1
EXHIBIT 10.34
LEASE MANAGEMENT SERVICES, INC.
EQUIPMENT FINANCING AGREEMENT
(Number 10787)
THIS EQUIPMENT FINANCING AGREEMENT NUMBER 10787 ("Agreement") is dated as of the
date set forth at the foot hereof and is between LEASE MANAGEMENT SERVICES, INC.
("Secured Party") and IRORI INCORPORATED, ("Debtor").
1. EQUIPMENT; SECURITY INTEREST. The terms and conditions of this Agreement
cover each item of machinery, equipment and other property (individually an
"Item" or "Item of Equipment" and collectively the "Equipment") described in a
schedule now or hereafter executed by the parties hereto and made a part hereof
(individually a "Schedule" and collectively the "Schedules"). Debtor hereby
grants Secured Party a security interest in and to all Debtor's right, title and
interest in and to the Equipment under the Uniform Commercial Code, such grant
with respect to an Item of Equipment to be as of Debtor's execution of a related
Equipment Financing Commitment referencing this Agreement or, if Debtor then has
no interest in such Item, as of such subsequent time as Debtor acquires an
interest in the Item. Such security interest is granted by Debtor to secure
performance by Debtor of Debtor's obligations to Secured Party hereunder and
under any other agreements under which Debtor has or may hereafter have
obligations to Secured Party. Debtor will ensure that such security interest
will be and remain a sole and valid first lien security interest subject only to
the lien of current taxes and assessment not in default but only if such taxes
are entitled to priority as a matter of law.
2. DEBTOR'S OBLIGATIONS. The obligations of Debtor under this Agreement
respecting an Item of Equipment, except the obligation to pay installment
payments with respect thereto which will commence as set forth in Paragraph 3
below, commence upon the grant to Secured Party of a security interest in the
Item. Debtor's obligations hereunder with respect to an Item of Equipment and
Secured Party's security interest therein will continue until payment of all
amounts due, and performance of all terms and conditions required hereunder
provided, however, that if this Agreement is in default said obligations and
security interest will continue during the continuance of said default. Upon
termination of Secured Party's security interest in an Item of Equipment,
Secured Party will execute such release of interest with respect thereto as
Debtor reasonably requests.
3. INSTALLMENT PAYMENTS AND OTHER PAYMENTS. Debtor will repay advances Secured
Party makes on account of the Equipment in installment payments in the amounts
and at the times set forth in the Schedules, whether or not Secured Party has
rendered an invoice therefor, at the office of Secured Party set forth at the
foot hereof, or to such person and/or at such other place as Secured Party may
from time to time designate by notice to Debtor. Any other amounts required to
be paid Secured Party by Debtor hereunder are due upon Debtor's receipt of
Secured Party's invoice therefor and will be payable as directed in the invoice.
Payments under this Agreement may be applied to Debtor's then accrued
obligations to Secured Party in such order as Secured Party may choose.
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EQUIPMENT FINANCING AGREEMENT 10787
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4. NET AGREEMENT; NO OFFSET, SURVIVAL. This Agreement is a net agreement, and
Debtor will not be entitled to any abatement of installment payments or other
payments due hereunder or any reduction thereof under any circumstance or for
any reason whatsoever. Debtor hereby waives any and all existing and future
claims, as offsets, against any installment payments or other payments due
hereunder and agrees to pay the installment payments and other amounts due
hereunder as and when due regardless of any offset or claim which may be
asserted by Debtor or on its behalf. The obligations and liabilities of Debtor
hereunder will survive the termination of the Agreement.
5. FINANCING AGREEMENT. THIS AGREEMENT IS SOLELY A FINANCING AGREEMENT. DEBTOR
ACKNOWLEDGES THAT THE EQUIPMENT HAS OR WILL HAVE BEEN SELECTED AND ACQUIRED
SOLELY BY DEBTOR FOR DEBTOR'S PURPOSES, THAT SECURED PARTY IS NOT AND WILL NOT
BE THE VENDOR OF ANY EQUIPMENT AND THAT SECURED PARTY HAS NOT MADE AND WILL NOT
MAKE ANY AGREEMENT, REPRESENTATION OR WARRANTY WITH RESPECT TO THE
MERCHANTABILITY, CONDITION, QUALIFICATION OR FITNESS FOR A PARTICULAR PURPOSE OR
VALUE OF THE EQUIPMENT OR ANY OTHER MATTER WITH RESPECT THERETO IN ANY RESPECT
WHATSOEVER.
6. NO AGENCY. DEBTOR ACKNOWLEDGES THAT NO AGENT OF THE MANUFACTURER OR OTHER
SUPPLIER OF AN ITEM OF EQUIPMENT OR OF ANY FINANCIAL INTERMEDIARY IN CONNECTION
WITH THIS AGREEMENT IS AN AGENT OF SECURED PARTY. SECURED PARTY IS NOT BOUND BY
A REPRESENTATION OF ANY SUCH PARTY AND, AS CONTEMPLATED IN PARAGRAPH 27 BELOW,
THE ENTIRE AGREEMENT OF SECURED PARTY AND DEBTOR CONCERNING THE FINANCING OF THE
EQUIPMENT IS CONTAINED IN THIS AGREEMENT AS IT MAY BE AMENDED ONLY AS PROVIDED
IN THAT PARAGRAPH.
7. ACCEPTANCE. Execution by Debtor and Secured Party of a Schedule covering the
Equipment or any Items thereof will conclusively establish that such Equipment
has been included under and will be subject to all the terms and conditions of
this Agreement. If Debtor has not furnished Secured Party with an executed
Schedule by the earlier of fourteen (14) days after receipt thereof or
expiration of the commitment period set forth in the applicable Equipment
Financing Agreement, Secured Party may terminate its obligation to advance funds
as to the applicable Equipment.
8. LOCATION; INSPECTION; USE. Debtor will keep, or in the case of motor
vehicles, permanently garage and not remove from the United States, as
appropriate, each Item of Equipment in Debtor's possession and control at the
Equipment Location designated in the applicable Schedule, or at such other
location to which such Item may have been moved with the prior written consent
of Secured Party. Whenever requested by Secured Party, Debtor will advise
Secured Party as to the exact location of an Item of Equipment. Secured Party
will have the right to inspect the Equipment and observe its use during normal
business hours, subject to Debtor's security procedures and to enter into and
upon the premises where the Equipment may be located for such purpose. The
Equipment will at all times be used solely for commercial or
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EQUIPMENT FINANCING AGREEMENT 10787
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business purposes and operated in a careful and proper manner and in compliance
with all applicable laws, ordinances, rules and regulations, all conditions and
requirements of the policy or policies of insurance required to be carried by
Debtor under the terms of this Agreement and all manufacturer's instructions and
warranty requirements. Any modifications or additions to the Equipment required
by any such governmental edict or insurance policy will be promptly made by
Debtor.
9. ALTERATIONS; SECURITY INTEREST COVERAGE. Without the prior written consent of
Secured Party, Debtor will not make any alterations, additions or improvements
to any Item of Equipment which detract from its economic value or functional
utility, except as may be required pursuant to Paragraph 8 above. Secured
Party's security interest in the Equipment will include all modifications and
additions thereto and replacements and substitutions therefor, in whole or in
part. Such reference to replacements and substitutions will not grant Debtor
greater rights to replace or substitute than are provided in Paragraph 11 below
or as may be allowed upon the prior written consent of Secured Party.
10. MAINTENANCE. Debtor will maintain the Equipment in good repair, condition
and working order. Debtor will also cause each Item of Equipment for which a
service contract is generally available to be covered by such a contract which
provides coverages typical to property of the type involved and is issued by a
competent servicing entity.
11. LOSS AND DAMAGE; CASUALTY VALUE. In the event of the loss of, theft of,
requisition of, damage to or destruction of an Item of Equipment ("Casualty
Occurrence"), Debtor will give Secured Party prompt notice thereof and will
thereafter place such Item in good repair, condition and working order,
provided, however, that if such Item is determined by Secured Party to be lost,
stolen, destroyed or damaged beyond repair, is requisitioned or suffers a
constructive total loss as defined in any applicable insurance policy carried by
Debtor in accordance with Paragraph 14 below, Debtor, at Secured Party's option,
will (a) replace such Item with like Equipment in good repair, condition and
working order whereupon such replacement equipment will be deemed such Item for
all purposes hereof or (b) pay Secured Party the "Casualty Value" of such Item
which will equal the total of (i) all installment payments and other amounts due
from Debtor to Secured Party at the time of such payment and (ii) future
installment payments due with respect to such Item with each such payment
including any final uneven payment discounted at a rate equal to the discount
rate of the Federal Reserve Bank of San Francisco from the date due to the date
of such payment.
Upon such replacement or payment, as appropriate, this Agreement and Secured
Party's security interest will terminate with, and only with, respect to the
Item of Equipment so replaced or as to which such payment is made in accordance
with Paragraph 2 above.
12. TITLING; REGISTRATION. Each item of Equipment subject to title registration
laws will at all times be titled and/or registered by Debtor as Secured Party's
agent and attorney-in-fact with full power and authority to register (but
without power to affect title to) the Equipment in such manner and in such
jurisdiction or jurisdictions as Secured Party directs. Debtor will promptly
notify Secured Party of any necessary or advisable retitling and/or
reregistration of an Item of Equipment in a jurisdiction other than the one in
which such Item is then titled and/or
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EQUIPMENT FINANCING AGREEMENT 10787
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registered, Any and all documents of title will be furnished or caused to be
furnished Secured Party by Debtor within sixty (60) days of the date any titling
or registering or restating or reregistering, as appropriate, is directed by
Secured Party.
13. TAXES. Debtor will make all filings as to and pay when due all personal
property and other ad valorem taxes and all other taxes, fees, charges and
assessments based on the ownership or use of the Equipment and will pay as
directed by Secured Party or reimburse Secured Party for all other taxes,
including, but not limited to, gross receipt taxes (exclusive of federal and
state taxes based on Secured Party's net income, unless such net income taxes
are in substitution for or relieve Debtor from any taxes which Debtor would
otherwise be obligated to pay under the terms of this Paragraph 13), fees,
charges and assessments whatsoever, however designated, whether based on the
installment payments or other amounts due hereunder, levied, assessed or imposed
upon the Equipment or otherwise related hereto or to the Equipment, now or
hereafter levied, assessed or imposed under the authority of a federal, state,
or local taxing jurisdiction, regardless of when and by whom payable. Filings
with respect to such other amounts will, at Secured Party's option, be made by
Secured Party or by Debtor as directed by Secured Party.
14. INSURANCE. Debtor will procure and continuously maintain all risk insurance
against loss or damage to the Equipment from any cause whatsoever for not less
than the full replacement value thereof naming Secured Party as Loss Payee. Such
insurance must be in a form and with companies approved by Secured Party, must
provide at least thirty (30) days advance written notice to Secured Party of
cancellation, change or modification in any term, condition, or amount of
protection provided therein, must provide full breach of warranty protection and
must provide that the coverage is "primary coverage" (does not require
contribution from any other applicable coverage). Debtor will provide Secured
Party with an original policy or certificate evidencing such insurance. In the
event of an assignment of this Agreement of which Debtor has notice, Debtor will
cause such insurance to provide the same protection to the assignee as its
interests may appear. The proceeds of such insurance, at the option of the
Secured Party or such assignee, as appropriate, will be applied toward (a)
repair or replacement of the appropriate Item or Items of Equipment, (b) payment
of the Casualty Value thereof and/or (c) payment of, or as provision for,
satisfaction of any other accrued obligations of Debtor hereunder. Debtor hereby
appoints Secured Party as Debtor's attorney-in-fact with full power and
authority to do all things, including, but not limited to, making claims,
receiving payments and endorsing documents, checks or drafts, necessary to
secure payments due under any policy contemplated hereby on account of a
Casualty Occurrence. Debtor and Secured Party contemplate that the jurisdictions
where the Equipment will be located will not impose any liability upon Secured
Party for personal injury and/or property damage resulting out of the
possession, use, operation or condition of the Equipment. In the event Secured
Party determines that such is not or may not be the case with respect to a given
jurisdiction, Debtor will provide Secured Party with public liability and
property damage coverage applicable to the Equipment in such amounts and in such
form as Secured party requires.
15. SECURED PARTY'S PAYMENT. If Debtor fails to pay any amounts due hereunder or
to perform any of its other obligations under this Agreement, Secured Party may,
at its option, but without any obligation to do so, pay such amounts or perform
such obligations, and Debtor
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EQUIPMENT FINANCING AGREEMENT 10787
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will reimburse Secured Party the amount of such payment or cost of such
performance, plus interest at 1.5% per month.
16. INDEMNITY. Debtor does hereby assume liability for and does agree to
indemnify, defend, protect, save and keep harmless Secured Parry from and
against any and all liabilities, losses, damages, penalties, claims, actions,
suits, costs, expenses and disbursements, including court costs and legal
expenses, of whatever kind and nature, imposed on, incurred by or asserted
against Secured Party (whether or not also indemnified against by any other
person) in any way relating to or arising out of this Agreement or the
manufacture, financing, ownership, delivery, possession, use, operation,
condition or disposition of the Equipment by Secured Party or Debtor, including,
without limitation, any claim alleging latent and other defects, whether or not
discoverable by Secured Party or Debtor, and any other claim arising out of
strict liability in tort, whether or not in either instance relating to an event
occurring while Debtor remains obligated under this Agreement, and any claim for
patent, trademark or copyright infringement. Debtor agrees to give Secured Party
and Secured Party agrees to give Debtor notice of any claim or liability hereby
indemnified against promptly following learning thereof.
17. DEFAULT. Any of the following will constitute an event of default hereunder:
(a) Debtor's failure to pay when due any installment payment or other amount due
hereunder, which failure continues for ten (10) days after the due date thereof;
(b) Debtor's default in performing any other obligation, term or condition of
this Agreement or any other agreement between Debtor and Secured Party or
default under any further agreement providing security for the performance by
Debtor of its obligations hereunder provided such default has continued for more
than twenty (20) days, except as provided in (c) and (d) hereinbelow, or,
without limiting the generality of subparagraph (1) hereinbelow, default under
any lease or any mortgage or other instrument contemplating the provision of
financial accommodation applicable to the real property where an Item of
Equipment is located; (c) any writ or order of attachment or execution or other
legal process being levied on or charged against any Item of Equipment and not
being released or satisfied within ten (10) days; (d) Debtor's failure to comply
with its obligations under Paragraph 14 above or any transfer by Debtor in
violation of Paragraph 21 below; (e) a non-appealable judgment for the payment
of money in excess of $100,000 being rendered by a court of record against
Debtor which Debtor does not discharge or make provision for discharge in
accordance with the terms thereof within ninety (90) days from the date of entry
thereof; (f) death or judicial declaration of incompetency of Debtor, if an
individual; (g) the filing by Debtor of a petition under the Bankruptcy Code or
any amendment thereto or under any other insolvency law or law providing for the
relief of debtors, including, without limitation, a petition for reorganization,
arrangement or extension, or the commission by Debtor of an act of bankruptcy;
(h) the filing against Debtor of any such petition not dismissed or permanently
stayed within thirty (30) days, of the filing thereof; (i) the voluntary or
involuntary making of an assignment of substantial portion of its assets by
Debtor for the benefit of creditors, appointment of a receiver or trustee for
Debtor or for any of Debtor's assets, institution by or against Debtor or any
other type of insolvency proceeding (under the Bankruptcy Act or otherwise) or
of any formal or informal proceeding for dissolution, liquidation, settlement of
claims against or winding up of the affairs of Debtor, Debtor's cessation of
business activities or the making by Debtor of a transfer of all or a material
portion of Debtor's assets or inventory not in the ordinary
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course of business; (j) the occurrence of any event described in parts (e), (f),
(g), (h) or (i) hereinabove with respect to any guarantor or other party liable
for payment or performance of this Agreement; (k) any certificate, statement,
representation, warranty or audit heretofore or hereafter furnished with respect
hereto by or on behalf of Debtor or any guarantor or other party liable for
payment or performance of this Agreement proving to have been false in any
material respect at the time as of which the facts therein set forth were stated
or certified or having omitted any substantial contingent or unliquidated
liability or claim against Debtor or any such guarantor or other party; (l)
breach by Debtor of any lease or other agreement providing financial
accommodation under which Debtor or its property is bound; or (m) a transfer of
effective control of Debtor, if an organization.
18. REMEDIES. Upon the occurrence of an event of default, Secured Party will
have the rights, options, duties and remedies of a secured party, and Debtor
will have the rights and duties of a debtor, under the Uniform Commercial Code
(regardless of whether such Code or a law similar thereto has been enacted in a
jurisdiction wherein the rights or remedies are asserted) and, without limiting
the foregoing, Secured Party may exercise any one or more of the following
remedies: (a) declare the Casualty Value or such lesser amount as may be set by
law immediately due and payable with respect to any or all Items of Equipment
without notice or demand to Debtor; (b) xxx from time to time for and recover
all installment payments and other payments then accrued and which accrue during
the pendency of such action with respect to any or all Items of Equipment; (c)
take possession of and, if deemed appropriate, render unusable any or all Items
of Equipment, without demand or notice, wherever same may be located, without
any court order or other process of law and without liability for any damages
occasioned by such taking of possession and remove, keep and store the same or
use and operate or lease the same until sold; (d) require Debtor to assemble any
or all Items of Equipment at the Equipment Location therefor, or at such
location to which such Equipment may have been moved with the written consent of
Secured Party or such other location in reasonable proximity to either of the
foregoing as Secured Party designates; (e) upon ten (10) days notice to Debtor
or such other notice as may be required by law, sell or otherwise dispose of any
Item of Equipment, whether or not in Secured Party's possession, in a
commercially reasonable manner at public or private sale at any place deemed
appropriate and apply the new proceeds of such sale, after deducting all costs
of such sale, including, but not limited to, costs of transportation,
repossession, storage, refurbishing, advertising and brokers' fees, to the
obligations of Debtor to Secured Party hereunder or otherwise, with Debtor
remaining liable for any deficiency and with any excess being returned to
Debtor; (f) upon thirty (30) days notice to Debtor, retain any repossessed or
assembled Items of Equipment as Secured Party's own property in full
satisfaction of Debtors liability for the installment payments due hereunder
with respect thereto, provided that Debtor will have the right to redeem such
Items by payment in full of its obligations to Secured Party hereunder or
otherwise or to require Secured Party to sell or otherwise dispose of such Items
in the manner set forth in subparagraph (e) hereinabove upon notice to Secured
Party within such thirty (30) day period; or (g) utilize any other remedy
available to Secured Party under the Uniform Commercial Code or similar
provision of law or otherwise at law or in equity.
No right or remedy conferred herein is exclusive of any other right or remedy
conferred herein or by law; but all such remedies are cumulative of every other
right or remedy conferred hereunder
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or at law or in equity, by statute or otherwise, and may be exercised
concurrently or separately from time to time. Any sale contemplated by
subparagraph (e) of this Paragraph 18 may be adjourned from time to time by
announcement at the time and place appointed for such sale, or for any such
adjourned sale, without further published notice, Secured Party may bid and
become the purchaser at any such sale. Any sale of an Item of Equipment, whether
under said subparagraph or by virtue of judicial proceedings, will operate to
divest all right, title, interest, claim and demand whatsoever; either at law or
in equity, of Debtor in and to said item and will be a perpetual bar to any
claim against such Item, both at law and in equity, against Debtor and all
persons claiming by, through or under Debtor.
19. DISCONTINUANCE OF REMEDIES. If Secured Party proceeds to enforce any right
under this Agreement and such proceedings are discontinued or abandoned for any
reason or are determined adversely, then and in every such case Debtor and
Secured Party will be restored to their former positions and rights hereunder.
20. SECURED PARTY'S EXPENSES. Debtor will pay Secured Party all costs and
expenses, including attorney's fees and court costs and sales costs not offset
against sales proceeds under Paragraph 18 above, incurred by Secured Party in
exercising any of its rights or remedies hereunder or enforcing any of the
terms, conditions or provisions hereof. This obligation includes the payment or
reimbursement of all such amounts whether an action is ultimately filed and
whether an action is ultimately dismissed.
21. ASSIGNMENT. Without the prior written consent of Secured Party, Debtor will
not sell, lease, pledge or hypothecate, except as provided in this Agreement,
any Item of Equipment or any interest therein or assign, transfer, pledge, or
hypothecate this Agreement or any interest in this Agreement or permit the
Equipment to be subject to any lien, charge or encumbrance of any nature except
the security interest of Secured Party contemplated hereby. Debtor's interest
herein is not assignable and will not be assigned or transferred by operation of
law. Consent to any of the foregoing prohibited acts applies only in the given
instance and is not a consent to any subsequent like act by Debtor or any other
person.
All rights of Secured Party hereunder may be assigned, pledged, mortgaged,
transferred or otherwise disposed of, either in whole or in part, without notice
to Debtor but always, however, subject to the rights of Debtor under this
Agreement. If Debtor is given notice of any such assignment, Debtor will
acknowledge receipt thereof in writing. In the event Secured Party assigns this
Agreement or the installment payments due or to become due hereunder or any
other interest herein, whether as security for any of its indebtedness or
otherwise, no breach or default by Secured Party hereunder or pursuant to any
other agreement between Secured Party and Debtor, should there be one, will
excuse performance by Debtor of any provision hereof, it being understood that
in the event of such default or breach by Secured Party that Debtor will pursue
any rights on account thereof solely against Secured Party. No such assignee,
unless such assignee agrees in writing, will be obligated to perform any duty,
covenant or condition required to be performed by Secured Party in connection
with this Agreement.
Subject always to the foregoing, this Agreement inures to the benefit of, and is
binding upon, the heirs, legatees, personal representative, successors and
assigns of the parties hereto.
