FIRST AMENDMENT TO AGREEMENT
This First Amendment to Agreement (this "Amendment") dated as of November
1, 1996, by and between TELEPHONE ELECTRONICS CORPORATION, a Mississippi
Corporation ("Transferor") and DIGITEC 2000, INC. formerly known as PROMO TEL,
INC., a Nevada Corporation ("Promo Tel");
RECITALS
WHEREAS, Transferor and Promo Tel previously executed that certain
Agreement dated as of May 1, 1996 (the "Agreement"), and
WHEREAS, Transferor pursuant to the Agreement previously received shares
of Promo Tel's common stock (the "Stock") in exchange for the transfer of
certain Transferor's property (the "Property") to Promo Tel; and
WHEREAS, Transferor and Promo Tel now agree to adjust the amount of Stock
and Property; and
WHEREAS, Promo Tel has since the effective date of the Agreement effected
a one-for-six reverse stock split (the "Reverse Split") and change of name; and
WHEREAS, Promo Tel and Transferor desire to enter into this Amendment,
pursuant to which Transferor will transfer and assign to Promo Tel a certain
number of the shares of the Stock, Promo Tel will reassign certain Property and
the Reverse Split and name change will be recognized.
NOW THEREFORE, in consideration of the foregoing and the mutual promises
and covenants set forth herein, it has been and it is hereby agreed as follows:
1) Transferor Action: Effective on June 30, 1996 (the "Effective
Date"), Transferor shall be deemed to have transferred, conveyed and
reassigned to Promo Tel all of Transferor's right, title and
interest in and to 781,554 shares of Stock;
2) Promo Tel Action: As of the Effective Date, Promo Tel shall be
deemed to have relinquished and reassigned the following rights, all
as further specified on Exhibit A:
a) Rights to certain equipment located in Jackson, Mississippi;
b) Certain operating expenses;
c) Equipment removed from Phoenix, Arizona location;
d) Unlicensed software;
3) Certificates: The exchange between the parties of certificates
representing the original Stock and the Stock to be reassigned
should occur within five (5) business days from the date hereof
Transferor does hereby deliver Certificate Number 618 for 9,632,312
shares to Promo Tel. Promo Tel shall deliver a certificate (the "New
Certificate") in the amount of 1,475,126.33 shares (representing
8,850,758 shares as effected by the Reverse Split) to Transferor.
Upon each party's receipt of the respective certificate the
reassignment shall be deemed complete.
4) Reverse Split: Transferor acknowledges the Reverse Split and change
of Promo Tel's corporate name. Transferor agrees that the New
Certificate will be accepted as containing the appropriate number of
shares of Stock after giving effect to the reassignment and
subsequent Reverse Split.
5) Effect: To the extent not specifically amended herein the Agreement
shall remain in full force and effect and unaltered by the terms and
conditions contained herein.
6) Counterparts: This Amendment shall be executed in any number of
counterparts each of which shall constitute but one original
Amendment.
TELEPHONE ELECTRONICS CORPORATION
BY: /s/ Xxxxxx X. Xxxxxx
---------------------------
XXXXXX X. XXXXXX
ITS: VICE PRESIDENT
DIGITEC 2000, INC. F/K/A PROMO TEL, INC.
BY: /s/ Diego X. Xxxx
---------------------------
XXXXX X XXXX
ITS: VICE PRESIDENT
PROMO TEL, INC.
SCHEDULE OF ASSETS NOT TRANSFERRED
OCTOBER 14, 1996
UNIDENTIFIED EQUIPMENT LOCATION AMOUNT
CONCENTRATOR, LATTISNET TECH ROOM $ 1,515.30
CONCENTRATOR, LATTISNET TECH ROOM 1,354.59
MISCELLANEOUS ADDISON, TX 1,943.03
NO DETAIL - MISC EQUIPMENT TEMPE, AZ 4,551.00
COPIER AND COMPUTER DALLAS DALLAS, TX 3,873.04
CONCENTRATOR SYNOPTICS ELEVATOR CLOSET 2,604.80
SOLONET EQUIPMENT PALM BAY, FL 2,865.00
----------
TOTAL UNIDENTIFIED EQUIPMENT $18,706.76
EQUIPMENT STOLEN FROM PHOENIX
POWERMAC SETUP JACKSON, MS $ 6,712.96
INSIGHT - P120 CONFIGURED SYSTEM TEMPE, AZ 4,949.00
INSIGHT - P120 CONFIGURED SYSTEM TEMPE, AZ 4,610.00
EZSHOW 840 DATA/VIDEO & DUKANE O/H PROJECTOR HOUSTON, TX 3,410.00
----------
TOTAL EQUIPMENT STOLEN FROM PHOENIX, AZ 19,681.96
UNAUTHORIZED SOFTWARE - HERITAGE
HERITAGE DEVELOPMENT/MARKETING 12,840.00
HERITAGE DEVELOPMENT/MARKETING 12,840.00
HERITAGE DEVELOPMENT/MARKETING 12,840.00
HERITAGE DEVELOPMENT/MARKETING 12,840.00
HERITAGE DEVELOPMENT/MARKETING 588.50
HERITAGE DEVELOPMENT/MARKETING 37,450,00
----------
TOTAL UNAUTHORIZED SOFTWARE - HERITAGE 99,398.50
OPERATING EXPENSES
ELECTRICAL WORK JACKSON, MS $ 1,338.30
HERITAGE DEVELOPMENT SOFTWARE JACKSON, MS 240.75
XXX XXXXXXXX EXP 1,826.89
MISCELLANEOUS JACKSON, MS 492.13
MISCELLANEOUS JACKSON, MS 806.21
MISCELLANEOUS JACKSON, MS 176.27
MISCELLANEOUS IRVINE, CA 214.00
MISCELLANEOUS HOUSTON, TX 59.21
MISCELLANEOUS JACKSON, MS 684.80
MOUNTING HARDWARE UNKNOWN 522.17
PHONE EQUIPMENT CHICAGO, IL 281.62
EQUIPMENT SCOTTSDALE, AZ 846.41
----------
TOTAL OPERATING EXPENSES 7,498.76
----------
TOTAL ASSETS NOT TRANSFERRED TO TEC 135,275.98
==========
E-2
TEC Amendment
Promo Tel, Inc.
June 30, 1996
Memo re: Acquisition of Assets from TEC
On May 1, 1996 Promo Tel entered into an agreement with Telephone Electronics
Corp. ("TEC") for the purchase of:
Description Cost to TEC
Office equipment (consisting of desks, chairs,
credenzas, bookcases, file cabinets, workstations,
computers, computer monitors, keyboards, laser printers,
fax machines and other miscellaneous supplies) $76,839*
Computer file servers (including advanced internet and
intranet software applications and corresponding
telecommunication equipment, hardware and accessories) 1,355,000*
Software, hardware and development technology and
equipment for use in the establishment of high-speed,
satellite-to-home computer data services for individual
consumers. 351,716*
----------
$1,783,555
----------
The aforementioned dollar amounts were listed in schedules supplied to Promo Tel
from TEC and represent the original cost to TEC (not adjusted for depreciation).
These assets were initially put in use by TEC sometime in the beginning of
calendar 1996. Xxxxx Xxxxxxxx, President of Promo Tel, negotiated with TEC to
have such assets reflected at their net book value (adjusted for estimated
accumulated depreciation) [HANDWRITING ILLEGIBLE]. In doing so, Promo Tel and
TEC agreed on an adjusted net amount of $l,667,217. This is evidenced by the
fact that TEC agreed to accept 9,632,312** shares of Promo Tel common stock at a
fixed price per share of $0.173085825** (as indicated in Exhibit B to the
agreement between Promo Tel and TEC).
* Per Exhibits X-0, X-0, X-0 of Promo Tel/TEC agreement (Perm File)
** Per Exhibit B of Promo Tel/TEC agreement (Perm File)
AGREEMENT
This Agreement (the "Agreement"), dated as of May 1, 1996, by and between
Telephone Electronics Corporation, a Mississippi Corporation ("Transferor") and
Promo Tel, Inc., a Nevada Corporation ("Promo Tel").
RECITALS
WHEREAS, Promo Tel is presently engaged in the telecommunications industry
through the marketing and distribution of pre-paid telephone calling cards and
other telecommunication products and services; and
WHEREAS, the Transferor has knowledge, expertise, tangible property,
intellectual property, trade secrets, contractual rights, and interests in
ongoing business operations all involved in or related to the telecommunications
industry, specifically relating to its business division known as TecLink (the
"Subject Properties"), and which Promo Tel proposes to acquire in exchange for
shares of Promo Tel's common stock (the "Shares")
WHEREAS, Promo Tel has engaged in a corporate reorganization ("Reorganization")
which constituted a nontaxable property exchange under the provisions of Section
351 of the Internal Revenue Code; and
WHEREAS, Promo Tel and Transferor desire to enter into the Agreement pursuant to
which the Transferor will transfer and assign to Promo Tel the Subject Property
in exchange for the Shares (the "Transaction").
NOW THEREFORE, in consideration of the foregoing and the mutual promises and
covenants set forth herein IT HAS BEEN AND IT HEREBY IS AGREED as follows:
1. Mutual Agreement to Transfer Property and to Issue Stock. The Transferor
hereby agrees to transfer, convey and assign to Prom Tel its interest in the
Subject Property as hereinafter identified in exchange for the specified number
of Shares of which Promo Tel hereby agrees to issue and deliver to the
Transferor. The exchange of the assignments of the Subject Property and the
Shares shall take place at the Closing of the Agreement.
2. Identification of Subject Property and Specification of Promo Tel Common
Stock to be Issued. The identification and a description of the Subject Property
to be conveyed to Promo Tel and the number of Shares to be issued to Transferor
is as shown on Exhibit A and Exhibit B,
1
respectively, attached hereto and made a part hereof.
3. General Representations of Transferor. The Transferor hereby represents and
warrants to Promo Tel that: (a) it is a Mississippi corporation in good
standing, (b) except as set forth herein, Transferor has good and marketable
title to the interest(s) in the Subject Property being conveyed to Promo Tel by
Transferor; (c) Transferor will convey the interest(s) in the Subject Property
to Promo Tel free and clear of all encumbrances; (d) Transferor is the sole
owner of the Subject Property being conveyed hereunder and no other person or
entity will have an interest in or to the Shares of Promo Tel to be received
hereunder; (e) Transferor will execute and deliver to Promo Tel such
documentation evidencing the conveyance of the interest(s) in the Subject
Property in such form as counsel for Promo Tel may reasonably require; (f) the
execution and delivery of this Agreement by Transferor, and the performance of
its covenants and obligations hereunder have been duly authorized by all
necessary corporate action of Transferor and such Agreement represents the legal
and binding obligations of Transferor; and (g) Transferor agrees to comply with
and make all filings required by securities laws and to cooperate with and
assist Promo Tel with its securities filings with respect to Transferor.
4. General Representations of Promo Tel. Promo Tel hereby represents and
warrants that: (a) it is a Nevada corporation in good standing; (b) it is in the
process of qualifying to do business in the states where its business so
requires and where the failure to have so qualified would not have a material
adverse effect on Promo Tel, its businesses taken as a whole or the Shares; (c)
its present authorized capital stock consists of 100,000,000 shares of $.001 par
value common stock and 1,000,000 shares of $.001 par value preferred stock
("Preferred"); (d) as of the date of the Agreement there are no shares of its
preferred stock outstanding and there are no outstanding options or other rights
to acquire any shares of Preferred; (e) as of April 25, 1996 Promo Tel had
outstanding 33,529,249 Shares of its common stock and is committed to issue an
additional 5,000,000 Shares of Common Stock in conversion of payment of
promissory notes aggregating $500,000 (such notes were issued for $500,000 in
cash) at $0.10 per share; (f) other than as set out in Section 4(e) there are no
outstanding options or other rights to acquire any Shares except for Shares to
be issued pursuant to this Agreement; (g) prior to July of 1995 Promo Tel was in
a dormant state and since that time it has engaged in active operations
involving the marketing and distribution of prepaid telephone cards and other
telecommunications products and services; (h) during the period from August 1,
1995 through December 31, 1995 Promo Tel's gross revenues from operations was
approximately $6,800,000; (i) during the period from August 15, 1995 to December
31, 1995 Promo Tel has received $1,000,000 in investment capital, $500,000 from
the sale of 5,000,000 Shares of its common stock
2
and $500,000 for promissory notes (such notes to be converted into 5,000,000
Shares of common stock), substantially all of which has been expended in its
operations in its efforts in Promo Tel's development program; and (j) the
execution and delivery of this Agreement by Promo Tel, and the performance of
its covenants and obligations hereunder have been duly authorized by all
necessary corporate action of Promo Tel and such Agreement represents the legal
and binding obligations of Promo Tel.
Promo Tel further agrees and warrants that as of the Closing (as defined below)
it will not have outstanding any of its capital stock or rights, options or
other obligations to acquire such Shares or Preferred other than as described in
this Section 4.
5. Transferor's Investment Representations. Transferor hereby acknowledges,
represents and/or agrees that: (a) Transferor is acquiring all Shares to be
issued under the Agreement (the "Stock") for the Transferor's own account for
investment and not with a view to distribution; (b) the sale or transfer of the
Stock or any interest therein is severely restricted; (C) the delivery of the
Stock hereunder has not been registered under the Securities Act of 1933 or the
securities law of any other jurisdiction; (d) the Stock cannot be sold or
transferred by Transferor or any other person or entity unless they are
subsequently registered under applicable laws or an exemption from registration
is available; (e) although Promo Tel is required under certain circumstances to
register the Shares of Common Stock as set forth below, it is not required to
make any exemption from registration available and accordingly, Transferor must
bear the economic risk of this investment for an indefinite period of time; and
(f) Promo Tel may cause the following legend or one similar thereto to be set
forth on each certificate representing the Stock:
"The Shares represented by this Certificate have not been registered
under the Securities Act of 1933 ("Act") and are "restricted
securities" as that term is defined in Rule 144 under the Act. The
Shares may not be offered for sale, sold or otherwise transferred
except pursuant to an effective registration statement under the Act
or pursuant to an effective registration statement under the Act or
pursuant to an exemption from registration under the Act, the
availability of which is to be established to the satisfaction of
the Company."
6. Promo Tel's Securities Representations. (a) Promo Tel intends to pursue the
registration of its Shares under Section 12(g) of the Securities Exchange Act of
1934 (the "Exchange Act"), and the qualification of such
3
Shares for trading in the over-the-counter market; (b) all Shares previously
delivered to the holders thereof are, and the Stock to be delivered will be duly
and validly issued, fully paid and non assessable and were either registered
with the SEC under the Act or issued in full legal compliance with a lawful
exemption from registration; (c) Promo Tel has been and will be at the time of
delivery of the Stock in full compliance with all Federal and State securities
laws; and (d) Promo Tel agrees that it shall not use the names or marks of
Transferor or any of Transferor's subsidiaries, directors, officers or
representatives without the prior written consent of Transferor, except as
required by securities laws pertaining to Share ownership, provided however,
that Transferor shall be entitled to require simultaneous notice thereof.
7. Speculative Nature of Investment. Transferor hereby acknowledges that it
understands that an investment in the Stock is speculative and subject to a high
degree of risk and that it has reviewed the risk factors involved in the
investment including: (a) that the success of the Promo Tel is dependent upon
Promo Tel's acquisition of substantial amounts of additional cash to finance its
operations of which there is no assurance; (b) Promo Tel will face significant
actual and potential competition, much of which will be from organizations with
established businesses, reputations and greater capital and personnel resources
than Promo Tel; (c) a substantial portion of the present and proposed business
of Promo Tel is highly volatile in nature and there is no assurance Promo Tel
will be able to expand or retain its present level of activities; (d) Promo Tel
will be developing a new business involving new technology and/or new uses for
existing technology and an investment in such a new venture is inherently
speculative; (e) Promo Tel has not conducted or received any definite study of
the potential market acceptance of proposed personal computer - Internet
business, and thus, has no assurance of its market acceptance even if Promo Tel
is successful in its development; (f) the exchange ratios for the issuance of
the Stock for the Subject Property has been determined by negotiations between
the Transferor and Promo Tel and were not based upon any specific recognized
criteria or value; (g) it is not now possible to definitely determine the price
at which Promo Tel will be able to raise the necessary additional working
capital for Promo Tel, accordingly, Transferor faces risk of future dilution in
the value of the investment as well as a risk of loss of the transferred Subject
Property if sufficient additional capital does not become available; and (h) the
telecommunications industry is subject to a substantial degree of government
regulation and future changes in such regulation could adversely affect the
operations of Promo Tel.
8. Closing. The closing date shall be such time and date (the "Closing")
4
and shall be held at such place as the parties mutually agree; but in the
absence of such Agreement shall be held at the offices of Transferor at 10:00 AM
(local time) on May 1, 1996. At the Closing (a) the Transferor will deliver to
Promo Tel all certificates, assignments and other documents which may be
necessary and appropriate to transfer and convey its interest in the Subject
Property as listed in Section 2 of this Agreement, all in form and substance
reasonably satisfactorily to counsel for Promo Tel; and (b) Promo Tel shall
deliver to the Transferor certificates evidencing the Stock to be issued to the
Transferor pursuant to paragraph 2 of this Agreement together with such other
documents, if any , which may be necessary and appropriate to accomplish the
delivery of the Stock all in form and substance reasonably satisfactory to the
Transferor or its counsel.
9. Conditions to Promo Tel's Obligations to Close. All obligations of Promo Tel
to be performed at the Closing are subject to the fulfillment, prior to or at
the Closing, of each of the conditions hereinafter set forth in this Section 9.
