EXHIBIT 10.45
MASTER EQUIPMENT LEASE AGREEMENT NO. 0135
THIS MASTER EQUIPMENT LEASE AGREEMENT NO. 0135 (the "Lease") is dated as of
February 5, 1998 between PHOENIX LEASING INCORPORATED, a California corporation
("Lessor") and SEQUENOM, INC., a Delaware corporation ("Lessee").
RECITALS
Lessor desires to lease to Lessee, and Lessee desires to lease from Lessor, the
equipment, machinery, fixtures, other items and intangibles including, but not
limited to laboratory and manufacturing equipment for automated process line,
high-end PC's, office equipment and furniture, as approved by Lender, and
certain custom use equipment, installation and delivery costs, purchase tax,
toolings, software, tenant improvements on off-premises equipment, equipment
located at a location other than Lesse's headquarters at 00000 Xxxxxxxx Xxxxxx
Xxxx, Xxx Xxxxx, XX 00000, and items generally considered fungible or expendable
("Soft Costs") and all substitutions and replacements of and additions,
improvements, accessions and accumulations thereto, together with all rents,
issues, income, profits and proceeds therefrom (herein together called
"Equipment") which is described on the schedule attached hereto or any
subsequently-executed schedule entered into by Lessor and Lessee and which
incorporates this Lease by reference. Any such schedules shall hereinafter
individually be refined to as a "Schedule" and collectively be referred to as
the "Schedules."
NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:
Lessor hereby leases the Equipment to Lessee upon the following terms and
conditions:
SECTION 1. TERM OF AGREEMENT. The term of this Lease begins on the date set
forth above and shall continue thereafter and be in effect so long as and at any
time any Schedule entered into pursuant to this Lease is in effect. The Base
Term and rent payable with respect to each leased item of Equipment shall be as
set forth in and as stated in the respective Schedule(s). The terms of each
Schedule hereto are subject to all conditions and provisions of this Lease as it
may at any time be amended. Each Schedule shall constitute a separate and
independent lease and contractual obligation of Lessee and shall incorporate the
terms and conditions of this Lease and any additional provisions contained in
such Schedule. In the event of a conflict between the terms and conditions of
this Lease and additional provisions of such Schedule, the additional provisions
of such Schedule shall prevail with respect to such Schedule only.
SECTION 2. NON-CANCELLABLE LEASE. This Lease and any Schedule cannot be
cancelled or terminated except as expressly provided herein. This Lease (which
includes any Schedule which incorporates the terms and conditions of this Lease)
constitutes a net lease and Lessee agrees that its obligations to pay all rent
and other sums payable hereunder (and under any schedule) and the rights of
Lessor and assignee in and to such rent and other sums, are absolute and
unconditional and are not subject to any abatement, reduction, setoff, defense,
counterclaim or recoupment due or alleged to be due to, or by reason or, any
past, present or future claims which Lessee may have against Lessor, any
assignee, the manufacturer or seller of the Equipment or against any person for
any reason whatsoever.
SECTION 3. LESSOR COMMITMENT. Subject to the terms and conditions of this Lease
and so long as no Event of Default or event which with the giving of notice or
passage of time, or both, could become an Event of Default has occurred or is
continuing, Lessor agrees to lease to Lessee the groups of Equipment described
on each Schedule, subject to the following conditions: (a) that in no event
shall Lessor be obligated to lease Equipment to Lessee hereunder where the
aggregate purchase price of all Equipment leased to Lessee hereunder would
exceed $1,500,000 ("Commitment") of which amount Lessor may purchase Soft Costs,
for lease to Lessee having an aggregate purchase price not exceeding an amount
equal to 15% of the utilized commitment; (b) the amount of Equipment purchased
by Lessor at any one time shall be at least equal to $25,000 except for a final
advance which may, be less than $25,000; (c) Lessor shall not be obligated to
purchase Equipment hereunder after October 31, 1998; (d) all Lease documentation
required by Lessor has been executed by Lessee or provided by Lessee no later
than February 12, 1998; (e) the equipment described on the Schedule is
acceptable to Lessor; (f) with respect to each funding, Lessee has provided to
Lessor each of the closing documents and other items described in Exhibit A
hereto (which documents shall be in form and substance acceptable to Lessor) and
which list may be modified for each subsequent funding; (g) there is no material
adverse change in Lessee's condition, financial or otherwise, that would
materially impair the ability of Lessee, to meet its payment and other
obligations under this Lease, a ("Material Adverse Effect"), as reasonably
determined by Lessor, and Lessee so certifies, from (yy) the date of the most
recent financial statements delivered by Lessee to Lessor prior to execution of
this Lease to (zz) the date of the proposed lease of the Equipment; (h) at all
fundings, Lessee is performing substantially according to its business plan
referred to as "Sequenom, Inc., Financial Statement Forecast, Balance Sheet
Income Statement and Cash Flow, figures through December 31, 1998 only dated
September 24, 1997 at 7:21 AM viable through October 31, 1998", as may be
amended from time to time in form and substance reasonably acceptable to Lessor
("Business Plan"); (i) Lessor or its agent has inspected and placed
identification labels on the Equipment; (j) Lessee shall offer to Lessor, all
lease transactions for equipment contemplated by, Lessee until expiration of all
Schedules; however if Lessor declines to finance any such transaction or Lessee
and Lessor cannot agree upon terms, then Lessee shall be free to seek such
financing from any other third party; (k) Lessor has received in form and
substance reasonably acceptable to Lessor Lessee's interim financial statements
signed by a financial officer of Lessee; and (l) prior to the first funding
hereunder, Lessor has received (i) evidence satisfactory to Lessor of Lessees
receipt of Lessee's most recent equity financing in the amount of $9,350,000
deposited in United States Banks as of January 30, 1998; and (ii) evidence
satisfactory to Lessor or Lessee's $1,394,639 cash position as of September 30,
1997.
SECTION 4. NO WARRANTIES BY LESSOR. (a) Lessee has selected both (i) the
Equipment and (ii) the suppliers (herein called "Vendor") from whom Lessor is to
purchase the Equipment. LESSOR MAKES NO WARRANTY EXPRESS OR IMPLIED AS TO ANY
MATTER WHATSOEVER, INCLUDING THE CONDITION OF THE EQUIPMENT, ITS MERCHANTABILITY
OR ITS FITNESS FOR ANY PARTICULAR PURPOSE, ITS COMPLIANCE WITH ANY APPLICABLE
GOVERNMENTAL REQUIREMENTS AND ITS NON-INFRINGEMENT OF ANY PATENTS OR OTHER
RIGHTS, AND AS TO LESSOR, LESSEE LEASES THE EQUIPMENT "AS IS" AND WITH ALL
FAULTS; (b) If the
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Equipment is not properly installed, does not operate as represented or
warranted by Vendor or is unsatisfactory for any reason, Lessee shall make any
claim on account thereof solely against Vendor and shall, nevertheless, pay
Lessor all rent payable under this Lease, Lessee hereby waiving any such claims
as against Lessor. Lessor hereby agrees to assign to Lessee solely for the
purpose of making and prosecuting any said claim, to the extent assignable, all
of the rights which Lessor has against Vendor for breach of warranty or other
representation respecting the Equipment. Lessor shall have no responsibility for
delay or failure to fill the order. To the extent such rights of Lessor are not
assignable, Lessor shall cooperate with Lessee in pursuing any claim against the
Vendor or manufacturer; (c) Lessee understands and agrees that neither the
Vendor nor any salesman or other agent of the Vendor is an agent of Lessor. No
salesman or agent of Vendor is authorized to waive or alter any term or
condition of this Lease, and no representations as to the Equipment or any other
matter by the Vendor shall in any way affect Lessee's duty to pay the rent and
perform its other obligations as set forth in this Lease; (d) Lessee hereby
requests Lessor to purchase Equipment from Vendor and to lease Equipment to
Lessee on the terms and conditions of the Lease set forth herein; (e) Lessee
hereby authorizes Lessor to insert in this Lease and each Schedule hereto the
serial numbers, and other identification data of the Equipment when determined
by Lessor.
SECTION 5. LESSEE'S REPRESENTATIONS AND WARRANTIES. Lessee represents and
warrants that (a) it is in good standing under the laws of the state of its
formation, and duly qualified to do business, and will remain duty qualified
during the term of this Lease, in each state where necessary to carry on its
present business and operations including the jurisdictions where the Equipment
will be located, as specified on each Schedule hereto except where failure to be
so qualified would not have a Material Adverse Effect; (b) it has full authority
to execute and deliver this Lease and perform the terms hereof, and this Lease
has been duly authorized and constitutes valid and binding obligations of Lessee
enforceable in accordance with its terms, (c) this Lease will not contravene any
law, regulation or judgment affecting Lessee or result any breach of any
material agreement or other instrument binding on Lessee; (d) no consent of
Lessee's shareholders, members or managers or partners, as applicable, or holder
of any indebtedness, or filing with, or approval of, any governmental agency or
commission, is a condition to the performance of the terms hereof; (e) there is
no action or proceeding pending or threatened against Lessee before any court or
administrative agency which might result in a Material Adverse Effect on the
business, financial condition or operations of Lessee; (f) no deed of trust,
mortgage or third party interest arising through Lessee will attach to the
Equipment or the Lease; (g) the Equipment will remain at all times under
applicable law, removable personal property, free and clear of any lien or
encumbrance in favor of Lessee or any other person, notwithstanding the manner
in which the Equipment may be attached to any real property; (h) all credit
financial and any other information submitted to Lessor herewith or any other
time is true and correct; and (i) Lessee has provided or will provide if
requested, Lessee's tax identification number.
SECTION 6. EQUIPMENT ORDERING. Lessee shall be responsible for all packing,
rigging, transportation and installation charges for the Equipment and Lessor
may separately invoice Lessee for such charges. Lessee has selected the
Equipment itself and shall arrange for delivery of Equipment so that it can be
accepted in accordance with Section 7 hereof. Lessee
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hereby agrees to indemnify and hold Lessor harmless from any claims,
liabilities, costs and expenses, including reasonable attorneys' fees, incurred
by Lessor arising out of any purchase orders or assignments executed by Lessor
with respect to any Equipment or services relating thereto.
SECTION 7. LESSEE ACCEPTANCE. Lessee shall return to Lessor the signed and dated
Acceptance Notice attached to each Schedule hereto (a) acknowledging the
Equipment has been received, installed and is ready for use and (b) accepting it
as satisfactory in all respects for the purposes of this Lease. Lessor is
authorized to fill In the Rent Start Date on each Schedule in accordance with
the foregoing.
SECTION 8. LOCATION; INSPECTION; LABELS. The Equipment shall be delivered to and
shall not be removed from the Equipment "Location" shown on each Schedule
without Lessor's prior written consent, which Location shall in all events be
within the United States. Lessor shall have the night to inspect the Equipment
including records relating thereto, and Lessee's books and records at any time
(upon reasonable notification) during regular business hours, such books and
records to be maintained in accordance with generally accepted accounting
principles. Lessee shall be responsible for all labor, material and freight
charges incurred in connection with any removal or relocation of such Equipment
which is requested by the Lessee and consented to by Lessor, as well as for any
charges due to the installation or moving of the Equipment. The rental payments
shall continue during any period shall continue during any period in which the
Equipment is in transit during a relocation. Lessor or its agent shall xxxx and
label the Equipment, which labels (to be provided by Lessor) shall state the
Equipment is owned by Lessor, and Lessee shall keep such labels on the Equipment
as labeled by Lessor or its agents provided that such labels will not interfere
with use of the Equipment for the purpose for which it is intended.
SECTION 9. EQUIPMENT MAINTENANCE. (a) General. Lessee will locate or base
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each item of Equipment where designated in the Acceptance Notice and will
reasonably permit Lessor to inspect, at reasonable times and frequency, such
item of Equipment and its maintenance records. Lessee will at its sole expense
comply with all applicable laws, rules, regulations, requirements and orders
with respect to the use, maintenance, repair, condition, storage and operation
of each item of Equipment. Except as required herein, Lessee will not make any
addition or improvement to any item of Equipment that is not readily removable
without causing material damage to any item or impairing its original value or
utility. Any addition or improvement that is so required or cannot be so
removed will immediately become the property of Lessor; (b) Service and Repair.
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Lessee will, at its sole expense, maintain and service, and repair any damage
to, each item of Equipment in a manner consistent with prudent industry practice
and Lessee's own practice so that such item of Equipment is at all times (i) in
the same condition as when delivered to Lessee, except for ordinary wear and
tear, (ii) in good operating order for the function intended by its
manufacturer's warranties and recommendations.
SECTION 10. LOSS OR DAMAGE. Lessee assumes the entire risk of loss to the
Equipment through use, operation or otherwise. Lessee hereby indemnifies and
holds harmless Lessor from and against all claims, loss of rental payments,
costs, damages, and expenses
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relating to or resulting from any loss, damage or destruction of the Equipment,
any such occurrence being hereinafter called a "Casualty Occurrence." No
Casualty Occurrence shall relieve Lessee from the obligation to pay rent or from
any other obligation under the Lease. No later than the first rental payment
date following such Casualty Occurrence, or, if there is no such rental payment
date, no later than thirty (30) days after such Casualty Occurrence, Lessee
shall either (a) repair the Equipment, returning it to good operating condition,
(b) replace the Equipment with identical equipment in good condition and repair,
the title to which shall vest in Lessor and which thereafter shall be subject to
the terms of this Lease; or (c) on the first rental payment date following the
Casualty Occurrence, pay to Lessor (i) any unpaid accrued amounts relating to
such Equipment due Lessor under this Lease up to the date of the Casualty
Occurrence, and (ii) a sum equal to the Casualty Value as set forth in the
Casualty Value table attached to each Schedule hereto for such Equipment. Upon
the making of such payment, the term of this Lease as to each unit of Equipment
with respect to which the Casualty Value was paid shall terminate.
SECTION 11. GENERAL INDEMNITY. Lessee will protect, indemnify and save harmless
Lessor and any assignees on an after-tax basis from and against all liabilities,
obligations, claims, damages, penalties, causes of action, costs and expenses
(including reasonable attorneys' fees and expenses), imposed upon or incurred by
or asserted against Lessor or any assignee of Lessor by Lessee or any third
party by reason of the occurrence or existence (or alleged occurrence or
existence) of any act or event relating to or caused by the Equipment or its
purchase, acceptance, possession, use, maintenance or transportation, including
but not limited to, consequential or special damages of any kind, or any failure
on the part of Lessee to perform or comply with any of the terms of this Lease,
claims for latent or other defects, claims for patent, trademark or copyright
infringement and claims for personal injury, death or property damage, including
those based on Lessor's negligence or strict liability in tort and excluding
only that based on Lessor's gross negligence or willful misconduct only if such
claims relate to the Equipment. In the event that any action, suit or proceeding
is brought against Lessor by reason of any such occurrence, Lessee, upon request
of Lessor, will at Lessee's expense resist and defend such action, suit or
proceeding or cause the same to be resisted and defended by counsel designated
and approved by Lessor. Lessee's obligations under Section 11 shall survive the
expiration of this Lease with respect to acts or events occurring or alleged to
have occurred prior to the return of the Equipment to Lessor at the end of the
Lease term.
SECTION 12. INSURANCE. Lessee at its expense shall keep the Equipment insured
for the entire term and any extensions of this Lease against all risks of
physical loss for at least the replacement value of such Equipment and in no
event for less than the amount payable following a Casualty Occurrence (as
provided in Section 10) and shall provide for a loss payable endorsement to
Lessor and/or any assignee of Lessor. Lessee shall maintain commercial general
liability insurance with respect to loss or damage for personal injury, death or
property damage in an amount not less than S2,000,000 in the aggregate, naming
Lessor and/or Lessor's assignee as additional insured. Such insurance shall
contain insurer's agreement to give thirty (30) days' advance written notice to
Lessor before cancellation or material change of any policy of insurance. Lessee
will provide Lessor and any assignee of Lessor with a certificate of insurance
from the insurer evidencing Lessor's or such assignees interest in the policy of
insurance. Such
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insurance shall cover any Casualty Occurrence to any unit of Equipment.
Notwithstanding anything in Section 10 or this Section 12 to the contrary, this
Lease and Lessee's obligations hereunder and under each Schedule shall remain in
full force and effect with respect to any unit of Equipment which is not subject
to a Casualty Occurrence. If Lessee fails to provide or maintain insurance as
required herein, Lessor shall have the right, but shall not be obligated to
obtain such insurance. In that event, Lessee shall pay to Lessor the cost
thereof.
SECTION 13 TAXES. Lessee agrees to report the Equipment as equipment leased from
Lessor and not as equipment owned by Lessee on Lessee's personal property tax
return. Promptly upon receipt of an invoice from Lessor, Lessee agree to
reimburse Lessor for (or pay directly if instructed by Lessor), and agrees to
indemnify and hold Lessor harmless from, all fees (including, but not limited
to, license, documentation, recording and registration fees), and all sales,
use, gross receipts, personal property, occupational, value added or other
taxes, levies, imposts, duties, assessments, charges, or withholdings of any
nature whatsoever, together with any penalties, fines, additions to tax, or
interest thereon (all of the foregoing being hereafter referred to as
"Impositions") except same as way be attributable to Lessor's income, arising at
any time prior to or during the term of this Lease, or upon termination or early
termination of this Lease and levied or imposed upon Lessor directly or
otherwise by any Federal, state or local government in the United States or by
any foreign country or foreign or international taxing authority upon or with
respect to (a) the Equipment, (b) the exportation, importation, registration,
purchase, ownership, delivery, leasing, possession, use, operation, storage,
maintenance, repair, return, sale, transfer of title, or other disposition
thereof, (c) the rentals, receipts, or earnings arising from the Equipment, or
any disposition of the rights to such rentals, receipts, or earnings, (d) any
payment pursuant to this Lease, and (e) this Lease or the transaction or any
part thereof. Lessee's obligations under this Section 13 shall survive the
expiration of this Lease with respect to acts or events occurring or alleged to
have occurred prior to the return of the Equipment to Lessor at the end of the
Lease term.
SECTION 14. METHOD AND PLACEMENT OF PAYMENT. Lessee shall pay to Lessor, at its
office at the address specified in the Schedules, or such other address as
Lessor specifies in writing, all amounts payable to it in respect of the
Schedules.
SECTION 15. SURRENDER OF EQUIPMENT. If required by the terms of this Lease or
any Schedule, Lessee will forthwith surrender the Equipment to Lessor delivered
in as good order and condition as originally delivered, reasonable wear and tear
excepted. Lessor may, at its sole option, arrange for removal and transportation
of the Equipment provided that Lessee's obligations under Sections 10, 11 and 12
shall not be released. Lessee shall bear all expenses of delivering (which
include, but are not limited to, the de-installation, insurance, packaging and
transportation of) the Equipment to Lessor's location or other location within
the United States as Lessor may request. Notwithstanding Lessee's surrender
under this Lease, including rental payments, shall remain in full force and
effect until Lessee delivers the Equipment to Lessor.
SECTION 16. MISCELLANEOUS AFFIRMATIVE COVENANTS. So long as any payment required
of Lessee hereunder is unpaid and as long as any obligations of Lessee under
this Lease remain outstanding, Lessee will: (a) duly pay all governmental taxes
and assessments
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at the time they become due and payable; (b) comply with all applicable
governmental laws, rules and regulations relating to the business and the
Equipment; (c) maintain Lessor's ownership interest in the Equipment; (d)
furnish Lessor with its annual audited financial statements within ninety (90)
days following the end of Lessee's fiscal year, unaudited quarterly financial
statements within thirty (30) days after the end of each fiscal quarter, and
within fifteen (15) days of the end of each month a financial statement for that
month prepared by Lessee, including all financial information given to Lessee's
Board of Directors, and including an income statement and balance sheet, all of
which shall be certified by an officer of Lessee as true and correct and shall
be prepared in accordance with generally accepted accounting principles
consistently applied, and such other information as Lessor may reasonably
request; (e) promptly (but in no event more than five (5) days after the
occurrence of such event) notify Lessor of any Material Adverse Effect regarding
Lessee's condition during the commitment period and of the occurrence of any
Event of Default; and (f) take all steps deemed by Lessor reasonable or
advisable to validate Lessor's ownership of the Equipment.
SECTION 17. ASSIGNMENT. WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, WHICH CONSENT
WILL NOT BE UNREASONABLY WITHHELD OR DELAYED, LESSEE SHALL NOT (a) ASSIGN,
TRANSFER, PLEDGE, HYPOTHECATE OR OTHERWISE DISPOSE OF THIS LEASE, ANY SCHEDULES,
THE EQUIPMENT, OR ANY INTEREST THEREIN, OR (b) SUBLET OR LEND EQUIPMENT OR
PERMIT IT TO BE USED BY ANYONE OTHER THAN LESSEE OR LESSEE'S EMPLOYEES, OR (c)
MERGE INTO, CONSOLIDATE WITH OR CONVEY OR TRANSFER ITS PROPERTIES SUBSTANTIALLY
AS AN ENTIRETY TO ANY OTHER PERSON OR ENTITY EXCEPT TO A SUCCESSOR IN INTEREST
TO ALL OR SUBSTANTIALLY ALL OF THE BUSINESS OF LESSEE; PROVIDED, HOWEVER, THAT,
THE FINANCIAL CONDITION OF SUCH SUCCESSOR IS GREATER THAN OR EQUAL TO THAT OF
LESSEE, AS DETERMINED IN GOOD FAITH BY LESSOR, AND THE SUCCESSOR'S BUSINESS AND
ITS MAJOR INVESTORS ARE REASONABLY ACCEPTABLE TO LESSOR. LESSOR MAY ASSIGN THIS
LEASE AND ANY SCHEDULES OR GRANT A SECURITY INTEREST IN ANY OR ALL EQUIPMENT, OR
BOTH, IN WHOLE OR IN PART TO ONE OR MORE ASSIGNEES OR SECURED PARTIES WITHOUT
NOTICE TO LESSEE. If Lessee is given notice of such assignment it agrees to
acknowledge receipt thereof in writing and Lessee shall execute such additional
documentation as Lessor's assignee and/or secured party shall reasonably
require. Each such assignee and/or secured party shall have all of the rights,
but (except as provided in this Section 17) none of the obligations, of Lessor
under this Lease, unless such assignee or secured party expressly agrees to
assume such obligations in writing. Lessee shall not assert against any assignee
and/or secured party any defense, counterclaim or offset that Lessee may have
against Lessor. Notwithstanding any such assignment, and providing no Event of
Default has occurred and is continuing, Lessor, or its assignees, secured
parties, or their agents or assigns, shall not interfere with Lessee's right to
quietly enjoy use of Equipment subject to the terms and conditions of this
Lease. Subject to the foregoing, this Lease inures to the benefit of and is
binding upon the successors and assignees of the parties hereto. Lessee
acknowledges that any such assignment by Lessor will not materially change
Lessee's duties or obligations under the Lease or increase any burden of risk on
Lessee.
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SECTION 18. DEFAULT. (a) Events of Default. Any of the following events or
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conditions shall constitute an "Event of Default" hereunder: (i) Lessee's
failure to pay any monies due to Lessor hereunder or under any Schedule beyond
the tenth (10th) day after the same is due; (ii) Lessee's failure to comply with
its obligations under Section 12 or Section 17; (iii) Any representation or
warranty of Lessee made in this Lease or the Schedules or in any other
agreements, statement or certificate furnished to Lessor in connection with this
Lease or the Schedules shall prove to have been incorrect in any material
respect when made or given; (iv) Lessee's failure to comply with or perform any
term, covenant, condition, warranty or representation of this Lease or any
Schedule hereto or under any other agreement between Lessee and Lessor or under
any lease or mortgage of real property covering the location of Equipment if
such failure to comply or perform is not cured by Lessee within thirty (30) days
after Lessee knows of the non-compliance or nonperformance or notice from
Lessor; (v) seizure of the Equipment under legal process; (vi) the filing by or
against Lessee or any guarantor under any guaranty executed in connection with
this Lease ("Guarantor") of a petition for reorganization or liquidation under
the Bankruptcy Code or any amendment thereto or under any other insolvency law
providing for the relief of debtors; (vii) the voluntary or involuntary making
of an assignment of a substantial portion of its assets by Lessee, or by any
Guarantor, for the benefit of its creditors, the appointment of a receiver or
trustee for Lessee or any Guarantor for any of Lessee's or Guarantor's assets,
the institution by or against Lessee or any Guarantor of any formal or informal
proceeding for dissolution, liquidation, settlement of claims against or winding
up of the affairs of Lessee or any Guarantor, provided that in the case of all
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such involuntary proceedings, same are not dismissed within sixty (60) days
after commencement; or (viii) the making by Lessee or any Guarantor of a
transfer of all or a material portion of Lessee's or Guarantor's assets or
inventory not in the ordinary course of business; or (ix) any default or breach
by any Guarantor of any of the terms of its guaranty to Lessor in connection
with this Lease.
(b) Remedies. If any Event of Default has occurred, Lessor may in its sole
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discretion exercise one or more of the following remedies with respect to any or
all of the Equipment (i) Lessor may proceed by appropriate court action or
actions either at law or in equity to enforce performance by Lessee, of the
applicable covenants of this Lease, or to recover damages therefor, (ii) Lessee
will, without demand, on the next rent payment date following the Event of
Default, pay to Lessor as liquidated damages which the parties agree are fair
and reasonable under the circumstances existing at the time this Lease is
entered into, and not as a penalty, an amount equal to the Casualty Value of the
Equipment set forth in the Casualty Value Table attached to such Equipment's
Schedule together with any rent or other amounts past due and owing by Lessee
hereunder; (iii) Lessor may, without notice to or demand upon Lessee; (A) Take
possession of the Equipment and lease or sell the same or any portion thereof,
for such period, amount, and to such entity as Lessor shall elect. The proceeds
of such lease or sale will be applied by Lessor (1) first, to pay all costs and
expenses, including reasonable legal fees and disbursements, incurred by Lessor
as a result of the default and the exercise of its remedies with respect
thereto, (2) second, to pay Lessor an amount equal to any unpaid rent or other
amounts past due and payable plus the Casualty Value, to the extent not
previously paid by Lessee, and (3) third, to reimburse Lessee for the Casualty
Value to the extent previously paid. Any surplus
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remaining thereafter will be retained by Lessor, (B) Take possession of the
Equipment and hold and keep idle the same or any portion thereof.
Lessee agrees to pay all reasonable out-of-pocket costs of Lessor incurred in
enforcement of this Lease, the Schedules or any instrument or agreement required
under this Lease, including but not limited to reasonable outside counsel legal
fees and litigation expenses and fees of collection agencies ("Remedy
Expenses"). At Lessor's request, Lessee shall assemble the Equipment and make it
available to Lessor at such location as Lessor relay reasonably designate.
Lessee waives any right it may have to redeem the Equipment.
No delay or omission of Lessor, in exercising any right or power arising from
any Event of Default shall prevent Lessor from exercising that right or power if
the Event of Default continues. No waiver of an Event of Default, whether full
or partial, by Lessor or such holder shall be taken to extend to any subsequent
Event of Default or to impair the rights of Lessor in respect of any damages
suffered as a result of the Event of Default. The giving, taking or enforcement
of any other or additional security, Equipment at or guaranty for the payment or
discharge of the lease obligations and performance of the obligations shall in
no way operate to prejudice, waive or affect Lessor's ownership interest created
under this Lease or any rights, powers or remedies exercised hereunder or
thereunder. Lessor shall not be required first to repossess the Equipment prior
to bringing an action against Lessee for sums owed to Lessor under this Lease or
under any Schedule.
SECTION 19. LATE PAYMENTS. Lessee shall pay to Lessor an amount equal to the
lesser of 8% of any payment owed Lender by Borrower which is not paid when due
(taking into account applicable grace periods),of every month such payment to
not paid when due, but in no event an amount greater than the highest rate
permitted by applicable law. If such amounts have not been received by Lessor at
Lessor's place of business or by Lessor's designated agent by the date such
amounts due under this Lease, Lessor shall xxxx Lessee for such charges. Lessee
acknowledges that invoices for rentals due hereunder or under the Schedules are
sent by Lessor for Lessee's convenience only. Lessee's non-receipt of an invoice
will not relieve Lessee of its obligation to make rent payments hereunder or
under the Schedules.
SECTION 20. LESSOR'S EXPENSE. Lessee shall pay Lessor all reasonable costs and
expenses including reasonable attorney's fees and the fees of collection
agencies, incurred by Lessor (a) in enforcing any of the terms, conditions or
provisions hereof any related to the exercise of its remedies, and (b) in
connection with any bankruptcy or post-judgment proceeding, whether or not suit
is filed and, in each and every action, suit or proceeding, including any and
all appeals and petitions therefrom.
SECTION 21. PAYMENTS BY LESSOR. If Lessee shall fail to make any payment or
perform any act required hereunder (including, but not limited to, maintenance
of any insurance required by Section 12), then Lessor may but shall not be
required to, after such notice to Lessee as is reasonable under the
circumstances, make such payment or perform such act with the same effect as if
made or performed by Lessee. Lessee will upon demand reimburse Lender for all
9
sums paid and all costs and expenses incurred in connection with the performance
of any such act.
