Document:

Exhibit 10.6

 

Phoenix Motorcars Factory Direct Representative
Agreement

 

This Phoenix Motorcars Factory Direct Representative Agreement (the
 “Agreement”) is made and entered into as of February 22nd, 2019, (the “Effective Date”) by and between Phoenix
Cars, LLC, having its offices at 401 S. Doubleday Avenue, Ontario, CA 91761 (“PMC”), and Creative Bus Sales, Inc. (“FACTORY
REP”), having a headquarters at 14740 Ramona Avenue, Chino, CA 91710, for themselves and on behalf of all of their successors and
assigns. Each of PMC and FACTORY REP shall be referred to herein as a “Party”, and together as the “Parties”.

 

Recitals

 

WHEREAS, PMC is a manufacturer of all-electric
powertrain and has experience in manufacturing and supplying all-electric powertrain buses for sale in the US market. PMC wishes to supply
its models (“Vehicles”) in all the territories, as defined in this agreement, through FACTORY REP as its Authorized Factory
Direct Representative;

 

WHEREAS, FACTORY REP has the experience in the
transportation sector specifically in the sales, parts distribution and as a service provider of all types of vans and buses and wishes
to act as the exclusive Authorized Factory Direct Representative for PMC’s Vehicles; and

 

WHEREAS, PMC desires to appoint
FACTORY REP as its Authorized PMC Factory Direct Representative to represent, sell, distribute, and service its vehicles pursuant to the
terms and conditions of this Agreement, and FACTORY REP accepts such appointment.

 

NOW, THEREFORE, in consideration of the mutual
covenants, terms and conditions set out herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereby agree as follows:

 

		1.	APPOINTMENT AND ACCEPTANCE OF AUTHORIZED PMC FACTORY DIRECT REPRESENTATIVE

 

1.1           PMC
hereby appoints FACTORY REP, and FACTORY REP hereby accepts the appointment, as its Authorized Factory Direct Representative of Vehicles
(as defined in Section 1.3 below) in the Territory (as defined in Section 1.2 below). In furtherance thereto, PMC hereby grants
to FACTORY REP the right to represent, market, distribute, sell, rent, lease, service and otherwise dispose (collectively, "Represent"
or “Representation”) the Vehicles, in the Territory.

 

1.2           “Territory”
shall mean the exclusive appointment of the FACTORY REP for all states in the United States, including Hawaii and Alaska.

 

1.3           “Vehicles”
shall include all current models and variations built with body types manufactured by Forest River Inc. subsidiaries. FACTORY REP may
purchase or order all models of Vehicles produced by PMC, its subsidiaries, and their respective successors, including all next generation
and newly developed models, together with all parts, components, accessories, and equipment thereof or subsidiaries, and their respective
successors, directly or indirectly, produce, convert, assemble, or manufacture presently or may in the future produce, convert, assemble,
or manufacture. FACTORY REP shall be given the First Right of Refusal to exclusively represent and distribute any new products that PMC
develops.

 

     

     

    

 

1.4           PMC
hereby grants to the FACTORY REP during the term of this Agreement the fully- paid up and royalty free, non-transferable right and license
to use the trademarks, trade names, service and other manuals, copyrighted materials, and other marketing and technical information (to
the extent that utilization of such technical information does not impinge on the intellectual property rights of PMC) associated with
Vehicles in connection with and in furtherance of FACTORY REP’s Representation of Vehicles. PMC requires that the FACTORY REP abide
by PMC guidelines for brand usage and PMC approval of all related images, marketing and advertising collateral.

 

		1.5	The Parties mutually agree to the following Sales Target for the initial term:

 

		·	80 vehicles commencing on April 1st, 2019, up to December 31st,
2019.

		·	180 vehicles on January 1st, 2020 up to December 31st,
2020.

		·	240 vehicles on January 1st, 2021 up to December 31st,
2021.

 

1.6           After
the conclusion of the initial term, this agreement will be renewed based on conditions set out in section 8.1. New annual sales targets
will be agreed on 60 days prior to the renewal. The Parties agree that increases in annual sales targets shall be reasonable, and the
determination of reasonableness shall be based on historic practice.

 

		2.	GENERAL RESPONSIBILITIES OF FACTORY REP

 

2.1           In
consideration of the rights granted to it under this Agreement and subject to the terms and conditions of this Agreement, FACTORY REP
shall provide the following:

 

a.             FACTORY
REP shall promote, market and sell PMC’s Vehicles in the Territory during the term of this agreement.

 

b.            FACTORY
REP shall secure and maintain necessary permits and licenses for the operation of its business as contemplated by this Agreement. PMC
shall assist FACTORY REP in obtaining and renewing any such permits and licenses.

 

c.             FACTORY
REP shall assist customers with evaluating charging infrastructure needs in conjunction with PMC.

 

d.            FACTORY
REP shall offer the customer the specific Electric Vehicle Supply Equipment (EVSE) as approved by PMC.

 

e.             FACTORY
REP shall handle all California HVIP applications and other state voucher incentive programs as needed.

 

		f.	FACTORY REP shall assist customers with all title and registration requirements.

 

		3.	TERMS OF SALE AND PURCHASE OF VEHICLES

 

3.1           In
the event of discontinuation of a Vehicle model, PMC shall fully support FACTORY REP with the discontinuation campaign, including,
but not limited to, ongoing support for those discontinued Vehicle models as well as introduction of a new vehicle model in its
place, if PMC so determines to introduce a new model. PMC fully understands the importance of developing and bringing new vehicle
models to the market either as replacements for discontinued models or as newly introduced vehicle models as this effort relates to
the financial well-being and growth of both PMC and FACTORY REP.

 

     

     

    

 

3.2           PMC
agrees to assist FACTORY REP, as FACTORY REP may reasonably request based on prevailing industry practices in the marketing and launch
of Vehicles and on-going Representation of Vehicles as communicated by FACTORY REP to PMC or as may be agreed by the Parties from time
to time.

 

		4.	PURCHASE ORDERS

 

4.1           FACTORY
REP shall submit all Purchase Orders and customer requirements in written form via e-mail, U.S. mail, or via an agreed upon processing
system. The Purchase Order represents the ordering dealer’s or buyer’s offer to purchase Vehicles under the terms and conditions
of the Purchase Order. PMC may, in its sole discretion, accept or reject any Purchase Order within ten (10) business days of receipt
of the Purchase Order. PMC may accept any Purchase Order by confirming the order (whether by written confirmation, invoice or otherwise)
or by delivering the Vehicle, whichever occurs first. No Purchase Order is binding on PMC unless accepted by PMC as provided in this Agreement.
FACTORY REP has the right to cancel or amend any Purchase Order on behalf of any purchaser if within ten (10) business days of PMC’s
receipt of the Purchase Order FACTORY REP notifies PMC in writing of such amendment or cancellation

 

4.2           Each
Purchase Order for the Vehicles shall constitute a separate contract, and any default, breach, or failure, including failure of timely
delivery or payment, by PMC, FACTORY REP, or its dealers or ultimate buyers of Vehicles in relation to any individual Purchase Order shall
not entitle a Party to treat this Agreement as terminated or breached.

