"EQUIPEMENT LEASE AGREEMENT"
EQUIPMENT LOAN AGREEMENT THIS AGREEMENT between the SAN FRANCISCO EXILES ("Exiles") and ____________________________________________("Borrower") is entered into and effective on __________ [date]. 1. Equipment Loaned. The Exiles agrees to loan the following equipment (the "Equipment") to Borrower: (1) (2) (3) 2. Term. Borrower may take possession of the Equipment on or about __________________ [Start Date] and agrees to return the Equipment in good condition and working order to the Exiles no later than __________________. 3. Use. Borrower agrees to use the Equipment in a careful manner and to comply with all national, state, municipal, police and other laws, ordinances and regulations in any way relating to the possession, use or maintenance of the Equipment. 4. Condition of Equipment Borrower agrees to keep the Equipment in good repair, condition and working order while the Equipment is in its/her/his possession, custody or control. 5. Loss and Damage. A. While the Equipment is in Borrower’s possession, custody or control, Borrower agrees to assume the entire risk of loss and damage to the Equipment from any and every cause whatsoever. B. In the event of loss or damage of any kind whatever to the Equipment, Borrower agrees, at Lessor's option, to: (1) Restore the Equipment to good repair, condition and working order; or (2) Replace the Equipment with like equipment in good repair, condition and working order; or (3) Pay to the Exiles the replacement cost of the Equipment. 1 6. Indemnity. Borrower agrees to indemnify the Exiles against, and hold the Exiles harmless from, any and all claims, actions, suits, proceedings, costs, expenses, damages and liabilities, including reasonable attorney's fees and costs, arising out of, connected with, or resulting from Borrower's use of the Equipment. 7. Ownership. The Equipment is, and at all times remains, the sole and exclusive property of the Exiles. 8. Entire Agreement. This instrument constitutes the entire agreement between the parties and may not be amended, altered or changed except in writing. 9. Governing Law. This Agreement is to be construed and enforced according to laws of the State of California. 9. Signatories By signing below, each signatory represents that he or she is authorized to sign this Agreement. Signed, On behalf of the Exiles by: ____________________________________ [Typed name of signatory] On behalf of the Borrower by: ____________________________________ [Typed name of signatory] 2