LEASE AGREEMENT
LESSEE: DELIVERY ADDRESS:
FEATHER RIVER STATE BANK FEATHER RIVER STATE BANK
0000 XXXXXXXX XXX 000 "X" XXXXXX
XXXX XXXX, XX 00000 XXXX XXXX, XX 00000
EQUIPMENT SPECIFICATIONS
MODEL SERIAL NUMBER DELIVERY DATE VALUE MINIMUM LEASE TERM RATE PER MONTH
----- ------------- ------------- ----- ------------------ --------------
64 X 24 CPX-04249 3/1/97 $100,000.00 6 MONTHS $2,255.00 + tax
(or $1.56 per sq. ft.)
*CONSISTS OF: SMC-02001-454 SMC-02001-455
This agreement is made as of by Vault Security Systems,
Inc., a California corporation trading as one of the above entities
(hereinafter referred to as Lessor) and the Lessee named above.
Lessor hereby agrees to Lease to Lessees and Xxxxxx hereby agrees to
lease and rent from Lessor the trailer(s) and/or relocatable, modular
and/or pre-fabricated structure(s) described below together with stairs,
railings, furniture and other items attached or appurtenant-thereto
(hereinafter referred to collectively as the "Equipment").
NOTICE: XXXXXX IS RESPONSIBLE FOR DAMAGE TO THE EQUIPMENT IN ACCORDANCE WITH
ARTICLE 11 OF THE LEASE TERMS AND CONDITIONS ON REVERSE SIDE.
1. LIABILITY WAIVER: LESSEE / /ACCEPTS / /DECLINES to pay an additional
$.25 per day per trailer in consideration for the agreement on the part of
the Lessor contained in Paragraph 13(a) of the Terms and Conditions (reverse
side).
2. PHYSICAL DAMAGE WAIVER: LESSEE / /ACCEPTS / /DECLINES to pay
additional $2.75 per $1,000 value of equipment each month in consideration
for the agreement on the part of the Lessor contained in Paragraph 13(b) of
the Terms and Conditions (reverse side).
FAILURE TO PROVIDE A VALID INSURANCE CERTIFICATE WITHIN 30 DAYS OF DELIVERY
WILL CONSTITUTE AN AUTOMATIC ACCEPTANCE AS CONTAINED IN 12(C).
BILLING INFORMATION
I. MONTHLY:
RENT MULTI-SECTIONAL WITH THE FOLLOWING INTERIOR CONTENTS: $2,255.00 + TAX PER MONTH
a) 32 ft. of Ramp & Deck & Rear Steps (OR $1.56 PER SQ. FT.)
b) Telephone System
c) (4) Storage Cabinets
d) Staff Lounge Table & (4) Chairs
e) Signature Card Trays
f) (1) 2-Drawer Firefile
LESSEE: ACCEPTED LESSOR: VAULT SECURITY SYSTEMS, INC.
BY: /s/ Illegible BY: /s/ Illegible
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TITLE: Pres/CEO TITLE: G.M.
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LEASE AGREEMENT CONTINUED...
BILLING INFORMATION CONTINUED...
g) (1) Microwave Unit
h) TL-15 Porta Vaults
i) 14 c.f. Refrigerator (white)
j) (2) #16073066 L-SP "DECO"Desks (gray) (see V.S.S. catalog)
k) (6) #F-5901 Swivel Chairs, "HON" (black) (see V.S.S. catalog)
l) (6) #D-4003 Guest Arm Chairs, "HON" (gray) (see V.S.S. catalog)
m) (6) Refuse Containers
n) (4) Sit-down Teller Pedestals
o) (4) Teller Cashtrays with Lids
p) (2) Rolled Coin Trays
q) Complete Hold-up and Burglary Alarm System
r) Complete Video Surveillance System (including ATM camera)
s) (1) Safe Deposit Customer Pedestal (TP-Unit)
t) (1) Night Depository and (25) customer keys
u) (1) Dual Control Key Cabinet
v) (6) Interior Cash Tray Lockers
w) Currency & Coin Storage Lockers with dual access
II. INITIAL PAYMENT:
Delivery Freight to Wheatland (includes pilots & permits) $ 1,046.00
Block & Level 1,070.00
New 16oz. Carpet 520.00
Tie Downs 840.00
168 ft. Skirting 1,680.00
Tenant Improvements 2,095.00
Ramp Delivery & Set-up 1,150.00
Engineering Plans 300.00
Licensing Fee 15.00
Phone System 600.00
Teller Security and Operatons Equipment Installed 3,000.00
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$ 12,316.00
AFTER INITIAL PAYMENT HAS BEEN MADE, A MONTHLY RENTAL OF $2,255.00 PLUS ALL
APPLICABLE TAXES AND FEES ARE PAYABLE ON THE 1ST OF EACH MONTH.
LESSEE: ACCEPTED LESSOR: VAULT SECURITY SYSTEMS, INC.
BY: /s/ Illegible BY: /s/ Illegible
---------------------------- ---------------------------
TITLE: Pres/CEO TITLE: G.M.
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LEASE AGREEMENT CONTINUED...
BILLING INFORMATION CONTINUED...
III. ADDITIONAL OPTIONS CHOSEN:
Bottled Water (TO BILLED SEPARATELY) SEPARATE BILLING
NCR 5085 ATM and Facia (TO BILLED SEPARATELY) SEPARATE BILLING
(2) Module Safe Deposit Boxes $ 2,180.00 + tax
Expand Tellerline to (4) Stations 500.00
(2) 4-Drawer Verticle Firefiles 1,988.00 + tax
Installation of Xxxxx Road Night Depository 500.00
Installation of Kitchen Coffee Bar 300.00
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$ 5,468.00
IV. LEASE TERMINATION BILLING:
Ramp Dismantle & Retrieval $ 795.00
Knockdown, Skirt & Tiedown Removal $ 1,070.00
Return Freight, Pilots & Permits $ 1,046.00
Interior Dismantle & Removal of Security and Operations Equipment $ 2,500.00
ATM & Night Depository Wall Repair $ 975.00
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$ 6,386.00
LESSEE: ACCEPTED LESSOR: VAULT SECURITY SYSTEMS, INC.
BY: /s/ Illegible BY: /s/ Illegible
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TITLE: Pres/CEO TITLE: G.M.
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