1
EXHIBIT 10.43
SECURITY AGREEMENT
(INSURANCE MANAGEMENT INFORMATION SERVICES, INC.)
THIS SECURITY AGREEMENT (the "Agreement") is executed this 30 day of
December, 1996, by INSURANCE MANAGEMENT INFORMATION SERVICES, INC., a Florida
corporation (the "Borrower"), in favor of FIRST OF AMERICA BANK - FLORIDA,
F.S.B., a federal savings bank (the "Lender"), and is made in reference to the
following facts:
(A) On or about the date hereof, the Lender has agreed to make a secured
loan to the Borrower in the original principal amount of $809,000.00 (the
"Loan"). The borrower will be sometimes referred to below as the "Obligor".
The Loan is evidenced by a note executed by the Borrower, which will be
sometimes referred to below as the "Note", and is secured by numerous
instruments of security, including without limitation, Guaranty Agreements,
Loan Agreement, other Security Agreements, and UCC-1 Financing Statements, the
terms and provisions of all of which are incorporated in and made a part
hereof, all of which Note and instruments of security collectively comprise the
"Loan Documents".
(B) As a condition to making the Loan, Lender has required the Borrower
to grant the Lender a perfected first security interest in and lien on all of
the items described on Exhibit "A" attached hereto, together with all parts,
accessions, replacements, and all proceeds thereof, including insurance
proceeds (collectively the "Collateral").
NOW THEREFORE, for and in consideration of the premises and other good and
valuable consideration, the Borrower does hereby covenant, agree, warrant and
represent with and to the Lender as follows:
1. Recitals. The statements contained in the recitals of fact set forth
above (the "Recitals") are true and correct and the Recitals by this reference
are made a part of this Agreement.
2. Security Interest. Borrower does hereby grant to Lender a first
security interest in and lien on the Collateral as additional security to
secure the payment of principal, interest and other sums due or to become due
under the Note and any and all extensions, modifications or renewals of the
Note, and all present and future indebtedness, obligations, and liabilities
contained in or referred to or which may hereafter arise in connection with or
as contemplated by the instruments of security for the Note, and any and all
modifications or extensions of the Note and the instruments of security
therefor, and all obligations and liabilities of Borrower hereunder, all of
which are hereinafter referred to as the "Obligations."
3. Location of Collateral. The Collateral will at all times be located
solely within the State of Florida, and will not be removed from the State of
Florida without the prior written consent of Lender.
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4. Payment. The Obligor shall pay and perform, all and singular, the
Obligations, including but not limited to the payment of sums of principal and
interest and other sums payable by virtue of the Loan Documents promptly when
due, and shall perform all of Obligor's agreements in the Loan Documents and
herein and to pay all taxes and assessments levied or assessed against the
Collateral, against this Agreement and against the Obligations secured hereby,
whether such taxes and assessments be against the Collateral, the Obligations,
the Obligor, the Lender, or another. All such taxes and assessments shall be
paid by the Obligor before they become delinquent, and before the date they
would have become delinquent or within ten (10) days after payment of same,
whichever shall be sooner, Obligor shall deliver to Lender official receipts,
or copies thereof, showing payment.
5. Protection of Lender's Security. Borrower is and will be the owner
of the Collateral free and clear from any lien, security interest or
encumbrance, except for the lien and the obligations of this Agreement No
financing statement covering any of the collateral is on file in any public
office. Borrower will from time to time at the request of Lender execute one
or more financing statements and such other documents (and pay the costs of
filing or recording the same in all public offices deemed necessary or
desirable by Lender) and do such other acts and things, all as Lender may
request to establish and maintain a valid perfected security interest in the
Collateral to secure the payment and performance of the Obligations.
6. Costs and Attorneys' Fees. Borrower shall pay, all and singular, the
expenditures, costs, charges and expenses, including reasonable attorneys' fees
and costs information requests, incurred or paid at any time by the Lender
because of the failure on the part of the Obligor promptly and fully to perform
and pay the Obligations, and all such costs, charges and expenses shall be
immediately due and payable and shall bear interest at the highest legal rate
permitted by law to be charged by Lender from time to time, from date of
payment by Lender until repaid by Borrower and, together with such interest,
shall be secured by the lien of this Agreement.
