Equipment Financing Agreement between Lease Management Services, Inc. and IRORI Incorporated

Contract Categories: Business Finance › Financing Agreements
Summary

This agreement is between Lease Management Services, Inc. (the lender) and IRORI Incorporated (the borrower) for the financing of equipment. IRORI grants Lease Management Services a security interest in the financed equipment until all payments and obligations are fulfilled. IRORI must make installment payments as specified, maintain the equipment, and cannot offset payments for any reason. The agreement is strictly for financing; Lease Management Services is not responsible for the equipment’s condition or suitability. The agreement remains in effect until all terms are met or in the event of default.

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EX-10.34 5 ex10-34.txt EXHIBIT 10.34 1 EXHIBIT 10.34 LEASE MANAGEMENT SERVICES, INC. EQUIPMENT FINANCING AGREEMENT (Number 10787) THIS EQUIPMENT FINANCING AGREEMENT NUMBER 10787 ("Agreement") is dated as of the date set forth at the foot hereof and is between LEASE MANAGEMENT SERVICES, INC. ("Secured Party") and IRORI INCORPORATED, ("Debtor"). 1. EQUIPMENT; SECURITY INTEREST. The terms and conditions of this Agreement cover each item of machinery, equipment and other property (individually an "Item" or "Item of Equipment" and collectively the "Equipment") described in a schedule now or hereafter executed by the parties hereto and made a part hereof (individually a "Schedule" and collectively the "Schedules"). Debtor hereby grants Secured Party a security interest in and to all Debtor's right, title and interest in and to the Equipment under the Uniform Commercial Code, such grant with respect to an Item of Equipment to be as of Debtor's execution of a related Equipment Financing Commitment referencing this Agreement or, if Debtor then has no interest in such Item, as of such subsequent time as Debtor acquires an interest in the Item. Such security interest is granted by Debtor to secure performance by Debtor of Debtor's obligations to Secured Party hereunder and under any other agreements under which Debtor has or may hereafter have obligations to Secured Party. Debtor will ensure that such security interest will be and remain a sole and valid first lien security interest subject only to the lien of current taxes and assessment not in default but only if such taxes are entitled to priority as a matter of law. 2. DEBTOR'S OBLIGATIONS. The obligations of Debtor under this Agreement respecting an Item of Equipment, except the obligation to pay installment payments with respect thereto which will commence as set forth in Paragraph 3 below, commence upon the grant to Secured Party of a security interest in the Item. Debtor's obligations hereunder with respect to an Item of Equipment and Secured Party's security interest therein will continue until payment of all amounts due, and performance of all terms and conditions required hereunder provided, however, that if this Agreement is in default said obligations and security interest will continue during the continuance of said default. Upon termination of Secured Party's security interest in an Item of Equipment, Secured Party will execute such release of interest with respect thereto as Debtor reasonably requests. 3. INSTALLMENT PAYMENTS AND OTHER PAYMENTS. Debtor will repay advances Secured Party makes on account of the Equipment in installment payments in the amounts and at the times set forth in the Schedules, whether or not Secured Party has rendered an invoice therefor, at the office of Secured Party set forth at the foot hereof, or to such person and/or at such other place as Secured Party may from time to time designate by notice to Debtor. Any other amounts required to be paid Secured Party by Debtor hereunder are due upon Debtor's receipt of Secured Party's invoice therefor and will be payable as directed in the invoice. Payments under this Agreement may be applied to Debtor's then accrued obligations to Secured Party in such order as Secured Party may choose. 2 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 2 OF 2 4. NET AGREEMENT; NO OFFSET, SURVIVAL. This Agreement is a net agreement, and Debtor will not be entitled to any abatement of installment payments or other payments due hereunder or any reduction thereof under any circumstance or for any reason whatsoever. Debtor hereby waives any and all existing and future claims, as offsets, against any installment payments or other payments due hereunder and agrees to pay the installment payments and other amounts due hereunder as and when due regardless of any offset or claim which may be asserted by Debtor or on its behalf. The obligations and liabilities of Debtor hereunder will survive the termination of the Agreement. 5. FINANCING AGREEMENT. THIS AGREEMENT IS SOLELY A FINANCING AGREEMENT. DEBTOR ACKNOWLEDGES THAT THE EQUIPMENT HAS OR WILL HAVE BEEN SELECTED AND ACQUIRED SOLELY BY DEBTOR FOR DEBTOR'S PURPOSES, THAT SECURED PARTY IS NOT AND WILL NOT BE THE VENDOR OF ANY EQUIPMENT AND THAT SECURED PARTY HAS NOT MADE AND WILL NOT MAKE ANY AGREEMENT, REPRESENTATION OR WARRANTY WITH RESPECT TO THE MERCHANTABILITY, CONDITION, QUALIFICATION OR FITNESS FOR A PARTICULAR PURPOSE OR VALUE OF THE EQUIPMENT OR ANY OTHER MATTER WITH RESPECT THERETO IN ANY RESPECT WHATSOEVER. 6. NO AGENCY. DEBTOR ACKNOWLEDGES THAT NO AGENT OF THE MANUFACTURER OR OTHER SUPPLIER OF AN ITEM OF EQUIPMENT OR OF ANY FINANCIAL INTERMEDIARY IN CONNECTION WITH THIS AGREEMENT IS AN AGENT OF SECURED PARTY. SECURED PARTY IS NOT BOUND BY A REPRESENTATION OF ANY SUCH PARTY AND, AS CONTEMPLATED IN PARAGRAPH 27 BELOW, THE ENTIRE AGREEMENT OF SECURED PARTY AND DEBTOR CONCERNING THE FINANCING OF THE EQUIPMENT IS CONTAINED IN THIS AGREEMENT AS IT MAY BE AMENDED ONLY AS PROVIDED IN THAT PARAGRAPH. 7. ACCEPTANCE. Execution by Debtor and Secured Party of a Schedule covering the Equipment or any Items thereof will conclusively establish that such Equipment has been included under and will be subject to all the terms and conditions of this Agreement. If Debtor has not furnished Secured Party with an executed Schedule by the earlier of fourteen (14) days after receipt thereof or expiration of the commitment period set forth in the applicable Equipment Financing Agreement, Secured Party may terminate its obligation to advance funds as to the applicable Equipment. 8. LOCATION; INSPECTION; USE. Debtor will keep, or in the case of motor vehicles, permanently garage and not remove from the United States, as appropriate, each Item of Equipment in Debtor's possession and control at the Equipment Location designated in the applicable Schedule, or at such other location to which such Item may have been moved with the prior written consent of Secured Party. Whenever requested by Secured Party, Debtor will advise Secured Party as to the exact location of an Item of Equipment. Secured Party will have the right to inspect the Equipment and observe its use during normal business hours, subject to Debtor's security procedures and to enter into and upon the premises where the Equipment may be located for such purpose. The Equipment will at all times be used solely for commercial or 3 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 3 OF 3 business purposes and operated in a careful and proper manner and in compliance with all applicable laws, ordinances, rules and regulations, all conditions and requirements of the policy or policies of insurance required to be carried by Debtor under the terms of this Agreement and all manufacturer's instructions and warranty requirements. Any modifications or additions to the Equipment required by any such governmental edict or insurance policy will be promptly made by Debtor. 9. ALTERATIONS; SECURITY INTEREST COVERAGE. Without the prior written consent of Secured Party, Debtor will not make any alterations, additions or improvements to any Item of Equipment which detract from its economic value or functional utility, except as may be required pursuant to Paragraph 8 above. Secured Party's security interest in the Equipment will include all modifications and additions thereto and replacements and substitutions therefor, in whole or in part. Such reference to replacements and substitutions will not grant Debtor greater rights to replace or substitute than are provided in Paragraph 11 below or as may be allowed upon the prior written consent of Secured Party. 10. MAINTENANCE. Debtor will maintain the Equipment in good repair, condition and working order. Debtor will also cause each Item of Equipment for which a service contract is generally available to be covered by such a contract which provides coverages typical to property of the type involved and is issued by a competent servicing entity. 11. LOSS AND DAMAGE; CASUALTY VALUE. In the event of the loss of, theft of, requisition of, damage to or destruction of an Item of Equipment ("Casualty Occurrence"), Debtor will give Secured Party prompt notice thereof and will thereafter place such Item in good repair, condition and working order, provided, however, that if such Item is determined by Secured Party to be lost, stolen, destroyed or damaged beyond repair, is requisitioned or suffers a constructive total loss as defined in any applicable insurance policy carried by Debtor in accordance with Paragraph 14 below, Debtor, at Secured Party's option, will (a) replace such Item with like Equipment in good repair, condition and working order whereupon such replacement equipment will be deemed such Item for all purposes hereof or (b) pay Secured Party the "Casualty Value" of such Item which will equal the total of (i) all installment payments and other amounts due from Debtor to Secured Party at the time of such payment and (ii) future installment payments due with respect to such Item with each such payment including any final uneven payment discounted at a rate equal to the discount rate of the Federal Reserve Bank of San Francisco from the date due to the date of such payment. Upon such replacement or payment, as appropriate, this Agreement and Secured Party's security interest will terminate with, and only with, respect to the Item of Equipment so replaced or as to which such payment is made in accordance with Paragraph 2 above. 