EXHIBIT 10.20
COLLATERAL SECURITY AGREEMENT
AGREEMENT, made this 1st day of November, 2001 by and between:
ACTRADE CAPITAL, INC. a Delaware corporation with offices at
000 Xxxxxxxxxx Xxxx, Xxxxxxx Xxxxx Xxxxx, Xxxxxxxx, XX 00000
("Actrade"); and
XETEL CORPORATION, a Delaware corporation with offices at 0000
Xxxxx Xxxxx Xxxx, Xxxxxx XX 00000 ("Maker"); who are sometime
herein referred to as the "parties."
WITNESSETH
WHEREAS, in connection with the purchase of goods and/or services from
a supplier who is a participant in Actrade's TAD Program ("Seller"),
Maker has issued a series of TADs identified as follows: #119898 for
$433,356.80, #119896 for $433,356.00, #119897 for $433,356.00 and
#119895 for $433,356.00, totaling the sum of $1,733,424.80, all of
which were due on October 23, 2001, and
WHEREAS, Maker has defaulted in payment of the aforesaid TADs and
wishes to restructure the aforesaid TADs, and
WHEREAS Actrade has agreed to restructure the aforesaid TADs with new
maturity dates extending through January 23, 2002 ("Restructured TADs"
hereafter), provided that Maker (i) posts the additional collateral
security as set forth in this Agreement which shall be supplemental to
the existing TAD Program acknowledgements and agreements (collectively
the "Program Agreements") between Maker and Actrade, and (ii) makes
payment to Actrade in the sum of $52,000.00 on or before November 26,
2001 ("Initial Sum"), the provisions of which are incorporated herein
by reference.
NOW, THEREFORE, in consideration of the mutual promises contained
herein and in the Program Agreements, as well as other good and
valuable consideration receipt of which is hereby acknowledged, the
parties agree as follows:
1. COLLATERAL SECURITY. Maker confirms that it intends to make
payment of the Initial Sum on or before November 26, 2001 and
pay the Restructured TADs on or before January 23, 2002 as
herein before described and that in consideration of Actrade's
agreement to restructure said TADs, it shall agree to provide
to Actrade the following described securities as collateral
security for the due payment of the Initial Sum and the
Restructured TADs:
ALL OFFICE EQUIPMENT AND FURNITURE, INCLUDING BUT NOT
LIMITED TO, COMPUTERS, PRINTERS, DESKS, TABLES,
WORKSTATIONS, CUBICLES, WORKBENCHES, CHAIRS,
CABINETS, LETTER FILES, AND OTHER COLLATERAL
DESCRIBED IN ATTACHMENT "SCHEDULE A"
1
2. UCC -1 FINANCING STATEMENT. Maker agrees to provide and
execute all documentation necessary to enforce the UCC-1
Financing Statement in connection herewith.
3. GENERAL TERMS OF THIS SECURITY AGREEMENT. The parties agree
that the following terms and conditions shall govern this
Security Agreement:
(i) The security period shall commence on the date of the
execution of this Agreement by all parties.
(ii) The security period shall continue thereafter until
all conditions set forth herein are met and satisfied
including the payment in full for all TADs issued by
Maker and purchased by Actrade from Seller including
the Restructured TADs.
(iii) Upon receipt from Actrade of a notice of default in
payment of the Initial Sum on or before November 26,
2001, and/or payment of the Restructured TADs on or
before January 23, 2002, or any facts otherwise
constituting a default under this Agreement, Actrade
shall immediately notify Maker in writing that a
default has been declared. Maker shall have two (2)
business days to cure the default. If not cured
within such period then, without further notice to
Maker, upon the written request of Actrade, Actrade
shall take all steps necessary to effect enforcement
and collection of collateral security described
herein.
(iv) Upon payment in full of the aforesaid TADs, and
payment in full to Actrade of all TADs and amount due
thereunder, Actrade shall file a UCC-3, Termination
Statement.
4. GOVERNING LAW. This Agreement is governed by the laws of the
State of New York. Any legal action or proceeding arising out
of or relating to this Agreement may be instituted only in the
Courts of the state of New York, within the City and County of
New York, or of the United States of America for the Southern
District of New York, and the parties hereto hereby
irrevocably submit to the jurisdiction of each such court in
any such action or proceeding. Further, in connection with any
such proceeding, the parties hereto waive their right to a
trial by jury and further consent to the service of process by
means of certified or registered mail, addressed to the
addresses set forth herein or as may be changed in writing by
any of the parties hereto from time to time.