7. Default. Borrower shall be in default under this Agreement upon the
happening of any of the following events or conditions: (a) failure or omission
to perform or pay when due any of the Obligations (including any installment
thereof or interest thereof); (b) any warranty, representation or statement
made or furnished to Lender by or on behalf of Borrower prove to have been
false in any material respect when made or furnished; (c) Borrower makes an
assignment for the benefit of creditors; (d) a Receiver is appointed for
Borrower or any part of the Collateral; (e) Borrower files a Petition in
Bankruptcy, is adjudicated a bankrupt, or files any petition or institutes any
proceedings under the Bankruptcy Code with respect to Borrower's assets and
liabilities; or (f) Borrower defaults in, breaches or fails to perform any one
or more of the covenants and agreements contained in the Obligations, including
without limitation, this Agreement, the Note, or any other instrument executed
by Borrower in connection with the Loan secured hereby on even date herewith or
hereafter.
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3
8. Acceleration. Upon the occurrence of any default which remains
uncured for ten (10) days or more, Lender may, at its option, declare all
Obligations, or any of them (notwithstanding any provision thereof), immediately
due and payable without demand or notice of any kind and the same thereupon
shall immediately become and be due and payable without demand or notice, and
Lender shall have and may exercise from time to time any and all rights and
remedies of a Lender under the Uniform Commercial Code of the State of Florida
and any and all other rights and remedies available to it under any other
applicable law, including the right to foreclose this Agreement and the other
instrument of security in the same proceedings. A monetary default shall be
deemed to include failure to make payments of principal, interest and late
charges under the Note as well as payments of taxes and governmental assessments
and premiums for instance under this Agreement and the other instruments of
security for the Loan. Notwithstanding anything contained in the preceding
sentences of this paragraph 8 to the contrary, there shall be no requirement of
a curative period as set forth above in the event of a default described in
subparagraphs (c), (d) or (e) or paragraph 7 hereof. Upon request or demand of
Lender, Borrower shall, at Borrower's expense, assemble the Collateral and make
it available to the Lender and Borrower shall promptly pay all costs of Lender
of collection of any and all of the Obligations and enforcements of rights
hereunder, including reasonable attorneys' fees and legal expenses. Expenses of
retaking, holding, preparing for sale, selling or the like, shall include those
incurred on appeal, if any.
9. Waiver. No waiver by Lender of any default shall operate as a
waiver of any other default or of the same default on a future occasion. No
delay or omission on the part of Lender in exercising any right or remedy shall
operate as a waiver thereof or the exercise of any other right or remedy.
10. Provisions Cumulative. The provisions of this Agreement are
cumulative and in addition to the provisions of the Note secured by this
Agreement and the provisions of the instruments securing the Note and Lender
shall have all the benefits, rights and remedies of and under the Note any other
instrument securing same. All rights of Lender hereunder shall inure to the
benefit of its successors and assigns and all obligations of Borrower hereunder
shall bind the successors and assigns of Borrower.
11. Florida Contract. This Agreement has been delivered in the
State of Florida and shall be construed in accordance with the laws of Florida.
12. Severability. Wherever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity only, without
invalidating the remainder of such provision or of the remaining provisions of
this agreement.
13. Assignment by Lender. In the event of any assignment hereof by
Lender, Borrower, jointly and severally, covenant and agree that Borrower will
not assert against any assignee hereof any claim or defense which Borrower may
have against Lender, except Borrower
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4
may assert against any such assignee any defense of a type which may be
asserted against a holder in due course of a negotiable instrument under the
Uniform Commercial Code of the State of Florida.
14. Headings. The headings of the paragraphs contained in this
Agreement are for convenience of reference only and do not form a part hereof
and in no way modify, interpret or construe the meaning of the parties hereto.
IN WITNESS WHEREOF, Borrower has executed this instrument under seal the
day and year first above written.
