LEASING CONTRACT

The Landlord hereby rents to the Tenant the equipment described on the back of this Contract in the “Receipt of Delivery” section, under the following clauses and conditions:

a) The lease of this equipment begins as of the date of the Delivery Receipt, described on the back of this Contract, terminating said lease on the date and time when the equipment is delivered to and accepted by the Lessor.

b) The Lessee agrees to pay all expenses necessary for the handling, freight and / or loading of the equipment, including the cost of transportation, to and from the delivery site and the return of said equipment.

c) The Renter agrees to assume all responsibility for any damage caused to the equipment. The Tenant undertakes to care for and adequately protect said equipment and to store, accommodate, install, use, operate, remove, load and unload said equipment under the conditions of proper care supervision and by its personnel trained to work and / or operate the same to avoid any loss, damage or theft of the equipment, including the necessary precautions to protect it from weather conditions and other elements or natural phenomena and any other accident or phenomenon either by an Act of God and / or caused by third parties people. The Tenant shall indemnify the Lessor for any loss, theft, damage and / or accident that occurs to the equipment while this contract is in force or the equipment is in the possession of the Tenant. For such purposes, the Lessee undertakes to defray the cost and installation of parts, labor, freight, and any other expense related to the repair of the equipment, or the replacement cost of the total equipment and any expenses related to said replacement if necessary. Both the arrangement of the aforementioned equipment and its replacement must be made by the Lessee to the satisfaction of the Lessor.

d) The Tenant agrees to have examined the leased equipment before receiving it and certifies that it is in perfect condition and condition, fully operational and has all the necessary devices and appliances for the use for which it is leased. For such purposes, the Lessee agrees to perform all maintenance required and necessary to be able to maintain such equipment in good condition and suitable for its work and to carry out, at its cost, any necessary service related to it. In the event that for any reason said equipment is broken, does not work or ceases to be useful to the Renter, the Renter will notify said fact immediately and in writing to the Lessor. The Renter undertakes to maintain a record of the maintenance service performed on the equipment, and if it is necessary to replace or repair any part or component of said equipment, the Renter will notify the Lessor. In the event that it is necessary to replace or repair all or part of the equipment, the Renter agrees that it will only use new components and / or approved by the manufacturer, and that it will make any replacement or repair using the services of a workshop or authorized service place. the manufacturer of the equipment.

e) The Tenant guarantees that said equipment will be returned to the Lessor in the same optimal work conditions received from the Lessor, except for any normal wear and tear. The Tenant also agrees to pay the Landlord any sum or expense incurred by the Landlord in order to restore or repair said equipment to the optimum work conditions in which it was delivered, except for normal wear and tear. The time it takes to make any replacement or repair necessary to enable the equipment and return it to the conditions in which it was delivered, except for normal wear and tear, will be counted as and will be part of the lease period, for which the Tenant will be billed for according to the applicable rate. In any case, the Landlord will act, as far as possible, in a fast and efficient way to repair said equipment so that it is in optimum working conditions.

f) The Tenant shall have adequate property and public liability insurance coverage to cover any claims, damages, losses and / or claims that in any way relate to the equipment -including its loss or damage- and its use by the Tenant or by any third while in lease. The minimum coverage (a) of commercial auto liability (“commercial auto liability insurance”) required will be $ 2,000,000.00; (b) general commercial liability (“commercial general liablity”) allowing a cover not less than that stated on the ISO CG 00 01 12 04 form will be $ 2,000,000.00 per accident and $ 4,000,000.00 added; and (c) ownership of the total replacement cost (“replacement cost”) of the equipment leased, including coverage for all risks of loss or damage of these. The required policy must provide that it is of a primary and non-taxable nature to any insurance policy that the Landlord can maintain. The insurance policy in question will have to identify the Landlord as an additional insured for the liability insurance and as a beneficiary of loss (“loss payee”) with respect to the property insurance. It will be the responsibility of the Lessee any deductible or item that is not covered by the insurance obtained. All and any insurance policy required from the Tenant must provide for relief from recovery, rights or subrogation in favor of the Landlord and its insurers, whether on the part of the Renter, its insurer or any third party. The policy required here from the Renter must contain a provision that does not allow cancellation until a written notification is verified to the lessor, with no less than ninety (90) days before the effective date of the cancellation. If the Tenant does not produce the corresponding certification evidencing the existence of said policy, the Tenant hereby authorizes and authorizes the Landlord to obtain an insurance policy in such terms at the cost and charge of the Tenant.

g) Both the Landlord and the Tenant understand that the Landlord is not and will not be responsible for any damage or loss incurred by the Tenant, or by third parties, as a result of any act, omission, damage, loss or demand resulting from the use and operation of the equipment. Similarly, the Tenant understands that the Landlord is not and can not be responsible for the result that Acts of God, natural phenomena, strikes, wars, insurrections or any other act or incident beyond the control of Landlord may have on the use and enjoyment of the team. For such purposes, the Tenant relieves and exonerates the Lessor from such losses or damages.

h) If the Tenant violates any of the conditions of this contract, the Landlord has the right to repossess said equipment immediately, without prior notification, and the Tenant will be obliged to pay the entire charge for freight, handling and transportation and any other expenses for any concept (including repairs, replacements, expenses and legal costs) in which the Landlord must necessarily incur as a result of having to repossess and / or recover the aforementioned rental equipment.

i) Rates are based on shifts of 8 hours per day, 40 hours a week for five consecutive days, and 180 hours per month, in a four-week month. Any hours worked in excess of those hours mentioned above will be considered overtime. Overtime will be charged according to the highest price type according to the contract.

