EXHIBIT 10.16
LOAN AND SECURITY AGREEMENT
THIS AGREEMENT (the "Agreement"), dated as of August 31, 1995, is entered
into by and between Corsair Communications, Inc. a Delaware corporation having a
principal place of business at 0000 Xxxxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxx 00000
(the "Borrower") and Comdisco, Inc., a Delaware corporation having a principal
place of business at 0000 Xxxxx Xxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000 (the
"Lender"). In consideration of the mutual agreements contained herein, the
parties hereto agree as follows:
WHEREAS, Borrower desires to borrow from the Lender hereunder the amount of
$1,000,000.00 and Lender is willing to lend said amount to Borrower on August
31, 1995 (the "Funding Date");
NOW, THEREFORE, it is agreed:
SECTION 1. THE LOAN
1.1 Subject to the terms and conditions set forth herein, Lender shall
lend to Borrower the aggregate original principal amount of $1,000,000.00 (the
"Loan") with interest at the rate of nine percent (9%) per annum (the "Note" )
in the form attached hereto and made a part hereof as Exhibit A, dated August
31, 1995 and payable by Borrower to the Lender in monthly installments as set
forth in the amortization schedule attached to such Note.
1.2 Upon the occurrence of and during an Event of Default (as defined
herein) interest shall thereafter be calculated at a rate 3% (three percent) in
excess of the rate that would otherwise be applicable. All such interest shall
be due and payable in arrears, on the first day of the following month.
1.3 Notwithstanding any provision in this Agreement, the Note, or any
other "Loan Document" (as defined herein), it is not the parties' intent to
contract for, charge or receive interest at a rate that is greater than the
maximum rate permissible by law which a court of competent jurisdiction shall
deem applicable hereto (which under the laws of the State of Illinois shall be
deemed to be the laws relating to permissible rates of interest on commercial
loans) (the "Maximum Rate"). If the Borrower actually pays Lender an amount of
interest, chargeable on the total aggregate principal Obligations of Borrower
under this Agreement and the Note (as said rate is calculated over a period of
time that is the longer of (i) the time from the date of this Agreement through
the maturity time as set forth on the Note, or (ii) the entire period of time
that any principal is outstanding on the Note), which amount of interest exceeds
interest calculated at the Maximum Rate on said principal chargeable over said
period of time, then such excess interest actually paid by Borrower shall be
applied first, to the payment of principal outstanding on the Note; second,
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after all principal is repaid, to the payment of Lender's out of pocket costs,
expenses, and professional fees which are owed by Borrower to Lender under the
Agreement or the Loan Documents; and third, after all principal, costs,
expenses, and professional fees owed by Borrower to Lender are repaid, the
excess (if any) shall be refunded to Borrower.
1.4 In the event any interest is not paid when due hereunder, delinquent
interest shall be added to principal and shall bear interest on interest,
compounded at the rate set forth in section 1.1.
1.5 Upon and during the continuation of an Event of Default hereunder (as
defined herein), all Obligations, including principal, interest, compounded
interest, and reasonable professional fees, shall bear interest at a rate per
annum equal to the rate set forth in section 1.1 hereof, plus three percent (3%)
per annum.
1.6 Borrower shall have the option to prepay the outstanding principal of
the Note, in whole or in part, at any time after the date hereof by paying the
principal amount being prepaid together with all accrued and unpaid interest
with respect to such principal amount, as of the date of such prepayment.
SECTION 2. SECURITY INTEREST
As security for the payment of all indebtedness ("Indebtedness") of
the Borrower to the Lender hereunder and under the Note, as the same may be
renewed, extended for any period or rearranged, and the performance by the
Borrower of its other obligations hereunder (the Indebtedness and such other
obligations being hereinafter sometimes collectively referred to as the
"Obligations"), the Borrower hereby assigns to the Lender, and grants to the
Lender a first priority security interest in, all the Borrower's right, title,
and interest in and to the following property ("Collateral"): (i) the equipment
and other property (the "Equipment") described in Exhibit B attached hereto; and
(ii) all proceeds, products, replacements, additions to, substitutions for and
accessions to any and all Equipment including, without limitation, the proceeds
applicable to the insurance referred to in Section 4 hereof.
SECTION 3. REPRESENTATIONS AND WARRANTIES OF BORROWER
The Borrower represents, warrants and agrees that;
3.1 it has good title in and to the Equipment, free of all liens, security
interests, encumbrances and claims whatsoever, except for the interest of the
Lender therein;
3.2 it has the full power and authority to, and does hereby grant and
convey to the Lender, a valid first priority security interest in the Equipment
as security for the Obligations, free of all liens, security interests,
encumbrances and claims, and shall execute such Uniform Commercial Code ("UCC")
financing statements in connection herewith as the Lender may reasonably
request. No other lien, security interest, adverse claim or encumbrance has
been created by Borrower or is known by Borrower to exist with respect to any
Collateral;
3.3 it is a corporation duly organized, legally existing and in good
standing under the laws of the State of California, and is duly qualified as a
foreign corporation in all jurisdictions where the failure to so qualify would
have a material adverse effect on the collateral or the business of the Borrower
taken as a whole;
3.4 the execution, delivery and performance of the Note, this Agreement,
the Warrant Agreement dated August 31, 1995 pursuant to which Borrower granted
to Lender the right to purchase the number of shares o preferred stock as set
forth therein ("Warrant Agreement"), and all financing statements, certificates
and other documents required to be delivered or executed in connection herewith
(collectively the "Loan Documents") have been duly authorized by all necessary
corporate action of Borrower, the individual or individuals executing the
Documents were duly authorized to do so, the Equipment is personal property and
as used by the Borrower will not be or become fixtures under applicable law, and
the Loan Documents constitute legal, valid and binding obligations of the
Borrower, enforceable in accordance with their respective terms, subject to
applicable bankruptcy, insolvency, reorganization or other similar laws
generally affecting the enforcement of the rights of creditors;
3.5 it shall only relocate any item of the Equipment provided that: (a) it
shall have caused to be filed and/or delivered to the Lender all UCC financing
statements, certificates or other documents or instruments necessary to continue
in effect the first prior perfected security interest of the Lender in the
Collateral, and (b) it shall have given the Lender no less than fifteen (15)
days prior written notice of such relocation;
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3.6 the Loan Documents do not and will not violate any provisions of its
certificate of incorporation, bylaws or any contract, agreement, law,
regulation, order, injunction, judgment, decree or writ to which the Borrower is
subject, or result in the creation or imposition of any lien, security interest
or other encumbrance upon the Collateral, other than those created by this
Agreement;
3.7 the execution, delivery and performance of the Loan Documents do not
require the consent or approval of any other person or entity including, without
limitation, any regulatory authority or governmental body of the United States
or any state thereof or any political subdivision of the United States or any
state thereof.
SECTION 4. INSURANCE AND RISK OF LOSS
4.1 Risk of loss of, damage to or destruction of the Equipment shall be
borne by the Borrower and effective upon the Funding Date under the Note and
until the payment and performance in full of all Obligations, Borrower shall at
its own expense cause to be carried and maintained all risk casualty insurance
(covering risk of fire, theft and other such risks as the Lender may require,
including standard and extended coverage) with respect to each item of Equipment
in an amount no less than the "Casualty Value" applicable to such item of
Equipment during the term of this Agreement as set forth in the Casualty Value
Table attached hereto and made a part hereof as Exhibit C. All policies
evidencing such casualty insurance shall contain a standard mortgagee's
endorsement providing for payment of any loss to the Lender and shall provide
for at least thirty (30) days prior written notice by the underwriter or
insurance company to the Lender in the event of cancellation or expiration.
Borrower shall provide Lender with insurance certificates evidencing the
foregoing at time of closing.
4.2 If any item of Equipment is lost or rendered unusable as a result of
any physical damage to or destruction of such item of Equipment, Borrower shall
give to Lender prompt notice thereof. Borrower shall determine, within fifteen
(15) days after the date of occurrence of such loss, damage or destruction,
whether such item of Equipment can be repaired and restored to the condition in
which such item of Equipment was required to be maintained as of the date
immediately preceding such damage. If Borrower determines that such item of
Equipment can be repaired, Borrower, at its expense, shall cause such item of
Equipment to be promptly repaired. If Borrower determines that such item of
Equipment is lost or cannot be repaired, Borrower shall promptly notify the
Lender and such item of Equipment shall be deemed to have suffered a "Casualty
Loss" for purposes of this Section as of the date of the occurrence of such
loss. Within fifteen (15) days following the occurrence of any such loss,
damage or destruction, Borrower shall notify the Lender of the item(s) of
Equipment which has suffered such Casualty Loss ("Loss Item"), and within thirty
(30) days thereafter (the "Settlement Date"), Borrower shall either (a) replace
such item(s) of Equipment with equipment of the same model, type and feature
configuration, in an operating condition and repair no less than that required
hereunder of the damaged or lost equipment immediately prior to the date of such
damage or loss, and having a fair market value no less than the Casualty Value
applicable to such equipment as of the date immediately prior to such damage, in
which case such replacement equipment shall for all purposes hereunder become
part of the Collateral and (without limiting the preceding provisions) Borrower
shall grant to Lender a first lien and security interest in respect of such
replacement Equipment pursuant to the terms of this Agreement and Borrower shall
provide the Lender evidence satisfactory to the Lender of Borrower's good and
marketable title to such replacement Equipment (free of any liens, security
interests or encumbrances other than those created by this Agreement; and
Borrower shall be entitled to receive the amount of any insurance or other
recovery received
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by Lender up to cost of obtaining the replacement equipment; or (b) pay the
Lender the insurance proceeds payable pursuant to such insurance policies
("Insurance Proceeds") with respect to such Loss Items and the principal amount
of the Note (and interest accrued on the principal amount so prepayable) shall
become due and payable on the Settlement Date to the extent of the Casualty
Value for all such Loss Items. Monies so received shall be applied, on the date
of such receipt, as follows: first, to pay any accrued interest on the
outstanding principal amount of the Note on such date; second, to prepay, the
outstanding principal amount of the Note (to the extent of the fair market value
attributable to such Loss Items); third, to pay any other Indebtedness of
amounts then due and owing to the Lender hereunder; and fourth, so long as there
has occurred no Event of Default under Section 8 hereof and no event which with
the giving of notice or passage of time or both would constitute an Event of
Default, has occurred and is continuing, Borrower and Lender hereby agree that
the balance of any such Insurance Proceeds shall be paid promptly to the
Borrower.
