| g | Equipment Lease | |||||||
| GECapitaJ | Agreement | |||||||
| Agreement #7270938-001 | ||||||||
| SUPPLIER: | LESSEE: | |||||||
| COMPUTER REVELATIONS, INC. | SPIRITS MANAGEMENT INC | |||||||
| 780 NEWYORKAVENUE | ||||||||
| HUNTINGTON NY | 11743 | |||||||
| 331-A DANTE COURT | ||||||||
| HOLBROOK NV11741 | ||||||||
| SYSTEM DESCRIPTION: | ||||||||
| Quantity | ||||||||
| [~JSeeattachedschedule foradditional Equipment and Software | ||||||||
| Model & Description | ||||||||
| Serial Number | ||||||||
| TRANSACTION TERMS: | (i | ADVANCERENT$ 0.00 | ) | |||||
| n | ~p1usap$cabLetaxes~months) | |||||||
| RENTS 2539.50 olus applicable taxes) | LEASETERM | SECURflYDEPOST1~ $ 0.00 | ||||||
| ae | ||||||||
| PAYABLE~ | I | |||||||
| (checIZI$i. | ||||||||
| (1) | llFalrMarketValue or. ~0ther( use In GA. | |||||||
| k ond | oO | |||||||
| Monthly | MD,NH. NM.WD | |||||||
| ()Oth | ||||||||
| er( | ||||||||
| EQUPMENTPURCHASEOPIONATENDOFLEASEThR}Vt(C1IeCk0n | ||||||||
| ~ | ||||||||
| LEASERATEFACIOR 0.033860 | lEASE RATE | |||||||
| Equipment Location (if different from Lessee address above: | ||||||||
| Lessee ContactlTelephone 631-385-3300 | ||||||||
| . | ||||||||
| ~ehavew itten thisLease in plain language because we wantyouto und Itsterms. Pleasereadyoncopy ofthisLease | dfeelfreeto skusanyquesl you may have. | |||||||
| The words wand ~yow~'mean the lessee named above. Theworswe,uWandeOurrefertOtheLeSSorflalfledabove | ||||||||
IMPO1TAN1~ BEAD BEFORE SIGNING. THETERMSOPTHIS LEASEØNCLUDING THOSE ONTHE REVERSES(D~SHOULDBE READCAREFULLYBECAUSE ONLYTHOSE TERMS IN WRITING ARE
| ACCEPTED BY: | ENFORCEABLE. TERMSORORAL PROMISES WHICH ARENO~CONTAINED INTillS WRITTENLEASE MAT NOT | |
| LESSOR:GENERAL ELECTRIC CAPITAL | BE LEGALLY ENFORCED. YOUMAY CHANCE THE TERMSOPTHISLEASE ONLY | |
| BYANOTHER WRI1TEN AGREEMENTBFIWPJNYOIJ AND uS. YOUAGREE TO COMPLY WITH THETERMS AND | ||
| CORPORATION | CONDITIONS OP THIS LEASE. THISLEASH IS NOTCANCELABLE. YOU AGREE | |
| 201WBigBeaverRd. Ste 800 Troy, MI 48084 | THATTHE SYSTEMWILL BE USED FOR BUSINESS PURPOSES ONLY AND NOTFOR PERSONAL FAMILY OR | |
| 1W~ | HOUSEHOLDPURPOSES. "p. |
YOU CERTIFY THAT ALL THEINFORMATION GIVEN IN THIS LEASEAND YOUR APPUCATION WAS CORRECT ANDCOMPLETE WRENTillSLEASE WASOASIGNED.THISLEASE IS NOT BINDING
UPON US OR EFFECTIVEUNLESS AND UNTIL WE EXECUTE THIS LEASE. THIS LEASE AND ALL SCHEDULES WILLBE GOVERNED BY THE LAWSOP THE STATEThOPMICHIGAN.YOUSPECIFICALLY WAIVE ANY DEFENSE BASEDUPON FORUM NONCONVENIENSAND YOUADMITTHATOAXLANDCOU,MICRIGAN ISACONVENIENTFORUM TORESOLVEALLDISPUTES
UNDERTHISLEASE. ALL DISPUTES UNDERHISLEASESHALLBERESOLVEDINTREJURISDICTIONANDVENUROP0ATECOOLLANDCOUNTT~ MICHIGAN.
| PROPOSEDBY: LESSEE |
| 4~AJ~G~~C |
| OATh_________________FEDTAX ID# |
| ______ -~ . |
| UNCONDITIONALGUARANTY |
In considerationofLessor entering Intothe aboveLease In relianceon thisguaranty the underslgned. together and separately, unconditionally and Irrevocably guarantee to Lessor, its successors and
assigns.the promptpayment and performance of all obligations under the Lease. We agree that (a) this Is a guaranty ofpaymentand not of collection. and that Lessor can proceed directly againstus without disposing of any security or seeking tocollect from Lessee. ~)we waive all defenses and notices. Including those of protest. preseneeent and demand. (c) Lessor may renew.extend or otherwise changethe terms of theLeasewithoutnotice to us and wewillbe bound by such changes. and (cfl we willpayallofLessor'scostsof enforcementandcollection.Thisguarantysurvives thebankruptcyofLessee andbinds our administrators, successorsand assigns. Ourobligations under this guaranty continue even If Lessee becomesInsolventorbankruptor Isdischargedfrom bankruptcy andweagreenot to seekto be repaid by Lessee inthe eventwemust payLessor. TILlS GUARANTY WILLBE GOVERNED BY THESAME STATE LAWAS THE LEASE.WE AGREETOJIJRISDICI1ON ANDY BIN THESTATE AND FEDERAL COURTS IN THE SAME STATE ANDCOUNTY.