SECTION 22. OWNERSHIP; PERSONAL PROPERTY. The Equipment shall be and remain
personal property of Lessor, and Lessee shall have no right, title or interest
therein or thereto except as expressly set forth in this Lease, notwithstanding
the manner in which it may be attached or affixed to real property, and upon
termination or expiration of the Lease term, Lessee shall have the duty and
Lessor shall have the right to remove the Equipment from the premises where the
same be located whether or not affixed or attached to the real property or any
building, at the cost and expense of Lessee.
SECTION 23. ALTERATIONS; ATTACHMENT. No alterations or attachments shall be made
to the Equipment without Lessor's prior written consent, which shall not be
given for changes that will affect the reliability and utility of the Equipment
or which cannot be removed without damage to the Equipment, or which in any way
affect the value of the Equipment for purposes of resale or re-lease. All
attachments and improvements to the Equipment shall be deemed to be "Equipment"
for purposes of the Lease, and all right, title and interest therein shall
immediately vest in Lessor.
SECTION 24. FINANCING STATEMENT. Lessee will execute all financing statements
pursuant to the Uniform Commercial Code and all such other documents reasonably
requested by Lessor to protect Lessor's interest hereunder. Lessee authorizes
Lessor to file financing statements signed only by Lessor (where such
authorization is permitted by law) at all places where Lessor deems necessary.
SECTION 25. MISCELLANEOUS. (a) Lessee shall provide Lessor with such corporate
resolutions, financial statements and other documents as Lessor shall reasonably
request from time to time; (b) Lessee represents that the Equipment is being
leased hereunder for business purposes; (c) Time is of the essence with respect
to this Lease; (d) Lessee shall keep its books and records in accordance with
generally accepted accounting principles and practices consistently applied and
shall deliver to Lessor its annual audited financial statements, unaudited
monthly financial statements to include any financial information given to
Lessee's Board of Directors, and signed by an officer of Lessee and such other
unaudited financial statements as may be reasonably requested by Lessor; (e) Any
action by Lessee against Lessor for any default by Lessor under this Lease,
including breach of warranty or indemnity, shall be commenced within one (1)
year after any such cause of action accrues; (f) Lessee will notify Lessor at
least 30 days prior to changing its name, principal place of business or chief
executive office; (g) The obligations of Lessee hereunder shall survive the
expiration or earlier termination of this Lease and the Schedules until all such
obligations of Lessee to Lessor have been met and all liabilities of Lessee to
Lessor or any assignee have been paid in full; (h) Lessee hereby appoints Lessor
(and each of Lessor's officers, employees or agents designated by Lessor) with
full power of substitution by Lessor, as Lessee's attorney, with power to
execute and deliver on Lessee's behalf, financing statements and other documents
necessary to perfect and/or give notice of Lessor's ownership of any of the
Equipment.
10
SECTION 26. NOTICES. All notices hereunder shall be in writing, by registered
mail, or reliable messenger or delivery service and shall be directed, as the
case may be, to Lessor at 0000 Xxxxxx Xxxxxxxxx, Xxx Xxxxxx, Xxxxxxxxxx 00000,
Attention: Asset Management and to Lessee at 00000 Xxxxxxxx Xxxxxx Xxxx, Xxx
Xxxxx, XX 00000, County of San Diego, Attention: Xx. Xxxxx Xxxxxxxx, Vice
President, Finance and Administration.
SECTION 27. ENTIRE AGREEMENT. Lessee acknowledges that Lessee has read this
Lease, understands it and agrees to be bound by its terms, and further agrees
that the Lease and each Schedule constitute the entire agreement between Lessor
and Lessee with respect to the subject matter hereof and supersedes all previous
agreements, promises, or representations. The terms and conditions hereof shall
prevail notwithstanding any variance with the terms of any purchase order
submitted by the Lessee with respect to any Equipment covered hereby.
SECTION 28. AMENDMENT. This Lease may not be changed, altered or modified
except by an instrument in writing signed by an officer of the Lessor and the
Lessee.
SECTION 29. WAIVER. Any failure of Lessor to require strict performance by
Lessee or any waiver by Lessor of any provision herein shall not be construed as
a consent or waiver of any other breach of the same or any other provision.
SECTION 30. SEVERABILITY. If any provision of this Lease or a Schedule is held
invalid, such invalidity shall not affect any other provisions hereof or
thereof.
SECTION 31. JURISDICTION AND WAIVER OF JURY TRIAL. This Lease shall be deemed
to have been negotiated, entered into and performed in the State of California
and it is understood and agreed that the validity of this Lease and of any of
its terms and provisions, as well as the rights and duties of the parties to
this Lease, shall be construed pursuant to and in accordance with the laws of
the State of California, without giving effect to conflicts of law principles.
It is agreed that exclusive jurisdiction and venue for any legal action between
the parties arising out of this Lease shall be in the Superior Court for Marin
County, California, or, in cases where Federal diversity jurisdiction is
available, in the United States District Court for the Northern District of
California situated in San Francisco. LESSEE, TO THE EXTENT IT MAY LAWFULLY DO
SO, HEREBY WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH
RESPECT TO THIS LEASE, ANY SCHEDULE, OR ANY AGREEMENT EXECUTED IN CONNECTION
HEREWITH.
SECTION 32. NATURE OF TRANSACTION. Lessor makes no representation whatsoever,
express or implied, concerning the legal character of the transaction evidenced
hereby, for tax or any other purpose.
SECTION 33. SECURITY INTEREST. (a) One executed copy of the Lease will be
marked "Original" and all other counterparts will be duplicates. To the extent,
if any, that this Lease constitutes chattel paper (as such term is defined in
the Uniform Commercial Code as in effect in any applicable jurisdiction) no
security interest in the Lease may be created in any documents other than the
"Original." (b) There shall be only one original of each Schedule and
11
it shall be marked "Original," and all other counterparts will be duplicates. To
the extent, if any, that any Schedule(s) to this Lease constitutes chattel paper
(or as such term is defined in the Uniform Commercial Code as in effect in any
applicable jurisdiction) no security interest in any Schedule(s) may be created
in any documents other than the "Original."
SECTION 34. SOFTWARE. For the term of this Lease, and so long as no Event of
Default has occurred and is continuing, Lessor hereby assigns to Lessee all of
Lessor's rights under any License Agreement executed by Lessor in connection
with the Equipment (except for any right of Lessor to be reimbursed for the
License Fee). Lessee agrees to be bound by the provisions of any such License
Agreement and to perform all obligations of Lessor (except Lessor's payment
obligations) thereunder. Lessee acknowledges that all of Lessee's obligations
under the Lease with respect to the Equipment will apply equally to the
software, including but not limited to Lessee's obligation to pay rent to
Lessor.
SECTION 35. COMMITMENT FEE. Lessee has paid to Lessor a commitment fee ("Fee")
of $15,000. The Fee shall be applied by Lessor first to reimburse Lessor for all
out-of-pocket UCC and other search costs, inspections and appraisal fees
incurred by Lessor, and then proportionally to the first month's rent for each
Schedule hereunder in the proportion that the purchase price of the Equipment
leased pursuant to the Schedule bears to Lessor's entire commitment. However,
the portion of the Fee which is not applied to rental shall be non-refundable
except if Lessor defaults in its obligations pursuant to Section 3.
SECTION 36. FINANCE LEASE. The parties agree that this lease is a "Finance
Lease" as defined by section 10-103(a)(7) of the California Commercial Code
(Cal.Com.C.). Lessee acknowledges either (a) that Lessee has reviewed and
approved any written Supply Contract (as defined by Cal.Com.C. Section 10-
103(a)(25)) covering Equipment purchased from the "Supplier" (as defined by
Cal.Com.C. Section 10-103(a)(24)) thereof for lease to Lessee or (b) that Lessor
has informed or advised Lessee, in writing, either previously or by this Lease
of the following: (i) the identity of the Supplier; (ii) that the Lessee may
have rights under the Supply Contract; and (iii) that the Lessee may contact the
Supplier for a description of any such rights Lessee may have under the Supply
Contract. Lessee hereby waives any rights and remedies Lessee may have under
Cal.Com.C. Sections 10-508 through 522.
SECTION 37. END OF LEASE POSITION. (a) General. Lessee shall be required to
-------
choose a final purchase or extension requirement ("End of lease Position") at
the expiration of the Base Term (as defined in the Schedule) of the first
Schedule to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS, Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
12
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
SECTION 38. ADJUST-A-LEASE OPTION.
(a) General: Subject to credit and equipment review and approval, Lessee shall
have the option to remove such Schedule's Equipment ("Removed Equipment") and
finance new Equipment ("New Equipment") under a new Schedule ("New Schedule").
(b) New Schedule Amount: The amount of the New Schedule shall be an amount
equal to the purchase price for the New Equipment plus a prepayment figure for
the Removed Equipment. The prepayment figure shall be the amount of the original
Schedule ("Old Schedule") less: (i) any trade-in or resale value for the Removed
Equipment and (ii) a credit for Schedule payments already made (the total Old
Schedule payments attributable to the removed Equipment multiplied by the
"Allowance Factor" indicated in the table below). In no event shall the amount
of the New Schedule be less than the amount of the Old Schedule.
-----------------------------------------------------------------------------------------------
Removal Date Allowance Factor
-----------------------------------------------------------------------------------------------
After 12 Months of Old Schedule 55%
-----------------------------------------------------------------------------------------------
After 24 Months of Old Schedule 60%
-----------------------------------------------------------------------------------------------
After 36 Months of Old Schedule 65%
-----------------------------------------------------------------------------------------------
(c.) Old Schedule: If any Equipment remains on the Old Schedule, the monthly
payment amount for the Old Schedule will be reduced in proportion to the
Removed Schedule's value.
(d) Option Preconditions: Borrower's right to exercise this Adjust-A-Lease
Option ("Option") is conditioned upon the following: (i) no Event of Default
under the Lease has theretofore occurred or is continuing; (ii) the New
Equipment and prepayment of the Removed Equipment are financed by Lessor under a
New Schedule, subject to Lessor's current lease rates and documentation
acceptable to Lessor, (iii) Lessor is satisfied with Lessee's creditworthiness;
13
(iv) the New Equipment is acceptable to Lessor; and (v) Lessee has given Lessor
at least 90 days' prior written notice of its desire to exercise the Option.
SECTION 39. FURTHER ASSURANCES. Lessee shall at its expense take such action
and execute and deliver all acts and instruments and other documents as Lessor
may at any time request to protect, assure or enforce its interests and rights
hereunder.
SECTION 40. POWER OF ATTORNEY. Lessee hereby irrevocably appoints Lessor as
Lessee's attorney-in-fact, with full authority in the place and stead of Lessee
and in the name of Lessee, from time to time in Lessor's discretion, to take any
action and to execute any instrument which Lessor may deem necessary or
advisable to accomplish the purposes of the Lease and any documents and
instruments contained therein or thereby to the extent permitted by law.
IN WITNESS WHEREOF, the parties hereto have executed this Lease.
-------------------------------------------------------------------------------------------------------
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx Zanziboni
--------------------------------------- --------------------------------------------
Name: Xxxxx Xxxxxx Name (Print): Xxxxxxx Zanziboni
------------------------------------- ---------------------------------
Title: AVP Credit Manager Title: VP Finance
------------------------------------ -----------------------------------------
HEADQUARTERS LOCATION:
----------------------
00000 Xxxxxxxx Xxxxxx Xxxx
Xxx Xxxxx, XX 00000
County of San Diego
EXHIBITS AND SCHEDULES:
----------------------
Exhibit A--Closing Memorandum
------------------------------------------------------------------------------------------------------
14
EXHIBIT A TO
MASTER EQUIPMENT LEASE AGREEMENT NO. 0135
DATED FEBRUARY 5, 1998
CLOSING MEMORANDUM
------------------
1.* Duly executed Master Equipment Lease marked "Original."
2. Duly executed Schedule marked "Original."
3. Duly executed Certificate of Acceptance. [EXECUTE UPON ACCEPTANCE OF
EQUIPMENT]
4. Insurance Certificates.
5.* Resolutions of Lessee's Board of Directors, including an incumbency
certificate.
6.* Copy of Lessee's articles of incorporation including all amendments,
certified by the Secretary of Lessee as being true and complete and in full
force and effect.
7.* Certificate from the Secretary of State of Lessee's state of incorporation,
from the state in which Lessee's chief executive office is located, if
different, and from each state where Lessee is qualified to do business,
stating Lessee is in good standing or is authorized to transact business,
as the case may be, dated not more than thirty days prior to the first
purchase of Equipment.
8. Real Property Waiver.**
9. UCC Financing Statements.
10. Xxxx of Sale (for Sale-Leaseback Equipment).
11.. UCC search.
12. Equipment List, in form and substance satisfactory to Lessor.
13. Lessee's most recent financial statements.
14. Certificate of Chief Financial Officer stating that no event of default has
occurred, there is no adverse change in the financial condition of Lessee
and that the Equipment is free of any encumbrances.
15. See Section 3 of Master Equipment Lease for additional preconditions to
closing.
20. Intercreditor Agreement, if applicable.
*First Schedule Only.
**Required if any Equipment is a fixture, i.e., attached to real property, or
located in certain states.
15
CORPORATE RESOLUTION TO LEASE
RESOLVED: That this corporation, SEQUENOM, INC., lease from PHOENIX LEASING
INCORPORATED, a California corporation, hereinafter referred to as Lessor, such
items of personal property, and upon such terms and conditions, as the officer
or officers hereinafter authorized, in their discretion, may deem necessary or
advisable; provided, however, that the original actual cost of such items of
personal property under the lease shall not exceed the sum of $1,500,000.
RESOLVED FURTHER: That:
Xxxxxxx Xxxxxxxx VP Finance /s/ Xxxxxxx Xxxxxxxx
------------------------- ---------------------------- ----------------------
(Print or type name) (Title of Corporate Officer) (Specimen Signature)
or
------------------------- ---------------------------- ---------------------
(Print or type name) (Title of Corporate Officer) (Specimen Signature)
of this corporation (this officer or officers authorized to act pursuant hereto
being hereinafter designated as "authorized officers"), be, and they hereby are,
individually authorized, directed and empowered, in the name of this
corporation, to execute and deliver to Lessor, and Lessor is requested to
accept, any lease that may be required by Lessor in connection with such leasing
of personal property.
RESOLVED FURTHER: That the authorized officers be, and they hereby are,
individually authorized, directed and empowered, in the name of this
corporation, to do or cause to be done all such further acts and things as they
shall deem necessary, advisable, convenient, or proper in connection with the
execution and delivery of any such lease and in connection with or incidental to
the carrying of the same into effect, including, without limitation the
execution, acknowledgment, and delivery of any and all instruments and documents
which may reasonably be required by Lessor under or in connection with any such
lease.
RESOLVED FURTHER: That Lessor is authorized to act upon this resolution until
written notice of its revocation is delivered to Lessor, and that the authority
hereby granted shall apply with equal force and effect to the successors in
office of the officers herein named.
I, Xxxxxx Xxxxxx, Officer of SEQUENOM, INC., a corporation incorporated under
-------------
the laws of the State of Delaware, do hereby certify that the foregoing is a
full, true and correct copy of resolutions of the Board of Directors of the said
corporation, duly and regularly passed or adopted by the Board of Directors of
said corporation, duly and regularly passed or adopted by the Board of Directors
of said corporation as required by law and by the by-laws of the said
corporation on the 25 day of February, 1998.
-- -------- --
16
I further certify that said resolutions are still in full force and effect and
have not been amended or revoked and that the specimen signatures appearing
above are the signatures of the officers authorized to sign for this corporation
by virtue of the said resolutions.
IN WITNESS WHEREOF, I have hereunto set my hand as such Officer, and affixed the
corporate seal of the said corporation, this 25 day of February, 1998.
--
AFFIX CORPORATE
SEAL HERE
/s/ illegible
----------------------------
OFFICER OF SEQUENOM, INC.
President & CEO
17
AMENDMENT NO. 1 TO MASTER EQUIPMENT LEASE AGREEMENT NO. 0135
THIS AMENDMENT NO. 1 TO MASTER EQUIPMENT LEASE AGREEMENT NO. 0135 ("Amendment")
is dated as of April 3, 1998, by and between SEQUENOM, INC. ("Lessee") and
PHOENIX LEASING INCORPORATED ("Lessor").
RECITALS
--------
WHEREAS, Lessee and Lessor entered into that certain Master Equipment Lease
Agreement No. 0135, dated as of February 5, 1998 (the "Lease"), pursuant to
which Lessee is leasing or intends to lease equipment with an aggregate purchase
price of $1,500,000 (the "Initial Commitment");
WHEREAS, Lessee has requested that Lessor increase dollar limit on Soft Costs
which Lessor is willing to lease to Lessee under the Lease to 30% of the
utilized line, (such increase hereinafter referred to as the "Additional
Commitment");
WHEREAS, Lessor is willing to provide for such increase, on the terms set forth
herein and Lessee is willing to agree to such terms; and
WHEREAS, Lessee and Lessor now desire to amend the Lease to provide for the
increase in Soft Cost Financing, and as otherwise provided in this Amendment;
NOW, THEREFORE, IT IS AGREED THAT:
1. Definitions. Unless otherwise indicated, words and terms which are defined
------------
in the Lease shall have the same meaning where used herein. Upon execution of
this Amendment, (i) the term "Lease" shall be deemed to include this Amendment.
2. Amendments. The Lease is hereby amended as follows:
----------
(a) Section 3(a) is amended by deleting reference to 15% and inserting
reference to 30% in lieu thereof.
(b) A second and third paragraph is added to Section 3 as follows:
(c) Specific Terms - Soft Costs. Lessee and Lessor agree that if, on
---------------------------
February 12, 1999, the amount funded allocable to Soft Costs exceeds twenty
percent (20%) of the Commitment utilized as of such expiration date, then, at
Lessor's option, Lessee shall pay to Lessor a cash amount equal to such excess
("Excess Payment"). Lessee agrees to pay the Excess Payment to Lessor within
thirty (30) days of Lessor's invoice to be held and applied by Lessor in
accordance with the following paragraph.
Provided (a) no Event of Default under the Lease has occurred or is
continuing, (b) Lessor is satisfied that Lessee has theretofore continuously
performed according to its Business Plan and (c) Lessor has timely received from
Lessee all Monthly Rental Payments, (as defined in the Schedule) then Lessor
shall apply any Excess Payment to Lessee's End of Lease Position requirement
described in the Schedule by applying the Excess Payment pro rata under
18
each Schedule to Election No. 1, if Lessee elects Election No. 1, or pro rata to
Monthly Rental Payments due under the extension of each Schedule if Lessee
elects Election No. 2 in reverse order of maturities.
(c) Section 18(b) is amended by adding at the end thereof the following
sentence:
In addition to the foregoing remedies, Lessor may apply the Excess
Payment, as herein defined, (1) to compensate Lessor for losses or damages
sustained as a result of such Event of Default; and/or (2) to reimburse Lessor
for costs and expenses, including reasonable attorney's fees, incurred by Lessor
in connection with such failure to perform, whether or not litigation or other
judicial proceedings are commenced. Any surplus remaining thereafter shall be
retained by Lessor as security hereunder.
3. Representations and Warranties. Lessee hereby reconfirms as of the date
------------------------------
hereof, its representations and warranties set forth in Section 5 of the Lease.
4. Continued Validity of Lease. Except as amended by this Amendment, the
---------------------------
Lease shall continue in full force and effect as originally constituted and is
ratified and affirmed by the parties hereto. Such Amendment shall not amend or
otherwise affect any of the Schedules executed and delivered by Lessee prior to
the date hereof.
5. Authorization. Each party represents to the other that the individual
-------------
executing this Amendment on its behalf is the duly appointed signatory of such
party to this Amendment and that such individual is authorized to execute this
Amendment by or on behalf of such party and to take all action required by the
terms of this Amendment.
6. When Amendment is Effective. This Amendment shall be binding and deemed
---------------------------
effective when executed by Lessee and accepted and executed by Lessor. Upon
such effectiveness this Amendment shall be deemed to have amended the Lease as
provided herein.
7. Captions. Section headings and numbers have been set forth herein for
--------
convenience only. Unless the contrary is compelled by the context, everything
contained in each section applies equally to this entire Amendment.
8. No Novation. This Amendment is not intended to be, and shall not be
-----------
construed to create, a novation or accord and satisfaction and, except as
otherwise provided herein, the Lease shall remain in full force and effect.
9. Severability. Each provision of this Amendment shall be severable from
------------
every other provision of this Amendment for the purpose of determining the legal
enforceability of any specific provision.
10. Entire Agreement. The Lease as amended by this Amendment constitutes the
----------------
entire agreement between Lessee and Lessor with respect to the subject matter
hereof and supersedes all prior and contemporaneous negotiations,
communications, discussions and agreements
19
concerning such subject matter. Lessee acknowledges and agrees that Lessor has
not made any representation, warranty or covenant in connection with this
Amendment.
11. Conflicts. In the event of any conflict between the terms of this
---------
Amendment and terms of the Master Equipment Lease Agreement No. 0135, the terms
of this Amendment shall prevail.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first set forth above.
--------------------------------------------------------------------------------
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------- -------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxx Zanziboni
----------------------------- ---------------------
Title: Contract Administrator Title: VP Finance
---------------------------- ----------------------------
--------------------------------------------------------------------------------
20
PHOENIX GROWTH Xxxxxx X. Xxxxxxxx
CAPITAL CORP. Vice President
A Phoenix American Company
[LOGO]
--------------------------------------------------------------------------------
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000-0000
(000) 000-0000
(000) 000-0000 FAX
xxxxxxxxxx@xxx.xxx
October 22, 1998
Xx. Xxxxx Xxxxxxxx
Vice President, Finance & Administration
Sequenom Inc.
I i555 Xxxxxxxx Xxxxxx Xxxx
Xxx Xxxxx, XX 00000
Dear Xxxxx:
We are pleased to provide this commitment for an extension of your equipment
lease line under the following terms and conditions.
FACILITY
--------
Finance Lease
PARTIES TO THE TRANSACTION
--------------------------
1. Lessee: Sequenom Inc.
------
2. Lessor: Phoenix Growth Capital Corp. (PGCC), its Affiliates or
------
Assigns.
EQUIPMENT
---------
1. Total Cost: $600,000 additional, for a total of up to $2,100,000
----------
2. Equipment Description: Laboratory and manufacturing equipment for
---------------------
automated process line per list provided. Up to 20% of the utilized
line may be used for soft cost items, defined as exclusions below.
a. Exclusions: Custom use equipment, installation and delivery
----------
costs, purchase tax. tooling, software, tenant improvements off-
premises equipment and items generally considered fungible or
expendable.
b. Used Equipment: Lessor will provide lease financing for
--------------
acceptable used equipment. Equipment purchased by Lessee prior
to 180 days before completion of lease documentation is subject
to adequate depreciation allowances.
Xx. Xxxxx Xxxxxxxx
October 22, 1998
Page 2
3. Deliveries: All equipment to be purchased by Lessor must be
----------
delivered, accepted and funded no later than August 31. 1999.
4. Equipment Location: Same as above.
------------------
TRANSACTION STRUCTURE
---------------------
The Lessor will purchase the equipment from the Lessee or the vendor (after
delivery) and simultaneously lease the equipment to the Lessee.
A finance lease document will evidence the agreement between the Lessor and
Lessee. It is anticipated that the lease will be a Master Lease with
schedules evidencing takedowns. All base Master Lease documentation must
be completed within four weeks of the date a commitment letter has been
signed by both parties.
LEASE INFORMATION
-----------------
1. Base Lease Term Commencement Date: The Base Lease Term will commence
---------------------------------
on the First of the month. If funding is other than the first of the
month, commencement date will be the first of the following month.
2. Base Lease Term(s): The Base Lease Term will be 42 months from the
------------------
Base Lease Term Commencement Date.
3. Delivery and Acceptance: All equipment delivered and placed in
-----------------------
service will be acknowledged and accepted by the Lessee per a written
Acceptance Notice.
4. Financial Closing Date(s): The equipment will be paid for by the
-------------------------
Lessor on a monthly basis in aggregate amounts not less than $25,000.
5. Interim Rent: An interim Lease term will run from the date each
------------
equipment schedule is funded by the Lessor until the Base Lease Term
Commencement Date.
6. Lease Rate Factor: 42 months at 2.72%, last payable in advance.
-----------------
7. End of Lease Position: At lease expiration, the Lessee will either
---------------------
(a) purchase the equipment for 25% or (b) renew the Lease for an
additional 12 months at 2.50% per month and then own the equipment for
payment of $1.00.
8. Soft Costs: Soft costs may be as much as 30% of the utilized line
----------
during the commitment period. If soft costs exceed 20% of the
utilized line at the end of the commitment period, or in the event of
a material adverse change in Lessee's performance to plan or business
condition, Lessee agrees to pay Lessor a single payment sufficient to
bring the percentage of soft costs to 20%. Such payment would be
applied to the end of lease payment first, and then to payments due
Xx. Xxxxx Xxxxxxxx
October 22, 1998
Page 3
under the Lease in reverse order. Alternatively, PGCC may at its
option extend the commitment period to provide Lessor with additional
time to take down equipment sufficient to restore the 20% proportion.
9. Adjust-A-Lease: Lessee may make additions to existing equipment or
--------------
replace existing equipment during the Lease term subject to credit and
equipment review and approval.
10. Casualty values (Stipulated Loss Values): In the event the equipment
----------------------------------------
is destroyed or otherwise rendered permanently unfit for service, and
is not repaired or replaced by Lessee or its insurance carrier, the
Lessee will pay a Casualty Value. The Casualty Values will be
calculated at the outset of the transaction and will dictate the
amount of the Lessee's casualty insurance coverage.
OTHER CONSIDERATIONS
--------------------
1. Net Lease: The lease will be net to the Lessor. Lessee will be
---------
responsible for all expenses in connection with the equipment,
including taxes (except taxes based on the income of the Lessor),
franchise taxes, charges in lieu of taxes, assessments, insurance
premiums, all costs of operations, repair, maintenance and rebuilding,
and all of the charges related to the equipment or its operation.
2. Transaction Expense: Each party shall bear its own expenses,
-------------------
including fees and expenses of counsel and accountants, incurred in
connection with the documentation and preparation of this lease
transaction, except UCC, equipment identification and appraisal costs,
which will be bore by Lessee. However, if this transaction is not
funded because Lessee (a) fails to execute final documents with
Lessor, (b) chooses not to use the committed lease amounts, or (c)
sustains a material adverse change in its financial condition, Lessor
shall retain the commitment fee as compensation for expenses.
3. Stock Warrants: None.
--------------
4. Additional Collateral or Technology/Patent Lien: None
-----------------------------------------------
5. Negative Restrictive Covenants: None
------------------------------
6. Commitment Fee: Lessee has paid to Lessor a commitment fee of $2,500.
--------------
The fee shall be applied by Lessor first to reimburse any Transaction
Expenses shown above and then proportionally to the first payment due
for each schedule hereunder.
7. Financial Information: Lessee must provide interim financial
---------------------
information (balance sheet, income statement, funds flow and changes
to projections) when available monthly after a commitment letter has
been signed by both parties.
Xx. Xxxxx Xxxxxxxx
October 22, 1998
Page 4
8. Conditions Precedent: No material adverse performance to plan.
--------------------
PGCC's "exposure", defined as amounts funded less payments received,
not to exceed $2,000,000 at any point in time.
If you are in agreement with the foregoing, please sign and date one copy of
this commitment letter and return it to my attention by FAX at 000-000-0000.
Thank you.
Sincerely, Acknowledge and Agreed to:
By: /s/ Xxxxxxx Xxxxxxxx
------------------------
/s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx Its: VP Finance
Vice President ------------------------
Date: 11/16/98
----------------------
SCHEDULE
--------
Schedule No. 01 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
------------------ ----- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $219,994.40 $5,983.85
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
-------- ------
1
Schedule No. 01 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------- ----------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--- -- ----- -------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
-------- -- -
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
-------- -- -
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /S/ (ILLEGIBLE) By: /S/ XXXXXXX XXXXXXXX
-------------------------------- --------------------------------
Name: (ILLEGIBLE) Name (Print): XXXXXXX XXXXXXXX
------------------------------ ----------------------
Title: (ILLEGIBLE) Title: VP FINANCE
----------------------------- -----------------------------
Date: 2/26/98 Date: 2/12/98
------------------------------ ------------------------------
2
ATTACHMENT TO EQUIPMENT SCHEDULE NO. 01
CASUALTY VALUE
Month of % of Original Equipment Month of % of Original Equipment
Lease Term Purchase Price Lease Term Purchase Price
----- ---- -------- ----- ----- ---- -------- -----
1 125.00 22 73.78
2 122.56 23 71.34
3 120.12 24 68.90
4 117.68 25 66.46
5 115.24 26 64.02
6 112.80 27 61.59
7 110.37 28 59.15
8 107.93 29 56.71
9 105.49 30 54.27
10 103.05 31 51.83
11 100.61 32 49.39
12 98.17 33 46.95
13 95.73 34 44.51
14 93.29 35 42.07
15 90.85 36 39.63
16 88.41 37 37.20
17 85.98 38 34.76
18 83.54 39 32.32
19 81.10 40 29.88
20 78.66 41 27.44
21 76.22 42 25.00
Thereafter 25.00
Lessor's Lessee's
Initials (ILLEGIBLE) Initials (ILLEGIBLE)
----------- -----------
ACCEPTANCE NOTICE
SCHEDULE NO. 01
Reference is made to the Master Equipment Lease dated as of February 5, 1998
between PHOENIX LEASING INCORPORATED as Lessor and SEQUENOM, INC. as Lessee (the
"Lease").