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22. MARKINGS; PERSONAL PROPERTY. If Secured Party supplies Debtor with labels,
plates, decals or other markings stating that Secured Party has an interest in
the Equipment, Debtor will affix and keep the same prominently displayed on the
Equipment or will otherwise xxxx the Equipment or its then location or
locations, as appropriate, at Secured Party's request to indicate Secured
Parry's security interest in the Equipment. The Equipment is, and at all times
will remain, personal property notwithstanding that the Equipment or any Item
thereof may now be, or hereafter become, in any manner affixed or attached to,
or embedded in, or permanently resting upon real property or any improvement
thereof or attached in any manner to what is permanent as by means of cement,
plaster, nails, bolts, screws or otherwise. If requested by Secured Party,
Debtor will obtain and deliver to Secured Party waivers of interest or liens in
recordable form satisfactory to Secured Party from all persons claiming any
interest in the real property on which an Item of Equipment is or is to be
installed or located.
23. LATE CHARGES. Time is of the essence in this Agreement and if any
Installment Payment is not paid within ten (10) days after the due date thereof,
Secured Party shall have the right to add and collect, and Debtor agrees to pay:
a late charge on and in addition to, such Installment Payment equal to five
percent (5%) of such Installment Payment or a lesser amount if established by
any state or federal statute applicable thereto, and (b) interest on such
Installment Payment from thirty (30) days after the due date until paid at the
highest contract rate enforceable against Debtor under applicable law but never
to exceed eighteen percent (18%) per annum.
24. NON-WAIVER. No covenant or condition of this Agreement can be waived except
by the written consent of Secured Party. Forbearance or indulgence by Secured
Party in regard to any breach hereunder will not constitute a waiver of the
related covenant or condition to be performed by Debtor.
25. ADDITIONAL DOCUMENTS. In connection with and in order to perfect and
evidence the security interest in the Equipment granted Secured Party hereunder
Debtor will execute and deliver to Secured Party such financing statements and
similar documents as Secured Party requests. Debtor authorizes Secured Party
where permitted by law to make filings of such financing statements without
Debtor's signature. Debtor further will furnish Secured Party (a) on a timely
basis, Debtor's future financial statements, including Debtor's most recent
annual report, balance sheet and income statement, prepared in accordance with
generally accepted accounting principles, which reports, Debtor warrants, shall
fully and fairly represent the true financial condition of Debtor (b) any other
information normally provided by Debtor to the public and (c) such other
financial data or information relative to this Agreement and the Equipment,
including, without limitation, copies of vendor proposals and purchase orders
and agreements, listings of serial numbers or other identification data and
confirmations of such information, as Secured Party may from time to time
reasonably request. Debtor will procure and/or execute, have executed,
acknowledge, have acknowledged, deliver to Secured Party, record and file such
other documents and showings as Secured Party deems necessary or desirable to
protect its interest in and rights under this Agreement and interest in the
Equipment. Debtor will pay as directed by Secured Party or reimburse Secured
Party for all filing, search, title report, legal and other fees incurred by
Secured Party in connection with any documents to
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be provided by Debtor pursuant to this Paragraph or Paragraph 22 and any further
similar documents Secured Party may procure.
26. DEBTOR'S WARRANTIES. Debtor certifies and warrants that the financial data
and other information which Debtor has submitted, or will submit, to Secured
Party in connection with this Agreement is, or will be at time of delivery, as
appropriate, a true and complete statement of the matters therein contained.
Debtor further certifies and warrants: (a) this Agreement has been duly
authorized by Debtor and when executed and delivered by the person signing on
behalf of Debtor below will constitute the legal, valid and binding obligation,
contract and agreement of Debtor enforceable against Debtor in accordance with
its respective terms; (b) this Agreement and each and every showing provided by
or on behalf of Debtor in connection herewith may be relied upon by Secured
Party in accordance with the terms thereof notwithstanding the failure of Debtor
or other applicable party to ensure proper attestation thereto, whether by
absence of a seal or acknowledgment or otherwise; (c) Debtor has the right,
power and authority to grant a security interest in the Equipment to Secured
Party for the uses and purposes herein set forth and (d) each Item of Equipment
will, at the time such Item becomes subject hereto, be in good repair, condition
and working order.
27. ENTIRE AGREEMENT. This instrument with exhibits and related documentation
constitutes the entire agreement between Secured Party and Debtor and will not
be amended, altered or changed except by a written agreement signed by the
parties.
28. NOTICES. Notices under this Agreement must be in writing and must be mailed
by United States mail, certified mail with return receipt requested, duly
addressed, with postage prepaid, to the party involved at its respective address
set forth at the foot hereof or at such other address as each party may provide
on notice to the other from time to time. Notices will be effective when
deposited. Each party will promptly notify the other of any change in that
party's address.
29. GENDER, NUMBER; JOINT AND SEVERAL LIABILITY. Whenever the context of this
Agreement requires, the neuter gender includes the feminine or masculine and the
singular number includes the plural; and whenever the words "Secured Party" are
used herein, they include all assignees of Secured Party, it being understood
that specific reference to "assignee" in Paragraph 14 above is for further
emphasis. If there is more than one Debtor named in this Agreement, the
liability of each will be joint and several.
30. TITLES. The titles to the paragraphs of this Agreement are solely for the
convenience of the parties and are not an aid in the interpretation of the
instrument.
31. GOVERNING LAW; VENUE. This Agreement will be governed by and construed in
accordance with the laws of the State of California. Venue for any action
related to the Agreement will be in an appropriate court in San Mateo County,
California, to which Debtor consents, or in another court selected by Secured
Party which has jurisdiction over the parties. In the event any provision hereof
is declared invalid, such provision will be deemed severable from the remaining
provisions of this Agreement, which will remain in full force and effect.
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32. TIME. Time is of the essence of this Agreement and for each and all of its
provisions.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of 10/27,
1995.
IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
By: /s/ Xxxxxxx X. Nova
--------------------------------
Title: President
-----------------------------
SECURED PARTY:
LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
By: /s/ Xxxxxxx X. Xxxxxx
--------------------------------
Title: EVP/General Manager
-----------------------------
11
FIRST ADDENDUM TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10786
BY AND BETWEEN
IRORI INCORPORATED, ("DEBTOR")
AND
LEASE MANAGEMENT SERVICES, INC., ("SECURED PARTY")
The printed form of Equipment Financing Agreement #10787 between the parties
date 10/27, 1995 is amended as follows:
FIRST: In Section 8 line 7, after the word "hours," insert the words "upon prior
notice,".
SECOND: In Section 14, line 3, after the word "as" insert the word "additional".
THIRD: In Section 14, line 4, after the word "companies" insert the word
"reasonably".
FOURTH: In Section 15, line 2, after the word "due" insert the word "to any
third party".
FIFTH: In Section 16, line 6, after the word "the" delete the word
"manufacture,".
SIXTH: In Section 25, line 8, after the word "the" delete the word "true".
SEVENTH: In Section 25, line 9, after the word "condition" insert the phrase
"prepared in accordance with generally accepted accounting principles".
EIGHTH: Section 25, line 15, delete the words "and showings".
NINTH: Section 26, line 3 after the word "a" delete the words "true and
complete.".
TENTH: Section 26, line 4, after the word "contained" insert the phrase
"prepared in accordance with generally accepted accounting principles.".
IN WITNESS WHEREOF the undersigned have executed this First Addendum the 27 day
of October, 1995.
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
---------------------------------- ------------------------------------
Name: Xxxxxxx X. Nova Name: Xxxxxxx X. Xxxxxx
-------------------------------- ----------------------------------
Title: President Title: EVP/General Manager
------------------------------- ---------------------------------
12
LEASE MANAGEMENT SERVICES, INC.
SECURITY DEPOSIT PLEDGE AGREEMENT
PLEDGEE: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxx Xxxx, Xxxxxxxxxx 00000
PLEDGOR: IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
In consideration of, and as an inducement for Pledgee to enter unto Equipment
Financing Agreement Number 10787 and all Schedules thereunder (hereinafter
collectively referred to as the "Agreements") with Pledgor, and to secure the
payment and performance of all Pledgor's obligations under the Agreements,
Pledgor hereby grants and assigns to Pledgee, its successors and assigns, a
security interest in, and hereby deposits and pledges with Pledgee a Security
Deposit in an amount equivalent to 25% of aggregate Equipment cost (including
any soft costs) and 30% for Leasehold Improvements leased or financed for each
Schedule. As used herein, "Security Deposit" shall refer to the aggregate of all
component deposits made under the applicable Schedules. Such pledge is to be
upon the terms and conditions set forth below:
1. Pledgor delivers the Security Deposit to Pledgee to secure the due and
punctual payment and performance of the obligations of Pledgor under the
Agreements. Pledgee will pay 5.5% simple interest per annum on the
Security Deposit, which interest will be accrued for each respective
component of the Security Deposit from the commencement date of the
applicable Schedule and paid when the Security Deposit is returned to
Pledgor.
2. Upon any uncured default by Pledgor under the Agreements, interest
accrual on the Collateral Pledge shall cease and Pledgee may, at its
option, apply the Collateral Pledge and any interest accrued to that
date toward the satisfaction of Pledgor's obligations under the
Agreements, and the payment of all costs and expenses incurred by
Pledgee as a result of such default, including reasonable attorney's
fees. Pledgee is liable to Pledgor only for any surplus remaining from
said Collateral Pledge after the full satisfaction of the foregoing
obligations, costs and expenses.
3. Pledgor waives any rights to require Pledgee to (i) proceed against
Pledgor or any other party; (ii) proceed against or exhaust any security
held from Pledgor; or (iii) pursue any other remedy in Pledgee's power
whatsoever before enforcing the provisions of, and proceeding under the
provisions of, this Security Deposit Pledge Agreement. The obligations
of Pledgor under this Security Deposit Pledge Agreement shall be
absolute and unconditional, and shall remain in full force and effect
without regard to, and shall not be released or discharged or in any way
affected by (a) any amendment or modification of or supplement to the
Agreements; (b) any exercise or non-exercise of
13
SECURITY DEPOSIT PLEDGE AGREEMENT
IRORI INCORPORATED
PAGE 2 OF 2
any right, remedy or privilege under or in respect to this Security
Deposit Pledge Agreement, the Agreements, or any other instrument
provided for in the Agreements, or any waiver, consent, explanation,
indulgence or actions or inaction with respect to any such instrument;
or (c) any bankruptcy, insolvency, reorganization, arrangement,
readjustment, composition, liquidation or similar proceedings of
Pledgor.
4. Pledgee shall have no obligation to segregate said Security Deposit and
Pledgor hereby irrevocably authorizes Pledgee, at Pledgee's sole
election, to commingle said Security Deposit with other assets and funds
held by or belonging to Pledgee. Pledgor may not assign, pledge or
transfer to any party its interest in the Security Deposit and any
attempt to do so shall be null and void.
5. Without notice to Pledgor, Pledgee may freely assign its rights and
obligations hereunder, only in connection with the assignment of the
rights and obligations of this related Equipment Financing Agreement, in
whole or in part, at any time and this Security Deposit Pledge Agreement
shall inure to the successors and assignees of Pledgee. In the event
Pledgee assigns or transfers this Security Deposit Pledge Agreement
along with the Schedules under the Agreements, Pledgor agrees that it
shall look solely to the assignee of Pledgee for the return of said
Security Deposit and Pledgee shall have no further liability to Pledgor
with respect thereto.
6. Provided that the Pledgor is not then in default of its obligations to
the Pledgee under the Agreements or otherwise, Pledgee agrees to reduce
the Security Deposit to 15% for Equipment and 25% for Leasehold
Improvements financed, and make appropriate refunds, with Pledgor's
receipt of additional equity, license fees or other non-refundable cash
such that Pledgor's unrestricted cash balance is at least $6,000,000 or
the equivalent of 12 months' cash needs, whichever is greater. ["12
months' cash needs" is defined as net cash use for the quarter just
completed, multiplied by a factor of 4.]
7. Any remaining Security Deposit and accrued interest will be returned to
Pledgor with Pledgor's achievement of the earlier of A) thru D) below:
A) At such time after 6/30/97 that Pledgor's unrestricted cash,
less debt, is at least $5,000,000 or the equivalent of 12
months' cash needs, whichever is greater. OR,
B) In the event of an acquisition, if a creditworthy acquiror
executes an assignment or guarantee acceptable to Pledgee; OR,
C) Completion of Pledgor's Initial Public Offering with net
proceeds of at least $15,000,000; OR,
D) At such time as Pledgor enters into a subsequent equipment
financing line with Pledgee and executes a Negative Covenant
Pledge Agreement covering all obligations to Pledgee.
14
SECURITY DEPOSIT PLEDGE AGREEMENT
IRORI INCORPORATED
PAGE 3 OF 3
All accounting terms used herein shall be interpreted in accordance with
generally accepted accounting principles.
8. Any reduction/return of the Security Deposit and any payment of interest
prior to the Termination of the Agreements (as defined below) is
contingent upon the following additional conditions: (a) verification of
all benchmarks to be acceptable to Pledgee; (b) Pledgor has made all
payments on a timely basis according to the terms of the Agreements; (c)
Pledgor is not, nor ever has been in default of any financial
obligation; (d) Pledgor, if privately held, has provided monthly
financial statements to Pledgee within 45 days of each month-end or if
Pledgor is publicly held, has provided quarterly statements as required
to be filed by the Securities and Exchange Commission (the "SEC"); (e)
Pledgor, if privately held, has provided annual audited financial
statements to Pledgee within 90 days of Pledgor's fiscal year end or if
Pledgor is publicly held, has provided Pledgee with annual statements as
required to be filed by the SEC; and (f) Pledgor has not suffered any
material adverse change.
The Termination of the Agreements shall be defined as the satisfaction
of all Pledgor's obligations under the Agreements.
9. If the Security Deposit has not previously been returned, upon the
Termination of the Agreements, Pledgee shall deliver the Security
Deposit and accrued interest (less any portion of same cashed, sold,
assigned or delivered pursuant to, and under the circumstances specified
in, Paragraph 2 hereof) to Pledgor, and this Security Deposit Pledge
Agreement shall thereupon be without further effect.
PLEDGOR: PLEDGEE:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
---------------------------------- ------------------------------------
Title: President Title: EVP/General Manager
------------------------------- ---------------------------------
Date: 10/27/95 Date: 10/27/95
-------------------------------- ----------------------------------
15
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 01 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $47,191.91
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or
in this Schedule, the undersigned Debtor promises
to repay the Advance Amount, with interest as
follows:
$1,297.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on October 1, 1995, followed by a payment of
$7,079.00 on April 1, 1999.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 10/27/95
-------------------------------
DEBTOR SECURED PARTY
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------- -----------------------------------
Xxxxxxx X. Xxxxxx
Title: President Title: EVP/General Manager
-------------------------------- --------------------------------
16
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
------------------------------------
Irori Incorporated CREDIT MEMO # 10787-01
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000 DATE 11-Oct-95
Xx Xxxxx, XX 00000
------------------------------------
QUANTITY DESCRIPTION PRICE AMOUNT
-------- ----------- ----------- ---------
RE: EQUIPMENT FINANCING AGREEMENT 10787-01
First Month's Rent: $ 1,297.00
Security Deposit: $11,798.00
Non-Financeable Items:
Freight/Install/Labor $ 893.00
Sales Tax $ 2,364.42
Softcost/Disposables $ 4,374.52
Reimbursement for payment made
to Gensia, Inc. - LMSI Ck. No. 024868
dated 10-10-95. $18,000.00
PLUS:
Vendor Prepayments $(41,350.80)
Prorata Commitment Fee $(208.00)
------------
TOTAL $(2,831.86)
$(2,831.86)
If you have any questions concerning this credit, CHECK PAYABLE TO:
call: (000) 000-0000. Irori Incorporated
THANK YOU FOR YOUR BUSINESS!
17
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 01 to the Equipment
Financing Agreement Number 10787, totaling $47,191.91 against equipment
purchases, as follows:
$47,191.91 Proceeds from Equipment Financing Agreement Number
10787-01.
LESS:
$1,297.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first
installment payment due October 1, 1995.
$11,798.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security
Deposit.
$13,406.55 Due to pay vendors as more fully described on the
Exhibit A-2 attached hereto and made a part hereof.
$66.50 Due to State Board of Equalization for sales tax
adjustment on BioMedic Data Systems, Inc., Invoice
No. 9521848.
$18,000.00 Due to LEASE MANAGEMENT SERVICES, INC. for reimbursement
for Promissory Note Number IRO951 dated 10-10-95.
PLUS:
$208.00 Credit for Commitment fee refund.
$2,831.86 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
----------------------------------
Title: President
-------------------------------
Date: 10/27/95
--------------------------------
18
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 01 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $47,191.91
Debtor: /s/ MPN (Initials)
------------
Secured Party: /s/ BBK (Initials)
-----------
19
IRORI INCORPORATED
EXHIBIT A-2
10787-01
FREIGHT
EQ SALES SALES TAX VENDOR INSTALL TOTAL
VENDOR INVOICE DATE COST TAX RATE TO VENDOR REBATE LABOR INVOICE
------ -------- -------- -------- -------- --------- ------ ------- --------
Xxxxxx Scientific 8548246 08/15/95 1,776.75 7.00% 124.37 0.00 0.00 1,901.12
Xxxxxx Scientific 8668523 08/25/95 5,650.00 7.00% 395.50 0.00 0.00 6,045.50
Creative Integration, Inc. 3667 08/25/95 2,299.00 7.00% 160.93 (75.00) 240.00 2,624.93
BioMedic Data Systems Inc. 9521848 09/06/95 950.00 0.00% 0.00 0.00 0.00 950.00
VWR Scientific 35006540 08/24/95 1,745.33 7.00% 131.67 0.00 8.00 1,885.00
$13,406.55
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
------------ ------------
20
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 01 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
--------------------------------
Title: President
-----------------------------
Date: 10/27/95
------------------------------
21
This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12-8-95
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 X. XXXXXX XXXXX XXXX, Xxxxx 000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.,
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO., OR
MAILING ADDRESS BANK TRANSIT AND
A.B.A. NO.
CITY STATE ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6A. [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below..
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 10/27 1995 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT, CEO
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX EVP/GM
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
22
This FINANCING STATEMENT is presented for filing and will remain effective with
certain exceptions for a period of five years from the date of filing pursuant
to section 9403 of the California Uniform Commercial Code.
-----------------------------------------------------------------------------------------------------------------------------------
1. DEBTOR (LAST NAME FIRST) 1A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
1B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 X. XXXXXX XXXXX XXXX, Xxxxx 000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
2. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 2A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
3. DEBTOR'S TRADE NAMES OR STYLES (IF ANY) 3A. FEDERAL TAX NUMBER
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.,
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO., OR
MAILING ADDRESS BANK TRANSIT AND
A.B.A. NO.
CITY STATE ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6. THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES OR ITEMS OF PROPERTY (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH
LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4).
THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL ESTATE TRANSACTION.
PROPERTY LOCATION, RECORD OWNER OF PROPERTY, LEGAL PROPERTY DESCRIPTION AND FINANCING STATEMENT ARE MORE FULLY DESCRIBED ON
THE ONE PAGE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF.
-----------------------------------------------------------------------------------------------------------------------------------
7. CHECK [X] 7A. [ ] PRODUCTS OF COLLATERAL 7B. DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE WITH INSTRUCTION 5(a) ITEM:
IF APPLICABLE ARE ALSO COVERED [ ](1) [ ](2) [ ](3) [ ](4)
-----------------------------------------------------------------------------------------------------------------------------------
8. CHECK [X] [ ] DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC Section 9105(1)(n)
IF APPLICABLE
-----------------------------------------------------------------------------------------------------------------------------------
9. C 10. THIS SPACE FOR USE OF FILING OFFICER
O (DATE, TIME, FILE NUMBER AND FILING OFFICE)
D
Date: E
/s/ XXXXXXX X. NOVA 10/27/95 1
SIGNATURE(S) OF DEBTOR(S)
----------------------------------------------------------------------------- 2
IRORI INCORPORATED 3
TYPE OR PRINT NAME(S) OF DEBTOR(S)
----------------------------------------------------------------------------- 4
/s/ XXXXXXX X. XXXXXX
SIGNATURE(S) OF SECURED PARTY(IES) 5
-----------------------------------------------------------------------------
6
LEASE MANAGEMENT SERVICES, INC. 7
TYPE OR PRINT NAME(S) OF SECURED PARTY(IES)
============================================================================= 8
RETURN COPY TO
9
ADDRESS LEASE MANAGEMENT SERVICES, INC.
CITY 0000 XXXX XXXX XXXX, XXXXX 000
XXXXX XXXXX XXXX, XX 00000
ZIP CODE
-----------------------------------------------------------------------------
FORM UCC.1--
Approved by the Secretary of State
-----------------------------------------------------------------------------------------------------------------------------------
23
EXHIBIT A
THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL
ESTATE TRANSACTION:
PROPERTY LOCATION:
00000 X. XXXXXX XXXXX XXXX, XXXXX 000
XX XXXXX, XX 00000
RECORD OWNER OF PROPERTY:
EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
00000 X. XXXXXX XXXXX XXXX, XXXXX 000
XX XXXXX, XX 00000
LEGAL DESCRIPTION OF PROPERTY:
PARCELS 1 AND 2 OF PARCEL MAP NO. 10901, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO JANUARY 21, 1981, BEING A DIVISION OF XXX 00 XX
XXXXXXXXXXX XXXXXXX XXXX XX. 0, XX THE CITY OF SAN DIEGO, COUNTY OF SAN DIEGO,
STATE OF CALIFORNIA ACCORDING TO THE MAP 8434, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO COUNTY, DECEMBER 10, 1976.
THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES (OR ITEMS) OF PROPERTY:
FIXTURE FILING TO COVER ALL EQUIPMENT AND OTHER PERSONAL PROPERTY (THE
"EQUIPMENT"), NOW OWNED AND HEREAFTER ACQUIRED AND FINANCED UNDER EQUIPMENT
FINANCING AGREEMENT NUMBER 10787 AND ALL SCHEDULES THEREUNDER, BETWEEN LEASE
MANAGEMENT SERVICES, INC., AS SECURED PARTY OR LESSOR AND IRORI INCORPORATED, AS
DEBTOR, INCLUDING, BUT NOT LIMITED TO, LABORATORY EQUIPMENT, LABORATORY
FURNITURE, COMPUTER EQUIPMENT, OFFICE EQUIPMENT, OFFICE FURNITURE AND LEASEHOLD
IMPROVEMENTS TOGETHER WITH ALL ACCESSORIES, PARTS, UPGRADES, RENEWALS AND
REPLACEMENTS OF, AND REPAIRS, IMPROVEMENTS AND ACCESSIONS TO THE EQUIPMENT AND
ANY INSURANCE PROCEEDS OR REVENUE DERIVED FROM THE SALE OR OTHER DISPOSITION OF
THE EQUIPMENT.
24
This FINANCING STATEMENT is presented for filing and will remain
effective with certain exceptions for a period of five years from
the date of filing pursuant to section 9403 of the California
LOAN Uniform Commercial Code.
----------------------------------------------------------------------------------------------------------------------------------
1. DEBTOR (LAST NAME FIRST - IF AN INDIVIDUAL) 1A. SOCIAL SECURITY OR FEDERAL TAX NO.
IRORI INCORPORATED
----------------------------------------------------------------------------------------------------------------------------------
1B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 X. XXXXXX XXXXX XXXX, XXXXX 000 XX XXXXX, XX 00000
----------------------------------------------------------------------------------------------------------------------------------
2. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 2A. SOCIAL SECURITY OR FEDERAL TAX NO.
----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
----------------------------------------------------------------------------------------------------------------------------------
3. DEBTOR'S TRADE NAMES OR STYLES (IF ANY) 3A. FEDERAL TAX NUMBER
==================================================================================================================================
4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO., OR
NAME LEASE MANAGEMENT SERVICES, INC. BANK TRANSIT AND A.B.A. NO.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025
----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., FEDERAL TAX NO. OR
NAME BANK TRANSIT AND A.B.A. NO.
MAILING ADDRESS
CITY STATE ZIP CODE
----------------------------------------------------------------------------------------------------------------------------------
6. This FINANCING STATEMENT covers the following types or items of property (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH
LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4).
FINANCING STATEMENT AS MORE FULLY DESCRIBED ON THE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF.
----------------------------------------------------------------------------------------------------------------------------------
7. CHECK [X] 7A. PRODUCTS OF COLLATERAL 7B. DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE
WITH INSTRUCTION 5(a) ITEM:
IF APPLICABLE [ ] ARE ALSO COVERED [ ] (1) [ ] (2) [ ] (3) [ ] (4)
----------------------------------------------------------------------------------------------------------------------------------
8. CHECK [X] [ ] DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC SECTION 9105(1)(n)
IF APPLICABLE
----------------------------------------------------------------------------------------------------------------------------------
9. DATE: C 10. THIS SPACE FOR USE OF FILING
O OFFICER (DATE, TIME, FILE
/s/ Xxxxxxx X. Nova 10/27/95 D NUMBER AND FILING OFFICE)
SIGNATURE(S) OF DEBTOR(S) E
----------------------------------------------------------------------------------------------
1
IRORI INCORPORATED
TYPE OR PRINT NAME(S) OF DEBTOR(S) 2
----------------------------------------------------------------------------------------
/s/ XXXXXXX X. XXXXXX 3
SIGNATURE(S) OF SECURED PARTY(IES)
----------------------------------------------------------------------------------------
4
LEASE MANAGEMENT SERVICES, INC.
TYPE OR PRINT NAME(S) OF SECURED PARTY(IES)
========================================================================================
Return Copy to 5
NAME 6
ADDRESS P6-0000-141-6 7
CITY LEASE MANAGEMENT SERVICES, INC. 8
STATE 0000 XXXX XXXX XXXX, XXXXX 000 9
ZIP CODE XXXXX XXXX, XX 00000 0
========================================================================================
FORM UCC.1 --
APPROVED BY THE SECTARY OF STATE
==================================================================================================================================
25
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-01
LMSI
ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- --------------------- ------------- --------
1 22106 Gensia, Inc. 6 Chemical Fume Hood 8' 92060067
22104 Gensia, Inc. Chemical Fume Hood 8' 92060068
22102 Gensia, Inc. Chemical Fume Hood 8' 92050063
22100 Gensia, Inc. Chemical Fume Hood 8' 92050064
22098 Gensia, Inc. Chemical Fume Hood 8' 92060066
22097 Gensia, Inc. Chemical Fume Hood 8' 93070239
22105 Gensia, Inc. 6 48' Fume Hood Cabinet N/A
22103 Gensia, Inc. 48' Fume Hood Cabinet N/A
22101 Gensia, Inc. 48' Fume Hood Cabinet N/A
22099 Gensia, Inc. 48' Fume Hood Cabinet N/A
22096 Gensia, Inc. 48' Fume Hood Cabinet N/A
22095 Gensia, Inc. 48' Fume Hood Cabinet N/A 18,000.00
2 22135 Xxxxxx Scientific 7577091 1 Balance 110/230 1879 1,031.25
3 22093 Xxxxxx Scientific 7787450 1 Stir/Hot Plate 03033285 247.00
4 22092/ Xxxxxx Scientific (22091) 7819795 1 RotVapor 24/40 10017814/10017727 3,108.00
5 22090 Xxxxxx Scientific 7932314 1 Air Pump 115V AA617G 268.00
6 22138 Xxxxxx Scientific 8490542 1 Air Pump 115V 192279 380.00
7 22117 Parallel Computing 0023812-IN 1 Apple Power Mac 6100 XB51307B41Y 2,500.00
22116 Parallel Computing 0023812-IN 1 NEC XE 15" Color Monitor 4903100HAK 600.00
22115 Parallel Computing 0023812-IN 1 Keyboard NN4306WY33G 80.00
22113 Parallel Computing 0023812-IN 0 Xxxxxxx Xxxxxxx Xxxx XXXX000000 1,980.00
8 22112 Parallel Computing 0023852-IN 1 8 MB Ram Module for HP4 312.00
22111 Parallel Computing 0023852-IN 1 20 MB SIMM Module for PB150 850.00
9 22114 Seal Furniture & Systems 17305 1 Executive "L" Unit Desk 605.95
of San Diego, Inc.
10 22119 Creative Integration, 003618 1 Packard Xxxx P/100 L155503940 2,872.00
Incorporated
22110 Creative Integration, 003618 1 1 MB Video Upgrade 100.00
Incorporated
22120 Creative Integration, 003618 1 15" Viewsonic Monitor D352121636 424.00
Incorporated
11 22126 Ficom Corporation 117892 4 KST3110 2 Line Phone 5ECTE006205
22125 Ficom Corporation 117892 4HAHE328466
22124 Ficom Corporation 117892 4FAHE323207
22123 Ficom Corporation 117892 4FAHE320506 376.00
12 22128 Office Depot, Inc. 0796732 1 4 Drawer Lateral File 902JW 399.99
13 22129 Office Depot, Inc. 011597656-001 1 4 Drawer Lateral File 925JV 399.99
14 22122 Office Depot, Inc. 0966063 1 4 Drawer Lateral File BZZ1B 379.99
15 22127 Office Depot, Inc. 6197938533 1 Kodak 35MM Projector A-615281 489.99
16 22136 Xxxxxx Scientific 8548246 1 Refrigerator 53677244 1,776.75
17 22118 Xxxxxx Scientific 8668523 1 Upright Freezer V09E214496VE 5,650.00
18 22121 Creative Integration, 3667 1 Power Mac 6100/56 XB5241X5PO 1,465.00
Incorporated
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 2
--------- ------------
00
XXXX
XXX TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- --------------------- ------------- --------
22109 Creative Integration, 3667 1 15" Multiscan Monitor CJ5219PQ39X 487.00
Incorporated
22108 Creative Integration, 3667 1 Connectix Ram doubler 60.00
Incorporated
22107 Creative Integration, 3667 1 Local Talk Connector Kit 34.00
Incorporated
N/A Creative Integration, 3667 1 Vendor Credit (75.00)
Incorporated
19 22139 BioMedic Data 9521848 1 Implantable Programmable 515-0104 950.00
Systems Inc. Temperature
20 22094 VWR Scientific 35006540 1 Dataplate Hot Plate/Stir 4660 480.00
21 22137 VWR Scientific 35006540 1 PH Meter C0017339 960.00
22 GRAND TOTAL 47,191.91
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2
--------- ------------
27
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 02 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $56,437.03
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement
or in this Schedule, the undersigned Debtor
promises to repay the Advance Amount, with
interest as follows:
$1,551.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on December 1, 1995, followed by a payment of
$8,466.00 on June 1, 1999.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 11/30/95
----------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
--------------------------- ------------------------
Xxxxxxx X. Xxxxxx
Title: President, CEO Title: EVP/General Manager
------------------------- ---------------------
28
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 02 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $56,437.03
Debtor: /s/ MPN (Initials)
---------------------
Secured Party: /s/ BBK (Initials)
---------------
29
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-02
LMSI
ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- --------------------- ------------- --------
1 33247 Ficom Corporation 119413 1 Vodavi 4896 System B0006229 4,856.00
1 33250 Ficom Corporation 119413 1 12 Port Digital Station 597.00
Board
1 33251 Ficom Corporation 119413 1 12 Port Single Line Station 688.00
Board
1 33248 Ficom Corporation 119413 1 Tri-output Power Supply B0007284 376.00
1 33249 Ficom Corporation 119413 1 Quad DTMF Receiver 194.00
1 33238 Ficom Corporation 119413 1 Executive Display/Speaker 41201415 259.00
Phone
1 33266 Ficom Corporation 119413 1 Executive Display/Speaker 41201372 259.00
Phone
1 33267 Ficom Corporation 119413 1 48 Button DSS Console 41200015 259.00
1 33246 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018288 206.52
1 33245 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018296 206.52
1 33253 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018713 206.52
1 33243 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500347 206.52
1 33244 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018708 206.52
1 33242 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500192 206.52
1 33241 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500188 206.52
1 33236 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018300 206.52
1 33268 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018282 206.52
1 33239 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500213 206.52
1 33237 Ficom Corporation 119413 1 Enhanced Speaker Telephones 40707926 206.52
1 33240 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500187 206.52
1 33265 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500290 206.47
2 33279 Chemglass 0017082-IN 1 5-Port R Vacuum Manifold N/A 304.45
3 33282 BioMedic Data Systems Inc. 9521826 1 Programmable Console System 51S-0104 4,795.00
3 33283 BioMedic Data Systems Inc. 9521826 1 Implantable Programmable 072595 950.00
Temperature Transponder
4 33269 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33270 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33271 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33272 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
5 33252 Cousins IRORC00057 1 Refrigerator SM800847 370.00
6 33276 Black Box Corporation 522148 1 PC-Reader DA015919542 565.00
6 33279 Black Box Corporation 522148 1 PC-Reader DA025919557 565.00
7 33261 Xxxxxx Scientific 8853230 1 Centrific Centrifuge 5N-50800322 798.92
120V 60HZ
7 33281 Xxxxxx Scientific 8853230 1 Horizontal Rotor 4PL50ML 330.00
7 33260 Xxxxxx Scientific 8853230 1 Orbital Shaker 115V 50/60HZ CA07952598 733.65
8 33274 Xxxxxx Scientific 8897713 1 Flammable Material Storage 53677274 2,142.00
Refrigerator
8 33273 Xxxxxx Scientific 8897713 1 Flammable Material Storage VH780666 1,994.00
Freezer
9 33275 Xxxxxx Scientific 9163973 1 Centrifuge Model 5415C 541B67414 1,585.00
115V 60MZ
10 33278 Avid Marketing, Inc. 17259 1 AVID Mini Tracker Multi 040408 450.00
Tag Reader
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 2
------------ ---------------
00
XXXX
XXX TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- --------------------- ------------- --------
11 33254 VWR Scientific 37138480 1 Air Pump 115V 60HZ AC8102178 1,081.13
12 33255 VWR Scientific 34604370 2 5-Leg Chair w/Foot Ring 52875-1 290.00
13 33280 VWR Scientific 34582390 1 Mixer, Rotomix Model 48215T 552950795027 192.60
14 33256 VWR Scientific 34300760 0 Xxx Xxxxx Xxxxxx 0000 140.80
15 33264 Forma Scientific 2515960 1 Lab Incubator 2-Auto CO2 30781-8503 5,741.10
16 33262 The Xxxxx Company 00076759 1 SG5, UV&Mag Hood 54734 6,413.50
00 00000 X.X. Xxxxxx Incorporated 92437 1 TMS Body w/Trinocular 21024 3,443.35
17 33257 X.X. Xxxxxx Incorporated 92437 1 Alphaphot 2 Binocular 176873 1,468.62
00 00000 X.X. Xxxxxx Incorporated 92608 1 Objective Lense 176873 584.80
19 33259 X.X. Xx Xxxx Xx Xxxxxxx X000000000 0 XX0000X Digital Centrifuge 9504046 7,925.40
GRAND TOTAL $56,437.03
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2
------------ ---------------
31
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000,
Xxxxx Xxxx, XX 00000 Telephone (415)
000-0000 o Fax (000) 000-0000
November 21, 1995
Xxxxxx Xxxxxx
IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
Dear Xxxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 02. The Commencement date of this schedule is December 1, 1995.
Please see that the documents are executed and returned.
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A, Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ K.C. Number: 10787-02
Label Number: 33236 to 33286
Xxxxx (Xxxxx) Xxxxxxxx
Contract Administrator IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
--------------------------
Title: President, CEO
-----------------------
Date: 11/29/95
-----------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
32
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 02 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above,
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------------
Title: President, CEO
------------------------------
Date: 11/27
------------------------------
33
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 02 to the Equipment
Financing Agreement Number 10787, totaling $56,437.03 against equipment
purchases, as follows:
$56,437.03 Proceeds from Equipment Financing Agreement
Number 10787-02.
LESS:
$ 1,551.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
first installment payment due December 1, 1995.
$14,109.00 Due to LEASE MANAGEMENT SERVICES, INC., to
pay Security Deposit.
PLUS:
$ 248.00 Credit for Commitment fee refund.
$41,025.03 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
------------------------------
Title: President, CEO
---------------------------
Date: 11/27
---------------------------
34
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-02
LMSI
ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- ---------------------------- ------------- --------
1 33247 Ficom Corporation 119413 1 Vodavi 4896 System B0006229 4,856.00
1 33250 Ficom Corporation 119413 1 12 Port Digital Station 597.00
Board
1 33251 Ficom Corporation 119413 1 12 Port Single Line 688.00
Station Board
1 33248 Ficom Corporation 119413 1 Tri-output Power Supply B0007284 376.00
1 33249 Ficom Corporation 119413 1 Quad DTMF Receiver 194.00
1 33238 Ficom Corporation 119413 1 Executive Display/Speaker 41201415 259.00
Phone
1 33266 Ficom Corporation 119413 1 Executive Display/Speaker 41201372 259.00
Phone
1 33267 Ficom Corporation 119413 1 48 Button DSS Console 41200015 259.00
1 33246 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018288 206.52
1 33245 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018296 206.52
1 33253 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018713 206.52
1 33243 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500347 206.52
1 33244 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018708 206.52
1 33242 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500192 206.52
1 33241 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500188 206.52
1 33236 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018300 206.52
1 33268 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018282 206.52
1 33239 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500213 206.52
1 33237 Ficom Corporation 119413 1 Enhanced Speaker Telephones 40707926 206.52
1 33240 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500187 206.52
1 33265 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500290 206.47
2 33279 Chemglass 0017082-IN 1 5-Port R Vacuum Manifold N/A 304.45
3 33282 BioMedic Data Systems Inc. 9521826 1 Programmable Console System 51S-0104 4,795.00
3 33283 BioMedic Data Systems Inc. 9521826 1 Implantable Programmable 072595 950.00
Temperature Transponder
4 33269 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33270 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33271 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
4 33272 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00
5 33252 Cousins IRORC00057 1 Refrigerator SM800847 370.00
6 33276 Black Box Corporation 522148 1 PC-Reader DA015919542 565.00
6 33279 Black Box Corporation 522148 1 PC-Reader DA025919557 565.00
7 33261 Xxxxxx Scientific 8853230 1 Centrific Centrifuge 5N-50800322 798.92
120V 60HZ
7 33281 Xxxxxx Scientific 8853230 1 Horizontal Rotor 4PL50ML 330.00
7 33260 Xxxxxx Scientific 8853230 1 Orbital Shaker 115V 50/60HZ CA07952598 733.65
8 33274 Xxxxxx Scientific 8897713 1 Flammable Material Storage 53677274 2,142.00
Refrigerator
8 33273 Xxxxxx Scientific 8897713 1 Flammable Material Storage VH780666 1,994.00
Freezer
9 33275 Xxxxxx Scientific 9163973 1 Centrifuge Model 5415C 541B67414 1,585.00
115V 60MZ
10 33278 Avid Marketing, Inc. 17259 1 AVID Mini Tracker Multi 040408 450.00
Tag Reader
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 1
------------- -----------
00
XXXX
XXX TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
--- ------ ------------------------- ------------- --- ---------------------------- ------------- ----------
11 33254 VWR Scientific 37138480 1 Air Pump 115V 60HZ AC8102178 1,081.13
12 33255 VWR Scientific 34604370 2 5-Leg Chair w/Foot Ring 52875-1 290.00
13 33280 VWR Scientific 34582390 1 Mixer, Rotomix Model 48215T 552950795027 192.60
14 33256 VWR Scientific 34300760 0 Xxx Xxxxx Xxxxxx 0000 140.80
15 33264 Forma Scientific, Inc. 2515960 1 Lab Incubator 2-Auto CO2 30781-8503 5,741.10
16 33262 The Xxxxx Company 00076759 1 SG5, UV&Mag Hood 54734 6,413.50
00 00000 X.X. Xxxxxx Incorporated 92437 1 TMS Body w/Trinocular 21024 3,443.35
17 33257 X.X. Xxxxxx Incorporated 92437 1 Alphaphot 2 Binocular 176873 1,468.62
00 00000 X.X. Xxxxxx Incorporated 92608 1 Objective Lense 176873 584.80
19 33259 X.X. Xx Xxxx Xx Xxxxxxx X000000000 0 XX0000X Digital Centrifuge 9504046 7,925.40
GRAND TOTAL $56,437.03
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2
------------- -----------
36
10787-02 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12-8-95 Sacramento, CA
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, XXXXX 000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
A.B.A. NO.
CITY STATE ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 11/30/95 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT, CEO
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
37
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 02 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be assented as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: President, CEO
-----------------------------
Date: 11/27
-----------------------------
38
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 02, to the Equipment
Financing Agreement Number 10787, totaling $56,437.03 against equipment
purchases, as follows:
$56,437.03 Proceeds from Equipment Financing
Agreement Number 10787-02.
LESS:
$ 1,551.00 Due to LEASE MANAGEMENT SERVICES, INC.,
to pay first installment payment due
December 1, 1995.
$14,109.00 Due to LEASE MANAGEMENT SERVICES, INC.,
to pay Security Deposit.
PLUS:
$ 248.00 Credit for Commitment fee refund.
$41,025.03 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: President, CEO
-----------------------------
Date: 11/27
-----------------------------
39
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
Telephone (000) 000-0000 o Fax (000) 000-0000
November 21, 1995
Xxxxxx Xxxxxx
IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
Dear Xxxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 02. The Commencement date of this schedule is December 1, 1995.
Please see that the documents are executed and returned.
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A, Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ K.C. Number: 10787-02
Label Number: 33236 to 33286
Xxxxx (Xxxxx) Xxxxxxxx IRORI INCORPORATED
Contract Administrator
By: /s/ Xxxxxxx X. Nova
------------------------------
Title: President, CEO
---------------------------
Date: 11/29/95
---------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
40
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 03 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $105,426.86
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement
or in this Schedule, the undersigned Debtor
promises to repay the Advance Amount, with
interest as follows:
$2,880.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on January 1, 1996, followed by a payment of
$15,814.00 on July 1, 1999.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 11/10/96
------------------------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ XXXXXXX X. XXXXXX
------------------------------- ------------------------------
Xxxxxxx X. Xxxxxx
Title: CEO Title: EVP/General Manager
----------------------------- --------------------------
41
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 03 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: CEO
-----------------------------
Date: 1/10/96
-----------------------------
42
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 03 to the Equipment
Financing Agreement Number 10787, totaling $105,426.86 against equipment
purchases, as follows:
$105,426.86 Proceeds from Equipment Financing
Agreement Number 10787-03.
LESS:
$ 2,880.00 Due to LEASE MANAGEMENT SERVICES, INC., to
pay first installment payment
due January 1, 1996.
$ 26,357.00 Due to LEASE MANAGEMENT SERVICES, INC.,
to pay Security Deposit.
$ 42,000.00 Due to LEASE MANAGEMENT SERVICES, INC., for
reimbursement on Interim Promissory Note
Number IRONINC953.
$ 170.80 Due to LEASE MANAGEMENT SERVICES, INC.,
for interest due on Interim Promissory Note
Number IRONINC953.
PLUS:
$ 464.00 Credit for Commitment fee refund.
