| The Studio Vehicle Leasing Program
leases vehicles exclusively to companies in the entertainment industry
for executive use.
The term of each lease is twelve (12) months. The lessee is responsible
for lease fees (billed monthly), DMV registration fees, scheduled
vehicle maintenance, and insurance (liability insurance, single
limit not less than $1,000,000 with DaimlerChrysler Corporation
as loss payee and as additional insured).
All vehicles are fully covered under DaimlerChrysler Corporation's
New Car Warranty. At the end of the lease, there is no further obligation
on the part of the lessee; i.e. no balloon payments or mileage penalties.
Vehicles are turned in at the end of the 12 month period, or new
vehicles can be ordered to replace last year's model.
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