EXHIBIT 10.5
[Letterhead of SPAR MARKETING SERVICES, INC.]
MERCHANDISING * MARKETING INTELLIGENCE * DATABASE MARKETING * TELESERVICES *
E-COMMERCE
SERVICES DEFINED BY THE RETURN THEY GENERATE
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THIS IS COUNTERPART NO. 1 OF 3 SERIALLY NUMBERED COUNTERPARTS. TO THE EXTENT
THAT THIS DOCUMENT CONSTITUTES CHATTEL PAPER UNDER THE UNIFORM COMMERCIAL CODE,
NO SECURITY INTEREST IN THIS DOCUMENT MAY BE CREATED THROUGH THE TRANSFER AND
POSSESSION OF ANY COUNTERPART OTHER THAN COUNTERPART NO. 1.
EQUIPMENT LEASING SCHEDULE NO. 004
Dated: as of March 24, 2005
(this "Schedule")
Incorporating by Reference
Master Lease Agreement dated as of November 1, 2004
between
SPAR Marketing Services, Inc., as "Lessor",
and
SPAR Marketing Force, Inc., as "Lessee"
(as the same may be supplemented or amended from time to time
in the manner provided therein the "Master Agreement")
LESSEE AGREES TO LEASE THE HEREIN DESCRIBED EQUIPMENT FROM LESSOR, AND LESSOR BY
ACCEPTANCE OF THIS SCHEDULE, AGREES TO LEASE THE EQUIPMENT TO LESSEE ON THE
TERMS AND CONDITIONS SET FORTH IN THIS SCHEDULE, WHICH HEREBY INCORPORATES
HEREIN BY REFERENCE ALL OF THE TERMS AND PROVISIONS OF THE MASTER AGREEMENT WITH
THE SAME FORCE AND EFFECT AS THOUGH FULLY SET FORTH HEREIN.
Rental Commencement Date: 3/24/05
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Purchased From: Cost
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SSE Products, Inc.
d/b/a SSE Technologies/Insight
105 Handheld Computers Series
9550 balance, invoice #63718 $82,727.35
Term: 36 Months
Lease Rate Factor: 2.83%
Monthly Rental Payment: $2,341.18
USING TOMORROW'S TOOLS TO SOLVE TODAY'S CHALLENGES
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SPAR MARKETING SERVICES, INC. CORPORATE OFFICE
* 580 WHITE PLAINS ROAD *TARRYTOWN, NY 10591
Phone 914-332-4100 * Fax 914-332-0741 *
Email: servingyou@sparinc.com * Website: www.sparinc.com
[Letterhead of SPAR MARKETING SERVICES, INC.]
MERCHANDISING * MARKETING INTELLIGENCE * DATABASE MARKETING * TELESERVICES *
E-COMMERCE
SERVICES DEFINED BY THE RETURN THEY GENERATE
THIS SCHEDULE, TOGETHER WITH THE MASTER AGREEMENT AND THE OTHER DOCUMENTS
REFERRED TO HEREIN AND THEREIN AND/OR EXECUTED IN CONNECTION HEREWITH OR
THEREWITH, CONSTITUTE THE ENTIRE AGREEMENT BETWEEN LESSOR AND LESSEE AS TO THE
LEASING OF THE EQUIPMENT. LESSEE ACKNOWLEDGES THAT ON OR BEFORE LESSEE'S
EXECUTION AND DELIVERY OF THIS SCHEDULE IT RECEIVED A COPY OF THE PURCHASE ORDER
AND OTHER PURCHASE CONTRACTS EVIDENCING THE ACQUISITION OF THE EQUIPMENT BY
LESSOR.
` BY EXECUTION OF THIS SCHEDULE, THE
UNDERSIGNED CERTIFIES THAT HE/SHE HAS READ
THIS SCHEDULE, HAS EXECUTED AND ENTERED INTO
THIS SCHEDULE ON BEHALF OF LESSEE AND IS
DULY AUTHORIZED TO DO SO
/s/ Robert G. Brown /s/ Charles Cimitile
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Robert G. Brown Charles Cimitile
Chairman and Chief Executive Officer Chief Financial Officer
SPAR Marketing Services, Inc. SPAR Marketing Force, Inc.
USING TOMORROW'S TOOLS TO SOLVE TODAY'S CHALLENGES
- --------------------------------------------------------------------------------
SPAR MARKETING SERVICES, INC. CORPORATE OFFICE
* 580 WHITE PLAINS ROAD *TARRYTOWN, NY 10591
Phone 914-332-4100 * Fax 914-332-0741 *
Email: servingyou@sparinc.com * Website: www.sparinc.com