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7.1.D. - Page 15 <br /> EQUIPMENT PURCHASE AGREEMENT AND SECURITY AGREEMENT <br /> This Equipment Purchase Agreement and Security Agreement ("Purchase Agreement") is entered <br /> into as of the day of , 20_(the "Effective Date"), by and between No-Des, <br /> Inc.,having an address of 60 Hermanos Loop,Los Lunas,New Mexico 87031("Seller")and Redwood <br /> City Public Works Division having an address of 1400 Broadway, Redwood City, CA 94063 <br /> ("Buyer"). This Purchase Agreement is subject to the Terms and Conditions attached hereto,which <br /> are incorporated herein("Terms and Conditions") as if fully stated herein. <br /> I. EQUIPMENT <br /> 1. Buyer agrees to purchase, and Seller agrees to sell, the Equipment described herein in <br /> accordance with the prices, terms, and conditions set forth herein. The term "Equipment" as used in this <br /> Purchase Agreement shall mean the 150 PSI No-Des Truck Flushing Unit as more specifically defined on <br /> the attached SCHEDULE A. <br /> II. PURCHASE PRICE; PAYMENT TERMS; ESTIMATED DELIVERY DATE <br /> 2.1 Purchase Price. The purchase price for the Equipment shall be THREE HUNDRED AND <br /> FORTY SIX THOUSAND ($346,000.00) Dollars (the "Purchase Price"), not including any training or <br /> freight charges listed below. The Purchase Price does not include the sale of any Consumables as defined <br /> below. <br /> Purchase Price $346,000.00 <br /> Training fee 7,850.00 <br /> Delivery Charges 4,100.00 <br /> Total Purchase Price(including freight and training) $357,950.00 <br /> Any additional equipment,products or options which are not expressly included in this Purchase <br /> Agreement or on the attached SCHEDULE A and which Buyer desires to purchase from Seller, must be <br /> quoted and agreed to by Seller,in writing, as to price and the related terms and conditions. <br /> 2.2 Payment Terms. The Purchase Price shall be paid by Buyer as follows: a down payment <br /> of$259,500.00 (2/3 of Purchase Price) upon execution of this Agreement $98,450.00 (1/3 of Purchase <br /> Price)upon delivery of the Equipment to Buyer's corporation yard. Each installment of the Purchase Price <br /> shall be paid by Buyer by check or by wire transfer to the bank account as directed by Seller, unless <br /> otherwise agreed to in writing by Seller. <br /> 2.3 Estimated Delivery Date. The estimated delivery date for the Equipment is one hundred <br /> and twenty (120) days from Seller's receipt of signed contract with the required deposit, but in no event <br /> shall delivery be later than one hundred and fifty (150) days after receipt of same. Seller will make all <br /> efforts to deliver before the one hundred and twenty(120)days mentioned above. <br /> Buyer's Initials <br /> REV:07-22-14 MLG <br /> Page 1 of 11 <br />