EXHIBIT 10.28
LEASE SCHEDULE
THIS LEASE SCHEDULE NO. #2 is hereby added to, incorporated into and in all
respects made a part of that certain Master Equipment Lease Agreement, dated as
of June 15, 1995 (the "Agreement"), between Carlton Financial Corporation,
located at 0000 Xxxxxxx Xxxx, Xxxxx 000, Xxxxx, Xxxxxxxxx 00000-0000, a
Minnesota corporation ('Lessor"), and Reality Interactive, Inc. located at 0000
Xxxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxx Xxxxxxx, Xxxxxxxxx 00000, a Minnesota
corporation ('Lessee"). Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to them in the Master Equipment Lease Agreement
Lessor and Lessee agree as follows:
1. EQUIPMENT DESCRIPTION. Lessor hereby delivers and leases to Lessee, and
Lessee hereby accepts and leases from Lessor, the following equipment (the
"Equipment"):
See Schedule A attached hereto and made a part hereof.
2. EQUIPMENT LOCATION. The location of the Equipment shall be as follows:
same as above
3. TOTAL COST. The total cost of the Equipment shall be as follows:
System Price: $116,833.48
Other (specify)
$
------------------- ----------
Total Cost: $116,833.48
4. RENTS AND PAYMENT DATES.
A. The Rent described in Section 2 of the Master Equipment Lease
Agreement shall be $5,494.00, ("Amount of Each Payment") and the
Rent Due Date shall be the 1st day of each month. The
commencement date shall be January 1, 1997.
B The Initial Term of the Lease as described in Section 1 of the
Master Equipment Lease Agreement shall be 24 months and Lessee
shall make 24 rent payments ("No. of Payments").
C. The Interim Rent payable on the Funding Date for this Schedule by
Lessee to Lessor under Section 2 of the Master Equipment Lease
Agreement shall be computed by multiplying the Periodic Rental
amount $5,494.00 by number of Prorata days and dividing the
product thereof by 30.
D. On Execution hereof, Lessee has paid $10,988+ tax ("Advance
Rentals').
5. REAFFIRMATION OF MASTER EQUIPMENT LEASE AGREEMENT ASSIGNMENT. All of the
provisions of the Master Equipment Lease Agreement are hereby incorporated
by reference in this Lease Schedule on and of the date hereof, to the same
extent as if fully set forth herein. This Lease Schedule may be assigned
by Lessor separately from any and all other Lease Schedules.
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IN WITNESS WHEREOF, Lessor and Lessee have caused this Lease Schedule to be
duly executed on the dates set forth beneath their signatures below.
LESSOR: LESSEE:
Carlton Financial Corporation Reality Interactive. Inc.
By: /S/ Xxxxxxx X. XxXxxxx By: /S/ Xxxxxx X. Xxxxxxxxx
---------------------------- -----------------------------
Title: President Title: Chief Financial Officer
------------------------- --------------------------
Date: December 9, 1996 Date: December 9, 1996
-------------------------- ---------------------------
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MASTER EQUIPMENT LEASE AGREEMENT
DELIVERY AND ACCEPTANCE
LESSOR: CARLTON FINANCIAL CORPORATION
0000 Xxxxxxx Xxxx. Xxxxx #000
Xxxxx, XX 00000-0000
L
LEASE NO.
----------------
LEASE PLAN FMV
----------------
LESSEE: Reality Interactive, Inc.
0000 Xxxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxx Xxxxxxx, XX 00000
Contact Person: Xxx Wlnnekins 996-6712
DESCRIPTION OF EQUIPMENT: See Schedule A attached hereto and made a part
hereof.
LESSEE'S ACKNOWLEDGMENT AND CERTIFICATE OF ACCEPTANCE
1) Lessee hereby: (a) confirms that the equipment describe in the above
Agreement(s) has been delivered to and received by the undersigned Lessee:
(b) that all installation or other work necessary prior to the use of the
equipment has been completed: (c) that said equipment is in good working
order.
2) Lessee hereby: (a) confirms that the equipment is of the size, design,
capacity and manufacture by it: (b) irrevocably accepts the equipment as
is, where-is for all purposes of this Agreement.
Lessee hereby authorizes Lessor to pay for the leased equipment and commence
said lease. This certificate shall not be considered to alter, construe, or
amend the terms of the afore-said Agreements.
The undersigned affirms that he or she is a duly authorized corporate officer,
partner, or proprietor of the above name.
