HEREBY AGREE THAT
1. I am responsible for the safekeeping of the said materials and the safe return of the materials to SMCA within the time limit designated above.
2. Should any loss or damage of the above materials occur during the period that they were loaned to me, whether or not such loss or damage occurred by my own negligence, I HEREBY AGREE to pay to SMCA an amount equal to the replacement amount of such materials.