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Operational Lease Agreement

Date of Agreement

Lessor (owner/operator – operator):

Lessee (carrier being leased onto):

OPERATIONAL LEASE AGREEMENT

This agreement, made this

between:

Lessor (owner/operator – operator):

Lessee (carrier being leased onto):

Whereas, Carrier is a Federal Motor Carrier Safety Administrator (FMCSA) regulated motor carrier engaged in the transportation of commodities and goods for hire.

Whereas, Owner-operator is an independent contractor and the owner of, or has the rights to lease, automotive equipment suitable and qualified for over the road for hire transportation services and the owner-operator desires to lease with a qualified driver.

Lessor hereby agrees to:

1)Leases to and delivers to the Lessee the following below described motor vehicle(s)

beginning

ending

2)Is solely responsible for all costs of owning, maintaining and repairing all equipment used by the Lessor in performing under this agreement as well as all personnel costs and salaries. These costs include, but are not limited to, expenses of purchasing, renting or leasing equipment, bonding, physical damage and liability insurance, licensing fees, and other registration costs, fees and expenses, federal withholding, FICA, oil, tires, medical expenses, highway use taxes, unemployment taxes and worker’s compensation insurance, fuel, garaging, parts and other items necessary to operate and maintain the equipment. The Lessor is also solely responsible for all costs of traffic violations. 3)That the Lessor is the legal owner or guardian of said vehicle(s) described as follows:

Tractor Unit #

Year

Make

VIN

4)Lessor may produce and maintain the following insurance coverage’s during the term of this agreement: Physical damage and non-trucking (bobtail). However, this insurance is optional and the Lessor will keep the Carrier harmless of all responsibilities or claims applied to this specific type of coverage. 5)Lessor shall pay the following taxes: federal, local, sales, highway use, possession, excise, personal property, assessments, penalties, FICA, medicare, withholding taxes, unemployment compensation, workman’s compensation, medicare and social security imposed on or in connection with service provided under this lease agreement. 6)Lessor shall be responsible for over-size or over-weight violations where the seals of the shipments tendered to Lessor are not intact or oversize/overweight violation is plainly determinable by or is due to acts or omissions of the Lessor. 7)Lessor will provide with copies and originals of BOL, repairs during the route, maintenance records and any other documentation related such as records of duty, fuel receipts, etc. 8)Lessor agrees to indemnify and hold harmless Lessee for all claims, costs, losses, damages, injuries, deaths, and expenses including attorney’s fees arising out of:

a) Lessor’s failure to comply with the provisions of this lease agreement.
b) Lessor’s failure to comply with applicable Federal, State, and/or Local laws, regulations, ordinances, or employer’s responsibilities.
c) Lessor’s use, maintenance, or operation of the equipment.
d) Lessor’s intentional or negligent misuse or handling of the equipment or shipments being transported.
e) Any combination of the above.

9)Lessor will be responsible for removing identification devices and paperwork from the equipment upon the termination of this lease and returning it to the Lessee.

Lessee hereby agrees to:

1)To issue and maintain liability and cargo insurance coverage for the protection of the public pursuant to FMCSA regulations under 49 U.S.C. 13906. 2)The relationship between the Lessee and Lessor is that of an independent contractor. 3)Escrow: (If applicable)

an escrow of

is required and will be accumulated as follows:

per

until total amount is accrued.

Compensation:

Lessee will pay Lessor (minus any charge back items) for the equipment and driver’s services in the following manner and

will be paid within

days after submission of all necessary delivery documents.

Signed, sealed and delivered in the presence of:

Lessor (Owner/operator-operator):

Signature:

Signature

Lessee (Carrier):

Signature: Opal Mullings

Signature