12. TITLING; REGISTRATION. Each item of Equipment subject to title registration laws will at all times be titled and/or registered by Debtor as Secured Party's agent and attorney-in-fact with full power and authority to register (but without power to affect title to) the Equipment in such manner and in such jurisdiction or jurisdictions as Secured Party directs. Debtor will promptly notify Secured Party of any necessary or advisable retitling and/or reregistration of an Item of Equipment in a jurisdiction other than the one in which such Item is then titled and/or 4 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 4 OF 4 registered, Any and all documents of title will be furnished or caused to be furnished Secured Party by Debtor within sixty (60) days of the date any titling or registering or restating or reregistering, as appropriate, is directed by Secured Party. 13. TAXES. Debtor will make all filings as to and pay when due all personal property and other ad valorem taxes and all other taxes, fees, charges and assessments based on the ownership or use of the Equipment and will pay as directed by Secured Party or reimburse Secured Party for all other taxes, including, but not limited to, gross receipt taxes (exclusive of federal and state taxes based on Secured Party's net income, unless such net income taxes are in substitution for or relieve Debtor from any taxes which Debtor would otherwise be obligated to pay under the terms of this Paragraph 13), fees, charges and assessments whatsoever, however designated, whether based on the installment payments or other amounts due hereunder, levied, assessed or imposed upon the Equipment or otherwise related hereto or to the Equipment, now or hereafter levied, assessed or imposed under the authority of a federal, state, or local taxing jurisdiction, regardless of when and by whom payable. Filings with respect to such other amounts will, at Secured Party's option, be made by Secured Party or by Debtor as directed by Secured Party. 14. INSURANCE. Debtor will procure and continuously maintain all risk insurance against loss or damage to the Equipment from any cause whatsoever for not less than the full replacement value thereof naming Secured Party as Loss Payee. Such insurance must be in a form and with companies approved by Secured Party, must provide at least thirty (30) days advance written notice to Secured Party of cancellation, change or modification in any term, condition, or amount of protection provided therein, must provide full breach of warranty protection and must provide that the coverage is "primary coverage" (does not require contribution from any other applicable coverage). Debtor will provide Secured Party with an original policy or certificate evidencing such insurance. In the event of an assignment of this Agreement of which Debtor has notice, Debtor will cause such insurance to provide the same protection to the assignee as its interests may appear. The proceeds of such insurance, at the option of the Secured Party or such assignee, as appropriate, will be applied toward (a) repair or replacement of the appropriate Item or Items of Equipment, (b) payment of the Casualty Value thereof and/or (c) payment of, or as provision for, satisfaction of any other accrued obligations of Debtor hereunder. Debtor hereby appoints Secured Party as Debtor's attorney-in-fact with full power and authority to do all things, including, but not limited to, making claims, receiving payments and endorsing documents, checks or drafts, necessary to secure payments due under any policy contemplated hereby on account of a Casualty Occurrence. Debtor and Secured Party contemplate that the jurisdictions where the Equipment will be located will not impose any liability upon Secured Party for personal injury and/or property damage resulting out of the possession, use, operation or condition of the Equipment. In the event Secured Party determines that such is not or may not be the case with respect to a given jurisdiction, Debtor will provide Secured Party with public liability and property damage coverage applicable to the Equipment in such amounts and in such form as Secured party requires. 15. SECURED PARTY'S PAYMENT. If Debtor fails to pay any amounts due hereunder or to perform any of its other obligations under this Agreement, Secured Party may, at its option, but without any obligation to do so, pay such amounts or perform such obligations, and Debtor 5 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 5 OF 5 will reimburse Secured Party the amount of such payment or cost of such performance, plus interest at 1.5% per month. 16. INDEMNITY. Debtor does hereby assume liability for and does agree to indemnify, defend, protect, save and keep harmless Secured Parry from and against any and all liabilities, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including court costs and legal expenses, of whatever kind and nature, imposed on, incurred by or asserted against Secured Party (whether or not also indemnified against by any other person) in any way relating to or arising out of this Agreement or the manufacture, financing, ownership, delivery, possession, use, operation, condition or disposition of the Equipment by Secured Party or Debtor, including, without limitation, any claim alleging latent and other defects, whether or not discoverable by Secured Party or Debtor, and any other claim arising out of strict liability in tort, whether or not in either instance relating to an event occurring while Debtor remains obligated under this Agreement, and any claim for patent, trademark or copyright infringement. Debtor agrees to give Secured Party and Secured Party agrees to give Debtor notice of any claim or liability hereby indemnified against promptly following learning thereof. 17. DEFAULT. Any of the following will constitute an event of default hereunder: (a) Debtor's failure to pay when due any installment payment or other amount due hereunder, which failure continues for ten (10) days after the due date thereof; (b) Debtor's default in performing any other obligation, term or condition of this Agreement or any other agreement between Debtor and Secured Party or default under any further agreement providing security for the performance by Debtor of its obligations hereunder provided such default has continued for more than twenty (20) days, except as provided in (c) and (d) hereinbelow, or, without limiting the generality of subparagraph (1) hereinbelow, default under any lease or any mortgage or other instrument contemplating the provision of financial accommodation applicable to the real property where an Item of Equipment is located; (c) any writ or order of attachment or execution or other legal process being levied on or charged against any Item of Equipment and not being released or satisfied within ten (10) days; (d) Debtor's failure to comply with its obligations under Paragraph 14 above or any transfer by Debtor in violation of Paragraph 21 below; (e) a non-appealable judgment for the payment of money in excess of $100,000 being rendered by a court of record against Debtor which Debtor does not discharge or make provision for discharge in accordance with the terms thereof within ninety (90) days from the date of entry thereof; (f) death or judicial declaration of incompetency of Debtor, if an individual; (g) the filing by Debtor of a petition under the Bankruptcy Code or any amendment thereto or under any other insolvency law or law providing for the relief of debtors, including, without limitation, a petition for reorganization, arrangement or extension, or the commission by Debtor of an act of bankruptcy; (h) the filing against Debtor of any such petition not dismissed or permanently stayed within thirty (30) days, of the filing thereof; (i) the voluntary or involuntary making of an assignment of substantial portion of its assets by Debtor for the benefit of creditors, appointment of a receiver or trustee for Debtor or for any of Debtor's assets, institution by or against Debtor or any other type of insolvency proceeding (under the Bankruptcy Act or otherwise) or of any formal or informal proceeding for dissolution, liquidation, settlement of claims against or winding up of the affairs of Debtor, Debtor's cessation of business activities or the making by Debtor of a transfer of all or a material portion of Debtor's assets or inventory not in the ordinary 6 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 6 OF 6 course of business; (j) the occurrence of any event described in parts (e), (f), (g), (h) or (i) hereinabove with respect to any guarantor or other party liable for payment or performance of this Agreement; (k) any certificate, statement, representation, warranty or audit heretofore or hereafter furnished with respect hereto by or on behalf of Debtor or any guarantor or other party liable for payment or performance of this Agreement proving to have been false in any material respect at the time as of which the facts therein set forth were stated or certified or having omitted any substantial contingent or unliquidated liability or claim against Debtor or any such guarantor or other party; (l) breach by Debtor of any lease or other agreement providing financial accommodation under which Debtor or its property is bound; or (m) a transfer of effective control of Debtor, if an organization. 