On any date of partial prepayment of any Note, the Lender shall submit to
the Borrower a new schedule of principal and interest payment to provide for the
complete amortization of the remaining principal and interest payable on the
Note on the original maturity date of the Note.
4.3 Effective upon the Funding Date under the Note and while there are any
Obligations outstanding, Borrower shall cause to be carried and maintained
comprehensive general liability insurance with regard to each item of Equipment
against risks customarily insured against in the Borrower's business. Such
risks shall include, without limitation, the risks of death, bodily injury and
property damage associated with the Equipment. All policies evidencing such
insurance shall provide for at least thirty (30) days prior written notice by
the underwriter or insurance company to the Lender in the event of cancellation
or expiration.
4.4 Borrower shall and does hereby indemnify and hold Lender, its agents
and shareholders harmless from and against any and all claims, costs, expenses,
damages and liabilities (including without limitation such claims, costs,
expenses, damages and liabilities based on liability in tort including without
limitation strict liability in tort) including reasonable attorneys' fees,
arising out of Borrower's ownership, possession, operation, control, use,
maintenance, delivery, or other disposition of the Equipment. Notwithstanding
the foregoing, Borrower shall not be responsible under the terms of this Section
4.4 to a party indemnified hereunder for any claims, costs, expenses, damages
and liabilities occasioned by the negligence or willful misconduct of such
indemnified party.
SECTION 5. COVENANTS OF BORROWER
Borrower covenants and agrees as follows at all times while any of the
Obligations remain outstanding:
5.1 Borrower shall maintain the Equipment in good operating order, repair,
condition and appearance and protect the Equipment from deterioration, other
than normal wear and tear. Borrower shall not use each of the Equipment or
permit its use for any purpose other than for which it was designed. Borrower's
obligation regarding the maintenance of the Equipment shall include, without
limitation, all maintenance, repair, refurbishment and replacement recommended
or advised either by the manufacturer, or that commonly performed by prudent
business and/or professional practice. Any exceptions or qualifications
expressed in this Agreement relating to normal or ordinary wear and tear shall
not be deemed to limit Borrower's obligations pursuant to the preceding
sentence.
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5.2 In the event Borrower adds or installs any Upgrade (as hereinafter
defined) on the Equipment, at the request of Lender, Borrower shall, upon the
occurrence of an Event of Default, remove any such Upgrade and restore the
Equipment to the condition in which such Equipment is required to be maintained
hereunder as if such Upgrade had never been attached thereto. Borrower will
not, without the prior written consent of Lender and subject to such conditions
as Lender may impose for its protection, affix the Equipment to any real
property if, as a result thereof, the Equipment could become a fixture under
applicable law.
For purposes hereof and all documents relating hereto, the term "Upgrade"
shall mean: (i) any accessory, equipment or device manufactured or sold by the
manufacturer of the Equipment for installation on the Equipment and installed in
compliance with said manufacturer's installation procedures (other than those
added by the manufacturer in order to maintain the Equipment at current
engineering levels), or (ii) any other accessory, equipment or device installed
on the Equipment so long as such item does not impair the original function or
use of the Equipment, capable of being removed without causing material damage
to the Equipment and does not decrease the fair market value of the Equipment.
An Upgrade shall not become an accession to the Equipment. For purposes hereof
and of all documents relating hereto, the term "Equipment" shall not be deemed
to include any such Upgrade.
5.3 Upon the request of Lender, Borrower shall, during business hours,
make the Equipment available to Lender for inspection at the place where it is
normally located and shall make Borrower's log and maintenance records
pertaining to the Equipment available to Lender for inspection. Borrower shall
take all action necessary to maintain such logs and maintenance records in a
correct and complete fashion.
5.4 Upon the request of Lender, Borrower shall cause the Equipment to be
plainly, permanently and conspicuously marked, by stenciling or by metal tag or
plate affixed thereto, indicating Lender's security interest in the Equipment.
Borrower shall replace any such stenciling, tag or plate which may be removed or
destroyed or become illegible. Borrower shall keep all Equipment free from any
marking or labeling which might be interpreted as a claim of ownership adverse
to Borrower's
5.5 Borrower covenants and agrees to pay when due, all taxes, fees or
other charges of any nature whatsoever (together with any related interest or
penalties) now or hereafter imposed or assessed against Borrower, Lender or the
Equipment or upon Borrower's ownership, possession, use, operation or
disposition thereof or upon Borrower's rents, receipts or earnings arising
therefrom. Borrower shall file on or before the due date therefor all personal
property tax returns in respect of the Equipment.
5.6 Borrower shall furnish to Lender the financial statements listed
hereinafter, prepared in accordance with generally accepted accounting
principles consistently applied (the "Financial Statements"):
(a) as soon as practicable (and in any event within thirty (30) days) after
the end of each month, an internally prepared income statement, balance sheet,
and cash flow statement, provided, however, such cash flow statement shall not
be required to be prepared in accordance with generally accepted accounting
principles consistently applied, and
(b) as soon as practicable (and in any event within ninety (90) days) after
the end of each fiscal year, audited Financial Statements, setting forth in
comparative form the corresponding figures for the preceding fiscal year, and
accompanied by any audit report and opinion of the independent certified public
accountants selected by Borrower; and
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(c) promptly any additional information (including but not limited to tax
returns, income statements, balance sheets, and names of principal creditors) as
Lender reasonably believes necessary to evaluate Borrower's continuing ability
to meet financial obligations.
5.7 Notwithstanding the foregoing, after the effective date of the initial
registration statement covering a public offering of Borrower's securities, the
term "Financial Statements" shall be deemed to refer to only those statements
required by the Securities and Exchange Commission, to be provided no less
frequently than quarterly. Borrower will from time to time execute, deliver and
file, alone or with Lender, any financing statements, security agreements or
other documents; and take all further action that may be necessary, or that
Lender may reasonably request, to confirm, perfect, preserve and protect the
security interests intended to be granted hereby, and in addition, and for such
purposes only, Borrower hereby authorizes Lender to execute and deliver on
behalf of Borrower and to file such financing statements, security agreement and
other documents without the signature of Borrower either in Lender's name or in
the name of Borrower as agent and attorney-in-fact for Borrower.
5.8 Borrower shall protect and defend Borrower's title as well as the
interest of the Lender against all persons claiming any interest adverse to
Borrower or Lender and shall at all times keep the Equipment free and clear from
any attachment or levy, liens or encumbrances whatsoever (except any placed
thereon by Lender, or any liens arising by operation of law with respect to any
obligations not yet overdue or any other liens consented to in writing by
Lender) and shall give Lender immediate written notice thereof.
5.9 Upon the occurrence of an Event of Default, if Lender seeks to
foreclose on the Equipment, Borrower shall be liable for the full expense of
transportation and in-transit insurance to Lender's premises or, in the event
that Lender has immediately available warehouse space in the San Francisco bay
area, Borrower's liability for expense of transportation of the Equipment shall
be limited to the costs of transportation to such warehouse space. Borrower
will arrange for the deinstallation and audit of the Equipment, and will pack,
ship and send the Equipment to Lender in good operating order, repair, condition
and appearance, and in a condition required pursuant to subsection 5.1 hereof.
SECTION 6. CONDITIONS PRECEDENT TO LOAN
On or prior to the Funding Date, Borrower will provide to Lender the
following, in form and substance satisfactory to Lender:
6.1 Such documentation, including without limitation, a Xxxx of Sale, and
other documents as shall reasonably evidence Borrower's right, title and
interest in and to the Equipment;
6.2 A certified resolution or other certificate of corporate authority for
the execution and the delivery of, and the performance of all Obligations under
the Loan Documents and all related documentation;
6.3 Incumbency certificate evidencing the authority and facsimile
signatures of the individuals executing the Documents;
6.4 UCC financing statements as deemed appropriate by Lender to perfect
its security interest in the Equipment.
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6.5 Certified copies of the certificate of incorporation of Borrower;
6.6 Certificate of good standing for Borrower from its state of
incorporation and similar certificates from all jurisdictions in which it does
business and where the failure to be qualified would have a material adverse
effect on Borrower's business; and
6.7 Insurance certificates as required by Section 4 hereof.
SECTION 7. ASSIGNMENT BY LENDER
7.1 Borrower acknowledges and understands that Lender may sell and assign
all or a part of its interest hereunder and under the Note to any person or
entity (an "Assignee"). After such assignment the term Lender shall mean such
Assignee, and such Assignee shall be vested with all rights, powers and remedies
of Lender hereunder with respect to the interest so assigned; but with respect
to any such interest not so transferred, the Lender shall retain all rights,
powers and remedies hereby given. No such assignment by Lender shall relieve
Borrower of any of its obligations hereunder. Borrower shall acknowledge such
assignment or assignments as shall be designated by written notice given by
Lender to Borrower.
