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HomeMy WebLinkAboutE-3.2. Vehicle Leases for 8 Chevy BoltsLEASE AGREEMENT CHEVROLEf nnn-ru ADQITQATIMI PnnvirIinNl Lease Date: Lessor Name and Business Address i v v r r r r r-u..+,,,„ Lessee Name and Address Co -Lessee Name and Address LHEVROLET CITY OF A7.USA N/A i 2'r.4i5 L.P.M.rra1. Ave 2.1.3 FAST FOOTHILL BL.VD N/A Chino, CA 9171.0 1471.15A, CA 9.1702 N/A County: 1.05 ANGELf'S County: N/A Lessee Billing Address if different than above Vehicle Gara in Address If different than above Principal Driver: County: (if business use) _ .. _- ,_____ n.,_. �.._„ ..........• maw,, ,r,a ia«„r and env assinnee of this Lease. The terms, conditions, and disclosures in this In this Lease, "you" and your mean me lessee auu wieoecc. ,.c, •••_-• - -- , -- Lease govern your Lease with us. Each of you who signs the Lease is jointly and severally liable to us for all Lease obligations. You are easing e Vehicle escri "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease,'e means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase option. Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 3B, your lease is a single payment lease. 1. The Vehicle Bod S le Vehicle ID # Odometer Primer Use NewNsed Year Make Model Personal, unless otherwise indicated below NEW .01? CHFVRW F'T BOLT EV SDR WGN LT 1G1FY6S09K4123433 10 ❑business ❑agricultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 320.00 4. Other Charges (not part of your scheduled payment) 5. Total of Payments (The amount you will Lease Signing or 9 9 A. Yo r firs monthly payment of $ is due 04r23t19 35 have paid by the end Deliver Y on monthly followed by 320.00 23 A. Disposition fee Cif you do not of the Lease ) payments of $ , due on the purchase the Vehicle and we do 31.4 5 00 (Itemized in Item 6) of each month. N/A not waive the fee under Item 23(t)) $ N/A N /A $ / B. Your single payment of $_ is due on B. N/A N A $ N A C $ (2+ 3C+ 4D- 6A3- 6A4- 6A5) C. The Total of your Scheduled Payments is - 395.00 $ 6-6:34.00 $ 11,52c,... D. Total $ 6. Itemization of Amount Due at Lease Signing or Deliver A. Amount Due at Lease Signing or Delivery:7NA B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ � $ N /A 2. Taxes on capitalized cost reduction $ 1. Net trade-in allowance 3. First monthly payment $ $0., f>34, 0vi5. 4. Single scheduled payment $2. Rebates and noncash credits - 2,On7i0.00 Refundable security deposit $ N /A - 6. Lease acquisition fee $ 3. Amount tobe paid in cash $ 7. Vehicle license fees $ N 8.75 A N/A id/A 4. Other $ 8. Registration, transfer, and titling fees $ R.OB 9. Sales/use tax $ 6,634.00 10. Document processing charge (not a governmental fee) $ 8-5 00 5. Total $ 11. Bectronic vehicle registration or transfer charge (not a govemmemal tee)$ 29'00 12. California tire fee $ N/A N/A N/A 13. $ N/A $ N/A 14. b, 634.00 15. Total $ 7. Your scheduled payment is determined as shown below: A. Gross capitalized cost. The agreed upon value of the Vehicle ($ 34,404.1.0 ) and any items you pay over 36,054.10 the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you pay that reduces the gross capitalized cost., .. - ,-. - ' " - - 29,.407.:i7 C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. 1. Eiy2 0 D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. _ $ , -. E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through - 9 fl ].4 . ©7 normal use and for other items paid over the Lease term. _ $ , 705.77 F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ 10, 520. 64 G.Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ $ H. Lease payments. The number of payments in your Lease. - 36 2y2 r4 I. Base scheduled payment. - $ r r 6 J. Sales/use tax (e). + $ N/A + $ iJ/A K NIA + $ N /A L. = $ ;s2v'i.00 M.Total Scheduled Payment. Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be. 8. Excessive Wear and Use. You maybe charged for excessive wear based on our standards for normal use and for mileage in excess of 10,000 miles per year at the rate of. $ 0. '$" per mile. 19 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ ,592.50 plus a purchase option fee of $ N/A . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Capitalized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34,404.10 G. Document processing charge (not a governmental fee) $ N /A B. Agreed upon value of each accessory and item of H. Electronic vehicle regislralon or transfer charge (not a governmental fee) $ N/A optional equipment we agree to add to the Vehicle after I. California tire fee $ N/A Lease signing (describe) J. Prior Credit or Lease Balance $ N/A N/A $ id/tt Optional Products and Services: N/A $ N/A K. N/A $ N/A L. N/A $ N/A N/A $ NIA N/A $ N/A M N/A $ N/A C. Vehicle license fees $ N/A N N/A $ N/A D. Registration, transfer, and titling fees $ N/n 0. N/A $ N/A ;SSr E. Lease acquisition fee $ � � vviw N/A P. $ N/A F. Sales/use tax $ _ Q. Total Gross Capitalized Cost: $ 36,064.10 12. The Trade -In Vehicle Year N/A A. Agreed Upon Value of Trade -In $ N/A Make N /A B. Prior Credit or Lease Balance - $ N /A Model _N/A C. Net Trade -In Allowance (If less than 0 then enter 0) = $ N /H IF YOU DO NOT MEETYOUR OBLIGATIONS UNDER THIS LEASE. WE MAY RETAKE THE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license 16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless tees, registration, tale, and taxes over the term of your Lease, whether included in your scheduled payments or assessed otherwise: $ 1, 6 E'B • bye). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5 % of the unpaid portion of the late payment You will not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ O-W for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows. it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a $ 25.00 Administrative Fee per incident, if the law allows It. this box is checked: ❑ ❑ It this box is checked, the Vehicle is subject to the following express warranties: N/A Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturers standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By initialing below, you indicate that you want to buy the optional products and services indicated. If the cost shown below is not shown as part of theitemization-of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Optional Product or Service Covera a Price Name of Provider Approval '. N/A Lessee Initials N /A Lessee Initials N / A Lessee Initials N/A Lessee Initials 18. TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500,000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 1,000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name Insurance Agency Name NIA Agency AddresAgency Phone Number N/A Agent's Name NIA Policy Number -NIA - Deductibles: Collision $ iJ /A Comprehensive $ N /A 19. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED A. This Lease is scheduled to end on a date determined as follows: (1) It the date of this Lease is the 29th, 301h, or This Lease contains the entire afiregment between you and us relating to this Lease. Any change 31st of the month, staff with the Ist day of the month immediately following the date of this Lease and move forward by the number of months in the lease term (Item 19B); or (2) If the date of this Lease is not the 291h, Nth, or 3W of to the Lease must be in rtung 5ntl both you nd we must sign it. No o changes are binding. �" y the Lessee X �� &J; ` - L- month, start with the date of this Lease and mow; forward by the number of months in the lease term (item 19B). Signs _ B. The scheduled lease term is 36months. Co -Lessee Signs X N/A to-s Az� 04/23/1.9 N/A Lessee Signature Date Co -Lessee Signature Date Tvna/p,iM 0- , ___ _ -. sue vo-13n-mo'oN u"0A fiisse scot cue Rrueren6 6ue'suoge6ggo lie a6re4os!p pue 13Bllco of eau6!ssy of sramod IIn141!M 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES "w y yuu vim no inoeramt under MIS Lease.! • You do not pay any payment on Its scheduled due date under this Lease; • You do not pay any other amount due under this Lease when we ask that you pay h; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; • You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehicle is the subiect of iiuiicial or.dmmrmr.fi o.,r,,,.evai...._.. �_..___:__.._ ---- - a oanxruptcy, receivership, or insolvency proceeding or one is started against you or your property; • You do anything that endangers the Vehicle or your ability to pay your Lease obligations; "You fail to return the Vehicle when required to do so under this Lease; • You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: - End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts right away; • If the Vehicle has an electronic locating device, use it to find the Vehicle; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instruct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehicle may be to do so; • Sue you for damages or to get the Vehicle back; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehicle to move it to a storageplace. After repossessing the Vehicle, we will hold it free of any rights you may have under this Lease, subject to any night the law gives you to cure the default or recover the Vehicle. We may take and store any personal hems that are in the Vehicle. If you do not ask for these items back, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal property you claim was in the Vehicle when it was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and storing the Vehicle, allOmey's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for it. We may end the Lease early it you are in defauff; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a "Total Loss'); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehide to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depreciation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definifion below). It the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown In Item 8. In addifion to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depredation and amortized amounts in the base scheduled payments that have become due. Each Item 71 Base Scheduled Payment Consis6 of • a rent charge portion; and • a potion allocable to depreciation and any amortized amounts. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated ro • rent charge; and •depredation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depreciation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment. Under the .Constant Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it declines during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge" is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: (1) all depredation and amortized amounts accrued dump the previous periods, and (h) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge calculations are based on the assumption that we will receive your scheduled payments on their exact due dates and that the Lease goes to its full term. Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (1) The Item 7CAdjusted Capitalized Cost; minus IT) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the 'Constant Yield Method' the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time doing the Lease term, the "Balance Subject to Rent Charge" equals: (1) the Item 7C Adjusted Capitalized Cost; minus (h) the Item 71 Base Scheduled Payment; plus (iii) all rent charges accrued during previous pedods. The rent charge calculations are based on the assumption that the Lease goes to its full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal light (see below), the Fair Market Wholesale Value of the Vehicle is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Sche�di)uled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: T the Item 71 Base Scheduled Payment; divided by (it) the number of months in the Lease Term (Item 19B); times (iii) the number of full months remaining after the date of the early termination unfil the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's fair market wholesale value. if you do so within a reasonable time, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) Insurance. For the duration of the Lease term, and until you return the Vehicle, you agree to maintain the amounts and types of primary insurance as indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must Indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your insurer does not pay a claim for any reason, A will mean that you have not maintained the required insurance. You will pay for any loss we incur because you do not maintain required insurance or because the insurer does not pay a calm. If you fail to obtain and maintain the required insurance, we may, if we choose, buy it for you. We may add the amount we pay for this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our option, ask you to pay it tight away. If we decide to buy this Insurance, we may either buy insurance that covers your interest and our interest, or buy insurance that covers only our interest, unless the law requires us to buy insurance that also protects your interests. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entitled to the money. If the Lease ends in connection With our receipt of the money, we will treat any of the money we do not use to repair the Vehicle as part of the arcs we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehicle. It the Vehicle is a Total Loss (as described in the second paragraph of Its 22, Early Termination Liability) during the Lease term, we may at our option agree in writing ro continue this Lease and provide you with a substitute vehide. If you and we do not agree ro confine this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 any Termination Liabirity, and you will only owe the amounts described in the following paragraphs of this hem 23(b). But if: (a) the Vehicle was forfeited or Confiscated under governmental authomy or (b) the Total Loss arose from your fraud, intentional wrongful act or omission, gross negif once, or other failure to use the Vehicle in compliance with It Lease (see Item 23(i)�, then you will still owe the Item 22 Early Termination Liability. If we receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), then: Monthly Payment Lease. We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the Adjusted Lease Balance (see Item 22) to compute a net lease balance (the "Net Lease Balance'). If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If the insurance settlement we receive is more than the Net Lease Balance, you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the 'Net Lease Balance"). If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), you will owe us: (i) the Actual Cash Value of the Vehicle (see definifion below); minus (ii) any part of your insurance deductible that you pay us; minus (iii) any settlement we receive from your insurance Company; minus (iv) any amount we receive for selling the Vehicle as salvage; plus (v) if the Vehicle is returned to us, the Item 4A Disposition Fare unless this fee is waived under Item 23(t). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (i) the retail value of the Vehicle on the date of the. Total Loss, as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (!I) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehicle on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. (c) Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected to result from ordinary use of the Vehicle, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23f)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do not have to make the repairs.) Repairs, including tires, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to opal or replace: • painting or lettering the Vehicle or modifying its VIN; • accessories, equipment, 24. ARBITRATION PROVISION (d) (0) (Q (g) (h) iD (k) (m) (n) (a) (t) (u) (w) (w) (x) (Y) or parts that have been added, removed, damaged or modified (including missing keys or remote entry devices) without our poor written permission; •road damage, chips, scratches, cracks, plugs, i n' " staining, corrosion or damage ro the glass, paint, body, bumpers, suspension, engine, powemain, frame, wheels, floor ceverings, seats or any other part of the interior; •mechanical or electrical malfunction, upholstery, interior or trunkliner damage, stains or tears, dented tom or molding, or damage from water, sand, or freezing; •inoperable lights; • ores that have sidewa11 plugs, gouges, cuts or is cords or are not part of a matching set of five tires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more tires with less than 1/8 inch of tread remaining at the shallowest point; • any condition that renders the Vehicle unsafe, incapable of passing any required inspection or makes the Vehicle run noisy, rough or unsafely; and •any other wear beyond normal we You will not owe a charge for excess mileage or excess wear if you purchase the Vehicle. Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the securitydeposit to any amounts you owe under this Lease, or, if you exercise your purchase option, to the price of the Vehicle. Any unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. Option to Purchase Vehicle. You have the option to buy the Vehicle at any time from a party designated by us. If you do, you agree to re -register and re -titre the Vehicle in your name no later than 30 days from the time you purchase it. If you fail to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Rem 22) plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at aplace we designate when this lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return ft within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (Item 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or ailerthe Scheduled Lease End (Item 19), you will also pay us the total of the following amounts: •the Item 4A Disposition Fee unless this fee is waived under Item 23(t); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mileshown in Item 8; • an excess wear charge (Item 23(c)); . the Additions Amounts Due (see Item 23(s)). We will apply the Additional Credits ro the amount you owe (see Item 23(s)). Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement fires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehide. We may but are not required to provide you with a replacement vehicle for any reason. You will maintain and keep in the Vehicle a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. Registration, Parking Tickets, Tells and Taxes. You must keep the Vehicle currently registered. You must pay all parking tickets, tolls and traffic fines relating to the Vehicle. If you do not pay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. a may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us If we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehicle, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as part of your scheduled payment. We may change your scheduled payment if taxes change. It you don't pay a fine, penalty, toll or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus the Item 15 Administrative Fee. Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; •Without our prior written consent, alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibits or in a way that produces unusually high depredation; "Allow unlicensed drivers to drive the Vehicle; • Use the Vehicle for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; - Take the Vehicle out of the United States without our written consent except for trips to Canada that do not exceed 30 days; • Change the Vehicle without our written consent. You will not let anyone else do any of these things. Indemnification. We are not responsible for any injuries, damages, expenses or claims, Including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to Indemnify and hold us (and our assignees, successors, agents, and insurers) harmless for all such injuries, damages, expenses and claims. Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. Your Odometer Obligations. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. It the odometer is at any time inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. if you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer certification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or imprisoned If you do not complete the disclosure or if you make a false statement. Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible tax consequences under this Lease. Inspection. Upon reasonable notice to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. Giving Notice. Notices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, in which case you agree that the state -required period is reasonable. Notice and Agreement Regarding E"Mails and CallsfText Messages to Wireless Telephones: You agree, in order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or VoiPlinternet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may include using pre-recorded/artificial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may assign, transfer, or sell your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: • Any official fees and taxes related to the termination. • Any other amounts due under this Lease including any unpaid late charges or other amounts due because you failed to meet your obligations under this Lease. If this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credits, you will owe us the difference. If the sum of the credits exceeds the amounts you owe, we will refund the difference to you. Disposition Fee Waiver: The Item 4A Disposition Fee will be waived ff you purchase or lease a new General Motors vehicle when this Lease ends. Limited Power of Attorney. If there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any tide or registration or on any check or draft we receive for that Vehicle damage or loss. Payoff Agreement. Original lessor relied on information from you and/or the lienholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 126above as the "Prior Credit or Lease Balance "Original lessor agrees to pay the payoff amount shown in Item 12B to the lienholder or lessor of the trade-in vehicle, or its designee. If the actual payoff amount is more than the amount shown in Item 12B, you must pay the original lessor the excess on demand. If the actual payoff amount is less than the amount shown in Item 12B, original lessor will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 12B, or any refund due from the original lessor. General. It any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease isour entire agreement. We have made no promises to you not contained in this Lease. If any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Lease. Address Waiver. You waive the provisions of California Vehicle Code Section 1BD8.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to vanity your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an Incomplete application or from Incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonapproval results from an incomplete information provided by you, or (2) for any other reason if original lessor Is unable to assign the Lease to any one of the financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice or in any other manner in which actual notice is given ro you) within 10 days of the date this Lease is signed if original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to original lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by original lessor, including any trade-in vehicle. If you do not immediately return the Vehicle, you will be liable for all expenses Incurred by original lessor in taking the Vehicle from you, including reasonable attorneys fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be in full force and you assume all tisk of loss or damage to the Vehicle. You must pay all reasonable costs of repair of any damage to the Vehicle, until the Vehicle is returned to original lessor. ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract, tort, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the arbhrability of the claim or dispute), between you and us or our employees, agents, successors or assigns, which arises out of or relates to your credit application, lease or condifon of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a court action. If federal law provides that a clam or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and not as a class action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association, (yww.adcor ), or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting its website. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the arbitrator or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not specify Crow fees must be allocated, we will pay the filing, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of MOOD, unless the law requires us to pay more. The amount we pay may be reimbursed in whole or in part by decision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for its own attorney, expert and other fees, unless awarded by the arbitrator under applicable jaw. If the chosen arbitaton organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shalt control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. You and we retain the right to seek remedies in small claims court for disputes or claims within that Courts jurisdiction, unless such action is transferred, removed or appealed to a different court. Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, to recover amounts you owe under this Lease, or for individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrator's award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. If any part of this Arbitration Provision, other than wavers of class action rights, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waver of class action rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee") for the assignment of leases by Lessor to Assignee -_r�tw acc'rnc all right tile and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in Connection with the Lease, LEASE AGREEMENT CHEVROLEf ARBITRATION PROVISION) ..INLWET CITY OF AZUSA N/A +.enLral Ave 213 EAST' FOOTHTIA BLVD hl/A i:hi.no, CA 91710i 1AZUSA, CA 91702 N/A L.OS ANGEL.ES I cTRIFIn,, idjA Principal Driver: (ibusiness use' Lease govern your Lease with us. Each of you who signs the Lease is jointly and severally liable to us for all Lease obligations. You are leasing the Vehicle described "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease, "a" means an estimate. The Consun Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 3B, your lease is a single payment lease. 1. The Vehicle New/Used Year I Make Model I Body StvIe I Vehicle ID # Odometer Primary Use on Personal, unless otherwise NP:W Fii9 I CHF',i;ii. I f .. 50R WI IT 1G1FY6S01. K41.1.71.42 `i 16 Indicated below ❑ business ❑ agricultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 320'00 4. Other Charges (not part of your scheduled S.Total of Payments Lease Signing or y r-first monthly payment of $ is due o`_1 %! `' Payment ) (The amount you will y Delivery •- ---- on to we b month) ' "s Y� y have paid by the end (Itemized in Item 6) - payments of$-, due on the A. Disposition fee (g you do not purchase the Vehicle and we do 395.00 of the Lease) of each month. N /A not wahalhe fee under Item 23(t)) $ - N104t{ ri /IV B. Your irglppaymentof$ is due on // B. $ 1B,229 00 C. $ $ (2+3C+4D-6A3-6A4- C. The Tt�ayl np(� your Scheduled Payments is S 395.00 IS .V0 $ D. Total $ 6A5) 6. Itemization of Amount Due at Lease SII or Delivery A. Amount Due at Lease Signing or Delivery: B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ - N / A 2. Taxes on capitalized cost reduction $ 1. Net trade-in allowance $ Al 3. First monthly payment $ - 4 , 634 . k37i 4. Single scheduled payment $ _ 2. Rebates and noncash credits $ n 5. Refundable security deposit $ 2 , Ox?i0. 00 v n 6. Lease acquisition fee $ 3. Amount to be paid in cash $ 7TT-- 7. Vehicle license fees $ N/A N/A 8. Registration, transfer, and titling fees $ -fig- 4. Other $ 9. Salesluse tax $ -VA,) 6,634.00 10. Document processing charge (not a governmental fee) $ 5. Total $ 11. Electronic whiele registration or transfercharge (not a govimmenlai fee)$ 12. California tire, fe�q $ u 13. $ 14. w t $ 15. Total $ 7. Your scheduled a m1Rendetermined as shown below: yS4 , 04.10 A. Gross capitalized cost. The agreed upon value of the Vehicle ($ ) and any items you pay over 35,054.10 the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ B. Capitalized cost reducyon. The amount of any net trade-in allowance, rebate, noncash credit, or cash yod 5, 646. 73 pay that reduces the gross capitalized cost. - $7- C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. _ $ _ ' D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. - $ ' ' ` •' E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through 9,814.87 normal use and for other items paid over the Lease term. _ $ F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ G.Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ _ $ � � H. Lease payments, The number of payments in your Lease. - JJjl-Cil I. Base scheduled payment. _ $ �- Sales/use tax (el. H + $ / iJ r� IJ. K. N A L. + $ 320.QX M.Total Scheduled Payment. _ $ Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is like) to be. vJ , B. Excessive Wear and Use. You may b5 charged for excessive wear based on our standards for normal use and for mileage in excess of ' miles per year at the rate of $ 0. per mile. 19° 599 60 9. Purchase Option at f Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ plus a purchase N�A option fee of $ N/ The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Capitalized Cost A. reed u value of the Vehicle as ui dal Lease si nin $ 34 ` 404. 1Ci A9 Pan eq PPe 9 9 G. Document processing charge not a governmental fee $ N/A P 9 9 ( 9 ) B. Agreed upon value of each accessory and item of id i+ H. Electronic vehice registration or transfer charge (not a gouemmental fee) $ N H optional equipment we agree to add to the Vehicle after I. California tire fee $ J. Lease Balance $ N TA__ Lease signing 1pe dlpe) ',''N N/�+ Prior Credit or $ Optional Product;Rand Services: t1/t{ N A$ N7 A K. $ L AJ ii iJ rl N A I1r7A $ t o � $ -$N A N. N/A N A C. Vehicle license fees N A O N/A $ N A D. Registration, transfer, and titling fees $ 6fi0.00 NA N A E. Lease acquisition fee $ R $ - ` F. Sales/use tax $ •/ Q. Total Gross Capitalized Cost: $ 12. The Trade -In Vehicle Year 1° /' 1 A. Agreed Upon Value of Trade -In $ N/A Make N/A N/A B. Prior Credit or Lease Balance _ $ N/A N/A Model C. Net Trade -In Allowance (If less than 0 then enter 0) _ $ IF YOU DO NOT MEET YOUR OBLIGATIONS UNDER THIS LEASE, WE MAY RETAKE THE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your Lease, whether Included in your scheduled payments or assessed otherwise: $ 1. ' 658 . Sej. The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5% of the unpaid portion of the late payment You will not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0-00 for any check, instrument or electronic funds debit that Is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay It, you will reimburse us for the amount paid plus a $ 25.00 Administrative Fee per incident, if the law allows it. 16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless this box is checked: ❑ ❑ If this box is checked the Vehicle is subject to the following express warranties: N7A Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturers standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By initialing below, you Indicate that you want to buy the optional products and services Indicated. If the cost shown below is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Optional Product or Service Coverage Price Name of Provider Approval N/A Lessee Initials 14/ A Lessee Initials Lessee Initials Lessee Initials 18. TYPES AND AMOUNTS OF REQUIRED. INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500,000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 1,000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name N/A Insurance Agency Name N/A Agency AdoressN/A Agency Phone Number N/A Agent's Name N/A Policy Number N/A Deductibles: Collision $ N/A Comprehensive $ N/ A 19. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED A. This Lease is scheduled to end on a date determined as follows: (1) If the date of this Lease is the 29th, 30th, or This Lease contains the entire agreement between you and us relating to this Lease. Any change 31st of the month, ¢fart with the 1st day of the month immediately follovdng the date of this Lease and move forward by the numberof mmfhs in the lease term (Item 19B); or (2) II the date of this lease is nd the 29h, 30th, or 3lst of to the Lease must be in in g and both yop and we must sign it. Ngwral changes are binding. `ice �•�� /'1-Z iizl r the month, start with the date of this Lease and move forward by the number of months in the lease term (Item 19B). Lessee Signs X J B. The scheduled lease term is :ih months. Co -Lessee Signs X NIA NOTICE: THE OTHER SIDE OF THIS LEASE CONTAINS IMPORTANTTERMS AND CONDITIONS, INCLUDING AN ARBITRATION PROVISION. Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neutral, binding arbitration and not by a curt action. See the Arbitration Provision for additional inforTP40n concerning the agreement to arbitrate. Lessee Signs X Co -Lessee Signs X Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessor's Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide fora "cooling off" or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel this lease only with the agreement of the lessor or for legal cause, such as fraud. Notice is hereby given thatAijidghts, but not the obligations, of tR Purchase and/or sell the asset described in Prffease have been assigned to pursuant to an agreement between and (1) Do not sign this lease before you read it or if it contains any blank spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge is included in this lease for public liability or property damage insurance, payment for that coverage is not provided by this lease. YOU AGREETOTHETERMS OFTHIS LEASE.YOU ACKNOWLEDGEYOU HAVE EXAMINEDTHE VEHICLE,THATTHEVEHICLE IS EQUIPPED ASYOU WANT, ANDTHAT IT IS IN GOOD CONDMON.YOU ACCEPT THE VEHICLE FOR ALL PURPOSES OFTHE LEASE.YOU UNDERSTANOTHATYOU HAVE NO OWNERSHIP RIGHTS INTHEVEHICLE UNLESSYOU EXERCISEYOUR OPTION TO PURCHASETHE VEHICLE.YOU CONFIRM THAT BEFOREYOU SIGNEDTHIS LEASE,WE GAVE ITTO YOU, AND YOU WERE FREETO TAKE IT AND REVIEW MYOU ACKNOWLEDGETHATYOU READ BOTH SIDES OFTHIS LEASE, INCLUDING THE ARBITRATION PROVISION ON THE REVERSE SIDE (ITEM 24), BEFORE SIGNING BELOW. YOU CONFIRM THATYOU RECEIVED A COMPLETELY FILLED -IN COPY WHEN YOU SIGNED THIS LEASE. LESSEE SIGNATURES u L,-. ,.. y.. r, G,ic.` - 04 /2.3/.1.9 J NIA Lessee Signature Date Co -Lessee Signature Date Type/Print Lessee Name I ' " ' Type/Print Co -Lessee Name MIA COMMERCIAL LESSEE SIGNATURE , Commercial Lessee ADate By m Type/Print Name Type/Print Title LESSOR'S ACCEPTANCE The Lessor's authorized signature Indicates the Lessor has accepted the terms, conditions and obligations of this Lease._- > Lessor Name: 14 N - n r - By: ;oA Lienholder Name: WELLSFRGO AS CTL AST Type/Print Name: I Assignee Name: ACAR Leasing Ltd. Type/Print Title: II Aw' FORM NO. GMF-UCL-CA Ixsevl5l 02015 The Reynolds and Reynolds Company TO ORDER: www.gmldeaierskonexom DEALER COPY \ ME Merle MNIQe NO WARRAMV.UPPRERS OR IMPUEO, ASTO MereNr OR FITNESS FOR PURPOSE.1 PER In. CONSULT W1on. I.EORL COUNSEL 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES If any of the followina o urs you will be in default under this Lease• • You do not pay any payment on its scheduled due date under this Lease; "You do not pay any other amount due under this Lease when we ask that you pay ft; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; " You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehicle is the subject of judicial or administrative proceedings; • You assign the Lease a bankruptcy, receivership, or insolvency proceeding or one is started against you or your property; • You do anything that endangers the Vehicle or your ability to pay your Lease obligations; • You fail to return the Vehicle when required to do so under this Lease; •You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: • End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts fight away; • it the Vehicle has an electronic locating device. use it to find the Vehicle; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby Instruct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehicle may be to do so; • Sue you for damages or to gel the Vehicle back; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehicle to move it to a storage place. After repossessing the Vehicle, we will hold it free of any lights you may have under this Lease, subject to any right the law gives you to cure the default or recover the Vehicle. We may take and store any personal items that are in the Vehicle. It you do riot ask for these items back, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal progeny you claim was in the Vehicle when ft was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and storing the Vehicle, attorney's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for R We may and the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a `Total Loss'); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehicle to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depredation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). If the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. In addition to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depredation and amortized amounts in the base scheduled payments that have become due. Each Item 71 Base Scheduled Payment consists of • a rent charge portion; and • a portion allocable to depredation and any amortized amounts. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated to • rent charge; and • depredation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depredation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment. Under the 'Constant Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as ft declines during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge' is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: Si) all deprecation and amortized amounts accrued during the previous petlods, and (ii any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge on their exact due dates and that the Lease goes to its full term Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (i) The Item 7C Adjusted Capitalized Cost; minus (n) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the 'Constant Yield Method" the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time during the Lease term, the 'Balance Subject to Rent Charge' equals: (I) the Item 7C Adjusted Capitalized Cost; minus (icy the Item 71 Base Scheduled Payment; plus (iii) all rent charges accrued during previous periods. The rent charge calculations are based on the assumption that the Lease goes to its full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal right (see below), the Fair Market Wholesale Value of the Vehicle is: " if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: (i) the Item 71 Base Scheduled Payment; divided by (ii) the number of months in the Lease Term (Item 19B); times (ill) the number of full months remaining after the date of the early termination until the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's air market wholesale value. If you do so within a reasonable time, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) (b) (c) Insurance. For the duration of the Lease term, and until you return the Vehicle, you agree to maintain the amounts and types of primary insurance as indicated in Item 18 on the front of this lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must sate that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your insurer does not pay a daim for any reason, it will mean that you have not maintained the required insurance. You will pay for any loss we incur because you do not maintain required insurance or bemuse the insurer does riot pay a claim. If you fail to obtain and maintain the required insurance, we may, if we choose, buy h for you. We may add the amount we pay for this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our option, ask you to pay ft right away. If we deride to buy this insurance, we may either buy insurance that covers your interest and our interest, or buy insurance that covers only our interest, unless the law requires us to buy insurance that also protects your interests. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entitled to the money. If the Lease ends in connection with our receipt of the money, we will beat any of the money we do not use to repair the Vehicle as part of the price we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. Total Loss of Vehicle. If the Vehicle is a Total Loss (as described in the second paragraph of Item 22, Early Termination Liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. If you and we do not agree to continue this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 Early Termination Liability, and you will only owe the amounts described in the following paragraphs of this Item 23(b). But If: (a) the Vehicle was forfeited or confiscated under governmental authority, or (b) the Total Loss arose from your fraud, intentional wrongful act or omission, gross negligence, or other failure to use the Vehicle In compliance with this Lease (see Item 23(i)), then you will still owe the hem 22 Early Termination Liability. If we receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), then: Monthly Payment Lease. We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contacts included in this Lease from the Adjusted Lease Balance (see hem 22) to compute a net lease balance (the 'Net Lease Balance'). If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, it any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If the insurance settlement we receive is more than the Net Lease Balance, you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from mncelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the 'Net Lease Balance'). If the insurance settlement we receive is more than the Net Lease Balance, you will also twelve a credit for the excess. If the Net Lease Balance is more than the insurance settlement we receive, you will owe theexcess up to the amount if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. It we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), you will owe us: (i) the Actual Cash Value of the Vehicle (see definition below); minus (0) any part of your insurance deductible that you pay us; minus (III) any settlement we receive from your insurance company; minus (iv) any amount we receive for selling the Vehicle as salvage; plus (v) h the Vehide is returned to us, the Item 4A Disposition Fee unless this fee is waived under Item 23(1). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (i) the retail value of the Vehicle on the date of the Total Loss, as listed in a recognized national or regional guidebook for used vehide values with no deductions for prior damage or the condition of the Vehicle; or (11) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehide on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected to result from ordinary use of the Vehide, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23(i)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do not have to make the repairs.) Repairs, including tires, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair or replace: • painting or lettering the Vehicle or modifying is VIN; • accessories, equipment 24. ARBITRATION PROVISION or parts that remote entry de.,—, cracks, plugs, finfing, stamina, suspension, engine, powerhain, fra,,. the interior; • mechanical or electrical mi stains or tears, dented trim or molding, tar damage m,,,, .. _ lights; • fires that have sidewall plugs, gouges, cuts or exposee __ matching set of five fires or of unequal quality to the originals (or four with a �r_ and type as the original); • one or more tires with less than 1/8 inch of tread remaining at the shallowest point; • any condition that renders the Vehicle unsafe, incapable of passing any required inspection or makes the Vehicle run noisy, rough or unsafely; and • any other wear beyond normal wear. You will not owe a charge for excess mileage or excess wear if you purchase the Vehicle. (d) Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the security deposit to any amounts you owe under this Lease, or, it you exerdse your purchase option, to the price of the Vehicle. Any unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. (e) Option to Purchase Vehicle. You have the option to buy the Vehide at any time from a party designated by us. If you do, you agree to re -register and re -title the Vehicle in your name no later than 30 days from the time you purchase ft. If you fail to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). (l) Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement. If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return ft within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (Item 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease End (Item 19), you will also pay us the total of the following amounts: • the Item 4A Disposition Fee unless this fee is waived under Item 23(t); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8; • an excess wear charge (Item 23(c)); • the Additional Amounts Due (see Item 23(s)). We will apply the Additional Credits to the amount you owe (see Item 23(s)). (g) Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement tires. You will, at your expense, sevice the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the remit repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehicle. We may but are not required to provide you with a replacement vehicle for any reason. You will maintain and keep in the Vehide a record of aft maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. (h) Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking tickets, tolls and traffic fines relating to the Vehicle. If you do not PPay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. We may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us if we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and Interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehicle, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as part of your scheduled payment. We may change your scheduled payment if taxes change. If you don't pay a fine, penalty, toll or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus the Item 15 Administrative Fee. If) Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; • Without our prior written consent, alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibits or in a way that produces unusually high depredation; • Allow unlicensed drivers to drive the Vehicle; • Use the Vehide for more than 30 days outside the sate where you originally registered the Vehicle without our prior written permission; • Take the Vehicle out of the United Sates without our written consent except for hips to Canada that do not exceed 30 days; • Change the Vehicle witirout our written consent. You will not let anyone else do any of these things. Q) IndemniRcation. We are not responsible for any injuries, damages, expenses or claims, Including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to Indemnify and hold us (and our assignees, successors, agents, and Insurers) harmless for all such injuries, damages, expenses and claims. (k) Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. p) Your Odometer Obligations. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. If the odometer is at any time inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer certification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or Imprisoned it you do not complete the disclosure or if you make a false statement. (m) Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. (n) Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible tax consequences under this Lease. (o) Inspection. Upon reasonable notica to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. (p) Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. (q) Giving Notice. Notices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed In the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless sate law requires a longer period, in which case you agree that the sate -required period is reasonable. (r) Notice and Agreement Regarding E-Malls and Calls/Text Messages to Wireless Telephones: You agree, in order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or VoiPfinternet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may Include using pre-recordedlartificial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entitles to whom we may assign, transfer, or sell your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. (s) Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: " Any official fees and taxes related to the termination. • Any other amounts due under this Lease including any unpaid late charges or other amounts due because you ailed to meet your obligations under this Lease. If this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credits, you will owe us the difference. If the sum of the credits exceeds the amounts you owe, we will refund the difference to you. (t) Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Motors vehicle when this Lease ends. (u) Limited Power of Attorney. It there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any fifle or registration or on any check or draft we receive for that Vehicle damage or loss. (v) Payoff Agreement. Original lessor relied on information from you and/or the lienholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the "Prior Credit or Lease Balance' Original lessor agrees to pay the payoff amount shown in Item 12B to the lienholder or lessor of the trade-in vehicle, or is designee. If the actual payoff amount is more than the amount shown In Item 12B, you must pay the original lessor the excess on demand. If the actual ppaayoff amount is less than the amount shown In Item 128, original lessor will refund the difrerence to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 12B, or any refund due from the original lessor. (w) General. If any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease is our entire agreement. We have made no promises to you not contained in this Lease. If any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Lease. (x) Address Waiver. You waive the provisions of California Vehicle Code Section 1808.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a law days for original lessor to verity your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an incomplete application or from Incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if ft) nonapproval results from an incomplete information provided by you. or (2) for any other reason if original lessor is unable to assign the Lease to any one of gee financial insfilutionewith whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice (or in any other manner in which actual notice Is given to you) within 10 days of the date this Lease is signed if original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to original lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by original lessor, including any trade-in vehicle. If you do not immediately return the Vehicle, you will be liable for all expenses incurred by original lessor in taking the Vehicle from you, inducting reasonable attorneys fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance lor the Vehicle, will be in full force and you assume all risk of loss or damage to the Vehicle. You must pay all reasonable costs of repair of any damage to the Vehicle, until the Vehicle is returned to original lessor. ARBITRATION PROVISION PLEASE REVIEW • IMPORTANT" AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract, tort, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the arbitral ility of the claim or dispute), between you and us or our employees, agents, successors or assigns, which arises out of or relates to your credit application, lease or condition of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our electron, be resolved by neutral, binding arbitration and not by a court action. If federal law provides that a claim or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such daim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and not as a Gass action. You expressly waive any fight you may have to arbitrate a class action. You may choose the American Arbitration Association, (www.adr.o , or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting its webshe. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable salute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the daim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the arbitrator or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not specify how fees must be allocated, we will pay the filing, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed In whole or in part by decision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for Its own attorney, expert and other fees, unless awarded by the arbitrator under applicable law. If the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any sate law concerning arbitration. Any award by the arbitrator shall be in writing and will be final and binding on all parties, subject to any limited fight to appeal under the Federal Arbitration Act. You and we retain the fight to seek remedies in small claims court for disputes or claims within that courts jurisdiction, unless such action is transferred removed or appealed to a different court. Neither you nor we waive the dght to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, to recover amounts you owe under this Lease, or for individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrator's award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. If any part of this Arbitration Provision, other than waivers of class action rights, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class action rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee") for the assignment of leases by Lessor to Assignee from time to time, Lessor hereby assigns all right, title and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to collect and discharge all obligations, any guaranty and this assignment. Form No. GMF"UCL-CA 8/15 Lease Date: " J ` .. , __ASE AGREEMENT CHEvROLET (WITH ARBITRATION PROVISION) Lessor Name and Business Address Lessee Name and Address Co -Lessee Name and Address SNTTH OF iAZLISA N/A 45 Cain Lra.l Ave 213 FAST FOOTHILL RI Vt3 N/A rlrr, CA 917.10 AZUSA, CA 91.702 N/A County: LOS ANGFI.FS County: II Lessee Billing Address if different than above - Vehicle Garaging Address if different than above Principal Driver: 'County: (if business use) In this Lease, "you" and "your' mean the lessee and oo-lessee. "We," "us" and "our" mean I, e,lessor, and any assignee of this Lease. The terms, conditions, and disclosures in this Lease govern your Lease with us. Each of you who signs the Lease is jointly and several II liable to us for all Lease obligations. You are leasing the Vehicle described below (the "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your ob i ations under the Lease. In this Lease, "e" means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and ave no ownership rights in the Vehicle unless you exercise your purchase option. Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 3B, your lease is a single payment lease. 1. The Vehicle New/Used I Year Make Model Body Style I Vehicle ID # I Odometer Primary Use Personal, unless otherwise -DR WON LT 1.GIFY6>-° 10 Indicated below ❑ business ❑ agricultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 4. Other Charges (not part of your scheduled 5.Total of Payments Lease Signing or 9 9 320.00 A. Your first monthly payment of $ is due payment) (The amount you will Delivery on followed by 3) monthly have paid by the end T payments of $ , due on the A. Disposition fee (6 you do not purchase the Vehicle and we do of the Lease) (Itemized in Item 6) of each month. o 39�.00 not waive the fee under Item 23(t)) $ B. Your si aalIe payment of N/r1 is due on N%T+ B. $ N/'1 /IAA N r1 $18,229.00 C. $ (2+ 3C+ 4D- 6A3- 6A4- C. The Total of your Scheduled Payments is $ 6, 634,Oz%r $ 11,Fi20-vF7i D. Total S °'-V'0 6A5) 6. itemization of Amount Due at Lease Signing or Deliver A. Amount Due at Lease Signing or Delivery: B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ - 4 rl W A 2. Taxes on capitalized cost reduction $ 1. Net trade-in allowance $ 320-V,0 3. First monthly payment $ IJ A 4, 63A. 21m) 4. Single scheduled payment $ N H 2. Rebates and noncesh credits $ 5. Refundable security deposit $ N H 2 , OW. Px3 6. Lease acquisition fee $ 3. Amount to be paid in cash $ 7. Vehicle license fees $ 8"75 N N/A iJ/A 4. Other $ 6. Registration, transfer, and titling fees $ 8 R 08 9. Sales/use tax $ 6 , fi .'i 4 . W1 00 85 10. Document processing charge (not a governmental fee) $ . 5. Total $ 11. Electronic vehcte registration ortralder charge (not a governmental fee)$ `�J'60 12. California fire f e $ N.TA_ 13. NIA $ N/A 14 N A $ N/r, 15. Total $ 6,634-ov, - 7.Your scheduled payment is deterptined as shown below: 404.10E 3A A. Gross capitalized cost. The agreed upon value of the Vehicle ($ ' ) and any items you pay over the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ 35,054.10 B. Capitalized cost reduction. The amount of any net trad€-in allowance, rebate, noncash credit, or cash you = - pay that reduces the gross capitalized cost. - _ $ j u•16.73 C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. _ $ 29 , 407 . 