SCHEDULE TO MASTER LEASE AGREEMENT
Exhibit A to
Master Lease Agreement No.: 00-000-00
Master Lease Agreement Date: August 7, 1997
Schedule No.:0210-006
Schedule Date: ,1998
Name and Address of Lessee:
Netter Digital Entertainment, Inc.
0000 Xxxxxxxxxx Xxxx.
Xxxxx Xxxxxxxxx, XX 00000
Description of Items of Equipment: See Schedule "A" attached hereto and made
a part hereof.
Lessor's Cost of Items of Equipment $311,554.22
Equipment to be located at:
0000 Xxxxxxxxxx Xxxx. And 000 Xxxxx Xxxx.
Xxxxx Xxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
Commencement date of Lease: ..................
Term of Lease Schedule: Thirty-six (36) months
Rent payments will be due in advance commencing December 01, 1998 and
subsequently on the same date of each month.
A. Total rent (excluding taxes) ............................. *
B. Rent per (month, quarter, etc.) .......................... *
C. Advance rental ........................................... *
D. Security deposit, (if applicable) ........................ N/A
All of the terms and provisions of the Lease are hereby incorporated by
reference in this Schedule to the same extent as if fully set forth herein.
Lessee and Lessor hereby agree to be bound by the terms and provisions of,
and hereby make, as if made as of the date hereof, the representations and
warranties contained in the Lease as each relates to the Lease created hereby.
Lessee hereby irrevocably authorizes Lessor to insert (as provided above) in
this Schedule the commencement date of the Lease and the due date of the first
rental payment. Lessee and Lessor hereby agree that upon delivery of the Items
of Equipment described herein, Lessee will cause an authorized representative
of Lessee to inspect the Items and, if the Items are found to be in proper
operating order and appearance conforming to the specifications and
requirements of Lessee, such Items will be subjected to the terms of the
Lease by Lessee's acceptance of such Items by execution and delivery of a
Delivery and Acceptance Certificate in the form annexed hereto as Appendix
1.
Additional Provisions:
Security Deposit applicable? NO
Include if applicable:
Security deposit shall be due in the amount specified above upon the
execution and delivery of this Schedule. Security deposit shall be security
for the full payment and performance of all terms, conditions, and obligations
of the Lessee hereunder and under Master Lease Agreement No. 3G,00049. Such
deposit shall not excuse the performance at the time and in the manner
prescribed of any obligation of Lessee or prevent default thereof. Lessor may,
but shall not be required to, apply such security deposit towards discharge of
any overdue obligation of Lessee. The balance, if any, of that portion of the
security deposit received by Lessor, provided that Lessee has fully complied
with and performed all its obligations under Master Lease Agreement No.
30-00049, this Schedule and any Delivery and Acceptance Certificate applicable
hereto and Lessee is not and has not been in default thereunder or hereunder,
shall be refunded to Lessee upon expiration of the Lease term, including any
applicable renewal berm.
Purchase option applicable? YES
Include if applicable:
Provided that the Lease has not been terminated and that no default has
occurred and is continuing under the Lease, Lessee shall have the option to
purchase, at the expiration of the term of the Lease provided above, upon not
less than 180 days prior irrevocable notice to Lessor, all, but not less than
all, of Lessor's right, title and interest in the Equipment then subject to
the Lease for a purchase price equal to $1.00.
Purchase Agreement Applicable? NO
Provided that the Lease has not been terminated, and that no default has
occured and is continuing under the Lease, Lessee must purchase, at the
expiration of the term of the Lease provided above, all, but not less than
all, of the Equipment then subject to the Lease for a purchase price equal to
$
Renewal term applicable? NO
Include if applicable:
If Lessee shall not elect to purchase the Equipment pursuant to any
applicable purchase option set forth above, the Lease has not been terminated
and no default has occurred and is continuing under the Lease, Lessee may,
upon not less than 90 days irrevocable notice prior to, renew the Lease for a
renewal term from MONTH through MONTHLY and at the renewal rent of 0 due Jul
in advance, commencing MONTH, 19 and subsequently on the same date of each 28.
Further, at the expiration of the renewal term of the Lease provided for in
the immediately preceding sentence upon not less than 180 days prior
irrevocable notice to Lessor and provided that the Lease has not been
terminated and that no default has occurred and is continuing under the Lease,
Lessee shall have the option to purchase all, but not less than all, of
Lessor's right, title and interest in the Equipment then subject to the Lease
for a purchase price equal to 0.
Stipulated Loss Value Appendix applicable? YES
Include if applicable:
This Schedule has, as a part thereof, the Stipulated Loss Value Appendix
2 annexed hereto or otherwise identified as a part hereof or applicable
hereto.
Amendment to Lease applicable? NO
Include if applicable:
Lessee and Lessor hereby amend the terms of the Lease as follows:
IN WITNESS WHEREOF, the parties hereto have executed this Schedule as of the
______________________ day of ___________, 1998.
Netter Digital Entertainment, Inc.
As Lessee
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: CFO
Attest/Witness
By:/s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: President/CEO
(Corporate Seal)
LYON CREDIT CORPORATION, as Lessor
By:/s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Assistant Vice President