Signed, sealed and delivered INSURANCE MANAGEMENT INFORMATION
in the presence of: SERVICES, INC., a Florida corporation
/s/ Xxxxxx Xxxxx Xxxxxxx By: /s/ G. Xxxxxxx Xxxxxx
--------------------------- ---------------------------
Its Secretary
(CORPORATE SEAL)
---------------------------
As to Borrower
STATE OF GEORGIA )
COUNTY OF LOWNDES )
The foregoing instrument was acknowledged before me this 30 day of
December, 1996, by G. XXXXXXX XXXXXX, the Secretary of INSURANCE MANAGEMENT
INFORMATION SERVICES, INC., a Florida corporation, on behalf of the
corporation.
Personally Known OR Produced Identification
--------
Type of Identification Provided Drivers License
----------------------
/s/ Xxxx X. Xxxxx
-------------------------
SIGNATURE
XXXX X. XXXXX
-------------------------
NAME LEGIBLY PRINTED,
TYPEWRITTEN OR STAMPED
(SEAL) NOTARY PUBLIC
My Commission Expires: 08/02/00
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5
1995 & 1996
NET BOOK VALUE REPORT
Placed In Acquisition Accumulated Net Book
Company Sys # Description Service Value Depreciation Value
----------------------------------------------------------------------------------------------------------------------
IMIS 1 COMPAQ PROLINEA PC 02/01/95 1,836.06 76.50 1,759.56
IMIS 3 8MB UPGRADE FOR COMPAQ PROLINEA 03/01/95 393.40 8.20 385.20
IMIS 4 DELL LATITUDE i486 NOTEBOOK PC (SEE NOTES) 04/01/95 4,034.60 1,597.03 2,437.57
IMIS 5 TOKEN RING 04/01/95 447.19 177.01 270.18
IMIS 6 DEVELOPMENT FEES SOFTWARE FOR BRMS &
WORKER'S COMP 05/01/95 8,640.00 0.00 8,640.00
IMIS 9 DELL DIMENSION P90 PC 12/01/95 2,432.11 557.36 1,874.75
IMIS 10 COMPAQ PROLINEA E 5100 8/630 04/01/96 2,932.28 427.62 2,504.66
IMIS 480 XXXX & XXXXXX MAILSTAR SYSTEM 04/01/96 414,005.30 0.00 414,005.30
IMIS 479 XXXX & XXXXXX MAIL WEIGH EQUIPMENT 10/01/96 13,000.00 216.67 12,783.33
IMIS 373 HP EXT JET DIRECT PRINT SERVER 01/01/95 516.81 226.10 290.71
IMIS 374 EPSON STYLUS COLOR PRINTER 01/01/95 561.75 245.77 315.98
IMIS 362 AS400 TERMINAL 02/01/95 983.55 409.81 573.74
IMIS 375 MODEM 7855 V.32 02/01/95 1,043.09 434.61 608.48
IMIS 376 UPS MAINTENANCE BYPASS SWITCH 02/01/95 1,284.00 535.00 749.00
IMIS 377 AS400 TERMINAL 02/01/95 983.55 409.81 573.74
IMIS 379 AS400 TERMINAL 02/01/95 983.80 409.92 573.88
IMIS 380 AS400 TERMINAL 02/01/95 983.80 409.92 573.88
IMIS 383 COMPAQ PROLINEA PC 02/01/95 1,836.07 765.03 1,071.04
IMIS 384 COMPAQ PROLINEA PC 02/01/95 1,836.06 765.02 1,071.04
IMIS 387 COMPAQ PROLINEA PC 02/01/95 1,836.66 765.27 1,071.39
IMIS 389 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.26 193.67 295.59
IMIS 390 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.26 193.67 295.59
IMIS 391 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.26 193.67 295.59
IMIS 392 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.26 193.67 295.59