5. WARRANTIES, REPRESENTATIONS AND COVENANTS: To induce Actrade
to enter into this Agreement and with full knowledge that the
warranties, representations and covenants herein are being
relied upon by Actrade, Maker warrants, represents and
covenants that:
(a) The execution of this Agreement, and the performance
by Maker of its covenants and undertakings hereunder
have been duly authorized by all requisite corporate
action, and approved by the Board of Directors of
Maker, and Maker has the corporate power and
authority to enter into this Agreement and perform
the covenants and undertakings to be performed by it
hereunder, and is under no other impediment which
would adversely affect its ability to consummate or
prohibit it from consummating the transactions
contemplated hereby.
2
(b) This Agreement has been duly authorized, executed and
delivered by Maker and constitutes a valid and
legally binding obligation thereof enforceable in
accordance with its terms.
(c) Maker acknowledges that Actrade is not a bank or
lending institution and confirms its understanding
that this Agreement is an accommodation as part of
its relationship with Actrade under the TAD Program;
6. SAVING CLAUSE. In case any one or more of the provisions
contained in this Agreement shall for any reason be held
invalid, illegal or unenforceable in any respect, such
invalidity, illegality or un-enforceability shall not affect
any other provisions of this Agreement, and this Agreement
shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein. If,
moreover, any one or more provisions contained in this
Agreement shall for any reason be held to be excessively broad
as to duration or geographic scope, activity or subject
matter, including but not limited to any rate of interest
being deemed to be excessive or beyond the highest such rate
permitted by applicable law, then, in such event, it shall be
construed by limiting and reducing it so as to be enforceable
to the extent compatible with the applicable law as it shall
then appear.
7. CHANGES IN WRITING. This Agreement may be changed only in
writing and only if the writing is signed by each of the
parties hereto.
8. ASSIGNMENT. The parties hereto understand and agree that this
Agreement and the obligations and entitlements hereunder may
be assigned, either in whole or in part by Actrade to any
third party without otherwise affecting the terms or
conditions hereof. However, it is also understood and agreed
that this Agreement and its rights, obligations and
entitlements may not be assigned or otherwise transferred by
Maker without the express written consent of Actrade.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
ACTRADE CAPITAL, INC. XETEL CORPORATION
By: By:
----------------------------- ---------------------------------
Xxxxxxx Xxxxxx AUTHORIZED SIGNATURE
Vice President, Credit & Collections