18. REMEDIES. Upon the occurrence of an event of default, Secured Party will have the rights, options, duties and remedies of a secured party, and Debtor will have the rights and duties of a debtor, under the Uniform Commercial Code (regardless of whether such Code or a law similar thereto has been enacted in a jurisdiction wherein the rights or remedies are asserted) and, without limiting the foregoing, Secured Party may exercise any one or more of the following remedies: (a) declare the Casualty Value or such lesser amount as may be set by law immediately due and payable with respect to any or all Items of Equipment without notice or demand to Debtor; (b) sue from time to time for and recover all installment payments and other payments then accrued and which accrue during the pendency of such action with respect to any or all Items of Equipment; (c) take possession of and, if deemed appropriate, render unusable any or all Items of Equipment, without demand or notice, wherever same may be located, without any court order or other process of law and without liability for any damages occasioned by such taking of possession and remove, keep and store the same or use and operate or lease the same until sold; (d) require Debtor to assemble any or all Items of Equipment at the Equipment Location therefor, or at such location to which such Equipment may have been moved with the written consent of Secured Party or such other location in reasonable proximity to either of the foregoing as Secured Party designates; (e) upon ten (10) days notice to Debtor or such other notice as may be required by law, sell or otherwise dispose of any Item of Equipment, whether or not in Secured Party's possession, in a commercially reasonable manner at public or private sale at any place deemed appropriate and apply the new proceeds of such sale, after deducting all costs of such sale, including, but not limited to, costs of transportation, repossession, storage, refurbishing, advertising and brokers' fees, to the obligations of Debtor to Secured Party hereunder or otherwise, with Debtor remaining liable for any deficiency and with any excess being returned to Debtor; (f) upon thirty (30) days notice to Debtor, retain any repossessed or assembled Items of Equipment as Secured Party's own property in full satisfaction of Debtors liability for the installment payments due hereunder with respect thereto, provided that Debtor will have the right to redeem such Items by payment in full of its obligations to Secured Party hereunder or otherwise or to require Secured Party to sell or otherwise dispose of such Items in the manner set forth in subparagraph (e) hereinabove upon notice to Secured Party within such thirty (30) day period; or (g) utilize any other remedy available to Secured Party under the Uniform Commercial Code or similar provision of law or otherwise at law or in equity. No right or remedy conferred herein is exclusive of any other right or remedy conferred herein or by law; but all such remedies are cumulative of every other right or remedy conferred hereunder 7 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 7 OF 7 or at law or in equity, by statute or otherwise, and may be exercised concurrently or separately from time to time. Any sale contemplated by subparagraph (e) of this Paragraph 18 may be adjourned from time to time by announcement at the time and place appointed for such sale, or for any such adjourned sale, without further published notice, Secured Party may bid and become the purchaser at any such sale. Any sale of an Item of Equipment, whether under said subparagraph or by virtue of judicial proceedings, will operate to divest all right, title, interest, claim and demand whatsoever; either at law or in equity, of Debtor in and to said item and will be a perpetual bar to any claim against such Item, both at law and in equity, against Debtor and all persons claiming by, through or under Debtor. 19. DISCONTINUANCE OF REMEDIES. If Secured Party proceeds to enforce any right under this Agreement and such proceedings are discontinued or abandoned for any reason or are determined adversely, then and in every such case Debtor and Secured Party will be restored to their former positions and rights hereunder. 20. SECURED PARTY'S EXPENSES. Debtor will pay Secured Party all costs and expenses, including attorney's fees and court costs and sales costs not offset against sales proceeds under Paragraph 18 above, incurred by Secured Party in exercising any of its rights or remedies hereunder or enforcing any of the terms, conditions or provisions hereof. This obligation includes the payment or reimbursement of all such amounts whether an action is ultimately filed and whether an action is ultimately dismissed. 21. ASSIGNMENT. Without the prior written consent of Secured Party, Debtor will not sell, lease, pledge or hypothecate, except as provided in this Agreement, any Item of Equipment or any interest therein or assign, transfer, pledge, or hypothecate this Agreement or any interest in this Agreement or permit the Equipment to be subject to any lien, charge or encumbrance of any nature except the security interest of Secured Party contemplated hereby. Debtor's interest herein is not assignable and will not be assigned or transferred by operation of law. Consent to any of the foregoing prohibited acts applies only in the given instance and is not a consent to any subsequent like act by Debtor or any other person. All rights of Secured Party hereunder may be assigned, pledged, mortgaged, transferred or otherwise disposed of, either in whole or in part, without notice to Debtor but always, however, subject to the rights of Debtor under this Agreement. If Debtor is given notice of any such assignment, Debtor will acknowledge receipt thereof in writing. In the event Secured Party assigns this Agreement or the installment payments due or to become due hereunder or any other interest herein, whether as security for any of its indebtedness or otherwise, no breach or default by Secured Party hereunder or pursuant to any other agreement between Secured Party and Debtor, should there be one, will excuse performance by Debtor of any provision hereof, it being understood that in the event of such default or breach by Secured Party that Debtor will pursue any rights on account thereof solely against Secured Party. No such assignee, unless such assignee agrees in writing, will be obligated to perform any duty, covenant or condition required to be performed by Secured Party in connection with this Agreement. Subject always to the foregoing, this Agreement inures to the benefit of, and is binding upon, the heirs, legatees, personal representative, successors and assigns of the parties hereto. 8 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 8 OF 8 22. MARKINGS; PERSONAL PROPERTY. If Secured Party supplies Debtor with labels, plates, decals or other markings stating that Secured Party has an interest in the Equipment, Debtor will affix and keep the same prominently displayed on the Equipment or will otherwise mark the Equipment or its then location or locations, as appropriate, at Secured Party's request to indicate Secured Parry's security interest in the Equipment. The Equipment is, and at all times will remain, personal property notwithstanding that the Equipment or any Item thereof may now be, or hereafter become, in any manner affixed or attached to, or embedded in, or permanently resting upon real property or any improvement thereof or attached in any manner to what is permanent as by means of cement, plaster, nails, bolts, screws or otherwise. If requested by Secured Party, Debtor will obtain and deliver to Secured Party waivers of interest or liens in recordable form satisfactory to Secured Party from all persons claiming any interest in the real property on which an Item of Equipment is or is to be installed or located. 23. LATE CHARGES. Time is of the essence in this Agreement and if any Installment Payment is not paid within ten (10) days after the due date thereof, Secured Party shall have the right to add and collect, and Debtor agrees to pay: a late charge on and in addition to, such Installment Payment equal to five percent (5%) of such Installment Payment or a lesser amount if established by any state or federal statute applicable thereto, and (b) interest on such Installment Payment from thirty (30) days after the due date until paid at the highest contract rate enforceable against Debtor under applicable law but never to exceed eighteen percent (18%) per annum. 24. NON-WAIVER. No covenant or condition of this Agreement can be waived except by the written consent of Secured Party. Forbearance or indulgence by Secured Party in regard to any breach hereunder will not constitute a waiver of the related covenant or condition to be performed by Debtor. 