Equipment Lease (Page 3 of 4) in pdf

C. To take possession of the Equipment and all accompanying software, without demand or notice,

wherever same may be located, without any court order or other process of law. Lessee hereby waives

any and all damages occasioned by such taking of possession.

D. To terminate this Lease.

E. To pursue any other remedy at law or in equity.

Notwithstanding any repossession or any other action which Lessor may take, Lessee shall be and

remain liable for the full performance of all obligations on the part of the Lessee to be performed

under this Lease. All of Lessor's remedies are cumulative, and may be exercised concurrently or

separately.

13. Bankruptcy.

Neither this Lease nor any interest therein is assignable or transferable by operation of law. If any

proceeding under the Bankruptcy Act, as amended, is commenced by or against the Lessee, or if the

Lessee is adjudged insolvent, or if Lessee makes any assignment for the benefit of his creditors, or if

a writ of attachment or execution is levied on the Equipment and is not released or satisfied within ten

(10) days thereafter, or if a receiver is appointed in any proceeding or action to which the Lessee is a

party with authority to take possession or control of the Equipment, Lessor shall have and may

exercise any one or more of the remedies set forth in Section 12 hereof; and this Lease shall, at the

option of the Lessor, without notice, immediately terminate and shall not be treated as an asset of

Lessee after the exercise of said option.

14. Ownership.

The Equipment is, and shall at all times be and remain, the sole and exclusive property of Lessor; and

the Lessee shall have no right, title or interest therein or thereto except as expressly set forth in this

Lease.

15. Entire Agreement.

This instrument and the accompanying Transcription Agreement constitute the entire agreement

between the parties on the subject matter hereof and it shall not be amended, altered or changed

except by a further writing signed by the parties hereto.

16. Notices.

Service of all notices under this Agreement shall be sufficient if given personally or mailed certified,

return receipt requested, postage prepaid, at the address hereinafter set forth, or to such address as

such party may provide in writing from time to time.

If to Lessor:

MT Advantage Career Center

P.O Box 727

Gloucester, VA 23183

Or scan and email to

admin@mtacc..net

Initials ________

________

Equipment Lease Page 3