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d Ap LL financial solutions partner 18070 Collins Ave. stale Zip Isles Beach FL 33160 Lease Agreement PHONE: (866) 355-5767 FACSIMILE: (866) 355-5770 Equipment Make/SoRware Model No. Serial Number Description Attach Separate Schedule If Necessary) R2 Unified Technologies LLC Quote# R2UQ18879- for equipment description purposes only Equipment Location (if not same as above) City state Zip Number of Lease (PLUS) Applirahla (EQUALS) Total Lease Term of Lease Payment Frequency: ❑ Monthly ❑ Quarterly [R Other Annually Lease Payments Payment Sales Tax Payment in Months End of Lease Option: ❑ FMV ❑ 10% P $1 ❑ Other 3 $199,022.66 * If applicable = 36 End of Lease Purchase Option shall be FMV unless another option Is selected. + = Security (PLUS) First Period (PLUS) Other (EQUALS) Total Payment Deposit Payment Enclosed + _ $0.00 $0.00 + $0.00 = $0.00 TERMS & CONDITIONS Please read YOUR copy of this Lease carefully and feel free to ask US any questions YOU may have about it. Words "YOU" and "YOUR" refer to the "Lessee" and the words "WE", "US" and "OUR" refer to De Lage Landen Financial Services, Inc., the "Lessor" of the System. 1. LEASE WE agree to lease to YOU and YOU agree to lease from US, the equipment ("Equipment"), software ("Software") and/or services ("Services") (Equipment, Software and Services collectively referred to herein as the" System" which may consist of anyone solely or any combination thereof) listed above (and on any attached schedule) including all replace- ment parts, repairs, additions and accessories on the terms and conditions of this Lease and on any attached schedule. In order to maintain OUR rate of return, YOU authorize US to adjust the Lease Payments by not more than fifteen percent (15%) if the cost of the System or taxes is more or less than the supplier's and/or licensors estimate or if the System is not accepted within thirty (30) days of the date YOU sign the Lease. 2. TERM: The Lease goes into effect and the term of the Lease begins when it is signed and accepted by US (the "Commencement Date"). The first Lease Payment is due on the date WE accept the Lease or any later date designated by US. If WE designate the Lease Payments to begin later than the Commencement Date, YOU will pay an interim Lease Payment for use of the System for the period from the Commencement Date until the first Lease Payment due date, calculated on the amount of the Lease Payments, the number of days in the period, and a year of 360 days. Subsequent Lease Payments will be due as invoiced by US for successive months until the balance of the Lease Payments and any additional Lease Payments or expenses chargeable to YOU under this Lease are paid in full. YOUR obligation to pay the Lease Payments and other Lease obligations is absolute and unconditional and is not subject to cancellation, reduction, setoff or counterclaim. THIS AGREEMENT IS NON -CANCELABLE. 3. LATE CHARGES/DOCUMENTATION FEES: If a Lease Payment is not made when due, YOU will pay US, within one month, a late charge of 5% of the payment or $10.00, whichever is greater, but only to the extent permitted by law. Such amount shall be payable in addition to any and all amounts or monies payable by you as a result of the exercise of any of the remedies herein pmvided.YOU agree to pay US a fee of $150.00, plus 1/101h of one percent (1%) of the original System cost in excess of $50,000, to reimburse OUR expenses for preparing financing statements, other documentation costs and all ongoing administration costs during the term of this Lease. 4. DELIVERY AND ACCEPTANCE: YOU are responsible, at YOUR own cost, to arrange for the delivery and installation of the System (unless such costs are included in the cost of the System to US). YOU agree to accept the System when it is delivered and to sign the System Acceptance supplied by US. WE may at OUR discretion confirm by telephone that YOU have accepted the System and this telephone verification of YOUR acceptance of the System shall have the same effect as a signed System Acceptance. 5. USE, MAINTENANCE, REPAIR, SUPPLIES AND WARRANTIES, WE are leasing the System to YOU "AS -IS" and WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FUNCTIONALITY, PERFORMANCE, NON -INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. WE transfer to YOU for the term of this Lease all warranties, if any, made by the manufacturer. YOU ALSO ACKNOWLEDGE THAT NO ONE IS AUTHORIZED TO WAIVE OR CHANGE ANY TERM, PROVISION OR CONDITION OF THIS LEASE AND EXCEPT FOR THE MANUFAC- TURER WARRANTIES, MAKE ANY REPRESENTATION OR WARRANTY ABOUTTHIS LEASE ORTHE SYSTEM. WE SHALL NOT BE LIABLE FOR SPECIAL, RESULTING OR CONSEQUEN- TIAL DAMAGES OR LOSS OF PROFIT OCCASIONED BY ANY BREACH OF WARRANTY OR REPRESENTATION OR RESULTING FROM THE USE OR PERFORMANCE OF THE SYSTEM. YOUR OBLIGATION TO PAY IN FULL ANYAMOUNT DUE UNDER THE LEASE WILL NOT BEAFFECTED BY ANY DISPUTE, CLAIM, COUNTERCLAIM, DEFENSE OR OTHER RIGHT WHICH (Terms and Conditions continued an the reverse side of this Agreement.) I u agree toallof the Temtsand Conditions contained in both sides of this Lease, and in any attachments to same (all of hich are included by reference) and become part of Ibis Agreamerd You admowledga to have read and agreed to all the rms and Condigons and understand gut tlhis is a non-cancelahla agreenoal for the full term shown above. ou acknowledge th a leased eq ' ment is: NEW ❑ USED gnature Dan dntNarsus(� S'KA50�tle G�legal Name of orporatie rPartnership City of Sunny Isles Beach (AGREEMENT MUSTBE SIGNED BYWHORIZED CORPORATE OFFICER PARTNER OR PROPRIETOR) Lessor Signature Dale Print Name Title For DE LAGE LANDEN FINANCIAL SERVICES, INC.. Lease Number 500-50823891 Lease Commencement Date Vendor I.D. Number Page 1 of 2 429