PERSONAL
By~.Indlvldualiy
Social SecurityNumbec SoclalSecurity Number.
| Witness: |
| I |
| ; | TDIM$ ANDccriomw~ | |||
| tIMP. | SI~k ID Sm wna of tim La seu agristo ~ss.1mm | usthi Equipmsntani, fIppIIC.bh.IIsInC. any dsllv.ry aid hmitiisisa case ii Sm. soth~vs Is.ee Is. ('Scl~v&.Licsee Fss~) farsayopueea~ or ipptlcsticn soitwarn 1~Softw~re~) ~aeflbslsbovsutm.n as | ||
| inspt~4 La | etowoilc.inIowa. 01115 WEACWTThIS LEASE,V~l | MAY NDT t4iilSLffDIiO TI~ RSL LM*1~N. Yes a~w il Is Isund ~p ii Is *ua otIt~s taut |
2. ~DEUWERY Aim ACc!PTAN~OFSYSIEM Acc.ptanc. ofths EqUIpmISIIIImd ths Sofb~srs ICOJhcIMI~, Us 'S~eeuf) occuàupaa ds5~emy. ~Miun ycu mesa Vi, ~ s~ ~ inipsctit .nd~ ~IIIVb~UçhO~. or i~wrIsi sua~i idonn~en
- 'asWIm.yrs~s. Osiv~md ~MalIes ccs~its ~ mapaiijlIft~ S you algnsd a p,gchaus convanis' his Syam, by sIgiim~ 5* Liss,~muusln yam,fl~he~ itisia ~ wsw ob5pbaa um~ k ~ us. Ycur,~I*sio the Ssftwwi am ~avutned by ~I~bvs~ceI$I.grssmsnt~ ~.
3. seer. v~~ to p.yii.H.ntleu aiipec.bl. tasa~ eflin .ach piwnamt Is del.Youi~rss to pay a is Sediwsis Liesnis Fss~ Øta Invest bi Imealbimem c~th. aa Tins.The~ncunt ats.dm ~mst~Issm is uicIui~d ~ Sis lies p.~eenL ft ~,vur Rent paymsnsw.ei.U~
Adv.na,, yaurfirst Asia pa~n.ntIadma oath. diii you .ccaptth. EqmeeWW~II~ Lieu. WuwIIs&Ms ~su ia~ lii ths des diii olsach RuE paymnt. md(bum. sd*usto aiuimb ivu mesaid ~iwpay~ee.. Runt I. ~iiutathsc ~esyou rsc~~.inulvaiNfrem me.Youm~Ipay us any rsqtimd Ademic. ~nar $u.airfty Dspaiftwlsn yx ugn liii. Least S.cutimyOspo.Is orMvancs Ihea may Is commMglsd aid do eatsam ~amst Preidid yea amnotin 4Matiteei~yi~iearS.~O.~b Ita lutl~nt pawDsnt01tO you ~au. OØX see asy m~indth. Sesuky Dspc~lt~ ~muaiuin the Lass. Tine a~yirue isid is. Emiu~meei rubmnad hi icesdinc. e~m Suclian t CM co~sct mcrsthan on. ps~ineeUAdvanceReit ~ may apply amth Advenca Rw~to di. list Ran ps~mrnft~Yostii~boitisis aching. lie ~nt bynotmom, than 15% ks a ch~ss km dis Swam mM~ureion w~ sly ens, mmer ~ air .cc~anc. of thu Lees. Rsmnallva .mdwssnaa~ am chicle ~essund ~e e~ notreduos yo~r obigailous~ us. Unluu a proper sxsmpdon csrd5cat. ii pmvldsd, sprãcblsulsi aid uusI.eew~ bs IddId~ the Hint
4.I*~~ITIONM O*UHA11GIL YOU AGI~E ThAT YOU AUiiicwann~aattyOBUOAIEDioPAYaaivaaim myeni~ a~osiirs eea ia~mm tases ~eeiwruu. tiess ~saM avis i~mssysr~ ta aawem asozsmovw.
IF if II OEFE~TIVE 01 IFYOU HAVE T~WORMY OR PERMANilIT LOU OFflI USE. YOU ASENIII illflflED TO 1011155 OR ~1-O~AR*~ST~51TOR OThER~MOWIl5 DUE IIIO~ThISLEHSE FOR AI4V HM*OWWIIAT$OEVEL
IDI$ilNi~R OFWAHRANUlS. Thft SYSRM IS BEING tW~ ID YOU IN AS.lS CONDITION. NO IIDIVWU*L IS AIITHO~Z~ TO IHMIGE Ally PROVISOS CFIHil LEASI YOU A~EThATWE NAVE PJOTMnNUFACIU~ns esuinwn ~ucaissome
SOFtWARE ANDThAT YOUtava sascma me svsiaiussn iwos vane ans .niDaM~ir. You Hrns soT sass asmysTsmansws as one ~wv~ have woi we i*vs soTMAO€aiioDOear reess asvWHlSS OH IMPliED I~PHESENTATIONS OHWARRANTIES WHATSOEVEI. 1~cUIOINO WUHOUT UMIFAIIOII, TIE SYSTilZS ~HWIAIHTMlU1Y. FITN~S FOR A PWIDUIAR PIIHPOR. SIITAI1UIY. D~IG1~coimmoji,OUHAIILITY. OPERATION, OIIAUIY OF MATERIALS OR WOIUIMAI4SIIIP. OR COMPUANCE WITH ~EEIRCA11ONS OR APPUCASLS LAW. YOU AQONEThATWEASE NOTUEONS~GTHESOFIWMETOYOU At~ OIIO CHILI' OBlIGATION ISTO ADVANCE ThE SOFTWARE LIEIOISEFE011 YOUR U~IALAYouSri swan otth.urns ofin. Equipmintmanuficair~ind thi Sottw.retensor. Youagris mccomactds mumulseerurinftis lIc.nsorlars dusaiplin ~yoarwssr.aIyr~bnt Pmi~ñdyie vs eels dSEIUItImdWthIS Linis, ~cu miy.1mm.ii wiffmntyflglin dImc*~th. manuf.clurur ellIs Eqidpmsnt ~ the mailer ~ ihi Solbiars..You sgml N inNs my dIup~l. ~mu esy Isv. rsgvfmg ps~isainin at Im. SiiNm *sctIp a~ ths man~hca~ of tha Equ~imuis ~ ths icsi,iarotths ScibeurL
I.TlttEAt~IEOUSIIT IHIONUI. ItdiiPurchissOpsian .mo~mt dUOI.'DamPurthassOpItcn'Lycu ibiD lain bde me liii Equipeesbensibeffily upen ~Ivsry aid ~ui be ds~sd ~ beth. cwnirsfths ~meein bn~in yin iranotki ~tau* ~iid.rthli Lees. In the sv,nm of s dufiult lid. aths Equlpnisnt ihil mnurca us Iris and clint ~ any flgh~ or kflorssts you may have bi the Eqm~msnt 11th. Pwehia Opdon amonitieberememCUDa ltaisd Purcimu. Opdin~'t lie Eqsthpmun ~ umd 'iiIrsmiiui aerial. ~oIirnWdumg lIe LatinTim.
