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m <br />1%� <br />XEROX EQUIPMENT EQUITY PLAN (XEEP) <br />NEW PURCHASE ALTERNATIVE <br />A new alternative method of paying for <br />Xerox Equipment. Xerox can now finance <br />the purchase of equipment if capital <br />funds are not readily available. <br />TERM OF CONTRACT <br />New or remanufactured units may be <br />financed for a 2, 3, 4, or 5 year <br />term. This includes copiers, duplicators, <br />accessories, engineering, micro systems, <br />typing systems, and telecopiers. <br />Reconditioned units or option -to -purchase <br />units may be financed for 2 or 3 years. <br />DOWN PAYMENT <br />The minimum down payment is 10% of the <br />purchase price after Rental Credits or <br />any Xerox Trade -In Credit is deducted. <br />For commercial customers the 10% down <br />payment, sales tax, transportation, delivery, <br />and removal charges are due on or before <br />delivery of the purchased unit. State <br />and local customers will be billed as <br />appropriate. <br />MAXIMUM FINANCED AMOUNT <br />The maximum amount that will be financed <br />at any one time to a commercial customer <br />is 1.5 million or 10% of customer's net <br />worth when the balance exceeds $50,000. <br />FUND OUT CLAUSE <br />If Government customer, through no action <br />(30 DAY CANCELLATION) <br />of its own, fails to receive funding <br />appropriation from legislature body which <br />ordinarily provides its funds, customer <br />may cancel. Customer must provide 30 day's <br />prior written notice. Notice must state <br />lack of fund as reason for cancellation. <br />Equipment must be returned to Xerox in good <br />condition at customer's expense. Xerox <br />keeps all payments and recovers title. <br />RATES: <br />GOVERNMENT <br />Financed <br />Principal <br />Finance . <br />Rate <br />Tarn <br />(Mond a) <br />Avg Ma <br />Prin. Payment <br />Avg Ma <br />InL Payment <br />Total Mm <br />Payments' <br />$043.000 <br />7.75% <br />24 <br />$41.667 <br />$3.446 <br />$45.113 <br />36 <br />27.778 <br />3.443 <br />31.221 <br />48 <br />20.833 <br />3.462 <br />24.295 <br />60 <br />16.667 <br />3.489 <br />20.156 <br />S3.001-$15.000 <br />as <br />24 <br />41.667 <br />2.879 <br />44.546 <br />36 <br />27.778 <br />2.871 <br />30.649 <br />48 <br />20.833 <br />2.881 <br />23.714 <br />60 <br />11 fia <br />2.899 <br />19.566 <br />$15.001-350.000 <br />5.5 <br />41.667 <br />2.4 <br />44.095 <br />36 <br />27.778 <br />2.417 <br />30.195 <br />48 <br />20.833 <br />2.423 <br />23.256 <br />60 <br />16.667 <br />Z434 <br />19.101 <br />S50.001+ <br />5.25 <br />24 <br />41.667 <br />2.316 <br />43.983 <br />36 <br />27.778 <br />2.305 <br />30.083 <br />48 <br />20.833 <br />2-309 <br />23.142 <br />60 <br />16.667 <br />2.318 <br />18.985 <br />1064 <br />,\ <br />•Incluoss prince" anc mtehest <br />Tow mmntnly payment ■ ItOW monthly payment per $10001 x (number of St000 fenanao <br />Tow hnana Charge • Itow monthly payment a tern months) - rmanced pnn opal <br />