Nothing in this Section 9 shall limit or restrict any rights or remedies which
Promo Tel may have by reason of any misrepresentation, breach of warranty or non
fulfillment of any covenant, agreement or obligation by the Transferor under or
pursuant to this Agreement. These conditions to the performance by Promo Tel of
its obligations are:
(a) The representations and warranties of the Transferor contained in this
Agreement or in any writing, certificate, schedule, exhibit, statement, list,
report, instrument or other document furnished or delivered to Promo Tel
pursuant to the terms hereof shall be materially true and correct and as of the
Closing as fully as if such representations and warrants had been made or given
at the Closing;
(b) The Transferor shall have performed and complied with all covenants and
conditions required by the Agreement to be performed or complied with by it
prior to or at the Closing;
(c) Promo Tel shall have received from the Transferor at or prior to the
Closing, all of the certificates, assignments and other documents required to be
delivered pursuant to Section 9 hereof;
(d) No event shall have occurred prior to the Closing, including without
limitation, loss of or damage to any of the Subject Property which in the
reasonable judgment of Promo Tel, materially and adversely affects the value of
the Subject Property whether or not any such event is covered by insurance;
provided however that any dispute, claims or lawsuits involving (i) Xxxxxx
Xxxxx or Heritage Graphics, Inc. ("Heritage") (a "Heritage Claim")
5
(ii) U.S. Robotics ("USR") (a "USR Claim") , (iii) Suns, Inc. of Phoenix,
Arizona ("Suns") (a "Suns Claim") and/or (iv) Netscape ("Netscape") (a "Netscape
Claim") shall not be grounds for Promo Tel's refusal to proceed to Closing;
(e) No action or proceeding by any person, entity, administrative agency or
public authority shall be pending or threatened against any party hereto, to
restrain, prohibit or nullify the consummation of the transactions contemplated
herein, or wherein an unfavorable judgment, decree or order would prevent or
make unlawful the fulfillment of this Agreement or performance thereunder other
than any Heritage Claim, USR Claim and/or Netscape Claim; and
(f) The Transferor shall have obtained in writing all requisite consents (if
any) from third parties with respect to the sale, conveyance, transfer, or
assignment of the Subject Property hereunder, except those relating to any
Heritage Claim, USR Claim, Suns Claim and/or Netscape Claim.
10. Conditions to the Transferor's Obligations to Close. All obligations of the
Transferor to be performed at the Closing are subject to the fulfillment, prior
to or at the Closing, of each of the conditions hereinafter set forth in this
Section 10. Nothing in this Section 10 shall limit or restrict any rights or
remedies which the Transferor may have by reason of any misrepresentation,
breach of warranty or non fulfillment of any covenant agreement or obligation by
Promo Tel under or pursuant to this Agreement. These conditions to the
performance by the Transferor of its obligations are:
(a) The representations and warranties of Promo Tel contained in this Agreement
or in any writing, certificate, schedule, exhibit, statement, list report,
instrument or other document furnished or delivered to Transferor pursuant to
the terms of this Agreement shall be true at and as of the Closing as fully as
if such representations and warrants had been made or given at the Closing;
(b) Promo Tel shall have performed and complied with agreements and conditions
required by this Agreement to be performed or complied with by Promo Tel prior
to or at the Closing;
(c) The Transferor shall have received from Promo Tel, at or prior to the
Closing, all of the certificates, instruments and other documents required to be
delivered pursuant to the terms hereof;
6
(d) No event shall have occurred prior to the Closing, including, without
limitation, loss of or damage to any of the assets of Promo Tel which, in the
reasonable judgment the Transferor, materially and adversely affects the value
of Promo Tel and or the business thereof or the Stock, whether or not such event
is covered by insurance other than any Heritage Claim, USR Claim and/or Netscape
Claim; and
(e) No action or proceeding by any person, entity, administrative agency or
public authority shall be pending or threatened against any party hereto, to
restrain, prohibit or nullify the consummation of the transactions contemplated
herein, or wherein an unfavorable judgment, decree or order would prevent or
make unlawful the fulfillment of this Agreement or performance hereunder, other
than any Heritage Claim, USR Claim and/or Netscape Claim.
11. Indemnification. The parties agree that the following indemnification
provisions shall apply:
(a) The Transferor shall defend, indemnify and hold Prom Tel harmless from,
against and in respect of any and all claims, demands, lawsuits, proceeding,
losses, assessments, fines, penalties, administrative orders, obligations,
costs, expenses, liabilities and damages, including interest, penalties and
reasonable attorney's fees (all of the foregoing hereinafter referred to
collectively as ("Claims"), which arise, result from or are related to the
Transferor's breach of, or failure to perform, any of its representations,
warranties, covenants, commitments, agreements or obligations under this
Agreement or in any writing, certificate, exhibit, schedule, statement, list,
report, instrument, or other document furnished or delivered to Promo Tel in
connection with this Agreement (including, without limitation, any
misrepresentation in, or omission from, this Agreement or any writing,
certificate, exhibit, schedule, statement, list or report to Promo Tel in
connection with this Agreement.
(b) Promo Tel shall defend, indemnify and hold Transferor harmless from, against
and in respect of any and all claims, demands, lawsuits, proceeding, losses,
assessments, fines, penalties, administrative orders, obligations, costs,
expenses, liabilities and damages, including interest, penalties and reasonable
attorney's fees (all of the foregoing hereinafter referred to collectively as
("Claims"), which arise, result from or are related to Promo Tel's breach of, or
failure to perform, any of its representations, warranties, covenants,
commitments, Agreements or obligations under this Agreement or in any writing,
certificate, exhibit, schedule, statement, list, report, instrument, or other
document furnished or delivered to Promo Tel in
7
connection with this Agreement (including, without limitation, any
misrepresentation in, or omission from, this Agreement or any writing,
certificate, exhibit, schedule, statement, list or report to Transferor in
connection with this Agreement;
(c) Transferor shall indemnify and hold Promo Tel harmless from all Claims
associated with the Subject Property, including but not limited to the Heritage
Claim, incurred or relating to periods prior to the Effective Time (as defined
below) and Promo Tel shall indemnify and hold Transferor harmless from all
Claims associated with the Subject Property, including but not limited to the
Heritage Claim incurred or relating to periods after the Effective Time; and
(d) In the event Netscape seeks to make Claims against Transferor, Promo Tel
agrees to indemnify and hold Transferor harmless from any Netscape Claim.
12. Arbitration. Promo Tel and Transferor agree to provide the other with
written notice of any claimed breach of the Agreement. The party receiving the
notice of alleged breach shall have five days to cure the breach. If after the
30 days no resolution has been achieved the involved parties shall arbitrate the
dispute utilizing the services and Rules and Regulation of the American
Arbitration Association. Such arbitration shall be binding and shall be
conducted in Atlanta, Georgia.
13. Execution. The Agreement may by executed in counterparts and each of such
counterparts shall, for all purposes, be deemed to be an original but altogether
only one (1) Agreement. The effective time (the "Effective Time") of the
Transaction shall be 11:59 P.M. Central Time on January 20, 1996, provided
however, that delivery of Stock shall not be required until the Closing or as
soon thereafter as Promo Tel's transfer agent is capable of delivery thereof.
14. Notices. All notices required to be given thereunder relating to the
Agreement shall be in writing and shall be deemed to have been duly given on the
date of receipt if sent by overnight delivery to the party to whom notice is to
be given, and properly addressed, at the address set forth below. Any party may
at any time direct in writing that all communications or particular
communications or particular types of communications be delivered to a different
address or addressee other than those specified herein by notifying the other
party in the manner prescribed herein for the giving of notice.
8
15. Assignment. This Agreement shall inure to the benefit of and be binding on
the Transferor, Promo Tel and their respective successors, assigns, legal
representatives and heirs. This Agreement shall not be assigned by any party
without the prior written consent of the other party. Any attempted assignment
without such consent shall be void.
16. Entirety, Amendments and Relationship. The Agreement constitutes the entire
contract, Agreement and understanding of the parties. The Agreement may only be
amended in writing executed by the parties. The parties agree that the
relationship created herein is that of assignor (Transferor) and assignee (Promo
Tel). Nothing herein shall be construed, nor shall anything be implied as
creating any additional relationships between the parties, including but not
limited to, that of partner, joint venturer, contractor, agent or otherwise.
17. Law. The Agreement shall be governed by and construed under the laws of
Mississippi.
18. Piggy-Back Registration and Other Rights. (a) Transferor shall have, at its
option, "piggy back" registration rights to require the Stock to be registered
under the 1933 Act on a pro rata basis to the total number of Shares involved in
such registration, if, within three years of the Closing, Promo Tel files a
registration statement under such Act covering Shares of common stock on Form X-
0, X-0 or S-3; provided, however, that such registration rights shall not be
effective if the offering to be registered by Promo Tel is an underwritten
public offering and the underwriter advises Transferor to the effect that the
inclusion of the Stock as part of the underwriting would adversely affect the
underwriter's ability to make the offering; (b) in the event Xxxxx Xxxxxxxx
("Principal") enters into an agreement for the private transfer, sale or
exchange of his shares of common stock, he agrees that he shall not enter such
agreement without including the Stock on a pro-rata basis (i.e. if Principal
proposes to transfer 50% of his shares he must cause the transferee to contract
to purchase 50% of the Stock from Transferor).
19. Heritage Claim. (a) Promo Tel and Transferor each acknowledge existence of
the Heritage Claim which could result in litigation against each of the parties
by Heritage and counter-claims by the parties against Heritage. The parties
agree that each has conducted its own investigation of such claim and Promo Tel
agrees to accept all risks associated with the Heritage Claim as the same
pertains to Promo Tel, TECLink, Inc. and any of their affiliates, directors,
officers, employees or representatives. The parties agree to bear their own
expenses and cooperate in any such litigation and
9
further agree not to file any cross-claims against each other in such
litigation, the same being expressly assumed and released by each party hereto.
The parties specifically agree to indemnify and hold each other harmless in
accordance with Section 11(c) with regard to the Heritage Claim.
(b) The parties acknowledge and agree that the Subject Property contains
$88,810.00 in developmental software (the "Software") involved in the Heritage
Claim. Promo Tel acknowledges, understands and agrees that certain issues have
arisen with respect to Transferor's ability to reproduce, use, sell and/or
distribute the Software without infringing upon proprietary rights of Apple
Computer, Progressive Network or other developers which may have obtained rights
from such companies. The transfer of the Software is made without any warranties
on the part of Transferor, the same being specifically disclaimed by Transferor.
Promo Tel accepts the Software without warranty and acknowledges and agrees this
is a specific exception to Section 3(b) above. Notwithstanding the foregoing,
Transferor shall maintain primary responsibility for resolution of the Heritage
Claim as it pertains to the Software. In the event it is determined that the
Software infringes upon other's rights, Promo Tel shall be entitled to an
Adjustment (as defined below). In no event shall Transferor shall be responsible
for paying developer or licensing fees to any person or entity claiming any
infringement unless mutually agreed by the parties hereto. The obligations
contained in this Section 19(b) are Transferor's sole obligations with respect
to the Software.
20. Adjustments. (a) Transferor acknowledges that as a result of the Software,
the USR Claim and/or the Suns Claim that it may be responsible to make an
adjustment ("Adjustment") in the number of Shares received from Promo Tel by
delivery and reassignment of certain Shares to Transferor. In the event of an
Adjustment, Transferor shall be responsible for delivery of a certificate or
certificates representing the Stock determined by dividing the total amount of
any Adjustment by the Promo Tel Stock Price (as defined in Exhibit B).
(b) The parties agree that the following Adjustments shall be the only
Adjustments to the Stock received by Transferor: (i) the Software - not to
exceed $88,810.00 (ii) the USR Claim - an amount determined by a pro rata
portion of any price reduction (from the present pricing of $840.00 per port)
offered by USR with respect to equipment which is the subject of the USR Claim
and (iii) the Suns claim - $18,436.04.
(c) With respect to the Suns, Promo Tel shall be responsible for pursuing
10
Suns in order to have certain equipment shipped to Promo Tel and/or paid for by
Suns. In the event Promo Tel is unable to obtain such equipment or payment
thereof within a reasonable period of time after reasonable efforts on its part,
it shall give notice to Transferor and shall be entitled to an Adjustment
thereof.
(d) With respect to the USR Claim, the parties agree that when such Claim is
resolved, the parties will simultaneously issue checks to USR in order to
promptly and fully resolve such Claim.
(e) In the event of an Adjustment, unless the parties agree otherwise, should
such Adjustment result in Promo Tel's not qualifying as an "affiliate" under the
MCI Contract (as defined in Exhibit A) then Transferor shall no longer be
required to offer Promo Tel the contract rights set forth on Exhibit A, Number
6.
21. Non-Prohibition. Nothing contained herein shall be construed as prohibiting
Transferor or any of its subsidiaries or affiliates from entering into or
continuing any existing telecommunications or other business, including but not
limited to, any Internet access business or otherwise. Promo Tel acknowledges
and agrees that it is not receiving any non-competition covenants or agreements
from Transferor.
IN WITNESS WHEREOF, the parties to the Agreement have duly executed it as set
forth below.
PROMO TEL:
PROMO TEL, INC.
By: /s/ Xxxxx Xxxxxxxx
-----------------------------
Xxxxx Xxxxxxxx, President
TRANSFEROR:
TELEPHONE ELECTRONICS
CORPORATION
By: /s/ Xxxxxx X. Xxxxx, Xx.
-----------------------------
Xxxxxx X. Xxxxx, Xx.
Executive Vice President
11
EXHIBIT A
SUBJECT PROPERTY
Certain assets being utilized, or capable of being utilized, in
Transferor's Internet access business consisting of all of Transferor's right,
title and interest (as qualified in the Agreement, attached hereto and made a
part hereof to the following:
1) Federal Service Xxxx (Serial Number 75/004054) relating to the name
"TECLink" and more fully described on that certain Filing Receipt
for Trade Xxxx Applicant, attached hereto and made a part hereof.
2) Fixed Assets consisting of those assets formerly belonging to
Transferor's subsidiary, TEC Operator Services, Inc., and more fully
described on Schedule A-1 attached hereto and made a part hereof.
3) Assets consisting of hardware, software and intangibles relating to
Transferor's Internet access business and more fully described on
Schedule A-2 attached hereto and made a part hereof.
4) Assets consisting of hardware, software, trade secrets and other
intangibles relating to Transferor's investment in the Xxxxxx
Project and more fully described on Schedule A-3 attached hereto and
made a part hereof.
5) Customer lists and accounts receivable (for periods subsequent to
the Effective Time) relating to Transferor's Internet access
business consisting of 1,371 customers.
6) Contract right to purchase MCI services pursuant to Transferor's MCI
Carrier Contract (the "MCI Contract"). TEC shall designate Promo Tel
as an "affiliate" under the MCI Contract, provided however, that
Promo Tel shall comply with all the terms and conditions of such
contract and the rules and procedures set forth by Transferor's MCI
Contract administrator. This right shall terminate upon expiration
of the MCI Contract. Transferor shall have the right, in its sole
discretion, to modify or terminate the MCI Contract in its entirety.