$ 34,483.06 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: CEO
-----------------------------
Date: 1/10/96
-----------------------------
43
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 03 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
COLLATERAL AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1
ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $105,426.86
Debtor: /s/ MPN (Initials)
-------------
Secured Party: /s/ BBK (Initials)
-----------
44
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX. 00000
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
CREDIT MEMO # 10787-03
DATE 09-Jan-96
QUANTITY DESCRIPTION PRICE AMOUNT
----------------- ------------------------------------------------------------ -------------- ----------------------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-03
-----------------------------------------------------------
First Month's Rent: $2,880.00
Security Deposit: $26,357.00
Advance made on IP Note IROINC953 $42,000.00
Interest due on Note IROINC953 $170.80
Non-Financeable Items:
Freight/Install/Labor $225.81
Sales Tax $2,748.25
Softcost/Disposables $306.78
PLUS:
Vendor Prepayments ($108,707.70)
Prorata Commitment Fee ($464.00)
TOTAL ($34,483.06)
----------------------
If you have any questions concerning this credit, CHECK PAYABLE TO: ($34,483.06)
call: (000) 000-0000. Irori Incorporated
----------------------
THANK YOU FOR YOUR BUSINESS!
45
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000,
Xxxxx Xxxx, XX 00000 Telephone (415)
000-0000 o Fax (000) 000-0000
January 9, 1996
Xxxxxx Xxxxxx
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
Dear Xxxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 03. The Commencement date of this schedule is January 1, 1996.
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ Xxxxx Xxxx Number: 10787-03
Label Number:_________________
Xxxxx Xxxx IRORI INCORPORATED
Sr. Contract Administrator
By: /s/ Xxxxxxx X. Nova
-----------------------------
Title: CEO
--------------------------
Date: 1/10/96
--------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
46
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-03
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
22249 VWR Scientific 36511410 1 Ice Flaker with bin 846822-01M 2,463.63
22258 VWR Scientific 37897740 0 Xxxxx Xxxxxxxxx 0000000 2,899.00
22255 RAG Electronics, Inc. 070611 1 Tektronix Probe Oscilloscope B020613 7,390.00
22256 RAG Electronics, Inc. 070611 1 Fluke 87 DMM 64310091 315.00
22257 RAG Electronics, Inc. 070611 1 Topward 6306D Power Supply 977215 879.00
22260 DepoTech Corporation 001 1 Receptionist Desk & Work Area N/A 3,500.00
22253 X.X. XxXxxx DeNemours & Co. A271141679 1 Ultra Centrifuge 9501119 18,239.00
22254 Xxxxxxx Airgas 743705 1 Liquid Nitrogen Freezer System 566017L9 5,637.50
22250 XxXxxxxx-Xxxx 8346301 1 Combination Vise N/A 298.45
22261 XxXxxxxx-Xxxx 8382499 1 Work Bench 60" Wide x 30" Deep N/A 272.88
22262 XxXxxxxx-Xxxx 8382499 1 Work Bench 48" Wide x 30" Deep N/A 233.41
22259 Xxxxxx Xxxxxxxx Scientific, Inc. 6868342 1 Drying Rack N/A 312.00
22251 PBA Technology 0000002254 1 Robot/Basic PBA Flexys system
w/syringe pump pipette 10022 62,200.00
22252 PBA Technology 0000002280B 1 Parallel Card for Robot N/A 786.99
TOTAL 105,426.86
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 1
--------- ---------
47
STATE OF CALIFORNIA
UNIFORM COMMERCIAL CODE--FINANCING STATEMENT CHANGE--FORM UCC-2
IMPORTANT--READ INSTRUCTIONS ON BACK BEFORE COMPLETING FORM
10787-03 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560078 12-8-95
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, XXXXX 000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
A.B.A. NO.
CITY STATE ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 1/10 1996 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA 1/10/96
----------------------------------------------------------------- 2
SIGNATURE(S) OF DEBTOR(S) (TITLE)
3
LEASE MANAGEMENT SERVICES, INC.
----------------------------------------------------------------------------- 4
By: /s/ XXXXXXX X. XXXXXX EUP/GM 5
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 6
----------------------------------------------------------------------------- 7
RETURN COPY TO
8
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC. 9
0000 XXXX XXXX XXXX, XXXXX 000
XXXXX XXXX, XX 00000
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
Approved by the Secretary of State
-----------------------------------------------------------------------------------------------------------------------------------
48
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 04 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $138,474.53
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in
this Schedule, the undersigned Debtor promises to
repay the Advance Amount, with interest as follows:
$4,161.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on January 1, 1995, followed by a payment of $1.00
on July 1, 1999.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 11/16/96
-----------------------------
DEBTOR SECURED PARTY
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ XXXXXXX X. XXXXXX
-------------------------------- --------------------------------
Xxxxxxx X. Xxxxxx
Title: 11/16/96 Title: EVP/General Manager
----------------------------- --------------------------------
49
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 04, to the Equipment
Financing Agreement Number 10787, totaling $$138,474.53 against equipment
purchases, as follows:
$138,474.53 Proceeds from Equipment Financing Agreement Number 10787-04.
LESS:
$4,161.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first
installment payment due January 1, 1995.
$41,542.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security
Deposit.
$54,442.00 Due to Weather Engineering to pay the balance due on
Invoice 12462.
PLUS:
$609.00 Credit for Commitment fee refund.
$38,938.53 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: CEO
-------------------------------
Date: 11/16/96
-------------------------------
50
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 04 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
LEASEHOLD, INCLUDING, BUT NOT LIMITED TO:
GENERAL REQUIREMENTS, HVAC, PLUMBING, ELECTRICAL, ENGINEERING, DESIGN WORK, ETC.
TOTAL PURCHASE PRICE $138,474.53
Debtor: s/ MPN (Initials)
-------------------
Secured Party: /s/ BBK (Initials)
----------------
51
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX. 00000
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
CREDIT MEMO # 10787-04
DATE 12-Jan-96
QUANTITY DESCRIPTION PRICE AMOUNT
----------------- ------------------------------------------------------------ -------------- ----------------------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-04
-----------------------------------------------------------
First Month's Rent: $4,161.00
Security Deposit: $41,542.00
Non-Financeable Items:
Freight/Install/Labor $0.00
Sales Tax $0.00
Softcost/Disposables $0.00
PLUS:
Vendor Prepayments ($84,032.53)
Prorata Commitment Fee ($609.00)
-----------
TOTAL ($38,938.53)
----------------------
If you have any questions concerning this credit, CHECK PAYABLE TO:
call: (000) 000-0000. Irori Incorporated ($38,938.53)
----------------------
THANK YOU FOR YOUR BUSINESS!
52
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 04 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be assented as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------
Title: CEO
------------------------
Date: 1/6/96
-------------------------
53
INTERIM PROMISSORY NOTE
Interim Promissory Note Number IROINC953
Amount $42,000.00
For Value Received, the undersigned promises to pay, in lawful money of the
United States of America, to Lease Management Services, Inc. the sum of
Forty-Two Thousand & 00/100 on demand with interest at a rate equal to 14.64 %
percent, commencing on the date of funding (the date Payee advanced the
principle sum hereof.) Payment in full is due on or before January 31, 1996.
The principal amount of this Note shall cease to be due and payable on the date
the undersigned executes all necessary Lease/Equipment Financing Schedule
documents ("Agreements"), and the principal portion of this Note shall be deemed
paid in full, however, interest shall accrue until the Rental Commencement Date
of the Agreements and is due and payable monthly.
In the Event of commencement of suit to enforce payment of this Note, the
undersigned agrees to pay such additional sums for attorney's fees and court
costs as any court of competent jurisdiction may adjudge reasonable.
Irori Incorporated agrees that the proceeds of this Note shall be paid to Irori
Incorporated for reimbursement for equipment purchase made from PBA Technology.
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------
Xxxxxxx X. Nova, M.D.
Title: President and CEO
------------------------
Date: 12/21/95
------------------------
54
XXX
Xxxx 0, Xxxxx Xxxxx, ----INVOICE----
Xxxxxx Xxx Xxxx,
Xxxxx Xxxxx., Xx. Xxxxx,
Xxxxx, XX00 0XX
Telephone: 00000 000000
Facsimile 01480 471660
Reg No. 02315315
---------------------------------------------------- ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002280
00000 XXXXX XXXXXX XXXXX XXXX
XXXXX 000 Date: 00-Xxx-00
XX XXXXX
XX 00000, X.X.X. IRORI Due date:
Order No: 1133
Current Balance 12169.50
-------------------------------------------------------------------------------------------------------------------------
Qty Description Price each Total
-------------------------------------------------------------------------------------------------------------------------
1 PIC PARALLEL CARD (DESPATCH NOTE 573) 787.00 787.00
1 POSTAGE VIA DHL 30.96 30.96
Equipment = 787
1.566
--------
US$ = 1,232.44 leaseline
Postage = 30.96
1.566
--------
US$ = 48.48
--------
Deliver To:
---------------------------------------------------- ----------------------------------------------
GOODS TOTAL 817.96
VAT TOTAL 0.00
INVOICE TOTAL
---------------------------------------------------- ----------------------------------------------
55
Date: December 20, 1995 Pages: 5
To: Xxxxx
Lease Management
0-000-000-0000
From: Xxxxxx Xxxxxx
IRORI
Subject: Robot purchase, promissory note
Following are copies of the invoices for our purchase of the robot. We are
awaiting confirmation of the exact US dollar amount due and will wire transfer
the balance on Friday. Additionally, I have included a copy of our money market
statement where we transferred the initial deposit for the robot.
As you indicated we can not get all the paperwork done by December 31st, but can
get a promissory note done to reimburse IRORI the balance. My estimate of the
amount due is as follows:
Robotics system in 40,506.03
Conversion factor 1.566
----------
Price of robot in US $ $63,432.44
Advance rate for lease 75%
----------
Advance to IRORI $47,574,33
Less sales and use tax to be paid by Lease Management (4,440.27)
----------
Estimate of amount due to IRORI $43,134.06
----------
I expect only a small difference between the estimate above and our final
payment. If we set up the promissory note for $42,000, we will ensure not to
borrow in excess of the amount ultimately to be paid.
Please call with any questions.
56
PBA
Xxxx 0, Xxxxx Xxxxx, ----INVOICE----
Xxxxxx Xxx Xxxx,
Xxxxx Xxxxx., Xx. Xxxxx,
Xxxxx, XX00 0XX
Telephone: 00000 000000
Facsimile 01480 471660
Reg No. 02318315
----------------------------------------------
VAT Regd. No. 68 608 7004 55
---------------------------------------------------- ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002254
00000 XXXXX XXXXXX XXXXX XXXX
XXXXX 000 Date: 24 Nov 00
XX XXXXX
XX 00000, X.X.X. IRORI Due date:
Order No: 1133
Current Balance -28785.60
-------------------------------------------------------------------------------------------------------------------------
Qty Description Price each Total
-------------------------------------------------------------------------------------------------------------------------
1 Basic PBA Flexys 29054.91 29054.91
1 Syringe Pump 5747.13 5747.13
1 Pipette Head 4916.99 4916.99
1 (Despatch Note 549 & Airway Xxxx No A1547002
One Pic Parallel Card to follow
Currency Rate of Exchange(pound)1.566 to $
Terms and Conditions 70% Paid 30% on Acceptance
=39,719.03
1.566
---------
US$ = 62,200 lease line
-------------------------------------------------------------------------------------------------------------------------
Deliver To:
---------------------------------------------------- ----------------------------------------------
GOODS TOTAL 39719.03
VAT TOTAL 0.00
INVOICE TOTAL 39719.03
---------------------------------------------------- -----------------------------------------------
57
----------------------------------------------
PBA
Xxxx 0, Xxxxx Xxxxx, ----INVOICE----
Xxxxxx Xxx Xxxx,
Xxxxx Xxxxx., Xx. Xxxxx,
Xxxxx, XX00 0XX
Telephone: 00000 000000
Facsimile 01480 471660
Reg No. 02318315
----------------------------------------------
VAT Regd. No. 68 608 7004 55
---------------------------------------------------- ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002255
00000 XXXXX XXXXXX XXXXX XXXX
XXXXX 000 Date: 24 Nov 00
XX XXXXX
XX 00000, X.X.X. IRORI Due date:
Order No: 1133
----------------------- -----------------
Current Balance 10933.43
-------------------------------------------------------------------------------------------------------------------------
Qty Description Price each Total
-------------------------------------------------------------------------------------------------------------------------
1 Packing, Freight and Insurance Charges 1243.57 1243.57
(Despatch Note S49 &
Airway Xxxx No A1547002)
Currency Rate of Exchange (pound)1.566 to $
Terms and Conditions $1,000 paid Balance
on Acceptance.
= 1243.57
1.566
---------
US $ = 1,947.43
-------------------------------------------------------------------------------------------------------------------------
Deliver To:
---------------------------------------------------- ----------------------------------------------
GOODS TOTAL 1243.57
VAT TOTAL 0.00
INVOICE TOTAL 1243.57
---------------------------------------------------- ----------------------------------------------
58
BANK OF AMERICA
==========================================================================================================================
X.X. Xxx 0000
Xxxxxx Xxxxxxx, XX 00000-0000 YOUR BANK OF AMERICA
0050 BUSINESS MONEY MARKET
EO-2 ACCOUNT STATEMENT
Statement Period:
October 24 through November 21, 1995
[BAR CODE ADDRESS]
IRORI Account Number: 00501-03718
00000 X. XXXXXX XXXXX XX
XXX 000 At Your Service
XX XXXXX XX 00000-0000 Call: 000-000-0000, 24 hours,
7 days a week
Written Inquiries
Bank of America
San Diego Main Office
X.X. Xxx 00000
Xxx Xxxxxxx, XX 00000-0000
Customer since 0000
Xxxx xx Xxxxxxx appreciates your
business and we enjoy serving you.
==========================================================================================================================
[ ] SUMMARY OF YOUR BUSINESS MONEY MARKET ACCOUNT
---------------------------------------------------- -----------------------------------------------------------------
Beginning Balance on 10/24/95 $713,972.98 Annual Percentage Yield earned this period 3.89%
---------------------------------------------------- -----------------------------------------------------------------
Total Checks and Other Withdrawals - 425,120.00 Interest paid year-to-date $2,292.22
---------------------------------------------------- -----------------------------------------------------------------
Interest Paid + 1,323.04 Number of 24 Hour Customer Service Calls
==================================================== Self-Service 0
Ending Balance $290,176.02 Assisted 0
==========================================================================================================================
[ ] ACCOUNT ACTIVITY
Date Posted Description Reference Number Amount
Other Withdrawals
10/24 Debit Adjustment $200,000.00
11/03 Telephone/Telegraphic Transfers 50,000.00
11/14 Debit Adjustment 30.00
11/14 Intl Money Trans MTA 9531809209a Sndr Ref: BA Ref005797 Mw Bnf:
Pinkley Byatt Ltd., T/Z Pba Inf: Fc 50 45,090.00
11/14 Telephone/Telegraphic Transfers 100,000.00
11/17 Debit Adjustment 30,000.00
Total Other Withdrawals $425,120.00
Interest Paid
11/21 Interest Paid From 10/24/95 Through 11/21/95 $1,323.04
==========================================================================================================================
[ ] Daily Balance
Date Amount Date Amount Date Amount
10/24 $ 513,972.98 11/14 318,852.98 11/21 290,176.02
11/03 463,972.98 11/17 288,852.98
Continued on next page Page 1 of 2
59
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000,
Xxxxx Xxxx, XX 00000
Telephone (000) 000-0000 o Fax (000) 000-0000
January 12, 1996
Xxxxxx Xxxxxx
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
Dear Xxxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 04. The Commencement date of this schedule is January 1, 1996.
Funding of this Schedule is contingent upon receipt of the executed Landlord
Waiver. I trust from your voice mail message that the Landlord Waiver should be
settled within the next week.
I am also enclosing the original bank deposit receipt in the amount of
$34,483.06 for your records.
Should you have any questions, please call.
Sincerely,
/s/ Xxxxx Xxxx
Xxxxx Xxxx
Xx. Contract Administrator
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
60
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 05 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $27,156.20
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in
this Schedule, the undersigned Debtor promises to
repay the Advance Amount, with interest as follows:
$742.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on March 1, 1996, followed by $4,073.00 on
September 1, 1999.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 3/13/96
-----------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
--------------------- ------------------------
Xxxxxxx X. Nova Xxxxxxx X. Xxxxxx
Title: President Title: EVP/General Manager
--------------------- ---------------------
61
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 05 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE
EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $27,156.20
-----------
Debtor: /s/ MPN (Initials)
-------------
Secured Party: /s/ BBK (Initials)
-------------
62
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-05
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
22349 APS Water Services Corporation 95800 1 NANOPure Bioresearch Grade
Wall Mount Polisher 851950920142 2,995.00
------------------------------------------------------------------------------------------------------------------------------------
22348 APS Water Services Corporation 95800 4 Cartridge Kit for Nanopure N/A 1,400.00
------------------------------------------------------------------------------------------------------------------------------------
22319 Xxxxxx Scientific 9536323 1 55 Gallon Drum Cabinet N/A 644.40
------------------------------------------------------------------------------------------------------------------------------------
22347 J. & H, Xxxxx, Inc. 944605 1 Auto Desiccator Cabinet N/A 640.50
------------------------------------------------------------------------------------------------------------------------------------
22343 National Business Furniture, Inc. L67684-7CTE 1 Ergo Nut Station w/Mouseboard N/A 194.00
------------------------------------------------------------------------------------------------------------------------------------
22346 Xxxxxxx Airgas 743705 1 Auto Fill Optio/Racks 414056B1 5,517.50
------------------------------------------------------------------------------------------------------------------------------------
22338 San Diego Office Interiors 121130 0950668-IN 1 36" Two Drawer Lateral File N/A 307.00
------------------------------------------------------------------------------------------------------------------------------------
22320 San Diego Office Interiors " 0950668-IN 1 Quantum Series Doable Pedestal Desk N/A 306.00
------------------------------------------------------------------------------------------------------------------------------------
22344 San Diego Office Interiors 950921 0950668-IN 1 42" Three Drawer Lateral File N/A 475.00
------------------------------------------------------------------------------------------------------------------------------------
22326 San Diego Office Interiors 103113 0950521-IN 1 Racetrack Conference Table N/A 1,0811.00
------------------------------------------------------------------------------------------------------------------------------------
22337 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22333 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22332 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22331 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22330 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
00000 Xxx-Xxxxx Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22328 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22327 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22325 San Diego Office Interiors 102315 0950521-IN 1 Lounge Chair N/A 765.00
------------------------------------------------------------------------------------------------------------------------------------
22324 San Diego Office Interiors " 0950521-IN 1 Lounge Chair N/A 765.00
------------------------------------------------------------------------------------------------------------------------------------
22323 San Diego Office Interiors 743705 0950521-IN 1 Cube Table for Lounge N/A 174.00
------------------------------------------------------------------------------------------------------------------------------------
22342 San Diego Office Interiors 0950521-IN 1 Guest Chair N/A 203.00
------------------------------------------------------------------------------------------------------------------------------------
22341 San Diego Office Interiors 0950521-IN 1 Guest Chair N/A 203.00
------------------------------------------------------------------------------------------------------------------------------------
22340 San Diego Office interiors 112029 0950521-IN 1 Guest Chair N/A 203.00
------------------------------------------------------------------------------------------------------------------------------------
22339 San Diego Office Interiors " 0950521-IN 1 Guest Chair N/A 203.00
------------------------------------------------------------------------------------------------------------------------------------
22336 San Diego Office Interiors 0950521-IN 1 36X60 Conference Table N/A 384.00
------------------------------------------------------------------------------------------------------------------------------------
22322 San Diego Office Interiors 0950521-IN 1 Single Pedestal Desk N/A 460.00
------------------------------------------------------------------------------------------------------------------------------------
22345 San Diego Office Interiors 0950521-IN 1 36X60 Bookcase N/A 110.00
------------------------------------------------------------------------------------------------------------------------------------
22321 San Diego Office Interiors 0950521-IN 1 30X66 Double Pedestal Desk N/A 288.00
------------------------------------------------------------------------------------------------------------------------------------
22358 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X64 N/A 230.00
------------------------------------------------------------------------------------------------------------------------------------
22361 San Diego Office Interiors 0950521-IN 1 30X70 Single Pedestal Desk N/A 390.00
------------------------------------------------------------------------------------------------------------------------------------
22360 San Diego Office Interiors 0954521-IN 1 36X72 Double Pedestal Desk N/A 306.00
------------------------------------------------------------------------------------------------------------------------------------
22357 San Diego Office Interiors 0950521-IN 1 36X72 Double Pedestal Desk N/A 306.00
------------------------------------------------------------------------------------------------------------------------------------
22355 San Diego Office Interiors 0950321-IN 1 36X72 Double Pedestal Desk N/A 306.00
------------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
-------- ---------
1 of 1
63
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-05
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
22353 San Diego Office Interiors 0950521-IN 1 36X72 Double Pedestal Desk N/A 306.00
------------------------------------------------------------------------------------------------------------------------------------
22356 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00
------------------------------------------------------------------------------------------------------------------------------------
22354 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00
------------------------------------------------------------------------------------------------------------------------------------
22352 San Diego Office Interiors 0950521-IN l Protocol Hutch 14X72 N/A 246.00
------------------------------------------------------------------------------------------------------------------------------------
22350 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00
------------------------------------------------------------------------------------------------------------------------------------
22335 San Diego Office Interiors 0950521-IN 1 Bookcase 36X36 N/A 104.00
------------------------------------------------------------------------------------------------------------------------------------
22359 San Diego Office Interiors 0950521-IN 1 30X72 Double Pedestal Desk N/A 300.00
------------------------------------------------------------------------------------------------------------------------------------
22351 San Diego Office Interiors 0950521-IN 1 30X72 Double Pedestal Desk N/A 300.00
------------------------------------------------------------------------------------------------------------------------------------
22334 San Diego Office Interiors 0950521-IN 1 Management Chair w/Arms N/A 328.00
------------------------------------------------------------------------------------------------------------------------------------
22318 VWR Scientific 42556300 1 Hot Plate Stir PC420 6072722 230.00
------------------------------------------------------------------------------------------------------------------------------------
22317 VWR Scientific 41697320 1 Oven, Gravity, 45seg 9512-3101 1,005.30
------------------------------------------------------------------------------------------------------------------------------------
22316 VWR Scientific 41697320 1 Pump 115/230V 1603007402 828.00
------------------------------------------------------------------------------------------------------------------------------------
22315 VWR Scientific 41301730 1 Pump 115V 60HZ 4401007413 1,291.50
------------------------------------------------------------------------------------------------------------------------------------
TOTAL $27,156.20
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
-------- ---------
2 of 2
64
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 05 to the Equipment
Financing Agreement Number 10787, totaling $27,156.20 against equipment
purchases, as follows:
$27,156.20 Proceeds from Equipment Financing Agreement Number
10787-05.
