The total lease cost prepaid upfront including twenty-four (24) months minimum required lease is seventy-two thousand ($72,000.00) USD. In addition, a security deposit equal to six (6) months of the lease or eighteen thousand ($18,000.00) USD will be required. Finally, the lease will require a minimum of ten thousand ($10,000.00) USD for two-way shipping within the 48 contiguous United States (excluding Alaska and Hawaii), also known as two (2) full shipping credits. The minimum due for this lease known as the Lease is one-hundred thousand ($100,000.00) USD due upon final execution and lease commencement by Manufacturer and Lessee’s.
The total lease cost prepaid upfront including, twenty-four (24) months minimum required lease is, one-hundred thousand eight hundred ($100,800.00) USD. In addition, a security deposit equal to six (6) months of the lease of twenty-five thousand two hundred ($25,200.00) USD will be required. Finally, the lease will require a minimum of ten thousand ($10,000.00) USD for two-way shipping within the 48 contiguous United States (excluding Alaska and Hawaii), also known as two (2) full shipping credits. The minimum due for this lease known as the Lease is one-hundred thirty-six thousand ($136,000.00) USD due upon final execution and lease commencement by Manufacturer and Lessee’s.
This is a prepaid and guaranteed lease of twenty-four (24) months minimum between the Manufacturer and the Lessee’s at the time of each individual order container unit being placed. Each container unit will be identified with a Manufacturer’s seal and contain a unique identifier known as a serial number and will be known as the Manufacturer seal plate. Each unit and serial number given will be referenced in the lease and secured as the collateral and guaranteed by this lease.
The lease will offer an additional extension clause upon Lessee’s request and final approval granted from Manufacturer. There is one (1) buyout option or purchase option available to Lessee’s and only if the Lessee’s complete all sixty (60) month lease terms and only at the end of the third (3rd) extension of the lease with completion of the third (3rd) extension term. Unless the Lessee’s successfully complete all five (5) years or pre-purchases the container suite unit, the Manufacturer owns the asset wholly, along with its listed contents in this lease, one hundred percent (100%) and will only offer a renewal or extension of up to one (1) year or twelve (12) month increments maximum, before approving any further additional extensions and only once the initial twenty-four (24) month lease is finalized and completed in full. Each one (1) year extension granted and/or approved will be prepaid in-full at the time the extension is granted and/or approved and executed by both the Manufacturer and Lessee’s and will include an additional half (0.5) shipping credit per one (1) year. Each initial twenty-four (24) month term and any additional one (1) year extension term will be warrantied for up to a full term, but not to exceed the maximum of five (5) leased years in total. If the Lessee’s wish to continue leasing longer than five (5) years and Manufacturer approves and/or grants the extension, then the client will need to sign a completely new lease, based on original lease terms by Manufacturer. Manufacturer will replace the original container unit and exchange it for a new container unit. The security agreement will be based on the new container unit’s serial number. All other conditions will remain in effect and the same as the original executed and signed lease. If the Lessee’s decided to buy out the lease for one dollar ($1.00) USD, then the Manufacturer will approve after the final third (3rd) extension has been completed and no warranty will apply after the lease term(s) are completed and the client has purchased the asset.