By: /S/ Xxxxxx X. Xxxxxxxxx
-----------------------------
Title: Xxxxxx. X. Xxxxxxxxx
-----------------------------
Date: Chief Financial Officer
-----------------------------
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SCHEDULE "A" OF EQUIPMENT
REALITY INTERACTIVE, AS LESSEE
SCHEDULE #2
4 MOUSE TRAY
3 HANGING WORKSURFACE 36W X 24D SQUARED EDGE
4 PANEL, 48X67
1 DUPLEX RECEPTACLE. B
1 DUPLEX RECEPTACLE. D
1 TWO-WAY CONNECTOR
1 THREE-WAY CONNECTOR
1 END CAP
2 DRAW ROD, H62
17 FABRIC COVERED FA PANEL 67H x 24W Product #AN6724F
9 FABRIC COVERED FA PANEL 67Hx36W Product #AN6736F
29 FABRIC COVERED FA PANEL 67Hx48W Product #AN6748F
74 FABRIC COVERED FA PANEL 67Hx48W Cable Mngmt W/4
8 BASE POWER ENTRY KIT DIRECT
15 DUPLEX RECEPTACLE A CIRCUIT
13 DUPLEX RECEPTACLE B CIRCUIT
25 DUPLEX RECEPTACLE C CIRCUIT
27 DUPLEX RECEPTACLE D CIRCUIT
18 HANGING WORK SURFACE 36Wx24D Product #ANWS3624
30 HANGING WORK SURFACE 4SWx24D Product #ANWS4824
54 HANGING CORNER WORK SURFACE 48Wx24D PRODUCT #ANCWS4824
43 SHELF I6Hx48WxI3D Product#ANSH481316
27 FLIPPER DOOR 16Hx48Wx13D
43 TACKBOARD 16Hx48W
11 FREESTANDING LATERAL FILE W/LOCK
11 COUNTER WEIGHT FOR USE WITH 2-DRAWER FILE
28 PENCIL DRAWER
27 METAL KBD TRAY W/PALM REST
21 MOBILE PED WITH LOCK
43 TASK LIGHT FOR USE WITH 48"W
3 "C" LEG 29 HIGH PKGD ASSY
23 MOUSE TRAY
27 SERIES 2 HRD-SRFCD 2-WAY 90 CONN KIT
11 SERIES 2 HRD-SRFCD 3-WAY 90 CONN KIT
4 SERIES 2 FOUR-WAY CRNER CONNECTOR KIT
27 SERIES 2 PANEL END CAP KIT 67H
61 SERIES 1 PANEL CONNECTOR 62H
10 SERIES 1 T-CONNECTOR 62H
24 WALL STRIP 6OH LIGHT GREY
1 FABRIC-COVERED FA PANEL 39Hx30W Product #AN3930F
2 FABRIC-COVERED FA PANEL 39Hx48W Product #AN3948F
7 FABRIC-COVERED FA PANEL 67Hx30W Product 4AN6730F
3 BASE POWER ENTRY KIT DIRECT CONNECT LH
1 HANGING WORK SURFACE 24Wx24D Product #ANWS2424
7 HANGING WORK SURFACE 30Wx24D Product #ANWS3024
1 SHELF 16Hx24Wx13D Product #ANSH241316
1 XXXXXXX XXXX X0Xx00Xx00X Product #ANFD2413
1 TACKBOARD 16Hx24W Product #ANTB1624
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1 TASK LIGHT FOR USE WITH 24"W
1 SERIES 2 PANEL END CAP KIT 39H
2 SERIES 1 PANEL CONNECTOR 34H
14 VARIABLE HEIGHT FILLER
2 FABRIC-COVERED FA PANEL 53Hx24W Product #AN5324F
9 FABRIC-COVERED FA PANEL 53Hx36W Product #AN5336F
6 F.S. PED WITH LOCK 6/612 24D
11 SERIES 2 PANEL END CAP KIT 53H
9 SERIES 1 PANEL CONNECTOR 48H
1 CEILING ENTRY KIT WITH POWER 67H
9 CONFERENCE WORKSURFACE 5OW X 25D
1 PENINSULA DESK
1 HALF-ROUND EXTENSION I5"Dx3O"Wx29"H
1 SINGLE PAD CREDENZA
1 BRIDGE 22"Dx48"W
1 OVERCABINET W/FULL TB
1 FILENZA W/BOOKCASE
1 BOOKCASE I2Dx42Wx47H
1 FREESTANDING PED 6"
1 COUNTERWEIGHT FOR 42"W FILES
1 CENTER DRAWER METAL
1 UNDERSHELF LIGHT USE WITH 72" OVERCABINET
7 AS NEW, CHANGE OF HEIGHT STRIP. LIGHT GREY
4 30" HALF ROUNDS
6 30"x60" MATE TABLE
2 30" x 60,, x 34" TRAPEZOID MATE TABLE FIXED SYMMETRICAL LEG
10 GANGING DEVISE
Equipment transferred from Master Lease/Schedule 1
10 NO 3941 CONFERENCE CHAIRS - MIDBACK SWIVEL TILT W/MANUAL HEIGHT ADJUSTMENT
BLACK 5 STAR BASE AND NEW ERA GR 4 NO. NE02 CLARET UPHOLSTERY
10 AS ABOVE W/NEW ERA GR 4 NO. NEO9 SPRUCE UPHOLSTERY
2 CONFERENCE TABLES 48" X 120" RACETRACK W/NO. 735 BULL NOSE EDGE
(NO.27 NATURAL MAPLE W/CLEAR FINISH) X.XXX. TOP NO.62 STORM XXXX MATRIX &
TWO (2) NO. 7523-CB 23" DIA. X.XXX BASES XX.00 XXXXX
0 XXX-0 XXXXXXXX DISPLAY ARM
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