 

4.3           PMC
will provide the FACTORY REP with a standard form of Order Form, Customer Requirement Form and Change Request Form.

 

		5.	SHIPMENT AND DELIVERY OF VEHICLE(S)

 

5.1           PMC
agrees to provide a delivery schedule for the Vehicle(s) pursuant to the Purchase Order accepted by PMC. All Vehicles shall be affixed
with all required labels and place in the compartments required documentation, publications, and other required materials, all of the
forgoing in compliance of the applicable Federal and State Laws and regulations related to delivery and sale of new Vehicles in applicable
markets. PMC and Factory Rep are equally responsible for determining compliance with applicable federal and state laws in order to sell
vehicles manufactured by PMC. The Parties will mutually agree on what is needed in order to sell and deliver vehicles in order to guarantee
compliance with such federal and state laws and regulations. For the avoidance of doubt, FACTORY REP is not responsible for PMC’s
compliance with any applicable manufacturing standards and specifications required by applicable law for the manufacture of any vehicles
manufactured by PMC. PMC shall timely deliver applicable Manufacturer's Statement of Origin (MSO) / Manufacturer's Certificate of Origin
(MCO) for each Vehicle to facilitate sale of Vehicles upon Vehicle delivery.

 

5.2           FACTORY
REP shall, in respect to each Purchase Order for the Vehicles to be supplied under this Agreement, be responsible for ensuring the
accuracy of each Purchase Order and FACTORY REP will be responsible for any costs arising from any inaccuracies and providing PMC
with information which is necessary for PMC to fulfill the order and to comply with all applicable legal requirements.

 

     

     

    

 

5.3           FACTORY
REP may, in its discretion, either direct PMC to deliver completed Vehicles to FACTORY REP or pick up the completed Vehicles at PMC’s
location. For delivered Vehicles, PMC agrees to deliver completed Vehicles to Factory Rep at 14740 Ramona Avenue, Chino, California 91710.

 

		6.	PRICE AND PAYMENT

 

6.1           Any
purchase of the Vehicles from PMC will be at the prices set out in PMC’s price list in effect when PMC accepts the related Purchase
Order, provided, however, that PMC hereby agrees to provide a minimum of thirty (30) days prior written notice for any changes related
to the price list. Applicable pricing for future vehicle types and models shall be determined by PMC and agreed upon by FACTORY REP.

 

6.2           Transportation
and other related charges, insurance, taxes, duties and other charges of any kind imposed by Governmental Authority shall be listed as
a separate line-item on PMC’s invoice, in accordance with reasonable commercial terms and in accordance with the customary practices
of the commercial truck industry. The ultimate purchaser of the Vehicle is responsible for all charges, costs and taxes.

 

6.3           Parties
understand that payment for the Vehicles by FACTORY REP to PMC shall take place as outlined in PMC’s price list. Subject to the
foregoing, FACTORY REP will pay PMC for Vehicles by fed-wire to PMC prior to vehicles being released from PMC’s facility, and provided
that allowance for this payment schedule shall be made for weekends and U.S. bank holidays. The title to the Vehicles shall pass in accordance
with the terms set forth in the Purchase Order accepted by PMC.

 

6.4           The
Parties shall notify the other in writing of any dispute with any invoice (along with a reasonably detailed dispute description) as soon
as possible but no later than thirty days from the date of receipt of the invoice. The Parties shall seek to resolve all disputes expeditiously
and in good faith. Notwithstanding anything to the contrary in this Agreement, the Parties shall continue performing their obligations
under this Agreement during any dispute, unless the disputed invoice is in an amount that would constitute a material breach of this Agreement.
Such amount shall be determined in the future by the Parties.

 

		7.	VEHICLE WARRANTIES, RECALLS, PRODUCT LIABILITY, LEMON LAWS, OTHER REQUIREMENTS

 

7.1           Each
Party shall as soon as reasonably possible inform the other Party of any condition that is or may be a safety related defect or regulatory
non-compliance with respect to the Vehicles and other Vehicles of which it becomes aware. If either Party or a third party, including
a government authority, such as NHTSA, determines that it is necessary to conduct a recall or other service campaign of Vehicles or other
Vehicles at issue, PMC shall determine the nature of the corrective action to be taken and, if required, will undertake and coordinate
the recall / service campaigns. For a fee to be agreed upon by the parties, FACTORY REP will assist PMC in such recall / service campaign
actions.

 

     

     

    

 

7.2           As
the designer, manufacturer and supplier of Vehicles, PMC shall provide a warranty of 3 years or 36,000 miles (whichever comes
first). Additionally, the PMC electric drivetrain shall be warranted for 5 year or 60,000 miles and the lithium-ion battery system
shall be warranted for 5 years or 150,000 miles. PMC shall indemnify, defend and hold completely harmless FACTORY REP and all other
Persons in its chain of distribution of Vehicles from and against any and all losses, liabilities, damages, costs, fees and
expenses, including legal costs and attorneys’ fees, resulting from any and all claims related to work performed by PMC on the
Vehicles. In order to further facilitate the foregoing, PMC shall obtain and continue to maintain at all times from the initial
launch of Vehicles in the U.S. Vehicles liability insurance coverage in an amount that is not less than Five Million Dollars
($5,000,000) until the units in operation within the Territory reaches 50 Vehicles and up to Ten Million Dollars ($10,000,000)
thereafter, both in aggregate and per occurrence basis, with a deductible of not more than Two Hundred Fifty Thousand Dollars
($250,000) per occurrence, and name FACTORY REP as its additional insured and loss payee and provide FACTORY REP a Certificate of
Insurance upon each renewal and upon FACTORY REP’s request. Parties hereby agree that the insurance coverage set forth herein
shall provide a means for PMC’s indemnity and shall in no way limit or constitute as a waiver of any kind with respect to
PMC’s indemnity obligations under this Agreement. An extended warranty is available based on the vendor and supplier terms and
conditions.

 

7.3           As
the designer, manufacturer and supplier of Vehicles, PMC shall be solely responsible for the Lemon Law claims, breach of express or implied
warranty or similar laws. FACTORY REP agrees to deliver to PMC a copy of such notice and such other related information as is reasonably
available to it, and PMC shall provide defense of such case on behalf of FACTORY REP and PMC shall indemnify and completely hold harmless
FACTORY REP for any and all damages, including any money judgments or obligation to repurchase vehicles and out-of-pocket expenses incurred
by FACTORY REP in defending or responding to such claims.

 

7.4           PMC
shall furnish FACTORY REP with master electronic versions and hard copies of owner’s manuals, service manuals, parts catalogs, labor
time guides, and other vehicle related publications for each and every make and model of Vehicles to be represented by FACTORY REP. PMC
shall also notify FACTORY REP of all technical changes to any of the Vehicles promptly upon the occurrences of such changes. PMC shall
furnish FACTORY REP with certified technical documents regarding the specification, operation and maintenance and special service tools
(mechanical and electronic) required for the diagnosis and service/repair of the Vehicles. PMC shall send its engineers and other personnel
for the purposes of technical support, training, and other support or coordination as needed in PMC’s discretion.

