Document:

EX-10.10

 Exhibit 10.10 

04-00858 C1Q 244593) 

AMENDED AND RESTATED 

MASTER EQUITY LEASE AGREEMENT 

This Amended and Restated Master Equity lease Agreement is entered into as of September 20, 2010, by and among Enterprise Fleet
Management, Inc., a Missouri corporation (“EFM”). Enterprise FM Trust, a Delaware statutory trust (the “Titling Trust), and the lessee whose name and address is set forth on the signature page below (“Lessee”). As of the
date hereof, the vehicles listed on Exhibit A attached hereto and incorporated herein by reference, if any, are owned by EFM and leased to Lessee hereunder by EFM and the vehicles listed on Exhibit B attached hereto and incorporated
herein by reference, if any, are owned by the Tilling Trust and 1eased to Lessee hereunder by the Tilling Trust. The owner of each Vehicle which is leased under this Amended and Restated Master Equity Lease Agreement after the date hereof will be as
listed on the applicable Schedule. For all purposes of this Amended and Restated Master Equity Lease Agreement {including each Schedule), the term “Lessor” shall mean whichever of EFM or the Titling Trust. as the case may be, is the owner
of the applicable Vehicle. The rights and obligations of each Lessor under this Agreement are several and not joint and neither Lessor shall have any liability for or with respect to any act or omission of the other Lessor under or in respect of
this Agreement. 
 This Amended and Restated Master Equity Lease Agreement is an amendment, restatement and continuation of, and not a
novation of, that certain Master Equity Lease Agreement dated as of February 10th, 2006, by and between Enterprise RAC Company of Maryland, LLC , a Delaware limited liability company which is the successor to Enterprise Leasing Company, a Maryland
corporation {the “Original Lessor”) and Lessee, as amended (as so amended, the “Existing Lease Agreement). All “Schedules· {as defined therein) under the Existing Lease Agreement shall henceforth be deemed to be Schedules
under this Amended and Restated Master Equity Lease Agreement. The Titling Trust and EFM were added as additional lessors under the Existing Lease Agreement and/or were the direct or indirect assignees of the Original Lessor. Lessee hereby consents
to any direct or indirect assignment of any or all of the Original Lessor’s rights, obligations and duties under the Existing Lease Agreement to the Titling Trust or EFM. 

1. LEASE OF VEHICLES: Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the vehicles {individually. a ·vehicle” and collectively,
the “Vehicles”) described in the schedules from time to time delivered by Lessor to lessee as set forth below (“Schedule(s) for the rentals and on the terms set forth in this Agreement and in the applicable Schedule. References to
this “Agreement- shall include this Amended and Restated Master Equity Lease Agreement and the various Schedules and addenda to this Amended and Restated Master Equity lease Agreement. Lessor will, on or about the date of delivery of each
Vehicle to Lessee, send Lessee a Schedule covering the Vehicle, which will include, among other things, a description of the Vehicle, the lease term and the monthly rental and other payments due with respect to the Vehicle and whether EFM or the
Tilling Trust is the owner of the Vehicle. The terms contained in each such Schedule will be binding on Lessee unless Lessee objects in writing to such Schedule within ten {10) days after the date of delivery of the Vehicle covered by such Schedule.
Lessor is the sole legal owner of each Vehicle. This Agreement is a lease only and Lessee will have no right, title or interest in or to the Vehicles except for the use of the Vehicles as described in this Agreement. This Agreement shall be treated
as a true lease for federal and applicable state income tax purposes with Lessor having all benefits of ownership of the Vehicles. It is understood and agreed that, where Lessor is the Titling Trust, EFM or an affiliate thereof {together with any
subservicer, agent or successor or assign as servicer on behalf of the Titling Trust, “Servicer·) may administer this Agreement on behalf of the Titling Trust, as Lessor, and may perform the service functions herein provided to be
performed by Lessor. 
 2. TERM: The term of this Agreement (“Term”) for each Vehicle begins on the date such Vehicle is delivered to Lessee {the
“Delivery Date•) and, unless terminated earlier in accordance with the terms of this Agreement, continues for the “Lease Term” as described in the applicable Schedule. 

3. RENT AND OTHER CHARGES: 
 (a) Lessee agrees to
pay Lessor monthly rental and other payments according to the Schedules and this Agreement. The monthly payments will be in the amount listed as the “Total Monthly Rental Including Additional Services” on the applicable Schedule (with any
portion of such amount identified as a charge for maintenance services under Section 4 of the applicable Schedule being payable to Lessor as agent for EFM) and will be due and payable in advance on the first day of each month. If a Vehicle is
delivered to lessee on any day other than the first day of a month, monthly rental payments will begin on the first day of the next month. In addition to the monthly rental payments. Lessee agrees to pay Lessor a
pro-rated rental charge for the number of days that the Delivery Date precedes the first monthly rental payment date. A portion of each monthly rental payment, being the amount designated as “Depreciation
Reserve” on the applicable Schedule. will be considered as a reserve for depreciation and will be credited against the D81ivered Price of the Vehicle for purposes of computing the Book Value of the Vehicle under Section 3{c). Lessee agrees
to pay Lessor the “Total Initial Charges· set forth in each Schedule on the due date of the first monthly rental payment under such Schedule. Lessee agrees to pay Lessor the “Service Charge Due at Lease Termination· set forth
in each Schedule at the end of the applicable Term (whether by reason of expiration, early termination or otherwise). 
 (b) In the event the
Term for any Vehicle ends prior to the last day of the scheduled Term, whether as a result of a default by Lessee, a Casualty Occurrence or any other reason, the rentals and management fees paid by Lessee will be recalculated in accordance with the
rule of 78’s and the adjusted amount will be payable by Lessee to Lessor On the termination date. 
 (c) Lessee agrees to pay Lessor
within thirty (30) days after the end of the Term for each Vehicle, additional rent equal to the excess, if any, of the Book Value of such Vehicle over the greater of (i) the wholesale value of such Vehicle as determined by lessor in good
faith or (ii) except as provided below, twenty percent {20%) of the Delivered Price of such Vehicle as set forth in the applicable Schedule. If the Book Value of such Vehicle is less than the greater of {i) the wholesale value of such Vehicle
as determined by Lessor in good faith or (ii) except as provided below. twenty percent (20%) of the Delivered Price of such Vehicle as set forth in the applicable Schedule, Lessor agrees to pay such deficiency lo Lessee as a terminal rental
adjustment within thirty (30) days after the end of the applicable Term. Notwithstanding the foregoing. if {i) the Term for a Vehicle is greater than forty-eight (48) months (including any extension of the Term for such Vehicle), {ii) the
mileage on a Vehicle at the end of the Term is greater than 15,000 miles per year on average (prorated on a daily basis) (i.e., if the mileage on a Vehicle with a Term of thirty-six {36) months is greater than
45,000 miles) or {iii) in the sole judgment of Lessor, a Vehicle has been subject to damage or any abnormal or excessive wear and tear. the calculations described in the two immediately preceding sentences shall be made without giving effect to
clause (ii) in each such sentence. The “Book Value· of a Vehicle means the sum of (i) the “Delivered Price· of the Vehicle as set forth in the applicable Schedule minus {ii) the total Depreciation Reserve paid by
Lessee to Lessor with respect to such Vehicle IID!1 {iii) all accrued and unpaid rent and/or other amounts owed by Lessee with respect lo such Vehicle. 

{d) Any security deposit of Lessee will be returned to Lessee at the end of the applicable Term, except that the deposit will first be applied
to any losses and/or damages suffered by Lessor as a result of Lessee’s breach of or default under this Agreement and/or to any other amounts then owed by Lessee to Lessor. 

{e) Any rental payment or other amount owed by Lessee to Lessor which is not paid within twenty (20) days after its due date will accrue
interest, payable on demand of Lessor. from the date due until paid in fun at a rate per annum equal to the lesser of (i) Eighteen Percent (18%) per annum or (ii) the highest rate permitted by applicable law (the “Default Rate”).

 (f) U Lessee fails to pay any amount due under this Agreement or to comply with any of the covenants contained in this Agreement. Lessor,
Servicer or any other agent of Lessor may, al its option. pay such amounts or perform such covenants and all sums paid or incurred by Lessor in connection therewith will be repayable by Lessee to Lessor upon demand together with interest thereon at
the Default Rate. 

 04-00858 C1Q 244593 > 

{g) Lessee’s obligations to make all payments of rent and other amounts under this Agreement are absolute and unconditional and such
payments shall be made in immediately available funds without setoff, counterclaim or deduction of any kind. Lessee acknowledges and agrees that neither any Casualty Occurrence to any Vehicle nor any defect. unfitness or lack of governmental
approval in, of, or with respect to. any Vehicle regardless of the cause or consequence nor any breach by EFM of any maintenance agreement between EFM and Lessee covering any Vehicle regardless of the cause or consequence will relieve Lessee-from
the performance of any of its obligations under this Agreement, including, without limitation, the payment of rent and other amounts under this Agreement. 

