ABM+-+HP+NASPO+Lease+Agreement.pdf

Lease Number

Advanced Business Methods 4480 Coleman St

Bismarck, ND 58503

(701) 250-0597

State of North Dakota-NASPO Contract #187822 and State Contract PA131

State of North Dakota Lease/Rental Digital Copier Equipment and Multifunctional Devices Contract

Date Contract Commencement Date Date placed in service P.O. # Sales Rep Check here if State Agency

Purchasing Entity Name and Installation Address

Contact:

Phone/Fax: /

Purchasing Entity Name and Billing Address

Billing Contact:

Phone/Fax: / FM Audit Customer

Base Rate Base Billing Cycle Copy Allowance Overage Overage Billing Cycle

Add Network Support to your maintenance contract for $per month Yes No Customers initials

Financial Type: Contract Term: Base Billing Cycle: in lease payment

Qty Product # Description (Make Model Serial Number) Unit Price Total Price

USMA - USMA - Ultimate Service Maintenance Agreement: Provides support for all equipment listed on this agreement, including trip charges, inspections, on-call repair service, all parts and supplies. (Excludes Networking support and paper)

Total Monthly Payment Amount Before Sales Tax $0.00

The State of ND acknowledges receipt of this agreement and reading and understanding the terms and conditions contained herein and the undersigned affirms that he/she is a duly authorized authority to execute this agreement.

Customer Acceptance Dealer Representative Authorized Signature Print Name Date Signature Date

Terms and Conditions State of North Dakota Lease Maintenance Agreement

TERMS AND CONDITIONS

Per terms and conditions of NASPO Agreement RFP No#187822

HP Inc. is the contract holder on the participating state contract number NASPO187822 for multifunction copiers and related software. HP Inc. has appointed the dealer, Advanced Business Methods (ABM or US), to perform certain obligations under the contract.

Scope ABM will be responsible for performing HP Inc. obligations concerning order processing, shipping, invoicing, and collection of monies, under the contract as they relate to the purchase, lease/rental, and maintenance of copiers.

Dealer Responsibilities ABM agrees to abide by all the terms and conditions of the contract and supplemented copies. All references to Vendor, HP Inc. or Contractor in the contract are applicable to the scope of the dealer’s responsibilities and shall be deemed to refer to the dealer as if the contract were directly between NASPO and the participating State of North Dakota.

TERMS AND CONDITIONS

Per terms and conditions of NASPO Agreement RFP No#187822-PA131

1. TERM

This Agreement shall become effective on the date it is accepted by the Lessor (ABM, Lessor, we or us) and shall continue for the lease term as specified.

2. LEASE RENTAL PAYMENT

A. During the term of this Agreement, the State of North Dakota (Lessee or you) agrees to pay the monthly installments for the equipment.

B. If you do not provide us with such written notice and either return of all the Equipment at the end of the term, then this lease will automatically renew on a month-to-month basis and all the provisions of this Lease shall continue to apply, including without limitations, your obligations to remit Lease Payments, Lease charges. and other charges, until all of the Equipment is either returned to us or purchased by you.

3. TERMINATION OF LEASE RENTAL

A. Lessee, if not in default in any obligation hereunder, may terminate the lease/rental as specified under contract NASPO

187822 PA131 When these payments have been fully satisfied, the lessee must surrender the equipment as described in Paragraph 8.

B. Termination for lack of funding or authority. Lessee by written notice of default to Lessor, may terminate the whole or any part of this contract, under any of the following conditions:

1. If funding from federal, state, or other sources is not obtained and continued at levels sufficient to allow for purchase of the services or supplies in the indicated quantities or term.

2. If federal or state laws or rules are modified or interpreted in a way that the services are no longer allowable or appropriate for purchase under this contract or are no longer eligible for the funding proposed for payments authorized by this contract.

4. INSTALLATION

The equipment shall be installed at the installation address shown on the face of this Agreement.

5. EQUIPMENT TITLE

A. The equipment is, and shall at all times remain the sole and exclusive property of the ABM.

B. Lessee will not remove any ownership identification or permit any lien or encumbrances of any kind against the Equipment.

6. SECURITY INTEREST

ABM reserves and Lessee hereby grants to ABM a security interest in the Equipment and all additions, replacements, substitutions.

7. USE AND LOCATION OF EQUIPMENT

A. Lessee shall use the Equipment in a careful and proper manner and shall not be misused, abused, wasted or allowed to deteriorate, except for ordinary wear and tear resulting from its intended use.

B. Lessee shall be responsible for loss or damage to Equipment. Lessee shall pay for any repairs or replacements made necessary by Lessee's intentional or negligent act.

8. SURRENDER

Upon expiration hereof or early termination of this lease/rental hereunder, the Lessee shall return the Equipment to ABM in the same condition as when delivered to Lessee, less reasonable wear and tear expected, as ABM may specify.

9. ASSIGNMENT

Without the prior written consent of ABM, the Lessee shall not assign, transfer, pledge this Lease/Rental, the Equipment or any part thereof, or lend the Equipment or permit it to be used by anyone other than Lessee or Lessee's employees.

Customer Initials