Exhibit 99.3
EQUIPMENT SCHEDULE NUMBER 2 TO
MASTER LEASE AGREEMENT NUMBER COCAP05-0520
DATED MAY 27, 2005
BETWEEN COACH CAPITAL, LLC ("LESSOR") AND
ACCESS WORLDWIDE COMMUNICATIONS, INC. ("LESSEE")
1. Equipment:
Item No. Qty Equip. Type/Model/Feature/Description
SEE ATTACHED EQUIPMENT LIST
2. Equipment Location: 00xx Xxxxx Xxxxxxxxx Xxxxx, XXXX Plaza
6819 Xxxxx Avenue Cor. Sen. Xxx Xxxxx Ave.
Makati City, 0727
Philippines
3. Initial Period: 36 months
4. Monthly Rental: One (1) payment of $50,634.33 followed by
thirty-five payments of $6,889.71
5. End of Lease Provisions: Lessee purchases the Equipment for $1.00
6. Early Termination: Provided no default has occurred and is continuing under
the Master Lease Agreement or any Equipment Schedule thereunder, and upon
sixty (60) days written notice, Lessee may terminate any Equipment Schedule
not less than six (6) months after the Commencement Date by paying to the
Lessor (or directly to its assignee, if Lessee received notice that the
Equipment Schedule has been assigned to such assignee), an amount
(hereafter called the "Early Termination Payment") equal to the sum of (i)
the aggregate balance of the scheduled rents for the entire remaining
Initial Term, discounted to present value at four percent (4%) per annum,
plus (ii) a mandatory purchase amount, if any, required by the Equipment
Schedule. Upon Lessee's payment of the Early Termination Payment to the
Lessor (or assignee as aforesaid), Lessor shall transfer title to the
equipment to Lessee free and clear of all liens, claims and encumbrances
arising by, through or under Lessor.
All of the terms and conditions of the above described Master Lease Agreement
No. COCAP05-0520 dated May 20, 2005 are incorporated herein by reference. Each
Equipment Schedule shall constitute a separate Lease Agreement.
Lessor: Lessee:
COACH CAPITAL, LLC ACCESS WORLDWIDE COMMUNICATIONS,
INC,
By: ____________________________ By: ________________________________
Title:____________________________ Title:________________________________
Date: ____________________________ Date: ________________________________
