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1.14 "FASB ASC Topic 840"means Accounting Standards Codification®Topic 840,Leases,as promulgated by the Financial
<br /> Accounting Standards Board.
<br /> 1.15 "FASB ASC Topic 842"means Accounting Standards Codification®Topic 842,Leases,as promulgated by the Financial
<br /> Accounting Standards Board(or any successor standard),as may be modified by the Financial Accounting Standards Board from time
<br /> to time.
<br /> 1.16 "Force Majeure Event" means any event that is reasonably beyond the control of the party,including, without limitation,
<br /> acts of God,strikes,lockouts,riots,acts ofwar,epidemics,pandemics,governmental action after the Effective Date,fire,communication
<br /> line failures,power failures,earthquakes,or other disasters.
<br /> 1.17 "GASB"means the Governmental Accounting Standards Board.
<br /> 1.18 "GASB No.13"means Statement No. 13 of the GASH,Accounting for Operating Leases with Scheduled Rent Increases.
<br /> 1.19 "GASB No. 87" means, commencing with Client's fiscal year-end financial statements for fiscal years beginning after
<br /> December 15,2019,Statement No.87 of the GASH,Leases,as may be modified by the GASB from time to time.
<br /> 1.20 "GASB No. 96" means, commencing with fiscal years starting after June 15, 2022, Statement No. 96 of the GASB,
<br /> Subscription-Based Information Technology Arrangements,as may be modified by the GASB from time to time.
<br /> 1.21 "IFRS 16" means International Financial Reporting Standards (IFRS) 16, Leases, as promulgated by the International
<br /> Accounting Standards Board(or any successor standard), as may be modified by the International Accounting Standards Board from
<br /> time to time.
<br /> 1.22 "Initial Term"means the initial term of an applicable Sales Order,as set forth in such Sales Order;provided,however,that
<br /> if such Sales Order does not contain an Initial Term,the Initial Term shall be one year,commencing on the date such Sales Order is last
<br /> signed by the parties.
<br /> 1.23 "Integration"means any application programming interface or other functionality that integrates the Solution with a third-
<br /> party application,such as(without limitation)Client's third-party general ledger accounting software,through LeaseQuery's integration
<br /> platform referred to as LeaseQuery Connect or otherwise.
<br /> 1.24 "Intellectual Property Rights"means any and all common law, statutory and other intellectual property rights, including,
<br /> without limitation,copyrights,trademarks,trade secrets,patents and other proprietary rights issued,honored or enforceable under any
<br /> applicable laws anywhere in the world,and all moral rights related thereto.
<br /> 1.25 "LeaseQuery"means LeaseQuery,LLC,a Delaware limited liability company.
<br /> 1.26 "Legal Notices"shall be as defined in Section 10.1 of this Agreement.
<br /> 1,27 "NDA"means any confidentiality or nondisclosure agreement(or other agreement with a similar purpose)entered into by
<br /> the parties hereto or their respective affiliates in consideration of potentially entering into the business relationship governed by this
<br /> Agreement.
<br /> 1.28 "Preexisting Materials" means all items of property (including, without limitation, equipment and Intellectual Property
<br /> Rights)that such party owned prior to the provision of any Professional Services.
<br /> 1.29 "Professional Services" means, if applicable for the purchased subscription, any services purchased by Client that are
<br /> provided by LeaseQuery's personnel or its subcontractors' personnel for the implementation of the applicable Solution or ongoing
<br /> support of Client in connection with its use of the Solution.For the avoidance of doubt,the provision of access to the Solution is not a
<br /> Professional Service.
<br /> 1.30 "Record"means any individual record with a unique identifier that is entered into and stored in the Solution.With respect to
<br /> LeaseQuery's Solution for leases,a single leased asset may be comprised of multiple Records(such as for land and improvements),and
<br /> a single contract may provide for multiple leased assets.
<br /> 1.31 "Renewal Term"has the meaning set forth in Section 6.1 of this Agreement.
<br /> 1.32 "Sales Order"means any sales order or statement of work(as may be amended by a change order,amendment or otherwise,
<br /> from time to time) that (i) describes the LeaseQuery products and services purchased by Client and the fees related thereto, (ii)
<br /> specifically incorporates by reference the terms and conditions of this Agreement,and(iii)is signed by both parties.
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