Rental Policy & Equipment/vehicle Lease Agreement Form - Filmgear, Inc. (Page 2 of 2) in pdf

2b. LESSEE shall provide proof of adequate insurance to cover the rental, including in-transit coverage equal to the full replacement value of the

equipment. In addition to the forgoing the LESSEE agrees to pay the LESSOR a sum equal to the rental rate herein charged for loss of use during the

time that the LESSOR is deprived of the equipment, computed to the date of restoration, whether the equipment is replaced or repaired.

3a. It shall be lawful for the LESSOR or his agents at a reasonable time to enter the premises upon which said equipment is kept for the purpose of

viewing the state and condition of said equipment.

3b. The LESSEE shall not remove the equipment from the United States to any foreign country without first having notified LESSOR and obtaining from

LESSOR consent in writing for such removal.

4. If the LESSEE shall default on any of these terms, covenants and conditions herein, or in punctually making any of the payments aforesaid, or in any

execution or other writ or process shall be issued in any action or proceeding against the LESSEE whereby the said equipment may be ceased or taken,

or destrained or if processing in bankruptcy, receivership or insolvency shall be instituted by or against the LESSEE, or if at any time the LESSOR

reasonably believes that the prospect of the performance of this agreement is any way impaired, than in such event the LESSOR shall have the option

of declaring this agreement terminated, and the LESSOR may, without notice or demand, by process of law or otherwise, retake possession of said

equipment and, for such purpose, LESSOR its agents or employees, may enter upon and premises where said equipment may be, and may remove the

same therefrom, with or without force, and with or without notice of intention to retake the same, without being liable to any suit of action or other

proceedings by the LESSEE.

5. The LESSEE specifically agrees that the value of the rented equipment in the event of any loss or damage during the rental period is the value listed

in the manufacturer's current user net price list, showing values at the time of loss, injury or damage.

6. The LESSEE shall not sublease the said equipment or assign this rental agreement to any other person, film or corporation, and said equipment shall

at all times remain under the immediate exclusive control, supervision and direction of the LESSEE.

7. LESSEE agrees not to deface, obliterate, remove, or cover the tag or nameplate on the equipment showing the ownership of the LESSOR. The title

and ownership shall at all times remain in the LESSOR.

8. The LESSEE does hereby grant the LESSOR an option to terminate this agreement on 24-hour written notice by certified mail or personal service. On

the occurrences of said event, the LESSEE shall forthwith return to the LESSOR'S premises at the LESSEE'S risk and expense, the equipment in the

same condition as when it was first rented.

9. To secure the payment of all monies due to the LESSOR for the rental or damages due hereunder, the LESSEE hereby authorizes irrevocably, any

attorney of any court or record to appear for the LESSEE in such court, in term time or vacation, at any time after default, and confess a judgment

without process in favor of the LESSOR or its order for such amount as any appear to be unpaid and due hereon, together with all cost and reasonable

attorney's fees, and to waive and release all error and waiving the right of appeal.

10. LESSEE is responsible and agrees to reimburse FILMGEAR, INC. for any state and local taxes which may be levied upon equipment or use of

equipment being rented.

11. The acceptance of the return of the rented equipment is not a waiver by the LESSOR of any claims that he may have against the LESSEE, nor a

waiver of claims for latent or patent damages to the equipment.

12. This agreement compromises and contains the entire agreement between the parties including warrantees and representations, if any, and may not

be amended or modified, except by another agreement in writing, signed by both parties to this agreement. Time is of the essence in this agreement.

13. This agreement and the contents hereof represent the only warranty expressed or implied, between the parties hereto, including any implied

warranty of merchantability or fitness for a particular purpose and for any obligation liability on the part of the LESSOR.

14. FILMGEAR, INC. neither assumes nor authorizes any other person to assume for it any other obligation or liability in connection with such

equipment; nor shall it be liable in any event, for any injury, loss or damage directly or consequently arising out of use or inability to use the equipment,

whether using singularly or in connection with any other equipment.

15. All equipment is offered for inspection and test at the time of rental. The LESSOR does not guarantee, assume responsibility for, or make any

representations for the performance of the equipment.

The LESSEE'S financial responsibility includes obtaining protection against damage and/or loss to LESSOR'S equipment by providing written proof of

adequate all-risk insurance coverage, including in-transit coverage equal to the full replacement value of the equipment, to the LESSOR prior to

receiving any rental equipment. (An example of coverage is available upon request.)

I have read and understand this rental agreement and agree to all the terms and conditions.

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Company Name

IMPORTANT

FILMGEAR, INC. must have a completed RENTAL

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