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5. TITlE: Lessor shaD at aft limes nJtain tllIe to the Equipment. AI docwnenIs 0( IiIle and evldenc:es 01 deIiv8ry .... be dehered to L.essor. Lessee shall not c:h&nge or IMlOWI IrIIignia , ,or JeI\lIring which is on the Equipmenl at the time of deMry IheAIof or which il1henIafter placed thereon, incIc:atIng I.8s8or'I CIWl1llrIhIp 1her8Ot. and at any lime cUlng the laase -:m upon ~ of l.essoJ, ~ lIhaI aIIIx to \he Equipmelt, in a prominent pIIce.labeIs, pia'" or other marIcing supplied by Lessor IIalIng thai the Equipment is owned by Lessor. L.eIsee iue.o. nzes Lessor at Lessee I ellp8nl8 to file a copy of this l8lIse or any Schedule as a fIn8ncing statement IIld in L.....'I name to .... IIld lie financing slldlmeclll to CCMW lie coIIIIlw aI. Lessee agrees to 8X8CUI8 and del'Mlr any other IIaI8ment or in&InInenI requested by Lessor for such pwpose. IIld agrees to Pfl'/ or reImIlIne l.esIor for any Mng, IeClllIdng or ....; fees or l8X8S arising from the fling or I8CClIding any such inllnInent or IIldlIm8nt. ....... shall at Its 8IqI8nlI8 plOtlIc:t and defend Lesaor's tiIle IglIInIt .. persons cIIirnIng lIgIinst or haugh Lessee. at aI limes keeping the Equipment fnle from any legal PfOCllIII or encunbranCe whatsoevIr. Induding but noIlImII8d to ..... .aactmenII. Ievles and lIII8CUtToni end shaI gNiI lesIor Immedat8 wriIIIln notice IheAIof IIld Ih8I indemnify Lassor from any Iou ClIUI8d \tlenIby. Lessee shall tlll8CU8 IIld cIIMr to Leaor. upon Lessor'I ..... such fIdw instru- IllIrlIS IIld 8SSII'llIlC8S as Lessor deemlll8C8IIlIIy or adVisIbIe tor .. confIrmaIIon or perfection of l.essoJ'l righIII hIrulder. UnIasI oIherWIse agreed in WIIIIrv, leuee .... haw no" ~ to pun:hase or olherwiIe ecqun IiIIe to or ownership of any of lie EquipIIIn. e, CARE AND USE Of EQUPIIENT: Lassee shalllII8inIIIin the EquIpment in good operating condiIIon, AIp8i' and IIJPlIlInII1ClI and pnIt8Ct the IlIIll8 tom deterialatlon, other hn flllmlII weer end tear; IhaII \118 the Equipment In lhe regWIr COlft8 of business only. wiIhiIlts normal c:apecily. wIIt1cU abuse. end In a mIM8I' conI8mpIaIecI by the IlIlInUf8cbnr: slid ClCIlIlpIy wilh allaws. onInanceI. reguIations.18qlir8ments and ruin WlIh I8IPId to 1he \118. malll.....1C8 and opendian of the Equipmelt; .... noIlIIlIk8 any lIl11dlllcdclh. ........ or aIIIon to the Equipment (other I1an normal opel8llng accessorieI or conlroIs which lIh8I. wtW'I added to the ~ become the prqllIrty of the l.eIIor) wiIhout the prior wrIlIIn CllI-.t of .. L..... which shell not be Ln'88Sllfl8bIy withheld, shaI not 10 alIIx the EqIIipI1M to Al8I\y as to dwlge II naIIn to f8lII property or tbdure. and .... ..... EqUpment .... rwnaln personaJ property at allimes f8lIIRIeas of how atlIIched or installed. shaI keep the EquIpment at the location shown on the sc:hlIduIe - shaI not I8IlIlMt the Ecppment wIIhout the c0n- sent 0( Leaor. which shall noI be lIllUlIOI1IIbIe or 8haI hlMIlle right ddIng IlllfIlllII hours. upon I88SOlI1b1e prior IIllIIce to Lessee and Mject to 1ppIcIbIlI1awl1nll18glUtlons, to .. upon the pnIIIIiseI where the Equipment is Ioc:ated In order 10 Inspec:t, obserW or, I Lessee is in default, I8IlIlMt the Equipment. or olheIwiIe proIect L.essor"s In1nst 7, NE1' LEASE: TAXES: Lessee inlllnds the rental paymenll her8lI1dIr to be net 10 Lassor, end 1.81I88 .... Pfl'/ d ...... UI8, 8llCiIe, personal propeIty. cIocunnIIy IIIunp _ ad VII- onlIIIlIX8I, license end regiI1ratIon fees. lIII8IIIII8IllS fines. penaIIles IIld other c:haIgas imposed on .. 