UnIuu~vuau~*~tauftundvINo Liii., ~eu ih~ havsUms rI~lt~ ps.osfi*y posasin ii uuths Equlpiuendiwigths Louis Tsr.. To ours ii ~yeirobIgibein~ is und.rdlsLsin.~eu hereby~isein
o oscurfly totsrsst to(a~ lbs Equipeoutin lbs manor at' your Iowanto to lb. Eqolpmsnr. Ib) .nything atlacbsd or aidsd to d~ Equdpmsntor utylbin,mlany mousy or prsystty fromlbs oats at lb. &~Idpm.at sod (dl any mcn.yfrom ml lmmimom clam 11th. Equlpsmsntis loatordamiqud.You grssihstdm.sic rltylnatrtit~dl aotbs aftoctod Stole Loaas to ohsngsd to simyway.Ycu hereby .ppoimt tiler oiragaodin yourlbmand (mind aatmnhsy*futlO at55 queruiftmmlueb UCC1bmunclu~ oletoomne prspvsd and ISsd mm your biflaft by us (or cur ugsnt)vtith theurnsbras andaftsccss Wyou bed slgnsd much ltnancirç stotom.nto. Smi requ.st you sgm. to sign llnsnotog otetommet Is ordertorusto pubtciy record our ascuottytoterset TIdS Lies. on ccpyotdde Laass shad be sufflclsntinaflnancmg staluntintand mey b.Iltod seauoh.
7.USE. MA*IfIOIMICLMIO H~A5ftYamsmdl nat nusos lbs System bounds. System LocatIon widmoigour edvanc. anlumu coasuitYamswill gleumamnsauanstis accase to the Systemlecallon so IlmstwscanChSdstIIsEtpulpmsnts usiminos, oondllion and proper mssutsss.ecs, You wiN us. lbs Equdpmwmthm th. maneurfor whloh limos tmnd.d, as required byal applicable nwnuatoand bmiructlcnaaidbeepItsIlgIbIsfor any mmmulaouurer'a omllloation asmdfor oraodsrd.fulu.nidcs minlananca conpact Atyow own costandsopeuss, ycuwdi kuep lbsEqusigmuntln good repair, constdon and workingorder. orstuanytwer atmdlesrsmccsptad. AS nsylacmuount pars end repairs mdl bacams our prapsty. You s.IIt not maim soy perminwo sltunadoneto lbs Equlpmsnn. You mdl ociqulywidi all license sod copyright rsinr.msnts of the Software.
I. TAXELYou agree thazyou will pay us, vsiusn imolced,all teem (Inchidequ soyaal.e, use mid piruonid propsrtyla,wsl, Snss, iidsrscc mud penallissmisthug to Ihi Lsass and dii Equupm.idlozaludlng tu. hued snot, nstsmcomej. lithe Lu. hmludsa o Dollar Purchase Opdon, you ogres no HI. any requiredpersonal property too rsurns and, ftem sub, you will poovids us mdli prod of payment lAb do not hiss to ccstusot snytex uau.onousflnt For Leases miii a Stolid Purchase Option,Ii)you wHi, .1 ow Itecrsticn, slur(1) minituros us annuallyforill personal property taume which ws mesy be rsqslsdtopsy so due mawr at the Equipment, or Ii) rsm* to us each mcmii our esthnaus at iii monildy eqtivalmt of dii mmmii) personal property taxes to be uoassosd,Ib)you ogres no peyumlorlbs toes at anyinoome lix binafite oaamed byyour scions, end(s) should an tocrease hmthsbdoral corporum Incomslaxnationschange outhe 'accaleratodcoatmcoemydudusctions'sllowed hyde kitwutsi Itownus Code of 1*, aa amended, advsroe)yaft.ctourafter.texsarmngs oroeabhlaem,you ugresthetwo maylnareaes ths Reotand oimersmounto dii. und.rthtoIaeos to ohlestenyuuch edesroselfect I lP~EP.tiSIY. We are not responsible for soy tojurlee, dmeegus, ysnalilsa. cisimee or Issues, tochuihmg Isgat axponase, humored by you or any other person caused bythe VenopostaliOn, histxllslios, oslectiori, porches., lasas, ownership, possession, moukficadom. maintenance, ccnluon, operation, usa. incurs or iilspoulbcn dde System.You egmuto reimbures sobs, and defendsoagainsteny clalmotormuchlosses, damages, p.naitieo, claims. lnjufleo. or expenses.mmtodemsltyccnImu.smeniberiataleshas mqnredfor .me crceiceicne which oomond durhug due Laaua Tune.
