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Phone:(856)727-1100 <br /> <br />O EX® <br /> <br /> CORPORA T/ON <br /> <br />305 Commerce Drive <br />Moorestown, NJ 08057-4234 <br /> <br />Fax:(856)727-1955 <br /> <br />Exhibit "A" <br /> <br /> PURCHASE AGREEMENT ("Agreement") by and between <br />OPEX CORPORATION ("OPEX") and City of Santa Ana ("Purchaser") <br /> <br /> The following are the terms and conditions under which OPEX agrees to sell Purchaser <br />the product(s) listed on Attachment "A" herein CProduct(s)"): <br /> <br /> 1. CONTRACT. This Agreement for Product(s) listed on Attachment "A" and "B', the <br />Proposal, will become binding on each pady only when each party has signed this Agreement <br />and Attachment(s) "A". <br /> <br /> 2. OPEN SCANTM, Excluded. OPEX does not manufacture the OPEN SCANTM <br />Product(s) and therefore shall not be responsible for defivery, installation, or warranty. <br />Specifically, the OPEN SCANTM Product(s) are excluded from the terms of the following <br />Paregraphs of this Agreement: 5, 5.1,5.2, 6, 6.1,6.2, 6.3, 7, 7.1, 7.2, and 7.3. All issues dealing <br />with delivery, installation, and warranty shall be handled by Purchaser directly with OPEN <br />SCANTM. OPEN SCANTM will be responsible to Purchaser for delivering (i.e. shipping), installing, <br />and providing the warranty for all OPEN SCANTM Product(s). <br /> <br />3. PAYMENT AND CHARGES. <br /> <br /> 3.1 Equipment. Payment for the Product(s) (see Attachment "A") shall be made <br />as follows: 100% Net thirty (30) Days after delivery of the Product(s) has been completed. <br /> <br /> 3.2 Interest. Late payments shall bear interest at the lesser of (i) 2% per month <br />or (ii) the highest permissible rate by law, payable monthly. <br /> <br /> 4. TAXES. Prices and charges are exclusive of, and Purchaser is responsible for, all <br />sales, use, import, export, and similar taxes related to the sale or transfer of the Product(s) or <br />delivery of services provided for hereunder, and after delivery of the Product, all property and <br />similar taxes as well as fees and charges for perfecting and/or filing security interests. <br /> <br /> 5. DELIVERY. Upon acceptance of an order by OPEX, OPEX will deliver the Product to <br />Purchaser no later than thirty (30) days after receipt of order. <br /> <br /> 5.1 Delivery of the Product(s). Delivery of the Product(s) will be F.O.B. <br />Destination. Purchaser will be responsible for all subsequent delivery and insurance charges <br />and risk of loss. <br /> <br /> 5.2 Security Interest. Purchaser hereby grants OPEX a security interest in the <br />Product(s) and in any proceeds from the sale thereof (including accounts receivable) as security <br />for its obligations hereunder and will execute any document required or desirable to perfect the <br />security interest. <br /> <br /> <br />