CONTRACT 3832 Vender Agreement CLOSED383�.�„
Master Equipment imm # 60508 Equipment (east Schedule Nn 1
NATIONS BUS CORPORATION
Equipment Lease Schedule
LESSEE: City of El Segundo_ LESSOR: NATIONS BUS CORP
350 Main St 10219 Hawthorne Bind
Et Segundo CA 902455,013 Inglewood CA 90304
This Equipment Lease Sclis" u Schedule'') entered into by and between Nations Bus Corp as LESSOR, and
the party designated below as LESSEE dated June 6r 2008 (hereinafter 'Maw Lewd').
EQUIPMENT SCHEDULE
Descrietian of Ea cot:
Identification or
QwafbL- amrial ScrialNumba
I (One) 2001 Krystal Koaeh KK24 IFDWE45F31Li1324195
TAX Lam This Lease Schedule is a Tax Lease
Pgre"m Oothm*, Fair Market Value Purchase Rider
8asie it�Pedod RetKc
t. Monthly ?� 2 Advance x
Quarterly Arrears r
Semiannual
Annually _
Monthly mileage
QAvWn&LQ0fM w/o aurchantte
150111inois St 2,500
EI Segundo CA 90245
Number of Advance Rentals: _I-
3. Basic Rental shall be due on each of the following Basic Rental Payment Dates: The first payment dhali be due on
the Aomptance Date written below with additional payments due on the stone day of each month thereafter. for the Basic Rental
Period Term. The Basic Rental amount is S 2,250 plus applicable tax, if any.
4. Basic Rental Period Term: 3 Months
Aorooat Dog Upon Closure, _Months Rental(s) S4,50.00
Sales tax (if applicable) S 371.25
Docwnattation Fees S 95.00
Subtotal $4,966.25
License S 613.00
Total Due Upon Closing $5,S7915
Commercial General Liability: Minimum Limit
(a) Property Damage S)_ 000.000.00
(b) Each Individual S (,000.000.00
(c) Each Occurrence S I.QW,000.00
(d) Annual Aggregate S_IMO000.00
All -cask property:
(a) Replacement CosLS7A,000.00
(b) Maximum deductible S –,W.QQ
Additional riders or special terms required by Lessor NONE
Security ftMitt (CHECK ONE) —Required Amount S
X Not Requimd
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Maximum Deducttbic
51.000.00
SL000,00
L
SI dQ A
383:
Masts- Equipment Lease Agrmamt # 6050$ 1 Equipment Least Schedule No. t
FAIR MARKET VALUF PURCHASE RIDER
A. So long as no defeultphereunder and this Ltase Schedule have not been earlier terminated, Lessee may on
the last day of the Tom upon at least (90) days, prior written notice to Ltssor. purchase all (but not kss than
all) of the Equipment on an AS IS, WHERE IS basis without recourse or warranty whatsoever as agaiamt Lessor
for cash equal to its then I* Market Value (plus all applicable sales taxes) or Return the Equipment to Lessor.
B. Fah Market Value shall mean the price which a willing buyer would pay for the Equipment it an arm's length
nz sactioo to a willing seller under no compulsion to sell: iprMMW however, drat in such date minetioa: (a)
the Equipment shall be assumed to be in the condition in which it is required to be maintained and returned
under this Lease Schedule; (b) in case of any installed Equipment, the Equipment shall be vadated on an installed
basis` and (c) costs of removal from current location shall not be a dodaetion from such valtiation, If Lessor and
Lessee are unabk to agree on the Fair Mmko Value at least sixty (60) days before the last day of the Tenn,
Lessee shall appoint an independent appraiser, reasonably acceptable to Lessor, to delermine Fair market Value,
and that determination shall be final, binding and conclusive. Lessee shall bear all costs associated with any
such appraisal.
CERTIFICATE OF ACCEPTANCE
A. Lesser acknowledges that Equipment set forth in the above Equipment Schedule is uncoauditiortelly
accepted by lessee for all purposes under this Lease Schedule and agrees to perform WtthNIly all of the
Lessee's obligations under this Lease Schedule with respcci to E.qu*mcrtt as of the date hemf. Lessee
authorizes and dirocts Lessor to make payment to each vendor of Equipment Pumnmi to such Vendor's
invoice or any other purchase order, purchase agreement or supply contract with such Vendor, receipt and
approval of which are hereby acknowledged. This Certificate reaffirms all Lessee's represaNatton,
obligations and acknowledgments as set forth in this Lease5004miLas of the date hereof and oertifies the
Lessee is not in default under this Leasejyt]�
B. Lessee rcprtsents and warrants that: (i) Equipment has been delivered and is in operation for wldch
Equipment is intended to the satisfaction of Lessee; and (ii) if requested by Lessor. Equipment, has been
marked or labeled evidencing Lessor's interest therein.
C. Upon payment to the Vendors for equipment indicated in the above Equipment Schedul0. time will be no
fierm security interest or encumbrances against the Equipment exoept the interest of LESSEE under Master
Least
D. The Rental Period starting date is the Acceptance Date indicated below. with the Amount Due Upon
Closing due on the Acoeprimwe Date.
