{"id":42275,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/equipment-lease-agreement-brentwood-credit-corp-and.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"equipment-lease-agreement-brentwood-credit-corp-and","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/equipment-lease-agreement-brentwood-credit-corp-and.html","title":{"rendered":"Equipment Lease Agreement &#8211; Brentwood Credit Corp. and Interactive Imaginations Inc."},"content":{"rendered":"<pre>                          BRENTWOOD CREDIT CORPORATION\n\nSCHEDULE NO.   01\n\nTO EQUIPMENT LEASE NO.    III-1000-100\n\nDATED   June 1, 1996\n\nLESSEE   Interactive Imaginations, Inc.\n\nSCHEDULE TOTAL:    $852,325.00\n\nEquipment Data:\n\nQUANTITY              TYPE          MODEL &amp; DESCRIPTION\n--------              ----          -------------------\n\nSee attached for breakdown of equipment.\n\n\nLocation of Equipment   915 Broadway, Suite 1605\n                        New York, NY 10010\n\n\nTerm of Schedule: 6 quarters commencing on June 1, 1996 up to and including\n                  November 30, 1997.\n\n\nRental Payments:  $150,965.00 per quarter in advance plus applicable sales tax.\n\n        Brentwood Credit Corporation, (Lessor) hereby agrees to lease to the\nLessee named below, and Lessee hereby agrees to lease and rent from Lessor the\nequipment listed above, for the term and rental payments specified, all subject\nto the terms and conditions set forth in such equipment lease.\n\nLessor: BRENTWOOD CREDIT                 Lessee: INTERACTIVE IMAGINATIONS,\n        CORPORATION                              INC.\n\n\nBy:    s\/s Michael J. Budzinski          By:    \/w\/ Jeff Mart\n       ------------------------                 ------------------------\n\nTitle: CFO                               Title: VP, Finance\n       ------------------------                 ------------------------\n\nDate:  June 1, 1996                      Date:  June 1, 1996\n       ------------------------                 ------------------------\n\n1620 26th Street                         915 Broadway, Suite 1605\nSuite #290-S                             New York, NY 10010\n(310) 828-1199\n\n\n\n\nThursday, 10\/9\/97\n\nMr. Ross Goldstein\nEVP, Finance &amp; CFO\nInteractive Imaginations, Inc.\n915 Broadway, Suite 1608\nNew York, NY 10010\n\nDear Ross:\n\nBrentwood Credit Corporation (BCC) and AT&amp;T Systems Leasing agree to offer\nInterative Imaginations, Inc. (III) extended payment terms for the deferred\nquarterly lease obligation originally due on 9\/1\/97. These terms will consist of\none payment due 10\/15\/97 of $45,000 (plus cable tax), in addition to the\nfollowing equipment return &amp; extension agreement:\n\n\n\n\nServer Type                   Return\/Extended        Effective               1-Year Lease*\n-----------                   ---------------        ---------               -------------\n                                                                    \n(1) Challenge XL              Returned               on or before 10\/20\/97\n(1) Challenge DM              Returned               '             '\n(2) Challenge S               Returned               '             '\n(1) Challenge L Deskside      Extended               12\/1\/97                 $21,525\/qtr\n(2) Challenge S Servers       Extended               12\/1\/97                 $2,060\/qtr\/ea\n                                                                             -------------\n                                                                             $25,645\/quarter**\n\n\n        o      Extension Period = 12 months (12\/01\/97 - 11\/30\/98)\n        **     Quarterly invoices due 3\/1\/98, 6\/1\/98 &amp; 9\/1\/98 are $45,935 (plus applicable tax)\n               per quarter to reflect the deferral in the 10\/15\/97 payment.