0WI18IIhip. poslla alan CIf UI8 of the Equipment cUIng the tIInn of IlIIIease; shaI pay all8X8S (except FecIend or Slate net income taxes impoIed on Lessor) wlIh I8IPId 10 the AIIlI8I paymenII henlI.rldIr. and shaI AIimbIne Lassor upon ...... tor ....... PIid by CIf adv8nced by l.8ssor. Unless llIherwise 8geed to in writing by Lassor. Lessor 8haI pay II personeI property tax wlIh I8IPId 10 the EquIpment and ....... shII nIiNMnil Lessor.... be upon demand.. e, 1NDEIIN1Y: Lassee shalllIld does henlby agree to lndemnIy IIld lIlMl Lessor ill agenII. lI8fVIIlII. IUCCllIIllrI and assignIlIermIea from any and lllIabily. d8magIa or Ioas, lnclud- ing I8IIIOI1IIble ClllUIllI8I..... arising out of the ownenhip. selection. posl8lllon. Ieaslng.I8I1IIng, operBIion (11IIIIIdIeas of ...... how 8Ild by whom opendIId) conIrllI. .... CllldlIon (lnclud- ing but nallmil8d 10 I8I8nt and oller delec:ts noI dlsc:ov8rabIe by Lessee). meinIIII"lC8, deMry end reun of the EquiprneM. The i.....liIIeI end obIgIIIoI. hIrIIn pnwIded .... CllIlIIn- U8 In ... fon:e Ind ehct noIwiIhIIIII'" "'mlnllllon of the I.8IIIe.. 'INSURANCE: ....... IheI keep the cppment inslnd IIIl8inst III rIIb of Iou or dIImIge Iran every ~ .NIIoMr tor noI .... thin the rtpIIIcIment COlt of .. EquIpmerC. The IIIlIlXIlt of such inllI1IIIC8 IhaII be suIIIc:i8ft 10 thai nelIher Lessor nor ....... .. be c:onsidenId II caInsuIer. ....... 11Io IhaI carry pItiic lIIbIIty INwInce, both fIIIIOI1II ipy and prap- 8Ity d8mage. covering the EquIpmenl AlIUCh casueIty insur8nclI shall provide thalloasas. . Illy. shaI be paylIbIa tel l.esIor. and aI such IIIbIIity .......1haI1ncUIe Lessor III IWlIId inMnd. Lessee shall pay the premilIns for such inIurance end upon request deliwlr ID l.esIor satiIIIIdoI y8Vldence of the inICI'ance ClMIIIglI requinId her8lI1dIr, The prolllIlIds 0I1UCh inuw1c:e pay8bIe as a I8IUII of loss CIf of demIlge 10 Illy Item of the Equipment shII be applied 10 IlIII8fy Lessee's obIIgIIiol. .. SlIt torth In pIrIIIpIIh 10 below, ....... henIby IIfwvoca. bIy lIppOinIs Lassor as """"1 allOm8y-in-fact 10 rMc8 cIain for. I8C8iwI payment of and exec:u18 and endcne d dlleIInenfS. c:hllc:kI or dIaIls receMd In payment tor IoIs CIf demlIge under any such inslnnCe poley. 