Exhibit 10.26
FREEDOM LEASE(R)
Closed End Vehicle Lease Agreement
Consumer Paper
[LOGO] BANK ONE(R)
AGREEMENT TO LEASE
You agree to lease the Vehicle from us subject to the terms and conditions of
this Lease. The terms and conditions of your Lease are stated below and on the
reverse side. This Agreement ("Lease") covers your lease from us of the motor
vehicle ("Vehicle") described on the reverse side with all equipment, parts and
accessories. The words "you" and "your" mean each Lessee who signs the Lease,
jointly and severally; the words "we," "us" and "our" mean the Lessor who signs
this Lease. The Vehicle you selected for this Lease has been (or will be)
purchased by the Lessor from the Seller who arranged for this Lease.
VEHICLE USE AND AUTHORITY TO OPERATE
Unless otherwise provided in this Lease, you agree that the Vehicle will be used
primarily for personal, family or household use. You further agree that you: (1)
will comply with, and will not violate, nor permit anyone else to violate, the
applicable laws and regulations of local, state and federal governments
concerning the operation of motor vehicles; and (2) will not use, or permit
anyone else to use the Vehicle for unlawful purposes. You agree to pay when due
all parking, traffic, or other fines and penalties that are imposed on the
Vehicle or on any driver of the Vehicle during the lease term or until the
Vehicle is returned to the Lessor.
In addition, the Vehicle will: (1) not be used or operated by persons other than
your employees, agents and members of your immediate family, all of whom (i)
must be properly authorized and licensed to operate the Vehicle; and (ii) will
not be under the influence of alcohol or drugs while operating the Vehicle; (2)
not be used for drivers' training purposes or to transport passengers for hire;
(3) not be used, or permitted to be used for any purpose which would cause any
required insurance coverage to be suspended or canceled; (4) not be used in a
reckless or negligent manner, nor in excess of its rated capacity; (5) not be
relocated from the continental Untied States; and (6) be subject to the
restrictions in the TRANSFER OF INTERESTS section.
o Notice to Lessor Required. In addition to the above promises, you represent
that you are currently licensed to drive the Vehicle (or vehicles of its
classification) in the state where you live. As a condition of this Lease, you
must maintain your license at all times during the lease term. You agree to
notify us in writing immediately if: (1) your driver's license authority is
suspended, revoked, canceled, expired, or is limited in any way; (2) the Vehicle
is taken or held by any government authority for any reason; and (3) you are
charged with a crime, driving violation or other violation that could result in
the restriction of your authority to drive or in the Vehicle being taken or held
by any government authority. Failure to notify us is an event of default under
this Lease. These requirements and your promises also apply to each driver who
regularly drives the Vehicle.
REFUNDABLE SECURITY DEPOSIT
The refundable Security Deposit, if required (1) shall not be considered as
rent; (2) must be paid when you sign this Lease; and (3) shall be held by us as
security without interest thereon accruing to your benefit, unless otherwise
required by law. Refund of any amount remaining after all of your obligations
and liabilities under this Lease have been satisfied will be made at the
termination of this Lease, and is subject to offset of any amount that you still
owe us.
TITLE AND REGISTRATION
The Vehicle is duly owned by us and will be titled and registered in our name,
duly recorded, and will bear valid license plates. You do not acquire any right,
title or interest in or to the Vehicle except the right of use, subject to the
terms and conditions of this Lease.
TAXES AND FEES
Unless specifically included in the Monthly Lease Payments and subject to
adjustments made because of changes in laws or regulations, you will pay when
due: (1) all sales, use, excise, personal property, ad valorem or other taxes,
except our income taxes; (2) all assessments, fees and charges payable with
respect to the ownership, possession, rental, transportation or delivery of the
Vehicle; (3) all fees and expenses resulting from licensing, registration,
inspection or other governmental requirements, now or hereafter existing; and
(4) all fees, assessments and charges resulting from you moving to another
location within the continental United States.
INSURANCE
a. You shall be responsible for obtaining and maintaining insurance coverage
with a duly licensed insurer acceptable to us. All insurance shall be in force
continuously during the lease term from the time the Vehicle is delivered to you
until the Vehicle is returned to us. Such [ILLEGIBLE]. If the Lease is
terminated under this section and we do not receive insurance proceeds to
compensate for the total loss of the Vehicle, then the charges described in the
EARLY TERMINATION AND DEFAULT CHARGES section will apply.