------------------------------------
PRINT NAME AND TITLE
3
1
(SCHEDULE A)
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1270 Indoff/Warehouse Shelving 30,603
1270 Indoff/Warehouse IA 6,311
0000 Xxx. Xxxxx Xxxxxx - Xxx#000000 - PO# G45337 - Conveyor 1 9,464
1325 Xxxxxx/Workbenches 52 3,387
1325 Xxxxx Xxxxxx Xxxxxxxx/Storage Cabinets 1 10,527
1325 Arbell/ (20) Workstations 20 16,750
0000 Xxxx Xxxxxx Xxxxxxxx - Xxx#000000 - PO# G45456 - Work Station 1 2,797
1400 Xxxxx Xxxxxx Workbenches (Sys. Integration) 18,782
1306 Shelving Tool Crib 1 3,367
1385 VP OPERATION 36X72 WALNUT DESK 1 733
1385 VP OPERATION WALNUT CREDENZA W/KB SLIDE 1 741
1385 R&M Room Model CHW69 Modular Storage Cabinet 1 2,390
1385 Mfg Area Beige Lyon Lockers 9,637
1385 Xxxx Xxxxxx BT Office Products 3,052
1385 Mfg Area Remanufactured Partitions 4,428
1385 Mfg Area Workbenches 5,454
1385 Mfg Area Partition Furniture 28,421
1470 Cubicle Offices 5,887
1510 X. Xxxxxxx Desk/Chair/Crendenza 1,939
1510 Xxxxxxxx - Metcal Workstations 12 7,066
1600 Mkting Storage 20' Nimlok Tradeshow Display 1 18,904
1600 Xxxxx Xxxxxx Office Furniture 1 5,973
1700 XXXX XXXXX 36X72 OAK DESK 1 750
1700 XXXX XXXXX OAK CRENDENZA W/KB SLIDE 1 762
1700 XXXXX XXXXXXX CHAIR/SIDE ONYX MAHOGANY 1 264
1700 XXXXX XXXXXXX MAHOGANY TABLE 1 604
1700 XXXXX XXXXXXX DESK, RETURN, BOOKCASE 1 2,204
1700 XXXX XXXXXX NORFOLK SOFA/PILLOWS/PICTURES 1,425
1700 XXXX XXXXXX BASE CABINET/GLASS CABINET 1,768
1700 XXXX XXXXXX CHAIR/COMPUTER TABLE/PEDESTAL 3,509
1700 XXXX XXXXXX OFD/COMPUTER TABLE 687
1700 LOBBY Desk, Credenza, Bookcase 3,753
0000 XXXXX Xxxx, Xxxxxxxx, Bookcase IA (530)
1700 XXXX XXXXXX Credenza/tabletop 2,319
1700 Xxxx Xxxxxxxx Hon Executive Furniture - Mahogany 1 4,029
1700 LOBBY XeTel Logo Pictures 3,394
1710 Xxxxxxxxx 36X72 WAL. EXEC. DESK 1 638
1710 Xxxxxxxxx WALNUT 2 DR LATERAL FILE 2 1,288
1710 Xxxxxxxxx WALNUT KNEESPACE CREDENZA 1 796
SCHEDULE A 2
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1710 Xxxxxx Adjustable Workstation 1 1,083
1727 Gracy Frams Xxxxxx Workbenches 191,158
1729 FACILITIES A/H PUTTY/WALNUT DESKS 3 826
1729 FACILITIES A/H PUTTY/WALNUT TABLE 3 505
1729 FACILITIES A/H PUTTY 2DRW LEGAL FILE 1 164
1729 FACILITIES PUTTY-2 DRAWER FILES 3 448
1729 FACILITIES CONFERENCE TABLE 1 575
1729 FACILITIES PUTTY/WALNUT COMPUTER TABLE 2 324
1729 FACILITIES CONFERENCE RM CHAIRS 8 722
1729 FACILITIES EXECUTIVE CHAIRS 3 662
1729 FACILITIES DESK SIDE CHAIRS W/ARMS 8 828
1729 FACILITIES RECPT. AREA COUCH (3SEATER) 1 716
1729 FACILITIES RECPT. AREA CHAIR (1SEATER) 3 788
1729 FACILITIES RECPT. AREA COCKTAIL TABLE 1 159
1729 FACILITIES A/H LEGAL 4 DRWR FILE 1 197
1729 FACILITIES 6' X 6' BOOKSHELF 1 308
1729 FACILITIES 30 X 60 WORK TABLES 20 2,607
1729 FACILITIES XXXXXX XXXXXX LATERAL FILE 5 530
1729 FACILITIES XXXXXX XXXXXX CHAIR BOARDS 2 154
1729 FACILITIES XXXXXX XXXXXX PANELS USED 47 5,413
