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Purchase and Sale Agreement 2

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Purchase and Sale Agreement 2
Purchase and Sale Agreement 2
THIS PURCHASE AND SALE AGREEMENT is entered into this day of
, 200_, by and between ____________________ (hereinafter "Buyer"), a not-
for-profit Maryland corporation, 600 North Wolfe Street, Baltimore, Maryland, 21287, and
_________________________ (hereinafter "Company"), a ________________ corporation,
WHEREAS, Company is in the business of selling and servicing __________
equipment; and
WHEREAS, Buyer desires to purchase such equipment.
NOW, THEREFORE, in consideration of the mutual agreements and covenants
contained therein and for other good and valuable consideration, the receipt and sufficiency of
which hereby are acknowledged, it is mutually agreed and covenanted by and between the
parties to this Agreement, under seal, as follows:
1. Sale of Equipment. Company hereby sells to Buyer and Buyer hereby purchases from
Company the equipment described on Exhibit A attached hereto and incorporated herein, and
licenses the software contained therein (hereinafter "Equipment"). Such Equipment shall be
shipped FOB Installation Site (as hereinafter defined in Paragraph 6), freight pre-paid and
absorbed by Company.
2. Purchase Price. Buyer shall pay to Company for the Equipment and for all obligations
specified herein, as full and complete consideration therefore, the sum of __________________
($__________) (hereinafter "Purchase Price").
3. Payment. Payment of the Purchase Price shall be made by Buyer to Company in
accordance with the following schedule:
A. Ten Percent (10%) of the Purchase Price within thirty (30) days after the
execution of this Agreement;
B. Eighty Percent (80%) of the Purchase Price within thirty (30) days after Delivery
of the Equipment (as defined in Paragraph 7 of the Agreement); and
Purchase and Sale Agreement 2