INDEMNITY
To the fullest extent permitted by law, you will indemnify and hold us free and
harmless from any liability, judgment, loss, cost, theft, damage or expense,
including reasonable attorneys' fees which we may suffer or incur as a result of
any claim by any person(s), including, but not limited to, you or your agents or
employees, arising out of, or resulting from, the manufacture, delivery, actual
or alleged ownership, performance, use, operation, possession, selection,
leasing or return of the Vehicle and the cargo or contents thereof, whether such
claim is based on negligence, breach of contract, breach of warranty, absolute
liability or otherwise.
CONFISCATION
Upon the confiscation of the Vehicle by a governmental agency as a result of the
alleged illegal use of such Vehicle, or for any other reason, you agree to
reimburse us as described in the EARLY TERMINATION AND DEFAULT CHARGES section,
and for such other expenses as we may incur as a result of such confiscation.
TRANSFER OF INTERESTS
YOU AGREE TO DEFEND OUR TITLE TO THE VEHICLE. YOU PROMISE NOT TO ASSIGN,
TRANSFER, SUBLEASE OR PLEDGE YOUR RIGHTS UNDER THIS LEASE TO ANY OTHER PERSON OR
ENTITY, OR TO GIVE ANYONE OR ALLOW ANYONE TO OBTAIN A SECURITY INTEREST OR LIEN
IN THE VEHICLE UNDER THIS LEASE.
You understand and agree that we may assign or transfer our rights under this
Lease and upon notification to you of such action, you agree to make payments as
due to the Assignee.
GOVERNING LAW
THIS LEASE AND ANY AGREEMENT CREATED IN CONNECTION WITH THIS LEASE WILL BE
CONSTITUTED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE WHERE YOU
RESIDE AT THE TIME THIS LEASE IS SIGNED.
NOTICE TO MOTOR VEHICLE LESSEE
Federal Law requires that you disclose the mileage to us in connection with the
transfer of ownership. Failure to complete an odometer disclosure statement and
return it to us or making a false statement may result in fines and/or
imprisonment. Therefore, it is important that you complete and return to us the
odometer disclosure statement when the Lease terminates.
You will be provided an odometer disclosure statement to complete prior to the
termination of the Lease.
LATE CHARGES
Unless prohibited by law, you agree to pay a Late Charge on any Monthly Lease
Payment which is overdue by more than 10 days equal to 5% of the amount of the
later payment or $25, whichever is less. If this Lease is governed by North
Carolina law, you agree to pay a Late Charge on any Monthly Lease Payment which
is overdue by more than 15 days equal to 4% of the amount of the payment that is
past due. If your delinquency requires additional collection costs or activity,
we may also collect a charge based on the costs we incurred (and on any
applicable state law), unless prohibited by law.
DEFAULT
At our option, we may terminate this Lease before the end of its term under any
of the conditions listed below. These conditions are also conditions of default.
(1) You do not make a payment when it is due;
(2) You fail to keep any promises you make in connection with this
Lease;
(3) You are the subject of a proceeding in bankruptcy, dissolution,
receivership, or insolvency against you or your property, or you
[ILLEGIBLE]
FREEDOM LEASE(R) Closed End Vehicle Lease Agreement Consumer Paper
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VEHICLE DESCRIPTION
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MODEL YEAR 97
MAKE TOYOTA
MODEL 4RUNNER
PRIMARY DRIVER DISPLAY ARTS INC
VIN NO. XX0XX00XXX0000000
BEGINNING MILEAGE 5
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ACCOUNT NUMBER _________________________
OPTIONAL MECHANICAL BREAKDOWN PROTECTION
By initialing below, you have decided to purchase optional Mechanical Breakdown
Protection ("MBP") coverage. You understand that this coverage is NOT required
under the Lease. MBP covers the repair of certain major mechanical breakdowns of
the Vehicle. This protection ends N.A. months from the date of delivery or when
the Vehicle's odometer shows N.A. miles, whichever occurs first. You have
reviewed a copy of the contract, describing the terms and protections of the
MBP. A copy of the completed contract will be sent to you as soon as
practicable.