1729 FACILITIES A/H DESK W/TEAK 1 262
1729 FACILITIES A/H 30X60 TABLE 1 188
1729 FACILITIES 4 DRWR LETTER FILE 1 143
1729 FACILITIES A/H 30X60 TEAK TABLES 4 666
1729 FACILITIES A/H 2 DRWR LETTER FILE 3 264
1729 FACILITIES A/H 4 DRWR LETTER FILE 1 123
1729 FACILITIES A/H TEAK DESK 1 283
1729 FACILITIES 2 DRWR LETTER FILE 1 88
1729 FACILITIES A/H PUTTY WALNUT CRT TABLE 1 187
1729 FACILITIES CORNER OAK TABLE 2 1,191
1729 FACILITIES BLACK 4 DRWR LEGAL FILE 2 311
1729 FACILITIES A/H TEAK DESKS 2 561
1729 FACILITIES 2 DRWR LETTER FILE 2 175
1729 FACILITIES 4 DRWR BLK LETTER FILE 2 122
1729 WALNUT STENO DESK 1 768
1729 FACILITIES 2 DRWR LEGAL FILE W/LOCK 1 126
1729 FACILITIES 4 DRWR LEGAL FILE W/LOCK 1 182
1729 BREAKROOM G.E. REFRIG W/ICE-MAKER 1 689
1729 FACILITIES 36X72 WALNUT TABLE 1 207
1729 FACILITIES BLUE STACK CHAIRS 8 263
1729 FACILITIES 30X60 TEAK TABLES 2 333
1729 FACILITIES 30X60 TEAK DESKS 4 1,091
1729 FACILITIES GREY SWIVEL CHAIRS 6 630
1729 FACILITIES XXXX SIDE CHAIR 4 378
1729 FACILITIES 4 DRWR LETTER FILE W/LOCK 1 150
1729 FACILITIES 24X44 S/PED DESK 1 184
1729 FACILITIES 2 DOOR PUTTY CABINETS 3 493
1729 FACILITIES 4 DRWR LEGAL FILE-TAN 1 169
1729 FACILITIES TEAK 60X30 TABLE 1 142
1729 FACILITIES 4X6 ALUM. MARKER BD 1 108
1729 FACILITIES A/H PUTTY/WALNUT DESK 1 273
1729 FACILITIES A/H PUTTY/WALNUT CRT TABLE 1 189
SCHEDULE A 3
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1729 FACILITIES EXEC. SWIVEL CHAIRS 3 940
1729 FACILITIES EXEC. SIDE CHAIRS 2 343
1729 FACILITIES 4X8 MARKER BOARD 1 127
1729 FACILITIES INVENTORY CARD CABINET 2 934
1729 FACILITIES PARCH 4 DRWR LETTER FILE 1 110
1729 FACILITIES PARCH 4 DRW LETTER FILE 1 151
1729 FACILITIES BLOODSTONE SIDE CHAIR/WALNUT 2 311
1729 FACILITIES XXXX SIDE CHAIR/OAK 2 329
1729 FACILITIES 30 X 60 AH/DESKS 2 473
1729 FACILITIES 30 X 60 TABLES 2 274
1729 FACILITIES 4 DRWR LETTER FILES 2 222
1729 FACILITIES XXXX SWIVEL CHAIRS 2 212
1729 FACILITIES 30 X 60 TABLES 2 276
1729 FACILITIES 30 X 60 AH/DESKS 2 471
1729 FACILITIES XXXX SWIVEL CHAIRS 2 212
1729 FACILITIES 2 DRWR LETTER FILE 1 81
1729 FACILITIES XXXXXX XXXXXX PANELS - ASSY 12 4,283
1729 FACILITIES XXXX SWIVEL CHAIR 1 106
1729 FACILITIES LETTER FILE - 4 DRWR 1 138
1729 FACILITIES LETTER FILE - 2 DRWR. 2 169
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES STORAGE CABINET - 72" 1 147
1729 FACILITIES XXXX SIDE CHAIRS 3 277
1729 FACILITIES XXXX SWIVEL CHAIR 1 106
1729 FACILITIES BOOKCASE 48" 1 91
1729 FACILITIES XXXX SWIVEL CHAIR 1 106
1729 FACILITIES LETTER FILE - 4 DRWR 1 112
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES LETTER FILE - 4 DRWR 1 112
1729 FACILITIES 30 X 60 DESK 3 705
1729 FACILITIES 4 DRWR LETTER FILE/W LOCK 1 138
1729 FACILITIES 2 DRWR LETTER FILE 3 254
1729 FACILITIES 30 X 60 DESK 1 235
1729 FACILITIES XXXX SIDE CHAIRS 8 738
1729 FACILITIES XXXX SWIVEL CHAIR 5 531
1729 FACILITIES 2 DRWR LETTER FILE 1 85
