Equipment Checkout Agreement

    Lessor: Story2Movie Studio LLC.
    Lessee:

    Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the following described equipment (“Equipment”):

    Use
    Lessee shall use the Equipment in a careful and proper manner and shall comply with and conform to all applicable laws, ordinance, and regulations in any way relating to the use or possession of the Equipment.

    Ownership
    The Equipment remains at all times the sole and exclusive property of Lessor. The Lessee has no rights or claims to the Equipment. Lessor makes no claims to images, video, or sound recordings made by the Lessee while using the Equipment.

    Damaged or Modified Equipment
    Lessee shall keep the Equipment in good repair and condition.
    Lessee shall not materially modify or alter the Equipment.

    • In the event of any material modifications, Lessee will be responsible for all reasonable costs of Lessor in restoring the Equipment to its normal condition.
    • Lessee assumes and shall bear the entire risk of damage to the Equipment from any cause, except damage in the possession of the Shipper, during the term of the Lease.
    • Unless pre-existing damage is reported to Lessor within 24 hours after Lessee takes possession of the Equipment, it is assumed any damage to the equipment occurred during the term of the Lease.
    • If there is a dispute between Lessor and Lessee as to whether damage occurred in possession of the Shipper, the equipment shall be sent to an external repair facility. The opinion of the repair facility, as to the cause of the damage, shall be binding on the parties.
    • In the event of damage, Lessor shall choose the repair method and venue, within reason.
    • If Lessor chooses an external venue for repair, Lessee is responsible for the total cost of repair, if commercially reasonable.
    • At Lessor’s discretion, a cleaning fee may be charged if any of the following must be removed from the equipment upon return:
      • Smoke
      • Mud or dirt
      • Chalk or powder
      • Sand
      • Any other matter that must be removed from the Equipment before it is placed back in Lessor’s inventory

    Loss of Equipment
    Lessee assumes and shall bear the entire risk of loss of the Equipment from any cause during the term of the Lease.

    • Lost or Stolen Equipment – In the event that the Equipment is reported by Lessee to be lost or stolen during the term of the Lease, Lessee is liable to Lessor for the replacement value of the Equipment.
    • Unreturned Equipment – If the Equipment is not returned within seven days of lessor’s written request, the Lessee shall be liable for the replacement value of the Equipment.

    Missing Accessories
    In the event of any missing accessories (caps, hoods, tripod rings, bags, etc.), Lessee is fully liable to Lessor for the replacement cost of the missing items.

    By singing this agreement, lessee agrees to all terms mentioned above.

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