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
696 BOARD, CORK KITCHEN/LOUNGE 18.79
--------------------------------------------------------------------------------
588 BOARD, CORK BACK WALL OPERATOR CENTER 18.79
--------------------------------------------------------------------------------
100387 BOARD, CORK OC OFF 5 18.79
--------------------------------------------------------------------------------
100375 BOARD, CORK OC 4.99
--------------------------------------------------------------------------------
100381 BOARD, CORK KITCHEN/LOUNGE 4.99
--------------------------------------------------------------------------------
100423 BOARD, CORK OC OFF 3 4.99
--------------------------------------------------------------------------------
100425 BOARD, CORK BACK WALL OPERATOR CENTER 18.99
--------------------------------------------------------------------------------
927 BOARD, CORK 2 X 3 OC OFF 9 4.68
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
110 BOARD, WHITE OC OFF 4 49.78
--------------------------------------------------------------------------------
126 BOARD, WHITE OC OFF 7 49.78
--------------------------------------------------------------------------------
179 BOARD, WHITE OC OFF 6 49.78
--------------------------------------------------------------------------------
251 BOARD, WHITE OC/XXXXX XXXXX 49.78
--------------------------------------------------------------------------------
269 BOARD, WHITE EXECUTIVE CONFERENCE 49.78
--------------------------------------------------------------------------------
340 BOARD, WHITE TRAINING ROOM 49.78
--------------------------------------------------------------------------------
341 BOARD, WHITE TRAINING ROOM 49.78
--------------------------------------------------------------------------------
948 BOARD, WHITE OC OFF 5 49.78
--------------------------------------------------------------------------------
100010 BOARD, WHITE OC OFF 9 65.65
--------------------------------------------------------------------------------
100022 BOARD, WHITE OC OFF 8 55.65
--------------------------------------------------------------------------------
100038 BOARD, WHITE OC OFF 1 60.95
--------------------------------------------------------------------------------
100226 BOARD, WHITE OC 49.78
--------------------------------------------------------------------------------
100083 BOARD, WHITE WOODEN CASE EXECUTIVE, OFFICE 49.78
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
\-------------------------------------------------------------------------------
125 BOOKCASE, 2 SHELF METAL TRAINING 57.39
--------------------------------------------------------------------------------
194 BOOKCASE, 2 SHELF METAL OC SUPV 57.39
--------------------------------------------------------------------------------
207 BOOKCASE, 2 SHELF METAL OC OFF 3 57.39
--------------------------------------------------------------------------------
242 BOOKCASE, 2 SHELF METAL OC OFF 2 57.39
--------------------------------------------------------------------------------
244 BOOKCASE, 2 SHELF METAL XXXXXX GRAYIN 57.39
--------------------------------------------------------------------------------
288 BOOKCASE, 2 SHELF METAL OC 57.39
--------------------------------------------------------------------------------
358 BOOKCASE, 2 SHELF METAL OC 57.39
--------------------------------------------------------------------------------
382 BOOKCASE, 2 SHELF METAL TRAINING ROOM 57.39
--------------------------------------------------------------------------------
750 BOOKCASE, 2 SHELF METAL OC OFF 7 57.39
--------------------------------------------------------------------------------
857 BOOKCASE, 2 SHELF METAL CUSTOMER SERVICE 57.39
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
359 BOOKCASE, 3 SHELF METAL OC 70.93
--------------------------------------------------------------------------------
823 BOOKCASE, 3 SHELF METAL OC OFF 3 77.54
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
828 BOOKCASE, 4 SHELF METAL OC/XXXXX XXXXX 88.12
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
170 BOOKCASE, 4 SHELF WOOD OC OFF 5 75.75
--------------------------------------------------------------------------------
195 BOOKCASE, 4 SHELF WOOD OC OFF 3 75.75
--------------------------------------------------------------------------------
243 BOOKCASE, 4 SHELF WOOD OC OFF 4 75.75
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100008 BOOKCASE, LIGHT OAK OC OFF 8 111.55
--------------------------------------------------------------------------------
100061 BOOKCASE, LIGHT OAK EXECUTIVE, SECRETARY 111.55
--------------------------------------------------------------------------------
100204 BOOKCASE, LIGHT OAK CUSTOMER SERVICE/MKT 111.55
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
589 CABINET, STOCK OC/SUPPLY CLOSET 120.59
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
198 CALCULATOR, CANON OC OFF 2 21.83
--------------------------------------------------------------------------------
Page 1 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
382 CALCULATOR, CANON OC 21.63
--------------------------------------------------------------------------------
906 CALCULATOR, CANON PERSONNEL/XXXXXXXX MAYU 17.75
--------------------------------------------------------------------------------
925 CALCULATOR, CANON CUSTOMER SERVICE/MKT 17.76
--------------------------------------------------------------------------------
100078 CALCULATOR, CANON TECH ROOM 21.25
--------------------------------------------------------------------------------
100206 CALCULATOR, CANON CUSTOMER SERVICE 17.76
--------------------------------------------------------------------------------
77 CALCULATOR, SHARP TECH ROOM 8.17
--------------------------------------------------------------------------------
100011 CALCULATOR, SHARP OC OFF 8 22.50
--------------------------------------------------------------------------------
100056 CALCULATOR, SHARP RECEPTION, EXECUTIVE 26.25
--------------------------------------------------------------------------------
100080 CALCULATOR, SHARP EXECUTIVE, SECRETARY 26.25
--------------------------------------------------------------------------------
100184 CALCULATOR, SHARP OC CLOSET/NIU 26.25
--------------------------------------------------------------------------------
100202 CALCULATOR, SHARP XXXXXX XXXXXXX 26.25
--------------------------------------------------------------------------------
100239 CALCULATOR, SHARP OCC OFF 3 26.25
--------------------------------------------------------------------------------
100207 CALCULATOR, TEXAS INS CUSTOMER SERVICE 27.50
--------------------------------------------------------------------------------
123 CALCULATOR, TI XXXXX XXXXX 30.30
--------------------------------------------------------------------------------
155 CALCULATOR, XXXXXX PERSONNEL/XXXXXX XXXXX 21.43
--------------------------------------------------------------------------------
205 CALCULATOR, XXXXXX OC OFF 5 21.43
--------------------------------------------------------------------------------
241 CALCULATOR, XXXXXX OC OFF 1 21.43
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
778 CAMERA, SURVEILLANCE ENTRANCE 44.52
--------------------------------------------------------------------------------
779 CAMERA, SURVEILLANCE ENTRANCE 44.52
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
928 CART TECH ROOM 147.34
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
104 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
112 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
182 CHAIR, ARM SIDE EXECUTIVE/SECRETARY 80.46
--------------------------------------------------------------------------------
197 CHAIR, ARM SIDE CUSTOMER SERVICE 80.46
--------------------------------------------------------------------------------
215 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
232 CHAIR, ARM SIDE OC OFF 4 80.46
--------------------------------------------------------------------------------
248 CHAIR, ARM SIDE TRAINING 80.46
--------------------------------------------------------------------------------
249 CHAIR, ARM SIDE TRAINING 80.46
--------------------------------------------------------------------------------
250 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
295 CHAIR, ARM SIDE OC OFF 7 80.46
--------------------------------------------------------------------------------
324 CHAIR, ARM SIDE OC OFF 3 80.46
--------------------------------------------------------------------------------
325 CHAIR, ARM SIDE TRAINING 80.46
--------------------------------------------------------------------------------
326 CHAIR, ARM SIDE OC OFF 5 80.46
--------------------------------------------------------------------------------
327 CHAIR, ARM SIDE OC 80.46
--------------------------------------------------------------------------------
328 CHAIR, ARM SIDE OC 80.46
--------------------------------------------------------------------------------
329 CHAIR, ARM SIDE OC OFF 8 80.46
--------------------------------------------------------------------------------
330 CHAIR, ARM SIDE OC OFF 6 80.46
--------------------------------------------------------------------------------
332 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
333 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
334 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
335 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
336 CHAIR, ARM SIDE OC OFF 7 80.46
--------------------------------------------------------------------------------
337 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
338 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
339 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
342 CHAIR, ARM SIDE TECH ROOM 80.46
--------------------------------------------------------------------------------
350 CHAIR, ARM SIDE OC OFF 1 80.46
--------------------------------------------------------------------------------
351 CHAIR, ARM SIDE CUSTOMER SERVICE 80.46
--------------------------------------------------------------------------------
393 CHAIR, ARM SIDE OC/XXXXX XXXXX 109.16
--------------------------------------------------------------------------------
637 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
638 CHAIR, ARM SIDE TRAINING ROOM 80.46
--------------------------------------------------------------------------------
648 CHAIR, ARM SIDE CYBERLOG ROOM 80.46
--------------------------------------------------------------------------------
Page 2 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
738 CHAIR, ARM SIDE CUSTOMER SERVICE 80.45
--------------------------------------------------------------------------------
749 CHAIR, ARM SIDE OC OFF 3 80.45
--------------------------------------------------------------------------------
751 CHAIR, ARM SIDE TRAINING ROOM 80.45
--------------------------------------------------------------------------------
807 CHAIR, ARM SIDE MARKETING/XXXX XXXXXXX 93.60
--------------------------------------------------------------------------------
808 CHAIR, ARM SIDE MARKETING/XXXXX XXXXX 93.60
--------------------------------------------------------------------------------
818 CHAIR, ARM SIDE XXXXXX XXXXXXX 93.60
--------------------------------------------------------------------------------
851 CHAIR, ARM SIDE XXXX XXXXXXX 93.60
--------------------------------------------------------------------------------
859 CHAIR, ARM SIDE CUSTOMER SERVICE/MKT 93.60
--------------------------------------------------------------------------------
862 CHAIR, ARM SIDE XXXXXX XXXXXXX 93.60
--------------------------------------------------------------------------------
870 CHAIR, ARM SIDE CUSTOMER SERVICE/MKT 93.60
--------------------------------------------------------------------------------
874 CHAIR, ARM SIDE CUSTOMER SERVICE/MKT 93.60
--------------------------------------------------------------------------------
100317 CHAIR, ARM SIDE ACCT/XXXX XXXX 99.22
--------------------------------------------------------------------------------
100322 CHAIR, ARM SIDE XXXX XXXXXXX 99.22
--------------------------------------------------------------------------------
100489 CHAIR, ARM SIDE CUSTOMER SERVICE 99.22
--------------------------------------------------------------------------------
100493 CHAIR, ARM SIDE OC OFF 4 99.22
--------------------------------------------------------------------------------
100514 CHAIR, ARM SIDE CUSTOMER SERVICE/MKT 99.22
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
88 CHAIR, EXECUTIVE OC OFF 8 117.91
--------------------------------------------------------------------------------
171 CHAIR, EXECUTIVE TECH ROOM 117.91
--------------------------------------------------------------------------------
180 CHAIR, EXECUTIVE OC OFF 4 117.91
--------------------------------------------------------------------------------
192 CHAIR, EXECUTIVE OC OFF 5 117.91
--------------------------------------------------------------------------------
299 CHAIR, EXECUTIVE XXXX XXXXXX 117.91
--------------------------------------------------------------------------------
642 CHAIR, EXECUTIVE TECH ROOM 117.91
--------------------------------------------------------------------------------
744 CHAIR, EXECUTIVE OC/XXXXX XXXXX 117.91
--------------------------------------------------------------------------------
845 CHAIR, EXECUTIVE CUSTOMER SERVICE/MKT 137.15
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
253 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
254 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
256 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
257 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
258 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
259 CHAIR, HIGH BACK EXECUTIVE OC OFF 5 92.97
--------------------------------------------------------------------------------
260 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
261 CHAIR, HIGH BACK EXECUTIVE OC OFF 7 92.97
--------------------------------------------------------------------------------
262 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
263 CHAIR, HIGH BACK EXECUTIVE EXECUTIVE CONFERENCE 92.97
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
319 CHAIR, KITCHEN (15) KITCHEN/LOUGNE 148.59
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
109 CHAIR, ROLLING TALL OPERATOR CENTER 100.76
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
85 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
127 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
139 CHAIR, SECRETARIAL TECH ROOM 100.76
--------------------------------------------------------------------------------
140 CHAIR, SECRETARIAL OC OFF 2 100.76
--------------------------------------------------------------------------------
151 CHAIR, SECRETARIAL OC POS 6 100.76
--------------------------------------------------------------------------------
191 CHAIR, SECRETARIAL OC SUPV 100.76
--------------------------------------------------------------------------------
213 CHAIR, SECRETARIAL OC POS 26 100.76
--------------------------------------------------------------------------------
294 CHAIR, SECRETARIAL TECH ROOM 100.76
--------------------------------------------------------------------------------
370 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
371 CHAIR, SECRETARIAL OC SUPV 100.76
--------------------------------------------------------------------------------
391 CHAIR, SECRETARIAL OC POS 5 100.76
--------------------------------------------------------------------------------
406 CHAIR, SECRETARIAL OC POS 15 100.76
--------------------------------------------------------------------------------
Page 3 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
412 CHAIR, SECRETARIAL OC POS 11 100.76
--------------------------------------------------------------------------------
418 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
430 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
436 CHAIR, SECRETARIAL OC POS 32 100.76
--------------------------------------------------------------------------------
448 CHAIR, SECRETARIAL OC POS 45 100.76
--------------------------------------------------------------------------------
454 CHAIR, SECRETARIAL RECEPTION/EXECUTIVE 100.76
--------------------------------------------------------------------------------
472 CHAIR, SECRETARIAL IC IFF 2 100.76
--------------------------------------------------------------------------------
478 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
490 CHAIR, SECRETARIAL TECH ROOM 100.76
--------------------------------------------------------------------------------
526 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
538 CHAIR, SECRETARIAL OC POS 4 100.76
--------------------------------------------------------------------------------
564 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
622 CHAIR, SECRETARIAL OC POS 27 100.76
--------------------------------------------------------------------------------
630 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
633 CHAIR, SECRETARIAL OC POS 31 100.76
--------------------------------------------------------------------------------
649 CHAIR, SECRETARIAL OC POS 17 100.76
--------------------------------------------------------------------------------
722 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
724 CHAIR, SECRETARIAL OC POS 40 100.76
--------------------------------------------------------------------------------
735 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
757 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
934 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
935 CHAIR, SECRETARIAL OC 100.76
--------------------------------------------------------------------------------
937 CHAIR, SECRETARIAL OC POS 12 100.76
--------------------------------------------------------------------------------
969 CHAIR, SECRETARIAL OC POS 13 100.76
--------------------------------------------------------------------------------
970 CHAIR, SECRETARIAL OC POS 30 100.76
--------------------------------------------------------------------------------
975 CHAIR, SECRETARIAL OC POS 2 100.76
--------------------------------------------------------------------------------
978 CHAIR, SECRETARIAL OC POS 14 100.76
--------------------------------------------------------------------------------
979 CHAIR, SECRETARIAL OC POS 22 100.76
--------------------------------------------------------------------------------
980 CHAIR, SECRETARIAL OC POS 33 100.76
--------------------------------------------------------------------------------
981 CHAIR, SECRETARIAL OC POS 10 148.28
--------------------------------------------------------------------------------
982 CHAIR, SECRETARIAL RECEPTION/EXECUTIVE 117.22
--------------------------------------------------------------------------------
983 CHAIR, SECRETARIAL OC SUPV 146.28
--------------------------------------------------------------------------------
984 CHAIR, SECRETARIAL OC POS 21 100.76
--------------------------------------------------------------------------------
985 CHAIR, SECRETARIAL CUSTOMER SERV. TECH ROOM 100.76
--------------------------------------------------------------------------------
987 CHAIR, SECRETARIAL OC POS 24 100.76
--------------------------------------------------------------------------------
988 CHAIR, SECRETARIAL OC POS 20 148.28
--------------------------------------------------------------------------------
100456 CHAIR, SECRETARIAL OC POS 43 148.28
--------------------------------------------------------------------------------
100458 CHAIR, SECRETARIAL OC 148.28
--------------------------------------------------------------------------------
100460 CHAIR, SECRETARIAL OC POS 37 148.28
--------------------------------------------------------------------------------
100461 CHAIR, SECRETARIAL OC 148.28
--------------------------------------------------------------------------------
19 CHAIR, SECRETARIAL OPERATOR CENTER 148.28
--------------------------------------------------------------------------------
43 CHAIR, SECRETARIAL OPERATOR CENTER 148.28
--------------------------------------------------------------------------------
110 CHAIR, SECRETARIAL OPERATOR CENTER 148.28
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
103 CHAIR, SIDE TAN CLOTH EXECUTIVE OFFICE 148.28
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
301 CHAIR STUFFED EXECUTIVE OFFICE 85.74
--------------------------------------------------------------------------------
302 CHAIR STUFFED EXECUTIVE OFFICE 85.74
--------------------------------------------------------------------------------
309 CHAIR STUFFED SWIVEL XXXXX XXXXXXX, XX. 128.99
--------------------------------------------------------------------------------
316 CHAIR, VINYL COVERED KITCHEN/LOUNGE 75.75
--------------------------------------------------------------------------------
314 CHAIR, VINYL COVERED KITCHEN/LOUNGE 75.75
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100098 CONCENTRATOR, LATTISNET TECH ROOM 1,515.30
--------------------------------------------------------------------------------
100099 CONCENTRATOR, LATTISNET TECH ROOM 1,354.59
--------------------------------------------------------------------------------
886 CONCENTRATOR, SYNOPTICS ELEVATOR CLOSET 2,804.80
--------------------------------------------------------------------------------
Page 4 XX 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
772 COPIER, SAVIN RECEPTION/EXECUTIVE 997.33
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
64 COMPUTER DELL P90 SET-UP * OPERATOR CENTER 2154.50
--------------------------------------------------------------------------------
100 COMPUTER DELL P90 SET-UP * OPERATOR CENTER 2154.50
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100117 CPU M SOUTH UNIT(REN)485 CUSTOMER SERVICE 250.00
--------------------------------------------------------------------------------
100059 CPU X XXXXX XXXX \000 XXXXXXXXX, XXXXXXXXX 250.00
--------------------------------------------------------------------------------
100118 CPU M SOUTH UNIT(STIMPY)486 OC OFF 8 250.00
--------------------------------------------------------------------------------
100155 CPU, MITSUBA 286 CUSTOMER SERVICE 250.00
--------------------------------------------------------------------------------
104 CPU, MITSUBA 286 OPERATOR CENTER 250.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
178 CREDENSA, WOOD OC OFF 5 142.84
--------------------------------------------------------------------------------
238 CREDENSA, WOOD OC OFF 4 142.84
--------------------------------------------------------------------------------
296 CREDENSA, WOOD EXECUTIVE OFFICE 142.84
--------------------------------------------------------------------------------
840 CREDENSA, WOOD EXECUTIVE/SECRETARY 142.84
--------------------------------------------------------------------------------
100003 CREDENSA, WOOD OC/XXXXX XXXXX 150.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
