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. ...��. _ _ . . � �u�LV�� ORiGiNAL EQiJIpMENT PURCHASE AGREEMENT AND SECURITY AGREEMENT This Equipment Purchase A ee ent and Securi greement ("Purchase AgreemenP') is entered into as of the�day of�� ,20 the "EfJ'ec�ive Date"),by and bexween No-Des, Inc.,having an address of 60 Hermanos Loop,Los L nas,New Mezico 87031("Sel1e�")and Redwood City Public Works Division having an address of 1400 Broadway, Redwood City, CA 94063 ("Buye�").This Purchase Agreement is subject to the Terms and Conditions attached hereto,which are incorporated hereia("Terms and Conditions")as if futty stated herein. I. EQUIPMENT 1. Buyer agrees to purchase, and Seller agrees to sell, the Equipme� described herein in accordance with the prices,terms,and conditions set forth herein. Tlie term "Equip�nent" as used in this purchase Agneement shall mean the 150 PSI No-Des Truck Flushing Unit as more specifically defined on the attachedSCHEDULEA. II. PURCHASE PRICE; PAYMENT TERMS; ESTIMATED DELIVERY DATE 2.1 Purchase Price. The purchase price for the Equipment shall be THREE HiJNDRED AND FORTY SIX THOUSAND ($346,000.00) DoW3rs(the "Purchase Pricc'�,not including any training or freight charges listed below. The Purchase Price dces not include the sale of any Consumables as defined below. p��pri� $346,000.00 TraininA fee 7,850.00 Delivery Charges 4,100.00 Tota1 Purchase Price(incl�ing freight and training) $357,950.00 Any additional equipment,products or options which are not expressly included in this Purchase Agreement or on the attached SCHEDULE A and which Buyer desires to purchase from Seller, must be quoted and agreed to by Seller,in writing,as to price and the related terms and conditions. 2.2 Payment Terms. The Purchase Price shall be paid by Buyer as follows:a down payment of$259,500.00 (2/3 of Purchase Price) upon execution of ti�is Agreement $98,450.00 (1i3 of Purchase Price)upon delivery of the Equipment to Buyer's corporation yazd. Each installment of the Purchase Price sha11 be paid by Buyer by check or by wire transfer to the bank a�ccount as directed by Seller, unless otherwise agreed to in writing by Seller. 2.3 Estimated Delivery Date. The estimated delivery date for the Equipment is one hundred and twenty (124) days from Seller's receipt of signed contract with the required deposit, but in no event shall delivery be later than one hundred and fiRy (150) days after r�eipt of same. Seller will make all efforts to deliver before the one hundred and twenty(120)days mentioned above. �!" Buyer's Initials REV:07-22-14 MLG Page 1 of 11