Effective Date: October 14, 2025
Initial Term: This Agreement shall commence on the Effective Date and continue for an initial term of 12 months unless terminated earlier as provided herein.
Renewal: This Agreement may be renewed for additional 12-month terms upon mutual written agreement of both parties.
This Owner-Operator Lease Agreement ("Agreement") is entered into on October 14, 2025, between:
Delta Advanced Trucking, Inc. ("Company"), a transportation company located at 500 Pacific Ave, Dallas, TX 75202
and
Robert Johnson ("Owner-Operator"), an independent contractor with Driver ID DRV-012, located at 88 S Main St, Akron, OH 44308, Phone: 618-623-9317
Owner-Operator is an independent contractor and not an employee, agent, joint venturer, or partner of Company. Owner-Operator shall be solely responsible for all taxes, insurance, benefits, and other obligations associated with self-employment.
Owner-Operator shall have the right to control the manner and means of performing the services, subject to Company's dispatch requirements and safety standards.
Owner-Operator agrees to lease the following commercial motor vehicle ("Equipment") to Company:
This Agreement shall continue for the initial term and any renewal terms unless terminated earlier as provided herein.
Either party may terminate this Agreement with 30 days written notice to the other party.
Company may terminate immediately for cause, including but not limited to:
Company shall pay Owner-Operator a weekly lease payment of $850.00 for use of the Equipment.
Weekly payments shall be made via Weekly Direct Deposit every Friday for the preceding week's services.
Company shall provide Owner-Operator with detailed settlement statements showing all revenue, deductions, and lease payments for each pay period.
Owner-Operator shall be responsible for:
Company shall be responsible for:
Owner-Operator shall maintain at all times the following minimum insurance coverage:
Owner-Operator shall be responsible for all routine maintenance and repairs, including:
Owner-Operator shall maintain complete maintenance records and make them available to Company upon request.
Owner-Operator shall be responsible for all fuel costs. Company shall provide fuel cards with established credit limits and negotiated discounts.
Owner-Operator shall be responsible for all tolls, permits, and fees unless otherwise agreed in writing.
Company may provide fuel advances and expense advances subject to established policies and repayment terms as specified in the Settlement/Payment Authorization.
Owner-Operator shall comply with all applicable federal, state, and local laws, regulations, and industry standards, including but not limited to:
Owner-Operator shall indemnify and hold Company harmless from any claims, damages, losses, or liabilities arising from Owner-Operator's operation of the Equipment, except to the extent caused by Company's negligence or willful misconduct.
Upon termination of this Agreement, Owner-Operator shall immediately return all Company property, including but not limited to fuel cards, dispatch equipment, and any other items provided by Company.
This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether written or oral.
This Agreement may only be modified by written agreement signed by both parties.
Delta Advanced Trucking, Inc.
Printed Name: John Smith
Title: Operations Manager
Signature
Date: October 14, 2025
Robert Johnson (DRV-012)
Printed Name: Robert Johnson
Driver ID: DRV-012
Signature
Date: October 14, 2025