EQUIPMENT LEASE TO OWN AGREEMENT

This equipment lease is made effective as of _____________between
JSK Trucking Company Inc and _________________ states the agreement of the parties as follows:

Equipment subject to lease: 

____________________________________________________________

Payment terms: $___________ down payment (non-refundable) is due at the present time and $___________ per week for the duration of _______ weeks, with last payment due on _____________.

Security Deposit/Escrow: In addition to the lease payment, the buyer should pay a security deposit of __________________ within a twelve-month period. The deposit will be used towards the final and full payment, or it will be returned to the buyer at the time this equipment is fully paid off. This security deposit is not refundable in case of early termination of the lease, damage to this equipment, or any other charges. 

Additional Terms and Conditions on the Contract:

•	The buyer agrees to lease the equipment with J.S.K. Trucking Company Inc and cannot lease, or work for another company until the equipment is paid off.
•	The buyer agrees to maintain physical damage and liability insurance at their own expense.
•	The buyer agrees to maintain the equipment in proper and safe mechanical condition at their own expense which includes to bring a minimum of one company inspection report per month
•	The buyer agrees to make a monthly payment on time. In the case of being two months late on paying, the buyer will return the truck to the seller in acceptable and good condition at the buyer's expense. 
•	Down payments and all monthly payments will not be refunded at any time if the buyer does not comply with the terms and conditions of the seller.
•	The seller maintains the right to alter any of the terms, or conditions in the contract.
•	The buyer agrees to pay any and all additional expenses including, but are not limited to: attorney fees, legal fees, or any other fees that the seller may incur due to the buyers negligence, or fault.

The above equipment is sold “AS IT IS’ condition ____________ and the seller does not give any warranty of the vehicle in any respect to either expressed, or implication and without limiting the generality of the foregoing. The seller expressly disclaims any implied warranty of the merchantability, fitness, or adequacy for any purpose of use, productiveness, or capacity.

_________________		_________________		________________

J.S.K. Trucking Company	Buyer				Witness

_________________		_________________		________________

Date				Date				Date