EXHIBIT 10.16
EQUIPMENT LEASE OR RENTAL AGREEMENT
Memorandum of Agreement made and entered into between Lessor and Renter -
Western Express, Inc. with conditions and terms as follows:
WITNESSED:
1. Lessor hereby leases for the rental and upon the terms and conditions
hereinafter set forth; the following described equipment:
TRUCK, TRACTOR OR TRAILER UNIT
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(List one unit only on form to avoid difficulties)
Make and Model: See attached list Type: 53' van trler Year
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Serial No.: Unit or Fleet No: See attached list
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State Registered: TN License No:
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2. The above described equipment will be used by the Renter named below,
Western Express, Inc.
3. The Renter shall have exclusive possession, control, and use of
equipment for the duration of this Agreement.
4. The Renter shall be fully responsible to the public and to all
regulatory agencies having jurisdiction.
5. The Renter shall be responsible for the driver or drivers of subject
vehicle and said driver(s) shall be employees of the Renter.
6. The Renter agrees to furnish any license required to operate the
trailer in state of registration; and any special license as may be required for
rental purpose.
7. It is agreed that any penalties or fines incurred, local, state, or
federal, during the period covered, either for overweight of license or other
violation, shall be the responsibility of the Renter.
8. It is agreed that the Renter will furnish adequate Public Liability and
Property Damage Insurance to meet prescribed minimums as established by the
various states. Renter shall indemnify and hold harmless Lessor from all claims
and expenses thereof, including attorney fees.
9. Cargo insurance protection shall be the responsibility of the Renter.
10. All maintenance costs shall be the responsibility of the Renter. The
Lessor shall be given access to the vehicle upon reasonable request to inspect
maintenance functions. All repairs shall be done at expense of Renter
11. The trailer shall be returned to the Lessor by the Renter in like
condition as received, excepting for fair wear and tear. Adequate physical
damage insurance shall be carried by the Renter.
12. The term of rental to begin at 8:00 (AM) (PM) on the 7th day of August
2003 and to terminate at ______________ (AM) (PM) on the ___________ day of
______________ _________ unless changed in writing by agreement between parties.
13. Charge for rental shall be: ___________________________________
14. This vehicle shall be used in furtherance of the primary business of
the Renter.
LLL, LLC
/s/ Xxx Xxxxxx 7135 Centennial Place,
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(Name of Lessor) (Address)
Xxxxxxxxx XX 00000
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(City) (State) (Zip) (Ph. No. (AC))
By:
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Western Express, Inc. 0000 Xxxxxxxxxx Xxxxx
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(Name of Renter) (Address)
Xxxxxxxxx XX 00000 615-259-9920
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(City) (State) (Zip) (Ph. No. (AC))
By: /s/ Xxxxx Xxxxxxxx/Western Express, Inc.
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TRAILER FLT OWNER LICENSE YEAR TRAILER TRAILER DIV TRLR
ID NUMBER MAKE SERIAL NUMBER NBR TYPE
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