Conditions Governing Placement

1. TERMS OF PLACEMENT AND ACCESS

Execution of this Placement Agreement (the “Agreement”) by the Owner, who is engaging Automotive Addiction, LLC (“AA”) for purposes of exhibiting, displaying, and showing Owner’s vehicle, as described in the Vehicle Information Sheet, in the Automotive Addiction Museum.  AA will have the absolute right to determine where Owner’s vehicle shall be placed in the Museum, and this does not obligate AA to exhibit Owner’s vehicle. In the event that after execution of this Agreement, AA, in its sole discretion, deems that the Owner’s automobile will no longer be included in the exhibition, AA will promptly notify Owner of AA's decision to not exhibit Owner’s automobile.  and/or owner shall remove the automobile within thirty (30) days. Subsequently, AA will be under no further obligation to hold or exhibit the automobile.

Owner shall have access to their vehicle during normal business hours which are subject to change but currently are 10 am to 9 pm daily.  If Owner needs access while a museum tour is in progress, Owner will need to wait until the tour concludes.  Owner must present a government-issued, photographic identification card which matches the insurance on file for the vehicle being accessed.

2. TITLE

Owner hereby warrants that they have full legal title to the automobile listed on the face of this Agreement or is the duly authorized agent of the owner or owners of such automobiles. The Owner hereby agrees to indemnify and defend AA against, and to hold it harmless from, any liability (including attorney's fees and the costs of defending any actions) arising out of claims by individuals, institutions or other persons claiming full or partial title to any of such automobiles.

3. PLACEMENT FEE

Owner shall pay a monthly placement fee (the “Placement Fee”) to AA on the first of each month, starting on the date that this Agreement is executed. In the event that AA does not receive payment of the Placement Fee by the due date indicated herein, Owner shall be charged a late fee equal to one-half (1/2) of the monthly placement fee for each week (7 days) past the due date until payment is made in full. If Owner does not bring its outstanding Placement Fees and late fees current after sixty (60) days, AA at its discretion, may remove the automobile from the museum and place it in storage. In such case, AA shall be entitled to recover all costs associated with storing the automobile and shall have a lien against the automobile for all costs incurred and for all outstanding Placement Fees and late fees, and may  enforce the lien under any applicable state law, including but not limited to Utah Code Ann. 38-8-2 & 3.

4. TRANSPORT TO EXHIBIT LOCATION

The Owner certifies that the automobile is in excellent condition, requiring no repairs or cleaning in preparation for exhibition, and is in a "ready to display" condition.  Owner is responsible for transporting the automobile to the exhibit location at Owner’s own expense. Upon arrival, Owner and AA, or their authorized representatives will simultaneously inspect the automobile for any damage, any of which will be documented and acknowledged immediately.

5. TRANSFER

The automobile shall remain in the possession of AA at the museum exhibit location for the time specified in the Placement Agreement. Once the time specified herein has expired, Owner will promptly take possession of the automobile at the museum exhibit location. When Owner or its authorized representative arrives to pick up the automobile, Owner and AA, or their authorized representatives will simultaneously inspect the automobile for any damage, any of which will be documented and acknowledged immediately.

6. CHANGE IN OWNERSHIP

Owner shall notify AA promptly in writing of any change of ownership (whether by reason of death, sale, insolvency, dissolution of marriage, gift or otherwise) of the automobile.

7. INSURANCE

Owner shall insure the automobile for the stated amount specified above against "all risks" of physical loss or damage from any external cause while in transit, at the exhibition location, and on location at AA’s museum during the period of this Placement Agreement. Owner agrees to add AA as an insured and agrees that Owner will not hold AA liable for any risk or loss during the period of this Placement Agreement. Owner waives any rights of subrogation against AA from any liability in connection with the automobile. AA cannot accept responsibility for any error or deficiency in information furnished to the Owner's insurer or for any lapses in the Owner's insurance coverage.

Owner agrees to bear the risk of loss if their insurance will not cover damages or losses.

8. VALUATION DISCLAIMER AND LOSS EXCLUSIONS

Neither the execution of this Agreement nor the provision of insurance coverage at the Owner's stated value shall constitute an endorsement or approval of the Owner's stated value by AA for any purpose whatsoever. The Owner agrees that, in the event of loss or damage, recovery shall be limited to such amount, if any, as may be paid by Owner’s insurer, thereby releasing AA, and the officers, agents and employees of AA from liability for any and all claims arising out of such loss or damage.  The Owner agrees that Owner will bear all responsibility for the loss of any personal property left in the vehicle.

9. PUBLICITY AND PHOTOGRAPHY

Unless permission is declined in writing delivered to AA, AA shall have the right to photograph, telecast, and reproduce images of the automobile for publicity purposes in both the electronic and paper print media in connection with this exhibition and for illustration in the exhibition catalog and brochures concerning the exhibition, and to produce the slides or digital images of the automobile to be distributed for educational and publicity use.

10. RETURN OF AUTOMOBILE

AA's right to return the automobile shall accrue absolutely at the termination of the loan. If AA, after making all reasonable efforts and through no fault of its own, shall be unable to return the automobile within sixty days after such termination, then, AA shall have the absolute right to place the automobile in storage, to charge regular storage fees and the cost of insurance therefore, and to enforce a lien for such fees and costs under any applicable state law, including but not limited to Utah Code Ann. 38-8-2 & 3.

11. EMERGENCY CONSERVATION OF AUTOMOBILE

AA may apply conservation measures without the Owner's permission if:

(i) Immediate action is required to protect the automobile or to protect other property in the custody of AA or because the automobile has become a hazard to the health or safety of the public or to the staff or agents of AA; and (a) AA is unable to reach the Owner at the Owner's last address of record under this Agreement so that AA and the Owner can promptly agree upon a solution; or (b) The Owner will not agree to the protective measures AA recommends, yet is unwilling or unable to terminate this Agreement and retrieve the automobile.

(ii) The Owner can no longer be reached at the address set forth above (or such other address as the Owner may have provided to AA in writing).

12. LEIN AND HOLD HARMLESS

If AA applies conservation measures to or disposes of the automobile pursuant to paragraph 11:

(i) AA shall have a lien on the automobile and on the proceeds from any disposition thereof for the costs incurred; and

(ii) AA shall not be liable for injury to or loss of the automobile: (a) If AA had a reasonable belief at the time the action was taken that the action was necessary to protect the automobile or other property in the custody of AA, or that the automobile constituted a hazard to the health and safety of the public or the staff or agents of AA; and (b) If AA applied conservation measures, AA exercised reasonable care in the choice and application of such conservation measures.

13. GENERAL PROVISIONS

This Agreement contains the entire understanding of the parties in respect of the subject matter hereof and no modification, exception or reservation may be made hereto other than by a written agreement executed by the Owner and an authorized officer of AA, which AA may make at any time by providing notification to owner at their provided email address. This Agreement shall be governed by and shall be construed in accordance with the laws of the State of Utah.  If any portion of this Lease shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited. The failure of either party to enforce any provisions

of this Lease shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Lease.