AT&T MASTER EQUIPMENT
Corporation LEASE AGREEMENT SCHEDULE
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LESSEE: Universal Money Centers, Inc. LESSOR: AT&T Credit Corporation
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Street Address Address
0000 Xxxxxx Xxxx 0 Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
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City/State/Zip Lease Number Schedule Number
Xxxxxxx, XX 00000 I200084 00020
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SELLER: Total Price Including
AT&T Global Information Solutions Installation/One-Time Charges
f/k/a XXX Xxxxxxxxxxx
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Description of Items to be Leased (the Equipment)
Equipment subject hereto shall include, but not
be limited to: (29) XXX 0000 ATMs and all other
items of equipment, including all attachments,
alterations, and additions thereto, and any and
all parts thereof, and a right to use license
for any software related thereto and related
documentation, as such are and/or will be more
particularly described in the equipment order(s)
as reflected in the invoices of the seller or supplier.
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Total Purchase Price
Yes No (Sum of total prices
Option A ........... X __ including installation/
one-time charges) $440,365.00
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Lessee selects a fair market value PAYMENT IN ARREARS .................Yes __
purchase Option and a fair rental
value renewal option. If this payments in arrears option is
selected, Lessee shall pay Lessor the
Yes No first Rental Payment for the Equipment on
Option B ........... __ X the last day of the first Rental Payment
Period, which shall begin at Lessor's
Lessee selects (i) a fixed price option on either the Commencement Date or
purchase option of either $ N/A or the first day of the month following the
N/A % of the Total Purchase Price; month in which the Commencement Date
and (ii) a fixed price renewal occurs, and shall pay Lessor the remaining
option of N/A% of the periodic periodic Rental Payments on or before the
Rental Payment. last day of each subsequent Rental
Payment Period.
THE TERMS AND CONDITIONS OF THE ------------------------------------------
FOREGOING OPTIONS AND OTHER Advance Rent Rental Payment
IMPORTANT PROVISIONS ARE SET FORTH $68,256.58 See attached Exhibit B
ON THE BACK OF THIS SCHEDULE.
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Employment Location Rental Payment Latest Commencement Date
Period 12/30/96
See attached Exhibit A. Monthly
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Length of Initial Term
48 Months
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THIS SCHEDULE SHALL BE GOVERNED BY THE TERMS AND CONDITIONS OF THE MASTER
EQUIPMENT LEASE AGREEMENT REFERENCED BY THE LEASE NUMBER SPECIFIED ABOVE
(AGREEMENT) BY AND BETWEEN LESSEE, AS LESSEE, AND LESSOR OR AT&T CAPITAL
CORPORATION OR ANY AFFILIATE OR SUBSIDIARY THEREOF, AS LESSOR, AND BY THE TERMS
AND CONDITIONS SET FORTH ON THE FRONT AND BACK OF THIS SCHEDULE. PURSUANT TO
SUCH TERMS AND CONDITIONS (WHICH LESSEE ACKNOWLEDGES THAT IT HAS READ AND
UNDERSTANDS). LESSEE AGREES TO LEASE FROM LESSOR (AS SPECIFIED BELOW) AND LESSOR
AGREES TO LEASE TO LESSEE THE ABOVE REFERENCED EQUIPMENT, IT IS UNDERSTOOD AND
AGREED THAT THE TERMS AND CONDITIONS OF THIS SCHEDULE MAY BE DIFFERENT FROM THE
TERMS AND CONDITIONS OF PRIOR SCHEDULES AND THAT ANY ASSIGNMENT OR TRANSFER
PURSUANT TO SECTION 23 OF THE AGREEMENT BY LESSOR OR ANY ASSIGNEE SHALL NOT
MATERIALLY CHANGE LESSEE'S OBLIGATIONS HEREUNDER. LESSEE REPRESENTS AND WARRANTS
THAT IT SHALL LOOK ONLY TO THE SELLER FOR ANY AND ALL CLAIMS AND WARRANTIES
RELATING TO THE EQUIPMENT AND THAT IT EITHER HAS REVIEWED, APPROVED AND RECEIVED
A COPY OF THE APPLICABLE PURCHASE DOCUMENTS OR HAS BEEN INFORMED BY LESSOR THAT
IT MAY HAVE RIGHTS UNDER THE PURCHASE DOCUMENTS AND MAY CONTACT SELLER FOR A
DESCRIPTION OF SUCH RIGHTS TO THE EXTENT PERMITTED BY APPLICABLE LAW. LESSEE
WAIVES ANY AND ALL RIGHTS AND REMEDIES CONFERRED UPON LESSEE BY ARTICLE 2A OF
THE UCC AND ANY RIGHTS NOW OR HEREAFTER CONFERRED BY STATUTE OR OTHERWISE THAT
MAY LIMIT OR MODIFY THE LESSOR'S RIGHTS AS DESCRIBED IN THE AGREEMENT, THIS
SCHEDULE OR ANY OTHER FUNDAMENTAL AGREEMENT (AS DEFINED IN THE AGREEMENT).