10, RISK Of LOSS: ....... henIby asunes the enlire risk 0( loss. damage or desIruCIIon of the Equipment Iran any and fIYfII'/ ~ whIICsllev8r during the f8nn of ttilleaIe and ... after IrIII AldeIivery ID Lessor. In the ewnt of loss. damage CIf des1ruction of Irr/ Item 01 Equipment. Lessee II ill ellp8Rl8 (except 10 !he 8lltlIRt of "" pnx:eeds of inu8nce provided by L81S88 which shaI hlMI been receiwld by Lessor as a I8IUI of such Iou. cIlImage and destrucIlon). and lit Lesaor's option .... eiIher (II) ... such 11Im. nIUl'lIlg 110 III prMIuI con- diIion.1IIIass damlIged beyond repeW. or (b) repIIIce such nem wlIh a .. nem ....... to Lessor. In good condIIon and of equivIIIent VlIIue. which IhaI become property of Lessor.1ncIud- eel wti1the I8rm "E~ as used henin, IIld Ie8sed from Lessor her8WiIh tor the balance of the ... f8nn of this lease. CIf (e) pay IeIIOr d ~ ntr*I as IlIIIY be lIIocIItIId 10 such Item plus Lessor'I ~ resicNaI VlIIue of the Equipment present vaJued 10 the date 01 Iou at eight (8%) percent per 8I1IU'I'I. pIuI inf8nlst at 1-1!.2% per II'IllI1I1 (But in IllllMlllt more than maxim..., raI8 permiIbld by law) from dldllI1II peld. 11. PERFORMANCE BY LESSOR OF LESSEE'S OBLIGATIONS: In !he event Lessee fails 10 comply with any provision of this lease, Lessor shaD have the r9rt. but shaD not be obIi- gated.to eftect such ~ on behalf 01 Lessee upon ten (10) days prior wriIten notice 10 Lessee. In such tMIrIt, aI monies expanded by, and aI expenses of Lessor in effecting such QXl1lIiance, shaI be deemed to be acdionaI rental, and shaI be paid by lams to Lessor at the lime 01 the next monIhIy payment 01 rent. . 12. LEASE IRREVOCABIUTY AND OTHER COYENANT'S AND wARRANTIES Of LESSEE: Lessee ....1Iat IhilIease is Irr8wJcabIe for the full8mI thereof; and Lassee'1 obIigaIioI. under this lease are absoIuIe and shaI CllI1IirIJ8 wiIhclI4l11bat18mert and c.gardesI 0( "" diIebIily of ....... to UI8 .. Equipment or Illy pert 1her8of because of 11ft IlNIIllIlIncIuding. but not ImiIed to war. act 0( God, govemmentaI regulations. striIc8, 1oIs. damage. deItucIIon. faihn of or deIlIy in deMry, faiIln of !he Equipment to operate properly. IImlildon by oper. lion 01 law, CIf Irr/ llIher cause. You stall8 for our benefit thai as of the deII8 of the l8lIse (al you have the IIIwfW power IIld dlority to enIlIr into IhiIl.8aIe. (b) the incIYIdueIs slgning IhiI Lease hlMI been duly auIf10rized to do 10 on yolI' behalf. 13, DEfAULT: If any one 01.. following events (each an "event of deIIur) shII 0ClU. IhIn to !he exIlInt permlIIed by 1ppIcIbIlI1aw. l.esIor IhaIIllM the right 10 uen:iIe 11ft one ar more 0( the remedies set forth in PlngnIph 14 below. (a) Lassee fall 10 pay any rental or any other payment...... wtW'I due. 8Ild such faNe Cllll1IiueI tor 1M (5) days. CIf (b) L.aee becomes insoMlnt CIf makes an IISIignment for the benefit of credIIora. CIf (e) a 1'8C8iY8r. 1rUIII8e. CllIl88IVIIIor ar IquIdator CIf Lessee CIf of aI or a UIat8nIIII pert 01 II ...... is lIPPllinII8d with or without the appIc:ation CIf consent of Lassee. or (el) a petiIion isllled by or &gIIinst ...... lnIer the Bat*nIptI:y Code or any 8III8IllImanI thereID. or under any other inIoIvenc:y iIw CIf laws providing for Ihe relief of debtors, or (e) Lassee flIiIs to pay when due any indebledll... to l8ssor arising Indepelldenlly of this Lease 8IId such fdtn conIilueI for .... (5) deya. or (f) l8Isee breaches any other c:ovenant. WM'anly CIf agnMIII'I8I1I henIunder. and such breach continues for 118II (10) days .... wriaBn IIllIIce thereof. 