4. USE AND SURRENDER OF VEHICLES: Lessee agrees to allow only duly authorized, licensed and insured drivers to use and operate the Vehicles. Lessee agrees to
comply with. and cause its drivers to comply with, all laws, statutes, rules, regulations and ordinances and the provisions of all insurance policies affecting or covering the Vehicles or their use or operation. Lessee agrees to keep the Vehicles
free of all liens, charges and encumbrances. Lessee agrees that in no event will any Vehicle be used or operated for transporting hazardous substances or persons for hire. for any illegal purpose or to pull trailers that exceed the
manufacturer’s trailer lowing recommendations. Lessee agrees that no Vehicle is intended to be or will be utilized as a ·school bus· as defined in the Code of Federal Regulations or any applicable stale or municipal statute or
regulation. Lessee agrees not lo remove any Vehicle from the continental United States without first obtaining Lessor’s written consent. At the expiration or earlier termination of this Agreement with respect to each Vehicle, or upon demand by
Lessor made pursuant to Section 14, Lessee at its risk and expense agrees to return such Vehicle to Lessor at such place and by such reasonable means as may be designated by Lessor. If for any reason Lessee fails to return any Vehicle to Lessor
as and when required in accordance with this Section, Lessee agrees to pay Lessor additional rent for such Vehicle at twice the normal pro-rated daily rent Acceptance of such additional rent by Lessor will in
no way limit Lessor’s remedies with respect to Lessee’s failure to return any Vehicle as required hereunder. 
 5. COSTS, EXPENSES, FEES AND
CHARGES: Lessee agrees to pay all costs, expenses, fees, charges, fines, tickets, penalties and taxes (other than federal and state income taxes on the income of Lessor) incurred in connection with the titling, registration, delivery, purchase,
sale, rental, use or operation of the Vehicles during the Term. If Lessor, Servicer or any other agent of Lessor incurs any such costs or expenses, Lessee agrees to promptly reimburse Lessor for the same. 

6. LICENSE AND CHARGES: Each Vehicle will be titled and licensed in the name designated by Lessor at Lessee’s expense. Certain other charges relating to
the acquisition of each Vehicle and paid or satisfied by Lessor have been capitalized in determining the monthly rental, treated as an initial charge or otherwise charged to Lessee. Such charges have been determined without reduction for trade-in, exchange allowance or other credit attributable to any Lessor owned vehicle. 
 7. REGISTRATION PLATES, ETC.:
Lessee agrees, at its expense. to obtain in the name designated by Lessor all registration plates and other plates, permits, inspections and/or licenses required in connection with the Vehicles, except for the initial registration plates which
Lessor will obtain at Lessee’s expense. The parties agree to cooperate and to furnish any and all information or documentation, which may be reasonably necessary for compliance with the provisions of this Section or any federal, state or local
law. rule, regulation or ordinance. Lessee agrees that it will not permit any Vehicle to be located in a stale other than the state in which such Vehicle is then titled for any continuous period of time that would require such Vehicle to become
subject to the titling and/or registration laws of such other state. 
 8. MAINTENANCE OF AND IMPROVEMENTS TO VEHICLES: 

(a) Lessee agrees, at its expense, to (i) maintain the Vehicles in good condition, repair, maintenance and running order and in accordance
with all manufacturer’s instructions and warranty requirements and all legal requirements and (ii) furnish all labor, materials, parts and other essentials required for the proper operation and maintenance of the Vehicles. Any alterations,
additions, replacement parts or improvements to a Vehicle will become and remain the property of Lessor and will be returned with such Vehicle upon such Vehicle’s return pursuant to Section 4. Notwithstanding the foregoing, so long as no
Event of Default has occurred and is continuing, Lessee shall have the right to remove any additional equipment installed by Lessee on a Vehicle prior to returning such Vehicle to Lessor under Section 4. The value of such alterations,
additions. replacement parts and improvements will in no instance be regarded as rent Without the prior written consent of Lessor, Lessee will not make any alterations, additions, replacement parts or improvements to any Vehicle which detract from
its economic value or functional utility. Lessor will not be required to make any repairs or replacements of any nature or description with respect to any Vehicle, to maintain or repair any Vehicle or to make any expenditure whatsoever in connection
with any Vehicle or this Agreement. 
 (b) Lessor and Lessee acknowledge and agree that if Section 4 of a Schedule (including, without
limitation, any Schedule executed under the Existing Lease Agreement) includes a charge for maintenance, (i) the Vehicle(s} covered by such Schedule are subject to a separate maintenance agreement between EFM and Lessee and (ii) if the
Titling Trust is the Lessor, Lessor shall have no liability or responsibility for any failure of EFM to perform any of its obligations thereunder or to pay or reimburse Lessee for its payment of any costs and expenses incurred in connection with the
maintenance or repair of any such Vehicle(s). 
 9. SELECTION OF VEHICLES AND DISCLAIMER OF WARRANTIES: 

(a) LESSEE ACCEPTANCE OF DELIVERY AND USE OF EACH VEHICLE WILL CONCLUSIVELY ESTABLISH THAT SUCH VEHICLE IS OF A SIZE, DESIGN, CAPACITY, TYPE
ANO MANUFACTURE SELECTED BY LESSEE ANO THAT SUCH VEHICLE IS IN GOOO CONDITION ANO REPAIR ANO IS SATISFACTORY IN ALL RESPECTS ANO IS SUITABLE FOR LESSEE’S PURPOSE. LESSEE ACKNOWLEDGES THAT LESSOR IS NOT A MANUFACTURER OF ANY VEHICLE OR AN
AGENT OF A MANUFACTURER OF ANY VEHICLE. 
 (b) LESSOR MAKES NO REPRESENTATION OR WARRANTY OF ANY KINO, EXPRESS OR IMPLIED, WITH RESPECT TO
ANY VEHICLE, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATION OR WARRANTY AS TO CONDITION, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY LESSEE. THE VEHICLES ARE LEASEO “AS IS:
“WITH ALL FAULTS.” All warranties made by any supplier, vendor and/or manufacturer of a Vehicle are hereby assigned by Lessor to Lessee for the applicable Term and Lessee’s only remedy, if any, is against the supplier, vendor or
manufacturer of the Vehicle. 
 (c} None of Lessor, Servicer or any other agent of Lessor will be liable to Lessee for any liability, claim,
loss. damage (direct, incidental or consequential) or expense of any kind or nature. caused directly or indirectly, by any Vehicle or any inadequacy of any Vehicle for any purpose or any defect (latent or patent) in any Vehicle or the use or
maintenance of any Vehicle or any repair, servicing or adjustment of or to any Vehicle, or any delay in providing or failure to provide any Vehicle. or any interruption or loss of service or use of any Vehicle, or any loss of business or any damage
whatsoever and however caused. In addition. none of Lessor, Servicer or any other agent of Lessor will have any liability to Lessee under this Agreement or under any order authorization form executed by Lessee if Lessor is unable to locate or
purchase a Vehicle ordered by Lessee or for any delay in delivery of any Vehicle ordered by Lessee. 
 10. RISK OF LOSS: Lessee assumes and agrees to bear
the entire risk. of loss of, theft of, damage to or destruction of any Vehicle from any cause whatsoever (“Casualty Occurrence·). In the event of a Casualty Occurrence to a Vehicle, Lessee shall give Lessor prompt notice of the Casualty
Occurrence and thereafter will place the applicable Vehicle in good repair, condition and working order; provided, however, that if the applicable Vehicle is determined by Lessor to be k>sl. stolen, destroyed or damaged beyond repair (a
·Totaled Vehicle·), Lessee agrees to pay Lessor no later than the date thirty (30) days after the date of the Casualty Occurrence the amounts owed under Sections 3(b) and 3(c) with respect to such Totaled Vehicle. Upon such
payment, this Agreement will terminate with respect to such Totaled Vehicle. 
 11. INSURANCE: 

(a) Lessee agrees to purchase and maintain in force during the Term, insurance policies in at least the amounts listed below covering each
Vehicle, to be written by an insurance company or companies satisfactory to Lessor, insuring Lessee, Lessor and any other person or entity designated by Lessor against any damage, claim,. suit. action or liability: 

 04-00858 (1Q 244593) 

(i) Commercial Automobile Liability Insurance (including Uninsured/Underinsured Motorist Coverage and
No-Faull Protection where required by law) for the limits listed below (Note - $5,000,000 Combined Single Limit Bodily Injury and Property Damage with No Deductible is required for each Vehicle capable
of transporting more than 8 passengers): 
  

			
	 State of Vehicle Registration
	  	 Coverage

	Connecticut, Massachusetts. Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont	  	$1,000,000 Combined Single Limit Bodily Injury and Property Damage - No Deductible
		
	Florida	  	$500,000 Combined Single Limit Bodily Injury and Property Damage or $100,000 Bodily Injury Per Person, $300,000 Per Occurrence and $50,000 Property Damage (100/300/50) - No Deductible
		
	All Other States	  	$300.000 Combined Single Limit Bodily Injury and Property Damage or $100,000 Bodily Injury Per Person, $300,000 Per Occurrence and $50,000 Property Damage (100/300/50) - No Deductible

  

	 	(iii)	 Physical Damage Insurance (Collision & Comprehensive): Actual cash value of the applicable Vehicle.
Maximum deductible of $500 per occurrence • Collision and $250 per occurrence - Comprehensive). 