25. ADDITIONAL DOCUMENTS. In connection with and in order to perfect and evidence the security interest in the Equipment granted Secured Party hereunder Debtor will execute and deliver to Secured Party such financing statements and similar documents as Secured Party requests. Debtor authorizes Secured Party where permitted by law to make filings of such financing statements without Debtor's signature. Debtor further will furnish Secured Party (a) on a timely basis, Debtor's future financial statements, including Debtor's most recent annual report, balance sheet and income statement, prepared in accordance with generally accepted accounting principles, which reports, Debtor warrants, shall fully and fairly represent the true financial condition of Debtor (b) any other information normally provided by Debtor to the public and (c) such other financial data or information relative to this Agreement and the Equipment, including, without limitation, copies of vendor proposals and purchase orders and agreements, listings of serial numbers or other identification data and confirmations of such information, as Secured Party may from time to time reasonably request. Debtor will procure and/or execute, have executed, acknowledge, have acknowledged, deliver to Secured Party, record and file such other documents and showings as Secured Party deems necessary or desirable to protect its interest in and rights under this Agreement and interest in the Equipment. Debtor will pay as directed by Secured Party or reimburse Secured Party for all filing, search, title report, legal and other fees incurred by Secured Party in connection with any documents to 9 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 9 OF 9 be provided by Debtor pursuant to this Paragraph or Paragraph 22 and any further similar documents Secured Party may procure. 26. DEBTOR'S WARRANTIES. Debtor certifies and warrants that the financial data and other information which Debtor has submitted, or will submit, to Secured Party in connection with this Agreement is, or will be at time of delivery, as appropriate, a true and complete statement of the matters therein contained. Debtor further certifies and warrants: (a) this Agreement has been duly authorized by Debtor and when executed and delivered by the person signing on behalf of Debtor below will constitute the legal, valid and binding obligation, contract and agreement of Debtor enforceable against Debtor in accordance with its respective terms; (b) this Agreement and each and every showing provided by or on behalf of Debtor in connection herewith may be relied upon by Secured Party in accordance with the terms thereof notwithstanding the failure of Debtor or other applicable party to ensure proper attestation thereto, whether by absence of a seal or acknowledgment or otherwise; (c) Debtor has the right, power and authority to grant a security interest in the Equipment to Secured Party for the uses and purposes herein set forth and (d) each Item of Equipment will, at the time such Item becomes subject hereto, be in good repair, condition and working order. 27. ENTIRE AGREEMENT. This instrument with exhibits and related documentation constitutes the entire agreement between Secured Party and Debtor and will not be amended, altered or changed except by a written agreement signed by the parties. 28. NOTICES. Notices under this Agreement must be in writing and must be mailed by United States mail, certified mail with return receipt requested, duly addressed, with postage prepaid, to the party involved at its respective address set forth at the foot hereof or at such other address as each party may provide on notice to the other from time to time. Notices will be effective when deposited. Each party will promptly notify the other of any change in that party's address. 29. GENDER, NUMBER; JOINT AND SEVERAL LIABILITY. Whenever the context of this Agreement requires, the neuter gender includes the feminine or masculine and the singular number includes the plural; and whenever the words "Secured Party" are used herein, they include all assignees of Secured Party, it being understood that specific reference to "assignee" in Paragraph 14 above is for further emphasis. If there is more than one Debtor named in this Agreement, the liability of each will be joint and several. 30. TITLES. The titles to the paragraphs of this Agreement are solely for the convenience of the parties and are not an aid in the interpretation of the instrument. 31. GOVERNING LAW; VENUE. This Agreement will be governed by and construed in accordance with the laws of the State of California. Venue for any action related to the Agreement will be in an appropriate court in San Mateo County, California, to which Debtor consents, or in another court selected by Secured Party which has jurisdiction over the parties. In the event any provision hereof is declared invalid, such provision will be deemed severable from the remaining provisions of this Agreement, which will remain in full force and effect. 10 IRORI INCORPORATED EQUIPMENT FINANCING AGREEMENT 10787 PAGE 10 OF 10 32. TIME. Time is of the essence of this Agreement and for each and all of its provisions. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of 10/27, 1995. IRORI INCORPORATED 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 By: /s/ Michael P. Nova -------------------------------- Title: President ----------------------------- SECURED PARTY: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 By: /s/ Barbara B. Kaiser -------------------------------- Title: EVP/General Manager ----------------------------- 11 FIRST ADDENDUM TO EQUIPMENT FINANCING AGREEMENT NUMBER 10786 BY AND BETWEEN IRORI INCORPORATED, ("DEBTOR") AND LEASE MANAGEMENT SERVICES, INC., ("SECURED PARTY") The printed form of Equipment Financing Agreement #10787 between the parties date 10/27, 1995 is amended as follows: FIRST: In Section 8 line 7, after the word "hours," insert the words "upon prior notice,". SECOND: In Section 14, line 3, after the word "as" insert the word "additional". THIRD: In Section 14, line 4, after the word "companies" insert the word "reasonably". FOURTH: In Section 15, line 2, after the word "due" insert the word "to any third party". FIFTH: In Section 16, line 6, after the word "the" delete the word "manufacture,". SIXTH: In Section 25, line 8, after the word "the" delete the word "true". SEVENTH: In Section 25, line 9, after the word "condition" insert the phrase "prepared in accordance with generally accepted accounting principles". EIGHTH: Section 25, line 15, delete the words "and showings". NINTH: Section 26, line 3 after the word "a" delete the words "true and complete.". TENTH: Section 26, line 4, after the word "contained" insert the phrase "prepared in accordance with generally accepted accounting principles.". IN WITNESS WHEREOF the undersigned have executed this First Addendum the 27 day of October, 1995. DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser ---------------------------------- ------------------------------------ Name: Michael P. Nova Name: Barbara B. Kaiser -------------------------------- ---------------------------------- Title: President Title: EVP/General Manager ------------------------------- --------------------------------- 12 LEASE MANAGEMENT SERVICES, INC. SECURITY DEPOSIT PLEDGE AGREEMENT PLEDGEE: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Memo Park, California 94025 PLEDGOR: IRORI INCORPORATED 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 In consideration of, and as an inducement for Pledgee to enter unto Equipment Financing Agreement Number 10787 and all Schedules thereunder (hereinafter collectively referred to as the "Agreements") with Pledgor, and to secure the payment and performance of all Pledgor's obligations under the Agreements, Pledgor hereby grants and assigns to Pledgee, its successors and assigns, a security interest in, and hereby deposits and pledges with Pledgee a Security Deposit in an amount equivalent to 25% of aggregate Equipment cost (including any soft costs) and 30% for Leasehold Improvements leased or financed for each Schedule. As used herein, "Security Deposit" shall refer to the aggregate of all component deposits made under the applicable Schedules. Such pledge is to be upon the terms and conditions set forth below: 1. Pledgor delivers the Security Deposit to Pledgee to secure the due and punctual payment and performance of the obligations of Pledgor under the Agreements. Pledgee will pay 5.5% simple interest per annum on the Security Deposit, which interest will be accrued for each respective component of the Security Deposit from the commencement date of the applicable Schedule and paid when the Security Deposit is returned to Pledgor. 2. Upon any uncured default by Pledgor under the Agreements, interest accrual on the Collateral Pledge shall cease and Pledgee may, at its option, apply the Collateral Pledge and any interest accrued to that date toward the satisfaction of Pledgor's obligations under the Agreements, and the payment of all costs and expenses incurred by Pledgee as a result of such default, including reasonable attorney's fees. Pledgee is liable to Pledgor only for any surplus remaining from said Collateral Pledge after the full satisfaction of the foregoing obligations, costs and expenses. 3. Pledgor waives any rights to require Pledgee to (i) proceed against Pledgor or any other party; (ii) proceed against or exhaust any security held from Pledgor; or (iii) pursue any other remedy in Pledgee's power whatsoever before enforcing the provisions of, and proceeding under the provisions of, this Security Deposit Pledge Agreement. The obligations of Pledgor under this Security Deposit Pledge Agreement shall be absolute and unconditional, and shall remain in full force and effect without regard to, and shall not be released or discharged or in any way affected by (a) any amendment or modification of or supplement to the Agreements; (b) any exercise or non-exercise of 13 SECURITY DEPOSIT PLEDGE AGREEMENT IRORI INCORPORATED PAGE 2 OF 2 any right, remedy or privilege under or in respect to this Security Deposit Pledge Agreement, the Agreements, or any other instrument provided for in the Agreements, or any waiver, consent, explanation, indulgence or actions or inaction with respect to any such instrument; or (c) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or similar proceedings of Pledgor. 