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0/re <br /> EQUIPMENT TRANSFER, RELEASE AND INDEMNITY AGREEMENT <br /> This Agreement is dated for reference purposes January 19, 2017 and is between the <br /> CITY OF EVERETT (the "City") and Village Theater (the "New Owne►"). Everett and New Owner <br /> agree as follows: <br /> A. The City hereby transfers to the New Owner all of the City's right, title and <br /> interest in the following equipment (the "Equipment"): <br /> Year: 1993 <br /> Make: Ivy Hi Lift <br /> Model: PL124 <br /> VIN (if applicable): N/A <br /> B. No later than February 28, 2017 , New Owner shall pay the City Five Dollars and <br /> No Cents, $5.00 for the Equipment. <br /> C. Everett transfers the Equipment to the New Owner AS IS, WHERE IS, and WITH <br /> ALL FAULTS. <br /> D. Everett expressly disclaims and makes NO EXPRESS WARRANTIES, NO IMPLIED <br /> WARRANTIES and NO GUARANTEES of any kind whatsoever regarding the Equipment. <br /> E. Everett makes no representations whatsoever that the Equipment is safe or that <br /> the Equipment functions properly or that the Equipment is in any particular condition. The <br /> New Owner is 100% RESPONSIBLE for determining the condition of the Equipment and for <br /> determining whether the Equipment is safe and suitable for any use by the New Owner. <br /> F. The New Owner WAIVES AND RELEASES Everett from any and all claims, known <br /> or unknown, foreseen or unforeseen, that the New Owner now has or that may subsequently <br /> accrue to the New Owner, arising out of or relating to the Equipment, including without <br /> limitation all claims relating to personal injuries caused by the Equipment, Equipment <br /> condition, past or future Equipment accidents, Equipment mechanical failure or Equipment <br /> need for repair. <br /> G. The New Owner shall INDEMNIFY AND DEFEND AND HOLD HARMLESS Everett <br /> from and against any and all claims arising from or relating to the use of Equipment by New <br /> Owner or New Owner's employees, agents, contractors or volunteers, including without <br /> limitation all claims relating to personal injuries caused by the Equipment, Equipment <br /> 1 <br />