OPTION PRICING. The Option Price, as set forth in Part 1 of Exhibit 7 (Prices) of the VTC dated August 15, 2014, shall be adjusted at the time of placement of the order in accordance with the terms and conditions of Section 5.2 of the VTC dated August 15, 2014. For the Option orders, the escalation time period shall be calculated from the mid-point of production of Phase 1, until the mid-point of production of each Option Order. For all adjustments, the percentage change shall be rounded to the nearest hundredth of a percentage point and the line item prices shall be rounded to the nearest dollar. This index will vary depending upon prevailing economic conditions, but will not be lower than .233 percent (%) per month to cover unforeseen cost factors over the entire option period.
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Sources: Vehicle Terms and Conditions Agreement (Virgin Trains USA LLC), Vehicle Terms and Conditions (Virgin Trains USA LLC)