THIS AGREEMENT is effective on the date Supplier registers as a supplier on the KWIPPED website and is between Supplier and KWIPPED, Inc., a North Carolina corporation with its principal place of business at 228 North Front St. Suite 301 Wilmington, NC 28401 ("KWIPPED").
WHEREAS, KWIPPED operates an on-line marketplace (the "Website") where potential equipment renters or leasees can request bids from potential equipment suppliers for the rental or lease of equipment;
WHEREAS, Supplier desires to be listed on the Website as a supplier of its equipment for rent or lease and desires to participate in bids for renting and leasing of its equipment to potential customers;NOW, THEREFORE, in consideration of the promises hereinafter made by the parties hereto, it is agreed as follows:
STANDARD EQUIPMENT LEASING PROVISIONS
KWIPPED requires all suppliers desiring to enter into a Lease (as defined below) through the KWIPPED website to accept the terms set forth below, which shall govern the Supplier's financial relationship with the financial institutions with which KWIPPED partners (each a 'Financing Company') to provide the leasing platform to Supplier. All of the terms and definitions included in the Supplier Promotion Agreement between Supplier and KWIPPED (the 'Promotion Agreement') shall apply to the Supplier's listing of its Equipment available for lease (each a 'Lease').