TLD FUNDING GROUP
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(▇▇▇) ▇▇▇-▇▇▇▇ FAX
FINANCE AGREEMENT
This agreement entered into on APRIL 28, 1999 by "▇▇▇▇▇, Incorporated and
Advanced Technology Services, Inc." as "company" and TLD Funding Group as
"funder".
WITNESSETH
The funder agrees to provide the company financing for the purchases of
equipment for resale. The funder will advance directly to the seller of
equipment, the net invoice amount upon presentation of the invoice. The invoice
must be signed by the supplier of the product and a pre-approved representative
of the company. The company will invoice the purchaser of the equipment in a
timely manner and designate the remittance of the funds to the funder. The
funder upon receipt of payment from the purchaser will withhold the equipment
cost, appropriate fees, and remit the remainder to the company in a timely
manner.
TERMS AND CONDITIONS
1. Maximum Credit Available: $1,000,000.00
2. Advance Rate: One hundred percent (100%) of equipment
requirements, as submitted by company to
funder.
3. Term: 24 Months
4. Fees: RISK FEE of five percent (5%) per advance
will be charged at time of payment of
invoice by purchaser of product.
INTEREST FEE'S will be charged at the
following rate:
1-90 DAYS one percent (1%) of advanced
amount
GREATER THAN 91 DAYS two percent (2%)
of advanced Amount.
MANAGEMENT FEE of two percent (2%) will be
charged at signing of these documents.
Company: ▇▇▇▇▇, INCORPORATED AND
ADVANCED TECHNOLOGY SERVICES, INC. Funder: TLD FUNDING GROUP
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