SECTION 8. DEFAULT
The occurrence of any one or more of the following events (herein called
"Events of Default") shall constitute a default hereunder and under the Note:
8.1 The Borrower defaults in the payment of any principal or interest
payable under the Note for more than five (5) days after the receipt of notice
of such an Event of Default from Lender;
8.2 The Borrower defaults in the payment or performance of any other
covenant or obligation of the Borrower hereunder or under the Note or any other
Loan Documents for more than thirty (30) days after the Lender has given notice
of such default to the Borrower;
8.3 Any representation or warranty made herein by the Borrower shall prove
to have been false or misleading in any material respect;
8.4 The making of an assignment by Borrower for the benefit of its
creditors or the admission by Borrower in writing of its inability to pay its
debts as they become due, or the insolvency of Borrower, or the filing by
Borrower of a voluntary petition in bankruptcy, or the adjudication of Borrower
as a bankrupt, or the filing by Borrower of any petition or answer seeking for
itself any reorganization, arrangement, composition, readjustment, liquidation,
dissolution, or similar relief under any present or future statute, law or
regulation, or the filing of any answer by Borrower admitting, or the failure by
Borrower to deny, the material allegations of a petition filed against it for
any such relief, or the seeking or consenting by Borrower to, or acquiescence by
Borrower in, the appointment of any trustee, receiver or liquidator of Borrower
or of all or any substantial part of the properties of Borrower, or the
inability of Borrower to pay its debts when due, or the commission by Borrower
of any act of bankruptcy as defined in the Federal Bankruptcy Act, as amended;
8.5 The failure by Borrower, within sixty (60) days after the commencement
of any proceeding against Borrower seeking any reorganization, arrangement,
composition, readjustment, liquidation, dissolution or similar relief under any
present or future statute, law or regulation, to obtain the dismissal of such
proceeding or, within sixty (60) days after the appointment, without the written
consent or acquiescence of Lender, of any
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trustee, receiver or liquidator of Borrower or of all or any substantial part of
the properties of Borrower, to vacate such appointment; or
SECTION 9. REMEDIES
Upon the occurrence of any one or more Events of Default, Lender, at its
option, may declare the Note to be accelerated and due and payable, whereupon
the unpaid principal of and accrued interest on such Note shall become
immediately due and payable, and the Lender may exercise all rights and remedies
with respect to the Collateral granted pursuant hereto for such Note, or
otherwise available to it under applicable law, including the right to release,
hold or otherwise dispose of all or any part of the Collateral.
Upon the happening and during the continuance of any Event of Default,
Lender may then, or at any time thereafter and from time to time, apply,
collect, sell in one or more sales, lease or otherwise dispose of, any or all of
the Collateral, in its then condition or following any commercially reasonably
preparation or processing, in such order as Lender may elect, and any such sale
may be made either at public or private sale at its place of business or
elsewhere. Lender may require Borrower to assemble the Collateral and make it
available to Lender at a place designated by Lender which is reasonably
convenient to Lender and Borrower. The proceeds of any sale, disposition or
other realization upon all or any part of the Collateral shall be distributed by
Lender in the following order of priorities:
First, to Lender in an amount sufficient to pay in full Lender's reasonable
costs and professionals' and advisors' fees and expenses;
Second, to Lender in an amount equal to the then unpaid amount of the
Obligations in such order and priority as Lender may choose in its sole
discretion; and
Finally, upon payment in full of all of the Obligations, to Borrower or its
representatives or as a court of competent jurisdiction may direct.
The Lender shall return to the Borrower any surplus Collateral remaining after
payment of all Obligations.
SECTION 10. MISCELLANEOUS
10.1 Borrower shall remain liable to lender for any unpaid Obligations,
advances, costs, charges and expenses, together with interest thereon and shall
pay the same immediately to Lender at Lender's offices.
10.2 The powers conferred upon Lender by this Agreement are solely to
protect its interest in the Collateral and shall not impose any duty upon Lender
to exercise any such powers.
10.3 This is a continuing Agreement and the grant of a security interest
hereunder shall remain in full force and effect and all the rights, powers and
remedies of Lender hereunder shall continue to exist until the Obligations are
paid in full as the same become due and payable. When Borrower has paid in full
all Obligations, Lender will execute a written termination statement,
reassigning to Borrower, without recourse, the Collateral and all rights
conveyed hereby and return possession (if Lender has possession) of the
Collateral to Borrower. The rights, powers and remedies of Lender hereunder
shall be in addition to all rights, powers and remedies given by statute or rule
of law and are cumulative. The exercise of any one or more of the rights,
powers and remedies provided herein shall not be construed as a waiver of any
other rights, powers and remedies of Lender. Furthermore, regardless of whether
or not the Ucc is in effect in the jurisdiction where such rights,
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powers and remedies are asserted, Lender shall have the rights, powers and
remedies of a secured party under the UCC.
10.4 Upon payment in full of all Obligations, the Lender shall cancel the
Note, this Agreement and all UCC financing statements, if any, and shall
promptly deliver all such canceled documents to the Borrower.
10.5 GOVERNING LAW. This Agreement and the other Loan Documents have been
negotiated and delivered to Lender in the State of Illinois and shall not become
effective until accepted by Lender in the State of Illinois. Payment to Lender
by Borrower of the Obligations is due in the State of Illinois. This Agreement
shall be governed by, and construed and enforced in accordance with the laws of
the State of Illinois, excluding conflict of laws principles that would cause
the application of laws of any other jurisdiction.
10.6 CONSENT TO JURISDICTION AND VENUE. All judicial proceedings arising in
or under or related to this Agreement, the Note or any of the other Loan
Documents may be brought in any state or federal court of competent jurisdiction
located in the State of Illinois. By execution and delivery of this Agreement,
each party hereto generally and unconditionally: (a) consents to personal
jurisdiction in Xxxx County, State of Illinois; (b) waives any objection as to
jurisdiction or venue in the aforesaid courts; and (d) irrevocably agrees to be
bound by any judgment rendered thereby in connection with this Agreement, the
Note an the other Loan Documents. Service of process on any party hereto in any
action arising out of or relating to this agreement shall be effective if given
in accordance with the requirements for notice set forth in subsection 10.8
below and shall be deemed effective and received as set forth in subsection 10.8
below. Nothing herein shall affect the right to serve process in any other
manner permitted by law or shall limit the right of either party to bring
proceedings in the courts of any other jurisdiction.
10.7 Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement shall be prohibited by or invalid under
such law, such provision shall be ineffective only to the extent and duration of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.
10.8 Any notice required or given hereunder shall be deemed properly given
upon the earlier of: (i) the first business day after transmission by facsimile
or hand delivery or deposit with an overnight express service or overnight mail
delivery service; or (ii) three (3) days after mailed, postage prepaid, in each
case, addressed to the designated recipient at its address set forth herein or
such other address as such party may advise the other party by notice given in
accordance with this provision.
10.9 Lender and Borrower acknowledge that there are no agreements or
understandings, written or oral, between Lender and Borrower with respect to the
Loan, other than as set forth herein, in the Note and the other Loan Documents
and that this Agreement, the Note and the other Loan Documents contain the
entire agreement between Lender and Borrower with respect thereto. None of the
terms of this Agreement, the Note or the other Loan Documents may be amended
except by an instrument executed by each of the parties hereto.
10.10 No omission, or delay, by Lender at any time to enforce any right or
remedy reserved to it, or to require performance of any of the terms, covenants
or provisions hereof by Borrower at any time designated, shall be a waiver of
any such right or remedy to which Lender is entitled, nor shall it in any way
affect the right of Lender to enforce such provisions thereafter.
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10.11 All agreements, representations and warranties contained in this
Agreement or the Note, or in any Loan Documents delivered pursuant hereto or in
connection herewith shall be for the benefit of Lender and any Assignee and
shall survive the execution and delivery of this Agreement or the Note and the
expiration or other termination of this Agreement or the Note.
10.12 This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument.
10.13 This Agreement shall be binding upon, and shall inure to the benefit
of, Borrower and its permitted assigns (if any). Borrower shall not assign its
Obligations under this Agreement, the Note or any of the other Loan Documents
without Lender's express written consent and any such attempted assignment shall
be void and of no effect. Any assignment by Borrower in connection with a
"Merger" (as defined below) shall be subject to Lender's prior consent (which
shall not be unreasonably withheld or delayed), provided such surviving entity
or transferee: (i) assumes Borrower's Obligations hereunder pursuant to
assignment documents reasonably acceptable to Lender; (ii) such entity or
transferee has a net worth equal to or greater than ten (10) times the
outstanding principal and accrued and unpaid interest and (iii) such entity or
transferee has a net worth of at least $5,000,000. If Lender reasonably
withholds its consent to such assignment in connection with a Merger, the
outstanding principal and accrued and unpaid interest shall be prepaid in whole.
Lender may assign, transfer or endorse its rights hereunder, under the Note
and under the other Loan Documents without prior notice to Borrower, and all of
such rights shall inure to the benefit of Lender's successors and assigns. The
Lender agrees that, in the event of any transfer by it of any of the Note, it
will endorse thereon a notation as to the portion of the principal of the Note
which shall have been paid at the time of such transfer and as to the date to
which interest shall have been last paid thereon.
For purposes of this Agreement, a "Merger" shall mean any consolidation or
merger of the Borrower with or into any other corporation or entity, any sale or
conveyance of an or substantially all of the assets or stock of the Borrower by
or to any other person or entity in which Borrower is not the surviving entity.
IN WITNESS WHEREOF, the Borrower and the Lender have duly executed and
delivered this Agreement as of the day and year first above written.
BORROWER: CORSAIR COMMUNICATION, INC.
