BILL OF SALE
SMART ONLINE, INC., a Delaware corporation
(“Seller”), for the sum of $200,000.00 (the “Purchase Price”), the receipt and
sufficiency of which is hereby acknowledged, does hereby sell, transfer, assign,
convey and deliver to Crystal Management Ltd., as agent (“Purchaser”), for the ratable benefit of
the holders of the Seller’s Convertible Secured Subordinated Promissory Notes
(the “Notes”), all of Seller’s right, title and interest in and to the and
equipment and other personal property listed on Schedule I, attached
hereto (collectively, the “Personal Property”). The Purchase Price represents a
reduction, on a ratable basis, in outstanding principal amount of the Notes,
effective as of the date hereof.
Purchaser acknowledges and agrees that
the Personal Property is being sold, transferred, assigned, conveyed and
delivered “AS IS, WHERE IS”. Seller makes no representation or
warranty, express or implied, as to the fitness, merchantability, design,
condition, capacity, performance, or other aspects of the Personal
Property. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ALL
IMPLIED OR EXPRESS WARRANTIES, ARISING UNDER THE UNIFORM COMMERCIAL CODE OR
UNDER ANY OTHER APPLICABLE LAW INCLUDING THOSE OF MERCHANTABILITY AND FITNESS
FOR A PARTICULAR PURPOSE, ARE HEREBY DISCLAIMED BY SELLER IN THEIR
ENTIRETY.
IN
WITNESS WHEREOF, Xxxxxx and Purchaser have caused this instrument to be duly
executed as of the 4th day of September 2009.
SCHEDULE
I
PERSONAL
PROPERTY
Asset
Number
|
Asset Description 1
|
|
162
|
1200-Development
/ Customer Support cubicles
|
|
163
|
1201-CEO
furniture
|
|
164
|
1204-Break
table green top / black
|
|
165
|
1203-Break
table green top / black
|
|
166
|
1202-Break
table green top / black
|
|
167
|
1205-Buffet
credenza cherry
|
|
168
|
1207-Coffee
table square maple
|
|
169
|
1206-Coffee
table square maple
|
|
170
|
1208-Conference
table, Amsterdam room, cherry
|
|
171
|
1220-Executive
desk cherry
|
|
172
|
1219-Executive
desk cherry
|
|
173
|
1218-Executive
desk cherry
|
|
174
|
1217-Executive
desk cherry
|
|
175
|
1216-Executive
desk cherry
|
|
176
|
1215-Executive
desk cherry
|
|
177
|
1214-Executive
desk cherry
|
|
178
|
1213-Executive
desk cherry
|
|
179
|
1212-Executive
desk cherry
|
|
180
|
1211-Executive
desk cherry
|
|
181
|
1210-Executive
desk cherry
|
|
182
|
1209-Executive
desk cherry
|
|
183
|
1221-Executive
desk oak
|
|
184
|
1222-Executive
wrap around desk cherry
|
|
185
|
1224-Executive
wrap around desk w/ cabinets cherry
|
|
186
|
1223-Executive
wrap around desk w/ cabinets cherry
|
|
187
|
1225-Large
conference table board room maple
|
|
188
|
1239-Lateral
2 drawer wood cabinet cherry
|
|
189
|
1238-Lateral
2 drawer wood cabinet cherry
|
|
190
|
1237-Lateral
2 drawer wood cabinet cherry
|
|
191
|
1236-Lateral
2 drawer wood cabinet cherry
|
|
192
|
1235-Lateral
2 drawer wood file cabinet cherry
|
|
193
|
1234-Lateral
2 drawer wood file cabinet cherry
|
|
194
|
1233-Lateral
2 drawer wood file cabinet cherry
|
|
195
|
1232-Lateral
2 drawer wood file cabinet cherry
|
|
196