LESS:
$742.00 Due to LEASE MANAGEMENT SERVICES, INC., to
pay first installment payment due March 1, 1996.
$6,789.00 Due to LEASE MANAGEMENT SERVICES, INC., to
pay Security Deposit.
PLUS:
$119.00 Credit for Commitment fee refund.
$19,744.20 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
----------------------
Xxxxxxx X. Nova
Title: President
-------------------
Date: 3/13/96
-------------------
65
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
CREDIT MEMO # 10787-05
DATE 05-Mar-96
QUANTITY DESCRIPTION PRICE AMOUNT
----------------- ------------------------------------------------------------ -------------- ----------------------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-05
-----------------------------------------------------------
First Month's Rent: $742.00
Security Deposit: $6,789.00
Non-Financeable Items:
Freight/Install/Labor $1,496.41
Sales Tax $1,926.71
Softcost/Disposables $1,008.56
PLUS
Vendor Prepayments $(31,587.88)
Prorata Commitment Fee $( 119.00)
-----------
TOTAL $(19,744.20)
-----------------------
If you have any questions concerning this credit, CHECK PAYABLE TO: $(19,744.20)
call: (000) 000-0000. Irori Incorporated
-----------------------
THANK YOU FOR YOUR BUSINESS!
66
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 05 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement, We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Xxxxx.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
------------------------------
Xxxxxxx X. Nova
Title: President
---------------------------
Date: 3/13/96
---------------------------
67
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
Telephone (000) 000-0000 o Fax (000) 000-0000
March 6, 1996
Xxxxxx Xxxxxx
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, Xxxxx 000
Xx Xxxxx, XX 00000
Dear Xxxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 05. The Commencement date of this schedule is March 1, 1996,
Equipment identification labels (asset tags) axe also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ Xxxxx Xxxx Number: 10787-05
Label Number: 31606-31655
Xxxxx Xxxx IRORI INCORPORATED
Sr. Contract Administrator
By: /s/ Xxxxxxx X. Nova
---------------------------------------
Xxxxxxx X. Nova
Title: President
------------------------------------
Date: 3/13/96
------------------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
68
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 06 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $84,264.82
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the
Agreement or in this Schedule, the
undersigned Debtor promises to repay the
Advance Amount, with interest as
follows:
$2,327.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning an August 1, 1996, followed by $12,640.00 on
February 1, 2000.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 8/21/96
---------------------------------
DEBTOR: SECURED PARTY
IRORI LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
------------------------------- ------------------------------------
Xxxxxxx X. Nova Xxxxxxx X. Xxxxxx
Title: President Title: EVP/General Manager
------------------------------- ---------------------------------
69
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 06 to the Equipment
Financing Agreement Number 10787, totaling $84,264.82 against equipment
purchases, as follows:
$84,264.82 Proceeds from Equipment Financing Agreement Number
10787-06.
LESS:
$2,327.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
first installment payment due August 1, 1996.
$21,066.00 Due to LEASE MANAGEMENT SERVICES, INC, to pay
Security Deposit.
PLUS:
$371.00 Credit for Commitment fee refund.
$61,242.82 Credit due to IRORI.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
--------------------------------------
Title: President
--------------------------------------
Date: 8/21/96
--------------------------------------
70
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 06 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., a Secured Parry,
and IRORI, as Debtor. The Loan Schedule referenced above is incorporated herein
by this reference. All Terms used herein shall have the same meaning as set
forth in the Equipment Financing Agreement. Debtor is hereby directed to contact
the Supplier of the Equipment for a description of any right Debtor may have
under the Supply Contract covering the Equipment.
AS MORE FULLY DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1
ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $84,264.80
Debtor: /s/ MPN (Initials)
--------
Secured Party: /s/ BBK (Initials)
--------
71
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-06
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
-----------------------------------------------------------------------------------------------------------------------------------
33775 Logic Network Solutions 21217 1 Intel Pentium 00 XXx 000000 1,895.00
-----------------------------------------------------------------------------------------------------------------------------------
35776 Logic Network Solutions 21909 1 SVGA 17" Monitor XXX-52700049 750.00
-----------------------------------------------------------------------------------------------------------------------------------
35767 Micron Electronics, Inc. 419348 1 Powerstation 100 (256K Syncburst
Computer) INTERNAL 2,699.00
-----------------------------------------------------------------------------------------------------------------------------------
35763 Micron Electronics, Inc. 419348 1 Powerstation 100 (256K Syncburst
Computer) INTERNAL 2,699.00
-----------------------------------------------------------------------------------------------------------------------------------
35762 Logic Network Solutions 31146 1 CTX 17" Monitor OL4-60200092 750.00
-----------------------------------------------------------------------------------------------------------------------------------
35766 Logic Network Solutions 31146 1 CTX 17" Monitor XXX-52601204 750.00
-----------------------------------------------------------------------------------------------------------------------------------
00000 XXX Flex, Inc. 17068271 1 Versa Docking Station 4000 789.00
-----------------------------------------------------------------------------------------------------------------------------------
35768 USA Flex, Inc. 17029760 1 Versa 4080H PC w/CD-ROM 8MB Memory S63020299 5,327.00
-----------------------------------------------------------------------------------------------------------------------------------
00000 XXX Flex, Inc. 17029760 1 Versa 4080H PC w/CD-ROM 16MB
Docking Station S63021580 5,327.00
-----------------------------------------------------------------------------------------------------------------------------------
35761 Technology Integration Group 314532 1 Energy 17" Monitor OL4-54500644 665.00
-----------------------------------------------------------------------------------------------------------------------------------
35745 Technology Integration Group 314532 1 US Robotics Courier 28.8 Modem 1000026127 359.00
-----------------------------------------------------------------------------------------------------------------------------------
35749 Tri-Star Memory Inc. 13616 1 Intel Pentium 100 MHz PC INTERNAL 1,698.00
-----------------------------------------------------------------------------------------------------------------------------------
35774 Technology Integration Group 323468 1 Energy 17" Monitor CR20819856 665.00
-----------------------------------------------------------------------------------------------------------------------------------
35777 Technology Integration Group 322343 1 1024 LE 15" Monitor KR55021303 485.00
-----------------------------------------------------------------------------------------------------------------------------------
35751 Technology Integration Group 322343 1 1024 LE 15" Monitor KR54919978 485.00
-----------------------------------------------------------------------------------------------------------------------------------
35750 Technology Integration Group 322343 1 Vectra VL4 1.2gb w/CD-Rom US62450484 2,279.00
-----------------------------------------------------------------------------------------------------------------------------------
35778 Technology Integration Group 322343 1 Vectra VL4 1.2gb w/CD-Rom US62450482 2,279.00
-----------------------------------------------------------------------------------------------------------------------------------
35764 Panelight Display Systems, Inc. 6694 1 nView Z210 LCD Panel 164939 2,995.00
-----------------------------------------------------------------------------------------------------------------------------------
35748 Tech Data Corporation 1-4395930 1 Versa 4000 Docking Station 65017325 755.00
-----------------------------------------------------------------------------------------------------------------------------------
35744 Tech Data Corporation 1-4512698 1 32MB Versa Memory Upgrade N/A 724.00
-----------------------------------------------------------------------------------------------------------------------------------
35769 PC-Club-SD 6611802 1 15" Digiview Monitor 2FUE6600675 320.00
-----------------------------------------------------------------------------------------------------------------------------------
35770 PC-Club-SD 66113571 1 Toshiba 8X CD-ROM N/A 129.00
-----------------------------------------------------------------------------------------------------------------------------------
35756 Xxxxxx Scientific 0803854 1 Centrifuge Com 2 3500 460.92
-----------------------------------------------------------------------------------------------------------------------------------
35758 VWR Scientific Products 42556461 1 Dataplate HotPlate/Stirrer N/A 455.47
-----------------------------------------------------------------------------------------------------------------------------------
35759 VWR Scientific Products 42556291 1 Dataplate HotPlate/Stirrer N/A 455.47
-----------------------------------------------------------------------------------------------------------------------------------
35757 VWR Scientific Products 43704730 1 Cold Tray Condenser N/A 895.00
-----------------------------------------------------------------------------------------------------------------------------------
35703 Gensia, Inc. 41196 1 Table Top Autoclave 870034 500.00
-----------------------------------------------------------------------------------------------------------------------------------
35754 Xxxxxx Scientific 1586200 1 Vacuum Pump Gerotor 2823 739.00
-----------------------------------------------------------------------------------------------------------------------------------
35755 Xxxxxx Scientific 1586200 1 Vacuum Pump Gerotor 2887 739.00
-----------------------------------------------------------------------------------------------------------------------------------
35700 PerSpective Biosystems 107915 1 Cytofluor Series 4000 FXGHMT428P 25,750.00
-----------------------------------------------------------------------------------------------------------------------------------
35760 Persnickety Mfg. Inc. 960305 1 L Desk 66X72 N/A 450.00
-----------------------------------------------------------------------------------------------------------------------------------
35730 Persnickety Mfg. Inc. 960305 1 Double Pedestal Desk N/A 395.00
-----------------------------------------------------------------------------------------------------------------------------------
35738 Persnickety Mfg. Inc. 960305 1 Double Pedestal Desk N/A 395.00
-----------------------------------------------------------------------------------------------------------------------------------
35736 Persnickety Mfg. Inc. 960305 1 Desktop Protocol N/A 220.00
-----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
-------- ---------
1 of 1
72
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-06
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
-----------------------------------------------------------------------------------------------------------------------------------
35737 Persnickety Mfg. Inc. 960305 1 Desktop Protocol N/A 220.00
-----------------------------------------------------------------------------------------------------------------------------------
35765 Persnickety Mfg. Inc. 960306 1 # Executive U Desk N/A 1,070.00
-----------------------------------------------------------------------------------------------------------------------------------
35733 Corporate Express 11264265 1 36" 3 Drawer Lateral File N/A 368.00
-----------------------------------------------------------------------------------------------------------------------------------
35706 Corporate Express 11264525 1 36" 3 Drawer Lateral File N/A 368.00
-----------------------------------------------------------------------------------------------------------------------------------
35705 Corporate Express 11264375 1 36" 2 Drawer Lateral File N/A 280.00
-----------------------------------------------------------------------------------------------------------------------------------
35704 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00
-----------------------------------------------------------------------------------------------------------------------------------
35734 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00
-----------------------------------------------------------------------------------------------------------------------------------
35735 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00
-----------------------------------------------------------------------------------------------------------------------------------
35742 USA Flex, Inc. 17045162 1 Versa 4000 Lithium Ion Battery Pack N/A 177.62
-----------------------------------------------------------------------------------------------------------------------------------
00000 XXX Flex, Inc. 17045162 1 Versa 4000 Lithium Ion Battery Pack N/A 177.62
-----------------------------------------------------------------------------------------------------------------------------------
00000 XXX Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24
-----------------------------------------------------------------------------------------------------------------------------------
35772 USA Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24
-----------------------------------------------------------------------------------------------------------------------------------
35773 USA Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24
-----------------------------------------------------------------------------------------------------------------------------------
35707 Persnickety Mfg. Inc. 960318 1 Conference Table 36x84 N/A 675.00
-----------------------------------------------------------------------------------------------------------------------------------
35712 Persnickety Mfg. Inc. 960318 1 Coffee Credenza N/A 595.00
-----------------------------------------------------------------------------------------------------------------------------------
35719 Persnickety Mfg. Inc. 960318 1 Executive U Desk N/A 950.00
-----------------------------------------------------------------------------------------------------------------------------------
35720 Persnickety Mfg. Inc. 960318 1 2 Drawer Lateral File N/A 330.00
-----------------------------------------------------------------------------------------------------------------------------------
35728 Persnickety Mfg. Inc. 960318 1 Executive U Desk N/A 925.00
-----------------------------------------------------------------------------------------------------------------------------------
35729 Persnickety Mfg. Inc. 960318 1 2 Drawer Lateral File N/A 330.00
-----------------------------------------------------------------------------------------------------------------------------------
35731 Persnickety Mfg. Inc. 960318 1 Corner Desk Unit N/A 675.00
-----------------------------------------------------------------------------------------------------------------------------------
35732 Persnickety Mfg. Inc. 960318 1 Desktop Protocol N/A 220.00
-----------------------------------------------------------------------------------------------------------------------------------
35739 Persnickety Mfg. Inc. 960402 1 Executive U Desk N/A 900.00
-----------------------------------------------------------------------------------------------------------------------------------
35741 Persnickety Mfg. Inc. 960402 1 2 Drawer Lateral File N/A 320.00
-----------------------------------------------------------------------------------------------------------------------------------
35718 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50
-----------------------------------------------------------------------------------------------------------------------------------
35723 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50
-----------------------------------------------------------------------------------------------------------------------------------
35724 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50
-----------------------------------------------------------------------------------------------------------------------------------
35725 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50
-----------------------------------------------------------------------------------------------------------------------------------
35713 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35714 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35721 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35722 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35726 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35727 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00
-----------------------------------------------------------------------------------------------------------------------------------
35708 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
-------- ---------
2 of 2
73
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
-----------------------------------------------------------------------------------------------------------------------------------
35709 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35710 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35711 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35715 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35716 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35717 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35740 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50
-----------------------------------------------------------------------------------------------------------------------------------
35701 Universal Communication
Solution 5207 1 Vodave Enhanced Speakerphone SBC612340 270.00
-----------------------------------------------------------------------------------------------------------------------------------
35702 Universal Communication
Solution 5207 1 Vodave Enhanced Speakerphone NOT POSTED 270.00
-----------------------------------------------------------------------------------------------------------------------------------
35746 Syex Express S1124884 1 Micronet 2gb Fast SCSI N/A 1,069.00
-----------------------------------------------------------------------------------------------------------------------------------
35747 Syex Express S1124884 1 Micronet 4X CD Recorder N/A 1,665.00
-----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials)
-------- ---------
3 of 3
74
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
--------------------------------------
Irori Incorporated CREDIT MEMO # 10787-06
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000 DATE 12-Aug-96
Xx Xxxxx, XX 00000
--------------------------------------
-----------------------------------------------------------------------------------------------------
QUANTITY DESCRIPTION PRICE AMOUNT
-------------------------------------------------------------------------------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-06
-------------------------------------------------------------------
First Month's Rent: $ 2,327.00
Security Deposit: $ 21,066.00
Non-Financable Items:
Freight/Install/Labor $ 1,348.54
Sales Tax $ 4,875.46
Softcost/Disposables $ 6,213.12
PLUS:
Vendor Prepayments $(96,701.94)
Prorata Commitment Fee $ (371.00)
-----------
TOTAL $(61,242.82)
-----------------------------------------------------------------------------------------------------
If you have any questions concerning CHECK PAYABLE TO: ($61,242.82)
this credit, call: (000) 000-0000. Irori Incorporated
THANK YOU FOR YOUR BUSINESS!
75
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 06 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL
THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
------------------------------------
Title: President
------------------------------------
Date: 8/21/96
------------------------------------
76
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
Telephone (000) 000-0000 o Fax (000) 000-0000
August 13, 1996
Xxxxx Xxxx
IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xx. #000
Xx Xxxxx, XX 00000
Dear Xx. Xxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 06. The Commencement date of this schedule is August 1, 1996.
Please see that the documents are executed and returned.
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ K.C. Number: 10787-06
Label Number: 35706 to 35785
Xxxxx (Xxxxx) Xxxxxxxx IRORI
Sr. Contract Administrator
By: /s/ Xxxxxxx X. Nova
------------------------------------
Title: President
------------------------------------
Date: 8/21/96
------------------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
77
10787-06 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12/08/95 Sacramento
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, #000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025 00-0000000
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
CITY STATE ZIP CODE A.B.A. NO.
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 19 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By:
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
78
10787-06 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12/08/95 Sacramento
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 X. XXXXXX XXXXX XXXX, XXXXX 000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025 00-0000000
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
CITY STATE ZIP CODE A.B.A. NO.
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 8/21 1996 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
79
NEW BUSINESS SUMMARY
Irori Incorporated
10787-06
-------------------------------------------------------------------------------
* * * * * * * * * * ACCOUNTING INFORMATION * * * * * * * * * *
EQ EQ SALES SALES TAX
VENDOR INVOICE DATE CLASS COST TAX RATE TO VENDOR
------------------------------------------------------------------------------------------------------------------------------------
Logic Network Solutions (1) 21217 02/12/96 CMP 3,373.00 7.00% 264.11
Logic Network Solutions (1) 21909 02/19/96 CMP 1,009.00 7.00% 70.63
Micron Electronics, Inc. (1) 419348 03/04/96 CMP 5,398.00 0.00% 0.00
Logic Network Solutions (1) 31146 03/11/96 CMP 1,800.00 7.00% 126.00
USA Flex, Inc. (1) 17068271 04/25/96 CMP 789.00 0.00% 0.00
USA Flex, Inc. (1) 17029760 04/23/96 CMP 10,884.00 0.00% 0.00
Technology Integration Group (1) 314532 04/10/96 CMP 1,484.00 7.75% 115.01
Tri-Star Memory Inc. (1) 13616 06/10/96 CMP 1,698.00 7.75% 131.60
Technology Integration Group (1) 323468 06/29/96 CMP 665.00 7.75% 51.54
Technology Integration Group (1) 322343 06/18/96 CMP 8,667.00 7.75% 671.69
Panelight Display Systems, Inc. (1) 6694 06/13/96 CMP 2,995.00 7.75% 232.12
Tech Data Corporation (0) 0-0000000 07/09/06 CMP 755.00 0.00% 0.00
Tech Data Corporation (0) 0-0000000 07/23/96 CMP 724.00 0.00% 0.00
PC-Club-SD (1) 66113571 07/14/96 CMP 556.00 7.75% 43.09
Xxxxxx Scientific (1) 0803854 02/20/96 LFS 531.04 7.00% 37.16
VWR Scientific Products (1) 42556461 03/29/96 LFS 455.47 7.00% 31.88
VWR Scientific Products (1) 42556291 03/29/96 LFS 455.47 7.00% 31.88
VWR Scientific Products (1) 43704730 03/22/96 LFS 895.00 7.00% 62.66
Gensia, Inc. (1) 04/11/96 LFS 500.00 0.00% 0.00
Xxxxxx Scientific (1) 1586200 05/07/96 LFS 1,478.00 7.75% 114.55
PerSeptive Biosystems (1) 107915 06/28/96 LFS 25,750.00 7.00% 1,802.50
Persnickety Mfg. Inc. (1) 960305 03/06/96 OFN 1,680.00 7.00% 117.60
Persnickety Mfg. Inc. (1) 960306 03/11/96 OFN 1,070.00 7.00% 74.90
Corporate Express (1) 11264265 04/09/96 OFN 368.00 7.75% 28.52
Corporate Express (1) 11264525 04/23/96 OFN 368.00 7.75% 28.52
Corporate Express (1) 11264375 04/09/96 OFN 1,477.00 7.75% 114.47
USA Flex, Inc. (1) 17045162 04/26/96 CMP 1,708.96 0.00% 0.00
Persnickety Mfg. Inc. (1) 960318 03/18/96 OFN 4,700.00 7.00% 329.00
Persnickety Mfg. Inc. (1) 960402 03/18/96 OFN 1,220.00 7.75% 94.55
Persnickety Mfg. Inc. (1) 960508 04/15/96 OFN 2,562.00 7.75% 198.56
Persnickety Mfg. Inc. (1) 960515 04/15/96 OFN 788.00 7.75% 61.07
Universal Communication Solution (1) 5207 06/21/96 PEQ 540.00 7.75% 41.85
Syex Express (1) S1124884 06/24/96 CMP 2,734.00 0.00% 0.00
--------- --------
TOTAL 90,477.94 4,875.4
------------------------------------------------------------------------------------------------------------------------------------
No of Invoices (33)
FREIGHT
VENDOR INSTALL TOTAL
VENDOR REBATE LABOR INVOICE PR
------------------------------------------------------------------------------------
Logic Network Solutions 0.00 0.00 4,037.11
Logic Network Solutions 0.00 0.00 1,079.63
Micron Electronics, Inc. 0.00 78.00 5,476.00
Logic Network Solutions 0.00 0.00 1,926.00
USA Flex, Inc. 0.00 31.30 820.30
USA Flex, Inc. 0.00 105.00 10,989.00
Technology Integration Group 0.00 0.00 1,599.01
Tri-Star Memory Inc. 0.00 0.00 1,829.60
Technology Integration Group 0.00 0.00 716.54
Technology Integration Group 0.00 0.00 9,338.69
Panelight Display Systems, Inc. 0.00 28.50 3,255.62
Tech Data Corporation 0.00 50.34 805.34
Tech Data Corporation 0.00 4.75 728.75
PC-Club-SD 0.00 0.00 599.09
Xxxxxx Scientific 0.00 0.00 568.20
VWR Scientific Products 0.00 0.00 487.35
VWR Scientific Products 0.00 0.00 487.35
VWR Scientific Products 0.00 50.75 1,008.41
Gensia, Inc. 0.00 0.00 500.00
Xxxxxx Scientific 0.00 0.00 1,592.00
PerSeptive Biosystems 0.00 49.00 27,601.50
Persnickety Mfg. Inc. 0.00 150.00 1,947.60
Persnickety Mfg. Inc. 0.00 75.00 1,219.90
Corporate Express 0.00 0.00 396.52
Corporate Express 0.00 0.00 396.52
Corporate Express 0.00 0.00 1,591.47
USA Flex, Inc. 0.00 28.40 1,737.36
Persnickety Mfg. Inc. 0.00 395.00 5,424.00
Persnickety Mfg. Inc. 0.00 75.00 1,389.55
Persnickety Mfg. Inc. 0.00 0.00 2,760.56
Persnickety Mfg. Inc. 0.00 0.00 849.07
Universal Communication Solution 0.00 227.50 809.35
Syex Express 0.00 0.00 2,734.00
---- -------- ---------
0.00 1,348.54 96,701.94
------------------------------------------------
No of Invoices
Prepared By: Xxxxx Xxxxxxxx Date 08/13/96
----------------- ---------
Approved By: /s/ illegible Date 08/13/96
----------------- ---------
80
LEASE MANAGEMENT SERVICES INC.
