ADDENDUM
This Addendum to the Agreement made and entered into the 15th day of
August 1989 ("Agreement") by and between Universal Funding Corp., a Missouri
corporation ("UFC"), and its stockholders, Xxxxx X. Xxxxxx, Xxxx X. Xxxxxxx, and
Xxxxxxx Xxxxxxxx ("Stockholders") and Universal Money Centers, Inc., a Missouri
corporation ("UMC"), is intended to further clarify the mutual promises,
intents, and understandings of the parties thereto and therefore it is further
hereby agreed as follows:
I. SERVICES.
A. Services of UMC. In addition to the services outlined in the
Agreement, UMC, or its designee shall provide the services described
below, within the metropolitan Kansas City are (the "Market Area") for
Sixty (60) NCR Model 1773, or other suitable automatic teller machines
(the "Equipment"),
1. Cash Management. UMC, or its designee, shall determine the amount
of cash to be placed in the Equipment, shall order such cash from
the financial institution designated by UFC, and shall
communicate with the financial institutions, armored car service,
or other entities as necessary to ensure the Equipment remains
adequately stocked with vault cash. UMC, or its designee, shall
balance the Equipment to account for all monies placed therein.
2. Customer Service. UMC, or its designee, shall provide customer
service during the hours of 8:15 A.M. to 5:00 P.M. local time,
Monday through Friday, excluding holidays, to handle calls from
financial institutions and retail debit card customers regarding
services and issues related to the Equipment or services provided
by UMC related to the Equipment. UMC, or its designee, shall make
all adjustments transactions for so called "non completions" on
the Equipment.
3. Accounting Service. UMC, or its designee, shall provide all
accounting services necessary to create and maintain financial
books and statements for UFC.
II. Compensation.
UMC's Compensation is hereby clarified and restated as follows:
In consideration of UMC's services, UMC shall receive an amount that
would be equal to UFC's net income which shall consist of UFC's gross
receipts (UFC's compensation) minus: the expenses paid to UFC for the
armoured services; interest expense on the Vault Cash; debt service on
the Equipment; any fees paid to Southland, participating grocery
stores and financial institutions; taxes and insurance on the
Equipment; a cumulative 18 percent return on the Security
outstanding as determined on a daily basis; and legal fees incurred by
UFC in organizing UFC (the sum of such items shall be referred to
herein as the "Expenses"). Any arrearages for the Expenses in excess
of UFC's compensation shall be paid by UFC before any amounts are paid
to UMC ("UMC's compensation").
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the 29th day of August, 1989.
UNIVERSAL MONEY CENTERS, INC. UNIVERSAL FUNDING CORP.
By: /s/ Xxxx X. Xxxxxxx By: /s/ Xxxx X. Xxxxxxx
------------------------------- -----------------------------------
Its: President Its: Vice President
Date: August 29, 1989 Date: August 29, 1989
------------------------------- -----------------------------------
Attest: /s/ Xxxxxx Xxxx Attest: /s/ Xxxxxx Xxxx
----------------------------- ------------------------------
/s/ Xxxxx X. Xxxxxx /s/ Xxxxxxx Xxxxxxxx
------------------------------------ ----------------------------------------
Xxxxx X. Xxxxxx, Stockholder Xxxxxxx Xxxxxxxx, Stockholder
/s/ Xxxx X. Xxxxxxx
------------------------------------
Xxxx X. Xxxxxxx, Stockholder
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Summary of UMC service for UFC-E1 PASO
$10.00 $55.00 $0.05 $0.06
Date Lease Mngmnt Deluxe Switch Employee Total Paid
1-94
2-94 180.00 0.00 127.75 138.04 445.79
3-94 180.00 0.00 618.00 668.20 1466.20 3719.95
4-94 180.00 0.00 936.90 1001.47 2118.37 0.00
5-94 180.00 0.00 1358.70 1447.75 2986.45 0.00
6-94 180.00 0.00 1356.80 1432.39 2969.19 0.00
7-94 180.00 0.00 1583.95 1688.34 3452.29 4641.90
8-94 190.00 0.00 1789.75 1887.97 3867.72 0.00
9-94 190.00 0.00 1890.20 1986.61 4066.81 0.00
10-94 190.00 0.00 2099.35 2168.50 4457.85 4085.60
$10.00 $50.00 $0.05 $0.06
Lease Mngmnt Deluxe Switch Employee Total
11-94 200.00 0.00 2205.50 2262.26 1378.99 6046.75 5020.75
12-94 200.00 0.00 2232.50 2233.60 1756.99 6423.09 15500.00
----------------------------------------------------------------------
2050.00 0.00 16199.40 16915.13 3135.98 38300.51
$10.00 $50.00 $0.05 $0.06
Date Lease Mngmnt Deluxe Switch Employee Total Paid
1-95 200.00 2100.00 2492.50 2529.28 2078.74 9400.52
2-95 0.00 0.00 0.00 0.00 0.00 0.00
4-95 0.00
5-95 0.00
6-95 0.00
7-95 0.00
8-95 0.00
9-95 0.00
10-95 0.00
11-95 0.00
12-95 0.00
----------------------------------------------------------------------
200.00 2100.00 2492.50 2529.28 88.00 47701.03 32968.20
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