|
1231-Lateral
2 drawer wood file cabinet cherry
|
|
197
|
1230-Lateral
2 drawer wood file cabinet cherry
|
|
198
|
1229-Lateral
2 drawer wood file cabinet
cherry
|
199
|
1228-Lateral
2 drawer wood file cabinet cherry
|
|
200
|
1227-Lateral
2 drawer wood file cabinet cherry
|
|
201
|
1226-Lateral
2 drawer wood file cabinet cherry
|
|
202
|
1254-Leather
rolling chair-black-board room
|
|
203
|
1253-Leather
rolling chair-black-board room
|
|
204
|
1252-Leather
rolling chair-black-board room
|
|
205
|
1251-Leather
rolling chair-black-board room
|
|
206
|
1250-Leather
rolling chair-black-board room
|
|
207
|
1249-Leather
rolling chair-black-board room
|
|
208
|
1248-Leather
rolling chair-black-board room
|
|
209
|
1247-Leather
rolling chair-black-board room
|
|
210
|
1246-Leather
rolling chair-black-board room
|
|
211
|
1245-Leather
rolling chair-black-board room
|
|
212
|
1244-Leather
rolling chair-black-board room
|
|
213
|
1243-Leather
rolling chair-black-board room
|
|
214
|
1242-Leather
rolling chair-black-board room
|
|
215
|
1308-Mesh
rolling chair-black
|
|
216
|
1299-Mesh
rolling chair-black
|
|
217
|
1298-Mesh
rolling chair-black
|
|
218
|
1297-Mesh
rolling chair-black
|
|
219
|
1296-Mesh
rolling chair-black
|
|
220
|
1295-Mesh
rolling chair-black
|
|
221
|
1294-Mesh
rolling chair-black
|
|
222
|
1293-Mesh
rolling chair-black
|
|
223
|
1292-Mesh
rolling chair-black
|
|
224
|
1291-Mesh
rolling chair-black
|
|
225
|
1290-Mesh
rolling chair-black
|
|
226
|
1289-Mesh
rolling chair-black
|
|
227
|
1288-Mesh
rolling chair-black
|
|
228
|
1287-Mesh
rolling chair-black
|
|
229
|
1286-Mesh
rolling chair-black
|
|
230
|
1285-Mesh
rolling chair-black
|
|
231
|
1284-Mesh
rolling chair-black
|
|
232
|
1283-Mesh
rolling chair-black
|
|
233
|
1282-Mesh
rolling chair-black
|
|
234
|
1281-Mesh
rolling chair-black
|
|
235
|
1280-Mesh
rolling chair-black
|
|
236
|
1279-Mesh
rolling chair-black
|
|
237
|
1278-Mesh
rolling chair-black
|
|
238
|
1277-Mesh
rolling chair-black
|
|
239
|
1276-Mesh
rolling chair-black
|
|
240
|
1275-Mesh
rolling chair-black
|
|
241
|
1274-Mesh
rolling chair-black
|
|
242
|
1273-Mesh
rolling chair-black
|
|
243
|
1272-Mesh
rolling chair-black
|
244
|
1271-Mesh
rolling chair-black
|
|
245
|
1270-Mesh
rolling chair-black
|
|
246
|
1269-Mesh
rolling chair-black
|
|
247
|
1268-Mesh
rolling chair-black
|
|
248
|
1267-Mesh
rolling chair-black
|
|
249
|
1266-Mesh
rolling chair-black
|
|
250
|
1265-Mesh
rolling chair-black
|
|
251
|
1264-Mesh
rolling chair-black
|
|
252
|
1263-Mesh
rolling chair-black
|
|
253
|
1262-Mesh
rolling chair-black
|
|
254
|
1261-Mesh
rolling chair-black
|
|
255
|
1260-Mesh
rolling chair-black
|
|
256
|
1259-Mesh
rolling chair-black
|
|
257
|
1258-Mesh
rolling chair-black
|
|
258
|
1257-Mesh
rolling chair-black
|
|
259
|
1256-Mesh
rolling chair-black
|
|
260
|
1301-Refrigerator
Whirlpool
|
|
261
|
1300-Refrigerator
Whirlpool
|
|
262
|
1304-Wall
mount television
|
|
263
|
1303-Wall
mount television
|
|
264
|
1302-Wall
mount television
|
|
265
|
1305-Cubicle
seating area
|
|
266
|
