Exhibit 10.35
LEASE SCHEDULE
MASTER EQUIPMENT
LEASE AGREEMENT NO.__________________
LEASE SCHEDULE NO.____________________
BETWEEN UNICAPITAL BSB LEASING (LESSOR)
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And Thermaire Inc dba Thermal Corp (LESSEE).
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1. DESCRIPTION OF EQUIPMENT
Quality Item
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See Exhibit A attached hereto and made a part hereof
2. EQUIPMENT LOCATION
The above Equipment is to be located and delivered to Lessee's premises at
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇.
3. RENTAL TERM: 60 months.
4. RENTAL
The first payment in the amount of $3452.60 is due _______, ________.
Subsequent rental payments will be the same amount and due on the same
Monthly (monthly, quarterly, etc.) hereafter.
5. NUMBER AND AMOUNT OF ADVANCE RENTAL PAYMENTS:
NUMBER 1 $3452.60.
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6. SECURITY DEPOSIT: $0.00
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7. THIS SCHEDULE AND ITS TERMS AND CONDITIONS ARE HEREBY INCORPORATED BY
REFERENCE IN THE ABOVE MASTER EQUIPMENT LEASE AGREEMENT. LESSEE PERMITS
LESSOR TO INSERT MODEL AND SERIAL NUMBERS OF EQUIPMENT WHEN DETERMINED BY
LESSOR.
LESSEE: LESSOR:
Thermaire Inc dba Thermal Corp UNICAPITAL BSB LEASING
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(must be signed by Authorized Corporate
officer partner, or Proprietor)
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ President /s/ ▇▇▇▇ ▇▇▇▇▇ Funding Admin.
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EXHIBIT 10.35
LESSOR UNICAPITAL BSB Leasing
MASTER EQUIPMENT
LEASE AGREEMENT
MASTER LEASE AGREEMENT NO._________________
Lease Agreement made this 23rd day of February, 2000 between UNICAPITAL BSB
Leasing ("Lessor") with a place of business located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ #▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and Thermaire Inc dba Thermal Corp ("Lessee")
having its principal place of business located at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇,
▇▇ ▇▇▇▇▇
1. LEASE AGREEMENT. Lessor hereby leases to Lessee and Lessee hereby leases
from Lessor all of the personal property ("Equipment") described in Equipment
Lease Schedule(s), which are or may from time to time be executed by Lessor and
Lessee and attached hereto or incorporated herein by reference ("Schedules"),
upon the terms and conditions set forth in this Lease, as supplemented by the
terms and conditions set forth in the appropriate Schedule(s) identifying such
items of Equipment. All terms and conditions of this Lease shall govern the
rights and obligations of Lessor and Lessee except as specifically modified in
writing. Whenever reference is made herein to the "Lease", it shall be deemed to
include each of the various Schedules identifying all items of Equipment, all of
which Constitute one undivided Lease of the Equipment and the terms and
conditions of which are incorporated herein by reference.
2. SELECTION OF EQUIPMENT; ACCEPTANCE. Lessee will select the type, quantity
and supplier of each item of Equipment designated in the appropriate Schedule,
and in reliance thereon such Equipment will then be ordered by Lessor from such
supplier or Lessor will accept an assignment of any existing purchase order
therefore. Lessor will have no liability for any delivery or failure by the
supplier to fill the purchase order or to meet the conditions thereof Lessee
acknowledges that Lessor has not participated and will not participate in any
way in Lessee's selection of the Equipment or of the supplier. Lessee agrees to
inspect the Equipment and to execute an Acknowledgment and Acceptance of
Equipment by Lessee notice, as provided by Lessor, after the Equipment has been
delivered and after Lessee is satisfied that the Equipment is satisfactory in
every respect. Lessee hereby authorizes Lessor to insert in this Lease serial
numbers or other identifying data with respect to the Equipment.
