Equipment Lease Line Proposal between Data Sales Co., Inc. and Adaytum Inc.
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Summary
Data Sales Co., Inc. proposes to lease up to $500,000 of technology hardware to Adaytum Inc. for 30 months. Adaytum must make a 10% down payment plus soft costs, with monthly payments at a floating rate. At the end of the term, Adaytum may purchase the equipment at fair market value, capped at 20% of the original cost, if no default occurs. Data Sales also receives warrants equal to 5% of the financed amount. The agreement is subject to monthly review and excludes maintenance, taxes, and other costs.
EX-10.25 22 ex-10_25.txt EXHIBIT 10.25 DATA SALES CO., INC. 3450 west burnsville parkway - burnsville, mn 55337 ###-###-#### - fax ###-###-#### March 13, 2000 Via Fax-1 Page ###-###-#### Mr. Mike Mehr Adaytum Inc. 2051 Killebrew Drive Suite 410 Bloomington, MN 55425 Dear Mike, Data Sales Co., Inc. is pleased to present the following lease line proposal to Adaytum Inc. This proposal is considered confidential and may only be shared among employees, investors or consultants.
As your acceptance of this proposal please sign the Agreed to line below and fax back to my attention at ###-###-####. Thank you for the opportunity to provide Adaytum Inc. with its leasing requirements. Sincerely, AGREED TO BY: Name: /s/ Mike Mehr ---------------------------------- /s/ Daniel Gannon Mike Mehr Daniel Gannon Title: VP - Finance & Administration --------------------------------- Date: 3/15/00 ----------------------------------
