shall be paid the Service Fee by the County as provided in Article XV hereof. The County may from time to time establish fees or charges to be imposed upon Registered Haulers for the right to deliver Processible Waste to the Facility. Any such fee or charge shall be collected by the County through a billing system under which the County shall be responsible for collection enforcement. (C) Source Separation. Nothing in this Service Contract shall be deemed to restrict the right of the municipalities, residents, businesses or organizations in the County to practice source separation for the recovery, recycling or composting of waste nor the right of the County to conduct, sponsor, encourage or require such source separation. No reduction in the amount of Processible Waste generated in the County and delivered to the Facility by or on behalf of the County which may result from any such source separation or recycling program shall cause the County any liability hereunder except as set forth in paragraph (D) below. The existence of such a source separation or recycling program shall not limit or otherwise affect any Performance Guarantee of the Company hereunder, notwithstanding (1) any change in the 93 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste recoverable energy content of the Processible Waste delivered to the Facility which may result i from any such program, except to the extent provided in Section 15.11 hereof, or (2) any other change in the composition of Processible Waste delivered to the Facility which may result from such a program. (D) Shortfall Damages. In the event the County fails to deliver or cause to be delivered the Annual Waste Delivery Commitment in any Contract Year (after taking into consideration any credits described in Section 10.1(A)), the County shall pay waste delivery shortfall damages calculated in accordance with Section 15.11(C). SECTION 10.2. RECEIPT OR REJECTION OF WASTE BY THE COMPANY. (A) Receiving and Processing of Solid Waste. The Company shall receive and process at the Facility all Processible Waste delivered to the Facility by or on behalf of the County in each Contract Year; provided, however, that the Company may refuse delivery of (i) any Non- Processible Waste, (ii) any Processible Waste delivered at hours outside the Receiving Time and mutually agreed upon times of delivery; (iii) any Processible Waste which cannot be combusted or stored at the Facility on account of a partial or complete shutdown caused by Uncontrollable Circumstances or County Fault, and (iv) any Processible Waste delivered by or on behalf of the County in any Billing Period or in any Contract Year in excess of the applicable Billing Period Throughput Guarantee or the Annual Facility Throughput Guarantee (the "Rejection Rights"). Notwithstanding the foregoing, the Company shall use commercially reasonable efforts to accept and combust all Processible Waste delivered to the Facility by or on behalf of the County. The Company shall provide for the transportation and disposal of any Processible Waste which the Company is permitted to reject and fails to combust at the Facility under this Section ("Excess Processible Waste"). Cost of such transportation and disposal of Excess Processible Waste shall be included as a reimbursable fee in accordance with Article XV. (B) Annual Facility Throughput Guarantee. The "Annual Facility Throughput Guarantee" for the first Contract Year shall be [76,200] Tons of Processible Waste per Contract Year for Processible Waste with an average annual Higher Heating Value of 4,800 Btu per pound (as adjusted due to variation in annual average Higher Heating Value in accordance with Appendix 2). Following the end of each Contract Year the actual Higher Heating Value of the processed Processible Waste will be calculated pursuant to Appendix 2 and such Higher Heating Value will be used to determine the Annual Facility Throughput Guarantee for purposes of settling any damage payments for the preceding year and determining Interim damage payments for the following Contract Year. For any Contract Year in which the average annual Higher Heating Value of combusted Processible Waste is less than 3,800 Btu per pound or is greater than 7,000 Btu per pound as determined by using all available data, the provisions of Section 15.11 hereof shall apply in determining the Annual 94 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste Facility Throughput Guarantee and whether and to what extent any Facility Performance Obligations shall be payable. (C) Billing Period Throughput Guarantee. The Billing Period Throughput Guarantee for each Billing Period in each Contract Year shall be as follows: Billing Billing Period Period Throughput Guarantee (Tons) January [ ] February [ ] March [ ] April [ ] May [ ] June [ j July [ ] August [ ] September [ ] October [ ] November [ ] December [ ] TOTAL [ ] The Billing Period Throughput Guarantee with respect to any Billing Period may be changed at the request of either party subject to the approval of the other party which, with respect to changes requested prior to the commencement of the applicable Contract Year, may not unreasonably be withheld and with respect to changes requested during the applicable Contract Year may be withheld in the sole discretion of the approving party. In any event, the sum of the Billing Period Throughput Guarantees in each Contract Year shall be equal to the Annual Facility Throughput Guarantee. (D) Determination of Billing Period Throughput Surpluses and Deficiencies. If in any Billing Period the Billing Period Throughput exceeds the Billing Period Throughput Guarantee, the amount of the excess shall constitute a "Billing Period Throughput Surplus" hereunder. If in any Billing Period the Billing Period Throughput is less than both the Available Billing Period Processible Waste and the Billing Period Throughput Guarantee, and the failure of the Company to process the Available Billing Period Processible Waste in amounts up to the Billing Period Throughput Guarantee is due to reasons other than Uncontrollable Circumstances or County Fault, there shall be a Billing Period Throughput Deficiency. The "Billing Period Throughput Deficiency" shall be an amount equal to (1) the lesser of (a) the Billing Period Throughput Guarantee or (b) the Available Billing Period Processible Waste, minus (2) the Billing Period Throughput. For any Billing Period in which the Available Billing Period Processible Waste is equal to or less than the Billing Period Throughput Guarantee, and the Company processes all of the Available Billing Period Processible Waste, there shall be 95 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste neither a Billing Period Throughput Surplus nor a Billing Period Throughput Deficiency. The i determinations under this subsection as to Billing Period Throughput Surpluses and Billing Period Throughput Deficiencies shall be used to calculate Throughput Performance Liquidated Damages under Section 15.9 hereof. (E) Determination of Tonnage Combusted. As a convention for determining the Tonnage combusted by the Facility for the purposes of this Section, the weighing records pertaining to the receipt of Solid Waste at the Facility and the removal of any non-processed Processible Waste, Non-Processible Waste and Residue from the Facility shall be utilized. The difference between the amounts so received and removed shall be deemed to constitute the Tonnage combusted by the Facility during such period. (F) Billing Period Processing Record. The County shall furnish the Company with a record, within 15 days after each Billing Period, of the Available Billing Period Processible Waste, the Billing Period Throughput, the Billing Period Throughput Guarantee for such Billing Period, and any Billing Period Throughput Deficiency or Billing Period Throughput Surplus for such Billing Period. (G) Disposal of Bypass Processible Waste. The Company agrees after the Acceptance Date to transfer and transport all Bypass Processible Waste from the Facility to an Alternative Waste Disposal Site selected by the Company from time to time and to dispose of all such Bypass Processible Waste at the Alternative Waste Disposal Site. The Company shall pay all costs and expenses incurred in connection with the transfer, transportation and disposal of such Bypass Processible Waste to or at an Alternative Waste Disposal Site, regardless of the transportation distance and cost and regardless of the disposal cost involved. In the event the Alternative Waste Disposal Site is the County Landfill, the disposal costs charged to the Company will be 200 percent of the tipping fee in effect from time to time. In the event of a protracted shutdown of the Facility for any reason, the Company shall exercise its commercially reasonable efforts to use the Facility to provide transfer station operations in order to facilitate the disposal of Bypass Processible Waste. (H) Alternative Waste Disposal Site. An "Alternative Waste Disposal Site", as used herein, means a sanitary landfill, waste-to-energy facility or other solid waste management facility which as applicable (1) is operated in accordance with good engineering practice, (2) if a landfill, is constructed of a double liner or, with the County's consent, a single composite liner, (3) is located in the United States, (4) is not, without the consent of the County given in its absolute discretion, located in the County, (5) does not appear on any federal or State list of sites, such as but not limited to the National Priority List or the CERCLIS list under CERCLA, maintained for the purpose of designating landfills which are reasonably expected to require remediation on account of the release or threat of release of Hazardous 96 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste Material, (6) is being operated at the time of disposal or delivery in accordance with Applicable Law as evidenced by the absence of any regulatory sanctions, notices of violations or significant enforcement actions with respect to material environmental matters, (7) has committed by agreement or obligation of the owner or operator to receive Processible Waste originating in the County, and (8) is not under any executive or judicial order, barring receipt of waste from any region which includes the County. No waste-to-energy facility shall qualify as an Alternative Waste Disposal Site unless the site at which the ash residue therefrom is disposed also qualifies as an Alternative Waste Disposal Site hereunder. The Company shall provide evidence satisfactory to the County, prior to the use of any Alternative Waste Disposal Site and from time to time as requested thereafter, that the intended disposal location (and any related ash residue site) conforms with the requirements of this subsection. Any Alternative Waste Disposal Site shall be selected by the Company and, except as specifically provided herein, shall not require the approval of the County so long as the site conforms with each of the criteria set forth in this subsection. (I) Segregation of Non-Processible Waste. The Company shall be responsible for segregating the Processible Waste from Non-Processible Waste received at the Facility. Non-Processible Waste shall be handled, used or sold for beneficial re-use, or disposed of by the Company in accordance with Applicable Law. The Company shall use its best reasonable efforts to dispose of such material in a manner that will result in the least cost to the County, unless the County consents otherwise, in writing, in order to promote recycling or a beneficial use of such material. The Company shall receive payment for the disposition of Non-Processible Waste as set forth in Article XV. To the extent that Hazardous Material is delivered to the Facility, such waste will be handled in accordance with Section 10.8 herein and Applicable Law. (J) Storage. No Processible Waste may be stored outside the tipping floor (if permitted by Applicable Law) and the receiving pit of the Facility, except during an emergency and then only in conformity with Applicable Law. The Company will expeditiously remedy any nuisance conditions caused by its operation, including, without limitation, any noise or odor constituting a nuisance. SECTION 10.3. DELIVERY SCHEDULES. PROCEDURES AND REQUIREMENTS. (A) Annual Operating Plan. At least 60 days prior to the commencement of each Contract Year, the County and the Company shall establish an Annual Operating Plan for the delivery, receipt and processing of Solid Waste at the Facility. The Annual Operating Plan also shall provide for such matters as the parties may mutually deem necessary or desirable in the implementation of this Service Contract. The County and the Company may revise the Annual Operating Plan for the current Contract Year at any time by mutual consent. The 97 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste Annual Operating Plan shall not limit the Company's obligation to receive and process Solid i Waste delivered by the County in accordance with this Service Contract. (B) Registered Haulers. The County will compile and provide the Company with the following information about all Registered Haulers: name and address; identification number; area of collection and transportation; and status as a contract operator or municipal or district hauler for the County. The County shall require that all Registered Haulers be reasonably bonded or insured and follow reasonable safety procedures developed by the Company with respect to activities at the Facility. (C) Delivery Procedures. Deliveries of Solid Waste hereunder shall be substantially in accordance with written procedures established by mutual consent of the parties. Such delivery procedures shall reflect the waste transportation and disposal practices within the County and the Facility's design and operating requirements, as in effect at the time of delivery, and shall not unreasonably either impede the ability of the County to deliver or cause the efficient delivery of all Solid Waste which the Company is obligated to receive from the County hereunder or impair the ability of the Company to receive and process such Solid Waste in accordance with this Service Contract. The delivery and receipt of Solid Waste shall be arranged by the parties so as to avoid, delivery vehicle stacking on roadways outside the Site. (D) Spillage of Solid Waste. The Company shall carry on its activities in the Facility in such manner that solid waste will not blow, leak or spill onto the Site or elsewhere, and the Company shall bear the cost of cleaning up and correcting any damage resulting from any blowing, leakage or spillage caused by its employees, agents or Subcontractors and shall make and file any reports with respect thereto required under this Service Contract and Applicable Law. Nothing in this subsection 10.3(E) shall limit the right of the Company to recover such costs from any Registered Hauler causing any spillage or damage. (E) Release of Hazardous Substances. The Company, after first notifying the County, shall be responsible to fulfill all notification or reporting requirements associated with any release of any substance into the environment (from the Facility or the Site) as required by Applicable Law or by any licenses, permits and approvals issued by any regulatory agencies for the Facility, including, but not limited to, the notification or reporting of releases of Hazardous Material. The Company shall prepare a memorandum evidencing such notification or reporting and provide copies thereof to the County, along with any documents provided to the relevant regulatory agency regarding such release. SECTION 10.4. RECEIVING AND OPERATING HOURS. (A) Receiving Time. On and after the Acceptance Date, the Company shall keep the Facility open for receiving Processible Waste (1) from 7:00 A.M. until 4:15 P.M. Monday through Sunday (other than New 98 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste Year's Day, Thanksgiving Day and Christmas Day) for general deliveries, and (2) during such additional hours as may be required to accommodate the usual special collection practices of the County on account of any holiday or to accommodate the County's disposal requirements on account of a special event, a natural disaster, or an emergency condition (the "Receiving Time"). The Company shall, based on the operating history at the Facility, provide the County with reasonable notice of anticipated additional hours of operation which may be necessary and cost associated with such additional hours of operations. The County shall reimburse the Company for any additional labor costs, including overtime charges, incurred as a result of extending the Receiving Time in accordance with item (2) above, except in the event of the extension of the Receiving Time is made at the request of the Company. (B) Operating Hours. On and after the Acceptance Date, the Company shall operate the Facility on a continuous basis in a manner which is consistent with the Performance Guarantees and sound operating practice, except as affected by Uncontrollable Circumstances. SECTION 10.5. WEIGHING RECORDS. (A) Measurement Devices and Procedures. The County shall operate and maintain truck scales, installed in accordance with Appendix 8 hereto and calibrated to the accuracy required by Applicable Law, to weigh all vehicles delivering waste to and removing waste from the Facility. The County shall require that each vehicle delivering or removing waste hereunder shall have a current and accurate tare weight permanently indicated and conspicuously displayed on the exterior of the vehicle in a location designated by the Company. The Company in its reasonable discretion may require the revalidation of the tare weight of any vehicle or the reweighing of unloaded vehicles. Each loaded vehicle shall be weighed, indicating gross weight, tare weight, date and time and vehicle identification on a weight record. The Company shall have the right to monitor weighing activities and to review scale records upon reasonable request and shall have the right to request a retesting of the scales. If the scales are found to be accurate within the requirements of Applicable Law, the Company shall pay for the cost of such retesting. If, upon conclusion of testing, the test indicates that the scale did not meet the accuracy requirements required by Applicable Law, adjustments of scale records actually recorded since the previous test will be negotiated by the County and the Company, and payments due hereunder shall be adjusted consistent with such adjustments of scale records. (B) Estimates During Incapacitation. To the extent that weighing facilities are incapacitated or are being tested, the County shall estimate the quantity of waste delivered on the basis of truck volumes and estimated data obtained through historical information. These estimates shall take the place of actual weighing and shall be the basis for records during the scale outage. 99 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste (C) Weight Records. The County shall maintain daily records of the number of Tons of Solid Waste delivered to the Facility, the number of Tons of Processible Waste processed, rejected or removed (rightfully or wrongfully) by the Company, Non-Processible Waste removed from the Facility and Residue, indicating, in each case in and to the extent practicable, the date and time of arrival or departure of each vehicle transporting such Solid Waste or Residue, with appropriate identification of each vehicle, and the disposition of all such materials. All such records shall be in such form as the Company shall reasonably request for billing and statistical purposes, and the County shall maintain copies of all individual vehicle delivery weight records for a period of at least six years. (D) Representative to Monitor Compliance. Each of the County and the Company shall have the right, at its expense, to station its representative at any weighing facilities maintained by the other to monitor the other's compliance with the provisions of this Section 10.5. SECTION 10.6. NON-COUNTY PROCESSIBLE WASTE. (A) Prohibition on Receipt of Non-County Processible Waste. Non-County Processible Waste shall not be knowingly received at the Facility without the consent of the County, notwithstanding the periodic capacity of the Facility to process such waste. (B) Waiver of Prohibition. The County shall have the right to deliver or arrange for the delivery of non-County Processible Waste to the Facility. In the event the County exercises the right to deliver or arrange for the delivery of such waste, any non-County Processible Waste delivered to the Facility will be deemed to constitute County Processible Waste for all purposes of this Service Contract. SECTION 10.7. TEMPORARY SHUTDOWNS. (A) Notice. If the operation of the Facility is temporarily reduced, curtailed or shut down for any reason so that the Company is unable to receive, process and combust all or any portion of the Processible Waste scheduled to be received, processed and combusted in accordance with Section 10.2 hereof, the Company shall at the earliest possible time advise the County as to the nature and probable duration thereof and the expected effect thereof on operations at the Facility. (B) Effect of Temporary Shutdown. During any period in which combustion operations of the Facility is temporarily reduced, curtailed or shut down, the obligations of the parties hereto to deliver and to receive, process and combust waste, and to pay the Service Fee therefor, shall continue, subject to the provisions hereof, including, without limitation, Section 10.2 and Articles XIV, XV and XVI hereof, as applicable. SECTION 10.8. HAZARDOUS MATERIAL. The parties acknowledge that the Facility has not been designed and is not intended to be used in any manner or to any extent as a facility for the handling, transportation, storage or disposal of Hazardous Material. 100 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article X - Delivery and Receipt of Waste Neither the Company nor the County shall countenance or knowingly permit the delivery of I Hazardous Material to the Facility or the Site or the storage of Hazardous Material at the Facility for more than 90 days. The Company shall comply with the waste screening practices and procedures set forth in subsection 10.2(J) hereof and Appendix 8 hereto. The County and the Company shall use their best reasonable efforts to identify any person responsible for delivery to or abandonment at the Facility of any Hazardous Material and to require such person to bear all costs and liabilities associated with the removal, transportation and disposal thereof. The County shall diligently enforce all Applicable Laws of the County prohibiting the delivery of Hazardous Material to the Facility and both the County and the Company shall take all reasonable steps necessary to seek the enforcement of all other Applicable Law regarding such delivery. If the Company discovers that Hazardous Material has been delivered to the Facility, it shall give immediate notice of such discovery to the County and the County shall immediately notify all other appropriate governmental authorities as required by Applicable Law. If the Company is unable to immediately notify the appropriate County officials of the discovery of Hazardous Material at the Site, then the Company shall immediately notify all other appropriate governmental authorities as required by Applicable Law. Immediately upon receipt of such notification, the Company shall, in the most expeditious manner possible in the circumstances cause such Hazardous Material to be cleaned up, removed from the Facility and transported to and disposed of at a landfill or other disposal site selected by the Company in its sole discretion, and lawfully permitted to receive and dispose of such Hazardous Material. Unless the presence of such Hazardous Material at the Facility is due to Company Fault, the reasonable costs associated with the removal, transportation and disposal of such Hazardous Material shall be passed through to the County pursuant to Section 15.5(B). SECTION 10.9. LIMITATION ON FOSSIL FUELS OR COMPANY-SUPPLIED MATERIAL. No material other than Processible Waste delivered by or on behalf of the County shall be combusted by the Facility, except (1) other waste arranged for by the Company with the consent of the County, (2) fossil fuels combusted to maintain furnace temperature in compliance with Applicable Law, and (3) fossil fuel necessary to conduct Start-up Operations and Shutdown Operations; provided, however, that no fossil fuel firing shall be conducted at levels which would cause the Facility to lose its qualifying facility status under the Public Utility Regulatory Policies Act or to cause the provisions of 40 CFR 60 Subpart Db (Standards of Performance for Industrial-Commercial-Institutional Steam Generating Units) to apply to the Facility. 101 487571.8 028493 AGMT ARTICLE XI OPERATION AND MANAGEMENT SECTION 11.1. COMPANY OBLIGATIONS GENERALLY. (A) Operation and Management Responsibility. Commencing on the Acceptance Date, the Company shall operate and manage the Facility on a 24-hour per day, 7-day per week basis, and shall receive Solid Waste delivered, separate Non-Processible Waste from Processible Waste, combust Processible Waste and transport and dispose of Non-Processible Waste and Residue, and otherwise operate and manage the Facility so as to comply with the Contract Standards applicable to such activities, each of the plans pertaining thereto set forth in the Appendices, and the other terms and conditions of this Service Contract. (B) Transfer and Application of Industry Experience. The Company shall use all reasonable efforts to transfer to and apply at the Facility the benefit of the advances and improvements in technology, management practices and operating efficiencies which are developed by the Company, the Guarantor and their Affiliates through the operation of their solid waste reduction businesses and industry research and development activities conducted over the full Term of this Service Contract, and which are useful and appropriate in the good faith judgment of the Company for carrying out the Contract Services in a manner which i improves upon the Contract Standards. The Company and the County shall meet annually to discuss technological advances which could be utilized at the Facility. Implementation of technological advances requested by the County which are proprietary in nature or which require capital modifications to the Facility shall be subject to reasonable compensation by the County. SECTION 11.2. COUNTY OBLIGATIONS GENERALLY. The County, in addition to the obligations it has accepted elsewhere in this Service Contract, shall: (1) Make available to the Company upon request all information relating to the Facility which is in the possession of the County and material to the Company's performance hereunder; (2) Grant and assure the Company access to the Facility and the Reload Building for the performance of its obligations hereunder; and (3) Pay the Service Fee and any other amounts due the Company in accordance with the terms and conditions of this Service Contract. SECTION 11.3. SERVICE COORDINATION AND CONTRACT ADMINISTRATION. (A) Company's Facility Manager. The Company shall appoint a full-time manager of the Facility (the "Facility Manager") who shall be licensed, trained, experienced and proficient in the management and operation of solid waste reduction systems comparable to 102 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management the Facility, shall have an operator's certification and be otherwise appropriately certified under Applicable Law, and whose sole employment responsibility shall be managing the Company's performance of the Operation Services. The Company acknowledges that the performance of the individual serving from time to time as the Facility Manager will have a material bearing on the quality of service provided hereunder, and that effective cooperation between the County and the Facility Manager will be essential to effectuating the intent and purposes of this Service Contract. Accordingly, not fewer than 30 days prior to the date on which any candidate for Facility Manager from time to time during the Term of this Service Contract is proposed by the Company to assume managerial responsibility for the Facility, the Company shall: (1) provide the County with a comprehensive resume of the candidate's licenses, training, experience, skills and approach to management and customer relations; and (2) afford the County an opportunity to interview the candidate with respect to such matters. The County shall have the right within 7 days following such interview to disapprove the hiring of the proposed candidate, which right of disapproval shall not be exercised unreasonably. The Company shall replace the Facility Manager at the request of the County, after notice and a reasonable opportunity for corrective action, in the event the County determines and demonstrates that the Facility Manager has acted incompetently or unprofessionally. The Company acknowledges that the County has an interest in the Company maintaining stability at the Facility Manager position and the Company agrees to utilize commercially reasonable efforts to maintain such stability. (B) Company's Senior Supervisors. The Company shall appoint and inform the County from time to time of the identity of the corporate officials of the Company and Wheelabrator Technology, Inc. with senior supervisory responsibility for the Facility and the performance of this Service Contract (the "Senior Supervisors"). The Company shall promptly notify in writing to the County of the appointment of any successor Senior Supervisors. The Senior Supervisors shall cooperate with the County in any reviews of the performance of the Facility Manager which the County may undertake from time to time, and shall give full consideration to any issues raised by the County in conducting such performance reviews. (C) County's Contract Representative. The County shall designate an individual or firm to administer this Service Contract and act as the County's liaison with the Company in connection with the Operation Services (the "Contract Representative"). The Company understands and agrees that the Contract Representative has only limited authority with respect to the implementation of this Service Contract, and cannot bind the County with respect to any Service Contract amendment or to incurring costs in excess of the amounts appropriated therefor. Within such limitations, the Company shall be entitled to rely on the written directions of the Contract Representative. 103 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management (D) County Approvals and Consents. When this Service Contract shall i require any approval or consent by the County to a Company submission, request or report, the approval or consent shall be given by the County's Contract Representative in writing and such writing shall be conclusive evidence of such approval or consent, subject only to compliance by the County with the Applicable Law that generally governs its affairs. Unless expressly stated otherwise in this Service Contract, and except for requests, reports and submittals made by the Company that do not, by their terms or the terms of this Service Contract, require a response or action, if the County does not find a request, report or submittal acceptable, it shall provide written response to the Company describing its objections and the reasons therefor within 30 days of the County's receipt thereof. If no response is received, the request, report or submittal shall be deemed rejected and the Company may resubmit the same, with or without modification. Requests, reports and submittals that do not require a response or other action by the County pursuant to some specific term of this Service Contract shall be deemed acceptable to the County if the County shall not have objected thereto within 30 days of the receipt thereof. (E) Communications and Meetings. On or before the Acceptance Date, the Company shall inform the County of the telephone, cellular telephone, fax and beeper numbers, e-mail address and other means by which the Facility Manager and Senior Supervisors may be contacted. The Facility Manager shall be reachable 24 hours a day, seven days a week and shall, at the County's request, attend weekly meetings with the County's Department of Environmental Management staff. The County shall furnish to the Company comparable communications information with respect to the County's Contract Representative. The Company shall meet with the County each month to review the contents of the operations reports required to be prepared pursuant to Section 11.13. The Facility Manager shall personally attend the monthly operations meetings with the County, and the Facility Manager, and if requested by the County, the Senior Supervisors and representatives of the Guarantor shall personally attend all special meetings which the County may reasonably request from time to time, to review management, operational, performance and planning matters arising with respect to the Facility and this Service Contract. It is the desire of the parties to resolve disputes without third party intervention and, therefore, prior to instituting the dispute resolution methods set forth in Article XVI, senior officials from the Company and the County shall meet to attempt to resolve any such dispute. Any issue in dispute which the parties are unable to resolve at such monthly and special meetings may be referred to Non-Binding Mediation, as provided for in Section 16. 