IMIS 393 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 394 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 395 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 396 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 397 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 398 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 399 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 400 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 401 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 402 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 403 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 404 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 405 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 406 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 407 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 408 XXXXX XXXXX 16/4 TOKEN RING CARD 03/01/95 489.25 193.66 295.59
IMIS 409 MODULYNK TERMINAL 04/01/95 913.30 342.48 570.82
IMIS 410 COMPAQ PROLINEA PC 04/01/95 2,144.76 804.28 1,340.48
IMIS 412 AS/400 TERMINAL 04/01/95 913.30 273.99 639.31
IMIS 413 COMPAQ PROLINEA PC 04/01/95 2,295.25 860.71 1,434.54
IMIS 415 COMPAQ PROLINEA PC 04/01/95 2,324.20 871.57 1,452.63
IMIS 417 COMPAQ PROLINEA PC 04/01/95 2,498.98 937.12 1,561.86
IMIS 418 COMPAQ PROLINEA PC 04/01/95 2,498.98 937.12 1,561.86
IMIS 421 COMPAQ PROLINEA PC 04/01/95 2,498.98 937.12 1,561.86
IMIS 423 540 MB IDE PLUS MISC COMPUTER EQUIPMENT 04/01/95 812.02 304.50 507.52
IMIS 424 16MB AND 8MB SIM 04/01/95 960.24 360.09 600.15
IMIS 425 DELL LATITUDE 486 NOTEBOOK PC (SEE NOTES) 05/01/95 4,367.38 1,546.78 2,820.60
IMIS 426 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 427 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 428 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 429 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 430 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 431 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 432 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 433 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
EXHIBIT "A"
Page 1 of 5
6
1995 & 1996
NET BOOK VALUE REPORT
Placed In Acquisition Accumulated Net Book
Company Sys # Description Service Value Depreciation Value
----------------------------------------------------------------------------------------------------------------------
IMIS 434 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 435 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 436 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 437 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 438 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 439 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.46 173.00 315.46
IMIS 440 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 441 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 442 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 443 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 444 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 445 XXXXX 16/4 SMART RING NODE PLUS 05/01/95 488.45 172.99 315.46
IMIS 000 XXXXXXX XX00000X 05/01/95 627.44 222.21 405.23
IMIS 000 XXXXXXX XX00000X 05/01/95 627.44 222.21 405.23
IMIS 448 STARTEK 2 PORT TWINAX HUB 05/01/95 858.14 303.92 554.22
IMIS 449 STARTEK 2 PORT TWINAX HUB 05/01/95 858.14 303.92 554.22
IMIS 450 STARTEK 2 PORT TWINAX HUB 05/01/95 858.14 303.92 554.22
IMIS 000 XXXXXXX XXXX XXXXXXXXX 05/01/95 1,192.80 422.45 770.35
IMIS 452 2 PORT TWINAX HUB 05/01/95 858.14 303.92 554.22
IMIS 453 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,013.58 671.20 1,342.38
IMIS 455 PERLE 394E-32 CONTROLLER 06/01/95 4,946.75 1,648.91 3,297.84
