ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

Purchase Option
Lease #: _____ _
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the Lessor and Lessee agree as follows:
Lessee shall have the first right, but not the obligation, to purchase all but not less than all of the
equipment (the -Equipment") leased by Lessee pursuant to the above referenced lease (the "Leasej
in its AS IS, WHERE IS CONDITION, WITH ALL FAULTS AND DEFECTS, BOTH LATENT AND
PATENT, WITH NO REPRESENTATION OR WARRANTIES WHATSOEVER, EITHER
EXPRESSED OR IMPLIED OF ANY KIND, INCLUDING BUT NOT LIMITED TO WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTl'CULAR PURPOSE upon expiration of the Lease
term. The Equipment may be purchased for irs then fair market value, but shall not exceed a price,
including sales tax, that is equivalent to successive monthly payments,
including tax, under the Lease (the "Purchase Price"). In the event this Purchase Option is exercised,
Lessee shall pay the Purchase Price monthly over the term of ; successive months
upon exercise hereof. The Purchase Price is a price, which the Lessee and the Lessor reasonably
believe represents the then fair market value that the equipment will have at the end of the lease.
Upon receipt by the Lessor of the full Purchase Price, Lessor will furnish Lessee with a bill of sale
warranting good title to the Equipment, but accepting any impairment thereof by reason of any acts by
the Lessee or those making claim against the Lessee. The bill of sale will also provide that the
Equipment is being sold to the Lessee "As is, where is, and without any warranties, express or
implied".
Concurrent with the execution of this Purchase Option the Lessee and Lessor agree that paragraph
11. of the Lease captioned "Holdover" is hereby deleted from the Lease as if such paragraph 11. of
the Lease never existed.
The Lessor shall, at least Sixty (60) days prior to the expiration of the Lease, notify the Lessee, in
writing of this option to purchase and the Lessee shall then elect to retum the equipment per the
terms of the Lease or to exercise this Purchase Option.
If this document is executed by you and thereafter sent to us by facsimile transmission, then until
such time as we have received this document with your manual signature thereon, such facsimile
transmission shall constitute, upon acceptance and execution by us in our Offices, the Original
document and chattel paper and shall be admiSSible for all purposes as the original documenl You
agree to promptly forward to us the document with your manual signature thereon and upon receipt
by us this document with your manual signature thereon shall constitute the chattel paper in lieu of
such facsimile transmission.
Lessor. ________________________________________________________ _
Signed By: ________________ ---:. ________________ _
(Print name and title) (Date)
Lessee: ________________________________________________________ _
Signed By: _________________________ _
(Print name and title)
(Date)
Revised 611112003