By: /s/ Xxxx X. Xxxxx
--------------------
Title: Vice President
-----------------
Date: 8/31/95
------------------
ACCEPTED IN ROSEMONT, ILLINOIS
LENDER: COMDISCO, INC
By: /s/ Xxxxx Xxxx
-----------------
Title: illegible
------------
Date: 9/5/95
---------------
10
EXHIBIT A
SECURED PROMISSORY NOTE
$l,000,000.00 Date: August 31, 1995
Due: March 1, 1999
For value received, Corsair Communications, Inc., (the "Borrower") promises
to pay to the order of Comdisco, Inc. (the "Lender") at X.X. Xxx 00000, Xxxxxxx,
XX 00000 (or such other address as the Lender shall designate to Borrower) the
principal amount of $1,000,000.00 together with interest at the rate of 9% per
annum, from the due date of this Note to maturity of each installment on the
principal hereof remaining from time to time unpaid, such principal and interest
to be paid in 48 equal monthly installments of $27,637.24 each, commencing
September 1, 1995 and on the same day of each month thereafter to and including
February 1, 1999 and a last installment of $150,000.00 to be paid on March 1,
1999, such installments to be applied first to accrued and unpaid interest and
the balance to unpaid principal. Interest shall be computed on the basis of a
year consisting of twelve months of thirty days each at a rate of nine percent
(9%) per annum.
The Borrower expressly waives demand and presentment for payment, notice of
protest, dishonor, and any other notice as permitted under the UCC or any
applicable law.
This Note is the Note referred to in, and is executed and delivered in
connection with, that certain Loan and Security Agreement dated August 31, 1995
between the Borrower and the Lender, (as the same may from time to time be
amended, modified or supplemented in accordance with its terms, the "Loan
Agreement") and is entitled to the benefit and security of the Loan Agreement
and the other Loan Documents (as defined in the Loan Agreement), to which
reference is made for a statement of all of the terms and conditions thereof.
All terms defined in the Loan Agreement shall have the same definitions when
used herein, unless otherwise defined herein. The Borrower may prepay this
Note, in whole or in part, at any time but only in accordance with the
provisions of the Loan Agreement.
This Note has been negotiated and delivered to Lender and is payable in the
State of Illinois, and shall not become effective until accepted by Lender in
the State of Illinois. This Note shall be governed by and construed and
enforced in accordance with the laws of the State of Illinois, excluding any
conflicts of law rules or principles that would cause the application of the
laws of any other jurisdiction.
BORROWER: CORSAIR COMMUNICATIONS
Signature:________________________________________
Print Name:_______________________________________
Title:____________________________________________
Accepted in Rosemont, Illinois:
LENDER: COMDISCO, INC.
Signature:________________________________________
Print Name:_______________________________________
Title:____________________________________________
EXHIBIT A
MAKE MODEL DESCRIPTION ACQUIRE ASSET # SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
ASSETS GOING WITH PHONEPRINT
HP 7550A 231 CMPTR PLOTTER GRPH 86/01/21 C0012235 2520A20644 1
APPLE MACPLUS 686 COMPUTER PERSONAL 87-03-16 C0014120 F7101K2M00 1 2,294.63 2,294.63
APPLE MACPLUS 551 COMPUTER PERSONAL 87-4-28 C0014342 F6050CM0200 1 1,837.45 1,837.45
APPLE MACPL US COMPUTER PERSONAL 87-6-15 C0014542 F7232M2M00 1 1,508.13 1,508.13
452
APPLE MAC PLUS 745 COMPUTER PERSONAL 87-5-10 C0016103 F819350M00 1 1,460.17 1,460.17
AST PREMIUM 286 COMPUTER PERSONAL -- C0017172 38521 1 0.00
APPLE MAC II 459 COMPUTER PERSONAL 87-7-26 C0017215 F926DEM56 1 3,827.87 3,827.87
APPLE ? CMPTR MONITOR COLOR ? C0017806 1 0.00 0.00
APPLE MAC II 547 COMPUTER PERSONAL 91-9-5 C0019273 F51245N576 1 4,560.80 3,624.93
APPLE M0402 189 CMPTR MONITOR, MONO 91-9-05 C0019285 PH1238K35M 1 1,561.19 1,240.84
APPLE M0402 188 CMPTR MONITOR, MONO 91-8-20 C0019290 PH1239USA1 1 1,561.74 1,255.54
APPLE MAC II 505 COMPUTER PERSONAL 91-8-20 C0019291 F51270UG76 1 4,208.20 3,376.66
APPLE MAC II 408 COMPUTER PERSONAL 91-11-11 C0019589 F113881XC5 1 3,403.30 2,653.23
RADIUS 168 218 CMPTR, MONITOR 91-11-19 C0019590 DCH1410A00 1 1,395.30 1,068.23
APPLE MAC II ? MAC 11C1 W/EXT KYBD ? C0019941 F11441A1716 1 4,327.13 3,285.73
RADIUS TPD/19 CMPTR MONITOR 92-4-1 C0020185 DCH2040A01 1 1,305.13 341.43
245
APPLE MACII 11044 COMPUTER, PERSONAL 92-5-7 C0020195 F12176F971 1 4,353.50 3,085.11
RADIUS TPD/19 COMPTR MONITOR 92-12-14 C0021173 DCH26/ 1 1,109.13 687.66
2DA04
APPLE CENTRIS 1342 COMPUTER PERSONAL 93-4-5 C0021600 F1311CLDOC 1 4,194.11 2,246.18
DELL 1351 COMPUTER COMPUTER PERSONAL 93-6-16 C0021988 2KY12 1 4,221.88 2,082.79
S466/M
DELL 1351 COMPUTER COMPUTER PERSONAL 93-6-16 C0021989 2KY16 1 4,221.88 2,082.79
S466/M
APPLE CENTRIS COMPUTER PERSONAL 93-6-8 C0021990 F1305DAYOC 1 6,040.86 2,940.16
0000
XXXXX XXXXXXX COMPUTER PERSONAL 93-6-8 C0021991 F13050QYOC 1 6,040.88 2,940.17
1933
RADIUS CMPTR MONITOR, COLOR 93-7-13 C0021992 WTB324A105 1 2,247.53 1,061.33
719 350
RADIUS CMPTR MONITOR, COLOR 93-7-13 C0021993 WTB324A100 1 2,247.56 1,0051.34
719 350
TEXAS INSTR 000 0000000 CMPTR PRINTER LASER 93-6-15 C0021994 321030674 1 1,660.56 819.21
APPLE QUADRA 449 CENTRIS 650 C0022026 CK327000CG7 1 4,263.01 1,914.06
APPLE CENTRIS 1243 COMPUTER PERSONAL 93-6-24 C0022035 F1321D3550C 1 3,884.73 1,916.44
APPLE CENTRIS 1243 COMPUTER PERSONAL 93-6-24 C0022037 F1321DN90C 1 3,884.73 1,916.44
APPLE CENTRIS 473 COMPUTER PERSONAL 93-8-4 C0022137 F23075WSCN 1 3,281.96 1,480.93
APPLE CENTRIS 473 COMPUTER PERSONAL 93-8-4 C0022138 F23075WWCN 1 3,281.96 1,480.53
APPLE CENTRIS (610) COMUTER PERSONAL 93-8-4 C0022139 F2331HXMCN 1 3,281.96 1,480.51
000
XXXXX XXXXXXX (610) COMPUTER PERSONAL 93-8-4 C0022140 F2307KB3CN 1 1,780.56 807.74
290
APPLE CENTRIS (610) COMPUTER PERSONAL 93-8-4 C0022141 F2307W66CN 1 1,780.56 807.74
290
APPLE CENTRIS (610) COMPUTER PERSONAL 93-8-4 C0022142 F2307KB5CN 1 1,780.56 807.74
290
APPLE CENTRIS (610) COMPUTER PERSONAL 93-8-4 C0022143 F23075NRCN 1 1,790.56 807.74
000
XXXXX XXXXXXX 573 COMPUTER PERSONAL 93-8-4 C0022145 F23073WUCN 1 1,790.56 807.74
RADIUS 770 348 CMPTR MONITOR COLOR 93-5-4 C0022145 HNC7190ADI 1 2,405.36 1,064.34
RADIUS 779 348 21" COLOR MONITOR 93-5-15 C0022146 HNC190ADI00A 1 2,463.40 1,099.15
APPLE PRO 630 814 CMPTR PTINER LASER 93-11-19 C0022147 F132614010 1 2,344.56 1,147.23
XXX 0000XX 000X XXXXX XXXXX DISK 94-3-11 C0022151 G9360753 1 1,406.17 634.32
XXX XXX0000X 000 XXXXX XXXXX XXXX 00-0-0 X0000000 G93658772 1 1,234.67 584.04
APPLE 504 QUADRA COMPUTER PERSONAL 93-11-21 C0022479 C03905VIC 1 3,236.95 1,255.22
(610)
APPLE 504 QUADRA COMPUTER PERSONAL 93-11-9 C0022480 CX3905VFI 1 3,236.95 1,255.22
(610)
Page 1 of 10
EXHIBIT A
MAKE MODEL DESCRIPTION ACQUIRE ASSET # SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
APPLE 504 QUADRA COMPUTER PERSONAL 93-11-9 C0022481 CX371U8ZIC 1 3,236.95 1,255.22
(610)
APPLE 504 QUADRA COMPUTER PERSONAL 93-11-9 C0022482 CX337UZ1C 1 3,236.95 1,255.22
(610)
APPLE 504 QUADRA COMPUTER PERSONAL 93-11-9 C0022483 CX33725I1C 1 2,083.94 808.11
(610)
APPLE 504 QUADRA COMPUTER PERSONAL/21" CLR 93-11-9 C0022484 CX3371V21C 1 2,083.94 808.11
(610) MONITOR
RADIUS 448 381 CMPTR MONITOR COLOR 93-10-8 C0022485 SSG33ZA103 1 2,961.19 1,210.84
RADIUS 948 381 CMPTR MONITOR COLOR 93-10-5 C0022486 SSG33ZA103 1 2,961.19 1,210.84
DELL 1,269 COMPUTER COMPUTER PERSONAL 93-10-8 C0022528 30MW5 1 3,933.48 1,608.36
S466M
DELL 1,259 COMPUTER COMPUTER PERSONAL 93-10-8 C0022529 30MW6 1 3,933.50 1,606.37
