WasteZero Trash Metering Agreement

The City of Lebanon, New Hampshire, has entered into a trash metering agreement with WasteZero, Inc. The agreement is for a term of one year, with the option to renew for two additional two-year terms. WasteZero, Inc. will manufacture and distribute Official Municipal Bags to certain retail stores and provide certain inventory management, logistics, accounting, collection, and customer service support services related thereto. The agreement includes provisions for bag pricing, revenue sharing, and termination. The City of Lebanon is responsible for the disposal of solid waste for its residents and wishes to continue its pay-as-you-throw program with an upgrade to its supplies and services. Key aspects of the agreement include: • The City of Lebanon will purchase Official Municipal Bags from WasteZero, Inc. at a price of $10.00 per sleeve, with a WZ Supplies and Services Fee of $79.25 per case for large bags and $52.50 per case for small bags. • WasteZero, Inc. will provide inventory management services, including maintaining an average inventory target of three months. • The agreement includes provisions for bag pricing adjustments, including an inflation cost adjustment and an extraordinary resin cost adjustment. • The City of Lebanon may terminate the agreement at any time upon ninety days' written notice. • The agreement includes provisions for dispute resolution, including binding arbitration.