Loan Agreement

Officially, Industry Canada will loan the computer equipment to the First Nation School or Organization. The equipment will remain on the Industry Canada books and cannot be sold. However, Industry Canada will not expect the school or organization to return the borrowed equipment.

An example of a standard Industry Canada Agreement:

LOAN AGREEMENT BETWEEN

HER MAJESTY THE QUEEN IN RIGHT OF CANADA
AS REPRESENTED BY
THE MINISTER OF INDUSTRY FOR
THE FIRST NATIONS SCHOOLNET PROGRAM ("INDUSTRY CANADA")

and

Contract Name

In consideration of the borrower's participation in the First Nations SchoolNet Program, Industry Canada hereby loans to the borrower, «ContractName»: and the following government supplied components:

1 Computer per the full description in Appendix A.

The term of this loan will be from November 15th, 2001 to December 31st, 2003 and may be extended upon a written request from the borrower, if accepted by Industry Canada. The equipment in schedule "A" will be shipped directly to:

«ContractName
Mailing Add, City
Province, Postal Code
Attention: Loan Contact
Loan Title:
Tel:
Fax:»

The borrower will indemnify her majesty for, and save her majesty harmless from, all losses and claims of any kind in respect of the borrower’s use or possession of the equipment, and the borrower will also comply with the reporting specified in Schedule "B", herewith attached.

Industry Canada may at any reasonable time inspect the equipment as described and view It’s state of repair.

Schools Industry Canada
Contact person: Contact person: Suzanne Robert
Title: Title: Manager First Nation SchoolNet
________________________ Signature ________________________ Signature
_____________________ Date _____________________ Date



First Nations SchoolNet Fax Number 1-613-941-1296

Appendix A

Item Qty Serial Numbers Asset Numbers
Computer Dell Optiplex GX200 866MHZ with 256Mbyte of Ram, 20 GB hard drive-Western Digital, CD_ROM and Soundcard 1    
17" Monitor 1    
Keyboard 1    
Speakers 1    
Manuals and Windows 98 Software 1    

Appendix B

Reports Required

The borrower of the equipment will, within one month of delivery, provide the Industry Canada SchoolNet office with a short report providing the following information:

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