344 CUTTER, PAPER GENERAL AREA 50.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100002 DESK, WOODEN 3 DRAWER OC/XXXXX XXXXX 200.00
--------------------------------------------------------------------------------
172 DESK, WOOD OC OFF 5 182.23
--------------------------------------------------------------------------------
238 DESK, WOOD OC OFF 4 182.23
--------------------------------------------------------------------------------
296 DESK, WOOD EXECUTIVE OFFICE 182.23
--------------------------------------------------------------------------------
641 DESK, WOOD EXECUTIVE/SECRETARY 182.23
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
52 DISHWASHER, GE KITCHEN/LOUNGE 115.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100216 FAX MACHINE, XXXXXX ACCOUNTING 350.00
--------------------------------------------------------------------------------
292 FAX MACHINE, PANASONIC RECEPTION/EXECUTIVE 350.00
--------------------------------------------------------------------------------
100064 FAX MACHINE, PANASONIC EXECUTIVE OFFICE 250.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
51 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
82 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
106 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
121 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
153 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
196 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
204 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
281 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
353 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
354 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
357 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
396 FILE, 2 DRAWER 131.91 131.91
--------------------------------------------------------------------------------
726 FILE, 2 DRAWER OC 131.91
--------------------------------------------------------------------------------
810 FILE, 2 DRAWER OC OFF 4 136.14
--------------------------------------------------------------------------------
822 FILE, 2 DRAWER XXXXXX XXXXXXX 136.14
--------------------------------------------------------------------------------
849 FILE, 2 DRAWER CUSTOMER SERVICE/MKT 136.14
--------------------------------------------------------------------------------
887 FILE, 2 DRAWER OC 136.14
--------------------------------------------------------------------------------
Page 5 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
959 FILE, 2 DRAWER CUSTOMER SERVICE 127.20
--------------------------------------------------------------------------------
960 FILE, 2 DRAWER CUSTOMER SERVICE/MKT 127.20
--------------------------------------------------------------------------------
100032 FILE, 2 DRAWER OC OFF 5 127.20
--------------------------------------------------------------------------------
100044 FILE, 2 DRAWER OC OFF 5 131.91
--------------------------------------------------------------------------------
100048 FILE, 2 DRAWER OC OFF 6 127.20
--------------------------------------------------------------------------------
100330 FILE, 2 DRAWER RECEPTION/DOWN 127.20
--------------------------------------------------------------------------------
100336 FILE, 2 DRAWER CUSTOMER SERVICE 241.68
--------------------------------------------------------------------------------
100340 FILE, 2 DRAWER CUSTOMER SERVICE/MKT 150.94
--------------------------------------------------------------------------------
100341 FILE, 2 DRAWER XXXX XXXXXXX 127.20
--------------------------------------------------------------------------------
100357 FILE, 2 DRAWER CUSTOMER SERVICE 127.20
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
773 FILE, 4 DRAWER OC/XXXXX XXXXX 74.51
--------------------------------------------------------------------------------
774 FILE, 4 DRAWER OC OFF 6 74.51
--------------------------------------------------------------------------------
100045 FILE, 4 DRAWER OC OFF 6 150.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
64 FILE, LATERAL 2 DRAWER OC OFF 8 156.89
--------------------------------------------------------------------------------
109 FILE, LATERAL 2 DRAWER OC OFF 7 271.89
--------------------------------------------------------------------------------
138 FILE, LATERAL 2 DRAWER OC OFF 2 156.69
--------------------------------------------------------------------------------
392 FILE, LATERAL 2 DRAWER OC OFF 1 156.69
--------------------------------------------------------------------------------
703 FILE, LATERAL 2 DRAWER RECEPTION/EXECUTIVE 156.69
--------------------------------------------------------------------------------
704 FILE, LATERAL 2 DRAWER RECEPTION/EXECUTIVE 156.69
--------------------------------------------------------------------------------
705 FILE, LATERAL 2 DRAWER OC 156.69
--------------------------------------------------------------------------------
963 FILE, LATERAL 2 DRAWER RECEPTION/DOWN 264.50
--------------------------------------------------------------------------------
100005 FILE, LATERAL 2 DRAWER OC/XXXXX XXXXX 363.13
--------------------------------------------------------------------------------
100342 FILE, LATERAL 2 DRAWER XXXX XXXXXXX 271.89
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
381 FILE, LATERAL 4 DRAWER OC OFF 1 363.13
--------------------------------------------------------------------------------
830 FILE, LATERAL 4 DRAWER OC 396.96
--------------------------------------------------------------------------------
949 FILE, LATERAL 4 DRAWER OC OFF 5 505.82
--------------------------------------------------------------------------------
100024 FILE, LATERAL 4 DRAWER OC OFF 1 534.24
--------------------------------------------------------------------------------
100082 FILE, LATERAL 4 DRAWER EXECUTIVE, SECRETARY 505.82
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
742 HEATER, SMALL OC 11.84
--------------------------------------------------------------------------------
743 HEATER, SMALL CUSTOMER SERVICE 11.84
--------------------------------------------------------------------------------
1 944 HEATER, SMALL CUSTOMER SERVICE 12.19
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100258 KEYBOARD, COMPUADD MTV CYBERLOG ROOM 35.00
--------------------------------------------------------------------------------
100228 KEYBOARD, EDM TECH ROOM 35.00
--------------------------------------------------------------------------------
100181 KEYBOARD, FPC CUSTOMER SERVICE 35.00
--------------------------------------------------------------------------------
48 KEYBOARD, FPC OPERATOR CENTER 35.00
--------------------------------------------------------------------------------
49 KEYBOARD, FPC OPERATOR CENTER 35.00
--------------------------------------------------------------------------------
89 KEYBOARD, FPC OPERATOR CENTER 35.00
--------------------------------------------------------------------------------
100057 KEYBOARD, KEYTRONIC RECEPTIOIN, EXECUTIVE 35.00
--------------------------------------------------------------------------------
100154 KEYBOARD, KEYTRONIC OP SUPV 35.00
--------------------------------------------------------------------------------
100176 KEYBOARD, KEYTRONIC PERSONNEL/XXXXXXXX MAY 35.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100361 LADDER, WOODEN CYBERLOG ROOM 75.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100066 LAMP, BLACK EXECUTIVE, OFFICE 50.00
--------------------------------------------------------------------------------
Page 6 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
681 LOCK KEYMASTER EXECUTIVE/RECEPTION 200.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
688 LOCKKERS, (25 STACKS OF 8) OC 2,749.75
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100179 MAIL BOX RECEPTION/DOWN 15.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
51 MICROWAVE, SHARP KITCHEN/LOUNGE 181.89
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100058 MODEM, PRACTICAL RECEPTION, EXECUTIVE 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
685 MONITOR, COMPAQ,VGA RECEPTION/EXECUTIVE 200.00
--------------------------------------------------------------------------------
879 MONITOR, XXXXXXXX VGA OC OFF 5 200.00
--------------------------------------------------------------------------------
100119 MONITOR, XXXXXXXX VGA OC POS 43 200.00
--------------------------------------------------------------------------------
100195 MONITOR, XXXXXXXX VGA RECEPTION/DOWN 200.00
--------------------------------------------------------------------------------
100250 MONITOR, XXXXXXXX VGA EXECUTIVE/SECRETARY 200.00
--------------------------------------------------------------------------------
510 MONITOR, NEC MULTISYNC OC SUPV 200.00
--------------------------------------------------------------------------------
572 MONITOR, NEC MULTISYNC OC SUPV 200.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
312 OPENER, CAN KITCHEN/LOUNGE 10.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100427 PICTURE EXECUTIVE/CONFERENCE 100.00
--------------------------------------------------------------------------------
100377 PICTURE, 30"X40" BACKWALL OPERATOR CENTER 50.00
--------------------------------------------------------------------------------
100378 PICTURE, 30"X40" BACKWALL OPERATOR CENTER 50.00
--------------------------------------------------------------------------------
100379 PICTURE, 30"X40" EXECUTIVE/RECEPTION 50.00
--------------------------------------------------------------------------------
100388 PICTURE, 30"X40" OUTSIDE MAIN OFFICE 50.00
--------------------------------------------------------------------------------
100482 PICTURE, LARGE EXECUTIVE/RECEPTION 100.00
--------------------------------------------------------------------------------
100373 PICTURES OC 50.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100035 PRINTER, EPSON OC OFF 3 125.00
--------------------------------------------------------------------------------
100040 PRINTER, EPSON OC OFF 2 125.00
--------------------------------------------------------------------------------
283 PRINTER, HEWLETT PACKARD PERSONNEL/XXXXXXXX MAY 200.00
--------------------------------------------------------------------------------
100075 PRINTER, HEWLETT PACKARD OC SUPV 600.00
--------------------------------------------------------------------------------
LASERJET II
--------------------------------------------------------------------------------
221 PRINTER, NEC MARKETING 125.00
--------------------------------------------------------------------------------
100217 PRINTER, OTC W/PEDESTAL ACCOUNTING 1,328.17
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
681 PROJECTOR, OVERHEAD EXECUTIVE CONFERENCE 148.73
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
916 RACK, TAPE STORAGE TECH ROOM 252.26
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
306 REFRIGERATOR XXXXXXX/LOUNGE 300.00
--------------------------------------------------------------------------------
787 REFRIGERATOR, MINI EXECUTIVE/SECRETARY 75.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
683 SCREEN, OVERHEAD PROJECTOR TRAINING ROOM 50.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
100023 STAND, PRINTER WOOD OC OFF 7 35.00
--------------------------------------------------------------------------------
Page 7 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
345 STAPLER, HEAVY-DUTY GENERAL AREA 25.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
310 STOVE, GENERAL ELECTRIC KITCHEN/LOUNGE 250.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
255 TABLE, CONFERENCE 10' EXECUTIVE CONFERENCE 300.00
--------------------------------------------------------------------------------
322 TABLE, CONFERENCE 12' TRAINING ROOM 375.00
--------------------------------------------------------------------------------
323 TABLE, CONFERENCE 12' TRAINING ROOM 325.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
53 TABLE, CARD XXXXX ELEVATOR CLOSET 25.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
343 TABLE, FOLDING 6' WHITE ACCT/XXXXX XXXXX 20.00
--------------------------------------------------------------------------------
264 TABLE, FOLDING 6' XXXXX TECH ROOM 20.00
--------------------------------------------------------------------------------
702 TABLE, FOLDING 6' XXXXX CYBERLOG ROOM 20.00
--------------------------------------------------------------------------------
68 TABLE, FOLDING 6' XXXXX STAIRWELL 20.00
--------------------------------------------------------------------------------
65 TABLE, FOLDING 6' XXXXX STAIRWELL 20.00
--------------------------------------------------------------------------------
100294 TABLE, FOLDING 9' XXXXX ELEVATOR CLOSET 20.00
--------------------------------------------------------------------------------
100295 TABLE, FOLDING 9' XXXXX STAIRWELL 20.00
--------------------------------------------------------------------------------
268 TABLE, ROUND EXECUTIVE CONFERENCE 20.00
--------------------------------------------------------------------------------
101 TABLE, SMALL OC 75.00
--------------------------------------------------------------------------------
102 TABLE, SMALL RECEPTION/EXECUTIVE 75.00
--------------------------------------------------------------------------------
150 TABLE, SMALL PERSONNEL/XXXXXX XXXXX 75.00
--------------------------------------------------------------------------------
212 TABLE, SMALL OC OFF 2 75.00
--------------------------------------------------------------------------------
222 TABLE, SMALL OC OFF 1 75.00
--------------------------------------------------------------------------------
285 TABLE, SMALL RECEPTION/EXECUTIVE 75.00
--------------------------------------------------------------------------------
286 TABLE, SMALL RECEPTION/EXECUTIVE 75.00
--------------------------------------------------------------------------------
100065 TABLE, SMALL EXECUTIVE, OFFICE 75.00
--------------------------------------------------------------------------------
100492 TABLE, SMALL OC 75.00
--------------------------------------------------------------------------------
137 TABLE/DESK OC OFF 7 75.00
--------------------------------------------------------------------------------
280 TABLE/DESK RECEPTION/EXECUTIVE 125.00
--------------------------------------------------------------------------------
291 TABLE/DESK OC OFF 8 125.00
--------------------------------------------------------------------------------
397 TABLE/DESK OC POS 62 125.00
--------------------------------------------------------------------------------
752 TABLE/DESK OC 125.00
--------------------------------------------------------------------------------
833 TABLE/DESK XXXXXXX XXXXXX 125.00
--------------------------------------------------------------------------------
852 TABLE/DESK CUSTOMER SERVICE/MKT 125.00
--------------------------------------------------------------------------------
876 TABLE/DESK RECEPTION/DOWN 125.00
--------------------------------------------------------------------------------
967 TABLE/DESK OC POS 62 125.00
--------------------------------------------------------------------------------
100017 TABLE/DESK OC POS 36 125.00
--------------------------------------------------------------------------------
100420 TABLE/DESK OC 125.00
--------------------------------------------------------------------------------
804 TABLE/DESK, 6' XXXXXX XXXXXXX 125.00
--------------------------------------------------------------------------------
317 TABLES ROUND SIX KITCHEN/LOUNGE 150.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
NONE TELEPHONE SYSTEM - INTERCALL PHONE ROOM 16,000.00
KEYSET/50 STATI
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
888 TIME CLOCK OPERATOR CENTER 1,431.95
--------------------------------------------------------------------------------
100180 TIME CLOCK, XXXXXX RECEPTION/DOWN 150.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
311 TOASTER KITCHEN/LOUNGE -
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
287 TYPEWRITER, BROTHER PERSONNEL 100.00
--------------------------------------------------------------------------------
100056 TYPEWRITER, XXXXX XXXXXX RECEPTION, EXECUTIVE 100.00
--------------------------------------------------------------------------------
Page 8 of 0
X-0
000 XXXXX XXXX XXXXXX - 0XX XXXXX
FIXED ASSET INVENTORY - ITEMS LOCATED FROM ORIGINAL DECEMBER 6, 1995 INVENTORY
April 24, 1996
ASSET # OR
# ASSIGNED DESCRIPTION LOCATION FMV
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
149 WORKSTATION, ADJUSTABLE TRAINING 175.00
--------------------------------------------------------------------------------
168 WORKSTATION, ADJUSTABLE OC POS 84 175.00
--------------------------------------------------------------------------------
587 WORKSTATION, ADJUSTABLE OC 175.00
--------------------------------------------------------------------------------
405 WORKSTATION, ADJUSTABLE OC POS 1 175.00
--------------------------------------------------------------------------------
411 WORKSTATION, ADJUSTABLE PC POS 2 175.00
--------------------------------------------------------------------------------
417 WORKSTATION, ADJUSTABLE PC POS 3 175.00
--------------------------------------------------------------------------------
429 WORKSTATION, ADJUSTABLE PC POS 5 175.00
--------------------------------------------------------------------------------
435 WORKSTATION, ADJUSTABLE PC POS 6 175.00
--------------------------------------------------------------------------------
441 WORKSTATION, ADJUSTABLE PC POS 7 175.00
--------------------------------------------------------------------------------
447 WORKSTATION, ADJUSTABLE PC POS 8 175.00
--------------------------------------------------------------------------------
453 WORKSTATION, ADJUSTABLE PC POS 9 175.00
--------------------------------------------------------------------------------
459 WORKSTATION, ADJUSTABLE PC POS 10 175.00
--------------------------------------------------------------------------------
465 WORKSTATION, ADJUSTABLE PC POS 11 175.00
--------------------------------------------------------------------------------
471 WORKSTATION, ADJUSTABLE PC POS 12 175.00
--------------------------------------------------------------------------------
477 WORKSTATION, ADJUSTABLE PC POS 13 175.00
--------------------------------------------------------------------------------
483 WORKSTATION, ADJUSTABLE PC POS 14 175.00
--------------------------------------------------------------------------------
489 WORKSTATION, ADJUSTABLE PC POS 15 175.00
--------------------------------------------------------------------------------
495 WORKSTATION, ADJUSTABLE PC POS 16 175.00
--------------------------------------------------------------------------------
501 WORKSTATION, ADJUSTABLE PC POS 17 175.00
--------------------------------------------------------------------------------
507 WORKSTATION, ADJUSTABLE PC POS 28 175.00
--------------------------------------------------------------------------------
513 WORKSTATION, ADJUSTABLE PC POS 19 175.00
--------------------------------------------------------------------------------
619 WORKSTATION, ADJUSTABLE PC POS 20 175.00
--------------------------------------------------------------------------------
531 WORKSTATION, ADJUSTABLE PC POS 22 175.00
--------------------------------------------------------------------------------
537 WORKSTATION, ADJUSTABLE PC POS 23 175.00
--------------------------------------------------------------------------------
543 WORKSTATION, ADJUSTABLE PC POS 24 175.00
--------------------------------------------------------------------------------
548 WORKSTATION, ADJUSTABLE PC POS 25 175.00
--------------------------------------------------------------------------------
553 WORKSTATION, ADJUSTABLE PC POS 26 175.00
--------------------------------------------------------------------------------
558 WORKSTATION, ADJUSTABLE PC POS 27 175.00
--------------------------------------------------------------------------------
663 WORKSTATION, ADJUSTABLE PC POS 28 175.00
--------------------------------------------------------------------------------
569 WORKSTATION, ADJUSTABLE PC POS 29 175.00
--------------------------------------------------------------------------------
575 WORKSTATION, ADJUSTABLE PC POS 30 175.00
--------------------------------------------------------------------------------
580 WORKSTATION, ADJUSTABLE PC POS 59 175.00
--------------------------------------------------------------------------------
585 WORKSTATION, ADJUSTABLE WORKSTATION 32 175.00
--------------------------------------------------------------------------------
590 WORKSTATION, ADJUSTABLE WORKSTATION 58 175.00
--------------------------------------------------------------------------------
595 WORKSTATION, ADJUSTABLE WORKSTATION 34 175.00
--------------------------------------------------------------------------------
600 WORKSTATION, ADJUSTABLE OC POS 35 175.00
--------------------------------------------------------------------------------
605 WORKSTATION, ADJUSTABLE OC OFF 3 175.00
--------------------------------------------------------------------------------
610 WORKSTATION, ADJUSTABLE WORKSTATION 37 175.00
--------------------------------------------------------------------------------
615 WORKSTATION, ADJUSTABLE WORKSTATION 38 175.00
--------------------------------------------------------------------------------
620 WORKSTATION, ADJUSTABLE WORKSTATION 39 175.00
--------------------------------------------------------------------------------
625 WORKSTATION, ADJUSTABLE WORKSTATION 40 175.00
--------------------------------------------------------------------------------
629 WORKSTATION, ADJUSTABLE WORKSTATION 41 175.00
--------------------------------------------------------------------------------
631 WORKSTATION, ADJUSTABLE WORKSTATION 43 175.00
--------------------------------------------------------------------------------
100432 WORKSTATION, ADJUSTABLE WORKSTATION 61 175.00
--------------------------------------------------------------------------------
100434 WORKSTATION, ADJUSTABLE WORKSTATION 44 175.00
--------------------------------------------------------------------------------
100436 WORKSTATION, ADJUSTABLE WORKSTATION 48 175.00
--------------------------------------------------------------------------------
100437 WORKSTATION, ADJUSTABLE WORKSTATION 47 175.00
--------------------------------------------------------------------------------
100439 WORKSTATION, ADJUSTABLE WORKSTATION 33 175.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL 78,838.58
----------------------------------------------------------------------==========
--------------------------------------------------------------------------------
* LSI ASSET - ALL OTHER ASSETS ARE THE PROPERTY OF TFC
--------------------------------------------------------------------------------
Page 9 of 9
A-1
TECLink, Inc.