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MONTHLY LEASE PAYMENT
EACH MONTHLY LEASE PAYMENT CONSISTS OF:
a. Monthly Rental ...................................... $ 331.87
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b Sales/Use Tax ....................................... $ 19.91
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c. ______________ ...................................... $ N/A
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d. ______________ ...................................... $ N/A
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Total Monthly Lease Payment (a + b + c + d) ................... $ 351.78
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AMOUNT DUE WHEN YOU SIGN
BASIC AMOUNT DUE WHEN YOU SIGN:
e. First Monthly Lease Payment ......................... $ 351.78
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f. Refundable Security Deposit ......................... $ N/A
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g. Subtotal (e + f) .................................... $ 351.78
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OTHER CHARGES PAYABLE WHEN YOU SIGN (If Applicable)
h. Capitalized Cost Reduction (Cash) ................... $ 2800.00
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i. Capitalized Cost Reduction (Trade) .................. $ N/A
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j. Tax on Capitalized Cost Reduction ................... $ 168.00
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k. Sales Tax ........................................... $ N/A
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l. Registration Fees ................................... $ 104.00
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m. TN LOCAL TAXES ...................................... $ 96.99
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n. Other MISC UPFRONT FEES ............................. $ N/A
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o Subtotal (h + i + j + k + l + m + n) ................ $ 3168.99
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TOTAL AMOUNT DUE WHEN YOU SIGN (g + o) ........................ $ 3520.77
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TERM
The term of this Lease is for 39 months. You agree that the first monthly
payment is due the day this Lease is signed and that all subsequent payments are
due on the 30TH day of each month thereafter.
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[ILLEGIBLE]
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By signing this Lease, you acknowledge and accept delivery of the Vehicle
described in this Lease. You acknowledge having a reasonable opportunity to
inspect the Vehicle, that it is in acceptable condition, and that it has all of
the options and features that you requested.
LEASE DATE (DELIVERY DATE) 08/30/97
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(2) It is your obligation to repair any damage resulting from the removal of a
cellular phone or radar detector or other similar type of equipment. Repairs of
such damage are subject to our approval and acceptance.
(3) The amount of your Monthly Lease Payment was determined by us, in part, on
your using the Vehicle within the permitted mileage limitations as set forth in
the PERMITTED AVERAGE MONTHLY MILEAGE section. For excess mileage you agree to
pay us $.14 per mile.
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ENTIRE AGREEMENT
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This Lease constitutes the entire agreement between you and us, and no other
agreement on any way modifying any of the terms hereof will be binding upon us
unless made in writing and signed by us. All prior proposals, negotiations and
representations, if any, made with reference hereto are merged herein. If any of
the provisions hereof are determined to be unenforceable, invalid or illegal,
the remaining provisions of this Lease will not be affected.
/s/ Display Arts /s/ [ILLEGIBLE]
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Signature of Lessee Signature of Co-Lessee
By: By:
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Title: President Title:
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NOTICE TO MICHIGAN LESSEES - EARLY TERMINATION CHARGE
In the event this Lease is terminated prior to the end of its term, the charge
for early termination determined by us may be different than the actual cash
value of the Vehicle which may be determined by the insurer of the Vehicle. You
will be required to pay the difference between our charges on early termination
and the insurer's actual cash value.
By your initials, you acknowledge and agree that you have read and understand
this notice.
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LESSEE'S INSURANCE
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any exclusions, must be reasonably acceptable to us. You shall bear the cost of
the insurance with at least the following minimum insurance coverage limits:
(1) Liability for bodily injury or death of (i) $100,000 each person and
$300,000 each accident, or (ii) $300,000 combined single limit
coverage;
(2) Liability for property damage of $50,000 for each accident;
(3) Collision and upset, subject to a maximum $500 deductible;
(4) Fire, theft and comprehensive (for passenger cars), or fire, theft
and combined additional insurance (for trucks); and
(5) Uninsured motorist coverage and/or personal injury protection as
required by the law in the state where the Vehicle is kept.
b. You shall furnish us a certificate of insurance, evidencing the issuance of a
policy or policies for the Vehicle which complies with the terms of this Lease.