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES 72" STORAGE CABINET 1 147
1729 FACILITIES PARCHMENT STORAGE CABINET 1 198
1729 FACILITIES XXXX SIDE CHAIR 3 277
1729 FACILITIES XXXX SIDE CHAIR 4 369
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES XXXX SWIVEL CHAIR 1 106
1729 FACILITIES XXXX SWIVEL CHAIR 1 106
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES PARCHMENT STORAGE CABINET 1 198
1729 FACILITIES 30 X 60" DESK 2 473
1729 FACILITIES 30 X 60" TABLE 6 1,017
SCHEDULE A 4
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1729 FACILITIES 4 DRWR LETTER FILE 1 134
1729 FACILITIES XXXX SWIVEL CHAIR 2 214
1729 FACILITIES 30 X 60" DESK 2 473
1729 FACILITIES 30 X 60" TABLE 3 509
1729 FACILITIES 2 DRWR LETTER FILE 2 169
1729 FACILITIES PUTTY MOBILE FILE 2 183
1729 FACILITIES 4 DRWR LEGAL FILE W/LOCK 1 150
1729 FACILITIES 72 X 36 TABLE 1 161
1729 FACILITIES 2 DRWR LETTER FILE 1 85
1729 FACILITIES XXXX SWIVEL CHAIRS 3 321
1729 FACILITIES 2 DRWR LETTER FILES 3 256
1729 FACILITIES 4 DRWR LETTER FILE 1 134
1729 FACILITIES 30 X 60 TABLE 4 678
1729 FACILITIES 18 X 60 TABLE 1 125
1729 FACILITIES 30 X 60 DESKS 2 473
1729 FACILITIES 30 X 60 TABLES 3 509
1729 FACILITIES 30 X 60 DESKS 3 710
1729 FACILITIES 29" BOOKCASE 2 123
1729 FACILITIES 30 X 36 TABLE 1 140
1729 FACILITIES 30 X 60 DESKS 3 710
1729 FACILITIES 2 DRWR LETTER FILE 3 256
1729 FACILITIES XXXX SWIVEL CHAIRS 3 321
1729 FACILITIES 2 DRWR LETTER FILES 2 171
1729 FACILITIES WALNUT 48" BOOKCASE 1 199
1729 FACILITIES 4 DRWR LEGAL FILE CAB 1 112
1729 FACILITIES 30 X 36 TABLE 1 140
1729 FACILITIES XXXX SIDE CHAIRS 7 673
1729 FACILITIES 30 X 60 TABLE 1 170
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES 30 X 60 DESK 1 237
1729 FACILITIES 30 X 60 TABLE 1 170
1729 FACILITIES XXXX SWIVEL CHAIRS 2 214
1729 FACILITIES 30 X 60 DESK 2 473
1729 FACILITIES 4 DRWR LETTER FILE 1 112
1729 FACILITIES 2 DRWR LETTER FILE CAB 2 171
1729 FACILITIES 29" BOOKCASE 2 123
1729 FACILITIES 48" BOOKCASE 1 92
1729 FACILITIES 30 X 60 TABLE 1 170
1729 FACILITIES 4 DRWR LETTER CABINET 1 107
1729 FACILITIES 2 DRWR LETTER FILE 1 75
1729 FACILITIES 30 X 60 DESK 1 278
1729 FACILITIES 30 X 60 DESK 1 278
1729 FACILITIES 30 X 60 DESK 1 278
1729 FACILITIES 30 X 60 DESK 1 278
1729 FACILITIES 30 X 60 DESK 1 278
1729 FACILITIES 30 X 60 DESK 2 556
1729 FACILITIES 30 X 60 DESK 1 226
1729 MFG CONF WALNUT CONFERENCE TABLE 1 538
ROOM
1729 FACILITIES XXXXXX XXXXXX CUBICLES 34 20,188
1729 FACILITIES FURN MASTER-CUBICLES/INSTALLATION 67,899
1729 LOBBY EKITA - CUSTOM COFFEE TABLE 794
SCHEDULE A 5
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1729 FACILITIES XXX XXX 00000 CUBICLE WIRING 8,392
1729 FACILITIES FURN MASTER-ADD'L PARTS INV 1822 596
1729 FACILITIES HULL SUPPLY 17013-WINDOWS FOR DOOR 575
1729 SUBTOTAL TOTAL OF # 9,403
1729 FACILITIES MAHOGANY CREDENZA (50)