 If the requirements of any
governmental or regulatory agency exceed the minimums stated in this Agreement, Lessee must obtain and maintain the higher insurance requirements. Lessee agrees that each required policy of insurance will by appropriate endorsement or otherwise name
Lessor and any other person or entity designated by Lessor as additional insureds and loss payees, as their respective interests may appear. Further, each such insurance policy must provide the following: (i) that the same may not be cancelled,
changed or modified until after the insurer has given to Lessor, Servicer and any other person or entity designated by Lessor at least thirty (30) days prior written notice of such proposed cancellation, change or modification, (ii) that
no act or default of Lessee or any other person or entity shall affect the right of Lessor, Servicer, any other agent of Lessor or any of their respective successors or assigns to recover under such policy or policies of insurance in the event of
any lass of or damage to any Vehicle and (iii) that the coverage is -primary coverage for the protection of Lessee, Lessor, Servicer, any other agent of Lessor and their respective successors and assigns notwithstanding any other coverage carried by
Lessee, Lessor, Servicer, any other agent of Lessor or any of their respective successors or assigns protecting against similar risks. Original certificates evidencing such coverage and naming Lessor, Servicer, any other agent of Lessor and any
other person or entity designated by Lessor as additional insureds and loss payees shall be furnished to Lessor prior to the Delivery Date, and annually thereafter and/or as reasonably requested by Lessor from time to time. In the event of default,
Lessee hereby appoints Lessor, Servicer and any other agent of Lessor as Lessee’s attorney-in-fact to receive payment of, to endorse all checks and other documents
and to take any other actions necessary to pursue insurance claims and recover payments if Lessee fails to do so. Any expense of Lessor, Servicer or any other agent of Lessor in adjusting or collecting insurance shall be borne by Lessee. 

Lessee, its drivers, servants and agents agree 10 cooperate fully with Lessor, Servicer, any other agent of Lessor and any insurance carriers in the
investigation, defense and prosecution of all claims or suits arising from the use or operation of any Vehicle. If any claim is made or action commenced for death, personal injury or property damage resulting from the ownership, maintenance. use or
operation of any Vehicle, Lessee will promptly notify Lessor of such action or claim and forward to Lessor a copy of every demand, notice, summons or other process received in connection with such claim or action. 

(b) Notwithstanding the provisions of Section 1l(a) above: (i) if Section 4 of a Schedule includes a charge for physical damage
waiver, Lessor agrees that (A) Lessee will not be required to obtain or maintain the minimum physical damage insurance (collision and comprehensive) required under Section 11(a) for the Vehicle(s) covered by such Schedule and
(B) Lessor will assume the risk of physical damage {collision and comprehensive) to the Vehicle(s) covered by such Schedule; provided, however, that such physical damage waiver shall not apply to, and Lessee shall be and remain liable and
responsible for, damage to a covered Vehicle caused by wear and tear or mechanical breakdown or failure, damage to or loss of any parts. accessories or components added to a covered Vehicle by Lessee without the prior written consent of Lessor
and/or damage to or loss of any property and/or personal effects contained in a covered Vehicle. In the event of a Casualty Occurrence to a covered Vehicle, Lessor may, at its option, replace, rather than repair, the damaged Vehicle with an
equivalent vehicle, which replacement vehicle will then constitute the vehicle for purposes of this Agreement; and (ii) if Section 4 of a Schedule includes a charge for commercial automobile liability enrollment, Lessor agrees that it
will, at its expense, obtain for and on behalf of Lessee, by adding Lessee as an additional insured under a commercial automobile liability insurance policy issued by an insurance company selected by Lessor, commercial automobile liability insurance
satisfying the minimum commercial automobile liability insurance required under Section ll(a) for the Vehicle(s) covered by such Schedule. Lessor may at any time during the applicable Term terminate said obligation to provide physical damage waiver
and/or commercial automobile liability enrollment and cancel such physical damage waiver and/or commercial automobile liability enrollment upon giving Lessee at least ten (10) days prior written notice. Upon such cancellation, insurance in the
minimum amounts as set forth in ll(a) shall be obtained and maintained by Lessee at Lessee’s expense. An adjustment will be made in monthly rental charges payable by Lessee to reflect any such change and Lessee agrees to furnish Lessor with
satisfactory proof of insurance coverage within ten (10) days after mailing of the notice. In addition. Lessor may change the rates charged by Lessor under this Section 11(b) for physical damage waiver and/or commercial automobile
liability enrollment upon giving Lessee at least thirty {30) days prior written notice. 
 12. INDEMNITY: Lessee agrees to defend and indemnify Lessor.
Servicer, any other agent of Lessor and their respective successors and assigns from and against any and all losses, damages, liabilities, suits, claims, demands, costs and expenses (including, without limitation, reasonable attorneys’ fees and
expenses) which Lessor, Servicer, any other agent of Lessor or any of their respective successors or assigns may incur by reason of Lessee’s breach or violation of, or failure to observe or perform, any term, provision or covenant of this
Agreement. or as a result of any loss, damage, theft or destruction of any Vehicle or related to or arising out of or in connection with the use, operation or condition of any Vehicle. The provisions of this Section 12 shall survive any
expiration or termination of this Agreement. 
 13. INSPECTION OF VEHICLES; ODOMETER OISCLOSURE; FINANCIAL STATEMENTS: Lessee agrees to accomplish, at its
expense, all inspections of the Vehicles required by any governmental authority during the Term. Lessor, Servicer. any other agent of Lessor and any of their respective successors or assigns will have the right to inspect any Vehicle at any
reasonable time(s) during the Term and for this purpose to enter into or upon any building or place where any Vehicle is located. Lessee agrees to comply with all odometer disclosure laws, rules and regulations and to provide such written and signed
disclosure information on such forms and in such manner as directed by Lessor. Providing false information or failure to complete the odometer disclosure form as required by law may result in fines and/or imprisonment. Lessee hereby agrees to
promptly deliver to Lessor such financial statements and other financial information regarding Lessee as Lessor may from time to time reasonably request. 

 04-008 58 C1Q 244 593) 

14. DEFAULT; REMEDIES: The following shall constitute events of default events of Default by Lessee under this Agreement: (a) if Lessee fails to pay when
due any rent or other amount due under this Agreement and any such failure shall remain unremedied for ten (10) days: (b) if Lessee fails to perform, keep or observe any term. provision or covenant contained in Section 11 of this
Agreement: (c) if Lessee fails to perform, keep or observe any other term. provision or covenant contained in this Agreement and any such failure shall remain unremedied for thirty (30) days after written notice thereof is given by
Lessor. Servicer or any other agent of Lessor to lessee: (d) any seizure or confiscation of any Vehicle or any other act (other than a Casualty Occurrence) otherwise rendering any Vehicle unsuitable for use (as determined by Lessor); (e) if any
present or future guaranty in favor of Lessor of all or any portion of the obligations of Lessee under this Agreement shall al any time for any reason cease to be in full force and effect or shall be declared to be null and void by a court of
competent jurisdiction, or if the validity or enforceability of any such guaranty shall be contested or denied by any guarantor. or if any guarantor shall deny that it, he or she has any further liability or obligation under any such guaranty
or if any guarantor shall fail to comply with or observe any of the terms, provisions or conditions contained in any such guaranty; (f) the occurrence of a material adverse change in the financial condition or business of Lessee or any
guarantor: or (g) if Lessee or any guarantor is in default under or fails to comply with any other present or future agreement with or in favor of lessor, The Crawford Group, Inc. or any direct or indirect subsidiary of The Crawford Group, Inc.
For purposes of this Section 14, the term guarantor” shall mean any present or future guarantor of all or any portion of the obligations of Lessee under this Agreement. 

Upon the occurrence of any Event of Default. Lessor. without notice to Lessee, will have the right to exercise concurrently or separately (and without any
election of remedies being deemed made), the following remedies: (a) Lessor may demand and receive immediate possession of any or all of the Vehicles from Lessee, without releasing Lessee from its obligations under this Agreement; if
Lessee fails to surrender possession of the Vehicles to Lessor on default (or termination or expiration of the Term}, Lessor. Servicer, any other agent of Lessor and any of their respective independent contractors shall have the right to enter upon
any premises where the Vehicles may be located and to remove and repossess the Vehicles; (b} Lessor may enforce performance by Lessee of its obligations under this Agreement; (c) Lessor may recover damages and expenses sustained
by Lessor, Servicer, any other agent of Lessor or any of their respective successors or assigns by reason of Lessee’s default including, to the extent permitted by applicable law, all costs and expenses, including court costs and reasonable
attorneys’ fees and expenses, incurred by Lessor, Servicer, any other agent of Lessor or any of their respective successors or assigns in attempting or effecting enforcement of Lessor’s rights under this Agreement (whether or not
litigation is commenced} and/or in connection with bankruptcy or insolvency proceedings; (d) upon written notice to Lessee, Lessor may terminate Lessee’s rights under this Agreement; (e) with respect to each Vehicle, Lessor may
recover from Lessee all amounts owed by Lessee under Sections J(b) and J(c) of this Agreement (and, if Lessor does not recover possession of a Vehicle, (i} the estimated wholesale value of such Vehicle for purposes of Section 3(c} shall be
deemed to be $0.00 and (ii} the calculations described in the first two sentences of Section 3(c} shall be made without giving effect to clause (ii) in each such sentence): and/or (f) lessor may exercise any other right or remedy
which may be available to Lessor under the Uniform Commercial Code, any other applicable law or in equity. A termination of this Agreement shall occur only upon written notice by Lessor to Lessee. Any termination shall not affect Lessee’s
obligation to pay all amounts due for periods prior to the effective date of such termination or Lessee’s obligation to pay any indemnities under this Agreement. All remedies of Lessor under this Agreement or at law or in equity are cumulative.