11, and the resolution of any issues resolved at such meetings or through Non-Binding Mediation shall be reflected in a Contract Administration Memorandum, 104 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management SECTION 11.4. OPERATION AND MAINTENANCE MANUAL. (A) Company Responsibili ty. The Operation Services shall be performed substantially in compliance with the Operation and Maintenance Manual and the Company's computerized maintenance management system ("CMMS"). The Company shall keep the Operations and Maintenance Manual current and shall supply the County with appropriate updates, supplements or revisions thereto annually or at any earlier time that a material change to the Operation and Maintenance Manual is made, to be reviewed and commented on in accordance with Appendix 8. Such updates shall preserve the standards set forth in the initial Operation and Maintenance Manual. Notwithstanding any such review and comment by and discussion with the County, the Operation and Maintenance Manual shall remain, at all times, the responsibility of the Company. Neither the review of or comment upon, nor the failure of the County to comment upon, the Operation and Maintenance Manual shall: (1) relieve the Company of any of its responsibilities under this Service Contract; (2) be deemed to constitute a representation by the County that operating the Facility pursuant to the Operation and Maintenance Manual will cause the Facility to be in compliance with this Service Contract or Applicable Law; or (3) impose any liability upon the County. (B) Supplements for Capital Modifications. The Company shall prepare supplements and revisions to the Operation and Maintenance Manual which are required due to the design, construction and installation of all Capital Modifications. Such supplements and revisions shall be provided, reviewed and approved in the same manner as provided in this Section with respect to the initial Operation and Maintenance Manual. The cost and expense of such supplements and revisions shall be borne by the Company, except with respect to supplements and revisions necessitated by Capital Modifications directed by the County or required by a Change in Law or other Uncontrollable Circumstance. SECTION 11.5. STAFFING AND PERSONNEL TRAINING. (A) Staffine. The Company shall staff the Facility during the Term of this Service Contract with qualified personnel who meet the licensing and certification requirements of the State in accordance with the Contract Standards. The Company shall discipline or replace, as appropriate, any employee of the Company or any Subcontractor engaging in unlawful, unruly or objectionable conduct. The Company shall notify the County of any material change in staffing levels and positions from time to time, and shall not make any such material change if the new staffing level would adversely affect the ability of the Company to provide the Contract Services. (B) Trainin¢. The Company shall be responsible for training the Facility Manager, operations supervisors and other Company personnel. No later than 90 days prior to Substantial Completion, the Company shall submit to the County for its review and comment a personnel training program which the Company proposes to institute in order to ensure that 105 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management the Facility is managed and operated in accordance with this Service Contract. Such personnel training program shall include, at a minimum, the personnel training guidelines, policies and procedures established: (1) by the DOH and the EPA; (2) in any Governmental Approval or operator's certificate required or issued by any Governmental Body; and (3) in any other Applicable Law. SECTION 11.6. ELECTRICITY SUPPLY AND CONSUMPTION. The County shall have the exclusive right to arrange for the supply of electricity to the Facility, and to negotiate and establish electric rates with the supplier. The Company shall cooperate with and assist the County in making such arrangements, and the County shall give reasonable consideration to any requests and recommendations made by the Company as to the terms and conditions of electricity supply. The Company shall pay all electricity bills and the County shall reimburse the Company for all electricity costs up to the Guaranteed Maximum Electricity Utilization as set forth in Section 15.15. The Company shall operate the Facility in a manner which minimizes, to the maximum extent reasonably practicable in light of its obligation to provide the Contract Services, charges for electricity use, demand, transmission and collection which are reimbursable by the County hereunder. SECTION 11.7. SAFETY AND SECURITY. (A) Safetv. The Company shall maintain the safety of the Facility at a level consistent with the Contract Standards. Without limiting the foregoing, the Company shall: (1) take all reasonable precautions for the safety of, and provide all reasonable protection to prevent damage, injury or loss by reason of or related to the operation of the Facility to, (a) all employees working at the Facility and all other persons who may be involved with the operation, construction, maintenance, repair and replacement of the Facility, (b) all visitors to the Facility, (c) all materials and equipment under the care, custody or control of the Company on the Site, (d) other property constituting part of the Facility, and (e) County Property located on or in the immediate vicinity of the Facility Site; (2) establish and enforce all reasonable safeguards for safety and protection, including posting danger signs and other warnings against hazards and promulgating safety regulations; (3) give all notices and comply with all Applicable Laws relating to the safety of persons or property or their protection from damage, injury or loss; (4) designate a qualified and responsible employee whose duty shall be the supervision of Facility safety, the prevention of fires and accidents and the coordination of such activities as shall be necessary with federal, State and County officials; (5) operate all equipment in a manner consistent with the manufacturer's safety recommendations; (6) provide for safe and orderly vehicular movements; and (7) develop and carry out a Site-specific safety program, including employee training and periodic inspections, designed to implement the requirements of this Section. 106 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management (B) Securi . The Company shall be responsible for the security of the Facility, and shall maintain suitable fences, gates and locks at the Facility in accordance with the Design Requirements. The Company shall guard against and be responsible for all damage or injury to such properties caused by trespass, negligence, vandalism or malicious mischief of third parties. The Company shall comply with EPA and DOH guidelines regarding security measures for terrorist threats and activities. SECTION 11.8. COMPLIANCE WITH APPLICABLE LAW. (A) Compliance Obligation. The Company shall perform the Contract Services in accordance with Applicable Law, and shall cause all Subcontractors to comply with Applicable Law. The Company shall comply with the terms of all Governmental Approvals and other Applicable Law pertaining to the Facility, air emissions and odor, and Residue notwithstanding the fact that the Company may not be a permittee or co-permittee with respect to some or all of such Governmental Approvals. The Company's obligations under this Section shall apply regardless of the extent to which the County complied with Applicable Law with respect to the Facility prior to the Construction Commencement Date. (B) Sampling. Testing and Laboratory Work. The Company shall perform and provide and bear the cost of, all sampling, laboratory testing and analyses, and quality assurance and quality control procedures and programs required by the Contract Standards. All testing laboratories shall be certified by the appropriate State agency and EPA, as applicable, for the applicable test, shall be operated in accordance with Good Industry Practice, and shall be audited and monitored by the Company for compliance with EPA standard test methods. All sampling and test data shall be available for review by, and reported to, the County in accordance with Section 11.13 and Appendix 8. The Company explicitly assumes the risk of incorrect sampling, testing and laboratory work and any consequences thereof or actions taken or corrections needed based thereon, whether such work is performed by itself or third parties, both as to failures to detect and as to false detections. The Company shall permit the County, at the County's expense, to perform any testing, sampling or analytical procedure it deems appropriate, using the Facility or otherwise. To the extent County testing interferes with Company performance, the Company shall be entitled to performance relief; provided, however, if such testing determines that the Facility was not operating in accordance with the Contract Standards, no relief will be afforded the Company and the Company shall reimburse the County the cost of such tests. The County will make available to the Company all dates and test results obtained through the County initiated testes. (C) Investigations of Non-Compliance. In connection with any actual or alleged event of non-compliance with Applicable Law, the Company shall, in addition to any other duties which Applicable Law may impose: (1) fully and promptly respond to all inquiries, 107 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management investigations, inspections, and examinations undertaken by any Governmental Body; (2) attend all meetings and hearings required by any Governmental Body; (3) provide all corrective action plans, reports, submittals and documentation required by any Governmental Body; (4) in conjunction with the County, communicate in a timely and effective manner with the general public as to the nature of the event, the impact on the public, and the nature and timetable for the planned remediation measures; and (5) immediately upon receipt thereof, provide the County with a true, correct and complete copy of any written notice of violation or non-compliance with Applicable Law, and true and accurate transcripts of any verbal notice of non-compliance with Applicable Law, issued or given by any Governmental Body. The Company shall furnish the County with an immediate written notice describing the occurrence of any event or the existence of any circumstance which does or may result in any such notice of violation or non-compliance to the extent the Company has knowledge of any such event or circumstance, and of any Legal Proceeding alleging such non-compliance. (D) Fines, Penalties and Remediation. Except to the extent excused by Uncontrollable Circumstances or County Fault, in the event that the Company or any Subcontractor fails at any time to comply with Applicable Law with respect to the Facility, air emissions, odor, Residue or other environmental or operating condition, the Company shall, without limiting any other remedy available to the County upon such an occurrence and notwithstanding any other provision of this Service Contract: (1) immediately correct such failure and resume compliance with Applicable Law; (2) bear all Loss-and-Expense of the Company and the County resulting therefrom; (3) pay or reimburse the County for any resulting damages, fines, assessments, levies, impositions, penalties or other charges; (4) make all Capital Modifications and changes in operating and management practices which are necessary to assure that the failure of compliance with Applicable Law will not recur; and (5) comply with any corrective action plan filed with or mandated by any Governmental Body in order to remedy a failure of the Company to comply with Applicable Law. (E) No Nuisance Covenant. The Company shall keep the Facility neat, clean and litter-free at all times, ensure that the operation of the Facility does not create any odor, litter, noise, fugitive dust, vector, excessive light or other adverse environmental effects constituting, with respect to each of the foregoing, a nuisance condition under Applicable Law. Should any such nuisance condition occur which is not caused by Uncontrollable Circumstances, the Company shall immediately take appropriate steps to remedy the condition and continue to implement a plan to fully remedy the condition so that the condition is fully remedied as soon as possible, pay any fines or penalties relating thereto, make all Capital Modifications and changes in operating and management practices necessary to prevent a 108 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management recurrence of the nuisance condition, and indemnify and hold harmless the County from any Loss-and-Expense relating thereto in the manner provided in Section 17.3. SECTION 11.9. OPERATING GOVERNMENTAL APPROVALS. (A) Applications and Submittals. Except as otherwise expressly set forth in Appendix 1, the Company shall make all filings, applications and reports necessary to obtain and maintain all Governmental Approvals required to be made, obtained or maintained by or in the name of the Company or the County under Applicable Law in order to operate the Facility. With respect to Governmental Approvals which are required to be obtained in the name of the County, the Company shall: (1) prepare the application and develop and furnish all necessary supporting material; (2) supply all data and information which may be required; (3) familiarize itself with the terms and conditions of such Governmental Approvals; (4) attend all required meetings and hearings; and (5) take all other action necessary in obtaining, maintaining, renewing, extending and complying with the terms of such Governmental Approvals. All permit and filing fees required in order to obtain and maintain Governmental Approvals for the Contract Services shall be paid by the Company, except otherwise expressly set forth in Appendix 1, regardless of the identity of the applicant, except Governmental Approvals required in connection with an Uncontrollable Circumstance. The Company shall agree to be named as a co-permittee on any Governmental Approval if so required by the issuing Governmental Body or the County. The I Company shall not disadvantage the County in any application, data submittal or other communication with any Governmental Body regarding Governmental Approvals. The final terms and conditions of any Governmental Approval shall be subject to the County's approval, exercisable in its sole discretion. (B) Data and Information. All data, information and action required to be supplied or taken in connection with the Governmental Approvals required for the Contract Services shall be supplied and taken on a timely basis considering the requirements of Applicable Law and the responsibilities of the County as the legal and beneficial owner of the Facility and primary permittee. The data and information supplied by the Company to the County and all regulatory agencies in connection therewith shall be correct and complete in all material respects, and shall be submitted in draft form to the County sufficiently in advance to allow full and meaningful review and comment by the County. The Company shall be responsible for any schedule and cost consequences which may result from the submission of materially incorrect or incomplete information supplied by the Company. To the extent a Governmental Body requires the County to supply information, the County shall be responsible for any schedule or cost consequences which may result from the submission of materially incorrect or incomplete information supplied by the County. 109 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management (C) Non-Compliance and Enforcement. The Company shall report to the i County, immediately upon obtaining knowledge thereof, all violations of the terms and conditions of any Governmental Approval or Applicable Law pertaining to the Facility. The County shall have the right independently to enforce compliance with this Contract regarding the requirements of any Governmental Approval regardless of whether a concurrent or different regulatory enforcement action has been undertaken by any other Governmental Body. The failure of the Company to comply with any Governmental Approval shall constitute an event of non-compliance of this Service Contract as well as an event of non-compliance with the Governmental Approval. (D) Reports to Governmental Bodies. The Company shall prepare all periodic and annual reports, make all information submittals and provide all notices to all Governmental Bodies required by all Governmental Approvals and under Applicable Law with respect to the Facility, including sampling and testing results and monthly discharge monitoring reports. Such reports shall contain all information required by the Governmental Body, and may be identical to comparable reports prepared for the County, if such are acceptable to the Governmental Body. The Company first shall provide the County with copies of such regulatory reports for review, comment and signature, as applicable, at least ten days before their filing with the Governmental Body and, in any case, within 15 days after the end of each month, and then with the Governmental Body. If the ten day time period set forth in the preceding sentence cannot be practically complied with, the Company will provide such reports as soon as possible and the County will provide comments as soon as possible thereafter. (E) Potential Regulatory Change. The Company shall keep the County regularly advised as to potential changes in regulatory requirements affecting the solid waste reduction industry and the Facility, and provide recommended responses to such potential changes so as to mitigate any possible adverse economic impact on the County should a Change in Law actually occur. SECTION 11.10. COUNTY ACCESS TO FACILITY. The County and any regulatory body that has jurisdiction over the County and the Operation Services shall have the right at any time, on a 24-hour per day, 365-day per year basis, to visit and inspect the Facility and observe the Company's performance of the Contract Services without prior notice. The Company shall permit and facilitate access to the Facility for such purposes by County personnel and by agents and contractors designated by the County. Keys or passwords, as applicable, for the facilities or structures comprising the Facility shall be provided to the County's Contract Representative by the Company in accordance with the Company's physical security plan and key control program. All visitors shall comply with the Company's reasonable operating and safety procedures and rules, and shall not interfere with the 110 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management Company's operations of the Facility. When visiting any portion of the Facility that is staffed I by the Company at the time of the visit, all County employees, agents and contractors shall announce themselves to the staff and Company employees may elect to accompany any County employees, agents and contractors during the visit. The Company shall maintain a visitors' log during the Term of this Service Contract and shall require that all visitors to the Facility (other than visitors on organized tours or Company personnel) sign in and sign out in the visitors' log. SECTION 11.11. ASSET AND FINANCIAL RECORDS. (A) Facility Records. The Company, on and after the Acceptance Date, shall establish and maintain a computerized information system with respect to the Facility for operations and maintenance data and process control, including the information necessary to verify calculations made pursuant to this Service Contract and demonstrate compliance with the Contract Standards. The Company shall promptly provide the County, upon reasonable request, with copies of all operations and maintenance data and other information kept by the Company in its performance of the Contract Services. (B) Availability of Facility Records to County. The Company shall make available to the County upon County request all operations, maintenance, performance, Residue management, process control and similar records and data as are available to the Company's Facility Manager. The County shall have real time, continuous computer access to continuous emissions monitoring data (and hard copy reproduction capability) through information systems installed in accordance with the Design Requirements. (C) Record Documents. The Company shall maintain at the Facility and make available to the County upon request for review and copying: (1) all designs, drawings, blueprints, plans, specifications and "as-built" or record drawings and documents pertaining to the Facility copies of which were delivered to the County by the Company pursuant to Appendix 7; and (2) similar documents relating to any Capital Modifications. The Company shall keep current all such records to show any changes to the Facility made by the Company in the performance of the Contract Services. (D) Financial Records. The Company shall prepare and maintain proper, accurate, complete and current financial books, records and accounts, in accordance with generally accepted accounting principles, with respect to all aspects of the Facility and Contract Services, including direct and indirect personnel expenses, Subcontractor costs, the costs of material, equipment and supplies, maintenance, repair and replacement items, operating expenses and overhead. These financial records shall be in form and substance sufficient to support all financial reporting, including Cost Substantiation, required hereunder. In the event the Company fails to prepare or maintain any books, records or accounts as required under this Section, the Company shall not be entitled to any requested payments or 111 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management adjustment for which Cost Substantiation was required hereunder to the extent such failure i prevented Cost Substantiation. The Company shall keep the relevant portions of the books, records and accounts maintained with respect to each Contract Year until at least the sixth anniversary of the last day of each such Contract Year. For those circumstances that require Cost Substantiation under Section 19.6, the Company shall make such books and records available to the County for inspection, audit and copying upon reasonable notice during business hours to the extent necessary to allow the County to determine to its reasonable satisfaction the accuracy, completeness, currency and propriety of any charge or request for payment hereunder. The Company shall not be required to provide the County any income statement showing profit or loss, but recognizes that profit and loss information may become discernible to the County through the Cost Substantiation process. The provisions of this Section shall survive the termination of this Service Contract. (E) Company Financial Reports. Unless the Company is organized as a sole purpose company (dedicated to this project), the Company shall furnish the County, within 90 days after the end of each Contract Year, consolidating balance sheets and income statements for the Company attached to the audited year and financial statements reported upon by the Company's independent public accountant. If applicable, the Company shall also furnish the County with copies of the quarterly and annual reports and other filings of the Company filed with the Securities and Exchange Commission. (F) Inspection, Audit and Adjustment. The County shall have the right to perform or commission an inspection or independent audit of the financial information required to be kept under this Section, subject to possible reimbursement as provided in this Section. If an inspection or audit reveals that the Company has overstated the Service Fee, then the Company shall, at the election of the County, either immediately reimburse to the County or offset against future Service Fee payments, as a Service Fee adjustment, the overstated amount, in addition to interest, from the time such amount was initially overpaid until reimbursed or credited to the County, at the Prime Rate. If an inspection or audit contemplated by this Section discloses an overpayment of the Service Fee to the Company of 1% or more of the total amount that should have been properly paid by the County during the period audited, then the Company shall, in addition to the reimbursement or credit of such overpaid amount, with interest, reimburse the County for any and all Fees and Costs incurred in connection with the inspection or audit. The foregoing remedies shall be in addition to any other remedies the County may have, including remedies for an Event of Default by the Company. If an inspection or audit reveals that the Company has understated the Service Fee, the County shall pay the Company the understated amount. 112 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management SECTION 11.12. PERIODIC REPORTS. (A) Monthly Operations. The Company shall provide the County with monthly operations reports no later than 15 days after the end of each Billing Period in a form approved by the County, in accordance with the provisions set forth in Appendix 8. (B) Annual Operations and Maintenance Reports. The Company shall furnish the County, within 30 days after the end of each Contract Year, an annual report in accordance with the provisions set forth in Appendix 8, including a summary of the information contained in the monthly operations reports. The Company shall also perform and report to the County, as part of its annual operations report, the results of a comprehensive performance evaluation which reviews and analyzes the administrative, operational and maintenance practices employed in the management of the Facility. (C) Default Reports. The Company shall provide to the County, immediately after the receipt thereof, copies of any written notice of a material default, breach or non compliance received or sent under or in connection with any material contract entered into by the Company in connection with the Contract Services. (D) Permit Communications and Reports. The Company shall provide to the County copies of all communications and reports furnished to any Governmental Body pursuant to this Section simultaneously with their submittal to the Governmental Body. (E) Periodic Audits. The County, or the Independent Engineer selected by the County, shall have the right, but not the obligation, to conduct periodic audits and annual inspections of the Facility to assess whether (1) the Company has performed all necessary maintenance, repairs and replacements (including major repairs and replacements), and (2) the Facility is operating in compliance with Applicable Law and the performance standards specified herein. Such inspections and audits may include, but shall not be limited to, (1) walk-through inspections of the Facility, (2) useful life engineering audits of machinery, equipment, vehicles, and structures constituting the Facility, and (3) actual performance tests on equipment, processes, and the Facility. Any such audits and inspections shall not interfere with the Company's performance obligations hereunder. SECTION 11.13. EMERGENCIES. (A) Emergency Plan. Upon Substantial Completion, the Company shall have provided the County with a plan of action to be implemented in the event of an emergency, including fire, weather, environmental, health, safety and other potential emergency conditions. The plan shall: (1) provide for appropriate notifications to the County and all other Governmental Bodies having jurisdiction and for measures which facilitate coordinated emergency response actions by the County and all such other appropriate Governmental Bodies; (2) specifically include spill prevention and response 113 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management measures; and (3) assure the timely availability of all personnel required to respond to any I emergency (no later than two hours during nights, weekends or holidays). The emergency plan shall be reviewed by the parties annually as part of the review of the annual operations report, and updated when necessary. (B) Emergency Action. Notwithstanding any requirement of this Service Contract requiring County approval or consent to reports or submittals, if at any time the Company determines in good faith that an emergency situation exists such that action must be taken to protect the safety of the public or its employees, to protect the safety or integrity of the Facility, or to mitigate the immediate consequences of an emergency event, then the Company shall take all such action it deems in good faith to be reasonable and appropriate under the circumstances. As promptly thereafter as is reasonable, the Company shall notify the County of the event at an emergency phone number from a list supplied by the County, and the Company's response thereto. The cost of the Company's response measures shall be borne by the Company except to the extent the emergency event was caused by an Uncontrollable Circumstance, in which case the County shall bear the cost. SECTION 11.14. CONTRACT ADMINISTRATION. (A) Administrative Communications. The parties recognize that a variety of contract administrative matters will routinely arise throughout the Term of this Service Contract. These matters will by their nature involve requests, notices, questions, assertions, responses, objections, reports, claims, and other communications made personally, in meetings by phone, by mail and by electronic and computer communications. The purpose of this Section is to set forth a process by which the resolution of the matters at issue in such communications, once resolution is reached, can be formally reflected in the common records of the parties so as to permit the orderly and effective administration of this Service Contract. (B) Contract Administration Memoranda. The principal formal tool for the administration of matters arising under this Service Contract between the parties shall be a "Contract Administration Memorandum". A Contract Administration Memorandum shall be prepared, once all preliminary communications have been concluded, to evidence the resolution reached by the County and the Company as to matters of interpretation and application arising during the course of the performance of their obligations hereunder. Such matters may include, for example: (1) claims for an increase or decrease of the Service Fee or other demands for compensation or performance based on any provision of this Service Contract; (2) issues as to the meaning, interpretation, application or calculation to be made under any provision hereof; (3) the specific details and terms of any Change Order; (4) notices, waivers, releases, satisfactions, confirmations, further assurances and approvals given hereunder; and (5) other similar contract administration matters. 114 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XI - Operation and Management (C) Procedures. Either party may request the execution of a Contract I Administration Memorandum. When resolution of the matter is reached, a Contract Administration Memorandum shall be prepared by or at the direction of the County reflecting the resolution. The Contract Administration Memorandum shall be numbered, dated, signed by the Contract Representative of each party, and co-signed by a Senior Supervisor for the Company and by the County's Director of Environmental Management. The County and the Company each shall maintain a parallel, identical file of all Contract Administration Memoranda, separate and distinct from all other documents relating to the administration and performance of this Service Contract. (D) Effect. The executed Contract Administration Memoranda shall serve to guide the ongoing interpretation and performance of this Service Contract. Any material change, alteration, revision or modification of this Service Contract, however, shall be effectuated only through a formal Service Contract amendment authorized, approved or ratified by resolution of the governing body of the County and properly authorized by the Company. SECTION 11.15. COST REDUCTION AND SERVICE IMPROVEMENT. In the event either party offers the other party any idea, approach or concept for lowering the Company's cost, reducing the County's Service Fee or total costs, or improving the Company's service, the other party shall reasonably consider and explore the development and implementation of the concept. Neither party shall be obligated to negotiate or to agree to amend this Service Contract to effectuate any such idea, approach or concept except in its sole discretion and upon terms and conditions acceptable to it. 115 487571.8 028493 AGMT ARTICLE XII r PERFORMANCE SECTION 12.1. FACILITY PERFORMANCE GENERALLY. (A) Reliance. The Company acknowledges that the County, in processing Solid Waste, is providing an essential public service, and in complying with its obligations under Applicable Law is relying on the performance by the Company of its obligations hereunder. (B) Curtailments and Shutdowns. If the operation of the Facility for any reason is temporarily reduced, curtailed or shut down so that the Company is unable to receive and reduce any quantity of Solid Waste in accordance herewith, the Company shall immediately advise the County as to the nature and probable duration thereof and the expected effect on the operation of the Facility, and take all steps necessary to remedy the curtailment or shutdown and to resume full performance hereunder as soon as possible. (C) Limitations on Company Rights. The Company shall not accept Solid Waste other than Solid Waste delivered to the Facility by or on behalf of the County and shall not use the Facility for any purpose other than the purposes contemplated hereby. The Company shall not impose a fee or charge on any third party for the processing of Solid Waste or any other waste. The only compensation payable by the County to the Company for providing the Operation Services shall be the Service Fee payable by the County hereunder. SECTION 12.2. ANNUAL FACILITY THROUGHPUT GUARANTEE. The Company shall operate the Facility at all times of operation subsequent to start-up and Acceptance Testing so that it meets the Annual Facility Throughput Guarantee in accordance with Section 10.2 and Appendix 2. SECTION 12.3. ANNUAL ELECTRICITY PRODUCTION GUARANTEE. The Company shall operate the Facility at all times of operation subsequent to start-up and Acceptance Testing so that it meets the Annual Electricity Production Guarantee [AS PROPOSED ON COMPANY'S PROPOSAL]. SECTION 12.4. ENVIRONMENTAL GUARANTEE. (A) General. The Company shall operate the Facility at all times of operation subsequent to start-up and Acceptance Testing so that it continuously meets the Environmental Guarantee, notwithstanding periodic variations in the composition of Processible Waste which is combusted by the Facility. In the event the Company fails to comply with the Environmental Guarantee, it shall be obligated to perform the Environmental Performance Obligations set forth in subsection 12.4(B) hereof. The County shall be entitled to enforce the Environmental Performance Obligations as provided herein notwithstanding the provisional or final Acceptance of the Facility at the Minimum Acceptance Standard. 