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH 207
1729 FACILITIES RETURN, EXEC RIGHT MAHOGANY 287
1729 FACILITIES RETURN, EXEC RIGHT MAHOGANY 297
1729 FACILITIES RETURN, EXEC RIGHT MAHOGANY 297
1729 FACILITIES ROUND MAHOGANY TABLE 312
1729 FACILITIES ROUND MAHOGANY TABLE 312
1729 FACILITIES ROUND MAHOGANY TABLE 312
1729 FACILITIES 2DR LATERAL FILE 345
1729 FACILITIES CHAIR, EXEC H/B GREEN MED OAK 372
1729 FACILITIES CHAIR, EXEC H/B GREEN MED OAK 372
1729 FACILITIES CHAIR, EXEC H/B GREEN MED OAK 372
1729 FACILITIES END TABLE 386
1729 FACILITIES GREEN LOVESEAT 399
1729 FACILITIES GREEN LOVESEAT 399
1729 FACILITIES MAHOGANY CREDENZA 410
1729 FACILITIES DESK, SINGLE PED. MAHOGANY 432
1729 FACILITIES DESK, SINGLE PED. MAHOGANY 432
1729 FACILITIES DESK, SINGLE PED. MAHOGANY 432
1729 FACILITIES DESK, SINGLE PED. MAHOGANY 529
1729 FACILITIES MAHOGANY CREDENZA 559
1729 FACILITIES MAHOGANY CREDENZA 559
1729 FACILITIES MAHOGANY CREDENZA 559
1729 FACILITIES MAHOGANY COMPUTER TABLE 602
1729 FACILITIES COFFEE AND SOFA TABLES 1,056
1729 FACILITIES SOFA & LOVESEAT 1,947
1729 FACILITIES CUBICAL REFURB. PROJECT #89 12,159
1729 FACILITIES CUBICAL REFURB. PROJECT #89 7,723
1729 FACILITIES CUBICAL REFURB. PROJECT #89 7,306
1729 FACILITIES CUBICAL REFURB. PROJECT #89 7,085
1729 FACILITIES CUBICAL REFURB. PROJECT #89 7,293
1729 FACILITIES CUBICAL REFURB. PROJECT #89 10,239
1729 FACILITIES CUBICAL REFURB. PROJECT #89 8,097
1729 FACILITIES CUBICAL REFURB. PROJECT #89 704
1729 FACILITIES CUBICAL REFURB. PROJECT #89 7,981
1729 FACILITIES CUBICAL REFURB. PROJECT #89 1,124
1729 FACILITIES REFURBISH XXXXXX XXXXXXX PANEL 2,373
1729 FACILITIES PRODUCTION MFG CHAIR 3,389
1729 FACILITIES INDUSTRIAL REFRIG 2,219
1729 FACILITIES BT Office/ Folding Tables 42 9,970
1729 FACILITIES BT Office/Locker Benches 19 3,401
1729 FACILITIES Training Tables 50 16,780
1729 FACILITIES BT Office/ Folding Tables IA 42 822
SCHEDULE A 6
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$
1729 FACILITIES Scottman Ice Maker 1 2,895
1729 FACILITIES Training Tables IA 50 1,440
1729 FACILITIES BT Office/ Folding Tables IA 42 (1,101)
1729 FACILITIES Walltech/Offices 8,224
1729 Facilities ICS - Inv# 2729 - PO# G45221 - Badge Reader 1 4,985
1729 FACILITIES Victory 2 Door Frig 2,219
1729 FACILITIES Star Furniture/Lobby GFarms 7,992
1729 FACILITIES ABC Restaurant Supply/Refrigerator 2,051
1730 COMPUTER RM TIC CABLE SUPPLY-IS CABINETS 3 4,428
1730 COMPUTER RM Network Organizer/Multi Media Cabinet 10,761
1730 COMPUTER RM 2 Manager Chairs with arms 926
1730 COMPUTER RM Multimedia Cabinet 1,690
1730 COMPUTER RM 4 Keyboard pullouts/switching box 2,179
ASSETS TRANSFERRED FROM CALIFORNIA
1729 Items fr Cal CUBICLE CO 12,841
0000 Xxxxx xx Cal Cubicles-N 12,857
1729 Items fr Cal LASER JET PRINTER 2,915
1729 Items fr Cal PAYMENT TO TELESET 28,432
1729 Items fr Cal BUNDLE HP LASERJET 1,571