3. DISCLAIMER OF WARRANTIES AND CLAIMS; LIMITATION OF REMEDIES. LESSOR, NOT
BEING THE MANUFACTURER OF THE EQUIPMENT NOR THE MANUFACTURER'S AGENT, MAKES NO
EXPRESS OR IMPLIED WARRANTY OF ANY KIND WHATSOEVER WITH RESPECT TO THE
EQUIPMENT, INCLUDING, BUT NOT LIMITED TO, TILE MERCHANTABILITY OF THE EQUIPMENT
OR ITS FITNESS FOR ANY PARTICULAR PURPOSE; THE DESIGN OR CONDITION OF THE
EQUIPMENT; THE QUALITY, Y2K COMPLIANCE OR CAPACITY OF THE EQUIPMENT; THE
WORKMANSHIP IN THE EQUIPMENT; COMPLIANCE OF THE EQUIPMENT WITH THE REQUIREMENT
OF ANY LAW, RULE, SPECIFICATION OR CONTRACT PERTAINING THERETO; PATENT
INFRINGEMENT; OR LATENT DEFECTS. LESSEE LEASES THE EQUIPMENT "AS IS" AND WITH
ALL FAULTS. Lessee accordingly agrees not to assert any claim whatsoever against
Lessor for loss of anticipatory profits or consequential damages. Lessor shall
have no obligation to install, erect, test, service, or maintain the Equipment.
Lessee shall look to the manufacturer and/or seller for any claims related to
the Equipment.
If the Equipment is not properly installed, does not operate as represented or
warranted by the supplier or manufacturer, or is unsatisfactory for any reason,
regardless of cause or consequence, Lessee's only remedy, if any, shall be
against the supplier or manufacturer of the Equipment and not against Lessor,
Lessor hereby acknowledges that any manufacturer's and/or seller's warranties
are for the benefit of both Lessor and Lessee. NOTWITHSTANDING THE FOREGOING,
LESSEE'S OBLIGATIONS TO PAY THE RENTALS OR OTHERWISE UNDER THIS LEASE SHALL BE
AND ARE ABSOLUTE AND UNCONDITIONAL. To the extent permitted by the manufacturer
or seller, and provided Lessee is not in default under this Lease, Lessor shall
make available to Lessee all manufacturer and/or seller warranties with respect
to Equipment.
Lessee specifically acknowledges that the Equipment is leased to Lessee solely
for commercial or business purposes and not for personal, family, household, or
agricultural purposes.
The parties have specifically negotiated and agreed to the foregoing Section 3:
Lessee initials: ____________________
4. STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the
intent of both parties to this Lease that it qualify as a statutory finance
lease under Article 2A of the Uniform Commercial Code. Lessee acknowledges and
agrees that Lessee has selected both: (1) the Equipment: and (2) the supplier
from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor
has not participated in any way in Lessee's selection of the Equipment or of the
supplier, and Lessor has not selected, manufactured, or supplied the Equipment.
LESSEE IS ADVISED THAT IT MAY HAVE RIGHTS UNDER THE CONTRACT EVIDENCING THE
LESSOR'S PURCHASE OF THE EQUIPMENT FROM THE SUPPLIER CHOSEN BY LESSEE AND THAT
LESSEE SHOULD CONTACT THE SUPPLIER OF THE EQUIPMENT FOR A DESCRIPTION OF ANY
SUCH RIGHTS.
EXHIBIT 10.35
5. ASSIGNMENT BY LESSEE PROHIBITED. WITHOUT LESSOR'S PRIOR WRITTEN CONSENT,
LESSEE SHALL NOT ASSIGN THIS LEASE OR SUBLEASE THE EQUIPMENT OR ANY INTEREST
THEREIN, OR PLEDGE OR TRANSFER THIS LEASE, OR OTHERWISE DISPOSE OF THE EQUIPMENT
COVERED HEREBY.
