Fillable Equipment Rental Agreement Global Test Supply (Page 2 of 4) in pdf

TERMS AND CONDITIONS TO RENTAL AGREEMENT

1. Purpose: This agreement is entered into by and between Global Test Supply, LLC (hereinafter referred to as "GTS") and the applicant whose name

appears on the application at the top of the page, (hereinafter referred to as the "Client") for the purpose of establishing the terms and conditions by which

Client will rent Equipment from GTS.

2. Validity: This agreement will be valid on the date entered into by the parties and until such time as it is modified or terminated in writing by mutual

agreement to the parties to the Agreement. For as long as this Agreement is valid, including any written modifications therefore, it will cover Client’s rental of

any and all Equipment from GTS.

3. Equipment: The word "Equipment" includes all items that GTS may rent to Client pursuant to orders that Client may place with GTS from time to time.

5. Promises made by GTS: Subject to Client’s good credit standing, and availability of Equipment, GTS agrees to rent to Client Equipment items as

ordered by Client from time to time.

6. Equipment Receipt/Return Confirmations:

6.1 Upon installation of such Equipment, Client will sign an Equipment Receipt Confirmation form, which will provide description of the Equipment, its serial

number, and the weekly rental rate. Until such time as the Equipment is returned to GTS, or picked up by GTS technician, Client will be responsible for such

Equipment pursuant to the terms and conditions of this agreement.

6.2 In the event that Equipment is shipped to Client via carriers such as UPS, Federal Express, or any other carrier at the sole choice of GTS, the

Equipment Receipt Confirmation form shall be faxed to Client prior to shipment as well as be included in the package shipped to Client, and the carriers

receipt will constitute Client’s receipt of the Equipment and terms as provided for in the Equipment Receipt Confirmation. In the event of discrepancy

between the terms promised to Client at the time of order and the terms specified in the Equipment Receipt Confirmation, Client should immediately call

GTS and settle all discrepancies. In any event, unless written confirmation is provided by GTS as to terms that are different than those in the Equipment

Receipt Confirmation, Client will either abide by the terms specified in the Equipment Receipt Confirmation, or ship the Equipment back to GTS within 24

hours.

6.3 In the event that rental term is extended, Client shall be responsible to notify GTS of such extension in advance of the due date.

6.4 In the event that the rental equipment is not returned to GTS by the due date the client gives GTS the right to charge the client’s credit card for an

additional rental period(s) until the camera is returned. If the rental equipment is returned before the end of the additional period a prorated amount will be

refunded to the client.

7. Promises made by Client:

7.1 Client agrees to use the Equipment solely for the purpose for which it is supplied,

7.2 Client shall not alter the Equipment in any way.

7.3 Client agrees that the Equipment provided by GTS shall only be operated by competent personnel, familiar with the operation of such equipment.

7.4 Client agrees to be responsible for all damage caused to GTS’s Equipment while in use by Client or while in transit from Client. In the event of such

damage, GTS reserves the right to charge Client for the repair of the Equipment, and Client promises to promptly pay for the repair of such damages upon

GTS’s demand.

7.5 Client agrees to provide an on-site environment that meets the requirements for proper operational performance of the Equipment.

7.6 Client shall not move the Equipment from the location at which such Equipment is installed by GTS or from the location specified in Client’s order

without first notifying GTS receiving GTS’s prior written approval.

8. Insurance: Client shall fully insure against all damages of GTS’s equipment that is in the possession of Client, naming GTS as loss payee, in an amount

not less than replacement cost and, upon request, provide to GTS a Certificate of Insurance, naming GTS as an Additional Insured under Client’s policy.

Client agrees to provide reasonable security at the site of use, to minimize the exposure of the Equipment to loss and/or damage. NOTHING IN THIS

PARAGRAPH WILL RELIEVE YOU OF YOUR RESPONSIBILITY FOR LIABILITY INSURANCE COVERAGE ON THIS EQUIPMENT.

9. Indemnity: GTS is not responsible for any loss or injuries caused by the installation or use of the Equipment. Client agrees to hold GTS harmless and

reimburse GTS for loss and to defend GTS against any claim for costs, losses or injury caused by the Equipment or its use. Your indemnity obligation

includes any cost, expense or liability we incur, including court costs, attorney fees, interest and penalties.

10. Loss or Damage: Client is responsible for the risk of loss or for any destruction of or damage to the Equipment. No such loss or damage relieves Client

from the payment obligations under this Agreement. Client agrees to promptly notify GTS in writing of any loss or damage and Client will then pay to GTS

the present value of the total of all unpaid payments. Any proceeds of insurance will be paid to GTS and credited against the outstanding balance of both

rent and replacement cost.

11. Payment Terms: Client agrees to pay rental charges up-front and in full. If Client requests and is granted permission to extend the rental contract term,

GTS will charge clients credit card for the additional contract term within 5 days of the extension commencement date. If Client fails to return equipment in

accordance to section 6.0 of this agreement at the end of the initial rental period, Client agrees to let GTS charge Client’s credit card for all rental charges

incurred until the equipment is returned. Loss or damage of Equipment by Client does NOT relieve Client of the rental obligation and Client agrees to let

GTS charge Client’s credit card for all rent until the Equipment is returned or replaced.

12. Taxes: Client shall pay any and all taxes levied on or associated with the goods and services provided with this Agreement, including without limitation,

any local, state, federal, or other government charges for sales, manufacturing, excise and like taxes.

3310 Kitty Hawk Rd

Suite 100

Wilmington, NC 28405