116 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance (B) Company Non-Compliance with Environmental Guarantee. If at any time subsequent to the start-up and Acceptance Testing of the Facility, the Company fails to comply with the Environmental Guarantee for any reason other than Uncontrollable Circumstances or County Fault, the Company shall (except as provided in subsection 12.4(D) hereof), at its own cost and expense and without relief under any other Performance Guarantee: promptly notify the County of any such non-compliance; provide the County promptly with copies of any notices sent to or received from the DOH or USEPA with respect to any permit violations; pay any resulting damages, fines, assessments or other charges resulting therefrom; and take any action (including without limitation making all repairs, replacements, Capital Modifications or operating changes) necessary in order to (1) comply with the Environmental Guarantee and continue or resume performance hereunder, (2) eliminate the cause of preventable recurrences of non-compliance with the Environmental Guarantee, and (3) avoid or prevent substantial, repeated occurrences of non-compliance with the Environmental Guarantee. Time shall be of the essence in taking all such corrective action. The payment and performance obligations described in this subsection (C) shall constitute the "Environmental Performance Obligations." The Company shall continuously operate the equipment installed in the Facility pursuant to the Design Requirements for the purpose of controlling emissions and measuring environmental emissions on a continuous, computerized basis, and shall keep complete and accurate records of such operations and measurements. The records so maintained shall be used to determine-compliance by the Company with the Environmental Guarantee. (C) Environmental Guarantee. Permits and Uncontrollable Circumstances. The parties acknowledge that the Environmental Guarantee has been established prior to the negotiation and issuance of permits, licenses and approvals by the appropriate regulatory agencies, and that the Environmental Guarantee shall be complied with irrespective of the terms and conditions contained in the required licenses, permits and approvals. In the event any appropriate regulatory agency imposes conditions to the issuance of any such license, permit or approval which are more stringent than those constituting the Environmental Guarantee, and such conditions of greater stringency cannot be complied with without additional expense or delay, then the imposition of such conditions shall be considered to be an Uncontrollable Circumstance. If the Company seeks and the County grants relief from the Environmental Guarantee in any respect in connection with the negotiation of permit terms and conditions with appropriate regulatory agencies, the relief afforded by the County shall be taken into account in the determination of any performance adjustments to be made hereunder on account of such an Uncontrollable Circumstance. SECTION 12.5. RESIDUE GUARANTEE. (A) General. The Company shall operate the Facility at all times of commercial operation subsequent to shakedown and 117 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance Acceptance Testing so that it continuously meets the Residue Guarantee, notwithstanding f periodic variations in the composition of Processible Waste which is combusted by the Facility. In the event the Company fails to comply with the Residue Guarantee, it shall be obligated to perform the obligations set forth in subsections 12.5(B) and (C) hereof. (B) Residue Performance Liquidated Damages. The Company shall pay the incremental costs and expenses incurred by the County in any Billing Period in connection with payment of any applicable fines and the disposal of Residue which costs and expenses would not otherwise have been incurred, to the extent that (1) such incremental costs and expenses are incurred as a result of a failure of the Residue to meet the Residue Guarantee (including, without limitation, the costs of transporting and disposing of any additional quantities of Residue which would not have been produced had the Residue Guarantee been achieved) which failure is due to any reason other than Uncontrollable Circumstances or County Fault, or (2) any Residue constitutes Hazardous Material as a result of the processing by the Company of Hazardous Material which the Company discovered prior to processing or did not discover due to its gross negligence or willful misconduct or its unexcused failure to observe the waste screening protocol set forth in Appendix 8 hereto ("Residue Performance Liquidated Damages"). In determining such incremental costs, the disposal costs of the County Landfill shall be calculated at 200 percent of the then applicable tipping fee. (C) Procedures for Determining Compliance with Residue Guarantee. The parties hereto agree that if the County determines at any time that the Company has failed or may have failed to comply with the Residue Guarantee, the County shall promptly notify the Company of such determination. If the Company concurs in such determination or fails to respond to the County within seven days from receipt of such notice, the Company shall be deemed to have concurred in the Residue Performance Liquidated Damages payable with respect thereto. If the Company does not so concur, it shall within such seven-day period either provide the County and the County Engineer with Facility performance records indicating compliance with the Facility Residue Guarantee or notify the County and the County Engineer that it wishes to test the Facility' s Residue. Such test shall be conducted in accordance with the procedures established with respect thereto described in Appendix 6 hereto, and the cost thereof shall be borne by the Company if the Residue does not meet the Residue Guarantee upon testing for reasons other than Uncontrollable Circumstances or County Fault. If the test indicates compliance with the Residue Guarantee or if the Company fails to meet the Residue Guarantee upon testing due to Uncontrollable Circumstances or County Fault, the, costs of the respective test shall be borne by the County. The Company shall, within 15 days of completion of such test, furnish the County and the County Engineer with a certified written report describing the results of such test, and the County shall 118 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance determine, within five days of its receipt of such report, whether it concurs in the results of i such test. If the County indicates that it concurs with the Company's conclusion, based either on such performance records or test, then the County shall be deemed to have approved and accepted the Company's certification. If the County indicates that it does not concur with such certification and the County and the Company cannot agree within ten days thereafter as to whether the Company's results were correct, either parry may elect to refer the dispute to the Independent Engineer for non-binding mediation in accordance with Section 16.11 hereof. SECTION 12.6. ENVIRONMENTAL TESTING. The County shall have the right, at any time, to re-test the Facility or to require the Company to re-test the Facility for compliance with the Environmental Guarantee and to require the Company to test the Residue for compliance with the Residue Guarantee. Any such test shall be conducted in accordance with the procedures established hereunder for the conduct of the Acceptance Tests and if such test demonstrates that the Facility is operating in accordance with the Environmental Guarantee or the Residue Guarantee or both, then the costs incurred by the Company in performing the test showing such compliance shall be paid to the Company by the County as a Facility Pass Through Cost. If such test shows that the Facility is operating out of compliance with either the Environmental Guarantee or the Residue Guarantee or both, then the costs of the test showing the inability to comply with the applicable guarantee shall be borne by the Company unless such failure to comply is a result of an Uncontrollable Circumstance, in which case the County shall pay to the Company the costs it incurred in performing the test as a Facility Pass Through Cost. Testing shall be conducted in a manner which minimizes interference with the Company's performance of its obligations under this Service Contract, and the Performance Guarantees shall be adjusted appropriately to reflect any such interference unless such testing shows non-compliance on the part of the Company which is not excused by Uncontrollable Circumstances. SECTION 12.7. COUNTY REMEDIES FOR NON-COMPLIANCE WITH PERFORMANCE GUARANTEES. (A) Remedies. If the Company fails to comply with any Performance Guarantee and is not excused from performance as provided in Section 17.2, the Company shall, without relief under any other Performance Guarantee, and in addition to any other remedy provided herein, allowed by Applicable Law or required by a Governmental Body: (1) promptly notify the County within 24 hours of the Company's having knowledge of any such non-compliance; (2) promptly provide the County within 24 hours with copies of any notices sent to or received from the EPA, the DOH or any other Governmental Body having regulatory jurisdiction with respect to any violations of Applicable Law; (3) pay liquidated damages or have its Service Fee reduced in the amounts provided for herein, or if no liquidated damages are provided for, reimburse the County for its Cost Substantiated third party costs incurred as a 119 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance result of such non-compliance; (4) pay any other resulting damages, fines (discretionary or mandatory in nature), levies, assessments, impositions, penalties or other charges resulting therefrom; (5) take any action (including, without limitation, making all repairs and replacements and operating and management practices changes) necessary in order to comply with such Performance Guarantee, continue or resume performance hereunder and eliminate the cause of, and avoid or prevent the recurrence of non-compliance with such Performance Guarantee; (6) promptly prepare all public notifications required by Applicable Law, and submit such notifications for publication; and (7) assist the County with all public relations matters necessary to adequately address any public concern caused by such non-compliance, including but not limited to, preparation of press releases, attendance at press conferences, and participation in public information sessions and meetings. (B) Performance Testing. The County, at any time, may require a performance test to be conducted by the Company, at the County's cost and expense, to demonstrate that the Facility is operating in compliance with Applicable Law and the Performance Guarantees. The performance tests shall be conducted in the manner provided in Appendix 6. If the test is not successfully passed, the Company shall reimburse the County and, at its own cost and expense, make all necessary repairs and replacements, including major repairs and replacements, and the test shall be re-performed at the Company's sole cost. i The County Engineer will conduct or verify each test and inspection. The Company shall be provided performance relief to the extent such testing interferes with the Company's performance obligations herein; provided, however, that if such testing demonstrates that a Performance Guarantee has not been met, no such relief shall be afforded the Company and the Company shall be responsible for the cost of such testing. SECTION 12.8. RESIDUE REMOVAL, TRANSPORT AND DISPOSAL; PAYMENT. The Company shall store Residue at the Facility in enclosed containers in accordance with the Design Requirements. The Company shall transport or cause to be transported Residue to the Designated Residue Disposal Site designated by the County in a safe and environmentally sound manner and in accordance with Applicable Law, and deposit Residue at the Designated Residue Disposal Site or transfer Residue to the operator of the Designated Residue Disposal Site for deposit therein by such operator. The costs of transporting Residue for disposal at the County Landfill shall be borne by the Company. The initial Designated Residue Disposal Site shall be the County's Pu'uanahulu Landfill. In the event that the Company is required to deliver Residue to a Designated Residue Disposal Site other than the Pu uanahulu Landfill, for reasons other than the Company's failure to comply with its obligations hereunder, the Service Fee shall be adjusted to reflect the increased or 120 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance decreased cost to the Company in connection with the transportation of Residue to such site. Cost of disposal of Residue shall be borne by the County. SECTION 12.9. ACCEPTABLE RESIDUE DISPOSAL SITE AND DESIGNATED DISPOSAL SITE. (A) Acceptable Residue Disposal Site. No Residue shall be disposed of except at an Acceptable Residue Disposal Site. An "Acceptable Residue Disposal Site", as used herein, means either the County Landfill, a sanitary landfill, land application site or other waste disposal or management facility, which, as applicable, (1) is operated in accordance with good engineering practice, (2) is constructed of a single composite liner for monofilled Residue, or a double liner (one liner of which is a composite liner) for disposal of mixed Residue and municipal solid waste, (3) is located in the United States, (4) does not appear on any federal or State list of sites, such as but not limited to the National Priority List or the CERCLIS list under CERCLA, maintained for the purpose of designating landfills which are reasonably expected to require remediation on account of the release or threat of release of Hazardous Material, (5) is not under any executive or judicial order barring receipt of Residue from any region which includes the County, and (6) does not otherwise expose the County or Company to any material risk as a "generator" or "transporter" of waste under CERCLA or any similar law, or to any material risk under product liability, tort, environmental impairment or any similar law. "Acceptable Residue Disposal Site" also includes any means, method or process i for the re-use or recycling of Residue employed consistently with Applicable Law. Any Acceptable Residue Disposal Site shall be selected by the County and shall not require the approval of the Company so long as the site conforms with each of the criteria set forth in this subsection. If the Company objects to the Designated Residue Disposal Site on the ground that the criteria of this subsection are not met, the County shall provide evidence satisfactory to the Company prior to the commencement of any shipment of Residue (and from time to time requested thereafter) to such Acceptable Residue Disposal Site that the intended disposal location conforms with the requirements of this subsection. (B) Required Disposal and County Approval; Designated Residue Disposal Site. No Residue shall be disposed of except at a Designated Residue Disposal Site. A "Designated Residue Disposal Site" shall be an Acceptable Residue Disposal Site that is designated by the County. (C) Changes in Designated Residue Disposal Site. The Company shall have the right from time to time to change a Designated Residue Disposal Site and the Service Fee will be adjusted to account for any additional or reduced costs to the Company as a result of such change. The Company shall make a full information submittal to the County regarding any such proposed change, and fully respond to all due diligence inquiries the County chooses to make in the exercise of its right of approval. 121 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XII - Performance SECTION 12.10. TESTING. The Company shall conduct all sampling and testing of Residue, air emissions and odor in accordance with the Contract Standards. The tests shall be made at State certified laboratories to the extent required by the Contract Standards and shall be conducted at the Company's sole cost and expense, except to the extent such tests are required by a Change in Law or any other Uncontrollable Circumstance and are not required under the terms hereof as of the Contract Date. SECTION 12.11. ACCIDENTS DURING TRANSPORT. The Company shall give notice to the County and all appropriate Governmental Bodies immediately upon the occurrence of any accident involving transport of any Solid Waste for which the Company is responsible hereunder (including Residue), and shall commence remedial action pursuant to its contingency plan in accordance with Applicable Law and the Operating Protocol. In the event of any such accident, the Company shall pay any resulting fines, assessments, penalties or damages resulting therefrom. 122 487571.8 028493 AGMT ARTICLE XIII MAINTENANCE, REPAIR AND REPLACEMENT SECTION 13.1. MAINTENANCE, REPAIR AND REPLACEMENT GENERALLY. (A) Ordinary Maintenance. The Company shall perform all normal and ordinary maintenance of the machinery, equipment structures, improvements and all other property constituting the Facility, shall keep the Facility in good working order, condition and repair, in a neat and orderly condition and in accordance with the Contract Standards, and shall maintain the aesthetic quality of the Facility as originally constructed and in accordance with the Design Requirements. The Company shall provide or make provisions for all labor, materials, supplies, equipment, spare parts, Consumables and services which are necessary for the normal and ordinary maintenance of the Facility and shall conduct predictive, preventive and corrective maintenance of the Facility as required by the Contract Standards. The Company shall keep maintenance logs in accordance with the Maintenance, Repair and Replacement Plan set forth in Appendix 8. (B) Repair and Maintenance of Site Grounds. The Company, in accordance with the Contract Standards, shall keep the grounds of the Site in a neat and orderly condition (including the cleanup of litter and debris on a daily basis or more frequently as required). The Company shall also maintain and repair all Facility fencing and signage. In addition, the Company shall provide lawn mowing, leaf raking, and brush cutting services for the Site. (C) Major Maintenance. Repair and Replacements by the Comp The Company shall perform all major maintenance, repairs and replacement of the machinery, equipment, structures, improvements and all other property constituting the Facility during the Term of this Service Contract required under the Contract Standards, including all maintenance, repair and replacement which may be characterized as "major" or "capital" in nature. The County's approval for any such maintenance, repair or replacement shall not be required unless it constitutes a Capital Modification in which event the County shall have the approval rights set forth in Article XIV. The obligations of the Company under this Article are intended to assure that the Facility is fully, properly and regularly maintained, repaired and replaced in order to preserve its long-term reliability, durability and efficiency, and that in any event the Facility is returned to the County at the end of the Term in a condition which does not require the County to undertake a significant overhaul or immediate replacements in order to continue to provide reasonably priced and efficient solid waste reduction services. The Company shall bear the cost and expense of all maintenance, repairs and replacements required under this Article, including the cost and expense of any maintenance, repair or replacement that may constitute a Capital Modification, unless otherwise provided in Article XIV. 123 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement SECTION 13.2. FACILITIES EVALUATIONS. (A) Initial and Final Inventory of Vehicles, Rolling Stock, Snare Parts and Consumables. The Company shall, within 180 days following the Acceptance Date, prepare an itemized inventory of all vehicles, rolling stock, spare parts and Consumables having operational utility and present at the Facility as of the Acceptance Date. In like manner, prior to the Termination Date, the Company shall prepare an itemized inventory of all vehicles, rolling stock, spare parts and Consumables in stock at the Facility and having operational utility at the Facility which are to be transferred to the County on the Termination Date. The final inventory amount shall be compared to the initial inventory. The value of any inventory shortfall shall be paid by the Company to the County on or before the Termination Date. All rolling stock, spare parts and equipment must be turned over in good working condition. Rolling stock, spare parts and equipment turned over in less than good operating condition will not be included as part of the inventory as of the Termination Date, and will be included in the calculation of the inventory shortfall. Rolling stock, spare parts and Consumables which become obsolete during the course of the Term do not have to be replaced provided that to the extent a functional replacement of such rolling stock, spare parts or Consumables is utilized, such functional replacement rolling stock, spare parts, or Consumables must be provided. (B) Baseline Facility Record. Concurrently with the inventory and valuation conducted pursuant to subsection (A) of this Section, the Company shall photograph and prepare an itemized inventory of all property constituting the Facility, including records of assets originally installed, manufacturer, identification number and original cost data. The Baseline Facility Record shall reflect, based on the Fixed Design/Build Price and the Design Requirements, the condition, functionality, value and useful life of the Facility as originally constructed by the Company hereunder. The purpose of the Baseline Facility Record shall be to establish an informational baseline for determining compliance by the Company with its maintenance, repair and replacement obligations under this Article. (C) Final Evaluation of the Facili ty. Not later than six months prior to the Termination Date resulting from the expiration of this Service Contract or concurrently with the Termination Date resulting from an early termination of this Service Contract, the Company shall conduct a final evaluation of the Facility in accordance with the protocol established in Appendix 16 and shall utilize standard utility property evaluation methods. In connection with the final asset evaluation, the Company shall furnish the County with the Facility Registry prepared pursuant to Appendix 16 and all data base information developed in connection with the implementation of the Company's computerized maintenance management system pursuant to Section 13.4. The evaluation of the Facility Structures shall determine and establish the physical condition of the Facility Structures. The evaluation of the Facility 124 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement Equipment shall determine and establish the weighted average useful life of the Facility Equipment as of the date of evaluation (expressed as a single number of years, carried to one decimal place), taking into account the performance capability and value of each piece of Facility Equipment. The final evaluation shall exclude the value of any Capital Modifications to the extent paid for by the County, directly or indirectly, other than those made on account of Uncontrollable Circumstances. (D) Required Condition of Facility Structures Upon Return to the County. The Facility Structures shall be returned to the County in good condition, working order and repair as when new, with ordinary wear and tear excepted as determined in light of the Company's maintenance, repair and replacement obligations under Section 13.1. With respect to the tipping floor, it shall be restored to within 1" of original grade with no cracking or exposed rebar, and damaged or missing rebar shall be restored. (E) Required Condition of Facility Equipment Upon Return to the County. The Facility Equipment shall be returned to the County in a condition and state of repair such that, in the aggregate, the weighted average useful life of the Facility Equipment at the end of the Term is equal to or greater than five years. In the event the final audit establishes a maintenance, repair and replacement weighted average useful life deficiency, the Company shall, at the election of the County, either remedy the deficiency or make a cash payment to the County sufficient to enable the County to remedy the deficiency. Notwithstanding any other provision hereof, as of the Termination Date each piece of Major Equipment shall have a useful life of not less than three years. For purposes of this Section 13.2, the useful life of equipment shall be determined assuming industry standard maintenance cycles will be performed on the equipment following the Termination Date. The parties acknowledge that the objective of this Section 13.2 is to prevent the Company from deferring maintenance at the end of the Term. In order to further this objective, the parties agree to meet prior to the end of the 17'x' Contract Year to discuss and agree to an outgoing maintenance plan. Prior to such meeting, the Company shall supply the County with all applicable maintenance records. The outgoing maintenance plan shall be designed to ensure that when the Facility is turned over to the County, it will be in good working order and in compliance with the requirements of this Section 13.2(E). (F) Capital Modifications. In the event that Capital Modifications constituting Facility Structures are made during the Term, such assets shall be returned to the County on the Termination Date in good condition, working order and repair, with ordinary wear and tear excepted as determined in light of the Company's maintenance, repair and replacement obligations under Section 13.1. In the event that Capital Modifications 125 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement constituting Facility Equipment are made during the Term and are paid for by the County, such Capital Modifications shall be disregarded in preparing the final evaluation of the Facility pursuant to subsection (C) of this Section. The weighted average useful life of all such assets as an aggregate which are paid for by the County, however, shall be separately determined in the final asset evaluation, and shall be equal to or greater than the weighted average useful life for Facility Equipment as provided in subsection (E) of this Section. Reasonable conventions may be adopted in the weighting analysis to take account of the varying dates of installation. Capital Modifications and other maintenance, repairs and replacements paid for by the Company, including computer and other replacement systems installed based on advances in technology, shall be included in the Facility evaluated in the final asset evaluation conducted pursuant to subsection (C) of this Section, and their remaining useful life included in such final evaluation. (G) Effect of County Election to Renew. In the event the County elects to renew this Service Contract at the end of the Initial Term, the final asset evaluation required by this Section shall not be performed at the end of the Initial Term, but instead shall be performed at the end of the Renewal Term. The standards established by this Section for the condition of the Facility upon their return to the County shall apply notwithstanding any such renewal. (H) Disputes. In the event the County disputes any of the information or conclusions presented by the Company pursuant to this Section, the County shall initially notify the Company of such dispute and the parties shall use good faith efforts to resolve any dispute. If the parties are unable to resolve the dispute within 30 days of the County's notification, the County shall have the right to appoint an Independent Evaluator to review such information or conclusions. The Company shall have the right to approve the County's selection, the exercise of which shall not unreasonably be withheld or delayed. The expense of the Independent Evaluator for all services performed pursuant hereto shall be borne equally by the parties. The final determination by the Independent Evaluator as to any matter arising under this Section which is in dispute between the County and the Company shall be final and binding upon the parties. SECTION 13.3. PERIODIC MAINTENANCE INSPECTIONS. (A) Annual Maintenance Inspection. The County may, upon reasonable written notice, perform an inspection of the Facility and relevant records of the Company each Contract Year to determine compliance with the Contract Standards. The Company shall cooperate fully with the inspections, which shall not interfere unreasonably with the Company's performance of the i Contract Services. 126 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement (B) Full-Scale Inspections. Commencing upon the fourth year anniversary of the Contract Date, there shall be a full-scale inspection and review of the state of repair, working condition and performance capability of the Facility. The inspection and review shall be performed by or on behalf of the County by the County Engineer at the County's expense, and shall take place at such time as the County shall determine upon three months' written notice to the Company. The principal purpose of the inspection and review shall be to permit the County to ascertain on a comprehensive and focused basis the extent to which the Facility is being properly maintained, repaired and replaced in accordance with the Contract Standards. The inspection shall include a concurrent review of all relevant data, records and reports. The Company shall cooperate fully with the inspections, which shall not interfere unreasonably with the Company's performance of the Contract Services. (C) Remediation. Based on the annual operations and maintenance reports submitted by the Company pursuant to Section 11.13 or the annual or periodic inspections and reviews conducted pursuant to this Section or any unscheduled inspection provided for herein, the County may submit a statement to the Company detailing any deficiencies found and requiring the Company to submit a plan of remediation. The remediation plan shall be sufficient to reasonably demonstrate that, if implemented, the Facility will be promptly brought into compliance with the requirements of this Article. If the County accepts the remediation plan, the Company shall thereupon correct all deficiencies noted in accordance therewith. Failing such corrective action within the schedule included in the plan, the Service Fee shall be reduced by the amount of the County's estimated cost of remediation. Any disputes with respect to the cause or amounts specified in the County's statement, not resolved to the mutual satisfaction of the parties, shall be determined by Non-Binding Mediation as provided in Section 16.11. (D) Unscheduled Inspections. Nothing in this Section shall limit the County's right, on an unscheduled basis, at any time to inspect the Facility and relevant records of the Company to determine compliance with this Article. SECTION 13.4. COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM. The Company shall, in accordance with the Design Requirements, install, maintain, upgrade, repair and replace, as appropriate throughout the Term, a computerized maintenance management system capable of providing a record of repair and replacement of the Facility on a detailed, item-by-item basis; scheduling, carrying out, monitoring and controlling predictive, preventive and corrective maintenance programs; monitoring routine operations within the Facility; issuing work orders and purchase orders; maintaining a spare parts inventory; and issuing exception, equipment status and repair priority reports. The computerized 127 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement maintenance management system shall be modified when appropriate during the Term to take account of removals from and additions to the Facility. The Company shall utilize the computerized maintenance management system to provide the County with documentation which allows it to efficiently monitor compliance by the Company with its maintenance obligations hereunder. The County shall have computer-based, read-only access to such system. The Company shall permit all electronic data to be replicated and provided to the County for review by the County. The Company shall provide a monthly disk to the County which includes a download of the previous 3 months' activity and the maintenance requirements to the upcoming 3 months. SECTION 13.5. MAINTENANCE, REPAIR AND REPLACEMENT PLAN. Appendix 8 contains the Company's plan for the maintenance, repair and replacement of the Facility. This plan is intended to establish a minimum standard by which to measure the Company's performance of its ongoing maintenance, repair and replacement obligations hereunder, and to assure that no material deferred or sub-standard maintenance, replace and replacement occurs. The Operation and Maintenance Manual shall incorporate a maintenance, repair and replacement plan that is in substantial compliance with Appendix 8. The Company shall adhere to the plan as incorporated in the Operation and Maintenance Manual, except where it can demonstrate to the County that changes are reasonable under Goad Industry Practice. The timing and extent of maintenance, repair and replacement activities performed by the Company hereunder with respect to the Facility, taken as a whole, shall equal or exceed the standard set for those activities by Appendix 8 as incorporated in the Operation and Maintenance Manual. The Company shall also perform any additional maintenance, repair and replacement work which is necessary in order to comply with the Contract Standards. SECTION 13.6. WARRANTIES. During the Term of this Service Contract, the Company shall be responsible for meeting the County's maintenance obligations under all manufacturer's warranties on new equipment purchased and installed in the Facility by the County or by the Company, and shall be the agent of the County in enforcing existing equipment warranties and guarantees. The Company shall not be required to commence or maintain any litigation with respect to such warranties or guarantees, but may do so in its discretion. The Company shall cooperate with and assist the County if the County seeks to enforce warranties and guarantees through litigation. SECTION 13.7. LOSS, DAMAGE OR DESTRUCTION TO THE FACILITY. (A) Prevention and Repair. The Company shall use care and diligence, and shall take all appropriate precautions, to protect the Facility from loss, damage or destruction. The Company shall report to the County and the insurers, immediately upon obtaining knowledge 128 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIII - Maintenance, Repair and Replacement thereof, any damage or destruction to the Facility and as soon as practicable thereafter shall submit a full report to the County. The Company shall also submit to the County within 24 hours of receipt copies of all accident and other reports filed with, or given to the Company by, any insurance company, adjuster or Governmental Body. The parties shall cooperate so as to promptly commence and proceed with due diligence to complete the repair, replacement and restoration of the Facility to at least the character or condition thereof existing immediately prior to the loss, damage or destruction, in accordance with and subject to the procedures set forth in Article XIV and Article XVII, as applicable. The County shall have the right to monitor, review and inspect the performance of any repair, replacement and restoration work by the Company as if such work constituted Design/ Build Work hereunder. (B) Insurance and Other Third-Party Payments. To the extent that any repair, replacement or restoration costs incurred pursuant to this Section can be recovered from any insurer or from another third-party, each party shall assist each other in exercising such rights as it may have to effect such recovery. Each party shall provide each other with copies of all relevant documentation at no cost to the County, and shall cooperate with and assist the other party upon request by participating in conferences, negotiations and litigation regarding insurance claims. (C) Uninsured Costs. The County shall provide all funds necessary to pay the costs of repairing, replacing and restoring the Facility in accordance with this Section and all insurance proceeds and recoveries from third parties resulting from damage to or the loss or destruction of the Facility shall be for the account of the County; provided, however, that such costs not covered by insurance proceeds or third-party payments shall be borne by the Company to the extent the loss, damage or destruction was not caused by Uncontrollable Circumstances or County Fault. (D) Repair of County and Private Property. The Company shall promptly repair or replace all County and private property damaged by the Company or any officer, director, employee, representative or agent of the Company in connection with the performance of, or the failure to perform, the Contract Services. The repair and replacements shall restore the damaged property, to the maximum extent reasonably practicable, to its character and condition existing immediately prior to the damage. 