6. COMMENCEMENT; RENTAL PAYMENTS; INTERIM RENTALS. This Lease shall
commence upon the written acceptance hereof by Lessor and shall end upon full
performance and observance by Lessee of each and every term, condition and
covenant set forth in this Lease, any Schedules hereto and any extensions
hereof. Rental payments shall be in the amounts and frequency as set forth on
the face of this Lease or any Schedules hereto. PROHIBITED addition to regular
rentals, Lessee shall pay to Lessor interim rent for the use of the Equipment
prior to the due date of the first payment Interim rent shall be in an amount
equal to l/30th of the monthly rental, multiplied by the number of days elapsing
between the date on which the Equipment is accepted by Lessee and the
commencement date of this Lease, together with the number of days elapsing
between commencement of the Lease and the due date of the first payment The
payment of interim rent shall be due and payable upon Lessee's receipt of
invoice from Lessor. The rental period under the Lease shall terminate following
the last day of the terms stated on the face hereof or in any Schedule hereto
unless such Lease or Schedule has been extended or otherwise modified. Lessor
shall have no obligation to Lessee under this Lease if the Equipment, for
whatever reason, is not delivered to Lessee within ninety (90) days after Lessee
signs this Lease. Lessor shall have no obligation to Lessee under this Lease if
Lessee fails to execute and deliver to Lessor an Acknowledgement and Acceptance
of Equipment by Lessee acknowledging its acceptance of the Equipment within
thirty (30) days after it is delivered to Lessee, with respect to this Lease or
any Schedule hereto.
7. SECURITY DEPOSIT. As security for the prompt and full payment of rent,
and the faithful and timely performance of all provisions of this Lease, and any
extensions or renewals thereof, Lessee shall pledge and deposit with Lessor the
security amount set forth in the section shown as "Security Deposit" on each
respective Schedule. In the event any default shall be made in the performance
of any of Lessee's obligations under this Lease, Lessor shall have the right,
but shall not be obligated, to apply said security to the curing of such default
Within 15 days after Lessor mails notice to Lessee that Lessor has applied any
portion of the Security Deposit to the curing of any default, Lessee shall
restore said Security Deposit to the full amount set forth in the Schedules. On
the expiration or earlier termination of each Schedule to this Lease, or any
extension or renewal thereof; provided Lessee has paid all of the rent herein
called for and fully performed all other provisions of this Lease with respect
to such Schedule, Lessor will return to Lessee any then remaining balance of the
security deposit with respect to such Schedule, without interest Said security
deposit may be commingled with Lessor's other funds.
8. LIMITED PREARRANGED AMENDMENTS. SPECIFIC POWER OF ATTORNEY. In the event
it is necessary to amend the terms of this Lease or the terms of any Schedule to
reflect a change in one or more of the following conditions:
(1) Lessor's actual cost of procuring the Equipment, or
(2) Lessor's actual cost of providing Equipment to Lessee: or
(3) A change in the Lease payments as a result of(1) and/or (2) above; or
(4) Description of the leased Equipment.
Lessee agrees that any such amendment shall be described in a letter from Lessor
to Lessee, and unless within 15 days after the date of such letter Lessee
objects thereto in a writing delivered to Lessor, this Lease and any affected
Schedules shall be deemed amended and such amendments shall be incorporated
herein/therein as if originally set forth herein/therein.
Lessee grants to Lessor a specific power of attorney for Lessor to use as
follows: (I) Lessor may sign and tile on Lessee's behalf any document Lessor
deems necessary to perfect or protect Lessor's interest in the Equipment or
pursuant to the Uniform Commercial Code; and (2) Lessor may sign, endorse or
negotiate for Lessor's benefit any instrument representing proceeds from any
policy of insurance covering the Equipment.
9. LOCATION. The Equipment shall be kept at the location specified in each
Schedule or, if none is specified, at Lessee's address as set forth above, and
shall not be removed therefrom without Lessor's prior written consent
10. USE. Lessee shall use the Equipment in a careful manner, shall make all
necessary repairs at Lessee's expense, and shall comply with all laws relating
to its possession, use or maintenance, and shall not make any alterations,
additions or improvements to the Equipment without Lessor's prior written
consent. All additions, repairs or improvements made to the Equipment shall
belong to Lessor.