 

7.5           PMC
shall provide FACTORY REP launch dates for any and all new buses for its Representation as soon as they become available.

 

7.6           PMC
shall comply and maintain at all times continued compliance in regard to Vehicle manufacturing, safety, emission, and other quality standards
for the Vehicles and other Vehicles being or to be supplied to FACTORY REP for Representation of Vehicles.

 

7.7           In
the event of governmental inquiries or requests related to vehicle design, manufacturing, operational, or other characteristics
pertaining to Vehicles or other Vehicles, PMC shall respond to all required design/development data, test data, engineering data and
other documentation as needed to sufficiently respond to such inquiries or requests, using commercially reasonable efforts.

 

     

     

    

 

7.8           If
PMC and Factory Rep agree that Factory Rep will perform any work related to routine maintenance, service, recalls, warranty repairs, lemon
law repairs or any other work as deemed necessary by the Parties, Factory Rep shall indemnify, defend and hold completely harmless PMC
from and against any and all losses, liabilities, damages, costs, fees and expenses, including legal costs and attorneys' fees, resulting
from any and all claims related to work performed by Factory Rep on Vehicles covered by this Agreement. In order to further facilitate
the foregoing, Factory Rep shall obtain and continue to maintain at all times from the initial execution of this Agreement liability insurance
coverage in an amount that is not less than Five Million Dollars ($5,000,000) until the units in operation within the Territory reaches
50 Vehicles and up to Ten Million Dollars ($10,000,000) thereafter, both in aggregate and per occurrence basis, with a deductible of not
more than Two Hundred Fifty Thousand Dollars ($250,000) per occurrence, and name PMC as its additional insured and loss payee and provide
PMC a Certificate of Insurance upon each renewal and upon PMC’s request. Parties hereby agree that the insurance coverage set forth
herein shall provide a means for Factory Rep’s indemnity and shall in no way limit or constitute as a waiver of any kind with respect
to Factory Rep’s indemnity obligations under this Agreement.

 

		8.	TERM AND DUTIES AFTER TERMINATION

 

		8.1	TERM

 

The initial term of this
Agreement shall commence on the Effective Date and shall continue for a period of three (3) years (the “Term”).
Thereafter, the Term shall automatically renew for additional one (1) year periods, as long as the FACTORY REP has met the
Annual Sales Targets set forth in Section 1.5 and new sales targets agreed on as per section 1.6, unless terminated by mutual
agreement of the parties or pursuant to the provisions of Section 8.2 below.

 

		8.2	TERMINATION

 

Except for a material breach, as defined in Section 8.2(a) and
8.2(b), this Agreement is noncancelable for the initial three-year period. Those provisions that by their nature are intended to survive
termination or expiration of this Agreement shall so survive.

 

Either Party may terminate this Agreement by providing written
notice to the other Party:

 

(a)           if
the other Party materially breaches any provision of this Agreement, and the breach is not cured by the breaching Party within thirty
(30) days after its receipt of written notice of the breach; or

 

(b)           if
the other Party becomes insolvent or files, or has filed against it, a petition for voluntary or involuntary bankruptcy or under any other
insolvency law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment
of a trustee, receiver or custodian for a substantial part of its property, or is generally unable to pay its debts as they become due.

 

     

     

    

 

Any termination under this Section 8.2 is effective upon the breaching
Party's receipt of the notice of termination, or as may be applicable, upon the breaching Party’s failure to cure during the 30-day
cure period, or any later date set out in the notice.

 

8.3           Upon
the expiration, non-renewal, or termination of this Agreement for any reason, FACTORY REP shall immediately cease to make any representations
regarding its status as the distributor of Vehicles and coordinate with PMC, so that an orderly liquidation of the Vehicles and other
Vehicles, and continued services for such Vehicles, can be made in the most commercially acceptable manner and with minimum inconvenience
and damages incurred to the Vehicle owners.

 

8.4           Any
expiration, non-renewal, or termination of this Agreement for any reason shall be without prejudice to the rights and remedies of either
Party with respect to any provisions of this Agreement or arising out of a breach prior to such termination. In the event a Party materially
breaches the terms and conditions of this Agreement or fails to perform its obligations under this Agreement, the non-breaching Party
may pursue any and all rights and remedies available at law and/or in equity. Without limiting the generality of the foregoing, Section 3.2
and Section 7 and other provisions that by their nature are intended to survive termination shall survive termination of this Agreement.

 

		9.	WARRANTIES & REPRESENTATIONS

 

9.1           Each
Party represents to the other Party that it is an entity duly organized, validly existing, and in good standing under the laws of its
jurisdiction of organization; it has all requisite power and authority to own and operate its properties, and to carry on its business
as it is now being conducted; it has all requisite power and authority to enter into the transaction contemplated hereby; the execution,
delivery and performance of this Agreement have been duly authorized by all requisite actions; this Agreement has been duly and validly
executed and delivered to the other Party; and (if assuming this Agreement constitutes a valid and binding obligation of the other Party)
this Agreement constitutes a valid and binding obligation of the Party enforceable against it in accordance with its terms.

 

9.2           PMC
hereby continuously warrants and guarantees that at all times during the term of this Agreement, including any extensions and renewals
periods thereof, (a) all Vehicles supplied to FACTORY REP, meet laws and regulations of the United States, (b) all such Vehicles
will be merchantable, meet PMC’s design requirements, manufacture, and workmanship, (c) all such Vehicles are properly labeled
and (d) all such Vehicles ordered shall be delivered timely and in good and undamaged condition and shall, when delivered, be merchantable
and fit and safe for the purposes for which the same are intended to be used. Nothing contained in this Agreement shall be deemed a waiver
of warranties implied by law as may be applied to FACTORY REP.

 

9.3           PMC
warrants to FACTORY REP that the appropriate licenses, agreements and rights have been obtained from the respective parts, components,
and accessory providers for use in its Vehicles. PMC represents and warrants, and hereby agrees to indemnify and hold FACTORY REP harmless
from and against alleged infringement in relation to the Vehicles of the trademarks, patents, copyrights and other intellectual property
rights of any third party.

 

9.4           FACTORY
REP represents and warrants that it has extensive vehicle Representation and related business experience and functional and comprehensive
know-how.

 

     

     

    

 

		10.	ADDITIONAL TERMS & CONDITIONS

 

10.1         The
Parties to this Agreement are independent contractors. No agency, partnership, franchise, employment, joint venture or other joint relation
is created between the Parties by virtue of this Agreement. Neither Party has the authority to bind the other Party or to incur any obligation
on the other Party’s behalf. Any joint venture or other joint business relations may be created only by subsequent agreement between
the Parties in writing.