129 487571.8 028493 AGMT ARTICLE XIV CAPITAL MODIFICATIONS SECTION 14.1. CAPITAL MODIFICATIONS GENERALLY. (A) Purpose. The parties acknowledge that it may be necessary due to an Uncontrollable Circumstance, or desirable from the standpoint of either party, to make Capital Modifications. Capital Modifications may be desirable, for example, to improve the performance or increase the capacity of the Facility, to address or anticipate the obsolescence of portions of the Facility, to reduce the cost to the Company of performing this Service Contract or to reduce the Service Fee payable by the County as provided in subsection (D) of this Section. All Capital Modifications shall become the property of the County upon installation. (B) County Approval. The County shall have the right, in its sole discretion, to approve all Capital Modifications. All Capital Modifications shall be made and implemented in accordance with this Article. The County shall have the express right to condition its approval of Capital Modifications upon the sharing of net cost savings expected to result therefrom as provided in subsection (D) of this Section. Notwithstanding the above, to the extent that following the Acceptance Date, the Company demonstrates that a Capital Modification is necessary in order for it to meet a Contract Standard and the proposed Capital Modification (i) meets the requirements of (1-4) in Section 14.2 and (ii) will be paid for by the Company, the County shall not have the right to withhold approval of such Capital Modification. (C) Party Responsible for Costs. The Company shall bear the cast and expense of all Capital Modifications and related operation, maintenance, repair and replacement costs, unless the Capital Modification is directed by the County (other than as part of an enforcement action taken in response to a breach hereof) or is necessary to address an Uncontrollable Circumstance, in each case as provided in Sections 14.3 and 14.4. (D) Cost Savings. In the event any Capital Modification is reasonably expected to result in a net cost savings to the Company, the parties shall negotiate in good faith the extent to which any such net cost savings shall be shared with the County, and the Service Fee shall be reduced accordingly. SECTION 14.2. CAPITAL MODIFICATIONS AT COMPANY REQUEST. The Company shall give the County written notice of, and reasonable opportunity to review and comment upon, any Capital Modification proposed to be made at the Company's request, whether before or after Acceptance. The notice shall contain sufficient information for the County to determine that the Capital Modification: (1) does not diminish the capacity of the Facility to be operated so as to meet the Contract Standards; (2) does not impair the quality, 130 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIV - Capital Modifications integrity, durability and reliability of the Facility; (3) is reasonably necessary or is advantageous for the Company to fulfill its obligations under the Service Contract; and (4) is feasible. The Company shall not be entitled to any adjustment in the terms of this Service Contract as a result of any such Capital Modification unless approved by the County or made a condition of approval by the County in its sole discretion. SECTION 14.3. CAPITAL MODIFICATIONS DUE TO UNCONTROLLABLE CIRCUMSTANCES. Upon the occurrence of an Uncontrollable Circumstance, the County shall promptly proceed, subject to the terms, conditions and procedures set forth in this Article and Section 17.2, to make or cause to be made all Capital Modifications reasonably necessary to address the Uncontrollable Circumstance. The Company shall consult with the County concerning possible means of addressing and mitigating the effect of any Uncontrollable Circumstance, and the Company and the County shall cooperate in order to minimize any delay, lessen any additional cost and modify the Facility so as to permit the Company to continue providing the Contract Services in light of such Uncontrollable Circumstance. The design and construction costs of any such Capital Modification, and any related operation, maintenance, repair and replacement costs, shall be borne by the County. The County shall pay the Capital Modification costs and any such related costs for which it is responsible in the manner established in accordance with the procedures set forth in Sections 14.5, 14.6 and i 14.7. SECTION 14.4. CAPITAL MODIFICATIONS AT COUNTY DIRECTION. The County shall have the right to make Capital Modifications at any time and for any reason whatsoever, whether and however the exercise of such rights affects this Service Contract so long as the Company's rights are protected as provided in Section 14.8. The design and construction costs of any such Capital Modification made at the County's direction under this Section, unless paid for on a lump sum or other current basis, and any related operation, maintenance, repair and replacement costs, shall be borne by the County, through an adjustment to the Service Fee, pursuant to Sections 14.5, 14.7 and 14.8. The County shall have no obligation to direct the Company to make any Capital Modification. SECTION 14.5. PRIMARY PROCEDURE FOR IMPLEMENTING CAPITAL MODIFICATIONS. (A) Primary Implementation Procedure. Unless the County determines pursuant to Section 14.6 that an alternative implementation procedure be employed, the implementation procedure set forth in this Section shall apply with respect to all Capital Modifications for which the County has payment responsibility, which the Company may implement by means of its own choosing. (B) Preliminary Company Plan and County Review. At the request of the County and the cost and expense of the Company, the Company shall prepare and deliver to 131 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIV - Capital Modifications the County a preliminary plan for the implementation of the Capital Modification. The preliminary plan shall include recommendations as to technology, design, construction, equipment, materials, and operating and performance impacts. Preliminary schedule and capital and operating cost estimates shall be included, together with an assessment of possible alternatives. The preliminary plan shall specifically evaluate reasonable alternatives to the mix of Capital Modifications and changed operating and management practices which the Company is recommending. The County shall review the Company's preliminary plan and recommendations, and undertake discussions with the Company in order to reach agreement on a basic approach to the Capital Modification. In the event the County determines to not move forward with the Company's plan, the County will reimburse the Company for the Cost Substantiated third party costs up to a pre-agreed upon maximum dollar amount. (C) Company Implementation Proposal. Following agreement on a basic approach to the Capital Modification, at the request of the County the Company shall submit a formal implementation proposal to the County for its consideration. The implementation proposal shall contain: (1) a Company services element; and (2) a third-party construction services element, to be implemented through third-party contracting. The Company services element shall contain: (i) the Company's offer to perform design, construction management and acceptance testing services with respect to the Capital Modification for a fixed price, and shall include a guarantee of the performance of the Capital Modification through an acceptance test and a guaranteed maximum construction price if so requested by the County and agreed to by the Company; and (ii) the Company's offer to operate, maintain, repair, replace and manage the Capital Modification following construction and acceptance for a fixed fee to be added to the Service Fee, and shall include long-term performance guarantees with respect to the Capital Modification. The third-party construction services element shall be a proposal by the Company to conduct, as allowed by Applicable Law, a bidding or competitive proposal process for the construction work as the design/build work involved in completing the Capital Modification. The bidding process shall include an advertisement for bids and a construction contract award to the lowest responsible bidder, and shall be conducted in accordance with the requirements of Applicable Law which govern construction projects undertaken by the County. The resulting construction or design/build contract shall be held by and executed in the name of the County or the Company, as determined by the County in compliance with Applicable Law. A competitive proposal process shall include a request for proposals and a construction or design/build contract award to the most advantageous proposer. The County shall be a party to all such construction contracts or design/build contracts unless the County determines otherwise as permitted by Applicable Law. In the event the County determines to not move forward with the Company's plan, the County will reimburse the Company for the Cost Substantiated third parry costs up to a pre-agreed upon maximum dollar amount. 132 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIV - Capital Modifications (D) Negotiation and Finalization of Company Implementation Proposal. The parties shall proceed, promptly following the County's review of the Company's submittal and quotation, to negotiate to reach an agreement on price and any adjustment to the terms and conditions of this Service Contract required under Section 14.8. Any final negotiated agreement for the implementation of a Capital Modification under this Section shall address, as applicable: (1) Design Requirements; (2) construction management services; (3) Acceptance Tests and procedures; (4) a guarantee of completion and Acceptance; (5) Performance Guarantees; (6) any changes to the Performance Guarantees or other Contract Standards to take effect as a consequence of the Capital Modification; (7) a payment schedule for the design and construction management-related services; (8) provisions for County Engineer review; (9) any adjustments to the Service Fee resulting from the Capital Modification, including any related operation, maintenance, repair and replacement costs; (10) a financing plan; and (11) any other appropriate amendments to this Service Contract. The Company shall not be obligated to undertake any Capital Modification under Section 14.3 or 14.4 except following agreement as to such negotiated adjustments, unless otherwise required on an emergency basis. The County shall have no obligation to reimburse the Company for any costs incurred pursuant to this Section except as part of a negotiated amendment to this Service Contract or, in the event of an emergency, on a Cost-Substantiated basis. (E) Implementation Procedures. With respect to each Capital Modification to be made by the Company, the County shall have the same substantive and procedural rights that it has with respect to the design, construction and acceptance of the Facility, as set forth in Articles III, VII and VIII and in Appendices 2, 3, 4, 5, 6, 7 and 16. SECTION 14.6. ALTERNATIVE PROCEDURES FOR IMPLEMENTING CAPITAL MODIFICATIONS. The County shall be under no obligation to utilize the primary implementation procedure for Capital Modifications set forth in Section 14.5, and may instead, in its sole discretion, utilize any other implementation procedure available to it or required under the Applicable Law. Alternative implementation procedures may include, without limitation and to the extent permissible under Applicable Law: (1) contracting with the Company on a sole source basis to implement the Capital Modification on a design/build basis; (2) contracting with the Company to manage a competition for design/build services to implement the Capital Modification; and (3) contracting with third parties for the implementation of the Capital Modification on a traditional design/bid/build basis, with the County rather than the Company responsible for the design and construction of the Capital Modification, or with the Company acting as the County's agent in the design/bid/build process. While it is the intention of the County to have the Company operate, maintain, repair, replace and manage Capital Modifications on an integrated basis with the Facility, the County 133 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIV - Capital Modifications is not obligated to do so and may contract for such services with a third-party. The County may determine to proceed with an alternative implementation procedure for Capital Modification at any time, whether before or after entering into negotiations with the Company under the primary implementation procedure specified under Section 14.5. No alternative implementation procedure for Capital Modifications shall impair the Company's rights under Section 14.8. SECTION 14.7. FINANCING CAPITAL MODIFICATIONS. Unless otherwise agreed to by the parties, the County shall provide financing for any Capital Modification for which the County is financially responsible under this Article, and shall make the proceeds of the financing available to the Company to pay the negotiated price on the milestone schedule and subject to any retainage negotiated by the parties pursuant to this Section. The County in its sole discretion may voluntarily, if requested by the Company, provide financing for the Capital Modifications for which the Company is financially responsible hereunder, on terms and conditions established by the County in its sole discretion. SECTION 14.8. COMPANY NON-IMPAIRMENT RIGHTS. No Capital Modification, other than a Company-requested Capital Modification, shall be made that by itself, or in combination with other Capital Modifications, materially impairs any right, materially impairs the ability to perform, imposes any material additional obligation or liability, or materially increases the costs of the Company hereunder, including operating, maintenance, repair and replacement costs related to such Capital Modification. The Company shall have no right to object to any such Capital Modification, provided that, the County affords the Company any price, schedule, performance and other relief necessary to avoid any such material effect. 134 487571.8 028493 AGMT ARTICLE XV SERVICE FEE AND OTHER PAYMENTS SECTION 15.1. SERVICE FEE GENERALLY. From and after the Acceptance Date, the County shall pay the Service Fee to the Company as compensation for the Company's performing the operation services under this Service Contract. The Service Fee shall be calculated according to this Article. Examples of the calculation of the Service Fee and the application of the CPI Adjustment Factor are included in Appendix 12. SECTION 15.2. SERVICE FEE FORMULA. The Service Fee shall be calculated in accordance with the following formula: SF = BOF + EOF + PTC + ERC El Where SF = Annual Service Fee BOF = Base Operation Fee EOF = Excess Operation Fee PTC = Pass Through Costs ERC = Energy Revenue Credit El = Extraordinary Items Each component of the Service Fee shall be determined in accordance with this Article. SECTION 15.3. BASE OPERATION FEE. The Base Operation Fee represents the Company's compensation for providing the Operation Services including the combustion of [73,000] Tons of Processible Waste. The annual Base Operation Fee shall be ] [PRICE PROPOSAL FORM 17 OF BAFO]. The Base Operation Fee for the initial Contract year shall be adjusted at the beginning of the initial Contract Year by multiplying (1) the Base Operation Fee times (2) the CPI Adjustment Factor. The Base Operation Fee for each subsequent Contract Year throughout the Term shall be determined by multiplying (1) the Base Operation Fee for the previous Contract Year, times (2) the CPI Adjustment Factor. The Base Operation Fee for any particular month shall be an amount equal to one-twelfth of the then applicable annual Base Operation Fee. SECTION 15.4. EXCESS OPERATION FEE. The Excess Operation Fee represents the Company's compensation for combusting Processible Waste in excess of 73,000] Tons in any Contract Year. The Excess Operation Fee shall be [PRICE PROPOSAL FORM 17 OF BAFO] per Ton of Processible Waste combusted above [73,000] Tons in any Contract Year. The Excess Operation Fee for the initial Contract year shall be adjusted at the beginning of the initial Contract Year by multiplying (1) the Excess Operation Fee times (2) the 135 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments CPI Adjustment Factor. The Excess Operation Fee for each subsequent Contract Year throughout the Term shall be determined by multiplying (1) the Excess Operation Fee for the previous Contract Year times (2) the CPI Adjustment Factor. The Excess Operation Fee shall be calculated and paid at the end of each Contract Year. SECTION 15.5. PASS THROUGH COSTS. The Pass Through Costs for any Contract Year shall be an amount equal to the actual and direct expenses (without markup for profit, administration or otherwise) paid by the Company to unrelated third parties, equal to the sum of the following items, to the extent paid or incurred by the Company in such Contract Year and to the extent the Company provides Cost Substantiation therefor: (1) Insurance. Any premium paid by the Company for the Required Operation Period Insurance during such Billing Period. Notwithstanding the foregoing, Pass Through Costs shall not include increases in premiums to the extent caused by extraordinary claims (i.e., Company or Guarantor specific) under policies issued to the Company, Guarantor or any of their Affiliates other than claims originating from Uncontrollable Circumstances or County Fault. The amount of any such increases shall be for the account of the Company. (2) Water Use. The cost of potable water required for use in the Facility, up to a maximum of gallons per Contract Year. (3) Certain Chemical Use. The cost of [lime reagent, carbon and urea] usage by the Facility, up to a maximum of per Contract Year. (4) Electricity Demand. The cost of electrical demand charges up to kW per Contract Year not caused by Company Fault. (5) Purchased Electricity. The cost of purchased electricity in amounts up to kWh per Contract Year. (6) Propane Gas Usage. The cost of propane gas usage for any Facility purpose other than Start-up or Shut-down in amounts up to cf per Contract Year. (7) Certain Taxes. Any sales, use, real and personal property, ad valorem, excise, leasing or leasing use Tax, or any Tax to the extent measured by gross receipts, gross income, gross operating income or gross earnings, paid by or on behalf of the Company imposed by the United States, State, County or any other taxing authority or jurisdiction of the United States or the State against the Company or the Facility or upon or with respect to the design, construction or operation thereof by the Company, any Tax paid by or on behalf of the Company which is imposed by the United States, the County or any other taxing authority or jurisdiction of the United States or the State solely on the Company with respect to the Facility, waste disposal, power generation or any Tax in respect of emissions from the Facility. Pass 136 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments Through Costs shall not include any Taxes based on or measured by net income, any unincorporated business, payroll, franchise (except to the extent measured by gross receipts, gross income, gross operating income or gross earnings) or employment taxes, any taxes imposed by a foreign government or any of their taxing agencies, or any sales Taxes paid by or on behalf of the Company because of the failure of the Company or any Subcontractor to comply with procedures required for the use of any available sales tax exemption. (8) Hazardous Material. Any costs and expenses payable by the County to the Company, to the extent provided in Section 10.8 hereof, on account of the delivery by the County or the permitted haulers of Hazardous Material to the Facility. (9) Excess Processible Waste Transportation and Disposal Costs. The cost of transporting and disposing of the Excess Processible Waste that could not be combusted at the Facility. (10) Non-Processible Waste Transportation and Disposal Costs. The cost of transporting and disposing of the Non-Processible Waste that can not be combusted at the Facility. (11) Other Costs. Any amounts payable by the County to the Company to the extent that the County is legally precluded from paying such amounts directly to the Company under Section 17.3 due to a Change in Law. It is specifically understood and agreed that the cost of the following, to the extent not resulting from Uncontrollable Circumstances or a County Fault, will be borne by the Company and shall not constitute Pass Through Costs: (i) the cost of electricity purchased during turbine outages above the Maximum Electricity Utilization Guarantee; (ii) the cost of gas required for Start-up Operations or Shut-down Operations, except when due to an Uncontrollable Circumstance or County Fault; and (iii) all other operation, maintenance, repair and replacement costs and expenses incurred with respect to the Facility not expressly payable by the County as Pass Through Costs or otherwise hereunder. SECTION 15.6. ENERGY REVENUE CREDIT. The Energy Revenue Credit for any Billing Period shall consist of an amount equal to [(1) the product of (i) 0. 10, (ii) $0.15 and (iii) the number of kWh of electricity received by the Energy Purchaser during such Billing Period up to and including that amount that would have been generated by the Company had it met its Annual Electricity Production Guarantee for that Billing Period, plus (2) the product of (i) 0.50, (ii) $0.15 and (iii) the number of kWh of electricity received by the Energy Purchaser during such Billing Period in excess of the amount that would have been generated by the Company had it met its Annual Electricity Production Guarantee for that Billing Period, if any, 137 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments less (3) any amount which would have been received from the Power Purchaser under the Power Purchase Agreement but was not received due to additional demand charges, excess electricity consumption above the Guaranteed Maximum Electricity Consumption, or other deductions, rebates, offsets or charges resulting in lost revenues under the Power Purchase Agreement due to a Company Fault. In the event the County incurs any costs or charges from the Power Purchaser due to a Company Fault (including, without limitation, electricity demand charges), the amount of such cost or charges shall be deducted first from the Energy Revenue Credit then from the Base Operation Fee. The Energy Revenue Credit "bonus" discussed in item (2) above shall only apply to Billing Periods in which the Company combusted at least 100 percent of the lesser of (i) the Billing Period Throughput Guarantee and (ii) the Available Billing Period Processible Waste in such Billing Period. The Company's Energy Revenue Credit shall in no event be calculated based upon an energy price in excess of $0.15 per kWh. SECTION 15.7. EXTRAORDINARY ITEMS CHARGE OR CREDIT. The Extraordinary Items component of the Service Fee, which may be a charge or a credit, shall be equal to the sum of (1) the amounts payable by the County for increased operation, maintenance or other costs incurred on account of the occurrence of Uncontrollable Circumstances which are chargeable to the County hereunder, net of any operation, maintenance or other cost savings achieved by the Company in mitigating the effects of the occurrence of such an Uncontrollable Circumstance, plus (2) the adjustments to the Service Fee resulting from any Capital Modifications or the benefits of which accrue to the County, under the provisions of the Service Contract, minus (3) any Service Fee reductions or liquidated damages due to Company non-performance specifically provided for in the Service Contract, plus or minus (4) any other increase or reduction in the Service Fee provided for under any other Article of the Service Contract, and (5) minus utility costs paid by the County for utilities usage beyond the amounts guaranteed by the Company. SECTION 15.8. CPI ADJUSTMENT FACTOR. The "CPI Adjustment Factor" for purposes of this Service Contract, when used with respect to any particular Contract Year, shall be determined as follows: 138 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments AF. = CPI.- = CPI.-2 where, AF. = The CPI Adjustment Factor in any Contract Year. CPI = The final non-seasonably adjusted Consumer Price Index, All Urban Consumers, as reported by the U.S. Department of Labor, Bureau of Labor Statistics, for all items, Hawaii Region. CPI.-i = The average of the 12-monthly CPI values occurring in the Contract Year preceding the Contract Year with respect to which a calculation is to be made thereunder. CPIn_2 = The average of the 12-monthly CPI values occurring in the Contract Year two years preceding the Contract Year with respect to which a calculation is to be made thereunder. SECTION 15.9. COMPANY NON-PERFORMANCE - THROUGHPUT. (A) Company Non-Compliance. The Company shall determine Billing Period Throughput Deficiencies and Billing Period Throughput Surpluses with respect to each Billing Period in accordance with Section 10.2 hereof, which shall be the basis of calculating Billing Period Throughput Performance Debits and Billing Period Throughput Performance Credits for each Billing Period as provided in subsections 15.9(B) and 15.9(C) hereof. The Billing Period Throughput Performance Credits and Billing Period Throughput Performance Debits so determined shall then be used in accordance with this Section to determine, on a Billing Period basis, whether Facility Throughput Performance Liquidated Damages are payable by the Company to the County or whether reimbursements to the Company by the County of previously paid Facility Throughput Performance Liquidated Damages are payable, based on the Company's cumulative throughput performance hereunder, subject to the lapsing provisions of subsection 15.9p) hereof. (B) Billing Period Throughput Performance Debits. If in any Billing Period there is a Billing Period Throughput Deficiency, then the Billing Period Throughput Performance Debit for such Billing Period (stated in dollars) shall be equal to the sum of. (1) an amount calculated by multiplying (a) 1.0, times (b) the amount of the Billing Period Throughput Deficiency, times (c) the Billing Period Electricity Price, times (d) the Annual Electricity Production Guarantee; plus (2) all costs and expenses (if any) incurred by the County in connection with the transfer, transportation and disposal of Processible Waste constituting the Billing Period Throughput Deficiency to or at an Alternative Waste Disposal Site; provided, however, that any such Processible Waste which is disposed of at Alternative Waste Disposal Site shall be deemed to have been disposed of at a cost calculated by multiplying such Processible Waste Tonnage times the Alternative Waste Disposal Site disposal fee (which shall be 200 percent of the tipping fee if such disposal site is the County Landfill); minus (3) an 139 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments imputed amount equal to the costs of disposing of the Residue which would have been produced from such Processible Waste which would have been payable by the County had such Processible Waste been processed at the Facility during such Billing Period, calculated by multiplying the Tonnage amount of such Residue times the tipping fee. (C) Billing Period Throughput Performance Credits. If in any Billing Period there is a Billing Period Throughput Performance Surplus, then the Billing Period Throughput Performance Credit for such Billing Period (stated in dollars) shall be equal to the sum of: (1) an amount calculated by multiplying (a) 1.0, times (b) the amount of the Billing Period Throughput Surplus, times (c) the Billing Period Electricity Price, times (d) the Annual Electricity Production Guarantee; plus (2) an amount equal to the sum of all costs and expenses avoided by the County as a result of the processing by the Company of the Processible Waste constituting the Billing Period Throughput Surplus rather than disposing of such Billing Period Throughput Surplus at the alternative waste disposal site, calculated by multiplying the Tonnage amount of such Processible Waste times the Alternative Waste Disposal Site disposal fee; minus (3) an amount equal to the costs of disposing of the Residue from such Processible Waste deemed to have been paid by the County as a result of such processing of Processible Waste at the Facility during such Billing Period and the disposal of such Residue at the Alternative Waste Disposal Site, calculated by multiplying the Tonnage amount of such Residue times the Alternative Waste Disposal Site disposal fee. (D) Establishment of Record-Keeping Accounts. For recordkeeping purposes in connection with determinations hereunder as to Facility Throughput Performance Liquidated Damages, the Company shall maintain two non-cash accounts designated the "Throughput Performance Damages Account" and the "Throughput Performance Credit Account." A Throughput Performance Damages Account and a Throughput Performance Credit Account shall be established separately for the Term of this Service Contract, and each shall have a beginning balance of zero. The account balances shall be kept on a net basis, and there shall be a zero balance at all times in at least one account. Balances shall be kept in dollar units. (E) Throughput Performance Damages Account. The Throughput Performance Damages Account shall be used to record the cumulative balance of all Facility Throughput Performance Liquidated Damages which have been paid by the Company in the Aggregate Billing Period preceding the Billing Period for which a determination is to be made under this Section and which have not been reimbursed to the Company by the County during such Aggregate Billing Period. (F) Throughput Performance Credit Account. The Throughput Performance Credit Account shall be used to record the cumulative balance of the Billing Period Throughput 140 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments Performance Credits which have been earned by the Company in the Aggregate Billing Period preceding the Billing Period for which a determination is to be made under this Section and which have not been applied to offset the Facility Throughput Performance Liquidated Damages paid by the Company during such Aggregate Billing Period. (G) Billing Period Debits and Facility Throughput Performance Liquidated Damages. If in any Billing Period there is a Billing Period Throughput Performance Debit: (1) and if there is a zero balance in the Billing Period Throughput Performance Credit Account, then the Company shall pay the County Facility Throughput Performance Liquidated Damages in an amount equal to the Billing Period Throughput Performance Debit, and such amount shall be added to any balance in the Throughput Performance Damages Account. The Throughput Performance Credit Account shall retain a zero balance; (2) and if there is a positive balance in the Throughput Performance Credit Account: (a) and if the Throughput Performance Credit Account balance exceeds the Billing Period Throughput Performance Debit, then the Company shall not be required to make any payments with respect thereto. The balance in the Throughput Performance Credit Account shall be reduced by the amount of the Billing Period Throughput Performance Debit, and the Throughput Performance Damages Account shall retain a zero balance; (b) and if the Billing Period Throughput Performance Debit exceeds the Throughput Performance Credit Account balance, the Company shall pay the County Facility Throughput Performance Liquidated Damages in an amount equal to the Billing Period Throughput Performance Debit less such Throughput Performance Credit Account balance, and the Throughput Performance Credit Account shall be reduced to a zero balance. The amount of such Facility Throughput Performance Liquidated Damages payment shall be added to the balance in the Throughput Performance Damages Account; (c) and if the Billing Period Throughput Performance Debit is equal to the Throughput Performance Credit Account balance, then the Company shall not be required to make any Facility Throughput Performance Liquidated Damages payment with respect thereto, the Throughput Performance Credit Account balance shall be reduced to zero, and the Throughput Performance Damages Account shall retain a zero balance. 141 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments (H) Billing Period Throughput Performance Credits. If in any Billing Period there is a Billing Period Throughput Performance Credit: (1) and if there is a zero balance in the Throughput Performance Damages Account then the balance in the Throughput Performance Credit Account shall be increased by the amount of the Billing Period Throughput Performance Credit, and the Throughput Performance Damages Account shall retain a zero balance; (2) and if there is a positive balance in the Throughput Performance Damages Account: (a) and if the Throughput Performance Damages Account balance exceeds the Billing Period Throughput Performance Credit, then the County with respect to such Billing Period shall reimburse the Company an amount equal to such Billing Period Throughput Performance Credit, the Throughput Performance Damages Account balance shall be reduced by the amount of the Billing Period Throughput Performance Credit, and the Throughput Performance Credit Account shall retain a zero balance; (b) and if the Billing Period Throughput Performance Credit exceeds the Throughput Performance Damages Account balance, then the County with respect to such Billing Period shall reimburse the Company an amount equal to the balance in the Throughput Performance Damages Account, there shall be credited to the Throughput Performance Credit Account an amount equal to the difference between the Billing Period Throughput Performance Credit and such Throughput Performance Damages Account balance; and the Throughput Performance Damages Account balance shall be reduced to zero; (c) and if the Billing Period Throughput Performance Credit is equal to the Throughput Performance Damages Account balance, then the County with respect to such Billing Period shall reimburse the Company an amount equal to the balance in the Throughput Performance Damages Account, the Throughput Performance Damages Account balance shall be reduced to zero, and the Throughput Performance Credit Account shall retain a zero balance. (I) Annual Facility Throughput Liquidated Damages. During the first Contract Year Interim Facility Throughput Performance Liquidated Damages will be based upon an Annual Facility Throughput Guarantee corresponding to the combustion of Processible Waste with a Higher Heating Value of [4,800] BTU/pound as set forth in Appendix 2. Immediately following each Contract Year, the Company shall compute the 142 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments Annual Facility Throughput Guarantee applicable to such Contract Year pursuant to Appendix 2. In the event that the Annual Facility Throughput exceeds the Annual Facility Throughput Guarantee (based upon the actual heating value of the waste calculated pursuant to Appendix 2) (1) no Annual Facility Throughput Liquidated Damages shall be payable to the Company with respect to such Contract Year, and (2) any Interim Facility Throughput Performance Liquidated Damages which have been paid by the Company with respect to such Contract Year shall be reimbursed to the Company. In the event that the Annual Facility Throughput is less than the Annual Facility Throughput Guarantee the Company shall pay Annual Facility Throughput Liquidated Damages to the County. The amount of such Annual Facility Throughput Liquidated Damages shall be calculated by multiplying (1) 1.0, times (2) the Annual Electricity Production (not to exceed the Annual Electricity Production Guarantee), times (3) the Annual Electricity Price, times (4) the difference (expressed on the basis of Tons) between the Annual Facility Throughput Guarantee and the Annual Facility Throughput for such Contract Year and then adding all costs and expenses (if any) incurred by the County in connection with the transfer, transportation and disposal of Processible Waste constituting the annual Facility throughput deficiency to or at an Alternative Waste Disposal Site (provided, however, that any such Processible Waste which is disposed of at Alternative Waste Disposal Site shall be deemed to have been disposed of at a cost calculated by multiplying such Processible Waste Tonnage times the Alternative Waste Disposal Site disposal fee, (which shall be 200 percent of the tipping fee if such disposal site is the County Landfill), minus an imputed amount equal to the costs of disposing of the Residue which would have been produced from such Processible Waste which would have been payable by the County had such Processible Waste been processed at the Facility during such Contract Year, calculated by multiplying the Tonnage amount of such Residue times the tipping fee. If Annual Facility Throughput Liquidated Damages are payable with respect to any Contract Year, and the Company has paid Interim Facility Throughput Performance Liquidated Damages with respect to such Contract Year, the amount of such Interim Facility Throughput Performance Liquidated Damages so paid shall be applied as a credit against the Annual Facility Throughput Liquidated Damages so payable. The County shall reimburse the Company the amount by which any such credit exceeds the Annual Facility Throughput Liquidated Damages, and the Company shall pay the County the amount by which the Annual Facility Throughput Liquidated Damages exceeds any such credit. If Annual Facility Throughput Liquidated Damages are payable with respect to any Contract Year and the Company has not paid any Interim Facility Throughput Performance Liquidated Damages to the County with respect to such Contract Year, the Company shall pay the County the full amount of such Annual Facility Throughput Liquidated Damages. The Company shall deliver to the County a 143 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments report and accounting of all of the technical and financial calculations required under this Section with the Annual Settlement Statement, and any amounts due one party from the other shall be paid in conjunction therewith. The Annual Electricity Production Guarantee determined for such Contract Year in accordance with Appendix 2 shall serve as the Annual Electricity Production Guarantee for the following Contract Year for the purpose of calculating Billing Period Electricity Production Debits and Credits. (J) Annual Lapse of Unused Billing Period Throughput Performance Credits. Any Billing Period Throughput Performance Credits which are not applied against Billing Period Throughput Performance Debits in the Contract Year in which such Billing Period Throughput Performance Credits accrue shall lapse at the end of such Contract Year. SECTION 15.10. COMPANY NON-PERFORMANCE ELECTRICITY PRODUCTION. (A) Billing Period Determination of Performance. If, in any Billing Period, the Billing Period Electricity Production is less than the Annual Electricity Production Guarantee (which, for the purposes of calculating interim non-performance damages shall be applied on a Billing Period basis), there shall be a "Billing Period Electricity Production Deficiency" equal to the amount of such deficiency, expressed on a kWh per ton basis. If, in any Billing Period, the Billing Period Electricity Production is greater than the Annual Electricity Production Guarantee (applied on the same basis), there shall be a "Billing Period Electricity Production Surplus" equal to the amount of such surplus, expressed on a kWh per ton basis. Such amounts shall be used as the basis for calculating Billing Period Electricity Production Debits and Billing Period Electricity Production Credits as provided in subsections 15.10(B) and 15.10(C) hereof. The Billing Period Electricity Production Credits and Billing Period Electricity Production Debits so determined shall then be used in accordance with this Section to determine, on a Billing Period basis, whether Interim Electricity Production Performance Liquidated Damages are payable by the Company to the County or whether reimbursements to the Company by the County of previously paid Interim Electricity Production Performance Liquidated Damages are payable, based on the Company's cumulative throughput performance within each Contract Year. (B) Billing Period Electricity Production Debits. If in any Billing Period there is a Billing Period Electricity Production Deficiency, then the Billing Period Electricity Production Debit for such Billing Period (stated in dollars) shall be an amount calculated by multiplying (a) 1.0, times (b) the amount of the Billing Period Electricity Production Deficiency, times (c) the Billing Period Electricity Price, times (d) the Billing Period Throughput, up to a maximum of the Billing Period Throughput Guarantee. 