Schedule of Assets
April 30, 1996
------------------------------------------------------------------------------------------------------------------------------------
Invoice
DATE Number Check Vendor Description
------------------------------------------------------------------------------------------------------------------------------------
05/20/95 None 17056 Sam's Wholesale 7 Pentium 90 computers & 6 modems
------------------------------------------------------------------------------------------------------------------------------------
07/01/95 1970 17647 Kelly's Office Furniture Various Furniture - Office Furniture
------------------------------------------------------------------------------------------------------------------------------------
07/13/95 11915 1 Xxxxx Ventun Carpets Various Furniture - @ Highway 80
------------------------------------------------------------------------------------------------------------------------------------
07/31/95 Various Graybar Expenses Plus Capital
------------------------------------------------------------------------------------------------------------------------------------
08/16/95 315867 17507 US Robotics 40 Port Total Control
------------------------------------------------------------------------------------------------------------------------------------
08/17/95 1402 17647 Kelly's Office Furniture Various Furniture - Highway 80
------------------------------------------------------------------------------------------------------------------------------------
08/18/95 [Illegible] 7 UUNET Software - System Network Services
------------------------------------------------------------------------------------------------------------------------------------
09/08/95 [Illegible] 14 Microage SparcServer 1000E - Printer Server
------------------------------------------------------------------------------------------------------------------------------------
09/15/95 [Illegible] 25 Xxxxxx Xxxxxxxx DS-1 Channel Bank - 000 XX Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
09/28/95 [Illegible] 1008 Access Graphics Netscape Diskettes (58 Units)
------------------------------------------------------------------------------------------------------------------------------------
10/08/95 [Illegible] 1015 Microage 000 XX Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
10/09/95 1630-0010-0 1016 X. Xxxxxxxxxx Electric Xxx 00
------------------------------------------------------------------------------------------------------------------------------------
10/09/95 107734 1019 C & L Communications [Illegible] Package
------------------------------------------------------------------------------------------------------------------------------------
10/10/95 [Illegible] Access Graphics 12 Mac Netscape Lic
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 [Illegible] Heritage Graphics Creative Design - Logo
------------------------------------------------------------------------------------------------------------------------------------
10/15/95 [Illegible] Heritage Graphics Development/Software & Sales/Marketing
------------------------------------------------------------------------------------------------------------------------------------
10/20/95 [Illegible] 17982 Heritage Graphics 1 PowerMac 0600 & 2 PowerBook 6300a
------------------------------------------------------------------------------------------------------------------------------------
10/31/95 [Illegible] Heritage Graphics Development/Software & Sales/Marketing
------------------------------------------------------------------------------------------------------------------------------------
10/31/95 [Illegible] Heritage Graphics Creative Design - Sign
------------------------------------------------------------------------------------------------------------------------------------
11/02/95 [Illegible] Heritage Graphics Creative Design - Brochure
------------------------------------------------------------------------------------------------------------------------------------
11/02/95 [Illegible] Heritage Graphics Creative Design - Brochure
------------------------------------------------------------------------------------------------------------------------------------
11/03/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
11/03/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
11/08/95 [Illegible] 1038 Heritage Graphics
------------------------------------------------------------------------------------------------------------------------------------
11/08/95 [Illegible] 1043 Progressive Technologies Interconnect Cables
------------------------------------------------------------------------------------------------------------------------------------
11/08/95 [Illegible] 1046 Tech Data Corporation Interconnect Cables - 000 XX Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
11/08/95 [Illegible] 1052 Tech Data Corporation Interconnect Cables - 000 XX Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
11/10/95 [Illegible] 1095 Insight Computers DAT Tapes - 4300 MB MICROPOLIS
------------------------------------------------------------------------------------------------------------------------------------
11/17/95 [Illegible] 1058 Progressive Technologies Interconnect Cables - 000 XX Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
11/18/95 None 1081 Signature Financial Fax Machine - Dallas
------------------------------------------------------------------------------------------------------------------------------------
11/21/95 [Illegible] US Robotics Total Control 96 Port - TecLink
------------------------------------------------------------------------------------------------------------------------------------
11/22/95 [Illegible] 1161 Access Graphics Tech Software For Switch
------------------------------------------------------------------------------------------------------------------------------------
11/24/95 [Illegible] 1148 Insight 4300 Micropolis [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
11/24/95 [Illegible] US Robotics Total Control 192 Port - TecLink
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 [Illegible] 1161 Access Graphics Tech Software For Switch
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 [Illegible] Heritage Graphics Development/Software & Sales/Marketing
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 356399 1097 US Robotics Total Control - Fans - TecLink
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] Heritage Graphics Software Development Installer Package
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 9007150 Heritage Graphics Furniture Rental
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 9007096 Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 99005633 Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
Unpaid Unpaid Capitalized Expensed
DATE Location Paid TEC TECLink
---------------------------------------------------------------------------------------------------------------
05/20/95 000 XxxxxXxxx Xx. 17,144.81 17,144.81
---------------------------------------------------------------------------------------------------------------
07/01/95 Storage [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
07/13/95 Storage 1,410.80 1,410.80
---------------------------------------------------------------------------------------------------------------
07/31/95 000 XxxxxXxxx Xx. [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
08/16/95 000 XxxxxXxxx Xx. 52,999.74 52,999.74
---------------------------------------------------------------------------------------------------------------
08/17/95 Storage 1,107.46 1,107.46
---------------------------------------------------------------------------------------------------------------
08/18/95 000 XxxxxXxxx Xx. 2,920.00 2,920.00
---------------------------------------------------------------------------------------------------------------
09/08/95 000 XxxxxXxxx Xx. 64,158.57 64,158.57
---------------------------------------------------------------------------------------------------------------
09/15/95 000 XxxxxXxxx Xx. 2,500.00 2,500.00
---------------------------------------------------------------------------------------------------------------
09/28/95 000 XxxxxXxxx Xx. 1,403.94 1,403.94
---------------------------------------------------------------------------------------------------------------
10/08/95 000 XxxxxXxxx Xx. 664.80 664.80
---------------------------------------------------------------------------------------------------------------
10/09/95 000 XxxxxXxxx Xx. 1,338.30 1,338.30
---------------------------------------------------------------------------------------------------------------
10/09/95 000 XxxxxXxxx Xx. 4,069.71 4,069.71
---------------------------------------------------------------------------------------------------------------
10/10/95 317.05 317.05
---------------------------------------------------------------------------------------------------------------
10/13/95 1,476.07 1,476.07
---------------------------------------------------------------------------------------------------------------
10/15/95 23,540.00 12,840.00 10,700.00
---------------------------------------------------------------------------------------------------------------
10/20/95 000 XxxxxXxxx Xx. [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
10/31/95 23,540.00 12,840.00 10,700.00
---------------------------------------------------------------------------------------------------------------
10/31/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/02/95 1,161.32 1,161.32
---------------------------------------------------------------------------------------------------------------
11/02/95 1,104.03 1,104.03
---------------------------------------------------------------------------------------------------------------
11/03/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/03/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/08/95 000 XxxxxXxxx Xx. [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/08/95 000 XxxxxXxxx Xx. 2,166.00 2,166.00
---------------------------------------------------------------------------------------------------------------
11/08/95 000 XxxxxXxxx Xx. 435.50 435.50
---------------------------------------------------------------------------------------------------------------
11/08/95 000 XxxxxXxxx Xx. [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/10/95 000 XxxxxXxxx Xx. [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/17/95 000 XxxxxXxxx Xx. 2,112.00 2,112.00
---------------------------------------------------------------------------------------------------------------
11/18/95 757.74 757.74
---------------------------------------------------------------------------------------------------------------
11/21/95 Oxford [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/22/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/24/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
11/24/95 Oxford 181,272.93 181,272.93
---------------------------------------------------------------------------------------------------------------
11/30/95 124.75 124.75
---------------------------------------------------------------------------------------------------------------
11/30/95 23,540.00 12,840.00 10,700.00
---------------------------------------------------------------------------------------------------------------
11/30/95 Oxford [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 454.75 454.75
---------------------------------------------------------------------------------------------------------------
1
A-2
TECLink, Inc.
Schedule of Assets
April 30, 1996
------------------------------------------------------------------------------------------------------------------------------------
Invoice
DATE Number Check Vendor Description
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 99007100 Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 99007052 Heritage Graphics Shipping
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 9007157 Heritage Graphics Travel Expenses
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] Heritage Graphics PowerBook 5300 & accessories
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] Heritage Graphics [Illegible] PC Card
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 74739,75012 1070 [Illegible] Office Supply, Inc. Furniture
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] 1071 Tech Data Corporation Interconnect Cables
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 u02774 [Illegible] UUNET 1 Cisco 2501 Routers & 7 DSERV
------------------------------------------------------------------------------------------------------------------------------------
12/01/95 u02774 [Illegible] UUNET 1 Cisco 2501 Routers
------------------------------------------------------------------------------------------------------------------------------------
12/02/95 142262 [Illegible] Plumb Line Work at Oxford site
------------------------------------------------------------------------------------------------------------------------------------
12/04/95 702956 Access Graphics 76 PC Netscape Lan
------------------------------------------------------------------------------------------------------------------------------------
12/07/95 [Illegible] [Illegible] Xxxxxxx Heating & Air Condition Work at Oxford site
------------------------------------------------------------------------------------------------------------------------------------
12/08/95 147-220620 1147 Anixler Brothers Routers
------------------------------------------------------------------------------------------------------------------------------------
12/08/95 147-220619 1147 Anixler Brothers Routers
------------------------------------------------------------------------------------------------------------------------------------
12/08/95 None 1107 Xxx Xxxx Exp Rept. - Xxxx Club CD-ROM Drive
------------------------------------------------------------------------------------------------------------------------------------
12/12/95 7001 Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/12/95 None 1077 Office Depot & Various Inventory Disks for Software
------------------------------------------------------------------------------------------------------------------------------------
12/15/95 [Illegible] Heritage Graphics Development/Software & Sales/Marketing
------------------------------------------------------------------------------------------------------------------------------------
12/18/95 [Illegible] 1151 Access Graphics Software - Navigator
------------------------------------------------------------------------------------------------------------------------------------
12/18/95 [Illegible] Heritage Graphics Software
------------------------------------------------------------------------------------------------------------------------------------
12/18/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/20/95 147-220945 1147 Anixler Brothers [Illegible] CSU & [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
12/21/95 [Illegible] 1151 Access Graphics Navigator 1.2 Win, Media Only
------------------------------------------------------------------------------------------------------------------------------------
12/21/95 None [Illegible] University Business Center [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
12/27/95 [Illegible] US Robotics Total Control [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Rent & Telephone Expense
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 6377 Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 6942 Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 6943 Heritage Graphics Creative Design
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Heritage Development Software
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Creating Virtual Web Page Software
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Heritage Development Software
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] Heritage Graphics Travel Expenses
------------------------------------------------------------------------------------------------------------------------------------
01/01/96 [Illegible] [Illegible] Progressive Technologies [Illegible] Cables
------------------------------------------------------------------------------------------------------------------------------------
01/01/96 None 1121 University Business Center Install Phone System
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
Unpaid Unpaid Capitalized Expensed
DATE Location Paid TEC TECLink
---------------------------------------------------------------------------------------------------------------
12/01/95 181.90 181.90
---------------------------------------------------------------------------------------------------------------
12/01/95 2,295.15 2,295.15
---------------------------------------------------------------------------------------------------------------
12/01/95 272.05 272.05
---------------------------------------------------------------------------------------------------------------
12/01/95 12.64 12.64
---------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 3,185.00 3,185.00
---------------------------------------------------------------------------------------------------------------
12/01/95 433.09 433.09
---------------------------------------------------------------------------------------------------------------
12/01/95 Oxford 1,697.96 1,697.96
---------------------------------------------------------------------------------------------------------------
12/01/95 000 XxxxxXxxx Xx. 4,093.05 4,093.05
---------------------------------------------------------------------------------------------------------------
12/01/95 [Illegible] [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/01/95 Monroe 1,621.20 1,621.20
---------------------------------------------------------------------------------------------------------------
12/02/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/04/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/07/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/08/95 Oxford 672.50 672.50
---------------------------------------------------------------------------------------------------------------
12/08/95 Oxford 509.48 509.48
---------------------------------------------------------------------------------------------------------------
12/08/95 Oxford 533.93 533.93
---------------------------------------------------------------------------------------------------------------
12/12/95 112.05 112.05
---------------------------------------------------------------------------------------------------------------
12/12/95 000 XxxxxXxxx Xx. 706.18 706.18
---------------------------------------------------------------------------------------------------------------
12/15/95 23,540.00 12,640.00 10,700.00
---------------------------------------------------------------------------------------------------------------
12/18/95 000 XxxxxXxxx Xx. 1,351.27 1,851.27
---------------------------------------------------------------------------------------------------------------
12/18/95 000 XxxxxXxxx Xx. 1,853.47 1,853.47
---------------------------------------------------------------------------------------------------------------
12/18/95 97.91 97.91
---------------------------------------------------------------------------------------------------------------
12/20/95 Oxford 20,952.78 20,952.78
---------------------------------------------------------------------------------------------------------------
12/21/95 1,359.85 1,359.85
---------------------------------------------------------------------------------------------------------------
12/21/95 650.00 650.00
---------------------------------------------------------------------------------------------------------------
12/27/95 000 XxxxxXxxx Xx. 81,090.77 162,181.55 243,272.32
---------------------------------------------------------------------------------------------------------------
12/31/95 84.53 84.53
---------------------------------------------------------------------------------------------------------------
12/31/95 1,275.00 1,275.00
---------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/31/95 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
12/31/95 211.88 211.88
---------------------------------------------------------------------------------------------------------------
12/31/95 171.74 171.74
---------------------------------------------------------------------------------------------------------------
12/31/95 84.59 84.59
---------------------------------------------------------------------------------------------------------------
12/31/95 84.53 84.53
---------------------------------------------------------------------------------------------------------------
12/31/95 749.00 749
---------------------------------------------------------------------------------------------------------------
12/31/95 454.75 454.75
---------------------------------------------------------------------------------------------------------------
12/31/95 240.75 240.75
---------------------------------------------------------------------------------------------------------------
12/31/95 989.90 989.90
---------------------------------------------------------------------------------------------------------------
01/01/96 2,232.00 2,232.00
---------------------------------------------------------------------------------------------------------------
01/01/96 832.53 832.53
---------------------------------------------------------------------------------------------------------------
2
A-2
TECLink, Inc.
