Equipment Lease Proposal Agreement between Data Sales Co., Inc. and Adaytum Software Inc.
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Summary
Data Sales Co., Inc. proposes to lease up to $1,000,000 worth of Tier One technology hardware to Adaytum Software Inc. for 30 months. Adaytum must pay a 10% downpayment plus soft costs, with monthly payments made via ACH. The lease rate is variable, and at the end of the term, Adaytum may purchase the equipment at fair market value, capped at 20% of the original cost. Data Sales Co. also receives warrants equal to 5% of the lease line. The agreement is only for equipment used in the U.S. and is subject to monthly review.
EX-10.27 24 ex-10_27.txt EXHIBIT 10.27 Data Sales Co. 3450 West Burnsville Parkway Burnsville, MN 55337 ###-###-#### fax: 952 ###-###-#### July 6, 2000 Via Fax-1 Page ###-###-#### Ms. Andrea Spears Adaytum Software Inc. 2051 Killebrew Drive Suite 400 Bloomington, MN 55425 Dear Andrea, Data Sales Co., Inc. (DSC) is pleased to present ate additional lease, line proposal to Adaytum Software Inc. (ASI). This proposal should be considered confidential and may only be shared among employees, investors and/or consultants.
As your acceptance of this proposal please have the Agreed to line signed below and fax back to my attention at ###-###-####. Thank you for the opportunity to provide Adaytum Software Inc. with its leasing requirements. Sincerely, AGREED TO BY: Name: /s/ Michael Mehr ---------------------------- Michael Mehr /s/ Daniel Gannon Daniel Gannon Title: VP-Finance & Adm. ----------------------------- Date: July 26, 2000 ------------------------------
