Exhibit 10.4
17-SL40476-SG
EQUIPMENT SCHEDULE NO. SG01
DATED AS OF NOVEMBER 10, 1999,
TO MASTER LEASE AGREEMENT DATED AS OF OCTOBER 25, 1999 ("Master Lease")
LESSEE: MYRIAD GENETICS, INC. LESSOR: COMDISCO LABORATORY AND
SCIENTIFIC GROUP, A DIVISION OF
COMDISCO HEALTHCARE GROUP, INC.
Address for Legal Notices: Address for All Notices:
--------------------------- ------------------------------
000 Xxxxxx Xxx 0000 Xxxxx Xxxxx Xxxx
Xxxx Xxxx Xxxx, Xxxx 00000 Xxxxxxxx, Xxxxxxxx 00000
Attn: Contracts Administration
Attn: Corporate Secretary
Address for Invoices:
------------------------------
Address for Administrative
Correspondence:
---------------------------
000 Xxxxxx Xxx
000 Xxxxxx Xxx Xxxx Xxxx Xxxx, Xxxx 00000
Xxxx Xxxx Xxxx, Xxxx 00000
Attn: Xx. Xxxx Xxxxxx
Attn: Xx. Xxx Xxxxx
Phone: 000-000-0000 Lessee Reference No:
--------------------- -------------------
Fax: 000-000-0000
(24 digits maximum)
Location of Equipment: Initial Term/
Rent Interval: 16 Quarters
-------------
000 Xxxxxx Xxx
Xxxx Xxxx Xxxx, Xxxx 00000 Lease Rate Factor: .066921
------------------
Estimated Rent: $421,315.08
---------------
Attn: Mr. Xxx Xxxxx
Phone: 000-000-0000
EQUIPMENT (as defined below):
---------
Item Machine Model/ Serial
No. Qty. Mfg. Type Feature Description Number
--- ---- ---- ---- ------- ----------- ------
SEE ATTACHMENT A
Notice Period: The Notice Period will be not less than one hundred eighty (180)
days nor more than twelve (12) months prior to the expiration of the Initial
Term, or any extension thereof. If Lessee gives proper written notice of
termination but fails to return the Equipment on the expiration date of the
Initial Term, or any extension thereof, the Schedule will continue in full force
and effect and Lessee will be required to provide an additional sixty (60) days
written notice of termination. Such termination will be effective at the end of
the quarter in which the last day of the sixty (60) day notice requirement
occurs. The Rent will continue at the current rate until the effective date of
written notice of termination and the Equipment is properly returned.
Special Terms: The following additional terms are a part of this Equipment
Schedule. The terms and conditions of the Master Lease Agreement as they pertain
to this Equipment Schedule are modified and amended as follows:
Master Lease Modifications
--------------------------
7. Section 7.1, "Care, Use and Maintenance"
-------------------------
Delete this subsection in its entirety and replace with the following:
"Lessee will, at its sole expense, maintain each unit of Equipment in good
operating order and repair, normal wear and tear excepted. Lessee shall
also maintain the Equipment in accordance with manufacturer's
recommendations. Lessee shall make all alterations or modifications
required to comply with any applicable law, rule or regulation during the
term of the Schedule. Lessee agrees to return the Equipment at the end of
the lease term with the manufacturer's then current release, revisions and
engineering change levels (not including Attachments) that are ordinarily
provided to an end-user/lessee at no cost under the manufacturer's standard
maintenance agreement. Lessee agrees that upon return of the Equipment, it
will comply with all original manufacturer's performance specifications for
new Equipment without expense to Lessor. Lessee shall, if requested by
Lessor, obtain a certificate or service report from the manufacturer
attesting to such condition."