 15. ASSIGNMENTS: Lessor may from time to time assign, pledge or transfer this Agreement and/or any or all of its rights and obligations under this
Agreement to any person or entity. Lessee agrees, upon notice of any such assignment, pledge or transfer of any amounts due or to become due to Lessor under this Agreement lo pay all such amounts to such assignee, pledgee or transferee. Any
such assignee, pledgee or transferee of any rights or obligations of Lessor under this Agreement will have all of the rights and obligations that have been assigned to it. Lessee’s rights and interest in and to the Vehicles are and will
continue at all times to be subject and subordinate in all respects to any assignment, pledge or transfer now or hereafter executed by Lessor with or in favor of any such assignee. pledgee or transferee, provided that Lessee shall have the right of
quiet enjoyment of the Vehicles so long as no Event of Default under this Agreement has occurred and is continuing. Lessee acknowledges and agrees that the rights of any assignee, pledgee or transferee in and to any amounts payable by the Lessee
under any provisions of this Agreement shall be absolute and unconditional and shall not be subject to any abatement whatsoever, or to any defense, setoff, counterclaim or recoupment whatsoever, whether by reason of any damage to or loss or
destruction of any Vehicle or by reason of any defect in or failure of title of the Lessor or interruption from whatsoever cause in the use, operation or possession of any Vehicle, or by reason of any indebtedness or liability howsoever and whenever
arising of the Lessor or any of its affiliates to the Lessee or to any other person or entity, or for any other reason. 
 Without the prior written consent
of Lessor, Lessee may not assign, sublease, transfer or pledge this Agreement, any Vehicle, or any interest in this Agreement or in and to any Vehicle. or permit its rights under this Agreement or any Vehicle to be subject to any lien, charge or
encumbrance. Lessee’s interest in this Agreement is not assignable and cannot be assigned or transferred by operation of law. Lessee will not transfer or relinquish possession of any Vehicle (except for the sole purpose of repair or service of
such Vehicle) without the prior written consent of lessor. 
 16. MISCELLANEOUS: This Agreement contains the entire understanding of the parties. This
Agreement may only be amended or modified by an instrument in writing executed by each party. Lessor shall not by any act, delay, omission or otherwise be deemed to have waived any of its rights or remedies under this Agreement and no waiver
whatsoever shall be valid unless in writing and signed by Lessor and then only to the extent therein set forth. A waiver by Lessor of any right or remedy under this Agreement on any one occasion shall not be construed as a bar to any right or
remedy, which Lessor would otherwise have on any future occasion. If any term or provision of this Agreement or any application of any such term or provision is invalid or unenforceable, the remainder of this Agreement and any other application of
such term or provision will not be affected thereby. Giving of an notices under this Agreement will be sufficient if mailed by certified mail to a party at its address set forth below or at such other address as such party may provide in writing
from time to time. Any such notice mailed to such address will be effective one (1) day after deposit in the United States mail, duly addressed, with certified mail, postage prepaid. Lessee will promptly notify Lessor of any change in
Lessee’s address. This Agreement may be executed in multiple counterparts (including facsimile and pdf counterparts), but the counterpart marked. ORIGINAL- by Lessor will be the original lease for purposes of applicable law. All of the
representations, warranties, covenants, agreements and obligations of each Lessee under this Agreement (if more than one) are joint and several. 
 17.
SUCCESSORS AND ASSIGNS; GOVERNING LAW: Subject to the provisions of Section 15, this Agreement will be binding upon Lessee and its heirs. executors, personal representatives, successors and assigns, and will inure to the benefit of Lessor,
Servicer. any other agent of Lessor and their respective successors and assigns. This Agreement will be governed by and construed in accordance with the substantive laws of the State of Missouri (determined without reference to conflict of law
principles}. 
 18. NON-PETITION: Each party hereto hereby covenants end agrees that, prior to the date which is one
year and one day after payment in full of all indebtedness of the Tilling Trust, ii shall not institute against, or join any other person in instituting against. the Titling Trust any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings or other similar proceeding under the laws of the United Slates or any state of the United States. The provisions of this Section 18 shall survive termination of this Master Equity Lease Agreement. 

 04-00858 C1Q 244593 > 

IN WITNESS WHEREOF, Lessor and Lessee have duly executed this Master Equity Lease Agreement as of the day and year first above written. 

 

							
	LESSEE:	 		  	LESSOR:
			
	Bowman Consulting Group LTO	 		  	ENTERPRISE FLEET MANAGEMENT, INC.
			
	/S/                                     
               	 		  	/S/                                   
                                         
            .,
			
	Address: 3863 Centerview Drive	 		  	Address:                                 
                                         
   
		 		  		  	______________________________________
		 		  		  	______________________________________
			
	 Chantilly, VA 20151
	 		  	Date Signed:                                 
                                       1
	 Date Signed
	 		  	
		 		  		  	
		 		  	ENTERPRISE FM TRUST
				
		 		  	BY:	  	ENTERPRISE FLEET MANAGEMENT, INC., ils attorney in fact
		 		  		  	
		 		  	/S/                                   
                                         
            .,
			
		 		  	Address:                                 
                                        

		 		  		  	                                      
                                   
		 		  		  	                                      
                                   
			
		 		  	Date Signed:    9/20        , 2010EX-10.11

 Exhibit 10.11 

WINTHROP 
 Lease Agreement
Number BO092214 
 Lease Agreement 

This Lease Agreement, dated September 22, 2014, by and between WINTHROP RESOURCES CORPORATION (the “Lessor”) with an office
located at 11100 Wayzata Boulevard, Suite 800, Minnetonka, Minnesota 55305 and BOWMAN CONSULTING GROUP, LTD. (the “Lessee”) with an office located at 3863 Centerview Drive, Suite 300, Chantilly, Virginia 20151. 

Lessor hereby leases or grants to the Lessee the right to use and Lessee hereby rents and accepts the right to use the tangible property and
equipment whether or not listed by serial number (“Hardware”), and software, general intangibles and related services (“Software”) on the Lease Schedule(s) attached hereto or incorporated herein by reference from time to time
(collectively, the Hardware, Software and all related services are the “Equipment”), subject to the terms and conditions hereof, as supplemented with respect to each item of Equipment by the terms and conditions set forth in the
appropriate Lease Schedule. The term “Lease Agreement” shall include this Lease Agreement and the various Lease Schedule(s) identifying each item of Equipment or the appropriate Lease Schedule(s) identifying one or more particular items of
Equipment. 

 

	1.	 Term 

This Lease Agreement is effective from the date it is executed by both parties. The term of this Lease Agreement, as to all Equipment
designated on any particular Lease Schedule, shall commence on the Installation Date for all Equipment on such Lease Schedule and shall continue for an initial period ending that number of months from the Commencement Date as set forth in such Lease
Schedule (the “Initial Term”) and shall continue from year to year thereafter until terminated. The term of this Lease Agreement as to all Equipment designated on any particular Lease Schedule may be terminated without cause at the end of
the Initial Term or any year thereafter by either party mailing written notice of its termination to the other party not less than one-hundred twenty (120) days prior to such termination date. 

 

	2.	 Commencement Date 

The Installation Date for each item of Equipment shall be the day said item of Equipment is installed at the Location of Installation, ready
for use, and accepted in writing by the Lessee. The Commencement Date for any Lease Schedule is the first of the month following installation of all the Equipment on the Lease Schedule, unless the latest Installation Date for any Equipment on the
Lease Schedule falls on the first day of the month, in which case such date shall be the Commencement Date. The Lessee is committed to lease Equipment associated with the Lease Schedule and agrees to complete, execute and deliver to Lessor one or
more Certificate(s) of Acceptance listing the specific items of Equipment to be leased upon installation of such Equipment. 
  

