Agmt06 Digital Payment Techologies

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5. COMPENSATION. The City agrees to pay the Company for the Products and Services in an amount not to exceed $402,956.25 (US) for the Parking Pay Stations including all materials and training provided, pursuant to the pricing itemization detailed in Exhibit C. No other compensation for the Services will be allowed except for items covered by subsequent amendments to this Agreement. The City agrees to purchase from the Company the Extended Warranty and Spare Parts and Paper itemized in Exhibit E. 6. BILLING. Each invoice sent by the Company shall detail all Services and Deliverables performed and delivered, and shall include hours performed, hourly rates, and related activities and costs that are necessary to entitle the Company to the requested payment under the terms of this Agreement. The Company shall mail all invoices to: City of Redwood City Attn: Daniel Zack 1017 Middlefield Road Redwood City, CA 94063 The City will pay all accurate, properly submitted, uncontested invoices within thirty (30) days of receipt. Proposals may include an incentive discount for early payment. The City will self-assess any state or local sales taxes and confirm same to the Company. 7. LICENSING. The Company shall provide certified copies of all valid licenses and certificates required for performance of the Services on an annual basis. The certified copies, if any, shall be delivered to the City no later than thirty (30) days after the Effective Date. Current certified copies of licenses and certificates shall be provided promptly to the City at any time during the term of the Agreement. 8. DELIVERY OF SERVICES. The Company will generally adhere to the schedule set forth in Exhibit "A"; provided that, City will grant reasonable extensions of time for the performance of such services occasioned by unusually lengthy governmental reviews of Company's work product or other unavoidable delays occasioned by circumstances; provided, further, that such unavoidable delay will not include strikes, lockouts, work stoppages, or other labor disturbances conducted by or on behalf of, Company's officers or employees. Additional Services may be added by amendment during the term of the Agreement. The Company will provide the Services described in Exhibit A, and products meeting the Technical Specifications as set forth in Exhibit B at prices outlined in Exhibit C, along with spare parts and extended warranty services as set out in Exhibit E. Time is of the essence for each and