144 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments (C) Billing Period Electricity Production Credits. If in any Billing Period there is a Billing Period Electricity Production Surplus, then the Billing Period Electricity Production Credit for such Billing Period (stated in dollars) shall be equal to the sum of. (1) an amount calculated by multiplying (a) 1.0, times (b) the amount of the Billing Period Electricity Production Surplus, times (c) the Billing Period Electricity Price, times (d) the Billing Period Throughput. (D) Establishment of Record-Keening Accounts. For recordkeeping purposes in connection with determinations hereunder as to Interim Electricity Production Performance Liquidated Damages, the Company shall maintain two non-cash accounts designated the "Electricity Production Damages Account" and "Electricity Production Credit Account". An Electricity Production Damages Account and an Electricity Production Credit Account shall be established separately for each Contract Year, and each shall have a beginning balance of zero. The account balances shall be kept on a net basis, and there shall be a zero balance at all times in at least one account. Balances shall be kept in dollar units. (E) Electricity Production Damages Account. The Electricity Production Damages Account shall be used to record the cumulative balance of all Interim Electricity Production Performance Liquidated Damages which have been paid by the Company in the Aggregate Billing Period preceding the Billing Period for which a determination is to be made under this Section and which have not been reimbursed to the Company by the County during such Aggregate Billing Period. (F) Electricity Production Credit Account. The Electricity Production Credit Account shall be used to record the cumulative balance of interim Electricity Production Credits which have been earned by the Company in the Aggregate Billing Period preceding the Billing Period for which a determination is to be made under this Section and which have not been applied to offset the Interim Electricity Production Performance Liquidated Damages paid by the Company during such Aggregate Billing Period. (G) Billing Period Debits and Annual Electricity Production Liquidated Damages. If in any Billing Period there is a Billing Period Electricity Production Debit, (1) and if there is a zero balance in the Electricity Production Credit Account, then the Company shall pay the County Interim Electricity Production Performance Liquidated Damages in an amount equal to the Billing Period Electricity Production Debit and such amount shall be added to any balance in the Electricity Production Damages Account. The Electricity Production Credit Account shall retain a zero balance; 145 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments (2) and if there is a positive balance in the Electricity Production Credit Account: (a) and if the Electricity Production Credit Account balance exceeds the Billing Period Electricity Production Debit, then the Company shall not be required to make any payments with respect thereto. The balance in the Electricity Production Credit Account shall be reduced by the amount of the Billing Period Electricity Production Debit, and the Electricity Production Damages Account shall retain a zero balance; (b) and if the Billing Period Electricity Production Debit exceeds the Electricity Production Credit Account balance, the Company shall pay the County Interim Electricity Production Performance Liquidated Damages in an amount equal to the Billing Period Electricity Production Debit less such Electricity Production Credit Account balance, and the Electricity Production Credit Account shall be reduced to a zero balance. The amount of such Interim Electricity Production Performance Liquidated Damages payment shall be added to the balance in the Electricity Production Damages Account; (c) and if the Billing Period Electricity Production Debit is equal to the Electricity Production Credit Account balance, then the Company shall not be required to make any Interim Electricity Production Performance Liquidated Damages payment with respect thereto, the Electricity Production Credit Account balance shall be reduced to zero, and the Electricity Production Damages Account shall retain a zero balance. (H) Billing Period Electricity Production Credits. If in any Billing Period there is a Billing Period Electricity Production Credit, (1) and if there is a zero balance in the Electricity Production Damages Account, then the balance in the Electricity Production Credit Account shall be increased by the amount of the Billing Period Electricity Production Credit, and the Electricity Production Damages Account shall retain a zero balance; (2) and if there is a positive balance in the Electricity Production Damages Account: (a) and if the Electricity Production Damages Account balance exceeds the Billing Period Electricity Production Credit, then the County with respect to such Billing Period shall reimburse the Company an amount equal to such Billing Period Electricity Production Credit, the Electricity Production Damages Account 146 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments Balance shall be reduced by the amount of the Billing Period Electricity Production Credit, and the Electricity Production Credit Account shall retain a zero balance; (b) and if the Billing Period Electricity Production Credit exceeds the Electricity Production Damages Account balance, then the County with respect to such Billing Period shall reimburse the Company an amount equal to the balance in the Electricity Production Damages Account, there shall be credited to the Electricity Production Credit Account an amount equal to the difference between the Billing Period Electricity Production Credit and such Electricity Production Damages Account balance, and the Electricity Production Damages Account balance shall be reduced to zero; (c) and if the Billing Period Electricity Production Credit is equal to the Electricity Production Damages Account balance, then the County with respect to such Billing Period shall reimburse the Company an amount equal to the balance in the Electricity Production Damages Account, the Electricity Production Damages Account balance shall be reduced to zero, and the Electricity Production Credit Account shall retain a zero balance. (I) Annual Electricity Production Liquidated Damages. During the first Contract Year, Interim Electricity Production Performance Liquidated Damages will be based upon an Annual Electricity Production Guarantee corresponding to the combustion of Processible Waste with a Higher Heating Value of [4,800] Btu/pound as set forth in Appendix 2. Immediately following each Contract Year, the Company shall compute the Annual Electricity Production Guarantee applicable to such Contract Year pursuant to Appendix 2. In the event that the Annual Electricity Production exceeds the Annual Electricity Production Guarantee (based upon the actual heating value of the waste calculated pursuant to Appendix 2) (1) no Annual Electricity Production Liquidated Damages shall be payable by the Company with respect to such Contract Year, and (2) any Interim Electricity Production Performance Liquidated Damages which have been paid by the Company with respect to such Contract Year shall be reimbursed to the Company. In the event that the Annual Electricity Production is less than the Annual Electricity Production Guarantee the Company shall pay Annual Electricity Production Liquidated Damages to the County. The amount of such Annual Electricity Production Liquidated Damages shall be calculated by multiplying (1) 1.0, times (2) the Annual Facility Throughput (not to exceed the Annual Facility Throughput Guarantee), times (3) the Annual Electricity Price, times (4) the difference (expressed on the basis of kWh per Ton) between the Annual Electricity Production Guarantee and the Annual Electricity Production for such Contract Year. If Annual Electricity Production Liquidated Damages are payable with respect to any Contract Year, and the Company has paid Interim Electricity 147 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments Production Performance Liquidated Damages with respect to such Contract Year, the amount of such Interim Electricity Production Performance Liquidated Damages so paid shall be applied as a credit against the Annual Electricity Production Liquidated Damages so payable. The County shall reimburse the Company the amount by which any such credit exceeds the Annual Electricity Production Liquidated Damages, and the Company shall pay the County the amount by which the Annual Electricity Production Liquidated Damages exceeds any such credit. If Annual Electricity Production Liquidated Damages are payable with respect to any Contract Year and the Company has not paid any Interim Electricity Production Performance Liquidated Damages to the County with respect to such Contract Year, the Company shall pay the County the full amount of such Annual Electricity Production Liquidated Damages. The Company shall deliver to the County a report and accounting of all of the technical and financial calculations required under this Section with the Annual Settlement Statement, and any amounts due one party from the other shall be paid in conjunction therewith. The Annual Electricity Production Guarantee determined for such Contract Year in accordance with Appendix 2 shall serve as the Annual Electricity Production Guarantee for the following Contract Year for the purpose of calculating Billing Period Electricity Production Debits and Credits. SECTION 15.11. DAMAGE ADJUSTMENTS TO ACCOUNT FOR WASTE BTU CONTENT OUTSIDE DESIGN RANGE AND WASTE SHORTFALLS. (A) Waste Btu Content Outside Design Ranee. The parties acknowledge that the Throughput Performance Liquidated Damages and the Annual Electricity Production Liquidated Damages have been established based on the assumption that the Processible Waste processed by the Facility will have a Btu content within an allowable range of 3,800 to 7,000 Btu per pound on an annual average basis throughout the Term of this Service Contract. If with respect to any Billing Period or Contract Year (1) Throughput Performance Liquidated Damages are payable pursuant to Section 15.9 hereof, or (2) Annual Electricity Production Liquidated Damages are payable pursuant to Section 15.10 hereof, the Company may certify in a written report to the County and the County Engineer that the Btu content of the Processible Waste processed by the Facility in such Billing Period or Contract Year was outside the applicable allowable range and the extent, if any, to which either of such liquidated damage payment obligations is attributable to such Btu content variations. If the County concurs with such certification or fails to respond within 30 days of such certification, the Throughput Performance Liquidated Damages or Annual Electricity Production Liquidated Damages which otherwise would have been payable pursuant to Sections 15.9 or 15.10 hereof shall be adjusted appropriately to reflect the effect of the Btu variation. If the County does not so concur, it shall notify the Company within such 30-day period and shall describe in reasonable detail the basis of the County's rejection. Upon such 148 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments notice of non-concurrence, thereupon either party may elect to refer the dispute to the Independent Engineer for non-binding mediation in accordance with Section 16.11 hereof. The burden of proof shall be on the Company in making any request under this Section to demonstrate, solely on daily performance monitoring records maintained in accordance with the requirements of this Service Contract, that the average annual Higher Heating Value of Processible Waste processed in soh Contract Year was outside the range of [3.800 - 7,0001 Btu/lb range. (B) Waste Shortfalls. In the event that there are insufficient quantities of Processible Waste to maintain a Facility steaming rate of [ ] pounds per hour ( lb/hour) to the turbine generator, the Company may shut down the Facility until sufficient quantities of Processible Waste are available; provided, however, any such shutdown will in no event provide relief towards the Company's obligation to meet the Facility Performance Obligations (other than the Annual Facility Throughput Guarantee if such shutdown results from a shortfall and prevents the Company from meeting such guarantee). (C) Delivery Shortfall; County Non-Performance. If in any Contract Year, for any reason other than Uncontrollable Circumstances, the annual available County Processible Waste is less than the Annual Waste Delivery Commitment, the County shall pay the Company an amount equal to the Company's share of electricity sale revenues which would have been payable under the Power Purchase Agreement had the shortfall not occurred, but not including the "50% bonus" for exceeding the Annual Electricity Production Guarantee ("Delivery Shortfall Liquidated Damages"). Delivery Shortfall Liquidated Damages shall be calculated by multiplying (1) .10, times (2) the amount of such delivery shortfall, times (3) the $0.15, times (4) the average electricity production (expressed in kWh per Ton of Processible Waste processed) generated at the Facility during such Contract Year. SECTION 15.12. BILLING AND PAYMENT. (A) Billin¢. The County shall pay the Service Fee in monthly installments in an amount equal to the sum of (1) amounts calculated in accordance with Sections 15.3, 15.4 and 15.6; (2) Pass Through Costs; (3) any Extraordinary Items determined on a monthly basis; (4) one-twelfth of any Extraordinary Items determined on an annual basis; and (5) any adjustments, plus or minus, to reconcile any prior monthly Excess Operation Fee or Facility Pass Through Cost payments. Any overpayment from prior months shall be credited against the monthly Service Fee payment. Any amount due the County on account of exceedences of the Guaranteed Maximum Electricity Consumption shall be paid as part of the Annual Settlement Statement. 149 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments (B) Payment. The Service Fee for each month shall be on account of the Operation Services rendered during the prior month. If the Company provides the County with an invoice by the fifteenth day of each month which sets forth the monthly portion of the Service Fee for the prior month and which shows the annual Service Fee and each component thereof as calculated for the then current Contract Year, together with the accumulated payments for each component to the date of such invoice and such other documentation or information as the County may reasonably require to determine the accuracy and appropriateness of the invoice, then the County shall pay the invoice within 30 days of receipt. SECTION 15.13. ESTIMATES AND ADJUSTMENTS. (A) Pro Rata Adjustments. Any computation made on the basis of a stated period shall be adjusted on a pro rata basis to take into account any initial or final period which is a partial period. (B) Budgetin¢. For County budgeting purposes, no later than 120 days preceding each Contract Year, the Company shall provide to the County a written statement setting forth for such Contract Year its reasonable estimate of the aggregate Service Fee, each component thereof, and the CPI Adjustment Factor. The estimate shall not be binding on the Company but shall establish the basis for monthly billing for such Contract Year, subject to annual settlement pursuant to this Article. (C) Adjustment to Service Fee. If any adjustment to the Service Fee is required pursuant to any express provision of this Service Contract, the party requesting the adjustment shall submit to the other party a written statement setting forth the cause of the adjustment, the anticipated duration of the adjustment, and the amount of the adjustment, as appropriate. Except to the extent that a longer period is otherwise specifically provided for in this Service Contract, any request for adjustment of the Service Fee hereunder shall be accepted or rejected by the party receiving the request within 45 days of receipt. If the receiving party does not notify the requesting party of its rejection and the reasons therefore within such 45 day period, the request shall be deemed rejected. A rejected request may be resubmitted, with or without change, and this paragraph shall apply to such resubmitted request as it applies to an original request. Any Service Fee adjustment request which is not rejected or deemed rejected shall take effect as of the next monthly billing period thereafter, or as otherwise agreed to by the parties. SECTION 15.14. ANNUAL SETTLEMENT. Within 45 days after the end of each Contract Year, the Company shall provide to the County an annual settlement statement (the "Annual Settlement Statement") setting forth the actual aggregate Service Fee payable with respect to such Contract Year and a reconciliation of such amount with the amounts actually paid by the County with respect to such Contract Year. As part of the annual settlement 150 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XV - Service Fee and Other Payments process, the Company shall pay the County an amount equal to any overpayment made by the County for electricity which would have been avoided had the Company met the Guaranteed Maximum Electricity Consumption, together with interest on such overpayment at the Overdue Rate computed from the time such guarantee was exceeded. The County or the Company, as appropriate, shall pay all known and undisputed amounts within 60 days after receipt or delivery of the Annual Settlement Statement. If any amount is then in dispute or is for other reasons not definitely known at the time the Annual Settlement Statement is due, the Annual Settlement Statement shall identify the subject matter and reasons for such dispute or uncertainty and, in cases of uncertainty, shall include a good faith estimate by the Company of the amount in question. When the dispute is resolved or the amount otherwise finally determined, the Company shall file with the County an amended Annual Settlement Statement which shall, in all other respects, be subject to this Section. SECTION 15.15. BILLING STATEMENT DISPUTES. If the County disputes any amount billed by the Company, the County may either (1) pay the disputed amount when otherwise due, and provide the Company with a written objection indicating the amount that is being disputed and providing all reasons then known to the County for its objection to or disagreement with such amount, or (2) withhold payment of the disputed amount and provide the Company with written objection as aforesaid within the time when such amount would otherwise have been payable. When any billing dispute is finally resolved, if payment by the County to the Company of amounts withheld or reimbursement to the County by the Company of amounts paid under protest is required, such payment or reimbursement shall be made within 45 days of the date of resolution, with interest at the Overdue Rate. SECTION 15.16. TAXES. Except as otherwise provided in this Service Contract, the Company shall be responsible for all federal, State, county and municipal Taxes and any other Tax imposed in connection with its performance of the Contract Services. 151 487571.8 028493 AGMT ARTICLE XVI BREACH, DEFAULT, REMEDIES AND TERMINATION SECTION 16.1. REMEDIES FOR BREACH. The parties agree that, except as otherwise provided in Sections 16.2, 16.4, 16.5 and 16.6 with respect to termination rights, in the event that either party breaches this Service Contract, the other party may exercise any legal rights it may have under this Service Contract, under the Security Instruments or under Applicable Law to recover damages or to secure specific performance, and that such rights to recover damages and to secure specific performance shall ordinarily constitute adequate remedies for any such breach. Neither party shall have the right to terminate this Service Contract for cause except upon the occurrence of an Event of Default. SECTION 16.2. EVENTS OF DEFAULT BY THE COMPANY. (A) Events of Default Not Reauirin¢ Previous Notice or Further Cure Opportunity for Termination. Each of the following shall constitute an Event of Default by the Company upon which the County, by notice to the Company, may terminate this Service Contract without any requirement of having given notice previously or of providing any further cure opportunity: (1) Security for Performance. The failure of the Company to obtain, maintain in full force and effect or renew within 30 days prior to expiration any Security Instrument required by Article XVIII as security for the performance of this Service Contract, without excuse for Uncontrollable Circumstances or County Fault; (2) Failure to Achieve Acceptance. The failure of the Company to achieve Acceptance prior to the end of the Extension Period; (3) Insolvency. The insolvency of the Company or the Guarantor as determined under the Bankruptcy Cade; (4) Voluntary Bankruptcy. The filing by the Company or the Guarantor of a petition of voluntary bankruptcy under the Bankruptcy Code; the consenting of the Company or the Guarantor to the filing of any bankruptcy or reorganization petition against the Company or the Guarantor under the Bankruptcy Code; or the filing by the Company or the Guarantor of a petition to reorganize the Company or the Guarantor pursuant to the Bankruptcy Code; (5) Involuntary Bankruptcy. The issuance of an order of a court of competent jurisdiction appointing a receiver, liquidator, custodian or trustee of the Company or the Guarantor or of a major part of the Company's or the Guarantor's property, respectively, or the filing against the Company or the Guarantor of a petition to reorganize the Company or the Guarantor pursuant to the Bankruptcy Code, which 152 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination order shall not have been discharged or which filing shall not have been dismissed within 90 days after such issuance or filing, respectively; (6) Default of Guarantor. The failure of the Guarantor to perform any payment or other obligation under the Guaranty in a timely manner, the material untruth of any representation or warranty made by the Guarantor in the Guaranty Agreement, or the failure of the Guarantor to comply with the terms and conditions of Section 18.1; (7) Substantial Exhaustion of Limitation on Liability. [To be provided]; or (8) Guarantor Credit Standing. The failure of the Company to provide credit enhancement when and as required by subsection 18.1(C). (B) Events of Default Requiring Previous Notice and Cure Opportunity for Termination. It shall be an Event of Default by the Company upon which the County may terminate this Service Contract, by notice to the Company, if. (1) any representation or warranty of the Company hereunder or the Guarantor under the Guaranty Agreement was false or inaccurate in any material respect when made, and the legality of this Service Contract or the Guaranty Agreement or the ability of the Company to carry out its obligations hereunder or the ability of the Guarantor to carry out its obligation thereunder is thereby adversely affected; or (2) the Company fails, refuses or otherwise defaults in its duty (a) to pay any amount required to be paid to the County under this Service Contract within 60 days following the due date for such payment, or (b) to perform any material obligation under this Service Contract (unless such default is excused by an Uncontrollable Circumstance or County Fault as and to the extent provided herein), except that no such default (other than those set forth in subsection (A) of this Section) shall constitute an Event of Default giving the County the right to terminate this Service Contract for cause under this subsection unless: (1) The County has given prior written notice to the Company stating that in its opinion a specified default in its duty to pay or perform exists which gives the County a right to terminate this Service Contract for cause under this Section, and describing the default in reasonable detail; and (2) The Company has not initiated within a reasonable time (in any event not more than 30 days from the initial default notice) and continued with due diligence to carry out to completion all actions reasonably necessary to correct the default and prevent its recurrence. If the Company shall have initiated within such reasonable time and continued with due diligence to carry out to completion all such actions, the default shall not constitute an Event 153 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination of Default during such period of time (in any event not more than 60 days from the initial default notice) as the Company shall continue with due diligence to carry out to completion all such actions. (C) Other Remedies Upon Company Event of Default. The right of termination provided under this Section upon an Event of Default by the Company is not exclusive. If this Service Contract is terminated by the County for an Event of Default by the Company, the County shall have the right to pursue a cause of action for actual damages and to exercise all other remedies which are available to it under this Service Contract, under the Security Instruments and under Applicable Law. Without limiting the foregoing, upon any termination of the Company for an Event of Default the damages payable by the Company to the County shall include the incremental costs of completing the Facility and any Capital Modifications then under construction, remediating any public health and safety problems, and paying all unpaid fines and penalties payable to any Governmental Body, in each case resulting from any breach of this Service Contract by the Company. Such termination damages shall also include, without limitation, a one-time payment equivalent to the sum of (1) the excess, if any, of (a) the estimated present value (at a 6% discount factor) of the reasonable costs of Facility operations, maintenance, repair and replacement, by the County, if the Facility is to be operated, maintained, repaired and replaced by the County, or under any new Service Contract with a replacement operator chosen as result of a competitive selection process, if the Facility is to be operated, maintained, repaired and replaced pursuant to such an agreement, in either case for a period equal to the balance of the Term at the time of termination, over (b) the estimated present value (at a [60/61 discount factor) of the aggregate Service Fee for the balance of the Term; plus (2) all reasonable costs incurred by the County in procuring, negotiating and implementing a new Service Contract with a replacement operator, if any. The Company shall not be entitled to any compensation for services provided subsequent to receiving any notice of termination for an Event of Default under this Section. SECTION 16.3. LIMITATION OF LIABILITY BY COMPANY. (A) Monetary Limit, Generally. Notwithstanding anything to the contrary contained herein, the Company's liability to the County with respect to termination damages shall not exceed an amount equal to 125% of the Fixed Design/Build Price, which amount shall be lowered to 30% of the Fixed Design/Build Price on the second anniversary of the Acceptance Date. (B) Exclusions. Excluded from the stated monetary limitation on liability set forth in subsection (A) above, are the following damages, costs or expenses: 154 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination (i) any design, construction or operating overruns or losses sustained by the Company, the Guarantor, or any other party in connection with the Service Contract, the Guaranty Agreement or any other agreement relating hereto; (ii) any claims, losses and liabilities to third parties in any Legal Proceeding; (iii) any fines and penalties paid to any Governmental Body; and (iv) any indemnity payments made to the County. SECTION 16.4. EVENTS OF DEFAULT BY THE COUNTY. (A) Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by the County upon which the Company, by notice to the County, may terminate this Service Contract: (1) Representations and Warranties. Any representation or warranty of the County hereunder was false or inaccurate in any material respect when made, and the legality of this Service Contract or the ability of the County to carry out its obligations hereunder is thereby adversely affected; (2) Failure to Pay or Perform. The failure, refusal or other default by the County in its duty: (1) to pay the amount required to be paid to the Company under this Service Contract within 60 days following the due date for such payment; or (2) to perform any other material obligation under this Service Contract (unless such default is excused by an Uncontrollable Circumstance or Company Fault); or (3) Bankruptcy. The authorized filing by the County of a petition seeking relief under the Bankruptcy Code, as applicable to political subdivisions which are insolvent or unable to meet their obligations as they mature; provided that the appointment of a financial control or oversight board by the State for the County shall not in and of itself constitute an Event of Default hereunder. (B) Notice and Cure Opportunity. No such default described in subsection (A) of this Section shall constitute an Event of Default giving the Company the right to terminate this Service Contract for cause under this subsection unless: (1) The Company has given prior written notice to the County stating that a specified default which gives the Company a right to terminate this Service Contract for cause under this Section, and describing the default in reasonable detail; and (2) The County has neither challenged in an appropriate forum the Company's conclusion that such failure or refusal to perform has occurred or constitutes a material breach of this Service Contract nor corrected or diligently taken steps to correct such default within a reasonable period of time but not more than 30 155 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination days from the date of the notice given pursuant to the preceding paragraph (but if the County shall have diligently taken steps to correct such default within a reasonable period of time, the same shall not constitute an Event of Default for as long as the County is continuing to take such steps to correct such default). (C) Termination Liquidated Damages During the Operation Period. If this Service Contract is terminated by the Company for cause as a result of an Event of Default by the County following the Acceptance Date, the County shall pay the Company, as liquidated damages upon any such termination, the same amount which would be payable under Section 16.5 if this Service Contract were terminated during the Operation Period, according to the month of termination, at the election of the County for convenience and without cause. SECTION 16.5. COUNTY CONVENIENCE TERMINATION DURING THE OPERATION PERIOD. (A) Termination Right and Fee. The County shall have the right at any time during the Operation Period, exercisable in its sole discretion, for its convenience and without cause, to terminate this Service Contract upon 60 days' written notice to the Company. If the County exercises its right to terminate the Service Contract pursuant to this Section, the County shall pay the Company, in addition to all amounts due and owing for past performance, a convenience termination fee equal to [$3,000,000], reduced by 1/240 of such amount for each month which has elapsed following the Acceptance Date to and including the month in which the Termination Date occurs. If this Service Contract is renewed pursuant to Section 4.2, then the convenience termination fee payable during the Renewal Term shall be zero. (B) Uncontrollable Circumstances. In the event an Uncontrollable Circumstance causes a total constructive loss of the Facility, or in the event an Uncontrollable Circumstance causes an extraordinary increase in County costs, and thereupon the County elects to exercise its right of convenience termination under this Section, the amount specified in subsection (A) of this Section ([$3,000,0001 as reduced) shall be excluded from the termination fee payable by the County. A "total constructive loss" for this purpose shall be deemed to have occurred: (1) if so determined by the casualty insurance carrier; or (2) if the Facility is substantially inoperable for a period of at least six months following the occurrence of the Uncontrollable Circumstance. "An extraordinary increase" in County costs shall be deemed to have occurred for this purpose if costs proposed to be paid to the Company resulting from the Uncontrollable Circumstance would cause an increase of more than 25% from the prior Contract Year in the total Service Fee payable under this Service Contract (excluding the amortization of debt incurred by the Company for Capital Modifications resulting from 156 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination Uncontrollable Circumstances) when compared to such amounts that would have been payable during the comparable periods had no Uncontrollable Circumstances occurred. (C) Payment of Amounts Owing Through the Termination Date. Upon any termination pursuant to this Section, the Company shall also be paid all amounts due for the Contract Services to be paid as part of the Service Fee but not yet paid as of the date of termination. (D) Termination Fee Payment Contingent Upon Surrender of Possession. The County shall have no obligation to pay the applicable termination fee provided for under this Section except concurrently with the surrender of possession and control by the Company of the Facility to the County. (E) Adequacy of Termination Payment. The Company agrees that the applicable termination fee provided in this Article shall fully and adequately compensate the Company and all Subcontractors for all foregone potential profits, Loss-and-Expense, and charges of any kind whatsoever (whether foreseen or unforeseen), including initial transition and mobilization costs and demobilization, employee transition and other similar wind-down costs, attributable to the termination of the Company's right to perform this Service Contract. (F) Consideration for Convenience Termination Payment. The right of the County to terminate this Service Contract for its convenience and in its sole discretion in accordance with this Article constitutes an essential part of the overall consideration for this Service Contract, and the Company hereby waives any right it may have under Applicable Law to assert that the County owes the Company a duty of good faith dealing in the exercise of such right. (G) Completion or Continuance by County. After the date of any termination under this Section, the County may at any time (but without any obligation to do so) take any and all actions necessary or desirable to continue and complete the Contract Services so terminated, including, without limitation, entering into contracts with other operators and contractors. SECTION 16.6. OBLIGATIONS OF THE COMPANY UPON TERMINATION OR EXPIRATION. (A) Company Obligations. Upon a termination of the Company's right to perform this Service Contract under Section 16.2, 16.4 or 16.5 or upon the expiration of this Service Contract under Section 4. 