Lessee confirms that the following Equipment has been received, installed and is
ready for use by Lessee. The Equipment is satisfactory in all respects for the
purposes of this Lease as of the date Lessee executes this Notice below.
Description of Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
------------------ ----- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $219,994.40 $5,983.85
THE LEASE MAY NOT BE CHANGED, ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN
WRITING SIGNED BY AN OFFICER OF LESSOR AND A DULY AUTHORIZED REPRESENTATIVE OF
LESSEE.
IN WITNESS WHEREOF, Lessee has executed this Acceptance Notice as of February
25, 1998.
SEQUENOM, INC.
By: /S/ XXXXXXX XXXXXXXX
-------------------------------
Name: XXXXXXX XXXXXXXX
-----------------------------
Title: VP FINANCE
----------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
---------------------
00000 XXXXXXXX XXXXXX XX.
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 01
-------- -------
--------------------------------------------------------------------------------------------------------------------------------
Invoiced
Vendor Name Invoice Brief Description Eqp Amt Net of Amt Paid Tax Pd
(abbreviation OK) No. of Item Code Serial Number LOC Sales Tax by Lessee (______)
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Instrmts 331062FT01 Pipellor Ensemble 2 304017APS 1 46,360.50 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight & Insurance 27 1 696.16 N
--------------------------------------------------------------------------------------------------------------------------------
331062FT02 Dsposble Tip Wash Sys. 2 90006 1 5,500.00 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight & Insurance 27 1 142.68 N
--------------------------------------------------------------------------------------------------------------------------------
MJ Research, Inc. 43466 PTC-0225 Tefrad Chssis 26 TD002536 2 14,245.25 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 ALO13185/ 2 3,955.60 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0361 2 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL01402B 2 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0361 2 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL014038/ 2 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0371 2 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL014041/ 2 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0340 2 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 2 105.00 N
--------------------------------------------------------------------------------------------------------------------------------
43377 PTC-0225 Tetra Chssis 2 TD002426 1 14,245.25 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 ALO14021/ 1 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0369 1 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 ALO14023/ 1 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0369 1 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 ALO14025/ 1 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0359 1 N
--------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 ALO14030/ 1 3,955.50 N
--------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0358 1 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
freight 27 1 122.00 N
--------------------------------------------------------------------------------------------------------------------------------
PE Biosystems 90056171 DNA SYS 4 COL/8BASE 2 394- 1 37,000.00 N
--------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
No entry required
-------------------------------------
Vendor Name Invoice Check Transact Net $ Amt Net $ Amt.
(abbreviation OK) No. No. Date Due Lessee Due Vendor
---------------------------------------------------------------------------------------------------------
Xxxxxxx Instrmts 331062FT01 $0.00 $46,360.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 696.16 N
---------------------------------------------------------------------------------------------------------
331062FT02 $0.00 $ 5,580.00 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 142.68 #N/A
---------------------------------------------------------------------------------------------------------
MJ Research, Inc. 43466 $0.00 $14,245.25 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 105.00 N
---------------------------------------------------------------------------------------------------------
43377 $0.00 $14,245.25 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
---------------------------------------------------------------------------------------------------------
$0.00 $ 0.00
---------------------------------------------------------------------------------------------------------
$0.00 $ 122.00 N
---------------------------------------------------------------------------------------------------------
PE Biosystems 90056171 $0.00 $37,000.00 N
---------------------------------------------------------------------------------------------------------
Page 1 of 3
Property of Phoenix Leasing Incorporated
--------------------------------------------------------------------------------------------------------------------------------
& Kit 2 100000004J 1 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 286.38 N
--------------------------------------------------------------------------------------------------------------------------------
Micron 1534719 Cmplr ATO Model BOM 1 1088241-0001 1 2,597.00 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 99.00 N
--------------------------------------------------------------------------------------------------------------------------------
Necx 560093N Visual C++ V5.0 Pro 24 59819-811- 1 429.95 N
--------------------------------------------------------------------------------------------------------------------------------
95/NT CD 2 2088451- 1 N
--------------------------------------------------------------------------------------------------------------------------------
2 85206 1 N
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 3.95 N
--------------------------------------------------------------------------------------------------------------------------------
564237N Deskjet 890CXI PC 600 1 US77Q120DX 1 424.95 N
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 12.91 N
--------------------------------------------------------------------------------------------------------------------------------
Micron 1591926 Cmplr Laptop System 1 1110980-0001 1 3,467.00 N
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 47.68 N
--------------------------------------------------------------------------------------------------------------------------------
1416281 Cmplr ATO Model BOM 1 1032255/0001 1 3,647.00 3,647.00 Y 2105 11/25/97
--------------------------------------------------------------------------------------------------------------------------------
Cmplr ATO Model BOM 1 1033255/0002 1 3,647.00 3,647.00 Y 2105 11/25/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 258.00 258.00 Y 2105 11/25/97
--------------------------------------------------------------------------------------------------------------------------------
Necx 517431 LifeBook 735 clx 133 1 1 1,879.95 1.879.95 N 2128 11/30/97
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 15.75 15.75 N 2128 11/30/97
--------------------------------------------------------------------------------------------------------------------------------
Micron 1477538 Cmptr ATO Model BOM 1 1058058-001 1 2,067.00 2,067.00 Y 2157 12/20/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 119.00 119.00 Y 2157 12/20/97
--------------------------------------------------------------------------------------------------------------------------------
1513020 Cmptr ATO Model BOM 1 1076930-0001 1 3,547.00 3,547.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 119.00 119.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
1513022 Cmptr ATO Model BOM 1 1076996-0001 1 3,836.00 3,836.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 0.00 0.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
1515296 Cmptr ATO Model BOM 1 1076945-0001 1 2,438.00 2,438.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 99.00 99.00 Y 2216 12/29/97
--------------------------------------------------------------------------------------------------------------------------------
Necx 540370 LifePro 720 LCD Prjctr 17 AG7483316 1 5,699.95 5,699.95 N 2229 12/30/97
--------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 14.95 14.95 N 2229 12/30/97
--------------------------------------------------------------------------------------------------------------------------------
Oracle 918340 Oracle for Window NT 24 A54496-01 1 1,327.50 1,327.50 Y 2069 11/13/97
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Biorad 75441 Chem Window 24 UEW1019188 1 599.00 599.00 Y 2044 11/10/97
--------------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 286.38 N
---------------------------------------------------------------
Micron 1534719 $ 0.00 $2,597.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00
---------------------------------------------------------------
$ 0.00 $ 99.00 N
---------------------------------------------------------------
Necx 560093N $ 0.00 $ 429.95 N
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 3.95 N
---------------------------------------------------------------
564237N $ 0.00 $ 424.95 N
---------------------------------------------------------------
$ 0.00 $ 12.91 N
---------------------------------------------------------------
Micron 1591926 $ 0.00 $3,467.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
---------------------------------------------------------------
$ 0.00 $ 47.68 N
---------------------------------------------------------------
1416281 $3,647.00 $ 0.00 N
---------------------------------------------------------------
$3,647.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 258.00 $ 0.00 N
---------------------------------------------------------------
Necx 517431 $1,879.95 $ 0.00 N
---------------------------------------------------------------
$ 15.75 $ 0.00 N
---------------------------------------------------------------
Micron 1477538 $2,067.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
---------------------------------------------------------------
$ 119.00 $ 0.00 N
---------------------------------------------------------------
1513020 $3,547.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 119.00 $ 0.00 N
---------------------------------------------------------------
1513022 $3,836.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
1515296 $2,438.00 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 N
---------------------------------------------------------------
$ 99.00 $ 0.00 N
---------------------------------------------------------------
Necx 540370 $5,699.95 $ 0.00 N
---------------------------------------------------------------
$ 14.95 $ 0.00 N
---------------------------------------------------------------
Oracle 918340 $1,327.50 $ 0.00 N
---------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
---------------------------------------------------------------
Xxxxxx 00000 $ 599.00 $ 0.00 N
---------------------------------------------------------------
Page 2 of 3
Property of Phoenix Leasing Incorporation
------------------------------------------------------------------------------------------------------------------------------------
Chem Window 24 UEW1019175 1 999.00 999.00 Y 2044 11/10/97 $ 999.00
------------------------------------------------------------------------------------------------------------------------------------
24 SUITES 1 Y 2044 11/10/97 $ 0.00
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 10.00 10.00 Y 2044 11/10/97 $ 10.00
------------------------------------------------------------------------------------------------------------------------------------
Necx Credit Card Either Adpt. 24 ? 1 127.95 127.95 N 2148 12/5/97 $ 127.95
------------------------------------------------------------------------------------------------------------------------------------
Visual C++ V5.0 Pro 24 59819-809 1 429.95 429.95 N 2158 12/10/97 $ 429.95
------------------------------------------------------------------------------------------------------------------------------------
95/NT CD 24 2464685 1 N 2158 12/10/97 $ 0.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 3.95 3.95 N 2158 12/10/97 $ 3.95
------------------------------------------------------------------------------------------------------------------------------------
541316N Visual Basic V5.0 Pro 00 000-000-000 1 429.95 429.95 N 2242 12/31/97 $ 429.95
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 5.95 5.95 N 2242 12/31/97 $ 5.95
------------------------------------------------------------------------------------------------------------------------------------
Isec 97093022 Fume Hood 2 016070690 1 8,100.00 8,100.00 Y VAR 1/8/98 $8,100.00
------------------------------------------------------------------------------------------------------------------------------------
Fume Hood 2 016070691 1 8,100.00 8,100.00 Y VAR 1/8/89 $8,100.00
------------------------------------------------------------------------------------------------------------------------------------
Solvent Cabinets 2 1 2,148.00 2,148.00 Y VAR 1/8/98 $2,148.00
------------------------------------------------------------------------------------------------------------------------------------
Fume Hood Prepping 2 1 700.00 700.00 Y VAR 1/8/98 $ 700.00
------------------------------------------------------------------------------------------------------------------------------------
$ 0.00
------------------------------------------------------------------------------------------------------------------------------------
Uniequip 978092 Concentrator Cntrfuge 2 976034714 1 3,140.00 3,140.00 N Wire 10/20/97 $3,140.00
------------------------------------------------------------------------------------------------------------------------------------
Aspstor Vacuum Pump 2 976034838 1 3,370.00 3,370.00 N Wire 10/20/97 $3,370.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 308.74 308.74 N Wire 10/20/97 $ 308.74
------------------------------------------------------------------------------------------------------------------------------------
MJ Research, inc. 42107 ALD-1233 Dual Alpha 2 AL012491 1 2,370.25 2,370.25 Y 2106 11/25/97 $2,370.25
------------------------------------------------------------------------------------------------------------------------------------
$ 0.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 16.00 16.00 Y 2106 11/25/97 $ 16.00
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Vacuum 268868 PKR250 Guage 40KF 2 2416V015 1 653.90 653.90 Y 2219 12/29/97 $ 653.90
------------------------------------------------------------------------------------------------------------------------------------
$ 0.00
------------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 12.00 12.00 Y 2219 12/29/97 $ 12.00
------------------------------------------------------------------------------------------------------------------------------------
Simco Products 0014780-IN HP 450C Inkjet Printer 1 ESA7905454 1 1,795.00 1,795.00 Y 2234 12/30/97 $1,795.00
------------------------------------------------------------------------------------------------------------------------------------
Roll Feed D 1 1 225.00 225.00 Y 2234 12/30/97 $ 225.00
------------------------------------------------------------------------------------------------------------------------------------
D Size Legs 1 1 225.00 225.00 Y 2234 12/30/97 $ 225.00
------------------------------------------------------------------------------------------------------------------------------------
$ 0.00
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------
Chem Window $ 0.00 N
---------------------------------------------------------------------------------------
$ 0.00 N
---------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------
Freight $ 0.00 #N/A
---------------------------------------------------------------------------------------
Necx Credit Card Either Adpt. $ 0.00 N
---------------------------------------------------------------------------------------
Visual C++ V5.0 Pro $ 0.00 N
---------------------------------------------------------------------------------------
95/NT CD $ 0.00 N
---------------------------------------------------------------------------------------
Freight $ 0.00 N
---------------------------------------------------------------------------------------
541316N Visual Basic V5.0 Pro $ 0.00 N
---------------------------------------------------------------------------------------
Freight $ 0.00 N
---------------------------------------------------------------------------------------
Isec 97093022 Fume Hood $ 0.00 N
---------------------------------------------------------------------------------------
Fume Hood $ 0.00 N
---------------------------------------------------------------------------------------
Solvent Cabinets $ 0.00 N
---------------------------------------------------------------------------------------
Fume Hood Prepping $ 0.00 N
---------------------------------------------------------------------------------------
$ 0.00 #N/A
---------------------------------------------------------------------------------------
Uniequip 978092 Concentrator Cntrfuge $ 0.00 N
---------------------------------------------------------------------------------------
Aspstor Vacuum Pump $ 0.00 N
---------------------------------------------------------------------------------------
Freight $ 0.00 N
---------------------------------------------------------------------------------------
MJ Research, inc. 42107 ALD-1233 Dual Alpha $ 0.00 N
---------------------------------------------------------------------------------------
$ 0.00 #N/A
---------------------------------------------------------------------------------------
Freight $ 0.00 N
---------------------------------------------------------------------------------------
Xxxxxxxx Vacuum 268868 PKR250 Guage 40KF $ 0.00 N
---------------------------------------------------------------------------------------
$ 0.00 #N/A
---------------------------------------------------------------------------------------
Freight $ 0.00 N
---------------------------------------------------------------------------------------
Simco Products 0014780-IN HP 450C Inkjet Printer $ 0.00 N
---------------------------------------------------------------------------------------
Roll Feed D $ 0.00 N
---------------------------------------------------------------------------------------
D Size Legs $ 0.00 N
---------------------------------------------------------------------------------------
$ 0.00 #N/A
---------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $ 62,484.74
---------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO VENDOR $157,509.66
------------------------------
TOTAL DRAW $219,994.40
------------------------------
Lessee Signature: __________________________ Date: _____________________
Page 3 of 3
Property of Phoenix Leasing Incorporated
SALE LEASEBACK ADDENDUM
to Schedule No. 01
of MASTER EQUIPMENT LEASE
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
This Addendum to Master Equipment Lease is made and entered into as of February
25, 1998 between PHOENIX LEASING INCORPORATED ("Lessor") and SEQUENOM, INC.
("Lessee").
Notwithstanding anything to the contrary contained in the Lease referenced
above, Lessor and Lessee agree as follows:
1. Lessee shall sell the Equipment to and lease the Equipment from Lessor and
Lessor shall purchase the Equipment from and lease the Equipment to Lessee
upon the terms and conditions of the Xxxx of Sale attached hereto as
Attachment 1.
2. Lessee represents and warrants that:
(a) Lessee has the right to sell the Equipment as set forth herein,
(b) the Equipment and Lessee's right, title and interest in such Equipment
is, as of the date of the Xxxx of Sale, free from all claims, liens,
security interests and encumbrances,
(c) Lessee will defend the sale against lawful claims and demands of all
persons, and
(d) the purchase price of the Equipment is equal to the fair market value
of such Equipment at the time of sale.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxxxxx (Illegible) By: /s/ Xxxxxxx Xxxxxxxx
Name: /s/ Xxxxxxx (Illegible) Name: (Print): Xxxxxxx Xxxxxxxx
Title: Contract Administrator Title: VP Finance
OFFICER'S CERTIFICATE
---------------------
The undersigned, Xxxxxxx Xxxxxxxx, hereby certifies that:
i) I am the Treasurer/Chief Financial Officer of SEQUENOM, INC., a Delaware
corporation;
ii) as such officer, I am familiar with the terms and conditions of that
certain Master Equipment Lease (the "Lease") dated as of February 5, 1998
between SEQUENOM, INC. ("Lessee") and PHOENIX LEASING INCORPORATED
("Lessor");
iii) this certificate is delivered in connection with the leasing of certain
equipment under a Schedule with Lessor, the equipment is described in the
Schedule and the equipment is free and clear from any and all liens,
charges, security interests or other encumbrances which may affect Lessor's
right, title or interest in and to the equipment;
iv) there has been no material adverse change in the financial condition of
Lessee from the date of its most recent financial statements, true copies
of which have been delivered to Lessor; and
v) no event which, with the giving of notice or passage of time, or both,
could become an Event of Default under the Lease has occurred and is
continuing.
vi) Lessee if performing according to Lessee's business plan described in
Section 3 of the Lease, a true copy of which business plan has been
delivered to Lessor;
vii) the representations and warranties in Section 5 of the Lease are true and
correct as of the date hereof.
IN WITNESS WHEREOF, I hereby execute this certificate on this 19 day of
February, 1998.
/s/ Xxxxxxx Xxxxxxxx
---------------------------------
ATTACHMENT 1
XXXX OF SALE
For valuable consideration SEQUENOM, INC. ("Seller") sells to PHOENIX LEASING
INCORPORATED ("Buyer"), the property listed on Exhibit A hereof (the
"Equipment").
Seller covenants and warrants that:
(1) It is the owner of, and has absolute title to, the Equipment which is free
and clear of all claims, liens and encumbrances.
(2) It has not made any prior sale, assignment, or transfer of the Equipment.
(3) It has the present right, power, and authority to sell the Equipment to
Buyer.
(4) All action has been taken which is required to make this Xxxx of Sale a
legal, valid and binding obligation of Seller.
Seller shall forever warrant and defend the sale of Equipment to Buyer, its
successors and assigns, against any person claiming an interest in the
Equipment.
This Xxxx of Sale is binding on the successors and assigns of Seller and inures
to the benefit of the successors and assigns of Buyer.
Executed on 2/12, 1998.
SEQUENOM, INC.
By: /s/ Xxxxxxx Xxxxxxxx
------------------------------
Name (Print): Xxxxxxx Xxxxxxxx
--------------------
Title: VP Finance
----------------------------
SCHEDULE
--------
Schedule No. 02 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
--------------------- ----- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $42,319.65 $1,151.09
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after
the "Rent Start Date."
Rent Start Date: This shall be the first day of the month following the
month during which the Base Term commences; provided,
however, that if the Equipment is accepted on the first day
of the month, the Rent Start Date shall commence on the
same day that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2)
an amount equal to 1/30th of the monthly rental amount
using a rate of 2.72% multiplied by the number of days, if
any, between (and including) the date the Base Term
commences and (but not including) the Rent Start Date,
except that, if the date of the Acceptance Notice related
to this Schedule is dated on or after the 20th of the
month, this amount shall not be included in the Base Rent
Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000Xxxxxxxx Xxxxxx Xxxx X.X. Xxx 000000
Xxx Xxxxx, XX 00000 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Xxxxxxxxxxxxxx
0
Xxxxxxxx Xx. 00 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease Position
for all, but not less than all, of the Equipment under all Schedules to the
Lease. Lessee shall provide written notice of its election to Lessor at least 90
days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxxxx Xxxxxxxx By: /s/ Xxxxx Xxxxxxxx
---------------------------- -----------------------------
Name: Xxxxxx Xxxxxxxx Name (Print): Xxxxx Xxxxxxxx
-------------------------- ----------------------------
Title: Illegible Title: VP Finance
------------------------- --------------------------
Date: 3-20-98 Date: 3-12-99
-------------------------- ---------------------------
2
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
--------------------
Master Contract: 0135 Schedule: 02
------- -----
----------------------------------------------------------------------------------------------------------------------------------
Vendor Name L Invoiced
(abbreviation Invoice Brief Description Eqp Serial O Amt Net of
OK) No. of Item Code Number C Sales Tax
----------------------------------------------------------------------------------------------------------------------------------
Akcron 1663080 Micron Computer ATO 1 2,969.00
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 99.00
----------------------------------------------------------------------------------------------------------------------------------
MMP Speakers 1 230.10
----------------------------------------------------------------------------------------------------------------------------------
NECX 576898 Windows NT V4.0 24 274.95
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 5.95
----------------------------------------------------------------------------------------------------------------------------------
576547 32 mb kit for Deli Lar. 1 107.95
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 3.95
----------------------------------------------------------------------------------------------------------------------------------
581342 Windows 95 intrnt explr 24 176.95
----------------------------------------------------------------------------------------------------------------------------------
freight 27 5.95
----------------------------------------------------------------------------------------------------------------------------------
573464 Laseerjet 5Sinx 600 dpi 1 2,629.95
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 69.90
----------------------------------------------------------------------------------------------------------------------------------
Business 24994A Toshiba 2860 Copier 5 8,490.00
----------------------------------------------------------------------------------------------------------------------------------
Copy Board 5 3,800.00
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Scientific 805749 hematolgy Chem. 2 395.27
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 4.36
----------------------------------------------------------------------------------------------------------------------------------
499288 pipette series 2100 2 171.24
----------------------------------------------------------------------------------------------------------------------------------
716854 pipette sis 2100 2 171.24
----------------------------------------------------------------------------------------------------------------------------------
pipette series 2100 2- 2 quantity of 3 513.72
----------------------------------------------------------------------------------------------------------------------------------
Locator 8w/lvl monitor 2 2,455.39
----------------------------------------------------------------------------------------------------------------------------------
761614 Inverted Microscope 2 3,142.86
----------------------------------------------------------------------------------------------------------------------------------
pipette series 2100 0.1 2 741.56
----------------------------------------------------------------------------------------------------------------------------------
626713 purif-4cl II w/uv li/sfx 2 5,882.02
----------------------------------------------------------------------------------------------------------------------------------
delivery 27 80.00
----------------------------------------------------------------------------------------------------------------------------------
649937 incubator co2 single ir 2 3,896.63
----------------------------------------------------------------------------------------------------------------------------------
display for 2 396.00
----------------------------------------------------------------------------------------------------------------------------------
Freight 27 120.00
----------------------------------------------------------------------------------------------------------------------------------
604650 Eppendorf cent. md. 2 5,485.71
Lessee: SEQUENOM, INC.
--------------------
Master Contract: 0135 Schedule: 02
------- -----
----------------------------------------------------------------------------------------------------------------------------------
No entry required
Vendor Name Invoice Amt Paid by Tax Pd ----------------------------------------
(abbreviation No. Lesseee Vendor? Check Transac Net $ Amt Net $ Amt.
OK) (Y/N) No. (Date Due Lessee Due Vendor
----------------------------------------------------------------------------------------------------------------------------------
Akcron 1663080 $0.00 $ 2,969.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 99.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 230.10 #N/A
----------------------------------------------------------------------------------------------------------------------------------
NECX 576898 $0.00 $ 274.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 5.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
576547 $0.00 $ 107.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 3.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
581342 $0.00 $ 176.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 5.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
573464 $0.00 $ 2,629.95 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 69.90 #N/A
----------------------------------------------------------------------------------------------------------------------------------
Business 24994A $0.00 $ 8,490.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 3,800.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Scientific 805749 $0.00 $ 395.27 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 4.36 #N/A
----------------------------------------------------------------------------------------------------------------------------------
499288 $0.00 $ 171.24 #N/A
----------------------------------------------------------------------------------------------------------------------------------
716854 $0.00 $ 171.24 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 513.72 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 2,455.39 #N/A
----------------------------------------------------------------------------------------------------------------------------------
761614 $0.00 $ 3,142.86 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 741.56 #N/A
----------------------------------------------------------------------------------------------------------------------------------
626713 $0.00 $ 5,882.02 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 80.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
649937 $0.00 $ 3,896.63 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 396.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
$0.00 $ 120.00 #N/A
----------------------------------------------------------------------------------------------------------------------------------
604650 $0.00 $ 5,485.71 #N/A
----------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $0.00
----------------------------------------------
TOTAL AMOUNT DUE TO VENDOR $42,319.65
------------------------------
TOTAL DRAW $42,319.65
------------------------------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: 3/16/99
--------------------- -----------
Page 1 of __
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
----------------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 01
------ -------
---------------------------------------------------------------------------------------------------------------------------------
Invoiced Amt Tax Pd
Vendor Name Invoice Brief Description Eqp Serial Net of Amt Paid Vendor Check
(abbreviation OK) No. of Item Code Number LOC Sales Tax by Lessee (Y/N) No.
---------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Instrmts 331062FT01 Pipettor Ensemble 2 304017APS 1 46,360.50 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight & Insurance 27 1 696.16 N
---------------------------------------------------------------------------------------------------------------------------------
331062FT02 Dsposble Tip Wash Sys. 2 90006 1 5,580.00 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight & Insurance 27 1 142.68 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
MJ Research, inc. 43466 PTC-0225 Tetrad Chssis 26 TD002536 2 14,245.25 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL013185/ 2 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0361 2 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL014028/ 2 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0354 2 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL014037/ 2 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0371 2 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 26 AL014041/ 2 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 26 PB0340 2 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 2 105.00 N
---------------------------------------------------------------------------------------------------------------------------------
43377 FTC-0225 Tetrad Chssis 2 TD002426 1 14,245.25 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 AL014021/ 1 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0369 1 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 AL014023/ 1 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0370 1 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 AL014025/ 1 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0359 1 N
---------------------------------------------------------------------------------------------------------------------------------
ALP-1296 Alpha/Power 2 AL014030/ 1 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
Bonnet 200/225 2 PB0358 1 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 122.00 N
---------------------------------------------------------------------------------------------------------------------------------
PE Biosystems 90056171 DNA SYN 4 COL/8BASE 2 394- 1 37,000.00 N
---------------------------------------------------------------------------------------------------------------------------------
& Kit 2 100000004J 1 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 286.38 N
---------------------------------------------------------------------------------------------------------------------------------
Micron 1534719 Cmptr ATO Model BOM 1 1088241-0001 1 2,597.00 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 99.00 N
---------------------------------------------------------------------------------------------------------------------------------
Necx 560093N Visual C++ V5.0 Pro 24 59819-811- 1 429.95 N
---------------------------------------------------------------------------------------------------------------------------------
95/NT CD 2 2088451- 1 N
---------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
No entry required
---------------------------------
Vendor Name Invoice Transact Net $ Amt Net $ Amt.