7. Section 9, "Delivery and Return of Equipment"
--------------------------------
Delete the second and third sentences in their entirety and replace with
the following:
"At the expiration or termination of the Schedule, Lessee shall perform any
testing and repairs required to place the units of Equipment in the same
condition and appearance as when received by Lessee (reasonable wear and
tear excepted) and in good working order for the original intended purpose
of the Equipment. If required the units of Equipment shall be deinstalled,
disassembled and crated by an authorized manufacturer's representative or
such other service person as is reasonably satisfactory to Lessor. All
Equipment will be cleaned, cosmetically acceptable, and in such condition
as to be immediately installed into use in a similar environment for which
the Equipment was originally intended to be used. All Contaminants must be
removed from the Equipment and disposed of in accordance with then current
waste disposal laws. The Equipment will be returned to Lessor accompanied
by all associated documents, manuals (including, but not limited to, those
listed in Section 7.3) spare parts and accessories, current release,
revision and engineering change levels of the manufacturer, and maintenance
records for the duration of the Schedule.
Upon the expiration or termination of the Schedule, but in no event more
than ninety (90) days prior to the expiration or termination of the
Schedule, Lessee shall, at its expense:
7. cause the manufacturer's representative or qualified equipment
maintenance provider, acceptable to Lessor, (the "Authorized
Inspector") to perform a comprehensive physical inspection,
including testing all material and workmanship of the Equipment and
ensure all Equipment and Equipment operations conform to all
applicable local, state, and federal laws, health and safety
guidelines including the then current FDA regulations; and if during
such inspection, examination and test, the Authorized Inspector
finds any of the material or workmanship to be defective or the
Equipment not operating within manufacturer's specifications and the
then current FDA regulations, then Lessee shall repair or replace
such defective material and, after corrective measures are
completed, Lessee will provide for a follow-up inspection of the
Equipment by the Authorized Inspector as outlined in the preceding
clause;
7. have each item of Equipment returned with an in-depth field service
report detailing said inspection as outlined in Section (a) above.
The report shall certify that the Equipment has been properly
inspected, examined and tested and is operating within the
manufacturer's specifications;
7. (C)ensure all items of Equipment will be completely free of
Contaminants upon return to Lessor;
(d) have the Equipment returned with a certificate supplied by the
manufacturer's representative qualifying the Equipment to be in
good condition and to be eligible for the manufacturer's
maintenance plan.
1. Commencement Date and Purchase/Leaseback (Installed Equipment)
--------------------------------------------------------------
The Commencement Date will be the date Lessor tenders payment of the
purchase price for the Equipment. The Initial Term will begin on the first
day of the calendar quarter following the Commencement Date for all items
of Equipment. The Rent is computed and this Schedule is contingent upon
Lessor purchasing the Equipment for an aggregate amount of approximately
$6,295,708.07 pursuant to satisfactory purchase documentation. Lessee
acknowledges that it has either received or approved Lessor's purchase
documentation for the Equipment. If the cost or configuration of the
Equipment changes, Lessor may adjust the Lease Rate Factors for any
additional costs or expenses resulting from those changes.
7. Interest Rate Adjustment
------------------------
In the event the Commencement Date for all items of Equipment to be leased
hereunder is after September 30, 1999, the following will apply. The Lease
Rate Factors set forth in this Schedule have been calculated, in part,
based on the 4-year U.S. Treasury Constant Maturity of 5.77% as set forth
in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on
the last Commencement Date for all items of Equipment to be leased
hereunder, there is a change in Treasury Rate in excess of 10 basis points,
the effective lease rate of 3.71% will be adjusted one basis point for each
basis point change in the Treasury Rate. Additionally, if there is an
adverse change in Lessee's credit standing prior to the Commencement Date
for all items of Equipment to be leased hereunder, the Lease Rate Factors
may be adjusted accordingly.