	3.	 Lease Charge 

The lease charges for the Equipment leased pursuant to this Lease Agreement shall be the aggregate “Monthly Lease Charge(s)” as set
forth on each and every Lease Schedule executed pursuant hereto (the aggregate “Monthly Lease Charge(s)” are the “Lease Charges”). Lessor and Lessee agree that the fair market value of the use of the Equipment leased on any Lease
Schedule hereunder shall be the Monthly Lease Charge as set forth on such Lease Schedule. Lessee agrees to pay to Lessor the Lease Charges in accordance with the Lease Schedule(s), and the payments shall be made at Lessor’s address indicated
thereon. The Lease Charges shall be paid by Lessee monthly in advance with the first full month’s payment due on the Commencement Date. The Lease Charge for the period from the Installation Date to the Commencement Date (the “Installation
Period”) shall be an amount equal to the “Monthly Lease Charge” divided by thirty (30) and multiplied by the number of days from and including the

 
Installation Date to the Commencement Date and such amount shall be due and payable upon receipt of an invoice from Lessor. Charges for taxes made in accordance with Section 4 and charges
made under any other provision of this Lease Agreement and payable by Lessee shall be paid to Lessor at Lessor’s address specified on the Lease Schedule(s) on the date specified in invoices delivered to Lessee. If payment, as specified above,
is not received by Lessor on the due date, Lessee agrees to and shall pay, to the extent permitted by law, on demand, as a late charge, an amount equal to one and one-half percent (11⁄2%), or the maximum percentage allowed by law if less, of the amount past due (“Late Charges”). The parties agree that Late Charges shall be charged and
added to any past due amount(s) on the date such payment is due and every thirty (30) days thereafter until all past due amounts are paid in full to Lessor. Late Charges will accrue until billed by Lessor. 

 

	4.	 Taxes 

In addition to the Lease Charges set forth in Section 3, the Lessee shall reimburse Lessor for all license or registration fees,
assessments, sales and use taxes, rental taxes, recycling, administrative or environmental fees, gross receipts taxes, personal property taxes and other taxes or fees now or hereafter imposed by any government, agency, province or otherwise upon the
Equipment, the Lease Charges or upon the ownership, leasing, renting, purchase, possession, use, recycling or disposal of the Equipment, whether the same be assessed to Lessor or Lessee (the “Taxes”). Lessee’s obligation to remit
taxes and other non-rent related charges shall be due and payable upon invoice from Lessor in accordance with the terms of such invoice. Lessor shall file all property tax returns and pay all Taxes when due.
Lessee, upon notice to Lessor, may, in Lessee’s own name, contest or protest any Taxes, and Lessor shall honor any such notice except when in Lessor’s sole opinion such contest is futile or will cause a levy or lien to arise on the
Equipment or cloud Lessor’s title thereto. Lessee shall, in addition, be responsible to Lessor for the payment and discharge of any penalties or interest as a result of Lessee’s actions or inactions. Nothing herein shall be construed to
require Lessee to be responsible for any federal or state taxes or payments in lieu thereof, imposed upon or measured by the net income of Lessor, or state franchise taxes of Lessor, or except as provided hereinabove, any penalties or interest
resulting from Lessor’s failure to timely remit such tax payments. 

 

  

	5.	 Delivery and Freight Costs 

Lessee shall inspect, test, and either accept or reject the Equipment before such time as the applicable vendor requires payment for such
Equipment. 
 All transportation charges upon the Equipment for delivery to Lessee’s designated Location of Installation are to be
paid by Lessee. All rigging, drayage charges, structural alterations, rental of heavy equipment and/or other expense necessary to place the Equipment at the Location of Installation are to be promptly paid by Lessee. 

 

	6.	 Installation 

Lessee agrees to pay for the actual installation of the Equipment at Lessee’s site. Lessee shall make available and agrees to pay for
all costs associated with providing a suitable place of installation and necessary electrical power, outlets and air conditioning required for operating the Equipment as defined in the Equipment manufacturer’s installation manual or
instructions. All supplies consumed or required by the Equipment shall be furnished and paid for by Lessee. 
  

	7.	 Return to Lessor 

On the day following the last day of the lease term associated with a Lease Schedule (the “Return Date”), Lessee shall cause and
pay for the Equipment listed on that Lease Schedule to be deinstalled, packed using the manufacturer’s standard packing materials and shipped to a location designated in writing by Lessor (the “Return Location”). If the Equipment
listed on the applicable Lease Schedule is not at the Return Location within ten (10) days of the Return Date, or Lessee fails to deinstall and ship the Equipment on the Return Date, then any written notice of termination delivered by Lessee
shall become void, and the Lease Schedule shall continue in accordance with this Lease Agreement. Irrespective of any other provision hereof, Lessee will bear the risk of damage from fire, the elements or otherwise until delivery of the Equipment to
the Return Location. At such time as the Equipment is delivered to the Lessor at the Return Location, the Equipment will be at the risk of Lessor. 
  

	8.	 Maintenance 

Lessee, at its sole expense, shall maintain the Equipment in good working order and condition. Lessee shall enter into, pay for and maintain
in force during the entire term of any Lease Schedule, a maintenance agreement with the manufacturer of the Equipment providing for continuous uninterrupted maintenance of the Equipment (the “Maintenance Agreement”). Upon Lessor’s
request, Lessee shall provide a copy of each such Maintenance Agreement to Lessor. Lessee will cause the manufacturer to keep the Equipment in good working order in accordance with the provisions of the Maintenance Agreement and make all necessary
adjustments and repairs to the Equipment. The manufacturer is hereby authorized to accept the directions of Lessee with respect thereto. Lessee agrees to allow the manufacturer full and free access to the Equipment. All maintenance and service
charges, whether under the Maintenance Agreement or otherwise, and all expenses, if any, of the manufacturer’s customer engineers incurred in connection with maintenance and repair services, shall be promptly paid by Lessee. Lessee warrants
that all of the Equipment shall be in good working order operating according to manufacturer’s specification and eligible for the manufacturer’s standard maintenance agreement upon delivery to and inspection and testing by the Lessor. If
the Equipment is not free of physical defect or damage, operating according to manufacturer’s specification, in good working order and/or eligible for the manufacturer’s standard maintenance agreement, then Lessee agrees to reimburse
Lessor for all costs, losses, expenses and fees associated with such equipment and the repair or replacement thereof.

	9.	 Location, Ownership and Use 

The Equipment shall, at all times, be the sole and exclusive property of Lessor. Lessee shall have no right or property interest therein,
except for the right to use the Equipment in the normal operation of its business at the Location of Installation, or as otherwise provided herein. If a court of competent jurisdiction determines that any Lease Schedule hereto is not a true lease
(or a “finance lease”) for purposes of the Uniform Commercial Code), but rather a secured financing, then Lessee shall be deemed to have granted, and hereby grants to Lessor, a first priority security interest in the Equipment leased
thereunder together with all substitutions and replacements therefore and all attachments and accessories thereto and all proceeds (including insurance proceeds) thereof. The Equipment is and shall remain personal property even if installed in or
attached to real property. Lessor shall be permitted to display notice of its ownership on the Equipment by means of a suitable stencil, label or plaque affixed thereto. 

Lessee shall keep the Equipment at all times free and clear from all claims, levies, encumbrances and process. Lessee shall give Lessor
immediate notice of any such attachment or other judicial process affecting any of the Equipment. Without Lessor’s written permission, Lessee shall not attempt to or actually: (i) pledge, lend, create a security interest in, sublet,
exchange, trade, assign, swap, use for an allowance or credit or otherwise; (ii) allow another to use; (iii) part with possession; (iv) dispose of; or (v) remove from the Location of Installation, any item of Equipment. Lessee
shall not cause the Equipment to be located outside of the United States. If any item of Equipment is exchanged, assigned, traded, swapped, used for an allowance or credit or otherwise to acquire new or different equipment (the “New
Equipment”) without Lessor’s prior written consent, then all of the New Equipment shall become Equipment owned by Lessor subject to this Lease Agreement and the applicable Lease Schedule. 

Any feature(s) installed on the Equipment at the time of delivery which are not specified on the Lease Schedule(s) are and shall remain the
sole property of the Lessor. 
 Lessee shall cause the Equipment to be operated in accordance with the applicable vendor’s or
manufacturer’s manual of instructions by competent and qualified personnel. 
  

	10.	 Financing Statement 

Lessor is hereby authorized by Lessee to cause this Lease Agreement or other instruments, including Uniform Commercial Code Financing
Statements, to be filed or recorded for the purposes of showing Lessor’s interest in the Equipment. Lessee agrees to execute any such instruments as Lessor may request from time to time. 

 

	11.	 Alterations and Attachments 

Upon prior written notice to Lessor, Lessee may, at its own expense, make minor alterations in or add attachments to the Equipment, provided
such alterations and attachments shall not interfere with the normal operation of the Equipment and do not otherwise involve the pledge, assignment, exchange, trade or substitution of the Equipment or any component or part thereof. All such
alterations and attachments to the Equipment shall become part of the Equipment leased to Lessee and owned by Lessor. If, in Lessor’s sole determination, the alteration or attachment reduces the value of the Equipment or interferes with the
normal and satisfactory operation or maintenance of any of the Equipment, or creates a safety hazard, Lessee shall, upon notice from Lessor to that effect, promptly remove the alteration or attachment at Lessee’s expense and restore the
Equipment to the condition the Equipment was in just prior to the alteration or attachment. 

