Personal Property Lease Agreement


This agreement is made by and between _________________________________________ (the “Lessor”) and _____________________________________________ (the “Lessee”).

1. The Lessor hereby leases to the Lessee, and the Lessee hereby leases from the lessor, beginning on _________________ and terminating on ______________________, the property described below (the “Property”): CopyMate copier, Model #2500, Serial #6402748929328

2. The Lessee shall pay to the Lessor as rent the sum of $___________ per month payable in advance on or before the ________ day of each month, the first such payment being due on _________________. Payment of rent shall be made to the Lessor at the following address: 201 Wacker Drive, Suite 622, Chicago, IL 60602

3. The Lessee agrees to use the Property in a careful manner and in compliance with applicable laws and regulations, and at the end of the lease term shall return the Property to the Lessor in the same condition as it was received by the Lessee, normal wear and tear excepted.

4. The Lessor shall not be liable for any liability, loss, or damage caused by the Property or its use that does not result directly and wholly from the negligence of the Lessor.

IN WITNESS WHEREOF the parties have signed this agreement under seal on ____________ _________.

Lessor: Scrupulous Corporation                         Lessee: Scrupulous Associates,
                                                                         a general partnership
___________________________________ _____________________________(Seal)
Henry Hardy, President                                    Roberta Moore, Partner
___________________________________ ___________________________________
Calvin Collier, Secretary
(Corporate Seal) al)