Schedule of Assets
April 30, 1996
------------------------------------------------------------------------------------------------------------------------------------
Invoice
DATE Number Check Vendor Description
------------------------------------------------------------------------------------------------------------------------------------
01/02/96 [Illegible] Heritage Graphics Color Prints
------------------------------------------------------------------------------------------------------------------------------------
01/03/96 Contra Netscape Contract 10,000 copies of Netscape Software
------------------------------------------------------------------------------------------------------------------------------------
01/03/96 [Illegible] 1159 Netscape Servers
------------------------------------------------------------------------------------------------------------------------------------
01/08/96 [Illegible] 1158 Graybar [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
01/11/96 [Illegible] 1164 Tech Data [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
01/11/96 [Illegible] 1164 Tech Data [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
01/13/96 [Illegible] 1156 The Cabling Company [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
01/18/96 [Illegible] 1167 Insight [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
01/23/96 None 1117 Xxx Xxxx Router Cables For Jackson
------------------------------------------------------------------------------------------------------------------------------------
01/23/96 None 1117 Xxx Xxxx Router Cables For Oxford
------------------------------------------------------------------------------------------------------------------------------------
01/25/96 [Illegible] 1110 Kelly's Office Furniture Office Furniture
------------------------------------------------------------------------------------------------------------------------------------
Intersys Technologies Original [Illegible] purchase
------------------------------------------------------------------------------------------------------------------------------------
Intersys Technologies Less: Original customer base
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Customer Base [Illegible]
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Unadjusted Total
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Adjustment - TECLink Liability
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Adjusted Total
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
Unpaid Unpaid Capitalized Expensed
DATE Location Paid TEC TECLink
---------------------------------------------------------------------------------------------------------------
01/02/96 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
01/03/96 000 XxxxxXxxx Xx. 92,000.00 92,000.00
---------------------------------------------------------------------------------------------------------------
01/03/96 000 XxxxxXxxx Xx. 5,003.00 5,003.00
---------------------------------------------------------------------------------------------------------------
01/08/96 213.35 213.35
---------------------------------------------------------------------------------------------------------------
01/11/96 4,470.00 4,470.00
---------------------------------------------------------------------------------------------------------------
01/11/96 670.00 670.00
---------------------------------------------------------------------------------------------------------------
01/13/96 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
01/18/96 4,193.00 4,193.00
---------------------------------------------------------------------------------------------------------------
01/23/96 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
01/23/96 [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
01/25/96 1,581.48 1,581.48
---------------------------------------------------------------------------------------------------------------
116,500.00 116,500.00
---------------------------------------------------------------------------------------------------------------
(28,400.00) (28,400.00)
---------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
548,400.00 548,400.00
---------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
[Illegible] 477,651.11 [Illegible] [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
(28,400.00)
---------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
[Illegible] 477,651.11 [Illegible] [Illegible] [Illegible]
---------------------------------------------------------------------------------------------------------------
A-2
XXXXXX PROJECT
ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
ITEMS PAID
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
4/25/95 RA - KINKO'S COPY CENTER JACKSON, MS 49.43 49.43
------------------------------------------------------------------------------------------------------------------------------------
4/27/95 RA - LITTLE TOKYO (XXXXXXXX/XXXXXXX/XXXXX/XXXXX) JACKSON, MS 106.23 106.23
------------------------------------------------------------------------------------------------------------------------------------
5/1/95 RA - RADIO SHACK - 5 OUTLET TELEPHONE STRIP JACKSON, MS 32.07 32.07
------------------------------------------------------------------------------------------------------------------------------------
5/3/95 RA - TRAVEL 2000 - BLACK 48 EXP COVER GAITHERSBURG, MD 42.00 42.00
------------------------------------------------------------------------------------------------------------------------------------
5/3/95 RA - FLAMING PIT (MR B XXXXX) GAITHERSBURG, MD 48.75 48.75
------------------------------------------------------------------------------------------------------------------------------------
5/5/95 RA - SOFTWARE CITY - ACTIONI 3.0 (WIN 3.5) PHOENIX, AZ 148.80 148.80
------------------------------------------------------------------------------------------------------------------------------------
5/12/95 RA - SAM'S CLUB - PENTIUM 90 JACKSON, MS 2,726.36 2,726.36
------------------------------------------------------------------------------------------------------------------------------------
5/12/95 RA - SAM'S CLUB - POWER SUPPLY JACKSON, MS 245.03 245.03
------------------------------------------------------------------------------------------------------------------------------------
5/12/95 RA - SAM'S CLUB - 000 XXXXX XXXXXXX, XX 64.19 64.19
------------------------------------------------------------------------------------------------------------------------------------
5/12/95 XXXXXXX XXXXX - CONSULTING (MAY 1 - 12) JACKSON, MS 1,538.46 1,538.46
------------------------------------------------------------------------------------------------------------------------------------
0/00/00 XX - XXXXX XXXXXXXX XXXXXX XXXXXXX, XX 1,055.79 1,055.79
------------------------------------------------------------------------------------------------------------------------------------
5/16/95 RA - CYBERMAX - EXECUTIVE MAX P-120 COMPUTER PACKAGE ALLENTOWN, PA 3,333.00 3,333.00
------------------------------------------------------------------------------------------------------------------------------------
5/18/95 RA - STEAMERS (XXXXXXXX, XXXXX) PHOENIX, AZ 19.86 19.86
------------------------------------------------------------------------------------------------------------------------------------
5/19/95 RA - BEST BUY - WEB AUTHOR CAMELBACK, AZ 107.04 107.04
------------------------------------------------------------------------------------------------------------------------------------
5/19/95 RA - SOFTWARE CITY - MIRO VIDEO PHOENIX, AZ 584.82 584.82
------------------------------------------------------------------------------------------------------------------------------------
5/19/95 RA - SOFTWARE CITY - ADOBE PREMIERE 4.0 PHOENIX, AZ 459.22 459.22
------------------------------------------------------------------------------------------------------------------------------------
5/20/95 RA - PINNACLE PEAK PATIO (ANDERSON, MORTON, HAWAKINGS) SCOTTSDALE, AZ 118.42 118.42
------------------------------------------------------------------------------------------------------------------------------------
5/21/95 RA - TARGET - CONNECTOR HARDWARE PHOENIX, AZ 155.20 155.20
------------------------------------------------------------------------------------------------------------------------------------
5/21/95 RA - IL FORNO (ANDERSON, TOOKE, XXXXXXX) PHOENIX, AZ 65.84 65.84
------------------------------------------------------------------------------------------------------------------------------------
5/24/95 RA - OFFICE DEPOT - FAX PAPER JACKSON, MS 13.47 13.47
------------------------------------------------------------------------------------------------------------------------------------
5/28/95 RA - CENTURY CELLUNET TELEPHONE XXXX XXXXXXX, MS 27.94 27.94
------------------------------------------------------------------------------------------------------------------------------------
5/28/95 RA - CENTURY CELLUNET TELEPHONE XXXX XXXXXXX, MS 49.17 49.17
------------------------------------------------------------------------------------------------------------------------------------
5/30/95 RA - DOUBLETREE HOTEL COLORADO SPRINGS, CO 340.91 340.91
------------------------------------------------------------------------------------------------------------------------------------
6/2/95 RA - PCN/XXXXXX MEETING ROOM ? 200.00 200.00
------------------------------------------------------------------------------------------------------------------------------------
6/9/95 XXXX XXXXXXXXXX - CONSULTING (JUNE 1 - 9) JACKSON, MS 452.09 452.09
------------------------------------------------------------------------------------------------------------------------------------
6/9/95 XXXXX XXXXXX - CONSULTING (MAY 26 - JUNE 9) JACKSON, MS 557.70 557.70
------------------------------------------------------------------------------------------------------------------------------------
6/9/95 XXXXXXX XXXXX - CONSULTING (MAY 26 - JUNE 9) JACKSON, MS 769.23 769.23
------------------------------------------------------------------------------------------------------------------------------------
6/9/95 RA - RADIO SHACK - SATELLITE EQUIP FOR XXXXXX PATENT PROJECT JACKSON, MS 2,868.02 2,868.02
------------------------------------------------------------------------------------------------------------------------------------
6/10/95 XX - XXXXXX XXXXX - XXXX & XXXXXXXX XXXXXXX XXXXXXX, XX 99.99 99.99
------------------------------------------------------------------------------------------------------------------------------------
6/14/95 RA - GATEWAY 2000 PENTIUM 90 SET-UP DES MOINES, IA 2,411.00 2,411.00
------------------------------------------------------------------------------------------------------------------------------------
6/16/95 RA - MCTA JACKSON, MS 86.62 86.62
------------------------------------------------------------------------------------------------------------------------------------
6/19/95 RA - DATASTORM PCP FOR WIN 2.11 UPGRADE TO 3.5 COLUMBIA, MO 153.00 153.00
------------------------------------------------------------------------------------------------------------------------------------
6/22/95 RA - NEC ANTENNA ? 26.75 26.75
------------------------------------------------------------------------------------------------------------------------------------
6/24/95 RA - XXXXXXXXXX HOTEL NEW ORLEANS, LA 539.34 539.34
------------------------------------------------------------------------------------------------------------------------------------
6/26/95 ROBBINS, BERLINER, & XXXXXX (RETAINER) LOS ANGELES, CA 15,000.00 15,000.00
------------------------------------------------------------------------------------------------------------------------------------
6/28/95 RA - CENTURY CELLUNET TELEPHONE XXXX XXXXXXX, MS 39.82 39.82
------------------------------------------------------------------------------------------------------------------------------------
6/28/95 RA - CENTURY CELLUNET TELEPHONE XXXX XXXXXXX, MS 11.73 11.73
------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 10
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ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
6/28/95 RA - CENTURY CELLUNET TELEPHONE XXXX XXXXXXX, MS 146.31 146.31
------------------------------------------------------------------------------------------------------------------------------------
7/14/95 RA - TICO'S - XXXXXXX XXXXX, XXXXXXX XXXXX, ECHO STAR RIDGELAND, MS 81.82 81.82
------------------------------------------------------------------------------------------------------------------------------------
7/14/95 RA - MAGUNDI'S RESTAURANT - XXXX XXXXXXXXXX,
XXXXX XXXXXX, XXX XXXX JACKSON, MS 20.90 20.90
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - CAB FARE LOS ANGELES, CA 42.00 42.00
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - CAB FARE LOS ANGELES, CA 30.00 30.00
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - OFFICE DEPOT - CITIZEN PORTABLE PRINTER JACKSON, MS 342.39 342.39
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - HYATT REGENCY LOS ANGELES, CA 644.32 644.32
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - MCTA JACKSON, MS 99.56 99.56
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - MCTA JACKSON, MS 957.65 957.65
------------------------------------------------------------------------------------------------------------------------------------
7/16/95 RA - ALTEX ELECTRONICS - MISC ? 16.00 16.00
------------------------------------------------------------------------------------------------------------------------------------
7/18/95 RA - WALDENBOOKS - UNSPECIFIED ? 51.91 51.91
------------------------------------------------------------------------------------------------------------------------------------
7/19/95 RA - CROWN STERLING SUITES PHOENIX, CA 493.50 493.50
------------------------------------------------------------------------------------------------------------------------------------
7/19/95 RA - BUDGET RENTAL CAR PHOENIX, AZ 174.97 174.97
------------------------------------------------------------------------------------------------------------------------------------
7/20/95 RA - BEST BUY - NETSCNAUPER & XXXXXXXXXX 0 XXXXXXX, XX 133.79 133.79
------------------------------------------------------------------------------------------------------------------------------------
7/20/95 RA - STAPLES - EASEL PHOENIX, AZ 21.40 21.40
------------------------------------------------------------------------------------------------------------------------------------
7/22/95 RA - COMPUSA - VARIOUS SCOTTSDALE, AZ 846.41 233.32 1,079.73
------------------------------------------------------------------------------------------------------------------------------------
7/22/95 RA - BORDERS BOOKS - VARIOUS PHOENIX, AZ 293.79 293.79
------------------------------------------------------------------------------------------------------------------------------------
7/23/95 RA - PARKING JACKSON, MS 45.50 45.50
------------------------------------------------------------------------------------------------------------------------------------
7/24/95 RA - OFFICE DEPOT - DESKJET 1200C & HP SCAN JET JACKSON, MS 2,519.94 2,519.94
------------------------------------------------------------------------------------------------------------------------------------
7/24/95 RA - MS VALLEY GAS - 000 XXXXXXXX XXXXX XXXXXXX, XX 5.94 5.94
------------------------------------------------------------------------------------------------------------------------------------
7/25/95 RA - ENTERGY - 000 XXXXXXXX XX XXXXXXX, XX 161.22 161.22
------------------------------------------------------------------------------------------------------------------------------------
7/26/95 RA - BORDERS BOOKS - VARIOUS SOFTWARE PHOENIX, AZ 188.24 188.24
------------------------------------------------------------------------------------------------------------------------------------
7/26/95 RA - CENTURY CELLUNET JACKSON, MS 109.46 109.46
------------------------------------------------------------------------------------------------------------------------------------
7/26/95 RA - PARKING JACKSON, MS 13.00 13.00
------------------------------------------------------------------------------------------------------------------------------------
7/26/95 RA - COMPUSA - ACCU 16 BIT ISASCSI-I ADDISON, TX 108.24 108.24
------------------------------------------------------------------------------------------------------------------------------------
7/27/95 RA - GRAYBAR - MISC JACKSON, MS 36.73 36.73
------------------------------------------------------------------------------------------------------------------------------------
7/30/95 RA - MODEM EXCHANGE DIFF - NO RECEIPT JACKSON, MS 32.10 32.10
------------------------------------------------------------------------------------------------------------------------------------
8/1/95 SOLONET EQUIPMENT PALM BAY, FL 2,865.00 2,865.00
------------------------------------------------------------------------------------------------------------------------------------
8/1/95 RA - SOFTWARE ETO - IDEPRO-ISA JACKSON, MS 74.89 74.89
------------------------------------------------------------------------------------------------------------------------------------
8/1/95 RA - OFFICE DEPOT - MODEM & VARIOUS JACKSON, MS 288.89 611.66 900.55
------------------------------------------------------------------------------------------------------------------------------------
8/4/95 RA - MCTA JACKSON, MS 367.31 367.31
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXXX XXXXXX - XXXXXXX XXXXX, XX 4,551.00 4,551.00
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXXXX'X XXXXXXXXXX XXXXXXX, XX 116.60 116.60
------------------------------------------------------------------------------------------------------------------------------------
8/6/95 RA - RADIO SHACK - MISC JACKSON, MS 7.46 7.46
------------------------------------------------------------------------------------------------------------------------------------
8/6/95 RA - OFFICE DEPOT - MISC SOFTWARE JACKSON, MS 384.75 384.75
------------------------------------------------------------------------------------------------------------------------------------
8/7/95 RA - MCI JACKSON, MS 35.49 35.49
------------------------------------------------------------------------------------------------------------------------------------
8/7/95 RA - FUEL JACKSON, MS 15.06 15.06
------------------------------------------------------------------------------------------------------------------------------------
8/8/95 RA - AMERICAN EXPRESS - AMERICA ONLINE JACKSON, MS 33.90 33.90
------------------------------------------------------------------------------------------------------------------------------------
8/8/95 RA - AMERICAN EXPRESS - EWORLD JACKSON, MS 8.95 8.95
------------------------------------------------------------------------------------------------------------------------------------
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FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
8/8/95 RA - AMERICAN EXPRESS - NETCOM JACKSON, MS 19.95 19.95
------------------------------------------------------------------------------------------------------------------------------------
8/8/95 RA - AMERICAN EXPRESS - COMPUSERVE JACKSON, MS 9.95 9.95
------------------------------------------------------------------------------------------------------------------------------------
8/8/95 RA - INSIGHT DIRECT - NO DETAIL TEMPE, AZ 59.00 59.00
------------------------------------------------------------------------------------------------------------------------------------
8/9/95 RA - DIREC TV SUBSCRIPTION JACKSON, MS 381.89 381.89
------------------------------------------------------------------------------------------------------------------------------------
8/9/95 RA - MADISON ACE HARDWARE - MISC MADISON, MS 59.05 59.05
------------------------------------------------------------------------------------------------------------------------------------
8/9/95 RA - MADISON ACE HARDWARE - MISC MADISON, MS 5.22 5.22
------------------------------------------------------------------------------------------------------------------------------------
8/9/95 RA - RADIO SHACK - MISC JACKSON, MS 17.63 17.63
------------------------------------------------------------------------------------------------------------------------------------
8/10/95 RA - AT&T GOLD CARD - MAC PC SOFTWARE JACKSON, MS 75.58 75.58
------------------------------------------------------------------------------------------------------------------------------------
8/10/95 RA - ELECTRIC WORLD MISC AURORA, CO 61.25 61.25
------------------------------------------------------------------------------------------------------------------------------------
8/11/95 RA - OFFICE DEPOT - FAX JACKSON, MS 536.87 536.87
------------------------------------------------------------------------------------------------------------------------------------
8/11/95 RA - LITTLE TOKYO JACKSON, MS 53.63 53.63
------------------------------------------------------------------------------------------------------------------------------------
8/12/95 RA - HOLIDAY INN RICHARDSON, TX 133.34 133.34
------------------------------------------------------------------------------------------------------------------------------------
8/13/95 RA - HOLIDAY INN EXPRESS ADDISON, TX 72.32 72.32
------------------------------------------------------------------------------------------------------------------------------------
8/13/95 RA - HOLIDAY INN EXPRESS ADDISON, TX 72.32 72.32
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - COURTYARD ? 64.15 64.15
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - COURTYARD ? 64.15 64.15
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - AJO AL'S PHOENIX, AZ 61.50 61.50
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - BOOKSTAR - PROAUDIO SPECTRUM PHOENIX, AZ 37.41 37.41
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - SOFTWARE CITY - MISC SOFTWARE PHOENIX, AZ 533.53 533.53
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - INSIGHT - P120 CONFIGURED SYSTEM TEMPE, AZ 4,610.00 4,610.00
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 RA - INSIGHT - P120 CONFIGURED SYSTEM TEMPE, AZ 4,949.00 4,949.00
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 SURANET SUBSCRIPTION SERVICE BALTIMORE, MD 3,317.55 3,317.55
------------------------------------------------------------------------------------------------------------------------------------
8/14/95 SIGNATURE FINANCIAL - COPIER AND COMPUTER EQUIPMENT - DALLAS DALLAS, TX 3,873.04 23.36 3,896.40
------------------------------------------------------------------------------------------------------------------------------------
8/15/95 RA - BUDGET CAR RENTAL PHOENIX, AZ 41.34 41.34
------------------------------------------------------------------------------------------------------------------------------------
8/18/95 RA - VIRGILIO'S RESTAURANT MADISON, MS 62.54 62.54
------------------------------------------------------------------------------------------------------------------------------------
8/19/95 RA - XXXXXXXXXX LUMBER - TOOLS JACKSON, MS 184.02 184.02
------------------------------------------------------------------------------------------------------------------------------------
8/20/95 RA - UTILITY XXXX - LAKE XXXXXX JACKSON, MS 62.27 62.27
------------------------------------------------------------------------------------------------------------------------------------
8/20/95 RA - UTILITY XXXX - 000 XXXXXXXX XXXXX XXXXXXX, XX 142.66 142.66
------------------------------------------------------------------------------------------------------------------------------------
8/22/95 ROBBINS, BERLINER, & CARSON RETAINER LOS ANGELES, CA 25,000.00 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
8/22/95 XXXXXX NETWORK SYSTEMS - 20 DIRECPC ACCESS KITS & MISC GERMANTOWN, MD 31,070.80 31,070.80
------------------------------------------------------------------------------------------------------------------------------------
8/24/95 RA - SOUTH CENTRAL XXXX JACKSON, MS 39.15 39.15
------------------------------------------------------------------------------------------------------------------------------------
8/24/95 RA - CITY GROCERY OXFORD, MS 89.23 89.23
------------------------------------------------------------------------------------------------------------------------------------
8/24/95 RA - HOLIDAY INN OXFORD, MS 80.66 80.66
------------------------------------------------------------------------------------------------------------------------------------
8/24/95 RA - HOLIDAY INN OXFORD, MS 202.85 202.85
------------------------------------------------------------------------------------------------------------------------------------
8/24/95 GRAYBAR - MISC JACKSON, MS 790.53 790.53
------------------------------------------------------------------------------------------------------------------------------------
8/27/95 RA - FUEL JACKSON, MS 44.54 44.54
------------------------------------------------------------------------------------------------------------------------------------
8/29/95 GRAYBAR - MISC GRAYBAR JACKSON, MS 170.12 170.12
------------------------------------------------------------------------------------------------------------------------------------
8/29/95 RA - BUDGET CAR RENTAL PHOENIX, AZ 160.30 160.30
------------------------------------------------------------------------------------------------------------------------------------
8/29/95 RA - PARKING PHOENIX, AZ 26.00 26.00
------------------------------------------------------------------------------------------------------------------------------------
Page 3 of 10
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ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
8/30/95 RA - SOFTWARE CITY - NORTON UTILITIES/ANTI-VIRUS/MISC CABLES PHOENIX, AZ 133.92 357.71 491.63
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXX XXXX-XXXXX XXXXXX, XX 91.11 91.11
------------------------------------------------------------------------------------------------------------------------------------
9/1/95 RA - NICK'S RESTAURANT - XX XXXXX JACKSON, MS 83.90 83.90
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXX XXXXXXX XXXX XXXXXXX, XX 110.09 110.09
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXX XXXXXXXX & XXX XX XXXXXXX, XX 339.03 339.03
------------------------------------------------------------------------------------------------------------------------------------
9/6/95 XXXXX XXXX PAID RADIO SHACK AND GRAYBAR MISC JACKSON, MS 49.67 49.67
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXX XXXXX XXXXXXX, XX 492.13 492.13
------------------------------------------------------------------------------------------------------------------------------------
9/6/95 RA - MISC JACKSON, MS 18.95 18.95
------------------------------------------------------------------------------------------------------------------------------------
9/7/95 RA - CAFE NEW ORLEANS - XX XXXX, XX XXXX OXFORD, MS 32.49 32.49
------------------------------------------------------------------------------------------------------------------------------------
9/7/95 RA - BRAVO - XXX XXXXX JACKSON, MS 22.28 22.28
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXXX XXX XXXXXX, XX 61.83 61.83
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXXX XXX XXXXXX, XX 63.38 63.38
------------------------------------------------------------------------------------------------------------------------------------
9/8/95 ROBBINS, BERLINER, & XXXXXX LOS ANGELES, CA 25,000.00 25,000.00
------------------------------------------------------------------------------------------------------------------------------------
9/8/95 RA - EL CHARRO MEXICAN RESTAURANT - XX XXXX, XXXXX XXXXXX BATESVILLE, MS 32.66 32.66
------------------------------------------------------------------------------------------------------------------------------------
9/11/95 RA - OFFICE DEPOT JACKSON, MS 806.21 31.59 837.80
------------------------------------------------------------------------------------------------------------------------------------
9/13/95 RA - BRICK OVEN - XX XXXX, DR SWAGNKER RIDGELAND, MS 44.56 44.56
------------------------------------------------------------------------------------------------------------------------------------
9/14/95 RA - COURTYARD MARRIOTT GAITHERSBURG, MD 86.90 86.90
------------------------------------------------------------------------------------------------------------------------------------
9/15/95 DELTA AIRLINES - FLIGHTS TO DALLAS & PHOENIX VARIOUS 1,741.00 1,741.00
------------------------------------------------------------------------------------------------------------------------------------
9/15/95 SOUTHWESTERN XXXX JACKSON, MS 245.55 245.55
------------------------------------------------------------------------------------------------------------------------------------
9/15/95 RA - REGENCY CAB BALTIMORE, MD 65.00 65.00
------------------------------------------------------------------------------------------------------------------------------------
9/15/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 13.00 13.00
------------------------------------------------------------------------------------------------------------------------------------
9/16/95 RA - MCTA JACKSON, MS 122.01 122.01
------------------------------------------------------------------------------------------------------------------------------------
9/16/95 RA - MCTA JACKSON, MS 63.13 63.13
------------------------------------------------------------------------------------------------------------------------------------
9/16/95 RA - UNKNOWN - MOUNTING HARDWARE UNKNOWN 522.17 522.17
------------------------------------------------------------------------------------------------------------------------------------
9/16/95 RA - NORTHPARK OUTDOOR - MOUNTING HARDWARE RIDGELAND, MS 38.51 38.51
------------------------------------------------------------------------------------------------------------------------------------
9/18/95 HERITAGE GRAPHICS - MARKETING JACKSON, MS 802.50 802.50
------------------------------------------------------------------------------------------------------------------------------------
9/18/95 XXXXXX NETWORK SYSTEMS - DIRECPC ACCESS KIT GERMANTOWN, MD 7,620.36 7,620.36
------------------------------------------------------------------------------------------------------------------------------------
9/19/95 FEDERAL EXPRESS JACKSON, MS 176.25 176.25
------------------------------------------------------------------------------------------------------------------------------------
9/20/95 HERITAGE GRAPHICS - POWERMAC SET-UP JACKSON, MS 6,712.96 6,712.96
------------------------------------------------------------------------------------------------------------------------------------
9/20/95 RA - LAKE XXXXXX UTILITIES DIST CANTON, MS 74.65 74.65
------------------------------------------------------------------------------------------------------------------------------------
9/20/95 RA - BIG 4 RESTAURANTS - M PEAVEY, C PEAVEY UNKNOWN 129.00 129.00
------------------------------------------------------------------------------------------------------------------------------------
9/20/95 RA - MAGUNDI'S - XXX XXXX, XXXXX XXXXX JACKSON, MS 22.63 22.63
------------------------------------------------------------------------------------------------------------------------------------
9/21/95 RA - A,T,&T JACKSON, MS 17.98 17.98
------------------------------------------------------------------------------------------------------------------------------------
9/21/95 RA - THE BROADMOOR COLORADO SPRINGS, CO 280.94 280.94
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 STEPHENS, BERG, & XXXXXXX - VARIOUS LEGAL LOS ANGELES, CA 7,253.50 7,253.50
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 RA - THE BROADMOOR COLORADO SPRINGS, CO 0.75 0.75
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 RA - MOTOROLA - EQUIPMENT FOR PHONE CHICAGO, IL 281.62 281.62
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 RA - VILLAGE MARKET SNOWMASS, CO 28.53 28.53
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 RA - THE BROADMOOR DRUG STORE - COMPUTER BOOKS COLORADO SPRINGS, CO 29.25 29.25
------------------------------------------------------------------------------------------------------------------------------------
Page 4 of 10
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ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
9/22/95 RA - VILLAGE MARKET - XXX XXXXXXXX SNOWMASS, CO 28.53 28.53
------------------------------------------------------------------------------------------------------------------------------------
9/23/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 13.00 13.00
------------------------------------------------------------------------------------------------------------------------------------
9/24/95 RA - MCTA JACKSON, MS 233.95 233.95
------------------------------------------------------------------------------------------------------------------------------------
9/24/95 RA - COUNTRY GENERAL BRIGHTON, CO 60.42 60.42
------------------------------------------------------------------------------------------------------------------------------------
9/24/95 RA - LAFAMILIA RESTAURANT - XXXXXXX XXXXX FT XXXXXX, CO 39.66 39.66
------------------------------------------------------------------------------------------------------------------------------------
9/24/95 RA - UNKNOWN UNKNOWN 56.00 56.00
------------------------------------------------------------------------------------------------------------------------------------
9/25/95 RA - GRAYBAR - MISC JACKSON, MS 75.62 75.62
------------------------------------------------------------------------------------------------------------------------------------
9/25/95 RA - MAGUNDI'S - XXXX XXXXX, XXX XXXX JACKSON, MS 30.67 30.67
------------------------------------------------------------------------------------------------------------------------------------
9/25/95 RA - FUEL JACKSON, MS 16.43 16.43
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - CENTURY CELLUNET JACKSON, MS 54.24 54.24
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - CENTURY CELLUNET JACKSON, MS 90.99 90.99
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - BUDGET RENTAL CARS HOUSTON, TX 41.77 41.77
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - LA QUINTA HOUSTON, TX 84.14 84.14
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - CENTURY CELLUNET JACKSON, MS 72.44 72.44
------------------------------------------------------------------------------------------------------------------------------------
9/26/95 RA - CENTURY CELLUNET JACKSON, MS 7.22 7.22
------------------------------------------------------------------------------------------------------------------------------------
9/27/95 RA - FUDDRUCKERS - XXX XXXXXX, XXXX XXXXX MCI HOUSTON, TX 33.68 33.68
------------------------------------------------------------------------------------------------------------------------------------
9/28/95 RA - WILSON WORLD IRVING, TX 114.82 114.82
------------------------------------------------------------------------------------------------------------------------------------
9/29/95 RA - GRAYBAR - MISC JACKSON, MS 235.84 235.84
------------------------------------------------------------------------------------------------------------------------------------
9/29/95 RA - TICO'S - XXXXXXX XXXXX, XXX XXXXX, XXXX XXXXX RIGDELAND, MS 116.79 116.79
------------------------------------------------------------------------------------------------------------------------------------
9/29/95 RA - CHEVRON FLORA, MS 30.67 30.67
------------------------------------------------------------------------------------------------------------------------------------
9/29/95 RA - ENTERGY JACKSON, MS 125.71 125.71
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXX-X-XXXX XXXXXXXXXXX, XX 33.68 33.68
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXXX XXXXXXX, XX 80.11 80.11
------------------------------------------------------------------------------------------------------------------------------------
10/2/95 FEDERAL EXPRESS JACKSON, MS 110.25 110.25
------------------------------------------------------------------------------------------------------------------------------------
10/2/95 RA - MANHATTAN'S UPTOWN - XX XXXXXX, XX XXXXXX KANSAS STATE U MANHATTAN, KS 142.31 142.31
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXX XXXXXXX XXXXX XXXXXXX, XX 31.47 31.47
------------------------------------------------------------------------------------------------------------------------------------
10/4/95 RA - MCTA JACKSON, MS 568.87 568.87
------------------------------------------------------------------------------------------------------------------------------------
10/4/95 RA - BUDGET RENTAL CARS KANSAS CITY, MO 151.34 151.34
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXX XXXXX XXXXXX XXXX, XX 10.29 10.29
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXX XXXXX XXXXXX XXXX, XX 47.77 47.77
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXX XXXXX XXXXXX XXXX, XX 15.92 15.92
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXXX XXXXXXX, XX 41.02 41.02
------------------------------------------------------------------------------------------------------------------------------------
10/4/95 RA - BELLSOUTH JACKSON, MS 192.34 192.34
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XX XXXXXX XXX XXXXXXX, XX 5.92 5.92
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXX XXXXXXXXXXXXX XXXXXXX XXXXXXX, XX 19.50 19.50
------------------------------------------------------------------------------------------------------------------------------------
10/6/95 RA - MCTA JACKSON, MS 60.82 60.82
------------------------------------------------------------------------------------------------------------------------------------
10/6/95 RA - DIRECT TV JACKSON, MS 25.50 25.50
------------------------------------------------------------------------------------------------------------------------------------
10/7/95 RA - MCI JACKSON, MS 47.34 47.34
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXX XXXXX XXXXXXX, XX 176.27 176.27
------------------------------------------------------------------------------------------------------------------------------------
Page 5 of 10
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ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXXX XXX XXXXXXX, XX 495.54 495.54
------------------------------------------------------------------------------------------------------------------------------------
10/8/95 RA - TORTORTICI'S - C L MAYMOED, XXXXXX XXXXX, XXXXX MAGLIOTIUO NEW ORLEANS, LA 106.05 106.05
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXX XXXXXXXXXX XXX XXXXXXX, XX 18.33 18.33
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXX'X - XXXXXX XXXXX XXX XXXXXXX, XX 81.97 81.97
------------------------------------------------------------------------------------------------------------------------------------
10/9/95 RA - MARGARITAVILLE N O - CL MAYMOED NEW ORLEANS, LA 39.13 39.13
------------------------------------------------------------------------------------------------------------------------------------
10/10/95 GRAYBAR - MISC JACKSON, MS 8.38 8.38
------------------------------------------------------------------------------------------------------------------------------------
10/11/95 RA - MAGUNDI'S - XXXX XX XXXXXXX, MS 12.31 12.31
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 INSIGHT - 5 P120 CONFIGURED SYSTEMS TEMPE, AZ 21,379.00 21,379.00
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 HERITAGE GRAPHICS - MARKETING JACKSON, MS 1,379.50 1,379.50
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 HERITAGE GRAPHICS - NEC INTERFACE & NEC PORTABLE CD ROM JACKSON, MS 1,225.88 1,225.88
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 HERITAGE GRAPHICS - POWERMAC JACKSON, MS 20,664.68 20,664.68
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 HERITAGE GRAPHICS - MARKETING JACKSON, MS 4,039.63 4,039.63
------------------------------------------------------------------------------------------------------------------------------------
10/13/95 RA - HOTEL ST XXXXX NEW ORLEANS, LA 27.40 27.40
------------------------------------------------------------------------------------------------------------------------------------
10/15/95 SOUTHWESTERN XXXX JACKSON, MS 84.44 84.44
------------------------------------------------------------------------------------------------------------------------------------
10/16/95 RA - MCTA JACKSON, MS 16.63 16.63
------------------------------------------------------------------------------------------------------------------------------------
10/17/95 UUNET - 0 XXXXX XXXXXXX XXXXXXX, XX 4,863.60 4,863.60
------------------------------------------------------------------------------------------------------------------------------------
10/17/95 RA - COMPUSA ADDISON, TX 1,943.03 138.54 2,081.57
------------------------------------------------------------------------------------------------------------------------------------
10/20/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 19.50 19.50
------------------------------------------------------------------------------------------------------------------------------------
10/21/95 RA - A,T,&T JACKSON, MS 26.77 26.77
------------------------------------------------------------------------------------------------------------------------------------
10/21/95 RA - TICO'S - XXXXX XXXXX, XX XXXX, XX XXXX RIDGELAND, MS 159.48 159.48
------------------------------------------------------------------------------------------------------------------------------------
10/23/95 RA - PINNACLE MICRO IRVINE, CA 214.00 214.00
------------------------------------------------------------------------------------------------------------------------------------
10/24/95 DELTA AIRLINES - JAN - MCI - BWI - DFW VARIOUS 3,238.00 3,238.00
------------------------------------------------------------------------------------------------------------------------------------
10/25/95 HERITAGE GRAPHICS - MARKETING JACKSON, MS 703.00 703.00
------------------------------------------------------------------------------------------------------------------------------------
10/25/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 6.50 6.50
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 RA - AMID CABS LOS ANGELES, CA 51.00 51.00
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 RA - OMNI HOTEL LOS ANGELES, CA 213.29 213.29
------------------------------------------------------------------------------------------------------------------------------------
10/28/95 XX - XXXXXX HOTEL ADDISON, TX 130.56 130.56
------------------------------------------------------------------------------------------------------------------------------------
10/30/95 HERITAGE GRAPHICS - MARKETING JACKSON, MS 339.36 339.36
------------------------------------------------------------------------------------------------------------------------------------
10/30/95 XXXXX XXXXXX EXPENSES JACKSON, MS 707.41 707.41
------------------------------------------------------------------------------------------------------------------------------------
10/30/95 XXXXXXX XXXXX EXPENSES JACKSON, MS 275.04 275.04
------------------------------------------------------------------------------------------------------------------------------------
10/30/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 26.00 26.00
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XXX XXXXXXX XXXXXXXXX XX XXX XXXXXXX, XX 246.95 246.95
------------------------------------------------------------------------------------------------------------------------------------
11/1/95 DIAL-A-PAGE RUSSELVILLE, AR 25.14 25.14
------------------------------------------------------------------------------------------------------------------------------------
11/15/95 SOUTHWESTERN XXXX JACKSON, MS 112.16 112.16
------------------------------------------------------------------------------------------------------------------------------------
11/16/95 DELTA AIRLINES - HOU-DAL-LAX-IAD-BWI VARIOUS 5,136.00 5,136.00
------------------------------------------------------------------------------------------------------------------------------------
11/21/95 XXXXX XXXXXX MILEAGE JACKSON, MS 397.80 397.80
------------------------------------------------------------------------------------------------------------------------------------
11/21/95 FEDERAL EXPRESS JACKSON, MS 62.00 62.00
------------------------------------------------------------------------------------------------------------------------------------
00/00/00 XXX XXXXXXX XXXXXXXXX XX XXX XXXXXXX, XX 591.56 591.56
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 BOLES, BOLES, & XXXX MONROE, LA 1,211.25 1,211.25
------------------------------------------------------------------------------------------------------------------------------------
Page 6 of 10
A-3
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ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
12/10/95 BELLSOUTH JACKSON, MS 572.33 572.33
------------------------------------------------------------------------------------------------------------------------------------
12/15/95 DELTA AIR LINES JACKSON, MS 9,800.00 9,800.00
------------------------------------------------------------------------------------------------------------------------------------
12/15/95 SOUTHWESTERN XXXX TELEPHONE JACKSON, MS 95.82 95.82
