Rental Terms

EQUIPMENT RENTAL AGREEMENT AND ADDITIONAL SOFTWARE TERMS OF USE 
THIS EQUIPMENT RENTAL AGREEMENT (this “Agreement”)

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BETWEEN:

Humulo Virtual Reality LLC 
 

(the “Lessor”)
 

– AND –
 

  the “Lessee” 

OF THE SECOND PART 

(the Lessor and Lessee are collectively the “Parties”)  

IN CONSIDERATION OF the mutual covenants and promises in this Agreement, the receipt and
sufficiency of which consideration is hereby acknowledged, the Lessor leases the Equipment to the
Lessee, and the Lessee leases the Equipment from the Lessor on the following terms:
 

Definitions
 

1. The following definitions are used but not otherwise defined in this Agreement:

1.  “Casualty Value” means the market value of the Equipment at the end of the Term or
   when in relation to a Total Loss, the market value the Equipment would have had at the
   end of the Term but for the Total Loss. The Casualty Value may be less than but will not
   be more than the original purchase price of the Equipment.
    
2.  “Equipment” means Virtual Reality Headset/controllers/chargers/case which has an approximate value of $699.00 and/or other equipment otherwise included in the rental.

1. “Total Loss” means any loss or damage that is not repairable or that would cost more to
   repair than the market value of the Equipment.

Lease
 

1.  The Lessor agrees to lease the Equipment to the Lessee, and the Lessee agrees to lease the
   Equipment from the Lessor in accordance with the terms set out in this Agreement.
    

Term
 

1.  The Agreement commences on upon confirmed drop off by the shipping carrier and will continue until successful scan-in for return by the shipping carrier.
    

Rent and Deposit
 

1.  The rent for the Equipment, inclusive of sales tax, will be noted in your checkout cart. (the
   “Rent”) and the Rent will be paid prior to the Lessee taking possession of the Equipment.
    

Purchasing the Equipment
 

1.  The Lessee has the option to purchase the Equipment at the end of the Term by paying the following amounts:

a.the Residual Value of the Equipment; and
b. any fees, taxes, and expenses related to the purchase of the Equipment.
 

1.  After the Lessee has paid all of the costs and fees associated with purchasing the Equipment, the
   Lessor will return the following amounts, or the remaining portions of these amounts, to the
   Lessee:
   A. any money received from an insurance claim or action that is not used to repair or replace the Equipment.
    

Use of Equipment
 

1.  The Lessee will use the Equipment in a good and careful manner and will comply with all of the
   manufacturer’s requirements and recommendations respecting the Equipment and with any
   applicable law, whether local, state or federal respecting the use of the Equipment, including, but
   not limited to, environmental and copyright law.
    
2.  The Lessee will use the Equipment for the purpose for which it was designed and not for any
   other purpose.
    
3.  Unless the Lessee obtains the prior written consent of the Lessor, the Lessee will not alter,
   modify or attach anything to the Equipment unless the alteration, modification or attachment is
   easily removable without damaging the functional capabilities or economic value of the
   Equipment.
    

Warranties
 

1.  The Equipment will be in good working order and good condition upon delivery.
    
2.  The Equipment is of merchantable quality and is fit for the purposes it is ordinarily used.
    

Loss and Damage
 

1.  To the extent permitted by law, the Lessee will be responsible for risk of loss, theft, damage or
   destruction to the Equipment from any and every cause.
    
2.  If the Equipment is lost or damaged, the Lessee will continue paying Rent, will provide the
   Lessor with prompt written notice of such loss or damage and will, if the Equipment is
   repairable, put or cause the Equipment to be put in a state of good repair, appearance and
   condition.
    
3.  In the event of Total Loss of the Equipment, the Lessee will provide the Lessor with prompt
   written notice of such loss and will pay to the Lessor all unpaid Rent for the Term plus the
   Casualty Value of the Equipment, at which point ownership of the Equipment passes to the
   Lessee.
    

Ownership, Right to Lease and Quiet Enjoyment
 

1.  The Equipment is the property of the Lessor and will remain the property of the Lessor.
    
2.  The Lessee will not encumber the Equipment or allow the Equipment to be encumbered or
   pledge the Equipment as security in any manner.
    
3.  The Lessor warrants that the Lessor has the right to lease the Equipment according to the terms
   in this Agreement.
    