 

10.2         Any
and all information exchanged between the Parties under this Agreement is confidential and may not be disclosed to any Person during the
term of this Agreement and for a period of five (5) years thereafter, except: (A) to employees, legal advisors, auditors and
other consultants of each Party or its related companies, and to third party service providers who require the information for the purposes
of carrying out the terms and conditions of this Agreement; (B) with the consent of the disclosing Party; (C) if the information,
as of the Effective Date of this Agreement, is lawfully in the possession of the other Party; (D) if required by law; (E) if
required in connection with a financing or a proposed sale or transfer of business operations, but only if the party receiving such information
agrees to keep such information confidential on the same terms provided herein; (F) if strictly and necessarily required in connection
with legal proceedings relating to this Agreement; or (G) if the information becomes published or otherwise generally available to
the public other than as a result of breach of confidence by a Party to the other. In the event FACTORY REP or PMC, or anyone to whom
they may transmit any confidential information becomes legally compelled to disclose any of the confidential information, FACTORY REP
or PMC, as the case may be, will provide the other Party with prompt written notice of not less than seven (7) business days from
the receipt of such request, so that the pertinent Party can seek a protective order or other appropriate remedy. In the absence of a
protective order, or the failure to quash the legal process requiring disclosure or other measure effectively removing such legal compulsion,
neither PMC nor FACTORY REP shall have any duty to resist the production of confidential information, and the production thereof shall
not constitute a breach of this Agreement.

 

10.3         Each
Party shall indemnify, defend, and hold the other Party (including, without limitation, all of each Party’s respective directors,
officers, shareholders, employees, managers, and agents) harmless from and against any and all losses, liabilities, damages, costs, fines,
penalties, judgments, fees and expenses, including legal costs, expert costs and/or attorneys' fees, in relation to any of the following
(the “Mutually Released Claims”):

 

		(A)	Any act or omission of the Party for actual or alleged breach of any of the terms of this Agreement;

 

		(B)	Any actual or alleged negligence or tortuous conduct in connection with this Agreement; and

 

(C)  Any
claim or demand of any type or variety, whether made by a government, government agency, dealer, consumer, or any other person or entity,
for which the Parties do not otherwise have an obligation to indemnify, defend, and/or hold harmless under the terms of this Agreement.

 

10.4         The
Parties agree to provide written notice to each other within a reasonable time after receiving notice that any action related to Mutually
Released Claims has been taken or threatened against any Party, and agree to reasonably cooperate with each other so that a Party can
adequately defend itself against any Mutually Released Claim.

 

     

     

    

 

10.5         With
respect to any provision of this Agreement providing that one party indemnify, defend, and hold harmless ("Indemnifying Party")
the other party ("Indemnified Party"), the Indemnified Party agrees to extend these obligations to claims made against the Indemnified
Party's officers, directors, shareholders, employees, managers, and agents. The Indemnifying Party shall provide defense of such case
on behalf of Indemnified Party with Indemnifying Party’s choice of counsel, and indemnify, defend and hold harmless Indemnified
Party for any and all claims, including any judgments and out-of-pocket expenses incurred by Indemnified Party in defending or responding
to such claims. At the election of Indemnified Party, Indemnifying Party further agrees that Indemnified Party may employ attorneys
of its own selection, at Indemnified Party's sole cost and expense, to appear and defend the claim or action on behalf of Indemnified
Party. Indemnifying Party agrees to fully cooperate and provide any and all assistance necessary to adequately defend such claims and
lawsuits.

 

10.6         Subject
to the foregoing Section 10.5, neither Party shall be held responsible for any delay or failure in performance of this Agreement
to the extent that such delay or failure is caused by war, civil unrest, strike, flood, or acts of God. Either Party shall promptly notify
the other Party after becoming aware of the occurrence of any such cause and shall use its reasonable best efforts to minimize any resulting
delay in, or interference with, the performance of this Agreement.

 

10.7         Both
Parties acknowledge that the sales and distribution of the Vehicles is to an evolving market that could be subject to rapid changes in
the technology, personnel requirements, support, maintenance, regulations or requirements from various government authorities, which could
impact on the ability of either Party to fulfill its obligations under this Agreement. Should such changes occur then both Parties agree
to negotiate in good faith any changes that might be required to this Agreement.

 

10.8         Any
public announcement, media comment, and official referencing with regard to the contents, interpretation or subject matter of this Agreement
by either Party (the “Public Disclosure”) shall be sent to the other Party for their review prior to the release of the Public
Disclosure. The foregoing shall not restrict in any respect a Party’s ability to file appropriate information and issue press releases
in compliance with its applicable regulatory or statutory requirements or to communicate information concerning this Agreement and the
business affairs contemplated hereby. The foregoing shall also not restrict in any respect Party’s ability to communicate the information
concerning this Agreement and the transactions contemplated hereby to its potential investors, funding sources, specific accounts or vehicle
dealers.

 

10.9        Any
notice permitted, required or desired to be given pursuant to this Agreement shall be deemed to have been given one (1) Business
Day after sending by Federal Express or other comparable overnight express courier service (with proof of receipt available), or on the
same Business Day if personally delivered (with confirmation), if addressed to the attention of the President or CEO at the principal
place of business, which is stated on the first page of this Agreement or to such other address as any Party hereto shall from time
to time designate by providing written notice to the other Party.

 

10.10       This
Agreement shall be binding upon and inure to the benefit of both Parties and their respective successors and assigns. Neither Party shall
assign or transfer any of its rights or obligations under this Agreement without prior written consent of the other Party, which consent
may be withheld in the other Party’s absolute discretion. Notwithstanding anything to the contrary herein, PMC may use its subsidiaries
and affiliates to manufacture the Vehicles hereunder in whole or in part.

 

     

     

    

 

10.11       In
the event any provision of this Agreement, in whole or in part, is held to be invalid, unenforceable or in conflict with the applicable
laws or regulations of any jurisdiction, such provision will be replaced, to the extent possible, with a provision consistent with original
business purposes of the provision in a valid and enforceable manner, and the remainder of this Agreement will remain unaffected and in
full force. This Agreement and all related business transactions shall be governed by and construed in accordance with the laws of the
State of Delaware and the Federal Laws of the United States applicable therein and each Party hereby submits to the exclusive jurisdiction
of the United States District Court for Delaware for the purpose of enforcing or adjudicating such matters as are permitted to be submitted
to civil court pursuant to this paragraph.

 

10.12       Unless
otherwise agreed to by the Parties in writing for a specific transaction, this Agreement shall apply to any and all FACTORY REP's purchase
of Vehicles from PMC (each such individual purchase transaction initiated by FACTORY REP referred to herein as “Individual Purchase(s)”)
during the term of this Agreement. The terms and conditions of this Agreement shall apply to any and all such Individual Purchases whether
or not this Agreement or its terms and conditions are expressly referenced in the Individual Purchase. Unless otherwise agreed to by the
Parties in writing for a specific transaction, no inconsistent terms or condition in any Individual Purchase shall be applicable to Individual
Purchases.