IMIS 000 XXXX 0000 XXXXXXXX 06/01/95 876.55 292.18 584.37
IMIS 457 SILVON SOFTWARE (SEE NOTES) 06/01/95 25,800.00 8,600.00 17,200.00
IMIS 458 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,271.78 757.26 1,514.52
IMIS 460 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,085.42 695.14 1,390.28
IMIS 462 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,085.42 695.14 1,390.28
IMIS 464 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,674.93 891.63 1,783.30
IMIS 466 COMPAQ 4/16 DDS DAT TAPE DRIVE 06/01/95 1,868.01 622.67 1,243.34
IMIS 467 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,132.68 710.89 1,421.79
IMIS 469 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 470 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 471 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 472 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 473 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 474 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 475 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 476 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 477 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 478 XXXXX XXXXX AT RING 06/01/95 473.93 157.98 315.95
IMIS 479 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 480 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 481 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 482 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 483 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 484 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 485 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 486 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 487 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 488 XXXXX XXXXX AT RING 06/01/95 473.92 157.97 315.95
IMIS 489 COMPAQ PROLINEA PC (SEE NOTES) 06/01/95 2,283.68 761.23 1,522.45
IMIS 491 IBM 2613 FEATURE (V.35 ADAPTER AND 20" CABLE)06/01/95 834.50 278.17 556.33
IMIS 492 SR-DFD/RDM/WRM PRODUCT/DATA MODELING SW 06/01/95 14,500.00 4,833.33 9,666.67
IMIS 494 ARCADA BACKUP EXEC ENTERPRISE V6.0 SOFTWARE 06/01/95 813.20 271.06 342.14
IMIS 493 CD ROM DRIVE AND CD ROM CONTROLLER 07/01/95 769.90 240.60 529.30
IMIS 495 COMPAQ PROLINEA PC (SEE NOTES) 07/01/95 2,620.61 818.94 1,301.67
IMIS 497 COMPAQ PROSIGNIA 300 PENT PC (SEE NOTES) 07/01/95 7,105.40 2,220.44 4,884.96
IMIS 499 COMPAQ PROLINEA PC (SEE NOTES) 07/01/95 2,210.26 690.70 1,519.56
IMIS 501 8 MB UPGRADE 07/01/95 393.07 122.83 270.24
7
1995 & 1996
NET BOOK VALUE REPORT
Placed In Acquisition Accumulated Net Book
Company Sys # Description Service Value Depreciation Value
----------------------------------------------------------------------------------------------------------------------
IMIS 502 ADAPTEC 1744 SCSI ADAPTER 07/01/95 506.11 158.15 347.96
IMIS 503 LASERJET 4 PLUS PRINTER 07/01/95 1,535.23 479.75 1,055.48
IMIS 504 EXTERNAL JET DIRECT PRINT SERVER 07/01/95 511.46 159.83 351.63
IMIS 505 WINDOWS NT SERVER V3.5 08/01/95 670.85 195.66 475.19
IMIS 506 SQL WINDOWS SERVER V6.0 08/01/95 944.81 275.57 669.24
IMIS 507 NT WORKSTATION MS WINDOWS V3.5 08/01/95 298.53 87.07 211.46
IMIS 508 DELL LATITUDE i486 NOTEBOOK PC 08/01/95 3,657.60 1,066.80 2,590.80