(abbreviation OK) No. Date Due Lessee Due Vendor
-------------------------------------------------------------------------------------
Xxxxxxx Instrmts 331062FT01 $0.00 $46,360.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 696.16 N
-------------------------------------------------------------------------------------
331062FT02 $0.00 $ 5,580.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 142.68 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
MJ Research, inc. 43466 $0.00 $14,245.25 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 105.00 N
-------------------------------------------------------------------------------------
43377 $0.00 $14,245.25 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 3,955.50 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 122.00 N
-------------------------------------------------------------------------------------
PE Biosystems 90056171 $0.00 $37,000.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 286.38 N
-------------------------------------------------------------------------------------
Micron 1534719 $0.00 $ 2,597.00 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$0.00 $ 99.00 N
-------------------------------------------------------------------------------------
Necx 560093N $0.00 $ 429.95 N
-------------------------------------------------------------------------------------
$0.00 $ 0.00 N
-------------------------------------------------------------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
---------------------------------------------------------------------------------------------------------------------------------
2 85206 1 N
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 3.95 N
---------------------------------------------------------------------------------------------------------------------------------
564237N Deskjet 890CXI PC 600 1 US77Q120DX 1 424.95 N
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 12.91 N
---------------------------------------------------------------------------------------------------------------------------------
Micron 1591926 Cmptr Laptop System 1 1110980-0001 1 3,467.00 N
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 47.68 N
---------------------------------------------------------------------------------------------------------------------------------
1416281 Cmptr ATO Model BOM 1 1032255/0001 1 3,647.00 3,647.00 Y 2105
---------------------------------------------------------------------------------------------------------------------------------
Cmptr ATO Model BOM 1 1033255/0002 1 3,647.00 3,647.00 Y 2105
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 258.00 258.00 Y 2105
---------------------------------------------------------------------------------------------------------------------------------
Necx 517431 LifeBook 735dx 133 1 1 1,879.95 1,879.95 N 2128
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 15.75 15.75 N 2128
---------------------------------------------------------------------------------------------------------------------------------
Micron 1477538 Cmptr ATO Model BOM 1 1058058-0001 1 2,067.00 2,067.00 Y 2157
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 119.00 119.00 Y 2157
---------------------------------------------------------------------------------------------------------------------------------
1513020 Cmptr ATO Model BOM 1 1076930-0001 1 3,547.00 3,547.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 119.00 119.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
1513022 Cmptr ATO Model BOM 1 1076996-0001 1 3,836.00 3,836.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 0.00 0.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
1515296 Cmptr ATO Model BOM 1 1076945-0001 1 2,438.00 2,438.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 99.00 99.00 Y 2216
---------------------------------------------------------------------------------------------------------------------------------
Necx 540370 LifePro 720 LCD Prjctor 17 4G7483316 1 5,699.95 5,699.95 N 2229
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 14.95 14.95 N 2229
---------------------------------------------------------------------------------------------------------------------------------
Oracle 918340 Oracle for Window NT 24 A54496-01 1 1,327.50 1,327.50 Y 2069
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Biorad 75441 Chem Window 24 UEW1019188 1 599.00 599.00 Y 2044
---------------------------------------------------------------------------------------------------------------------------------
Chem Windown 24 UEW1019175 1 999.00 999.00 Y 2044
---------------------------------------------------------------------------------------------------------------------------------
24 SUITES 1 Y 2044
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 10.00 10.00 Y 2044
---------------------------------------------------------------------------------------------------------------------------------
Necx 520474N Credit Card Ether Adpt. 24 ? 1 127.95 127.95 N 2148
---------------------------------------------------------------------------------------------------------------------------------
522742N Visual C++ V5.0 Pro 24 59819-809- 1 429.95 429.95 N 2158
---------------------------------------------------------------------------------------------------------------------------------
95/NT CD 24 2464685- 1 N 2158
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 3.95 3.95 N 2158
---------------------------------------------------------------------------------------------------------------------------------
541316N Visual Basic V5.0 Pro 00 000-000-000 1 429.95 429.95 N 2242
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 5.95 5.95 N 2242
---------------------------------------------------------------------------------------------------------------------------------
Isec 97093022 Fume Hood 2 016070690 1 8,100.00 8,100.00 Y VAR
---------------------------------------------------------------------------------------------------------------------------------
Fume Hood 2 016070691 1 8,100.00 8,100.00 Y VAR
---------------------------------------------------------------------------------------------------------------------------------
Solvent Cabinets 2 1 2,148.00 2,148.00 Y VAR
---------------------------------------------------------------------------------------------------------------------------------
FumeHood Prepiping 2 1 700.00 700.00 Y VAR
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Uniequip 976092 Concentrator Cntrfuge 2 976034714 1 3,140.00 3,140.00 N Wire
---------------------------------------------------------------------------------------------------------------------------------
Asprtor Vacuum Pump 2 976034838 1 3,370.00 3,370.00 N Wire
---------------------------------------------------------------------------------------------------------------------------------
Freight 27 1 308.74 308.74 N Wire
---------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 3.95 N
-------------------------------------------------------------------------------------
564237N $ 0.00 $ 424.95 N
-------------------------------------------------------------------------------------
$ 0.00 $ 12.91 N
-------------------------------------------------------------------------------------
Micron 1591926 $ 0.00 $ 3,467.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
$ 0.00 $ 47.68 N
-------------------------------------------------------------------------------------
1416281 11/25/97 $3,647.00 $ 0.00 N
-------------------------------------------------------------------------------------
11/25/97 $3,647.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
11/25/97 $ 258.00 $ 0.00 N
-------------------------------------------------------------------------------------
Necx 517431 11/30/97 $1,879.95 $ 0.00 N
-------------------------------------------------------------------------------------
11/30/97 $ 15.75 $ 0.00 N
-------------------------------------------------------------------------------------
Micron 1477538 12/20/97 $2,067.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
12/20/97 $ 119.00 $ 0.00 N
-------------------------------------------------------------------------------------
1513020 12/29/97 $3,547.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
12/29/97 $ 119.00 $ 0.00 N
-------------------------------------------------------------------------------------
1513022 12/29/97 $3,836.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
12/29/97 $ 0.00 $ 0.00 N
-------------------------------------------------------------------------------------
1515296 12/29/97 $2,438.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
12/29/97 $ 99.00 $ 0.00 N
-------------------------------------------------------------------------------------
Necx 540370 12/30/97 $5,699.95 $ 0.00 N
-------------------------------------------------------------------------------------
12/30/97 $ 14.95 $ 0.00 N
-------------------------------------------------------------------------------------
Oracle 918340 11/13/97 $1,327.50 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
Biorad 75441 11/10/97 $ 599.00 $ 0.00 N
-------------------------------------------------------------------------------------
11/10/97 $ 999.00 $ 0.00 N
-------------------------------------------------------------------------------------
11/10/97 $ 0.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
11/10/97 $ 10.00 $ 0.00 N
-------------------------------------------------------------------------------------
Necx 520474N 12/5/97 $ 127.95 $ 0.00 N
-------------------------------------------------------------------------------------
522742N 12/10/97 $ 429.95 $ 0.00 N
-------------------------------------------------------------------------------------
12/10/97 $ 0.00 $ 0.00 N
-------------------------------------------------------------------------------------
12/10/97 $ 3.95 $ 0.00 N
-------------------------------------------------------------------------------------
541316N 12/31/97 $ 429.95 $ 0.00 N
-------------------------------------------------------------------------------------
12/31/97 $ 5.95 $ 0.00 N
-------------------------------------------------------------------------------------
Isec 97093022 1/8/98 $8,100.00 $ 0.00 N
-------------------------------------------------------------------------------------
1/8/98 $8,100.00 $ 0.00 N
-------------------------------------------------------------------------------------
1/8/98 $2,148.00 $ 0.00 N
-------------------------------------------------------------------------------------
1/8/98 $ 700.00 $ 0.00 N
-------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
-------------------------------------------------------------------------------------
Uniequip 976092 10/20/97 $3,140.00 $ 0.00 N
-------------------------------------------------------------------------------------
10/20/97 $3,370.00 $ 0.00 N
-------------------------------------------------------------------------------------
10/20/97 $ 308.74 $ 0.00 N
-------------------------------------------------------------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
--------------------------------------------------------------------------------------------------------------------------
MJ Research, inc. 42107 ALD-1233 Dual Alpha 2 AL012491 1 2,370.25 2,370.25 Y
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
Freight 27 1 16.00 16.00 Y
--------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Vacuum 268868 PKR250 Guage 40KF 2 2416V015 1 653.90 653.90 Y
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
Freight 27 1 12.00 12.00 Y
--------------------------------------------------------------------------------------------------------------------------
Simco Products 0014780-IN HP 450C Inkjet Printer 1 ESA7905454 1 1,795.00 1,795.00 Y
--------------------------------------------------------------------------------------------------------------------------
Roll Feed D 1 1 225.00 225.00 Y
--------------------------------------------------------------------------------------------------------------------------
D Size Legs 1 1 225.00 225.00 Y
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
MJ Research, inc. 42107 2106 11/25/97 $ 2,370.25 $ 0.00 N
------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
------------------------------------------------------------------------------------------------------------
2106 11/25/97 $ 16.00 $ 0.00 N
------------------------------------------------------------------------------------------------------------
Xxxxxxxx Vacuum 268868 2219 12/29/97 $ 653.90 $ 0.00 N
------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
------------------------------------------------------------------------------------------------------------
2219 12/29/97 $ 12.00 $ 0.00 N
------------------------------------------------------------------------------------------------------------
Simco Products 0014780-IN 2234 12/30/97 $ 1,795.00 $ 0.00 N
------------------------------------------------------------------------------------------------------------
2234 12/30/97 $ 225.00 $ 0.00 N
------------------------------------------------------------------------------------------------------------
2234 12/30/97 $ 225.00 $ 0.00 N
------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 #N/A
------------------------------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $ 62,484.74
------------------------------------
TOTAL AMOUNT DUE TO VENDOR $259,250.16
------------------
TOTAL DRAW $321,734.90
------------------
Lessee Signature:_____________________________ Date:______
SCHEDULE
--------
Schedule No. 03 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
------------------ ------ ---- ------ ----------------------
See Exhibit A attached hereto
Total: $200,400.92 $5,451.99
B. Terms
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC, PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P. O. Xxx 000000
Xxx Xxxxx, XX 00000 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
1
Phoenix Leasing Incorporated
Funding Request
Exhibit A
------------------------------------------------------------------------------------------------
Insulator Seal 63345 SPCL Power HI Volt 2 0917001 1 615.00 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 11.00 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Necx 618248 Ehterlink 24 1 165.95 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 3.95 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Necx 618434 Vista Tech 24 1 285.95 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 4.70 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Necx 607647 Caviar Xxxx Ultra DMA 24 1 196.95 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 1 6.95 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
NECX 619237 Jetdirect ex plus 24 1 219.95 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 1 11.81 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Xxxxxx 1527412 Oven Mode 29 120V 2 1 2,279.62 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 129.48 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Necx 618592 ABC Flowcharter 24 1 255.95 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
AutoGen 1087 NA1000 for blood 2 1 18,000.00 0.00 N N/A
------------------------------------------------------------------------------------------------
Freight 27 1 964.71 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Necx 623274 Superstack II Switch 24 1 654.95 0.00 N N/A
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Xxxxxx 1043019 Protector PCR 2 2,152.94 0.00 N N/A
------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------
Insulator Seal 63345 SPCL Power HI Volt 03/24/98 $ 0.00 $ 615.00 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 11.00 *N/A
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Necx 618248 Ehterlink 03/26/98 $ 0.00 $ 165.95 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 3.95 *N/A
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Necx 618434 Vista Tech 03/26/98 $ 0.00 $ 285.95 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 4.70 *N/A
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Necx 607647 Caviar Xxxx Ultra DMA 03/11/98 $ 0.00 $ 196.95 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 6.95 N
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
NECX 619237 Jetdirect ex plus 03/27/98 $ 0.00 $ 219.95 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 11.81 N
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Xxxxxx 1527412 Oven Mode 29 120V 03/25/98 $ 0.00 $ 2,279.62 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 129.48 *N/A
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Necx 618592 ABC Flowcharter 03/26/98 $ 0.00 $ 255.95 N
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
AutoGen 1087 NA1000 for blood 03/24/98 $ 0.00 $ 18,000.00 N
-----------------------------------------------------------------------------------------------------
Freight $ 0.00 $ 964.71 N
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 *N/A
-----------------------------------------------------------------------------------------------------
Necx 623274 Superstack II Switch 02/20/98 $ 0.00 $ 654.95 N
-----------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 N/A
-----------------------------------------------------------------------------------------------------
Xxxxxx 1043019 Protector PCR 02/13/98 $ 0.00 $ 2,152.94 N
-----------------------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $32,423.25
-----------------------------------------------------------------------------------------------------
TOTAL AMOUNT DUE VENDOR $ 168,017.67
-----------------------------------------------------------------------------------------------------
TOTAL DRAW $ 200,440.92
-----------------------------------------------------------------------------------------------------
Lessee Signature: /s/ Date:_______________
------------------------
Page 2 of 2
Schedule No. 03 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's Satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
----- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
-------------------------------------------------------------
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee, an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall bc
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------- --------------------------------------
Name: Xxxx Xxxxxxx Name (Print):
----------------------------- ____________________________
Title: Contract Administrator Title:
---------------------------- ___________________________________
Date: Date: April 29, 1998
_____________________________ ------------------------------------
2
SCHEDULE
--------
Schedule No. 04 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Street Address City,
and serial number) Purchase Price Rent Mfr./Vendor State and County
-------------------- ----------------- ----------- ---------------- ------------------------
See Exhibit A attached hereto.
Total: $82,007.75 $2,230.61
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month,
the Rent Start Date shall commence on the same day that the
Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price). 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the schedule be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Xxxxxxxxxxxxxx
0
Xxxxxxxx Xx. 00 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the First
Schedule to the Lease. That choice shall be an election of Lessee's End of
Lease Position for all, but not less than all of the Equipment under all
Schedules to the Lease. Lessee shall provide written notice of its election
to Lessor at least 90 days prior to the end of the Base Term of the first
Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment Purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By:_____________________________ By: /s/ Xxxxxxx Xxxxxxxx
-----------------------------
Name:___________________________ Name (Print): Xxxxxxx Xxxxxxxx
-------------------
Title:__________________________ Title: VP FINANCE
--------------------------
Date: April 29, 1998 Date: April 29, 1998
-------------------------- --------------------------
Page 2 of 1
Property of Phoenix Leasing Incorporated
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
--------------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 04
--------- --------
-----------------------------------------------------------------------------------------------------------------------
Vendor Name L Invoiced
(abbreviation Invoice Brief Description Eqp Serial O Amt Net of Amt Paid
OK) No. of Item Code Number C Sales Tax by Lesseee
-----------------------------------------------------------------------------------------------------------------------
MJ Research, Inc. 44432 Tetra Chassis (2) 24 TD002630 2 14,245.25 14,245.25
-----------------------------------------------------------------------------------------------------------------------
MJ Research, Inc. 44432 ALPH BONNET QTY 4 24 ALO12790 2 15,822.00 15,622.00
-----------------------------------------------------------------------------------------------------------------------
XXXXXXX 331062FT01 Multimek 96 pipettor 24 304013ap 2 40,920.00
-----------------------------------------------------------------------------------------------------------------------
XXXXXXX multimek pro software 24 2 4,650.00
-----------------------------------------------------------------------------------------------------------------------
XXXXXXX 4 position labware 24 2 790.50
-----------------------------------------------------------------------------------------------------------------------
XXXXXXX 33106FT02 Disposal Tip Wash 24 90007 2 5,580.00
-----------------------------------------------------------------------------------------------------------------------
Schedule: 04
------
--------------------------------------------------------------------------------------------------------------
No entry required
Vendor Name Tax Pd --------------------------------------
(abbreviation Invoice Vendor Check Transact Net $ Amt Due Net $ Amt.
OK) No. (Y/N) No. Date Lessee Due Vendor
--------------------------------------------------------------------------------------------------------------
MJ Research, Inc. 44432 Y 2482 3/12/98 $14,245.25 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
MJ Research, Inc. 44432 Y 2482 3/12/98 $15,822.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
XXXXXXX 331062FT01 $ 0.00 $ 40,920.00. N
--------------------------------------------------------------------------------------------------------------
XXXXXXX $ 0.00 $ 4,650.00 N
--------------------------------------------------------------------------------------------------------------
XXXXXXX $ 0.00 $ 790.50 N
--------------------------------------------------------------------------------------------------------------
XXXXXXX 33106FT02 $ 0.00 $ 5,580.00 N
--------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 N/A
-------------------------------------
TOTAL AMOUNT DUE TO LESSEE $30,067.25
-------------------------------------
TOTAL AMOUNT DUE TO VENDOR $ 51,940.50
----------------------
TOTAL DRAW $ 82,007.75
----------------------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: April 29, 1998
----------------------- ------------------
Page 1 of 1
Property of Phoenix Leasing Incorporated
ATTACHMENT TO EQUIPMENT SCHEDULE NO. 4
CASUALTY VALUES
Month of % of Original Equipment Month of % of Original Equipment
Lease Term Purchase Price Lease Term Purchase Price
---------- -------------- ---------- --------------
1 125.00 22 73.78
2 122.56 23 71.34
3 120.12 24 68.90
4 117.68 25 66.46
5 115.24 26 64.02
6 112.80 27 61.59
7 110.37 28 59.15
8 107.93 29 56.71
9 105.49 30 54.27
10 103.05 31 51.83
11 100.61 32 49.39
12 98.17 33 46.95
13 95.73 34 44.51
14 93.29 35 42.07
15 90.85 36 39.63
16 88.41 37 37.20
17 85.98 38 34.76
18 83.54 39 32.32
19 81.10 40 29.88
20 78.66 41 27.44
21 76.22 42 25.00
Thereafter 25.00
Lessor's Lessee's
Initials (ILLEGIBLE) Initials (ILLEGIBLE)
----------- -----------
ACCEPTANCE NOTICE
SCHEDULE NO. 04
Reference is made to the Master Equipment Lease dated as of February 5, 1998
between PHOENIX LEASING INCORPORATED as Lessor and SEQUENOM, INC. as Lessee (the
"Lease").
Lessee confirms that the following Equipment has been received, installed and is
ready for use by Lessee. The Equipment is satisfactory in all respects for the
purposes of this Lease as of the date Lessee executes this Notice below.
Description of Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
----------------- ----- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $82,007.75 $2,230.61
THE LEASE MAY NOT BE CHANGED, ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN
WRITING SIGNED BY AN OFFICER OF LESSOR AND A DULY AUTHORIZED REPRESENTATIVE OF
LESSEE.
IN WITNESS WHEREOF, Lessee has executed this Acceptance Notice as of April 29,
1998.
SEQUENOM, INC.
By: /S/ XXXXXXX XXXXXXXX
------------------------------
Name: XXXXXXX XXXXXXXX
----------------------------
Title: VP FINANCE
---------------------------
SALE LEASEBACK ADDENDUM
to Schedule No. 04
of MASTER EQUIPMENT LEASE
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
This Addendum to Master Equipment Lease is made and entered into as of April 29,
1998 between PHOENIX LEASING INCORPORATED ("Lessor") and SEQUENOM, INC.
("Lessee")
Notwithstanding anything to the contrary contained in the Lease referenced
above, Lessor and Lessee agree as follows:
1. Lessee shall sell the Equipment to and lease the Equipment from Lessor and
Lessor shall purchase the Equipment from and lease the Equipment to Lessee
upon the terms and conditions of the Xxxx of Sale attached hereto as
Attachment 1.
2. Lessee represents and warrants that
(a) Lessee has the right to sell the Equipment as set forth herein,
(b) the Equipment and Lessee's right, title and interest in such Equipment
is, as of the date of the Xxxx or Sale, free from all claims, liens,
security interests and encumbrances,
(c) Lessee will defend the sale against lawful claims and demands of all
persons, and
(d) the purchase price of the Equipment is equal to the fair market value
of such Equipment at the time of sale.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
----------------------------- ------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxx Xxxxxxxx
--------------------------- --------------------
Title: Contract Administrator Title: VP FINANCE
-------------------------- ---------------------------
ATTACHMENT 1
XXXX OF SALE
For valuable consideration SEQUENOM, INC. ("Seller") sells to PHOENIX LEASING
INCORPORATED ("Buyer"), the property listed on Exhibit A hereof (the
"Equipment").
Seller covenants and warrants that:
(1) It is the owner of, and has absolute title to, the Equipment which is free
and clear of all claims, liens and encumbrances.
(2) It has not made any prior sale, assignment, or transfer of the Equipment.
(3) It has the present right, power, and authority to sell the Equipment to
Buyer.
(4) All action has been taken which is required to make this Xxxx of Sale a
legal, valid and binding obligation of Seller.
Seller shall forever warrant and defend the sale of Equipment to Buyer, its
successors and assigns, against any person claiming an interest in the
Equipment.
This Xxxx of Sale is binding on the successors and assigns of Seller and inures
to the benefit of the successors and assigns of Buyer.
Executed on April 29, 1998
SEQUENOM, INC.
By: /s/ Xxxxxxx Xxxxxxxx
------------------------------
Name (Print): Xxxxxxx Xxxxxxxx
--------------------
Title: VP FINANCE
---------------------------
OFFICER'S CERTIFICATE
---------------------
The undersigned, ___________________________, hereby certifies that:
i) I am the Treasurer/Chief Financial Officer of SEQUENOM, INC., a Delaware
corporation:
ii) as such officer, I am familiar with the terms and conditions of that
certain Master Equipment Lease (the "Lease") dated as of February 5, 1998
between SEQUENOM, INC. ("Lessee") and PHOENIX LEASING INCORPORATED
("Lessor");
iii) this certificate is delivered in connection with the leasing of certain
equipment under a Schedule with Lessor, the equipment is described in the
Schedule and the equipment is free and clear from any and all liens,
charges, security interests or other encumbrances which may affect
Lessor's right, title or interest in and to the equipment.
iv) there has been no material adverse change in the financial condition of
Lessee from the date of its most recent financial statements, true copies
of which have been delivered to Lessor, and
v) no event which, with the giving of notice or passage of time, or both,
could become an Event of Default under the Lease has occurred and is
continuing.
(vi) Lessee is performing according to Lessee's business plan described in
Section 3 of the Lease, a true copy of which business plan has been
delivered to Lessor;
(vii) the representations and warranties in Section 5 of the Lease are true and
correct as of the date hereof.
IN WITNESS WHEREOF, I hereby execute this certificate on this 29 day of April,
1998.
/s/ Xxxxxxx Xxxxxxxx
-----------------------------
SCHEDULE
--------
Schedule No. 05 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Street Address City,
and serial number) Purchase Price Rent Mfr./Vendor State and County
------------------ -------------- ---- ----------- --------------------
See Exhibit A attached hereto.
Total: $76,861.21 $2,090.62
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month, the
Rent Start Date shall commence on the same day that the Base
Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and last
Rental Amount including any sales or use tax and (2) an amount
equal to 1/30th of the monthly rental amount using a rate of
2.72% multiplied by the number of days, if any, between (and
including) the date the Base Term commences and (but not
including) the Rent Start Date, except that, if the date of the
Acceptance Notice related to this Schedule is dated on or after
the 20th of the month, this amount shall not be included in the
Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the schedule be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Xxxxxxxxxxxxxx
0
Xxxxxxxx Xx. 00 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position:(a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the First Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease Position
for all, but not less than all of the Equipment under all Schedules to the
Lease. Lessee shall provide written notice of its election to Lessor at least 90
days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment Purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------- -------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxx Xxxxxxxx
----------------------------- ---------------------
Title: Contract Administrator Title: VP FINANCE
---------------------------- ----------------------------
Date: May 1, 1998 Date: May 1, 1998
----------------------------- -----------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
----------------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 05
--------- --------
-----------------------------------------------------------------------------------------------------------------------
Vendor Name L Invoiced
(abbreviation Invoice Brief Description Eqp Serial O Amt Net of Amt Paid
OK) No. of Item Code Number C Sales Tax by Lessee
-----------------------------------------------------------------------------------------------------------------------
WATERS 263025832 996 Detector lamp assy 2 1 555.00
-----------------------------------------------------------------------------------------------------------------------
freight 27 1 5.00
-----------------------------------------------------------------------------------------------------------------------
Micron 1672002 COM 512K PIPELINE 1 1 2,017.00 2,017.00
-----------------------------------------------------------------------------------------------------------------------
Western Telematic 75628 8 Ports code Activated 2 97236 1 445.00
-----------------------------------------------------------------------------------------------------------------------
freight 27 1 5.25
-----------------------------------------------------------------------------------------------------------------------
Micron 1672002 freight 27 1 99.00 99.00
-----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Elmers 90131208 Amo II TAG GOLD 2 1 1,864.20
-----------------------------------------------------------------------------------------------------------------------
freight 27 1 32.50
-----------------------------------------------------------------------------------------------------------------------
MICRON 1672002 SALES TAX 29 1 156.32 156.32
-----------------------------------------------------------------------------------------------------------------------
XXXXXXX 1619386 FREEZER 2 1 4,674.79
-----------------------------------------------------------------------------------------------------------------------
Insulator Seal Inc 63899 COVER HV 0.51-071 2 1 354.00
-----------------------------------------------------------------------------------------------------------------------
freight 27 1 9.75
-----------------------------------------------------------------------------------------------------------------------
TECAN US INC 133321 LIQUID HANDLING SYS 2 1 65,908.40
-----------------------------------------------------------------------------------------------------------------------
freight 27 1 500.00
-----------------------------------------------------------------------------------------------------------------------
TECAN US INC 133435 LIQUID HANDLING SYS 2 1 235.00
-----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
Tax Pd No entry required
-------------------------------------
Vendor Name
(abbreviation Invoice Vendor Check Transact Net $ Amt Net $ Amt.
OK) No. (Y/N) No. Date Due Lessee Due Vendor
-------------------------------------------------------------------------------------------------------
WATERS 263025832 N 3/24/98 $ 0.00 $ 555.00 N
N 4/10/98 $ 0.00 $ 5.00 N
-------------------------------------------------------------------------------------------------------
Micron 1672002 Y 4/10/98 $2,017.00 $ 0.00 N
-------------------------------------------------------------------------------------------------------
Western Telematic 75628 N 4/10/98 $ 0.00 $ 445.00 N
-------------------------------------------------------------------------------------------------------
N 4/10/98 $ 0.00 $ 5.25 N
-------------------------------------------------------------------------------------------------------
Micron 1672002 Y 4/10/98 $ 99.00 $ 0.00 N
-------------------------------------------------------------------------------------------------------
Xxxxxxx Elmers 90131208 N 7/7/97 $ 0.00 $ 1,864.20 N
-------------------------------------------------------------------------------------------------------
N 7/7/97 $ 0.00 $ 32.50 N
-------------------------------------------------------------------------------------------------------
MICRON 1672002 N 4/10/98 $ 156.32 $ 0.00 N
-------------------------------------------------------------------------------------------------------
XXXXXXX 1619386 N 3/31/98 $ 0.00 $ 4,674.79 N
-------------------------------------------------------------------------------------------------------
Insulator Seal Inc 63899 N 3/26/98 $ 0.00 $ 354.00 N
-------------------------------------------------------------------------------------------------------
N 3/26/98 $ 0.00 $ 9.75 N
-------------------------------------------------------------------------------------------------------
TECAN US INC 133321 N 3/11/98 $ 0.00 $65,908.40 N
-------------------------------------------------------------------------------------------------------
N 3/11/98 $ 0.00 $ 500.00 N
-------------------------------------------------------------------------------------------------------
TECAN US INC 133435 N 3/27/98 $ 0.00 $ 235.00 N
-------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00 N/A
-----------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $2,272.32
-------------------------------
TOTAL AMOUNT TO VENDOR $74,588.89
------------------
TOTAL DRAW $76,861.21
------------------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: 5/1/98
---------------------------------- --------
Page 1 of 1
Property of Phoenix Leasing Incorporated
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 06 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./ Vendor County
-----------------------------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $240,627.44 $6,545.07
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales of use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
Schedule (Additional Commitment) No. 06 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND
Schedule (Additional Commitment) No. 06 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
CONDITIONS OF THIS SCHEDULE AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,
1998 BETWEEN LESSEE AND LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER
EQUIPMENT LEASE ARE HEREBY INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO
THE SAME EXTENT AS IF SUCH TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------- -----------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxx Xxxxxxxx
----------------------------- -------------------------
Title: Contract Administrator Title: VP Finance
---------------------------- --------------------------------
Date: 2-1-99 Date: 2-1-99
----------------------------- ---------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom, Inc.
--------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 06
---- ------
----------------------------------------------------------------------------------------------------------------------------------
L Invoiced Amt Tax Pd Check
Vendor Name Eqp Serial O Net of Sales Amt Paid Vendor? No.