 

10.13      All
section headings, titles or captions contained in this Agreement are for convenience only and shall not be deemed a part of this Agreement
and shall not in any way limit or amplify the terms and provisions of this Agreement. The masculine, feminine or neuter gender and the
singular or plural number shall be deemed to include the others whenever the context so requires or indicates. The word “including”
means “including, but not limited to,” and the word “include” when used herein means “include, without limitation.”
Each provision of this Agreement shall be construed according to its fair meaning and not strictly for or against any Party, regardless
of whether such provision was drafted by or at the request of a particular Party or such Party’s counsel.

 

10.14      This
Agreement shall constitute the entire and complete understanding and agreements between the Parties with respect to the subject matter
hereof and supersedes all other prior or contemporaneous oral and written agreements and understandings. The terms and conditions of this
Agreement may be amended, modified or waived only by an agreement in writing between the Parties. This Agreement may be executed in multiple
original copies, each original having the same content and validity.

 

10.15       All
vehicles sold under this agreement and liabilities thereof are subject to the terms of use as stipulated in the PMC ELECTRIC VEHICLES
OWNER’S and WARRANTY MANUAL.

 

     

     

    

 

IN WITNESS WHEREOF, the Parties hereto execute this Agreement by their
duly authorized officer on the date first above written.

 

	 	Phoenix Cars, LLC
	 	 
	 	By
	 	 
	 	 Name:
	 	 
	 	Title:
	 	 
	 	Creative Bus Sales, Inc.

 

	 	By	/s/ T.J. Matijevich

 

	 	Name: T.J. Matijevich
	 	 
	 	Title: Vice PresidentExhibit 10.7

 

ATTACHMENT 1

STATEMENT OF WORK FOR

Phoenix Motorcars

 

Southern California Airports – Zero Emission
Shuttle Transportation

 

The 2016 AQMP identifies the need for NOx emission reductions
as the most significant air quality challenge in meeting the upcoming ozone standard deadlines. Significant increases in NOx, PM and greenhouse
gases emissions from airport shuttle buses are expected because airline passenger transportation and expansion of operations at various
commercial airports are projected to increase in the near future. Staff has been working with Contractor, an electric vehicle manufacturer,
to accelerate the development and deployment of battery electric shuttle buses. Contractor has made significant progress deploying over
36 battery electric shuttle buses operating at the Los Angeles World Airport and Ontario Airport for over two years and is committed to
seeking funds from CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) for battery electric shuttle bus
replacement projects.

 

This project is to replace 29 diesel and gasoline airport
shuttle buses with new battery electric buses manufactured by Contractor. The new electric buses are equipped with state-of-the-art electric
drivetrain technology that delivers up to 100 miles range on a single charge. Combined with dual charging capability, the buses are well
suited to meet the requirements of most fleets operating on a fixed route within close proximity of the airport. As part of the eligibility
requirement, staff will inspect existing shuttle buses for operability and drivability before the buses can be replaced with battery electric
buses. Upon successful inspection and replacement of the existing buses, Contractor will be required to destroy or render the existing
buses useless without cannibalizing any parts from the old engines. In addition, staff will confirm that each replaced bus and its engine
have been destroyed by an authorized scrap yard. Contractor will submit quarterly and annual reports during the project.

 

CONTRACTOR shall perform the following tasks:

 

Task 1 - Program Management

 

		1.1.	CONTRACTOR shall plan, coordinate, and report as required to successfully achieve the overall objectives of the project. CONTRACTOR
shall submit monthly status updates and quarterly reports as described in the Deliverables section of this contract.

 

		1.2.	CONTRACTOR shall attend a “kick-off” meeting with the SCAQMD. The administrative and technical aspects of this Agreement
will be discussed at the meeting. At a minimum, the meeting shall cover team introductions, project requirements and expectations as well
as preliminary vehicle design, specifications, and performance targets.

 

		1.3.	CONTRACTOR shall develop, document, and distribute a project management plan for this project. The project management plan shall include
the objectives, work plan, success criteria, assumptions, dependencies, organizational structure, managerial process and communication
plan, risk management, and any other plans associated with project management of this project.

 

    	 	1	 

     

    

 

		1.4.	CONTRACTOR shall release request for proposal to solicit proposals from fleet operators and select awardees for replacement of shuttle.

 

Deliverables:

 

		·	Project management plan

		·	Project Management Update reports (Monthly and Quarterly)

		·	Preliminary Vehicle Design, Specifications and Performance Targets

 

Task 2 – Preliminary Design Task

 

		2.1.	CONTRACTOR shall review both the airport shuttle market requirements as well as data from currently operating electric vehicles in
the market to determine optimum specifications of the vehicles to be deployed. CONTRACTOR shall develop a complete specification (proprietary
information) allowing the vehicle to meet market requirements. Conduct a review of 2D and 3D mechanical drawings, electrical schematics,
physical wiring diagrams, and installation instructions in order to fabricate and assemble the target vehicle.

 

Deliverables:

 

		·	Airport shuttle bus market analysis and data analysis report on currently operating electric shuttles

		·	Review of vehicle specifications and vehicle 3D integration model during dedicated meeting.

		·	Vehicle system / design information (Confidential documents)

		o	First level of Bill of Materials

		o	Sub-Assembly drawings

		o	Vehicle & main components specifications

		o	Overview installation drawing

		·	Targeted performance metrics

 

Task 3 - Vehicle Assembly, Testing and Deployment

 

		3.1.	CONTRACTOR shall demonstrate ability to design & mass-produce, deploy and support high quality electric shuttles in the field.
CONTRACTOR shall conduct verification testing on the first vehicle to be produced to confirm the following criteria:

 

		·	Vehicle range: City and highway w/ & w/o A/C.

		·	Vehicle acceleration: 0-20 mph, 0-30 mph, 0-50 mph.

		·	Battery cell level information (TBC based on confirmation from supplier).

		·	Motor design validation – list of tests done by supplier.

		·	Simulated customer use test – Airport environment.

		·	Vehicle drive by & interior noise.

		·	Contractor shall present the Phoenix Motorcars vehicle limited warranty coverage information

 

    	 	2	 

     

    

 

CONTRACTOR shall provide a verification testing report to
SCAQMD for review prior to commencing manufacture of the 29 vehicles.

 

		3.2.	CONTRACTOR shall produce and submit the following reports with regard to vehicle manufacturing and deployment.

 

		■	Sourcing: CONTRACTOR to produce Sourcing Plan for all 29 Vehicles and submit actual spending update on a monthly basis
till the conclusion of Task

 

		■	Manufacturing: CONTRACTOR to produce and submit Manufacturing Plan for all 29 Vehicles.

 

		■	Quality and Testing: CONTRACTOR to produce and submit Quality and Testing Plan for all 29 Vehicles.

 

		■	Vehicle Deployment: CONTRACTOR to produce and submit Deployment Plan for all 29 Vehicles. Deployment costs will be calculated
and submitted at the end of February 2019 for reimbursement to SCAQMD.

 

		■	Customer Training and Maintenance: CONTRACTOR to produce and submit Customer Training and Maintenance Plan for all 29
Vehicles.