SCHEDULE 07 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $85,416.00
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the
Agreement or in this Schedule, the
undersigned Debtor promises to repay the
Advance Amount, with interest as
follows:
$2,357.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on October 1, 1996, followed by $12,812.00 on
April 1, 2000.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 10/11/96
------------------------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
--------------------------------- -------------------------------------
Xxxxxxx X. Nova Xxxxxxx X. Xxxxxx
Title: CEO Title: EVP/General Manager
------------------------------ ---------------------------------
81
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 07 to the Equipment
Financing Agreement Number 10787, totaling $85,416.00 against equipment
purchases, as follows:
$85,416.00 Proceeds from Equipment Financing Agreement Number
10787-07.
LESS:
$2,357.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
first installment payment due October 1, 1996.
$21,354.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
Security Deposit.
PLUS:
$376.00 Credit for Commitment fee refund.
$62,081.00 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------------------
Title: CEO
---------------------------------------
Date: 10/11/96
---------------------------------------
82
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 07 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein, by this reference. All Terms used herein shall have the
same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
ATTACHED HERETO AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $85,416.00
Debtor: /s/ MPN (Initials)
-----------------------
Secured Party: /s/ BBK (Initials)
-----------------------
83
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-07
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
47213 Xxxxxx Scientific 2444197 1 Vacuum Pump 5.6 Model M8C F1693 1,388.64
----------------------------------------------------------------------------------------------------------------------------------
22297 Xxxxxx Scientific 2444198 1 PH Meter Portable 0003679 325.00
----------------------------------------------------------------------------------------------------------------------------------
47201 Xxxxxx Scientific 2250920 1 Isotemp Incubator 506R0217 789.00
----------------------------------------------------------------------------------------------------------------------------------
47207 Xxxxxx Scientific 2265511 1 Universal Platform Model G10 690750176 595.00
----------------------------------------------------------------------------------------------------------------------------------
47212 Xxxxxx Scientific 2741155 1 Freeze Dryer w/Tray Model 12L 7498XX77540XX 15,398.00
----------------------------------------------------------------------------------------------------------------------------------
47202 Xxxxxx Scientific 2852796 1 Flammables Floor Cabinet NO S/N 450.64
----------------------------------------------------------------------------------------------------------------------------------
47215 Xxxxxx Scientific 2694849 1 Basic Level Balance 2115036580 816.00
----------------------------------------------------------------------------------------------------------------------------------
47203 Genta Incorporated Invoice 1 Isotemp Ref/Freezer 000-0000-000 1,500.00
----------------------------------------------------------------------------------------------------------------------------------
47204 Genta Incorporated Invoice 1 Drying Oven 90200057 300.00
----------------------------------------------------------------------------------------------------------------------------------
47205 Genta Incorporated Invoice 1 Glassware Dishwasher 18075235 2,300.00
----------------------------------------------------------------------------------------------------------------------------------
47208 Xxxxxx Scientific 2540870 1 Shaker Gyrotry Model G10 690750176 3,020.00
----------------------------------------------------------------------------------------------------------------------------------
47209 Xxxxxx Scientific 2521055 1 Sound Enclosure 10758 553.80
----------------------------------------------------------------------------------------------------------------------------------
47210 Xxxxxx Scientific 2521055 1 Sieve Shaker 11098 1,373.42
----------------------------------------------------------------------------------------------------------------------------------
22272 Technology Integration Group 328309 1 Multiscan 15SF2 Monitor S0181242126 480.00
----------------------------------------------------------------------------------------------------------------------------------
22286 Technology Integration Group 333818 1 Energy 17" Monitor S0L455101661 665.00
----------------------------------------------------------------------------------------------------------------------------------
22273 Technology Integration Group 326378 1 SVGA Network Cards 1000045383 271.00
----------------------------------------------------------------------------------------------------------------------------------
22274 Technology Integration Group 330029 1 Armada 1120T P100 7630HYD31879 2,139.00
----------------------------------------------------------------------------------------------------------------------------------
22275 Technology Integration Group 330029 1 8MB Upgrade NO S/N 195.00
----------------------------------------------------------------------------------------------------------------------------------
22285 Technology Integration Group 330029 1 Ethernet Modem 28.8 9125681 390.00
----------------------------------------------------------------------------------------------------------------------------------
22280 Micron Electronics 643078 1 Micro Computer ATO Model BOM 841845-0001 2,899.00
----------------------------------------------------------------------------------------------------------------------------------
22281 Micron Electronics 643078 1 104 Enhanced Keyboard NO S/N incl.
----------------------------------------------------------------------------------------------------------------------------------
22283 Technology Integration Group 328108 1 PCI LAN Adapter NO S/N 790.00
----------------------------------------------------------------------------------------------------------------------------------
22282 Technology Integration Group 328108 1 Energy 17" Monitor 0L4-54601820 665.00
----------------------------------------------------------------------------------------------------------------------------------
22263 Technology Integration Group 328108 1 Energy 17" Monitor 0L4-54601826 665.00
----------------------------------------------------------------------------------------------------------------------------------
22278 Micron Electronics 615788 1 Micro Computer ATO Model BOM 656901-0002 2,239.00
----------------------------------------------------------------------------------------------------------------------------------
22279 Micron Electronics 615788 1 104 Enhanced Keyboard NO S/N incl.
----------------------------------------------------------------------------------------------------------------------------------
22264 Micron Electronics 669498 1 Micro Computer ATO Model BOM 656901-0001 2,299.00
----------------------------------------------------------------------------------------------------------------------------------
22265 Micron Electronics 669498 1 104 Enhanced Keyboard NO S/N incl.
----------------------------------------------------------------------------------------------------------------------------------
22276 Micron Electronics 669498 1 Micro Computer ATO Model BOM 617665-0001 2,299.00
----------------------------------------------------------------------------------------------------------------------------------
22277 Micron Electronics 669498 1 104 Enhanced Keyboard NO S/N incl.
----------------------------------------------------------------------------------------------------------------------------------
22284 National Instruments 230972 1 AT-OPIB Interface Card NO S/N 570.00
----------------------------------------------------------------------------------------------------------------------------------
(3) Persnickety Mfg. Inc. 960823 6 Open Office Panels Walls NO S/N 12,383.00
----------------------------------------------------------------------------------------------------------------------------------
22295 Persnickety Mfg. Inc. 9608120-B 1 Mobile Pedestal NO S/N 327.00
----------------------------------------------------------------------------------------------------------------------------------
22294 Persnickety Mfg. Inc. 960813 1 Executive U Desk NO S/N 1,425.00
----------------------------------------------------------------------------------------------------------------------------------
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials)
------------- ---------------
1 of 1
84
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
(4) Persnickety Mfg. Inc. 960813 1 2-Drawer Lateral File NO S/N incl.
----------------------------------------------------------------------------------------------------------------------------------
(1) PC Saver 2290 4 32MB Upgrade NO S/N 880.00
----------------------------------------------------------------------------------------------------------------------------------
22267 PC Saver 2289 1 Pentium Pro System NO S/N 3,666.00
----------------------------------------------------------------------------------------------------------------------------------
22266 PC Saver 2289 1 15" SVGA Monitor 68TTB0477359 incl.
----------------------------------------------------------------------------------------------------------------------------------
47211 Savant Instruments 128629 1 Speedvac Component System SC210A-6H330453-1G 12,505.00
----------------------------------------------------------------------------------------------------------------------------------
(2) Tri-Star Memory Inc. 13834 6 32MB Memory Upgrade NO S/N 1,314.00
----------------------------------------------------------------------------------------------------------------------------------
47206 TriLink BioTechnologies 4 1 Gamma Center 3,000.00
----------------------------------------------------------------------------------------------------------------------------------
47217 Universal Communication Solution 5499 1 Executive Phone Display SBG611527 340.20
----------------------------------------------------------------------------------------------------------------------------------
47218 Universal Communication Solution 5499 1 Executive Phone Display SBG611350 340.20
----------------------------------------------------------------------------------------------------------------------------------
47222 Universal Communication Solution 5499 1 Executive Phone Display SBG611135 340.20
----------------------------------------------------------------------------------------------------------------------------------
47221 Universal Communication Solution 5499 1 Executive Phone Display SBG611504 340.20
----------------------------------------------------------------------------------------------------------------------------------
47220 Universal Communication Solution 5499 1 Executive Phone Display SBG611173 340.20
----------------------------------------------------------------------------------------------------------------------------------
47219 Universal Communication Solution 5499 1 Executive Phone Display SBG611371 340.20
----------------------------------------------------------------------------------------------------------------------------------
47223 Universal Communication Solution 5499 1 Executive Phone Display SBG611121 340.20
----------------------------------------------------------------------------------------------------------------------------------
47224 Universal Communication Solution 5499 1 Executive Phone Display SBG611325 340.20
----------------------------------------------------------------------------------------------------------------------------------
47216 Universal Communication Solution 5499 1 Executive Phone Display SBG611091 340.20
----------------------------------------------------------------------------------------------------------------------------------
47225 Universal Communication Solution 5499 1 Executive Phone Display SBG611468 340.20
----------------------------------------------------------------------------------------------------------------------------------
22287 Universal Communication Solution 5499 1 12 Port Station NO S/N 780.30
----------------------------------------------------------------------------------------------------------------------------------
47214 VWR Scientific Products 53481110 1 Rolomix Orb Mixer Model 51335T 553960799706 358.20
----------------------------------------------------------------------------------------------------------------------------------
TOTAL 85,416.00
(0) 00000 00000 (0) 00000 00000
22269 22271 22289 22292
22290 22293
(2) 22309 (4) 22296
22310
22311
22312
22313
22314
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials)
------------- ---------------
2 of 2
85
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 07 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplies
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------------
Title: CEO
---------------------------------
Date: 10/11/96
---------------------------------
86
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX. 00000
---------------------------------------
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000 CREDIT MEMO # 00000-00
Xx Xxxxx, XX 00000 DATE 09-Oct-96
---------------------------------------
--------------------------------------------------------------------------------
QUANTITY DESCRIPTION PRICE AMOUNT
--------------------------------------------------------------------------------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-07
-----------------------------------------------
First Month's Rent: $ 2,357.00
Security Deposit: $ 21,354.00
Non-Financable Items:
Freight/Install/Labor $ 2,638.47
Sales Tax $ 5,894.13
Softcost/Disposables $ 699.70
PLUS:
Vendor Prepayments $(94,648.30)
Prorata Commitment Fee $ (376.00)
-----------
TOTAL $(62,081.00)
--------------------------------------------------------------------------------
If you have any questions concerning CHECK PAYABLE TO: ($62,081.00)
this credit, call: (000) 000-0000. Irori Incorporated
THANK YOU FOR YOUR BUSINESS!
87
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000,
Xxxxx Xxxx, XX 00000 Telephone (415)
000-0000 o Fax (000) 000-0000
October 4, 1996
Xxxxx Xxxx
IRORI INCORPORATED
00000 Xxxxx Xxxxxx Xxxxx Xxxx
Xx Xxxxx, XX 00000
Dear Xxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 07. The Commencement date of this schedule is October 1, 1996.
Please see that the documents are executed and returned
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ K.C. Number: 10787-07
Label Number: See Exhibit A-1
Xxxxx (Xxxxx) Xxxxxxxx IRORI INCORPORATED
Sr. Contract Administrator
By: /s/ Xxxxxxx X. Nova
-----------------------------------
Title: CEO
-----------------------------------
Date: 10/11/96
-----------------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
88
10787-07 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12/08/95 Sacramento
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, #000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025 00-0000000
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
A.B.A. NO.
CITY STATE ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below..
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above..
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 10/11 1996 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM--FILING FEE UNIFORM COMMERCIAL CODE--FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
89
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 08 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY. ACKNOWLEDGE THAT THE ITEMS
OF EQUIPMENT DESCRIBED IN TIES SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT
THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT
THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION
THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $48,249.85
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or
in this Schedule, the undersigned Debtor
promises to repay the Advance Amount, with
interest as follows:
$1,326.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on, December 1, 1996, followed by $7,237.00 on
June 1, 2000.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, # 000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 12/20/96
-------------------------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ Xxxxxxx X. Nova By: /s/ Xxxxxxx X. Xxxxxx
------------------------------- --------------------------
Xxxxxxx X. Xxxxxx
Title: President Title: EVP/General Manager
------------------------------- --------------------------
90
LEASE MANAGEMENT SERVICES, INC.
EXHIBIT A
Attached to and forming a part of the following documents: Schedule Number 08 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.
AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO
AND MADE A PART HEREOF.
TOTAL PURCHASE PRICE $48,249.85
Debtor: /s/ MPN (Initials)
-----------------------
Secured Party: /s/ BBK (Initials)
-----------------------
91
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-08
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
----- ------ --------- --- ----------- ------------- ------
47230 Universal Communication Solution 5635 1 4 Port Voice Mailcard N/A 1,595.00
47227 Xxxxxx Scientific 3366251 1 Balance Et Al 1115300705 4,815.55
47229 Xxxxxx Scientific 2177573 1 Vacuum Pump Gerotor YKL270610 739.00
47249 VWR Scientific Products 57931660 1 Pump 115V 193904 1,291.50
47228 Xxxxxx Xxxxx 0996944 1 Spectrum 1000 W/Software 45395 17,210.00
47240 Micron Electronics, Inc. 789892 0 Xxxxxx Xxxxxxxx XXX Xxxxx XXX 000000-0000 2,049.00
47231 Networks 2000 2148 1 HP Advancestack 100VG Hub 14-Port NONE 1,441.25
47233 Networks 2000 2148 1 HP SNMP Bridge Module SG63030296 936.55
47248 Networks 2000 2148 1 Digiboard 8 Port Card N/A 719.00
47237 Micron Electronics, Inc. 764346 1 Micron Computer ATO Model BOM 706164-0001 2,049.00
47247 Technology Integration Group 339235 1 17" Monitor AI0-52303272 650.00
47232 Andataco 157172 1 Desktop Cab 0000-0937 4,800.00
00000 Xxxxxxxx 157172 1 DLT4000 Tape Xxxx 0000-0000 2,325.00
(1) Technology Integration Group 337325 6 PCI LAN Adapter (pkg of 6) N/A 790.00
47238 Technology Integration Group 337325 1 17" Monitor OP4-60201585 650.00
47239 Technology Integration Group 336491 1 17" Monitor OP4-54901751 650.00
47235 Technology Integration Group 335814 1 Laserjet 4MV SJPFH010307 2,745.00
47236 Micron Electronics 747144 0 Xxxxxx Xxxxxxxx XXX Xxxxx XXX 000000-0000 2,049.00
47226 Pharmacia Biotech 38715620 1 EPS 500 Power Supply 9603-1001 745.00
TOTAL $48,249.85
(1) 47241
47242
47243
47244
47245
47246
Debtor /s/ MPN (Initials) Secured Pary /s/ BBK (Initials)
--------- ---------
1 of 1
92
LEASE MANAGEMENT SERVICES, INC.
PAY PROCEEDS LETTER
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 08 to the Equipment
Financing Agreement Number 10787, totaling $48,249.85 against equipment
purchases, as follows
$48,249.85 Proceeds from Equipment Financing Agreement
Number 10787-08.
LESS:
$1,326.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
first installment payment due December 1, 1996.
$12,062.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay
Security Deposit.
PLUS:
$212.00 Credit for Commitment fee refund.
$35,073.85 Credit due to IRORI INCORPORATED.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
---------------------------
Title: President
---------------------------
Date: 12/20/96
---------------------------
93
LEASE MANAGEMENT SERVICES, INC.
CREDIT MEMO
0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, XX 00000
Irori Incorporated
00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
CREDIT MEMO # 10787-08
DATE 09-Dec-96
QUANTITY DESCRIPTION PRICE AMOUNT
-------- ----------- ----- ------
RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-08
--------------------------------------------------------------------
First Month's Rent: $1,326.00
Security Deposit: $12,062.00
Non-Financeable Items:
Freight/Install/Labor $458.77
Sales Tax $3,559.82
Softcost/Disposables $3,829.75
PLUS:
Vendor Prepayments $(56,098.19)
Prorata Commitment Fee $(212.00)
------------
TOTAL $(35,073.85)
If you have any questions concerning this credit, CHECK PAYABLE TO: $(35,073.85)
call: (000) 000-0000. Irori Incorporated
------------
THANK YOU FOR YOUR BUSINESS!
94
LEASE MANAGEMENT SERVICES, INC.
CERTIFICATE OF ACCEPTANCE
Attached to and made an integral part of Schedule 08 to Equipment Financing
Agreement Number 10787.
TO: LEASE MANAGEMENT SERVICES, INC.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
EQUIPMENT DESCRIPTION
SEE ATTACHED EXHIBIT "A"
We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security deposit created herein.
We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.
All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.
DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.
DEBTOR:
IRORI INCORPORATED
By: /s/ Xxxxxxx X. Nova
-----------------------------
Title: President
-----------------------
Date: 12/20/96
-------------------------
95
Lease Management Services, Inc.
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
Telephone (000) 000-0000 o Fax (000) 000-0000
December 13, 1996
Xxxxx Xxxx
IRORI
00000 Xxxxx Xxxxxx Xxxx Xxxx, #000
Xx Xxxxx, XX 00000
Dear Xxxxx:
Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 08. The Commencement date of this schedule is December 1, 1996.
Please see that the documents are executed and returned.
Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.
Should you have any questions, please call.
Sincerely, LABELING OF EQUIPMENT
Equipment Financing Agreement
/s/ K.C. Number: 10787-08
Label Number: See Exhibit A-1
Xxxxx (Xxxxx) Xxxxxxxx IRORI
Sr. Contract Administrator
By: /s/ Xxxxxxx X. Nova
-------------------------------
Title: President
-------------------------------
Date: 12/20/96
-------------------------------
Enclosures
A Subsidiary of Phoenixcor, Inc. o 00 Xxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000
96
10787-08 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12/08/95 SOS
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, #000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025 9482221046
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
CITY STATE ZIP CODE A.B.A. NO.
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 19 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
97
10787-08 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG.
STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT
9534560778 12/08/95 SOS
-----------------------------------------------------------------------------------------------------------------------------------
2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO.,
FEDERAL TAX NO.
IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. ZIP CODE
00000 XXXXX XXXXXX XXXXX XXXX, #000 XX XXXXX, XX 00000
-----------------------------------------------------------------------------------------------------------------------------------
3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR
FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B. XXXXXXX XXXXXXX 0X. XXXX, XXXXX 0X. XXX CODE
-----------------------------------------------------------------------------------------------------------------------------------
4. SECURED PARTY 4A. SOCIAL SECURITY NO.,
FEDERAL TAX NO,.
OR BANK TRANSIT AND
A.B.A. NO.
NAME LEASE MANAGEMENT SERVICES, INC.
MAILING ADDRESS 0000 XXXX XXXX XXXX, XXXXX 000
XXXX XXXXX XXXX XXXXX XX ZIP CODE 94025 00-0000000
-----------------------------------------------------------------------------------------------------------------------------------
5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO.,
NAME FEDERAL TAX NO. OR
MAILING ADDRESS BANK TRANSIT AND
CITY STATE ZIP CODE A.B.A. NO.
-----------------------------------------------------------------------------------------------------------------------------------
6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
below.
-----------------------------------------------------------------------------------------------------------------------------------
D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
(Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE XX. 00 XX XXXXXXXXX XXXXXXXXX XXXXXXXXX
XX. 00000, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8. C 9. This Space for Use of Filing Officer
O (Date, Time, Filing Office)
D
(Date) 12/20 1996 E
--------------------------------------
IRORI INCORPORATED
-----------------------------------------------------------------------------
1
By: /s/ XXXXXXX X. NOVA PRESIDENT
-----------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (TITLE)
2
LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
3
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------------------------------
SIGNATURE(S) OF SECURED PARTY(IES) (TITLE)
4
-----------------------------------------------------------------------------
RETURN COPY TO
5
P6-0000-141-6
ADDRESS LEASE MANAGEMENT SERVICES, INC.
0000 XXXX XXXX XXXX, XXXXX 000 0
XXXXX XXXX, XX 00000
7
Filing Officer Debtors
STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2
8
Approved by the Secretary of State
9
-----------------------------------------------------------------------------------------------------------------------------------
98
LEASE MANAGEMENT SERVICES, INC.
PREPARED FOR: IRORI, INC.