j) In all cases, the Lessee is responsible for fuel, lubrication and maintenance costs.

k) All leases will be paid in advance and will be subject to the clauses and conditions detailed herein, unless otherwise stipulated in writing with the signatures of both contracting parties. The payment terms previously agreed for the lease by the Landlord and Tenant are settled no later than thirty (30) days from the date of receipt of the equipment by the Landlord in its facilities. From the referred thirty (30) days the rents, payments and / or sums owed by the Lessee to the Landlord shall accrue annual interest at a rate of ten percent (10%) per annum -or that highest amount allowed by law- up to total payment of the amounts owed. The Lessee agrees to pay the Landlord a sum equivalent to twenty five percent (25%) of the total outstanding debt when the payment is not received within the agreed payment term or within thirty (30) days, any of the periods that be shorter. The Lessee agrees to defray or reimburse any expense, cost or fee that the Landlord incurs in order to collect any outstanding debt of the Tenant, including any charge or collection commission from a collection agency, legal costs and any other cost, fee or disbursement. . The expense, cost or fee in question shall be the greater amount between the amount actually incurred or thirty-three percent (33%) of the amount owed, including any penalty or charge for late payment or delay.

l) The operator and / or the Renter and / or his authorized agent accept and confirm that they were informed and have been trained in the correct use and handling of the equipment or equipment rented under this lease. The operator and / or tenant and / or its authorized agent affirm that they are right-handed and / or knowledgeable of the use, purpose and operations of the equipment or equipment leased to them and do not interest them to be instructed in any way in these aspects.

m) The Tenant and / or its authorized agent ensures that the operator or operators of the equipment or equipment that is rented under this lease is licensed and authorized by the Department of Transportation Public Works, or any other relevant agency, for the management and use of the same, as well as that they have been trained, know and are skilled in the management thereof by the Tenant.

n) The Renter and / or his authorized agent accepts and confirms that he was informed of the inherent dangers of the use and handling of the equipment or equipment that is rented under this lease. The Tenant and / or his authorized agent accepts and confirms that he received and read the operation manual of the equipment or equipment leased under this contract and that he has become familiar with all instructions and warnings of operation, operation and safety thereof and that said manual It represents the instructions by the manufacturer of the use and handling of the same and the information on the inherent dangers to the use and correct handling of the equipment or equipment that are rented under this lease. The Tenant and / or his authorized agent is obliged to comply with and follow the instructions of the equipment or equipment in full.

o) The Tenant and / or its authorized agent accepts and is responsible for all risks inherent to the operation and use of the equipment or equipment leased by him or by any other person.

p) RELEASE OF LIABILITY. The Lessee and / or its authorized agent and / or any other person accept and assume the full and complete responsibility and are obliged to indemnify (“hold harmless”) the Landlord, its agents, officers, shareholders and / or employees, relevándolos and exhonerándolos hereby for any and all claims, liability, loss, damage, expenses, penalties, loss of income, claim, judgment, determination and / or any other claim, including costs and attorney’s fees arising out of or related to the equipment object of this lease, its possession, its use, shelter, storage, traffic accident and other, operation or any related activity. This relief is extended to any damage and / or compensation that in its day is claimed or determined payable and / or due by the Landlord and / or the Tenant in relation to said leased property, regardless of whether it is claimed or determined that the damage arose or was caused in full in part by the negligence of the Landlord or the Tenant. And any of its representative agents or affiliates, or of any defect in the condition of the equipment or equipment leased or of any other cause. This release obliges the Renter regardless of who the claimant is in the above-mentioned eventualities, whether the claimant is a third party or a person (legal or natural) related to the Renter or the Landlord.

q) Insured interest. The Tenant hereby grants to the Landlord an insured interest under the Commercial Transactions Act, Act # 176 of August 31, 1996 (Movables Agreement) as amended, on any inventory, equipment, goods, materials that it adheres or charges in the equipment or equipment leased; as well as on the product that the leased equipment or the materials that adhere to it produce.

r) Income Protection Plan (Optional – Please read in detail). The Rent Protection Plan (“PPR”) is an optional product that modifies some terms of this Contract, and only applies if you select the option in the corresponding box. A. For all equipment rental, you may choose between evidencing the possession of a current property insurance that conforms to the terms detailed in section f above, or acquire the PPR. B. The PPR is not insurance. However, you must determine prior to availing yourself of the PPR if you have any insurance cover that covers the equipment for both damage and theft, and the amount of any applicable deductible. C. In exchange for an additional charge, the PPR offers a damage relief that limits your liability if the equipment suffers damage or is stolen. Subject to the conditions detailed herein, the Lessor waives its right to recover from the Lessee the amount that is less than 10% of the replacement value of the equipment, 10% of the cost of repair of the equipment, or $ 500.00, in addition to taxes, related to the loss or damage of equipment resulting from theft, physical damage or any other event that does not relate to intentional acts of the Renter, or attributable to it. D. The PPR does not include damage or loss of tires or tubes caused by punctures, shocks, cuts, or other causes inherent to the use and wear of the equipment, or resulting from the intentional abuse of the equipment.
E. The cost of the PPR is equivalent to 15% of the rental charges agreed in this contract.

The signature on this contract means that the person whose signature appears here is authorized by his superior or superiors to execute that contract and is considered an agent. The agent and its principal whose signatures appear in this contract expressly agree to pay for all expenses related to the lease of that equipment without taking into consideration whether the Tenant provided verbal or written authorization, in the form of a purchase order or otherwise, to the Landlord. . IN WITNESS WHEREOF, the parties sign this contract on the date and year appearing on the back of this contract.