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Decommissioning shall include, but not be limited to, the removal of all emblems of the <br />Friendswood Volunteer Fire Department from the Fire Truck. <br />4.4 Title. Friendswood shall provide San Marcos with title to the Fire Truck along with a bill <br />of sale, which shall be in the form that is attached hereto as Exhibit "A" (the "Bill of Sale") <br />on the Date of Delivery, as defined hereinbelow. <br />4.5 Insurance. Friendswood shall continue to maintain insurance on the Fire Truck to protect <br />against any damage until the Date of Delivery. Upon Delivery, San Marcos shall bear <br />responsibility to include the Fire Truck on any applicable insurance policies to protect <br />against negligence or other damage during transit to San Marcos. <br />San Marcos's Responsibilities. <br />5.1 Purchase. San Marcos agrees to purchase the Fire Truck from Friendswood "AS IS" and <br />"WHERE IS" upon the terms set forth herein. SAN MARCOS UNDERSTANDS AND <br />AGREES THAT THERE ARE NO EXPRESS WARRANTIES OTHER THAN <br />FRIENDSWOOD'S WARRANTY OF TITLE. NO WARRANTIES, INCLUDING, BUT <br />NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR <br />PARTICULAR PURPOSE, SHALL BE IMPLIED. <br />5.2 Purchase Price. San Marcos agrees to pay NINETY-NINE THOUSAND AND <br />NO/100 DOLLARS ($99,000.00) (the "Purchase Price") to Friendswood for the <br />purchase of the Fire Truck. Payment shall be made in full within thirty (30) days <br />of the Effective Date by sending a check or money order to: <br />City of Friendswood <br />Attn: Accounts Payable <br />P.O. Box 1288 <br />Friendswood, TX 77549 <br />5.3 Transfer. San Marcos, at is sole cost and expense, shall send employees to Friendswood <br />to drive the Fire Truck to San Marcos at a mutually agreeable date and time as determined <br />by Friendswood's Director of Emergency Services and San Marcos's Fire Chief; provided <br />that (i) Friendswood has received payment in full as specified in Section 5.2 and (ii) such <br />date and time (the "Date of Delivery") shall be within sixty (60) days of San Marcos's <br />receipt of written notice from Friendswood in accordance with Section 4.3. Title to and <br />risk of loss of the Fire Truck shall pass to San Marcos on the Date of Delivery. <br />5.4 Registration. Within fifteen (15) days of the Date of Delivery, San Marcos shall cause title <br />of the Fire Truck to be transferred into its name in the motor vehicle records of the Texas <br />Department of Transportation. <br />5.5 Representations and Warranties. SAN MARCOS REPRESENTS AND WARRANTS <br />THAT IT UNDERSTANDS THE NATURE, CHARACTERISTICS, AND <br />LIMITATIONS OF THE FIRE TRUCK, AND IS PURCHASING THE FIRE TRUCK <br />FOR GOVERNMENTAL USE ONLY. SAN MARCOS'S POSSESSION OF THE FIRE <br />TRUCK ON THE DATE OF DELIVERY SHALL BE AN UNQUALIFIED <br />ACCEPTANCE OF AND A WAIVER OF ITS RIGHT TO MAKE ANY CLAIM <br />AGAINST FRIENDSWOOD WITH RESPECT TO THE FIRE TRUCK OR ANY <br />Interlocal Agreement for the Transfer of a Fire Truck, Page 2 <br />