4. Pledgee shall have no obligation to segregate said Security Deposit and Pledgor hereby irrevocably authorizes Pledgee, at Pledgee's sole election, to commingle said Security Deposit with other assets and funds held by or belonging to Pledgee. Pledgor may not assign, pledge or transfer to any party its interest in the Security Deposit and any attempt to do so shall be null and void. 5. Without notice to Pledgor, Pledgee may freely assign its rights and obligations hereunder, only in connection with the assignment of the rights and obligations of this related Equipment Financing Agreement, in whole or in part, at any time and this Security Deposit Pledge Agreement shall inure to the successors and assignees of Pledgee. In the event Pledgee assigns or transfers this Security Deposit Pledge Agreement along with the Schedules under the Agreements, Pledgor agrees that it shall look solely to the assignee of Pledgee for the return of said Security Deposit and Pledgee shall have no further liability to Pledgor with respect thereto. 6. Provided that the Pledgor is not then in default of its obligations to the Pledgee under the Agreements or otherwise, Pledgee agrees to reduce the Security Deposit to 15% for Equipment and 25% for Leasehold Improvements financed, and make appropriate refunds, with Pledgor's receipt of additional equity, license fees or other non-refundable cash such that Pledgor's unrestricted cash balance is at least $6,000,000 or the equivalent of 12 months' cash needs, whichever is greater. ["12 months' cash needs" is defined as net cash use for the quarter just completed, multiplied by a factor of 4.] 7. Any remaining Security Deposit and accrued interest will be returned to Pledgor with Pledgor's achievement of the earlier of A) thru D) below: A) At such time after 6/30/97 that Pledgor's unrestricted cash, less debt, is at least $5,000,000 or the equivalent of 12 months' cash needs, whichever is greater. OR, B) In the event of an acquisition, if a creditworthy acquiror executes an assignment or guarantee acceptable to Pledgee; OR, C) Completion of Pledgor's Initial Public Offering with net proceeds of at least $15,000,000; OR, D) At such time as Pledgor enters into a subsequent equipment financing line with Pledgee and executes a Negative Covenant Pledge Agreement covering all obligations to Pledgee. 14 SECURITY DEPOSIT PLEDGE AGREEMENT IRORI INCORPORATED PAGE 3 OF 3 All accounting terms used herein shall be interpreted in accordance with generally accepted accounting principles. 8. Any reduction/return of the Security Deposit and any payment of interest prior to the Termination of the Agreements (as defined below) is contingent upon the following additional conditions: (a) verification of all benchmarks to be acceptable to Pledgee; (b) Pledgor has made all payments on a timely basis according to the terms of the Agreements; (c) Pledgor is not, nor ever has been in default of any financial obligation; (d) Pledgor, if privately held, has provided monthly financial statements to Pledgee within 45 days of each month-end or if Pledgor is publicly held, has provided quarterly statements as required to be filed by the Securities and Exchange Commission (the "SEC"); (e) Pledgor, if privately held, has provided annual audited financial statements to Pledgee within 90 days of Pledgor's fiscal year end or if Pledgor is publicly held, has provided Pledgee with annual statements as required to be filed by the SEC; and (f) Pledgor has not suffered any material adverse change. The Termination of the Agreements shall be defined as the satisfaction of all Pledgor's obligations under the Agreements. 9. If the Security Deposit has not previously been returned, upon the Termination of the Agreements, Pledgee shall deliver the Security Deposit and accrued interest (less any portion of same cashed, sold, assigned or delivered pursuant to, and under the circumstances specified in, Paragraph 2 hereof) to Pledgor, and this Security Deposit Pledge Agreement shall thereupon be without further effect. PLEDGOR: PLEDGEE: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser ---------------------------------- ------------------------------------ Title: President Title: EVP/General Manager ------------------------------- --------------------------------- Date: 10/27/95 Date: 10/27/95 -------------------------------- ---------------------------------- 15 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 01 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $47,191.91 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $1,297.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on October 1, 1995, followed by a payment of $7,079.00 on April 1, 1999. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 10/27/95 ------------------------------- DEBTOR SECURED PARTY IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser ----------------------------------- ----------------------------------- Barbara B. Kaiser Title: President Title: EVP/General Manager -------------------------------- -------------------------------- 16 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 - ------------------------------------ Irori Incorporated CREDIT MEMO # 10787-01 11025 North Torrey Pines Road, #100 DATE 11-Oct-95 La Jolla, CA 92037 - ------------------------------------
QUANTITY DESCRIPTION PRICE AMOUNT - -------- ----------- ----------- --------- RE: EQUIPMENT FINANCING AGREEMENT 10787-01 First Month's Rent: $ 1,297.00 Security Deposit: $11,798.00 Non-Financeable Items: Freight/Install/Labor $ 893.00 Sales Tax $ 2,364.42 Softcost/Disposables $ 4,374.52 Reimbursement for payment made to Gensia, Inc. - LMSI Ck. No. 024868 dated 10-10-95. $18,000.00 PLUS: Vendor Prepayments $(41,350.80) Prorata Commitment Fee $(208.00) ------------ TOTAL $(2,831.86) $(2,831.86)
If you have any questions concerning this credit, CHECK PAYABLE TO: call: (415) 854-9450. Irori Incorporated THANK YOU FOR YOUR BUSINESS! 17 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 01 to the Equipment Financing Agreement Number 10787, totaling $47,191.91 against equipment purchases, as follows: $47,191.91 Proceeds from Equipment Financing Agreement Number 10787-01. LESS: $1,297.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due October 1, 1995. $11,798.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. $13,406.55 Due to pay vendors as more fully described on the Exhibit A-2 attached hereto and made a part hereof. $66.50 Due to State Board of Equalization for sales tax adjustment on BioMedic Data Systems, Inc., Invoice No. 9521848. $18,000.00 Due to LEASE MANAGEMENT SERVICES, INC. for reimbursement for Promissory Note Number IRO951 dated 10-10-95. PLUS: $208.00 Credit for Commitment fee refund. $2,831.86 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ---------------------------------- Title: President ------------------------------- Date: 10/27/95 -------------------------------- 18 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 01 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $47,191.91 Debtor: /s/ MPN (Initials) ------------ Secured Party: /s/ BBK (Initials) ----------- 19 IRORI INCORPORATED EXHIBIT A-2 10787-01
FREIGHT EQ SALES SALES TAX VENDOR INSTALL TOTAL VENDOR INVOICE DATE COST TAX RATE TO VENDOR REBATE LABOR INVOICE ------ -------- -------- -------- -------- --------- ------ ------- -------- Fisher Scientific ###-###-#### 08/15/95 1,776.75 7.00% 124.37 0.00 0.00 1,901.12 Fisher Scientific ###-###-#### 08/25/95 5,650.00 7.00% 395.50 0.00 0.00 6,045.50 Creative Integration, Inc. 3667 08/25/95 2,299.00 7.00% 160.93 (75.00) 240.00 2,624.93 BioMedic Data Systems Inc. 9521848 09/06/95 950.00 0.00% 0.00 0.00 0.00 950.00 VWR Scientific 35006540 08/24/95 1,745.33 7.00% 131.67 0.00 8.00 1,885.00 $13,406.55
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) ------------ ------------ 20 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 01 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached, Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova -------------------------------- Title: President ----------------------------- Date: 10/27/95 ------------------------------ 21
This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12-8-95 - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 N. TORREY PINES ROAD, Suite 100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO., OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO., OR MAILING ADDRESS BANK TRANSIT AND A.B.A. NO. CITY STATE ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 6A. [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below.. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 01 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 10/27 1995 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT, CEO ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER EVP/GM ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