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Universal Money Centers, Inc. AT&T CREDIT CORPORATION
Lessee
X /s/ Xxxx X. Xxxxxxxxx By: /s/ Xxxx Xxxxxxx
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Lessee Authorized Signature Lessor Authorized Signature
Xxxx X. Xxxxxxxxx, President Xxxx Xxxxxxx,
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Print Name and Title Print Name and Title
12/12/96 12/12/96
Date Date
Page 1 of 5
INVOICE
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Account # Xxxx Date Due Date Total Due
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I200084 12/11/96 Upon Receipt $68,256.58
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PLEASE INDICATE ADDRESS CHANGES BELOW INSURE PROPER CREDIT OF YOUR ACCOUNT:
1) DO NOT INCLUDE WITH ANY OTHER AT&T PAYMENT
UNIVERSAL MONEY CENTERS, INC. 2) MAKE CHECKS PAYABLE TO AT&T CREDIT
0000 XXXXXX XXXX XXXXXXXXXXX
XXXXXXX, XX 00000 3) INCLUDE ACCOUNT NUMBER ON CHECK
REMIT TO:
ATTN: XX. XXXXX XXXXXXXXX AT&T CREDIT CORPORATION
0 XXXXXXXX XXXXX Xxxx 0X000
XXXXXXXXXX, XX 00000
ATTN: XXXX XXXXXXX
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Account # Xxxx Date Due Date Total Due
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I200084 12/11/96 Upon Receipt $68,256.58
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Schedule Description Total Due
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00020 Rental Payment $68,256.58
***DUE UPON EXECUTION OF SCHEDULE***
This invoice excludes sales tax.
Sales tax on this invoiced amount
Will be included in a future invoice
As an unpaid amount.
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Please pay this amount $68,256.58
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PAYMENTS RECEIVED AFTER DUE DATE MAY BE SUBJECT
TO LATE CHARGES UNDER TERMS OF THE AGREEMENT
Page 2 of 5
Exhibit B
Schedule 20
AT&T
Capital Corporation Master Equipment
Lease Agreement
Schedule Worksheet
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Lessee: Universal Money Centers, Inc. Lessor: AT&T Credit Corporation
0000 Xxxxxx Xxxx 0 Xxxxxxxx Xxxxx
Xxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
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Lease Number: I200084
Schedule Number: 00020
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#Atms Cost Absolute Delivery Total
(ea) 14,200.00 685.00 300.00 15,252.82
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29 411,800.00 19,865.00 8,700.00 440,365.00
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Payment Lease Payment Nbr Total
Level Rate Amount Pmts Payments
------- ----- ------- ---- --------
1 0.155000 68,256.58 x 1 = 68,256.58
2 0.024650 10,855.00 x 17 = 184,535.00
3 0.017610 7,754.83 x 18 = 139,586.94
4 0.007010 3,086.96 x 12 = 37,043.52
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Totals 48 429,422.04
Page 3 of 5
AT&T CREDIT CORPORATION
NCR Credit Xxxx
0 Xxxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
F A X C O V E R S H E E T
DATE: December 10, 1996 TIME: 2:31 PM
TO: Xxxx Xxxxxxxxx PHONE: 000-000-0000
Universal Money FAX: 000-000-0000
FROM: Xxxx Xxxxxxx PHONE: 000-000-0000
FAX: 000-000-0000
Number of pages including cover sheet: 1
Message
Here is the breakdown of the charges on Schedule 00020:
Product Amount Quantity Total Amount
------- ------ -------- ------------
5670 $14,200.00 29 $417,126.14
Delivery/Installation 300.00 29 5,340.54
Absolute Metal 685.00 29 19,865.00
Total $15,252.82 29 $442,331.78
If you need anything else, please call me at the above number.
Thank you.
Xxxx Xxxxxxx
/s/ Xxxx Xxxxxxx
Page 4 of 5
LETTERHEAD OF AT&T
AT&T
Capital Corporation
AT&T Credit Corporation
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Xxxx Xxxxxxx 0 Xxxxxxxx Xxxxx
Account Manager Xxxxxxxxxx, XX 00000
Phone: 000-000-0000
Fax: 000-000-0000
December 31, 1996
Xx. Xxxxx Xxxxxxxxx
Universal Money Centers, Inc.
0000 Xxxxxx Xxxx
Xxxxxxx, XX 00000
RE: Master Equipment Lease Agreement Number I200084 (the "Agreement"),
Schedule 00020
Dear Xx. Xxxxxxxxx:
Thank you for selecting AT&T Credit Corporation for your lease financing needs.
First, enclosed are your copies of the executed documents. Final invoices for
the above-referenced Schedule have now been received from XXX Xxxxxxxxxxx and
Absolute Metal Works. Absolute Metal Works will be added to this schedule as an
additional vendor. (Copies of these invoices have also been included for your
review and records.) These invoices reflect a change to the Total Purchase price
and related Advance Rent/Rental Payment amount(s) originally indicated on the
Schedule.
In accordance with Section 7 (Adjustments) of the Agreement, the Purchase Price
for the equipment shall be amended from $440,365.00 to $435,774.34, which is a
decrease of $4,590.66. Your payments will be as follows:
1 $67,545.02
2-18 $10,741.84
19-36 $ 7,673.99
37-48 $ 3,054.78
To confirm the correct payment procedure, please remit payments to: AT&T Credit,
XX Xxx 00000, Xxxxxxxxxx, XX 00000-0000, as indicated on each invoice. PLEASE DO
NOT MAIL YOUR PAYMENTS TO AT&T CREDIT IN PARSIPPANY, NEW JERSEY:
Finally, please note that under this lease agreement (paragraph 9 of the Master
Equipment Lease Agreement), the equipment will be included on AT&T Credit's
property tax return. In turn, AT&T Credit will invoice you to obtain
reimbursement for the property tax assessment. PLEASE DO NOT PAY PROPERTY TAX
DIRECTLY TO YOUR LOCAL TAX AUTHORITY.
All terms used herein and not defined shall have the meanings set forth in the
Agreement or the Schedule, as applicable. All other terms and conditions of the
Agreement and Schedule remain unchanged and in full force and effect.
Should you have any questions about any of the enclosed documents or any matters
concerning billing and payment, please call Customer Service, at telephone 1
000-000-0000. Again, thank you for choosing AT&T Credit for your financing
needs.
Yours truly,
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
Account Manager
Page 5 of 5
