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Equipment is being leased on an as is basis. Lessee acknowledges that it was not induced to enter <br /> into this agreement by any representations or warranty made by Lessor respecting the condition or <br /> state of the Equipment, or the operability or capacity there of, after same has been shipped, unloaded <br /> and installed. Lessee in entering into this agreement has relied on its own inspection and familiarity <br /> with the Equipment and on its own ability to supervise the unloading, installation and operation of <br /> same. <br /> 10. This lease shall not be subject to cancellation or termination by Lessee during the initial term or during <br /> any renewal or extended term of this lease. This lease is therefore irrevocable forthe full term and any <br /> extension or renewal hereof, and until the total rental provided herein has been paid by Lessee. Rental <br /> shall not abate during the term because Lessee's right to possession of Equipment has terminated. <br /> 11. Lessor may assign this lease and, in such event, the assignee shall succeed to all rights of Lessor <br /> hereunder. Such assignee's rights underthis lease to the rental provided for herein and to Equipment <br /> shall be free from all defenses, set offs or counterclaims which Lessee may be entitled to assert <br /> against Lessor. Such assignments shall not relieve Lessor of any of its obligations to Lessee <br /> hereunder and shall not be construed as being an assumption of such obligations by the assignee. <br /> Notwithstanding such assignment, Lessee may claim separately against Lessor as to the matters <br /> which Lessee may be entitled to assert underthis lease. If Lessee shall have reason to believe it has <br /> any claim against Lessor arising in any way out of this lease or Equipment, Lessee shall notify Lessor, <br /> in writing, within 30 days after Lessee knows or has reason to know the basis of any such claim. <br /> Failure to give such notice shall relieve Lessor from any liability on any such claim. <br /> 12. If Lessee should fail to pay rental as herein provided for within 10 days from date the same is due and <br /> payable, or if Lessee should breach any other provision of this lease and fail to correct such breach <br /> within 10 days after notice thereof from Lessor, or if Lessee becomes insolvent, ceases doing <br /> business as a going concern, or commits an act of bankruptcy, then all unpaid installments of rent <br /> provided for herein to be paid during the full term of this lease shall become immediately due and <br /> payable and shall bear interest at the highest legal contract rate until paid in full. Upon default under <br /> any provision of this agreement, Lessee shall be liable for all arrears of rent, if any; the expense of <br /> retaking possession and removal of the Equipment; the balance of rentals provided for herein or any <br /> deficiency after sale; and attorney's fees in an amount equal to 15%of the balance due if allowed by <br /> law. In the event of default, Lessor, at its option and addition to, without prejudice to any other <br /> remedies, may enter upon Lessee's premises and without court order or other process of law, <br /> repossess and remove any or all Equipment. Any such repossession shall not constitute a termination <br /> of this lease unless Lessor so notifies lessee in writing. Lessor, at its option, may (I) lease <br /> repossessed Equipment or any part thereof to any third party upon terms and conditions as Lessee <br /> may determine,or(ii)sell repossessed Equipment or any part thereof to the highest bidder at a private <br /> sale or public auction at which Lessor may be a bidder. The net proceeds of such leasing or sale, less <br /> Lessor's expenses in connection therewith, including attorney's fees as set forth above, shall be <br /> applied to the total unpaid rental provided for herein. <br /> 13. Lessor shall not be liable for any direct or consequential damages arising out of any delay or failure <br /> of perFormance underthis lease or of the Equipment occasioned by accident, negligence,Acts of God, <br /> labor difficulties, governmental action, or any other like or unlike cause beyond Lessor's control. <br /> 5 <br />