TLD FUNDING GROUP
A DIVISION OF CEE & GEE FUNDING, INC.
0000 X XXXXXXX, XXXXX 000
XXXXXXX, XXXXXXX 00000
(000) 000-0000
(000) 000-0000 FAX
FINANCE AGREEMENT
This agreement entered into on March 19, 1999 by XXXXX, Incorporated and
Advanced Technology Services, Inc. as "company" and TLD Funding Group as
"funder".
WITNESSETH
The funder agrees to provide the company financing for the purchases of
equipment for resale. The funder will advance, directly to the seller of
equipment, the net invoice amount upon presentation of the invoice. The invoice
must be signed by the supplier of the product and a pre-approved representative
of the company. The company will invoice the purchaser of the equipment in a
timely manner and designate the remittance of the funds to the funder. The
funder upon receipt of payment from the purchaser will withhold the equipment
cost, appropriate fees, and remit the remainder to the company in a timely
manner.
TERMS AND CONDITIONS
1. Maximum Credit Available $1,000,000.00
2. Advance Rate: One hundred percent (100%) of equipment
requirements, as submitted by company to
funder.
3. Term: 12 Months
4. Fees: RISK FEE of five percent (5%) per
advance will be charged at time of
payment of invoice by purchaser of
product.
INTEREST FEE'S will be charged at the
following rate:
1 - 30 DAYS one percent (1%) of
advanced amount
GREATER THAN 31 DAYS two percent
(2%) of advanced Amount.
MANAGEMENT FEE of two percent (2%) will
be charged for each invoice funded at
time of receipt of payment from
purchaser of equipment.
Company: XXXXX, Incorporated and
Advanced Technology Services, Inc. Funder: TLD Funding Group
/s/ Xxx X. Xxxxxxx, Xx. /s/ Xxxx Xxxxxxx
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Xxx X. Xxxxxxx, Xx. Xxxx Xxxxxxx