IMIS 510 DELL DIMENSION P75 TOWER BASE PC (SEE NOTES) 08/01/95 2,234.16 651.63 1,582.53
IMIS 511 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 512 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 513 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 514 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 515 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 516 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 517 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 518 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 519 S/C CHAIR 08/01/95 285.16 66.53 218.63
IMIS 520 STARTEK HUB 2-PORT ACTIVE TWINAX 08/01/95 858.14 250.29 607.85
IMIS 521 COMPAQ PROSIGNIA 300 PENT 90 MODEL 1 08/01/95 6,308.48 1,839.97 4,468.51
IMIS 522 DELL LATITUDE XP i486 NOTEBOOK PC (SEE NOTES) 08/01/95 4,073.43 1,188.09 2,885.34
IMIS 523 PENTIUM PROLINEA 5/100 PC (SEE NOTES) 08/01/95 6,862.39 2,001.53 4,860.86
IMIS 525 COMPAQ PROLINEA 486DX 100 PC (SEE NOTES) 08/01/95 2,508.84 731.74 1,777.10
IMIS 527 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 528 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 529 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 530 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 531 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 532 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 533 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 534 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 535 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 536 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 537 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 538 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 539 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 540 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 541 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 542 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 543 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 544 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 545 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 546 SMART 16/4 TOKEN RINGNODE 08/01/95 547.20 159.60 387.60
IMIS 547 STEEL CASE FURNITURE 09/01/95 3,232.61 700.40 2,532.21
IMIS 548 COMPAQ PROLINEA P/90 8/420 (SEE NOTES) 09/01/95 3,292.45 891.70 2,400.75
IMIS 000 XXXXXXX 000XX XXX 0XX XXX TWINAX 09/01/95 868.14 235.13 633.01
IMIS 550 MS WINDOWS 95 & MS OFFICE (SEE NOTES) 09/01/95 6,261.10 1,695.72 4,565.38
IMIS 551 MISCELLANEOUS (SEE NOTES) 09/01/95 170.09 46.07 124.02
IMIS 552 STEEL CASE EQUIPMENT 10/01/95 576.20 115.24 460.96
IMIS 553 HP LASERJET 5L PRINTER 10/01/95 620.31 155.08 465.23
IMIS 554 PC-DELL DIMENSION 575 T (SEE NOTES) 10/01/95 2,217.04 554.26 1,662.78
IMIS 555 MULTIMEDIA MT PROJECTOR 10/01/95 6,708.66 1,677.16 5,031.50
IMIS 556 NT SERVER 3.51 COMPAQ OEM VERSION 10/01/95 692.25 173.06 519.19
IMIS 557 1 COMPAQ PROLINEA (SEE NOTES) 10/01/95 3,407.64 851.91 2,555.73
IMIS 567 CHAIR 10/01/95 287.35 57.47 229.88
IMIS 568 CHAIR 10/01/95 287.35 57.47 229.88
IMIS 558 COMPAQ PROLINEA P90 8/630 (SEE NOTES) 11/01/95 4,157.38 952.74 3,204.64
IMIS 559 COMPAQ PROLINEA P90 8/630 (SEE NOTES) 11/01/95 4,157.38 952.74 3,204.64
IMIS 560 COMPAQ PROLINEA P90 8/420 (SEE NOTES) 11/01/95 3,292.45 754.52 2,537.93
EXHIBIT "A"