ItIDHIUACATNOHL You usthcflne so to hwsrt or ootrsct Joining hifermution mu thin Lassa. includingyour ollalsi saute, seriul muidsuro sod uny other tofcneaoucn descflbiog its Syeseut. We mdl send you copuss of auth ohoegee. You call etladi toilsbuispmsotsoysass. plums orsticksrs we pmc'lde you. 11. LOSSOR DAMAGE. Yms are reoponsibi for any Isue alibi System from any cuues at aS, miuetheror soliostired,from lime toned.System is ihlppsdtoyou anti its rseonedtous.IIsoy dose aide System to loot, stolen ordumugsd, youmdl IromlIlynoily seat such avant Then, itoiropliati, you wit either (a) repuirdus Eqalpmmutao itotit toingood condition end making order, ilglbleforsnymaseifsonn?s cinilhlcsbcn,cr (hi pay so en amasser impel to dm5 NstBook Value leo ds*ncd toScctloo14) of time lout, stolen ordutsaped Imot if you hatsastlefled ycurobligadmis undirthusSection II.am will forward to you unyinuue'unce proceedsmulchem recehes forloat, detesged, or desyoyed Item. ftyou am Is difmslt,em will apply anylnuirance procosds am recsivsto reducaycurobigedona andsrSsodcn 14 atthie Ijesa.
12. IIIURSNCE. You agresto a) ksip its Synasie fuhlylseursd .gslnuc lee, fleming mm loss payse, and Ib) obtain a giosrul public liabIlity huewencs poboy scouring both psreenel kfroy and property dutuegs at amcmotus aut iso dun we nayhl yost naming so as addidonal haired, uetilysi hew mass atyourobllgaioum uud.nllmlal.esae.Ws irs smd.r mm duliytoui you If your Insurance coverage leedequste. Tim pohlclae ulmll atuisthatamarstohi mcdlid at enypropoesd cancellation atlesat 15 dupe powli titedate setter oancsludcn. Upon our r.queut,youagreenopreside mmmiii oaiduisaees orcus.r ac4denos at hiarunce aoouptabls to is. if you do nonpnoc4). sewuim evidence of pooperinouraeoewlthumII) days atosrnsqueacsnwe receive sods. at policy cancaletion, emmey (butem we mmotcbllguladls) obtoin insurance sit ourinnarcut in the Syotom atyounexpioos.Youmlhlpay ul insurance prsmiunms undsshased charges.
13, OMAI*t You will bets dslau*undv lids Lu. If anyofia foliowmg happens:Islamicnotreosive myReman whirpquntdi. hsrmsndermdlihi Ill duye aflurite diii des, nr(b) you or snyolyomrguareatcro become lnaolvent. are llquldeled or dissolved, merge, Vender oubotenilolly all stock or suits, stop doing business, or assign rlghme cc prcpimty for its henelltof cretiteru.cr(s)a panics ladled by or ugalsutyou or anyatyour guareestre lender any bicitrystocy or macPussy law,cr11)(for indbiluels)you or miyof your suarsnosrc die, or haves guurdianappoistod, or(s)anyruprssentaliooyma hats made hi di. Lines shag provsli hiss been f.ts. or sululudhigiiany mslerlal respect, cr11) you on anyatyosr~usrecnors Irauk say proteu, made in this Lame or soy guaranty stud do not corsct the dsfeult withIn tOdays after me send you mvilZm notice of th. dsfesdt, or (g) you defuilt an any admit sgreument between you aid so (or our efllllutoa), an (It) you cloleli di tennisdimesoftwere Nouns. eonseoyunt.ii.HIMEDIES.Upon di occurnmicsale detail, em may, in our ide disetatlomi, do amy oralatths lollowing: (a) poovids cwlltem ncilosnoyouof detuult, (N eslbysidalsd damages fur Ioud a beigumamid not as a penalty, dsclsre due and psyabi, the pres.otvabusoff)snyandallssiouotsmtmloli many be them dam mid psysbisbypeuto usieidsrthls Liens, phi Id) all Ruol peyoisute remnulnhmg through lbs anddde LeaseTsret phi (Hi) the PurohauOphbm imomas, Satoisd, unit nelisid Purchius Option .tooiaittogives, cur rsasonsblo soilnuaneof the fibmarket veins at like equiplnsnt eeof the endaids Luess Tune. all dlacessmted aid, higher of 5% or the lowestreno uhlmwd by lane (xHicdwhe, time~Nst Book Vain.'). We has, the rlghtts requhu youtoslake di S~em evalluhieto us forrupoeseuslan during rsaamuabls business hairsoremmay nspous.os lbs Systom, am tong as am do notbru,ohidis peacetodshig so,urem may use ligmi procaso hi ocempimuss with appicuble lewpuesusntto oomstonhirte havetheSystem repoasse.d, You cdl notuiebe any olulms egeluam us orbs SystemforVsapass, dsmeg. or any other reaemm, lam lime pos.ssalcmdime System am may (a) sell or lamethsEqmipmnm* stgusbiu or prisms isison ieee,endlor (Dl exerciseuudm other nighto so may be allouved by uppllcebto sw. Although you agreetiustembass no obllgsdonto selldii Eqidpetist, Swede sill de Eipolpmcer, em cdl reduce time NatBoob Vatmnhydeemomumto em receive. You wit homsdi.l.ly pay sods rsnuuiung PilstBoohValue,If this Lease tocludsu a Dollar Punches,Opilan endem receive