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insurance policy (or certificate) 1. risks amp; coverage (1)free from particular average (f.p.a.) (2)with particular average (w.a.) (3)all risk (4)total loss only (t.l.o.) (5)war risk (6)cargo(extended cover)clauses (7)additional risk (8)from warehouse to warehouse clauses (9)theft,pilferage and nondelivery (t.p.n.d.) (10)rain fresh water damage (11)risk of shortage (12)risk of contamination (13)risk of leakage (14)risk of clashing amp; breakage (15)risk of odour (16)damage caused by sweating and/or heating (17)hook damage (18)loss and/or damage caused by breakage of packing (19)risk of rusting (20)risk of mould (23)deterioration risk (24)inherent vice risk (25)risk of natural loss or normal loss (26)special additional risk (27)failure to delivery (28)import duty (29)on deck (30)rejection (31)aflatoxin (32)fire risk extension clause-for storage of cargo at destination hongkong, including kowloon, or macao (33)survey in customs risk (34)survey at jetty risk (35)institute war risk (36)overland transportation risks (37)overland transportation all risks (38)air transportation risk (39)air transportation all risk (40)air transportation war risk (41)parcel post risk (42)parcel post all risk (43)parcel post war risk (44)investment insurance(political risks) (45)property insurance (46)erection all risks (47)contractors all risks 2. the stipulations for insurance (1)marine insurance policy (2)specific policy (3)voyage policy (4)time policy (5)floating policy (or open policy) (6)ocean marine cargo clauses (7)ocean marine insurance clauses (frozen products) (8)ocean marine cargo war clauses (9)ocean marine insurance clauses (woodoil in bulk) (10)overland transportation insurance clauses (train, trucks) (11)overland transportation insurance clauses (frozen products) (12)air transportation cargo insurance clauses (13)air transportation cargo war risk clauses (14)parcel post insurance clauses (15)parcel post war risk insurance clauses (16)livestock amp; poultry insurance clauses (by sea, land or air)-master lease agreementnumber 12809this master lease agreement is dated and effective as of_,_,_(m,d,y) , (the effective date), by and between aaa inc., a _ corporation, located at _ (together with any successors or assigns, the lessor), and the lessee indicated below (the lessee).lesseefull legal name trade name bbbmailing address city state zip_ _ city _ _type of legal entity state of organization date of establishment corporation _ _1. lease. lessor hereby leases to lessee and lessee hereby leases fromlessor all of the tangible personal property listed on each equipment schedule executed from time to time pursuant to this agreement (each, an equipment schedule). each equipment schedule shall besubstantially in the form annexed hereto as annex a, shall incorporate by reference therein all of the terms and conditions of this agreement and shall include such other terms and conditions upon which the parties have agreed (each equipment schedule, together with this agreement as it relates to such schedule, is referred to herein as a lease). with respect to each lease, capitalized terms not defined in this agreement shall have the meanings stated in the applicable equipment schedule.2. net lease. each lease is a net lease, and lessee shall pay all costsand expenses of every character, whether foreseen or unforeseen, ordinary or extraordinary, in connection with the use, possession, storage, maintenance and repair of the equipment. lessee isunconditionally obligated to pay periodic rent and all other amounts due under each lease regardless of any defect in or damage to the equipment, loss of possession or use of the equipment or destruction of the equipment from any cause whatsoever. lessees obligations under each lease shall continue until specifically terminated as providedtherein. lessee is not entitled to any abatement, reduction,recoupment, defense, or set-off against periodic rent or other amounts due to lessor under each lease, whether arising out of such lease (including any breach, default or misrepresentation of lessor) or out of lessors strict liability or negligence, or otherwise.4. rent. lessee agrees to pay periodic rent in the amount specified in each equipment schedule (the periodic rent). the initial periodic rent payment for each lease shall be due on the date the equipment is accepted by lessee and subsequent periodic rent payments shall be due as specified on the applicable equipment schedule. all periodic rent and other amounts payable under each lease (collectively referred to herein as rent) shall be paid to lessor at the address specified on the applicable equipment schedule or at such other address as lessor may specify thereafter in writing. if any periodic rent or other rent payment is not paid within 10 days of its due date, lessee agrees to pay as additional rent a late charge equal to 5% of such unpaid rent payment plus 1 1/2% per month of any amount due and unpaid for more than 30 days, or, if less, the maximum amount permitted underapplicable law. periodic rent payable during any automatic renewal period described in section 3 hereof shall be equal to the highest periodic rent payable during the initial lease term.lessee hereby agrees that the amount of the periodic rent payments and purchase option price under each lease shall be adjusted to reflect any change in the cost to lessor set forth in the applicable equipment schedule as a result of equipment change orders or returns, invoicing errors or other similar events. in the event of any such adjustment, lessor willfurnish to lessee a written notice stating the final cost to lessor, periodic rent and purchase option price.6. use, operation and return of equipment.(a) lessee agrees at its own expense to: (i) maintain the equipmentin good appearance and condition, reasonable wear and tear(b) lessee agrees not to attach to the equipment any accessory,(c) provided that no default, as defined herein, has occurred and iscontinuing, lessee is authorized on behalf of lessor to enforce in its own name (and at its own expense) any warranty, indemnity, or rights to damages relating to the equipment which lessor has against the supplier of such equipment.(d) not later than the expiration date of each lease term, lesseeagrees, at its own expense and risk, to: (i) effect any repairs necessary to place the applicable equipment in the same condition as when received by lessee, reasonable wear and tear excepted; (ii) cause such equipment to be disassembled and crated in a workmanlike manner in accordance with the manufacturersfreight prepaid, to a carrier selected by lessor for shipment to a location in the continental u.s. selected by lessor.reasonable wear and tear does not include (i) burns, tears in material or large scratches, gouges, dents, discolorations or stains, (ii) damage to drawers, runners, or locks such that they are not in good working order or (iii) the loss of all keys for any locks.(e) if lessee shall, for any reason whatsoever, fail to return anyequipment at the time required by the applicable lease, theobligations of lessee as provided in such leas

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