INTERINSURANCE EXCHANGE OF THE AUTOMOBILE CLUB (2)-2012

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JUN 1 8 2014 VEHICLE TRANSFER AGREEMENT THIS AGREEMENT made and entered into this 23 day of- C 2012 by and between SANTA ANA P.D. hereinafter referred to as AGENCY" and the INTERINSURANCE EXCHANGE OF THE AUTOMOBILE CLUB with principal offices at 3333 Fairview Road, Costa Mesa, CA 42625, hereinafter referred to as "EXCHANGE ". RECITALS WHEREAS, the AGENCY desires to acquire a vehicle in order to conduct investigations regarding automobile theft and insurance fraud; and WHEREAS, the 'EXCHANGE lies a vehicle of the appropriate make and model that it is willing to make available for AGENCY to conduct its investigations; NOSY, THEREFORE, in consideration of the mutual covenants, benefits, and premises herein stated, the parties agree as follows: 1. The EXCHANGE shall give the AGENCY the title to and the vehicle currently registered to the EXCHANGE, identification number JN1'DA.31A62T319365 snake /model NISSAN/MAXIMA and year 202 ( "VEHICLE "). The AGENCY shall register the VEHICLE with the Department of Motor Vehicles ( "DMV ") within fourteen (14) business days after this Agreement is omcutod by all parties in its own name or in any other name other than the EXCHANGE and its affiliated companies. Within two (2) days after the AGENCY registers the VEHICLE with the DMV, the AGENCY shall place new and different license plates on the VEHICLE and surrender the original plates to the EXCHANGE or to the DMV as may be required I y raw. The AGENCY is responsible for all DMV few, 2. The AGENCY shall accept VEHICLE "as is" with no guarantees or warranties, The VEHICLE shall only be used by the AGENCY for activities and 'investigations regarding auto theft and /or insurance fraud. However, the EXCHANGE agrees that the operational decisions regarding the deployment of the VEHICLE are within the sole discretion of AGENCY. 3, The transfer of the VEI•IICL,E is effective as of 12/23/1.2 astd. shall terminate on 12123/17, During this period, the AGENCY is responsible for all routine nimmen.ance and repairs on the VEHICLE, 4, Either party may terminate this Agreoment at any time, with or without cause, in its sole discretion, with thirty (30) days written notice. 5. The AGENCY shall provide adequate liability and comprehensive insurance coverage for the VEMCL,E, which may be self rosined as provided by California law.