GMAC Transfer of Vehicle Lease Obligation Agreement with General Bio Energy Inc. and Con Shenher Insurance (Canada)

Contract Categories: Real Estate › Lease Agreements
Summary

This agreement, dated November 14, 2008, documents the transfer of a vehicle lease for a 2008 GMC Sierra from Con Shenher Insurance and Investments Inc. to General Bio Energy Inc. (operating as Canadian Green Fuels), with Conrad Michael Shenher as the new co-lessee. The new lessees agree to assume all obligations of the original lease, including a monthly payment of $1,002.78 until the maturity date of September 27, 2010. A processing fee applies, and the vehicle requires recall repairs. The agreement is facilitated by GMAC Leaseco Corporation.

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EX-10.6 7 cleanpowerexh10_6.htm CLEAN POWER CONCEPTS 8K, VEHICLE LEASE, GMAC cleanpowerexh10_6.htm
Exhibit 10.6
 
GMAC
 
TRANSFER OF LEASE OBLIGATION - CANADA
 
DATE: November 14, 2008
ACCOUNT NUMBER: 242-9120-65072                                 LESSEE: Con Shenher Insurance
VIN:    1GTHK23668F116143                       CO-LESSEE
Vehicle:  2008 GMC Sierra
 
The original Lessee and any Co-Lessee assign all of their rights and interest in this Lease Agreement (copy attached) to the person(s) named below as New Lessee and New Co-Lessee (if any).
 
The New Lessee and any New Co-Lessee agree to assume the obligations of this Lease Agreement (copy attached) and to perform all of those obligations.
 
The monthly payment will be  $1,002.78
This monthly payment is based on:
 
BASE MONTHLY PAYMENT         $911.62
GST/HST:                                               $45.58
PST/QST:                                               $45.58
OTHER:
MATURITY DATE. September 27, 2010
GMAC requires a processing fee of, $450.00 + $22.50 GST for the transfer.
 
Open recall number 07293 & 08142 (ECM EEPROM - REPROGRAM ECM) - NEEDS TO BE REPAIRED
 
GMAC LEASECO CORPORATION
 
 
By: /S/Nicholas Papadopoulos  GMAC
Name: Nicholas Papadopoulos
Date: 12/04/08 (Dec 04, 2008)
 
 
ORIGINAL LESSEE:      ORIGINAL CO-LESSEE  
Signature: X /S/ Michael Shenher_____________        
    
Signature: X_____________________________________
  
Name: Con Shenher Insurance and Investments Inc      
    
Name:
  
Date: November 14, 2008 
    
Date: November 14, 2008
  
         
         
NEW LESSEE      NEW CO-LESSEE  
         
Signature: X /S/ Michael Shenher_____________     Signature: X /S/ Con Shenher_________________  
Name: General Bio Energy Inc. o/a Canadian Green Fuels     Name: Conrad Michael Shenher  
Date: November 14, 2008     Date: November 14, 2008  
 
GMAC Leaseco Corporation
2400 – 10155 102 Street, Edmonton, AB   T5J 4G8
Telephone ###-###-####     Fax. (780) 970-5810