(abbreviation OK) Invoice No. Brief Description of Item Code Number C Tax By Lessee (Y/N)
----------------------------------------------------------------------------------------------------------------------------------
VAT 3847 GATE VALVE 2 1 1,365.00 N
----------------------------------------------------------------------------------------------------------------------------------
A-1 Furniture 34913 2-om41 6 1 279.98 N
----------------------------------------------------------------------------------------------------------------------------------
2-om44 6 1 279.98 N
----------------------------------------------------------------------------------------------------------------------------------
3-om100 6 1 281.25 N
----------------------------------------------------------------------------------------------------------------------------------
A-1 Furniture 34906 3-om42 6 1 329.97 N
----------------------------------------------------------------------------------------------------------------------------------
3-om41 6 1 419.97 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 646105 MAGICOLOR 1 1 4,499.95 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 41.53 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 638039 KTM8X32L 1 1 223.90 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 646405 OFFICECONNECT 1 1 113.90 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 6.36 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 646651 OFFICE 97 24 1 519.95 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 3.95 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 637747 WINDOWS NT 24 1 271.95 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 5.45 N
----------------------------------------------------------------------------------------------------------------------------------
NECX 639241 32MB ECC 1 1 197.90 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 3.95 N
----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX 153239 CLASS CONF TABLE 6 1 225.00 N
----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX 2015210 UTILITY CART 2 1 150.00 N
----------------------------------------------------------------------------------------------------------------------------------
DRYING RACK 2 1 132.02 N
----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX 2015209 COOLR LAB 2 1 240.00 N
----------------------------------------------------------------------------------------------------------------------------------
GA GE u98-0138 Generator for ibm pc 2 1 2,245.00 N
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 75.00 n
----------------------------------------------------------------------------------------------------------------------------------
National Inst 424592 labwindows 24 1 1,995.00 n
----------------------------------------------------------------------------------------------------------------------------------
mcfrugals lab 12655 well reversible racks 2 1 978.00 n
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 4.95 n
----------------------------------------------------------------------------------------------------------------------------------
Robocon 8 Robolab 2 1 7,925.44 n
----------------------------------------------------------------------------------------------------------------------------------
office depot 50050814010 napoli blk 6 AD 1 199.99 199.99 y amex
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx 00153032 lazyboy lateral file 6 1 870.00 870.00 y 2767
----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX 00152857 bookcase 6 1 885.00 885.00 y 2669
----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX 48951 2 bookcases 6 1 1,770.00 1,770.00 y 2628
----------------------------------------------------------------------------------------------------------------------------------
conf table 6 1 1,335.00 1,335.00 y 2628
----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------
No entry required
--------------------------------
Vendor Name Transact Net $ Amt Net $ Amt P
(abbreviation OK) Invoice No. Date Due Lessee Due Vendor
---------------------------------------------------------------------------------
VAT 3847 5/5/98 $ 0.00 $ 1,365.00 N
---------------------------------------------------------------------------------
A-1 Furniture 34913 4/17/98 $ 0.00 $ 279.98 N
---------------------------------------------------------------------------------
4/17/98 $ 0.00 $ 279.98 N
---------------------------------------------------------------------------------
4/17/98 $ 0.00 $ 281.25 N
---------------------------------------------------------------------------------
A-1 Furniture 34906 4/15/98 $ 0.00 $ 329.97 N
---------------------------------------------------------------------------------
4/24/98 $ 0.00 $ 419.97 N
---------------------------------------------------------------------------------
NECX 646105 5/7/98 $ 0.00 $ 4,499.95 N
---------------------------------------------------------------------------------
5/7/98 $ 0.00 $ 41.53 N
---------------------------------------------------------------------------------
NECX 638039 5/7/98 $ 0.00 $ 223.90 N
---------------------------------------------------------------------------------
NECX 646405 5/7/98 $ 0.00 $ 113.90 N
---------------------------------------------------------------------------------
4/24/98 $ 0.00 $ 6.36 N
---------------------------------------------------------------------------------
NECX 646651 4/24/98 $ 0.00 $ 519.95 N
---------------------------------------------------------------------------------
5/7/98 $ 0.00 $ 3.95
---------------------------------------------------------------------------------
NECX 637747 5/7/98 $ 0.00 $ 271.95 N
---------------------------------------------------------------------------------
5/7/98 $ 0.00 $ 5.45 N
---------------------------------------------------------------------------------
NECX 639241 4/28/98 $ 0.00 $ 197.90 N
---------------------------------------------------------------------------------
4/28/98 $ 0.00 $ 3.95 N
---------------------------------------------------------------------------------
XXXXXXX 153239 4/30/98 $ 0.00 $ 225.00 N
---------------------------------------------------------------------------------
XXXXXXX 2015210 4/27/98 $ 0.00 $ 150.00 N
---------------------------------------------------------------------------------
4/27/98 $ 0.00 $ 132.02 N
---------------------------------------------------------------------------------
XXXXXXX 2015209 4/27/98 $ 0.00 $ 240.00 N
---------------------------------------------------------------------------------
GA GE u98-0138 4/28/98 $ 0.00 $ 2,245.00 N
---------------------------------------------------------------------------------
4/28/98 $ 0.00 $ 75.00 N
---------------------------------------------------------------------------------
National Inst 424592 4/29/98 $ 0.00 $ 1,995.00 N
---------------------------------------------------------------------------------
mcfrugals lab 12655 4/21/98 $ 0.00 $ 978.00 N
---------------------------------------------------------------------------------
4/21/98 $ 0.00 $ 4.95 N
---------------------------------------------------------------------------------
Robocon 8 3/31/98 $ 0.00 $117,925.44 N
---------------------------------------------------------------------------------
office depot 50050814010 3/23/98 $ 199.99 $ 0.00 N
---------------------------------------------------------------------------------
Xxxxxxx 00153032 4/22/98 $ 870.00 $ 0.00 N
---------------------------------------------------------------------------------
XXXXXXX 00152857 4/9/98 $ 885.00 $ 0.00 N
---------------------------------------------------------------------------------
XXXXXXX 48951 3/27/98 $1,770.00 $ 0.00 N
---------------------------------------------------------------------------------
3/27/98 $1,335.00 $ 0.00 N
---------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
xxxxxxx 30628 office furniture 6 1 1,744.00 1,744.00 y amex
----------------------------------------------------------------------------------------------------------------------------------
vantage 1467 oval table 6 1 300.00 300.00 y amex
----------------------------------------------------------------------------------------------------------------------------------
vantage 43311 sofa/blk leather 6 1 1,349.00 1,349.00 y amex
----------------------------------------------------------------------------------------------------------------------------------
vantage 43239 3 desk chairs 6 1 957.60 957.60 y amex
----------------------------------------------------------------------------------------------------------------------------------
freight 27 1 50.00 50.00 y amex
----------------------------------------------------------------------------------------------------------------------------------
ll-cor 061786 ibm compatible comp 1 1 5,210.00 5,210.00 n 2732
----------------------------------------------------------------------------------------------------------------------------------
rlha 97074019 leasehold 23 1 10,575.30 10,575.30 n 2860
----------------------------------------------------------------------------------------------------------------------------------
rlha 97074019 leasehold 23 1 22,636.20 22,636.20 n 2821
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------
xxxxxxx 30628 3/23/98 $ 1,744.00 $ 0.00 N
---------------------------------------------------------------------------------
vantage 1467 3/9/98 $ 300.00 $ 0.00 N
---------------------------------------------------------------------------------
vantage 43311 3/9/98 $ 1,349.00 $ 0.00
---------------------------------------------------------------------------------
vantage 43239 3/6/98 $ 957.60 $ 0.00 N
---------------------------------------------------------------------------------
3/6/98 $ 50.00 $ 0.00 N
---------------------------------------------------------------------------------
ll-cor 061786 4/20/98 $ 5,210.00 $ 0.00 N
---------------------------------------------------------------------------------
rlha 97074019 5/4/98 $10,575.30 $ 0.00 N
---------------------------------------------------------------------------------
rlha 97074019 4/28/99 $22,636.20 $ 0.00 N
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
------------------------
$47,812.09
------------------------
$192,815.35
-----------
$240,627.44
-----------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: May 27, 1998
-------------------- ------------
SCHEDULE
--------
Schedule No. 07 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
---------------------- ----------- --------- -------- -----------------------
See Exhibit A attached hereto.
Total: $86,961.81 $2,365.36
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month,
the Rent Start Date shall commence on the same day that the
Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and last
Rental Amount including any sales or use tax and (2) an amount
equal to 1/30th of the monthly rental amount using a rate of
2.72% multiplied by the number of days, if any, between (and
including) the date the Base Term commences and (but not
including) the Rent Start Date, except that, if the date of
the Acceptance Notice related to this Schedule is dated on or
after the 20th of the month, this amount shall not be included
in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
Schedule No. 07 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease Position
for all, but not less than all, of the Equipment under all Schedules to the
Lease. Lessee shall provide written notice of its election to Lessor at least 90
days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$ 1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF TIES SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------ ------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxx Xxxxxxxx
------------------------------ ------------------------
Title: Contract Administrator Title: VP Finance
------------------------------ ------------------------------
Date: ______________________________ Date: 6/29/98
------------------------------
2
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lesseee: SEQUENOM, INC.
--------------------------
00000 XXXXXXXX XXXXXX XX.
MASTER CONTRACT: 0135
--------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Total
Item Invoice Description Eq Serial Invoic'd $
No. Vendor Name No. of Item Cd Qty Number Loc Net of Sales Tax
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1 SRS 75690-R Gas Analyzer 2 1 1 4,000.00
-----------------------------------------------------------------------------------------------------------------------------------
2 Micron Electronics, Inc. 2447252 MILLENNIA 300 1 1 1 2,542.00
-----------------------------------------------------------------------------------------------------------------------------------
2 FREIGHT 27 1 1 104.00
-----------------------------------------------------------------------------------------------------------------------------------
4 Micron Electronics, Inc. 2407092 ATCX, mini tower Intel P200 1 1 1 1,946.00
-----------------------------------------------------------------------------------------------------------------------------------
5 Thermlonics Laboratory, Inc. 43060 Various Laboratory parts 2 1 1 580.00
-----------------------------------------------------------------------------------------------------------------------------------
6 FREIGHT 27 1 1 41.25
-----------------------------------------------------------------------------------------------------------------------------------
7 Micron Electronics, Inc. 2407092 freight 27 1 1 208.00
-----------------------------------------------------------------------------------------------------------------------------------
8 Thermlonics Laboratory, Inc. 43047 Various Laboratory parts 2 1 1 2,097.00
-----------------------------------------------------------------------------------------------------------------------------------
9 FREIGHT 27 1 1 83.75
-----------------------------------------------------------------------------------------------------------------------------------
11 Micron Electronics, Inc. 2414811 (2)Millennia 233, Millennia 1 3
266 1 6,698.00
-----------------------------------------------------------------------------------------------------------------------------------
12 Freight 27 1 1 312.00
-----------------------------------------------------------------------------------------------------------------------------------
14 Thermlonics Laboratory, Inc. 43102 Various Laboratory parts 2 1 1 800.00
-----------------------------------------------------------------------------------------------------------------------------------
15 FREIGHT 27 1 1 48.50
-----------------------------------------------------------------------------------------------------------------------------------
16 Micron Electronics, Inc. 2487496 ATCX, mini tower Intel P200 1 1 1 2,419.00
-----------------------------------------------------------------------------------------------------------------------------------
17 Xxxxxx Scientific 2359650 Freezer 6 1 1 5,816.85
-----------------------------------------------------------------------------------------------------------------------------------
18 Refrigerator 6 1 1 5,285.39
-----------------------------------------------------------------------------------------------------------------------------------
19 MDC 318641 Valve Gate 2 1 1 1,495.00
-----------------------------------------------------------------------------------------------------------------------------------
20 Freight 27 1 1 18.75
-----------------------------------------------------------------------------------------------------------------------------------
21 Xxxxxxx 340834FT Pipettor 24 1 2 51,940.50
01
-----------------------------------------------------------------------------------------------------------------------------------
22 Freight and Insurance 27 1 2 421.82
-----------------------------------------------------------------------------------------------------------------------------------
Micron Electronics, Inc. 2487496 FREIGHT 27 1 1 104.00
-----------------------------------------------------------------------------------------------------------------------------------
24
-----------------------------------------------------------------------------------------------------------------------------------
Schedule: 07
----
----------------------------------------------------------------------------------------------------------------------------------
No entry required
Tax Pd -------------------------------
Item Invoice $ Pd By Vndr? Check Transact Net $ Due Net $ Due
No. Vendor Name No. Lesseee (Y/N) No. Date Lessee Vendor
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
1 SRS 75690-R 0.00 N $ 0.00 $ 4,000.00
----------------------------------------------------------------------------------------------------------------------------------
2 Micron Electronics, Inc. 2447252 2,542.00 Y 3055 6/5/98 $ 2,542.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
2 104.00 Y 3055 6/5/98 $ 104.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
4 Micron Electronics, Inc. 2407092 1,946.00 Y 2913 5/12/98 $ 1,946.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
5 Thermlonics Laboratory, Inc. 43060 580.00 Y 2921 5/14/98 $ 580.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
6 41.25 Y 2921 5/14/98 $ 41.25 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
7 Micron Electronics, Inc. 2407092 208.00 Y 2913 5/12/98 $ 208.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
8 Thermlonics Laboratory, Inc. 43047 2,097.00 Y 2923 5/14/98 $ 2,097.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
9 83.75 Y 2923 5/14/98 $ 83.75 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
11 Micron Electronics, Inc. 2414811 6,698.00 Y 2953 5/21/98 $ 6,698.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
12 312.00 Y 2953 5/21/98 $ 312.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
14 Thermlonics Laboratory, Inc. 43102 800.00 Y 3065 6/8/98 $ 800.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
15 48.50 Y 3065 6/8/98 $ 48.50 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
16 Micron Electronics, Inc. 2487496 2,419.00 Y 3145 6/25/98 $ 2,419.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
17 Xxxxxx Scientific 2359650 $ 0.00 $ 5,816.85
----------------------------------------------------------------------------------------------------------------------------------
18 $ 0.00 $ 5,285.39
----------------------------------------------------------------------------------------------------------------------------------
19 MDC 318641 $ 0.00 $ 1,495.00
----------------------------------------------------------------------------------------------------------------------------------
20 $ 0.00 $ 18.75
----------------------------------------------------------------------------------------------------------------------------------
21 Xxxxxxx 340834FT $ 0.00 $51,940.50
01
----------------------------------------------------------------------------------------------------------------------------------
22 $ 50.00 $ 4,210.82
----------------------------------------------------------------------------------------------------------------------------------
Micron Electronics, Inc. 2487496 104.00 Y 3145 6/25/98 $ 104.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
24 $ 0.00 $ 0.00
----------------------------------------------------------------------------------------------------------------------------------
-------------------------------
TOTAL AMOUNT DUE TO LESSEE $ 17,983.50
-------------------------------
TOTAL AMOUNT DUE TO VENDOR $68,978.31
--------------
TOTAL DRAW $86,961.81
--------------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: 7/10/98
-------------------------- ----------
Page 1
SCHEDULE
--------
Schedule No. 08 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./ Vendor County
--------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $69,812.76 $1,898.91
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month,
the Rent Start Date shall commence on the same day that the
Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales of use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
Schedule No. 08 to Lease
Dated as of February 5, 1998
Between SEQUUNOM,INC
and PHOENIX LEASING INCORPORATED
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND
Schedule No. 08 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
CONDITIONS OF THIS SCHEDULE AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,
1998 BETWEEN LESSEE AND LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER
EQUIPMENT LEASE ARE HEREBY INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO
THE SAME EXTENT AS IF SUCH TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
-------------------------------- ----------------------------------
Name: Xxxx Xxxxxxx Name (Print):________________________
------------------------------
Title: Contract Administrator Title:_______________________________
-----------------------------
Date: September 1, 1998 Date: September 1, 1998
------------------------------ -------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
------------------
00000 XXXXXXXX XXXXXX XX.
Master Contract: 0135
----
Schedule: 08
--
---------------------------------------------------------------------------------------------------------------------
L Total
Item Eq Serial O Invoic'd
No Vendor Name Invoice No Description of Item Cd Qty Number C Net of Sls Tx
---------------------------------------------------------------------------------------------------------------------
1 Circa Information 83506 Printer, cable and user 2 1 1 2,317.95
Technologies, Inc. manual
---------------------------------------------------------------------------------------------------------------------
2 Delivery 27 1 1 29.61
----------------------------------------------------------------------------------------------------------------------
3 NECX 686251 128mb SDRam 1 1 1 178.95
----------------------------------------------------------------------------------------------------------------------
4 Freight 27 1 1 5.95
----------------------------------------------------------------------------------------------------------------------
5 NECX 688379 Visual Studio 97 ent 95/nt 24 1 1 1,299.95
----------------------------------------------------------------------------------------------------------------------
6 Freight 27 1 1 3.95
----------------------------------------------------------------------------------------------------------------------
7 Bertan 33698 High voltage power supplies 2 1 1 3,350.00
----------------------------------------------------------------------------------------------------------------------
8 Freight 27 1 1 49.55
----------------------------------------------------------------------------------------------------------------------
9 Bertan 33705 High voltage power supplies 2 1 1 1,675.00
----------------------------------------------------------------------------------------------------------------------
10 Freight 27 1 1 31.35
----------------------------------------------------------------------------------------------------------------------
11 Xxxxxxx Xxxxxxx 344406FT Multimek '96 Pipettor 2 1 1 40,920.00
D1
----------------------------------------------------------------------------------------------------------------------
12 Multimek Pro Software 24 1 1 4,650.00
----------------------------------------------------------------------------------------------------------------------
13 Four Position Labware deck 2 1 1 790.50
----------------------------------------------------------------------------------------------------------------------
14 Disposable Tip wash system 2 1 1 5,580.00
----------------------------------------------------------------------------------------------------------------------
15 Inacom 7903046 IBM Think Pad 1 1 1 4,450.00
----------------------------------------------------------------------------------------------------------------------
16 Freight 27 1 1 30.00
----------------------------------------------------------------------------------------------------------------------
17 Micron Electronics, 2493404 Millenia 266 mini tower 1 1 1 2,246.00
Inc. computer
----------------------------------------------------------------------------------------------------------------------
18 Freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------
19 Micron Electronics, 2493426 Millenia 266 mini tower 1 1 1 1,996.00
Inc. computer
----------------------------------------------------------------------------------------------------------------------
20 Freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Tax
Pd No entry required
------------------------------
Item $ Pd By Vndr? Chk Transact Net $ Due Net $ Due P
No Vendor Name Invoice No Xxxxx (Y/N) No. Date Lessee Vendor
----------------------------------------------------------------------------------------------------------------
1 Circa Information 83506 N $ 0.00 $ 2,317.95
Technologies, Inc.
----------------------------------------------------------------------------------------------------------------
2 N $ 0.00 $ 29.61
----------------------------------------------------------------------------------------------------------------
3 NECX 686251 N $ 0.00 $ 178.95
----------------------------------------------------------------------------------------------------------------
4 N $ 0.00 $ 5.95
----------------------------------------------------------------------------------------------------------------
5 NECX 688379 N $ 0.00 $ 1,299.95
----------------------------------------------------------------------------------------------------------------
6 N $ 0.00 $ 3.95
----------------------------------------------------------------------------------------------------------------
7 Bertan 33698 N $ 0.00 $ 3,350.00
----------------------------------------------------------------------------------------------------------------
8 N $ 0.00 $ 49.55
----------------------------------------------------------------------------------------------------------------
9 Bertan 33705 N $ 0.00 $ 1,675.00
----------------------------------------------------------------------------------------------------------------
10 N $ 0.00 $ 31.35
----------------------------------------------------------------------------------------------------------------
11 Xxxxxxx Xxxxxxx 344406FT N $ 0.00 $40,920.00
D1
----------------------------------------------------------------------------------------------------------------
12 N $ 0.00 $ 4,650.00
----------------------------------------------------------------------------------------------------------------
13 N $ 0.00 $ 790.50
----------------------------------------------------------------------------------------------------------------
14 N $ 0.00 $ 5,580.00
----------------------------------------------------------------------------------------------------------------
15 Inacom 7903046 4,450.00 Y 3308 7/17/98 $4,450.00 $ 0.00
----------------------------------------------------------------------------------------------------------------
16 30.00 Y 3308 7/17/98 $ 30.00 $ 0.00
----------------------------------------------------------------------------------------------------------------
17 Micron Electronics, 2493404 2,246.00 Y 3225 6/25/98 $2,246.00 $ 0.00
Inc.
----------------------------------------------------------------------------------------------------------------
18 104.00 Y 3225 6/25/98 $ 104.00 $ 0.00
----------------------------------------------------------------------------------------------------------------
19 Micron Electronics, 2493426 1,996.00 Y 3225 6/25/98 $1,996.00 $ 0.00
Inc.
----------------------------------------------------------------------------------------------------------------
20 104.00 Y 32225 6/25/98 $ 104.00 $ 0.00
----------------------------------------------------------------------------------------------------------------
---------------------------------
TOTAL AMOUNT DUE TO LESSEEE $8,930.00
---------------------------
TOTAL AMOUNT DUE TO VENDOR $60,882.76
--------------
TOTAL DRAW $69,812.76
--------------
Lessee Signature: __________________ Date: _________
SCHEDULE
--------
Schedule No. 09 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number Price Rent Vendor City, State and County
----------------- ----- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $68,282.89 $1,857.29
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P. O. Xxx 000000
Xxx Xxxxx, XX 00000 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and
Administration
Schedule No. 09 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1.: Purchase the Equipment for 25% of the Equipment's original
-------- --- --
purchase price; or
Election No. 2.: Extend the Schedule's Base Term for an additional 12 months
-------- --- --
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
---------------------------------- -----------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxx Xxxxxxxx
---------------------------------- -------------------
Title: Contract Administrator Title: SVP, Finance
---------------------------------- --------------------------
Date: September 22, 1998 Date: September 22, 1998
---------------------------------- ----------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM INC
---------------------------
00000 XXXXXXXX XXXXXX XXXX
Master Contract: 0135 Schedule: 09
---------------------- -------
---------------------------------------------------------------------------------------------------------------------------------
Total Tax Pd
Invoice Description of Eq Serial Invoic'd $ $ Pd By Vndr? Chk
Vendor Name No. Item Cd Qty Number Loc Net of Sls Tx Lessee (Y/N) No.
---------------------------------------------------------------------------------------------------------------------------------
MJ RESEARCH 50115 TETRAD UNIT 2 2 TD002873, 1 28,490.50 N
TD002877
---------------------------------------------------------------------------------------------------------------------------------
ALPHA PWR BONNET 2 4 AL014745, 1 15,822.00 N
AL014750,
AL017243,
AL017247
---------------------------------------------------------------------------------------------------------------------------------
ALPHA UNIT 2 4 1 7,182.00 N
---------------------------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 182.00 N
---------------------------------------------------------------------------------------------------------------------------------
50164 ALPHA PWR BONNET 2 1 AL017805 1 3,955.50 N
---------------------------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 11.00 N
---------------------------------------------------------------------------------------------------------------------------------
BERTAN 33956 HVPS INST 313A 2 1 8129 1 1,499.00 N
---------------------------------------------------------------------------------------------------------------------------------
NECX 699233 LASERJET 1 1 SJPFH048654 1 1,599.95 N
---------------------------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 45.93 N
---------------------------------------------------------------------------------------------------------------------------------
701394 OFFICE 97 24 2 1 1,029.90 N
---------------------------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 6.11 N
---------------------------------------------------------------------------------------------------------------------------------
MICRON 4052440 MICRON COMPT 1 1 1289992 1 1,947.00 1,947.00 Y 3375
---------------------------------------------------------------------------------------------------------------------------------
2456639 MILLENNIA 266 1 1 1CFG4142910 1 2,021.00 2,021.00 Y 3088
---------------------------------------------------------------------------------------------------------------------------------
MILLENNIA 266 1 1 1CFG4142924 1 1,996.00 1,996.00 Y 3088
---------------------------------------------------------------------------------------------------------------------------------
2341470 MILLENNIA XKU 1 1 1CFG4014742 1 2,495.00 2,495.00 Y 2913
233
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------
No entry required
-------------------------
Invoice Transact Net $ Due Net $ Due
Vendor Name No. Date Lessee Vendor
---------------------------------------------------------------------------------
MJ RESEARCH 50115 $ 0.00 $28,490.50
---------------------------------------------------------------------------------
$ 0.00
---------------------------------------------------------------------------------
$ 0.00 $ 7,182.00
---------------------------------------------------------------------------------
$ 0.00 $ 182.00
---------------------------------------------------------------------------------
50164 $ 0.00 $ 3,955.50
---------------------------------------------------------------------------------
$ 0.00 $ 11.00
XXXXXX 00000 $ 0.00 $ 1,499.00
---------------------------------------------------------------------------------
NECX 699233 $ 0.00 $ 1,599.95
---------------------------------------------------------------------------------
$ 0.00 $ 45.93
---------------------------------------------------------------------------------
701394 $ 0.00 $ 1,029.90
---------------------------------------------------------------------------------
$ 0.00 $ 6.11
---------------------------------------------------------------------------------
MICRON 4052440 7/28/98 $1,947.00 $ 0.00
---------------------------------------------------------------------------------
2456639 6/10/98 $2,021.00 $ 0.00
---------------------------------------------------------------------------------
6/10/98 $1,996.00 $ 0.00
---------------------------------------------------------------------------------
2341470 5/12/98 $2,495.00 $ 0.00
---------------------------------------------------------------------------------
$ 0.00 $ 0.00
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $8,459.00
-------------------------
TOTAL AMOUNT DUE TO VENDOR $59,823.89
----------
TOTAL DRAW $68,282.89
----------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date:_ 9/16/98
--------------------------- --------------
Page 1 of 1
SCHEDULE
--------
Schedule No. 10 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address
and serial number) Price Rent Vendor City, State and County
------------------- ----------- ---------- ---------- ----------------------
See Exhibit A attached hereto.
Total: $149,756.37 $4,073.37
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment
is received, installed and accepted for use, as shown
on the Acceptance Notice, and continue for 42 full
months after the "Rent Start Date."
Rent Start Date: This shall be the first day of the month following the
month during which the Base Term commences; provided,
however, that if the Equipment is accepted on the first
day of the month, the Rent Start Date shall commence on
the same day that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first
and last Rental Amount including any sales or use tax
and (2) an amount equal to 1/30th of the monthly rental
amount using a rate of 2.72% multiplied by the number
of days, if any, between (and including) the date the
Base Term commences and (but not including) the Rent
Start Date, except that, if the date of the Acceptance
Notice related to this Schedule is dated on or after
the 20th of the month, this amount shall not be
included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
Schedule No. 10 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease Position
for all, but not less than all, of the Equipment under all Schedules to the
Lease. Lessee shall provide written notice of its election to Lessor at least 90
days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$ 1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF TIES SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxx Xxxxxxxx
--------------------------- ------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxx Xxxxxxxx
--------------------------- ----------------------
Title: Contract Administrator Title: VP Finance
--------------------------- ------------------------------
Date: October 23, 1998 Date: October 23, 1998
--------------------------- ------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