22 This FINANCING STATEMENT is presented for filing and will remain effective with certain exceptions for a period of five years from the date of filing pursuant to section 9403 of the California Uniform Commercial Code. - ----------------------------------------------------------------------------------------------------------------------------------- 1. DEBTOR (LAST NAME FIRST) 1A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 1B. MAILING ADDRESS 1C. CITY, STATE 1D. ZIP CODE 11025 N. TORREY PINES ROAD, Suite 100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 2. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 2A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 3. DEBTOR'S TRADE NAMES OR STYLES (IF ANY) 3A. FEDERAL TAX NUMBER - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO., OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO., OR MAILING ADDRESS BANK TRANSIT AND A.B.A. NO. CITY STATE ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 6. THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES OR ITEMS OF PROPERTY (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4). THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL ESTATE TRANSACTION. PROPERTY LOCATION, RECORD OWNER OF PROPERTY, LEGAL PROPERTY DESCRIPTION AND FINANCING STATEMENT ARE MORE FULLY DESCRIBED ON THE ONE PAGE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF. - ----------------------------------------------------------------------------------------------------------------------------------- 7. CHECK [X] 7A. [ ] PRODUCTS OF COLLATERAL 7B. DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE WITH INSTRUCTION 5(a) ITEM: IF APPLICABLE ARE ALSO COVERED [ ](1) [ ](2) [ ](3) [ ](4) - ----------------------------------------------------------------------------------------------------------------------------------- 8. CHECK [X] [ ] DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC Section 9105(1)(n) IF APPLICABLE - ----------------------------------------------------------------------------------------------------------------------------------- 9. C 10. THIS SPACE FOR USE OF FILING OFFICER O (DATE, TIME, FILE NUMBER AND FILING OFFICE) D Date: E /s/ MICHAEL P. NOVA 10/27/95 1 SIGNATURE(S) OF DEBTOR(S) - ----------------------------------------------------------------------------- 2 IRORI INCORPORATED 3 TYPE OR PRINT NAME(S) OF DEBTOR(S) - ----------------------------------------------------------------------------- 4 /s/ BARBARA B. KAISER SIGNATURE(S) OF SECURED PARTY(IES) 5 - ----------------------------------------------------------------------------- 6 LEASE MANAGEMENT SERVICES, INC. 7 TYPE OR PRINT NAME(S) OF SECURED PARTY(IES) ============================================================================= 8 RETURN COPY TO 9 ADDRESS LEASE MANAGEMENT SERVICES, INC. CITY 2500 SAND HILL ROAD, SUITE 101 STATE MENLO PARK, CA 94025 ZIP CODE - ----------------------------------------------------------------------------- FORM UCC.1-- Approved by the Secretary of State - -----------------------------------------------------------------------------------------------------------------------------------
23 EXHIBIT A THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL ESTATE TRANSACTION: PROPERTY LOCATION: 11025 N. TORREY PINES ROAD, SUITE 100 LA JOLLA, CA 92037 RECORD OWNER OF PROPERTY: EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES 11025 N. TORREY PINES ROAD, SUITE 200 LA JOLLA, CA 92037 LEGAL DESCRIPTION OF PROPERTY: PARCELS 1 AND 2 OF PARCEL MAP NO. 10901, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO JANUARY 21, 1981, BEING A DIVISION OF LOT 11 OF TORREYPINES SCIENCE PARK NO. 2, IN THE CITY OF SAN DIEGO, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA ACCORDING TO THE MAP 8434, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, DECEMBER 10, 1976. THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES (OR ITEMS) OF PROPERTY: FIXTURE FILING TO COVER ALL EQUIPMENT AND OTHER PERSONAL PROPERTY (THE "EQUIPMENT"), NOW OWNED AND HEREAFTER ACQUIRED AND FINANCED UNDER EQUIPMENT FINANCING AGREEMENT NUMBER 10787 AND ALL SCHEDULES THEREUNDER, BETWEEN LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY OR LESSOR AND IRORI INCORPORATED, AS DEBTOR, INCLUDING, BUT NOT LIMITED TO, LABORATORY EQUIPMENT, LABORATORY FURNITURE, COMPUTER EQUIPMENT, OFFICE EQUIPMENT, OFFICE FURNITURE AND LEASEHOLD IMPROVEMENTS TOGETHER WITH ALL ACCESSORIES, PARTS, UPGRADES, RENEWALS AND REPLACEMENTS OF, AND REPAIRS, IMPROVEMENTS AND ACCESSIONS TO THE EQUIPMENT AND ANY INSURANCE PROCEEDS OR REVENUE DERIVED FROM THE SALE OR OTHER DISPOSITION OF THE EQUIPMENT. 24 This FINANCING STATEMENT is presented for filing and will remain effective with certain exceptions for a period of five years from the date of filing pursuant to section 9403 of the California LOAN Uniform Commercial Code. - ---------------------------------------------------------------------------------------------------------------------------------- 1. DEBTOR (LAST NAME FIRST - IF AN INDIVIDUAL) 1A. SOCIAL SECURITY OR FEDERAL TAX NO. IRORI INCORPORATED - ---------------------------------------------------------------------------------------------------------------------------------- 1B. MAILING ADDRESS 1C. CITY, STATE 1D. ZIP CODE 11025 N. TORREY PINES ROAD, SUITE 100 LA JOLLA, CA 92037 - ---------------------------------------------------------------------------------------------------------------------------------- 2. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 2A. SOCIAL SECURITY OR FEDERAL TAX NO. - ---------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE - ---------------------------------------------------------------------------------------------------------------------------------- 3. DEBTOR'S TRADE NAMES OR STYLES (IF ANY) 3A. FEDERAL TAX NUMBER ================================================================================================================================== 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO., OR NAME LEASE MANAGEMENT SERVICES, INC. BANK TRANSIT AND A.B.A. NO. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 - ---------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., FEDERAL TAX NO. OR NAME BANK TRANSIT AND A.B.A. NO. MAILING ADDRESS CITY STATE ZIP CODE - ---------------------------------------------------------------------------------------------------------------------------------- 6. This FINANCING STATEMENT covers the following types or items of property (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4). FINANCING STATEMENT AS MORE FULLY DESCRIBED ON THE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF. - ---------------------------------------------------------------------------------------------------------------------------------- 7. CHECK [X] 7A. PRODUCTS OF COLLATERAL 7B. DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE WITH INSTRUCTION 5(a) ITEM: IF APPLICABLE [ ] ARE ALSO COVERED [ ] (1) [ ] (2) [ ] (3) [ ] (4) - ---------------------------------------------------------------------------------------------------------------------------------- 8. CHECK [X] [ ] DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC SECTION 9105(1)(n) IF APPLICABLE - ---------------------------------------------------------------------------------------------------------------------------------- 9. DATE: C 10. THIS SPACE FOR USE OF FILING O OFFICER (DATE, TIME, FILE /s/ Michael P. Nova 10/27/95 D NUMBER AND FILING OFFICE) SIGNATURE(S) OF DEBTOR(S) E - ---------------------------------------------------------------------------------------------- 1 IRORI INCORPORATED TYPE OR PRINT NAME(S) OF DEBTOR(S) 2 - ---------------------------------------------------------------------------------------- /s/ BARBARA B. KAISER 3 SIGNATURE(S) OF SECURED PARTY(IES) - ---------------------------------------------------------------------------------------- 4 LEASE MANAGEMENT SERVICES, INC. TYPE OR PRINT NAME(S) OF SECURED PARTY(IES) ======================================================================================== Return Copy to 5 NAME 6 ADDRESS P6-0000-141-6 7 CITY LEASE MANAGEMENT SERVICES, INC. 8 STATE 2500 SAND HILL ROAD, SUITE 101 9 ZIP CODE MENLO PARK, CA 94025 0 ======================================================================================== FORM UCC.1 -- APPROVED BY THE SECTARY OF STATE ==================================================================================================================================
25 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-01