 

  
 Page 2 of 6

	12.	 Loss and Damage 

Lessee shall assume and bear the risk of loss, theft and damage (including any governmental requisition, condemnation or confiscation) to the
Equipment and all component parts thereof from any and every cause whatsoever, whether or not covered by insurance. No loss or damage to the Equipment or any component part thereof shall impair any obligation of Lessee under this Lease Agreement,
which shall continue in full force and effect except as hereinafter expressly provided. Lessee shall repair or cause to be repaired all damage to the Equipment. In the event that all or part of the Equipment shall, as a result of any cause
whatsoever, become lost, stolen, destroyed or otherwise rendered irreparably unusable or damaged (collectively, the “Loss”) then Lessee shall, within ten (10) days after the Loss, fully inform Lessor in writing of such a Loss and
shall pay to Lessor the following amounts: (i) the Monthly Lease Charges (and other amounts) due and owing under this Lease Agreement at the time of the Loss (or Event of Default, as defined hereinafter), plus (ii) the Original Cost of the
Equipment subject to the Loss (or Event of Default, as defined hereinafter) multiplied by the “Percent of Original Cost.” The Original Cost of a particular item of Equipment shall be Lessee’s original purchase price of such item at
the time of its purchase or payment to the applicable vendor by Lessor, plus additional or related charges such as taxes, delivery and freight, installation, maintenance, etc. The Percent of Original Cost shall be the Per Payment Factor multiplied
by the number of lease payments Lessor has received from Lessee during the Initial Term subtracted from 112 and then divided by 100. The Per Payment Factor is the sum of 112 multiplied by 0.8 divided by the number of Monthly Lease Charges that are
due during the Initial Term (collectively, the sum of (i) plus (ii) shall be the “Casualty Loss Value”). Upon receipt by Lessor of the Casualty Loss Value: (i) the applicable Equipment shall be removed from the Lease Schedule;
and (ii) Lessee’s obligation to pay Lease Charges associated with the applicable Equipment shall cease. Lessor may request, and Lessee shall complete, an affidavit(s) which swears out the facts supporting the Loss of any item of Equipment.

  

	13.	 Insurance 

Until the Equipment is returned to Lessor or as otherwise herein provided, whether or not this Lease Agreement has terminated as to the
Equipment, Lessee, at its expense, shall maintain: (i) property and casualty insurance insuring the Equipment for its Casualty Loss Value naming Lessor or its assigns as sole loss payee; and (ii) comprehensive public liability and
third-party property insurance naming Lessor and its assigns as additional insureds. The insurance shall cover the interest of both the Lessor and Lessee in the Equipment, or as the case may be, shall protect both the Lessor and Lessee in respect to
all risks arising out of the condition, delivery, installation, maintenance, use or operation of the Equipment. All such insurance shall provide for thirty (30) days prior written notice to Lessor of cancellation, restriction, or reduction of
coverage and shall have a clause specifying that no action or misrepresentation by Lessee shall invalidate such policy. Lessor shall be under no duty to ascertain the existence of or to examine any such policy or to advise Lessee in the event any
such policy shall not comply with the requirements hereof. Lessee hereby irrevocably appoints Lessor as Lessee’s attorney-in-fact to make claim for, receive payment
of and execute and endorse all documents, checks or drafts for loss or damage or return premium under any insurance policy issued on the Equipment. Prior to installation of the Equipment, all policies or certificates of insurance shall be delivered
to Lessor by Lessee. Lessee agrees to keep the Equipment insured with an insurance company which is at least “A” rated by A.M. Best and in such form, including a maximum deductible, as may be satisfactory to Lessor. The proceeds of any
loss or damage insurance shall be payable to Lessor, but Lessor shall remit all such insurance proceeds to Lessee at such time as Lessee either (i) provides Lessor satisfactory proof that the damage has been repaired and the Equipment has been
restored to good working order and condition or (ii) pays to Lessor the Casualty Loss Value. It is understood and agreed that any payments made by Lessee or its insurance carrier for loss or damage of any kind whatsoever to the Equipment are
not made as accelerated rental payments or adjustments of rental, but are made solely as indemnity to Lessor for loss or damage of its Equipment.

	14.	 Enforcement of Warranties 

Lessee, in its own name, shall, so long as this Lease Agreement is in force, enforce any manufacturer’s Equipment warranty. 

 

	15.	 Warranties, Disclaimers and Indemnity 

Lessor warrants that at the time the Equipment is delivered to Lessee, Lessor will have full right, power and authority to lease the
Equipment to Lessee. EXCEPT FOR THE WARRANTY IN THE SENTENCE DIRECTLY PRECEDING THIS ONE, THE LESSOR DOES NOT MAKE ANY WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. LESSEE
ACKNOWLEDGES THAT IT IS NOT RELYING ON LESSOR’S SKILL OR JUDGMENT TO SELECT OR FURNISH GOODS SUITABLE FOR ANY PARTICULAR PURPOSE, THAT LESSOR HAS NOT SELECTED, MANUFACTURED, SOLD OR SUPPLIED ANY OF THE EQUIPMENT, AND THAT THERE ARE NO EXPRESS
OR IMPLIED WARRANTIES CONTAINED IN THIS LEASE AGREEMENT. LESSEE REPRESENTS AND WARRANTS THAT IT IS NOT A FOREIGN “FINANCIAL INSTITUTION” OR ACTING ON BEHALF OF A FOREIGN “FINANCIAL INSTITUTION” AS THAT TERM IS DEFINED IN THE BANK
SECRECY ACT, 31 U.S.C. 5318, AS AMENDED. LESSEE ACKNOWLEDGES THAT LESSOR, IN COMPLIANCE WITH SECTION 326 OF THE USA PATRIOT ACT, WILL BE VERIFYING CERTAIN INFORMATION ABOUT LESSEE. LESSEE FURTHER ACKNOWLEDGES AND AGREES THAT LESSOR AND ITS
REPRESENTATIVES AND EMPLOYEES HAVE NOT MADE ANY STATEMENT, REPRESENTATION OR WARRANTY RELATIVE TO THE ACCOUNTING OR TAX ENTRIES, TREATMENT, BENEFIT, USE OR CLASSIFICATION OF THE LEASE AGREEMENT OR ASSOCIATED LEASE SCHEDULES. LESSEE ACKNOWLEDGES THAT
IT AND/OR ITS INDEPENDENT ACCOUNTANTS ARE SOLELY RESPONSIBLE FOR (i) ANY AND ALL OF LESSEE’S ACCOUNTING AND TAX ENTRIES ASSOCIATED WITH THE LEASE AGREEMENT AND/OR THE LEASE SCHEDULES AND (ii) THE ACCOUNTING AND TAX TREATMENT,
BENEFITS, USES AND CLASSIFICATION OF THE LEASE AGREEMENT OR ANY LEASE SCHEDULE. LESSOR SHALL HAVE NO RESPONSIBILITY OR LIABILITY WHATSOEVER FOR ANY INFORMATION, INCLUDING BUT NOT LIMITED TO CONSUMER OR PATIENT INFORMATION, THAT IS AT ANY TIME
ENTERED, STORED, TRANSFERRED TO, CONTAINED OR RETAINED ON ANY EQUIPMENT, WHETHER OR NOT SUCH INFORMATION IS SUBJECT TO FEDERAL, STATE OR OTHER LAW, INCLUDING BY WAY OF EXAMPLE ONLY AND NOT OF LIMITATION, THE HEALTH INSURANCE PORTABILITY
ACCOUNTABILITY ACT OF 1996 (HIPAA), FINANCIAL MODERNIZATION ACT (GRAMM-LEACH- BLILEY ACT), ETC. LESSOR SHALL NOT BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING, BUT NOT LIMITED TO, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN
CONNECTION WITH THE RELATIONSHIP BETWEEN THE LESSOR AND LESSEE, THIS LEASE AGREEMENT OR THE PERFORMANCE, POSSESSION, LEASE OR USE OF THE EQUIPMENT. THIS LEASE AGREEMENT IS INTENDED BY THE PARTIES TO BE A LEASE OF EQUIPMENT TO BE OWNED BY LESSOR (OR
WHICH LESSOR SHALL HAVE THE RIGHT TO LEASE) AND NOT A LOAN, SALE OR LEASE INTENDED AS A SALE OR LOAN. THIS LEASE AGREEMENT IS A “FINANCE LEASE” AS THAT TERM IS DEFINED AND USED IN ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE. NO RIGHTS OR
REMEDIES REFERRED TO IN ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE WILL BE CONFERRED ON LESSEE. 

