RENTAL AGREEMENT

TRANSPONDER RENTAL AGREEMENT FINE PRINT:

I, the “Renter” by clicking on the “Agree” button at a rental kiosk, or by checking the “Agree” box on the online rental page or by providing a cash/card rental slip, agree that I have read, am aware, accept full responsibility for and bound by the terms and conditions contained within this agreement during the rental period.

1. Term of Agreement. The renter and Never Enough Racing Inc (DBA: NER Timing & Scoring) do herein bind themselves to the terms of this Agreement in regard to all transponders, brackets, chargers, etc rented by the Customer from Never Enough Racing Inc (DBA: NER Timing & Scoring) from the date of this rental until returned, terminated, modified, or replaced.

2. Non-Exclusivity. This is a nonexclusive Agreement, nothing herein contained shall obligate Customer to rent from Never Enough Racing Inc (DBA: NER Timing & Scoring) nor Never Enough Racing Inc (DBA: NER Timing & Scoring) to rent to customer during the life of this Agreement. However, in the event of a rental transaction this Agreement shall govern until it has been modified, terminated or replaced.

3. Price. Unless otherwise agreed to in writing by an authorized agent of Never Enough Racing Inc (DBA: NER Timing & Scoring), the price posted at the time the Customer receives the rental transponder shall control.

4. Warranty of Authority. Customer hereby warrants that any person which it directs or allows to receive transponder equipment from Never Enough Racing Inc (DBA: NER Timing & Scoring) and who shall accept said equipment is authorized by Customer to do so. Customer herein waives any obligation on the part of Never Enough Racing Inc (DBA: NER Timing & Scoring) to confirm said person’s authority to act on behalf of Customer.

5. Maintenance of Equipment. The Customer agrees to keep and maintain all of the rental equipment in good condition and assumes full responsibility for all the equipment and supplies until the rental equipment is returned. The Customer agrees not to remove, cover, alter or deface any tags, serial numbers or nameplates on the equipment.

6. Lost Equipment. In the event of a loss of the rented equipment, the Customer agrees to surrender the security deposit of or be charged a loss & damage fee. The fee is the full replacement cost of the lost or damaged equipment. The fee will be labeled on your online rental or on the rental agreement. The Customer agrees that the value of the rented equipment is the replacement value as determined by the manufacturer’s list price at the time of said loss. If the equipment is found, the customer will be entitled to a refund of the returned equipment as outlined in section 8. However, the customer will not be barred from future rentals.

7. Return of Equipment. Customer agrees to return the rental transponder(s), mounting brackets, chargers, etc to the Never Enough Racing Inc (DBA: NER Timing & Scoring) rental location within 30 minutes following the last race of the event. Multiple reminders to return your equipment will be sent or announced prior to closing the Never Enough Racing Inc (DBA: NER Timing & Scoring) office for the event. NER Is NOT required to send notifications that the office is closing or any notification to return equipment throughout the event. If you fail to return the transponder within the Never Enough Racing Inc (DBA: NER Timing & Scoring) office hours, you will automatically trigger the failure to return section of this agreement as provided in section 8.

