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SECTRAN ARMORED TRUCK SERVICES AGREEMENT CONTRACT #6727 N-2005-127 THIS AGREEMENT is made this 7th day of NOVEMBER 2005 by and between SECTRAN SECURITY, INCORPORATED a California Corporation ("SECTRAN") and CITY OF SANTA ANA ("CUSTOMER"). NOW, THEREFORE, in consideration of the covenants and promises hereinafter contained, the parties hereto agree as follows: SERVICES. 1.1 Customer hereby retains SECTRAN to accept from CUSTOMER or it's designated agent, sealed or locked and clearly labeled with CUSTOMER'S name and delivery location, shipments said to contain currency, coins, checks, bank cards, money orders, travelers' checks and other valuable property except cash letters (collectively referred to as -PROPERTY") intended for delivery as described on Exhibit "A", attached hereto and incorporated hereby this reference. SECTRAN has no duty or obligation to accept any shipment from CUSTOMER or its designated agent lacking the requisite seal or lock or with a seal or lock appears to be broke, defective, altered or tampered with. 1.2 CUSTOMER agrees not to conceal, misrepresent or omit to disclose any material fact or circumstance concerning the PROPERTY tendered to, received by or delivered by SECTRAN. 1.3 Concurrent with SECTRAN'S acceptance of the PROPERTY, each party shall execute a receipt evidencing the transfer of possession. The non -execution of such receipt shall constitute an evidentiary admission that the transfer did not occur. 1.4 The Services will be provided pursuant to Exhibit "A" except with respect to the following holidays. If requested by CUSTOMER and agreed to by SECTRAN, holiday service will be provided at a premium fee to be agreed to at the time of CUSTOMER'S request and SECTRAN'S approval. The holidays are: (i) New Years Day (ii) Martin Luther King's Birthday (iii) President's Day (iv) Memorial Day (v) Independence Day (vi) Labor Day (vii) Columbus Day (viii) Veteran's Day (ix) Thanksgiving Day (x) Christmas Day 1.5 SECTRAN reserves the right to refuse any shipment from CUSTOMER with a stated -value in excess of the maximum liability amount set forth on Exhibit "A". Should SECTRAN accept tender of any one shipment in excess of the maximum limit, SECTRAN'S potential liability shall not exceed the maximum liability amount as described in Provision 5 CUSTOMER assumes all risk of loss or damage associated with all shipments with a stated or actual value exceeding the maximum liability amount. Alternatively, CUSTOMER may defray such risk by electing to purchase Excess Liability coverage. Such coverage available at an additional cost of ($.12) per each $ 1.000.00 (or any fraction thereof) in excess of the maximum liability amount. By paying the cost of excess coverage, CUSTOMERS will obtain the full stated or actual value lir any substantiated loss of such shipment subject to all other provisions herein. 2. CONSIDERATION. 2.1 In consideration for SECTRAN services, CUSTOMER shall pay SECTRAN the fees described on Exhibit "A", attached hereto and incorporated herein by this reference. 2.2 SECTRAN shall tender a monthly invoice to CUSTOMER which shall be due and payable within THIRTY (30) days from the date of such invoice. Such invoice shall include, if applicable, federal, state and local taxes. 2.3 The parties expressly agree that the consideration is based upon the limited liability assumed by SECTRAN pursuant to Provision 5 and Provisions throughout this Agreement.