 

		3.3.	CONTRACTOR shall complete the manufacturing and deployment of 29 new battery electric buses, including EVSEs with the goal of delivering
the vehicles within about 12 months of project start.

 

		3.4.	CONTRACTOR shall deliver battery electric shuttle buses to end user fleets and prepare photos of delivered buses. CONTRACTOR shall
provide SCAQMD with a list of participating end user fleets.

 

Deliverables:

 

		·	Vehicle verification testing report based on prototype vehicle with identical specification - chassis and EV powertrain - to target
vehicles

		·	Sourcing plan and monthly Sourcing Report

		·	Source base shuttle bus for first 13 units

		·	Source base shuttle bus for next 5 units

		·	Source base shuttle bus for next 6 units

		·	Source base shuttle bus for next 5 units

		·	Source battery packs for all 29 units

		·	Complete shipping, tariff and duties for 29 battery packs

		·	Complete testing of first 13 battery packs

		·	Complete testing of next 11 battery packs

		·	Complete testing of next 5 battery packs

		·	Source Motor Components for all 29 units

		·	Complete shipping, tariff and duties for 29 Motor Component Units

		·	Source On-board Chargers for first 13 units

		·	Source On-board Chargers for remaining 16 units

 

    	 	3	 

     

    

 

		·	Source remaining Bill Of Materials and Labor Costs for 6 units

		·	Source remaining Bill Of Materials and Labor Costs for next 7 units

		·	Source remaining Bill Of Materials and Labor Costs for next 5 units

		·	Source remaining Bill Of Materials and Labor Costs for next 6 units

		·	Source remaining Bill Of Materials and Labor Costs for next 5 unit

 

		·	Manufacturing plan and Monthly Manufacturing report

		·	Quality & Testing plan and results

		·	Deployment Plan and Monthly Deployment Report

		·	Customer training &Maintenance plan

		·	Complete Manufacturing, Deployment & Customer Training for first 6 units

		·	Complete Manufacturing, Deployment & Customer Training for next 7 units

		·	Complete Manufacturing, Deployment & Customer Training for next 5 units

		·	Complete Manufacturing, Deployment & Customer Training for next 6 units

		·	Complete Manufacturing, Deployment & Customer Training for next 5 units

		·	Pictures of buses & corresponding VIN number at factory after completion of manufacture

		·	Pre-delivery Inspection report of buses prior to delivery

		·	Picture of the bus at the customer’s location

 

Task 4 – Vehicle Attrition Schedule and Engine/Bus
Scrappage

 

		4.1.	CONTRACTOR shall inspect and record the serial numbers, VINs, odometer readings, make, model, and year of the airport shuttles to
be replaced. CONTRACTOR shall verify operability and drivability before the vehicle is replaced.

 

		4.2.	CONTRACTOR shall destroy or render the existing buses along with the engines useless upon successful completion of replacing gasoline
or diesel buses with battery electric buses. The destruction of each replaced bus will be confirmed by SCAQMD staff through photographs
of destroyed engines and buses and a certificate signed and dated by an authorized scrap yard representative that a 6-inch hole was cut
into the engine block and the chassis was cut through the frame/frame rails. The vehicles will be scrapped within a period of 4 months
from the date of delivery of the vehicle to the customer.

 

Deliverables:

 

		·	Vehicle inspection report - the serial numbers, VINs, odometer readings, make, model, year, operability and drivability

		·	Vehicle scrappage report – photographs of destroyed engines and buses and a certificate signed and dated by an authorized
scrap yard representative

 

Task 5 – Vehicle Operation Monitoring and Reporting

 

		5.1.	CONTRACTOR shall assure that the electric shuttle bus will be fully deployed on the assigned route during the field demonstration.

 

    	 	4	 

     

    

 

		5.2.	CONTRACTOR shall provide performance parameters and specifications on all deployed buses to monitor during the operation in Airport
Shuttle service for at least 12 months with the goal of performance comparison with a representative conventional shuttle bus.

 

		5.3.	CONTRACTOR shall develop and distribute surveys to gather driver and service feedback and perform interviews with operators, mechanics
and fleet managers for user acceptance evaluation. CONTRACTOR shall prepare User deployment acceptance report.

 

Deliverables:

 

		·	Operating route information

		·	Operations report (distance driven, efficiency, energy charged)

		·	Environmental reports (CO2 savings, NOx savings, Particle Matter savings)

		·	Down-time frequency reports for scheduled maintenance

		·	Estimated Mean Time Between Failure (MTBF) for major components (motor, inverter, battery system)

		·	User deployment acceptance report

 

Task 6 – Installation of EVSEs

 

		6.1.	CONTRACTOR shall assess infrastructure requirements and develop Infrastructure Implementation plan

 

Deliverables:

 

		·	Infrastructure Plan

		·	Monthly Infrastructure Installation Report

		·	Complete EVSE & Infrastructure installation for first 12 buses

		·	Complete EVSE & Infrastructure installation for next 12 buses

		·	Complete EVSE & Infrastructure installation for remaining 5 buses

 

Task 7 – Final Report

 

		7.1.	CONTRACTOR shall produce a final report that summarizes the complete analysis conducted on vehicle performance and user acceptance.

 

Deliverables:
Final report with user acceptance survey and 2-page project synopsis on the completion of the project

 

    	 	5	 

     

    

 

DELIVERABLES

 

CONTRACTOR shall supply the following reports to the SCAQMD
under this Contract. Each submitted report shall be submitted electronically in MS WORD format (.doc). CONTRACTOR is encouraged not to
submit patentable material or protected data in these reports, but if there is such material or data in the report, you must: (1) clearly
identify patentable or protected data on each page of the report; (2) identify such material on the cover of the report. Reports
must not contain any limited rights data (proprietary data), classified information, information subject to export control classification,
or other information not subject to release. Protected data is specific technical data, first produced in the performance of the award
that is protected from public release for a period of time by the terms of the award agreement.

 

		1.	Project Management Plan. CONTRACTOR shall provide a detailed Project Management Plan as described by Task 1.

 

		2.	Monthly Status Update

During phase I of the project (Vehicle Assembly and deployment),
CONTRACTOR shall submit an electronic copy in MS Word format (.doc) of each monthly progress report due by the 30th day of
each month following the reporting period. The monthly reports must provide a concise narrative assessment of the status of work, milestones
achieved, and problems encountered and how they were resolved. The monthly reports shall be formatted and completed as follows:

 

		a.	What was planned to be accomplished in the period by Task

		b.	What was actually accomplished during the period by Task

		c.	How the project is progressing to plan

		d.	Significant problems or changes

		e.	What is expected to be accomplished in the next period by Task

		f.	Current and cumulative budget expenditures

		g.	Photos to illustrate project performance

 

During phase II of the Project (Vehicle Operation Monitoring
and reporting) CONTRACTOR shall submit an electronic copy in MS Word format (.doc) of each monthly progress report due by the 30th
day of each month following the reporting period. The monthly reports must provide a concise narrative assessment of the following:

 

		a.	Operational report per client, per period and cumulative (distance driven - mile, efficiency - kWh/mile, energy charged – kWh)

		b.	Environmental report per location, per period and cumulative (CO2 savings, NOx savings, Particle Matter savings).

		c.	Down-time frequency reports for scheduled maintenance

		d.	Failures report per client, per period and cumulative for major components (motor, inverter, battery system)

		e.	Estimated Mean Time Between Failure (MTBF) for major components (motor, inverter, battery system).