8. Failure to Return Equipment. Failure to return all rental equipment as required under Section 7 of this Agreement shall result in the immediate forfeiture of any security deposit collected. Forfeiture of a security deposit does not transfer ownership of the equipment to the customer and does not limit the customer's liability under this Agreement.The customer agrees to return all rented equipment, including but not limited to transponders, mounting brackets, chargers, cables, and accessories, at the customer's sole expense using a carrier of their choice (UPS, FedEx, USPS, etc.). The customer must provide a tracking number by email to info@nerscoring.com or by text message, along with the renter's name, or include identifying information within the package. Failure to provide tracking information and rider information in the package may result in an additional $5.00 administrative fee. The customer assumes full responsibility for all rented equipment until it has been received and accepted by Never Enough Racing Inc. (DBA: NER Timing & Scoring). NER Timing & Scoring is not required to notify the customer upon receipt of returned equipment. If applicable, a refund of a forfeited security deposit shall be calculated according to the "Transponder Deposit Refund Schedule" using the following formula: Elapsed Days = Date Equipment Received (per carrier tracking) – Last Day of Event. Late fees shall accrue at a rate of $25.00 per week per transponder + Any other equipment costs beginning immediately after the event. Late fees shall continue until the equipment is returned or until the total accrued late fees equal the full replacement value of the equipment. If the equipment is not returned within thirty (30) days following the last day of the event, the renter shall be deemed in default of this Agreement. Any security deposit previously collected shall be permanently forfeited and no refund or credit shall be issued, regardless of whether the equipment is later returned. The renter agrees that forfeiture of a security deposit does not satisfy or limit the renter's liability. The renter remains responsible for the full replacement value of the equipment, accrued late fees, shipping costs, collection costs, court costs, attorney's fees where permitted by law, and any other expenses incurred by Never Enough Racing Inc. (DBA: NER Timing & Scoring) in recovering the equipment or collecting amounts owed. After thirty (30) days, Never Enough Racing Inc. (DBA: NER Timing & Scoring) may refer the account to a third-party collection agency and/or pursue any legal remedies available under Minnesota law. The renter agrees to pay all collection costs and fees permitted by law. If a security deposit was previously charged, the renter may still be liable for additional amounts owed, including the replacement value of the equipment, late fees, and collection costs. All rented equipment remains the sole property of Never Enough Racing Inc. (DBA: NER Timing & Scoring). Equipment removed from the event premises and not properly returned may be reported to law enforcement as unreturned rental property. Never Enough Racing Inc. (DBA: NER Timing & Scoring) reserves the right to pursue all available civil and criminal remedies permitted by law. Customers who fail to return rental equipment within thirty (30) days will be placed on a Do Not Rent (DNR) list and will not be eligible to rent equipment until all equipment has been returned and all outstanding balances have been paid in full. This information may also be shared with affiliated timing companies, sanctioning organizations, and industry partners.

9. Deposit Handling. The customer agrees that all rentals require a security deposit to assure the return of the rental equipment in a timely manner. Unless otherwise posted or announced for a specific event, the standard security deposit for rental equipment is One Hundred Dollars ($100.00) per transponder. Never Enough Racing Inc (DBA: NER Timing & Scoring) reserves the right to require a higher deposit amount for certain events or equipment. All CASH rentals shall require a cash deposit. The customer shall receive the entire deposit back upon returning all rented equipment. The customer shall forfeit the deposit if sections 6 or 8 of this agreement are activated. A refund of the forfeited deposit may be provided as outlined in section 8 of this agreement if applicable. Any partial refunds of the deposit will be made by check if not in person. CREDIT rentals may require a deposit (depending on event). The customer shall receive the entire deposit back upon returning all rented equipment. The customer shall forfeit the deposit if sections 6 or 8 of this agreement are activated. If a forfeited deposit is required, the customer agrees to allow Never Enough Racing Inc (DBA: NER Timing & Scoring) to process a charge against the card used for the initial rental. This charge will be noted as “Forfeit Dep TPID ### Failed to Ret”. If a forfeited charge is declined by the bank for any reason the following will happen: Never Enough Racing Inc (DBA: NER Timing & Scoring) will attempt to contact the customer at the provided phone number. Never Enough Racing Inc (DBA: NER Timing & Scoring) will attempt to text the customer at the provided phone number. If contact can not be established, Never Enough Racing Inc (DBA: NER Timing & Scoring) will continue to attempt to charge the deposit until such time as the customer makes contact with Never Enough Racing Inc (DBA: NER Timing & Scoring) and provides a new card or the equipment is returned to Never Enough Racing Inc (DBA: NER Timing & Scoring). If no equipment is returned and 30 Days has elapsed from the end of the event, Never Enough Racing Inc (DBA: NER Timing & Scoring) will turn the matter over to the legal department. The customer will be served a certified letter demanding the equipment to be returned. The customer will be placed on a “Do Not Rent - DNR” list until such time the equipment has been returned and any fees have been paid. A refund of the forfeited deposit may be provided as outlined in section 8 of this agreement if applicable. Any partial refunds of the deposit will be made by issuance of a refund on the credit card used.