-------------------------
00000 XXXXXXXX XXXXXX XX.
MASTER CONTRACT: 0135 Schedule: 10
--------------------------- ---
---------------------------------------------------------------------------------------------------------------------------------
L Total
Invoice Description Eq Serial o Invoic'd $ $ Pd By
Vendor Name No. of Item Cd Qty Number c Net of Sales Tax Lessee
---------------------------------------------------------------------------------------------------------------------------------
Static Control Products 22871 aerostat pc 2 1 y386953 1 439.00 439.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 34.02 34.02
---------------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 4.86 4.86
---------------------------------------------------------------------------------------------------------------------------------
22750 aerostat guardian 2 1 y402449 1 799.00 799.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 61.92 61.92
---------------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 8.63 8.63
---------------------------------------------------------------------------------------------------------------------------------
Asymtek 30901.1 automive 303 1 1 sn8633 1 16,630.00 16,630.00
---------------------------------------------------------------------------------------------------------------------------------
assy, 18xb counterbal.z 1 1 sn8634 1 2,315.00 2,315.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 978.83 978.83
---------------------------------------------------------------------------------------------------------------------------------
Office Furniture 3535 desk 30x60 6 9 1 4,131.00 4,131.00
---------------------------------------------------------------------------------------------------------------------------------
desk 36x72 6 1 1 509.00 509.00
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 50.00 50.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 363.48 363.48
---------------------------------------------------------------------------------------------------------------------------------
3596 mobile pedistal 6 3 1 525.00 525.00
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 50.00 50.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 44.56 44.56
---------------------------------------------------------------------------------------------------------------------------------
3546 4 drwr file 6 1 1 449.00 449.00
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 35.00 35.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 37.51 37.51
---------------------------------------------------------------------------------------------------------------------------------
3361 desk 30x60 6 2 1 918.00 918.00
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 50.00 50.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 75.02 75.02
---------------------------------------------------------------------------------------------------------------------------------
3390 desk 30x60 6 1 1 459.00 459.00
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 50.00 50.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 39.45 39.45
---------------------------------------------------------------------------------------------------------------------------------
Waters 263063052 service contract 26 1 1 4,391.00 4,391.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 77.11 77.11
---------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx 2264 prints framed & mated 10 2 1 950.00 950.00
---------------------------------------------------------------------------------------------------------------------------------
prints framed & mated 10 1 1 565.00 565.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 117.41 117.41
---------------------------------------------------------------------------------------------------------------------------------
2266 upgraded keyboard 1 1 1 75.25 75.25
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 5.83 5.83
---------------------------------------------------------------------------------------------------------------------------------
2257 reception station, artwk 6 1 1 6,068.00 6,068.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 470.27 470.27
---------------------------------------------------------------------------------------------------------------------------------
del & installation 27 1 1 225.00 225.00
---------------------------------------------------------------------------------------------------------------------------------
2258 lounge chairs 6 3 1 3,435.00 3,435.00
---------------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 266.21 266.21
---------------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 100.00 100.00
---------------------------------------------------------------------------------------------------------------------------------
2259 task chair 6 1 1 444.00 444.00
---------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
No entry required
Tax Pd --------------------------
Invoice Vndr? Check Transact Net $ Due Net $ Due
Vendor Name No. (Y/N) No. Date Lessee Vendor
--------------------------------------------------------------------------------------------------------------------
Static Control Products 22871 y 3399 7/30/98 $ 439.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3399 7/30/98 $ 34.02 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3399 7/30/98 $ 4.86 $0.00
--------------------------------------------------------------------------------------------------------------------
22750 y 3293 7/14/98 $ 799.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3293 7/14/98 $ 61.92 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3293 7/14/98 $ 8.63 $0.00
--------------------------------------------------------------------------------------------------------------------
Asymtek 30901.1 y 3334 7/23/98 $ 16,630.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3334 7/23/98 $ 2,315.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3334 7/23/98 $ 978.83 $0.00
--------------------------------------------------------------------------------------------------------------------
Office Furniture 3535 y 3537 9/2/98 $ 4,131.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3537 9/2/98 $ 509.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3537 9/2/98 $ 50.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3537 9/2/98 $ 363.48 $0.00
--------------------------------------------------------------------------------------------------------------------
3596 y 3670 9/18/98 $ 525.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3670 9/18/98 $ 50.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3670 9/18/98 $ 44.56 $0.00
--------------------------------------------------------------------------------------------------------------------
3546 y 3549 9/8/98 $ 449.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3549 9/8/98 $ 35.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3549 9/8/98 $ 37.51 $0.00
--------------------------------------------------------------------------------------------------------------------
3361 y 3353 7/23/98 $ 918.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3353 7/23/98 $ 50.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3353 7/23/98 $ 75.02 $0.00
--------------------------------------------------------------------------------------------------------------------
3390 y 3395 7/30/98 $ 459.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3395 7/30/98 $ 50.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3395 7/30/98 $ 39.45 $0.00
--------------------------------------------------------------------------------------------------------------------
Waters 263063052 y 3408 8/11/98 $ 4,391.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3408 8/11/98 $ 77.11 $0.00
--------------------------------------------------------------------------------------------------------------------
Xxxxxxx 2264 y 3440 8/21/98 $ 950.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3440 8/21/98 $ 565.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3440 8/21/98 $ 117.41 $0.00
--------------------------------------------------------------------------------------------------------------------
2266 y 3548 9/8/98 $ 75.25 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3548 9/8/98 $ 5.83 $0.00
--------------------------------------------------------------------------------------------------------------------
2257 y 3548 9/8/98 $ 6,068.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3548 9/8/98 $ 470.27 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3548 9/8/98 $ 225.00 $0.00
--------------------------------------------------------------------------------------------------------------------
2258 y 3410 8/11/98 $ 3,435.00 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3410 8/11/98 $ 266.21 $0.00
--------------------------------------------------------------------------------------------------------------------
y 3410 8/11/98 $ 100.00 $0.00
--------------------------------------------------------------------------------------------------------------------
2259 y 3410 8/11/98 $ 444.00 $0.00
--------------------------------------------------------------------------------------------------------------------
Page 1 of 3
Phoenix Leasing Incorporated
Funding Request
Exhibit A
---------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 34.10
----------------------------------------------------------------------------------------------------------------------------
2261 24" occ tble 6 1 1 687.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 53.24
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 50.00
----------------------------------------------------------------------------------------------------------------------------
2260 console table 6 1 1 782.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 60.61
----------------------------------------------------------------------------------------------------------------------------
Micron 4121719 micron comp ato 1 1 130717-0001 1 2,758.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 213.75
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------------
4086215 micron comp ato 1 1 1307116-0001 1 2,145.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 166.24
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------------
4075820 micron comp ato 1 1 1300793-0001 1 2,145.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 166.24
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------------
4075819 micron comp ato 1 1 1 2,046.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 158.57
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------------
4080946 micron comp ato 1 1 1300722-0001 1 2,046.00
----------------------------------------------------------------------------------------------------------------------------
salestax 29 1 1 158.57
----------------------------------------------------------------------------------------------------------------------------
freight 27 1 1 104.00
----------------------------------------------------------------------------------------------------------------------------
necx 0003n superstack II switch 1 1 1 1,499.95
----------------------------------------------------------------------------------------------------------------------------
722605 superstack II module 1 1 1 614.95
----------------------------------------------------------------------------------------------------------------------------
722242 freight 27 1 1 46.60
----------------------------------------------------------------------------------------------------------------------------
Superstack II 1 5 1 5,999.75
----------------------------------------------------------------------------------------------------------------------------
100 base fx 1 1 1 469.95
----------------------------------------------------------------------------------------------------------------------------
cable 1 3 1 182.85
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 348319ft02 disp wash system 2 1 90056 1 5,580.00
----------------------------------------------------------------------------------------------------------------------------
ins & freight 27 1 1 38.02
----------------------------------------------------------------------------------------------------------------------------
348319ft01 Multimek 96 pipettor 2 1 304151aps 1 40,920.00
----------------------------------------------------------------------------------------------------------------------------
multimek pro software 24 1 1 4,650.00
----------------------------------------------------------------------------------------------------------------------------
4 position labware deck 2 1 1 790.50
----------------------------------------------------------------------------------------------------------------------------
ins & freight 27 1 1 329.08
----------------------------------------------------------------------------------------------------------------------------
Inacom 8017475 keyboard, mouse assec 1 1 1 379.00
----------------------------------------------------------------------------------------------------------------------------
17" monitor 1 1 1 461.00
----------------------------------------------------------------------------------------------------------------------------
cd rom 1 1 1 374.00
----------------------------------------------------------------------------------------------------------------------------
ibm li-ion batt 1 1 1 216.00
----------------------------------------------------------------------------------------------------------------------------
shipping 27 1 1 11.60
----------------------------------------------------------------------------------------------------------------------------
8008480 ibm tp 600 1 1 1 2,339.00
----------------------------------------------------------------------------------------------------------------------------
shipping 27 1 1 18.30
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx 28383 universal pwr supply 2 1 1 1,950.00
----------------------------------------------------------------------------------------------------------------------------
photron u shape module 2 1 1 1,630.00
----------------------------------------------------------------------------------------------------------------------------
shipping 27 1 1 102.45
----------------------------------------------------------------------------------------------------------------------------
computer protection tech 0000-xxx xxxxxxx xx0 & casters 2 1 1 2,505.00
----------------------------------------------------------------------------------------------------------------------------
shipping 27 1 1 369.89
----------------------------------------------------------------------------------------------------------------------------
xxxxxxx scientific 3859485 8' vol super rem 2 1 1 3,972.75
----------------------------------------------------------------------------------------------------------------------------
storage unit 2 1 1 2,180.25
----------------------------------------------------------------------------------------------------------------------------
acid storage 2 1 1 886.50
----------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
34.10 y 3410 8/11/98 $ 34.10 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
2261 687.00 y 3410 8/11/98 $ 687.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
53.24 y 3410 8/11/98 $ 53.24 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
50.00 y 3410 8/11/98 $ 50.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
2260 782.00 y 3410 8/11/98 $ 782.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
60.61 y 3410 8/11/98 $ 60.61 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
Micron 4121719 2,758.00 y 3654 9/18/98 $ 2,758.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
213.75 y 3654 9/18/98 $ 213.75 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
104.00 y 3654 9/18/98 $ 104.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
4086215 2,145.00 y 3584 9/11/98 $ 2,145.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
166.24 y 3584 9/11/98 $ 166.24 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
104.00 y 3584 9/11/98 $ 104.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
4075820 2,145.00 y 3469 8/24/98 $ 2,145.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
166.24 y 3469 8/24/98 $ 166.24 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
104.00 y 3469 8/24/98 $ 104.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
4075819 2,046.00 y 3469 8/24/98 $ 2,046.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
158.57 y 3469 8/24/98 $ 158.57 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
104.00 y 3469 8/24/98 $ 104.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
4080946 2,046.00 y 3531 8/31/98 $ 2,046.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
158.57 y 3531 8/31/98 $ 158.57 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
104.00 y 3531 8/31/98 $ 104.00 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
necx 0003n 1,499.95 n 3527 8/26/98 $ 1,499.95 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
722605 614.95 n 3527 8/26/98 $ 614.95 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
722242 46.60 n 3527 8/26/98 $ 46.60 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
5,999.75 n 3527 8/26/98 $ 5,999.75 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
469.95 n 3527 8/26/98 $ 469.95 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
182.85 n 3527 8/26/98 $ 182.85 $ 0.00
---------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 348319ft02 $ 0.00 $ 5,580.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 38.02
---------------------------------------------------------------------------------------------------------------------------
348319ft01 $ 0.00 $40,920.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 4,650.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 790.50
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 329.08
---------------------------------------------------------------------------------------------------------------------------
Inacom 8017475 $ 0.00 $ 379.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 461.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 374.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 216.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 11.60
---------------------------------------------------------------------------------------------------------------------------
8008480 $ 0.00 $ 2,339.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 18.30
---------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx 28383 $ 0.00 $ 1,950.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 1,630.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 102.45
---------------------------------------------------------------------------------------------------------------------------
computer protection tech 4713-cpt $ 0.00 $ 2,505.00
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 369.89
---------------------------------------------------------------------------------------------------------------------------
xxxxxxx scientific 3859485 $ 0.00 $ 3,972.75
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 2,180.25
---------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 886.50
---------------------------------------------------------------------------------------------------------------------------
Page 2 of 3
Phoenix Leasing Incorporated
Funding Request
Exhibit A
------------------------------------------------------------------------------------------------------------------------------------
base vent 2 1 1 23.25
------------------------------------------------------------------------------------------------------------------------------------
epxy resin hood 2 1 1 672.00
------------------------------------------------------------------------------------------------------------------------------------
epxy cupsink 2 2 1 73.50
------------------------------------------------------------------------------------------------------------------------------------
remote control 2 2 1 169.50
------------------------------------------------------------------------------------------------------------------------------------
4066544 bal table 2 1 1 779.00
------------------------------------------------------------------------------------------------------------------------------------
3903757 glassware washer 2 1 1 4,090.65
------------------------------------------------------------------------------------------------------------------------------------
3974181 remote dispenser 2 1 1 401.00
------------------------------------------------------------------------------------------------------------------------------------
epure 3module sys 2 1 1 1,850.00
------------------------------------------------------------------------------------------------------------------------------------
3558226 remote control gas 2 2 1 130.00
------------------------------------------------------------------------------------------------------------------------------------
3628327 lb 4.5 ml pp 2 1 1 192.91
------------------------------------------------------------------------------------------------------------------------------------
0827169 jerrican flour hdpe 2 2 1 343.18
------------------------------------------------------------------------------------------------------------------------------------
1375068 tape 2 4 1 84.00
------------------------------------------------------------------------------------------------------------------------------------
guanidine thiocyanate 2 1 1 59.42
------------------------------------------------------------------------------------------------------------------------------------
188788 well strip ind 2 1 1 176.00
------------------------------------------------------------------------------------------------------------------------------------
1973610 thrm bi3 2 1 1 37.43
------------------------------------------------------------------------------------------------------------------------------------
2015207 tip ylw bulk 2 1 1 235.42
------------------------------------------------------------------------------------------------------------------------------------
2039210 utility cart 2 1 1 150.00
------------------------------------------------------------------------------------------------------------------------------------
glass beads 2 1 1 13.97
------------------------------------------------------------------------------------------------------------------------------------
2086763 epp carousel stand 2 5 1 495.00
------------------------------------------------------------------------------------------------------------------------------------
wash btl 2 3 1 45.33
------------------------------------------------------------------------------------------------------------------------------------
2107879 prtbl strd bal 2 1 1 74.25
------------------------------------------------------------------------------------------------------------------------------------
adapter 2 1 1 13.13
------------------------------------------------------------------------------------------------------------------------------------
2447487 tank closed dome 2 1 1 115.20
------------------------------------------------------------------------------------------------------------------------------------
2789542 shoe cvr nstyvek 2 1 1 50.32
------------------------------------------------------------------------------------------------------------------------------------
2812009 hzd signs 2 2 1 7.40
------------------------------------------------------------------------------------------------------------------------------------
2834922 membrane dialflo 2 1 1 170.00
------------------------------------------------------------------------------------------------------------------------------------
2879077 temp reg 2 1 1 21.50
------------------------------------------------------------------------------------------------------------------------------------
2926441 disp can disconn 2 1 1 291.38
------------------------------------------------------------------------------------------------------------------------------------
3198783 support stand 2 1 1 36.56
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
base vent $ 0.00 $ 23.25
------------------------------------------------------------------------------------------------------------------------------------
epxy resin hood $ 0.00 $ 672.00
------------------------------------------------------------------------------------------------------------------------------------
epxy cupsink $ 0.00 $ 73.50
------------------------------------------------------------------------------------------------------------------------------------
remote control $ 0.00 $ 169.50
------------------------------------------------------------------------------------------------------------------------------------
4066544 bal table $ 0.00 $ 779.00
------------------------------------------------------------------------------------------------------------------------------------
3903757 glassware washer $ 0.00 $ 4,090.65
------------------------------------------------------------------------------------------------------------------------------------
3974181 remote dispenser $ 0.00 $ 401.00
------------------------------------------------------------------------------------------------------------------------------------
epure 3module sys $ 0.00 $ 1,850.00
------------------------------------------------------------------------------------------------------------------------------------
3558226 remote control gas $ 0.00 $ 130.00
------------------------------------------------------------------------------------------------------------------------------------
3628327 lb 4.5 ml pp $ 0.00 $ 192.91
------------------------------------------------------------------------------------------------------------------------------------
0827169 jerrican flour hdpe $ 0.00 $ 343.18
------------------------------------------------------------------------------------------------------------------------------------
1375068 tape $ 0.00 $ 84.00
------------------------------------------------------------------------------------------------------------------------------------
guanidine thiocyanate $ 0.00 $ 59.42
------------------------------------------------------------------------------------------------------------------------------------
188788 well strip ind $ 0.00 $ 176.00
------------------------------------------------------------------------------------------------------------------------------------
1973610 thrm bi3 $ 0.00 $ 37.43
------------------------------------------------------------------------------------------------------------------------------------
2015207 tip ylw bulk $ 0.00 $ 235.42
------------------------------------------------------------------------------------------------------------------------------------
2039210 utility cart $ 0.00 $ 150.00
------------------------------------------------------------------------------------------------------------------------------------
glass beads $ 0.00 $ 13.97
------------------------------------------------------------------------------------------------------------------------------------
2086763 epp carousel stand $ 0.00 $ 495.00
------------------------------------------------------------------------------------------------------------------------------------
wash btl $ 0.00 $ 45.33
------------------------------------------------------------------------------------------------------------------------------------
2107879 prtbl strd bal $ 0.00 $ 74.25
------------------------------------------------------------------------------------------------------------------------------------
adapter $ 0.00 $ 13.13
------------------------------------------------------------------------------------------------------------------------------------
2447487 tank closed dome $ 0.00 $ 115.20
------------------------------------------------------------------------------------------------------------------------------------
2789542 shoe cvr nstyvek $ 0.00 $ 50.32
------------------------------------------------------------------------------------------------------------------------------------
2812009 hzd signs $ 0.00 $ 7.40
------------------------------------------------------------------------------------------------------------------------------------
2834922 membrane dialflo $ 0.00 $ 170.00
------------------------------------------------------------------------------------------------------------------------------------
2879077 temp reg $ 0.00 $ 21.50
------------------------------------------------------------------------------------------------------------------------------------
2926441 disp can disconn $ 0.00 $ 291.38
------------------------------------------------------------------------------------------------------------------------------------
3198783 support stand $ 0.00 $ 36.56
------------------------------------------------------------------------------------------------------------------------------------
$ 0.00 $ 0.00
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------
$ 0.00 $ 0.00
---------------------------------
TOTAL AMOUNT DUE TO LESSEE $ 69 251.73
---------------------------------
TOTAL AMOUNT DUE TO VENDOR $ 80 504.64
----------------
TOTAL DRAW $149 756.37
----------------
Lessee Signature: /s/ Xxxxx Xxxxxxxx Date: 10/20/98
----------------------------- -----------
Page 3 of 3
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 11 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address City,
and serial number) Price Rent Vendor State and County
-------------------- ---------- ------ --------- ----------------------
See Exhibit A attached hereto.
Total: $130,902.76 $3,560.56
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after
the "Rent Start Date."
Rent Start Date: This shall be the first day of the month following the
month during which the Base Term commences; provided,
however, that if the Equipment is accepted on the first
day of the month, the Rent Start Date shall commence on
the same day that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2)
an amount equal to 1/30th of the monthly rental amount
using a rate of 2.72% multiplied by the number of days, if
any, between (and including) the date the Base Term
commences and (but not including) the Rent Start Date,
except that, if the date of the Acceptance Notice related
to this Schedule is dated on or after the 20th of the
month, this amount shall not be included in the Base Rent
Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the schedule be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
Schedule (Additional Commitment) No. 11 to Lease
Dated as of February 5, 1998
Between SEQUENOM INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position:(a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the First
Schedule to the Lease. That choice shall be an election of Lessee's End of
Lease Position for all, but not less than all of the Equipment under all
Schedules to the Lease. Lessee shall provide written notice of its
election to Lessor at least 90 days prior to the end of the Base Term of
the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment Purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx Xxxxxxxx
--------------------------------- ------------------------------------
Name: Xxxxx Xxxxxx Name (Print): Xxxxxxx Xxxxxxxx
------------------------------- -----------------------------------
Title: Contract Administrator Title: SVP FINANCE
------------------------------ ---------------------------------
Date:_______________________________ Date:__________________________________
ACCEPTANCE NOTICE
SCHEDULE (ADDITIONAL COMMITMENT) NO. 11
Reference is made to the Master Equipment Lease dated as of February 5, 1998
between PHOENIX LEASING INCORPORATED as Lessor and SEQUENOM, INC. as Lessee (the
"Lease").
Lessee confirms that the following Equipment has been received, installed and is
ready for use by Lessee. The Equipment is satisfactory in all respects for the
purposes of this Lease as of the date Lessee executes this Notice below.
Description of
Equipment (quantity, Purchase Mfr./ Street Address City,
model and serial number) Price Rent Vendor State and County
-------------------------- ---------- ------ --------- ----------------------
See Exhibit A attached hereto.
Total: $130,902.76 $3,560.56
THE LEASE MAY NOT BE CHANGED, ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN
WRITING SIGNED BY AN OFFICER OF LESSOR AND A DULY AUTHORIZED REPRESENTATIVE OF
LESSEE.
IN WITNESS WHEREOF, Lessee has executed this Acceptance Notice as of January 1,
1999.
SEQUENOM, INC.
By: /s/ Xxxxxxx Xxxxxxxx
-------------------------------------
Name: Xxxxxxx Xxxxxxxx
-----------------------------------
Title: SVP Finance
----------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
--------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 11
------ ------
---------------------------------------------------------------------------------------------------------------------------------
Total
Item Invoice Description Eq Serial Invoic'd $ $ Pd By
No Vendor Name No. of Item Cd Qty Number LOC Net of Sls Tax Lessee
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
1 Micron 4184588 Millennia 400 Max 1 1 1 2,573.00 2,573.00
---------------------------------------------------------------------------------------------------------------------------------
2 4134949 micron Computer ATO 1 1 1 2,563.00 2,563.00
---------------------------------------------------------------------------------------------------------------------------------
3 4161499 Millennia 333 1 1 1 1,826.00 1,826.00
---------------------------------------------------------------------------------------------------------------------------------
4 MJ Research 52848 DNA Chassis 2 1 EN008435 1 4,945.50
---------------------------------------------------------------------------------------------------------------------------------
5 Alpha Unit 2 2 al019740,
al017681 1 3,590.00
---------------------------------------------------------------------------------------------------------------------------------
6 freight 27 1 1 51.00
---------------------------------------------------------------------------------------------------------------------------------
7 Inacom 8173337 IBM 1 1 78bcy16 1 3,065.00
---------------------------------------------------------------------------------------------------------------------------------
8 keyboard, adapter etc 1 1 531.00
---------------------------------------------------------------------------------------------------------------------------------
9 freight 27 1 1 8.26
---------------------------------------------------------------------------------------------------------------------------------
10 biosystems 90182528 ABI PRISM 2 1 10000750 1 102,150.00
---------------------------------------------------------------------------------------------------------------------------------
11 SOFTWARE 24 1 1 5,500.00
---------------------------------------------------------------------------------------------------------------------------------
12 KIT 48CM 2 1 1 2,000.00
---------------------------------------------------------------------------------------------------------------------------------
13 KIT36CM 2 1 1 1,300.00
---------------------------------------------------------------------------------------------------------------------------------
14 KIT 12CM 1 1 1 800.00
---------------------------------------------------------------------------------------------------------------------------------
#REF!
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
No entry required
---------------------------
Tax Pd
Item Vndr? Chk Transact Net $ Due Net $ Due
No Vendor Name (Y/N) No. Date Lessee Vendor
---------------------------------------------------------------------------------------------
1 Micron N 3851 10/19/98 $2,573.00 $ 0.00
---------------------------------------------------------------------------------------------
2 N 3693 9/22/98 $2,563.00 $ 0.00
---------------------------------------------------------------------------------------------
3 N 3786 10/13/98 $1,826.00 $ 0.00
---------------------------------------------------------------------------------------------
4 MJ Research $ 0.00 $ 4,945.50
---------------------------------------------------------------------------------------------
5 $ 0.00 $ 3,590.00
---------------------------------------------------------------------------------------------
6 $ 0.00 $ 51.00
---------------------------------------------------------------------------------------------
7 Inacom $ 0.00 $ 3,065.00
---------------------------------------------------------------------------------------------
8 $ 0.00 $ 531.00
---------------------------------------------------------------------------------------------
9 $ 0.00 $ 8.26
---------------------------------------------------------------------------------------------
10 biosystems $ 0.00 $102.150.00
---------------------------------------------------------------------------------------------
11 $ 0.00 $ 5,500.00
---------------------------------------------------------------------------------------------
12 $ 0.00 $ 2,000.00
---------------------------------------------------------------------------------------------
13 $ 0.00 $ 1,300.00
---------------------------------------------------------------------------------------------
14 $ 0.00 $ 800.00
---------------------------------------------------------------------------------------------
#REF!
---------------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $6,962.00
---------------------------
TOTAL AMOUNT DUE TO VENDOR $123,940.76
-----------
TOTAL DRAW $130,902.76
-----------
Lessee Signature: /s/ Xxxxxxx Xxxxxxxx Date: 12/14/98
----------------------------- --------
Page 1 of 1
Property of Phoenix Leasing Incorporated
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 12 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./ Vendor County
---------------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $179,913.85 $4,893.66
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month,
the Rent Start Date shall commence on the same day that the
Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales of use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
Schedule (Additional Commitment) No.12 to Lease
Dated as of February 5, 1998
Beteen SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND
Schedule (Additional Commitment) No. 12 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
CONDITIONS OF THIS SCHEDULE AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,
1998 BETWEEN LESSEE AND LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER
EQUIPMENT LEASE ARE HEREBY INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO
THE SAME EXTENT AS IF SUCH TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ By: /s/
--------------------------------- -------------------------------
Name: Xxxx Xxxxxxx Name (Print):
------------------------------ ---------------------
Title: Contract Administrator Title:
------------------------------ ----------------------------
Date: 2-1-99 Date: 2-1-99
------------------------------ ----------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom, Inc.
--------------
00000 Xxxxxxxx Xxxxxx Xxxx
Master Contact: 0135 Schedule: 12
---------------------- --
Total
L Invoic'd
Item Eq Serial O Net of Sls $ Pd By
No Vendor Name Invoice No Description of Item Cd Qty Number C Tx Lessee
--------------------------------------------------------------------------------------------------------------------------------
1 X.X. XXXXXX INC. 113170 Microscope System 2 1 1 2,720.80 2,720.80
--------------------------------------------------------------------------------------------------------------------------------
2 X.X. XXXXXX INC. 113384 Auxiliary Object. for Micr 2 1 1 102.60 102.60
--------------------------------------------------------------------------------------------------------------------------------
3 BAAN BUSINESS SYSTEMS B1011 SOFTWARE 24 15 1 106,910.00 106,910.00
- CA
--------------------------------------------------------------------------------------------------------------------------------
4 CONTINUUM 123146 MINILITE LASER 2 1 3584 1 15,000.00 0.00
--------------------------------------------------------------------------------------------------------------------------------
5 XXXXXX SCIENTIFIC 5101592 FREEZER 2 1 1 2,171.04 2,171.04
--------------------------------------------------------------------------------------------------------------------------------
6 XXXXXX SCIENTIFIC 5101592 FLAM MTRL STRG REF 2 1 1 2,260.91 2,260.91
--------------------------------------------------------------------------------------------------------------------------------
7 LASER SCIENCE 00007782 ADJUST. F/O COLLIMATOR 2 1 1 1,095.00
--------------------------------------------------------------------------------------------------------------------------------
8 LASER SCIENCE 00007782 FREIGHT 27 1 1324 1 10.00
--------------------------------------------------------------------------------------------------------------------------------
9 XXXXXX C15336 WAIVEFOREM RETRO FIT KIT 24 1 AL019 563 1 1,250.00 1,250.00
--------------------------------------------------------------------------------------------------------------------------------
10 MJ RESEARCH 53440 ALPHA POWER BONNET 2 1 AL019 564 1 4,855.50
--------------------------------------------------------------------------------------------------------------------------------
11 MJ RESEARCH 53440 ALPHA POWER BONNET 2 1 AL019 729 1 4,855.50
--------------------------------------------------------------------------------------------------------------------------------
12 MJ RESEARCH 53440 ALPHA POWER BONNET 2 1 1 4,855.50
--------------------------------------------------------------------------------------------------------------------------------
13 MJ RESEARCH 53440 FREIGHT 27 1 1 52.00
--------------------------------------------------------------------------------------------------------------------------------
14 MICRON 4221921 INTEL PEN II 450 MHZ SYSTEM 1 2 1 4,036.00 4,036.00
--------------------------------------------------------------------------------------------------------------------------------
15 MICRON 4261309 450 MGHZ MINI-TOWER SYSTEMS 1 5 1 11,011.00 11,011.00
--------------------------------------------------------------------------------------------------------------------------------
16 MICRON 4208919 400 MICRO TOWER SYS 1 1 1 1,768.00 1,768.00
--------------------------------------------------------------------------------------------------------------------------------
17 MICRON 4167115 33 MGHZ MICROTWR 1 1 1 1,945.00 1,945.00
--------------------------------------------------------------------------------------------------------------------------------
18 MOLECULAR BIOLOGY 497 PRIMER ANALYSIS SOFTWARE 24 1 1 1,200.00 0.00
--------------------------------------------------------------------------------------------------------------------------------
19 MOLECULAR BIOLOGY 497 FREIGHT 27 1 1 20.00
--------------------------------------------------------------------------------------------------------------------------------
20 OFFICE FURNITURE OUTLET 3833 EXECUTIVE "U" UNIT 6 1 1 1,679.00 1,679.00
W/CREDENZA'S
--------------------------------------------------------------------------------------------------------------------------------
21 OFFICE FURNITURE OUTLET 3833 DEBONAIR LATERAL FILES 6 2 1 594.00 594.00
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
No entry required
Tax Pd ----------------------------------
Item Vndr? Transact Net $ Due Net $ Due P
No Vendor Name Invoice No (Y/N) Chk No. Date Lessee Vendor
--------------------------------------------------------------------------------------------------------------
1 X.X. XXXXXX INC. 113170 Y 4257 1/8/99 $ 2,720.80 $ 2,720.80 N
--------------------------------------------------------------------------------------------------------------
2 X.X. XXXXXX INC. 113384 Y 4257 1/8/99 $ 102.60 $ 102.60 N
--------------------------------------------------------------------------------------------------------------
3 BAAN BUSINESS SYSTEMS B1011 Y 4298 1/12/99 $106,910.00 $106,910.00 N
- CA
--------------------------------------------------------------------------------------------------------------
4 CONTINUUM 123146 N $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
5 XXXXXX SCIENTIFIC 5101592 Y 4206 1/7/99 $ 2,171.04 $ 2,171.04 N
--------------------------------------------------------------------------------------------------------------
6 XXXXXX SCIENTIFIC 5101592 Y 4206 1/7/99 $ 2,260.91 $ 2,260.91 N
--------------------------------------------------------------------------------------------------------------
7 LASER SCIENCE 00007782 N $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
8 LASER SCIENCE 00007782 N $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
9 XXXXXX C15336 Y 4131 12/11/98 $ 1,250.00 $ 1,250.00 N
--------------------------------------------------------------------------------------------------------------
10 MJ RESEARCH 53440 Y $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
11 MJ RESEARCH 53440 Y $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
12 MJ RESEARCH 53440 Y $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
13 MJ RESEARCH 53440 Y $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
14 MICRON 4221921 Y 4255 1/6/99 $ 4,036.00 $ 4,036.00 N
--------------------------------------------------------------------------------------------------------------
15 MICRON 4261309 Y 4255 1/6/99 $ 11,011.00 $ 11,011.00 N
--------------------------------------------------------------------------------------------------------------
16 MICRON 4208919 Y 3980 11/10/98 $ 1,768.00 $ 1,768.00 N
--------------------------------------------------------------------------------------------------------------
17 MICRON 4167115 Y 4061 11/23/98 $ 1,945.00 $ 1,945.00 N
--------------------------------------------------------------------------------------------------------------
18 MOLECULAR BIOLOGY 497 N $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
19 MOLECULAR BIOLOGY 497 N $ 0.00 $ 0.00 N
--------------------------------------------------------------------------------------------------------------
20 OFFICE FURNITURE OUTLET 3833 Y 4150 12/11/98 $ 1,679.00 $ 1,679.00 N
--------------------------------------------------------------------------------------------------------------
21 OFFICE FURNITURE OUTLET 3833 Y 4150 12/11/98 $ 594.00 $ 594.00 N
--------------------------------------------------------------------------------------------------------------
Schedule (Additional Commitment) No. 12 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
22 OFFICE FURNITURE 3833 BOOKCASE 72" HIGH 6 2 1 388.00 388.00 Y 4150 12/11/98 $ 388.00
OUTLET
-----------------------------------------------------------------------------------------------------------------------------------
23 OFFICE FURNITURE 3833 XXXXXXXX ROUND 6 1 1 395.00 395.00 Y 4150 12/11/98 $ 395.00
OUTLET TABLE
-----------------------------------------------------------------------------------------------------------------------------------
24 OFFICE FURNITURE 3833 MULTI-TAXK CHAIRS 6 1 1 309.00 309.00 Y 4150 12/11/98 $ 309.00
OUTLET
-----------------------------------------------------------------------------------------------------------------------------------
25 OFFICE FURNITURE 3833 FOOT REST 6 1 1 39.00 39.00 Y 4150 12/11/98 $ 39.00
OUTLET
-----------------------------------------------------------------------------------------------------------------------------------
26 OFFICE FURNITURE 3833 SLED BASE 6 6 1 600.00 600.00 Y 4150 12/11/98 $ 600.00
OUTLET
-----------------------------------------------------------------------------------------------------------------------------------
27 ORACLE 1074022 ORACLE DEVELOPER 24 1 1 4,796.00 0.00 Y $ 0.00
-----------------------------------------------------------------------------------------------------------------------------------
28 ORACLE 1074022 FREIGHT 27 1 1 15.00 Y $ 0.00
-----------------------------------------------------------------------------------------------------------------------------------
29 PGC SCIENTIFICS 577011 ROTOR FOR CENTRI 2 1 1 1,035.00 1,035.00 Y 4081 12/3/98 $ 1,035.00
-----------------------------------------------------------------------------------------------------------------------------------
30 PGC SCIENTIFICS 577227 CENTRIFUGE 2 1 1 3,945.00 3,945.00 Y 4081 12/3/98 $ 3,945.00
-----------------------------------------------------------------------------------------------------------------------------------
----------------
$ 143,159.35
----------------
--------------------------------------------------------------
22 OFFICE FURNITURE 3833 $ 388.00 N
OUTLET
--------------------------------------------------------------
23 OFFICE FURNITURE 3833 $ 395.00 N
OUTLET
--------------------------------------------------------------
24 OFFICE FURNITURE 3833 $ 309.00 N
OUTLET
--------------------------------------------------------------
25 OFFICE FURNITURE 3833 $ 39.00 N
OUTLET
--------------------------------------------------------------
26 OFFICE FURNITURE 3833 $ 600.00 N
OUTLET
--------------------------------------------------------------
27 ORACLE 1074022 $ 0.00 N
--------------------------------------------------------------
28 ORACLE 1074022 $ 0.00 N
--------------------------------------------------------------
29 PGC SCIENTIFICS 577011 $ 1,035.00 N
--------------------------------------------------------------
30 PGC SCIENTIFICS 577227 $ 3,945.00 N
--------------------------------------------------------------
--------------
$ 36,754.50
--------------
$179,913.85
--------------
Lesseee Signature: /s/ Date: 1/25/99
-------------------- ---------
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 13 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./Vendor County
----------------------------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $286,868.16 $7,802.81
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales of use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
Schedule (Additional Commitment) No. 13 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease Position
for all, but not less than all, of the Equipment under all Schedules to the
Lease. Lessee shall provide written notice of its election to Lessor at least 90
days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND
Schedule (Additional Commitment) No. 13 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
CONDITIONS OF THIS SCHEDULE AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,
1998 BETWEEN LESSEE AND LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER
EQUIPMENT LEASE ARE HEREBY INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO
THE SAME EXTENT AS IF SUCH TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ By: /s/
------------------------- -----------------------------
Name: Xxxx Xxxxxxx Name (Print):___________________
-----------------------
Title: Contract Administrator Title:__________________________
----------------------
Date: 2-1-99 Date: 2-1-99
----------------------- --------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom, Inc.
