25B - AGMT FOR PRINTING AND COPIERS

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all billing must be invoiced in the name of the Contractor or their Authorized Dealer, and all contractual obligations shall remain with the Contractor. b) A Purchasing Entity may lease or rent Equipment pursuant to the terms and conditions identified herein. c) Lease and rental agreements shall not be subject to automatic renewals. d) In the event that the term of a lease or rental agreement extends beyond the tern of the Participating Addendum, the terms and conditions of this Master Agreement and Participating Addendum shall continue to apply. e) A lease or rental agreement issued prior to the termination of this Master Agreement and Participating Addendum, shall survive the termination of this Master Agreement and the Participating Addendum. f) With the exception of a $1 Buyout Lease arrangement, or unless exercising the purchase option on an FMV Lease, a Purchasing Entity shall return the Equipment at the end of the Initial Lease or Rental Term, or at the end of the Renewal Lease or Rental Term, or the Contractor may pick the Equipment up, without any further financial obligations to the Purchasing Entity. g) Equipment pickups must be performed within thirty (30) calendar days of the end of the Initial or Renewal Term. h) Equipment returns must be performed within thirty (30) calendar days after the Contractor or Authorized Dealer provides return shipping instructions to the Purchasing Entity. i) Contractor shall be responsible for all Product pickup and return costs. j) The maximum term on any Initial Lease Term shall be 60 months, with the exception of Group C Devices, which shall have a maximum term of 84 months, and with the exception of Short - Term Leases, which shall have a maximum term of 12 months. k) The length of a Renewal Term shall be at the discretion of the Participating State or Entity, but at no time shall the Renewal Term exceed the Useful Life of the Equipment. 1) All Renewal Terms shall be billed on a monthly basis. 4.5.7. Leasing and Rental Options a) FMV Lease i) A Purchasing Entity shall have the option to enter into an Initial Lease Term of 12, 18, 24, 36, 48 or 60 months for Group A, Group B, Group C, Group D, and Group F, at the discretion of the Participating State or Entity. In addition, a Participating State or Entity may elect to enter into 72 and 84 month terms for Group C only. ii) Upon the expiration of the Initial Lease Tern, a Purchasing Entity may do one of the following: 1) Exercise their purchase option; 2) Renew the lease on a month to month basis, or a 12-month basis, at the discretion of the Participating State or Entity; or 3) Return the Equipment to the Contractor, or have the Contractor pick the Equipment up. Page 34 Copiers and Managed Pdnt services - RFP-NP-18-001, NASPn —Pyet ptastar Agreement Terms and Conditions, CMS R 140603