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Lynxource North American Rental Guarantee Certificate

Please note this Certificate is not valid unless signed.

COPY OF CERTIFICATE OF LIMITED CO-SIGNING


This Certificate of Limited Co-Signing is issued by Lynxource Corporation (an Arizona Corporation, (hereinafter Lynxource or Company) to
the Landlord listed in the Attached Numbered Reporting Form (the Form) in consideration of the fee paid by the Tenant, listed on the Form,
effective as of the Contract Start Date on the Form covering the Property Address & Unit Number listed on the Form.
1. Monthly Rent Amount. This agreement is for a unit that rents for a Monthly Rent Amount listed on the Form. Any amounts paid by
Lynxource to Landlord are based on the Monthly Rent Amount.
2. Payment Upon Default. Lynxource agrees to pay Landlord, lost rents, in the event that the Tenant defaults under the terms of his/her lease
contract according to the terms and conditions listed herein.
a. In the event that a Tenant defaults, Lynxource shall pay the rent on the Property Address & Unit Number until it is re-let, until the lease
expires, or until Lynxources obligations expire under the terms of this Rental Guarantee, whichever shall occur first.
b. In the event of default, Landlord shall apply the balance of the security deposit not utilized for repairs, against Lynxources total obligation
to Landlord, unless prohibited by law, and allow as an offset to payments owed by Lynxource. Should Lynxource reimburse Landlord for rent
before security deposit funds become contractually available, then Landlord shall return the reminder to Lynxource in consideration of the
obligation of Tenant directly to Lynxource.
c. Lynxources obligation for payment to reimburse Landlord for lost rents under the terms of this Certificate, shall begin at the time of default
and continue until the unit is re-let, until the lease expires, or until Lynxources obligations shall cease as otherwise stated in this Certificate,
whichever shall occur first. Payment of the obligation shall occur on a retrospective basis, once the Unit is available for rent, on the market,
has been listed or the listing has been published, and is actively being shown for rent to new tenants. The determination of Lynxource shall
be based on a good faith standard of Landlords commitment to re-let.
3. Limitation of Liability. The maximum value of this contract is equal to Six (6) Months of the Monthly Rent Amount. Upon a Tenant Default
with proper notice, Lynxource shall reimburse the Landlord the Monthly Rent Amount times the number of months the unit has not been relet, up to a total of Six (6) Months.
4. Condition Precedent. Compliance with the terms and conditions herein is a condition precedent of Lynxources obligation to pay.
5. De Facto Acceptance. By Landlord accepting Tenant after an agreement between Lynxource and Tenant is reached, Landlord agrees to
the terms and conditions of payment and this Agreement.
6. Default Defined. A default shall occur under this agreement when, as defined by the lease between tenant and landlord, the tenant has
breached the agreement by not paying as required, once the tenant has vacated whether or not voluntarily.
7. Notice of DefaultTenant Vacates Voluntarily. Landlord agrees to the following requirements in conjunction with defaults:Landlord must
notify Lynxource in writing (electronic notice acceptable so long as its received and opened by receiver) and unit must be back on the rental
market no later than 10 days after the voluntary surrender (initial claim).Landlord must notify Lynxource, in writing, once the property is
vacant, Lynxource reserves the right to inspect.Landlord must notify Lynxource, in writing, that the property is back on the rental market, has
been listed for rent and is being shown.Lynxource will ONLY pay amounts filed in accordance with the above conditions.
8. Notice of DefaultTenant Does Not Vacate Voluntarily. Landlord agrees to the following requirements in conjunction with default:Landlord
must notify Lynxource, in writing, that a default has occurred and unit is to be available for re-let no later than 10 days after the actual
eviction (initial claim).Landlord must notify Lynxource, in writing, once unlawful detainer has been filed.Landlord must copy Lynxource, in
writing, with a filed and served (on Tenant) unlawful detainer action.Lynxource will issue payment 10 days after a court has issued an
unlawful detainer order requiring the Tenant to vacate the property. Lynxource will ONLY pay claims filed in accordance with the above
conditions.

