Financial EOL Options Letter

FINANCIAL EOL OPTIONS LETTER

Date:

From

To

Asset / Agreement Information

Description of asset(s):

Original agreement date:    Lease start:    Lease end:

Financial Summary (Estimated)

Outstanding principal / balance: $

Estimated taxes and fees: $

Manufacturer residual / contractual purchase price: $

Estimated early termination fee (if applicable): $

Estimated total to acquire (purchase option): $

End-of-Term Options (Choose one)

The following options are offered pursuant to the terms of the agreement. Select the desired election, sign and return this letter by the Election Deadline below. If multiple boxes are selected, Company may treat the last selection received as controlling.

Purchase the asset(s) at contractual residual/purchase price plus applicable taxes and fees. Payment due within days of acceptance.

Return the asset(s) to Company in accordance with return instructions. Client is responsible for reasonable return condition, any excess wear-and-use charges, and return shipping unless otherwise stated below.

Extend or renew the agreement for an additional term of months at a rate of $ per month. Extension subject to credit approval.

Trade-in / upgrade: Client elects to return the asset(s) in exchange for a new agreement. Trade-in credit (estimated): $ . New terms to be agreed in a separate agreement.

Other:

Election Deadline and Instructions

Election Deadline: Client must return an executed copy of this letter or submit written notice electing the desired option no later than . Absent timely election, Company reserves all rights under the agreement, including assessment of disposition charges or other remedies.

Terms and Conditions

Payment: All amounts due pursuant to an elected option shall be payable in immediately available funds. Payment not received by the due date will accrue interest at the lesser of 1.5% per month or the maximum lawful rate. Client shall remain liable for costs of collection, including attorneys' fees and court costs, if applicable.

Taxes and Fees: Client is responsible for any sales, use, excise, registration, or other governmental charges arising from the transaction unless otherwise agreed in writing. Estimates provided in this letter are for planning purposes and are not final until invoiced.

Inspection and Condition: If Client elects to return the asset(s), Company may inspect them upon receipt. Client will be charged for damage beyond normal wear and tear and for missing parts, accessories, or documentation.

Default and Remedies: Failure to comply with these terms or the underlying agreement gives Company all remedies available under the agreement and at law or equity. Remedies are cumulative and not exclusive.

Representations and Authority: Client represents that the individual executing this Election has full authority to bind Client to the selected option and that no other consents are required.

Governing Law and Dispute Resolution: This election and any resulting transaction will be governed by the substantive laws stated in the underlying agreement. Disputes will be resolved pursuant to the dispute resolution provisions of the underlying agreement, if any.

Confidentiality: The terms of this letter are confidential; disclosure to third parties is permitted only as required by law or with prior written consent of Company.

Acknowledgement and Election

By signing below, Client acknowledges receipt of this Financial EOL Options Letter, confirms understanding of the estimated amounts and applicable terms, and elects the option(s) selected above. Client agrees to be bound by the terms herein and by any applicable provisions of the underlying agreement.

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