S466M
CHAPLET SYS 1,627 COMPUTER PERSONAL LLPTR 2/OK C0022619 71263M347 1 5,068.67 1,872.50
NBD486T
SUN MICROSYS 10GXN-407 457 WORKSTATION 94-10-6 C0023073 35054623 1 14,621.40 4,873.50
SUN MICROSYS 10GXN-407,579 WORKSTATION 94-10-6 C0023074 35054632 1 14,469.30 4,795.38
SUN MICROSYS 4/1 5EC-32 177 WORKSTATION 94-10-6 C0023075 351F1078 1 5,656.06 1,385.36
SUN MICROSYS 4/1 5EC-32 177 WORKSTATION 94-1-6 C0023076 351F1068 1 5,656.06 1,385.36
SUN MICROSYS 4/10EC-8 199 WORKSTATION 94-10-6 C0023077 351F2559 1 2,837.55 975.38
SUN XXXXXXXX X000X-XX 0000 XXXXX XXXXX DISK 94-10-6 C0023078 35183300 1 4,439.00 1,476.53
SUN MICROSYS X000X-XX0 000 XXXXX, XXXXX DISK 94-10-6 C0023079 351U3356 1 2,961.53 1,416.53
Page 2 of 10
EXHIBIT B
MAKE MODEL DESCRIPTION ACQUIRE ASSET# SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
APPLE 990 POWERBOOK COMPUTER PERSONAL LPTP 93-12-22 C0023101 PC3480MU44 1 3,094.63 1,134.70
APPLE 990 POWERBOOK COMPUTER PERSONAL LPTP 93-12-22 C0023102 PC347D0744 1 3,094.63 1,134.70
APPLE 990 POWERBOOK COMPUTER PERSONAL LPTP 93-12-72 C0023103 PC348DB444 1 3,094.63 1,134.70
APPLE 940 QUADRA COMPUTER PERSONAL 93-12-21 C0023104 PC3465LTIC 1 2,952.33 1,082.52
APPLE 940 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023105 PC3490QHIC 1 2,952.33 1,082.52
/OU
APPLE 445 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023106 PC3495C41C 1 2,952.33 1,082.52
/OU
APPLE 945 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023107 PC3495561C 1 2,952.33 1,082.52
/OU
APPLE 945 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023108 PC3490031C 1 2,952.33 1,082.52
/OU
APPLE 945 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023109 PC465NX1C 1 2,952.33 1,082.52
/OU
APPLE 945 POWERBOOK COMPUTER PERSONAL 93-12-21 C0023110 PC49080IC 1 2,952.33 1,082.52
/OU
APPLE 945 QUADRA COMPUTER PERSONAL 93-12-21 C0023111 FC4504TIC 1 2,952.34 1,082.52
(610)
MICRONET SS-D16000 COMPUTER DRIVE TAPE DATE ? C0023115 5301768 1 1,749.32 734.72
486 COMPUTER - C0023197 1 2,919.93 724.73
HP 7550A 231 CMPTR, PLOTTER, GRPH - C0023308 2631A36846 1 2,080.04 534.68
DELL 1800 COMPUTER COMPUTER PERSONAL 94-3-4 C0023309 3DYPS 1 3,530.99 941.60
S486D
DELL 1800 COMPUTER COMPUTER PERSONAL 94-3-4 C0023310 3DYFM 1 3,530.99 941.60
S486D
DELL 1800 COMPUTER COMPUTER PERSONAL 94-3-4 C0023311 3DYRD 1 3,530.99 941.60
S486D
FR SYSTEMS COM-120A CMPTR, MONITOR 94-3-22 CC0023404 1686 1 3,201.89 3,520.50
6,733
IBM 800 425SX/SI COMPUTER PERSONAL 94-4-11 C0023529 FS02323KKP 1 1,367.70 365.80
IBM 744 425SX/SI COMPUTER PERSONAL 94-4-11 C0023530 PS02323KKI 1 1,457.46 351.95
APPLE 676 QUADRA COMPUTER PERSONAL 94-4-11 C0023531 PC3490E41C 1 5,949.25 1,224.36
APPLE 227 QUADRA COMPUTER PERSONAL 94-3-30 C0023532 PC406015U 1 2,404.99 641.33
APPLE ? QUADRA COMPUTER PERSONAL 94-3-30 C0023533 PC406006U 1 2,404.99 641.33
APPLE QUADRA COMPUTER PERSONAL --? C0023534 PC4060CXU 1 2,295.70 993.52
APPLE 1135 QUADRA COMPUTER PERSONAL 94-3-30 C0023535 PC40600HU 1 2,225.69 593.52
APPLE 1,135 QUADRA COMPUTER PERSONAL 94-3-30 C0023536 PC40600UU 1 2,225.70 593.52
APPLE 2,428 POWER MAC COMPUTER PERSONAL 94-4-14 C0023537 XB412CCNZQ 1 3,617.27 813.46
APPLE 2,428 POWER MAC COMPUTER PERSONAL 94-4-13 C0023538 XB412VDNZQ 1 3,617.28 815.46
APPLE 1,349 POWERBOOK COMPUTER PERSONAL LPTP 94-4-21 C0023605 PC406SYI44 1 2,645.13 617.20
APPLE 1349 POWERBOOK COMPUTER PERSONAL LPTP 94-4-21 C0023605 PC4065VY44 1 2,645.13 617.20
APPLE 1349 POWERMAC COMPUTER PERSONAL 94-4-21 C0023621 XB407LWP19 1 3,232.23 754.19
APPLE 1349 POWERBOOK COMPUTER PERSONAL LPTP 94-4-28 C0023634 PC40458B44 1 2,938.53 676.17
APPLE 1349 POWERBOOK COMPUTER PERSONAL LPTP 94-4-28 C0003635 PC404TBY4 1 2,938.51 676.17
APPLE 1227 QUADRA COMPUTER PERSONAL 94-4-18 C0023647 PC404074U 1 2,404.99 641.33
APPLE 1227 QUADRA COMPUTER PERSONAL 94-4-18 C0023648 PC40603UU 1 2,404.99 641.33
APPLE 1227 QUADRA COMPUTER PERSONAL 94-4-18 C0023649 PC40413RU 1 2,404.99 641.33
APPLE 504 QUADRA610 COMPTR-PERSON 94-6-10 C0023782 DCL4100A01 1 2,774.56 462.43
PERSONAL COMPUTER C0023783 1 5,164.32 660.75
APPLE 2,229 PB DUO POWERBOOK DUO 280c w17" DISP - C0023903 PC429HNT230 1 5,096.67 509.67
280/280C
1224 POWERBOOK DUO 280c w17" DISP - C0023904 1 5,096.67 509.67
APPLE 1,751 M3077 COMPUTER PERSONAL 94-8-14 C0023906 PC4230602Q 1 3,434.08 343.41
(POWERm)
? 17 COLOR MONITOR - C0023907 1 1,017.55 101.76
X
XXXXX X0000 0000 XXXXX XXXXXXX, COLOR 20 94-8-18 C0023909 114130091X 1 2,045.93 204.50
- ? POWERBOOK 180 - C0023924 1 2,960.76 288.75
- ? POWERBOOK 180 - C0023925 1 2,960.76 288.75
APPLE 1,239 6100 CMPTR PERSONAL 94-9-6 C0023926 XB432IR217 1 3,257.81 223.86
(POWERMAC)
Page 3 of 10
EXHIBIT B
MAKE MODEL DESCRIPTION ACQUIRE ASSET# SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
APPLE 1,239 6100 CMPTR PERSONAL 94-9-6 C0023927 XB43225A17 1 3,357.81 223.86
(POWERMAC)
APPLE 670 M2464 MONITOR-CMPTR 94-9-6 C0023935 PC41316598 1 3,291.03 219.40
POWERMAC
APPLE 1,049 C0-890 MONITOR,COLOR (20) 94-9-6 C0023936 544290841XY 1 2,055.92 137.05
APPLE 1,678 M2464 MONITOR CMPTR 94-7-96 C0023937 PC4112YIU 1 3,291.06 219.40
(POWERPC)
APPLE 1049 C0890 MONOTIR, COLOR 94-9-6 C0023938 S44S98MIXY 1 2,055.92 137.06
APPLE 4128 8100 CMPTR PERSONAL 94-9-6 C0023939 XB42UYP50 1 2,094.18 539.62
SPARC STAT - C0023964 1 1,103.83 0.00
5 GB TAPE - C0023965 1 1,250.29 0.00
SUN MICROS 00XXX0-0000 XXXXXXXXXXX 94-10-10 C0023869 441F1232 1 1,577.59 119.25
SUN MICROS 415FC2-2359 WORKSTATION,CLASSIC 94-10-20 30023970 440F1652 1 4,624.53 154.15
RADIUS C0507 MONITOR, COLOR 17" - C0023971 SS1428A162 1 1,095.00 36.50
APPLE 418 QUADRA 605 CMPTR PERSONAL 94-10-10 C0023972 XB43502K2D 1 2,393.28 79.78
XXXXX 000 XXXXXX 000 COMPUTER PERSONAL 94-10-10 C0029273 XB43500D 1 2,393.28 79.78
SPORTSTER NA 1,172 CMPTR. PERSONAL 94-10-19 C0023974 N/A 1 2,295.85 276.61
APPLE 3125 M2332 POWERBOOK 94-10-20 C0023991 PC433HB823 1 6,127.52 204.25
APPLE 3125 M2332 POWERBOOK 94-20-20 C0023992 PC438HR023 1 6,127.52 20.25
INTEL 486 DXL 486 COMPUTER CO023995 1 4,1588 138.20
APPLE 7100 PERSONAL COMPUTER C0023996 1 4,912.14 163.74
APPLE 7100 PERSONAL COMPUTER C0023997 1 4,912.14 163.74
COMPAQ PROLINEA FOR PAYROLL C0024046 1 2,336.54 0.00
APPLE POWERBOOK 520 FOR FINANCE C0024047 1 3,089.08 0.00
APPLE POWERBOOK 520 FOR FINANCE C0024048 1 3,029.08 0.00
APPLE 7100 PERSONAL COMPUTER C0024049 FC4410CR3YK 1 4,420.45 0.00
APPLE 7100 PERSONAL COMPUTER C0024050 FC4410DW3YK 1 4,420.46 0.00
0000 XXXXXXX 00 XXX XXX XXXXXXXX X0000000 1 4,600.62 0.00
0000 XXXXXXX 00 XXX XXX XXXXXXXX X0000000 1 4,600.62 0.00
1932 POWERBOOK 123 C0024113 1 3,086.21 0.00
TEXTRONIX 7A18N SCOPE PN, DUAL 74-5-2 C0004026 B054254 2 531.20 525.89
TEXTRONIX 7A18N SCOPE PN, DUAL CH 74-5-2 C0004028 B054271 2 531.20 525.89
TEXTRONIX 7704 SCOPE GP, MF 75-9-22 C0004208 B143141 2 3,211.80 3,179.68
HP 6267B PWR SUPP. DC 75-9-1 C0004227 1512A02235 2 750.87 743.36
TEXTRONIX 475DM43 SCOPEPORTABLE 75-8-26 C0004280 252551 2 3,421.74 3,387.52
POWER DESIG TP325 POWER SUPPLY, TRIPLE 76-4-1 C0004357 602113 2 430.00 425.70
TEXTRONIX 7A26 SCOPE PN, DUAL CH 76-4-14 C000440 B129107 2 1,220.20 1,208.00
TEXTRONIX 7B80 SCOPE PN, TIME BASES 77-3-1 C0004649 B041473 2 794.74 786.79
TEXTRONIX 7B53A SCOPE PN DUAL 77-7-1 C0004879 B124703 2 1,039.80 1,029.40
HP 6002A PWR SUPP. DC 78-5-28 C0005290 1802A01049 2 1,251.43 1,238.92
TEXTRONIX 7B53A SCOPE PN, TIME BASE 78-5-30 C0005319 B189223 2 1,134.91 1,121.56
XXXXX-XXXX 3202R FILTER, TUNABLE 78-6-13 C0005370 3396 2 1,071.23 1,060.62
HP 3964A RCRDR INSTRUMENT 78-7-15 C0005438 1821A0701 2 7,116.18 7,045.02
XXXXXXXXX 0X00 XXXXX XX DUAL CH 78-7-28 C0005452 B189524 2 1,412.59 1,394.47
TEXTRONIX 7B85 SCOPE PN TIME BASE 78-12-13 C0005598 B064025 2 1,093.22 1,062.29