10. Exclusion of Warranties. CUSTOMER HEREIN ACKNOWLEDGES THAT ALL EQUIPMENT TO BE RENTED FROM Never Enough Racing Inc (DBA: NER Timing & Scoring) WILL BE AS A RESULT OF CUSTOMER’S SOLE SELECTION, DISCRETION AND OPINION AS TO EQUIPMENT WHICH IT REQUIRES. ALL EQUIPMENT IS ACCEPTED BY CUSTOMER “AS IS”. NO WARRANTIES OR REPRESENTATIONS ARE MADE BY Never Enough Racing Inc (DBA: NER Timing & Scoring) OF ANY TYPE OR NATURE WHATSOEVER, EXPRESSED OR IMPLIED, REGARDING THE PERFORMANCE OF TRANSPONDERS, SERVICES, SUPPLIES, CHARGERS OR OTHER EQUIPMENT RENTED. NER HEREIN EXPRESSLY EXCLUDES ANY AND ALL WARRANTIES, GUARANTEES, EXPRESSED OR IMPLIED, STATUTORY, BY OPERATION OF LAW, OR OTHERWISE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. UNDER NO CIRCUMSTANCE, SHALL Never Enough Racing Inc (DBA: NER Timing & Scoring) BE RESPONSIBLE OR LIABLE TO CUSTOMER OR ANYONE ELSE FOR ANY DAMAGES, OR OTHER DIRECT OR INDIRECT INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OR INABILITY TO USE ANY EQUIPMENT RENTED OR THE ALLEGED BREACH OF ANY AGREEMENT DESCRIBED HEREIN, EVEN IN THE EVENT THAT Never Enough Racing Inc (DBA: NER Timing & Scoring) OR Never Enough Racing Inc (DBA: NER Timing & Scoring)’S AGENTS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

11. Indemnification and Hold Harmless. The customer agrees to assume full responsibility and liability for the safekeeping and return of all rented equipment accepted by the Customer. Customer agrees to indemnify and hold harmless Never Enough Racing Inc (DBA: NER Timing & Scoring) and any other persons to which Never Enough Racing Inc (DBA: NER Timing & Scoring) itself may be responsible to indemnify and hold harmless, from any and all liability, claims, damages, costs and expenses arising from Customer’s use, misuse and/or possession of the rented equipment.

12. Returned Equipment. Acceptance by Never Enough Racing Inc (DBA: NER Timing & Scoring) of the return of rented equipment does not waive any claims that the company may have against the Customer for patent, latent or hidden damage to the equipment. Never Enough Racing Inc (DBA: NER Timing & Scoring) shall have a reasonable period of time after return of said equipment to discover said damages.

13. Inspection/Repossession of Equipment. The Customer agrees to admit any employee or agent of Never Enough Racing Inc (DBA: NER Timing & Scoring) to enter the premises upon which equipment is kept for the purposes of checking the condition of the company’s equipment and/or for repossessing the equipment in the event the Customer is in default of any term of this Agreement whatsoever.

14. Exclusive Possession/Non-Assignability of Lease. The Customer shall not sub-rent or loan the equipment or assign this Agreement to any other persons and said equipment shall at all times remain under the immediate, exclusive control and direction of the Customer.

15. Cost of Shipment. When required, Customer shall arrange for shipment of unreturned rental equipment to Never Enough Racing Inc (DBA: NER Timing & Scoring). Any and all shipment costs incurred by the Customer shall be the full responsibility of the Customer.

16. Ownership. The Customer specifically acknowledges Never Enough Racing Inc (DBA: NER Timing & Scoring)’s ownership of the rental equipment and agrees to keep the equipment free of all encumbrances.

17. Governing Law. This Agreement and all the rights and liabilities of the parties hereto shall be governed by and construed in accordance with the laws of the State of Minnesota.

18. Severability. In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall be binding with the same effect as if the void parts were not included.

LATE FEE STRUCTURE

$100 SECURITY DEPOSIT

1-7 Days: $25 ($75 Refund)

7-13 Days: $50 ($50 Refund)

14-21 Days: $75 ($25 Refund)

22-30 Days: $100 ($0 Refund)

31+ Days: $100 (No Refund)

$250 SECURITY DEPOSIT

1-7 Days: $25 ($225 Refund)

7-13 Days: $50 ($200 Refund)

14-21 Days: $75 ($175 Refund)

22-30 Days: $100 ($150 Refund)

31+ Days: $250 (No Refund)