E. Lessee agrees to pay Lessor rental payments as set forth in the Equipmew Schedule section of this Lease
Schedule All applicable taxes wilt be due in the rnaruner set forth in the above Equgmteta Scheduk
fN THE W ITNESS WHEREOF, under this Lease Schedule are agreed to on the daw written below and are accepted
by.
DATE:
LESSEE
Its fC' 7 tt7
t`
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DATE-
LESSO N TIO BUS CORP
Utz
Its
3832 • • • -
h{asur Equipment Lease Agreement p 6050$ 1 Equipment Lease Schedule No. 1
NATIONS BUS CORPORATION
EXHIBIT -A- TO EQUIPMENT LEASE SCHEDULE
LESSEE: City of El Segundo_ LESSOR: NATIONS BUS CORP
350 Main St 10219 Hawdx me Blvd
El Seguaido CA 90245 -3913 Inglewood CA 90304
This Exhibit 'A" to the Equipotetrt Lease Schedule ("Lease Schedule) dated June b, 2009 Eons a part of such
Lease Schedule of this Master Lease Agm -cment entered into by and between Nations Bus Corp Its LESSOR, and the party
designated below as LESSEE (`LcsseCt (hacinaflcr "Master Lem ").
Identification or Annual Mileage
Quantity Dr=ifltipn Scrlal Number Garatyi»g Location w/o surchar¢e
I (One) 2001 Krystal Koach KK24 IFDWE45F31HB24195 150 Illinois St.
El Segundo CA 90245
IN Wn NESS WHEREOF, this Exhibit -A" co this Maser Equiptent Lease Schedule Agrsemestt, is agreed to and
made a part of the Lease Schedule on the date written below and is accepted by.
DATE: g
LESSEE: ,,,C% F `L SEG
its ' t �/ -w�
DATE:--.(, - 10'-Cf
LESSOR: NATIONS BUS CORY
a.
its bo V-n ker y, IF ^L5
Page I of I
3832•.
Master Equipment Lease Agre ment Of 60508 Equipment lease Schedule No. l
NATIONS BUS CORPORATION
EXHIBIT °8" TO EQUtPMENT LEASE SC14EDULE
LESSEE: City of El Segundo. LESSOR: NAnONS BITS CORP
350 Main St 10219 Hawtborne Blvd
El Segundo CA 90245 -3813 Ltg)cwood CA 90304
Maintenom and Repair
I . Lesset at all times will maintain the Equipment in a condition and manner suggested by the original m>atwfacturer as
required to validate any warranty.
2. Lessee will use only manufacturer's approved replacement parts and components in the performance of any
maintenance and repair of the Equipment.
3. Lessee will maintain current maintenance and repair accords for the E.gvipment in a usable manmr_
4. Lessee will at all times maintain the Equipment in good operational condition and appearaime, and cannot
discriminate such maintenance between owned or leased EquipmenL
Rcwrn CDl1tl1 M
t. The Equipment will be in a condition whereby it can be put immediately into revenue scrvirc at its original
dcsipmed fiutc6on and capacity.
2.
All tires will be matctred by generic type and toad design, free of cracks, cuts or rips, and with a minimum of 509'0
new tim tread remaining.
3. All air and fluid lines will be free of any leaks, cuts and cracks. and the controls will operate as designed
4. The engine will operate to manufacturer's original specifications, will meet the current smoke emission standards
aid will free be of oil leaks.
S. All transmissions, clutches and drive trains will [unction properly with no slipping or grabbing
6. Brakes will hold unit as specified by original manufacture without fading. No heat discoloration or warpage on
brake cylinder, disks, wheels or pads, and brakes will have 50% of new pads or shoes thickness remaining.
7. All shocks, springs and coils will be in good operating condition and meet original manufacturer's specifications.
S. Radiator and cooling system will be fm of leaks• punctures or holes, and be able to maintain unit in normal
operating remperature range as specified by original manufacturer.
9. All glass will be free of cracks, chips and intact and operational as originally designed.
t0, Bodies will be free of damage and paint will be in good condition.
11. All interiors will be in good condition with scats and bedding being free of cuts, tears, rips or brans.
12_ Ekectrica) system will be in good operating condition with wiring hoe of cuts breaks or cracks, and batteries being
able to malnuin a charge in accordance with original manufacturer's specifications.
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j _y z
Mileage: Avcrage simusl mileage shall not exceed twenty -five thousand (25,000) mites per year of the Tam unless
odterwisc noted on the Schedule. Should mileage excccd this limit, Lessee agues to pay a mileage Rmdwge of
twenty ants (S.20) per mile for excess Mileage, Odometer shall be kept in coirea working order throughout the
Term of the [Geese.
DATE:
LESSEE: CITY OF EL SEMNDO
By.
Its
DATE: �, LL - O!�
LESSOR: NATIONS BUS COPP
Its rya 11Z�c� l'k�
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