As a member the United Association of Equipment Leasing ("UAEL or "the Association"), we acknowledge that there are certain fundamental standards of practice which should serve as guiding principles for all engaged in, commercial finance and equipment leasing. As a member of UAEL, we further accept the UAEL Standards of Professional Practice and the UAEL Dispute Resolution Procedures.

In the event of a dispute regarding an alleged violation of these Standards, we agree to submit that dispute to the UAEL Standards Committee for resolution in accordance with procedures adopted by the Association.

Neither an alleged violation of the UAEL Standards of Professional Practice nor any determination that an actual violation has occurred shall delay, impair or otherwise affect the rights, remedies or obligations of the parties to a commercial finance or an equipment leasing transaction.

UAEL Standards of Professional Practice

1. We will at all times conduct our activities with integrity, dignity and professionalism and will encourage such conduct by others in the commercial finance and equipment leasing industry.
2. We will act with competence and strive to continually maintain and improve our professional judgment through participation in Association activities.
3. We will maintain respect for keen competition and for all competitors and will seek no advantage by dishonest or unethical means.
4. We will adhere to the principles of confidentiality and accuracy of inquiries and replies in all exchanges of financial and credit information.
5. We will treat in a fiduciary capacity all funds received in that capacity.
6. We will at all times adhere to the specific terms of our funding commitments, commission agreements, and/or purchase orders.
7. We will not make payments directly to employees of a vendor or other business source without that company's knowledge.
8. We will never knowingly make false or misleading statements or withhold information vital to a business decision, even if such information becomes known to us after the funding of a transaction, and we will correctly represent our relationships with all parties to the transaction.
9. We will not simultaneously seek commitments from more than one funding source without revealing that action.