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8
1995 & 1996
NET BOOK VALUE REPORT
Placed In Acquisition Accumulated Net Book
Company Sys # Description Service Value Depreciation Value
----------------------------------------------------------------------------------------------------------------------
IMIS 561 COMPAQ PROLINEA P/90 8/420 (SEE NOTES) 11/01/95 3,614.47 828.31 2,786.16
IMIS 562 ARCSERVE NLM WINDOWS v5.01 250 USER 11/01/95 1,459.09 334.37 1,124.72
IMIS 563 DATABASE UTILITY 11/01/95 1,495.00 342.60 1,152.40
IMIS 564 DELL DIMENSION P90 PC 12/01/95 3,176,23 661.71 2,514.52
IMIS 565 DELL DIMENSION P/90 PC 11/01/95 2,432.11 506.69 1,925.42
IMIS 566 AS400 MODEL SEQUEL KERNEL 12/01/95 6,615.00 1,378.12 5,236.88
IMIS 569 DATA BASE UTILITY FOR XXXXXX & XXXXXX 12/01/95 1,495.00 311.46 1,183.54
IMIS 570 DELL LATITUDE LAPTOP 12/01/95 3,757.90 782.90 2,975.00
IMIS 571 DELL LATITUDE LAPTOP 12/01/95 3,187.33 664.02 2,523.31
IMIS 572 DELL LATITUDE LAPTOP 12/01/95 3,187.33 664.02 2,523.31
IMIS 573 DELL LATITUDE LAPTOP 12/01/95 3,247.67 676.60 2,571.07
IMIS 574 DELL LATITUDE LAPTOP 12/01/95 3,499.26 729.01 2,770.25
IMIS 575 SECURITY DOOR INFO SYSTEMS 12/01/95 1,192.00 198.67 993.33
IMIS 576 XXXXX CARD (SEE ASSET #571) 12/01/95 1,377.86 287.06 1,090.80
IMIS 577 XXXXX CARD (SEE ASSET #572) 12/01/95 1,077.35 224.45 852.90
IMIS 578 HP INTERNAL JETDIRECT TR CARD 01/01/96 565.40 106.01 459.39
IMIS 579 HP INTERNAL JETDIRECT TR CARD 01/01/96 565.40 106.01 459.39
IMIS 580 I/O TERMINALS 01/01/96 862.65 161.74 700.91
IMIS 581 I/O TERMINALS 01/01/96 862.65 161.74 700.91
IMIS 582 DELL LATITUDE LX i486 LAPTOP 01/01/96 3,905.08 732.20 3,172.88
IMIS 583 COMPAQ PROLINEA E 5100 8/630 (SEE NOTES) 01/01/96 2,891.20 542.10 2,349.10
IMIS 584 HP JET DIRECT EXTERNAL 5SI 01/01/96 619.20 116.10 503.10
IMIS 585 16 MB UPGRADE FOR PROLINEA 01/01/96 1,081.25 202.73 878.52
IMIS 586 NT SERVER SOFTWARE 3.51 (SEE NOTES) 01/01/96 1,944.19 364.53 1,579.66
IMIS 587 S - DESIGNER ENTERPRISE FOR PB V.4.X WIN 01/01/96 2,881.51 540.28 2,341.23
IMIS 588 COMPAQ PROLINEA 575E MODEL 630 (SEE NOTES) 01/01/96 3,202.47 600.46 2,602.01
IMIS 589 NETWORK LINKBUILDER FMS TR-24 PORT HUB 01/01/96 2,023.08 379.32 1,643.76
IMIS 590 NETWORK LINKBUILDER FMS TR-24 PORT HUB 01/01/96 2,023.08 379.32 1,643.76
IMIS 591 LINKBUILDER FMS TR 12 PT HUB 01/01/96 1,365.56 256.04 1,109.52
IMIS 592 NETWORK LINKBUILDER FMS TR FIBER RJ/RO 01/01/96 485.65 91.05 394.60
IMIS 593 PADLOCK SECURITY SOFTWARE 01/01/96 1,685.25 315.98 1,369.27
IMIS 594 POWERTOOL ENTERPRISE 01/01/96 1,524.75 285.89 1,238.86
IMIS 595 DELL DIMENSION 5100T PC (SEE NOTES) 01/01/96 3,041.20 570.22 2,470.98
IMIS 596 DELL DIMENSION 5100T PC (SEE NOTES) 01/01/96 3,041.21 570.22 2,470.99
IMIS 597 17" MONITOR UPGRADE 01/01/96 808.96 151.68 657.28
IMIS 598 COMPAQ PROLIANT 1500 R 5/133 MODEL 01/01/96 8,237.69 1,544.56 6,693.13
IMIS 599 COMPAQ HD ACC SMART SCSI ARRAY CONTROLLER 01/01/96 2,254.57 422.73 1,831.84
IMIS 602 COMPAQ HD 4.3GB PLUGGABLE FAST-SCSI-2 01/01/96 1,584.79 297.15 1,287.64
IMIS 603 COMPAQ HD 4.3GB PLUGGABLE FAST-SCSI-2 01/01/96 1,584.79 297.15 1,287.64
IMIS 604 COMPAQ HD 4.3GB PLUGGABLE FAST-SCSI-2 01/01/96 1,584.79 297.15 1,287.64
IMIS 600 COMPAQ SMEM KIT 64MB EXPN 02/01/96 3,268.48 611.00 2,657.48
