ESIGNED Lease 951255
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EXHIBIT G (California <strong>Lease</strong> Disclosures)<br />
<strong>Lease</strong> Disclosures For California Residents Only<br />
THE CALIFORNIA PUBLIC UTILITIES CODE SECTION 2869 REQUIRES THAT WE PROVIDE CALIFORNIA RESIDENTS WITH THE<br />
FOLLOWING DISCLOSURES. THE ANSWERS TO THE FOLLOWING QUESTIONS ARE NOT INTENDED TO ANSWER ALL<br />
QUESTIONS YOU MAY HAVE ABOUT THE LEASE AND ONLY SUMMARIZE CERTAIN TERMS OF THE LEASE. PLEASE READ<br />
THE TERMS OF THE LEASE CAREFULLY, AS THE TERMS OF THE LEASE, AND NOT THIS DISCLOSURE, WILL LEGALLY BIND<br />
YOU AND GOVERN YOUR RELATIONSHIP WITH THE LESSOR. IN THE EVENT THIS DISCLOSURE IS INACCURATE OR<br />
INCONSISTENT WITH THE LEASE, THE TERMS OF THE LEASE ARE CONTROLLING.<br />
1. How much energy will the System deliver? The Lessor estimates, but does not guarantee, that 93310 to 103137 kilowatt<br />
hours of electric energy will be delivered over the term of the <strong>Lease</strong>. SunPower Corporation, Systems has provided you a Production<br />
Guarantee and Limited Warranty that commences at the same time as the <strong>Lease</strong>. Please consult the Production Guarantee and<br />
Limited Warranty for details on guaranteed output.<br />
2. How does the pricing in the <strong>Lease</strong> work? The pricing and monthly payments are described in the Federal Consumer<br />
Leasing Act Disclosures provided with the <strong>Lease</strong>. The Lessor estimates that the approximate price per kilowatt hour of electric energy<br />
supplied over the life of the <strong>Lease</strong> with the ACH discount will be $0.22 per kilowatt hour.<br />
3. Who maintains and operates the System? As the lessee of the System, you are primarily obligated to notify the Lessor if<br />
the System isn’t working properly. Lessor, as owner of the System, will be responsible for any necessary maintenance and operation of<br />
the System. Lessor will ensure that the System is protected against damage, theft, destruction, confiscation, requisition, inoperability or<br />
incapacity unless you damage or destroy the System intentionally or through your gross negligence, in which case you will be<br />
responsible.<br />
4. What happens if I sell my home? If you sell your home you may either:<br />
(a) purchase the System and any unexpired warranties AS IS, WHERE IS for a purchase price equal to the Remaining Value<br />
Amount (as defined in the <strong>Lease</strong>); or<br />
(b) require the buyer as a condition of the sale of your home to apply to assume all of your obligations under this <strong>Lease</strong>, subject to<br />
Lessor’s approval as described in the <strong>Lease</strong>. If you elect this option (b) and the buyer is approved, your remaining obligations under<br />
the <strong>Lease</strong> will cease.<br />
If you sell your home and do not either purchase the System consistent with above option (a) or assign the <strong>Lease</strong> consistent with above<br />
option (b), then you will be in default under this <strong>Lease</strong> and Lessor will be entitled to do one or more of the following:<br />
(1) terminate this <strong>Lease</strong> and your rights to possess and use the System;<br />
(2) suspend Our performance under the <strong>Lease</strong>;<br />
(3) take any reasonable action to correct your default or prevent Our loss; any amount We pay will be owed by you and<br />
immediately due;<br />
(4) require you, at your expense, to return the System or make it available to Us in a reasonable manner;<br />
(5) proceed by appropriate legal action, to enforce performance of this <strong>Lease</strong> and recover damages for your breach;<br />
(6) turn off or take back the System by legal process or self-help, as long as We do not disturb the peace or violate the law;<br />
(7) recover the Early Termination Liability (as defined in the <strong>Lease</strong>) and all any reasonable amounts We pay to correct or cover<br />
your default, including costs and expenses incurred by Us relating to the System’s return; and<br />
(8) pursue any other remedy available to Us in this <strong>Lease</strong> or by law.<br />
5. What happens at the end of the <strong>Lease</strong>? At the end of the <strong>Lease</strong>, if you are not in default, you will have two options:<br />
(a) You may extend the <strong>Lease</strong> term. The rental rate for any extended term will be provided to you in writing by Lessor. If you<br />
wish to exercise this option, you have to notify the Lessor at least 60 days but not more than 180 days before the original <strong>Lease</strong> term<br />
expires. If you extend the <strong>Lease</strong> term, the System will remain in place until the extended <strong>Lease</strong> term has expired; or<br />
(b) Upon notice to Lessor, request that Lessor remove the System.<br />
Exhibit-14<br />
<strong>Lease</strong> #: <strong>951255</strong> 5/2016 Rev 1.0