morethaulims NstBcok Velue pluscur coetsdsuls,emvdl gles ysuds sueuu.You agree (a)thutws cslyamdno glvsyou 10 days advance noticeof auysale sod no notice at siardulog, (It) topayall of di coal am Incurto enforce our tights eguleatyoti, Inokidhug attorney's des,and (cithutemmlii ratib .11 dmrrlghte uguhistycu ivanItemdo sot uluosesto isfnrcsdemstdsthee atycur deautIL YOUR OPtiONS ATEJIDOPLERIL Providedyouare not in default, spasm soplreisti ataLees.miStsDour Purchase Opium, you shall pmrchiass the Equipmestetdsand aids Less. Tine for ouch masonite amid em cdl misuse muyuicuflty umterestem may havemmdiEquipmentlidsPmrcbese Optiontoscalduea pircestuge, ds Purthese Optionamoset sIteS bedsproductatascii psrcmange mutSylled bythe Equapmemt Coat (so such norm Is deilnedtoSsctiomu EU. Provided youateootum detasdtand have providedutwith pncrmcrnsnnotios,upon aspirationala Less. mlii a Stated PurobeusOption, you alieN have di optionIota) purchase sA, but not lass than all.dde Eqmipmssntlcrllus PiralmassOption amouilt, It stated, phi all aphuicahle Us(ifdde Lease providesfore fair musket sloepurchase cpslceu.am may ditersuins de fibmssltetveiue cliii Esitdpmecnt In mar ucla rsaoosable jsdgmsei). or ID) mulilsctto ow approve). twieses de Eqmsipsumutfor ass addidomul 12 mcnim norm etths isis aside r.mmtal vshas,ud.iaretiesd byosla uuvuolsrueoonsbhe judgh,cnt,cr(c) r.surnde Eqimlymeentis miehu accordance vu Sictimu 15. ftRemtetoto be pall cmie mcmhblybesle,auuh pmterwrden notice uhul be providedla La.eorno tutsrduegO days (butenc esrllerimaam US days) pnorlidsand old. Leusslsmilf Rentla no be peld asiaqusitady bails,audiprior wriltennotics dial be provided no Lassor us. Isturthaumalidsy's (hutso ia,ierdsn tIOde'#s) pntorto the mmd altos LieuTans. IFNO'DEFAILTIRS OEFI~LD N SECI1ON 13)NIA$ OCCURRED *11015 CONTINUING UNDER ThIS lEASE. AND ft LESSER FAILS TO P505105 SUCh P1105 WRITIUI NOTICE WITHIN THE1IME SPECIFIED ASOVA,Th5 LEASETOIM SHRuBS AISTOMA11C*ILY EXT~EDFOSA1~o~.DAYS (THE 'HBIalALIEIWI THE LEASE1ERM SNRU.THEIEAFT!R BE AIJTONRTICAILYAND CCI411NUALLY ADlIFaVED FOR ADDITIONAL INS~AL1ESllM BUTMAY BE 1EMIIIATED BYNE LESSEE BY MAY OF WIITIENMOTICE PEON THE LESSER 10 TIlE LESSOR (A RENEWALTERUINAIION NOTICE'L TerminaeiamiofsRmmswal Tins shall be ,hlittivs 10 dsyo clivLassos'sneculptd Lasses's Renewal Tarotinoulon Notice. (TIme dsrstlon of di Rssewal Tans inmsdtonoly following lbs Itocawal Tens within much dii Runiwul Termination Nooicswasprovidid siteS he decreased end shell extend to, but not hayond, 10 days frost di data Lessor's recilpc ofsuch IlunulTanumhisdcn Notice.) Ifyou .lictto purclaci dii Equipment, upon piytulsnt ddesgrssd upon prune Iuchsdlmig .1ashes taxea and otianuppllcabli taxes,emwlllVunsferds EqulyjoemittoyouRS IS.WH~ IS, WITIIOUTAPIYWI1ESBITAT1ON OR WARRAN1Y. Upon payinsor ofaN umoummta due isuder this Leaas, you mIS have a couimouhug tiglittu uus iiiSoftware In accordance mlii the tense old.applicable soflivere tomes sgrumlanl(et,
13. RETWIM CF EOUIPMBIT. It(s) edeladtocain,(hI you do notpuroheos ds Egmipmm* atbs end at the [seas 1mm, cr(s) youdo not ixusnd di Lies. Tscun, yea Will Imemu,dislnly mrs de System (Including ul copies dde Scfhuril.manumit maileccessonlis no amy )ocatisui(aP sod abound unycurrlstis) em may designute hide conduantal United Slates. lbs Equlpemantmust be properly crated hilts original packogmog seconding nods musidactsrs's reccousiendetimis or s~msciflcedsm, frsIgIK prepsid ud inemrid. mulnteluusd in scccwdsneewlth Seclion 7, and In Yoterugi Suisabli Cmudhdon.~ 'Averege Sshisbhe Ccsmdlicn'muss that uSof die Equipnuenttoimmediately ivudebhi foruu by a third party buyer, user or issue, other den yourself, wtiioutdi need for anyrspeircr mksrbtolsnuet All Equipnusntueuac be free dm.ddogs.You will psyisu far enymlssing and.fsdlivs perle creccaasanes. YOUWILL CONTINUE TO PAY HOST LINT!. TIE SYSTESI IS RWEISED AND ACONIES BY UI