37 D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. _ $ 19 , 5,32 - 50 E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through normal use and for other items paid over the Lease term. _ $ 9 , 834 . B 7 F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ 70S.77 G. Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ $ 10, 520.. 64 H. Lease payments. The number of payments in your Lease. _ 36 I. Base scheduled payment. _ $ 292 „'4 J. Sales/use tax (e). + $ 27.76 K. + $ N/A L. $ ' N rA . M.Total Scheduled Payment. = $ 320.00 Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is like) to be. 8. Excessive Wear and Use. You maybe charged for excessive wear based on our standards for normal use and for mileage in excess of 1' 000 miles per year at the rate of $ 0. ; r" per mile. 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ 19,b92.50plus a purchase option fee of $ N/A. . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Capitalized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34 , 404 . 1Q' G. Document processing charge (not a governmental fee) $ N/A B. Agreed upon value of each accessory and item of H. Electronic vehicle registration or transfer charge (not a governmental fee) $ N /A optional equipment we agree to add to the Vehicle after 1. California tire fee $ N/A Lease signing,I1describe) J. Prior Credit or Lease Balance $ N/A N/A $ N/A Optional Products and Services: K. N/A $ N/A N/A $ 14/A N/A $ N/A L. N/A $ N/A N/A $ N/A M. N/A $ N/A C. Vehicle license fees $ N/A N N/A $ N/A D.Registration, transfer, and tilling fees $ N/A O N/A $ N/A E. Lease acquisition fee $ 1350.00 A N / P. $ N/A F. Salestuse tax $ N/A Q. Total Gross Capitalized Cost: $ 35,054.10 12.The Trade-in Vehicle Year NIA A. Agreed Upon Value of Trade -In $ N/A Make N/Fr B. Prior Credit or Lease Balance - $ N/A Mi C. Net Trade -In Allowance (If less than 0 then enter O) _ $ IF YOU DO NOT MEET YOUR OBLIGATIONS UNDER THIS LEASE WE MAY RETAKE THE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your Lease, whether included in your scheduled payments or assessed otherwise: $ 1, 65R . 55 (a). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5% of the unpaid portion of the late payment You will not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0• for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a $ 25 - 0C.7, Administrative Fee per incident, if the law allows it. 16. Warranties. The Vehicle is subject to the manufacturers standard warranty, unless this box is checked: ❑ ❑ If this box is checked, the Vehicle is subject to the following express warranties: Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturers standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warrantes during the term of the warranty or service contract. 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By initialing below, you indicate that you want to buy the optional products and services indicated. If the cost shown below is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Optional Product or Service Coverage Price Name of Provider Approval N/A Lessee Initials N / Lessee Initials N / A Lessee Initials N/A Lessee Initials 18. TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500-000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 1,000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name ' " _ Insurance Agency Name N /A _ Agency AddreSst 1A - Agency Phone Number N/A Agent's Name N/A Policy Number N/A Deductibles: Collision $ N / A Comprehensive $ N /A 19. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED A.This Lease is scheduled to end on a data determined as follows: (1) If the date of this Lease is the 29Ih, 3011h, or This Lease contains the entire agreement between you and us relating to this lease. Any change 31at of the momh, start with the tat day of the month immedalet, blowing the date of this Lease and move forward to the Lease must be in writing and both you and we must sign h. No oral changes are binding. by the number of months in the lease tenn (Item 1911); or (2) It the date of this Lease is not the 291h, 30h, or 31st of ( , �- 5 the momh, start with the date of the Lease and more award by the number of months in the lease term (Item 19B). Lessee Signs X ( T/ .61 B. The scheduled lease term is ,Bt> months. Co -Lessee Signs X N JA NOTICE:THE OTHER SIDE OFTHIS LEASE CONTAINS IMPORTANTTERMS AND CONDITIONS. INCLUDING AN ARBITRATION PROVISION. Agreemerifto Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neutral, binding arbitration and not by a ce action. See the Arbitration Provision for additional infg[TAtion concerning the agreement to arbitrate. Lessee Signs X - - Co -Lessee Signs X Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessors Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide for a "cooling off" or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel this lease only with the agreement of the lessor or for legal cause, such as fraud. r Notice is hereby given th%Pg rights, but not the obligations, of 9Aunchase andlor sell the asset described ipths Lease have been assigned to pursuant to an agreement between and �/ (1) Do not sign this lease before you read it or if it contains any blank spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge Is Included in this lease for public liability or property damage insurance, payment for that coverage is not provided by this lease. YOU AGREETOTHETERMS OFTHIS LEASE.YOU ACKNOWLEDGE YOU HAVE EXAMINED THE VEHICLE,THATTHE VEHICLE IS EQUIPPED ASYOU WANT, ANDTHAT IT IS IN GOOD CONDRION.YOU ACCEPT THE VEHICLE FOR ALL PURPOSES OFTHE LEASE.YOU UNDERSTANOTHATYOU HAVE NO OWNERSHIP RIGHTS IN THE VEHICLE UNLESSYOU EXERCISEYOUR OPTION TO PURCHASETHE VEHICLE.YOU CONFIRM THAT BEFOREYOU SIGNEDTHIS LEASE,WE GAVE RTOYOU, ANDYOU WERE FREE TOTAKE IT AND REVIEW ITYOU ACKNOWLEDGETHATYOU READ BOTH SIDES OFTHIS LEASE, INCLUDING THE ARBITRATION PROVISION ONTHE REVERSE SIDE (ITEM 24), BEFORE SIGNING BELOWYOU CONFIRMTHATYOU RECEIVED A COMPLETELY FILLED -IN COPYWHENYOU SIGNEDTHIS LEASE. LESSEE SIGNATURES v,^. Lessee Signature { �� (_L,.< ,_ ( ;1 Date N/A Co -Lessee Signature Date Type/Print Lessee Name "'I Y U'r It r t.., a -a Type/Print Co -Lessee Name NH COMMERCIAL LESSEE SIGNATURE Commercial Lis N/ H Date ''I By Type/Print Name Type/PrintTitle LESSOR'S ACCEPTANCE The Lessors authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease. Lessor Name: M. • - - Lienholder Name: WELLSFRGO AS CTL AGT Assignee Name: ACAR Leasing Ltd. By: Type/Print Name: Type/Print Title: ILAW' FORM NO. GMF-UCL-CA (M.. W15) 02015 The Reynolds and Reynolds Company TO ORDER: wnwgmfdealemto e.com DEALER COPY THE PRIMER MAKES NOWARRANTY,EXPRESS OR IMPOEO,ASTO MMINT OR FITNESS FOR PURPOSE OFr IS FORM. OONSYLTYOUR OWX LEGAL COUNSEL 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES If any of the following occurs you will be In default under this Lease: • You do not pay any payment on its scheduled due date under this Lease; - You do not pay any other amount due under this Lease when we ask that you pay It; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; • You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehide is the subject of judicial or administrative proceedings; • You assign the Lease or transfer the Vehide without our prior written permission, or attempt to do either: • You start a bankruptcy, receivership, or insolvency proceeding or one is started against you or your property; - You do anything that endangers the Vehicle or your ability to pay your Lease obligations; • You fail to return the Vehicle when required to do so under this cease; - You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: (d) • End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts right away; • If the Vehicle has an electronic locating device, use it to find the Vehicle; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instruct any provider of such products and services to pay us any refund or credit due on early cancellation); (e) • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehicle may be to do so; • Sue you for damages or to get the Vehicle bade; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehicle to move it to a storage place. After repossessing the Vehicle, we will hold it free of any rights you may have under this Lease, subject to any right the law gives you to cure the default or recover the Vehicle. We may take and store any personal items that are in the Vehide. If you do not (1) ask for these items bade, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal property you claim was in the Vehicle when it was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and storing the Vehicle, attorney's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for ft. We may end the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a `Total Loss'); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehicle to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see (g) definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depredation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a (h) credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). It the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. In addifion to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost and (2) all depredation and amortized amounts in the base scheduled payments that have become due. Each hem 71 Base Scheduled Payment consists of • a rent charge potion; and • a portion allocable to depredation and any amortized amounts. Although the amount of your Item 71 Base (1) Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated to • rent charge; and • depreciation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depredation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rem charge potion of each Base Scheduled Payment. Under the 'Constant Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as h declines dudng the Lease term. At any given time during the Lease term, the 'Balance Subject to Rent Charge" is the difference between the hem 7C Adjusted Capitalized Cost and the sum of: (i) all depredation and amortized amounts accrued during the previous perods, and (ii) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge 0) calculations are based on the assumption that we will receive your scheduled payments on their exact due dates and that the Lease goes to its full term. Single Payment Leese. The Adjusted Lease Balance at the beginning of the Lease equals: (i) The Item 7C Adjusted Capitalized Cost; minus (ii) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by (k) the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the "Constant Yield Method' the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time during the Lease term, the 'Balance Subject to Rent Charge' equals: (1) (i) the Item 7C Adjusted Capitalized Cost; minus (if) the Item 71 Base Scheduled Payment; plus (in) all rent charges accrued during previous periods. The rent charge calculations are based on the assumption that the Lease goes to its full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal right (see below), the Fair Market Wholesale Value of the Vehicle is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, - under all other circumstances, the higher of (1) the price we receive for the Vehide at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused (in) Base Scheduled Payment equals: (i) the Item 71 Base Scheduled Payment; divided by (if) the number of months in the Lease Term (Item 198); fimes (iii) the number of full months remaining after the date of the early termination unlit the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehicle at termination, you may get a professional appraisal of the (n) Vehicle's fair market wholesale value. If you do so within a reasonable fime, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. (0) 23. OTHER TERMS AND CONDITIONS (P) (a) Insurance. For the duration of the Lease term, and until you return the Vehicle, you agree to maintain the amounts and types of primary insurance as indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your insurer does not pay a claim for any reason, it will mean that you have not maintained the required insurance. You will pay for any loss we incur because you do rot maintain required insurance or because the insurer does not pay a claim. If you fail to obtain and maintain the required insurance, we may, if we choose, buy it for you. We may add the amount we pay for this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our option, ask you to pay it right away. If we decide to buy this insurance, we may either buy insurance that covers your interest and our interest, or buy insurance that covers only our interest, unless the law requires us to buy insurance that also protects your interests. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entided to the money. It the Lease ends in connection with our receipt of the money, we will treat any of the money we do not use to repair the Vehicle as part of the price we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehicle. If the Vehicle is a Total Loss (as described in the second paragraph of Item 22, Early Termination Liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. If you and we do not agree to continue this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 Early Termination Liability, and you will only owe the amounts described in the following paragraphs of this Item 23(b). But if: (a) the Vehicle was forfeited or confiscated under governmental authority, or (b) the Total Loss arose from your fraud, intentional wrongful act or omission, gross negligence, or other failure to use the Vehicle in compliance with this Lease (see Item 23(i)), then you will still owe the Item 22 Early Termination Liability. It we receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), then: Monthly Payment Lease. We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the Adjusted Lease Balance (see Item 22) to compute a net lease balance (the 'Net Lease Balance'). If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount if any, by which your insurance deductible exceeds $1,000 for the insurance setlemem we receive. If the insurance settlement we receive is more than the Net Lease Balance. you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the "Net Lease Balance7. If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. If the Net Lease Balance is more than the insurance settlement we receive, you Oil owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), you will owe us: (i) the Actual Cash Value of the Vehicle (see definition below); minus (i) any part of your insurance deductible that you pay us; minus (iii) any settlement we receive from your insurance company; minus (v) any amount we receive for selling the Vehicle as salvage; plus (v) if the Vehicle is returned to us. the Item 4A Disposition Fee unless this fee is waived under Item 23(t). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (i) the retail value of the Vehicle on the date of the Total Loss, as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (4) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehicle on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. (c) Standards for Weer and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected to result from ordinary use of the Vehide, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23(i)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do rat have to make the repairs.) Repairs, including fires, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair or replace: • painting or lettering the Vehicle or modifying its VIN; - accessories, equipment, 24. ARBITRATION PROVISION (q) (r) (a) (t) (u) (v) (w) or Pa,.. . remote entry cemcesr w,,..,,,..... I... _ 1...,_._ cracks, plugs, finting, staining, corrosion or damage to the glass, palm, body, bumpers, suspension, engine, powertrain, frame, wheels, floor coverings, seats or any other part of the interior; • mechanical or electrical malfunction, upholstery, interior or trunkliner damage, stains or tears, dented trim or molding, or damage from water, sand, or freezing; • inoperable lights; • tires that have sidawall plugs, gouges, cuts or exposed cords or are not part of a matching set of five fires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more tires with less than 1/8 inch of tread remaining at the shallowest point; - any condition that renders the Vehicle unsafe, incapable of passing any required inspection or makes the Vehicle ran noisy, rough or unsafely; and • any other wear beyond normal wear. You will not owe a charge for excess mileage or excess wear if you purchase the Vehicle. Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the security deposit to any amounts you owe under this Lease, or, if you exercise your purchase option, to the price of the Vehicle. Arty unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. Option to Purchase Vehicle. You have the option to buy the Vehicle at any time from a party designated by us. If you do, you agree to reregister and re -title the Vehicle in your name no later than 30 days from the time you purchase it. If you fail to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement. If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you realm it within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Told Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (hem 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease End (Item 19), you will also pay us the total of the following amounts: • the Item 4A Disposition Fee unless this fee is waived under Item 23(t); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8; • an excess wear charge (Item 23(c)); • the Additional Amounts Due (see hem 23(s)). We will apply the Additional Credits to the amount you owe (see Item 23(s)). Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement fires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehicle. We may but are not required to Provide you with a replacement vehicle for any reason. You will maintain and keep in the Vehide a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking fickets, tolls and traffic fines relating to the Vehicle. If you do not ppay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. We may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us if we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehicle, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as part of your scheduled payment. We may change your scheduled payment If taxes change. If you don't pay a fine, penalty, toll or parking ticket and we elect to pay it you will reimburse us for the amount paid plus the Item 15 Administrative Fee. Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: - Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturers towing recommendations, or for hire; • Without our prior written consent, after or install equipment that makes the Vehicle unsafe or unlawful to operate; - Use the Vehicle in a manner that your insurance policy prohibits or in away that produces unusually high depredation; • Allow unlicensed drivers to drive the Vehicle; - Use the Vehicle for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; - Take the Vehicle out of the United States without our written consent except for trips to Canada that do not exceed 30 days; • Change the Vehicle without our written consent. You will not let anyone else do any of these things. Indemnification. We are not responsible for any Injuries, damages, expenses or claims, including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to Indemnity and hold us (and our assignees, successors, agents, and insurers) harmless for all such Injuries, damages, expenses and claims. Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. Your Odometer Obligations. You will maintain the odometer of the Vehicle so thatlt allays reflects the Vehicle's actual mileage. If the odometer is at any time inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer codification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or imprisoned if you do not complete the disclosure or if you make a false statement. Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible tax consequences under this Lease. Inspection. Upon reasonable notice to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. Giving Notice. Nofices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail. addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, in which case you agree that the state -required period is reasonable. Notice and Agreement Regarding E-Mails and Calls/Text Messages to Wireless Telephones: You agree, in order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, Including land -line, wireless, cellular, or VoiPfinternet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may include using pre-recorded/artificial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may assign, transfer, or wit your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: - Any official fees and saxes related to the termination. - Any other amounts due under this Lease including any unpaid late charges or other amounts due because you failed to meet your obligations under this Lease. h this Lease ends eary, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credits, you will owe us the difference. If the sum of the credits exceeds the amounts you owe. we will refund the difference to you. Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Motors vehicle when this Lease ends. Limited Power of Attorney. If there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any file or registration or on any check or draft we receive for that Vehicle damage or loss. Payoff Agreement. Original lessor relied on information from you and/or the lienhokfer or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the 'Nor Credit or Lease Balance.' Original lessor agrees to pay the payoff amount shown in hem 12B to the lienhokler or lessor of the tradein vehicle, or its designee. If the actual payoff amount is more than the amount shown in hem 12B, you must pay the original lessor the excess on demand. If the actual payoff amount is less than the amount shown in hem 12B, original lessor will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in hem 12B, or any refund due from the original lessor. General. It any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal wilt not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease is our enfire agreement. We have made no promises to you not contained in this Lease. If any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Leese. (x) Address Waiver. You waive the provisions of California Vehicle Code Section 1808.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to verify your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an Incomplete application or from Incorrect Information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonapproval results from an incomplete information provided by you, or (2) for any other reason it original lessor is unable to assign the Lease to any one of the financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice (or in any other manner in which actual notice is given to you) within 10 days of the date this Lease is signed if odginal lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to odginal lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by odginal lessor, including any trade-in vehicle. If you do not immediately return the Vehicle, you will be liable or all expenses incurred by original lessor in taking the Vehicle from you, inducing reasonable attorney's fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be in full force and you assume all risk of loss or damage to the Vehicle. You must pay all reasonable costs of repair of any damage to the Vehicle, until the Vehicle is returned to original lessor. ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract tort, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the arbitrability of the calm or dispute), between you and us or our employees, agents, successors or assigns, which arises out of or relates to your credit application, lease or condition of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parfies who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a court action. If federal law provides that a claim or dispute is not subjectto binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and not as a dam action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association, fiyimedr.ora), or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting its website. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the adtihaor or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do riot specify how fees must be allocated, we will pay the filing, administration, service or case management fee and the arblrator or hearing fee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed in whole or in part by decision of the arbitrator if the arbitrator finds that any of your claims is ovolous under applicable law. Each party shall be responsible for its own attorney, expert and other fees, unless awarded by the arbitrator under applicable law. If the chosen arbitration organization's rules cen8ict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. You and we retain the right to seek remedies in small claims court or disputes or claims within that courts jurisdiction, unless such action is transferred, removed or appealed to a different court. Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by fling an action to recover the Vehicle, to recover amounts you owe under this Lease, or for Individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrators award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. If any part of this Arbitration Provision, other than waivers of class action rights, is deemed or found to be unenforceable or any reason, the remainder shall remain enforceable. If a waiver of class action rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT .Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee") for the assignment of leases by Lessor to Assignee from time to time, Lessor hereby assigns all right, title and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to tolled and discharge all obligations, any guaranty and this assignment. Form No. GMF-UCL-CA 8115 LEASE AGREEMENT CHEvrmLET Lease Date: (WITH ARBITRATION PROVISION) Lessor Name and Business Address Lessee Name and Address Co -Lessee Name and Address N.K. SMTTH CHFVROI.ET CTT'Y OF AZUSA N/A 1.2845 Ceni-ral Ave 21.:3 FAST FOOTHILL BL.Vn N/A China, CA 9.17.1.0 AZLISA, CA 91702 N/A County: LOS ANGFFLF-S County: N/A Lessee Billing Address if different than above Vehicle Gara inq Address if different than above Principal Driver: County: (if business use) In this Lease, "you" and "your" mean the lessee and co -lessee. "Wis: "us" and 'bur' mean the lessor, and any assignee of this Lease.The terms, conditions, and disclosures in this Lease govern your Lease with us. Each of you who signs the Lease is jointly and severally liable to us for all Lease obligations. You are leasing the Vehicle described below (the "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease, "a" means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase option. Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 3B, your lease is a single payment lease. 1. The Vehicle New/Used I Year Make Model I Body Style Vehicle ID # I Odometer I Primary Use Personal, unless otherwise -1 03.9 C.HFVROL.FT BOLT FV OR WGN LT 1G1FY6S09K412401fXD .t0 indicated below ❑ business ❑ agricultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 31000 4. Other Charges (not part of your scheduled S. Total of Payments Lease Signing or Aao , fu�tlrVpnthly payment of $ is due payment) (The amount you will Delivery 'Js , on .fo(ywe, by monthly have paid by the end payments of $ , due on the � � Disposition fee e ayound do not puA.rchase purchase the Vehicle and we do 395.00 of the Lease) (Itemized in Item 6) of each month. N/A not fpVhe fee under Item 23(t)) $ ..MIA B. Your r�l�payment of $_ is due on B. N/A $ N/A- 1P,229 00 C. $ $ (2 + 3C + 4D - 6A3 - 6A4 - ri,034.1,70 C.a ,aT l Prof your Scheduled Payments is 395 00 $ $ D. Total $ 6A5) 6. Itemization of Amount Due at Lease Signing or Delivery A. Amount Due at Lease Signing or Delivery: I"7.3 B. How the Amount Due at Lease Signing or Delivery will be paid: "GAG. 1. Capitalized cost reduction $ �Jo 4 IN //I 2. Taxes on capitalized cost reduction $ 1. Net trade-in allowance $ 3. First monthly payment $ 14 !A 4,634.00 4. Single scheduled payment $ N/A 2. Rebates and noncash credits $ 5. Refundable security deposit $ N/A- 6. Lease acquisition fee $ R. 75- 3. Amount to be paid in cash $ 7. Vehicle license fees $N1A_ N/A N/A 8. Registration, transfer, and titling fees $ . 8.