SCHEDULE 10787-08
COMMENCE DATE: 01-Dec-96 PV RENTAL $48,249.85
PRINCIPAL: $48,249.85
IMPLICIT INTEREST RATE: 8.65%
AMORTIZATION FACTOR: 14.644813%
TERM: 43
ADV or ARR: 2
(1=ARR, 2=ADV)
APPLIED TO APPLIED TO REMAINING
PYMT # PRINCIPAL PAYMENT INTEREST PRINCIPAL PRINCIPAL
------ --------- ------- -------- --------- ---------
1 $48,249.85 $1,326.00 $0.00 $1,326.00 $46,923.85
2 46,923.85 1,326.00 572.66 753.34 46,170.51
3 46,170.51 1,326.00 563.47 762.53 45,407.97
4 45,407.97 1,326.00 554.16 771.84 44,636.13
5 44,636.13 1,326.00 544.74 781.26 43,854.87
6 43,854.87 1,326.00 535.21 790.79 43,064.08
7 43,064.08 1,326.00 525.55 800.45 42,263.63
8 42,263.63 1,326.00 515.79 810.21 41,453.42
9 41,453.42 1,326.00 505.90 820.10 40,633.32
10 40,633.32 1,326.00 495.89 830.11 39,803.21
11 39,803.21 1,326.00 485.76 840.24 38,962.97
12 38,962.87 1,326.00 475.50 850.50 38,112.47
13 38,112.47 1,326.00 465.13 860.87 37,251.60
14 37,251.60 1,326.00 454.62 871.38 36,380.21
15 36,380.21 1,326.00 443.98 882.02 35,498.20
16 35,498.20 1,326.00 433.22 892.78 34,605.42
17 34,605.42 1,326.00 422.32 903.68 33,701.74
18 33,701.74 1,326.00 411.30 914.70 32,787.04
19 32,787.04 1,326.00 400.13 925.87 31,861.17
20 31,861.17 1,326.00 388.83 937.17 30,924.01
21 30,924.01 1,326.00 377.40 948.50 29,975.40
22 29,975.40 1,326.00 365.82 960.18 29,015.23
23 29,015.23 1,326.00 354.10 971.90 28,043.33
24 28,043.33 1,326.00 342.24 983.76 27,059.57
25 27,059.57 1,326.00 330.24 995.76 26,063.80
26 26,063.80 1,326.00 318.08 1,007.92 25,055.89
27 25,055.89 1,326.00 305.78 1,020.22 24,035.67
28 24,035.67 1,326.00 293.33 1,032.67 23,003.00
29 23,003.00 1,326.00 280.73 1,045.27 21,957.73
30 21,957.73 1,326.00 267.97 1,058.03 20,899.70
31 20,899.70 1,326.00 255.06 1,070.94 19,828.76
32 19,828.76 1,326.00 241.99 1,084.01 18,744.75
33 18,744.75 1,326.00 228.76 1,097.24 17,647.51
34 17,647.51 1,326.00 215.37 1,110.63 16,536.88
35 16,536.88 1,326.00 201.82 1,124.18 15,412.70
36 15,412.70 1,326.00 188.10 1,137.90 14,274.80
37 14,274.60 1,326.00 174.21 1,151.79 13,123.01
38 13,123.01 1,326.00 160.15 1,165.85 11,957.16
39 11,957.16 1,326.00 145.93 1,180.07 10,777.09
40 10,777.09 1,326.00 131.52 1,194.48 9,582.61
41 9,582.61 1,326.00 116.95 1,209.05 8,373.56
42 8,373.56 1,326.00 102.19 1,223.81 7,149.75
43 7,149.75 7,237.00 87.26 7,149.74 0.00
44 0.00 0.00 0.00 (0.00) 0.00
45 0.00 0.00 0.00 (0.00) 0.00
46 0.00 0.00 0.00 (0.00) 0.00
47 0.00 0.00 0.00 (0.00) 0.00
48 0.00 0.00 0.00 (0.00) 0.00
49 0.00 0.00 0.00 (0.00) 0.00
TOTAL INTEREST 14,679.15
TOTAL PRINCIPAL 48,249.85
---------
TOTAL RENTAL RECEIVABLE 62,929.00 62,929.00
The above amortization schedule has been prepared using standard amortization
software. You may want to submit a copy of this schedule, along with the Lease
documents, to your CPA firm so they can verify that your accounting records
comply with generally accepted accounting principles.
99
LEASE MANAGEMENT SERVICES, INC.
SCHEDULE 09 TO
EQUIPMENT FINANCING AGREEMENT NUMBER 10787
BETWEEN
IRORI INCORPORATED, AS DEBTOR
AND
LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY
ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.
1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A"
2. PROCEEDS AMOUNT: $38,059.55
3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or
in this Schedule, the undersigned Debtor
promises to repay the Advance Amount, with
interest as follows:
$1,047.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on March 1, 1997, followed by $5,709.00 on
September 1, 2000.
4. EQUIPMENT LOCATION: 00000 Xxxxx Xxxxxx Xxxxx Xxxx, #000
Xx Xxxxx, XX 00000
5. OTHER PROVISIONS: N/A
Dated: 3-24-97
-----------------------------
DEBTOR: SECURED PARTY:
IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC.
By: /s/ XXXXXXX XXXX By: /s/ XXXXXXX X. XXXXXX
----------------------------- -------------------------------
Xxxxxxx X. Xxxxxx
Title: President & CEO Title: EVP/General Manager
----------------------------- -----------------------------
100
IRORI INCORPORATED
EXHIBIT A-1 TO SCHEDULE 10787-09
LMSI
TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
31617 MicroImage?? 337327 1 500 Sheet Lower Tray for Laser Printer DE11586713 295.00
------------------------------------------------------------------------------------------------------------------------------------
31620 Technology Integration Group 329472 1 HP Vectra VL Series 4 5/100 SUS62455354 1,750.00
------------------------------------------------------------------------------------------------------------------------------------
31619 Technology Integration Group 329472 1 HP 1024 LE/MM 15" Monitor KR54213119 485.00
------------------------------------------------------------------------------------------------------------------------------------
Technology Integration Group 343198 1 10/100VG PCI Lan Adapter-6pk N/A 790.00
6pk - 31625,31626,31627,31628,31629,31630
------------------------------------------------------------------------------------------------------------------------------------
31616 Technology Integration Group 342913 1 Xxxxxxxxx Xxxxxx 000"X" Color Printer B6C2732 4,895.00
------------------------------------------------------------------------------------------------------------------------------------
31618 Technology Integration Group 325904 1 HP Vectra VL Series 4 5/100 SUS62556102 2,000.00
------------------------------------------------------------------------------------------------------------------------------------
31631 Technology Integration Group 325904 1 HP 1024 LE/MM 15" Monitor KR54920156 485.00
------------------------------------------------------------------------------------------------------------------------------------
31632 Technology Integration Group 343841 1 32MB Upgrade for NEC Versa 4000 Series N/A 325.00
------------------------------------------------------------------------------------------------------------------------------------
31622 Technology Integration Group 352164 1 17" SONY Multi Sync Monitor S011076380B 690.00
------------------------------------------------------------------------------------------------------------------------------------
31609 Networks 2000 2163 1 Compaq Prosignia 300 5/150 Server D641BHG20712 3,532.62
------------------------------------------------------------------------------------------------------------------------------------
31610 Networks 2000 2163 1 14" CTX Monitor 280-62107107 249.00
------------------------------------------------------------------------------------------------------------------------------------
31611 Networks 2000 2163 1 APC Backup 450 VA UPS WB9645112935 200.00
------------------------------------------------------------------------------------------------------------------------------------
31633 Networks 2000 2171 1 Digital Xxxxxx Ultra II-Laptop Computer 8R64801030 5,494.93
------------------------------------------------------------------------------------------------------------------------------------
31621 Networks 2000 2167 1 APCC 700 VA UPS WS9642023559 390.00
------------------------------------------------------------------------------------------------------------------------------------
31624,31623 Networks 2000 2167 2 Compaq 4.3 Gig SCSI Hard Drive N/A 1,375.00
------------------------------------------------------------------------------------------------------------------------------------
31612 Micron Electronics, Inc. 817146 1 Micron Computer ATO Model BOM 738091-0001 4,450.00
31613 w/Monitor G6HDD5158
------------------------------------------------------------------------------------------------------------------------------------
31615 Micron Electronics, Inc. 836526 1 Micron Computer ATO Model BOM 807814-0001 3,300.00
------------------------------------------------------------------------------------------------------------------------------------
31614 Digital Dimensions, Inc. 7390 1 Viewsonic 21" Monitor 0200 1000 4949 6208 2,060.00
------------------------------------------------------------------------------------------------------------------------------------
31634 Networks 2000 2181 1 CD-ROM Multimedia Kit for Laptop N/A 665.00
------------------------------------------------------------------------------------------------------------------------------------
31607 Orion Research, Inc. I-377089 1 290A Portable PH/ISE Meter 6832 690.00
------------------------------------------------------------------------------------------------------------------------------------
31606 VWR Scientific Products 15474110 1 Dataplate, KG Hot Plate/Stirrer 992961142736 666.00
------------------------------------------------------------------------------------------------------------------------------------
31608 VWR Scientific Products 16097710 1 Dataplate, KG Hot Plate/Stirrer 992960258449 666.00
------------------------------------------------------------------------------------------------------------------------------------
22305 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00
------------------------------------------------------------------------------------------------------------------------------------
22302 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00
------------------------------------------------------------------------------------------------------------------------------------
22299 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00
------------------------------------------------------------------------------------------------------------------------------------
22298 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00
------------------------------------------------------------------------------------------------------------------------------------
22307 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
22306 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
22304 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
22303 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
22300 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
22301 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00
------------------------------------------------------------------------------------------------------------------------------------
Total for 10787-09 Lease Management 38,059.55
------------------------------------------------------------------------------------------------------------------------------------
Page 1
101
Leasehold Management Services
Schedule 01 Monthly Interest Rate = 1.221%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ---- ---- --------- --------
47,191.91
1 $47,191.91 10/1/95 1,297.00 - 1,297.00 45,894.91 60,256.00
2 11/1/95 1,297.00 560.24 736.76 45,158.15 58,959.00
3 12/1/95 1,297.00 551.24 745.76 44,412.39 57,662.00
4 1/1/96 1,297.00 542.14 754.86 43,657.53 56,365.00
5 2/1/96 1,297.00 532.93 764.07 42,893.46 55,068.00
6 3/1/96 1,297.00 523.60 773.40 42,120.06 53,771.00
7 4/1/96 1,297.00 514.16 782.84 41,337.21 52,474.00
8 5/1/96 1,297.00 504.60 792.40 40,544.82 51,177.00
9 6/1/96 1,297.00 494.93 802.07 39,742.75 49,880.00
10 7/1/96 1,297.00 485.14 811.86 38,930.88 48,583.00
11 8/1/96 1,297.00 475.23 821.77 38,109.11 47,286.00
12 9/1/96 1,297.00 465.20 831.80 37,277.31 45,989.00
13 10/1/96 1,297.00 455.04 841.96 36,435.35 44,692.00
14 11/1/96 1,297.00 444.77 852.23 35,583.12 43,395.00
15 12/1/96 1,297.00 434.36 862.64 34,720.48 42,098.00
16 1/1/97 1,297.00 423.83 873.17 33,847.31 40,801.00
17 2/1/97 1,297.00 413.17 883.83 32,963.48 39,504.00
18 3/1/97 1,297.00 402.38 894.62 32,068.87 38,207.00
19 4/1/97 1,297.00 391.46 905.54 31,163.33 36,910.00
20 5/1/97 1,297.00 380.41 916.59 30,246.74 35,613.00
21 6/1/97 1,297.00 369.22 927.78 29,318.96 34,316.00
22 7/1/97 1,297.00 357.90 939.10 28,379.86 33,019.00
23 8/1/97 1,297.00 346.43 950.57 27,429.29 31,722.00
24 9/1/97 1,297.00 334.83 962.17 26,467.12 30,425.00
25 10/1/97 1,297.00 323.08 973.92 25,493.20 29,128.00
26 11/1/97 1,297.00 311.19 985.81 24,507.39 27,831.00
27 12/1/97 1,297.00 299.16 997.84 23,509.56 26,534.00
28 1/1/98 1,297.00 286.98 1,010.02 22,499.54 25,237.00
29 2/1/98 1,297.00 274.65 1,022.35 21,477.19 23,940.00
30 3/1/98 1,297.00 262.17 1,034.83 20,442.36 22,643.00
31 4/1/98 1,297.00 249.54 1,047.46 19,394.90 21,346.00
32 5/1/98 1,297.00 236.75 1,060.25 18,334.65 20,049.00
33 6/1/98 1,297.00 223.81 1,073.19 17,261.46 18,752.00
34 7/1/98 1,297.00 210.71 1,086.29 16,175.17 17,455.00
35 8/1/98 1,297.00 197.45 1,099.55 15,075.62 16,158.00
36 9/1/98 1,297.00 184.03 1,112.97 13,962.65 14,861.00
37 10/1/98 1,297.00 170.44 1,126.56 12,836.09 13,564.00
38 11/1/98 1,297.00 156.69 1,140.31 11,695.78 12,267.00
39 12/1/98 1,297.00 142.77 1,154.23 10,541.55 10,970.00
40 1/1/99 1,297.00 128.68 1,168.32 9,373.23 9,673.00
41 2/1/99 1,297.00 114.42 1,182.58 8,190.65 8,376.00
42 3/1/99 1,297.00 99.98 1,197.02 6,993.63 7,079.00
43 4/1/99 7,079.00 85.37 6,993.63 0.00 -
102
Leasehold Management Services
Schedule 02 Monthly Interest Rate = 1.220%
Amortization schedule
PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT INTEREST PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ------------- ---- --------- --------
56,437.03
1 $56,437.03 12/1/95 1,551.00 - 1,551.00 54,886.03 72,057.00
2 1/1/96 1,551.00 669.86 881.14 54,004.89 70,506.00
3 2/1/96 1,551.00 659.10 891.90 53,112.99 68,955.00
4 3/1/96 1,551.00 648.22 902.78 52,210.21 67,404.00
5 4/1/96 1,551.00 637.20 913.80 51,296.41 65,853.00
6 5/1/96 1,551.00 626.05 924.95 50,371.46 64,302.00
7 6/1/96 1,551.00 614.76 936.24 49,435.22 62,751.00
8 7/1/96 1,551.00 603.33 947.67 48,487.56 61,200.00
9 8/1/96 1,551.00 591.77 959.23 47,528.33 59,649.00
10 9/1/96 1,551.00 580.06 970.94 46,557.39 58,098.00
11 10/1/96 1,551.00 568.21 982.79 45,574.60 56,547.00
12 11/1/96 1,551.00 556.22 994.78 44,579.82 54,996.00
13 12/1/96 1,551.00 544.08 1,006.92 43,572.89 53,445.00
14 1/1/97 1,551.00 531.79 1,019.21 42,553.68 51,894.00
15 2/1/97 1,551.00 519.35 1,031.65 41,522.03 50,343.00
16 3/1/97 1,551.00 506.76 1,044.24 40,477.78 48,792.00
17 4/1/97 1,551.00 494.01 1,056.99 39,420.80 47,241.00
18 5/1/97 1,551.00 481.11 1,069.89 38,350.91 45,690.00
19 6/1/97 1,551.00 468.06 1,082.94 37,267.97 44,139.00
20 7/1/97 1,551.00 454.84 1,096.16 36,171.80 42,588.00
21 8/1/97 1,551.00 441.46 1,109.54 35,062.26 41,037.00
22 9/1/97 1,551.00 427.92 1,123.08 33,939.18 39,486.00
23 10/1/97 1,551.00 414.21 1,136.79 32,802.39 37,935.00
24 11/1/97 1,551.00 400.34 1,150.66 31,651.73 36,384.00
25 12/1/97 1,551.00 386.29 1,164.71 30,487.03 34,833.00
26 1/1/98 1,551.00 372.08 1,178.92 29,308.11 33,282.00
27 2/1/98 1,551.00 357.69 1,193.31 28,114.80 31,731.00
28 3/1/98 1,551.00 343.13 1,207.87 26,906.93 30,180.00
29 4/1/98 1,551.00 328.39 1,222.61 25,684.31 28,629.00
30 5/1/98 1,551.00 313.47 1,237.53 24,446.78 27,078.00
31 6/1/98 1,551.00 298.36 1,252.64 23,194.14 25,527.00
32 7/1/98 1,551.00 283.07 1,267.93 21,926.22 23,976.00
33 8/1/98 1,551.00 267.60 1,283.40 20,642.81 22,425.00
34 9/1/98 1,551.00 251.94 1,299.06 19,343.75 20,874.00
35 10/1/98 1,551.00 236.08 1,314.92 18,028.83 19,323.00
36 11/1/98 1,551.00 220.03 1,330.97 16,697.87 17,772.00
37 12/1/98 1,551.00 203.79 1,347.21 15,350.66 16,221.00
38 1/1/99 1,551.00 187.35 1,363.65 13,987.00 14,670.00
39 2/1/99 1,551.00 170.70 1,380.30 12,606.71 13,119.00
40 3/1/99 1,551.00 153.86 1,397.14 11,209.57 11,568.00
41 4/1/99 1,551.00 136.81 1,414.19 9,795.38 10,017.00
42 5/1/99 1,551.00 119.55 1,431.45 8,363.92 8,466.00
43 6/1/99 8,466.00 102.08 8,363.92 0.00 -
103
Leasehold Management Services
Schedule 03 Monthly Interest Rate = 1.194%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- -------- --------- --------- ---------
105,426.86
1 $105,426.86 1/1/96 2,880.00 - 2,880.00 102,546.86 133,894.00
2 2/1/96 2,880.00 1,224.35 1,655.65 100,891.21 131,014.00
3 3/1/96 2,880.00 1,204.58 1,675.42 99,215.79 128,134.00
4 4/1/96 2,880.00 1,184.58 1,695.42 97,520.37 125,254.00
5 5/1/96 2,880.00 1,164.34 1,715.66 95,804.70 122,374.00
6 6/1/96 2,880.00 1,143.85 1,736.15 94,068.55 119,494.00
7 7/1/96 2,880.00 1,123.12 1,756.88 92,311.68 116,614.00
8 8/1/96 2,880.00 1,102.15 1,777.85 90,533.82 113,734.00
9 9/1/96 2,880.00 1,080.92 1,799.08 88,734.74 110,854.00
10 10/1/96 2,880.00 1,059.44 1,820.56 86,914.18 107,974.00
11 11/1/96 2,880.00 1,037.70 1,842.30 85,071.89 105,094.00
12 12/1/96 2,880.00 1,015.71 1,864.29 83,207.59 102,214.00
13 1/1/97 2,880.00 993.45 1,886.55 81,321.04 99,334.00
14 2/1/97 2,880.00 970.92 1,909.08 79,411.97 96,454.00
15 3/1/97 2,880.00 948.13 1,931.87 77,480.10 93,574.00