11. OWNERSHIP; PERSONALLY. The Equipment is, and shall remain, the property
of Lessor, and Lessee shall have no right, title or interest therein or thereto
except as expressly set forth in this Lease. The Equipment shall remain personal
property even though installed in or attached to real property.
12. SURRENDER. By this Lease, Lessee acquires no ownership rights in the
Equipment and has no option to purchase same. Upon the expiration or termination
of any Schedule or this Lease, or in the event of a default pursuant to
Paragraph 20 hereof; Lessee, at its expense, shall return the Equipment in good
repair, ordinary wear and tear resulting from proper use thereof alone excepted,
by delivering it, packed and ready for shipment, to such place as Lessor may
specify.
13. RENEWAL. At the expiration of the term set forth in each Schedule,
Lessee shall return the Equipment subject to said Schedule in accordance with
Paragraph 12 hereof At Lessor's option, this Lease, with respect to each
Schedule, may be continued on a month-to-month basis until 30 days after Lessee
returns the Equipment subject to the Schedule to Lessor. In the event that the
Lease, with respect to a Schedule, is so continued, Lessee shall pay to Lessor
rentals in the same periodic amounts as indicated under "Rental" on the
Schedule.
14. LOSS AND DAMAGE. Lessee shall bear the entire risk of loss, theft,
damage or destruction of the Equipment from any cause whatsoever, and no loss,
theft, damage or destruction of the Equipment shall relieve Lessee of the
obligation to pay rent or to comply with any other obligation under this Lease.
In the event of damage to any item of Equipment, Lessee shall immediately place
the same in good repair at Lessee's expense. If Lessor determines that any item
of Equipment is lost, stolen, destroyed or damaged beyond repair, Lessee shall
at Lessee's option do one of the following:
(a) Replace the same with like Equipment in good repair, acceptable to
Lessor; or
(b) Pay Lessor in cash the following: (i) all amounts due by Lessee to
Lessor with respect to all affected Schedules up to the date of the loss; (ii)
the unpaid balance of the total rent for the remaining term of the affected
Schedules attributable to said item, reduced to present value at a discount rate
of 9% as of the date of the loss; and (iii) the Lessor's estimate as of the time
this Lease was entered into of Lessor's residual interest in
EXHIBIT 10.35
the Equipment, discounted to present value at a discount raze of 9% as of the
date of the loss. Upon Lessor's receipt of payment as set forth above, Lessee
shall be entitled to the Equipment, without any warranties. If insurance
proceeds are used to fully comply with this subparagraph, the balance of any
such proceeds shall go to Lessee to compensate for loss of use of the Equipment
for the remaining term of the Lease.
15. INSURANCE; LIENS; TAXES. Lessee nail provide and maintain insurance
against loss, theft, or destruction of the Equipment in an amount not less than
the full replacement value of the Equipment, with loss payable to Lessor. Lessee
shall also provide and maintain comprehensive general all-risk liability
insurance, including but not limited to product liability coverage, insuring
Lessor and Lessee with a severability of interest endorsement or its equivalent,
aging any and all loss or liability for damages either to persons or property or
otherwise, which might result from or happen in connection with the condition,
use or operation of the Equipment, with such limits and with an insurer as are
satisfactory to Lessor. Each policy shall expressly provide that said insurance
as to Lessor and its assigns shall not be invalidated by any act, omission or
neglect of Lessee and cannot be canceled without 30 days written notice to
Lessor. As to each policy, Lessee shall furnish to Lessor a certificate of
insurance from the insurer, which certificate shall evidence the insurance
coverage required by this Paragraph and shall designate Lessor as loss payee
and/or additional insured. Lessor shall have no obligation to ascertain the
existence or adequacy of insurance, or to provide any insurance coverage for the
Equipment or for Lessee's benefit.
Lessee shall keep the Equipment free and clear of all levies, liens and
encumbrances. Lessee shall pay all charges and taxes (local, state and federal)
which may now or hereafter be imposed upon the ownership, leasing, rental, sale,
purchase, possession or use of the Equipment excluding, however, all taxes on or
measured by Lessor's net income.