-08__ 4. Other $ 9. Sales/use tax $ 6,634.00 10. Document processing charge (not a governmental fee) $ 200 5. Total $ 11. Electronic vehicle regishadon or transfer charge (nor a governmental fee)$ NiA__ California tireNfa� $$ N/A / 12. 14. $ -_r_b� 15. Total $ ' 7. Your scheduled pagan is Bete mined as shown below: A. Gross capitalized cost. The agreed upon value of the Vehicle ($ ) and any items you pay over 35,054.10 the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you 5,646.73 pay that reduces the gross capitalized cost. - $ Jam. C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. _ $ 47 w D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. - $ E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through 9,814.87 normal use and for other items paid over the Lease term. _ $ V� 1 1 F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ TTJ v o G.Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ $ H. Lease payments. The number of payments in your Lease. - I. Base scheduled payment. = S J J. Sales/use tax (e). + S I _ice K. w / r•. + S t w L. + $ - IA_ M.Total Scheduled Payment. _ $ Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be. � r 8. Excessive Wear and Use. You may b� charged for excessive wear based on our standards for normal use and for mileage in excess of miles per year at the rate of $ 0 per mile. .19, S92 . 50 9. Purchase Option at Mof Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ plus a purchase option fee of $ . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Capitalized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34,404.10 G. Document processing charge (not a governmental fee) $ N/A - B. Agreed upon value of each accessory and item of H. Electronic vehicle registration or transfer charge (not a governmental fee) $ optional equipment we agree to add to the Vehicle after I. California tire fee $ N/A Lease signing l0wribs) N /A /�~ J. Prior Credit or Lease Balance $ t $ ry Optional Prod jst and Services: N/A / $ �Ti K. $ - NIA %ram $ L. r+ $ �%ii N r IN / t $ � C. Vehicle license fees $ -i7-f 1i i i A D. Registration, transfer, and titling fees $ O. $ r t E. Lease acquisition fee $Ni P. / $ S F. Sales/use tax $ Q. Total Gross Capitalized Cost: $ 12. The Trade -In Vehicle Year r M A. Agreed Upon Value of Trade -In $ Make N/A B. Prior Credit or Lease Balance - $ Model F • rl C. Net Trade -In Allowance (If less than 0 then enter 0) _ $ N / A IF YOU DO NOT MEETYOUR OBLIGATIONS UNDER THIS LEASE WE MAY RETAKETHE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your Lease whether included in your scheduled payments or assessed otherwise: $ 1 ' 8' b5(a). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5 % of the unpaid portion of the late payment You will.not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ d'r74J for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a $ Administrative Fee per incident, if the law allows it. 16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless this box is checked: ❑ ❑ If this box is checfkkeq,Athe Vehicle is subject to the following express warranties: Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease.THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturers standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By initialing below, you indicate that you want to buy the optional products and services indicated. If the cost shown below is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Optional Product or Service Coverage Price Name of Provider Approval Lessee Initials Lessee Initials iN /ti Lessee Initials iN//, Lessee Initials - 18. TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500,000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 1,000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name'' Insurance Agency Name N/A Agency Address(N/y. Agency Phone Number N/A . Agent's Name N/A Policy Number N/A Deductibles: Collision $ 'v / A Comprehensive $ N/A 19. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED s Leas scheduled to end on date determined as follows: (1) If the date of this Leese is the 291h, 301h, or This Lease contains the entire agreement between you and us relating to thiafLease. Any change f ih onlh, start wth thetd day of the month immediately following the date of this lease and move forward to the Lease must be in writing and both you and we must sign it. No oral changes are binding. ber d months in the lease term Qtem 19B); or (2) If the date of this Lease is not the 291h, 300, or 31d of r Ihe nth, start with the date of this Lease and move forward by the number of months in the lease term (Item 19B).Lessee Signs scheduled lease term is 36 months. Co -Lessee Signs X N /A NOTICE:THE OTHER SIDE OFTHIS LEASE. CONTAINS IMPORTANTTERMS AND CONDITIONS, INCLUDING AN ARBITRATION PROVISION. Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neutral, binding arbitration and not by a court action. See the Arbitration Provision for additional inf"ion concerning the agreement to arbitrate. Lessee Signs X. - Co -Lessee Signs X Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessors Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide for a"cooling off' or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle P may cancel this lease. only with the agreement of the lessor or for legal cause, such as fraud. Notice is hereby given thaW1/Vrtghts, but not the obligations, of Apprchase and/or sell the asset described t 0ii Lease have been assigned to pursuant to an agreement between and (1) Do not sign this lease before you read it or if it contains any blank spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge is included in this lease for public liability or property damage insurance, payment for that coverage is not provided by this lease. YOU AGREETOTHETERMS OFTHIS LEASE.YOU ACKNOWLEDGEYOU HAVE EXAMINED THE VEHICLE,THATTHE VEHICLE IS EQUIPPED ASYOU WANT, ANDTHAT IT IS IN GOOD CONDITIONNOU ACCEPT THE VEHICLE FOR ALL PURPOSES OFTHE LEASENOU UNDERSTANDTHATYOU HAVE NO OWNERSHIP RIGHTS INTHEVEHICLE UNLESSYOU EXERCISE YOUR OPTIONTO PURCHASETHE VEHICLE.YOU CONFIRM THAT BEFORE YOU SIGNEDTHIS LEASE,WE GAVE ITTOYQU, ANDYOU WERE FREE TOTAKE IT AND REVIEW ITNOU ACKNOWLEDGETHATYOU READ BOTH SIDES OFTHIS LEASE, INCLUDING THE ARBITRATION PROVISION ONTHE REVERSE SIDE (ITEM 24), BEFORE SIGNING BELOW,YOU CONFIRMTHATYOU RECEIVED A COMPLETELY FILLED -IN COPYWHENYOU SIGNEDTHIS LEASE, LESSEE SIGNATURES -,. -`ti'V-��/ vrl;.r,..; NIA Lessee Signature _ _ _ b" Date CO -Lessee Signature _ Date Type/Print Lessee IN Type/Print Co -Lessee Name - COMMERCIAL LESSEE SIGNATURE , Commercial Less Date By Type/Print Name Type/Print Title ( The Lessor's authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease. Lessor Name: y:- Lienholder Name: WELLSFRGO AS CTL AGT Type/Print '\ Assignee Name: ACAR Leasing Ltd. Type/Print \ TAW°FORM NO. GMF• U-1, In-wt51 TO ORDER wwwgmtoeaierytcUoconn © 2015 The Reynolds and Reynolds Company THE PRINTER MAKES No WAFFAMC EXPRESS OR 1MPL1EO, A5TO CONTENT OR FITNESS FOR PURPOSE OFiHIS FUNM. CO LEGAL COUNSEL. DEAL:ERCOPY 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES If any of the following occurs you will be In default under this Lease: • You do not pay any payment on its scheduled due date under this Lease; • You do not pay any other amount due under this Lease when we ask that you pay it; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; • You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehide is the subject of judicial or administrative proceedings; • You assign the Lease or transfer the Vehide without our prior written permission or attempt to do either • You start a bankruptcy, receivership, or insolvency proceeding or one is started against you or your property; • You do anything that endangers the Vehide or your ability to pay your Lease obligations; • You fail to return the Vehicle when required to do so under this Lease; • You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: • End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to prated our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts right away; • If the Vehicle has an electronic locating device, use it to find the Vehide; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instruct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehide may be to do so; • Sue you for damages or to get the Vehide back; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehide to move it to a storage place. Alter repossessing the Vehicle, we will hold it free of any rights you may have under this Lease, subject to any fight the law gives you to cure the default or recover the Vehide. We may take and store any personal items that are in the Vehide. It you do not ask for these items bads, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal property you claim was in the Vehicle when it was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and storing the Vehicle, attorney's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for ft. We may end the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a "Total Loss); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehide to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, lt any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesa�e Value (see definition below) at termination. It this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Rem 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item B. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depredation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). It the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(d); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown In Item 8. In addition to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depredation and amortized amounts in the base scheduled payments that have become due. Each Item 71 Base Scheduled Payment consists of • a rent charge portion; and • a porfion allocable to depredation and any amortized amounts. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated to • rent charge; and • depreciation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depredation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment Under the "Constant Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the constant rate implicit In this Lease times the Balance Subject to Rent Charge as ft declines during the Lease ten. At any given time during the Lease term, the "Balance Subject to Rent Charge" is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: (i) all depredation and amortized amounts accrued during the previous periods, and (ii) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge calculations are based on the assumption that we will receive your scheduled payments on their exact due dates and that the Lease goes to its full term. Single Pa ment Leese. The Adjusted Lease Balance at the beginning of the Lease equals (7 The Item 7C Adjusted Capitalized Cost; minus "'the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the "Constant Yield Method° the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time during the Lease term, the . Balance Subject to Rent Charge" equals: (1) the Item 7C Adjusted Capitalized Cost; minus fill) the Item 71 Base Scheduled Payment; plus (nil) all rent charges accrued during previous periods. The rent charge calculations are based on the assumption that the Lease goes to its full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal right (see below), the Fair Market Wholesale Value of the Vehicle is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: (i) the gem 71 Base Scheduled Payment; divided by (it) the number of months in the Lease Term (Item 19B); times (iii) the number of full months remaining after the date of the early termination until the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability lakes into account the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's fair market wholesale value. If you do so within a reasonable time, we 411 use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) Insurance. For the duration of the Lease term, and until you return the Vehicle, you agree to maintain the amounts and types of primary insurance as indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your Insurer does not pay a claim for any reason, ft will mean that you have not maintained the required insurance. You will pay for any loss we incur because you do not maintain required insurance or because the insurer does not pay a claim. If you fail to obtain and maintain the required insurance, we may, if we choose, buy ft for you. We may add the amount we pay for this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our option, ask you to pay it right away. If we decide to buy this insurance, we may either buy insurance that covers your interest and our interest, or buy insurance that covers only our interest unless the law requires us to buy insurance that also proteds your interests. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entifled to the money. If the Lease ends in connection with our receipt of the money, we will treat any of the money we do not use to repair the Vehicle as part of the price we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehicle. if the Vehicle is a Total Loss (as described in the second paragraph of Item 22, Early Termination Liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. If you and we do not agree to continue this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 Early Termination Liability, and you will only owe the amounts described in the following paragraphs of this item 23(b). But If: (a) the Vehicle was forfeited or confiscated under governmental authority, or (b) the Total Loss arose from your fraud, intentional wrongful act or omission, gross negligence, or other failure to use the Vehicle in compliance with this Lease (see Item 23(i)), then you will stiff owe the Item 22 Early Termination Liability. It we receive a settlement under an insurance policy that complies with the requirements of this Lease (see items 18 and 23(a)), then: Monthly Payment Lease. We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the Adjusted Lease Balance (see Item 22) to compute a net lease balance (the "Net Lease Balancal. If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If the insurance settlement we receive is more than the Net Lease Balance. you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the 'Net Lease Balance"), If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), you will owe us: (i) the Actual Cash Value of the Vehicle (see definition below); minus (ii) any part of your insurance deductible that you pay us; minus fill) any settlement we receive from your insurance company; minus (iv) any amount we receive for selling the Vehide as salvage; plus (v) if the Vehicle is returned to us, the Item 4A Disposition Fee unless this fee is waived under Item 23(t). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (i) the retail value of the Vehicle on the date of the Total Loss. as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (R) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehide on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. (c) Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected to result from ordinary use of the Vehide, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23(i)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do not have to make the repairs.) Repairs, including tires, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair or replace: • painfing or lettering the Vehide or modifying its VIN; • accessories, equipment. 24. ARBITRATION PROVISION or parts that have been added, removed, damaged or modified (including missing keys or remote entry devices) without our prior written permission; • road damage, chips, scratches, cracks, plugs, tinting, staining, corrosion or damage to the glass, paint, body, bumpers, suspension, engine, powertram, frame, wheels, floor coverings, seats or any other part of the interior; • mechanical or elechical-malfunchon, upholstery, Interior of trunkliner damage, stains or tears, dented trim or molding, or damage from water, sand, or freezing; • inoperable lights; • tires that have sidewall plugs, gouges, cuts or exposed cords or are not part of a matching set of five tires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more tires with less than 1/81nch of tread remaining at the shallowest point: • any condition that renders the Vehide unsafe, incapable of passing any required inspection or makes the Vehicle run noisy, mugh or unsafely; and • any other wear beyond normal wear. You will not owe a charge for excess mileage or excess wear if you purchase the Vehide. - (d) Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the security deposit to any amounts you owe under this Lease, or, if you exercise your purchase option, to the price of the Vehide. Any unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. (a) Option to Purchase Vehicle. You have the option to buy the Vehide at any time from a party designated by us. If you do, you agree to re -register and re-tifle the Vehicle in your name no later than 30 days from the time you purchase it ft you fall to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) Plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). (f) Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement. If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return it within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (Item 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease End (Item 19), you will also pay us the total of the following amounts: • the Item 4A Disposition Fee unless this fee is waived under Item 23R); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8; • an excess wear charge (Item 23(c)); • the Additional Amounts Due (see Item 23(s)). We will apply the Additional Credits to the amount you owe (see Item 23(s)). (g) Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement fires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehide. We may but are not required to provide you with a replacement vehicle for any reason. You will maintain and keep in the Vehide a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. (h) Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking tickets, tolls and traffic fines relating to the Vehicle. If you do not pay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. We may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us if we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehide, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as part of your scheduled payment. We may change your scheduled payment if taxes change. If you don't pay a fine, penalty, toll or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus the Item 15 Administrative Fee. (1) Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; • Without our prior written consent, alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibits or in a way that produces unusually high depreciation; • Allow unlicensed drivers to drive the Vehicle; • Use the Vehide for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; • Take the Vehicle out of the United States without our written consent except for trips to Canada that do not exceed 30 days; • Change the Vehicle without our written consent. You will riot let anyone else do any of these things. Q) Indemnification. We are not responsible for any Injuries, damages, expenses or claims, Including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to indemnity and hold us (and our assignees, successors, agents, and Insurers) harmless for all such injuries, damages, expenses and claims. (k) Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to Insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. (1) Your Odometer Obligallons. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. If the odometer is at any time Inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer certification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or imprisoned N you do not complete the disclosure or If you make a false statement. (m) Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. (n) Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible tax consequences under this Lease. (o) Inspection. Upon reasonable notice to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. (p) Waiver. We may delay or retrain from enforcing any of our rights under this Lease without losing them. (q) Giving Notice. Notices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, In which case you agree that the state -required period is reasonable. (r) Notice and Agreement Regarding E-Malls and Calls/Text Messages to Wireless Telephones: You agree, in order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or VoiPlinternet telephone numbers, which could result in charges to you. We may also contact you at any email address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may include using prerecorded/artificial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may assign, transfer, or sell your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. (a) Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: • Any official fees and lazes related to the termination. • Any other amounts due under this Lease induding any unpaid late charges or other amounts due because you failed to meet your obligations under this Lease. If this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credits, you will owe us the difference. If the sum of the credits exceeds the amounts you owe, we will refund the difference to you. (t) Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Motors vehicle when this Lease ends. (u) Limited Power of Attorney. If there is any damage or loss to the Vehide, you agree that we or our agent may settle any insurance claim or sign your name on any tifle or registration or on any check or draft we receive for that Vehicle damage or loss. (v) Payoff Agreement Original lessor relied on information from you and/or the lienholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the "Prior Credit or Lease Balance." Original lessor agrees to pay the payoff amount shown in Item 12B to the Ilenholder or lessor of the trade-in vehicle, or its designee. If the actual payoff amount is more than the amount shown in Item 12B, you must pay the original lessor the excess on demand. If the actual payoff amount is less than the amount shown in Item 12B, original lessor will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 128, or any refund due from the original lessor. (w) General. If any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This lease is our entire agreement. We have made no promises to you not contained in this Lease. It any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Lease. (x) Address Waiver. You waive the provisions of California Vehicle Code Section 1808.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to verify your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an incomplete application or from Incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonapproval results from an incomplete information provided by you, or (2) for any other reason if original lessor is unable to assign the Lease to any one of the financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice (or in any other manner in which actual notice is given to you) within 10 days of the date this Lease is signed if original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to original lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by original lessor, including any trade-in vehicle. If you do not immediately return the Vehicle, you will be liable for all expenses incurred by original lessor in taking the Vehide from you, including reasonable attorney's fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be in full force and you assume all risk of loss or damage to the Vehicle. You must pay all reasonable costs of repair of any damage to the Vehide, until the Vehide is returned to original lessor. ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN INA LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract, tort, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the arbftrability of the claim or dispute), between you and us or our employees, agents, successors or assigns, which arises out of or relates to your credit application, lease or condition of this Vehide, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a court action. If federal iaw provides that a claim or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and not as a class action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association, (www.adr org), or any other organization to conduct the arbitration subject to our approval. You may get a copy of the miss of an arbitration organization by contacting the organization or visiting its webstle. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substanfive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the arbitrator or hearing fee In accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not specify how fees must be allocated, we will pay the filing, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed In whole or in pad by decision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for its own attorney, expert and other fees, unless awarded by the arbitrator under applicable law. It the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. You and we retain the right to seek remedies in small claims court for disputes or claims within that court's jurisdiction, unless such action is transferred, removed or appealed to a different court. Neither you not we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehide, to recover amounts you owe under this Lease, or for individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrators award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. If any part of this Arbitration Provision, other than waivers of class action rights. is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class action rights is deemed or found to be unenforceable for any reason in a case in which dass action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee') for the assignment of leases by Lessor to Assignee from time to fime, Lessor hereby assigns all fight, titre and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to collect and discharge all obligations, any guaranty and this assignment. Form No. GMF-UCL•OA 8/15 LEASE AGREEMENT EHEVROL.E-r 7 CtAfITW ARRITRATION PROVISION) Lease Date: Lessor Name and Business Address """.•"-'•""-_--- -- Lessee Name and Address Co -Lessee Name and Address hIJ1. SMITH CHEVROLET .1"Y OF AZUSA N/A 12845 Central. Ave 1i.; FAST FOOTHILL BLVO N/A Chinn, CA 9.171.0 AZUSA, CA 91702 N/A County: I OS ANGF.LES County: N/A Lessee Billing Address if different than above Vehicle Gara in Address if different than above Principal Driver: County: (if business use) d ' nee of this Lease The terms conditions and disclosures in this In this Lease, "you" an. cut' mean the lessee and or lessee. "We, us and our mean the lessor, an any assn9 Lease govern your Lease with us. Each of you who signs the Lease is jointly and severa1W liable to us for all Lease obligations. You are leasing the Vehicle described below (the "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease, "a" means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase option. Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Sinale Payment Lease: If your payment schedule shows a single scheduled payment in Item 38, your lease is a single payment lease. NEW I019 ICHEVROLE-r IiROLT FV ISOR WGN LT I1G1FY'6S02K4124200 1 10 ) ❑business ❑agdcultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 4120 -� 4. Other Charges (not part of your scheduled payment) 5.Total of Payments (The amount you will Lease Signing or 9 9 Delivery A. Your first monthly payment of $ is due /23, 1.9 .3 have paid by the end o�4 followed by monthly �320.00 23 the A. Disposition foe (If you do not of the Lease) payments of $ , due on purchase the Vehicle and we do 395 00 (Itemized in Item 6) of each month. , not waive the fee under Item 23(t)) $ N/A Pl/A B.Your sin gIspayment of$ N/A is due on N A B. $ N/A $ N/A $ 18,229.021 C C. The Total of `your Scheduled Payments is :1.9 5-210 (2 + 3C + 4D - 6A3 - 6A4 - 6A5) $ li, 634.00 $ IA ,520.('A D. Total $ 6. Itemization of Amount Due at Lease Signing or Delivery A. Amount Due at Lease Signing or Delivery: B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ 5, 546.73 N/A 536.44 2. Taxes on capitalized cost reduction $ 1. Net trade-in allowance $ 3. First month) payment $ a20.V/V/ y p y N/A $ 4, u34.00 4. Single scheduled payment $ 2. Rebates and noncash credits 5. Refundable security deposit $ N/A N/A 2 , 000.00 $ 6. Lease acquisition fee $ 3. Amount to be paid in cash 7. Vehicle license fees $ 8.75 N/A N/A N/A $ 8. Registration, transfer, and titling fees $ 4. Other 9. Sales/usetax $. 