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Construction Contract License No. BC723909 Registration No. QB118407 This Contract is entered into this day (date listed in the estimate above), between Patrick Dorn Construction, Inc. (“Company”), whose principal place of business is located at 19165 81 Place North, Maple Grove, MN 55311, and the property address listed in the estimate above (“Owners”). Owners hereby certify that they are the owners of the real property located at the address listed in the estimate above (“the Property”). Owners hereby contract with Company to provide labor and materials (“the Work”) to improve the Property, as defined in the Bid / Estimate provided by Company to Owners (“the Project”). Owners agree to the terms of the Bid / Estimate, specifically including the proposed price, which terms form part of this Contract and are specifically incorporated herein by reference. PAYMENT AND CONTRACT PRICE Owners agree to pay Company the sum listed in the estimate above (“Total Price”) for the Work defined in the Bid / Estimate, and to make payment in accordance with Payment Schedule and Terms specified herein. Owners agree to pay Company according to the Payment Terms contained in the Bid / Estimate. Invoices not paid when due will be subject to interest at the rate of the greater of 1.5 percent per month (18 percent per year) or the maximum rate allowed by law. PAYMENT SCHEDULE AND TERMS The contract price shall be paid to the Company according to an agreed upon schedule based on the format below. Event Percentage Amount Initial Deposit upon acceptance 10% of Total Contract Price $2,970 $ $ Balance upon Completion 90% Remaining Balance $26,730 TOTAL CONTRACT PRICE: $29,700 If the Work is to be paid by Owners from the proceeds of a property or casualty insurance policy, and the insurance company requires a different payment schedule than the above, Owners and Company shall modify the Payment Schedule to comply with the insurance company requirements for payment (including provision of sworn construction statements or lien waivers). IF THE WORK IS TO BE PAID FOR BY AN INSURANCE COMPANY, AND OWNERS ARE NOTIFIED THAT THEIR INSURANCE COMPANY HAS DENIED THEIR CLAIM TO PAY FOR THE WORK, OWNERS MAY CANCEL THIS CONTRACT AT ANY TIME WITHIN 72 HOURS OF RECEIVING THAT NOTICE FROM THEIR INSURANCE COMPANY. See Exhibit B to the Contract, which can be provided to you by the Company upon request. Owners are hereby notified that, under Section 325E.66 of the Minnesota Statutes, a residential contractor providing home repair or improvement services to be paid by an insured from the proceeds of a property or st 9/12/24, 9:13 PM Proposal Print https://buildertrend.net/app/LeadProposal/Print/10081477 2/12Page 70 of 139