17. YOUR RIPRESMITATIONI You stats far sir biniitttiiul en of de dateOfthis Lieu Ii) you have di lawful power and authoritytoenter into die Lease,(bIdshidiviminole sigmimig this Lame have beendulymuthosload nods so on painbelmiS,Cc) by anisrieg ottothisLaeue you will notviolate any law orosber egrasmeuttli which you ems party,Id) you era notawure ofamyidiug th.cmdl have a matamiulnugativeufleoton your satINytosudutyyomr obigsalsne suidmihils [seas, sod (it all hmnclsl hilsnuuaiun ysuhave proyidid us to true aid scciraraendprovIdesugoodreprisintetionatymirIstanbul condItion. II. YOUR PROMISES. In addition lithe other provisioned iii Lease, you egmee dietduringdi mum of ills Lame (a)you wit prouqidy noify on in mulling If you move your pnhmclpsl place dbmibmses, If youcliangidi seuuedyour buaioa.u, or If dues se mange mm ymrcvunsrehip, (hi you sill provldslo us such llnsnclal bmformuicn as em meyreasonably rsquectfrcun dues tetous,aid(c) yams wiRtoka any asian am nessonublyrequ.stto prntmotmrrlgltto nd. Eqmdpmint snd to imisslyomroblgedces uuider*ds tassa.ii.ASIN~IL YOUNILNOTRIL, RANSON,ASSIUI PLEDGE. ShIB.I,EASE ORPANTWITH POSSESSION OFTHE SYS1SM, OR FILE OR PEINITA LIEN TOBE FILED AGAJISr1HE SYSTW.We may. sidsut nolifytieg you, all,usugn, ortrsumoferdin Leans endow beursemahid. System.Yet agree thatltws do m.d. mew mater (and any aubesquint minima) mdl hen,desemi dghte and bemuifilo that em now have, Outwit nothsvsls performautyof owsbllgadcae. You aquas thetis. rIghts cbs~iWownermtill notOs sub(sctno any clulsis. d,tsnsee, on set-offs thetycu meyhans ugemnat us. Any such aeeignm,nt, aels ornuansferof his [sumorbsEqulpmuntwll not rudsvs usofenyobllgetlcns ammay have toyou und.nthto Less., If youureglvannaicsofa newomuarold. Las., you ogres to reupand to snyr.qu. shostthis Lieu end, If directed by us,to peyde nuwommer all Rusit mud othur esmcaamto die ismdirthtoLsess. ED.COLLECTIONERPENSES, OVERDUE PAYMENT,TBISINATION.You agmi imetem cam, but do usc Ilium to, isa cmi your behalf amy ectimi whichyou fulltotube reupuirsd bydito Lesse, sod aminavessuse mdl beto udtiuimm to slime RentmilIsh yes usus. Wimay charge you alate cbe,osnocoverour collection coate equalnod. higher of 10% of any Upaymusmuor $22,but sot mote band. highest legal rune.To ds aaantalcwid by l~ any lane psymentor sou-psyqn,ntd any peat diii auxcumutwll scoot, adereutatuhe lower of 10% per annum units hlghestlegil netefrom de dims luteuuuil pull, You haveno nghlno ternulnale this sass puerto the midside Lame Term utliusemprovIde you miii ascIi flghthim,timug. 21. AGREED LEASE RAIL You understand tiustthe Equupsium* may its pirtlussud far cashlimeTqulpmsnt Coati or it may be leased. Byslgnhug ills [sues,you eckuuovelsdge thutyoo havechosenno lamed. Equips,usifrsme uefcrde [miiiTurin andthetyoubetssgrsedno pay Rent, If this Lease provides lore 005ur PurchaseOpicn. each payment of Rant includes s principal amount based and. Eqadpmuant Oust end its Solders License Fee aide leasechargerita. The Equipmmit Cast maidits ScIuvere License Fe.tode Runt dlmididhyde[uses None Factor. The Issue dirge portion of d. Rent cmibedetanuuinsd byepplyimig node Eqsipmn.nt Castand ds Scibems Ucunsu Fin de ruts match mdl suecedos de Equipment Oust aumdds Solders Llamas Fee down liii. Purcfusss OptIonsmouuit Mulch maybea dad tetmsulmtore psrcentuge old.Equipment Cost) by payun.stof di Rent 11w isv.chugsruss am also be calculated uulug de ease atde EipmipsdeCset amid de Safbvn,e Liosnus Fee asia present talus, the Purcluass Option amountud. future talus. diRant as lbs payment slid d.LameTermsad. twos, The lease cheige rune maybe hlgherthsn diacluaulannual luifarustreti bessuteaddeumertizusiusm of certain count oxpenses and dec mmcmsredbyss, IlLaseeelsleoutsl to Sscrgle.Msmylaed,New Heupiblre, New Msslee, er Wiscesdet lithesees pravideatwa D.hlalPwcbeu. (Note. ds Re.tlecludeua paymmiaf pitseipsi mmd Isimsal bused asia Emiuahpmsst Boorasmdds Sideesa this.. Fee, eel de I~s lent lbs Equipemmit Coat laths preseet talus olthe Rise peywsus mtocomwedatde [useRat.mathsLeeaeTmem,Wsbath idealto comply milD aS upphlcebhi laws, SlIM ileminllmmed detyiwpeymnsstamelerhile [sees rusaltis - iusmetpsymimthlgberdse allowedby eppllcuili law,hiem an~ mucaas imlareetsolleosadwill be uppScd no thenspaymwmt .lpmbiclpslsad imlsr.etwlll b. chargedaide Illglmstmaie allmmed bylaw.hueevesit wnt am chugs m'reothserwlyeupaysayasuumegemexceau ddelegal emcsnLES. MISCSUR11IEOIIS. This Lease tseralnsotirsnlirs agreement and supursedau any conflIcting provision of any eqiepmsntptrchas,crder or unyoderaçnsemeaL 111115 OFTHE ESSOSCEM1HIS LEASE.Ifs ccit t finds any inovuina dde Lease tohe unmufora.ebla.d. nmoalnitmgtermsalIbIs Lease shell remaininelliot THIS LEASE ISA RNANCE LEASE' AS OESMEDNAIIT)CLEZP. OFTHE UNIFORM CCNMRRCIALCIICL You usuaflxe us Icr our agint)no (a) obtaut credo rspcvntib) maims such odin srsiitinquirlsa seem maydeam nitensary,end (cifurnish psymenthistetyinformatioutocrsdltmporhing agsnciia. lobs mtnostpamsittedbylaw,am maycharge you u las of $13.3 to coverourdoamsnsntellmm mid Inveadguilcn costs. ES. NOTICES. ASofyost written ncticiatoismust be sent by cemlilled mall or recognised overnight dilivury satins, postegs psipald,tossat ow sddressaltad in irisLuau, or by facslu,he Vunmnidisu to ow fscslulls tiluphone susober, mlii oral ccnflmnuticeofrnoefret Alatcur eoioss no you maybe sent llrotcluss stall, pontsgs prspuld.noyour aldusstated mule Leans. Atunyime sflerthto Lsss~Is sIgned, you orammay ehengsanaddressortacahdlls tsiplucnu msehsr bygmcug notice nodemiNd lime clung.. 