4.  The Lessor warrants that as long as no Event of Default has occurred, the Lessor will not disturb
   the Lessee’s quiet and peaceful possession of the Equipment or the Lessee’s unrestricted use of
   the Equipment for the purpose for which the Equipment was designed.
    

Insurance
 

1.  No insurance coverage for the Equipment is required under this Agreement.
    

Taxes
 

1.  The Lessee will report and pay all taxes, fees and charges associated with the Equipment, with
   the use of the Equipment, and with revenues and profits arising out of the use of the Equipment,
   including, but not limited to, sales taxes, property taxes, and license and registration fees. The
   Lessee will pay any and all penalties and interest for failure to pay any tax, fee or charge on or
   before the date on which the payment is due. The Lessee will pay any and all penalties and
   interest for failure to report required information to any taxing authority with jurisdiction over
   the Lessee or the Equipment. If the Lessee fails to do any of the foregoing, the Lessor may, but
   is not obligated to, do so at the Lessee’s expense.
    
2.  Notwithstanding any other provision of this Agreement, the Lessee will not be required to pay
   any tax, fee or charge if the Lessee is contesting the validity of same in the manner prescribed by
   the legislation governing the imposition of same, or in the absence of a prescribed form, in a
   reasonable manner. However, the Lessee will indemnify and reimburse the Lessor for damages
   and expenses incurred by the Lessor arising from or related to the Lessee’s failure to pay any tax,
   fee or charge, regardless of whether the Lessee is contesting the validity of the same or not.
3.  If the Lessee fails to pay any and all taxes, fees, and charges mentioned in this Agreement and
   the Lessor, on behalf of the Lessee, pays the same, the Lessee will reimburse the Lessor for the
   cost upon notification from the Lessor of the amount.
    

Indemnity
 

1.  The Lessee will indemnify and hold harmless the Lessor against any and all claims, actions,
   suits, proceedings, costs, expenses, damages and liabilities, including attorney’s fees and costs,
   arising out of or related to the Lessee’s use of the Equipment.
    

Default
 

1.  The occurrence of any one or more of the following events will constitute an event of default
   (“Event of Default”) under this Agreement:
    
2.  The Lessee fails to pay any amount provided for in this Agreement when such amount is
   due or otherwise breaches the Lessee’s obligations under this Agreement.
    
3.  The Lessee becomes insolvent or makes an assignment of rights or property for the
   benefit of creditors or files for or has bankruptcy proceedings instituted against it under
   the Federal bankruptcy law of the United States or another competent jurisdiction.
    
4.  A writ of attachment or execution is levied on the Equipment and is not released or
   satisfied within 10 days.
    

Remedies
 

1.  On the occurrence of an Event of Default, the Lessor will be entitled to pursue any one or more
   of the following remedies (the “Remedies”):
    
2.  Declare the entire amount of the Rent for the Term immediately due and payable without
   notice or demand to the Lessee.
    
3.  Apply the Deposit toward any amount owing to the Lessor.
    
4.  Commence legal proceedings to recover the Rent and other obligations accrued before
   and after the Event of Default 
5.  Take possession of the Equipment, without demand or notice, wherever same may be
   located, without any court order or other process of law. The Lessee waives any and all
   damage occasioned by such taking of possession.
    
6.  Terminate this Agreement immediately upon written notice to the Lessee.
    
7.  Pursue any other remedy available in law or equity.
    

Assignment
 

1.  THE LESSEE WILL NOT ASSIGN THIS AGREEMENT, THE LESSEE’S INTEREST IN
   THIS AGREEMENT OR THE LESSEE’S INTEREST IN THE EQUIPMENT WITHOUT THE
   PRIOR WRITTEN CONSENT OF THE LESSOR.
    
2.  If the Lessee assigns this Agreement, the Lessee’s interest in this Agreement or the Lessee’s
   interest in the Equipment without the prior written consent of the Lessor, the Lessor will have
   recourse to the Remedies and will be entitled to all damages caused by the transfer to the extent
   that the damages could not reasonably be prevented by the Lessor.
    
3.  THE LESSOR WILL NOT ASSIGN THIS AGREEMENT, THE LESSOR’S INTEREST IN
   THIS AGREEMENT OR THE LESSOR’S INTEREST IN THE EQUIPMENT WITHOUT THE
   PRIOR WRITTEN CONSENT OF THE LESSEE. THE LESSOR WILL NOT ASSIGN OR
   TRANSFER THE LESSOR’S RIGHT TO COLLECT RENT OR ANY OTHER FINANCIAL
   OBLIGATION OF THE LESSEE.
    