 

    	 	6	 

     

    

 

		3.	Quarterly Progress Reports. CONTRACTOR shall submit an electronic copy in MS Word format of each quarterly progress report
due by the 30th day of each month following the reporting period. CONTRACTOR shall submit one copy of each progress report
to AQMD’s Project Manager, and one copy to AQMD’s Contract Administrator- Technology Advancement.

 

During phase I of the project (Vehicle Assembly and deployment),
the Quarterly Progress Report must provide a concise narrative assessment of the status of work and include the following information:

 

		a.	The AQMD contract number and name of the recipient.

		b.	The project title and name of the project director/principal investigator.

		c.	Date of report and period covered by the report.

		d.	A comparison of the actual accomplishments with the goals and objectives established for the period and reasons why any established
goals were not met.

		e.	A discussion of what was accomplished under these goals during this reporting period, including major activities, significant results,
major findings or conclusions, key outcomes or other achievements. This section should not contain any proprietary data or other information
not subject to public release. If such information is important to reporting progress, do not include the information, but include a note
in the report advising the reader to contact the Principal Investigator or the Project Director for further information

		f.	Cost Status. Show approved budget by budget period and actual costs incurred. Costs shall be broken out by AQMD share, recipient share,
and total costs.

		g.	Schedule Status. List milestones, anticipated completion dates and actual completion dates. If you submitted a project management
plan with your application, you must use this plan to report schedule and budget variance. You may use your own project management system
to provide this information.

		h.	Any changes in approach or aims and reasons for change. Remember significant changes to the objectives and scope require prior approval
by the contracting officer.

		i.	Actual or anticipated problems or delays and actions taken or planned to resolve them.

		j.	Any absence or changes of key personnel or changes in consortium/teaming arrangement.

 

During phase II of the Project (Vehicle Operation Monitoring
and reporting), the Quarterly Progress Report must provide a concise narrative assessment of vehicle operation as the various customer
sites and include the following information:

 

		a.	The AQMD contract number and name of the recipient.

		b.	The project title and name of the project director/principal investigator.

		c.	Date of report and period covered by the report.

		d.	A comparison of the actual environmental impact (CO2 savings, NOx savings, Particle Maters savings) with the objectives.

		e.	A cumulative Operation report (miles driven, energy charge).

 

    	 	7	 

     

    

 

		4.	Special Event/Status Report. CONTRACTOR must report the following events associated with this project by e-mail to SCAQMD Project
Officer as soon as possible after they occur:

 

		a.	Developments that have a significant favorable impact on the project.

		b.	Problems, delays, or adverse conditions which materially impair CONTRACTOR’s ability to meet the objectives of the Contract
or which may require SCAQMD to respond to questions relating to such events from the public.

		c.	CONTRACTOR must report any of the following incidents and include the anticipated impact and remedial action to be taken to correct
or resolve the problem/condition:

 

		i.	Any single fatality or injuries requiring hospitalization of five or more individuals.

		ii.	Any significant environmental permit violation.

		iii.	Any verbal or written Notice of Violation of any Environmental, Safety, and Health statutes.

		iv.	Any incident which causes a significant process or hazard control system failure.

		v.	Any event which is anticipated to cause a significant schedule slippage or cost increase.

		vi.	Any damage to Government-owned equipment in excess of $50,000.

		vii.	Any other incident that has potential for high visibility in the media.

 

		5.	Draft Final Report. CONTRACTOR shall submit an electronic copy of the draft final report in Microsoft Word format (.doc) for
review and comment. The draft final report shall be submitted within 45 days of the conclusion of the project. This document shall be
considered in the public domain, in conformance with the California Public Records Act (Government Code Section 6250 et seq.). Any
trade secret information may be submitted to AQMD in a separate report in which the trade secret information is specifically identified.
AQMD agrees to treat such trade secret information in accordance with its Public Records Act guidelines relating to trade secret information.
AQMD shall complete its review of the draft final report within four weeks of its receipt from CONTRACTOR. The draft final report shall
include, but not be limited to, the following:

 

		a.	Identify the AQMD contract number; name of recipient; project title; name of project director/principal investigator; and consortium/teaming
members.

		b.	Display prominently on the cover of the report any authorized distribution limitation notices, such as patentable material or protected
data. Reports delivered without such notices may be deemed to have been furnished with unlimited rights, and the AQMD assumes no liability
for the disclosure, use or reproduction of such reports.

 

    	 	8	 

     

    

 

		c.	Provide an executive summary, which includes 1) a customer feedback overview of the use of the electric shuttle bus technology, 2)
an overview of major lessons learned from the project, 3) an assessment of the technical effectiveness and economic feasibility of the
proposed solution and 4) how the project is otherwise of benefit to the public. The discussion should be a minimum of one paragraph and
written in terms understandable by an educated layman.

		d.	Provide a comparison of the actual accomplishments with the goals and objectives of the project.

		e.	Summarize project activities for the entire period of funding, including solutions implemented, pictures, main challenges encountered
during project, and recommendations for future deployments. Include, if applicable, facts, figures, analyses, and assumptions used during
the life of the project to support the conclusions.

 

		6.	Final Report. CONTRACTOR shall submit three stapled originals and an electronic copy in Microsoft Word format (.doc) of the
final report, incorporating AQMD’s comments, within 90 days of the conclusion of the project. This document shall be considered
in the public domain, in conformance with the California Public Records Act (Government Code Section 6250 et seq.). Any trade secret
information may be submitted to AQMD in a separate report in which the trade secret information is specifically identified. AQMD agrees
to treat trade secret information in accordance with its Public Records Act guidelines relating to trade secret information.

 

		7.	Project Synopsis. CONTRACTOR shall submit a 2-page project synopsis, along with the final report. Attachment 3 to this
contract provides the format and content to be used for this synopsis. In addition to a hard copy, CONTRACTOR shall provide the synopsis
in an electronic version, using Microsoft WORD. All color photographs and images, if relevant to the project, shall be embedded within
the synopsis AND provided separately in digital format, such as .ppt, .tif. or .jpg, on a CD or sent electronically.

 

    	 	9	 

     

    

 

ATTACHMENT 2

 

PAYMENT SCHEDULE FOR

 

Phoenix Motorcars

 

The total project cost is estimated to be $7,373,905,
of which EPA’s cost share shall not exceed $3,184,875. Leveraged funding sources for the remaining $4,189,030 will include contribution
from Phoenix Cars LLC OEM in conjunction with the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) available through
the California Air Resource Board. CONTRACTOR shall submit an updated progress report with each invoice to provide documentation that
work has been completed to justify the invoice payment. Each invoice shall also be accompanied with documentation to identify the CONTRACTOR’s
cost share expenditures.

