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DocuSign Envelope ID:62A3314D-2E66-4A5A-9E7A-5FD781CF7066 <br /> Aeff aw" Services Statement of Work <br /> 14. Asset Recovery-Title Transfer Agreement <br /> 14.1 Buy Back Prices <br /> The fair market value ("FMV") for any Product will be determined by reference to the then-current Schedule of <br /> Prices provided in a separate spreadsheet as modified by vendor on a monthly basis. The highest value will be <br /> for Product in good condition and working order, with no broken parts (Good Working Order); Product not in good <br /> condition and in good working order, or with missing components such as floppy drive, optical drive, memory, <br /> hard drive(if missing at the time of collection), power adaptor, battery, etc.will be considered Non-Functional. <br /> 14.2 Template Surplus Equipment Purchase Agreement <br /> Transfers of title shall be accomplished pursuant a Surplus Equipment Purchase Agreement in substantial form <br /> similar to as follows: <br /> SURPLUS EQ UIPMENT P URCHASE AGREEMENT <br /> WHEREAS CUSTOMER has certain surplus IT Equipment and <br /> WHEREAS, BUYER has agreed to take possession, ownership and control of the Surplus Equipment <br /> under the terms and conditions set forth herein, <br /> NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby <br /> acknowledged, the parties hereto agree as follows: <br /> 1. Definitions. <br /> "CUSTOMER"and"BUYER"are the respective parties as listed on the Purchase Schedule <br /> "Purchase Schedule" is the document which lists the Surplus Equipment which BUYER is offering to <br /> purchase from Customer, and which lists an offer price. <br /> "Surplus Equipment"means the equipment listed in a Purchase Schedule which is being transferred from <br /> CUSTOMER to BUYER as set forth in this Agreement. <br /> 2. Applicability: Surplus Equipment becomes subject to this Agreement from time to time when a <br /> completed Purchase Schedule is signed by BUYER and CUSTOMER. <br /> 3. Transfer of Ownership of Surplus Equipment. Effective when the Purchase Schedule is signed by both <br /> BUYER AND CUSTOMER, all right, title and interest in and to the Surplus Equipment shall pass from <br /> CUSTOMER to BUYER. The BUYER shall take possession of the Surplus Equipment and shall use, transfer or <br /> dispose of the Surplus Equipment at its own discretion. <br /> 4. Warranties <br /> CUSTOMER represents and warrants to BUYER that it has good title to the Surplus Equipment, free of liens and <br /> encumbrances. . <br /> 5. Payment: BUYER shall pay CUSTOMER the offer price for Surplus Equipment within 30 days of <br /> the effective date of a signed Equipment Schedule. <br /> 6. Severability. In the event any one or more of the provisions of this Agreement and/or any Purchase <br /> Schedule shall for any reason be held invalid, illegal or unenforceable, the remaining provisions of this <br /> Agreement and/or any such Equipment Schedule shall be unimpaired, and the invalid, illegal or unenforceable <br /> provision shall be replaced by a mutually acceptable valid, legal and enforceable provision that comes as close <br /> as possible to the intention of the parties underlying the invalid, illegal or unenforceable provision. <br /> Orange County NC Gov't-Lenovo Services Statement of Work(11 MAY 2015) Page 6 of 7 <br />