10 months ago

Lavazza Harlan's Complete


EQUIPMENT LOAN AGREEMENT Equipment Location: EFFECTIVE DATE: This Equipment Loan Agreement (“Agreement”), between __________________, a ____________ corporation/limited liability company with offices located at _____________________________ (“Customer”) and Lavazza Premium Coffees Corp., a New York corporation with offices located at 120 Wall Street 27 th Floor, New York, NY 10005 (“Lavazza”) sets forth the agreement between the parties as follows: Ownership of Equipment: Lavazza will provide, on loan, at the locations indicated, the equipment listed on Exhibit A, LOCATION AND EQUIPMENT LISTING. Loaned equipment does not include water softener and/or filtration systems. The loaned Lavazza equipment is for the exclusive use of Lavazza Products and remains the property of Lavazza. Equipment may be removed from the approved locations only upon prior written consent of Lavazza. Customer authorizes Lavazza to file financing statements in any jurisdiction evidencing Lavazza’s title and interest in the equipment. Customer is responsible for any theft or damage to the equipment and will carry appropriate general liability insurance covering the full replacement value thereof. Lavazza shall retain all rights of ownership in the Equipment. Customer shall not hold the Equipment out as its own, sell or encumber the Equipment or take any other action inconsistent with Lavazza’s ownership of the Equipment. Equipment labels indicating Lavazza’s ownership shall not be removed. Exclusivity Commitment: The equipment listed above (the “Equipment”) is loaned by Lavazza to Customer free of charge in consideration of Customer’s exclusive use of Lavazza Espresso and Drip Coffees (“Lavazza Coffee”) at the Equipment location specified above (“Approved Location”) and Customer’s purchase of at least _____ pounds / capsules of Lavazza Coffee per month (“Minimum Purchase Commitment”). Use and Maintenance of Equipment: (a) The Equipment is to be used solely for the preparation of Lavazza Coffee purchased exclusively from Lavazza or an authorized Lavazza distributor; (b) Equipment may be removed from the Approved Location only upon the prior written consent of Lavazza; (c) Customer shall comply with Lavazza’s instructions and specifications relating to the use, storage and maintenance of the Equipment; (d) Upon the request of Customer, Lavazza, or Lavazza’s local distributor, shall provide, at no charge, prompt repair service and, if necessary, replacement parts or Equipment, if related to the normal wear and tear of the Equipment, as determined by Lavazza. All other repairs shall be for Customer’s account; and (e) Customer is responsible for any theft or damage to the Equipment and shall carry appropriate general liability insurance covering its full replacement value. Installation: Lavazza shall arrange for installation of the Equipment by Lavazza or its designee at Lavazza’s cost. Limited Warranty: Lavazza warrants that the Equipment shall be free from defects in material and workmanship at the time of Customer’s acceptance of installation. Lavazza will, in its sole discretion, repair or replace any defective Equipment. THE WARRANTY CONTAINED HEREIN IS EXPRESSLY GIVEN IN LIEU OF ALL OTHER WARRANTIES, EITHER EXPRESS OR IMPLIED, INCLUDING THAT OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. LAVAZZA SHALL BE NOT BE LIABLE FOR ANY LOSSES, DAMAGES, INCIDENTAL EXPENSES OR CONSEQUENTIAL DAMAGES CAUSED BY, OR ARISING IN CONNECTION WITH THE EQUIPMENT. PHDATA 5778189_2

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