14. REMEDIES: If an event of default shaI 0CC\a' as dasatJed in ~ (II) 1I1rclI9l (e) In P8IlIgl8ph 13 hIrIIn ebcMI, l.esIor 1llIIY. at b option. at any lime 10 Ihe exIlInt pennllIIId by law (al deClare the entire lIIIIClllIIt 0( IqlIIid rental for the baIanc:8 of.. term of thlllease immecIaIIIIy due and payable. ~ Lessee IhaI become obIigaIId 10 Pfl'/ to LeIIllr farIl. with the IoIaIlUIIClII1t of the lI1p8id rental for the balance of laid term pIuI Lassor's anIic:ipaIlld I8IiduaI VIIIue of.. Ecppment pleI8It V8Iued 10 the d8I8 of dIf8Ia Ill.... (5%l penllInl per arvun. (b) Lassor's r8lIIOf1lIbIe attorney'l .... IIld c:cut CllIII.lncIuding appeals. end (e) wilhout demInd or legal praceas. _ i1Illthe pIWIIiIeI where .. Eqlipment IllIIY be IoI.nl and Iak8 possession of and I8II'lllW the Equipment wiIt1cM IabiIly for such 1IIIIIdng. I..euCIf may ... CIf oIhelwiIe diIpllIe of "" such EquIpmn II II priveIIor pIMc ... In" ...... ...... IIIIClIs pos18Ssion of.. Equipment, LeIIllr shaI ~ ....... cndI for Illy ....l8C8lved by Leuor from the ... or IWIIIII of.. EcMJmenI.... decU:Ion of........ of.... or....... and Lessor's l8Sidual inI8rest in the EquIpmanl Lassee shaI also be IiIbIe far and SlId pay to le8Illr (al aI ...... IncunId by LeIIllr In CllI.18CIIon will .. ..IoI\:l1lnenl of 11ft of Lessor's remedies. inclucIng all c:oIIec:Iion 8IlperIS8I, aI pP8I1S8I of nIpOIIesling, sIllring. shipping, I8pIIIring Inll seIng .. EquipmIrj. (b) inIInst on aI .... due Lassor Iran the cilia 01 default unIiI paid at \he rate 01 one and one-haIf (1-1.2%) percent per monIh, but only 10 the extent permiIIed by law. n Lessor and Lessee acknowledge the cIlIic:Uly in establistillg a value for the unexpired lease term and owing to such cIfticuIty agree !hat the provisions 0I1his panlIJaph replesent an agI98d measure of damages and are not to be deemed a fOIfeiUe or~ If an lMl1t of default shall occur as deIaIled In ~ (f) In Paragraph 12 above, Lassor'II8III8dy IhaI be IImIII8d 10 the 8I1llltd of ant Iou suIered by LeIIor .. a c0nse- quence of said clefa&4 Whenever any payment isllllt made by L.essee when due hereunder. ....... ....10 pay ID Lassor. as an admitilltldIM payment to olfset Leuor's coIIec:tIon uperlI8S milder than one month IhereaftBr an amount caIcuIaIed at.. higher of 10% of any 18118 payment or $22.110. buI only to the 8ldllnt aIowed by law. Such amocn.... be pay8bIe in adlIIIon 10 II 8IIIlltI1tS payable by Lessee as a red of 8ll8R:iI8 of any of the I8lIl8dIas henIIn pmided. AI remedies 0( lessor hereunder .. CIIIlulative, are in addIIilln 10 any other nllII8Clias plO'Iided for by law. and may. 10 !he 8ldenl pannitII8d by law. be U8rCIsed COIllUI8IIIIy ar .. aralllly. The exen:ise of "'f one I8III8dy shall noI be deemed 10 be an eIaction of such I8III8dy CIf to prec:Iude the exerciae of ant other 181118dy. No fdtn on the pIrt of the Lassor 10 -- cise and no delay in exen:ising any right or nsmedy shall operate as a waiver thereof or rnodiIy ..1I8nnI of tis lease. " It II dM8rmined by a court of compeII8nt )IIlscIcIion that this IlIase consliIutes a security transactIlln. Lassor'II8Cll\WY sheI in IlllIMIRt uceed the IlIlIIdnun permitted by law. 