CANON imageRUNNER ADVANCE C3530 Rent-To-Own (2-year contract)

PRINTER RENT-TO-OWN AGREEMENT (2-YEAR TERM)

This Printer Rent-to-Own Agreement (“Agreement”) is entered into by and between:

LESSOR/SELLER:

FAMTECH INNOVATIVE IT SOLUTIONS

Blk. 21 Lot 29 Phase II, BBF-HOA, Brgy. Francisco Homes-Narra,

City of San Jose del Monte, Bulacan, Philippines 3023

Mobile: 0968-614-0597

Email: inquiry@famtech-innovative.com

LESSEE/BUYER:

Address: ___________________________________

Collectively referred to as the “Parties.”

1. Equipment Description

Famtech leases to the Customer the following equipment (“Equipment”):

• Printer Model: Canon imageRUNNER C3530

• Serial Number: ___________________________

• Accessories: ____________________________

2. Term and Ownership Transfer

• The rent-to-own term shall commence on __________________ and continue for two (2) years, depending on the approved contract duration.

• Upon completion of all scheduled rent-to-own payments and applicable charges, ownership of the Equipment shall automatically transfer to the Lessee, and Famtech shall issue a Deed of Sale or Certificate of Ownership.

• The certificate shall serve as proof that all payments have been completed and ownership has officially transferred from Famtech to the Lessee.

3. Rent-to-Own Payments

• Monthly Rental Fee:

• • ₱5,200.00 per month for a 2-year (24-month) contract.

• Payment Schedule: Due on or before the ______ day of each month.

• Mode of Payment: Through post-dated checks (PDCs) corresponding to the full contract term (24 PDCs).

• Security Deposit:

  • A ₱40,000.00 refundable deposit shall be paid before delivery and prior to issuance of PDCs.

  • The deposit shall serve as security and may be applied against any unpaid rentals, click charges, penalties, or damages at the end of the contract.

4. Click Charge Billing (Actual Print Consumption)

• The Lessee shall be billed monthly based on actual print usage, as read from the printer’s meter/counter during Famtech’s monthly maintenance visit.

• Click Charge Rates:

  • ₱4.00 per page for color prints

  • ₱0.50 per page for monochrome prints

• The click charge covers only the consumption of ink consumables; paper is not included and shall be billed separately based on actual purchase or delivery.

• A Click Charge Billing Statement shall be issued immediately after the monthly reading.

• Payment Method: The Lessee shall pay the click charge via bank transfer immediately upon issuance of the billing statement.

• Official Receipt: Famtech shall issue an official receipt upon confirmation of payment.

• Late Payment Interest: Every day of delay in paying the click charge shall incur a 2% daily interest on the outstanding balance until fully paid.

5. Late Payment, Suspension, and Forfeiture

• Missed Payment (1 month):

  If the Lessee fails to pay one (1) monthly rental or click charge bill, Famtech may temporarily suspend all supply of consumables (inks, printheads, and paper rolls) until all outstanding balances are settled.

• Three (3) Consecutive Missed Payments:

  Failure to pay for three (3) consecutive months constitutes default.

  • Famtech shall have the right to pull out the Printer immediately without prior notice.

  • The contract shall be automatically forfeited, and all outstanding balances, penalties, and charges shall be deducted and forfeited from the ₱40,000.00 deposit.

• Continuing Consumable Supply:

  Famtech may, at its discretion, continue to supply consumables temporarily during the delinquency period to prevent work disruption, but the contract will still be considered in default after three (3) months of non-payment.

6. Security Deposit, Advance Payment, and Cancellation

• The ₱40,000.00 deposit shall cover unpaid rentals, click charges, penalties, or damages as applicable.

• If the Lessee cancels the contract for reasons not related to equipment functionality, a cancellation fee equivalent to one (1) month’s rental shall be charged.

• Cancellation before contract completion shall result in forfeiture of the deposit and all paid amortizations, unless Famtech is proven at fault.

7. Delivery, Installation, and Orientation

• Free delivery, installation, and basic user training within Metro Manila (NCR).

• Deliveries outside NCR are subject to additional logistics fees.

• Delivery shall be made within 15 business days upon receipt of the security deposit and issuance of PDCs, subject to stock availability.

8. Maintenance and After-Sales Support

• Preventive Maintenance: Conducted once every month throughout the lease term, inclusive of meter reading, calibration, and system check-up.

• Service Response:

  • Remote support within four (4) hours of service request receipt.

  • On-site service within the next business day for NCR clients.

• Any damage due to negligence, power fluctuations, or misuse shall be charged to the Lessee.

9. Consumables and Billing

• Ink and Printheads: ₱35.00 per ML per color, billed based on actual usage.

• Paper Rolls: Sold separately per Famtech’s official price list (fixed for 1 year, subject to annual review).

• Ink replenishment is permitted only when ink levels reach 20% or below.

10. Insurance and Liability

• The Lessee shall maintain insurance for the printer’s replacement value during the entire lease term.

• Famtech shall not be held liable for downtime, loss of data, or business interruptions caused by delayed payments, misuse, or external factors beyond its control.

11. Default and Termination

Famtech may terminate this Agreement and repossess the Equipment if the Lessee:

• Fails to pay three (3) consecutive rental or click charge invoices;

• Breaches any provision of this Agreement; or

• Misuses, alters, or relocates the Equipment without written authorization.

The Lessee may terminate the Agreement early by giving 30 days’ written notice and paying an early termination fee equivalent to one (1) month’s rental, subject to Famtech’s approval.

12. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

Both Parties agree to resolve any disputes through amicable negotiation or mediation prior to initiating legal action.

13. Confidentiality

Both Parties shall maintain strict confidentiality over all business, operational, and financial information shared during the term of this Agreement.

14. Amendments

Any amendment, revision, or modification of this Agreement must be in writing and signed by both Parties to be valid and binding.

15. Signatures

FAMTECH INNOVATIVE IT SOLUTIONS

Authorized Signature: ___________________________

Name & Position: ___________________________

Date: ___________________________

LESSEE/BUYER

Authorized Signature: ___________________________

Name & Position: ___________________________

Date: ___________________________