You shall at all times comply with all of the conditions of the insurance
policy. In the event that the insurance coverage is not obtained, the Vehicle
shall not be used by you and will be returned to and stored by us at your
expense, until the proper coverage is obtained, or, at our option, we may obtain
coverage to protect the Vehicle at your expense.
c. We shall be named as Additional Insured and as Loss Payee in all policies
covering the Vehicle.
d. You shall: (1) promptly report to us in writing (i) all accidents, damage to
the Vehicle and collisions, irrespective of fault, injury, loss or damage and
(ii) any suit, demand or claim, whether or not justified; and (2) cooperate
fully with us and the insurer in all accident investigations, claim and
litigation procedures.
e. You will release to us all insurance proceeds for loss or damage to the
Vehicle. You will pay for all repairs that are not covered by Insurance
proceeds. In the event of a total loss, your responsibility will be determined
as agreed in the VEHICLE THEFT, LOSS OR DESTRUCTION section.
f. You shall pay us upon demand any disbursement we make on your behalf under
this section.
PRESUMPTION OF GOOD CONDITION
It shall be conclusively presumed that the Vehicle, upon the delivery and
acceptance by you, is in good order and repair for all purposes in your dealings
with us.
WARRANTIES
The Vehicle is subject to the manufacturer's standard written new vehicle
warranty. This Lease does not impair your rights under that warranty.
You expressly agree and understand that you have selected and agreed to lease
the Vehicle "AS IS." Even though the Vehicle is subject to the manufacturer's
warranty, WE, THE LESSOR, MAKE NO WARRANTY EITHER EXPRESS OR IMPLIED, AS TO THE
CONDITION OF THE VEHICLE OR ANY PART OR ACCESSORY OF THE VEHICLE, ITS
MERCHANTABILITY OR FITNESS OR ANY PARTICULAR PURPOSE, or as to any obvious or
hidden defects in material, workmanship or otherwise. No such defect or
unfitness shall in any way affect your obligations to comply with the terms of
this Lease.
MAINTENANCE, REPAIRS AND OPERATING EXPENSES
You, at your sole cost and expense, will: (1) maintain the Vehicle in accordance
with the manufacturer's maintenance schedule and have documentation as proof;
(2) immediately make all necessary and required repairs and purchase only
manufacturer approved parts which will accrue to our benefit and become our
property; (3) pay all costs and expenses of whatever nature resulting from the
use and operation of the Vehicle, including, but not limited to, expenses for
gasoline, oil, lubrication, antifreeze, adjustments, tune-ups, repairs, tires,
tubes, storage, parking, washing, tools, tolls, fines, towing and servicing of
any kind; and (4) comply with all recall notices.
VEHICLE THEFT, LOSS OR DESTRUCTION
If the Vehicle is stolen and not recovered, lost or otherwise totally destroyed,
this Lease will, at our option: (1) terminate, subject to the special Early
Termination liability provisions in this section; or (2) continue with a
substitute Vehicle of equal value and comparable condition, mileage and
accessories.
If the Lease is terminated under this section and we receive the insurance
proceeds to compensate for the total loss of the Vehicle, then you agree to pay
the following Early Termination charges rather than the charges in the EARLY
TERMINATION AND DEFAULT CHARGES section: (1) You will immediately pay us all
Monthly Lease Payments that are past due at the time of early termination, plus
any other amounts that are past due under this Lease; and (2) you will also
immediately pay us the amount of any deductible that was subtracted from the
insurance proceeds we received for the total loss of the Vehicle.
[ILLEGIBLE] Lease, or the insurance company refuses to insure you or
others operating the Vehicle;
(5) You have made any material misrepresentations on your Lease
Application concerning credit or insurance information;
(6) Your driver's license is suspended, revoked, canceled, or is
otherwise restricted;
(7) YOU ASSIGN, TRANSFER, OR SUBLEASE THE VEHICLE;
(8) You fail to return the Vehicle at the end of the lease term or
earlier as agreed in this Lease;
(9) You die or are declared incompetent;
(10) You fail to notify us in writing within thirty days after you move.
If you default, we will have all the rights and remedies provided by law. We
will have the right to xxx you for damages, terminate the Lease and take the
Vehicle without prior demand unless otherwise provided by law. We may require
you to return the Vehicle or make it available to us at a location that is
reasonably convenient for both of us. If we take the Vehicle, we may enter the
premises where the Vehicle is stored and remove it. However, we may not breach
the peace or unlawfully enter onto your premises in doing so. We may take any
property in the Vehicle at the time of retaking and hold it for you. Our
retaking of the Vehicle does not release you from any obligation under the
Lease.