8.08 6,634.00 10. Document processing charge (not a governmental fee) $ SF' • 00 5. Total - $ 11. Becionicvehicleregistrationorharder charge (not agovernmental fee)$ 29.00 12. California tire fee $ N/A N/A 13. N/A $ 14. N/A $ N/A 15. Total $ 6,634.00 7. Your scheduled payment is determined as shown below: A. Gross capitalized cost. The agreed upon value of the Vehicle ($ 34 , 404.10 ) and any items you pay over 35,054. 1.0 the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you 5,646.73 pay that reduces the gross capitalized cost. - $ - $ 29,407.37 C. Adjusted capitalized cost The amount used in calculating your base scheduled payment. - $ 19 P 697.50 D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through 9,814.87 normal use and for other items paid over the Lease term. _ $ 705.6 F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ 1.0, 520. Ci 4 G. Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ $ 4 36 H. Lease payments. The number of payments in your Lease. _ 292. 24 1. Base scheduled payment. - _ $ -, + $ ? 7 .76 J. Salestuse tax (a). ? t # + $ N/A K. N/A N/A + $ N/A L. _ $;7w 00 M.Total Scheduled Payment. Early Termination. You may have to pay a substantial charge If you end this Lease early. The charge maybe up to several thousand dollars. The actual charge will de end on when the Lease is terminated. The earlier ou end the Lease, the reater this char a is like) to be. 8. Excessive Wear and Use. You maybe charged for excessive wear based on our standards for normal use and for mileage in excess of 10, LnKr miles per year at the rate of $ 0. 25 per mile. 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ 19 , S92 . 50plus a purchase option fee of $ M/A . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of Gross Centralized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34 404.1.0 G. Document processing charge (not a governmental fee) $ N/A B. Agreed upon value of each accessory and item of H. Electronic vehide registration or transfer charge (not a governmental fee) $ N / A optional equipment we agree to add to the Vehicle after I. California lire fee $ N /It Lease signing (describe) J. Prior Credit or Lease Balance $ N /It N/A $ N%A Optional Products and Services: N/A $ N/A K. N/A $ N/A L. hi/A $ N/A N/A $ N/A N/A $ N/A M. iJ/A $ N/A C. Vehicle license fees $ N/r} N. N/A $ N/A D.Registration, transfer, and titling fees $ N/A O N/A $ N/(A E. Lease acquisition fee $ 650.0V.1 P. N/A $ N/A F. Sales/use tax $ I /A O. Total Gross Capitalized Cost: $ 35 , 054. 10 12. The Trade -In Vehicle Year N/A A. Agreed Upon Value of Trade -In $ N/A Make N /A B. Prior Credit or Lease Balance - $ N/A I Model N / A C. Net Trade -In Allowance (If less than 0 then enter 0) = $ N / A IFYOU DO NOT MEETYOUR OBLIGATIONS UNDERTHIS LEASE WE MAY RETAKETHE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your Lease, whether included in your scheduled payments or assessed otherwise: $ I , 658 . h: (e). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5 % of the unpaid portion of the late payment You will not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0.00 for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we steel to pay it, you will reimburse us for the amount paid plus a $ 25.00 Administrative Fee per incident, if the law allows it. 16. Warranties. The Vehicle is subject to the manufacturers standard warranty, unless this box is checked: ❑ ❑ If this box is checked, the Vehicle is subject to the following express warranties: Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturers standard warranty, If we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By initialing below, you Indicate that you want to buy the optional products and services Indicated. If the cost shown below is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Optional Product or Service Coverage Price Name of Provider Approval N / A Lessee Initials N / P. Lessee Initials , N /A Lessee Initials N/A Lessee Initials 18.TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50.000 / $ 500,000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 11000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name N (A Insurance Agency Name N JA Agency Addresdy/A Agency Phone Number N /A Agent's Name N.JA Policy Number N/A Deductibles: Collision $ N/A Comprehensive $ N/A 19. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED A. This Lease is scheduled to and on a date deleonined as follows: (1) If he date of this Lease a the 29h, 301h, or This Lease contains the entire agreement between you and us relating to this Lease. Any change 31st of the mmh, start wit the 1st day of the month immediaely following the date of this Lease brward and move to the Lease must be irywrNng and both yo" number of Ind we must sign it. No changes are binding. term (Item e If the date of this Lem is not of 31st t 291hfarm � the month, willthedatths in e of Nis - ) il_' start ease and movforward by he number of months in hlease (Item 19B) Lessee Signs X r' 1- t B. The scheduled lease term is months. Co -Lessee Si ns X NOTCF TNr nruco nnr nr rum . --^--^•••�•••�....-......�.��w„✓„rvn�, mYLLIVNVV MIY MnO1M1nM11VIV YMUVRIVIV. Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neutral, binding arbitration and not by a court action. See the Arbitration Provision for additional inf%M1 ion concerningthe a reement to Lessee Signs X _ I'' L,-'r., t rJJ AA 9 arbitrate. Co -Lessee Signs X Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessors Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide for a "cooling off" or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehichil may cancel this lease only with the agreement of the lessor or for legal cause, such as fraud. Notice is hereby given 1hatNNthq fights, but not the obligations, of H to rchase and/or sell the asset described in th* Lease have been assigned to /A N / { pursuant to an agreement between and , (1) Do not sign this lease before you read it or if it contains any to k spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge is Included in this lease for public Ilability or property damage Insurance, for payment that coverage is not provided by this lease. YOU AGREE TOTHE TERMS OFTHIS LEASE. YOU ACKNOWLEDGEYOU HAVE EXAMINEDTHE VEHICLE,THATTHE VEHICLE IS EQUIPPED ASYOU WANT, ANDTHAT IT IS IN GOOD CONDITION,YOU ACCEPT THEVEHICLE FOR ALL PURPOSES OFTHE LEASE,YOU UNDERSTANDTHATYOU HAVE NO OWNERSHIP RIGHTS INTHEVEHICLE UNLESSYOU EXERCISEYOUR OPTIONTO PURCHASETHEVEHICLE.YOU CONFIRM THAT BEFOREYOU SIGNEDTHIS LEASE,WE GAVE ITTOYOU, ANDYOU WERE FREE TOTAKE IT AND REVIEW ITYOU ACKNOWLEDGETHATYOU READ BOTH SIDES OFTHIS LEASE, INCLUDING THE ARBITRATION PROVISION ONTHE REVERSE SIDE (ITEM 24), BEFORE SIGNING BELOW. YOU CONFIRM THATYOU RECEIVED A COMPLETELY FILLED -IN COPY WHEN YOU SIGNED THIS LEASE. LESSEE SIGNATURES \ t , ` l I Lessee Signature Date j 1 9 / Co -Lessee Signature N / A Date Type/Print Lessee Name f.ITVy OF AZIJSy,,l� Type/Print Co -Lessee Name N/A COMMERCIAL LESSEE SIGNATURE Commercial Lessee A �} Date N/A By Type/Print Name Type/Print Title N A LESSOR'S ACCEPTANCE The Lessor's authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease. Lessor Name: M-K. SMITH CHFVROLCI By: Lienholder Name: WELLSFRGO AS CTL AGT Type/Print Name: Assignee Name: ACAR Leasing Ltd. Type/Print Title: /LAIR/• FORM N0. GMFUCL•CA IRE W,M w ZV1b Ire Reynolds and Reynolds Company TO ORDER: www.gmideahondore.com /� THE PRINTER MAKES NO WARRANTY, EXPRESS 01 IMOLIEO, PS TO CONrEM OR FRICHIS MR PURPOSE OFT113FORl. CONSULTYOUR OWN LEGAL COUNSEL. 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SMITH CHLVkOLET CITY OF AZUSA N/A 1.2845 Cent-ral Ave 213 FAST FOOTHII 1. RI Vi) N/al China, CA 91710 AZUSA, CA 9.1702 N/A County: l.OS ANC,i'�:. County: N/A Lessee Billing Address if different than above Vehicle Gara inq Address if different than above Principal Driver: County: (if business use) In this Lease, 'you" and 'your mean the lessee and co -lessee. "We;"'us" and "our" mean the lessor, and any assignee of this Lease. The terms, conditions, and disclosures in this Lease govern your Lease with us. Each of you who signs the Lease is jointly and severally liable to us for all Lease obligations. You are leasing the Vehicle described below (the "Vehicle") from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease, "a" means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase option. Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 38, your lease is a single payment lease. 1. The Vehicle New/Used I Year Make Model I Boch, Stvie I Vehicle ID # Odometer I Primary Use Personalunless o erwise WGN I.T ,i..FY6Sv,>.r,.,::'� IGi indicated below ❑business ❑ agricultural CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 4. Other Charges (not part of your scheduled 5. Total of Payments Lease Signing or 9 9 320.00 A. Your first monthly payment of $ is due payment) (The amount you will Delivery _ monthly on 4 /' "/ i �" followed by -monthly have paid by the end 320. PY) 73 A. Disposition fee (if you do not of the Lease) (Itemized in Item 6) payments of $ , due on the purchase the Vehicle and we do 395. iIA of each month. N/A not waive the fee under Item 23(i)) $ NIA N/A B. Your sin le payment of$ is due on N�A B- $ N/A N/A $ �e C. $ (2+ 3C+ 4D- 6A3- 6A4- C. The Total of your Scheduled Payments is 5 S Ll,i,20. v")F` D. Total $ 396 -0G'r 6A5) 6. Itemization of Amount Due at Lease Slowing or Delivery A. Amount Due at Lease Signing or Delivery: B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ `1.. 73 44 N //i 536 2. Taxes on capitalized cost reduction $ •rx3o - 1. Net trade-in allowance $ 3. First monthly payment $ 320. W) N/A 4 , 63•1 . "z 4. Single scheduled payment $ 2. Rebates and noncash credits $ 5. Refundable security deposit $ i•11A 2,49pX;i.OP, 6. Lease acquisition fee $ N //1 3. Amount to be paid in cash $ 7. Vehicle license tees $ R.75 N/A N / A 8. Registration, transfer, and titling fees $ N /A 4. Other $ 9. Sales/use tax $ 8-08 6, E, 34_g0'i 10. Document processing charge (not a governmental fee) $ Br'' GO 5. Total $ 11. Sectionic vehicle registration or transfer charge (not a governmental fee)$ 79•Wi 12. California tire fee $ NIA 13. N/µ $ N/A 14. N/A $ N/A 15. Total $ 6, 634.VA,) 7. Your scheduled payment is determined as shown below: A. Gross capitalized cost. The agreed upon value of the Vehicle ($ 34 ` r, ) and any items you pay over the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). $ 35 054 . 10 B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you _ $ `�' S46 - i .3 pay that reduces the gross capitalized cost. 2q, 407 . 37 C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. _ $ D. Residual value. The value of the Vehicle at the and of the Lease used in calculating your base scheduled payment. _ $ 1.9 ,"y 2' 50 E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through _ $ normal use and for other items paid over the Lease term. 705. 7 7 F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. + $ G.Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. _ $ 10, r.520. 64 H. Lease payments. The number of payments in your Lease. -36 I. Base scheduled payment. _ $ 27 7 n J. Sales/use tax (a). + $ - N/ii '' K. + $,. N/A L. + $ M.Total Scheduled Payment. = $ 320'00 Early Termination. You may have to pay a substantial charge if you end this Lease early.The charge may be up to several thousand dollars. The actual charge will depend on when the Lease Is terminated. The earlier you end the Lease, the greater this charge is likely to be. 8. Excessive Wear and Use. You maybe charged for excessive wear based on our standards for normal use and for mileage in excess of 10-ow miles per year at the rate of $ 0. 25 per mile. 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ 1.9. 592 - SG.lus a purchase option fee of $ N /A . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. to. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Ca italized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34, 404 . 10 G. Document processing charge (not a governmental fee) $ N/A B. Agreed upon value of each accessory and item of H. Electronic vehicle registration or transfer charge (not a governmental fee) $ N/A. optional equipment we agree to add to the Vehicle after I. California tire fee $ N/A Lease signing (describe) J. Prior Credit or Lease Balance $ NIA N/A $ N/H Optional Products and Services: N/A $ 14/A K. N/A $ N/A N/A $ N/A L. N/A $ N/A N/A $ N/A M. N/A $ N/A C. Vehicle license fees $ N/A N. N/A $ N/A D. Registration, transfer, and titling fees $ N/A O, N/A $ N/A E. Lease acquisition fee $ 650.00 P. _ N/A $ N/A F. Sales/use tax $ N /A Q. Total Gross Capitalized Cost: $ 36,054.10 12. The Trade -In Vehicle Year NIA A. Agreed Upon Value of Trade -In $ NIA Make N/A B. Prior Credit or Lease Balance - $ N/A Model NIA C. Net Trade -In Allowance (If less than 0 then enter 0) = $ N /A IF YOU DO NOT MEET YOUR OBLIGATIONS UNDER THIS LEASE WE MAY RETAKE THE VEHICLE 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your Lease, whether included in your scheduled payments or assessed otherwise: $ 1.658 ,rT `te). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or ST of the unpaid portion of the late payment You will not have to pay a late charge If the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0.00 for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a $ 25.00 Administrative Fee per incident, if the law allows it. You are not required to buy any of the following optional products and servic is shown below. If you decide you want to purchase an optional product or ser copy of the contract will be given to you as soon as practicable. By initlalir shown below is not shown as part of the, lfemization of Amount Due at 16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless this box is checked: ❑ ❑ If this box is checked, the Vehicle is subject to the following express warranties: N/A Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturer's standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. he Lease. The term of any product or service will be the Lease term, unless a different arms of the contract that describe the product or service before you initial below. A coml li fcate that you want to buy the optional products and services indicated. If the or Delivery (Item 6), It has been added to the Gross Capitalized Cost (Item 7AI. Lessee Initials N /f, Lessee Initials Lessee Initials N /A Lessee You must maintain: Bodily Injury rage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 501000 / $ 500,000 limits or combined single limit; Collision, Theft and Comprehensive Coverage with a maximum deductible of $ 1,000 . See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name N 16 Insurance Agency Name NIA Agency AddressN 1A Agency Phone Number N/A Agent's Name Deductibles: C A. This Lease Is scheduled to end on a date determined as foloye: it) If the date of this Lease is the 291h,'1 1i, or 31s1 of Ste month, start with the 1st day of the month immediately following the date of this lease and move trward by the number of months in the lease term (item 198); ar (2) If he dale of this Lease is not the 291h, 391h, or 31st of the month, start with the date of this Lease and move forward by hie number of months in the lease term (Item 19B). B. The scheduled lease term is Sri mnnfne Policy Number This Lease contains the entire agreement between you and us relating to this Lease. Any change to the Lease must begin writing and both you and we must sign it. No oral changes are binding. Lessee Signs X(j A � I r , J •• ......,.., , �mn.a �nV yV1YUi i iV1VJ mcwum� qN AR9ITRATION PROVISION. Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neutral, binding arbitration and not by a court coon. See the Arbitration Provision for additional infortT lion concerning the agreement to arbitrate. 5" Lessee Signs X �- --- Co -Lessee Signs X Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessors Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide for a "cooling off' or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply bemuse you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel this lease only with the agreement of the lessor or for legal muse, such as fraud. Notice is hereby given that the rights, but not the obligations, of to pr� chase and/or sell the asset described in �iig Lease have been assigned to N H N/ pursuant to an agreement between and / A (1) Do not sign this lease before you read it or if it contains any blank spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge is included in this lease for public liability or damage property insurance, payment for that coverage is not provided by this lease. YOU AGREE TOTHETERMS OFTH15 LEASE.YOU ACKNOWLEDGE YOU HAVE EXAMINED THE VEHICLE,THATTHE VEHICLE IS EQUIPPED ASYOU WANT, ANDTHAT IT IS IN GOOD CONDRION.YOU ACCEPT THE VEHICLE FOR ALL PURPOSES OFTHE LEASE.YOU UNDERSTAND THATYOU HAVE NO OWNERSHIP RIGHTS IN THE VEHICLE UNLESSYOU EXERCISEYOUR OPTION TO PURCHASETHEVEHICLE.YOU CONFIRMTHAT BEFORE YOU SIGNEDTHIS LEASE, WE GAVE ITTOYOU, ANOYOU WERE FREETO TAKE IT AND REVIEW 11YOU ACKNOWLEDGETHATYOU READ BOTH SIDES OF THIS LEASE, INCLUDING THE ARBITRATION PROVISION ON THE REVERSE SIDE (REM 24), BEFORE SIGNING BELOW YOU CONFIRM THATYOU RECEIVED A COMPLETELY FILLEDdN COPY WHEN YOU SIGNEDTHIS LEASE. LESSEE SIGNATURES Lessee Signature b�� LJ, c, N/A Datei4/23/I T CITY OF 7 SA Co -Lessee t Signature Date Type/Print Lessee Name Type/Print Co -Lessee Name 14/14 COMMERCIAL LESSEE SIGNATURE A Commercial Lessee e Date i ) A By Type/Print Name Type/PrintTitle N A LESSOR'S ACCEPTANCE The Lessors authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease. Lessor Name: M-' l,hi 71 H CHEVROIA-T By: Lienholder Name: WELLSFRGO AS CTL AGT Type/Print Name: Assignee Name: ACAR Leasing Ltd. Type/Print Title: /LAW FORM NO, GMF-UCL-cA,R,A,<, 02015 The Reynolds and Reyn6lds'Company TO ORDER: www.gmfdealerstore.00m THE PRIMER MAKES NOWARRAMy, FJI11E1OR IMPUEL AIM WeaENr OR FRNESS FOR PURPOSE OFTHIB FORM. CONSULTYOUR OWN LEGAL COUNSEL DEALER COPY 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES If any of the following occursYou will be In default under this L � • You do not pay any payment on its scheduled due date under this Lease; • You do not pay any other amount due under this Lease when we ask that you pay it; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; • You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehide is the subject of judicial or administrative proceedings; • You assign the Lease or transfer the Vehicle without our prior written permission or attempt to do either • You start a bankruptcy, receivership, or insolvency proceeding or one is started against you or your property;• You do anything that endangers the Vehicle or your ability to pay your Lease obligations; • You hail to return the Vehicle when required to do so under this Lease; • You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are In default, after waiting any time the law requires, we may do any of the following: • End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts right away; • If the Vehicle has an electronic locating device, use it to find the Vehicle; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instruct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehide wherever we find it and enter any property where the Vehicle may be to do so; • Sue you for damages or to get the Vehicle back; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehide to move it to a storage place. Alter repossessing the Vehide, we will hold it tree of any rights you may have under this Lease, subject to any right the law gives you to cure the default or recover the Vehide. We may take and store any personal items that are in the Vehicle. If you do not ask for these items bade, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal propany you claim was in the Vehicle when it was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and storing the Vehicle, attorney's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehide to us and paying us your early termination liability (see below) when we ask for R. We may end the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a 'Total Loss'); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehicle to the place we designate and pay us the early termination liability (see below) when we ask for ft. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which theAdlusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (hem 71) paid at lease signing prepays the depredation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). If the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. In addition to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depreciation and amortized amounts in the base scheduled payments that have become due. Each Item 71 Base Scheduled Payment consists of • a rent charge portion; and • a portion allocable to depreclation and any amortized amounts. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated to •rent charge; and •depredation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depredation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment. Under the "Consent Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the ansfam rate implicit in this Lease times the Balance Subject to Rent Charge as it declines during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge" is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: ill all depredation and amortized amounts accrued during the previous periods, and (ii) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge calculations are based on the assumption that we will receive your scheduled payments on their exact due dates and that the Lease goes to its full term. Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (i) The Item 7C Adjusted Capitalized Cost; minus CO) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rem charge for each month. Under the "Constant Yield Method' the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge' equals: (i) the Item 7C Adjusted Capitalized Cost; minus (d) the Item 71 Base Scheduled Payment; plus (if) all rent charges accrued during previous periods. The rem charge calculations are based on the assumption that the Lease goes to its full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal right (see below), the Fair Market Wholesale Value of the Vehicle is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: (i) the Item 71 Base Scheduled Payment; divided by (It) the number of months in the Lease Term (Item 19B); times (iii) the number of full months remaining after the date of the early termination unfit the Scheduled Lease End (Item I9A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's fair market wholesale value. If you do so within a reasonable time, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third parry. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) Insurance. For the duration of the Lease term, and until you return the Vehide, you agree to maintain the amounts and types of primary insurance as Indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your insurer does not pay a claim for any reason, it will mean that you Have not maintained the required insurance. You will pay for any loss we incur because you do not maintain required insurance or bemuse the insurer does not pay a claim. If you fail to obtain and maintain the required insurance, we may, if we choose, buy tt for you. We may add the amount we pay for this insurance ro your unpaid Lease obligators and charge rent on the amount added, or at our option, ask you to pay it right away. If we decide to buy this insurance, we may either buy Insurance that covers your interest and our imeresL or buy insurance that avers only our interest, unless the law requires us to buy insurance that also protects your interests. ft the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entitled to the money. If the Lease ends in connection with our receipt of the money, we will treat any of the money we do not use to repair the Vehicle as pan of the prim we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehide. If the Vehide is a Total Loss (as described in the second paragraph of Item 22, Early Termination Liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. If you and we do not agree 0 continue this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 Early Termination Liability, and you will only owe the amounts described in the following paragraphs of this Hem 23@). But it: (a) the Vehicle was forfeited or confiscated under governmental authority, or (b) the Total Loss arose from your fraud, intentional On actor omission, gross negligence, or other failure to use the Vehicle incompliance with this Lease (see Item 23(i)), then you will still owe the Item 22 Early Term rraton Liability. If we receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), then: Monthly Payment Lease. We Will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the Adjusted Lease Balance (see Item 22) to ampule a net lease balance (the "Net Lease Balance'). It the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If the insurance settlement we receive is more than the Net Lease Balance, you will receive a credit lot any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling. optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to ampule a net lease balance (the "Net Lease Bafance"i. If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. It the Net Lease Balance is more than the insurance settlement we receive. you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18 and 23(a)), you will owe us: (1) the Actual Cash Value of the Vehide (see definition below); minus (1I) any pan of your insurance deductible that you pay us; minus (iii) any settlement we receive from your insurance company; minus Qv) any amount we receive for selling the Vehicle as salvage; plus (v) if the Vehicle is returned to us, the Item 4A Disposition Fee unless this fee is waived under Item 23(t). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (i) the retail value of the Vehicle on the date of the Total Loss, as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (it) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehide on the date of the Total Loss, With no deductions tot prior damage or the condition of the Vehicle. (c) Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected to result from ordinary use of the Vehicle, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23(i)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do not have to make the repairs.) Repairs, including ties, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair or replace: • painting or lettedng the Vehide or modifying its VIN; • accessories, equipment, or pans that have been added, removed, damaged or modified (including missing keys or remote entry devices) without our prior written rmtssion; • road damage, chips, scratches, cracks, plugs, finfing, staining, corrosion or damage to the glass, paint, body, bumpers, suspension, engine, powemad, frame, wheels, floor coverings, seats or any other pan of the interior: • mechanical or electrical malfunction, upholstery, interior or trunkliner damage, stains or tears, dented trim or molding, or damage from water, sand, or freezing; • inoperable lights; • tires that have sidewall plugs, gouges, cuts or exposed cords or are not pan of a matching set of five fires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more tires with less than 118 inch of tread remaining at the shallowest point; • any condition that renders the Vehide unsafe, incapable of passing any required inspection or makes the Vehicle run noisy, rough or unsafely; and • any other wear beyond normal wear. You will not owe a charge for excess mileage or excess wear if you purchase the Vehide. (d) Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the security deposit to any amounts you owe under this Lease, or, if you exercise your purchase option, to the price of the Vehide. Any unused security deposit will be returned to you at the end of the Lease. We have no fidudary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. (a) Option to Purchase Vehicle. You have the option to buy the Vehicle at any time from a party designated by us. If you do, you agree to re -register and re-bfle the Vehicle in your name no later than 30 days from the time you purchase it. If you fall to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). (Q Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehide, you must give us a completed, signed odometer disclosure statement. If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return 8 within any grace period we offer, you will pay us at the beginning of each month for any pan of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease. the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (hem 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease End (Item 19), you will also pay us the total of the following amounts: • the Item 4A Disposition Fee unless this fee is waived under Item 23(t); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in hem 8; • an excess wear charge (Item 23(c)); • the Additional Amounts Due (see Item 23(s)). We will apply the Additional Credits to the amount you owe (see Item 23(s)). (g) Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement tires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehicle. We may but are not required to proviith de you wa replacement vehicle for any reason. You will maintain and keep in the Vehicle a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. (h) Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking tickets, tolls and traffic fines relating to the Vehicle. If you do not pay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. We may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us if we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehide, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as pan of your scheduled payment. We may change your scheduled payment if taxes change. If you don't pay ofine, penalty, tall or parking tidketand we elect to pay it you will reimburse us for the amount paid plus the Item 15 Administrative Fee. (1) Use of the Vehicle. You will keep the Vehide free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehide illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; • Without our prior written consent. alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibit or in away that produces unusually high depredation; • Allow unlicensed drivers to drive the Vehicle; • Use the Vehicle for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; • Take the Vehicle out of the United States without our written consent except for trips to Canada that do not exceed 30 days; • Change the Vehicle without our written consent. You will not let anyone else do any of these things. 