AUTHORIZATION TO REPOSSESS & HOLD HARMLESS

VEHICLE DESCRIPTION:

YR. _____ MAKE ________ MODEL ________ COLOR _______

VIN: ______________________________TAG:____________________

DEBTOR/LESSEES NAME: __________________________________________________

DEBTOR ADDRESS:

_________________________________________________________

DEBTOR PLACE OF WORK:

_________________________________________________________

OUTSTANDING BAL: ___________

This is your authorization to repossess and impound the above-described collateral which is covered by a defaulted installment contract or lease agreement. We name OKIE DISTRUBUTING as our exclusive agents for repossessing the above described vehicle. This means that any agent we have previously engaged is no longer authorized to repossess this vehicle unless they are subsequently authorized to do so by OKIE DISTRUBUTING.

We agree to indemnify, defend, and save you harmless from and against any and all

claims, losses and actions, except for your unauthorized efforts and/or actions which may be acts of our company, its officers, employees or agents. We understand that OKIE DISTRUBUTING under it’s corporate charter, is bound by the laws of the State of Oklahoma, and it’s services are rendered subject to the jurisdiction of the laws of that state.

I understand this is a contingent repossession and I will not be charged unless the vehicle is repossessed. We will pay a $50.00 closeout fee if we cancel this repo assignment prior to the 90 days.

Standard Repo fees are as followed within Stillwater, OK and the surrounding 15 miles, fee will be $250 plus 10 days free storage, $15.00 plus tax per day there after.

Outside the area will be adjusted accordingly for mileage.

We also agree that if the debtor or his agent(s) should surrender the collateral to anyone else during the term of this agreement it will be deemed to have been repossessed by OKIE DISTRUBUTING.

Anyone else is understood to mean but is not limited to, body shops, police impound lots, other repossesors or to any facility under our direct or indirect control. Your special immediate efforts will be appreciated.

BY ______________________________________

FOR _____________________________________

CONTACT NAME: ________________________________________________________________________

ADDRESS: ______________________________________________________________________________

PHONE NUMBER: _____________________________

FAX NUMBER: ____________________________

 Cowboy Towing
1523 South Perkins Road, Stillwater, OK 74074
(405) 377-2626

Okie Motors
1517 South Perkins Road, Stillwater, OK 74074
(405) 377-2880
Fax: (405) 624-2880

okiemotors@sbcglobal.net