4.  If the Lessor assigns this Agreement, the Lessor’s interest in this Agreement or the Lessor’s
   interest in the Equipment without the prior written consent of the Lessee, the Lessee will be
   entitled to terminate this Agreement without penalty.
    

Additional Documents
 

1.  Upon written demand by the Lessor, the Lessee will execute and deliver to the Lessor documents
   required by the Lessor to protect the Lessor’s interest in the Equipment including, but not limited
   to, the documents necessary to file a UCC financing statement.

Additional Clauses
 

1.  Late returns are subject to additional fees. Timely returns are necessary to maintain adequate rental unites to meet demand. A rental period starts when the package is delivered and ends when the return mailer is scanned.
    
2.  Normal wear and tear will not result in the renter being assessed feed or a deposit withheld. This
   does NOT include: exposing the VR lenses to direct sunlight creating sunspots and damaging the
   headset (irreparable), cracking any plastic or glass on the headset, dropping the headset causing
   irreparable damage, water or moisture exposure. Generally, if a headset is fully functional upon
   arrival and not functional when it is returned, the user will be assessed for the full value of the
   headset replacement cost or repairs.
    
3.  The user will not expose the internal eye lenses to direct sunlight inside or outside a structure.
   This will irreparably damage the headset and result in being assessed the full value of a
   replacement headset.
    

Entire Agreement
 

1.  This Agreement will constitute the entire agreement between the Parties. Any prior
   understanding or representation of any kind preceding the date of this Agreement will not be
   binding on either Party except to the extent incorporated in this Agreement.
    

Address for Notice
 

1.  Service of all notices under this Agreement will be delivered personally or sent by registered
   mail or courier to the following addresses:
    

Lessor: Humulo Virtual Reality LLC, 29 Wilelinor Dr Edgewater, MD 21037
Lessee: Portal or email stated address. Incorrect address entered into the order
form will result in the full rental fee being assessed.
 

Interpretation
 

1.  Headings are inserted for the convenience of the Parties only and are not to be considered when
   interpreting this Agreement. Words in the singular mean and include the plural and vice versa

Words in the masculine mean and include the feminine and vice versa.
 

Governing Law
 

1.  It is the intention of the Parties to this Agreement that this Agreement and the performance under
   this Agreement, and all suits and special proceedings under this Agreement, be construed in
   accordance with and governed, to the exclusion of the law of any other forum, by the laws of the
   State of Maryland (the “State”), without regard to the jurisdiction in which any action or special
   proceeding may be instituted.
    

Severability
 

1.  If there is a conflict between any provision of this Agreement and the applicable legislation of
   the State of Maryland (the “Act”), the Act will prevail and such provisions of the Agreement will
   be amended or deleted as necessary in order to comply with the Act. Further, any provisions that
   are required by the Act are incorporated into this Agreement.
    
2.  In the event that any of the provisions of this Agreement are held to be invalid or unenforceable
   in whole or in part, those provisions to the extent enforceable and all other provisions will
   nevertheless continue to be valid and enforceable as though the invalid or unenforceable parts
   had not been included in this Agreement and the remaining provisions had been executed by
   both Parties subsequent to the expungement of the invalid provision.
    

General Terms
 

1.  This Agreement may be executed in counterparts. Facsimile signatures are binding and are
   considered to be original signatures.
    
2.  Time is of the essence in this Agreement.
    
3.  This Agreement will extend to and be binding upon and inure to the benefit of the respective
   heirs, executors, administrators, successors and assigns, as the case may be, of each Party to this
   Agreement.
    
4.  Neither Party will be liable in damages or have the right to terminate this Agreement for any
   delay or default in performance if such delay or default is caused by conditions beyond its
   control including, but not limited to Acts of God, Government restrictions, wars, insurrections,
   natural disasters, such as earthquakes, hurricanes or floods and/or any other cause beyond the
   reasonable control of the Party whose performance is affected.

Notice to Lessee
46. NOTICE TO THE LESSEE: This is a lease. You are not buying the Equipment. Do not sign
 

this Agreement before you read it. You are entitled to a completed copy of this Agreement when
you sign it.
 

IN WITNESS WHEREOF

Humulo Virtual Reality LLC