0) Indemnification. We are not responsible for any injuries, damages, expenses or claims, Including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to Indemnity and hold us (and our assignees, successors, agents, and insurers) harmless for all such Injuries, damages, expenses and claims. (k) Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. (I) Your Odometer Obligaflorts. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. If the odometer is at any lime inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value mused by the inability to determine the Vehide's actual mileage. You will provide us with an odometer certification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to fell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or imprisoned if you do not complete the disclosure or if you make a false statement. (m) Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign ft. Any sate and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. (n) Ownership. We are the sole owners of the Vehide including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have riot given you any information or advice regarding possible tax consequences under this Lease. (o) Inspection. Upon reasonable nofics to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such Inspection. (p) Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. (q) Giving Notice. Notices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Nofices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, In which case you agree that the state -required period is reasonable. (r) Notice and Agreement Regarding E-Malls and Callsrrext Messages to Wireless Telephones: You agree, In order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or Vof )dntemet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may include using pre-recordedlantfictal voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may assign, transfer, or sell your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. (a) Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: • Any official fees and taxes related to the termination. • Any other amounts due under this Lease including any unpaid late charges or other amounts due bemuse you failed to meet your obligations under this Lease. If this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credds, you will owe us the difference. H the sum of the credits exceeds the amounts you owe, we will refund the difference to you. (1) Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Motors vehicle when this Lease ends. (u) Limited Power of Attorney. It there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any title or registration or on any check or draft we receive for that Vehide damage or loss. (v) Payoff Agreement. Original lessor relied on information from you and/or the lienholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the *Prior Credit or Lease Balance' Original lessor agrees to pay the payoff amount shown in from 12B to the lienholder or lessor of the trade-in vehicle, or its designee. If the actual payoff amount is more than the amount shown in Hem 128, you must pay the original lessor the excess on demand. If the actual payoff amount is less than the amount shown in Item 128, original lessor Will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 12B, or any refund due from the original lessor. (w) General. if any pan of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease is our entire agreement. We have made no promises to you not contained in this Lease. If any pan of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as If that pan were never contained in this Lease. (x) Address Waiver. You waive the provisions of California Vehicle Code Section 1808.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the dale this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to veiny your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application Is not approved, unless nonapproval results from an Incomplete application or from incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonepproval results from an incomplete information provided by you, or (2) for any other reason it original lessor is unable to assign the Lease to any one of the financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice (or in any other manner in which actual notice is given to you) within 10 days of the date this Lease is signed if original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehide to ongmal lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by original lessor, including any trade-in vehicle. if You do not immediately return the Vehicle, you will be liable for all expenses incurred by original lessor in taking the Vehide from you, including reasonable attorney's fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be In full force and you assume all risk of loss or damage to the Vehide. You must pay all reasonable costs of repair of any damage to the Vehicle, unfit the Vehicle is returned to original lessor. a. tenon.n.1-1. r ... ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract, tort, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the arbitrability of the claim or dispute), between you and us or our employees, agents, successors or assigns, Which asses out of or relates to your credit application, lease or condNon of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and at by a court action. If federal law provides that a claim or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbftrator on; provides ual basis and not as a class action. You expressly waive any right you may have to arbitrate a class action. You may chase the American Arbitration Association, (www.adr. r , or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting its website. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the arbitrator or hearing fee In accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not specify how fees must be allocated, we vrill pay the filing, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed in whole or in part by decision of the arbitrator H the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for its own attorney, expert and other fees, unless awarded by the arbitrator under applicable law. It the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall be in writing and Will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. You and we retain the right to seek remedies in small claims court for disputes or claims Within that court's jurisdiction, unless such action is transferred, removed or appealed to a different court. Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, to recover amounts you owe under this Lease, or for Individual Injunctive relief. Any court having jurisdiction may enter judgment on the arbitrator's award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. It any part of this Arbitration Provision, other than waivers of class action rights, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class adion rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee") for the assignment of leases by Lessor to Assignee from time to time, Lessor hereby assigns all right, fille and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to collect and discharge all obligations, any guaranty and this assignment. Form No. GMF-UCL•CA 8/15 LEASE AGREEMENT CFiEvRal_Er 1.A I ,, AA1ITla APPITPATinm PPMISIONI Lease Date: c,., r ,... ' , , Lessor Name and Business Address 1...... I ..._......- - - - - - - Lessee Name and Address Co -Lessee Name and Address M.K. SMITH CHEVROLET CITY OF A7.USA N/A 3.2845 Central Ave 213 EAST FOOTHILL BLVD N/A Chino, CA 91,710 AZUSA, CA 91702 N/A County: LOS ANGELES County: N A Lessee Billing Address if different than above Vehicle Garaging Address if different than above Principal Driver: County: ifbusiness use) RRRinnee of this I ease.The terms. conditions, and disclosures in this In this Lease, you" and -your- mean me lessee ana cu-masnu. YYe, Gi G,,.... ... w . ._ , -• • -. - --- - - - Lease govern your Lease with us. Each of you who signs the. Lease is jointlly and severall pliable to us for all Lease obligations. You are leasing the Vehicle described below e Act"VehDisclofromsu es shown belowtareaalsolterms of thiseLease.You Lease the e leasing thellVelhiclerand have no ownership s under the Lease. In inhis he Vehicle unless you exercise "a" means an te. yourte Consumer p chase option. asing Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. sinale Pavment Lease: If vour payment schedule shows a single scheduled payment in Item 3B, your lease is a single payment lease. INFW �0.19 tHEVROLET 1301.1- FV $013 LJGN LT JLGLFY6S08K4123133 I 10 I uous,ness uagncmmra, t CONSUMER LEASING ACT DISCLOSURES 2. Amount Due at 3. Scheduled Payments 320.00 is due 4. Other Charges (not part of your scheduled payment) 5.Total of Payments (The amount you will Lease Signing or 9 9 p vyY r.ii71 r�ionthly payment of $ :3S / / 1 have paid by the end Delivery on followed by monthly . 2000 23 the Disposition fee e you do not of the Lease) (itemized in Item 6) payments of $ ,due on of each month. purchase the Vehicle and we do not waive the fee under Item 23$ 395-00 (t)) S. Your t Is payment of$ i4/fa is due on Bi4/A $ N/A $18224 00 CN/A $ N/A (2+3C+4D-6A3-6A4- 6A5) C The T4ta1 of your Scheduled Payments is 11,520.00 D. Total $ 39fi.yk'i 6. Itemization of Amount Due at Lease Signing or Delivery A. Amount Due at Lease Signing or Delivery: B. How the Amount Due at Lease Signing or Delivery will be paid: 1. Capitalized cost reduction $ ' 2. Taxes on capitalized cost reduction $ 536. 441 N A 1. Net trade-in allowance $ / 3. First monthly payment $ 320.00 4. Single scheduled payment $ N/A 2. Rebates and noncash credits $ 4 63A QVII S. Refundable security deposit $ N/A N/A 2, 000. 00 6. Lease acquisition fee $ 3. Amount to be paid in cash $ 7. Vehicle license fees $ 8-75 N/A N/A 8. Registration, transfer, and titling fees $ N/A 4. Other $ 9. Sales/use tax $ 8.08 6,634.00 85.VA3 10. Document processing charge (not a governmental fee) $ S. Total $ 11. Electronic vehicle registration or transfer charge (not a governmental fee)$ 29'00 12. California tire fee $ N/A 13. N/A $ N/A N/A $ i4/{ 14 15. Total $ 6,634.00 7. Your scheduled payment is determined as shown below: A. Gross capitalized cost. The agreed upon value of the Vehicle (44 , 404 . 10 ) and any items you pay over the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you pay that reduces the gross capitalized cost. - $ S - 646 73 C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment. _ $r 9 ,- a07 'n7 D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. - $t.? Kg7 act E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through normal use and for other items paid over the Lease term. - --- _ $ 4 a I A R7 - F. Rent charge. The amount chargeld in addition to the depreciation and any amortized amounts.' + $ T i `i ' ' G. Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge. H. Lease payments. The number of payments in your Lease. I. Base scheduled payment. _ $ J. Sales/use tax (0). + $ K. N + $ u/A L. N/A .. + $ N-/A M.Total Scheduled Payment. _ $ 3 7rn i2N7i Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge maV be up to several thousand dollars. The actual charge will depend on when the Lease is terminated.The earlier you end the Lease, the greater this charge is likely to be. B. Excessive Wear and Use. You may be charged for excessive wear based on our standards for normal use and for mileage in excess 010,.tzw miles per year at the rate of $ 0. ' "'' per mile. 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ 1 q , r;q 7 E a plus a purchase option fee of $ . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, warranties, late and default charges, insurance, and any security interest, if applicable. 11. Itemization of as Capitalized Cost A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34 • 404 .10 G. Document processing charge (not a governmental fee) $ Id it., B. Agreed upon value of each accessory and item of H. Electronic vehicle registration or transfer charge (not a governmental fee) $ N PI optional equipment we agree to add to the Vehicle after I. California tire fee $ N { A Lease signinlg/((describe) J. Prior Credit or Lease Balance $ N / ri 14/A $ N/A Optional Products and Services: N/A $_ N/A K. 14/A $ r4/rf N/A $ id/A L. NIA $ N/A $ N/A M. N/A $ N/A C. Vehicle license fees $ N/A N. N/A D. D. Registration, transfer, and titling fees $ N/A N/A , O. N/A E. Lease acquisition fee $ 650. vat $ i4/A P. N /A F. Sales/use tax $ N/At $ N/A Q. Total Gross Capitalized Cost: 12. The Trade YearN/A $- -In Vehicle Ar !A Mar�ta'/ A. Agreed Upon Value of Trade -In $ Mottdl to B. Prior Credit or Lease Balance - $ Id/A C. Net Trade -In Allowance (If less than 0 then enter 0) _ $ It Mill DO NOT MEET YOU R OBLIGATIONS UNDER THIS LEASE WE MAY RETAKE THE VEHICLE. 13. Official Fees and Taxes. The total amount you will pay for official and license 16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless fees, registration, title, and taxes over the term of your Lease, whether included in this box is checked: ❑ Your scheduled Payments or assessed otherwise: $1. 65F • `; 5 (a). The total ❑ If this box is checked, the Vehicle is subject to the following express warranties: fees and taxes you pay may be different than his estimate based on changes in the N /A tax or The rates and he value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5 % of the unpaid portion of the late payment You will not have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0-rev for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us forthe amount paid plus a $250_ Administrative Fee per incident, if the law allows it. You are not required to buy any of the following optional products and services to enter into the is shown below. If you decide you want to purchase an optional product or service, review the ter, copy of the contract will be given to you as soon as practicable. By initialing below, you indf shown below is not shown as part of the Itemization of Amount Due at Lease Sfonino or If, /A Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEASED'AS IS' AND'WITH ALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the. Vehicle is subject to the manufacturer's standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect any implied warranties during the term of the warranty or service contract. Lease. The term of any product or service will be the Lease term, unless a different term is of the contract that describe the product or service before you initial below. A completed gate that you want to buy the optional products and services indicated. If the cost Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). Lessee Initials _ Lessee Initials _ Lessee Initials _ Lessee You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500,000 limits On combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 11000 .See insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date Item 23(a) for additions this Lease as follows: Insurance Company N214ien Insurance Agency NaQ1VrA Agency AdWA Agency Phone Number Agent's NamlY/A Policy Number ;. /A Deductibles: Collision $ NIA nc „ 1. e,I. ee A.nwrvuev A. This Lease is scheduled to and on a date determined as follows: (1) If the date of this Lease is the 29th, 301h, or This Lease contains the entire agreement between you and us relating to this Lease. Any change 31st of the month, start with the 1st day of the month immediately following the date of this Lease and move (onward to the Lease must be in wri ing and both ou d we must sign h: No o changes are binding. by the number of months in the lease term (Item 19B(; or (2) If the date of In's Lease is not the 29m, 30th, or 31sl of m1,lL_ the month, start with the date of his Lease and move forward by the number of months in the lease term (Item 19B). Lessee Signs X B. The scheduled lease term is3S ,„„n,rs ------- Agreement - g --- --- - -• • •^^ • . ",,., .L/ V VIYYr r rUIYT., lPR,Luu1NU AN Al-Ittt I HATION PROVISION. Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision on the reverse side of this Lease, you or we may elect to resolve any dispute by neut I, binding arbitrate a_ nd not by a court ction. See the Arbitration Provision for additional information concerning the agreement to arbitrate. Lessee Signs X \ �'L D i ' �d "_ ` �-, iN -�- A Co -Lessee Signs X N/A Lessor's Right to Cancel. If Lessor is unable to assign this Lease to a financial institution, the provisions of the Lessor's Right to Cancel section on the back giving the Lessor the right to cancel will apply. THERE IS NO COOLING OFF PERIOD California law does not provide for a "cooling off" or other cancellation period for vehicle Ieases.Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel this lease only with the agreement of the lessor or for legal cause, such as fraud. Notice is hereby giveR that the rights, but not the obligations, of N A to purchase and/or sell the asset described in this Lease have been assigned to pursuant to an agreement between NIA and _ 14 /A (1) Do not sign this lease before you read it or if it contains any to spaces to be filled in; (2) You are entitled to a completely filled in copy of this lease; (3) Warning - Unless a charge is included in this lease for public liability or property damage insurance, payment for that coverage is not provided by this lease. YOU AGAEETOTHETERMS OFTHIS LEASE.YOU ACKNOWLEOGEYOU HAVE EXAMINEDTHEVEHICLE,THATTHEVEHICLE IS EQUIPPED AS YOU WANT, AND THAT IT IS IN GOOD CONDITION. YOU ACCEPT THE VEHICLE FOA ALL PURPOSES OFTHE LEASE. YOU UNDEASTANDTNATYOU HAVE NO OWNERSHIP RIGHTS IN THE VEHICLE LESS YOU EXERCISE YOUR OPTIONTO PURCHASE THE VEHICLE. YOU CONFIRM THAT BEFOREYOU SIGNED THIS LEASE,WE GAVE ITTO YOU, AND YOU WERE FREE TO TAKE IT AND REVIEW ILYOU ACKNOWLEDGE THATYOU READ BOTH SIDES OF THIS LEASE, INCLUDING THE ARBITRATION PROVISION ON THE REVERSE SIDE (ITEM 24�, BEFORE SIGNING BELOW.YOU,CONFlAM THATYOU RECENED A COMPLETELY FILLED -IN COPY WHEN YOU SIGNED THIS LEASE. ,[� LESSEE SIGNATURES Lessee Sig atu eG I t �"v (J� Date Co -Lessee Signature hr /At Date Type/Print Lessee Na Li. , A Type/Print Co -Lessee NaYg6.A COMMERCIAL LESSEE SIGNATURE Commercial e D n1 /A By Type/Print Nam Type/PrintTli4/� LESSOR'S ACCEPTANCE ' The Lessor's authorized signature indicates the Lessor has accepted the terms, conditions and gat sof this Lease. Lessor Name: - 13TH CHFVft01.FT ; By: _ Lienholder Name: WELLSFRGO AS CTL AGT Type/Print Name: Assignee Name: ACAR Leasing Ltd. Type/Print Title: /LAW* FORM NO. GMF-UCL-CA (Rev. win Reynolds THE PRINTER WKE3 NO WARRANn, Meg9OEOR lIMPLIE� AST- CCONIE OR FRNE.4B FOR PURPOSE -'Tea FORM. CONSULTYOUR OWN LEGAL COUNSEL DEALER COPY Reynolds THE PRINTER WKE3 NO WARRANn, Meg9OEOR lIMPLIE� AST- CCONIE OR FRNE.4B FOR PURPOSE -'Tea FORM. CONSULTYOUR OWN LEGAL COUNSEL DEALER COPY 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES 11 dilly vi me Mluwing oceurs you will De in default under this Lease: - You do not pay any payment on its scheduled due date under this Lease; - You do not pay any other amount due under this Lease when we ask that you pay it; - You provide any false or misleading information in any Lease application; - You fail to maintain required insurance; - You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehicle is the subject of judicial or administrative proceedings: - You assign the Lease a oanxmptcy, receivership, or insolvency proceeding or one is started against you or your property; • You of anything that endangers the Vehicle or your ability to pay your Lease obligations; •You fail to return the Vehicle when required to do so under this Lease; • Ydu fail to meal any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: • End this Lease and require you to pay the amount due at early termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default; • Add any amounts we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amounts right away; • If the Vehiclehas an electronic locating device, use it to find the Vehicle; • Cancel any opfional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instinct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehicle may be to do so; • Sue you for damages or to get the Vehicle bade; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehicle o ova it o a storage place. Ater repossessing the Vehicle we will hold it free of any rights you may have under this Lease, subjed fo any right the law gives you to cure the default or recover I Vehide. We may take and store any personal items that are in the Vehicle. If you do not ask for these hems back, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal property you daim was in the Vehicle when it was repossessed, we will not be responsible for that Progeny. You will pay our reasonable expenses of taking these actions as the law alows. These expenses may include expenses of tatting and sonng the Vehide, attomey's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for ft. We may end the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a 'Total Loss'); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehicle to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amounts: • The total of your base scheduled payments not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depredation and any amortized amounts (Item 7E) and the rent charge (Item 7F) If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). If the Adjusted Lease Balance exceeds the Vehicles Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amounts: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. In addition to the amounts described above, you will also owe us the Item 4A Disposition Fee unless this fee Is waived under tom 23(t) plus the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depreciation and amortized amounts in the base scheduled payments that have become due. Each tom 71 Base Scheduled Payment consists of • a rent charge portion; and • a portion allocable to depreciation and any amortized amounts. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated to • rent charge; and • depreciation and any amortized amounts. The portion of a Base Scheduled Payment that is allocated to depreciation and any amortized amounts is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment. Under the 'Constant Yield Method," the rent charge for each scheduled period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it declines during the Lease term. At any given ffme during the Lease term, the 'Balance Subject to Rent Charge" is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: (i) all depreciation and amortized amounts accrued during the previous periods, and (ii) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge calculations are based on the assumption that we will receive your scheduled payments on their exact due dates and that the Lease goes to its full term. Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (i) The Item 7C Adjusted Capitalized Cost; minus (ii) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the 'Constant Yield Method" the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease Imes the Balance Subject to Rent Charge as it increases during the Lease term. At anygiven time during the Lease term, the "Balance Subject to Rent Charge" equals: (i) the Item 7C Adjusted Capitalized Cost; minus (ill the Item 71 Base Scheduled Payment; plus (Ili) all rent charges accrued during previous periods. The rent charge calculations are based on the assumption that the Lease goes to its full term. DeNnlUon of Fair Market Wholesale Value: Unless you exercise your independent appraisal right (see below), the Fair Market Wholesale Value of the Vehicle Is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as specified in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in wrifing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: (i) the Item 71 Base Scheduled Payment; divided by (ill the number of months in the Lease Term (Item 19B); times (ill) the number of full months remaining after the date of the early termination unfil the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehide at termination, you may get a professional appraisal of the Vehicle's fair market wholesale value. If you do so within a reasonable time, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) Insurance. For the duration of the Lease term, and unfil you return the Vehicle, you agree to maintain the amounts and types of primary insurance as indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your insurer does not pay a claim for any reason, it will mean that you have not maintained the required insurance. You will pay for any loss we incur because you do dt maintain required insurance or because the insurer does not pay a daim. If you tail to obtain and maintain the requird insurance, we may, if we choose, buy l for you. We may add the amount we pay far this insurance o your unpaid Lease obligations and charge renton the amount added, or at our option, ask you to pay it right away. If we deride o buy this insurance, we may either buy insurance that covers your interest and our interest, or buy insurancehat covers only our interest, unless the law requires us to buy insurance that also protects your interests. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entillod to the money. If the Lease ends in connection wish our receipt of the money, we will treat any of the money we do riot use to repair the Vehicle as pan of the price we received for the Vehicle at disposition. NOTICE: DAMAGE OR LILITY INSURANCE COVERAGE FOR BODILY I JURYtCAL AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehicle. If the Vehicle is a Total Loss (as described in the second paragraph of Item 22, Early Termination Liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. It you and we do not agree to continue this Lease with a substitute vehicle, we will end the Lease easy as described in Item 22 Early Termination Liability, and you will only awe the amountedescribd in the following paragraphs of this Item 23(b). But if: (a) the Vehicle was forfeited or confiscated under govemmental authority, or (b) the Tool Loss arose from your fraud, intentional wrongful ad or omission, gross negligence, or other failure to use the Vehicle in compliance with Iris Lease (see Item 23(i)), then you will sill owe the Item 22 Early Terminaton Liability. If we receive a settlement under an insuranrz policy that complies with the requirements of this Lease (see ttam$ 18 ad 23(a)), then: Monthly Payment lease. We will deduct the aount d any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the Adjusted Lease Balance (see Item 22) to compute a net lease balance (the "Net Lease Balance'. If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the Insurance settlement we receive. It the insurance settlement we receive is more than the Net Lease Balance, you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the "Net Lease Baance'). If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to theamount, if any, by which your insurance deductible exceeds $1.000 for the insurance settlement we receive. It we do not receive a settlement under an insurance policy that complies with the requirements of this Lease (see Items 18and 23(a)), you will owe us: (i) the Actual Cash Value of the Vehicle (see definition below); minus (ii) any part of your insurance deductible that you pay us; minus (iii) any settlement we receive from your insurance company; minus IN) any amount we receive for selling the Vehicle as salvage; pit IV) if the Vehicle is returned to us, the Item 4A Disposition Fee unless this fee is waived under tom 23(t). In addition to the amounts described above, you will also owe us the Additional Amounts Due (see Item 23(s)). DeffnlUon of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: I) the retail value of the Vehicle on the date of the Total Loss, as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (ii) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehicle on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. (c) Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent provided for in Its 22 or at the Scheduld Lease End (Item 19). Excess wear is wear beyond the midr wear reasonably expected to result from ordinary use of the Vehtcle, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permits (Item 23(i)). The excess wear charge will be our actual or estimated cost of repairing any excess wear. (We do not have o make the repairs.) Repairs, including tires, must be made with original equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair or replace: • painting or leftering the Vehide or modifying its VIN; • accessories, equipment, or pads that have been added, removed, damaged or modified (including missing keys or remote entry devices) without our prior written permission; • road damage, chips, scratches, cracks, plugs, finting, staining, corrosion or damage to the glass, paint, body, bumpers, suspension, engine, powertrain, frame, wheels, floor coverings, seats or any other part of the interior; • mechanical or electrical malfunction, upholstery, interior or trunkliner damage, stains or tears, dented trim or molding, or damage from water, sand, or freezing; • inoperable lights; • tires that have sidewall plugs, gouges, cuts or exposed cords or are di pad of a matching set of five tires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more tires with less than 1/8 inch of tread remaining at the shallowest point; • any condition that renders the Vehicle unsafe, incapable of passing any required inspection or makes the Vehicle run noisy, rough or unsafely; and • any other wear beyond normal wear. You will not owe a charge for excess mileage or excess wear if you purchase the Vehicle. - (d) Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the securitydeposit to any amounts you owe under this Lease, or, if you exercise your purchase option, tothe price of the Vehicle. Any unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. (a) Option to Purchase Vehicle. You have the option to buy the Vehicle at any time from a party designated by us. It you do, you agree to re -register and re -tile the Vehicle in your name no later than 30 days from the time you purchase it. It you fail to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) plus the tom 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Item 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). (1) Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends, You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement. If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return it within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (Item 19B). Your payment does not permit you o keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease Ed (Item 19), you will also pay us the total of the following amounts: • the Its 4A Disposition Fee unless this fee is waived under Item 23(Q; • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in hem 8; • an excess wear charge (Item 23(c)); •the Additional Amounts Due (see Item 23(s). We .will apply the Additional Credits to the amount you owe (see Item 23(s)). (g) Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating costs, such as gasoline, oil, and replacement fires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's parts or those of equal value in the maintenance and service of the Vehicle. We may but are not required to provide you with a replacement vehicle for arty reason. You will maintain and keep in the Vehicle a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. (h) Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking tickets, tolls and traffic fines relating to the Vehicle. If you do not pay such tickets, tolls and fines, we may do so for you, and you will pay us upon demand. We may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us if we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. if you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehicle, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as pad of your scheduled payment. We may change your scheduled payment if taxes change. If you don't pay a fine, penalty, toll or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus the Item 15 Administrative Fee. 11) Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; • Without our prior written consent, alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibits or in a way that produces unusually high depreciation; • Allow unlicensed drivers to drive the Vehicle; • Use the Vehicle for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; • Take If e Vehicle out of the United States without our written consent except for cps to Canada that do not exceed 30 days; • Change the Vehicle without our written consent. You will not let anyone else do any of these things. 0) Indemnification. We are not responsible for any Injuries, damages, expenses or claims, Including claims or altameyfees orunderthestrict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to indemnity and hold us (and our assignees, successors, agents, and Insurers) harmless for all such injuries, damages, expenses and claims. (k) Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amounts relating to insurance or any optional product or service sold in connection with this Lease and returned or paid to us. We will use these amounts to reduce amounts you owe under the Lease. You will earn no interest, increase, or profit with respect to such property. (1) Your Odometer Obligations. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. If the odometer is at any time inoperable, you will provide us with reasonable evidence of the VehlcWs actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer cer ificafion at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tell us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or Imprisoned If you do not complete the disclosure or U you make a false statement. (m) Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our rights under this Lease. Any person to whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. (n) Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible tax consequences under this Lease. (o) Inspection. Upon reasonable notice to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. (p) Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. (q) Giving Notice. Notices may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, In which case you agree that the state -required period is reasonable. (r) Notice and Agreement Regarding E-Mails and Calls/Text Messages to Wireless Telephones: You agree, In order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or VoiPMlernet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may include using pre-recordedlar ifrcial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may evoke this consent for any telephone or sell rnumberion for or email address byor ccolection. You ntacting us and letting us know. (s) you swill oweounts usthe ollowng e and a otunts:l CAny official feesss of how a d taxes'relatedetonthe tedinaion. • Any other amounts due under this Lease Including any unpaid late charges or other amounts due because you failed to meet your obligations under this Lease. It this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or daim benefits under them to reduce what you owe or repair the Vehicle. If the sum of the amounts you owe under this Lease exceeds the sum of the credits, you will owe us the difference. If the sum of the credits exceeds the amounts you owe, we will refund the difference to you. (t) Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Moors vehicle when this Lease ends. (u) Limited Power of Attorney. If there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any the or registration or on any check or draft we receive for that Vehicle damage or loss. (v) Payoff Agreement Original lessor relied on information from you and/or the lienholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the "Prior Credit or Lease Balance." Original lessor agrees to pay the payoff amount shown in Item 12B to the lienholder or lessor of the trade-in vehicle, or its designee. If the actual payoff amount is more than the amount shown in Item 12B, you must pay the original lessor the excess on demand. If the actual payoff amount Is less than the amount shown in Item 12B, original lessor will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 12B, or any refund due from the original lessor. (w) General. If any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will not be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease is our entire agreement. We have made no promises to you not contained in this Lease. If any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Lease. ovisions of California ion 1808.21 (x) Address Waiver. You waive the and authorize us to obtain yourresidenceVehicle esidence address from the California Department epartm nt of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to verity your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made If the credit application is not approved, unless nonapproval results from an incomplete application or from incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonapproval results from an incomplete information provided by you, or (2) for any other reason if original lessor is unable to assign the Lease to any one of The financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor mud give you written notice (or in any other manner in which actual notice is given to you) within 10 days of the date this Lease is signed if original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to original lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor must give back to you all consideration received by original lessor, including any trade-in vehide. It you do not Immediately return the Vehicle, you will be liableforall expenses Incurred by original lessor in taking the Vehicle from you, including reasonable attorneys fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be in full force and you assume all risk of loss or damage to the Vehicle. You must pay all reasonable costs of repair of any damage to the Vehicle, until the Vehicle is returned to original lessor. ,.... .... -.- ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract, tort, statute or otherwise (inducting the interpretation and scope of this Arbitration Provision, and the arbttrabilily of the claim or dispute), between you and us or our employees, agents, successors or assigns, which arises out of or relates to your credit application, lease or condition of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a court action. If federal law provides that a claim or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and not as a dass action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association, www.adr.o ,or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting its webshe. Arbitrators shall be attorneys or refired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management fee and the arbitrator or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not specify how fees must be allocated, we will pay the filing, administration, service or case management fee and the arbitrator or hearing tee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed in whole or in part by derision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for its own attorney, expert and other fees, unless awarded by the arbitrator under applicable law. It the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) andnot by any state law concerning arbitration. Any award by the arbitrator shall be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Ad. You and we retain the right to seek remedies in small claims court for disputes or claims within that court's judsdidon, unless such action is transferred, removed or appealed to a different court. Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, to recover amounts you owe under this Lease, or for individual injunctive relief. Any court having jurisdiction may enter judgment on the arts traofs award. This Arbitration Provision shall survive any termination, payoff or transfer of this Lease. It any part of this Arbitration Provision, other than waivers of dam action rights, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class action rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT Pursuant to the terms of that certain agreement between Lessor and the assignee named on the other side of this Lease ("Assignee") for the assignment of leases by Lessor to Assignee from time to time, Lessor hereby assigns all right, title and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to collect and discharge all obligations, any guaranty and this assignment. Form No. GMF-UCL-CA 8115 LEASE AGREEMENT CHEwwLET rniTl--1 ATIllhi Dort\/ICI(lNl1 (vv I I n nr 11. 1 I , Vim, -. • - Lease Date: Lessee Name and Address -- -, CaLessee Name and Address Lessor Name and Business Address Y' OF A7UFA EJJA EAsr FOOTHT LL. BI_VD N/A .!:;A, CA 91.702 N/A County: LOS A N G E. I.F5 County: Lessee -Willing Address if different than above Vehicle Garra In Address if different than above Principal Driver: County: (if business use) terms, conditions, and disclosures in this l_A Anlnur IN,e IIn ihls Lease, you rare yom maau a,c,woo o•••. •--•---- ---• -- - - Lease govern your Lease with us. Each of you who signs the Lease is joint)y and several)y liable to us or a ease obligations. Vehicle^) from us. You agree to pay all amounts due under the Lease and fulfill all your obligations under the Lease. In this Lease, "e" means an estimate. The Consumer Leasing Act Disclosures shown below are also terms of this Lease. You are leasing the Vehicle and have no ownership rights in the Vehicle unless you exercise your purchase option. Ne..,dhi„ oe,,,nent I casa' if your oavment schedule shows monthly scheduled payments in Item 3A, your lease is a monthly payment lease. n. ie.,ae Single Payment Lease: If your payment schedule shows a single scneomeu paynmi 1. The NewNsed Year Make Model Sold S le NFW 01.9 CNEVROI.FT BOLT FV 50F WGN I - 1.11 Ur;„, .,�, r��, •���- •- - -- - -•- - Vehicle Vehicle ID # Odometer Prima Use D Personal, unless of erwise indicated below --.wr81(411,7154 10 El business ❑aricullural .....,�, .ce . cncrur er•r nICCI ORES 2. Amount Due at 3. Scheduled Payments Lease Signing or p, ` ur first monthly payment of $�- is due Delivery on followed, bye monthly payments of $ , due on the (Itemized in Item 6) of each month. N/A is due on B. Your iWy� payment of $ C. The T8�yl 8�{ your Scheduled Payments is 6, 634.00 x .l..L,6 rd.PN"S 4. other Charges (not part of your scheduled payment) A. Disposition fee (if you do not purchase the Vehicle and we do 396.00 not IV $ a fee under Item 23(t)) $ - . C. --( - C$ D. Total 5. Total of Payments (The amount you will have paid by the end of the Lease) 18,229.Wii (2+ 3C+ 4D-6A3- 6A4- 6A5) B. How the Amount Due at Lease Signing or Delivery will be paid: A. Amount Due at Lease Signing or Delivery: r .>,646.73 1. Capitalized cost reduction $ 1. Net trade-in allowance $ N/A - fit'' _715ili_ $ 2. Taxes on capitalized cost reduction ur 3. First monthly payment .,2N_ $ 2. Rebates and noncash credits $ 4 , 634 . Poi 4. Single scheduled payment $ --�T� t 2,000.00 5. Refundable security deposit $ tt 3. Amount to be paid in cash $ 6. Lease acquisition fee , I N/A N/A 7. Vehicle license fees $ N it $ 8. Registration, transfer, and titling fees $ 4. Other 6,634-t7?h2, 8.0E3 9. Sales/use tax 10. Document processing charge (not a governmental fee) $ P.wJ $ 5. Total $ 29.00 it. Bedrorlk vehicle registration or transfer charge (not a govemmenlal fee)$ A _ 12. California tireNra $ N A 13. $ ld A 14. H A $ 6 , 6:i,t .Oi7r 7. Your scheduled payment is determined as shown below: a A. Gross capitalized cost. The agreed upon value of the Vehicle ($ 34,404. ai ) and any items you pay over the Lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance). B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you pay that reduces the gross capitalized cost. C. Adjusted capitalized cost. The amount used in Calculating your base scheduled payment. D. Residual -value: The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. E. Depreciation and any amortized amounts, The amount charged for the Vehicle's decline in value through normal use and for other items paid over the Lease term. ' F. Rent charge. The amount charged in addition to the depreciation and any amortized amounts. G.Total of base scheduled paymgnts. The depreciation and any amortized amounts plus the rent charge. H. Lease payments. The -number of payments in your Lease. I. Base scheduled payment. - J. Salesluse tax (p). K. IdP t $ 35, 054_10 13 646. 73 $.29,407.37 2 5050 + $ 10,Ei20. 44 36 _ 24 $ 27.7ti + $ NIA + $ N/A + $ 320.0Pi $ M.Total Schedu a aynme. Early Termination. You may have to pay a substantial charge If you end this Lease early. The charge maybe up to several thousand dollars. The actual charge will depend on when the Lease is terminated The earlier you end the Lease the greater this charge is I kel to be. d 8. Excessive Wear and Use. You may becharged for excessive wear based on our standards for normal use and for mileage in excess of miles per year at the rate of $ 0• per mile. 19 692 rip, 9. Purchase Option at End of Lease Term. You have an option to purchase the Vehicle at the end of the Lease term for $ P plus a purchase option fee of $ N/A . The purchase option price does not include official fees such as those for taxes, tags, licenses and registration. 10. Other Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities, A. Agreed upon value of the Vehicle as equipped at Lease signing$ 34,404.10 G. Document processing charge (not a governmental fee) $ N/A N/M B. Agreed upon value of each accessory and item of H. Electronic vehicle registration a (not patrimonial fee) $ g � ) N/A optional equipment we agree to add to the Vehicle after I. California fire fee $ N / A Lease signing (describe) N/A J. Prior Credit or Lease Balance $ N/A $ N/A Optional Products and Services: N/A K. $ N/A N/A N/A $ N/A $ N/A L. $ N/A N/A $ N/A M. W/it $ N/A C. Vehicle license fees $ N/A N. N Jit $ N/A N/A N/A N/A D. Registration, transfer, and titling fees $ O $ $ N/A 00 650. E. Lease acquisition fee $ N/A P.N/A 36,064.IPa F.Sales/use tax $ Q. Total Gross Capitalized Cost: $ Year N/ Make N/A ..n..n, N /A 13. Official Fees and Taxes. The total amount you will pay for official and license fees, registration, thle, and taxes over the term of your Lease, whether included in your scheduled payments or assessed otherwise: $ 1. ,6E'i8.' e). The total fees and taxes you pay may be different than this estimate based on changes in the tax or fee rates and the value of the Vehicle when the fee or tax is determined. 14. Late Payments. For any payment not received within 10 days of the date it is due, you will pay a late charge of: the lesser of $25 or 5 % of the unpaid portion of the late payment You will not. have to pay a late charge if the only amount that is late is a late charge you owed for an earlier late payment. 15. Returned Payments and Unpaid Fines and Fees. You will also pay a returned payment charge of $ 0-00 for any check, instrument or electronic funds debit that is returned unpaid for any reason, if the law s allows it. If you don't pay a fine, penalty, toll, or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a $ 25.00 Administrative Fee per incident, if the law allows it. A. Agreed Upon Value of Trade -In $ n B. Prior Credit or Lease Balance - $ N C. Net Trade -In Allowance (If less than 0 then enter 0) = $ N 16. Warranties. The Vehicle is subject to the manufacturers standard warranty, unless this box is checked: ❑ ❑ If this box is checked, the Vehicle is subject to the following express warranties: N/A Warranty papers that are separate from this Lease state any coverage limits. The law gives you a warranty that the Vehicle conforms to the description in this Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE. Except as provided above or prohibited by law, the following two sentences apply. THE VEHICLE IS BEING LEA,SED'AS IS' AND'WITHALL FAULTS', AND THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE VEHICLE IS WITH YOU. SHOULD THE VEHICLE PROVE DEFECTIVE FOLLOWING DELIVERY PURSUANT TO THIS LEASE, YOU, NOT THE LESSOR, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING OR REPAIR. If the Vehicle is subject to the manufacturer's standard warranty, if we make a written warranty covering the Vehicle or, within 90 days of the Lease Date we enter into a service contract covering the Vehicle, this disclaimer will not affect anv imoliad warranties durinn the farm of tha wormnh, nr -Al. „nn,-, 17. OPTIONAL PRODUCTS AND SERVICES You are not required to buy any of the following optional products and services to enter into the Lease. The term of any product or service will be the Lease term, unless a different term is shown below. If you decide you want to purchase an optional product or service, review the terms of the contract that describe the product or service before you initial below. A completed copy of the contract will be given to you as soon as practicable. By Initialing below, you indicate that you want to buy the optional products and services indicated. If the cost not shown below is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 7A). 0 tlonal or Service Coverage Price Name of Provider Approval N /A Lessee Initials Lessee - Initials N/A Lessee Initials N/A Lessee Initials 18.TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE You must maintain: Bodily Injury Coverage with $ 100,000 / $ 300,000 limits; Property Damage Coverage with $ 50,000 / $ 500,000 limits or combined single limit; Collision, Fire, Theft and Comprehensive Coverage with a maximum deductible of $ 11000 .See Item 23(a) for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease as follows: Insurance Company Name N /A Insurance Agency Name N /A Agency Addres# /A Agency Phone Number N/A Agent's Name N /A Policy Number N /A Deductibles: Collision $ IJ /A Comprehensive $ N/A 79. SCHEDULED LEASE END AND LEASE TERM 20. HOW THIS LEASE CAN BE CHANGED A. This Lease is scheduled to end on a date determined as blitm (1) If the dale of this Lease's the 29th, 30A or This Lease contains the entire agreement between you and us relating to this Lease. Any change 31st of the month, Stan with the 1st day of the month immediateq following the date of this Lease and forward move to the Lease must be in wrifing and both you and we must sign ft. No oral changes are binding. by the number of months in the lease term (Item 193); or (2) I(ihe tlata d this Lease u rat the 29th, 3glh, or 31s1 of dre month, scan with the dale of ih's Lease and more )award by the numbs of months in the lease term piem 196). Lessee Signs X B. The scheduled lease term is 36 months. Co -Lessee Signs X `, N lA J NOTICE: THE OTHER SIDE OF THIS LEASE nnnl'rarus iuonorAn ri- ce..c..n......,..,.,.,..,...._..._.-._ _ _. _ __.__ _- _ _ �caacc WUNATURES 0412311 9 -� �) -�. Qee rl n Lesseee Signature Date r•.n_r e e ci....n...__ / __------- ,....,..., ...,c Commercial Lessee rv/N Date H Type/Print Name By Type/Print Title The Lessor's authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease. Lessor Name: ,n . _ m I. - r< t. Lienholder Name: WELLSFRGO AS CTL AGT Assignee Name: ACAR Leasing Ltd. Type/Print Name: Type/Print Title: _ ---- ._•-•-•......^µ na mcorviEM Op FIrN888 FOp PUNP08EOFTM111RC0N8ULTMVfl MNLE0Q000N8 DEALER COPY. 21. DEFAULT, REPOSSESSION AND OTHER REMEDIES If firiv gif the follawin 1 occurs ou will be in default under this Le : • You do not pay any payment on its scheduled due date under this Lease; • You do not pay any other amount due under this Lease when we ask that you pay it; • You provide any false or misleading information in any Lease application; • You fail to maintain required insurance; • You lose possession of the Vehicle by confiscation, forfeiture or other involuntary transfer whether or not the Vehicle is the subject of judicial or adrnirk nave ,,,,,,.our,.,,,..., .. ___:__ --, ___ a uanRrupicy, receivership, or insolvency proceeding or one is stoned against you or your Property; • You do anything that endangers the Vehicle or your ability to pay your Lease obligations; • You fail to return the Vehicle when required to do so under this Lease; • You fail to meet any other obligation under this Lease; • You do anything the law says is a default. If you are in default, after waiting any time the law requires, we may do any of the following: • End this Lease and require you to pay the amount due at eady termination; • Take any action we believe is required to protect our interest in the Vehicle (for example buying insurance) and our action will not cure your default • Add any amount we spend taking these actions to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these amount fight away; • If the Vehicle has an electronic locating device, use it to find the Vehicle; • Cancel any optional products and services included with this Lease and apply any refund to your Lease obligations (you hereby instruct any provider of such products and services to pay us any refund or credit due on early cancellation); • Take (repossess) the Vehicle wherever we find it and enter any property where the Vehide may be to do so; • Sue you for damages or to get the Vehicle bade; • Pursue any other remedy the law gives us. We will exercise our rights without breach of the peace, at reasonable times and places, in a reasonable way, as the law allows. We may use the license plates on the Vehicle to move it to a storage place. After repossessing the Vehicle, we will hold R free of any right you may have under this Lease, subject to any right the law gives you to cure the default or recover the Vehicle. We may take and store any personal items that are in the Vehicle. If you do rat ask for these items back, we may dispose of them as the law allows. Unless you tell us within 60 business days of any personal property you claim was in the Vehicle when it was repossessed, we will not be responsible for that property. You will pay our reasonable expenses of taking these actions as the law allows. These expenses may include expenses of taking and stoning the Vehicle, attorney's fees, collection costs, and court costs. 