 

  
 Page 3
of 6 

 Lessee agrees that Lessor shall not be liable to Lessee for, and Lessee shall indemnify,
defend and hold Lessor harmless with respect to, any claim from a third party for any liability, claim, loss, damage or expense of any kind or nature, whether based upon a theory of strict liability or otherwise, caused, directly or indirectly, by:
(i) the inadequacy of any item of Equipment, including Software, for any purpose; (ii) any deficiency or any latent or other defects in any Equipment, including Software, whether or not detectable by Lessee; (iii) the selection,
manufacture, rejection, ownership, lease, possession, maintenance, operation, use or performance of any item of Equipment, including Software; (iv) any interruption or loss of service, use or performance of any item of Equipment, including
Software; (v) patent, trademark or copyright infringement; (vi) any information whatsoever or the loss, release, unauthorized access, transfer, theft, use or misuse thereof, or (vii) any loss of business or other special, incidental
or consequential damages whether or not resulting from any of the foregoing. Lessee’s duty to defend and indemnify Lessor shall survive the expiration, termination, settlement, cancellation, assignment or resolution of this Lease Agreement or a
Lease Schedule and shall be binding upon Lessee’s successors and permitted assigns. 
  

	16.	 Event of Default 

The occurrence of any of the following events shall constitute an Event of Default under this Lease Agreement and/or any Lease Schedule: 

 

	 	(1)	 the nonpayment by Lessee of any Lease Charges when due, or the nonpayment by Lessee of any other sum required
hereunder to be paid by Lessee which non-payment continues for a period of ten (10) days from the date when due; 

  

	 	(2)	 the failure of Lessee to perform any other term, covenant or condition of this Lease Agreement, any Lease
Schedule or any other document, agreement or instrument executed pursuant hereto or in connection herewith, which is not cured within ten (10) days after written notice thereof from Lessor; 

 

	 	(3)	 Lessee attempts to or does remove, transfer, sell, swap, assign, sublease, trade, exchange, encumber, receive
an allowance or credit for, or part with possession of, any item of Equipment; 

  

	 	(4)	 Lessee ceases doing business as a going concern, is insolvent, makes an assignment for the benefit of
creditors, fails to pay its debts as they become due, offers a settlement to creditors or calls a meeting of creditors for any such purpose, files a voluntary petition in bankruptcy, is subject to an involuntary petition in bankruptcy, is
adjudicated bankrupt or insolvent, files or has filed against it a petition seeking any reorganization, arrangement or composition, under any present or future statute, law or regulation; 

 

	 	(5)	 any of Lessee’s representations or warranties made herein or in any oral or written statement or
certificate at any time given in writing pursuant hereto or in connection herewith shall be false or misleading in any material respect; 

  

	 	(6)	 Lessee defaults under or otherwise has accelerated any material obligation, credit agreement, loan agreement,
conditional sales contract, lease, indenture or debenture; or Lessee defaults under any other agreement now existing or hereafter made with Lessor; 

  

	 	(7)	 Lessee (i) enters into any merger or consolidation with, or sells or transfers all or any substantial
portion of its assets to, or enters into any partnership or joint venture other than in the ordinary course of business with, any entity, (ii) dissolves, liquidates or ceases or suspends the conduct of business, or ceases to maintain its
existence, (iii) if Lessee is a privately held entity, enters into or suffers any transaction or series of transactions as a result of which Lessee is directly or indirectly controlled by persons or entities not directly or indirectly
controlling Lessee as of the date hereof, or (iv) if Lessee is a publicly held entity, there shall be a change in the ownership of Lessee’s stock or other equivalent ownership interest such that Lessee is no longer subject to the reporting
requirements of, or no longer has a class of equity securities registered under, the Securities Act of 1933 or the Securities Exchange Act of 1934; or

	 	(8)	 the breach or repudiation by any party thereto of any guaranty, subordination agreement or other agreement
running in favor of Lessor obtained in connection with this Lease Agreement. 

  

	17.	 Remedies 

Should any Event of Default occur, Lessor may, with or without notice or demand upon Lessee, retain any and all security deposits and pursue
and enforce, alternatively, successively and/or concurrently, any one or more of the following remedies: 
  

	 	(1)	 recover from Lessee all accrued and unpaid Lease Charges and other amounts due and owing on the date of the
default; and 

  

	 	(2)	 recover from Lessee from time to time all Lease Charges and other amounts as and when becoming due hereunder;
and 

  

	 	(3)	 either (A) accelerate, cause to become immediately due and recover the present value of all Lease Charges
and other amounts due and/or likely to become due hereunder from the date of the default to the end of the lease term using a discount rate of four percent (4%); or (8) cause to become immediately due and payable and recover from Lessee the
Casualty Loss Value of the Equipment which Lessee agrees is not a penalty but rather a reasonable forecast of the just compensation for the harm caused by the Event of Default, which harm is incapable or very difficult of accurate estimation; and

  

	 	(4)	 terminate any or all of the Lessee’s rights, but not its obligations, associated with the lease of
Equipment under this Lease Agreement; and 

  

	 	(5)	 either (A) retake (by Lessor, independent contractor, or by requiring Lessee to assemble and surrender the
Equipment in accordance with the provisions of Section 7 hereinabove) possession of the Equipment without terminating the Lease Schedule or the Lease Agreement free from claims by Lessee which claims are hereby expressly waived by Lessee; or
(8) require Lessee to deliver the Equipment to a location designated by Lessor; and 

  

	 	(6)	 upon Lessor’s instructions after an Event of Default, Lessee agrees to cease immediately the use of any or
all Software, to uninstall and delete all copies of such licensed Software from any computer systems owned or controlled by Lessee or its affiliates or used for Lessee’s or Lessee’s affiliate’s benefit, to destroy any and all written
documentation, manuals and materials provided with the Software, and to provide Lessor with a certificate signed by a Lessee officer who is responsible for Lessee’s information systems, attesting to such cessation of use, deinstallation,
deletion, and/or destruction of the Software; and 

  

	 	(7)	 proceed by court action to enforce performance by Lessee of its obligations associated with any Lease Schedule
and/or this Lease Agreement; and/or 

  

	 	(8)	 pursue any other remedy Lessor may otherwise have, at law, equity or under any statute, and recover damages and
expenses (including attorneys’ fees) incurred by Lessor by reason of the Event of Default. 

 

  
 Page 4 of 6

 Upon repossession of the Equipment, Lessor shall have the right to lease, sell or otherwise
dispose of such Equipment in a commercially reasonable manner, with or without notice, at a public or private sale. Lessor’s pursuit and enforcement of any one or more remedies shall not be deemed an election or waiver by Lessor of any other
remedy. Lessor shall not be obligated to sell or re-lease the Equipment. Any sale or re-lease may be held at such place or places as are selected by Lessor, with or
without having the Equipment present. Any such sale or re-lease, may be at wholesale or retail, in bulk or in parcels. Time and exactitude of each of the terms and conditions of this Lease Agreement are hereby
declared to be of the essence. Lessor may accept past due payments in any amount without modifying the terms of this Lease Agreement and without waiving any rights of Lessor hereunder. 

 

	18.	 Costs and Attorneys’ Fees 

In the event of any default, claim, proceeding, including a bankruptcy proceeding, arbitration, mediation, counter-claim, action (whether
legal or equitable), appeal or otherwise, whether initiated by Lessor or Lessee (or a debtor-in-possession or bankruptcy trustee), which arises out of, under, or is
related in any way to this Lease Agreement, any Lease Schedule, or any other document, agreement or instrument executed pursuant hereto or in connection herewith, or any governmental examination or investigation of Lessee which requires
Lessor’s participation (individually and collectively, the “Claim”), Lessee, in addition to all other sums which Lessee may be called upon to pay under the provisions of this Lease Agreement, shall pay to Lessor, on demand, all costs,
expenses and fees paid or payable in connection with the Claim, including, but not limited to, attorneys’ fees and out-of-pocket costs, including travel and related
expenses incurred by Lessor or its attorneys. 
  

	19.	 Lessor’s Performance Option 

Should Lessee fail to make any payment or to do any act as provided by this Lease Agreement, then Lessor shall have the right (but not the
obligation), without notice to Lessee of its intention to do so and without releasing Lessee from any obligation hereunder to make or to do the same, to make advances to preserve the Equipment or Lessor’s title thereto, and to pay, purchase,
contest or compromise any insurance premium, encumbrance, charge, tax, lien or other sum which in the judgment of Lessor appears to affect the Equipment, and in exercising any such rights, Lessor may incur any liability and expend whatever amounts
in its absolute discretion it may deem necessary therefor. All sums so incurred or expended by Lessor shall be due and payable by Lessee within ten (1O) days of notice thereof. 

 

	20.	 Quiet Possession and Inspection 

Lessor hereby covenants with Lessee that Lessee shall quietly possess the Equipment subject to and in accordance with the provisions hereof
so long as Lessee is not in default hereunder; provided, however, that Lessor or its designated agent may, at any and all reasonable times during business hours, enter Lessee’s premises for the purposes of inspecting the Equipment and the
manner in which it is being used. 
  

