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5. Descript[on of Equipment <br />NER'! <br />TY. 1\•IRR. E UIPilIENT DESCRIPTION USED SERIAL NO. <br />(See Attachment) <br />6. Rent <br />(a) Lease Term 36 months <br />(b) Amount of Periodic Rent: $14,463.58 <br />(c) Payment Period: <br />X monthly quarterly <br />(d) Options: So fang as no default has occurred, lessee may purchase the equipment at lease end for 51.00. <br />7. Casualty Value <br />The Casualty Value for any Item shall be the greater of the cost to replace the Item with like Equipment of tha <br />same or a later model, and in good repair, condition and working order, or an amount equal to the Cost of the Item <br />multiplied by the applicable percentage set forth in the attached Schedule 1. <br />IN ~VITATESS WHEREOF, the parties have caused this Equipment Schedule to be duly executed as of the date first <br />above written. <br />LESSOR: ONTARIO INVESTMENTS, INC. LESSEE: CABARRUS COUNTY <br />By: <br />By: <br />Its: Its: <br />Attachment number 5 <br />F-6 Page 178 <br />