GRAPHIC SOLUTIONS GROUP, INC. 304 N Walton St 75226 ###-###-#### TOLL FREE ###-###-####/FAX NO. (214) 741-6527 SALES CONTRACT
EX-10.5 3 ex10five.htm CAPITAL LEASE AGREEMENT ex10five.htm
Exhibit 10.5
GSG
Contract# 1134287-00
GRAPHIC SOLUTIONS GROUP, INC.
304 N Walton St – 75226 – (214) 746-3271
TOLL FREE ###-###-####/FAX NO. (214) 741-6527
SALES CONTRACT
Customer no. 916438
| Bill to: | Beacon Funding Corporation | Ship to: | HALL Tee’s | DATE: | 01/31/08 | ||||||
| 26 Lord Road Suite 230 | 7405 Armstrong Ln | PHONE NO. | (972) 412-5769 | ||||||||
| Marlborough, MA 01752 | Rowlett, Texas 75089 | TERMS: | See terms | ||||||||
| Outside Sales Rep: | Joseph R Garcia | ||
| Inside Sales Rep: | Danny Standard |
This is a contract wherein Graphic Solutions agrees to sell to Customer and Customer agrees to purchase from Graphic Solutions the equipment described below for the price and on the terms, conditions, and provisions set forth in this Sales Contract, such equipment being hereafter referred to as the “Equipment”.
| LINE# | PRODUCT | QTY | UNIT | PRICE | DISCOUNT% | NET AMOUNT | ||||
| SUB-TOTAL: | 20495.00 | |||||||||
| ORDER DISC: | 0.00 | |||||||||
| TRADE IN: | 0.00 | |||||||||
| SUB TOTAL: | 20495.00 | |||||||||
| TAX | 0.00 | |||||||||
| DOWNPMNT: | 0.00 | |||||||||
| FREIGHT: | 0.00 | |||||||||
| TRADE IN: | 0.00 | |||||||||
| TOTAL SALES PRICE: | 20495.00 |
TERMS OF PAYMENT: - Lease Co
Financed by Lease
Graphic Solutions Group, Inc.’s preferred leasing partner is Geneva Capital L.L.C. Geneva Capital offers competitive rates and custom lease purchase plans designed to meet your specific needs. To learn more about our financing and the tax advantages leasing provides, please contact Carey Kroll at ###-###-#### or email ***@***
TERMS:
Financing: It is agreed that the Customer will pay an annual interest rate of 12% over 60 months. The Customer will pay 60 equal installments beginning with January and February 2008 for a payment of $974.00 on January 31, 2008, inclusive of principal and interest. At the end of the lease the Customer has the right to purchase the equipment for $1.00.
| Purchase Price | $ | 20495.00 | |||
| Plus: Purchase Option | $ | 1690.00 | |||
| Total With Option | $ | 22185.00 | |||
| Plus: Interest | $ | 7,035.00 | |||
| Total With Interest | $ | 29220.00 | |||
| Number of Monthly Payments | 60 | ||||
| Monthly Payments | $ | 487.00 | |||
| Jan 2008 Payment for Jan & Feb 2008 | $ | 974.00 |
This contract is executed to be effective on the date hereinabove written.
| GRAPHIC SOLUTIONS GROUP, INC. | Hall Tee’s |
| By: Rodney Williams | By: William O Lewis |
| /s/ Rodeny Williams | /s/ William O Lewis |
| Signature | Signature |
| Title: EVP Date: 3-25-08 | Title: President Date: 1-31-08 |