16 4/1/97 2,880.00 925.07 1,954.93 75,525.17 90,694.00
17 5/1/97 2,880.00 901.73 1,978.27 73,546.89 87,814.00
18 6/1/97 2,880.00 878.11 2,001.89 71,545.00 84,934.00
19 7/1/97 2,880.00 854.20 2,025.80 69,519.20 82,054.00
20 8/1/97 2,880.00 830.02 2,049.98 67,469.22 79,174.00
21 9/1/97 2,880.00 805.54 2,074.46 65,394.76 76,294.00
22 10/1/97 2,880.00 780.77 2,099.23 63,295.54 73,414.00
23 11/1/97 2,880.00 755.71 2,124.29 61,171.25 70,534.00
24 12/1/97 2,880.00 730.35 2,149.65 59,021.60 67,654.00
25 1/1/98 2,880.00 704.68 2,175.32 56,846.28 64,774.00
26 2/1/98 2,880.00 678.71 2,201.29 54,644.99 61,894.00
27 3/1/98 2,880.00 652.43 2,227.57 52,417.42 59,014.00
28 4/1/98 2,880.00 625.83 2,254.17 50,163.25 56,134.00
29 5/1/98 2,880.00 598.92 2,281.08 47,882.17 53,254.00
30 6/1/98 2,880.00 571.68 2,308.32 45,573.86 50,374.00
31 7/1/98 2,880.00 544.12 2,335.88 43,237.98 47,494.00
32 8/1/98 2,880.00 516.24 2,363.76 40,874.22 44,614.00
33 9/1/98 2,880.00 488.01 2,391.99 38,482.23 41,734.00
34 10/1/98 2,880.00 459.45 2,420.55 36,061.69 38,854.00
35 11/1/98 2,880.00 430.56 2,449.44 33,612.24 35,974.00
36 12/1/98 2,880.00 401.31 2,478.69 31,133.55 33,094.00
37 1/1/99 2,880.00 371.72 2,508.28 28,625.27 30,214.00
38 2/1/99 2,880.00 341.77 2,538.23 26,087.04 27,334.00
39 3/1/99 2,880.00 311.46 2,568.54 23,518.50 24,454.00
40 4/1/99 2,880.00 280.80 2,599.20 20,919.30 21,574.00
41 5/1/99 2,880.00 249.76 2,630.24 18,289.06 18,694.00
42 6/1/99 2,880.00 218.36 2,661.64 15,627.42 15,814.00
43 7/1/99 15,814.00 186.58 15,627.42 0.00 -
104
Leasehold Management Services
Schedule 04 Monthly Interest Rate = 1.193%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ---- ---- --------- --------
138,474.53
1 $138,474.53 1/1/96 4,161.00 - 4,161.00 134,313.53 170,602.00
2 2/1/96 4,161.00 1,601.89 2,559.11 131,754.42 166,441.00
3 3/1/96 4,161.00 1,571.37 2,589.63 129,164.80 162,280.00
4 4/1/96 4,161.00 1,540.49 2,620.51 126,544.29 158,119.00
5 5/1/96 4,161.00 1,509.23 2,651.77 123,892.52 153,958.00
6 6/1/96 4,161.00 1,477.61 2,683.39 121,209.13 149,797.00
7 7/1/96 4,161.00 1,445.60 2,715.40 118,493.73 145,636.00
8 8/1/96 4,161.00 1,413.22 2,747.78 115,745.95 141,475.00
9 9/1/96 4,161.00 1,380.45 2,780.55 112,965.40 137,314.00
10 10/1/96 4,161.00 1,347.29 2,813.71 110,151.68 133,153.00
11 11/1/96 4,161.00 1,313.73 2,847.27 107,304.41 128,992.00
12 12/1/96 4,161.00 1,279.77 2,881.23 104,423.18 124,831.00
13 1/1/97 4,161.00 1,245.41 2,915.59 101,507.59 120,670.00
14 2/1/97 4,161.00 1,210.63 2,950.37 98,557.22 116,509.00
15 3/1/97 4,161.00 1,175.45 2,985.55 95,571.67 112,348.00
16 4/1/97 4,161.00 1,139.84 3,021.16 92,550.50 108,187.00
17 5/1/97 4,161.00 1,103.81 3,057.19 89,493.31 104,026.00
18 6/1/97 4,161.00 1,067.34 3,093.66 86,399.65 99,865.00
19 7/1/97 4,161.00 1,030.45 3,130.55 83,269.10 95,704.00
20 8/1/97 4,161.00 993.11 3,167.89 80,101.21 91,543.00
21 9/1/97 4,161.00 955.33 3,205.67 76,895.54 87,382.00
22 10/1/97 4,161.00 917.10 3,243.90 73,651.64 83,221.00
23 11/1/97 4,161.00 878.41 3,282.59 70,369.05 79,060.00
24 12/1/97 4,161.00 839.26 3,321.74 67,047.31 74,899.00
25 1/1/98 4,161.00 799.64 3,361.36 63,685.95 70,738.00
26 2/1/98 4,161.00 759.55 3,401.45 60,284.50 66,577.00
27 3/1/98 4,161.00 718.98 3,442.02 56,842.49 62,416.00
28 4/1/98 4,161.00 677.93 3,483.07 53,359.42 58,255.00
29 5/1/98 4,161.00 636.39 3,524.61 49,834.81 54,094.00
30 6/1/98 4,161.00 594.36 3,566.64 46,268.17 49,933.00
31 7/1/98 4,161.00 551.82 3,609.18 42,658.99 45,772.00
32 8/1/98 4,161.00 508.77 3,652.23 39,006.76 41,611.00
33 9/1/98 4,161.00 465.22 3,695.78 35,310.98 37,450.00
34 10/1/98 4,161.00 421.14 3,739.86 31,571.11 33,289.00
35 11/1/98 4,161.00 376.53 3,784.47 27,786.65 29,128.00
36 12/1/98 4,161.00 331.40 3,829.60 23,957.05 24,967.00
37 1/1/99 4,161.00 285.72 3,875.28 20,081.77 20,806.00
38 2/1/99 4,161.00 239.51 3,921.49 16,160.28 16,645.00
39 3/1/99 4,161.00 192.74 3,968.26 12,192.01 12,484.00
40 4/1/99 4,161.00 145.41 4,015.59 8,176.42 8,323.00
41 5/1/99 4,161.00 97.52 4,063.48 4,112.94 4,162.00
42 6/1/99 4,161.00 49.05 4,111.95 0.99 1.00
43 7/1/99 1.00 0.01 0.99 0.00
105
Leasehold Management Services
Schedule 05 Monthly Interest Rate = 1.195%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ---- ---- --------- --------
27,156.20
1 $27,156.20 3/1/96 742.00 - 742.00 26,414.20 34,495.00
2 4/1/96 742.00 315.61 426.39 25,987.81 33,753.00
3 5/1/96 742.00 310.51 431.49 25,556.32 33,011.00
4 6/1/96 742.00 305.36 436.64 25,119.68 32,269.00
5 7/1/96 742.00 300.14 441.86 24,677.82 31,527.00
6 8/1/96 742.00 294.86 447.14 24,230.68 30,785.00
7 9/1/96 742.00 289.52 452.48 23,778.20 30,043.00
8 10/1/96 742.00 284.11 457.89 23,320.32 29,301.00
9 11/1/96 742.00 278.64 463.36 22,856.96 28,559.00
10 12/1/96 742.00 273.11 468.89 22,388.06 27,817.00
11 1/1/97 742.00 267.50 474.50 21,913.57 27,075.00
12 2/1/97 742.00 261.83 480.17 21,433.40 26,333.00
13 3/1/97 742.00 256.10 485.90 20,947.49 25,591.00
14 4/1/97 742.00 250.29 491.71 20,455.78 24,849.00
15 5/1/97 742.00 244.41 497.59 19,958.20 24,107.00
16 6/1/97 742.00 238.47 503.53 19,454.67 23,365.00
17 7/1/97 742.00 232.45 509.55 18,945.12 22,623.00
18 8/1/97 742.00 226.36 515.64 18,429.49 21,881.00
19 9/1/97 742.00 220.20 521.80 17,907.69 21,139.00
20 10/1/97 742.00 213.97 528.03 17,379.66 20,397.00
21 11/1/97 742.00 207.66 534.34 16,845.32 19,655.00
22 12/1/97 742.00 201.28 540.72 16,304.60 18,913.00
23 1/1/98 742.00 194.81 547.19 15,757.41 18,171.00
24 2/1/98 742.00 188.28 553.72 15,203.69 17,429.00
25 3/1/98 742.00 181.66 560.34 14,643.35 16,687.00
26 4/1/98 742.00 174.97 567.03 14,076.31 15,945.00
27 5/1/98 742.00 168.19 573.81 13,502.50 15,203.00
28 6/1/98 742.00 161.33 580.67 12,921.84 14,461.00
29 7/1/98 742.00 154.40 587.60 12,334.23 13,719.00
30 8/1/98 742.00 147.37 594.63 11,739.61 12,977.00
31 9/1/98 742.00 140.27 601.73 11,137.88 12,235.00
32 10/1/98 742.00 133.08 608.92 10,528.96 11,493.00
33 11/1/98 742.00 125.80 616.20 9,912.76 10,751.00
34 12/1/98 742.00 118.44 623.56 9,289.20 10,009.00
35 1/1/99 742.00 110.99 631.01 8,658.20 9,267.00
36 2/1/99 742.00 103.45 638.55 8,019.65 8,525.00
37 3/1/99 742.00 95.82 646.18 7,373.47 7,783.00
38 4/1/99 742.00 88.10 653.90 6,719.57 7,041.00
39 5/1/99 742.00 80.29 661.71 6,057.86 6,299.00
40 6/1/99 742.00 72.38 669.62 5,388.24 5,557.00
41 7/1/99 742.00 64.38 677.62 4,710.62 4,815.00
42 8/1/99 742.00 56.28 685.72 4,024.91 4,073.00
43 9/1/99 4,073.00 48.09 4,024.91 0.00
106
Leasehold Management Services
Schedule 06 Monthly Interest Rate = 1.242%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- --------- ---- ---- --------- --------
84,264.82
1 $84,264.82 8/1/96 2,327.00 - 2,327.00 81,937.82 108,047.00
2 9/1/96 2,327.00 1,017.58 1,309.42 80,628.40 105,720.00
3 10/1/96 2,327.00 1,001.31 1,325.69 79,302.71 103,393.00
4 11/1/96 2,327.00 984.85 1,342.15 77,960.56 101,066.00
5 12/1/96 2,327.00 968.18 1,358.82 76,601.74 98,739.00
6 1/1/97 2,327.00 951.31 1,375.69 75,226.05 96,412.00
7 2/1/97 2,327.00 934.22 1,392.78 73,833.27 94,085.00
8 3/1/97 2,327.00 916.93 1,410.07 72,423.20 91,758.00
9 4/1/97 2,327.00 899.41 1,427.59 70,995.61 89,431.00
10 5/1/97 2,327.00 881.69 1,445.31 69,550.30 87,104.00
11 6/1/97 2,327.00 863.74 1,463.26 68,087.04 84,777.00
12 7/1/97 2,327.00 845.56 1,481.44 66,605.60 82,450.00
13 8/1/97 2,327.00 827.17 1,499.83 65,105.77 80,123.00
14 9/1/97 2,327.00 808.54 1,518.46 63,587.31 77,796.00
15 10/1/97 2,327.00 789.68 1,537.32 62,049.99 75,469.00
16 11/1/97 2,327.00 770.59 1,556.41 60,493.58 73,142.00
17 12/1/97 2,327.00 751.26 1,575.74 58,917.84 70,815.00
18 1/1/98 2,327.00 731.69 1,595.31 57,322.54 68,488.00
19 2/1/98 2,327.00 711.88 1,615.12 55,707.42 66,161.00
20 3/1/98 2,327.00 691.82 1,635.18 54,072.24 63,834.00
21 4/1/98 2,327.00 671.52 1,655.48 52,416.76 61,507.00
22 5/1/98 2,327.00 650.96 1,676.04 50,740.72 59,180.00
23 6/1/98 2,327.00 630.14 1,696.86 49,043.86 56,853.00
24 7/1/98 2,327.00 609.07 1,717.93 47,325.93 54,526.00
25 8/1/98 2,327.00 587.73 1,739.27 45,586.66 52,199.00
26 9/1/98 2,327.00 566.14 1,760.86 43,825.80 49,872.00
27 10/1/98 2,327.00 544.27 1,782.73 42,043.06 47,545.00
28 11/1/98 2,327.00 522.13 1,804.87 40,238.19 45,218.00
29 12/1/98 2,327.00 499.71 1,827.29 38,410.90 42,891.00
30 1/1/99 2,327.00 477.02 1,849.98 36,560.92 40,564.00
31 2/1/99 2,327.00 454.05 1,872.95 34,687.97 38,237.00
32 3/1/99 2,327.00 430.79 1,896.21 32,791.76 35,910.00
33 4/1/99 2,327.00 407.24 1,919.76 30,871.99 33,583.00
34 5/1/99 2,327.00 383.40 1,943.60 28,928.39 31,256.00
35 6/1/99 2,327.00 359.26 1,967.74 26,960.65 28,929.00
36 7/1/99 2,327.00 334.82 1,992.18 24,968.47 26,602.00
37 8/1/99 2,327.00 310.08 2,016.92 22,951.55 24,275.00
38 9/1/99 2,327.00 285.03 2,041.97 20,909.58 21,948.00
39 10/1/99 2,327.00 259.67 2,067.33 18,842.25 19,621.00
40 11/1/99 2,327.00 234.00 2,093.00 16,749.25 17,294.00
41 12/1/99 2,327.00 208.01 2,118.99 14,630.26 14,967.00
42 1/1/00 2,327.00 181.69 2,145.31 12,484.95 12,640.00
43 2/1/00 12,640.00 155.05 12,484.95 0.00
107
Leasehold Management Services
Schedule 07 Monthly Interest Rate = 1.238%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- --------- ---- ---- --------- --------
85,416.00
1 $85,416.00 10/1/96 2,357.00 - 2,357.00 83,059.00 109,449.00
2 11/1/96 2,357.00 1,028.68 1,328.32 81,730.68 107,092.00
3 12/1/96 2,357.00 1,012.23 1,344.77 80,385.91 104,735.00
4 1/1/97 2,357.00 995.58 1,361.42 79,024.49 102,378.00
5 2/1/97 2,357.00 978.72 1,378.28 77,646.21 100,021.00
6 3/1/97 2,357.00 961.65 1,395.35 76,250.85 97,664.00
7 4/1/97 2,357.00 944.36 1,412.64 74,838.21 95,307.00
8 5/1/97 2,357.00 926.87 1,430.13 73,408.08 92,950.00
9 6/1/97 2,357.00 909.16 1,447.84 71,960.24 90,593.00
10 7/1/97 2,357.00 891.22 1,465.78 70,494.46 88,236.00
11 8/1/97 2,357.00 873.07 1,483.93 69,010.53 85,879.00
12 9/1/97 2,357.00 854.69 1,502.31 67,508.23 83,522.00
13 10/1/97 2,357.00 836.09 1,520.91 65,987.31 81,165.00
14 11/1/97 2,357.00 817.25 1,539.75 64,447.56 78,808.00
15 12/1/97 2,357.00 798.18 1,558.82 62,888.75 76,451.00
16 1/1/98 2,357.00 778.87 1,578.13 61,310.62 74,094.00
17 2/1/98 2,357.00 759.33 1,597.67 59,712.95 71,737.00
18 3/1/98 2,357.00 739.54 1,617.46 58,095.49 69,380.00
19 4/1/98 2,357.00 719.51 1,637.49 56,458.00 67,023.00
20 5/1/98 2,357.00 699.23 1,657.77 54,800.23 64,666.00
21 6/1/98 2,357.00 678.70 1,678.30 53,121.93 62,309.00
22 7/1/98 2,357.00 657.91 1,699.09 51,422.84 59,952.00
23 8/1/98 2,357.00 636.87 1,720.13 49,702.71 57,595.00
24 9/1/98 2,357.00 615.57 1,741.43 47,961.28 55,238.00
25 10/1/98 2,357.00 594.00 1,763.00 46,198.28 52,881.00
26 11/1/98 2,357.00 572.16 1,784.84 44,413.44 50,524.00
27 12/1/98 2,357.00 550.06 1,806.94 42,606.50 48,167.00
28 1/1/99 2,357.00 527.68 1,829.32 40,777.18 45,810.00
29 2/1/99 2,357.00 505.02 1,851.98 38,925.21 43,453.00
30 3/1/99 2,357.00 482.09 1,874.91 37,050.29 41,096.00
31 4/1/99 2,357.00 458.87 1,898.13 35,152.16 38,739.00
32 5/1/99 2,357.00 435.36 1,921.64 33,230.52 36,382.00
33 6/1/99 2,357.00 411.56 1,945.44 31,285.08 34,025.00
34 7/1/99 2,357.00 387.46 1,969.54 29,315.54 31,668.00
35 8/1/99 2,357.00 363.07 1,993.93 27,321.61 29,311.00
36 9/1/99 2,357.00 338.38 2,018.62 25,302.99 26,954.00
37 10/1/99 2,357.00 313.38 2,043.62 23,259.37 24,597.00
38 11/1/99 2,357.00 288.07 2,068.93 21,190.43 22,240.00
39 12/1/99 2,357.00 262.44 2,094.56 19,095.87 19,883.00
40 1/1/00 2,357.00 236.50 2,120.50 16,975.38 17,526.00
41 2/1/00 2,357.00 210.24 2,146.76 14,828.62 15,169.00
42 3/1/00 2,357.00 183.65 2,173.35 12,655.27 12,812.00
43 4/1/00 12,812.00 156.73 12,655.27 0.00
108
Leasehold Management Services
Schedule 08 Monthly Interest Rate = 1.220%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ---- ---- --------- --------
48,249.85
1 $48,249.85 12/1/96 1,326.00 - 1,326.00 46,923.85 61,603.00
2 1/1/97 1,326.00 572.66 753.34 46,170.51 60,277.00
3 2/1/97 1,326.00 563.47 762.53 45,407.97 58,951.00
4 3/1/97 1,326.00 554.16 771.84 44,636.13 57,625.00
5 4/1/97 1,326.00 544.74 781.26 43,854.87 56,299.00
6 5/1/97 1,326.00 535.21 790.79 43,064.08 54,973.00
7 6/1/97 1,326.00 525.55 800.45 42,263.63 53,647.00
8 7/1/97 1,326.00 515.79 810.21 41,453.42 52,321.00
9 8/1/97 1,326.00 505.90 820.10 40,633.32 50,995.00
10 9/1/97 1,326.00 495.89 830.11 39,803.21 49,669.00
11 10/1/97 1,326.00 485.76 840.24 38,962.97 48,343.00
12 11/1/97 1,326.00 475.50 850.50 38,112.47 47,017.00
13 12/1/97 1,326.00 465.13 860.87 37,251.60 45,691.00
14 1/1/98 1,326.00 454.62 871.38 36,380.21 44,365.00
15 2/1/98 1,326.00 443.98 882.02 35,498.20 43,039.00
16 3/1/98 1,326.00 433.22 892.78 34,605.42 41,713.00
17 4/1/98 1,326.00 422.32 903.68 33,701.74 40,387.00
18 5/1/98 1,326.00 411.30 914.70 32,787.04 39,061.00
19 6/1/98 1,326.00 400.13 925.87 31,861.17 37,735.00
20 7/1/98 1,326.00 388.83 937.17 30,924.01 36,409.00
21 8/1/98 1,326.00 377.40 948.60 29,975.41 35,083.00
22 9/1/98 1,326.00 365.82 960.18 29,015.23 33,757.00
23 10/1/98 1,326.00 354.10 971.90 28,043.33 32,431.00
24 11/1/98 1,326.00 342.24 983.76 27,059.57 31,105.00
25 12/1/98 1,326.00 330.24 995.76 26,063.80 29,779.00
26 1/1/99 1,326.00 318.08 1,007.92 25,055.89 28,453.00
27 2/1/99 1,326.00 305.78 1,020.22 24,035.67 27,127.00
28 3/1/99 1,326.00 293.33 1,032.67 23,003.00 25,801.00
29 4/1/99 1,326.00 280.73 1,045.27 21,957.73 24,475.00
30 5/1/99 1,326.00 267.97 1,058.03 20,899.70 23,149.00
31 6/1/99 1,326.00 255.06 1,070.94 19,828.76 21,823.00
32 7/1/99 1,326.00 241.99 1,084.01 18,744.75 20,497.00
33 8/1/99 1,326.00 228.76 1,097.24 17,647.51 19,171.00
34 9/1/99 1,326.00 215.37 1,110.63 16,536.88 17,845.00
35 10/1/99 1,326.00 201.82 1,124.18 15,412.70 16,519.00
36 11/1/99 1,326.00 188.10 1,137.90 14,274.80 15,193.00
37 12/1/99 1,326.00 174.21 1,151.79 13,123.01 13,867.00
38 1/1/00 1,326.00 160.15 1,165.85 11,957.16 12,541.00
39 2/1/00 1,326.00 145.93 1,180.07 10,777.09 11,215.00
40 3/1/00 1,326.00 131.52 1,194.48 9,582.61 9889.00
41 4/1/00 1,326.00 116.95 1,209.05 8,373.56 8,563.00
42 5/1/00 1,326.00 102.19 1,223.81 7,149.75 7,237.00
43 6/1/00 7,237.00 87.26 7,149.74 0.00 -
109
Leasehold Management Services
Schedule 09 Monthly Interest Rate = 1.225%
Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING
PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS
--------- ---------- ---- ------- ---- ---- --------- --------
38,059.55
1 $38,059.55 3/1/97 1,047.00 - 1,047.00 37,012.55 48,636.00
2 4/1/97 1,047.00 453.36 593.64 36,418.91 47,589.00
3 5/1/97 1,047.00 446.08 600.92 35,817.99 46,542.00
4 6/1/97 1,047.00 438.72 608.28 35,209.72 45,495.00
5 7/1/97 1,047.00 431.27 615.73 34,593.99 44,448.00
6 8/1/97 1,047.00 423.73 623.27 33,970.72 43,401.00
7 9/1/97 1,047.00 416.10 630.90 33,339.82 42,354.00
8 10/1/97 1,047.00 408.37 638.63 32,701.19 41,307.00
9 11/1/97 1,047.00 400.55 646.45 32,054.74 40,260.00
10 12/1/97 1,047.00 392.63 654.37 31,400.37 39,213.00
11 1/1/98 1,047.00 384.61 662.39 30,737.98 38,166.00
12 2/1/98 1,047.00 376.50 670.50 30,067.48 37,119.00
13 3/1/98 1,047.00 368.29 678.71 29,388.77 36,072.00
14 4/1/98 1,047.00 359.97 687.03 28,701.74 35,025.00
15 5/1/98 1,047.00 351.56 695.44 28,006.30 33,978.00
16 6/1/98 1,047.00 343.04 703.96 27,302.34 32,931.00
17 7/1/98 1,047.00 334.42 712.58 26,589.76 31,884.00
18 8/1/98 1,047.00 325.69 721.31 25,868.45 30,837.00
19 9/1/98 1,047.00 316.86 730.14 25,138.31 29,790.00
20 10/1/98 1,047.00 307.91 739.09 24,399.22 28,743.00
21 11/1/98 1,047.00 298.86 748.14 23,651.08 27,696.00
22 12/1/98 1,047.00 289.70 757.30 22,893.78 26,649.00
23 1/1/99 1,047.00 280.42 766.58 22,127.20 25,602.00
24 2/1/99 1,047.00 271.03 775.97 21,351.22 24,555.00
25 3/1/99 1,047.00 261.53 785.47 20,565.75 23,508.00
26 4/1/99 1,047.00 251.90 795.10 19,770.65 22,461.00
27 5/1/99 1,047.00 242.17 804.83 18,965.82 21,414.00
28 6/1/99 1,047.00 232.31 814.69 18,151.13 20,367.00
29 7/1/99 1,047.00 222.33 824.67 17,326.45 19,320.00
30 8/1/99 1,047.00 212.23 834.77 16,491.68 18,273.00
31 9/1/99 1,047.00 202.00 845.00 15,646.68 17,226.00
32 10/1/99 1,047.00 191.65 855.35 14,791.33 16,179.00
33 11/1/99 1,047.00 181.17 865.83 13,925.51 15,132.00
34 12/1/99 1,047.00 170.57 876.43 13,049.08 14,085.00
35 1/1/00 1,047.00 159.83 887.17 12,161.91 13,038.00
36 2/1/00 1,047.00 148.97 898.03 11,263.88 11,991.00
37 3/1/00 1,047.00 137.97 909.03 10,354.85 10,944.00
38 4/1/00 1,047.00 126.83 920.17 9,434.68 9,897.00
39 5/1/00 1,047.00 115.56 931.44 8,503.25 8,850.00
40 6/1/00 1,047.00 104.15 942.85 7,560.40 7,803.00
41 7/1/00 1,047.00 92.61 954.39 6,606.00 6,756.00
42 8/1/00 1,047.00 80.92 966.08 5,639.92 5,709.00
43 9/1/00 5,709.00 69.08 5,639.92 0.00