SD TIME CODE READER 8132 C0005825 2
HP 436A METER, POWER, MW 19-10-5 C0006519 1930A05680 2 2,350.21 2,326.71
HP 8656A GEN SIGNAL 82-1-29 C0007157 2142A01924 2 7,203.40 7,203.40
HP 197B CAMERA SCOPE 83-3-15 C0007573 1905A04498 2 1,544.41 1,544.41
HP 8970A METER NOISE 83-4-12 C0007647 2221A01029 2 9,948.28 9,948.28
TEXTRONIX 485 SCOPE PORTABLE 83-5-4 C0007725 B191464 2 8,196.25 8,196.25
HP 5335A COUNTER ELEC C0007925 2321A04740 2 4,081.58 4,081.58
BSG PROJ 5110 MODULE AMPL BIAS C00116025 2321A04740 2 4,081.58 4,081.58
TEXTRONIX 2445 SCOPE PORTABLE C0011887 2 2
TEXTRONIX 2465CTS O'SCOPE SNB052750 C0012315 BCG0280 2 4,140.80 4,140.80
HP 160G LOGIC ANALYZER C0012426 2 15,070.21 15,070.21
HP 6024A POWER SUPPLY C0012969 2526A04501 2 1,335.36 1,335.16
IBM 6180-002 CMP FTR PLOTTER CLR 87-2-6 C0013809 11448 2
HP 3335A GEN SYNTHESIZER 87-2-24 C0014059 2516A04099 2 11,401.92 11,401.92
HP 5385A COUNTER ELEC 91-8-9 C0017628 2710A04821 2 2,054,05 2,016.58
HP HP 6632A PWR SUPP. DC 91-5-14 C0019030 2708A00130 2 1,244.82 932.48
FLUKE MFG 6080A GEN SIGNAL 91-7-19 C0019122 53115701 2 21,309.88 17,261.02
Page 4 of 10
EXHIBIT B
MAKE MODEL DESCRIPTION ACQUIRE ASSET # SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
HP 6632A PWR SUPP DC 91-6-14 C0019126 3002A0439 2 1,760.15 1,439.11
HP 6632A PWR SUPP DC 91-6-14 C0019128 0000X0000 2 1,760.15 1,439.11
HP 5087A AMPL DISTR 93-3-10 C0021441 2208A0474 2 2,929.02 1,630.49
IFR SYSTEMS COM120A MONITOR COMMUNCATION 93-3-16 C0021580 485001182 2 12,870.00 7,207.20
IFR SYSTEMS 120A RECEIVER COMM 93-7-23 C0021984 485001135 2 13,949.08 6,587.07
NCA PERIPHERAL CHPTR DRIVE DISK 93-6-2 C0021985 G93657270 2 1,526.33 752.99
MXT
NCA PERIPHERAL CMPTR DRIVE DISK 93-6-2 C021986 G93657272 2 1,526.32 752.99
MXT
II INC 2PB36A-006 CCADSP 93-6-18 C0022048 97273 2 1,618.34 809.14
XXXX-XXXXX 2PB1007-001 CONVERTER A/D 93-6-18 C0022049 98777 2 6,489.39 3,244.79
NCA 0000XX XXXXX XXXXX DISK 94-3-11 C0022150 G93660752 2 1,406.17 634.32
DIGITAL EQ 400090 SYSTEM VAC 94-3-1 C0022191 930169345 2 30,255.88 12,171.25
MAXTOR KOOCHOHE 1.2 GBYTE DISK DRIVES C0022197 2 1,294.67 584.04
MAXTOR KOOCHOHE 1.2 GBYTE DISK DRIVES C0022198 2 1,294.67 584.04
STANFORD RE SR620 COUNTER UNIVERSAL 93-12-17 C0023118 1383 2 4,871.25 1,623.76
STANFORD RE FS700 FREQ STD XXXXX 93-12-17 C0023119 405 2 5,737.25 1,912.42
LOW PHASE NOISE OSCL C0023196 2 3,412.95 1,023.75
PANASONIC KX-B8520 PRINT BOARD ELECTRONIC 9-4-11 C0023375 0733221A07 2 1,417.56 383.36
COMPBINET CB-400 BRIDGE ETHERNET 94-3-24 C0023433 A3-3127 2 2,319.91 611.65
NOISE COLM UFX7109 GEN NOISE PROGRAMMABLE 94-4-8 C0023434 2022 2 8,478.50 1,978.22
4MM TAPE DRIVE C0023551 2 1,369.96 319.66
HP 8560E ANAL SPECTRUM 94-7-26 C0023814 3425A01019 2 27,199.93 1,621.32
AUTOCAD SYSTEM C0023823 2 6,392.16 852.29
17 MONITOR C0023824 2 1,515.50 202.07
LASER PRINTER C0023825 2 4,912.02 654.93
2GB HD SCSI-II CABLE C0023963 2 1,216.73 81.12
4.2 GB MUL C0023966 2 3,196.77 0.00
4.2 GB MUL C0023967 2 3,196.77 0.00
4.2 GB MUL C0023963 2 3,196.77 0.00
XXX 0000XXX XXXXX XXXX XXXX 94-10-10 C0023975 828315 2 1,093.30 36.44
XXX 0000XXX XXXXX XXXX XXXX 94-10-10 C0023976 829405 2 1,093.30 36.44
XXXXXX X0000 XXXXX XXXX XXXX 94-10-10 C0023977 S91428A1E2 2 1,093.30 36.44
2 GB SCSI C0023978 2 1,093.30 36.44
2 GB SCSI C0023979 2 1,093.30 36.44
2 GB SCSI C0023980 2 1,093.30 36.44
2 GB SCSI C0023981 2 1,093.30 36.44
2 GB SCSI C0023982 2 1,093.30 36.44
2 GB SCSI C0023983 2 1,093.30 36.44
CSC 1924EXT DRIVE DISK SCSI C0023985 2 1,093.30 36.44
2 GB SCSI C0023986 2 1,093.30 36.44
00-0 XX XX & 00 XXXXXXXXXXX C0023987 2 1,093.30 36.44
2 GB SCSI C0023988 2 1,093.30 36.44
XYPLEX SERVER C0023999 2 2,209.19 0.00
SUN WORK STATION C0024096 2 7,035.93 0.00
PHONEMAID SIGNAL GENERATORS Self-Corrected 2 72,950.00 0.00
(2)
POWER DESIGN 3610ORF PWR SUPPLY DC 70-9-1 C0001464 810016 3
TEXTRONIX 2335 SCOPE PORTABLE 83-3-18 C0007583 8012536 3 2,715.75 2,715.79
TEXTRONIX 495P ANAL SPECT 83-6-23 C0007792 B010488 3 30,354.49 30,854.49
HP 6653A POWER SUPPLY 94-4-7 C0022979 3347A01177 3 3,076.98 717.57
HP 6653A POWER SUPPLY 94-4-7 C0022980 3347A01585 3 2,976.63 694.54
HP 6653A POWER SUPPLY 94-4-7 C0022981 3347A01182 3 2,976.62 694.56
HP 6653A POWER SUPPLY 94-4-15 C0022982 3345A00408 3 1,828.07 457.49
HP 6543A POWER SUPPLY 94-3-12 C0022983 3218400175 3 4,601.51 1,227.07
HP 6543A POWER SUPPLY 94-3-12 C0022984 3218A00139 3 1,828.07 4487.49
HP 6543A POWER SUPPLY 94-3-12 C0022985 3218A00172 3 1,828.07 487.49
HP 6543A POWER SUPPLY 94-3-12 C0022986 3218A00176 3 1,828.08 487.49
TEXTRONIX TA5475 SCOPE PORTABLE 94-3-22 C0023312 B011081 3 2,614.04 697.08
TEXTRONIX 2232 SCOPE PORTABLE 94-3-22 C0023314 B032127 3 6,748.34 1,789.56
HP 856B8 ANALSPECT 94-3-1 C0023405 2601A82551 3 19,903.88 4,641.24
HP 8482B SENSOR POWER 94-3-1 C0023406 2149A02159 3 18,943.75 5,681.16
Page 5 of 10
EXHIBIT B
MAKE MODEL DESCRIPTION ACQUIRE ASSET # SERIAL # TYPE PURCHASE ACC DEPT
DATE PRICE 30-NOV-94
HP 8657B GEN SIGNAL 94-3-12 C0023407 3133002203 3 16,957.72 4,522.66
HP 437B METER POWER MW 94-3-15 C0023408 3125U10460 3 2,898.80 869.64
HP 5385A COUNTER ELEC 94-6-6 C0023473 3242A07945 3 2,992.81 988.08
POWER SUPPLY 94-6-6 C0023574 3 4,001.51 613.53
HP 5385A COUNTER ELEC 94-5-27 C00235704 2730406273 3 2,130.88 355.15
DRIVE CONTROL C0023784 3 5,358.38 893.07
DSP32C BOARD C0023874 3 3,085.13 0.00
1924EXT DRIVE DISK SCSI C0023984 87898 3 1,093.30 36.44
MACRONI SIGNAL GENERATOR C0024035 3 24,023.92 0.00
RUGGED COMPUTERS C0024109 3 4,054.25 135.14
RUGGED COMPUTERS C0024110 3 3,907.83 781.57
IBM SEL III TYPEWRITER C0006472 4555133 4
APPLE PRO 630 LASERWRITER PRO 630 C0022148 F132614H108 4 2,544.57 1,147.89
HP FAX 950 FAX-EXPENSED C0023902 IPA4403940 4
HP 451MX LASERJET PRINTER C0024045 USGD517900 4 4,364.48 0.00
HP 8591E ANALSPECT PORTABLE 94-7-21 C0023831 3412A0597 5 12,052.43 1,740.32
SUN MYCROSY X8522A STORAGE PACKAGE 94-9-30 C0023954 43804220 5 1,254.29 83.62
SUN MYCROSY X569A DRIVE DISK 420B 94-9-30 C0023955 43603607 5 2,146.95 209.36
SUN MYCROSY X569A DRIVE DISK 4.2GB 94-9-30 C0023956 43631603 5 3,147.80 209.86
SUN MYCROSY X569A DRIVE DISK 4.2GB 94-930 C0023957 43603341 5 3,147.82 2209.86
XYPLEX SERVER C0023958 5 2,288.19 0.00
1 SUN 4.2GB DISK PACKS C0024122 5 2,857.20 0.00
1 SUN 4.2GB DISK PACKS C0024123 5 2,857.20 0.00
1 SUN 4.2GB DISK PACKS C0024124 5 2,857.80 0.00
1 SUN 4.2GB DISK PACKS C0024125 5 2,857.80 0.00
1 SUN 4.2GB DISK PACKS C0024126 5 2,257.20 0.00
XPLEX SERVER C0024127 5 2,972.73 0.00
XPLEX SERVER C0024128 5 2,972.73 0.00
ENGINEE XB024-10 PLATFORM LIFTER C0023120 62834-02 6 1,254.08 376.22
ENGINEE XB024-10 PLATFORM LIFTER C0023121 62818-01 6 1,254.08 376.22
ENGINEE XB024-10 PLATFROM TRUCK/LIFT C0023160 63956.02 6 1,503.25 400.87
ENGINEE XB024-10 PLATFORM TRUCK/LIFT C0023161 67966-03 6 1,503.25 400.87
ENGINEE XB024-10 PLATFORM TRUCK/LIFT C0023162 63966-04 6 1,503.25 400.87
ENGINEE XB024-10 PLATFORM TRUCK/LIFT C0023163 63956-01 6 1,503.25 400.87
ENGINEE XB024-10 PLATFORM TRUCK/LIFT C0023164 63956-05 6 1,503.24 400.87
WORK BENCHES C0023539 6 4,799.63 959.93
WIRE SHELF CARTS C0023540 6 1,679.62 3335.93
FLOOR SCALE C0024036 6 2,803.68 0.00
INSTAPAK MODEL 750 PACKGING C0024129 6 3197.00 0.00
STOCKROOM SECURITY ENCODERS C0022850
HP 3100 C0023841 37,253.97 2.423.08
* Does Not Include HP3100 Computer. Disposition of this unit is not yet
decided.
** Does not include rack units in cage (warehousing units) which may or may
not be removed when building is vacated. Disposition of this unit is not
yet decided.
Page 6 of 10
CORSAIR 1995 FIXED ASSET PURCHASES THROUGH 6/30/95