If Lessee fails to procure or maintain said insurance or to pay said charges
or taxes, Lessor shall have the right, but shall not be obligated, to effect
such insurance, or pay such charges or taxes. In that event, Lessor shall notify
Lessee of such payment and Lessee shall repay to Lessor the cost thereof within
15 days after such notice is mailed to Lessee.
16. INDEMNITY. Lessee shall indemnify Lessor against any claims, actions,
damages or liabilities, including all attorney fees, arising out of or connected
with the Equipment, without limitation. Such indemnification shall survive the
expiration, cancellation or termination of this Lease. Lessee waives any
immunity Lessee may have under any industrial insurance act with regard to
indemnification of Lessor.
17. ASSIGNMENT BY LESSOR. Any assignee of Lessor shall have all of the
rights but none of the obligations of Lessor under this Lease. Lessee shall
recognize and hereby consents to any assignment of this Lease by Lessor, and
Lessee shall not assert against the assignee any defense, counterclaim or set-
off that Lessee may have against Lessor. Subject to the foregoing, this Lease
insures to the benefit of and is binding upon the heirs, devisees, personal
representatives, survivors, and successors in interest and assigns of the
parties hereto.
18. SERVICE CHARGES; INTEREST. If Lessee shall fail to make any payment
required by this Lease within 10 days of the due date thereof: Lessee shall pay
to Lessor a service charge of 8% of the amount due, provided, however, that not
more than one such service charge shall be made on any delinquent payment
regardless of the length of the delinquency. In addition to the foregoing
service charge, Lessee shall pay to Lessor a $100 default fee with respect to
any payment which becomes thirty (30) days past due. In addition, Lessee shall
pay to Lessor any actual additional expenses incurred by Lessor in collection
efforts, including but not limited to long-distance telephone charges and travel
expenses.
Further, Lessee shall pay to Lessor interest on any delinquent payment or
amount due under this Lease from the due date thereof until paid, at the lesser
of the maximum rate of interest allowed by law or 18% per annum.
19. TIME OF ESSENCE. Time is of the essence of this Lease, and this
provision shall not be impliedly waived by the acceptance on occasion of late or
defective performance.
20. DEFAULT. Lessee shall be in default of this Lease if:
(a) Lessee shall fail to make any payment due under the terms of this Lease
for a period of 10 days from the due date thereof; or
(b) Lessee shall fail to observe, keep or perform any other provision of
this Lease, and such failure shall continue for a period of 10 days; or
(c) Lessee has made any misleading or false statement in connection with
application for or performance of this Lease; or
(d) The Equipment or any part thereof shall be subject to any lien, levy,
seizure, assignment, transfer, bulk transfer, encumbrance, application,
attachment, execution, sublease, or sale without prior written consent of
Lessor, or if Lessee shall abandon the Equipment or permit any other entity or
person to the use Equipment without the prior written consent of Lessor, or
(e) Lessee dies or ceases to exist; or
(f) Lessee defaults on any other agreement it has with Lessor; or
(g) Any guarantor of this Lease defaults on any obligation to Lessor, or any
to the above-listed events of default occur with respect to any guarantor, or
any such guarantor files or has tiled against it a petition under the bankruptcy
laws.
21. REMEDIES. If Lessee is in default, Lessor, with or without notice to
Lessee, shall have the right to exercise any one or more of the following
remedies, concurrently or separately and without any election of remedies being
deemed to have been made:
(a) Lessor may enter upon Lessee's premises and without any court order or
other process of law may repossess and remove the Equipment, or render the
Equipment unusable without removal, either with or without notice to Lessee.