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- --------------------- ------------- -------- 1 22106 Gensia, Inc. 6 Chemical Fume Hood 8' 92060067 22104 Gensia, Inc. Chemical Fume Hood 8' 92060068 22102 Gensia, Inc. Chemical Fume Hood 8' 92050063 22100 Gensia, Inc. Chemical Fume Hood 8' 92050064 22098 Gensia, Inc. Chemical Fume Hood 8' 92060066 22097 Gensia, Inc. Chemical Fume Hood 8' 93070239 22105 Gensia, Inc. 6 48' Fume Hood Cabinet N/A 22103 Gensia, Inc. 48' Fume Hood Cabinet N/A 22101 Gensia, Inc. 48' Fume Hood Cabinet N/A 22099 Gensia, Inc. 48' Fume Hood Cabinet N/A 22096 Gensia, Inc. 48' Fume Hood Cabinet N/A 22095 Gensia, Inc. 48' Fume Hood Cabinet N/A 18,000.00 2 22135 Fisher Scientific 7577091 1 Balance 110/230 1879 1,031.25 3 22093 Fisher Scientific 7787450 1 Stir/Hot Plate 03033285 247.00 4 22092/ Fisher Scientific (22091) 7819795 1 RotVapor 24/40 10017814/10017727 3,108.00 5 22090 Fisher Scientific 7932314 1 Air Pump 115V AA617G 268.00 6 22138 Fisher Scientific 8490542 1 Air Pump 115V 192279 380.00 7 22117 Parallel Computing 0023812-IN 1 Apple Power Mac 6100 XB51307B41Y 2,500.00 22116 Parallel Computing 0023812-IN 1 NEC XE 15" Color Monitor 4903100HAK 600.00 22115 Parallel Computing 0023812-IN 1 Keyboard NN4306WY33G 80.00 22113 Parallel Computing 0023812-IN 1 Hewlett Packard Plus JPGL118331 1,980.00 8 22112 Parallel Computing 0023852-IN 1 8 MB Ram Module for HP4 312.00 22111 Parallel Computing 0023852-IN 1 20 MB SIMM Module for PB150 850.00 9 22114 Seal Furniture & Systems 17305 1 Executive "L" Unit Desk 605.95 of San Diego, Inc. 10 22119 Creative Integration, 003618 1 Packard Bell P/100 ###-###-#### 2,872.00 Incorporated 22110 Creative Integration, 003618 1 1 MB Video Upgrade 100.00 Incorporated 22120 Creative Integration, 003618 1 15" Viewsonic Monitor ###-###-#### 424.00 Incorporated 11 22126 Ficom Corporation 117892 4 KST3110 2 Line Phone 5ECTE006205 22125 Ficom Corporation 117892 4HAHE328466 22124 Ficom Corporation 117892 4FAHE323207 22123 Ficom Corporation 117892 4FAHE320506 376.00 12 22128 Office Depot, Inc. 0796732 1 4 Drawer Lateral File 902JW 399.99 13 22129 Office Depot, Inc. 011597656-001 1 4 Drawer Lateral File 925JV 399.99 14 22122 Office Depot, Inc. 0966063 1 4 Drawer Lateral File BZZ1B 379.99 15 22127 Office Depot, Inc. 6197938533 1 Kodak 35MM Projector A-615281 489.99 16 22136 Fisher Scientific ###-###-#### 1 Refrigerator 53677244 1,776.75 17 22118 Fisher Scientific ###-###-#### 1 Upright Freezer V09E214496VE 5,650.00 18 22121 Creative Integration, 3667 1 Power Mac 6100/56 XB5241X5PO 1,465.00 Incorporated Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 2 --------- ------------
26
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- --------------------- ------------- -------- 22109 Creative Integration, 3667 1 15" Multiscan Monitor CJ5219PQ39X 487.00 Incorporated 22108 Creative Integration, 3667 1 Connectix Ram doubler 60.00 Incorporated 22107 Creative Integration, 3667 1 Local Talk Connector Kit 34.00 Incorporated N/A Creative Integration, 3667 1 Vendor Credit (75.00) Incorporated 19 22139 BioMedic Data ###-###-#### 1 Implantable Programmable ###-###-#### 950.00 Systems Inc. Temperature 20 22094 VWR Scientific 35006540 1 Dataplate Hot Plate/Stir 4660 480.00 21 22137 VWR Scientific 35006540 1 PH Meter C0017339 960.00 22 GRAND TOTAL 47,191.91 Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2 --------- ------------
27 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 02 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $56,437.03 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $1,551.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on December 1, 1995, followed by a payment of $8,466.00 on June 1, 1999. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 11/30/95 ---------------- DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser --------------------------- ------------------------ Barbara B. Kaiser Title: President, CEO Title: EVP/General Manager ------------------------- --------------------- 28 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 02 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $56,437.03 Debtor: /s/ MPN (Initials) --------------------- Secured Party: /s/ BBK (Initials) --------------- 29 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-02
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- --------------------- ------------- -------- 1 33247 Ficom Corporation 119413 1 Vodavi 4896 System B0006229 4,856.00 1 33250 Ficom Corporation 119413 1 12 Port Digital Station 597.00 Board 1 33251 Ficom Corporation 119413 1 12 Port Single Line Station 688.00 Board 1 33248 Ficom Corporation 119413 1 Tri-output Power Supply B0007284 376.00 1 33249 Ficom Corporation 119413 1 Quad DTMF Receiver 194.00 1 33238 Ficom Corporation 119413 1 Executive Display/Speaker 41201415 259.00 Phone 1 33266 Ficom Corporation 119413 1 Executive Display/Speaker 41201372 259.00 Phone 1 33267 Ficom Corporation 119413 1 48 Button DSS Console 41200015 259.00 1 33246 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018288 206.52 1 33245 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018296 206.52 1 33253 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018713 206.52 1 33243 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500347 206.52 1 33244 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018708 206.52 1 33242 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500192 206.52 1 33241 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500188 206.52 1 33236 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018300 206.52 1 33268 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018282 206.52 1 33239 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500213 206.52 1 33237 Ficom Corporation 119413 1 Enhanced Speaker Telephones 40707926 206.52 1 33240 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500187 206.52 1 33265 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500290 206.47 2 33279 Chemglass 0017082-IN 1 5-Port R Vacuum Manifold N/A 304.45 3 33282 BioMedic Data Systems Inc. 9521826 1 Programmable Console System 51S-0104 4,795.00 3 33283 BioMedic Data Systems Inc. 9521826 1 Implantable Programmable 072595 950.00 Temperature Transponder 4 33269 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33270 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33271 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33272 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 5 33252 Cousins IRORC00057 1 Refrigerator SM800847 370.00 6 33276 Black Box Corporation 522148 1 PC-Reader DA015919542 565.00 6 33279 Black Box Corporation 522148 1 PC-Reader DA025919557 565.00 7 33261 Fisher Scientific ###-###-#### 1 Centrific Centrifuge 5N-50800322 798.92 120V 60HZ 7 33281 Fisher Scientific ###-###-#### 1 Horizontal Rotor 4PL50ML 330.00 7 33260 Fisher Scientific ###-###-#### 1 Orbital Shaker 115V 50/60HZ CA07952598 733.65 8 33274 Fisher Scientific ###-###-#### 1 Flammable Material Storage 53677274 2,142.00 Refrigerator 8 33273 Fisher Scientific ###-###-#### 1 Flammable Material Storage VH780666 1,994.00 Freezer 9 33275 Fisher Scientific ###-###-#### 1 Centrifuge Model 5415C 541B67414 1,585.00 115V 60MZ 10 33278 Avid Marketing, Inc. 17259 1 AVID Mini Tracker Multi 040408 450.00 Tag Reader Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 2 ------------ ---------------
30
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- --------------------- ------------- -------- 11 33254 VWR Scientific 37138480 1 Air Pump 115V 60HZ AC8102178 1,081.13 12 33255 VWR Scientific 34604370 2 5-Leg Chair w/Foot Ring 52875-1 290.00 13 33280 VWR Scientific 34582390 1 Mixer, Rotomix Model 48215T 552950795027 192.60 14 33256 VWR Scientific 34300760 1 Dry Block Heater 1073 140.80 15 33264 Forma Scientific ###-###-#### 1 Lab Incubator 2-Auto CO2 30781-8503 5,741.10 16 33262 The Baker Company 00076759 1 SG5, UV&Mag Hood 54734 6,413.50 17 33263 A.G. Heinze Incorporated 92437 1 TMS Body w/Trinocular 21024 3,443.35 17 33257 A.G. Heinze Incorporated 92437 1 Alphaphot 2 Binocular 176873 1,468.62 18 33258 A.G. Heinze Incorporated 92608 1 Objective Lense 176873 584.80 19 33259 E.I. Du Pont De Nemours A271011589 1 RT6000D Digital Centrifuge ###-###-#### 7,925.40 GRAND TOTAL $56,437.03 Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2 ------------ ---------------
31 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### November 21, 1995 Brenda Magill IRORI INCORPORATED 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 Dear Brenda: Enclosed are the documents for Equipment Financing Agreement Number 10787, Schedule Number 02. The Commencement date of this schedule is December 1, 1995. Please see that the documents are executed and returned. Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A, Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ K.C. Number: 10787-02 Label Number: 33236 to 33286 Kathy (Kasey) Christie Contract Administrator IRORI INCORPORATED By: /s/ Michael P. Nova -------------------------- Title: President, CEO ----------------------- Date: 11/29/95 ----------------------- Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 32 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 02 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached, Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above, DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------------- Title: President, CEO ------------------------------ Date: 11/27 ------------------------------ 33 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 02 to the Equipment Financing Agreement Number 10787, totaling $56,437.03 against equipment purchases, as follows: $56,437.03 Proceeds from Equipment Financing Agreement Number 10787-02. LESS: $ 1,551.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due December 1, 1995. $14,109.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. PLUS: $ 248.00 Credit for Commitment fee refund. $41,025.03 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------ Title: President, CEO --------------------------- Date: 11/27 --------------------------- 34 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-02