1, the Company shall, as applicable: (1) stop the Contract Services on the date and to the extent specified by the County; 157 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination (2) promptly take all action as necessary to protect and preserve all materials, equipment, tools, facilities and other property; (3) promptly remove from the Facility all equipment, implements, machinery, tools, temporary facilities of any kind and other property owned or leased by the Company (including, but not limited to sheds, trailers, workshops and toilets), and repair any damage caused by such removal; (4) clean the Facility and the Site and leave them in a neat and orderly condition; (5) subject to subsection (B) of this Section, promptly remove all employees of the Company and any Subcontractors and vacate the Facility; (6) promptly deliver to the County a list of all supplies, materials, machinery, equipment, property and special order items previously delivered or fabricated by the Company or any Subcontractor but not yet incorporated in the Facility; (7) deliver to the County the Operation and Maintenance Manual and all computer programs used at the Facility in the performance of the Contract Services, including all revisions and updates thereto; (8) deliver to the County a copy of all books and records in its possession relating to the performance of the Contract Services which the County is entitled to review under this Agreement; (9) provide the County with a list of all files, and access and security codes with instructions and demonstrations which show how to open and change such codes; (10) advise the County promptly of any special circumstances which might limit or prohibit cancellation of any Subcontract; (11) promptly deliver to the County copies of all Subcontracts, together with a statement of: (a) the items ordered and not yet delivered pursuant to each agreement; (b) the expected delivery date of all such items; (c) the total cost of each agreement and the terms of payment; and (d) the estimated cost of canceling each agreement; (12) assign to the County any Subcontract that the County elects in writing, at its sole election and without obligation, to have assigned to it. The County shall assume, and the Company shall be relieved of its obligations under, any Subcontract so assigned; (13) unless the County directs otherwise, terminate all Subcontracts and make no additional agreements with Subcontractors; 158 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination (14) as directed by the County, transfer to the County by appropriate instruments of title, and deliver to the Facility (or such other place as the County may specify), all special order items pursuant to this Service Contract for which the County has made or is obligated to make payments; (15) promptly transfer to the County all warranties given by any manufacturer or Subcontractor with respect to particular components of the Facility or the Operation Services; (16) notify the County promptly in writing of any Legal Proceedings against the Company by any Subcontractor or other third parties relating to the termination of the Design/Build Work or the Operation Services (or any Subcontracts); (17) give written notice of termination, effective as of date of termination of this Service Contract, promptly under each policy of Required Insurance (with a copy of each such notice to the County), but permit the County to continue such policies thereafter at its own expense, if possible; (18) arrange its dealings with employees such that no "successor clause" or accrued benefit liability will bind the County in the event the County determines to offer employment to the Company's employees at the Facility following the Termination Date; and (19) take such other actions, and execute such other documents as may be necessary to effectuate and confirm the foregoing matters, or as may be otherwise necessary or desirable to minimize the County's costs, and take no action which shall increase any amount payable to the County under this Service Contract. (B) Hiring of Company Personnel. Upon the termination or expiration of this Service Contract under any provision hereof, the County or any successor operator of the Facility designated by the County shall have the right to offer employment on any terms it may choose to any Company employee employed full time at the Facility. No Company employment agreement, job offer, letter or similar document may contravene this right. The County or its designated successor operator shall extend any such job offer within 30 days of the expiration or termination of this Service Contract. The Company shall assist and cooperate with any such employee transition in the manner as reasonably requested by the County. (C) Continuity of Service and Technical Support. Upon the termination of the Company's right to perform this Service Contract under Section 16.2 or 16.5 or upon the expiration of this Service Contract under Section 4. 1, the Company, at the request and direction of the County, shall provide for an effective continuity of service and the smooth and orderly transition of management to the County or any replacement operator designated by the County. Such service shall be for a period of up to 180 days and shall include providing technological and design advice and support and delivering any plans, drawings, renderings, 159 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination blueprints, operating manuals, computer programs, spare parts or other information useful or necessary for the County or any replacement operator designated by the County to carry out and complete the Facility and to perform the Operation Services. In addition, the Company shall provide the County and any replacement operator with a one-time training program relating to the operation of the Facility, including any Capital Modifications thereto. (D) Company Payment of Certain Costs. If termination is pursuant to Section 16.2, or upon the expiration of this Service Contract under Section 4. 1, the Company shall be obligated to pay the costs and expenses of undertaking its obligations under subsection (A) of this Section. If the Company fails to comply with any obligation under this Section, the County may perform such obligation and the Company shall pay on demand all reasonable costs thereof subject to Cost Substantiation. (E) County Payment of Certain Costs. If termination is for the convenience of the County under Section 16.5 or due to a County Event of Default pursuant to Section 16.4, the County shall pay to the Company within 60 days of the date of the Company's invoice supported by Cost Substantiation all reasonable cost and expenses incurred by the Company in satisfying its obligations under subsection (A) of this Section. (F) Exit Test. Not later than six months prior to the Termination Date resulting from the expiration of this Service Contract or concurrently with the termination resulting from an early termination of this Service Contract pursuant to Section 16.2 or 16.5, the Company shall prepare and submit to the County for its approval a plan for exit testing of the Facility, which shall conform to the requirements of Appendix 17 in all respects. The County shall submit its comments on the exit testing plan to the Company within 30 days of receipt thereof, and the Company thereafter shall prepare a final exit testing plan, incorporating the County's comments, for submission to the County within 30 days. The Company (or a third party at the County's option), at the request of the County and after reasonable notice to the Company, shall perform the exit test of the Facility for compliance with the Exit Test Procedures and Standards in the first month of the 3-month period preceding the end of the Term hereof. If such test shows that the Facility is operating out of compliance with the Exit Test Procedures and Standards, then within 14 days of such test results, the Company shall submit to the County a plan for remediation and retesting. The County shall have 14 days to approve such plan, which approval shall not to be unreasonably withheld. The Company shall make all repairs, replacements, renewals and operating changes and take all other actions which may be necessary to enable the Facility to meet the Exit Test Procedures and Standards. The Facility shall then be re-tested to demonstrate that the necessary corrective action has been taken and the Facility is in compliance with the Exit Test Procedures 160 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination and Standards. No such testing or retesting shall relieve the Company of its obligations under this Service Contract during the performance of the test or retest. SECTION 16.7. SURVIVAL OF CERTAIN PROVISIONS UPON TERMINATION. All representations and warranties of the parties hereto contained in Article II and the rights and obligations of the parties hereto pursuant to Sections 4.1, 7.9, 8.6, 9.4, 9.5, 11.8, 16.3, 16.6, 16.9, 17.1, 17.3, 17.4, 19.3 and 19.7 shall survive the termination of this Service Contract. No termination of this Service Contract shall (1) limit or otherwise affect the respective rights and obligations of the parties hereto accrued prior to the date of such termination; or (2) preclude either party from implementing the other party in any Legal Proceeding originated by a third-party as to any matter occurring during the Term of this Service Contract. SECTION 16.8. NO WAIVERS. No action of the County or Company pursuant to this Service Contract (including, but not limited to, any investigation or payment), and no failure to act, shall constitute a waiver by either party of the other party's compliance with any term or provision of this Service Contract. No course of dealing or delay by the County or Company in exercising any right, power or remedy under this Service Contract shall operate as a waiver thereof or otherwise prejudice such party's rights, powers and remedies. No single or partial exercise of (or failure to exercise) any right, power or remedy of the County or the Company under this Service Contract shall preclude any other or further exercise thereof or the exercise of any other right, power or remedy. SECTION 16.9. NO CONSEOUENTIAL OR PUNITIVE DAMAGES. In no event shall either party hereto be liable to the other or obligated in any manner to pay to the other any special, incidental, consequential, punitive or similar damages based upon claims arising out of or in connection with the performance or non-performance of its obligations or otherwise under this Service Contract, or the material falseness or inaccuracy of any representation made in this Service Contract, whether such claims are based upon contract, tort, negligence, warranty or other legal theory; provided, however, that nothing in this Section shall limit the obligation of the Company to indemnify the County for any special, incidental, consequential, punitive or similar damages payable to third parties resulting from any act or circumstance for which the Company is obligated to indemnify the County hereunder. SECTION 16.10. FORUM FOR DISPUTE RESOLUTION. It is the express intention of the parties that all Legal Proceedings related to this Service Contract or to the Facility or to any rights or any relationship between the parties arising therefrom shall be solely and exclusively initiated and maintained in courts of the State located in Hawaii County. The Company and the County each irrevocably consents to the jurisdiction of such courts in 161 487571.8 028493 AGMT Design, Construction and Operation of the County Service Contract of Hawaii Solid Waste Reduction Facility Article XVI - Breach, Default, Remedies and Termination any such Legal Proceeding, and waives any objection it may have to the laying of the jurisdiction of any such Legal Proceeding. SECTION 16.11. NON-BINDING MEDIATION. (A) Rights to Request and Decline. Either party hereto may give the other parry written notice of any dispute with respect to the Company's satisfaction of any Acceptance Standard, any Performance Guarantee, any technical matter or any other matter specified herein for resolution by mediation. Such notice shall specify a date and location for a meeting of the parties hereto at which such parties shall attempt to resolve such dispute. In the event that such dispute cannot be resolved by the parties hereto within 30 days, such dispute shall be referred to a Mediator for advice and non- binding mediation. (B) Procedure. The Mediator shall be a professional engineer, attorney or other professional mutually acceptable to the parties who has no current or on-going relationship to either party. The Mediator shall have full discretion as to the conduct of the mediation. Each party shall participate in the Mediator's program to resolve the dispute until and unless the parties reach agreement with respect to the disputed matter or one party determines in its sole discretion that its interests are not being served by the mediation. (C) Non-Binding Effect. Mediation is intended to assist the parties in resolving disputes over the correct interpretation of this Service Contract. No Mediator shall be empowered to render a binding decision. (D) Relation to Judicial Legal Proceedings. Nothing in this Section shall operate to limit, interfere with or delay the right of either party under this Article to commence judicial Legal Proceedings upon a breach of this Service Contract by the other party, whether in lieu of, concurrently with, or at the conclusion of any Non-Binding Mediation. 162 487571.8 028493 AGMT ARTICLE XVII INSURANCE, UNCONTROLLABLE CIRCUMSTANCES AND INDEMNIFICATION SECTION 17.1. INSURANCE. (A) Company Insurance. At all times during the Term of this Service Contract, the Company shall obtain and maintain the Required Insurance in accordance with Appendix 14 and shall pay all premiums with respect thereto as the same become due and payable. (B) Insurers. Deductibles and County Rights. All insurance required by this Section shall be obtained and maintained from financially sound and generally recognized responsible insurance companies meeting the qualifications set forth in Appendix 14. The insurers shall be selected by the Company with the consent of the County, which consent shall not be unreasonably withheld, and authorized to write such insurance in the State. The insurance coverage shall be written with deductible amounts within the limits allowed in Appendix 14, and the Company shall be responsible for any deductible amounts [resulting from the Company's negligence, willful misconduct or breach of this Agreement]. The Company shall also be responsible for all self-insured retentions contained in its insurance coverages, as well as any excluded losses if such losses are within the liability of the Company hereunder. All policies evidencing such insurance shall provide for: (1) payment of the losses to the County, and to the Company as their respective interests may appear; and (2) at least 30 days' prior written notice of the cancellation thereof to the Company and the County. All policies of insurance required by this Section shall be primary insurance without any right of contribution from other insurance carried by the County. The County shall have the right to fully participate in all insurance claim settlement negotiations and to approve all final insurance settlements, which approval shall not be unreasonably withheld. (C) Certificates. Policies and Notice. The delivery by the Company to the County of certificates of insurance is required by this Service Contract as a condition to the occurrence of the Construction Commencement Date (Required Design/Build Period Insurance) and as a condition to the occurrence of the Acceptance Date (Required Operation Period Insurance). The Company shall also supply the County, upon request, with certified copies of such policies promptly following issuance by the insurers. Not later than 30 days prior to the beginning of each Contract Year throughout the Term, the Company shall furnish certificates of insurance to the County to confirm the continued effectiveness of the Required Insurance. Whenever a Subcontractor is utilized, the Company shall either obtain and maintain or require the Subcontractor to obtain and maintain insurance in accordance with the applicable requirements of Appendix 14. 163 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVII - Insurance, Uncontrollable Circumstances and Indemnification (D) Maintenance of Insurance Coverage. If the Company fails to pay any premium for Required Insurance, or if any insurer cancels any Required Insurance policy and the Company fails to obtain replacement coverage so that the Required Insurance is maintained on a continuous basis, then, at the County's election (but without any obligation to do so), the County, following notice to the Company, may pay such premium or procure similar insurance coverage from another company or companies and upon such payment by the County the amount thereof shall be immediately reimbursable to the County by the Company. The Company shall not perform Design/Build Work during any period when any policy of Required Design/Build Period Insurance is not in effect. The Company shall comply with all applicable Required Insurance in accordance with the requirements of this Service Contract during the Term hereof. The failure of the Company to obtain and maintain any Required Insurance shall not relieve the Company of its liability for any losses intended to be insured thereby. Should any failure to provide continuous insurance coverage occur, the Company shall indemnify and hold harmless the County in the manner provided in Section 17.3, from and against any Loss-and-Expense arising out of such failure. The purchase of insurance to satisfy the Company's obligations under this Section shall not be a satisfaction of any Company liability under this Service Contract or in any way limit, modify or satisfy the Company's indemnity obligations hereunder. SECTION 17.2. UNCONTROLLABLE CIRCUMSTANCES. (A) Relief from Obligations. Except as expressly provided under the terms of this Service Contract, neither parry to this Service Contract shall be liable to the other for any loss, damage, delay, default or failure to perform any obligation to the extent it results from an Uncontrollable Circumstance. The parties agree that the relief for an Uncontrollable Circumstance described in this Section shall apply to all obligations in this Service Contract, except to the extent specifically provided otherwise, notwithstanding that such relief is specifically mentioned with respect to certain obligations in this Service Contract but not other obligations. The occurrence of an Uncontrollable Circumstance shall not excuse or delay the performance of a party's obligation to pay monies previously accrued and owing under this Service Contract, or to perform any obligation hereunder not affected by the occurrence of the Uncontrollable Circumstances. The County shall pay the Service Fee during the continuance of any Uncontrollable Circumstance, adjusted to account for any cost reductions achieved through Company mitigation measures required by subsection (B) of this Section, as well as for any cost increases to which the Company is entitled under subsection (C) of this Section. (B) Notice and Mitigation. The party that asserts the occurrence of an Uncontrollable Circumstance shall notify the other party by telephone or facsimile, on or promptly after the date the party experiencing such Uncontrollable Circumstance first knew of 164 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVII - Insurance, Uncontrollable Circumstances and Indemnification the occurrence thereof, followed within 15 days by a written description of: (1) the Uncontrollable Circumstance and the cause thereof (to the extent known); and (2) the date the Uncontrollable Circumstance began, its estimated duration, the estimated time during which the performance of such party's obligations hereunder shall be delayed, or otherwise affected. As soon as practicable after the occurrence of an Uncontrollable Circumstance, the affected party shall also provide the other party with an description of. (1) the amount, if any, by which the Design/Build Price or the Service Fee is proposed to be adjusted as a result of such Uncontrollable Circumstance; (2) any areas where costs might be reduced and the approximate amount of such cost reductions; and (3) its estimated impact on the other obligations of such party under this Service Contract. The affected party shall also provide prompt written notice of the cessation of such Uncontrollable Circumstance. Whenever such act, event or condition shall occur, the party claiming to be adversely affected thereby shall, as promptly as practicable, use all reasonable efforts to eliminate the cause therefor, reduce costs and resume performance under this Service Contract. While the Uncontrollable Circumstance continues, the affected party shall give notice to the other party, before the first day of each succeeding month, updating the information previously submitted. The party claiming to be adversely affected by an Uncontrollable Circumstance shall bear the burden of proof, and shall furnish promptly any additional documents or other information relating to the Uncontrollable Circumstance reasonably requested by the other party. (C) Conditions to Performance. Design/Build Price. Service Fee or Schedule Relief. If and to the extent that an Uncontrollable Circumstance materially expands the scope of the Company's obligations hereunder, materially interferes with, materially delays or materially increases the cost of the Company's performing its obligations hereunder, the Company shall, subject to the limitations specifically provided for in this Service Contract, be entitled to relief from the performance of its obligations hereunder, an extension of schedule or an increase in the Design/Build Price or the Service Fee, or any combination thereof, which properly reflects the interference with performance, the time lost or the amount of the increased cost, in each case as a result thereof, but only to the minimum extent reasonably forced on the Company by the event, and the Company shall perform all other Contract Services. The proceeds of any Required Insurance available to meet any such increase cost, and the payment by the Company of any deductible, shall be applied to such purpose prior to any determination of cost increase payable by the County under this Section. Any cost reduction achieved through the mitigating measures undertaken by the Company pursuant to subsection (B) of this Section upon the occurrence of an Uncontrollable Circumstance shall be reflected in a reduction of the amount by which the Design/Build Price or the Service Fee would have otherwise been increased or shall serve to reduce the Design/Build Price or the 165 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVII - Insurance, Uncontrollable Circumstances and Indemnification Service Fee to reflect such mitigation measures, as applicable. In the event that the Company believes it is entitled to any relief on account of an Uncontrollable Circumstance, it shall furnish the County written notice of the specific relief requested and detailing the event giving rise to the claim within 30 days after the giving of notice delivered pursuant to subsection (B) of this Section, or if the specific relief cannot reasonably be ascertained and such event detailed within such 30-day period, then within such longer period within which it is reasonably possible to detail the event and ascertain such relief. Within 30 days after receipt of such a timely submission from the Company, the County shall issue a written determination as to the extent, if any, it concurs with the Company claim for performance, price or schedule relief, and the reasons therefore. The Company acknowledges that its failure to give timely notice pertaining to an Uncontrollable Circumstance as required under this Section may adversely affect the County. To the extent the County asserts that any such adverse effect has occurred and that the relief to the Company or the additional cost to be borne by the County under this subsection should be reduced to account for such adverse effect, the Company shall have the affirmative burden of refuting the County's assertion. Absent such refutation, the reduction in relief to the Company and the reduction in additional cost to the County asserted by the County in such circumstances shall be effective. The agreement of the parties as to the specific relief to be given the Company hereunder on account of an Uncontrollable Circumstance shall be evidenced by a Contract Administration Memorandum, Service Contract amendment or a Change Order, as applicable. (D) Capital Modifications. Before proposing any modification to the Service Fee in its notice of requested adjustment under this Section, the Company shall determine whether any increased costs of operation and maintenance of the Facility resulting from an Uncontrollable Circumstance can reasonably and prudently be reduced by the undertaking of a Capital Modification. In the event that the Company makes such a determination, the Company shall so advise the County in accordance with Sections 14.3 and 14.5. The County shall thereupon determine, in its sole discretion, whether such a Capital Modification shall be undertaken and shall so advise the Company within 60 days of receipt of such notice by the Company. In no event shall the Company undertake such Capital Modification except at the express written direction of the County. (E) Acceptance of Adjustment Constitutes Release. The Company's acceptance of any performance, price or schedule adjustment under this Section shall be construed as a release of the County by the Company (and all persons claiming by, through, or under the Company) for any and all losses or expenses resulting from, or otherwise attributable to, the event giving rise to the adjustment claimed. 166 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVII - Insurance, Uncontrollable Circumstances and Indemnification SECTION 17.3. INDEMNIFICATION BY THE COMPANY. The Company shall indemnify, defend and hold harmless the County, and its elected officials, appointed officers, employees, representatives, agents, consultants and contractors (each, a "County Indemnitee"), from and against (and pay the full amount of) any and all Loss-and-Expense incurred by a County Indemnitee to third parties arising from or in connection with (or alleged to arise from or in connection with): (1) any failure by the Company to perform its obligations under this Service Contract; or (2) the negligent acts, errors or omissions or willful misconduct of the Company or any of its officers, directors, employees, agents, representatives or Subcontractors in connection with this Service Contract. The Company shall also indemnify the County as and to the extent provided elsewhere in this Service Contract. The Company's indemnity obligations hereunder shall not be limited by any coverage exclusions or other provisions in any insurance policy maintained by the Company which is intended to respond to such events. The Company shall not, however, be required to reimburse or indemnify any County Indemnitee for any Loss-and-Expense to the extent caused by the negligence or willful misconduct of any County Indemnitee or to the extent attributable to any Uncontrollable Circumstance. A County Indemnitee shall promptly notify the Company of the assertion of any claim against it for which it is entitled to be indemnified hereunder, and the Company shall have the right to assume the defense of the claim in any Legal Proceeding and to approve any settlement of the claim. These indemnification provisions are for the protection of the County Indemnitee only and shall not establish, of themselves, any liability to third parties. The provisions of this Section shall survive termination of this Service Contract. SECTION 17.4. INDEMNIFICATION BY THE COUNTY To the extent permitted by law, the County shall indemnify, defend and hold harmless the Company, and its appointed officers, employees, representatives, agents, consultants and contractors (each, a "Company Indemnitee"), from and against (and pay the full amount of) any and all Loss-and- Expense incurred by a Company Indemnitee to third parties arising from or in connection with (or alleged to arise from or in connection with): (1) any failure by the County to perform its obligations under this Service Contract; or (2) the negligent acts, errors or omissions or willful misconduct of the County or any of its officers, directors, employees, agents, representatives or Subcontractors in connection with this Service Contract. The County shall also indemnify the Company as and to the extent provided elsewhere in this Service Contract. The County's indemnity obligations hereunder shall not be limited by any coverage exclusions or other provisions in any insurance policy maintained by the County which is intended to respond to such events. The County shall not, however, be required to reimburse or indemnify any Company Indemnitee for any Loss-and-Expense to the extent caused by the negligence or willful misconduct of any Company Indemnitee or to the extent attributable to any 167 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVII - Insurance, Uncontrollable Circumstances and Indemnification Uncontrollable Circumstance. A Company Indemnitee shall promptly notify the County of the assertion of any claim against it for which it is entitled to be indemnified hereunder, and the County shall have the right to assume the defense of the claim in any Legal Proceeding and to approve any settlement of the claim. These indemnification provisions are for the protection of the Company Indemnitee only and shall not establish, of themselves, any liability to third parties. The provisions of this Section shall survive termination of this Service Contract. 