21. WAIVERS. WEANII YOU EACJIAGRIETOWAIVEAND TOTAXEALL REDUISED STEPSTO WAIVEAILBI10IT$TO AJUHYTIIIAI. Tothe msaityou sri pennierad by applicable luw, you welts all rlghta sod rsmsdleo confarrsd upon class.by Article 2mg. IS.oliemw SON-ND dims thulfurm Cmsmurcuul Cede IncludIng butsotdidlsd to yaw ulglan at (a) cancel or repudiate duo Lseeer (Dl rejector revokeacceptanceofde Syst.m (clretover dsmn.gu from urn for any breach atemmranty 0,1cm amy othermesonend(dlgrunt a secuminy inmnaetlo snyEqmaipnamic Is your poss.umcn. lode .etentyouarepamntluedby upplicabla lew,youmulce unynighs you nateortousrumsyhave aider atyutinjie oroderwtos which requiresoeno sd arothsnwiss oneanypsrllcn aldus Systam to reduce our detnagis, which requires ontoprovideyou with ncsfcs atdsfuufr. biteritnoaccilemos umoisite becoming Isis or eccelaretimu ofatnoisuto becoming dim, orwiulehimayoderwios Smiler modlyany alctr or maedha.ANV ACtION YOU TAICEAGAIRET us yom amy DEFAIS.T, NCUJDMO BREACH OF WARRANTY OR NCRAPIIY. NUSrSE STARTED WITHIN ONE (I) YEAR AFTERTHE EVENT WHICH CR13510 IT. VAtcvii sscbeltsbtsicr ofdulsLe,,sorfsruny basis, damages, dilayorfallurenodsllvirds Sysmmue. im~
(REQUIRED)
| Witness: |
| I |
| Shedul. A | ||||||
| To | ||||||
| Lees. Agr m.nt 7270938-001 | ||||||
| Between | ||||||
| 7270938-001 | GinertolElectricCapitalCorporation,asLessor | |||||
| SCHE.xls | And | |||||
| SPIRITS MANAGEMENT INC,as Less | ||||||
| QTY Equipment Description | ||||||
| 1 | XDELTMSF PROGRAM | |||||
| I | ADDITIONAL FUNCTIONALITY | |||||
| OPTION 1SF | ||||||
| I | TELEBLOCK DELEVOPMENT OPTION | |||||
| 1 | PRODUCTION ENHANCEMENT | |||||
| OPTION | ||||||
| LESSEE:SiI | M I | |||||
| BY(~) | ||||||
| TITLE: ______________________________ | ||||||
| DATE: | ||||||
7270938-001
| GE Capital | Page1ofi | |
| ExpressFinencial Solutions |
CERTIFICATE OF ACCEPTANCE
| AGREEMENT#7270938-001 | ||||
| LESSEE: | SPIRITS MANAGEMENT INC | LESSOR: General ElectricCapitalCorporation | ||
| 780 NEW YORKAVENUE | 201 West Big Beaver Rd. Ste 800 | |||
| HUNTINGTON NY 11743 | Troy, MI 48084 | |||
FOREQUIPMENT/SYSTEMDESCRIPTION.SEEATTACHEDINVOICE(S).
Lessee, throughItsauthorized representative, hereby certifiesto Lessor that
1. The Equipment has been delivered to the location where itwillbe used, which is your address given in the Lease.
2.Allof the Equipment has been inspected and is (a) complete, (b) properly installed, (c) functioning, and (d) in good working order.
3. Lessee accepts the Equipment for aft purposes under the Leasea~of________________"A~pthnce Date"), which Is the date onwhich'the Equipmentwasdelivered and installed.
4.The Equipmentis of asize,design,capacity and manufacture acceptable to Lessee and suitable for
Lessee's purposes.,~
5. Lessee is not In default under the Lease and. all of Lessee's statements and promises set forth in the Lease aretrueand correct. THIS CERTIFICATE OF ACCEPTANCE IS SiGNED THIS DAY OF
_________________
| LESSEE~7~1Ar~L~INC |
| TITLE: |
| '¼.) |
| 20_u(the |
7270938-001
| b |
| ~.,20_. |
4
| b |
| ACOAP.CERTIFICATEOFLIABILITYINSURANCE | SP~2~DATE(MM/DD/VYYY) | |||||||||||||||
| B&G Group, Inc. | THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION | |||||||||||||||
| & Glickman, Inc. | ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE | |||||||||||||||
| 8. Ames Court PlainviewNY11803 | HOLDER. THISCERTIFICATE DOES NOT AMEND, EXTEND OR | |||||||||||||||
| Phone: | 516-576-0400 Fax:516-576-1177 | ALTERTHE COVERAGE AFFORDEDBYTHE POLICIES BELOW. | ||||||||||||||
| INSURERS AFFORDING COVERAGE | NAIC# | |||||||||||||||
| Spirits Management Inc. | INSURER A: | USF&G | 357 | |||||||||||||
| 780 New York Ave. | ||||||||||||||||
| Huntington NY 11743 | ||||||||||||||||
| INSURER B: | ||||||||||||||||
| INSURERC: | ||||||||||||||||
| INSURERD' | ||||||||||||||||
