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Post-it(R) Fax Note 7671 Date 12-2-98 pages 2
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To Peter Bryant From Kristie
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Co./Dept. Co.
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LESSEE Phone # Phone #
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COMPANY NAME: Fax # 310 649-6520 Fax #
Adnet Strategies, Inc. ------------------------ --------------------------
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ADDRESS:
5959 West Century Blvd. Suite 756 SUPPLIER
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CITY: STATE: ZIP: COUNTY: COMPANY NAME
Los Angeles CA 90045 CVSI, Inc.
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CONTACT NAME: TITLE: ADDRESS
4G Crosby Drive
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PHONE: CITY STAGE: ZIP: COUNTY:
310-649-4200 Bedford MA 01730
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EQUIPMENT LOCATION (IF DIFFERENT FROM ABOVE) STREET ADDRESS: CONTACT NAME: TITLE:
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CITY: STATE: ZIP: COUNTY: PHONE: FAX:
781-275-2699 781-275-6810
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CHECK ONE: [x] CORPORATION [_] PARTNERSHIP [_] PROPRIETORSHIP [_] LIMITED LIABILITY COMPANY [_] NOT FOR PROFIT [_] STATE/LOCAL GOVT
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EQUIPMENT DESCRIPTION [x] SEE ATTACHED ADDENDUM
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QUANTITY: MAKE/MODEL: SERIAL NUMBER:
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SCHEDULE OF MONTHLY LEASE PAYMENTS
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LEASE TERM NUMBER OF AMOUNT OF TOTAL EQUAL TO 2 MONTH(S): $ 8,189.56
PAYMENTS PAYMENT PLUS ------------- -----------------
(MONTHS) $ APPLICABLE ADVANCE USE TAX ON ADVANCE: $ Incl.
48 TAXES -----------------
48 AT 3,782.71 LEASE ONE-TIME DOCUMENTATION FEE: $ 100.00
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PAYMENT TOTAL INITIAL PAYMENT: $ 8,289.56
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ADDITIONAL PROVISIONS END OF LEASE PURCHASE OPTION
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End of lease purchase option shall be 10% of the Total Lease
- ----------------------------------------------------- Base or Fair Market Value (whichever is greater) or unless
another purchase option has been checked.
- ----------------------------------------------------- [_] $1.00 Purchase Option [_] Other
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TERMS AND CONDITIONS (continued on page 2)
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1. AGREEMENT. Lessee agrees that: (a) Lessee has read and understands the terms and conditions on page 1 and page 2 of this Lease; (b) this Lease cannot be canceled and Lessee has an unconditional obligation to make all payments due under this Lease without reduction, withholding or off-set; (c) the person signing this Lease has the authority to do so and to grant the power of attorney set forth in paragraph 10 of this Lease; (d) this Lease is a commercial transaction and not a consumer transaction; (e) Lessee has reviewed and approved the supply contract covering the purchase of this Equipment from the supplier; and (f) this Lease will be governed by the laws of the Commonwealth of Massachusetts and Lessee consents to the jurisdiction of any court located within the Commonwealth. Lessor and Lessee both waive any rights to trial by jury. 2. LEASE. Lessor agrees to lease to Lessee and Lessee agrees to lease from Lessor the Equipment described above and in any addendum to this Lease. Lessor may charge Lessee a documentation fee to cover lease documentation and investigative costs. The Lease will commence on the date when the Equipment is received by Lessee. 3. DELIVERY AND ACCEPTANCE OF EQUIPMENT. Upon delivery of the Equipment to the location identified above, Lessee will inspect the Equipment and the Equipment will be deemed irrevocably accepted by Lessee upon the earlier of: a) five (5) days after delivery of the Equipment; or b) delivery to Lessor of a signed Delivery and Acceptance Receipt. ONCE LESSEE SIGNS THIS LEASE AND LESSOR ...
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