1306-Privacy
panel Customer Support
|
|
267
|
1307-XX
xxxxx segment picture
|
|
268
|
1255-Mesh
rolling chair-black
|
|
269
|
1309-RM
annular design picture
|
|
270
|
1310-RM
floral patch picture
|
|
271
|
1311-RM
lineage picture
|
|
272
|
1312-XX
xxxxxxx restful picture
|
|
273
|
1313-Xxx
Xxxxxx world picture
|
|
274
|
1314-RM
subdivision picture
|
|
275
|
1315-RM
textured motif picture
|
|
276
|
1316-RM
central park picture
|
|
277
|
1318-NMW
Louw floral picture
|
|
278
|
1317-NMW
Louw floral picture
|
|
279
|
1319-RM
Z SQ blocks picture
|
|
283
|
36"
diameter wood conference top xxxxxx xxxxxx
|
|
286
|
Arm
chair blue /cherry trim
|
|
287
|
Arm
chair xxxxx wave xxxx / oak trim
|
|
288
|
Arm
chair metal gray / black
|
|
289
|
Arm
chair tan cloth / oak trim
|
|
290
|
Arm
chair wave design / maple trim
|
|
291
|
Bookshelf
(5 shelf) cherry
|
|
292
|
Bookshelf
(5 shelf) oak
|
|
293
|
Bookshelf
(6 shelf) oak
|
294
|
Bookshelf,
3 shelf on file cabinet, cherry
|
|
299
|
Column
wood pedestal stand cherry
|
|
300
|
Computer
desk cherry
|
|
301
|
Computer
desk no file drawers cherry/blk
|
|
302
|
Computer
desk w/2 file cabinets cherry
|
|
303
|
Computer
wrap around desk w / 2 drawer file maple
|
|
304
|
Credenza
w 4 file cabinets oak
|
|
305
|
Dry
erase cabinet cherry
|
|
311
|
Guest
chair floral design / maple trim
|
|
312
|
Guest
chair with geo dots / cherry trim
|
|
315
|
Lateral
2 drawer metal file cabinet cream/puddy
|
|
316
|
Lateral
3 drawer metal file cabinet cream
|
|
317
|
Lateral
4 drawer metal filing cabinet cream puddy
|
|
318
|
Lateral
5 drawer metal filing cabinet cream
|
|
320
|
Limerick
stacking chair-black/metal
|
|
322
|
Metal
storage cabinet (tall) cream
|
|
325
|
National
Xxxxxx bookcase 66" 5 shelf cherry
|
|
336
|
Refurnish
furniture
|
|
337
|
Rolling
chair (cloth) tan
|
|
338
|
Rolling
vertical filing cabinet 2 drawer puddy
|
|
339
|
Rolling
vertical metal filing 2 drawer,1file puddy
|
|
340
|
Rolling
vertical metal filing cabinet 2 drawer blk
|
|
341
|
Round
pedestal table (4') cherry
|
|
342
|
Side
chair geo weave / maple trim
|
|
343
|
Small
rolling vertical metal filing cabinet black
|
|
345
|
Stacking
side chair-black/metal
|
|
351
|
Vertical
2 drawer metal filing cabinet cream
|
|
352
|
Vertical
4 drawer metal filing cabinet cream
|
|
24
|
1022-HP
Laserjet 4250
|
|
25
|
1023-Phaser
Xerox
|
|
27
|
1025-HP
Designjet 110 Plus
|
|
93
|
1096-Toshiba
4511 copier
|
|
107
|
1112-Phaser
Xerox
|
|
113
|
0000-0XXX
switch telephone equipment
|
|
114
|
0000-0XXX
switch telephone equipment
|
|
000
|
0000-X0000
telephone equipment
|
|
000
|
0000-XXXXXX
telephone equipment
|
|
117
|
0000-0XXX
telephone equipment
|
|
347
|
Telephone
sets
|
|
2
|
1000-Optiplex
755 desktop lease 003
|
|
3
|
1001-Optiplex
755 desktop lease 003
|
|
4
|
Dell
Latitude D630 laptop
|
|
5
|
1003-Optiplex
320 desktop
|
|
6
|
1004-Optiplex
755 desktop
|
|
7
|
1005-DX2000MT
desktop
|
8
|
1006-Vostro
200 desktop
|
|
9
|
1007-Dell
Latitude D830 laptop lease 003
|
|
10
|
1008-Vostro
1500 laptop
|
|
11
|
1009-Dell
Latitude D630 laptop
|
|
12
|