--------------
00000 Xxxxxxxx Xxxxxx Xxxx
Master Contact: 0135 Schedule: 13
-------------------------------- --
----------------------------------------------------------------------------------------------------------------------------------
L Total Invoic'd $ Pd By Tax Pd
Item Invoice Description of Eq Serial O Net of Sls Tx Lessee Vndr? Chk
No Vendor Name No Item Cd Qty Number C (Y/N) No.
----------------------------------------------------------------------------------------------------------------------------------
1 Robocon Inc. RUS98-3 Robotic Assembly 2 1 1 88,962.72 88,962.72 N 4082
System
----------------------------------------------------------------------------------------------------------------------------------
2 Robocon Inc. RUS98-4 Robotic Assembly 2 1 1 88,962.72 88,962.72 N 4193
System
----------------------------------------------------------------------------------------------------------------------------------
3 Robocon Inc. RUS98-11 Robotic Assembly 2 1 1 108,942.72 N
System
----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Item Invoice Transact
No Vendor Name No Date No entry required
------------------------------------------------------------------------------------
Net $ Due Net $ Due
Lessee Vendor
------------------------------------------------------------------------------------
1 Robocon Inc. RUS98-3 12/3/98 $ 88,962.72 $ 0.00 P
------------------------------------------------------------------------------------
2 Robocon Inc. RUS98-4 12/24/98 $ 88,962.72 $ 0.00 N
------------------------------------------------------------------------------------
3 Robocon Inc. RUS98-11 $ 0.00 $108,942.72 N
------------------------------------------------------------------------------------
---------------------------------
$177,925.44
---------------------------------
$108,942.72
------------------
$286,868.16
------------------
Lessee Signature: /s/ Date: 1/25/99
---------------- ------------
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 14 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./ Vendor County
----------------------------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $27,309.62 $742.82
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however, that
if the Equipment is accepted on the first day of the month,
the Rent Start Date shall commence on the same day that the
Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and last
Rental Amount including any sales of use tax and (2) an amount
equal to 1/30th of the monthly rental amount using a rate of
2.72% multiplied by the number of days, if any, between (and
including) the date the Base Term commences and (but not
including) the Rent Start Date, except that, if the date of
the Acceptance Notice related to this Schedule is dated on or
after the 20th of the month, this amount shall not be included
in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
00000 Xxxxxxx Xxxxxx Xxxx P.O. Box 200432
San Diego, CA 92121 Xxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx, Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND
CONDITIONS OF THIS SCHEDULE AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,
1998 BETWEEN LESSEE AND LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER
EQUIPMENT LEASE ARE HEREBY INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO
THE SAME EXTENT AS IF SUCH TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ By: /s/
----------------------------------- ----------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxxxx Xxxxxxxx
--------------------------------- ------------------------
Title: Contract Administrator Title: Manager of Finance
-------------------------------- -------------------------------
Date: March 29, 1999 Date: March 29, 1999
-------------------------------- -------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom, Inc.
------------------------
00000 Xxxxxxxx Xxxxxx Xxxx
Master Contact: 0135 Schedule: 14
----------------- ----------
----------------------------------------------------------------------------------------------------------------------
Total
L Invoic'd
Item Invoice Eq Serial O Net of Sls
No Vendor Name No Description of Item Cd Qty Number C Tx
------------------------------------------------------------------------------------------------------------------
1 MICRON 4297740 MILLENIA 1 1 1 2,047.00
------------------------------------------------------------------------------------------------------------------
2 FREIGHT 27 1 1 84.00
------------------------------------------------------------------------------------------------------------------
3 INACOM 8279282 HP COLOR LASERJET 1 1 JPCB002574 1 6,673.00
PRINTER &ASSEC
------------------------------------------------------------------------------------------------------------------
4 FREIGHT 27 1 1 83.77
------------------------------------------------------------------------------------------------------------------
5 PGC SCIENTIFIC 579826 UNDERCOUNTER ICE MAKER 2 1 1 1,995.00
------------------------------------------------------------------------------------------------------------------
6 SALES TAX 29 1 1 154.61
------------------------------------------------------------------------------------------------------------------
7 VWR 19921630 BAL, ANALYT, BASIC 2 1 1 2,021.00
------------------------------------------------------------------------------------------------------------------
8 SALES TAX 29 1 1 156.63
------------------------------------------------------------------------------------------------------------------
9 MJ RESEARCH 52347 ALPHA POWER BONNET 2 1 ALO18501 1 4,855.50
------------------------------------------------------------------------------------------------------------------
10 FREIGHT 27 1 1 51.00
------------------------------------------------------------------------------------------------------------------
11 SALES TAX 29 1 1 376.30
------------------------------------------------------------------------------------------------------------------
12 XXXXXXX SCIENTIFIC 5932093 REFRG, MEDICAL 2 1 1 5,285.39
------------------------------------------------------------------------------------------------------------------
13 SALES TAX 29 1 1 409.62
------------------------------------------------------------------------------------------------------------------
14 PNP COMPUTERS 746 ASUS P2BD INTEL 1 1 1 2,892.80
------------------------------------------------------------------------------------------------------------------
15 SALES TAX 29 1 1 224.00
------------------------------------------------------------------------------------------------------------------
16
------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------
Tax Pd No entry required
------------------------
Item $ Pd By Vndr? Chk Transact Net $ Due Net $ Due
No Vendor Name Lessee (Y/N) No. Date Lessee Vendor
------------------------------------------------------------------------------------------------
1 MICRON 2,047.00 N 4372 1/20/99 $ 2,047.00 $ 0.00
------------------------------------------------------------------------------------------------
2 84.00 N 4372 1/20/99 $ 84.00 $ 0.00
------------------------------------------------------------------------------------------------
3 INACOM 6,673.00 Y 4368 1/20/99 $ 6,673.00 $ 0.00
------------------------------------------------------------------------------------------------
4 83.77 Y 4368 1/20/99 $ 83.77 $ 0.00
------------------------------------------------------------------------------------------------
5 PGC SCIENTIFIC 1,995.00 Y 4378 1/20/99 $ 1,995.00 $ 0.00
------------------------------------------------------------------------------------------------
6 154.61 Y 4378 1/20/99 $ 154.61 $ 0.00
------------------------------------------------------------------------------------------------
7 VWR 2,021.00 Y 4336 1/15/99 $ 2,021.00 $ 0.00
------------------------------------------------------------------------------------------------
8 156.63 Y 4336 1/15/99 $ 156.63 $ 0.00
------------------------------------------------------------------------------------------------
9 MJ RESEARCH 4,855.50 Y 4473 2/4/99 $ 4,855.50 $ 0.00
------------------------------------------------------------------------------------------------
10 51.00 Y 4473 2/4/99 $ 51.00 $ 0.00
------------------------------------------------------------------------------------------------
11 376.30 Y 4473 2/4/99 $ 376.30 $ 0.00
------------------------------------------------------------------------------------------------
12 XXXXXXX SCIENTIFIC 5,285.39 Y 4464 2/4/99 $ 5,285.39 $ 0.00
------------------------------------------------------------------------------------------------
13 409.62 Y 4464 2/4/99 $ 409.62 $ 0.00
------------------------------------------------------------------------------------------------
14 PNP COMPUTERS 2,892.80 Y 4434 1/28/99 $ 2,892.80 $ 0.00
------------------------------------------------------------------------------------------------
15 224.00 Y 4434 1/28/99 $ 224.00 $ 0.00
------------------------------------------------------------------------------------------------
16
------------------------------------------------------------------------------------------------
$27,309.62
------------------------
$ 0.00
------------
$27,309.62
------------
Lessee Signature: /s/ Date: 3/9/99
------------------------ -------
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 15 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./ Vendor County
----------------------------------------------------------------------------------------------------
See Exhibit A attached hereto
Total: $93,048.59 $2,530.92
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor: (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales of use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
92
Schedule (Additional Commitment) No. 15 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
--------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
11555 Sorento Valley Road Department 05980
Xxx Xxxxx, XX 00000 X.X. Xxx 00000
Xxxxxxxxx: Xx. Xxxxx Xxxxxxxx, Vice President, Xxx Xxxxxxxxx, XX 00000-0000
Finance and Administration
D. Casualty Values: See attachment hereto.
----------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
-------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
---------------------- --------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
93
Schedule (Additional Commitment) No. 15 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ By: /s/
--------------------------- ---------------------------------
Name: Xxxx Xxxxxxx Name (Print):
------------------------- -----------------------
Title: Contract Administrator Title:
------------------------ ------------------------------
Date: 5-28-99 Date: 5-28-99
------------------------ -------------------------------
94
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom, Inc.
--------------------------
00000 Xxxxxxxx Xxxxxx Xxxx
Master Contact: 0135 Schedule: 15
-------------------------- --
-----------------------------------------------------------------------------------------------------------------
Vendor Name Invoice Description of Eq Serial O Total Invoic'd $ Pd By Vndr?
No Item Cd Qty Number C Net of Sls Tx Lessee (Y/N)
-----------------------------------------------------------------------------------------------------------------
GESIM R990015 8 CHANNEL 2 1 1 41,168.01 41,168.01 N WIRE
NANOPLOTTER
-----------------------------------------------------------------------------------------------------------------
R990016 1 CHANNEL 2 1 1 21,830.03 21,830.03 N WIRE
NANOPLOTTER
-----------------------------------------------------------------------------------------------------------------
R990019 4 CHANNEL 2 1 1 30,050.55 30,050.55 N WIRE
NANOPLOTTER
-----------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
No entry required
------------------------
Vendor Name Invoice Description of Transact Net $ due Net $ due
No Item Date Lessee Vendor
--------------------------------------------------------------------------------
GESIM R990015 8 CHANNEL 4/14/99 $41,168.01 $ 0.00
NANOPLOTTER
--------------------------------------------------------------------------------
R990016 1 CHANNEL 4/14/99 $21,830.03 $ 0.00
NANOPLOTTER
--------------------------------------------------------------------------------
R990019 4 CHANNEL 4/14/99 $30,050.55 $ 0.00
NANOPLOTTER
--------------------------------------------------------------------------------
$ 0.00 $ 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
$93,048.59
--------------------------------------------------------------------------------
$ 0.00
----------
$93,048.59
----------
Lessee Signature: /s/ Date: 5/3/99
----------- -------------
95
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 16 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment (quantity,
model and Purchase Mfr./ Street Address
serial number) Price Rent Vendor City, State and County
------------------- -------- ---- ------ ----------------------
See Exhibit A attached hereto.
Total: $31,256.60 $850.18
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after the
"Rent Start Date."
Rent Start Date: This shall be the first day of the month following the month
during which the Base Term commences; provided, however,
that if the Equipment is accepted on the first day of the
month, the Rent Start Date shall commence on the same day
that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price):2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2) an
amount equal to 1/30th of the monthly rental amount using a
rate of 2.72% multiplied by the number of days, if any,
between (and including) the date the Base Term commences and
(but not including) the Rent Start Date, except that, if the
date of the Acceptance Notice related to this Schedule is
dated on or after the 20th of the month, this amount shall
not be included in the Base Rent Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
11555 Sorrento Valley Road Department 05980
Xxx Xxxxx, XX 00000 X.X. Xxx 00000
Xxx Xxxxxxxxx, XX 00000-0000
Attention: Xx. Xxxxx Xxxxxxxx,
Vice President, Finance and Administration
Schedule (Additional Commitment) No. 16 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position:(a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first
Schedule to the Lease. That choice shall be an election of Lessee's End of
Lease Position for all, but not less than all of the Equipment under all
Schedules to the Lease. Lessee shall provide written notice of its election
to Lessor at least 90 days prior to the end of the Base Term of the first
Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment Purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
--------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
--------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ X. Xxxxxxxx
-------------------------- ---------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxxxx Xxxxxxxx
------------------------ -----------------------
Title: Contract Admin Title: Finance Mgr
----------------------- ------------------------------
Date: 6-1-99 Date: 6-1-99
------------------------ -------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
--------------------------
00000 XXXXXXXX XXXXXX XXXX
XXX XXXXX, XX 00000
Master Contract: 0135 Schedule: 16
---------- -------
Total
L Invoic'd $ Tax Pd
Item Invoice Description Eq Serial O Net of Sls $ Pd By Vndr? Chk
No Vendor Name No. of Item Cd Qty Number C Tax Lessee (Y/N) No.
------------------------------------------------------------------------------------------------------------
1 MICRON 4400705 MILLENNIA 400 1 1 1 2,065.00 2,065.00 N 5120
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 104.00 104.00 N 5120
------------------------------------------------------------------------------------------------------------
2 4419515 MILLENNIA 400 1 3 1 5,256.00 5,256.00 N 5120
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 208.00 208.00 N 5120
------------------------------------------------------------------------------------------------------------
3 4426958 MILLENNIA 400 1 1 1 1,825.00 1,825.00 N 5120
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 94.00 94.00 N 5120
------------------------------------------------------------------------------------------------------------
4 4394221 MILLENNIA 400 1 1 1 1,850.00 1,850.00 N 4970
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 104.00 104.00 N 4970
------------------------------------------------------------------------------------------------------------
5 4399320 MILLENNIA 400 1 1 1 1,752.00 1,752.00 N 4970
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 104.00 104.00 N 4970
------------------------------------------------------------------------------------------------------------
6 4399338 MILLENNIA 400 1 1 1 1,752.00 1,752.00 N 4970
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 104.00 104.00 N 4970
------------------------------------------------------------------------------------------------------------
7 4400723 MILLENNIA 400 1 1 1 2,543.00 2,543.00 N 4970
------------------------------------------------------------------------------------------------------------
FREIGHT 27 1 1 104.00 104.00 N 4970
------------------------------------------------------------------------------------------------------------
8 4378727 MILLENNIA 400 1 1 1 3,358.00 3,358.00 N 4822
------------------------------------------------------------------------------------------------------------
9 FREIGHT 27 1 1 84.00 84.00 N 4822
------------------------------------------------------------------------------------------------------------
10 4378726 MILLENNIA 350 1 1 1 2,226.00 2,226.00 N 4822
------------------------------------------------------------------------------------------------------------
11 FREIGHT 27 1 1 84.00 84.00 N 4822
------------------------------------------------------------------------------------------------------------
12 4375811 MILLENNIA 400 1 1 1 1,654.00 1,654.00 N 4822
------------------------------------------------------------------------------------------------------------
13 FREIGHT 27 1 1 104.00 104.00 N 4822
------------------------------------------------------------------------------------------------------------
14 4376643 MILLENNIA 400 1 2 1 3,386.00 3,386.00 N 4822
------------------------------------------------------------------------------------------------------------
15 FREIGHT 27 1 1 208.00 208.00 N 4822
------------------------------------------------------------------------------------------------------------
16 INACOM 8462438 HP VECTRA VE 2 1 1 1,775.00 1,775.00 Y 5004
------------------------------------------------------------------------------------------------------------
17 MICROSOFT PRO 97 24 1 1 493.00 493.00 Y 5004
------------------------------------------------------------------------------------------------------------
18 FREIGHT 27 1 1 19.60 19.60 Y 5004
------------------------------------------------------------------------------------------------------------
19
------------------------------------------------------------------------------------------------------------
No entry required
-----------------------------
Item Invoice Description Transact Net $ Due Net $ Due
No Vendor Name No. of Item Date Lessee Vendor
--------------------------------------------------------------------------------------
1 MICRON 4400705 MILLENNIA 400 5/13/99 $ 2,065.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 5/13/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
2 4419515 MILLENNIA 400 5/13/99 $ 5,256.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 5/13/99 $ 208.00 $ 0.00
--------------------------------------------------------------------------------------
3 4426958 MILLENNIA 400 5/13/99 $ 1,825.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 5/13/99 $ 94.00 $ 0.00
--------------------------------------------------------------------------------------
4 4394221 MILLENNIA 400 4/22/99 $ 1,850.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 4/22/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
5 4399320 MILLENNIA 400 4/22/99 $ 1,752.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 4/22/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
6 4399338 MILLENNIA 400 4/22/99 $ 1,752.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 4/22/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
7 4400723 MILLENNIA 400 4/22/99 $ 2,543.00 $ 0.00
--------------------------------------------------------------------------------------
FREIGHT 4/22/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
8 4378727 MILLENNIA 400 3/30/99 $ 3,358.00 $ 0.00
--------------------------------------------------------------------------------------
9 FREIGHT 3/30/99 $ 84.00 $ 0.00
--------------------------------------------------------------------------------------
10 4378726 MILLENNIA 350 3/30/99 $ 2,226.00 $ 0.00
--------------------------------------------------------------------------------------
11 FREIGHT 3/30/99 $ 84.00 $ 0.00
--------------------------------------------------------------------------------------
12 4375811 MILLENNIA 400 3/30/99 $ 1,654.00 $ 0.00
--------------------------------------------------------------------------------------
13 FREIGHT 3/30/99 $ 104.00 $ 0.00
--------------------------------------------------------------------------------------
14 4376643 MILLENNIA 400 3/30/99 $ 3,386.00 $ 0.00
--------------------------------------------------------------------------------------
15 FREIGHT 3/30/99 $ 208.00 $ 0.00
--------------------------------------------------------------------------------------
16 INACOM 8462438 HP VECTRA VE 4/22/99 $ 1,775.00 $ 0.00
--------------------------------------------------------------------------------------
17 MICROSOFT PRO 4/22/99 $ 493.00 $ 0.00
--------------------------------------------------------------------------------------
18 FREIGHT 4/22/99 $ 19.60 $ 0.00
--------------------------------------------------------------------------------------
19 $ 0.00 $ 0.00
--------------------------------------------------------------------------------------
TOTAL AMOUNT DUE TO LESSEE $31,256.60
-------------------------
TOTAL AMOUNT DUE TO VENDOR $ 0.00
------------
TOTAL DRAW $31,256.60
------------
Lessee Signature: /s/ X. Xxxxxxxx Date: 6/8/99
------------------------ -----------------
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 17 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model Purchase Mfr./ City, State and
and serial number) Price Rent Vendor County
------------------ ---------- ------ -------- -----------------
See Exhibit A attached hereto.
Total: $52,559.01 $1,429.61
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after
the "Rent Start Date."
Rent Start Date: This shall be the first day of the month following the
month during which the Base Term commences; provided,
however, that if the Equipment is accepted on the first day
of the month, the Rent Start Date shall commence on the
same day that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original Purchase
Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2)
an amount equal to 1/30th of the monthly rental amount
using a rate of 2.72% multiplied by the number of days, if
any, between (and including) the date the Base Term
commences and (but not including) the Rent Start Date,
except that, if the date of the Acceptance Notice related
to this Schedule is dated on or after the 20th of the
month, this amount shall not be included in the Base Rent
Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes
-------------------
for the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------- -------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
11555 Sorento Valley Road Department 05980
Xxx Xxxxx, XX 00000 X.X. Xxx 00000
Xxxxxxxxx: Xx. Xxxxx Xxxxxxxx, Xxx Xxxxxxxxx, XX 00000-0000
Vice President, Finance and Administration
D. Casualty Values: See attachment hereto.
---------------
Schedule (Additional Commitment) No. 17 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
---------------
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
---------------
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5,1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxxxx Xxxxxxxx
---------------------------------- ------------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxxxx Xxxxxxxx
-------------------------------- --------------------------
Title: Contract Administrator Title:
------------------------------- ---------------------------------
Date: 7-1-99 Date: 7-1-99
------------------------------- ----------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: Sequenom Inc.
--------------------------
00000 Xxxxxxxx Xxxxxx Xxxx
Master Contact: 0135 Schedule: 17
------------------ ------
---------------------------------------------------------------------------------------------------------------------------------
Total
Item Serial Invoic'd $ $ Pd By
No Vendor Name Invoice No. Description of Item Eq Cd Qty Number LOC Net of Sls Tx Lessee
---------------------------------------------------------------------------------------------------------------------------------
1 Xxxxxxx 361335ft01 spectrophometer 2 2 4323571, 1 15,839.00 15,839.00
Xxxxxxx 432572
---------------------------------------------------------------------------------------------------------------------------------
2 nucleic accid software option 24 2 1 664.00 664.00
---------------------------------------------------------------------------------------------------------------------------------
3 accessory option board 2 2 1 690.00 690.00
---------------------------------------------------------------------------------------------------------------------------------
4 high performance transport 2 2 1 4,208.00 4,208.00
---------------------------------------------------------------------------------------------------------------------------------
5 single cell holder 2 2 1 760.00 760.00
---------------------------------------------------------------------------------------------------------------------------------
6 single cell hld microcell 2 2 1 896.00 896.00
---------------------------------------------------------------------------------------------------------------------------------
7 micro-auto 12 cell holder 2 2 1 2,032.00 2,032.00
---------------------------------------------------------------------------------------------------------------------------------
8 cuvettes, rect. 2 1 1 295.68 295.68
---------------------------------------------------------------------------------------------------------------------------------
9 micro cell 50 microliter 2 1 1 333.70 333.70
---------------------------------------------------------------------------------------------------------------------------------
10 multi-microcell 4-position 2 6 1 4,815.36 4,815.36
---------------------------------------------------------------------------------------------------------------------------------
11 data capture network 2 2 1 1,200.00 1,200.00
---------------------------------------------------------------------------------------------------------------------------------
12 freigt & insurance 27 1 1 259.00 259.00
---------------------------------------------------------------------------------------------------------------------------------
13 sales tax 29 1 1 2,459.36 2,459.36
---------------------------------------------------------------------------------------------------------------------------------
14 Emplex 9992 Heat sealer 2 1 1 8,000.00 8,000.00
Systems
---------------------------------------------------------------------------------------------------------------------------------
15 freight 27 1 1 237.58 237.58
---------------------------------------------------------------------------------------------------------------------------------
16 PE Biosystems 90335466 kit topfill 2 1 1 5,087.50 5,087.50
---------------------------------------------------------------------------------------------------------------------------------
17 freight 27 1 1 32.50 32.50
---------------------------------------------------------------------------------------------------------------------------------
18 sales tax 29 1 1 394.29 394.29
---------------------------------------------------------------------------------------------------------------------------------
19 SGE Inc 78967 active film multiplier 2 1 1 1,300.00 1,300.00
---------------------------------------------------------------------------------------------------------------------------------
20 freight 27 1 1 13.45 13.45
---------------------------------------------------------------------------------------------------------------------------------
21 VWR 428843 vacuubrand diaphram pump 2 1 1 1,689.90 1,689.90
---------------------------------------------------------------------------------------------------------------------------------
22 sales tax 29 1 1 130.97 130.97
---------------------------------------------------------------------------------------------------------------------------------
23 29342280 oven, vacuum 2 1 1 1,132.92 1,132.92
---------------------------------------------------------------------------------------------------------------------------------
24 sales tax 29 1 1 87.80 87.80
---------------------------------------------------------------------------------------------------------------------------------
25
---------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------
No entry Required
--------------------------
Item Tax Pd Transact Net $ Due Net $ Due
No Vendor Name Invoice No. Vndr? (Y/N) Chk No. Date Lessee Vendor
-----------------------------------------------------------------------------------------------------
1 Xxxxxxx 361335ft01 y 5014 4/28/99 $15,839.00 $0.00
Xxxxxxx
-----------------------------------------------------------------------------------------------------
2 y 5014 4/28/99 $ 664.00 $0.00
-----------------------------------------------------------------------------------------------------
3 y 5014 4/28/99 690.00 $0.00
-----------------------------------------------------------------------------------------------------
4 y 5014 4/28/99 4,208.00 $0.00
-----------------------------------------------------------------------------------------------------
5 y 5014 4/28/99 760.00 $0.00
-----------------------------------------------------------------------------------------------------
6 y 5014 4/28/99 896.00 $0.00
-----------------------------------------------------------------------------------------------------
7 y 5014 4/28/99 2,032.00 $0.00
-----------------------------------------------------------------------------------------------------
8 y 5014 4/28/99 295.68 $0.00
-----------------------------------------------------------------------------------------------------
9 y 5014 4/28/99 333.70 $0.00
-----------------------------------------------------------------------------------------------------
10 y 5014 4/28/99 4,815.36 $0.00
-----------------------------------------------------------------------------------------------------
11 y 5014 4/28/99 1,200.00 $0.00
-----------------------------------------------------------------------------------------------------
12 y 5014 4/28/99 259.00 $0.00
-----------------------------------------------------------------------------------------------------
13 y 5014 4/28/99 2,459.36 $0.00
-----------------------------------------------------------------------------------------------------
14 Emplex 9992 n 5341 6/17/99 8,000.00 $0.00
Systems
-----------------------------------------------------------------------------------------------------
15 n 5341 6/17/99 237.58 $0.00
-----------------------------------------------------------------------------------------------------
16 PE Biosystems 90335466 y 5275 6/3/99 5,087.50 $0.00
-----------------------------------------------------------------------------------------------------
17 y 5275 6/3/99 32.50 $0.00
-----------------------------------------------------------------------------------------------------
18 y 5275 6/3/99 394.29 $0.00
-----------------------------------------------------------------------------------------------------
19 SGE Inc 78967 y 5221 5/27/99 1,300.00 $0.00
-----------------------------------------------------------------------------------------------------
20 y 5221 5/27/99 13.45 $0.00
-----------------------------------------------------------------------------------------------------
21 VWR 428843 y 5365 6/17/99 1,689.90 $0.00
-----------------------------------------------------------------------------------------------------
22 y 5365 6/17/99 130.97 $0.00
-----------------------------------------------------------------------------------------------------
23 29342280 y 5234 5/27/99 1,132.92 $0.00
-----------------------------------------------------------------------------------------------------
24 y 5234 5/27/99 87.80 $0.00
-----------------------------------------------------------------------------------------------------
25 0.00 $0.00
-----------------------------------------------------------------------------------------------------
-------------------------
TOTAL AMOUNT DUE TO LESSEE $52,559.01 $0.00
-------------------------
TOTAL AMOUNT DUE TO VENDOR $0.00
----------
Lessee Signature: /s/ X. Xxxxxxxx Date: 7/6/99 TOTAL DRAW $52,559.01
------------------- -------- ----------
ATTACHMENT TO EQUIPMENT SCHEDULE NO. 17
CASUALTY VALUES
Month of % of Original Equipment Month of % of Original Equipment
Lease Term Purchase Price Lease Term Purchase Price
----------- -------------- ---------- --------------
1 125.00 22 73.78
2 122.56 23 71.34
3 120.12 24 68.90
4 117.68 25 66.46
5 115.24 26 64.02
6 112.80 27 61.59
7 110.37 28 59.15
8 107.93 29 56.71
9 105.49 30 54.27
10 103.05 31 51.83
11 100.61 32 49.39
12 98.17 33 46.95
13 95.73 34 44.51
14 93.29 35 42.07
15 90.85 36 39.63
16 88.41 37 37.20
17 85.98 38 34.76
18 83.54 39 32.32
19 81.10 40 29.88
20 78.66 41 27.44
21 76.22 42 25.00
Thereafter 25.00
Lessor's Lessee's
Initials /s/ LS Initials /s/ EA
-------- ----------
ACCEPTANCE NOTICE
SCHEDULE (ADDITIONAL COMMITMENT) NO. 17
Reference is made to the Master Equipment Lease dated as of February 5, 1998
between PHOENIX LEASING INCORPORATED as Lessor and SEQUENOM, INC. as Lessee (the
"Lease").
Lessee confirms that the following Equipment has been received, installed and is
ready for use by Lessee. The Equipment is satisfactory in all respects for the
purposes of this Lease as of the date Lessee executes this Notice below.
Description of
Equipment
(quantity, model Purchase Mfr./ Street Address City
and serial number) Price Rent Vendor State and County
----------------- ----- ---- ------ ------------------
See Exhibit A attached hereto.