1729 Items fr Cal BUNDLE HP LASERJET 1,580
0000 Xxxxx xx Cal WRKBNCH 30" 201
1729 Items fr Cal WRKBNCH-30 214
1729 Items fr Cal WRKBNCH 9 388
1729 Items fr Cal FAX-PLAIN 1,811
1729 Items fr Cal M100-ULTRA TORQ ANALYZER 110V 2,267
0000 Xxxxx xx Cal CUBICLES 5,307
0000 Xxxxx xx Cal TOOL, BENCH MOUNT HYDRA AVDEL 3,634
1729 Items fr Cal DIGITAL CAMERA 1,062
0000 Xxxxx xx Cal Sales Office Furniture 26,429
0000 Xxxxx xx Cal Office Furniture/Benchmark 15,127
TOTAL FURNITURE-AUSTIN $ 869,759
-----------------
=================
SCHEDULE A 7
DEPT LOCATION ITEM DESCRIPTION TOTAL COST $
1510 Workstation 2nd installment on cubicles 19,420
Designs
1510 Workstation 3rd & final installment on cubicles 4,855
Designs
1510 Workstation 1-additional cubicle 985
Designs
1510 Xxx Xxxxxxx Cubicles from Nokia 3,108
1510 Workstation Charleston Series 36x72 desk (2) 5,776
Designs
1510 Workstation Charleston Series 36x72 desk (2) 5,776
Designs
1510 14,013
1510 Xxxxxxx Xxxx'x Leather Sofa Lobby 1,774
1510 Expo Design Rug for lobby Xxxxxx Xxxx XX00 757
Center
1510 Sam's Chairs Manuf Floor 1,136
1510 North Dallas Wshe Uprights 18x42/pr beams 6,636
1510 Indoff Inc Lockers(84) & Mat 9,419
1510 Corporate Express Guest chair(2)/Swivel char(12) 3,643
1510 Xxxxxx/Xxxxxxx Pictures 2,500
1510 Xxxxxxx Workstations(20) 12,319
1510 Indoff Inc Wire care 5,007
1510 Starrco Walls 10 X 36 X 8 8,103
1510 Indoff Inc Lockers(54) & Mat 4,251
1510 Xxxxxx/Xxxxxxx Pictures(credit) (2,456)
TOTAL FURNITURE--DALLAS $ 173,846
SCHEDULE A 8
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST $
1730 IS Dell - (2) PowerEdge 1300 Base, PIII, 2 10,329
800 Mhz/256K Servers
1730 IS Dell - 800Mhz/133 GX110 1 2,162
1730 IS Dell - 800Mhz/133 GX110 755
1730 IS Dell Optiplex GL200 1 1,585
1730 IS Dell Optiplex GL200 468
1730 IS Dell Optiplex GX200 4 5,132
1730 IS Dell Optiplex GX200 512
1730 IS Dell - Backup system replacement parts 5,315
1730 IS Dell - Backup system replacement parts 466
1730 IS Dell PC 6,585
1730 IS Dell PC 608
1730 Dell Direct / (6) Dell 700 Celeron 6 5,003
GX100/S
1730 Dell Direct / (6) Dell 700 Celeron 575
GX100/S
1730 Dell Direct / (4) Latitude CPTS600GT 4 9,736
1730 Dell Direct / (4) Latitude CPTS600GT 890
1730 IS Dell / Poweredge 2400 Server 1 2,601
1730 IS - Xxxx Xxxx Latitude CPX J650Gt Notebook 1 2,685
Trott Computer
1730 IS Dell Direct / (4) Dell 700 Celeron GX100 4 3,823
1730 IS Dell Direct / (6) Dell 700 Celeron 6 5,593
GX100/S
1730 IS Dell / Poweredge 2450 Server-Unicam 1 8,410
TOTAL COMPUTERS/OFFICE
EQUIPMENT $ 306,740
TOTAL FURNITURE-AUSTIN $ 869,759
TOTAL FURNITURE--DALLAS $ 173,846
TOTAL COMPUTERS/OFFICE
EQUIPMENT $ 306,740
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TOTAL COLLATERAL $ 1,350,345
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"SCHEDULE A" APPROVED BY
XETEL CORPORATION
By:
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NAME:
TITLE:
