LEASE SCHEDULE NO. 1 TO MLA 1
This Schedule and its supplements incorporate by this reference the terms
and conditions of the Master Lease Agreement, Number 1, between Lucent
Technologies, Inc., Interworking Division (Lessor) and TELECOM WIRELESS,
INC. (Lessee).
1. SUPPLIER: ASCEND COMMUNICATIONS, INC.
2. LOCATION OF EQUIPMENT: SEE ATTACHED
3. EQUIPMENT VALUE: $1,226,439.60 (exclusive of sales and/or user taxes).
4. LEASE TERM: The Lease Term of the Equipment described in this Schedule
shall begin on the Rent Commencement Date referenced below in Paragraph 6
and its expiration date shall be THIRTY THREE (33) months after such Rent
Commencement Date.
5. RENT: $11,752.97 per month (exclusive of sales and/or use taxes) due and
payable at the Rent Commencement Date and on the same date of the
succeeding two (2) months followed by $46,788.67 per month (exclusive of
sales and/or use taxes) due and payable on the same day of the succeeding
thirty (30) months of the Lease Term.
6. RENT COMMENCEMENT DATE: DECEMBER 1, 1999
7. PURCHASE OPTION: Lessee shall have the option to purchase the Equipment
for its fair market value for continued use ("FMV"), on the expiration of
this Lease or any renewal term, provided Lessee is not in default of any of
its obligations under this Lease on such expiration date. This purchase
option may only be exercised by ▇▇▇▇▇▇'s written notice to Lessor, not
earlier than 180 days, nor later than 90 days, prior to the end of the Lease
Term or any renewal term. The purchase price for such Equipment shall be
payable upon the expiration date of such term. FMV shall be equal to the
value of the Equipment installed and in use, with consideration given to the
age, condition, utility and replacement costs for the Equipment. In the
event that Lessor and Lessee are unable to agree upon the purchase price for
the Equipment, such purchase price will be determined by an independent
appraiser to be selected by Lessor. Lessee shall be responsible for all
applicable sales and/or use taxes on the Equipment. Upon exercise of this
purchase option and payment of the purchase price, Lessor shall execute and
deliver to Lessee such documents as Lessee may reasonably request in order
to vest in Lessee all right, title and interest in the Equipment.
8. RENEWAL OPTION: Lessee shall have the option to renew this Lease, on the
expiration date of this Lease or any renewal term, for the fair market
rental for the continued use of the Equipment ("FMR") and on such other
terms as may be agreed upon by Lessor and Lessee prior to such expiration
date, provided Lessee is not in default of any of its obligations under this
lease on such expiration date. This renewal option may only be exercised by
▇▇▇▇▇▇'s written notice to Lessor not earlier than 180 days, nor later than
90 days, prior to the end of the Lease Term or any renewal term. FMR shall
be equal to the value of the monthly rental of the Equipment installed and
in use, with consideration given to the age, condition, utility and
replacement costs for the Equipment, for the renewal term.
9. TAX BENEFITS: Lessee understands that Lessor intends to claim the "Tax
Benefits", consisting of the maximum Modified Accelerated Cost Recovery
System deductions for the minimum useful life applicable to each item of
Equipment, as provided by Sections 168(b) and (c) of the Internal Revenue
Code of 1986, and analogous benefits under state law, with respect to the
Equipment. Lessee represents and warrants that: (i) Lessee has not been, is
not now, and during the term of this Lease will not become, and will not
allow the Equipment to be used by or leased to, a tax-exempt entity or
government agency; and (ii) Lessee is not now, and during the term of this
Lease will not become, a public utility. Without limitation by the
preceding sentence, ▇▇▇▇▇▇ agrees not to take any action, fail to take any
action, or misstate any fact which may result in any loss to Lessor of the
Tax Benefits.
▇▇▇▇▇▇ agrees to pay promptly to Lessor an amount which will fully
compensate Lessor, on an after-tax basis, for any loss of the Tax Benefits,
plus interest, penalties and additions to tax, any loss in time value of the
Tax Benefits, and any taxes imposed on any such compensation payment,
resulting from ▇▇▇▇▇▇'s acts, omissions or misstatements, including, without
limitation, with respect to the representations and warranties in the
preceding paragraph. A loss of Tax Benefits ocurs at the earliest of: (i)
the happening of any event causing the loss; (ii) payment by ▇▇▇▇▇▇ of any
additional tax resulting from the loss; or (iii) any adjustment to the tax
return of Lessor. Lessor's right to recovery of a loss of Tax Benefits shall
survive the expiration or termination of this Lease.
10. DESCRIPTION OF EQUIPMENT: See Exhibit A which is attached hereto and made
a part hereof by this reference.
The person executing this Schedule on behalf of ▇▇▇▇▇▇ hereby certifies that
he or she has read, and is duly authorized to execute, this Schedule
Accepted by:
LUCENT TECHNOLOGIES, INC.
INTERNETWORKING DIVISION LESSEE: TELECOM WIRELESS, INC.
BY: ___________________________________ BY: _______________________________
NAME: _________________________________ NAME: _____________________________
Print Print
TITLE: ________________________________ TITLE: ____________________________
DATE: DATE: SEPTEMBER 29, 1999
--------------------------------------------------------------------------------------------------------------------------
EXHIBIT A
--------------------------------------------------------------------------------------------------------------------------
NAME: TELECOM WIRELESS
Location: ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇: ▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
--------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------
220440 17400199 $ 32,566.56 $ 1,953.99 8/2/99 $34,520.55
220563 17400199 $ 23,443.15 $ 1,406.59 7/30/99 $24,849.74
$0.00
$0.00
------------
SUBTOTAL $59,370.29
--------------------------------------------------------------------------------------------------------------------------
Location: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇.
ALBUQUERQUE, NM 87107
--------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------
220377 72799001 $ 19,512.40 $ 1,085.48 7/31/99 $20,597.88
220378 17400199 $ 176,313.97 $ 9,808.35 7/31/99 $186,122.32
220380 17400199 $ 284,821.80 $ 14,732.07 7/31/99 $279,553.97
220400 72799001 $ 169,040.22 $ 9,403.71 7/30/99 $178,443.83
220437 17400199 $ 451,041.50 $ 25,091.44 7/30/99 $476,132.94
$0.00
$0.00
------------
$1,140,850.94
--------------------------------------------------------------------------------------------------------------------------
Location: ▇▇▇▇ ▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
--------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------
112157 72799001 $ 89,700.00 $ 6,548.10 8/31/99 $96,248.10
$0.00
$0.00
------------
$96,248.10
--------------------------------------------------------------------------------------------------------------------------
TOTALS $1,226,439.60 $ 70,029.73
LESS TAX $ (70,029.73)
Total: $1,226,439.60
--------------------------------------------------------------------------------------------------------------------------
NATIONAL FINANCING STATEMENT (FORM UCC1)(TRANS)(REV. 12/18/95)
THIS SPACE FOR USE OF FILING OFFICER
FINANCING STATEMENT - FOLLOW INSTRUCTIONS CAREFULLY
This Financing Statement is presented for filing pursuant to the Uniform
Commercial Code and will remain effective, with certain exceptions, for 5
years from date of filing.
=====================================================================================================
A. NAME & TEL # OF CONTACT AT FILER (optional) B. FILING OFFICE ACCT. # (optional)
C. RETURN COPY TO: (Name and Mailing Address)
=====================================================================================================
D. OPTIONAL DESIGNATION [if applicable]: / /LESSOR/LESSEE / /CONSIGNOR/CONSIGNEE / /NON-UCC FILING
==================================================================================================================================
1. DEBTOR'S EXACT FULL LEGAL NAME - Insert only one debtor name (1a or 1b)
1a. ENTITY'S NAME
Telecom Wireless
OR -----------------------------------------------------------------------------------------------------------------------------
1b. INDIVIDUAL'S LAST NAME FIRST NAME MIDDLE NAME SUFFIX
----------------------------------------------------------------------------------------------------------------------------------
1c: MAILING ADDRESS CITY STATE COUNTRY POSTAL CODE
▇▇▇▇ ▇▇▇ ▇▇▇▇., ▇▇▇▇▇ #▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
----------------------------------------------------------------------------------------------------------------------------------
1d. S.S. OR TAX I.D.# OPTIONAL 1e. TYPE OF ENTITY 1f. ENTITY'S STATE 1g. ENTITY'S ORGANIZATIONAL I.D.#, if any
ADD'NL INFO RE OR COUNTRY OF / /NONE
ENTITY DEBTOR ORGANIZATION
==================================================================================================================================
2. ADDITIONAL DEBTOR'S EXACT FULL LEGAL NAME-insert only one debtor name (2a or 2b)
2a. ENTITY'S NAME
OR -------------------------------------------------------------------------------------------------------------------------------
2b. INDIVIDUAL'S LAST NAME FIRST NAME MIDDLE NAME SUFFIX
----------------------------------------------------------------------------------------------------------------------------------
2c. MAILING ADDRESS CITY STATE COUNTRY POSTAL CODE
----------------------------------------------------------------------------------------------------------------------------------
2d. S.S. OR TAX I.D.# OPTIONAL 2e. TYPE OF ENTITY 2f. ENTITY'S STATE 2g. ENTITY'S ORGANIZATIONAL I.D.#, if any
ADD'NL INFO RE OR COUNTRY OF / /NONE
ENTITY DEBTOR ORGANIZATION
==================================================================================================================================
3. SECURED PARTY'S (Original S/P or ITS TOTAL ASSIGNEE) EXACT FULL LEGAL NAME - Insert only one secured party name (3a or 3b)
3a. ENTITY'S NAME
Ascend Communications, Inc.
OR -----------------------------------------------------------------------------------------------------------------------------
3b. INDIVIDUAL'S LAST NAME FIRST NAME MIDDLE NAME SUFFIX
----------------------------------------------------------------------------------------------------------------------------------
3c. MAILING ADDRESS CITY STATE COUNTRY POSTAL CODE
1701 Harbor Bay Parkway Alameda CA 94502
==================================================================================================================================
4. This FINANCING STATEMENT covers the following types or items of property:
All right, title and interest of Debtor in and to all telecommunications and data networking goods and equipment
provided by Secured Party to Debtor described in the invoice(s) and/or purchase order(s) attached hereto on Schedule
1 and incorporated herein by this reference, together with all accessions, additions, replacement and proceeds thereof
(including, without limitation, whatever is receivable or received when the foregoing or proceeds is sold, collected,
exchanged, returned, substituted or otherwise disposed of, whether such disposition is voluntary or involuntary,
including rights to payment and return premiums and insurance proceeds under insurance with respect to any of the
foregoing, and all rights to payment with respect to any cause of action affecting or relating to the foregoing).
==================================================================================================================================
5. CHECK / / This FINANCING STATEMENT is signed by the Secured Party instead of the 7. If filed in Florida (check one)
BOX Debtor to perfect a security interest (a) in collateral already subject
[if applicable] to a security interest in another jurisdiction when it was brought into Documentary Documentary stamp
this state, or when the debtor's location was changed to this state, or / / stamp tax paid / / tax not applicable
(b) in accordance with other statutory provisions (additional data may
be required)
==================================================================================================================================
6. REQUIRED SIGNATURE(S) Telecom Wireless 8. / / This FINANCING STATEMENT is to be filed [for record]
(or recorded) in the REAL ESTATE RECORDS
Attach Addendum [if applicable]
----------------------------------------------------------------------------------------------------------------------------------
BY: ITS: 9. Check to REQUEST SEARCH CERTIFICATE(S) on Debtor(s)
[ADDITIONAL FEE]
(optional) / /All Debtors / /Debtor 1 / /Debtor 2
----------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
EXHIBIT A
--------------------------------------------------------------------------------
NAME: TELECOM WIRELESS
Location: ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇: ▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
--------------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------------
220440 17400199 $ 32,566.56 $ 1,953.99 8/2/99 $34,520.55
220563 17400199 $ 23,443.15 $ 1,406.59 7/30/99 $24,849.74
$0.00
$0.00
-----------------
SUBTOTAL $59,370.29
-------------------------------------------------------------------------------------------------------------------------
Location: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇.
ALBUQUERQUE, NM 97107
--------------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------------
220377 72799001 $ 19,612.40 $ 1,085.48 7/31/99 $20,597.88
220378 17400199 $ 176,313.87 $ 9,808.35 7/31/99 $186,122.32
220380 17400199 $ 284,821.80 $ 14,732.07 7/31/99 $279,553.97
220400 72799001 $ 169,040.22 $ 9,403.71 7/30/99 $178,443.83
220437 17400199 $ 451,041.60 $ 25,091.44 7/30/99 $476,132.94
$0.00
$0.00
-----------------
$1,140,850.94
-------------------------------------------------------------------------------------------------------------------------
Location: ▇▇▇▇ ▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
--------------------------------------------------------------------------------------------------------
Invoice PO# EQUIPMENT TAX FREIGHT Ship Date Invoice Total
--------------------------------------------------------------------------------------------------------
112157 72799001 $ 89,700.00 $ 6,549.10 6/31/99 $96,248.10
$0.00
$0.00
-----------------
$96,248.10
-------------------------------------------------------------------------------------------------------------------------
TOTALS $ 1,226,439.60 $ 70,029.73
LESS TAX $ (70,029.73)
Total: $1,226,439.60
-------------------------------------------------------------------------------------------------------------------------