EARLY TERMINATION AND DEFAULT CHARGES
a. We may terminate this Lease at any time if you are in default. If you are not
in default, you can terminate this Lease at any time. Unless otherwise provided
in the VEHICLE THEFT, LOSS OR DESTRUCTION section, the following charges apply
if this Lease is terminated (by you or by us) before the end of the scheduled
lease term.
On early termination you will pay the sum of:
(1) A $250 Administration Fee;
(2) All Monthly Lease Payments and any other amounts that are due or
past due at the time of early termination;
(3) Any official fees and taxes imposed in connection with the Lease;
(4) The remaining Lease payments plus the estimated value of the Vehicle
at the end of the scheduled lease term, discounted by the present
value of the original yield of the Lease;
(5) Any reasonable court costs, attorneys' fees and other collection
costs that we pay to recover and/or sell the Vehicle, unless
prohibited by law. (We will not collect attorneys' fees if this
Lease is governed by North Dakota law.);
(6) An ET Charge equal to the number of Monthly Rental payments is shown
in the chart below, which is based on the percentage of months in
the lease term which have expired (this percentage is calculated by
dividing the number of months expired in the Lease term by the total
number of months in the Lease term).
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% of Months in Leased ET Charge = Monthly Rental
Term Expired amount X this Number
If the original term is 0-36 months:
0 - 50% 1.00
51 - 75% 0.75
76 - 89% 0.50
90 - 100% 0.00
If the original term is 37-48 months:
0 - 50% 1.50
51 - 75% 1.25
76 - 89% 1.00
90 - 100% 0.00
If the original term is 49-60 months:
0 - 50% 1.75
51 - 75% 1.50
76 - 89% 1.25
90 - 100% 0.00
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Once the Vehicle is returned or recovered, we will sell it in a commercially
reasonable manner. We will compare the sale price with the sum of items (1)
through (8) above. If the sale price is less than the sum of items (1) through
(8), you will pay us the difference. You agree that we may use your refundable
Security Deposit to help pay this amount.
b. The charges in this section take into account the value of the Vehicle. If
you do not agree with the value we assign to it, you may get a professional
appraisal of its wholesale fair market value at the time of sale. We must both
agree to the neutral third party appraiser that you use. You agree to pay for
the appraisal. If you get an appraisal, we will use the appraised value as the
Vehicle's "sale price" to figure your total charges for early termination.
FEES AND TAXES
Total estimated amount you will pay during the lease term for official fees,
registration, certificate of title, license fees and taxes $1379.48
OPTIONS TO PURCHASE
You have the following options to purchase the Vehicle:
- Option One - Before the End of the Lease Term. You may purchase the Vehicle at
any time during the lease term if at the time: (1) the Lease has not already
been terminated; (2) all payments and monies then due have been paid; and (3)
you are not otherwise in default on the Lease. The purchase price of the Vehicle
may be obtained by calling us. The purchase price will be the sum of items (1)
through (6) in the EARLY TERMINATION AND DEFAULT CHARGES section, subsection a.
You also agree to pay any sales and any other taxes, official fees and the
amounts necessary to prepare the Vehicle to conform with any legal requirements
for sale.
Option Two - End of the Lease Term. If the Lease has not been terminated and all
payments and monies due under the terms of the Lease have been paid, you will
have the option to purchase the Vehicle at the end of the lease term for
$22228.00. In addition to this purchase price, you will pay any sales and any
other taxes, official fees and the amounts necessary to prepare the Vehicle to
conform with the legal requirements for sale. In order to exercise this option,
you must notify us in writing at least 60 days before the end of lease term.
OPTIONS AT END OF THE LEASE TERM
You have the following options at the end of the scheduled Lease term:
- Option One - Purchase the Vehicle. If the Lease has not been terminated and
all payments and monies due under the terms of the Lease have been paid, you
will have the option to purchase the Vehicle at the end of the lease term as
described in the OPTIONS TO PURCHASE section, Option Two - End of the Lease
Term.
- Option Two - Return the Vehicle. If you have not terminated early, or chosen
to purchase the Vehicle, you agree to return it on the last day of the scheduled
lease term. You agree to return the Vehicle to a location acceptable to us. For
your convenience, you may return the Vehicle up to 7 days before the end of the
scheduled lease term. Returning the Vehicle during this convenience period will
not result in any early termination credits or charges.