------------------------------------------------------------------------------------------------------------------------------------
12/30/95 BAY SPRINGS TELEPHONE COMPANY BAY SPRINGS, MS 411.92 411.92
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 RA - EXPENSES UNLOCATED AND UNIDENTIFIED JACKSON, MS 119.40 119.40
------------------------------------------------------------------------------------------------------------------------------------
1/15/96 DIAL-A-PAGE JACKSON, MS 63.00 63.00
------------------------------------------------------------------------------------------------------------------------------------
1/29/96 BELLSOUTH JACKSON, MS 94.00 94.00
------------------------------------------------------------------------------------------------------------------------------------
1/29/96 FEDERAL EXPRESS JACKSON, MS 162.50 162.50
------------------------------------------------------------------------------------------------------------------------------------
1/29/96 STEPHENS, BERG, & LASSATER LOS ANGELES, CA 172.48 172.48
------------------------------------------------------------------------------------------------------------------------------------
12/11/95 STEPHENS, BERG, & XXXXXXX LOS ANGELES, CA 9,245.59 9,245.59
------------------------------------------------------------------------------------------------------------------------------------
12/20/95 STEPHENS, BERG, & XXXXXXX LOS ANGELES, CA 3,159.00 3,159.00
------------------------------------------------------------------------------------------------------------------------------------
10/7/95 RA - OFFICE DEPORT - HP FAX JACKSON, MS 690.92 690.92
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 RA - DATA PROJECTIONS - EZ SHOW 840 DATA/VIDEO & DUKANE O/H PROJ HOUSTON, TX 3,410.00 3,410.00
------------------------------------------------------------------------------------------------------------------------------------
11/1/95 AIR LAUREL FLIGHT - LAUREL - MONROE - JXN - WASHINGTON - JXN - LAUR JACKSON, MS 13,055.31 13,055.31
------------------------------------------------------------------------------------------------------------------------------------
11/1/95 HERITAGE GRAPHICS - SATELITTE CATALOG/SOFTWARE JACKSON, MS 2,046.38 2,046.38
------------------------------------------------------------------------------------------------------------------------------------
11/2/95 RA - COURTYARD MARRIOTT GAITHERSBURG, MD 168.98 168.98
------------------------------------------------------------------------------------------------------------------------------------
11/3/95 RA - B XXXXXX BOOKSELLER - BOOKS BY XXXXX XXXXXXXX & XXXXXXX XX GAITHERSBURG, MD 39.85 39.85
------------------------------------------------------------------------------------------------------------------------------------
11/4/95 RA - BUDGET SEARS CAR RENTAL ARLINGTON, VA 95.35 95.35
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXX XXXXXXXXXXXXX XXXXXXX XXXXXXX, XX 3.50 3.50
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXXXXX/XXXXXXXX XXXX XXXXXXX, XX 4.60 4.60
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXX XXX XXXXXX, XX 64.31 64.31
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXX XXX XXXXXX, XX 97.96 97.96
------------------------------------------------------------------------------------------------------------------------------------
11/5/95 RA - MAGUNDI'S - XXXX XXXXXXXXXX, XXXX XXXXX JACKSON, MS 15.55 15.55
------------------------------------------------------------------------------------------------------------------------------------
11/5/95 RA - FLAMING PIT GAITHERSBURG, MD 48.85 48.85
------------------------------------------------------------------------------------------------------------------------------------
11/6/95 RA - BUDGET SEARS CAR RENTAL DALLAS, TX 18.68 18.68
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXXXX XXXXXXXXX, XX 13.91 13.91
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXX XXX XXXXXX, XX 65.42 65.42
------------------------------------------------------------------------------------------------------------------------------------
11/7/95 RA - OMNI XXXXXXXXXX - 2 SHINER XXXX RICHARDSON, TX 6.50 6.50
------------------------------------------------------------------------------------------------------------------------------------
11/7/95 RA - OMNI HOTEL RICHARDSON, TX 211.81 211.81
------------------------------------------------------------------------------------------------------------------------------------
11/7/95 RA - OMNI HOTEL RICHARDSON, TX 190.97 190.97
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXX XXXXX XXXXXXX, XX 297.70 297.70
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXX XXXXXXX XXX XXXX, XX 45.00 45.00
------------------------------------------------------------------------------------------------------------------------------------
11/10/95 RA - SHELL MADISON, MS 25.81 25.81
------------------------------------------------------------------------------------------------------------------------------------
11/11/95 RA - SOFTWARE, ETC - MAP N GO RIDGELAND, MS 48.14 48.14
------------------------------------------------------------------------------------------------------------------------------------
11/12/95 RA - FUEL JACKSON, MS 22.03 22.03
------------------------------------------------------------------------------------------------------------------------------------
11/13/95 RA - SHERATON METAIRIE, LA 201.47 201.47
------------------------------------------------------------------------------------------------------------------------------------
11/13/95 RA - COMPUSA - MISC SOFTWARE/BOOKS METAIRIE, LA 750.19 750.19
------------------------------------------------------------------------------------------------------------------------------------
11/15/95 RA - MACARONI GRILL JACKSON, MS 29.10 29.10
------------------------------------------------------------------------------------------------------------------------------------
11/15/95 RA - YELLOW CAB UNKNOWN 65.00 65.00
------------------------------------------------------------------------------------------------------------------------------------
Page 7 of 10
A-3
XXXXXX PROJECT
ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
11/16/95 RA - ACE LIMOUSINE SERVICE CHICAGO, IL 72.00 72.00
------------------------------------------------------------------------------------------------------------------------------------
11/16/95 RA - JACKSON INTERNATIONAL AIRPORT JACKSON, MS 13.00 13.00
------------------------------------------------------------------------------------------------------------------------------------
11/17/95 RA - US POSTAL SERVICE RIDGELAND, MS 38.40 38.40
------------------------------------------------------------------------------------------------------------------------------------
11/20/95 RA - XXXXXXX'X - XXXXXX XXXXX, XXXXX MEGLEOTTO, XXXX XXXXX JACKSON, MS 102.16 102.16
------------------------------------------------------------------------------------------------------------------------------------
11/20/95 RA - MAGUNDI'S - XXXX XXXXXXXXXX, XXXXX XXXXXX JACKSON, MS 11.55 11.55
------------------------------------------------------------------------------------------------------------------------------------
11/20/95 RA - NICK'S RESTAURANT - XXXXX MEGLEOTTO, XXXXXX XXXXX, XXX GO JACKSON, MS 166.91 166.91
------------------------------------------------------------------------------------------------------------------------------------
11/20/95 RA - SOFTWARE, ETC - NTSCPNVG1.2 RIDGELAND, MS 48.14 48.14
------------------------------------------------------------------------------------------------------------------------------------
11/21/95 RA - VIRGILIO'S - EL XXXXX MADISON, MS 33.06 33.06
------------------------------------------------------------------------------------------------------------------------------------
11/24/95 RA - BUDGET SEARS CAR RENTAL DALLAS, TX 36.01 36.01
------------------------------------------------------------------------------------------------------------------------------------
11/24/95 RA - XXXXXXX INTERNATIONAL AIRPORT JACKSON, MS 5.50 5.50
------------------------------------------------------------------------------------------------------------------------------------
11/25/95 RA - FUEL JACKSON, MS 94.21 94.21
------------------------------------------------------------------------------------------------------------------------------------
11/25/95 RA - PARKING UNKNOWN 41.36 41.36
------------------------------------------------------------------------------------------------------------------------------------
11/25/95 RA - SUTHERLANDS LUMBER - 16IN 2.0 CU SAW W JACKSON, MS 144.45 144.45
------------------------------------------------------------------------------------------------------------------------------------
11/29/95 XX - XXX & MAL'S - XXXX XXXXX JACKSON, MS 14.74 14.74
------------------------------------------------------------------------------------------------------------------------------------
11/29/95 RA - OFFICE DEPOT - SUPPLIES JACKSON, MS 30.31 30.31
------------------------------------------------------------------------------------------------------------------------------------
11/29/95 RA - JACKSON INTERNATIONAL AIRPORT JACKSON, MS 20.50 20.50
------------------------------------------------------------------------------------------------------------------------------------
11/29/95 RA - RENAISSANCE ATLANTA ATLANTA, GA 185.82 185.82
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 RA - KINKO'S JACKSON, MS 7.97 7.97
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 RA - HOLIDAY INN ORANGEBURG, NY 120.46 120.46
------------------------------------------------------------------------------------------------------------------------------------
11/30/95 RA - BUDGET RENTAL CARS NEWARK, NJ 147.21 147.21
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 DIAL-A-PAGE JACKSON, MS 31.50 31.50
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 RA - TICO'S - XXX XXXXX, XXXX XXXXX JACKSON, MS 68.32 68.32
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 RA - WORTH & WORTH LTD - TAN DRIFTER NEW YORK, NY 64.95 64.95
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 RA - UNKNOWN PARKING UNKNOWN 54.00 54.00
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XX XXXXXX XXXXXXX XXXXXXX, XX 20.41 20.41
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXX XXXXXXXX XXX XXXX, XX 60.00 60.00
------------------------------------------------------------------------------------------------------------------------------------
12/2/95 RA - W.P. LOUNGE UNKNOWN 1.85 1.85
------------------------------------------------------------------------------------------------------------------------------------
12/5/95 RA - GOOD EATS GRILL - XXXX XXXXX, XXXX XXXXXX JACKSON, MS 21.82 21.82
------------------------------------------------------------------------------------------------------------------------------------
12/5/95 RA - SHELL JACKSON, MS 13.96 13.96
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXXX XXXXXXX, XX 94.48 94.48
------------------------------------------------------------------------------------------------------------------------------------
12/6/95 RA - GOLDER CAB CO UNKNOWN 45.00 45.00
------------------------------------------------------------------------------------------------------------------------------------
12/7/95 RA - SAINT GERMAIN BAKERY & CAFE - XXXXX XXXXX, LLOD BARRETTS CHICAGO, IL 39.53 39.53
------------------------------------------------------------------------------------------------------------------------------------
12/7/95 RA - JIFFY CABS PHOENIX, AZ 54.00 54.00
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXXX XXXXXXXX XXXXXX XXXXXXX, XX 186.80 186.80
------------------------------------------------------------------------------------------------------------------------------------
12/8/95 RA - BORDERS BOOKS - MISC SOFTWARE & BOOKS CAMELBACK, AZ 157.37 157.37
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XXXX XXXXXX XXXXXXX, XX 542.04 542.04
------------------------------------------------------------------------------------------------------------------------------------
00/0/00 XX - XX XXXXXXX XXXXX XXXXXXX, XX 24.00 24.00
------------------------------------------------------------------------------------------------------------------------------------
12/9/95 RA - EXXON PEARL, MS 14.94 14.94
------------------------------------------------------------------------------------------------------------------------------------
12/9/95 RA - CAB RECEIPT UNKNOWN 62.00 62.00
------------------------------------------------------------------------------------------------------------------------------------
Page 8 of 10
A-3
XXXXXX PROJECT
ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 RA - MIK AND MOT'S JACKSON, MS 66.16 66.16
------------------------------------------------------------------------------------------------------------------------------------
12/13/95 RA - RED ARROW CAR WASH HATTIESBURG, MS 11.66 11.66
------------------------------------------------------------------------------------------------------------------------------------
12/14/95 RA - LITTLE TOKYO JACKSON, MS 32.43 32.43
------------------------------------------------------------------------------------------------------------------------------------
12/16/95 RA - SOFTWARE, ETC - MSACCS95UPG RIDGELAND, MS 106.99 106.99
------------------------------------------------------------------------------------------------------------------------------------
12/18/95 RA - STIRLING TECHNOLOGIES - SHIELD 3 FOR WINDOWS 3.1 CHICAGO, IL 630.00 630.00
------------------------------------------------------------------------------------------------------------------------------------
12/19/95 RA - COMPUSA - ACEC ACECAT II TABLE ADDISON, TX 108.24 108.24
------------------------------------------------------------------------------------------------------------------------------------
12/19/95 RA - COMPUSA - MISC SOFTWARE AND CD'S ADDISON, TX 270.53 270.53
------------------------------------------------------------------------------------------------------------------------------------
12/20/95 RA - CENTRAL PARKING JACKSON, MS 19.00 19.00
------------------------------------------------------------------------------------------------------------------------------------
12/21/95 RA - SERVICE MERCHANDISE - 1 MWS KINETIC QTZ STRAP JACKSON, MS 213.97 213.97
------------------------------------------------------------------------------------------------------------------------------------
12/21/95 RA - SERVICE MERCHANDISE - CALL DISPLAY 85 & CALLER ID JACKSON, MS 116.42 116.42
------------------------------------------------------------------------------------------------------------------------------------
12/22/95 RA - LA PLACITA - XXXX XXXXX (ROCKY MT SOFTWARE) BRIGHTON, CO 48.57 48.57
------------------------------------------------------------------------------------------------------------------------------------
12/23/95 RA - COMPUTER CITY WESTMINSTER, CO 30.10 30.10
------------------------------------------------------------------------------------------------------------------------------------
12/23/95 RA - COMPUTER CITY - MISC SOFTWARE WESTMINSTER, CO 537.71 537.71
------------------------------------------------------------------------------------------------------------------------------------
12/23/95 RA - KMART CENTER - SOFTWARE - NO SUPPORTING DOCUMENTATION JACKSON, MS 196.76 196.76
------------------------------------------------------------------------------------------------------------------------------------
12/24/95 RA - COMPUSA - MISC AURORA, CO 114.51 114.51
------------------------------------------------------------------------------------------------------------------------------------
12/24/95 RA - COMPUTER CITY HOUSTON, TX 59.21 142.75 201.96
------------------------------------------------------------------------------------------------------------------------------------
12/26/95 RA - COMPUSA - MISC ADDISON, TX 221.84 221.84
------------------------------------------------------------------------------------------------------------------------------------
12/26/95 RA - COMPUSA - MISC ADDISON, TX 1,281.28 1,281.28
------------------------------------------------------------------------------------------------------------------------------------
12/26/95 RA - OMNI HOTEL RICHARDSON, TX 27.98 27.98
------------------------------------------------------------------------------------------------------------------------------------
12/26/95 RA - OMNI HOTEL RICHARDSON, TX 375.50 375.50
------------------------------------------------------------------------------------------------------------------------------------
12/26/95 RA - COMMUNIGROUP JACKSON, MS 187.87 187.87
------------------------------------------------------------------------------------------------------------------------------------
12/28/95 RA - BUDGET RENTAL CARS DALLAS, TX 154.34 154.34
------------------------------------------------------------------------------------------------------------------------------------
12/29/95 RA - MAYFLOWER CAFE JACKSON, MS 39.53 39.53
------------------------------------------------------------------------------------------------------------------------------------
0/0/00 XX - XXXXXX XXXXX XXXXXXX, XX 24.72 24.72
------------------------------------------------------------------------------------------------------------------------------------
11/14/96 RA - TEXACO HAMMOND, LA 22.88 22.88
------------------------------------------------------------------------------------------------------------------------------------
1/29/96 DELTA AIRLINES - XXX XXXXXXXX VARIOUS 3,167.00 3,167.00
------------------------------------------------------------------------------------------------------------------------------------
1/29/96 XXXXX XXXXXX JACKSON, MS 128.99 128.99
------------------------------------------------------------------------------------------------------------------------------------
2/12/96 BOLES, BOLES, & XXXX MONROE, LA 138.75 138.75
------------------------------------------------------------------------------------------------------------------------------------
0/00/00 XXX XXXXXXX XXXXXXXXX XX XXX XXXXXXX, XX 471.73 471.73
------------------------------------------------------------------------------------------------------------------------------------
2/12/96 SOUTHWESTERN XXXX JACKSON, MS 85.99 85.99
------------------------------------------------------------------------------------------------------------------------------------
10/3/95 HERITAGE GRAPHICS - DEVELOPMENT - SOFTWARE JACKSON, MS 1,819.00 1,819.00
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 HERITAGE GRAPHICS - CREATING SOFTWARE JACKSON, MS 7,026.69 7,026.69
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 HERITAGE GRAPHICS - CREATING SOFTWARE JACKSON, MS 1,273.30 1,273.30
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 HERITAGE GRAPHICS - SATELLITE CATALOG/SOFTWARE JACKSON, MS 13,631.80 13,631.80
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 HERITAGE GRAPHICS - DEVELOPING SOFTWARE JACKSON, MS 5,457.00 5,457.00
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 HERITAGE GRAPHICS - FREIGHT JACKSON, MS 233.81 233.81
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 HERITAGE GRAPHICS - INSTALL DOWNLINK JACKSON, MS 214.00 214.00
------------------------------------------------------------------------------------------------------------------------------------
12/31/95 HERITAGE GRAPHICS - DESIGN CONCEPT/OVERTIME JACKSON, MS 3,060.00 3,060.00
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 HERITAGE GRAPHICS - FILM, DESIGN & PRODUCTION JACKSON, MS 179.50 179.50
------------------------------------------------------------------------------------------------------------------------------------
Page 9 of 10
A-3
XXXXXX PROJECT
ANALYSIS OF ITEMS PAID BY TEC PARENT FOR XXXXXX PROJECT
FOR THE PERIOD ENDED APRIL 10, 1996
SOFTWARE &
DEVELPMENT
DATE DESCRIPTION LOCATION EQUIPMENT COSTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 HERITAGE GRAPHICS - FILM, DESIGN & PRODUCTION JACKSON, MS 145.00 145.00
------------------------------------------------------------------------------------------------------------------------------------
10/27/95 HERITAGE GRAPHICS - FILM, DESIGN & PRODUCTION JACKSON, MS 378.50 378.50
------------------------------------------------------------------------------------------------------------------------------------
12/1/95 HERITAGE GRAPHICS - SATELLITE CATALOG/SOFTWARE JACKSON, MS 2,046.38 2,046.38
------------------------------------------------------------------------------------------------------------------------------------
2/23/96 BELLSOUTH JACKSON, MS 94.00 94.00
------------------------------------------------------------------------------------------------------------------------------------
2/26/96 SOUTHWESTERN XXXX JACKSON, MS 81.77 81.77
------------------------------------------------------------------------------------------------------------------------------------
1/15/96 SOUTHWESTERN XXXX JACKSON, MS 95.82 95.82
------------------------------------------------------------------------------------------------------------------------------------
2/29/96 BAY SPRINGS TELEPHONE COMPANY JACKSON, MS 239.99 239.99
------------------------------------------------------------------------------------------------------------------------------------
3/10/96 BELLSOUTH JACKSON, MS 94.00 94.00
------------------------------------------------------------------------------------------------------------------------------------
3/10/96 XXXXXXXX, XXXXXXXXXX & XXXXX LOS ANGELES, CA 1,155.00 1,155.00
------------------------------------------------------------------------------------------------------------------------------------
3/10/96 SOUTHWESTERN XXXX JACKSON, MS 79.48 79.48
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
4/10/96 TOTAL ITEMS PAID 139,232.71 212,482.98 351,715.69
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
ITEMS NOT PAID
------------------------------------------------------------------------------------------------------------------------------------
- - -
------------------------------------------------------------------------------------------------------------------------------------
4/10/96 TOTAL ITEMS NOT PAID
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
4/10/96 GRAND TOTAL 139,232.71 212,482.98 351,715.69
-------------------------------------------------------------------------------------------------===================================
Page 10 of 10
A-3
EXHIBIT B
PROMO TEL SHARES
Promo Tel shall deliver 9,632,312 Shares of its common stock (the
"Stock"). The price of the Stock (the "Promo Tel Stock Price") has been fixed at
$.173085825 per Share.
