Hubbard & Biederman LLP

Important Information For A-1 Class Members

It is important that you review the terms of your lease with A-1 Leasing.

You should note that if you do not return your leased equipment to A-1 or purchase the equipment from A-1 at least sixty (60) days prior to the expiration of the lease term, A-1 will extend the lease for a year. In pertinent part, your lease agreement provides:

At the end of the Lease Term I have the following options:

1. I can promptly return the Equipment in good condition, except for ordinary wear and tear, to you or to the person and place you indicate, or
2. I can purchase the Equipment for the fair market value at that time as quoted by you plus any applicable taxes, or
3. I can extend upon all the terms and conditions as stated herein for a period of one year from its expiration date without the necessity of the execution of any further instrument or document.

I will notify you in writing as to which I choose at least 60 days but not less 120 days before the expiration of the Lease. . . Unless I notify you in writing of which option I choose 60 days prior to the expiration of the Lease, I shall be deemed to have chosen option 3 (Automatic Renewal for one year). . .

You will need to contact A-1 to make your end of lease arrangements.