7. Equipment Procurement Charges (Progress Payments-Lease Rate Factor)
-------------------------------------------------------------------
Because items of Equipment will be delivered to Lessee prior to the
Commencement Date, progress payments will be required to be paid to the
vendor prior to the Commencement Date ("Progress Payments"). With respect
to any items of Equipment delivered prior to the Commencement Date, all
terms and conditions of this Equipment Schedule will be applicable except
the Lessee's rental obligations. However, Lessee agrees to pay Lessor
"Equipment Procurement Charges" equal to a daily lease rate factor of
.000744 multiplied by the aggregate of the Progress Payments paid by Lessor
for each day from the date Progress Payments are made until the
Commencement Date. Accrued Equipment Procurement Charges are payable when
invoiced.
If the Commencement Date occurs after the Outside Date, the daily lease
rate factor applicable from the Outside Date until the Commencement Date
will be equal to .000744. If Lessee rejects the Equipment prior to the
Commencement Date pursuant to the purchase agreement with the Equipment
vendor or if Lessee is in default of this Equipment Schedule, then this
Equipment Schedule will terminate and Lessee will (i) reimburse Lessor for
all amounts paid by Lessor for the purchase of the Equipment and (ii) pay
all Equipment Procurement Charges due through the date of termination.
Upon payment of all amounts due and owing by Lessee, Lessor will transfer
to Lessee all of Lessor's interest in the Equipment and under any purchase
agreement.
7. General Upgrade Provision
-------------------------
If Lessee is not in default, and assuming all required third party consents
are obtained, Lessor will, on Lessee's request enter into negotiation of a
contract in which Lessor would on mutually agreeable terms and conditions,
lease to Lessee standard feature and/or equipment model upgrades to the
Equipment offered either by the Equipment manufacturer or by another
manufacturer.
7. Renewal Option (Fair Market Rental Value)
-----------------------------------------
So long as no Event of Default shall have occurred, Lessee shall have the
right to extend the Initial Term of this Schedule by giving Lessor at least
one hundred eighty (180) days written notice prior to the expiration of the
Initial Term, provided, however, this Schedule shall continue in effect
following the extended period until terminated by either party upon not
less than one hundred eighty (180) days prior written notice, which notice
shall be effective the first of the month following receipt. The rent
required to be paid during the extended period shall be based on the Fair
Market Rental Value of the Equipment. Unless otherwise agreed in writing
between the parties, this option shall not apply to add-ons or upgrades to
the Equipment leased hereunder. Fair Market Rental Value shall be defined
as the amount which would be obtainable at the commencement of the extended
Initial Term in an arm's-length transaction between an informed and willing
lessee/user leasing the Equipment in place for its originally intended use
for the proposed lease term, and an informed and willing lessor/dealer
under no compulsion to lease.
7. Purchase Option (Fair Market Value)
-----------------------------------
So long as no Event of Default shall have occurred and is continuing
hereunder, and upon at least one hundred eighty (180) days prior written
notice to Lessor, Lessee will have the option at the expiration of the
Initial Term of this Schedule to purchase all, but not less than all, of
the Equipment for an amount equal to the aggregate amount which would be
obtainable in an arm's-length transaction between an informed and willing
buyer/user purchasing the Equipment in place for its originally intended
use and an informed and willing seller under no compulsion to sell (plus
any taxes applicable at time of purchase) on the date of the expiration of
the Initial Term (the "Purchase Date"), payable to Lessor by the Purchase
Date. Title to the Equipment will automatically pass to Lessee on the
Purchase Date, provided Lessee has paid the full purchase price.
7. Return Option
-------------
In the event that Lessee does not elect the "Purchase Option" or "Renewal
Option" contained herein, Lessee will return the Equipment to Lessor upon
termination of the Schedule in accordance with the "Delivery and Return of
Equipment" provision.