\n\n\nCountersigned receipt of your signature below serves as notification to accept\nthese terms &amp; conditions - which remain valid through end-of-day tomorrow,\n10\/10\/97. Contact myself or Mike Budzinski (CFO) immediately with questions\n(310\/828-1199). Please instruct your technical team to prepare the four\nreturning assets for shipment on or before Monday, 10\/20\/97, configured\nidentical to their original condition as listed on the Attachment to Lease\nSchedule #1.\n\nRegards,                                    Agreed to &amp; Accepted by:\n\n\/s\/ Jay Axelson\n\nJay Axelson                                 Name: \/s\/ Michael Paolucci\nDirector, Sales                                  ------------------------\nBrentwood Credit Corporation                Title: Chairman\n                                                 ------------------------\n                                            Date: 10\/10\/97\n                                                 ------------------------\n                                            Interactive Imaginations, Inc.\n\n                          Brentwood Credit Corporation\n   1620 26th Street, Suite 290-S, Santa Monica, California 90404 310-828-1199\n                                fax: 310-828-7781\n\n\n\n\n                         INTERACTIVE IMAGINATIONS, INC.\n                    SCHEDULE 01 TO MASTER LEASE III-1000-100\n                              EQUIPMENT ATTACHMENT\n                                     PAGE 1\n\n\n\nQTY     EQUIPMENT DESCRIPTION\n---     ---------------------\n     \n        SILICON GRAPHICS COMPUTER SYSTEMS\n\n1       CHALLENGE L DESKSIDE SERVER, 8x250MHZ R4400w\/4MB\n        SECONDARY CACHE, 64MB MEMORY, 1 IMB, 2GB SYS DISK\n1       FIRST 512MB SUPER DENS MEM, 2 WAY INTERLEAVE, 1 IMB FOR\n        CHALLENGE AND ONYX SYSTEMS\n1       2GB SCSI-2 FAST, WIDE DIFFERENTIAL SYSTEM DISK FOR ALL\n        CHALLENGE AND ONXY SYSTEMS\n\n\n\n\n\n                         INTERACTIVE IMAGINATIONS, INC.\n                    SCHEDULE 01 TO MASTER LEASE III-1000-100\n                              EQUIPMENT ATTACHMENT\n                                     PAGE 2\n\n\n<font size=\"2\">     \n\n1       RACKMOUNT RAID ENCLOSURE WITH 1 CONTROLLER, 2 POWER\n        SUPPLIES, FIVE 4.3GB DISK DRIVES\n3       FIVE 4.3GB DISK DRIVES FOR INSTALLATION IN RAID CABINET ONLY\n1       SECOND RAID CONTROLLER W\/64MB MIRRORED CACHE (128MB\n        TOTAL) AND BBU\n1       THIRD POWER SUPPLY FOR INSTALLATION IN RAID CABINET FOR\n        TWO CONTROLLER CONFIGURATIONS\n1       DESTINATION KIT FOR STAND-ALONE PERIPHERALS 91 (110V)\n1       SCSI-2 10 MHZ\/16-BIT DIFFERENTIAL MEZZANINE CARD FOR\n        CHALLENGE AND ONYX SYSTEMS\n1       IRIX 5.3 OPERATING SYSTEM SOFTWARE AND MANUALS FOR\n        SERVERS (NOT R800 SYSTEMS).  CD-ROM MEDIA\n1       FDDI 2 PORT SINGLE ATTACHED HIO INTERFACE FOR CHALLENGE\n        DM\/L\/XL, ONYX (IRIX 5.3.6.1 AND 6.2)\n1       DESTINATION KIT FOR L SERIES, ONYX RE2, VTX, EX DESKSIDE\n        REALITY STATION, 110V\n2       CD-ROM UPDATE MEDIA REQUIREMENTS - FOR SUPPORT ONLY\n<\/font>\n\n\n\n\n\n                         INTERACTIVE IMAGINATIONS, INC.\n                    SCHEDULE 01 TO MASTER LEASE III-1000-100\n                              EQUIPMENT ATTACHMENT\n                                     PAGE 3\n\n\n     \n4       64MB MEMORY UPGRADE FOR INDIGO2 POWER INDIGO2, INDY,\n        CHALLENGE S, CHALLENGE M, &amp; POWER CHALLENGE M\n1       EXTERNAL 4x CD ROM SCSI DRIVE\n4       FDDI, SINGLE ATTACH INTERFACE FOR INDY, CD AND MANUAL KIT\n        (IRIX 5.1)\n4       CD-ROM UPDATE MEDIA REQUIREMENTS - FOR SUPPORT ONLY\n1       FULL EXTENDED WARRANTY\n\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6536],"corporate_contracts_industries":[9503],"corporate_contracts_types":[9613,9614],"class_list":["post-42275","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-247-media-inc","corporate_contracts_industries-services__advertising","corporate_contracts_types-operations","corporate_contracts_types-operations__equipment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42275"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42275"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42275"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}