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neoposb iiiii1 I iiiiiii 1 S r 0 I 10 N S
<br /> GOVERNMENT PRODUCT LEASE AGREEMENT continue for the number of months shown on the applicable
<br /> purchase order ("Initial Term"). At the conclusion of the
<br /> In this Product Lease (the "Lease"), the words "You" and Initial Term of an LTOP Lease,we shall(i)transfer title of all
<br /> "Your"mean the lessee,which is the participating agency that hardware Products to You as set forth in Section 23; and (ii)
<br /> issues a purchase order for a lease with Us. "We," "Us" and Your license to use any Software Products shall continue
<br /> "Our" mean the lessor, MailFinance Inc. "Supplier"refers to without the need to make any further license payments to Us.
<br /> either Neopost USA Inc., or any other third party that has 4. Payments. Lease Payments, and other charges provided
<br /> manufactured,or is providing services related to,the Products. for herein, are payable in arrears periodically as stated on the
<br /> 1. Lease of Products. THIS LEASE IS purchase order ("Lease Payment"). You agree to make Lease
<br /> UNCONDITIONAL AND NON-CANCELABLE(except as Payments to Us at the address specified on Our invoices, or at
<br /> provided in Section 24, below) during the Initial Term (as any other place designated by Us within thirty(30)days of the
<br /> defined below). You agree to lease from Us the equipment, date of Our invoice.
<br /> embedded software, Software, and other products listed on the 5. Delivery and Location of Products. The Products will
<br /> purchase order, together with all existing and future be delivered to You at the delivery address specified on the
<br /> accessories, embedded software programs, attachments, purchase order("Delivery Address") or, if no such location is
<br /> replacements, updates, additions and repairs, (collectively the specified, to Your invoice address. Your acceptance of the
<br /> "Products") upon the terms stated herein. For the avoidance Products occurs upon delivery of the Products. You shall not
<br /> of doubt, postage meters for use in mailing machines are remove the Products from the Delivery Address unless You
<br /> excluded from the definition of Products. The term first get Our written permission to do so.
<br /> "Software" means any software that is subject to this Lease, 6. Ownership, Use, and Maintenance of Products. We
<br /> other than software programs that are embedded in the will own and have title to the Products during the Lease. You
<br /> hardware. Software is subject to the additional terms as may agree that the Products are and shall remain personal property.
<br /> be provided by the Supplier. You authorize Us to record(and amend,if appropriate)a UCC
<br /> 2. Promise to Pay. You promise to pay to Us the lease financing statement to protect Our interests.You represent that
<br /> payment shown on the purchase order ("Lease Payment") in the Products will be used solely for commercial purposes and
<br /> accordance with the payment schedule set forth thereon, plus not for personal, family or household purposes. At Your own
<br /> all other amounts stated in this Lease. cost, You agree to maintain the Products in accordance with
<br /> 3. Initial Term;Renewal. the applicable operation manuals and to keep the Products in
<br /> 3.1 FMV Lease. The Initial Term of this Lease good working order,ordinary wear and tear excepted.
<br /> will begin on the date the Products are installed and will 7. Assignment of Supplier's Warranties. We hereby
<br /> continue for the number of months shown on the applicable assign to You any warranties relating to the Products that We
<br /> purchase order("Initial Term"). Unless You have opted for an may have received from the Supplier.
<br /> LTOP Lease as described in Section 23, You must notify Us 8. Relationship of the Parties. You agree that You, not
<br /> in writing at least thirty (30) days before the end of the Initial We, selected the Products and the Supplier, and that We are a
<br /> Term that You intend to either (i) return the Products at the separate company from the Supplier and that the Supplier is
<br /> end of the Initial Term; or(ii)purchase the Products pursuant not Our agent. IF YOU ARE A PARTY TO ANY POSTAGE
<br /> to Section 22. If You have not opted for an LTOP lease and METER RENTAL, MAINTENANCE, SERVICE, SUPPLIES
<br /> You fail to give us such notice, then this Lease will OR OTHER CONTRACT WITH ANY SUPPLIER,WE ARE
<br /> automatically renew for consecutive periods of one (1) month NOT A PARTY THERETO, AND SUCH CONTRACT IS
<br /> each(each a"Renewal Period"). The amount You pay for the NOT PART OF THIS LEASE (EVEN THOUGH WE MAY,
<br /> Products will remain unchanged during each Renewal Period. AS A CONVENIENCE TO YOU AND THE SUPPLIER,
<br /> We will not notify You that the Initial Term or any Renewal BILL AND COLLECT MONIES OWED BY YOU TO
<br /> Period is ending. You may terminate this Lease at the THEM).
<br /> conclusion of any Renewal Period by giving Us thirty (30) 9. Default. You will be in default under this Lease if You
<br /> days prior written notice of Your intent to do so. If You notify fail to pay any amount within ten(10)days of the due date or
<br /> Us in writing that You intend to terminate the Lease, as set fail to perform or observe any other obligation in this Lease.
<br /> forth above, You shall either return the Products pursuant to If You default,We may,without notice to You, do any one or
<br /> Section 12 of this Lease or purchase the products pursuant to more of the following, at Our option, concurrently or
<br /> Section 22. separately: (A)cancel this Lease; (B)require You to return the
<br /> 3.2 LTOP Lease. If you have opted for an Products pursuant to Section 12 below; (C) take possession of
<br /> LTOP Lease as described in Section 23, then the term of this and/or render the Products unusable, and for such purposes
<br /> Lease will begin on the date the Products are installed and will You hereby authorize Us and Our designees to enter Your
<br /> Page 1 of 7 Branch Government Lease T&Cs 5/15/12
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