1010-Vostro
200 desktop
|
|
13
|
1011-DX2000MT
desktop
|
|
14
|
1012-Vostro
1500 laptop
|
|
15
|
1013-Optiplex
755 desktop lease 001
|
|
16
|
1014-Optiplex
755 desktop lease 003
|
|
17
|
1015-Dell
Latitude D420 laptop
|
|
18
|
1016-Dell
Latitude D830 laptop
|
|
19
|
1017-Vostro
1500 laptop
|
|
20
|
1018-Optiplex
755 desktop lease 003
|
|
21
|
1019-Vostro
200 desktop
|
|
22
|
1020-Dell
Latitude D830 laptop
|
|
26
|
1024-Vostro
200 desktop
|
|
28
|
1026-Dell
Latitude D830 laptop
|
|
29
|
1027-Dell
Latitude D630 laptop
|
|
30
|
1028-Dell
Latitude D830 laptop
|
|
31
|
1029-Dell
Latitude D830 laptop-lease 003
|
|
32
|
1030-Dell
Latitude D530 laptop
|
|
33
|
1031-Optiplex
755 desktop lease 003
|
|
34
|
1033-DX2000MT
desktop
|
|
35
|
1034-Dell
Latitude D420 laptop
|
|
36
|
1035-Optiplex
755 desktop
|
|
38
|
1037-Optiplex
755 desktop lease 003
|
|
60
|
1059-Dell
Poweredge 2950 server
|
|
62
|
1061-Dell
RS200
|
|
63
|
1062-Dell
RS200
|
|
64
|
1063-Dell
RS200
|
|
65
|
1064-Dell
Poweredge 2950 server
|
|
68
|
1067-HP
Pavilion desktop
|
|
69
|
1068-HP
Compaq desktop
|
|
73
|
1072-HP
Vectra
|
|
75
|
1074-Dell
Dimension desktop
|
|
76
|
1075-HP
Compaq desktop
|
|
78
|
1081-HP
Proliant DL145
|
|
79
|
1077-HP
Proliant DL145
|
|
81
|
1083-Exabyte
VXA-2 Packetloader
|
|
82
|
1324-Tripp
Smart UPS model 3000
|
|
83
|
1323-Tripp
Smart UPS model 3000
|
|
84
|
1322-Tripp
Smart UPS model 3000
|
|
85
|
1321-Tripp
Smart UPS model 3000
|
|
86
|
1325-Tripp
Smart UPS model 3000
|
|
90
|
1093-Dell
RS 200
|
91
|
1094-Dell
RS 200
|
|
108
|
1114-ASA01
Cisco 5 Series
|
|
110
|
1116-Cisco
RTPINET01 router 2621
|
|
111
|
1117-Cisco
Catalyst 4506 switch
|
|
112
|
1118-3COM
switch
|
|
118
|
1124-Optiplex
755 desktop lease 003
|
|
119
|
1125-Optiplex
320 desktop
|
|
120
|
1127-DX2000MT
desktop
|
|
121
|
1128-Optiplex
755 desktop
|
|
122
|
1129-Dell
Latitude D830 laptop
|
|
123
|
1130-Optiplex
755 lease 003
|
|
124
|
1131-Optiplex
755 desktop
|
|
126
|
1133-Optiplex
755 desktop lease 001
|
|
127
|
1137-Vostro
200 desktop
|
|
129
|
1139-Vostro
200 desktop
|
|
130
|
1140-Vostro
200 desktop
|
|
131
|
1141-Optiplex
755 desktop lease 003
|
|
132
|
1142-Optiplex
755 desktop lease 003
|
|
133
|
1143-Optiplex
320 desktop
|
|
134
|
1144-Precision
desktop
|
|
135
|
1145-Optiplex
320 desktop
|
|
136
|
1146-Optiplex
320 desktop
|
|
137
|
1148-Optiplex
755 desktop
|
|
138
|
1149-Optiplex
755 desktop
|
|
139
|
1150-Optiplex
320 desktop
|
|
140
|
1152-DX2000MT
desktop
|
|
141
|
1153-Vostro
200 desktop
|
|
143
|
1155-Optiplex
755 desktop
|
|
144
|
1156-Dell
Latitude D830 laptop lease 003
|
|
145
|
1157-Dell
Latitude D500 laptop
|
|
146
|
1158-Dell
Latitude D830 laptop lease 003
|
|
147
|
1159-Dell
Inspiron 1501 laptop
|
|
148
|
1160-IBM
Thinkpad Tablet X41 laptop
|
|
149
|
1161-Dell
Latitude D830 laptop lease 003
|
|
150
|
1162-Dell
Latitude D830 laptop lease 003
|
|
151
|
1163-Dell
Inspiron laptop
|
|
152
|
1164-Dell
Latitude D830 laptop lease 003
|
|
154
|
1166-Vostro
1500 laptop
|
|
155
|
1168-Vostro
200 desktop
|
|
156
|
1169-Dell
Latitude D830 laptop lease 003
|
|
158
|