At the time you return the Vehicle, or as soon as the charges can reasonably be
determined, you agree to pay: (i) a $350.00 Vehicle Return Charge; (2) the costs
we incur to make any necessary repairs, replacements and other charges so that
the Vehicle meets the standards in the STANDARDS OF WEAR AND TEAR section
(below); (3) any excess mileage charges due under the STANDARDS OF WEAR AND TEAR
section; and (4) any other amounts due and payable under this Lease.
STANDARDS OF WEAR AND TEAR
If you return the Vehicle at the end of the scheduled lease term (see OPTIONS AT
END OF THE LEASE TERM, Option Two - Return the Vehicle), we will apply the
following standards and charges for excess wear and use:
(1) Except for reasonable wear and use, the Vehicle will be in good condition
together with all original accessories and options when returned. The Vehicle
must pass any inspection then required by law. The odometer must reflect the
actual mileage. In the event (i) the Vehicle shows any evidence that the
odometer has been adjusted, altered, disconnected or otherwise tampered with or
(ii) the actual mileage cannot be determined due to the mechanical failure of
the odometer, the Vehicle's actual mileage (used to figure excess mileage
charges) shall be determined by adding 100,000 miles to the mileage then showing
on the odometer. The Vehicle will have a matching set of tires with at least 25%
of the tread remaining. The engine, drive train and other mechanical and
electrical parts shall operate properly and not be damaged. There will be no
scratches, dents, pits, rust areas, mismatches of paint or cracks in the
fenders, bumpers, grill, hood, trunk or roof. There will be no cracks in the
windshield or windows and the interior will not be damaged. No special
identification will appear on the Vehicle.
[ILLEGIBLE]
Insurance is provided by:
Insurance Company: AllState
Policy Number 03003 6646
Agent's Name Xxxx Xxxxx
Agent's Tel. Number 755-4100
Name of Lessee Insured DISPLAY ARTS INC
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You acknowledge that the above information is true and correct. You authorize
the Lessor, its Assignee, and their agents to verify this information with the
above insurance company at any time during the Lease term. You also agree to
notify us in writing if any of this information changes.
/s/ Display Arts /s/ [ILLEGIBLE]
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Lessee Co-Lesse
By: /s/ [ILLEGIBLE] By:
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Title: Title:
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INITIAL FOR BUSINESS PURPOSE LEASE
By initialing below, you represent that the Vehicle will be used primarily for
BUSINESS purposes. This representation replaces all promises in this Lease that
the Vehicle is used primarily for personal, family or household use. (See
VEHICLE USE AND AUTHORITY TO OPERATE section.) You understand that we are
relying on your representation to create the terms of this Lease.
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SIGNATURES
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YOU AGREE TO ALL THE PROVISIONS ON BOTH SIDES OF THIS LEASE AND YOU REPRESENT
THAT YOU HAVE READ BOTH SIDES OF THIS LEASE. DO NOT SIGN THIS AGREEMENT UNLESS
ALL BLANK SPACES ARE COMPLETED. YOU ALSO ACKNOWLEDGE THAT YOU HAVE RECEIVED A
COMPLETED COPY OF THIS AGREEMENT. THIS AGREEMENT IS NOT VALID UNLESS SIGNED BY
BOTH LESSOR AND LESSEE. IF THERE ARE TWO OR MORE LESSEES, YOU ARE JOINTLY AND
SEVERALLY LIABLE FOR THE OBLIGATIONS UNDER THIS LEASE.
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LESSEE
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NAME DISPLAY ARTS INC
STREET 00 X. XXXX XX
XXXX XXXXXXX XXXXX XX XXX 00000
/s/ Display Arts Inc
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Signature of Lessee
By: [ILLEGIBLE] Title:
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CO-LESSEE
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NAME XXXXXXX X. XXXXXXX
STREET 000 X. XXXX
XXXX XXXXXXX XXXXX XX XXX 00000
/s/ [ILLEGIBLE]
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Signature of Co-Lessee
By: Title:
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LESSOR
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NAME BANK ONE KENTUCKY VEH LEASING
STREET P.O. BOX 37363
CITY LOUISVILLE STATE KY ZIP 40232-7363
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Signature
BY: /s/ Xxxxxxx X. Xxxx
TITLE: [ILLEGIBLE]
BANK ONE is an affiliate of BANC XXX XXXXXXXXXXX, Xxxxxxxx, XX
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