15. ASSIGNIIENT: le8Illr 1llIIY. wIIhout I..essee'I CllIlI8nt, IIIIign CIf IranIfer thisleue CIf any Equipment, rent. CIf other IUIIlI due CIf to become due henlI.rldIr. and in such event l.essor'I assignee or lranIfenIe IhaII have the righIs. power, privileges. and remedIas of Lessor htInlInIer. Upon such assIgnmert Lessee agrees IIllt to assert. as egainIt Lassor'S asalgnee. "" deMnse, seIofI. I8ClJl4lIII8Rt. cIain or COII1IercIein. \hat Lessee IIlII'/ hlMIlIglIinIt Lessor whether arisilg transaction CIf othefwiIe. Lessee shaI noI assign IhilIease or any inIereats .... under and shaIIllllt enter Into any dIease wilh respect ID Ihe Equipment CllV8AId helwby wIIhout L.essor"s prior wriIII8II CllIIIenI. 16, RETURN OF PROPERTY: Upon the tIlnninlIIion 01 expiration of this lease. CIf any elllllnlion 1her8of. Lassee IhallIortlwIIh deliver. frelghI prepeid. the EquIpment to Lassor. III an adchsI designated by lessor, cornpIete and in good order and condiIIon. reasonlIbIe ..... and ulllone exeepll8d. Lessee shaI also Pfl'/Io Leaor such IUIIII as IIIIIY be II8C8II8fY 10 0lMI repI8l>>- ment for aI damlIged. broken or missing paris of !he Equipment. " upon such 8lqliIation or II8III1inaIion Lassee doas noI immedaIllIy I8bm the Equipment 10 Lessor. Ihe ~ shaI conIinue to be held and leased hereunder, and this lease Ih8lIheIeupon be 8ldllnded indelinill8ly as 10 f8nn at the IIIJIl8 monthly 18IlIaI. Mject ID the right of eiIher Lessee or Lessor 10 118r- minate the lease upon thirty (30) days written 1IllIIce, whereupon Lessee shall foc1hwfth deiver the Equipment to !he Lassor as set tor1tI in .. peI1IGIlIph. 17. MISCELLANEOUS: This lease c:onlains the entire lIlll88III8nI between the pmtias end may not be aIII8r8d, amended. mocIfIed.18mlinaIed or oIhelWile changed except by II writing signed by an executive ofticer of Lessor. This lease shall be binding when accepted in wriIing by Lessor IIld IhaI be governed by Ihe IlIWI of the SI8Ie of Florida. Lessee ~ "!d II actions CIf proceedings instituted by Lessor or Lessee hereunder. shall. at Lassor's option, be brought in a cowt 01 cornpeII8IIt jurIsdictIort In Brawn County, FIoridII. Lessee WlIMII, IIIlIO- far as permitted, biaI by jury in any action between the parties. Lessor IIld Lessee intend this to be a Y8Iid and s.misting legal doan8nt. and agree that no proviIion of Ihis lease which may be deemed unenforceable shaI in any way invaidate any other provilsion or provisions of this lease. aI of which shlIII remain in fuI torce and eIfect. Mt notice Intended to be IIN8d her8II1der shaI be deemed sufIlc:ienlIy sent by regular mal. postage prepaid. addrassed to the party at lhe 8ddresseI conIained herein. ThIs lease IhaI be~' upon the parties. their successors, legal r....,mtives and assigns. W. both Im.ncI to comply with .. applk:8lJle law.. If It \I dIIIIrminIcI thIlt your pay under IlIIleIu tin.. wIlIch I. higher th8n that which.. .,Iond by 'PP11cIbIe law. MY excea IIIIOUnt collected win btllpplled to .. ~yo"::;r:.:;:.~ llis ~ ~ ~... wllwe ehlrge or rec.lvur wHI you pay any lIIIOunta In uc:eu of the IIgllllllOunl / ./ j -7-_7-~ 7' S", 7 ,h c f '