 

	Tasks	 	EPA 
 Share	 	 	Contractor
 share	 	 	Total 
 Budget	 	 	Estimated 
 Completion Date
 (Not to exceed)
	SCAQMD Admin Fee	 	$	62,449	 	 	$	0	 	 	 	62,449	 	 	 
	1.1, 1.2, 1.3, 1.4
 (Program Management)	 	$	0	 	 	$	60,000	 	 	 	60,000	 	 	 
	2.1 
 (Preliminary Design Task)	 	$	0	 	 	$	150,000	 	 	 	150,000	 	 	 
	3.1, 3.2 
 (Sourcing, Manufacturing & Quality Testing)	 	$	2,298,515	 	 	$	2,842,424	 	 	 	5,140,939	 	 	10 months after contract execution
	Please see Table 1 for detailed subtasks under Task 3.1, 3.2
	3.3, 3.4 
 (Vehicle Deployment, Customer Training / Maintenance)	 	$	463,911	 	 	$	449,650	 	 	 	913,561	 	 	18 months after contract execution
	Please see Table 2 for detailed subtasks for Task 3.3 & 3.4
	4.1, 4.2 
 (Vehicle scrappage)	 	$	0	 	 	$	11,600	 	 	 	11,600	 	 	 
	5.1 
 (Monitoring & Reporting)	 	$	20,000	 	 	$	6,880	 	 	 	26,880	 	 	30 months after contract execution
	6.1
 (EVSE Installation)	 	$	290,000	 	 	$	654,476	 	 	 	944,476	 	 	18 months after contract execution
	Please see Table 3 for detailed subtasks for Task 6.1
	7.1
 Final Report & Post-Project Completion	 	$	50,000	 	 	$	14,000	 	 	 	64,000	 	 	36 Months after contract execution
	Total not to exceed amount	 	 	3,184,875	 	 	 	4,189,030	 	 	 	7,373,905	 	 	 

 

    	 	10	 

     

    

 

Table 1: Detailed subtasks under Task 3.2

 

	Task	 	Description	 	EPA Share	 	 	Contractor

 Share	 	 	Total Budget	 
	Task 3.1	 	Vehicle verification testing	 	$	0	 	 	$	0	 	 	$	0	 
	Task 3.2.1	 	Source base shuttle buses - 13 units	 	$	373,509	 	 	$	458,644	 	 	$	832,153	 
	Task 3.2.2	 	Source Battery Packs - 29 units	 	$	698,212	 	 	$	857,357	 	 	$	1,555,569	 
	Task 3.2.3	 	Source Motor Components - 29 units	 	$	112,191	 	 	$	137,763	 	 	$	249,953	 
	Task 3.2.4	 	Shipping, Tariff & Duties for 29 Motor Components	 	$	30,130	 	 	$	36,998	 	 	$	67,128	 
	Task 3.2.5	 	Source base shuttle buses - 5 units	 	$	147,670	 	 	$	181,330	 	 	$	329,000	 
	Task 3.2.6	 	Source base shuttle buses - 6 units	 	$	177,205	 	 	$	217,595	 	 	$	394,800	 
	Task 3.2.7	 	Source base shuttle buses - 5 units	 	$	147,670	 	 	$	181,330	 	 	$	329,000	 
	Task 3.2.8	 	Test Battery Packs - 13 units	 	$	55,234	 	 	$	67,823	 	 	$	123,057	 
	Task 3.2.9	 	Test Battery Packs - 11 units	 	$	46,736	 	 	$	57,389	 	 	$	104,125	 
	Task 3.2.10	 	Test Battery Packs - 5 units	 	$	21,244	 	 	$	26,086	 	 	$	47,330	 
	Task 3.2.11	 	Duties & Shipping for 29 Battery Packs	 	$	55,888	 	 	$	68,627	 	 	$	124,515	 
	Task 3.2.12	 	Source of On Board Charger - 13 units	 	$	38,278	 	 	$	47,002	 	 	$	85,280	 
	Task 3.2.13	 	Source of On Board Charger - 16 units	 	$	47,111	 	 	$	57,849	 	 	$	104,960	 
	Task 3.2.14	 	Source remaining BOM & Labor Cost for 6 buses	 	$	72,284	 	 	$	88,760	 	 	$	161,044	 
	Task 3.2.15	 	Source remaining BOM & Labor Cost for 7 buses	 	$	89,221	 	 	$	109,557	 	 	$	198,778	 
	Task 3.2.16	 	Source remaining BOM & Labor Cost for 5 buses	 	$	58,104	 	 	$	71,348	 	 	$	129,452	 
	Task 3.2.17	 	Source remaining BOM & Labor Cost for 6 buses	 	$	69,725	 	 	$	85,618	 	 	$	155,342	 
	Task 3.2.18	 	Source remaining BOM & Labor Cost for 5 buses	 	$	58,104	 	 	$	71,348	 	 	$	129,452	 
	TOTAL	 	$	2,298,515	 	 	 	2,822,424	 	 	$	5,120,939	 

 

    	 	11	 

     

    

 

Table 2: Detailed subtasks under Task 3.3 and Task 3.4

 

	Task	 	Description	 	EPA Share	 	 	Contractor

 Share	 	 	Total
    Budget	 
	Task 3.3.1 /3.4.1	 	Complete Manufacturing, Deployment & Customer Training – 6 units	 	$	95,982	 	 	$	93,031	 	 	$	189,013	 
	Task 3.3.2/ 3.4.2	 	Complete Manufacturing,
    Deployment & Customer Training – 7 units	 	$	111,979	 	 	$	108,536	 	 	$	220,515	 
	Task 3.3.3 /3.4.3	 	Complete Manufacturing, Deployment & Customer Training – 5 units	 	$	79,985	 	 	$	77,526	 	 	$	157,511	 
	Task 3.3.4 /3.4.4	 	Complete Manufacturing, Deployment & Customer Training – 6 units	 	$	95,982	 	 	$	93,031	 	 	$	189,013	 
	Task 3.3.5 /3.4.5	 	Complete Manufacturing, Deployment & Customer Training – 5 units	 	$	79,985	 	 	$	77,526	 	 	$	157,511	 
	TOTAL	 	$	463,911	 	 	$	449,650	 	 	$	913,561	 

 

Table 3: Detailed subtasks under Task 6.1

 

	Task	 	Description	 	EPA Share	 	 	Contractor

 Share	 	 	Total Budget	 
	Task 6.1.1	 	EVSE & Infrastructure - 12 buses	 	$	120,000	 	 	$	270,818	 	 	$	390,818	 
	Task 6.1.2	 	EVSE & Infrastructure - 12 buses	 	$	120,000	 	 	$	270,818	 	 	$	390,818	 
	Task 6.1.3	 	EVSE & Infrastructure - 5 buses	 	$	50,000	 	 	$	112,840	 	 	$	162,840	 
	TOTAL	 	$	290,000	 	 	$	654,476	 	 	$	944,476	 

 

    	 	12

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