Lessee hereby waives any trespass or right of action for damages by reason of
such entry, removal or disabling. Any such repossession shall not constitute a
termination of this Lease;
(b) Lessor may require Lessee, at its expense, to return the Equipment in
good repair, ordinary wear and tear resulting from proper use thereof alone
excepted, by delivering it, packed and ready for shipment, to such place or
carrier as Less or may specify;
(c) Lessor may cancel or terminate this Lease and may retain any and all
prior payments paid by Lessee;
(d) Lessor may declare all sums due and to become due under this Lease
immediately due and payable, including as to any or all items of Equipment,
without notice or demand to Lessee:
(e) Lessor may re-lease the Equipment to any third party, without notice to
Lessee, upon such terms and conditions as Lessor alone shall determine, or may
sell the Equipment without notice to Lessee, at private or public sale, at which
sale Lessor may be the purchaser;
(t) Lessor may ▇▇▇ for and recover from Lessee the sum of all unpaid rents
and other payments due under this Lease then accrued, plus all accelerated
future payments due under this Lease, reduced to their present value using a
discount rate of 9%, as of the date of default, plus Lessor's estimate at the
time this Lease was entered into of Lessor's residual interest in the Equipment,
reduced to present value at a discount rate of 9%, as of the date of default,
less the net proceeds of disposition, if any, of the Equipment,
(g) To pursue any other remedy available at law, by statute or in equity.
No right or remedy conferred upon or reserved to Lessor is exclusive of any
other right or remedy herein, or by law or by equity provided or permitted, but
each shall be cumulative of every other right or remedy given herein or now or
hereafter existing by law or equity or by statute or otherwise, and may be
enforced concurrently therewith or from time to time. No single or partial
exercise by Lessor of any right or remedy
EXHIBIT 10.35
hereunder shall preclude any other or further exercise of any other right of
remedy.
22. MULTIPLE LESSEES. Lessee and each of them are jointly and severally
responsible and liable to owner under this Lease. Lessor may, with the consent
of any one of the Lessees hereunder, modify, extend or change any of the terms
hereof without consent or knowledge of the others, without in any way releasing,
waiving or impairing any right granted to Lessor against the others.
23. EXPENSE OF ENFORCEMENT. In the event of any legal action with respect to
this Lease, the prevailing party in any such action shall be entitled to
reasonable attorney fees, including attorney fees incurred at the trial level,
including action in bankruptcy court, on appeal or review, or incurred without
action, suits or proceedings, together with all costs and expenses incurred in
pursuit thereof.
24. MISCELLANEOUS.
(1) LESSEE HEREBY ACKNOWLEDGES THAT THIS LEASE IS NONCANCELABLE FOR THE ORIGINAL
RENTAL TERM SET FORTH IN EACH SCHEDULE.
(2) LESSEE UNDERSTANDS AND ACKNOWLEDGES THAT NO BROKER OR SUPPLIER NOR ANY
SALESMAN, BROKER OR AGENT OF ANY BROKER OR SUPPLIER IS AN AGENT OF LESSOR.
NO BROKER OR SUPPLIER, NOR ANY SALESMAN, BROKER OR AGENT OF ANY BROKER OR
SUPPLIER IS AUTHORIZED TO WAIVE OR ALTER ANY TERM OR CONDITION OF THIS
LEASE, AND NO REPRESENTATION AS TO THE EQUIPMENT OR ANY OTHER MATTER BY A
BROKER OR SUPPLIER OR ANY SALESMAN, BROKER OR AGENT OF ANY BROKER OR
SUPPLIER SHALL IN ANY WAY AFFECT LESSEE'S DUTY TO PAY THE RENTALS AND TO
PERFORM LESSEE'S OBLIGATIONS SET FORTH IN THIS LEASE.
25. SEVERABILITY. This Lease is intended to constitute a valid and
enforceable legal instrument. In the event any provision hereof is declared
invalid, such provision will be deemed severable from the remaining provisions
of this Lease, all of which will remain in full force and effect.
26. ENTIRE AGREEMENT; WAIVER. This instrument and the Schedules executed by
Lessor and Lessee constitute the entire agreement between Lessor and Lessee with
respect to the Equipment and the subject matter of this Lease. No provision of
this Lease shall be modified unless in writing signed by an authorized
representative of Lessor. Waiver by Lessor of any provision hereof in one
instance shall not constitute a waiver of any other instance.