===========================================================================================================================
MAKE/VENDOR MODEL DESCRIPTION CORSAIR PURCHASE PURCHASE
CHECK # PRICE DATE
---------------------------------------------------------------------------------------------------------------------------
Computer Equipment (1600)
-------------------------
---------------------------------------------------------------------------------------------------------------------------
Acropolis 950606002, 950606001, 6017 AS171-42801 SCSI disk pedestal w/kit 3954 $10,207.98 5/26/95
---------------------------------------------------------------------------------------------------------------------------
Arcom 3C509B 3COM Ethink III 16bit 20 pack 3959 $ 1,643.19 6/8/95
---------------------------------------------------------------------------------------------------------------------------
Arcom 000655-0 USROBO Total Control 6Slot Hub 4289 $15,550.58 6/26/95
---------------------------------------------------------------------------------------------------------------------------
Aroma Tech - SNM30254569 M586-90/100 SIS 586 90/100MHz 3477 $ 3,145.22 4/11/95
---------------------------------------------------------------------------------------------------------------------------
Cabletron XXXX-24 Stack ethernet hub intel 24p 3680 $ 6,716.41 5/5/95
---------------------------------------------------------------------------------------------------------------------------
Cabletron SEH-24 Stackable ethernet hub-24 3680 $ 3,029.47 5/9/95
---------------------------------------------------------------------------------------------------------------------------
Cabletron XXXX-24 Stack ethernet hub intel 24p 4220 $ 2,693.75 5/30/95
---------------------------------------------------------------------------------------------------------------------------
Cablerock CR5-85 Spare 5 System w/kit 3335 $ 5,732.92 3/21/95
---------------------------------------------------------------------------------------------------------------------------
Central Design - S519F01YC SSFX185322P46 17"C 32MB 1GB TGX 85 3972 $ 8,640.63 5/22/95
---------------------------------------------------------------------------------------------------------------------------
Central Design S20FX16132P46 17"C TGX 61 32MB 1GB 3735 $35,140.10 6/8/95
---------------------------------------------------------------------------------------------------------------------------
Central Design - S513F04, S513F04WD, S4C7032P44 S4 00 XXx 00" x00xx000 3792 $31,485.41 6/16/95
S513F04KY, S513F031W
---------------------------------------------------------------------------------------------------------------------------
Central Design - 6016869 EXAXEXB-8505 8MM Tape Drive 3869 $ 1,472.89 6/23/95
---------------------------------------------------------------------------------------------------------------------------
Central Design model 70,110 CD-SS4-70, Sun 1, CD-SS5-85, Sun 5 4182 $21,259.88 6/28/95
---------------------------------------------------------------------------------------------------------------------------
Ceram 64MB Simm for SS20 3769 $ 7,902.00 5/9/95
---------------------------------------------------------------------------------------------------------------------------
Computerland HPCD-E2039 Laserjet 4M plus toner 3388 $ 2,089.24 3/29/95
---------------------------------------------------------------------------------------------------------------------------
Page 7 of 10
CORSAIR 1995 FIXED ASSET PURCHASES THROUGH 6/30/95
===========================================================================================================================
MAKE/VENDOR MODEL DESCRIPTION CORSAIR PURCHASE PURCHASE
CHECK # PRICE DATE
---------------------------------------------------------------------------------------------------------------------------
Computer Equipment (1600) cont'd
--------------------------------
---------------------------------------------------------------------------------------------------------------------------
Computerland 755-C IBM Thinkpad 3603 $ 3,657.37 4/25/95
---------------------------------------------------------------------------------------------------------------------------
Computerland - XB5160N93YX APPL-A0848 PowerMac 8100/110C 16MB 2GB CD 3663 $ 6,768.51 5/2/95
---------------------------------------------------------------------------------------------------------------------------
Computerland - FC517361-446, APPL-A3642 Apple PowerMac 7100/80 16/700/cd 3975 $25,581.75 5/12/95
FC5173K2446,
FC5173P0446,FC5173LM446,
C5173KB446, FC51740T44H,
JPGK14205
---------------------------------------------------------------------------------------------------------------------------
Computerland -FC512HJ223L APPL-A0864 Powerbook 280C 4/320 w/monit. & pack 3740 4,758.19 5/12/95
---------------------------------------------------------------------------------------------------------------------------
Computerland - TF513DDT1Y5 APPL-H1485 Powerbook duo dock w/HD 3846 $ 825.40 5/16/95
---------------------------------------------------------------------------------------------------------------------------
Computerland 400012544503291, Patriot 2-Laptop 486/dx 3846 $ 5,314.75 5/26/95
40003244473172
---------------------------------------------------------------------------------------------------------------------------
Computerland RADI-C0504 Two page display / 20GS 3892 $ 3,523.17 6/23/95
DCL5090A0179
DCL5080A0048
DCL5090A0133
DCL5090A0173
---------------------------------------------------------------------------------------------------------------------------
Computerland King-B2320 20 MB module P/PB Duo 250 3975 $ 838.75 6/8/95
---------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxxxxx XX00000XX0XX, APPL-A3642 PowerMac w/keyboard 3975 $33,743.60 6/12/95
XB5200WU5P0, XB5212EK5P0,
XB5212EX5P0, SB5212BJ5P0
---------------------------------------------------------------------------------------------------------------------------
Computerland APPL-A4273 (5) PowerMacs w/monit. & keybds. 4080 $14,873.82 6/21/95
---------------------------------------------------------------------------------------------------------------------------
DEL 90C/XPS Dimension Pentium-Mini tower base 3797 $ 3,245.41 6/16/95
---------------------------------------------------------------------------------------------------------------------------
ENS - SN25095490 CSCO-2501 Router package w/software 3033 $ 4,023.81 1/25/95
---------------------------------------------------------------------------------------------------------------------------
Page 8 of 10
CORSAIR 1995 FIXED ASSET PURCHASES THROUGH 6/30/95
===================================================================================================================================
MAKE/VENDOR MODEL DESCRIPTION CORSAIR PURCHASE PURCHASE
CHECK # PRICE DATE
-----------------------------------------------------------------------------------------------------------------------------------
Computer Equipment (1600) cont'd
----------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ENS USROB-000826- Analog modem w/fax 3033 $ 6,021.31 1/30/95
0
-----------------------------------------------------------------------------------------------------------------------------------
ENS - SN50004214 CSCO-7010 Cisco 7010 router package 3445 $ 27,202.20 4/3/95
-----------------------------------------------------------------------------------------------------------------------------------
HDS Pentium 586 computer system 3034 $ 4,281.29 1/5/95
-----------------------------------------------------------------------------------------------------------------------------------