1171-Optiplex
755 desktop lease 003
|
|
159
|
1172-Vostro
1500 laptop
|
|
160
|
1173-Dell
Latitude D830 laptop
|
|
280
|
1320-Cisco
RTPAP wireless AP 1240
|
|
319
|
1161-Dell
Latitude D830 laptop
|
327
|
1036-Optiplex
755 desktop
|
|
328
|
1035-Optiplex
755 desktop
|
|
329
|
1002-Optiplex
755 desktop
|
|
333
|
HP
Pavilion A230n desktop
|
|
326
|
NBX
6.0.59 software
|
|
335
|
Quickbooks
Enterprise software
|
|
346
|
Symantec
anti-virus software
|
|
23
|
1021-Apple
IMAC desktop
|
|
37
|
1036-Apple
Powerbook laptop
|
|
39
|
1038-IBM
Thinkpad T42 laptop
|
|
40
|
1039-Apple
PowerMac G5 desktop
|
|
41
|
1040-Apple
PowerMac G5 desktop
|
|
42
|
1041-Apple
PowerMac G5 desktop
|
|
43
|
1042-IBM
X Series 206 server
|
|
44
|
1043-Dell
Poweredge 2950 server
|
|
45
|
1044-Dell
RS300 lease 001
|
|
46
|
1045-Dell
RS300 lease 001
|
|
47
|
1046-Dell
RS300 lease 001
|
|
48
|
1047-Dell
RS300 lease 001
|
|
49
|
1048-Dell
RS300 lease 001
|
|
50
|
1049-Dell
RS300 lease 001
|
|
51
|
1050-Dell
RS 300
|
|
52
|
1051-Dell
RS200 lease 001
|
|
53
|
1052-Dell
RS200 lease 001
|
|
54
|
1053-Dell
RS200 lease 001
|
|
55
|
1054-Dell
RS200 lease 001
|
|
56
|
1055-Dell
RS300 lease 001
|
|
57
|
1056-Dell
RS200 lease 003
|
|
58
|
1057-Dell
Poweredge 2950 server
|
|
59
|
1058-Dell
Poweredge 2950 server
|
|
61
|
1060-Dell
RS200 lease 003
|
|
66
|
1065-Dell
RS 300
|
|
67
|
1066-Dell
RS 300
|
|
70
|
1069-Cybertron
|
|
71
|
1070-SUN
220R
|
|
72
|
1071-SUN
250
|
|
74
|
1073-IBM
E server
|
|
77
|
1076-SUN
Neutra 105
|
|
80
|
1082-IBM
E server
|
|
87
|
1089-Dell
RS200 lease 003
|
|
88
|
1090-Dell
RS200 lease 003
|
|
89
|
1091-Dell
RS200 lease 003
|
|
92
|
1095-Dell
RS200 lease 003
|
|
94
|
1099-Dell
RS 300 Equinix
|
|
95
|
1100-Dell
RS 300 Equinix
|
96
|
1101-Dell
RS 300 Equinix
|
|
97
|
1102-Dell
RS 300 Equinix
|
|
98
|
1103-Dell
RS 300 Equinix
|
|
99
|
1104-Dell
RS 300 Equinix
|
|
100
|
1105-Dell
RS 300 Equinix
|
|
101
|
1106-Dell
RS 300 Equinix
|
|
102
|
1107-Dell
RS 300 Equinix
|
|
103
|
1108-Dell
RS 300 Equinix
|
|
104
|
1109-Dell
RS 300 Equinix
|
|
105
|
1110-Dell
RS 300 Equinix
|
|
106
|
1111-Dell
RS 300 Equinix
|
|
125
|
1132-Apple
Mac mini desktop
|
|
128
|
1138-Apple
Powerbook laptop
|
|
142
|
1154-Apple
Macbook Pro laptop
|
|
153
|
1165-Apple
Macbook Pro laptop
|
|
157
|
1170-IMAC
desktop
|
|
161
|
1176-Apple
Powerbook laptop
|
|
281
|
Cisco
2811 router-Equinix
|
|
284
|
48
port Gbit Cisco
|
|
297
|
Cisco
router-Equinix
|
|
298
|
Cisco
router-Equinix
|
|
307
|
Firewall
for Equinix
|
|
308
|
Foodlogiq
server @ Hosted Solutions
|
|
309
|
Foodlogiq
server @ Hosted Solutions
|
|
310
|
Foodlogiq
server @ Hosted Solutions
|
|
313
|
HP
Procurve switch - Equinix
|
|
334
|
Power
Distribution Unit DC Equinix
|
|
353
|
CDW
network equip (firewall and switch)-Equinix
|
|
109
|
1115-Cisco
Catalyst switch
|
|
282
|
2
TLPA CS3 DESIGN SOFTWARE
|
|
285
|
Adobe
Enterprise Software
|
|
324
|
MS
MBL WIM SRV / SQL SRV
|
|
330
|
Oracle
8 database
|
|
331
|
Oracle
8 Enterprise Edition
|
|
348
|
TLPA
Flex Builder Software
|
|
349
|
TLPA
software
|
|
350
|
TLPR
Photoshop C53
|