27. CHOICE OF LAW; JURISDICTION. This Lease shall not be effective until
signed by Lessor at its principal place of business listed above. This Lease
shall be considered to have been made in the state of Lessor's principal place
of business and shall be interpreted in accordance with the laws and regulations
of that state.
Lessee agrees to jurisdiction in the state of Lessor's principal place of
business in any action, suit or proceeding arising out of this Lease, and
concedes that it, and each of them, transacted business in the said state by
entering into this Lease. In the event of legal action to enforce this Lease,
Lessee agrees that venue may be laid in county of Lessor's principal place of
business.
Lessee initials:
LESSEE: Thermaire Inc dba Thermal Corp LESSOR: UNICAPITAL BSB Leasing
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Date 2/23/00
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President
EXHIBIT 10.35
Exhibit "A"
UNICAPITAL BSB Leasing Lease No. ______________
Vendor: Suburban Supply
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
EQUIPMENT
LOCATION ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇
QUANTITY DESCRIPTION
1. AUTO FEEDER OF ALUMINUM ROLL SHEET
1 ALUMINUM SHEET AUTO BATHING SYSTEM
1 MANUAL FEEDING SYSTEM
1 PUNCHING DYE
1 HIGH SPEED AUTO PUNCH
1 MAIN ENGINE AND PNEUMATIC
1 ALUMINUM PEN AUTO COLLECTOR
1 ELECTRIC AUTO CONTROL SYSTEM
1 SCREEN TYPE COMPUTER OPERATOR PLATE
1 HYDRAULIC FOR MOLD TAKE OUT SYSTEM
UNICAPITAL BSB Leasing Lease No. ______________
VENDOR: Tridan International, Inc.
▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
EQUIPMENT
LOCATION Tooling Equipment
▇▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
QUANTITY DESCRIPTION
1 FLEXPANDER MODEL PE-4S
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President
-----------------------------
EXHIBIT 10.35
LESSOR:UNICAPITAL BSB Leasing LEASE NUMBER
DATE OF LEASE___________
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LESSEE: Thermaire Inc dba Thermal Corp
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EQUIPMENT DESCRIPTION:
See Exhibit A Attached hereto and made a part hereof
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ACKNOWLEDGEMENT AND ACCEPTANCE
OF EQUIPMENT BY LESSEE
Lessee hereby acknowledges that the Equipment described above has been received
in good condition and repair, has been properly installed, tested, and
inspected, and is operating satisfactorily in all respects for all of Lessee's
intended uses and purposes. Lessee hereby accepts unconditionally and
irrevocably the Equipment.
By signature below, Lessee specifically authorizes and requests Lessor, to make
payment to the supplier of the Equipment. Lessee agrees that said Equipment has
not been delivered, installed, or accepted on a trial basis.
WITH THE DELIVERY OF THIS DOCUMENT TO LESSOR, LESSEE ACKNOWLEDGES AND AGREES
THAT LESSEE'S OBLIGATIONS TO LESSOR BECOME ABSOLUTE AND IRREVOCABLE AND LESSEE
SHALL BE FOREVER ESTOPPED FROM DENYING THE TRUTHFULNESS OF THE REPRESENTATIONS
MADE IN THIS DOCUMENT.
DATE OF ACCEPTANCE: LESSEE: Thermair Inc dba Thermal Corp
2/23/00 /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
------------------- ------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President
IMPORTANT: THIS DOCUMENT HAS LEGAL
AND FINANCIAL CONSEQUENCES TO YOU. I hereby authorize ▇▇▇ ▇▇▇▇▇▇▇▇▇, General
DO NOT SIGN THIS DOCUMENT UNTIL YOU Manager to orally verify my/our
HAVE ACTUALLY RECEIVED ALL OF acceptance of the above reference
THE EQUIPMENT AND ARE COMPLETELY equipment in my absence.
SATISFIED WITH IT.