22. EARLY TERMINATION LIABILITY When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle to us and paying us your early termination liability (see below) when we ask for it. We may end the Lease early if you are in default; the Vehicle is damaged or destroyed beyond repair, stolen or lost (a "Total Loss"); or you die and there is no surviving lessee. If we end the Lease, you must return the Vehicle to the place we designate and pay us the early termination liability (see below) when we ask for it. Early Termination Liability. We will figure your early termination liability as follows: Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see definition below) at termination. If this amount is more than the total of the following amounts, you will instead pay the total of the following amount: • The total of your base scheduled payment not yet due; • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays the depredation and an amortized amount (Item 7E) and the rent charge (Item 7F). If the Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the amount of the Unused Base Scheduled Payment (see definition below). If the Adjusted Lease Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the excess up to the total of the following amount: • An excess wear charge (see Item 23(c)); and • An excess mileage charge for any miles In excess of the permitted mileage during the scheduled Lease term at the rate per mile shown in Item 8. In addition to the amount described above, you will also owe us the Item 4A Disposition Fee unless this fee is waived under Item 23(t) plus the Additional Amount Due and we will apply the Additional Credit to the amount you owe (see Item 23(s)). Definition of Adjusted Lease Balance: Monthly Payment Lease. The Adjusted Lease Balance equals the difference between: (1) The Item 7C Adjusted Capitalized Cost; and (2) all depredation and amortized amount In the base scheduled payment that have become due. Each Rem 71 Base Scheduled Payment consist of • a rent charge portion; and • a portion allocable to depredation and any amortized amount. Although the amount of your Item 71 Base Scheduled Payment does not change, different portions of each Base Scheduled Payment are allocated fo • rent charge; and •depredation and any amortized amount. The portion of a Base Scheduled Payment that is all to depredation and any amodized amount is equal to the Base Scheduled Payment minus the rent charge for that month. We use the Constant Yield Method to figure the rent charge portion of each Base Scheduled Payment. Under the •Constant Yield Method,'the rent charge for each scheduled period is earned in advance by multlplyirg the censfant rat Implicit in this Lease times the Balance Subject to Rent Charge as it declines during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge' is the difference between the Item 7C Adjusted Capitalized Cost and the sum of: (1) all depreciation and amortized amount accrued during the previous periods, and (ii) any Base Scheduled Payment paid at Lease signing or delivery. The scheduled rent charge calculations are based on the assumption that we wsll receive your scheduled payments on their exact due dates and that the Lease goes to it full term. Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (1) The Item 7C Adjusted Capitalized Cost; minus (ii) the Item 71 Base Scheduled Payment. At the beginning of each month, the Adjusted Lease Balance increases by the rent charge for that month. We use the Constant Yield Method to figure the rent charge for each month. Under the 'Constant Yield Method' the rent charge for each monthly period is earned in advance by multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as it increases during the Lease term. At any given time during the Lease term, the "Balance Subject to Rent Charge' equals: (I) the Item 70 Adjusted Capitalized Cost; minus Ili) the Item 71 Base Scheduled Payment; plus (fill all rent charges accrued during previous periods. The rent charge calculations are based on the assumption that the Lease goes to it full term. Definition of Fair Market Wholesale Value: Unless you exercise your independent appraisal night (see below), the Fair Market Wholesale Value of the Vehicle is: • if we elect to retain ownership of the Vehicle for use or to lease to a subsequent lessee, the wholesale value of the Vehicle as spedfied in the then current issue of the Kelley Blue Book Auto Market Report, or, • under all other circumstances, the higher of (1) the price we receive for the Vehicle at disposition or (2) the amount you and we agree in writing. Definition of Unused Base Scheduled Payment (Single Payment Lease): The Unused Base Scheduled Payment equals: (i) the Item 71 Base Scheduled Payment; divided by (it) the number of months in the Lease Term (Item 19B); times (Ili) the number of full months remaining after the date of the early termination unfit the Scheduled Lease End (Item 19A). Your Independent Appraisal Right: To the extent your early termination liability takes into account the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's fair market wholesale value. If you do so within a reasonable time, we will use the appraised value as the Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must agree on the appraiser. You must pay for any appraisal. The appraisal will be binding. 23. OTHER TERMS AND CONDITIONS (a) Insurance. For the duration of the Lease term, and until you return the Vehicle, you agree to maintain the amount and types of primary insurance as indicated in Item 18 on the front of this Lease in your name. Insurance may be obtained by you from anyone reasonably acceptable to us. You must indicate us or anyone we require as an additional insured and loss payee on your policy. Your policy must state that we will be given at least 10 days' notice of any material coverage change, reduction, or cancellation. If your Insurer does not pay a claim for any reason, it will mean that you have not maintained the required insurance. You will pay for any loss we Incur because you do not maintain required insurance or because the insurer does not pay a claim. If you fail to obtain and maintain the required insurance, we may, ff we choose, buy it for you. We may add the amount we pay for this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our option, ask you to pay it right away. If we decide to buy this insurance, we may either buy insurance that covers your interest and our interest, or buy insurance that covers only our interest, unless the law requires us to buy insurance that also protects your interest. If the Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a judgment, a settlement, or the like, we will be entitled to the money. If the Lease ends in connection with our receipt of the money, we will treat any of the money we do not use to repair the Vehicle as part of the price we received for the Vehicle at disposition. NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE. (b) Total Loss of Vehicle. If the Vehicle is a Total Loss (as described in the second paragraph of Item 22, Early Termination liability) during the Lease term, we may at our option agree in writing to continue this Lease and provide you with a substitute vehicle. U you and we do not agree t continue this Lease with a substitute vehicle, we will end the Lease early as described in Item 22 Early Termination Liability, and you will only owe the amount described in the following paragraphs of this Item 23(b). But It: (a) the Vehicle was forfeited or confiscated under govemmenfal authority, or (b) the Total Loss arose from your fraud, intentional wrongful ad or omission, gross negliggonce, or other failure fo use the Vehicle in cempftnce with this Lease (see It 23(Q), then you will still owe the Item 22 Early Tar erston Liability. If we receive a settlement under an insurance policy that complies with the requirements of this Lease (see hems 18 and 23(a)). then: Monthly Payment Lease. We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contract included in this Lease from the Adjusted Lease Balance (see Item 22) to compute a net lease balance (the 'Net Lease Balance'). If the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the Insurance settlement we receive. If the Insurance settlement we receive is more than the Net Lease Balance, you will receive a credit for any excess. Single Payment Lease. You will receive a credit for the Unused Base Scheduled Payment (see Item 22). We will deduct the amount of any refunds we receive from cancelling optional insurance, maintenance, service, or other contracts included in this Lease from the sum of the Adjusted Lease Balance (see Item 22) and the Unused Base Scheduled Payment to compute a net lease balance (the 'Net Lease Balance'). If the insurance settlement we receive is more than the Net Lease Balance, you will also receive a credit for the excess. It the Net Lease Balance is more than the insurance settlement we receive, you will owe the excess up to the amount, if any, by which your insurance deductible exceeds $1,000 for the insurance settlement we receive. If we do not receive a settlement under an insurance policy that complies with the requirement of this Lease (see Items 18 and 23(a)), you will owe us: (0 the Actual Cash Value of the Vehicle (see definition below); minus (m) any part oIf your Insurance deductible that you pay us; minus (Ili) any settlement we receive from your insurance company; minus (iv) any amount we receive for selling the Vehicle as salvage; plus (v) ff the Vehicle is returned to us, the Item 4A Disposition Fee unless this fee is waived under Item 23(t). In addition to the amount described above, you will also owe us the Additional Amount Due (see Item 23(s)). Definition of Actual Cash Value of the Vehicle: The Actual Cash Value of the Vehicle is: (1) the retail value of the Vehicle on the date of the Total Loss, as listed in a recognized national or regional guidebook for used vehicle values with no deductions for prior damage or the condition of the Vehicle; or (U) if no such guidebook values are available, our estimate, based on the best data reasonably available to us, of the retail value of the Vehicle on the date of the Total Loss, with no deductions for prior damage or the condition of the Vehicle. (c) Standards for Wear and Use. You agree to pay an excess mileage charge as indicated in Item 8 and an excess wear charge, at the early end of this Lease to the extent Provided for in Item 22 or at the Scheduled Lease End (Item 19). Excess wear is wear beyond the minor wear reasonably expected fo resuh horn oho ry use of the Vehicle, assuming you maintain the Vehicle as this Lease requires (Item 23(g)) and use the Vehicle as this Lease permit (Item 23(i)). The excess wear charge vvill be our actual or esit at cost of repairing any excess wear. (We do not have to make the repairs.) Repairs, including tires, must be made with orig naI equipment manufacturer's parts or those of equal quality. These include but are not limited to those necessary to repair I replace: •painting or lettering the Vehicle or moditying it VIN; • accessories, equipment or parts that have been added, removed, damaged or modified (including missing keys or remote entry devices) without our prior written permission; •road damage, chips, scratches, sacks, plugs, tinting, staining, cerosion or damage to the glass, paint, body, bumpers, suspenslon, engine, powertrain, frame, wheels, floor coverings, seat or any other part of the interior; •mechanical or electrical maffunction, upholstery, interior or hunkliner damage, shams or tears, dented trim or molding, or damage from water, sand, or freezing; • inoperable light; •tires that have sidawall plugs, gouges, cut or exposed cords or are not part of a matching set of five tires or of unequal quality to the originals (or four with a spare of quality and type as the original); • one or more fires with less than 11 inch of tread remaining at the shallowest point; • any condition that renders the Vehicle unsafe, of of passing any required inspection or makes the Vehicle run noisy, rough or unsaf incapable and • any other wear beyond normal wear. You wilt not owe a charge for excess mileage or excess wear it you purchase the Vehicle. (d) Security Deposit. If you paid a security deposit this paragraph applies. Unless required by law, we do not keep the security deposit separate in a bank or earmarked on our books. We may apply some or all of the security deposit to any amount you owe under this Lease, or, if you exercise your purchase option, to the price of the Vehicle. Any unused security deposit will be returned to you at the end of the Lease. We have no fiduciary duty to you with respect to the security deposit unless such duty is imposed by law. No interest, increase, or profit on the security deposit will accrue or be paid to you. (e) Option to Purchase Vehicle. You have the Upton to buy the Vehicle at any time from a party designated by us. If you do, you agree to re -register and re -title the Vehicle in your name no later than 30 days from the time you purchase it. If you fail to do so, we reserve the right to cancel the registration. Before the Scheduled Lease End (Item 19A), the price will be the Adjusted Lease Balance (see Item 22) plus the Item 9 Purchase Price minus the Item 7D Residual Value. At the Scheduled Lease End (Rem 19A), the price will be the Item 9 Purchase Price. At either time, you must also pay the Additional Amounts Due and we will apply the Additional Credits to the amount you owe (see Item 23(s)). (f) Return of the Vehicle. If you do not exercise your purchase option, you will return the Vehicle to us at a place we designate when this Lease ends. You agree to make the Vehicle available for inspection at our request. When you return the Vehicle, you must give us a completed, signed odometer disclosure statement, If you keep the Vehicle after the Scheduled Lease End (Item 19), unless you return it within any grace period we offer, you will pay us at the beginning of each month for any part of a month you keep the Vehicle, an amount equal to: • For a monthly payment lease, the Item 7M Total Scheduled Payment. • For a single payment lease, the Item 7M Total Scheduled Payment divided by the number of months in the Lease Term (Item 19B). Your payment does not permit you to keep the Vehicle unless you get our permission in advance. Upon return of the Vehicle on or after the Scheduled Lease End (Rem 19), you will also pay us the total of the following amount: • the Item 4A Disposition Fee unless this fee is waived under Item 23(t); • an excess mileage charge for any miles in excess of the permitted mileage during the scheduled Lease term at the rate per mile shown In Item 8; • an excess wear charge (Item 23(c)); • the Additional Amount Due (see Item 23(s)). We will apply the Additional Credits to the amount you owe (see Item 23(s)). (g) Maintenance. You will maintain the Vehicle in good working order and repair. You will pay all operating cost, such as gasoline, oil, and replacement tires. You will, at your expense, service the Vehicle according to the owner's manual maintenance schedule. If the Vehicle is recalled, you will have the recall repairs or service performed. You will use original equipment manufacturer's part or those of equal value in the maintenance and service of the Vehicle. We may but are rat required to provide you with a replacement vehicle for arty reason. You will maintain and keep in the Vehicle a record of all maintenance performed on the Vehicle. This maintenance record will be available to us at any time, and will be provided to us at the end of the Lease. (h) Registration, Parking Tickets, Tolls and Taxes. You must keep the Vehicle currently registered. You must pay all parking ficket, tolls and traffic fines relating to the Vehicle. 11 you do not ppay such fickets, tolls and fines, we may do so for you, and you will pay us upon demand. Wye may add the amount to what you owe us if you do not pay us when we make demand. You must pay when due or reimburse us N we pay for you, all government charges, fees and taxes whether assessed on you, us, or the Vehicle. You will not have to pay our income taxes. If you do not pay the charges, fees and taxes, and interest or penalties are assessed (unless the interest or penalties are a result of our negligence), you must pay the interest or penalties when due or reimburse us if we pay them. You must pay personal property taxes, ad valorem, sales, use or similar taxes assessed on the Vehicle, whether such fees or taxes are billed during or after the Lease term, and whether you are billed for them by the government or whether we pay them and bill you for them or include the amount of such taxes as part of your scheduled payment. We may change your scheduled payment If taxes change. If you don't pay a fine, penalty, loll or parking ticket and we elect to pay it, you will reimburse us for the amount paid plus the Item 15 Administrative Fee. (1) Use of the Vehicle. You will keep the Vehicle free from any liens or claims. You have the risk of loss, and are responsible for the Vehicle's damage or destruction. You will not: • Use the Vehicle illegally, improperly such as for towing that exceeds the manufacturer's towing recommendations, or for hire; • Without our prior written consent, alter or install equipment that makes the Vehicle unsafe or unlawful to operate; • Use the Vehicle in a manner that your insurance policy prohibits or in a way that produces unusually high depredation; • Allow unlicensed drivers to drive the Vehicle; • Use the Vehicle for more than 30 days outside the state where you originally registered the Vehicle without our prior written permission; • Take the Vehicle out of the United States without our written consent except for hops to Canada that do not exceed 30 days; • Change the Vehicle without our written consent You will not let anyone else do any of these things. 0) Indemnification. We are not responsible for any injuries, damages, expenses or claims, including claims for attorney fees or under the strict liability doctrine, caused by the maintenance, condition, or operation or use of the Vehicle. You agree to indemnify and hold us (and our assignees, successors, agents, and Insurers) harmless for all such Injuries, damages, expenses and claims. (k) Assignment of Returned Premiums and Other Amounts. You assign to us any unearned returned premiums or charges or other amount relating to insurance or any optional product or service mid in connection with this Lease and returned or paid to us. We will use these amount to reduce amount you owe under the Lease. You will Sam no interest, increase, or profit with respect to such property. (1) Your Odometer Obligations. You will maintain the odometer of the Vehicle so that it always reflects the Vehicle's actual mileage. If the odometer is at any time inoperable, you will provide us with reasonable evidence of the Vehicle's actual mileage. If you are unable to do so, you will pay us our reasonable estimate of any reduction of the Vehicle's fair market value caused by the inability to determine the Vehicle's actual mileage. You will provide us with an odometer certification at any time we request one. We may request more than one certification during the term of this Lease. Important Note: Federal law requires you to tali us the Vehicle's mileage in connection with a transfer of Vehicle ownership. You may be fined and/or Imprisoned if you do not complete the disclosure or if you make a false statement. (m) Assignment and Transfer of the Vehicle. You may not assign the Lease or transfer the Vehicle without our prior written permission. We may assign all of our right under this Lease. Any person t0 whom this Lease is assigned may reassign it. Any sale and assignment by us will not be considered to change materially your duties, burden, or risk under this Lease. (n) Ownership. We are the sole owners of the Vehicle including original accessories and any installed after the Lease begins. This is a true lease for tax and other purposes and we receive all benefits of ownership. We have not given you any information or advice regarding possible fox consequences under this Lease. (o) Inspection. Upon reasonable notice to you, at any reasonable place and time we choose we may inspect this Vehicle and you agree to cooperate with such inspection. (p) Waiver. We may delay or refrain from enforcing any of our rights under this Lease without losing them. (q) Giving Notice. Norms may be given personally or sent by first class mail. Notice mailed to us must be sent to the address shown in this Lease or as we otherwise direct from time to time. Notices shall be deemed given to us when they are personally given or actually received at our address. Notices shall be deemed given to you when they are personally given or when placed in the mail, addressed to you at your address then shown on our records, even though you might not actually receive our mailed notice. You agree that 10 days' notice is a reasonable notice period, unless state law requires a longer period, in which case you agree that the state -required period is reasonable. (r) Notice and Agreement Regarding E-Mails and Calls/rext Messages to Wireless Telephones: You agree, in order for us to service your account or to collect any amounts you may owe, we may contact you by telephone at any telephone number associated with your account, including land -line, wireless, cellular, or VoiPdnternet telephone numbers, which could result in charges to you. We may also contact you at any e-mail address you provide to us or by sending text messages, which could result in charges to you. Methods of contact may Include using pre-recorded/artificial voice messages and/or use of an automatic dialing device, as applicable. Your agreement and consent also extends to any other agents, affiliates, or entities to whom we may assign, transfer, or sell your obligation for servicing or collection. You may revoke this consent for any telephone number or email address by contacting us and letting us know. (s) Additional Amounts Due and Additional Credits: Regardless of how this Lease ends, you will owe us the following amounts: • Any official fees and taxes related to the termination. • Any other amounts due under this Lease including any unpaid late charges or other amount due because you failed to meet your obligations under this Lease. If this Lease ends early, we may cancel any optional insurance, maintenance, service, or other contracts included in this Lease or claim benefit under them to reduce what you owe or repair the Vehicle. If the sum of the amount you owe under this Lease exceeds the sum of the credit, you will owe us the difference. It the sum of the credit exceeds the amounts you owe, we will refund the difference to you. It) Disposition Fee Waiver: The Item 4A Disposition Fee will be waived if you purchase or lease a new General Motors vehicle when this Lease ends. (u) Limited Power of Attorney. if there is any damage or loss to the Vehicle, you agree that we or our agent may settle any insurance claim or sign your name on any title or registration or on any check or draft we receive for that Vehicle damage or loss. (v) Payoff Agreement. Original lessor relied on information from you and/or the Itnholder or lessor of your trade-in vehicle to arrive at the payoff amount shown in Item 12B above as the 'Prior Credit or Lease Balance' Original lessor agrees to pay the payoff amount shown in Item 12B to the lienholder or lessor of the trade-in vehicle, or it designee. If the actual payoff amount is more than the amount shown in Item 12B, you must pay the original lessor the excess on demand. If the actual payoff amount is less than the amount shown in Item 12B, original lessor will refund the difference to you. Any assignee of this Lease will not be obligated to pay the Prior Credit or Lease Balance shown in Item 12B, or any refund due from the original lessor. (w) General. If any part of this Lease is invalid, unenforceable or illegal in any jurisdiction, the part that is invalid, unenforceable or illegal will rat be effective as to that jurisdiction. The rest of the Lease will be enforceable except as provided in the Arbitration Provision, below. This Lease is our enfire agreement. We have made no promises to you not contained in this Lease. If any part of this Lease is found by a court or other dispute resolution body to be void or unenforceable, this Lease is to be read as if that part were never contained in this Lease. (x) Address Waiver. You waive the provisions of California Vehicle Code Section 1808.21 and authorize us to obtain your residence address from the California Department of Motor Vehicles. (y) Right to Cancel. Original lessor agrees to deliver the Vehicle to you on the date this Lease is signed by original lessor and you. You understand that it may take a few days for original lessor to verily your credit and assign the Lease. Lessee's Right to Cancel. You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an incomplete application or from Incorrect information provided by you. Lessor's Right to Cancel. Original lessor may cancel this Lease if (1) nonapproval results from an incomplete information provided by you, or (2) for any other reason if original lessor is unable to assign the Lease to any one of the financial institutions with whom original lessor regularly does business under an assignment acceptable to original lessor. Original lessor must give you written notice for in any other manner in which actual notice is given to you) within 10 days of the date this Lease is signed If original lessor elects to cancel. Upon receipt of such notice, you must immediately return the Vehicle to original lessor in the same condition as when delivered to you, reasonable wear and tear excepted. Original lessor mud give back to you all consideration received by original lessor, including any trade-in vehicle. If you do not immediately return the Vehicle, you will be Roble for all expenses incurred by original lessor in taking the Vehicle from you, including reasonable attorneys fees. While the Vehicle is in your possession, all terms of the Lease, including those relating to use of the Vehicle and insurance for the Vehicle, will be in full force and you assume all risk of loss or damage to the Vehicle. You must pay all reasonable cost of repair of any damage to the Vehicle, until the Vehicle is returned to original lessor. a4l. ARBITHAl IUly 1'11iUv Mlivry ARBITRATION PROVISION PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS 1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL. 2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS. 3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN ALAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD HAVE IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Any claim or dispute, whether in contract. ton, statute or otherwise (including the interprettbn and scope of this Arbitration Provision, and the arbitrabilily of the claim or dispute), between you and us or our employees, agent, successors or assigns, which arises out of or relates to your credit application, lease or condition of this Vehicle, this Lease or any resulting transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a ceud action. if federal law provides that a claim or dispute is not subjectto binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by a single arbitrator on an individual basis and hot as a class action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association, www.adr.or , or any other organization to conduct the arbitration subject to our approval. You may get a copy of the rules of an arbitration organization by contacting the organization or visiting it website. Arbitrators shall be attorneys or retired judges and shall be selected pursuant to the applicable rules. The arbitrator shall apply governing substantive law and the applicable statute of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on the front of this Lease is a parry to the claim or dispute, in which case the hearing will he held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management IN and the arbitrator or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. If the rules of the chosen arbitration organization do not spedty how fees must be allocated, we will pay the fling, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of $5,000, unless the law requires us to pay more. The amount we pay may be reimbursed in whole or in part by decision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for it own attorney, expert and other fees, unless awarded by the arbitrator under applicable tow. If the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this Arbitration Provision shall control. Any arbitration under this Arbitration Provision shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 at seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall rn be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. es or You and we ratio the right to seek remedies in small claims court for disputclaims within that courts jurisdiction, unless such action is transferred, removed or appealed to a different cofor urt. Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, y recover amountsoff or otranst we under this Lease. Ifrany Individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrators award. This Arbitration Provision shall any termination, pay pan of this Arbitration Provision, other than waivers of class action right, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class action rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, the remainder of this Arbitration Provision shall be unenforceable. 25. LESSOR'S ASSIGNMENT nee- for the assignment of leases by Lessor to Assignee Pursuant to the terms of that certain agreement between Lessor and the assignee treed on the tither taste of this Lease haveig ) 9 from time to time; Lessor hereby assigns a8 right, tide and interest in the Lease and the Veliide and right the Lessor may have under any guaranty executed in connection with the Lease, with full powers to Assignee to tolled and discharge all obligations, any guaranty and this assignment Form No. GMF-UCL-CA 8115