EXHIBIT B
A. Hard Assets (as per schedule of assets previously
furnished to Purchaser).
B. Intellectual Properties.
The name "Netcruise", the logo and the design of the name "NetCruise", the
Internet address "XXX.XxxXxxxxx.xxx", the graphics and layout of any of the
Cruise related web pages
and designs.
C. License.
The exclusive, worldwide and perpetual License to use the Technology for all
travel related applications (but for no other applications whatsoever), which
worldwide and perpetual License was granted and has been confirmed by a writing
between United Leisure Corporation and seller dated June 19, 1998, a copy of
which is attached to the within Asset Purchase Agreement as Exhibit A thereto.
Seller makes no other representations or warranties of any kind, express or
implied, with respect to the License or the Assets (including the intellectual
properties), including, without limitation, representations or warranties of
merchantability, fitness for a particular purpose, patentability or non--
infringement.
D. The name "United Leisure Interactive" and any rights
associated therewith.
SCHEDULE OF ASSETS
Cisco router, 2514
CSU/DSU (Adtran)
Sun Sparc-20
External Disk Unit
Monitor
Keyboard
Mouse wlpad
8mm Tape Backup Sun Sparc-S
Monitor
Keyboard
4mm Tape Backup (no cable)
UPS
Cable to Sparc-20
Epson page scanner
Archive stack 4mm tape deck Networker software
Yamaha CD writer
"The Key"
2 video tapes
interface adapter
Netcruise
Multiple MPEG CD's Source video tapes
1/4" Video source tapes
35mm Slides of cabins and various related pictures UFD Trailer Reel Video Tape
All cruise video master footage 8 - PC computers 2 -IBM laptop computers 4
-printers 1 -color printer Software Solaris Operating system Sparc-20 Solaris
Operating system Sparc-S Netscape Server With upgrades inc: Suite Spot Software
live wire Informix Database Proxy Server Mail Server News Server Catalog Server
Directory Server Caiendar Server Powerchute Software upgraded for Sparc-S
Firewall 1 FaxPac Faxing software other misc. assorted software
Other Misc hardware and manuals/books and documentation as delivered from
vendors including patches as delivered from vendor
UNITED LEISURE INTERACTIVE ANALYSIS
1995 1996 1997 1998 TOTAL
(5 MOS)
Payroll expenses 90000.00 10000.00 19000.00
Consulting fees 71000.00 210618.00 200829.00 86025.00 568472.00
Health Insurance 396.60 174.37 570.97
Payroll taxes 989.50 989.50
Workers' Comp Ins 103.68 103.68
Accounting services 4000.00 24000.00 24000.00 10000.00 62000.00
Auto expenses 194.64 703.27 14.76 912.67
Supplies 3941.60 195.48 4137.08
Equipment rental 7200.00 7200.00
Repair & Maintenance 175.00 175.00
Insurance 100.00 20.83 120.83
Property tax 437.13 363.95 801.08
Rent 5174.00 3104.00 31044.00 13194.00 80456.00
Advertising 107.84 644.00 751.84
Promotion 1423.98 326.00 344.00 2093.98
Bank charges 10.25 20.00 30.25
Computer expenses 644.66 5227.41 5650.06 3814.99 15337.12
Dues & subscriptions 31.94 218.00 249.94
Legal fees 2459.50 20174.95 11591.50 2500.00 36725.95
Licenses 1374.40 780.06 344.75 2499.21
Office expenses 2495.66 14443.70 15391.25 6756.23 39086.84
Postage 327.00 78.13 13.50 418.63
State Franchise Taxes 50.00 50.00 850.00 950.00
Telephone 1332.06 10787.13 5799.88 750.33 18669.38
Travel 16930.55 3269.62 734.17 20934.34
Software development costs 124746.12 124746.12
Interest expense 33.47 33.47
Computer equipment 25108.06 37518.17 13838.21 169.00 76633.44
