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Page No. 7
                                                                                Proposal No. Q09526
                                                                                Date:  March 12, 2014
               Note V - Proposal Duration

                            This proposal is firm for 30 days from the proposal date. Pricing beyond 30 days
                            maybe subject to change.  Please have the pricing reconfirmed after 30 days.


               PRICE:       Model DC 2200S (2,200,000 BTU/HR) High-Efficiency Water
                            Heater with Integral 520-Gallon Tank, Valve and Pump
                            Package, 10 Feet of Exhaust Stack, Start-up and Training
                            Service by a Ludell factory trained employed technician is
                            included.  Unit is factory packaged (prepiped and wired)…..…….  $42,672.00

                                              (State and local taxes extra, if any)


               Electrical Characteristics:   Power: *230 Volts, 3 Phase, 60 Hertz
                                            Control:   115 Volts, 1 Phase, 60 Hertz
                                                            *To be verified by customer at time of order.


               TERMS:       40% Down payment with order;
                            50% Upon notification of readiness to ship;
                            10% Thirty (30) days after shipment.


               NOTE:        IF THIS PROPOSAL IS ACCEPTED, PLEASE IDENTIFY ON YOUR PURCHASE
                            ORDER WHETHER OR NOT YOUR PURCHASE IS TAXABLE OR NON-TAXABLE.  IF
                            THE ITEMS YOU ARE PURCHASING ARE NOT TAXABLE, PLEASE FURNISH US
                            ALONG WITH YOUR PURCHASE ORDER, AN EXEMPTION CERTIFICATE OR RESALE
                            CERTIFICATE.


               Approximate Date of Shipment:   8 - 9 weeks after acceptance of order.

               NOTE:        If a drawing package is required by the customer for approval, the approximate
                            delivery schedule will be from the date Ludell has approval to proceed.

               NOTE:        For the Standard Terms & Conditions of Sale, please refer to Page No. 8.

               F.O.B.:      Shipping Point, Milwaukee, Wisconsin.


               Attachment:  Example drawings of Koch Foods, J6526A  Sheets 1&2.
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