| INSURER E: | ||||||||||||||||
| COVERAGES | ||||||||||||||||
| POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NO1WITHSTANDING | ||||||||||||||||
| REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR | ||||||||||||||||
| PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE | ||||||||||||||||
| LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. | ||||||||||||||||
| WD~ | POLICY NUMBER | POLICY EFFECTIVEPOLICY EXPIRATION | LIMITS | |||||||||||||
| NSRI TYPE OF INSURANCE | DATE (MM/DDfYY) | DATE (MM/DDIYY) | ||||||||||||||
| GENERAL LIABILITY | BK01518757 | 10/04/03 | 10/04/04 | EACH OCCURRENCE | $1 ,000,000 | |||||||||||
| -1 | ||||||||||||||||
| XCOMMERCIAL GENERAL | ||||||||||||||||
| LIABILITY | ||||||||||||||||
| ~1OCCUR | ||||||||||||||||
| ] | ||||||||||||||||
| GEN'L AGGREGATE LIMIT | ||||||||||||||||
| APPLIESflPER:fl | ||||||||||||||||
| -X~POLICY ~ | LOC | |||||||||||||||
| UAMA(i~lUK~NIEL) | $300,000 | |||||||||||||||
| PREMISES(Ea occureoce) | ||||||||||||||||
| MEDEXP(Anyoneperson) | $10,000 | |||||||||||||||
| PERSONAL & ADV INJURY | $Excluded | |||||||||||||||
| GENERAL AGGREGATE | ||||||||||||||||
| $2,000,000 | ||||||||||||||||
| PRODUCTS. COMP/OP AGG | ||||||||||||||||
| $2, 000,000 | ||||||||||||||||
| ' | - | |||||||||||||||
| AUTOMOBILE LIABILITY | . | COMBINED SINGLE LIMIT | $ | |||||||||||||
| (~accident) | ||||||||||||||||
| - | ANY AUTO | .'-'~ | ' ' ' " " ' | |||||||||||||
| - | ALL OWNED AUTOS | |||||||||||||||
| - | SCHEDULED AUTOS | |||||||||||||||
| - | HIRED AUTOS--~" ~-~" ". | |||||||||||||||
| - | NON-OWNED | |||||||||||||||
| AUTOS | ||||||||||||||||
| BODILY INJURY-~ -~(Per | $ | |||||||||||||||
| person) | . | |||||||||||||||
| AODILYI~JURY'~'" | $ | |||||||||||||||
| Cera en) | ||||||||||||||||
| PROPERTY DAMAGE (Per | ||||||||||||||||
| accIdent) | ||||||||||||||||
| AUTO ONLY-EAACCIDENT | $ | |||||||||||||||
| - | GARAGE LIABILITY ANY AUTO | |||||||||||||||
| T | ||||||||||||||||
| OTHER THAN | EAACS | |||||||||||||||
| AUTO ONLY: AGO | ||||||||||||||||
| S | ||||||||||||||||
| ' | ||||||||||||||||
| EXCESS/UMBRELLA LIABILITY | EACH OCCURRENCE | S | ||||||||||||||
| - | ||||||||||||||||
| OCCUR[I] | CLAIMS MADE | |||||||||||||||
| DEDUCTIBLE | ||||||||||||||||
4
| b |
| RETENTION $ | ||||||||||||
| AGGREGATE | $ | |||||||||||
| S | ||||||||||||
| S | ||||||||||||
| S | ||||||||||||
| -WORKERS COMPENSATION AND | LIMITSI WCSTATU-ER0TH-TORY | |||||||||||
| EMPLOYERS' LIABILITY | ||||||||||||
| ANY PROPRIETOR/PARTNER/EXECUTIVE | ||||||||||||
| OFFICER/MEMBER EXCLUDED? | ||||||||||||
| yes,describe under | ||||||||||||
| SPECIAL PROVISIONSbelow | ||||||||||||
| EL. EACH ACCIDENT | S | |||||||||||
| EL. DISEASE.EA EMPLOYEE | S | |||||||||||
| EL. DISEASE POLICY LIMIT | S | |||||||||||
| - | ||||||||||||
| OTHER | BK01518757 | 10/04/03 | 10/04/04 | Contents 457,334Ded | 500 | |||||||
| Special Form | ||||||||||||
| OF OPERATIONS/ | LOCATIONS! VEHICLES/ EXCLUSIONS ADDED BY ENDORSEMENT! SPECIAL PROVISIONS | |||||||||||
Certificate Holder is listed as Loss Payee as respects leased equipment. Subject to policy terms, conditions & exclusions.
| 727nI~4~OO/ | ||||
| CERTIFICATE HOLDER | CANCELLATION | |||
| GECACE1 | EXPIRATIONSHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLEDBEFORE THE | |||
| DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TOMAIL10DAYS WRITTEN | ||||
| G.E.CAPITAL | NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUTFAILURETO DO SO | |||
| , | SHALL | |||
| INSURANCE DEPT. | IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR | |||
| P.O. BOX3083 | ||||
| CEDAR RAPIDSIA524063083 | ||||
| REPRESENTATiVES. | ||||
| AUTHORIZEDREPRESE TIV9\/~o~~O"~.4)°~ | ||||
| ~IJR'~ | ||||
| ACORD 25 (2001/08) |
DøcL7 (QUI~4Mc~D CORPORATION 1988
| b |
| bdIIIT. Th~Iancev |
| ,4c~2 |
| 177~t~ |
| FACSIMILE ITTAL SHEET |
| , |
| ~ |
| ~ |
| COMPANY: | ' | |
| ~ | ~-~,/~/ov | |
| TOTAL NO. OFPAGES | ||
| INCLUDING | ||
| o | 0FOR REVIEW0PLEASE COMMENT0PLEASE REPLY0PLEASE RECYCLE | |
| URGENT | ||
| NOTES/COMMENTS: | ||
| 7~7~73f'~ |
| Wi |
| 90PRATT OVAL GLEN COVE, NY 11542 |
| ACORD 25 (2001/08) |
DøcL7 (QUI~4Mc~D CORPORATION 1988
| - | ||||
| ~~ANSMISSION | VERIFICATION REPO~~j | FAX : 5166762420 | ||
| : | TEL | |||
| TIME | 02/23/2004 @1:56 | |||
| NAME : CALL COMPLIANCE | SER.#:BR0E233644@9 | |||
PHONE:516-674-4545/FAX: 516-676-2420
| - |
| NOTES/COMMENTS: |
| /~O77~,&øL&~C~ |
PHONE:516-674-4545/FAX: 516-676-2420