HDS Pentium 586 computer system 3034 $ 4,281.29 1/10/95
-----------------------------------------------------------------------------------------------------------------------------------
HDS HD Victoria System 3850 $ 6,249.50 5/20/95
-----------------------------------------------------------------------------------------------------------------------------------
NCA - SN454505410766, 2100S Quantum Empire 2100s hard disk 3311 $ 1,960.41 3/9/95
SNBDOE5021LNY, SN 4360015888,
SN466504640442
-----------------------------------------------------------------------------------------------------------------------------------
XXX XXX 0-000 XX 00000 3311 $ 1,059.77 3/16/95
-----------------------------------------------------------------------------------------------------------------------------------
Network Assoc. Asante 00 xxxx xxxxxxxx xxx 0000 $ 1,179.90 3/21/95
-----------------------------------------------------------------------------------------------------------------------------------
PDC X827A/S-XBT- 4MM Autoloader 4006 $ 3,831.20 6/13/95
4TS
-----------------------------------------------------------------------------------------------------------------------------------
Seque Sys. 90 Pentium System 4119 $ 3,755.00 6/23/95
-----------------------------------------------------------------------------------------------------------------------------------
TEL-LAN MX-1600-002 Multi-access remote server 3042 $ 7,028.95 1/24/95
-----------------------------------------------------------------------------------------------------------------------------------
UUNET Tech. - 25130134-3092 Cisco-2501 Router & CSU/DSU 3721 $ 1,922.00 5/4/95
-----------------------------------------------------------------------------------------------------------------------------------
Vanstar - SN SFC439MT61XN APPL-A2805 Powerbook 520 4/160 3044 $ 2,970.76 1/5/95
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL $335,607.58
===========
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Page 9 of 10
CORSAIR 1995 FIXED ASSET PURCHASERS THROUGH 6/30/95
===================================================================================================================================
MAKE/VENDOR MODEL DESCRIPTION CORSAIR PURCHASE PURCHASE
CHECK # PRICE DATE
-----------------------------------------------------------------------------------------------------------------------------------
Furniture Equipment (1640)
----------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Arcom PM2E-10 Xxxxxxxxxx portmaster w/rack kit 4069 $ 2,507.86 6/14/95
-----------------------------------------------------------------------------------------------------------------------------------
Arcom PM2E-10 Xxxxxxxxxx portmaster w/rack kits 3783 $ 5,794.24 6/16/95
-----------------------------------------------------------------------------------------------------------------------------------
Arcom PM2E-10 Xxxxxxxxxx portmaster w/kit 41277 $ 3,090.05 6/21/95
-----------------------------------------------------------------------------------------------------------------------------------
Arcom PM2E-10 Xxxxxxxxxx portmaster w/rack kit 3891 $ 8,336.62 6/23/95
-----------------------------------------------------------------------------------------------------------------------------------
Art & Display Co. 1531 Legend kit w/LPCO3 capsule counter 3773 $ 4,595.54 6/15/95
-----------------------------------------------------------------------------------------------------------------------------------
Audio Graphic Sys. B 70x70 MW DALITE 3960 $ 118.53 5/30/95
-----------------------------------------------------------------------------------------------------------------------------------
Audio Graphic Sys. XX00X-0 Xxxxxxxx big base 44" cart 3960 $ 210.12 6/13/95
-----------------------------------------------------------------------------------------------------------------------------------
Cabletron EPIM-X Enet port int. mod. dual in. w/kit 3791 $ 373.90 5/19/95
-----------------------------------------------------------------------------------------------------------------------------------
Cabletron 9300044-15 Assy. Cbl, XCVR, 802.3 28 AWG 3791 $ 282.74 5/23/95
-----------------------------------------------------------------------------------------------------------------------------------
COG/Xxxxx Bus Furnish. 7488 Paramount desk chair; #61 pewter 4181 $ 318.94 6/1/95
-----------------------------------------------------------------------------------------------------------------------------------
COG/Xxxxx Bus. Furnish. 7488 Office master chair 3418 $ 8,510.00 4/28/95
-----------------------------------------------------------------------------------------------------------------------------------
COG/Xxxxx Bus. Furnish. 15WAL-BL VERSA Stacking chair 3470 $ 13,410.00 5/9/95
-----------------------------------------------------------------------------------------------------------------------------------
COG/Xxxxx Bus. Furnish. 7488 Paramount desk chairs: #61 pewter 3693 $ 27,849.16 6/6/95
-----------------------------------------------------------------------------------------------------------------------------------
COG/Xxxxx Bus. Furnish. M211-1142 23 Office chairs; MB Sync, pneu, poly shell 4243 $ 8,624.31 6/26/95
-----------------------------------------------------------------------------------------------------------------------------------
Lightwave Comm. 5000 Serverswitch w/cables 4194 $ 6,583.50 6/30/95
-----------------------------------------------------------------------------------------------------------------------------------
Lindsay-Ferrari Tackable acoust. panels, worksurfaces 3576 $ 64,323.00 5/17/95
-----------------------------------------------------------------------------------------------------------------------------------
Lindsay-Ferrari Lindelve File-lateral, rec hdwd., 2drwr 3854 $ 1,082.89 5/23/95
-----------------------------------------------------------------------------------------------------------------------------------
Perimeter Install. of card render on lobby door 4136 $ 595.00 6/29/95
-----------------------------------------------------------------------------------------------------------------------------------
Perimeter Install. of sec. system 4156 $ 34,555.00 6/29/95
-----------------------------------------------------------------------------------------------------------------------------------
Pure Valley Water HTT-45RO Hydrotech w/tank & dispenser 4011 $ 1,403.61 6/27/95
-----------------------------------------------------------------------------------------------------------------------------------
Voice Pro SRX Phone system - Deliv. pymt. 4028 $ 17,443.06 6/29/95
-----------------------------------------------------------------------------------------------------------------------------------
VoicePro SRX/VMX 200S Telephone, call processing system 3426 $ 17,433.06 5/1/95
-----------------------------------------------------------------------------------------------------------------------------------
VoicePro SRX Phone system - Deliv. pymt. 4028 $ 52,042.79 6/30/95
-----------------------------------------------------------------------------------------------------------------------------------
VoicePro SRX Phone system -n Deliv. pymt. 4028 $ 12,887.93 6/30/95
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL $292,371.85
===================================================================================================================================
Page 10 of 10
EXHIBIT C
Not attached to original