9. Calculation of Payment to Landlords. Regardless of the situation under which a tenant may default, Lynxource will reimburse landlord for
rents not paid by tenant during the term of the lease up to the Limitation of Liability until the unit is re-let, until the lease expires or until
Lynxources obligations otherwise cease, whichever shall come first. Lynxource will not begin disbursing payments to Landlord until the unit
is back available to rent, has been listed for rent, i.e., published, and has been shown, unless a court has issued an unlawful detainer order
requiring Tenant to vacate the Property, in which case payment will be made within 10 days after presentment of such order to Lynxource by
Landlord.
10. THIS CERTIFICATE MUST BE PAID FOR AND IN-FORCE BEFORE OCCUPANCY OCCURS OR THIS CONTRACT IS VOID.
11. Situations When Lynxource Will Not Pay an Amount. If the following are to occur Lynxource shall not pay the Landlord:
IF LANDLORD ALLOWS TENANT TO TERMINATE A LEASE.IF TENANT HAS NOT VACATED THE UNIT AND LANDLORD HAS TAKEN
NO LEGAL ACTION TO EVICT.
IF LANDLORD HAS ALLOWED A SUB-LET OF THE UNIT.IF THE LEASE EXTENDS BEYOND 12 CALENDAR MONTHS.
This agreement is ONLY valid for 12 month residential leases,In the event that the lease is longer than 12 months, a new agreement must be
executed after the initial term. IF THE LANDLORD TERMINATES THE LEASE VOLUNTARILY OR WITHOUT CAUSE, This agreement shall
expire on the same day as the rental agreement with Tenant, but under no circumstances more than 12 months past the Start Date of this
Certificate. This agreement is not renewable. If Tenant and Landlord require a second contract on the same property, please contact
Lynxource for an abbreviated second contract.
12. Representations & Covenants. As a condition to payment and a material obligation of Lynxource under this RENTAL PAYMENT
GUARANTEE, the LANDLORD represents and covenants that:
(i) The LANDLORD has investigated each TENANTS application for a RENTAL in the same manner as it would for any other potential
TENANT for a lease, and has independently determined that said TENANT does not meet the LANDLORD qualifications for approval.
(ii) The form of lease that TENANT executes for the residence is the same form of lease executed by other tenants who were acceptable to
Landlord without other measures to mitigate the risk of their non-performance.
(iii) The LANDLORD shall not cause or collude to cause a TENANTS Default.
(iv) The LANDLORD has the legal capacity and is authorized to enter into and perform this agreement. The individual executing this
agreement on behalf of the LANDLORD is fully authorized to enter into this agreement.
(v) When this agreement is executed by Lynxource on behalf of the TENANT, and subject to the execution hereof by Lynxource
officer/officers, will be a valid and binding obligation of Lynxource enforceable against Lynxource, its permitted successors and assigns, in
accordance with the terms hereof.
(iv) Each and every representation and covenant set forth herein shall remain true and correct, and shall be in full force and effect, during the
term of the TENANTS RENTAL PAYMENT GUARANTEE.
13. Non-Cumulative Rights of Company a. Subrogation. Whenever Lynxource has made a Loss Payment under this agreement Lynxource
will automatically have all rights of subrogation in regard to such loss payment. The LANDLORD will not act or omit to act to impair
Lynxource right of subrogation in anyway.
b. Assignment of Judgment: In the event that the LANDLORD obtains a money judgment against a TENANT as a result of a TENANTS
Default, then such judgment will be deemed immediately and automatically assigned to Lynxource. Lynxource shall only have an absolute
right to assignment of judgments up to the amounts paid to Landlord. In the event that Landlord does NOT pursue a claim against tenant for
default, Lynxource may, at their sole discretion.
14. Fraud. Lynxource retains the right to investigate a landlords demand for payment occurring because of a Tenant default. If Lynxource
determines the demand by landlord is fraudulent, such payment shall be denied.
15. Venue. At all times the contract shall be construed with the laws of the State of Arizona and all parties agree that venue shall be proper
and binding in any court therein.
16. Severability. If any portions of this contract are found to be void by a court of competent jurisdiction, said portions shall be struck, and the
remainder shall remain in effect.

17. Captions. All paragraph captions are for reference only and shall not be considered in construing this Agreement.
18. Complete Agreement. This agreement represents the entire agreement between the parties and can only be modified with a writing
signed by all parties.

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