Master Lease: This Equipment Schedule is issued pursuant to the Master Lease
identified on page 1 of this Equipment Schedule. All of the terms and
conditions of the Master Lease are incorporated in and made a part of this
Equipment Schedule as if they were expressly described in this Equipment
Schedule, and this Equipment Schedule constitutes a separate lease for the
Equipment. The parties reaffirm all of the terms and conditions of the Master
Lease (including, without limitation, the representations and warranties set
forth in the Master Lease) except as modified by this Equipment Schedule. This
Equipment Schedule may not be amended or rescinded except by a writing signed by
both parties.
MYRIAD GENETICS, INC. COMDISCO LABORATORY AND SCIENTIFIC GROUP,
as Lessee A DIVISION OF COMDISCO HEALTHCARE GROUP, INC.
as Lessor
By: /s/ Xxx X. Xxxxx By: /s/ Xxxx Xxxxxx
-------------------------- ------------------------------------------
Title: C.F.O. Title: Credit Manager
----------------------- ---------------------------------------
Date: 11/16/99 Date: 11/21/99
------------------------ ---------------------------------------
DV/jlp.17-SL40476-SG
CLSG-ES (NML) form 05/98
ATTACHMENT A
MYRIAD GENETICS, INC.
SG-01
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MANUFACTURER/ MACHINE PO Invoice EQUIPMENT
VENDOR NAME TYPE/MODEL EQUIPMENT DESCRIPTION SERIAL # Number Number COST Total
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Boise Technology 5843-02 Base Unit 72"W x 84"H 1,910.00
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5843-06 Worksurface 72" w/cmb 592.00
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5843-08 Fixed shelf 72" w/lip 672.00
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2125-32Q Independent 31" roll out shelf 232.00
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2148-23Q Cable guide for roll out shelf 22.00
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58411-WT Cable Management trough 348.00
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Freight 346.64
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5840-08 Power bar 22" w/8 outlets 13615 572447 232.00 4,354.64
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Xxxxx Eletronics Millennia MAX 2,615.00
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Client Pro 13626 4517423 5,196.00 8,336.99
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CPS Computer Protection Toshiba 1400XL Plus Series, 13619 28102 7,383.00 7,501.95
8KVA 240VAC UPS
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Freight 118.95
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Molucular Dynamics Megabase 1000 13215 1995 132158 180,000.00
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Freight 1,400.00
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Freight 132793-1 2,337.00 183,737.00
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Bio-Rad 165-2102 E. Coli Pulser 941BR2165 13853 1685228 1,625.00
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Freight 19.12 1,644.12
------------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx Instruments KN-07550-10 Peristaltic Pump 8,250.00
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KN-07550-64 rs-232 Interface C 270.00
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KN-07519-06 L/S Multi Channel 1,950.00
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KN07519-50 L/S Cartridge Lar 510.00
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FK-06360-22 In Line Quick conn 56.76
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IK-06360-43 In Line Quick conn 56.76
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KN-06429-25 Tygon Lfl 42/25 Tu 13913 324.00
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Freight 93.32 11,510.84
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Granite Funiture Company GFU21M4G Xxxxxx 21' Freezer 6,400.00
------------------------------------------------------------------------------------------------------------------------------------
KTRP20KG 20cf Refrigerator 13933 2,799.96 9,199.96
------------------------------------------------------------------------------------------------------------------------------------
XxXxxxxx - Xxxx Supply 2791T28 Foot Operated Liif 14034 1,139.46 1,139.46
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Micron PC Client Pro with LC 14,988.00
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Client Pro with Cr 14041 8,640.00 23,628.00
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1 Advanced System Group E4500 Disk Arrary 2008 16266 205,230.00
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16292
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16392
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13514
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16517
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16619
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17220
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17312
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Total Freight 659.00
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17359 205,889.00
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Xxxxxx 000-000 Xxxxxx Xx Station 000-000-000, 000-000-000 316,000.00
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000-00-000 384 Well Plate Rgt 4,800.00
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196-36 Tip Wash Station 2,000.00
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196-350 Quadra Bar Code Re 9920608, 9920613 34,000.00
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ATTACHMENT A
MYRIAD GENETICS, INC.
