Rapid Prototyping Equipment Financing
NCP Leasing, Inc. Lease Documents

A complete lease begins with a Master Lease Agreement, which lays out the terms and conditions that apply to all lease transactions.  Each transaction is summarized on a Schedule that identifies the specifics of the particular transaction.  Depending on the nature of the transaction, other documents may be necessary and could include an Acceptance Certificate, Landlord's Waiver, Secured Lender's Waiver, Certificate of Incumbency, and Evidence of Insurance.

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EQUIPMENT LEASE & SCHEDULE between NCP LEASING, INC. (LESSOR)
and
ABC PROTOTYPING COMPANY (LESSEE)
One Main Street
City, State  12345

NCP LEASING, INC. (LESSOR) hereby leases to the Lessee named above, and the Lessee hereby leases from the Lessor, the Equipment described below upon the terms and conditions set forth herein and in the Master Agreement of Terms and Conditions dated _______________ between Lessor and Lessee.  The Lessee and Lessor affirm and incorporate by reference the Master Agreement of Terms and Conditions which shall apply to this Equipment Lease and Schedule as if included herein.

ITEM NO.	QTY	MACHINE/ FEATURE	SERIAL NUMBER	DESCRIPTION	MONTHLY RENTAL	PURCHASE PRICE
1	1	3333-4444	67890	RAPID PROTOTYPING MACHINE	Months 1 - 12 $15,000 Months 13 - 18 $17,500 Months 19 And On $20,000 Purchase Option Accural 50% Maximum Cumulative Accrual 40%	$400,000

1.  FIRST FULL MONTHLY PAYMENT DATE:	JUNE 1, 2007
2.  LEASE TERM:	THIRTY-SIX (36) MONTHS
3.  LAST FULL MONTHLY PAYMENT DATE:	MAY 1, 2010
4.  LEASE TERMINATION DATE:	MAY 31, 2010
5.  EQUIPMENT LOCATION:	ABC PROTOTYPING COMPANY One Main Street City, State 12345
6.  END OF LEASE TERMS: (Provided no Event of Default has occurred and is continuing)	A.  RETURN THE EQUIPMENT TO THE LESSOR B.  RENEW THE LEASE AT FAIR RENTAL VALUE C.  PURCHASE THE EQUIPMENT AT FAIR MARKET VALUE
7.  THE FOLLOWING ADDENDUM SHALL BE APPLICABLE TO AND CONSTITUTE A PART OF THIS LEASE

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Addendum — Purchase Option Accruals For Schedule 123-02

Month	Rent	Cumulative Rent	50% Accrual	Cumulative Accrual	Purchase Option	Purchase %
1	$15,000	$15,000	$7,500	$7,500	$392,500	98%
2	$15,000	$30,000	$7,500	$15,000	$385,000	96%
3	$15,000	$45,000	$7,500	$22,500	$377,500	94%
4	$15,000	$60,000	$7,500	$30,000	$370,000	93%
5	$15,000	$75,000	$7,500	$37,500	$362,500	91%
6	$15,000	$90,000	$7,500	$45,000	$355,000	89%
7	$15,000	$105,000	$7,500	$52,500	$347,500	87%
8	$15,000	$120,000	$7,500	$60,000	$340,000	85%
9	$15,000	$135,000	$7,500	$67,500	$332,500	83%
10	$15,000	$150,000	$7,500	$75,000	$325,000	81%
11	$15,000	$165,000	$7,500	$82,500	$317,500	79%
12	$15,000	$180,000	$7,500	$90,000	$310,000	78%
13	$17,500	$197,500	$8,750	$98,750	$301,250	75%
14	$17,500	$215,000	$8,750	$107,500	$292,500	73%
15	$17,500	$232,500	$8,750	$116,250	$283,750	71%
16	$17,500	$250,000	$8,750	$125,000	$275,000	69%
17	$17,500	$267,500	$8,750	$133,750	$266,250	67%
18	$17,500	$285,000	$8,750	$142,500	$257,500	64%
19	$20,000	$305,000	$10,000	$152,500	$247,500	62%
20	$20,000	$325,000	$7,500	$160,000	$240,000	60%
21	$20,000	$345,000	$0	$160,000	$240,000	60%
22	$20,000	$365,000	$0	$160,000	$240,000	60%
23	$20,000	$385,000	$0	$160,000	$240,000	60%
24	$20,000	$405,000	$0	$160,000	$240,000	60%
25	$20,000	$425,000	$0	$160,000	$240,000	60%
26	$20,000	$445,000	$0	$160,000	$240,000	60%
27	$20,000	$465,000	$0	$160,000	$240,000	60%
28	$20,000	$485,000	$0	$160,000	$240,000	60%
29	$20,000	$505,000	$0	$160,000	$240,000	60%
30	$20,000	$525,000	$0	$160,000	$240,000	60%

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