Total: $52,559.01 $1,429.61
THE LEASE MAY NOT BE CHANGED, ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN
WRITING SIGNED BY AN OFFICER OF LESSOR AND A DULY AUTHORIZED REPRESENTATIVE OF
LESSEE.
IN WITNESS WHEREOF, Lessee has executed this Acceptance Notice as of July 1,
------
1999
SEQUENOM, INC.
By: /s/ Xxxxxxxxx Xxxxxxxx
----------------------------------
Name: Xxxxxxxxx Xxxxxxxx
--------------------------------
Title: Finance Manager
-------------------------------
SALE LEASEBACK ADDENDUM
to Schedule (Additional Commitment) No. 17
of MASTER EQUIPMENT LEASE
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
This Addendum to Master Equipment Lease is made and entered into as of July 1,
------
1999 between PHOENIX LEASING INCORPORATED ("Lessor") and SEQUENOM, INC.
("Lesee"').
Notwithstanding anything to the contrary contained in the Lease, as amended,
referenced above, Lessor and Lessee agree as follows:
1. Lessee shall sell the Additional Equipment to and lease the Additional
Equipment from Lessor and Lessor shall purchase the Additional Equipment
from and lease the Additional Equipment to Lessee upon the terms and
conditions of the Xxxx of Sale attached hereto as Attachment 1.
2. Lessee represents and warrants that:
(a) Lessee has the right to sell the Additional Equipment as set forth
herein,
(b) the Additional Equipment and Lessee's right, title and interest in such
Additional Equipment is, as of the date of the Xxxx of Sale, free from all
claims, liens, security interests and encumbrances,
(c) Lessee will defend the sale against lawful claims and demands of all
persons, and
(d) the purchase price of the Additional Equipment is equal to the fair
market value of such Additional Equipment at the time of sale.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxxxx Xxxxxxxx
--------------------------------- ------------------------------
Name: Xxxx Xxxxxxx Name: Xxxxxxxxx Xxxxxxxx
------------------------------- ----------------------------
Title: Contract Admin Title: Finance Mgr
------------------------------ ----------------------------
ATTACHMENT 1
XXXX OF SALE
For valuable consideration SEQUENOM, INC. ("Seller") sells to PHOENIX LEASING
INCORPORATED ("Buyer"), the property listed on Exhibit A hereof (the "Additional
Equipment").
Seller covenants and warrants that:
(1) It is the owner of, and has absolute title to, the Additional Equipment
which is free and clear of all claims, liens and encumbrances.
(2) It has not made any prior sale, assignment, or transfer of the Additional
Equipment.
(3) It has the present right, power, and authority to sell the Additional
Equipment to Buyer.
(4) All action has been taken which is required to make this Xxxx of Sale a
legal, valid and binding obligation of Seller.
Seller shall forever warrant and defend the sale of the Additional Equipment to
Buyer, its successors and assigns, against any person claiming an interest in
the Additional Equipment.
This Xxxx of Sale is binding on the successors and assigns of Seller and inures
to the benefit of the successors and assigns of Buyer.
Executed on July 1, 1999
------ --
SEQUENOM, INC.
By: /s/ Xxxxxxxxx Xxxxxxxx
----------------------------------
Name: Xxxxxxxxx Xxxxxxxx
---------------------------------
Title: Finance Manager
--------------------------------
OFFICER'S CERTIFICATE
---------------------
The undersigned, Xxxxxxxxx Xxxxxxxx, hereby certifies that:
------------------
i) I am the Financial Manager of SEQUENOM, INC., a Delaware corporation;
ii) as such officer, I am familiar with the terms and conditions of that
certain Master Equipment Lease dated as of February 5, 1998 as amended by
Amendment No. 2 (the "Lease") between SEQUENOM, INC. ("Lessee") and PHOENIX
LEASING INCORPORATED ("Lessor");
iii) this certificate is delivered in connection with the leasing of certain
equipment under an Additional Commitment Schedule with Lessor, the
equipment is described in the Additional Commitment Schedule and the
equipment is free and clear from any and all liens, charges, security
interests or other encumbrances which may affect Lessor's right, title or
interest in and to the equipment;
iv) there has been no material adverse change in the financial condition of
Lessee from the date of its most recent financial statements, true copies
of which have been delivered to Lessor; and
v) no event which, with the giving of notice or passage of time, or both,
could become an Event of Default under the Lease has occurred and is
continuing.
(vi) Lessee is performing according to Lessee's business plan described in
Section 3 of the Lease, a true copy of which business plan has been
delivered to Lessor;
(vii)the representations and warranties in Section 5 of the Lease are true and
correct as of the date hereof.
IN WITNESS WHEREOF, I hereby execute this certificate on this 6th day of
---
July, 1999.
----- --
/s/ X. Xxxxxxxx
---------------------------
ADDITIONAL COMMITMENT SCHEDULE
------------------------------
Schedule (Additional Commitment) No. 18 to Lease
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
A. Description and Purchase Price of Equipment
-------------------------------------------
Description of
Equipment Street Address
(quantity, model City, State and
and serial number) Purchase Price Rent Mfr./Vendor County
----------------- -------------- ---- ----------- ------
See Exhibit A attached hereto.
Total: $60,449.99 $1,644.24
B. Terms
-----
Base Term: The Base Term shall commence on the date the Equipment is
received, installed and accepted for use, as shown on the
Acceptance Notice, and continue for 42 full months after
the "Rent Start Date."
Rent Start Date: This shall be the first day of the month following the
month during which the Base Term commences; provided,
however, that if the Equipment is accepted on the first
day of the month, the Rent Start Date shall commence on
the same day that the Base Term commences.
Lease Rate Factor (expressed as a percentage of Equipment's original
Purchase Price): 2.72%
Monthly Rental Payments in advance.
Base Rent Due: Payable on the Rent Start Date shall be (1) the first and
last Rental Amount including any sales or use tax and (2)
an amount equal to 1/30th of the monthly rental amount
using a rate of 2.72% multiplied by the number of days,
if any, between (and including) the date the Base Term
commences and (but not including) the Rent Start Date,
except that, if the date of the Acceptance Notice related
to this Schedule is dated on or after the 20th of the
month, this amount shall not be included in the Base Rent
Due.
C. Invoice Information: Lessee's and Lessor's addresses for invoice purposes for
-------------------
the Equipment on the Schedule shall be as follows:
Lessee's Invoice Address: Remit Monthly Rental Amount To:
------------------------ ------------------------------
SEQUENOM, INC. PHOENIX LEASING INCORPORATED
11555 Sorento Valley Road Department 05980
Xxx Xxxxx, XX 00000 X.X. Xxx 00000
Xxxxxxxxx: Xx. Xxxxx Xxxxxxxx, Xxx Xxxxxxxxx, XX 00000-0000
Vice President, Finance and Administration
Schedule (Additional Commitment) No. 18 to Lease
Dated as of February 5, 1998
Between SEQUENON, INC.
and PHOENIX LEASING INCORPORATED
D. Casualty Values: See attachment hereto.
---------------
E. Special Provisions: 1. Lessor's payment for Equipment hereunder is
------------------
conditioned on Lessor's satisfaction of the conditions set forth in Section 3 of
the Lease and 2. Sale Leaseback Addendum.
F. End of Lease Position: (a) General. Lessee shall be required to choose a
--------------------- -------
final purchase or extension requirement ("End of Lease Position") at the
expiration of the Base Term (as defined in the Schedule) of the first Schedule
to the Lease. That choice shall be an election of Lessee's End of Lease
Position for all, but not less than all, of the Equipment under all Schedules to
the Lease. Lessee shall provide written notice of its election to Lessor at
least 90 days prior to the end of the Base Term of the first Schedule.
Any Equipment purchase election shall be a purchase of the Equipment, AS-IS,
WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to
Lessee an equipment xxxx of sale, transferring title to the Equipment to the
Lessee without any representation or warranty whatsoever. Lessee shall be
responsible for all applicable taxes in connection with any Equipment purchase.
In the event Lessee does not provide at least 90 days' prior written notice of
its election, Lessee shall be deemed to have elected Election No. 2.
At the expiration of the Base Term of the first Schedule Lessee shall be
required to elect to either:
Election No. 1: Purchase the Equipment for 25% of the Equipment's original
-------- --- -
purchase price; or
Election No. 2: Extend the Schedule's Base Term for an additional 12 months
-------- --- -
("Extended Term") for a monthly rate of 2.50% of the Equipment's original
purchase price.
At the expiration of the Extended Term, Lessee shall purchase the Equipment for
$1.00.
LESSOR AND LESSEE AGREE THAT THIS SCHEDULE SHALL CONSTITUTE A LEASE OF THE
EQUIPMENT DESCRIBED ABOVE, SUBJECT TO THE TERMS AND CONDITIONS OF THIS SCHEDULE
AND OF THE MASTER EQUIPMENT LEASE DATED FEBRUARY 5, 1998 BETWEEN LESSEE AND
LESSOR. THE TERMS AND CONDITIONS OF SUCH MASTER EQUIPMENT LEASE ARE HEREBY
INCORPORATED BY REFERENCE AND MADE A PART HEREOF TO THE SAME EXTENT AS IF SUCH
TERMS AND CONDITIONS WERE SET FORTH IN FULL HEREIN.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ X. Xxxxxxxx
----------------------------- ----------------------------
Name: Xxxx Xxxxxxx Name (Print):Xxxxxxxxx Xxxxxxxx
--------------------------- ------------------
Title: Contract Admin Title: Finance Manager
-------------------------- -------------------------
Date: 8-1-99 Date: 8-1-99
--------------------------- --------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
--------------------
00000 XXXXXXXX XXXXXX XXXX
Master Contract: 0135 Schedule: 18
-------- ----
L Total
Item Invoice Description Eq Qty Serial O Invoic'd
No. Vendor Name No. of Item Cd Number C Net of Sls Tx
--------------------------------------------------------------------------------------------------------------
1 MICRON 4472513 MILLENNIA SYSTEM 1 1 1 1,733.99
--------------------------------------------------------------------------------------------------------------
2 FREIGHT 27 1 1 104.00
--------------------------------------------------------------------------------------------------------------
3 4464433 MILLENNIA SYSTEM 1 1 1 1,725.00
--------------------------------------------------------------------------------------------------------------
4 FREIGHT 27 1 1 104.00
--------------------------------------------------------------------------------------------------------------
5 4465333 MILLENNIA SYSTEM 1 1 1 1,725.00
--------------------------------------------------------------------------------------------------------------
6 FREIGHT 27 1 1 104.00
--------------------------------------------------------------------------------------------------------------
7 4462166 MILLENNIA SYSTEM 1 1 1 1,974.00
--------------------------------------------------------------------------------------------------------------
8 FREIGHT 27 1 1 54.00
--------------------------------------------------------------------------------------------------------------
9 GESIM R990059 NANO PLOTTER 2 1 1 15,701.95
--------------------------------------------------------------------------------------------------------------
10 video monitor 12" 2 1 1 456.82
--------------------------------------------------------------------------------------------------------------
11 pkging for transportation 27 1 1 122.56
--------------------------------------------------------------------------------------------------------------
12 R990058 NANO PLOTTER 2 1 1 15,701.95
--------------------------------------------------------------------------------------------------------------
13 video monitor 12" 2 1 1 456.82
--------------------------------------------------------------------------------------------------------------
14 pkging for transportation 27 1 1 122.56
--------------------------------------------------------------------------------------------------------------
15 R990018 1-CHANNEL NANO PLOTTER 2 1 1 19,968.54
--------------------------------------------------------------------------------------------------------------
16 pkging for transportation 27 1 1 394.80
--------------------------------------------------------------------------------------------------------------
17
--------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
No entry required
-----------------------------------
Item Invoice $ Pd by Vndr Transact Net $ Due Net $ Due
No. Vendor Name No. Lessee (Y/N) Chk No. Date Lessee Vendor
------------------------------------------------------------------------------------------------------------------
1 MICRON 4472513 1,733.99 N 5522 6/30/99 $ 1,733.99 $ 0.00
------------------------------------------------------------------------------------------------------------------
2 104.00 N 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
3 4464433 1,725.00 N 5522 6/30/99 $ 1,725.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
4 104.00 N 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
5 4465333 1,725.00 N 5522 6/30/99 $ 1,725.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
6 104.00 N 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
7 4462166 1,974.00 N 5522 6/30/99 $ 1,974.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
8 54.00 N 5522 6/30/99 $ 54.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
9 GESIM R990059 15,701.95 N WIRE 7/21/99 $15,701.95 $ 0.00
------------------------------------------------------------------------------------------------------------------
10 456.82 N WIRE 7/21/99 $ 456.82 $ 0.00
------------------------------------------------------------------------------------------------------------------
11 122.56 N WIRE 7/21/99 $ 122.56 $ 0.00
------------------------------------------------------------------------------------------------------------------
12 R990058 15,701.95 N WIRE 7/21/99 $15,701.95 $ 0.00
------------------------------------------------------------------------------------------------------------------
13 456.82 N WIRE 7/21/99 $ 456.82 $ 0.00
------------------------------------------------------------------------------------------------------------------
14 122.56 N WIRE 7/21/99 $ 122.56 $ 0.00
------------------------------------------------------------------------------------------------------------------
15 R990018 19,968.54 N WIRE 7/21/99 $19,968.54 $ 0.00
------------------------------------------------------------------------------------------------------------------
16 394.80 N WIRE 7/21/99 $ 394.80 $ 0.00
------------------------------------------------------------------------------------------------------------------
17 $ 0.00 $ 0.00
------------------------------------------------------------------------------------------------------------------
-------------------------------
TOTAL AMOUNT DUE TO LESSEE $60,449.99
-------------------------------
TOTAL AMOUNT DUE TO VENDOR $0.00
----------------
TOTAL DRAW $60,449.99
----------------
Lessee Signature: /s/ X. Xxxxxxxx Date: 8/2/99
ACCEPTANCE NOTICE
SCHEDULE (ADDITIONAL COMMITMENT) NO. 18
Reference is made to the Master Equipment Lease dated as of February 5, 1998
between PHOENIX LEASING INCORPORATED as Lessor and SEQUENOM, INC. as Lessee (the
"Lease").
Lessee confirms that the following Equipment has been received, installed and is
ready for use by Lessee. The Equipment is satisfactory in all respects for the
purposes of this Lease as of the date Lessee executes this Notice below.
Description of
Equipment Street Address
(quantity, model City, State, and
and serial number) Purchase Price Rent Mfr./Vendor County
----------------- -------------- ---- ----------- ------
See Exhibit A attached hereto.
Total: $60,449.99 $1,644.24
THE LEASE MAY NOT BE CHANGED, ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN
WRITING SIGNED BY AN OFFICER OF LESSOR AND A DULY AUTHORIZED REPRESENTATIVE OF
LESSEE.
IN WITNESS WHEREOF, Lessee has executed this Acceptance Notice as of August 1,
1999.
SEQUENOM, INC.
By: /s/ X. Xxxxxxxx
-------------------------------
Name: Xxxxxxxxx Xxxxxxxx
------------------------------
Title: Finance Mgr.
------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
---------------------
00000 XXXXXXXX XXXXXX XXXX
Master Contract: 0135 Schedule: 18
----- ---
---------------------------------------------------------------------------------------------------------------------------
L Xxxx
Item Vendor Name Invoice Description Eq Qty Serial O Invoic'd $ $ Pd by
No. No. of Item Cd Number C Net of Sls Tx Lessee
---------------------------------------------------------------------------------------------------------------------------
1 MICRON 4472513 MILLENNIA SYSTEM 1 1 1 1,733.99 $ 1,733.99
---------------------------------------------------------------------------------------------------------------------------
2 FREIGHT 27 1 1 104.00 $ 104.00
---------------------------------------------------------------------------------------------------------------------------
3 4464433 MILLENNIA SYSTEM 1 1 1 1,725.00 $ 1,725.00
---------------------------------------------------------------------------------------------------------------------------
4 FREIGHT 27 1 1 104.00 $ 104.00
----------------------------------------------------------------------------------------------------------------------------
5 4465333 MILLENNIA SYSTEM 1 1 1 1,725.00 $ 1,725.00
----------------------------------------------------------------------------------------------------------------------------
6 FREIGHT 27 1 1 104.00 $ 104.00
----------------------------------------------------------------------------------------------------------------------------
7 4462166 MILLENNIA SYSTEM 1 1 1 1,974.00 $ 1,974.00
----------------------------------------------------------------------------------------------------------------------------
8 FREIGHT 27 1 1 54.00 $ 54.00
----------------------------------------------------------------------------------------------------------------------------
9 GESIM R990059 NANO PLOTTER 2 1 1 15,701.95 $15,701.95
----------------------------------------------------------------------------------------------------------------------------
10 video monitor 12" 2 1 1 456.82 $ 456.82
----------------------------------------------------------------------------------------------------------------------------
11 pkging for transportation 27 1 1 122.56 $ 122.56
----------------------------------------------------------------------------------------------------------------------------
12 R990058 NANO PLOTTER 2 1 1 15,701.95 $15,701.95
----------------------------------------------------------------------------------------------------------------------------
13 video monitor 12" 2 1 1 456.82 $ 456.82
----------------------------------------------------------------------------------------------------------------------------
14 pkging for transportation 27 1 1 122.56 $ 122.56
----------------------------------------------------------------------------------------------------------------------------
15 R990018 1-CHANNEL NANO PLOTTER 2 1 1 19,968.54 $19,968.54
----------------------------------------------------------------------------------------------------------------------------
16 pkging for transportation 27 1 1 394.80 $ 394.80
----------------------------------------------------------------------------------------------------------------------------
17
----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
No entry required
-----------------------------------
Item Vendor Name Invoice Vndr Transact Net $ Due Net $ Due
No. No. (Y/N) Chk No. Date Lessee Vendor
-------------------------------------------------------------------------------------------------------
1 MICRON 4472513 N 5522 6/30/99 $ 1,733.99 $ $0.00
-------------------------------------------------------------------------------------------------------
2 N 5522 6/30/99 $ 104.00 $ $0.00
-------------------------------------------------------------------------------------------------------
3 4464433 N 5522 6/30/99 $ 1,725.00 $ $0.00
-------------------------------------------------------------------------------------------------------
4 N 5522 6/30/99 $ 104.00 $ $0.00
-------------------------------------------------------------------------------------------------------
5 4465333 N 5522 6/30/99 $ 1,725.00 $ $0.00
-------------------------------------------------------------------------------------------------------
6 N 5522 6/30/99 $ 104.00 $ $0.00
-------------------------------------------------------------------------------------------------------
7 4462166 N 5522 6/30/99 $ 1,974.00 $ $0.00
-------------------------------------------------------------------------------------------------------
8 N 5522 6/30/99 $ 54.00 $ $0.00
-------------------------------------------------------------------------------------------------------
9 GESIM R990059 N WIRE 7/21/99 $15,701.95 $ $0.00
-------------------------------------------------------------------------------------------------------
10 N WIRE 7/21/99 $ 456.82 $ $0.00
-------------------------------------------------------------------------------------------------------
11 N WIRE 7/21/99 $ 122.56 $ $0.00
-------------------------------------------------------------------------------------------------------
12 R990058 N WIRE 7/21/99 $15,701.95 $ $0.00
-------------------------------------------------------------------------------------------------------
13 N WIRE 7/21/99 $ 456.82 $ $0.00
-------------------------------------------------------------------------------------------------------
14 N WIRE 7/21/99 $ 122.56 $ $0.00
-------------------------------------------------------------------------------------------------------
15 R990018 N WIRE 7/21/99 $19,968.54 $ $0.00
-------------------------------------------------------------------------------------------------------
16 N WIRE 7/21/99 $ 394.80 $ $0.00
-------------------------------------------------------------------------------------------------------
17 $ 0.00 $ 0.00
-------------------------------------------------------------------------------------------------------
-------------------------------
TOTAL AMOUNT DUE TO LESSEE $60,449.99
-------------------------------
TOTAL AMOUNT DUE TO VENDOR $ 0.00
-----------------
TOTAL DRAW $60,449.99
-----------------
Lessee Signature: /s/ X. Xxxxxxxx Date: 8/2/99
--------------- ------
ATTACHMENT TO EQUIPMENT SCHEDULE NO. 18
CASUALTY VALUES
Month of % of Original Equipment Month of % of Original Equipment
Lease Term Purchase Price Lease Term Purchase Price
------------ ------------------------- ------------ -------------------------
1 125.00 22 73.78
2 122.56 23 71.34
3 120.12 24 68.90
4 117.68 25 66.46
5 115.24 26 64.02
6 112.80 27 61.59
7 110.37 28 59.15
8 107.93 29 56.71
9 105.49 30 54.27
10 103.05 31 51.83
11 100.61 32 49.39
12 98.17 33 46.95
13 95.73 34 44.51
14 93.29 35 42.07
15 90.85 36 39.63
16 88.41 37 37.20
17 85.98 38 34.76
18 83.54 39 32.32
19 81.10 40 29.88
20 78.66 41 27.44
21 76.22 42 25.00
Thereafter 25.00
Lessor's Lessee's
Initials /s/ LS Initials /s/ EA
----------- -----------
SALE LEASEBACK ADDENDUM
to Schedule (Additional Commitment) No. 18
of MASTER EQUIPMENT LEASE
Dated as of February 5, 1998
Between SEQUENOM, INC.
and PHOENIX LEASING INCORPORATED
This Addendum to Master Equipment Lease is made and entered into as of August 1,
1999 between PHOENIX LEASING INCORPORATED ("Lessor") and SEQUENOM, INC.
("Lessee").
Notwithstanding anything to the contrary contained in the Lease, as amended,
referenced above, Lessor and Lessee agree as follows:
1. Lessee shall sell the Additional Equipment to and lease the Additional
Equipment from Lessor and Lessor shall purchase the Additional Equipment
from and lease the Additional Equipment to Lessee upon the terms and
conditions of the Xxxx of Sale attached hereto as Attachment 1.
2. Lessee represents and warrants that:
(a) Lessee has the right to sell the Additional Equipment as set forth
herein,
(b) the Additional Equipment and Lessee's right, title and interest in
such Additional Equipment is, as of the date of the Xxxx of Sale, free from
all claims, liens, security interests and encumbrances,
(c) Lessee will defend the sale against lawful claims and demands of all
persons, and
(d) the purchase price of the Additional Equipment is equal to the fair
market value of such Additional Equipment at the time of sale.
LESSOR: LESSEE:
PHOENIX LEASING INCORPORATED SEQUENOM, INC.
By: /s/ Xxxx Xxxxxxx By: /s/ X. Xxxxxxxx
------------------------------- ---------------------------------
Name: Xxxx Xxxxxxx Name (Print): Xxxxxxxxx Xxxxxxxx
----------------------------- ----------------------
Title: Contract Admin Title: Finance Manager
---------------------------- ------------------------------
ATTACHMENT 1
XXXX OF SALE
For valuable consideration SEQUENOM, INC. ("Seller") sells to PHOENIX LEASING
INCORPORATED ("Buyer"), the property listed on Exhibit A hereof (the "Additional
Equipment").
Seller covenants and warrants that:
(1) It is the owner of, and has absolute title to, the Additional Equipment
which is free and clear of all claims, liens and encumbrances.
(2) It has not made any prior sale, assignment, or transfer of the Additional
Equipment.
(3) It has the present right, power, and authority to sell the Additional
Equipment to Buyer.
(4) All action has been taken which is required to make this Xxxx of Sale a
legal, valid and binding obligation of Seller.
Seller shall forever warrant and defend the sale of the Additional Equipment to
Buyer, its successors and assigns, against any person claiming an interest in
the Additional Equipment.
This Xxxx of Sale is binding on the successors and assigns of Seller and inures
to the benefit of the successors and assigns of Buyer.
Executed on August 1, 1999
SEQUENOM, INC.
By: /s/ X. Xxxxxxxx
------------------------------------
Name: Xxxxxxxxx Xxxxxxxx
----------------------------------
Title: Finance Mgr.
---------------------------------
Phoenix Leasing Incorporated
Funding Request
Exhibit A
Lessee: SEQUENOM, INC.
----------------------
00000 XXXXXXXX XXXXXX XXXX
Master Contact: 0135 Schedule: 18
--------- --------
--------------------------------------------------------------------------------------------------------------------------------
Total Tax Pd
Item Invoice Description Eq Qty Serial Invoic'd $ $ Pd by Vndr?
No. Vendor Name No. of Item Cd Number LOC Net of Sls Tx Lessee (Y/N)
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
1 MICRON 4472513 MILLENNIA SYSTEM 1 1 1 1,733.99 1,733.99 N
--------------------------------------------------------------------------------------------------------------------------------
2 FREIGHT 27 1 1 104.00 104.00 N
--------------------------------------------------------------------------------------------------------------------------------
3 4464433 MILLENNIA SYSTEM 1 1 1 1,725.00 1,725.00 N
--------------------------------------------------------------------------------------------------------------------------------
4 FREIGHT 27 1 1 104.00 104.00 N
--------------------------------------------------------------------------------------------------------------------------------
5 4465333 MILLENNIA SYSTEM 1 1 1 1,725.00 1,725.00 N
--------------------------------------------------------------------------------------------------------------------------------
6 FREIGHT 27 1 1 104.00 104.00 N
--------------------------------------------------------------------------------------------------------------------------------
7 4462166 MILLENNIA SYSTEM 1 1 1 1,974.00 1,974.00 N
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8 FREIGHT 27 1 1 54.00 54.00 N
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9 GESIM R990059 NANO PLOTTER 2 1 1 15,701.95 15,701.95 N
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10 video monitor 12" 2 1 1 456.82 456.82 N
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11 pkging for transportation 27 1 1 122.56 122.56 N
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12 R990058 NANO PLOTTER 2 1 1 15,701.95 15,701.95 N
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13 video monitor 12" 2 1 1 456.82 456.82 N
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14 pkging for transportation 27 1 1 122.56 122.56 N
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15 R990018 1-CHANNEL NANO PLOTTER 2 1 1 19,968.54 19,968.54 N
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16 pkging for transportation 27 1 1 394.80 394.80 N
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17
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No entry required
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Item Transact Net $ Due Net $ Due
No. Chk No. Date Lessee Vendor
------------------------------------------------------------------
1 5522 6/30/99 $ 1,733.99 $ 0.00
------------------------------------------------------------------
2 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------
3 5522 6/30/99 $ 1,725.00 $ 0.00
------------------------------------------------------------------
4 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------
5 5522 6/30/99 $ 1,725.00 $ 0.00
------------------------------------------------------------------
6 5522 6/30/99 $ 104.00 $ 0.00
------------------------------------------------------------------
7 5522 6/30/99 $ 1,974.00 $ 0.00
------------------------------------------------------------------
8 5522 6/30/99 $ 54.00 $ 0.00
------------------------------------------------------------------
9 WIRE 7/21/99 $15,701.95 $ 0.00
------------------------------------------------------------------
10 WIRE 7/21/99 $ 456.82 $ 0.00
------------------------------------------------------------------
11 WIRE 7/21/99 $ 122.56 $ 0.00
------------------------------------------------------------------
12 WIRE 7/21/99 $15,701.95 $ 0.00
------------------------------------------------------------------
13 WIRE 7/21/99 $ 456.82 $ 0.00
------------------------------------------------------------------
14 WIRE 7/21/99 $ 122.56 $ 0.00
------------------------------------------------------------------
15 WIRE 7/21/99 $19,968.54 $ 0.00
------------------------------------------------------------------
16 WIRE 7/21/99 $ 394.80 $ 0.00
------------------------------------------------------------------
17 $ 0.00 $ 0.00
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TOTAL AMOUNT DUE TO LESSEE $60,449.99
---------------------------
TOTAL AMOUNT DUE TO VENDOR $ 0.00
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TOTAL DRAW $60,449.99
----------
Lessee Signature: /s/ X. Xxxxxxxx Date: 8/2/99
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Page 1 of 1
OFFICER'S CERTIFICATE
---------------------
The undersigned, Xxxxxxxxx Xxxxxxxx, hereby certifies that:
i) I am the Treasurer Finance Mgr. Officer of SEQUENOM, INC., a Delaware
corporation;
ii) as such officer, I am familiar with the terms and conditions of that
certain Master Equipment Lease dated as of February 5, 1998 as amended by
Amendment No. 2 (the "Lease") between SEQUENOM, INC. ("Lessee") and
PHOENIX LEASING INCORPORATED ("Lessor");
iii) this certificate is delivered in connection with the leasing of certain
equipment under an Additional Commitment Schedule with Lessor, the
equipment is described in the Additional Commitment Schedule and the
equipment is free and clear from any and all liens, charges, security
interests or other encumbrances which may affect Lessor's right, title or
interest in and to the equipment;
iv) there has been no material adverse change in the financial condition of
Lessee from the date of its most recent financial statements, true copies
of which have been delivered to Lessor; and
v) no event which, with the giving of notice or passage of time, or both,
could become an Event of Default under the Lease has occurred and is
continuing.
(vi) Lessee is performing according to Lessee's business plan described in
Section 3 of the Lease, a true copy of which business plan has been
delivered to Lessor;
(vii) the representations and warranties in Section 5 of the Lease are true and
correct as of the date hereof.
IN WITNESS WHEREOF, I hereby execute this certificate on this 2 day of August,
1999.
/s/ X. Xxxxxxxx
----------------------------