SG-01
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MANUFACTURER/ MACHINE PO Invoice EQUIPMENT
VENDOR NAME TYPE/MODEL EQUIPMENT DESCRIPTION SERIAL # Number Number COST Total
------------------------------------------------------------------------------------------------------------------------------------
000-000-00 Reservior Only for 2,400.00 2,400.00
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Freight 736.90 736.90
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000-000-00 Reservior W/ Dimple 2009 120824 1,024.00 360,960.90
------------------------------------------------------------------------------------------------------------------------------------
Genetix Limited QP21 Qpix Colony Picker 2010 186,200.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 85.00
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Note: Customer made first deposit of $55,860.00 to vendor.
Check Number 598 186,200.00
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MJ Research PTC-2225 DNA Tetrad Engine 167,344.20
------------------------------------------------------------------------------------------------------------------------------------
Total Freight 1,644.00
------------------------------------------------------------------------------------------------------------------------------------
ALS-1238 Alpha Xxxx 000 Xxxx 0000 61338, 63114 133,696.80 302,685.00
------------------------------------------------------------------------------------------------------------------------------------
Molecular Dynamics MBW-WKSTN Megabace 1000 DNA 2012 132793 4,140,000.00 4,140,000.00
------------------------------------------------------------------------------------------------------------------------------------
Zymark Corporation 63808 Twister Microplate 118,405.00
------------------------------------------------------------------------------------------------------------------------------------
65125 Extended Capacity 38,850.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 876.00
------------------------------------------------------------------------------------------------------------------------------------
64709 Standard Stack 2013 114441-M 9,520.00 167,651.00
------------------------------------------------------------------------------------------------------------------------------------
Molecular Devices 0200-3040 SpectraMax Gemini 2016 20544 32,250.00 32,311.36
------------------------------------------------------------------------------------------------------------------------------------
Freight 61.36
------------------------------------------------------------------------------------------------------------------------------------
Amersham MEGABACE1000 Workstation 2017 360,000.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 15.00 360,015.00
------------------------------------------------------------------------------------------------------------------------------------
Advanced System Group X2602A Cpu Memory Board 25,920.00
------------------------------------------------------------------------------------------------------------------------------------
X2580A 400mhz Ultrasparc 100,800.00
------------------------------------------------------------------------------------------------------------------------------------
DSR702/1024 3rd Party 1gb Memo 18,472.00
------------------------------------------------------------------------------------------------------------------------------------
A6713A Fcal Gbic Module 1,728.00
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X954A Power/Cooling Modu 1,296.00
------------------------------------------------------------------------------------------------------------------------------------
X6710A 9.1gb 10,000 rpm L 18,792.00
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DRS2OUT/256 memory 639.00
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X2612A Sbus I/O Board 2018 1,710,817,151 4,680.00 172,327.00
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Freight 160.00
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SLNBS11500 NetBackup Package 2020 23,483.00 23,483.00
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Jouan, Inc. 11175331 Jouan Cr422 Ref Ce 34,080.00
------------------------------------------------------------------------------------------------------------------------------------
11175338 M4 Rtr C/G Ser 4p 199380003 4,800.00
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Freight 917.95
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11174223 Carrier Seal 13762 199360128 7,200.00 46,997.95
------------------------------------------------------------------------------------------------------------------------------------
Forma Scientific 8516 Upright Freezer 13750 284734 6,772.80 6,772.80
------------------------------------------------------------------------------------------------------------------------------------
Datavision LS2106 Laserlink Scanner 13,680.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 153.20
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LS3070 Base Power Supply 13789 121,282,121,733 1,400.00 15,233.20
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Mathsoft Licences 2 users for SPLus 13858 81205-92555 11,414.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 24.95 11,439.90
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Barcode SATO300DPI Barcode applicator 2023 12,689.00 12,689.00
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TOTAL EQUIPMENT 6,295,708.07
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