168 487571.8 028493 AGMT ARTICLE XVIII SECURITY FOR PERFORMANCE SECTION 18.1. GUARANTOR. (A) Guaranty Agreement. The Company shall cause the Guaranty Agreement to be provided and maintained by the Guarantor during the Term hereof in the form attached hereto as a Transaction Form. (B) Material Decline in Guarantor's Credit Standing. For purposes of this Section, a "Material Decline in Guarantor's Credit Standing" shall be deemed to have occurred the event that the Guarantor's long-term senior debt outstanding has a rating by one of the Rating Services below investment grade level. The Company immediately shall notify the County of any Material Decline in the Guarantor's Credit Standing. (C) Credit Enhancement. If a Material Decline in Guarantor's Credit Standing occurs, the Company shall cause to be provided credit enhancement of its obligations hereunder within 30 days after such occurrence. Such credit enhancement shall be in the form either of. (1) an unconditional guarantee of all of the Company's obligations hereunder provided by a corporation or financial institution whose long-term senior debt is or would be rated investment grade by one of the Rating Services; or (2) a letter of credit securing the Company's Design/Build Work obligations hereunder in a face amount equal to $10,000,000 provided by a financial institution whose long-term senior debt is or would be rated investment grade by one of the Rating Services. The Guarantor shall maintain such credit enhancement until the Guarantor's credit standing has been restored to investment grade. (D) Annual Reports. The Company shall furnish the County, within 120 days after the end of the Guarantor's fiscal year, consolidating balance sheets and income statements for the Guarantor attached to the audited year end financial statements reported upon by the Guarantor's independent public accountant. If applicable, the Company shall also furnish the County with copies of the quarterly and annual reports and other filings of the Guarantor filed with the Securities and Exchange Commission. SECTION 18.2. BONDS. (A) Construction Payment and Performance Bond. On or before the Construction Commencement Date and any Capital Modification undertaken by the Company, the Company shall provide the Construction Payment and Performance Bond in an amount equal to the Fixed Construction Period Price relating to the construction work (plus a reasonable amount to be determined by the parties for any estimated Fixed Design/Build Price Adjustments), as financial security for the faithful performance and payment of its Design/Build Period obligations hereunder. The Construction Payment and Performance Bond shall be substantially in the form set forth in the Transaction Forms and shall be issued by a surety company: (1) approved by the County having a rating of "A" in the 169 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVIII - Security for Performance latest revision of the A.M. Best Company's Insurance Report; (2) be listed in the United States Treasury Department's Circular 570, "Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsurance Companies"; and (3) holding a certificate of authority to transact surety business in the State issued by the Director of the Department of Insurance. The Construction Payment and Performance Bond shall remain open until 6 months after Acceptance has been achieved. (B) Monitoring of Sureties. The Company shall be responsible throughout the Term of this Service Contract for monitoring the financial condition of any surety company issuing bonds under this Service Contract and for making inquiries no less often than annually to confirm that each such surety company maintains at least the minimum rating level specified in this Section. In the event the rating of any issuing surety company falls below such minimum level, the Company shall promptly notify the County of such event and shall promptly furnish or arrange for the furnishing of a substitute or an additional bond of a surety company whose rating and other qualifications satisfy all above requirements, unless the County agrees to accept the surety company or agrees to an alternative method of assurance. Upon such notice by the Company of such an event, the County shall not unreasonably withhold its approval of such assurance. SECTION 18.3. LETTER OF CREDIT. (A) Requirements. On the Acceptance Date, the Company shall provide to the County as beneficiary an irrevocable standby letter of credit in the stated amount of $2,000,000 issued by a Qualified Commercial Bank (the "Letter of Credit"). The Letter of Credit shall be for a term of one year, shall be continuously renewed, extended or replaced so that it remains in effect until 90 days after the Termination Date, and shall be issued substantially in the form set forth in the Transaction Forms. The Letter of Credit shall, upon each renewal, extension or replacement thereof, be reduced from the required stated amount applicable for that Contract Year by the aggregate amount of all amounts drawn on all previous Letters of Credit provided under this subsection. The Letter of Credit shall serve as security for the performance of the Company's obligations hereunder, and the stated amount thereof shall in no way limit the amount of damages to which the County may be entitled for any Company Event of Default hereunder. (B) Drawings for Non-Renewal or Bankruptcy. The County shall have the unconditional right to immediately draw upon the Letter of Credit for the full stated amount thereof upon the following conditions: (1) in the event that any required renewal, extension or replacement thereof is not made earlier than the date which is 30 days prior to its expiration date; (2) the Company or the Guarantor (i) has filed a petition of voluntary bankruptcy under the Bankruptcy Code, (ii) has consented to the filing of any bankruptcy or reorganization petition against the Company or the Guarantor, or (iii) has filed a petition to reorganize the 170 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract _County of Hawaii Solid Waste Reduction Facility Article XVIII - Security for Performance Company or the Guarantor pursuant to the Bankruptcy Code; or (3) a court of competent jurisdiction has issued an order appointing a receiver, liquidator, custodian or trustee of the Company or the Guarantor or of a major part of the Company's or the Guarantor's property, respectively, or a petition to reorganize the Company or the Guarantor pursuant to the Bankruptcy Code has been filed against the Company or the Guarantor, and such order has not been discharged or such filing has not been dismissed within 90 days after such issuance or filing. The proceeds of any such drawing shall be held by the County as cash collateral to secure the performance of the Contract Services and, in the event of a material breach of this Service Contract following any such drawing, may be retained by the County as payment or partial payment of damages resulting therefrom. (C) Drawings for Termination. The County shall have the unconditional right to immediately draw upon the Letter of Credit an amount estimated by the County as representing the damages it has suffered as a result of the termination of this Service Contract by the County pursuant to this Section. (D) Drawings for Material Breach. The County shall have the right to draw upon the Letter of Credit in an amount estimated by the County as representing the damages it has suffered as a result of a material breach of this Service Contract by the Company. Unless the Letter of Credit is due to expire prior to such period necessary to provide notice and hold a meeting, it shall be a condition to the right of the County to draw on the Letter of Credit for a material breach that: (1) the County has given the Guarantor notice of a material breach of this Service Contract, whether or not such breach constitutes an Event of Default, and attached a copy of the good faith assessment of the damages the County has suffered as a result of such breach, and (2) the Company has had an opportunity at a meeting scheduled by the County to be held not earlier than 15 days nor later than 30 days following delivery of such notice, to present to the County evidence disputing the County's assertion of material breach or assessment of damages. Notice to the Company of a material breach hereof shall be given concurrently with the notice to the Guarantor, except that following any event of voluntary bankruptcy or involuntary bankruptcy by the Company as described in subsection 16.2(B) or a termination of this Service Contract pursuant to this Section, no such notice shall be required to be given to the Company, nor shall the giving of such notice be a condition to the County's drawing rights under the Letter of Credit pursuant to this subsection. (E) Effect of Final Determination of Damages. In the event that subsequent to any drawing on the Letter of Credit it is determined by any court of competent jurisdiction in a final non-appealable decision that such drawing to any extent was not permitted hereunder, the County shall pay the amount wrongfully drawn to the Company together with interest 171 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XVIII - Security for Performance thereon at the Overdue Rate calculated from the date of the drawing to the date of payment to the Company. SECTION 18.4. COSTS OF PROVIDING SECURITY FOR PERFORMANCE. (A) Inclusion in Service Fee. The cost and expense of obtaining and maintaining the Security Instruments required under this Article as security for the performance of the Company's obligations hereunder shall be borne by the Company without reimbursement from the County. 172 487571.8 028493 AGMT ARTICLE XIX MISCELLANEOUS PROVISIONS SECTION 19.1. RELATIONSHIP OF THE PARTIES. The Company is an independent contractor of the County and the relationship between the parties shall be limited to performance of this Service Contract in accordance with its terms. Neither party shall have any responsibility with respect to the services to be provided or contractual benefits assumed by the other party. Nothing in this Service Contract shall be deemed to constitute either party a partner, agent or legal representative of the other party. No liability or benefits, such as workers compensation, pension rights or liabilities, or other provisions or liabilities arising out of or related to a contract for hire or employer/ employee relationship, shall arise or accrue to any party's agent or employee as a result of this Service Contract or the performance thereof. SECTION 19.2. )RESERVEDI. SECTION 19.3. PROPERTY RIGHTS. (A) Protection from Infringement. The Company shall pay all royalties and license fees in connection with the Facility and the Operation Services. The Company shall protect, indemnify, defend and hold harmless the County, and any of the County Indemnities, in the manner provided in Section 17.3, from and against all Loss-and-Expense arising out of or related to the infringement or unauthorized use of any patent, trademark, copyright or trade secret relating to, or for the Design/Build Work and the Operation Services, or at its option, shall acquire the rights of use under infringed patents, or modify or replace infringing equipment with equipment equivalent in quality, performance, useful life and technical characteristics and development so that such equipment does not so infringe. The Company shall not, however, be required to reimburse or indemnify any person for any Loss-and-Expense to the extent due to the negligence or willful conduct of such person. The provisions of this Section shall survive termination of this Service Contract. (B) Intellectual Property Developed by the Compan y. All intellectual property developed by the Company at or through the use of the Facility or otherwise in connection with the performance of the Contract Services shall be owned by the Company subject to the terms and conditions of this Section, and is hereby licensed to the County on a non-exclusive cost free, perpetual basis for use by the County and any successor operator of the Facility (but, with respect to any successor operator, only in connection with the operation of the Facility). Such intellectual property shall include technology, inventions, innovations, processes, know-how, formulas and software, whether protected as proprietary information, trade secrets, or patents. The Company shall have an irrevocable, perpetual and unrestricted right to use such intellectual property for any County request, whether before or following the Termination Date. Neither the County nor the Company shall license, transfer or otherwise make available such 173 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions intellectual property to any third-party for remuneration except with the consent of the other, which consent may be conditioned upon mutual agreement as to the sharing of any such remuneration. SECTION 19.4. PROPRIETARY INFORMATION. (A) Non-Disclosure. The parties hereto hereby acknowledge that the Company has a proprietary interest in certain information that may be furnished pursuant to the provisions of this Service Contract. Without the prior written consent of the Company, the County agrees to keep in confidence and agrees not to disclose any such information that is specifically designated by the Company as being confidential or proprietary, subject however in all cases to operation of the provisions of Applicable Law to the contrary. The provisions of this paragraph shall not apply to any information, notwithstanding any confidential designation thereof, which (1) is known to the County without any restriction as to disclosure or use at the time it is furnished, (2) is or becomes generally available to the public without breach of any agreement, (3) is received from a third party without limitation or restriction on such third party or the County at the time of disclosure or (4) may be disclosed to a Governmental Authority pursuant to subsection 19.4(B) hereof. (B) Authorized Disclosures. The County may disclose any information deemed confidential or proprietary when required to do so by or pursuant to (1) any Applicable Law or regulations governing the disclosure of such information, (2) an order of a court of competent jurisdiction, or (3) a lawful subpoena (collectively, "Governmental Authority"). Prior to making any such disclosure, the County will (a) provide the Company with advance written notice at the earliest practicable date of the proprietary information requested by or pursuant to such Governmental Authority and the County's intent to disclose, (b) minimize, consistent with Applicable Law, the amount of proprietary information to be provided in a manner that is consistent with the requirements of the Governmental Authority involved, and (c) make all reasonable efforts (which may include participation of the Company in discussions with or pursuant to such Governmental Authority) to secure confidential treatment and minimization of the proprietary information to be provided. In the event that efforts to secure the confidential treatment of such proprietary information are unsuccessful, the Company shall have the prior right to revise such information in order to minimize the disclosure of such information if and to the extent any such revision is permitted by and consistent with the requirements of the Governmental Authority involved. SECTION 19.5. INTEREST ON OVERDUE OBLIGATIONS. Except as otherwise provided herein, all amounts due hereunder, whether as damages, credits, revenue, charges or reimbursements, that are not paid when due shall bear interest at the rate of interest which is the Overdue Rate, on the amount outstanding from time to time, on the basis 174 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions of a 365-day year, counting the actual number of days elapsed, and such interest accrued at any time shall, to the extent permitted by Applicable Law, be deemed added to the amount due as accrued. SECTION 19.6. COST SUBSTANTIATION. (A) Substantiating Non-Fixed Costs. The fixed component of the Service Fee and the Fixed Design/Build Price are fixed by the terms of this Service Contract and are not subject to Cost Substantiation as provided in subsection (B) of this Section except to the extent otherwise specifically set forth in this Service Contract. Any other cost proposed or incurred by the Company which is directly or indirectly chargeable to the County in whole or in part hereunder shall be the fair market price for the good or service provided, or, if there is no market, (including costs related to emergency actions, cost-plus work Capital Modifications, and other additional work necessitated or additional costs to be borne on account of Uncontrollable Circumstances, County Fault or County direction) shall be a commercially reasonable price. The Company shall provide certified Cost Substantiation for all such other costs invoiced to the County hereunder. (B) Cost Substantiation Certificate. Any certificate delivered hereunder to substantiate cost shall be signed by senior management officers of the Company, shall state the amount of such cost and the provisions of this Service Contract under which such cost is properly chargeable to the County, shall describe the competitive or other process utilized by the Company to obtain a fair market price, and shall state that such cost is a fair market price for the service or materials to be supplied (or, if there is no market, that such cost is commercially reasonable) and that such services and materials are reasonably required pursuant to this Service Contract. The certificate shall be accompanied by copies of such documentation as shall be necessary to reasonably demonstrate that the cost as to which Cost Substantiation is required has been paid or incurred. Such documentation shall be in a format reasonably acceptable to the County and shall include reasonably detailed information concerning: (1) all subcontracts; (2) the amount and character of materials and services furnished, the persons from whom purchased, the amounts payable therefor and related delivery and transportation costs and any sales or personal property Taxes; (3) a statement of the equipment used and any rental payable therefor; (4) Company and Subcontractor employee hours, duties, wages, salaries, benefits and assessments; and (5) Company and Subcontractor profit, administration costs, bonds, insurance, taxes, premiums overhead, and other expenses. The Company's entitlement to reimbursement of Cost Substantiated costs of the Company shall be subject to the limitations set forth in this Section. (C) Technical Services. For costs proposed or incurred by the Company that are subject to Cost Substantiation, Company personnel and personnel of Subcontractors providing technical services shall be billed at their then currently applicable rates for similar 175 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions services on projects of similar size and scope to the Design/Build Work or Operation Services. The Company shall use commercially reasonable efforts to use available Company personnel for additional work hereunder before using Subcontractors. (D) Mark-Up. The Company will be entitled to a mark-up of 10% for a combination of overhead, risk, profit and contingency on costs of its own personnel, except with respect to work due to Uncontrollable Circumstances, for which the Company shall be entitled to 5%a mark-up for overhead, risk, profit and contingency. No mark-up will be added to the Company's costs for Subcontractors, lodging and meals or travel. Construction and operation Subcontractors similarly will be entitled to such mark ups with respect to its personnel costs but no mark ups for costs for their subcontractors, lodging and meals or travel. (E) Evidence of Costs Incurred. To the extent reasonably necessary to confirm direct costs required to be Cost Substantiated, copies of timesheets, invoices, canceled checks, expense reports, receipts and other documents, as appropriate, shall be delivered to the County with the request for reimbursement of such costs. SECTION 19.7. SUBCONTRACTORS. (A) Use Restricted. The Company shall operate the Facility with its own employees and in accordance with Article XI and Appendix 8. Subcontractors may be used to perform other Contract Services, subject to the County's right of approval identified in subsection (B) of this Section. (B) Limited County Review and Approval of Permitted Subcontractors. Except as provided in the next sentence, the County shall have the right, based on the criteria provided below in this Section, to approve all Subcontractors which the Company is permitted to engage under subsection (A) of this Section for Contract Services valued in excess of $50,000 annually, which approval shall not be unreasonably withheld. County approval of Subcontractors as provided in the preceding sentence shall not be required for: (1) Affiliates of the Company; (2) equipment suppliers; (3) Governmental Bodies; (4) approved Subcontractors listed in Appendix 13; and (5) Subcontractors hired by the Company for purposes of remedying an emergency situation. The Company shall furnish the County written notice of its intention to engage such Subcontractors, together with all information reasonably requested by the County pertaining to the demonstrated responsibility of the proposed Subcontractor in the following areas: (1) any conflicts of interest; (2) any record of felony criminal convictions or pending felony criminal investigations; (3) any final judicial or administrative finding or adjudication of illegal employment discrimination; (4) any unpaid federal, State, or local Taxes; and (5) any final judicial or administrative findings or adjudication of non-performance in contracts with the County or the State. The approval or withholding thereof by the County of 176 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions any proposed Subcontractor shall not create any liability of the County to the Company, to third parties or otherwise. In no event shall any Subcontract be awarded to any person debarred, suspended or disqualified from State or County contracting for any services similar in scope to the Operation Services or Design/Build Work. (C) Subcontract Terms and Subcontractor Actions. The Company shall retain full responsibility to the County under this Service Contract for all matters related to the Contract Services notwithstanding the execution or terms and conditions of any Subcontract. No failure of any Subcontractor used by the Company in connection with the provision of the Contract Services shall relieve the Company from its obligations hereunder to perform the Contract Services. The Company shall be responsible for settling and resolving with all Subcontractors all claims arising out of delay, disruption, interference, hindrance, or schedule extension caused by the Company or inflicted on the Company or a Subcontractor by the actions of another Subcontractor. (D) Indemnity for Subcontractor Claims. The Company shall pay or cause to be paid to all direct Subcontractors all amounts due in accordance with their respective Subcontracts. No Subcontractor shall have any right against the County for labor, services, materials or equipment furnished for the Contract Services. The Company acknowledges that its indemnity obligations under Section 17.3 shall extend to all claims for payment or damages by any Subcontractor who furnishes or claims to have furnished any labor, services, materials or equipment in connection with the Contract Services. (E) Assignabili ty. All Subcontracts entered into by the Company with respect to the Facility shall be assignable to the County, solely at the County's election and without cost or penalty, upon the expiration or termination of this Service Contract. SECTION 19.8. ACTIONS OF THE COUNTY IN ITS GOVERNMENTAL CAPACITY. (A) Rights as Government Not Limited. Nothing in this Service Contract shall be interpreted as limiting the rights and obligations of the County under Applicable Law in its governmental or regulatory capacity (including police power actions to protect health, safety and welfare or to protect the environment), or as limiting the right of the Company to bring any action against the County, not based on this Service Contract, arising out of any act or omission of the County in its governmental or regulatory capacity. (B) No County Obligation to Issue Governmental Approvals. The County retains all issuance and approval rights it has under Applicable Law with respect to any Governmental Approval required with respect to the Facility, the Design/Build Work or the Operation Services, and none of such rights shall be deemed to be waived, modified or amended as a consequence of the execution of this Service Contract. The County shall not be 177 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions deemed to be in breach of or in default hereunder as a result of any delay or failure in the issuance or approval of any such Governmental Approval. SECTION 19.9. ASSIGNMENT. (A) By the Company. The Company shall not assign, transfer, convey, sell, lease, encumber or otherwise dispose of this Service Contract, its right to execute the same, or its right, title or interest in all or any part of this Service Contract or any monies due hereunder whatsoever prior to their payment to the Company, whether legally or equitably, by power of attorney or otherwise, without the prior written consent of the County. Any such approval given in one instance shall not relieve the Company of its obligation to obtain the prior written approval of the County to any further assignment. Any such assignment of this Service Contract which is approved by the County shall require the assignee of the Company to assume the performance of and observe all obligations, representations and warranties of the Company under this Service Contract, and no such assignment shall relieve the Guarantor of any of its obligations under the Guaranty Agreement, which shall remain in full force and effect during the Term hereof. The approval of any assignment, transfer or conveyance shall not operate to release the Company in any way from any of its obligations under this Service Contract unless such approval specifically provides otherwise. (B) By the County. The County may not assign its rights or obligations under this Service Contract without the prior written consent of the Company. The County may however, assign its rights and obligations under this Service Contract, without the consent of the Company, to another Governmental Body if such assignee assumes, and is legally capable of discharging, the duties and obligations of the County hereunder. SECTION 19.10. PRACTICABILITY OF PERFORMANCE OF THE FACILITY. The Design Requirements, the technology and the construction and management practices to be employed in the construction of the Facility and operation of the Facility as so improved are furnished exclusively by the Company pursuant to the terms of this Service Contract, and the Company assumes and shall have exclusive responsibility for their efficacy, notwithstanding the inclusion of design principles or other terms and conditions in the RFP or the negotiation of the terms of the Design Requirements, Acceptance Test Procedures and Standards, and Performance Guarantees between the Company and the County. The Company assumes the risk of the practicability and possibility of performance of the Facility on the scale, within the time for completion and in the manner required hereunder, and of reducing solid waste through the operation of the Facility in a manner which meets all of the requirements hereof, even though such performance and operation may involve technological or market breakthroughs or overcoming facts, events or circumstances (other than Uncontrollable Circumstances) which may be different from those assumed by the Company in entering into 178 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions this Service Contract, and agrees that sufficient consideration for the assumption of such risks and duties is included in the Fixed Design/Build Price and the Service Fee. No impracticability or impossibility of any of the foregoing shall be deemed to constitute an Uncontrollable Circumstance. SECTION 19.11. FACILITY TOURS. The Company shall conduct tours of the Facility during normal business hours and take visitors through such portions of the Facility as are suitable for such visitation in a manner which does not interfere with the Company's performance of its obligations hereunder as provided in Section 11.11. All visitors shall comply with the Company's safety rules. SECTION 19.12. COMPLIANCE WITH MATERIAL AGREEMENTS. The Company shall comply with its obligations under agreements of the Company which are material to the performance of its obligations under this Service Contract. The County shall comply with its obligations under agreements of the County which are material to the performance of its obligations hereunder. SECTION 19.13. BINDING EFFECT. This Service Contract shall inure to the benefit of and shall be binding upon the County and the Company and any assignee acquiring an interest hereunder consistent with Section 19.9. SECTION 19.14. AMENDMENT AND WAIVER. This Service Contract may not be amended except by a written agreement signed by the parties. Any of the terms, covenants, and conditions of this Service Contract may be waived at any time by the party entitled to the benefit of such term, covenant or condition if such waiver is in writing and executed by the party against whom such waiver is asserted. SECTION 19.15. NON-DISCRIMINATION. The Company, its Subcontractor and its suppliers in performing under this Service Contract shall not discriminate against any worker, employee or applicant, or any member of the public, because of race, color, religion, gender, national origin, age or disability nor otherwise commit an unfair employment practice. SECTION 19.16. NOTICES. (A) Procedure. All notices, consents, approvals or written communications given pursuant to the terms of this Service Contract shall be: (1) in writing and delivered in person; (2) transmitted by certified mail, return, receipt requested, postage prepaid or by overnight courier utilizing the services of a nationally-recognized overnight courier service with signed verification of delivery; or (3) given by facsimile transmission, if a signed original is deposited in the United States Mail within two days after transmission. Notices shall be deemed given only when actually received at the address first given below with respect to each party. Either party may, by like notice, designate further or different addresses to which subsequent notices shall be sent. 179 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions (B) Company Notice Address. Notices required to be given to the Company shall be addressed as follows: [Company Name Local Address] Attn: Facility Manager With a copy to: [Company Name-- National Address] Attn: (C) County Notice Address. Notices required to be given to the County shall be addressed as follows: Attn: With a copy to: Attn: [ ] SECTION 19.17. NOTICE OF LITIGATION. In the event the Company or County receives notice of or undertakes the defense or the prosecution of any Legal Proceedings, claims, or investigations in connection with the Facility, the party receiving such notice or undertaking such prosecution shall give the other party timely notice of such proceedings and shall inform the other party in advance of all hearings regarding such proceedings. SECTION 19.18. FURTHER ASSURANCES. The County and Company each agree to execute and deliver such further instruments and to perform any acts that may be necessary or reasonably requested in order to give full effect to this Service Contract. The County and the Company, in order to carry out this Service Contract, each shall use all commercially reasonable efforts to provide such information, execute such further instruments and documents and take such actions as may be reasonably requested by the other and not inconsistent with the provisions of this Service Contract and not involving the assumption of obligations or liabilities different from or in excess of or in addition to those expressly provided for herein. 180 487571.8 028493 AGMT Design, Construction and Operation of the Service Contract County of Hawaii Solid Waste Reduction Facility Article XIX - Miscellaneous Provisions [SIGNATURE PAGE FOLLOWS] 181 487571.8 028493 AGMT IN WITNESS WHEREOF the parties have caused this Service Contract to be executed by their duly authorized representatives as of the day and year first above written. COUNTY OF HAWAII, HAWAII ATTEST: COUNTY OF HAWAII, a municipal [Company] corporation Name: [Mayor] [Print Name - President] President, [Company Name] [Director, Department of Finance] Approved as to form: [County Corporation Counsel] ATTEST: ATTEST: [County Clerk] Printed Name: 487571.8 028493 AGMT HDW Draft of 3/4/08 ExEcuTIVE SummARY SERVICE CONTRACT FOR THE DESIGN, CONSTRUCTION AND OPERATION OF THE COUNTY OF HAWAII SOLID WASTE REDUCTION FACILITY The following represents a summary of certain significant terms and conditions of the Service Contract as negotiated by the parties as of March 4, 2008: Company: Wheelabrator Technologies Inc. (or a sole purpose entity wholly owned by Wheelabrator). Guarantor: Waste Management, Inc. a corporation organized under the laws of Delaware, and its successors and assigns. 1. Introduction. The proposed Service Contract (the "Service Contract") between the County of Hawaii (the "County") and Wheelabrator Technologies Inc., or a wholly owned subsidiary of Wheelabrator Technologies Inc., (the "Company") contains detailed provisions that address the full range of performance and risk issues associated with the design, construction, and operation of a solid waste reduction facility that produces energy (the "Facility"). This summary is a concise review of the major principles provided for in the proposed Service Contract. 2. Full Service. As a full service agreement, one company is responsible for the design, construction, and operation of the Facility. If performance problems occur, the County need only look to one entity for remediation, thus avoiding contests among multiple contractors over responsibility. 3. Term: The term of the Service Contract will commence upon the date that it is executed and extend until 20 years following the date that the Facility is accepted. The Service Contract may be extended for one five-year renewal term with the same terms and conditions applicable during the renewal term as during the initial term of the Service Contract. The parties must mutually agree to extend the Service Contract for the renewal term. As noted below, however, the Service Contract may be terminated prior to the end of the initial term or during the renewal term. 4. Contract Organization. The parties obligations are divided among the period between Service Contract signing and issuance of a notice-to-proceed with construction (the "Development Period"), the period after the issuance of the notice-to-proceed with construction through acceptance of the Facility (the "Construction Period") and the period after the acceptance date through the end of the operating term (the "Operating Period"). _ 5. Development Period: Following the execution of the Service Contract, the Company and the County will seek to fulfill certain responsibilities necessary to commence the construction of the Facility (the "Development Period Responsibilities"). The Company's initial responsibilities include performing certain permitting work, undertaking the Environmental Impact Statement (the "EIS") process, refining the Design Build Price, and assisting with the 1 537754.4 028493 SUM HDW Draft of 3/4/08 negotiations of the Power Purchase Agreement. The County's initial responsibilities include acting as lead agency for the EIS process and negotiating the Power Purchase Agreement. These initial responsibilities of the parties constitute the "Initial Development Period Responsibilities" or "Initial Development Period Work". Unless the County has terminated the Service Contract as discussed in Section 8 below, commencing 31 days following the certification of the EIS, the County must make good faith efforts to undertake the balance of its Development Period Responsibilities including to: (1) adopt the general bond resolution (and issue bonds upon completion of all other Development Period obligations of the parties); (2) execute the Power Purchase Agreement with the Power Purchaser; (3) execute the technology supply agreement with the Company; (4) obtain the governmental approvals for which it is responsible; (5) obtain certification of the Facility as a "Qualifying Facility" from the Federal Energy Regulatory Commission or self-certify as permitted by law; (6) obtain title to the site (if not already obtained); and (7) obtain all easements or other interests in real property as necessary for the Company to construct and operate the Facility. Unless the County has terminated the Service Contract as discussed in Section 8 below, commencing 31 days following the certification of the EIS, the Company must make good faith efforts to undertake the balance of its Development Period Responsibilities including, to: (1) complete any necessary testing of the site; (2) perform all design work needed to obtain all Governmental Approvals for which it is responsible; and (3) obtain all Governmental Approvals for which it is responsible which are necessary to commence construction. In addition, the Company is obligated to prepare a critical path method schedule, submit a construction payment and performance bond, submit evidence of the required insurance, and to deliver the technology supply agreement to the County. 6. Payment for Development Period Work. (a) Funding of Initial Development Period Work. The Company will fund the cost of the Company's Initial Development Period Responsibilities up to a maximum amount of $1,000,000 (including up to $250,000 of the County's third party costs in connection with the County's Initial Development Period Responsibilities). (b) Balance of Development Period Work. Unless the County has terminated the Service Contract as discussed in Section 8 below, the County will reimburse the Company for the Initial Development Period Work funded by the Company 31 days after following completion of the Initial Development Period, and the Company will be paid for the balance of its Development Period Work monthly based upon the completion of specified milestones. The total price for the Company's Development Period Work including its Initial Development Period Work is $5,159,023. 7. Refinement of the Design Build Price. During the first 180 day period following the Contract Date, the Company will, through an "open-book" process, refine its Fixed Design-Build Price. If the refined Design-Build Price is less than the initial Fixed Design-Build Price (as escalated), the County will realize sixty percent of such savings. If the refined Design- Build Price is between $1 and $7,500,000 more than the initial Fixed Design-Build Price (as 2 537754.4 028493 SUM HDW Draft of 3/4/08 escalated), the Company will fully absorb such excess costs and the County will only have to pay the initial Fixed Design-Build Price (as escalated). If the refined Design-Build Price is more than $7,500,000 above the initial Fixed Design-Build Price (as escalated), the County will have the option of absorbing the incremental increase (above $7,500,000) or terminating the Service Contract as discussed in Section 8(a) below. If the Service Contract is terminated during the period from the Contract Date through 30 days following the certification of the EIS (i.e., the end of the Initial Development Period) for the reasons stated in Section 8(a) below, the County will not have to reimburse the Company for any expenses which it funded. If the Service Contract is not terminated, the County will reimburse the Company for the Initial Development Period Work which it funded (provided, that the accelerated design work will be paid pro-rata over the balance of the remaining Development Period). 