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BAILMENT CONTRACT

Between the undersigned, namely _________________________________,


acting as legal representative of the company named
______________________________________ with its main domicile in the city of
Medellín, with NIT _______________________, hereinafter referred to as the
LANDLORD and on the other hand
_________________________________________, identified by citizenship card
Nr. _____________________, hereinafter referred to as the LICENSEE, have
entered into this Loan Agreement, governed by the following clauses:

1. OBJECT: The LANDLORD delivers to the TENANT as a gratuitous bailment or


loan of use, the following movable property and office equipment, detailed in the
following table:

Series Detail

2. DURATION: The present contract is of indefinite duration.


PARAGRAPH: TERMINATION. The present contract may be terminated at any
time by the LANDLORD unilaterally and without authorization of the LICENSEE.

3. RIGHTS: The OWNER retains the right of ownership over the goods subject of
this bailment.

4. OBLIGATIONS OF THE OWNER: The OWNER, in the development and


performance of this commodatum contract, undertakes to comply with the following
obligations:
A. It shall provide the necessary means so that the COMODATARY may comply
with the destination of the goods and other inherent obligations.
B. It shall ensure that the destination of the goods is not changed, nor are they
moved out of their location without the written authorization of the bailor.

5. OBLIGATIONS OF THE LICENSEE: The LICENSEE in the development and


performance of this gratuitous bailment contract undertakes to comply with the
following obligations:
A. Ensure the care and correct use of the elements supplied.
B. To comply with IT security policies and related administrative procedures.
C. To reimburse at the market value at the time they are incurred, the expenses
incurred for repairs or maintenance derived from carelessness or mistreatment of
the elements related herein, other than natural deterioration or obsolescence.
D. Inform the OWNER of any anomaly or fault that may arise with the personal
property given on loan.

6. USE: The LICENSEE shall only and exclusively use the elements delivered and
which are the object of this contract, for the tasks of its work in accordance with the
instructions received from the LESSOR.

The COMODATARY hereby expressly declares that he/she knows the correct use
and the specific destination to be given to these elements. The COMODATARY
shall make use of these elements to carry out the tasks inherent to his position, but
acknowledges that this shall at no time constitute a salary, nor shall it be
considered as a salary factor for any effect whatsoever.

7. INDEMNIFICATION: In case of misuse, the OWNER may demand


compensation for any damage and the immediate restitution of the goods. In case
of loss or damage, not attributable to normal and ordinary deterioration, the
OWNER shall cancel to the LANDLORD the commercial value of the delivered
goods.

8. RETURN: The OWNER is obliged to return the goods object of this contract, at
the time the OWNER requests them.

The restitution shall be made to the OWNER or to the person authorized by the
OWNER.

9. In case of non-restitution of the items subject of this contract, the OWNER may
file the appropriate legal actions.

10. CONDITION OF THE GOODS: The COMODATARY declares that at the


signing of this contract it receives to its satisfaction the goods subject of the
gratuitous loan and that such goods are in perfect working order.

For the record, signed at _______________ on the ____ day of the month of
__________________ of ________.

COMODANT COMODATARY

__________________________ ____________________________
C.C. C.C.

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