IMIS 601 COMPAQ SMEM KIT 64MB EXPN 02/01/96 3,268.48 611.00 2,657.48
IMIS 605 XXXXX MODEM CENTURY 8 RACK OPTIMA 288R 02/01/96 4,609,40 768.23 3,841.17
IMIS 606 COMPAQ PROSIGNIA 300 MODEL (SEE NOTES) 02/01/96 7,244.98 1,207.49 6,037.49
IMIS 607 COMPAQ PROSIGNIA 300 MODEL (SEE NOTES) 02/01/96 7,244.98 1,207.49 6,037.48
IMIS 000 XXXXXXXX 00 XX UPGRADE FOR DELL 02/01/96 747.25 124.54 622.71
IMIS 609 RENEWAL UPGRADE FOR WINDOWS ENTERPRISE 03/01/96 1,316.10 191.93 1,124.17
IMIS 610 COMPAQ PROLINEA E 5100 8/1060 03/01/96 3,047.09 355.49 2,691.60
IMIS 611 COMPAQ PROLINEA E P100 8/630 NC 03/01/96 2,791.63 407.11 2,384.52
IMIS 612 COMPAQ PROLINEA E 5100 8/1060 03/01/96 4,146.31 604.67 3,541.64
IMIS 613 COMPAQ PROLINEA E P100 8/630 NC 03/01/96 3,031.90 442.15 2,589.75
IMIS 614 COMPAQ PROLINEA E 5100 8/1060 03/01/96 4,598.78 670.65 3,928.13
IMIS 615 SYNON SOFTWARE WITH UPGRADES AND SUPPORT 03/01/96 50,455.00 7,358.02 43,096.98
IMIS 616 COMPAQ PROLINEA E 5100 8/630 (SEE NOTES) 03/01/96 2,932.78 422.69 2,510.09
IMIS 617 COMPAQ PROLINEA E 5100 8/630 (SEE NOTES) 03/01/96 4,229.29 609.80 3,619.49
IMIS 618 8 PORT DIGI BOARD 04/01/96 732.89 91.61 641.28
IMIS 619 COMPAQ PROLINEA E 5100 8/630 04/01/96 2,931.83 366.48 2,565.35
IMIS 620 VIEWSTAR MONITOR (SEE NOTES) 05/01/96 2,297.70 239.34 2,058.36
EXHIBIT "A"
Page 4 of 5
9
1995 & 1996
NET BOOK VALUE REPORT
Placed In Acquisition Accumulated Net Book
Company Sys # Description Service Value Depreciation Value
----------------------------------------------------------------------------------------------------------------------
IMIS 621 COMPAQ PROLINEA E 5100 8/630 (SEE NOTES) 05/01/96 2,925.41 304.73 2,620.68
IMIS 622 COMPAQ PROLINE E 5100 8/630 (SEE NOTES) 05/01/96 3,005.58 313.08 2,692.50
IMIS 623 COMPAQ PROLINE E 5100 8/630 (SEE NOTES) 05/01/96 3,005.59 313.08 2,692.51
IMIS 624 COMPAQ PROLINEA E 5100 8/630 (SEE NOTES) 06/01/96 3,525.60 293.80 2,231.80
IMIS 625 S-DESIGNOR ENTERPRISE SOFTWARE 06/01/96 914.94 76.24 838.70
IMIS 626 ARTMEDIA 17" MONITOR 07/01/96 893.86 55.86 838.00
IMIS 627 COMPAQ PROLINEA 120 E 07/01/96 3,287.42 205.46 3,081.96
IMIS 628 HITACHI 20" MONITOR 07/01/96 1,678.91 104.93 1,573.98
IMIS 629 COMPAQ PROLINEA E 5100 07/01/96 2,389.04 149.31 2,239.73
IMIS 630 STARTEK HUB 07/01/96 896.22 56.01 840.21
IMIS 633 PVCS VERSION MANAGER V5.2 WINDOWS NT 07/01/96 2,911.84 181.99 2,729.85
IMIS 634 COMPAQ PROLINEA E 5100 (SEE NOTES) 08/01/96 2,435.39 101.47 2,333.92
IMIS 635 CTX 14" MONITOR 08/01/96 260.00 10.83 249.17
IMIS 636 COMPAQ PROLINEA E 5100 (SEE NOTES) 08/01/96 2,349.07 97.88 2,251.19
IMIS 637 COMPAQ DESKPRO 2000 MODEL 5100/1200 08/01/96 2,114.53 88.10 2,026.43
IMIS 638 CTX 15" MONITOR 08/01/96 360.00 15.00 345.00
IMIS 639 CTX 15" MONITOR 08/01/96 360.00 15.00 345.00
IMIS 640 20" CORNERSTONE GRAYSCALE 09/01/96 1,931.68 40.24 1,891.44
IMIS 641 20" CORNERSTONE GRAYSCALE 09/01/96 1,931.68 40.24 1,891.44
IMIS 642 COMPAQ PROLINEA 5100E (SEE NOTES) 09/01/96 2,361.83 49.20 2,312.63
IMIS 643 COMPAQ PROLINEA 5100E (SEE NOTES) 09/01/96 2,361.83 49.20 2,312.63
IMIS 644 HP JETDIRECT PRINT SERVER EXT. 09/01/96 668.75 13.93 654.82
---------- --------- ----------
TOTAL IMIS 923,609.00 114,705.10 808,903.90
EXHIBIT "A"
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