8. Termination of the Service Contract Dunne the Development Period. (a) Termination Without Payment to the Company. During the period of time from the Contract Date through 30 days following the completion of the Initial Development Period Work, the County shall have the right to terminate the Service Contract for the following reasons without any payment obligation to the Company: (i) within 30 days after the receipt of the refined Design Build Price regardless of the amount of the revised Design Build Price, (ii) at any time following the period described in (i) above, in the event the County reasonably determines that the County's assumptions (as agreed to by the Company) regarding the electricity power purchase agreement are not able to be achieved, (iii) within 30 days after the receipt of the Company's report detailing potential environmental concerns and appropriate mitigation measures with corresponding estimated costs, (iv) at any time in the event that the actual costs of necessary environmental mitigation measures exceed those contained in the Company's report, or (v) at any time during such period based upon material environmental concerns raised during the EIS process which have not been addressed in the Company's environmental report described in (iii) above. (b) Termination With Payment to the Company. In addition to the termination rights discussed in subparagraph (a) above, at any time during the Development Period the County has the right to terminate the Service Contract for any reason. If the County elects to terminate the Service Contract for convenience, the County will be required to reimburse the Company for 100% of the costs already incurred directly by the Company and any expenses paid or incurred to third parties directly related to the performance of the Company's Development Period obligations which have not previously been paid by the County up to the maximum amount of the Fixed Development Price ($5,159.03). (b) Event of Default. The County also has the right to terminate the Service Contract due to Company Event of Default, in which case it will not have to pay the Company, and the County will seek payment of damages by the Company. 9. Significant Development Period Responsibilities. 3 537754.4 028493 SUM HDW Draft of 3/4/08 (a) Financing of the Facility. The County must secure the funds necessary to pay the Design Build Price of the Facility. The County will own the Facility. (b) Power Purchase Agreement. The County must negotiate the Power Purchase Agreement which shall provide for the purchase of power by the Power Purchaser (HELCO) for all electrical output of the Facility net of Facility usage. If the final terms of the Power Purchase Agreement are less favorable than anticipated, the County can terminate the Service Contract as discussed in Section 8(a) above. In the event the Company does not perform its obligations under the Service Contract, and such failure is unexcused and causes a reduction in revenues or increases expenses to the County under the Power Purchase Agreement, the Company must reimburse the County for such loss in revenue or additional expense. (c) Governmental Approvals. The Company shall apply for and obtain governmental approvals necessary to commence construction, including Department of Health air and solid waste permits. 10. Design and Construction of the Facility. (a) Construction Period. Once the development period conditions are met, the County will issue the Company a notice-to-proceed and the construction period begins. The Company is obligated to complete the design and construct the Facility, and to successfully perform start-up and acceptance testing by the scheduled acceptance date which is anticipated to be 902 days following the first day of the construction period. If the Company fails to achieve acceptance of the Facility by such scheduled acceptance date and such failure is not excused by an uncontrollable circumstance, the Company will be liable for damages as described in paragraph 21 below. (b) Contract Standards. The Company is obligated to design and construct the Facility in accordance with (i) design and construction quality standards included in the Service Contract, (ii) requirements of applicable law, (iii) good engineering and construction practice, (iv) a design build quality management plan, and (v) applicable insurance requirements, among other standards. To achieve acceptance, the Company must demonstrate that the Facility will meet the operating performance requirements set forth in the Service Contract. (c) County Termination Options During the Construction Period. During the Construction Period, the County has the right to terminate the Service Contract upon a Company Event of Default and to pursue all remedies available to it in accordance with paragraph 21 below. 11. Warranties. The Company warrants to the County that the structures, improvements, fixtures, machinery, equipment and materials incorporated in the Facility and in all capital modifications to the Facility are new, of recent manufacture, of good quality and free from faults and defects, suitable for its intended purpose and in conformance with the technical specifications and the contract standards. These warranties will stay in effect for five years following the Acceptance Date, except that the warranty against latent defects will terminate upon the expiration of the Service Contract. No failure of a warranted structure, improvement, fixture, machinery, equipment or material shall be the cause for an increase in the service fee 4 537754.4 028493 SUM HDW Draft of 3/4/08 payable by the County or non-performance of the contract services unless such failure is attributable to an uncontrollable circumstance or County fault. 12. Start-Up and Acceptance Testing of the Facility. (a) Start-Up. Start-up and acceptance testing of the Facility must occur by the end of the construction period. The Company will provide the County with at least 30 days prior notice of its substantial completion of construction of the Facility and the commencement of start-up operations at the Facility in preparation for acceptance testing the Facility. During start- up operations at the Facility, the County is obligated to deliver waste to the Facility in amounts requested by the Company in order for the Company to conduct its start-up and commissioning operations. During this period the Company will not receive the service fee, but will receive $100 from the County for each ton of waste combusted at the Facility. (b) Acceptance Testing. The Company will begin acceptance testing the Facility after substantial completion and start-up of the Facility. The acceptance tests will assure the County that the Facility is physically complete and that it "works". The acceptance tests and standards include electricity production tests, throughput capacity tests, residue tests, and emissions tests. The Company will be obligated to give the County a series of notices and certifications prior to and during the acceptance tests, including notice of the quantity of waste needed for performance of the acceptance tests. As with start-up, the County will be obligated to deliver acceptable waste to the Facility for acceptance testing. Acceptance will not occur until the Company certifies that the acceptance date conditions have been met and the County's consulting engineer concurs with such certification. (c) Extension Period. The Service Contract provides for a 1 year extension period following the scheduled acceptance date for the Company to achieve acceptance if the Company is unable to do so by the scheduled acceptance date. During the extension period, the Company is obligated to dispose of all acceptable waste that is not processed at the Facility, the County is responsible for paying the Company the service fee, and the Company must pay the County damages for any failure to meet the Facility performance guarantees. (d) Acceptance at a Reduced Standard. At the end of the extension period, the Service Contract allows the Company to establish acceptance at a standard less than the full acceptance standard, subject to certain limits. If acceptance is established at a lower standard for any reason other than the occurrence of an uncontrollable circumstance or a capital modification, the Company may be required to pay the County "throughput capacity liquidated damages". In such event the Company's waste processing throughput guarantee and the County's waste delivery obligations shall be adjusted downward. (e) Failure to Meet Acceptance Standard. It will be an event of default by the Company if by the end of the Extension Period the acceptance date has not occurred. As such, the County will have the right to terminate the Service Contract. 13. Design Build Price. (a) Design Build Price. The Company's Design Build Price of $125,485,000 consists of the fixed development period price and the fixed construction price. 5 537754.4 028493 SUM HDW Draft of 3/4/08 (b) Development Work Price. The Company will be paid for the development period work and the design build work on a milestone basis. The fixed development period price is $5,159,023 plus (or minus) any adjustments allowable under the Service Contract (including escalation), including adjustments due to County approved change orders or as a result of the Company submitting a refined Design Build Price as set forth in Section 7. (c) Construction Price. As compensation for the construction of the Facility the County will pay a fixed construction price. The fixed construction price is $120,325,977 plus (or minus) any adjustments allowable under the Service Contract (including escalation), including County approved change orders or as a result of the Company submitting a refined Design Build Price as set forth in Section 7. The Company will invoice the County monthly based upon a milestone schedule and subject to a maximum drawdown schedule. 14. County Waste Delivery Commitment. Beginning on the acceptance date, the County will be required to deliver 85,000 tons of processible waste to the Facility each contract year. If the County fails to deliver such amount of processible waste in any contract year, the County will pay waste delivery shortfall damages as further described in Section 23 below. 15. Company's Throughput Guarantee. The Company is obligated to receive and process at the Facility all processible waste delivered by or on behalf of the County in each contract year up to the annual Facility throughput guarantee of 85,000 tons for processible waste with an annual average higher heating value of 4,800 Btus per pound (the "Annual Throughput Guarantee"). The Company has agreed to process predetermined amounts of waste each billing period (the "Billing Period Throughput Guarantee") in amounts totaling the annual waste processing throughput guarantee of 85,000 tons. The Company may refuse delivery of waste that is considered non-processible waste, processible waste delivered during off hours, processible waste that cannot be combusted or stored at the Facility on account of a shutdown at the Facility due to the occurrence of an uncontrollable circumstance or County fault, or processible waste delivered in excess of the Billing Throughput Guarantee or the Annual Throughput Guarantee. The Company is obligated, however, to use commercially reasonable efforts to combust all processible waste delivered to the Facility by or on behalf of the County. The Company shall perform its obligations under the Service Contract in compliance with all applicable laws. 16. Electricity Production Guarantee. Following acceptance of the Facility, the Company must operate the Facility so that it produces a minimum annual average of 520 kWh of electricity per ton of waste (within an annual average higher heating value of 4,800 Btus per pound) processed each contract year (the "Annual Electricity Production Guarantee"). 17. Environmental Guarantee. The Company will be obligated to operate the Facility in conformance with strict environmental standards equal to or more stringent than those standards included in the operating permit. The Facility will not be allowed to operate, unless all necessary permits have been obtained. If at any time the Company fails to comply with the environmental guarantee, the Company will be obligated to make all necessary operating and capital modifications at is cost and to pay damages as set forth in Section 23 below. 6 537754.4 028493 SUM HDW Draft of 3/4/08 18. Residue Guarantee. The Service Contract requires that the Company comply with a residue guarantee which guarantees that the ash resulting from processing waste will contain only limited combustible matter, will not contain excess moisture, and will not be hazardous. Failure to meet this guarantee will result in the Company's liability to the County as described in Section 23 below. 19. Transportation and Disposal of Residue. The Company will be responsible for the storage and transportation of residue to the disposal facility so designated by the County. The County's Pu'uanahulu Landfill shall be the initial residue disposal site designated by the County. 20. Facility Maintenance. The Company is obligated to maintain the Facility so that it is in good working order, condition and repair. The Company must keep the site in a neat and orderly condition. In addition, the Company must perform major maintenance, repairs and replacement at the Facility. The Company will bear the costs and expense of all maintenance, repairs and replacements unless otherwise provided in the Service Contract. The Company must return the Facility to the County in good condition and with a stated weighted average remaining useful life. The County will have the option of performing audits and tests during the Term to ensure that the Facility is being maintained properly. 21. Capital Improvements. The County may generally elect whether any capital improvements to the Facility will be made, provided, however, that the County may not withhold its approval of a capital modification necessary for the Company to meet the contract standards, if such modification would not interfere with the operation of the Facility and the Company pays for such capital modification. 22. Service Fee. The County will pay the Company a monthly service fee starting on the acceptance date. The service fee will be based on a formula consisting of stated components. The components of the service fee are as follows: (i) One twelfth of a base operation fee of $7,129,685, as escalated in accordance with the consumer price index ("CPI") each contract year, as compensation for providing operation services which include combusting 85,000 Tons of processible waste each year. To the extent the Company combusts more than 85,000 Tons of processible waste in a contract year, the Company will receive an excess operation fee equal to $63.19 per ton for each ton of waste combusted in excess of such amount. The excess operation fee shall be escalated each contract year in accordance with the CPI; (ii) Pass through costs based on cost substantiation for things such as operation insurance, utilities and certain required chemicals (up to guaranteed limitations), local fees, fees for propane gas (up to a guaranteed limitation), costs associated with the handling of hazardous material, and transportation and disposal costs for excess processible waste and non-processible waste; (iii) An energy revenue credit; and 7 537754.4 028493 SUM HDW Draft of 3/4/08 (iv) any deductions for liquidated damages and reimbursements owed to the County as more fully described in Section 23 below, plus any adjustments to the service fee resulting from any capital improvements to the Facility. 23. Non-Performance Damages and Remedies. (a) Damages Due to Compliance with Environmental Guarantee. If the Company fails to comply with the environmental guarantee, and such failure is not the result of an uncontrollable circumstance, the Company shall immediately correct the problem and eliminate the cause of such failure. If such unexcused failure results in any permit violations the Company must pay all related damages, fines, assessments, or other charges resulting from such failure. (b) Damage Adjustment to Account for Waste Btu Content Outside Design Range. The Company will be liable to the County for damages for any unexcused failure to meet the monthly waste throughput guarantee or the electricity production guarantee (which shall be reconciled annually). Such damages will compensate the County for the use of the County Landfill and for lost electricity revenues. The Company will not be liable to the County for any damages if the Company can demonstrate that such failure resulted from circumstances outside of their control. (c) Damage Adjustments to Account for Waste Shortfalls. As noted in Section 15 above, the County must deliver 85,000 tons of processible waste to the Facility each contract year. If the County fails to deliver such amount of processible waste in any contract year, the County will pay the Company waste delivery shortfall damages which compensate the Company for its lost energy revenues. 24. Company Events of Default. (a) No Cure Opportunity. The following will be considered events of default by the Company, giving the County the right to terminate the Service Contract and collect damages without providing Company notice and an opportunity to cure: (i) The unexcused failure to obtain the security instrument described in Section 27; (ii) The unexcused failure to achieve acceptance prior to the end of the extension period; (iii) The insolvency of the Company or the Guarantor or the involuntary or voluntary filing of bankruptcy by the Company or the Guarantor; (iv) The default of the Guarantor; and (v) Substantial exhaustion of the liability of the Guarantor. 8 537754.4 028493 SUM HDW Draft of 3/4/08 (b) Notice and Cure Opportunity. The following will be considered events of default by the Company, giving the County the right to terminate the Service Contract and collect damages following notice to the Company and a reasonable cure period: (i) Any representation or warranty of the Company under the Service Contract or the Guarantor under the Guaranty Agreement was materially false or inaccurate when made and the legality of the Service Contract, the Guaranty Agreement or the ability of the Company or the Guarantor to carry its obligations thereunder is adversely affected; or (ii) the Company fails, refuses or otherwise defaults in its duty to (x) pay an amount required to be paid under the Service Contract within 60 days following its due date or (y) perform any material obligation under the Service Contract, (unless excused on account of the occurrence of an uncontrollable circumstance or County fault). 25. Termination for Convenience. The County has the right to terminate the Service Contract for convenience without cause at any time following times set forth below: (i) During the Development Period as described in Section 5 above; (ii) During the Operating Period the County pays any amounts already due the Company plus $3,000,000 (plus a declining percentage of any of the $7,500,000 absorbed by the Company described in Section 7 above), reduced by 1/240 of such amount for each month that has elapsed following the acceptance date; however, during the renewal period the convenience termination fee is zero. (iii) following a total constructive loss of the Facility on account of an uncontrollable circumstance the County must pay any fees already accrued and payable to the Company, but not the $3,000,000 (plus absorbed costs) fee set forth above. 26. Liability. The Company will be liable for performance and termination damages up to 125% of the Fixed Design-Build Price through design, construction, start-up, acceptance testing and the second anniversary of the acceptance date. The Company will be liable for performance and termination damages up to 30% of the Fixed Design-Build Price following the second anniversary of the acceptance date. The Company will also be responsible for all design, construction or operating overruns, claims, losses and liabilities to third parties; fines and penalties paid to Governmental Bodies; and, indemnification of the County for third party claims due to Company fault, without limitation. 27. Security. The Company will provide the following security: (a) Parent company guaranty guaranteeing the performance and payment obligations of the Company. (b) Letter of credit equal to $10,000,000 by the Guarantor in the event there is a material decline in the parent guarantor's credit rating rendering the Guaranty's credit rating below investment grade. 9 537754.4 029493 SUM HDW Draft of 3/4/08 (c) During the Construction Period, the Company shall provide a construction payment and performance bond equal to the fixed construction period price. (d) During the Operating Period, the Company shall provide a letter of credit in the stated amount of $2,000,000. 28. Risk Sharing and Uncontrollable Circumstances. The Service Contract allocates risk in the event of an occurrence of an uncontrollable circumstance which is an act, event or condition that is beyond the reasonable control of the parties: If an uncontrollable circumstance materially expands the scope of a parry's obligations, materially interferes with, materially delays or materially increases the cost of the party's performing its obligations under the Service Contract, the party is entitled to relief from its performance obligations under the Service Contract, an extension of schedule or an increase of the design build price or the service fee or any combination of those things, which properly reflects the interference with performance, the time lost or the amount of the increased cost. The party affected by an uncontrollable circumstance must take reasonable measures to mitigate the effects of such uncontrollable circumstance. Examples of uncontrollable circumstances might be changes in law, the discovery of hazardous materials at the site, the discovery of lava tubes at the site, volcanic eruptions and tsunamis. The Service Contract expressly provides that certain things will not be considered uncontrollable circumstances and, therefore, will be the Company's risks including, but are not limited to: labor disputes involving employees of the Company, its affiliates or subcontractors; subsurface conditions at the site, other than lava tubes or similar holes; and weather conditions normal for the County. 29. Miscellaneous Provisions. The Service Contract incorporates additional protections in the form of insurance provisions requiring that the Company maintain adequate insurance for the Facility at all times; indemnity provisions, whereby the Company and County mutually agree to indemnify the other for any loss or expense incurred due to fault or negligence; and limitations on assignments of the Service Contract. The forum for disputes will be in the Hawaii state courts located in Hawaii County. 10 537754.4 028493 SUM Harry Kim i' William Takaba Mayor Director Nancy E. Crawford • Deputy Director County of Hawaii Finance Department 25 Aupuni Street Room 118 • Hilo, Hawaii 96720 (808) 961-8234 • Fax (808) 961-8248 March 4, 2008 Mark A. Weidman, President Wheelabrator Technologies, Inc. 4 Liberty Lane West Hampton, NH 03842 Reference: RFP Number 2210 Waste Reduction Facility Design-Build Operate Project The Evaluation Committee ("Committee") evaluated the Stage 2 Proposal submitted on April 13, 2007 by Wheelabrator Technologies, Inc., together with its Best and Final Offer (BAFO) of January 31, 2008, and subsequent negotiations and proposals. At its meeting on February 25, 2008, the Committee agreed that the documents received are complete and sufficiently detailed. After conducting a thorough review of the proposal and offer, with input from the County's legal and technical consultants, Hawkins Delafield & Wood LLP and R.W. Beck, Inc., the Committee recommended the following: • That an award of a contract be made to Wheelabrator Technologies, Inc., subject to Hawaii County Council approval of a resolution that would authorize a multi-year contract. • That "financing be done either through General Obligation Bonds, Revenue Bonds, or any other appropriate financing mechanism, subject to approval by the Council." In its recommendation, the Committee stated that although capital costs are higher than previously estimated, there are significant safeguards that limit the County's liability and that the proposal is worth pursuing. Further, the contract allows the County Council to initiate cancellation with no penalty to the County after: • Final construction costs and revenues are determined in six months; or • The environmental impact statement is completed and the County is not satisfied with its findings. Hawaii County is an equal opportunity provider and employer. Mr. Mark A. Weidman Page Two March 4, 2008 As the County's chief procurement officer, I hereby accept the Committee's recommendations and am pleased to award Wheelabrator Technologies, Inc. the Waste Reduction Facility Design- Build-Operate Project, RFP No. 2210. Should you have any questions, please contact me. Thank you very much. Sincerely yours, William Tak ba Director of Finance cc: Harry Kim, Mayor Bobby Jean Leithead-Todd, Director Rick Sapir, Hawkins Delafield Wood LLP Kyle Rhorer, R.W. Beck, Inc. Craig Masuda, Deputy Corporation Counsel Harry Kim rP!r u~ y William Takaba Mayor Director • Nancy E. Crawford re nib~'~ Deputy Director County of Hawaii Finance Department 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 (808) 961-8234 . Fax (808) 961-8248 MEMORANDUM DATE: March 4, 2008 TO: File FROM: William Taka Director of Finance RE: RFP 2210 Waste Reduction Facility Design-Build-Operate Project Wheelabrator Technologies, Inc. was the only responsible offeror submitting an acceptable proposal to Stage 2 of the referenced Request for Proposal. We have determined that the submitted price and terms are fair and reasonable and that other prospective offerors had reasonable opportunity to respond. Pursuant to Hawai'i Administrative Rules, §3-122-59(a)(1) (Waiver to competitive sealed proposal process) award may be made. Hawaii County is an equal opportunityprovider and employer. Message Page 1 of 2 Talkaba, Bill From: Eric Sapir [ESapir@Hawkins.com] ,ant: Tuesday, March 04, 2008 7:02 AM To: Leithead-Todd, Bobby Jean; Takaba, Bill; Rhorer, Kyle Cc: Stephanie Kosmos Subject: FW: 180 Days As discussed in previous email. -----Original Message----- From: O'Friel, Michael [mailto:mofriel@wm.com] Sent: Tuesday, March 04, 2008 11:48 AM To. Eric Sapir Cc: Ristau, Jack Subject: Re: 180 Days We agree to tie PPA pricing out to end of EIS process. Original Message From: Eric Sapir <ESapir@Hawkins.com> To: O'Friel, Michael Cc: Ristau, Jack Sent: Tue Mar 04 10:01:14 2008 Subject: RE: 180 Days Mike, Inctead of tying it to the date that the old schedule had for the end of the EIS process, I think it would make more sense to be consistent with resentation to the Council which tied it to the end of the EIS process (which I think you estimated would only be 2 or 3 months later than me schedule which you previously provided). I spoke with Jack this morning and he said that he was talking with Matt (your permitting guy) about providing us a schedule and description of work that will be done relating to the EIS work and the permitting work. Also, while I agree with your comment in the last bullet, I raised the concern to Jack that if the Development Schedule begins approaching the time period (4 years) that would allow either party to terminate, we would want to consider making that period longer. -Rick -----Original Message----- From: O'Friel, Michael [mailto7mofHel(a~wm.com] Sent: Monday, March 03, 2008 11:28 PM To: Eric Sapir Subject: 180 Days This was based on when the EIS would have been final under the old schedule. As you said we don't need to wait until PUC approval. r******rr+*****+*r++***rtrt++*******r++****r++****rttr+**rtrr+++++*** IRS CIRCULAR 230 DISCLOSURE. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in the communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any saction or matter addressed herein. r******+rr*+r++****r++++*rtrtrtt++++*rt+*+++****rtrtt+++++rtrtrtt+**+**r++ This e-mail, including any attachments, is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments, 3/4/2008 Message Page 2 of 2 destroy any printouts that you may have made and notify us immediately by return e-mail. Thank you. _ _S CIRCULAR 230 DISCLOSURE. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in the communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. This e-mail, including any attachments, is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments, destroy any printouts that you may have made and notify us immediately by return e-mail. Thank you. 3/4/2008 P. i Communication Result Report ( Mar. 4. 2008 2:05PM t t t 1) COH PURCHASING 2) e/Time: Mar. 4. 2008 2:05PM File Page No. Mode Destination Pg(s) Result Not Sent 3328 Memory TX 916039293135 P. 3 OK Reason for error E.1) Hang uo or line fail E.2) Busy E.3) No n...r E.4) No facsimile connection E.5) Exceeded max. E-mail size HAAETIDI YOB T.TJ ,ys D;,®r I w.oa o.~r nygn~ County of Hawaii i DEPARTMENT OF FINANCE iACEWOI YLENSMIITLL Si®8} nb: ,e Mark A. Weidman, w.7GamT2kaba,Doamrof Pxudeot Pman¢ Wbed br,d rTbandog!M i~ MAR 4 2608 ' ..SNW®. ,O.LL.NO.eINLHO~aowaCP'W (603)929-,31M~ ! REPN n1a-WAS1R *o~•se.aa.,a,em. •P.ovcrnNFACUJTYD M- i wOD OPERATE Pomp= o ro3....avai ?.or~~F o,aa.aaE® oroa uvuF•ooumrr Oeoaawa33Anov O.oa quorAx®e+ Do3,~ ao,v,rmnmm Ia rdard Ma.ch4.20 3f.Ub ShoW ouba.eanyquenim3,pbve.Imes "%1$214. Thanky. ! a A...rada, mw . 110„11-2 N+D4m (A)361an3 . r.lacgf3aw Ir.a d.o: ~.a.a+r~rr P.:A.r ~.,n vv or HARRY KIM e'" }g William T. Takaba Mayor Director •i'•. Nancy E. Crawford OM•o~YN':?~ Deputy Director County of Hawaii DEPARTMENT OF FINANCE FACSIMILE TRANSMITTAL SHEET TO: FROM: Mark A. Weidman, William Takaba, Director of President Finance Wheelabrator Technologies, Inc. DATE: MAR 4 Z-U88 FAX NUMBER: TOTAL NO. OF PAGES INCLUDING COVER: (603) 929-3135 PHONE NUMBER: SENDER'S REFERENCE NUMBER: RFP NO. 2210 = WASTE YOUR REFERENCE NUMBER: REDUCTION FACILITY DESIGN- BUILD OPERATE PROJECT ? FOR APPROVAL ? FOR EXECUTION ? AS REQUESTED ? FOR REVIEW & COMMENT ? FOR INFORMATION ? FOR QUOTATION ? OTHER NOTES/COMMENTS: Letter dated March 4, 2008 follows. Should you have any questions, please call me at (808) 961-8234. Thank you. 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720.4252 (808) 961.8234 . Fax (808) 961-8248 Hawaii County is an equal opportunity provider and employer. NOTICE OF A WARD REQUEST FOR PROPOSAL NO. 2210 TO DESIGN, BUILD, AND OPERATE A WASTE REDUCTION FACILITY IN HILO Award for the subject proposal has been made to: WHEELA ORATOR TECHNOLOGIES, INC. Contract Amounts; *$Z25,485,000 (Design-Build) **$7,129,6851Yr. (Operating Fee) 3 LAnnual e Hawaii County Council of multi-year agreement. nd construction escalation index adjustments at time . mer Price Index (CPI) adjustments. i DATE OF A WARD., MARCH 4, 2008 DATE POSTED; MARCH 4, 2008 Haivai'i County is an Equal Opportunity Provider and Employer 11W 1W 1W 1W 1W IMF 1W 1W 1W W W 1w1w] WRFTimetab1e080304.x1s WASTE REDUCTION FACILITY 31412008 11:34 AM RFP #2210 NO. ACTIVITY DATE 1 Hardin ESE Completed Solid Waste Integrated Management Plan. 12/31/02 2) County Council asked DEM to research and solicit proposals for WRF. Prior to 7/21/05 3 Retained Hawkins Delafield & Wood LLP 7121/05 4 Retained R.W. Beck, Inc. Oct. 2005 5) Environmental Management Committee endorsed Statement of Purpose and Need and 10/17/05 Project Team recommendations. 6 R.W. Beck prepared Waste Reduction Technology Assessment. 11/28/05 Determined that based on ISWMP and the updated Waste Reduction Technology 7) Assessment, the "Acceptable Technologies" are: waste-t-energy (bass burn), Waste-to- 11/28/05 energy refuse derived fuel), and Thermal gasification (pyrolysis and conventional. 8) Prepared and issued Stage 1 RFP. Direct mail (120+), website postings, HTH, WHIT, 12/28/05 Advertiser, Waste News, Waste Age. 9 Conducted pre-proposal meeting and site tour. 1/18/06 10 Issued Addendum No. 1 to Stage 1 RFP. 2/6/06 11) Executive session with County Council: General recap, Stage 1 RFP, Waste Reduction 2/28/06 Technology Assessment, EISPN, schedule. 12 Issued Addendum No. 2 to Stage 1 RFP. 3/7/06 Wayne Rifer, Rifer Environmental, documented decisions regarding the waste reduction 13) technology evaluation and procurement. The solid waste advisory committee decided that the 4/5/06 following technologies chould be carried forward: Waste-to-energy (combustion), Thermal Gasification, and Anaerobic Digestion. 14 R.W. Beck revised Waste Reduction Technology Assessment. 4/10/06 15 Received statements of qualifications from 12 companies. 4/20/06 16) Evaluation Committee met and selected Covanta Energy Corporation, L-Con Constructors, 4/28/06 Wheelabrator Technologies, Inc. to be short-listed. 17) Geometrician, Inc. completed EISPN process and report. April 2006 18) Executive session with County Council: General recap, Stage 1 proposal evaluation findings, 5/1/06 shortlist recommendation, schedule. 19 Posted public notice of shortlistin . 5/1/06 F 20 Prepared and issued Stage 2 RFP. 10/16/06 21) Executive session with County Council: Update, Stage 1 proposal evaluation findings, 5/1/06 shortlist recommendations, schedule. 22 Issued Addendum No. 1 to Stage 2 RFP. 1/19/07 23 Issued Addendum No. 2 to Stage 2 RFP. 2/8/07 24 Issued Addendum No. 3 to Stage 2 RFP. 3/15/07 25) Executive session with County Council: Recap and update, Stage 2 proposal evaluation findings, financial implications, next steps. 7/10/07 26) Solicited and incorporated comments from short-listed firms on draft Stage 2 RFP. 8/06 - 10/06 27 Issued Stage 2 RFP. 10/16/07 28) Received two proposals: Wheelabrator Technologies, Inc. & Covanta Energy Services, Inc. 4/16/07 Proposals evaluated by consultants and evaluation committee in accordance with Stage 2 29) RFP. Proposal submitted by Covanta was incomplete and non-responsive based on the 4/18/07 Stage 2 RFP requirements. 30) 1 Wheelabrator responded to clarification questions received and included in evaluation 6/1/07 process. 31 Evaluation Committee held proposal clarification meeting with Wheelabrator. 6/4/07 Evaluation Committee recommended that the administration proceed to negotiate a best and 32) final offer with Wheelabrator and that financing be done either privately or with revenue 7/9/07 bonds. 33) Executive session with County Council: Recap and update, Stage 2 proposal evaluation 7/10/07 findings, financial implications and options. WRFTimetab1e080304.xl$ WASTE REDUCTION FACILITY 3/4/2008 11:34 AM RFP #2210 NO. ACTIVITY DATE 34) Council members Naeole, Higa, and Hoffmann visited Wheelabrator WTE facilities in Oct. 2007 Connecticut, Florida, and Germany. 35) Legal consultants conducted due diligence investigations of Wheelabrator, and discussions Oct. - on power purchase agreement with HELCO. Nov. 2007 36) Executive session with County Council: Recap and update, recent project activities, 12/5/07 ,presentation b Wheelabrator Technologies, Inc., next steps. 37 Wheelabrator finalized Best and Final Offer and submitted to County. 1/31/08 38) Executive session with County Council: Suggested we make award, then obtain approval for 2/21/08 multi-year contract with Wheelabrator. Council agreed. Evaluation committee met to act on Best and Final Offer. Accepted, with additional 39) concessions from Wheelabrator that Jack Ristau agreed to at Council Executive session on 2/25/08 2/21/08. 40 Evaluation committee submitted recommendation to Finance Director, William Takaba. 2/27/08 41) Finance made award to Wheelabrator, conditioned upon multi-year award be approved by 3/4/08 Coun Council. 42 Award posted. 3/4/08