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3q <br />t E A 5 1 N 6 <br />S T S T E •' <br />MACK LEASING SYSTEM <br />NET LEASE AGREEMENT <br />THIS NET LEASE AGREEMENT, made this day of , <br />20 ,between TranSource, Inc., with offices at 8700 Triad <br />Drive, Colfax, NC 27235 ("Lessor"), and, <br />,a <br />(Corporation, partrrership, or inAivitluap <br />~ f <br />("Customer"). <br />with its primary office at <br />(Street) (City) (State) (Zip) <br />WITNESSETH: <br />1. LEASED PROPERTY AND TERM. Lessor hereby agrees to lease to Customer, and <br />customer hereby agrees to lease from Lessor, under the terms and <br />conditions hereinafter set forth in any and all Schedule(s) A and in this Net <br />Lease Agreement (collectively, "Lease Agreement"), the vehicle(s), <br />including any accessories (hereinafter individually or collectively <br />called the "Property"), described on Schedule A and on such additional <br />Schedule(s) A as from time to time hereafter may be executed by Lessor <br />and Customer. Each Schedule A shall be deemed a separate lease <br />agreement with respect to the vehicle(s) described therein, and each <br />Schedule A shall be deemed to incorporate by reference the. terms and <br />provisions of this Net Lease Agreement. This Lease Agreement shall <br />become effective with respect to each vehicle as of the date the Property <br />comes under the physical control of Customer or its agent (hereinafter <br />called the "Date In Service") and shall continue for the term of the Lease <br />Agreement specified in Schedule A, unless sooner terminated as <br />hereinafter provided. Acceptance of the Property by Customer shall <br />constitute an acknowledgment by Customer that the Property is in good <br />order and condition and complies with Customer's specifications. <br />Title to and ownership of the Property at all times shall be and remain in <br />Lessor, notwithstanding the use thereof by Customer under this Lease <br />Agreement. Customer shall not by these presents acquire any ownership <br />rights in the Property. <br />