Lease-to-Own Vehicle Agreement On The Top Security (O.T.T.) This Lease-to-Own Vehicle Agreement (“Agreement”) is made and entered into on 4/7/25], by and between: • Lessor: On The Top Security (O.T.T.) • Lessee: Jamiya Conley • Vehicle Description: Nissan Murano, 2004, VIN:JN8AZ08TX4W222383 ⸻ 1. Payment Terms & Schedule 1.1 Total Cost of Vehicle: $3,000 with no money paid up-front. 1.2 Payment Term: The Lessee agrees to pay the total amount within 8 months from the start of this Agreement. 1.3 Payment Schedule: Payments shall be made biweekly as follows: • $250 lease payment every two weeks until the full balance is paid. • $50 insurance payment every two weeks until the balance is paid. 1.4 Total Biweekly Payment Amount: $300 1.5 First Payment Due Date: April 21, 2025 1.6 Final Payment Due Date: September 22, 2025 1.7 Payment Deduction: All payments will be automatically deducted from the Lessee’s payroll on each payday. If for any reason the Lessee does not earn sufficient wages to cover the deduction, the remaining balance is due immediately. ⸻ 2. Vehicle Usage & Restrictions 2.1 Work Purposes Only: The vehicle is an additional asset for work shifts assigned by On The Top Security (O.T.T.). It may be used for personal errands, transporting others, or non-work-related commuting. ⸻ 3. Driver’s License Requirement 3.1 The Lessee must have a valid driver’s license within two (2) weeks from the date of this Agreement. 3.2 Failure to obtain a license within the specified period will result in immediate termination of this Agreement. ⸻ 4. Maintenance & Repairs 4.1 Lessee’s Responsibility: The Lessee is responsible for all vehicle maintenance, including but not limited to: • Regular oil changes • Tire rotations and replacements • Brake inspections and repairs • Any other necessary upkeep to keep the vehicle in operable condition. Lessor is to be notified of maintenance needs to use preferred mechanic. 4.2 Failure to Maintain Vehicle: If the Lessee neglects maintenance, causing damage or operational failure, they will be held financially responsible for repairs. ⸻ 5. Completion of Lease & Vehicle Ownership Transfer 5.1 Ownership Transfer: Once the full balance of $3,000 is paid, including all required insurance payments, the Lessee will be granted ownership of the vehicle and provided with a title transfer. 5.2 Compliance Requirement: The Lessee must adhere to all terms of this Agreement for the title transfer to be completed. ⸻ 6. Termination & Forfeiture of Funds 6.1 Agreement Violation: The Agreement will be terminated if the Lessee: • Fails to maintain the vehicle properly. • Fails to obtain a valid driver’s license within two weeks. • Misses payments or fails to pay the total balance within the agreed term. 6.2 Forfeiture of Payments: If the Agreement is terminated, all funds paid by the Lessee will be forfeited and will not be refunded. 6.3 Vehicle Repossession: The vehicle will be immediately repossessed by On The Top Security (O.T.T.) if the Lessee violates any terms of this Agreement.