	21.	 Assignments 

This Lease Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
Lessee, however, shall not assign this Lease Agreement or sublet any of the Equipment without first obtaining the prior written consent of Lessor and its assigns, if any. Lessee acknowledges that the terms and conditions of this Lease Agreement have
been fixed in anticipation of the possible assignment of Lessor’s rights under this Lease Agreement and in and to the Equipment as collateral security to a third party (“Assignee” herein) which will rely upon and be entitled to the
benefit of the prov1s1ons of this Lease Agreement. Lessee agrees with Lessor and such Assignee to recognize in writing any such assignment within fifteen (15) days after receipt of written notice thereof and to pay thereafter all sums due to
Lessor hereunder directly to such Assignee if directed by Lessor, provided, however, that such recognition by Lessee shall not constitute a waiver of any defense, set-off or counterclaim

 
whatsoever (whether arising from a breach of this Lease Agreement or not) that Lessee may from time to time have against Lessor. Upon such assignment, the Lessor shall remain obligated to perform
any obligations it may have under this Lease Agreement and the Assignee shall (unless otherwise expressly agreed to in writing by the Assignee) have no obligation to perform such obligations. Any such assignment shall be subject to Lessee’s
rights to use and possess the Equipment so long as Lessee is not in default hereunder. 
  

	22.	 Survival of Obligations 

All covenants, agreements, representations, and warranties contained in this Lease Agreement, any Lease Schedule, or in any document attached
thereto, shall be for the benefit of Lessor and Lessee and their successors, any assignee or secured party. Further, all covenants, agreements, representations, and warranties contained in this Lease Agreement, any Lease Schedule, or in any document
attached thereto, shall survive the execution and delivery of this Lease Agreement and the expiration or other termination of this Lease Agreement. 
  

	23.	 Corporate Authority 

The parties hereto covenant and warrant that the persons executing this Lease Agreement and each Lease Schedule on their behalf have been
duly authorized to do so, and this Lease Agreement and any Lease Schedule constitute a valid and binding obligation of the parties hereto. Lessee will, at Lessor’s request, provide to Lessor, Certificates of Authority naming the officers of the
Lessee who have the authority to execute this Lease Agreement and any Lease Schedules attached thereto. Lessee agrees that it shall advise Lessor of any change in Lessee’s name, address or corporate structure within ten (10) days. 

 

	24.	 Landlords’ and Mortgagees’ Waiver 

If reasonably requested by Lessor, Lessee shall make commercially reasonable efforts to furnish waivers, in form and substance reasonably
satisfactory to Lessor, from all landlords and mortgagees of any premises upon which any Equipment is or may be attached or affixed to the real property. 
  

	25.	 Miscellaneous 

This Lease Agreement, the Lease Schedule(s), attached riders and any documents or instruments issued or executed pursuant hereto will have
been made, executed and delivered in, and shall be governed by the internal laws (as opposed to conflicts of law provisions) and decisions of, the State of Minnesota. Lessee and Lessor consent to the exclusive jurisdiction of any local, state or
federal court located within Minnesota. Venue must be in Minnesota and Lessee hereby waives local venue and any objection relating to Minnesota being an improper venue to conduct any proceeding relating to this Lease Agreement. At Lessor’s sole
election and determination, Lessor may select an alternative forum, including arbitration or mediation, to adjudicate any dispute arising out of this Lease Agreement. 

TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO EACH IRREVOCABLY WAIVES ANY RIGHT TO A TRIAL BY JURY OF ANY CLAIM, DEMAND,
ACTION, CAUSE OF ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR IN ANY WAY CONNECTED WITH, OR RELATED TO, OR INCIDENTAL TO THIS AGREEMENT OR SUCH TRANSACTIONS, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND IRRESPECTIVE OF WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE. 
 This Lease Agreement was jointly
drafted by the parties, and the parties hereby agree that neither should be favored in the construction, interpretation or application of any provision or any ambiguity. There are no unwritten or oral agreements between the parties. This Lease
Agreement and associated Lease Schedule(s) constitute the entire understanding and agreement between Lessor and Lessee with respect to the lease of the Equipment superseding all prior agreements, understandings, negotiations, discussions,

 

  
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proposals, representations, promises, commitments and offers between the parties, whether oral or written. This Lease Agreement and associated Lease Schedule(s) constitute a single unitary
agreement. No provision of this Lease Agreement or any Lease Schedule shall be deemed waived, amended, discharged or modified orally or by custom, usage or course of conduct unless such waiver, amendment or modification is in writing and signed by
an officer of each of the parties hereto. If any one or more of the provisions of this Lease Agreement or any Lease Schedule is for any reason held invalid, illegal or unenforceable, the remaining provisions of this Lease Agreement and any such
Lease Schedule will be unimpaired, and the invalid, illegal or unenforceable provisions shall be replaced by a mutually acceptable valid, legal and enforceable provision that is closest to the original intention of the parties. Lessee agrees that
neither the manufacturer, nor the supplier, nor any of their salespersons, employees or agents are agents of Lessor. 
 Any notice
provided for herein shall be in writing and sent by overnight courier providing a receipt of delivery or by certified or registered mail to the parties at the addresses stated on page 1 of this Lease Agreement. 

The Monthly Lease Charge is intended to be fixed from the Commencement Date to the end of the term. The three year treasury rate is an
integral part of the lease rate. The Lessee and Lessor agree that the lease rate shall also be fixed during the Installation Period but should the three year treasury note increase during such Installation Period, the lease rate will be adjusted on
the Commencement Date. 
 Lessor is entitled to review a complete set of Lessee’s financial statements, including a statement of cash
flows, balance sheet and income statement, and any other financial information that Lessor may request. If during the Installation Period the Lessee’s financial condition changes in any material respect (as determined by the Lessor in its sole
discretion), then Lessor shall be entitled to stop purchasing equipment to be leased to Lessee and commence the applicable lease schedule(s). 

This Lease Agreement shall not become effective until delivered to Lessor at its offices at Minnetonka, Minnesota and executed by Lessor.

 This Lease Agreement is made subject to the terms and conditions included herein and Lessee’s acceptance is effective only to the
extent that such terms and conditions are consistent with the terms and conditions herein. Any acceptance which contains terms and conditions which are in addition to or inconsistent with the terms and conditions herein will be a counter- offer and
will not be binding unless agreed to in writing by Lessor. The terms used in this Lease Agreement, unless otherwise defined, shall have the meanings ascribed to them in the Lease Schedule(s).

	26.	 REPOSSESSION 

LESSEE ACKNOWLEDGES THAT, PURSUANT TO SECTION 17 HEREOF, LESSOR HAS BEEN GIVEN THE RIGHT TO REPOSSESS THE EQUIPMENT SHOULD LESSEE BECOME IN
DEFAULT OF ITS OBLIGATIONS HEREUNDER. LESSEE HEREBY WAIVES THE RIGHT, IF ANY, TO REQUIRE LESSOR TO GIVE LESSEE NOTICE AND A JUDICIAL HEARING PRIOR TO EXERCISING SUCH RIGHT OF REPOSSESSION. 

 

	27.	 Net Lease 

This Lease Agreement is a net lease and Lessee’s obligations to pay all Lease Charges and other amounts payable hereunder shall be
absolute and unconditional and, except as expressly provided herein, shall not be subject to any: (i) delay, abatement, reduction, defense, counterclaim, set-off, or recoupment; (ii) discontinuance
or termination of any license; (iii) Equipment failure, defect or deficiency; (iv) damage to or destruction of the Equipment; or (v) dissatisfaction with the Equipment or otherwise, including any present or future claim against Lessor
or the manufacturer, supplier, reseller or vendor of the Equipment. To the extent that the Equipment includes intangible (or intellectual) property, Lessee understands and agrees that: (i) Lessor is not a party to and does not have any
responsibility under any Software license and/or other agreement with respect to any Software; and (ii) Lessee will be responsible to pay all of the Lease Charges and perform all its other obligations under this Lease Agreement despite any
defect, deficiency, failure, termination, dissatisfaction, damage or destruction of any Software or Software license. Further, Lessee agrees that ii has an unconditional, irrevocable and absolute obligation to pay all Lease Charges and other amounts
payable hereunder to the Lessor although (i) the Lessor does not hold title to any Software (or intellectual or intangible property), (ii) Lessor is not a party to any Software license (or intellectual or intangible property license) that is
listed among the Equipment on any Lease Schedule and (iii} any license to Software is exclusively between the licensor of the Software (“Licensor”) and the Lessee. Except as expressly provided herein, this Lease Agreement shall not
terminate for any reason, including any defect in the Equipment or Lessor’s title thereto or any destruction or loss of use of any item of Equipment. 
  

	28.	 Headings 

Section headings herein are used for convenience only and shall not otherwise affect the provisions of this Lease Agreement.

 

  
 IN WITNESS WHEREOF, the parties hereto
have caused this Lease Agreement to be signed by their respective duly authorized representative. 
  

					
	Every Term is Agreed to and Accepted:	  		  	Every Term is Agreed to and Accepted:
			
	WINTROP RESOUCES CORPORATION	  		  	BOWMAN CONSULTING GROUP LTD.
			
	By: /S/__________________________________________	  		  	By: /S/_______________________________________
			
	Print Name: Barbara E. King________________________	  		  	Print Name: Bruce Labovitz________________________
			
	Title: Senior Vice
President                                        
            	  		  	Title: CFO__________________________________        
			
	Date:
                                         
                                         
  	  		  	Date:
                                         
                                         
  

  
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