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- ---------------------------- ------------- -------- 1 33247 Ficom Corporation 119413 1 Vodavi 4896 System B0006229 4,856.00 1 33250 Ficom Corporation 119413 1 12 Port Digital Station 597.00 Board 1 33251 Ficom Corporation 119413 1 12 Port Single Line 688.00 Station Board 1 33248 Ficom Corporation 119413 1 Tri-output Power Supply B0007284 376.00 1 33249 Ficom Corporation 119413 1 Quad DTMF Receiver 194.00 1 33238 Ficom Corporation 119413 1 Executive Display/Speaker 41201415 259.00 Phone 1 33266 Ficom Corporation 119413 1 Executive Display/Speaker 41201372 259.00 Phone 1 33267 Ficom Corporation 119413 1 48 Button DSS Console 41200015 259.00 1 33246 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018288 206.52 1 33245 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018296 206.52 1 33253 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018713 206.52 1 33243 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500347 206.52 1 33244 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018708 206.52 1 33242 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500192 206.52 1 33241 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500188 206.52 1 33236 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018300 206.52 1 33268 Ficom Corporation 119413 1 Enhanced Speaker Telephones 41018282 206.52 1 33239 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500213 206.52 1 33237 Ficom Corporation 119413 1 Enhanced Speaker Telephones 40707926 206.52 1 33240 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500187 206.52 1 33265 Ficom Corporation 119413 1 Enhanced Speaker Telephones 50500290 206.47 2 33279 Chemglass 0017082-IN 1 5-Port R Vacuum Manifold N/A 304.45 3 33282 BioMedic Data Systems Inc. 9521826 1 Programmable Console System 51S-0104 4,795.00 3 33283 BioMedic Data Systems Inc. 9521826 1 Implantable Programmable 072595 950.00 Temperature Transponder 4 33269 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33270 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33271 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 4 33272 Genie Corp. 2087 1 Flammable Cabinets N/A 850.00 5 33252 Cousins IRORC00057 1 Refrigerator SM800847 370.00 6 33276 Black Box Corporation 522148 1 PC-Reader DA015919542 565.00 6 33279 Black Box Corporation 522148 1 PC-Reader DA025919557 565.00 7 33261 Fisher Scientific ###-###-#### 1 Centrific Centrifuge 5N-50800322 798.92 120V 60HZ 7 33281 Fisher Scientific ###-###-#### 1 Horizontal Rotor 4PL50ML 330.00 7 33260 Fisher Scientific ###-###-#### 1 Orbital Shaker 115V 50/60HZ CA07952598 733.65 8 33274 Fisher Scientific ###-###-#### 1 Flammable Material Storage 53677274 2,142.00 Refrigerator 8 33273 Fisher Scientific ###-###-#### 1 Flammable Material Storage VH780666 1,994.00 Freezer 9 33275 Fisher Scientific ###-###-#### 1 Centrifuge Model 5415C 541B67414 1,585.00 115V 60MZ 10 33278 Avid Marketing, Inc. 17259 1 AVID Mini Tracker Multi 040408 450.00 Tag Reader Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 1 ------------- -----------
35
LMSI ROW TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - --- ------ ------------------------- ------------- --- ---------------------------- ------------- ---------- 11 33254 VWR Scientific 37138480 1 Air Pump 115V 60HZ AC8102178 1,081.13 12 33255 VWR Scientific 34604370 2 5-Leg Chair w/Foot Ring 52875-1 290.00 13 33280 VWR Scientific 34582390 1 Mixer, Rotomix Model 48215T 552950795027 192.60 14 33256 VWR Scientific 34300760 1 Dry Block Heater 1073 140.80 15 33264 Forma Scientific, Inc. 2515960 1 Lab Incubator 2-Auto CO2 30781-8503 5,741.10 16 33262 The Baker Company 00076759 1 SG5, UV&Mag Hood 54734 6,413.50 17 33263 A.G. Heinze Incorporated 92437 1 TMS Body w/Trinocular 21024 3,443.35 17 33257 A.G. Heinze Incorporated 92437 1 Alphaphot 2 Binocular 176873 1,468.62 18 33258 A.G. Heinze Incorporated 92608 1 Objective Lense 176873 584.80 19 33259 E.I. Du Pont De Nemours A271011589 1 RT6000D Digital Centrifuge ###-###-#### 7,925.40 GRAND TOTAL $56,437.03 Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 2 of 2 ------------- -----------
36
10787-02 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12-8-95 Sacramento, CA - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, SUITE 100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND A.B.A. NO. CITY STATE ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 02 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 11/30/95 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT, CEO ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
37 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 02 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached, Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be assented as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------- Title: President, CEO ----------------------------- Date: 11/27 ----------------------------- 38 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 02, to the Equipment Financing Agreement Number 10787, totaling $56,437.03 against equipment purchases, as follows: $56,437.03 Proceeds from Equipment Financing Agreement Number 10787-02. LESS: $ 1,551.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due December 1, 1995. $14,109.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. PLUS: $ 248.00 Credit for Commitment fee refund. $41,025.03 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------- Title: President, CEO ----------------------------- Date: 11/27 ----------------------------- 39 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### November 21, 1995 Brenda Magill IRORI INCORPORATED 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 Dear Brenda: Enclosed are the documents for Equipment Financing Agreement Number 10787, Schedule Number 02. The Commencement date of this schedule is December 1, 1995. Please see that the documents are executed and returned. Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A, Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ K.C. Number: 10787-02 Label Number: 33236 to 33286 Kathy (Kasey) Christie IRORI INCORPORATED Contract Administrator By: /s/ Michael P. Nova ------------------------------ Title: President, CEO --------------------------- Date: 11/29/95 --------------------------- Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 40 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 03 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $105,426.86 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $2,880.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on January 1, 1996, followed by a payment of $15,814.00 on July 1, 1999. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 11/10/96 ------------------------------ DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ BARBARA B. KAISER ------------------------------- ------------------------------ Barbara B. Kaiser Title: CEO Title: EVP/General Manager ----------------------------- -------------------------- 41 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 03 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Memo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------- Title: CEO ----------------------------- Date: 1/10/96 ----------------------------- 42 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 03 to the Equipment Financing Agreement Number 10787, totaling $105,426.86 against equipment purchases, as follows: $105,426.86 Proceeds from Equipment Financing Agreement Number 10787-03. LESS: $ 2,880.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due January 1, 1996. $ 26,357.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. $ 42,000.00 Due to LEASE MANAGEMENT SERVICES, INC., for reimbursement on Interim Promissory Note Number IRONINC953. $ 170.80 Due to LEASE MANAGEMENT SERVICES, INC., for interest due on Interim Promissory Note Number IRONINC953. PLUS: $ 464.00 Credit for Commitment fee refund. $ 34,483.06 Credit due to IRORI INCORPORATED.
DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------- Title: CEO ----------------------------- Date: 1/10/96 ----------------------------- 43 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 03 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. COLLATERAL AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $105,426.86 Debtor: /s/ MPN (Initials) ------------- Secured Party: /s/ BBK (Initials) ----------- 44 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA. 94025 Irori Incorporated 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 CREDIT MEMO # 10787-03 DATE 09-Jan-96
QUANTITY DESCRIPTION PRICE AMOUNT - ----------------- ------------------------------------------------------------ -------------- ---------------------- RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-03 ----------------------------------------------------------- First Month's Rent: $2,880.00 Security Deposit: $26,357.00 Advance made on IP Note IROINC953 $42,000.00 Interest due on Note IROINC953 $170.80 Non-Financeable Items: Freight/Install/Labor $225.81 Sales Tax $2,748.25 Softcost/Disposables $306.78 PLUS: Vendor Prepayments ($108,707.70) Prorata Commitment Fee ($464.00) TOTAL ($34,483.06) ---------------------- If you have any questions concerning this credit, CHECK PAYABLE TO: ($34,483.06) call: (415) 854-9450. Irori Incorporated ----------------------
THANK YOU FOR YOUR BUSINESS! 45 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### January 9, 1996 Brenda Magill Irori Incorporated 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 Dear Brenda: Enclosed are the documents for Equipment Financing Agreement Number 10787 Schedule Number 03. The Commencement date of this schedule is January 1, 1996. Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A. Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ Wendy Ritz Number: 10787-03 Label Number:_________________ Wendy Ritz IRORI INCORPORATED Sr. Contract Administrator By: /s/ Michael P. Nova ----------------------------- Title: CEO -------------------------- Date: 1/10/96 -------------------------- Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 46 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-03
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ------------------------------------------------------------------------------------------------------------------------------------ 22249 VWR Scientific 36511410 1 Ice Flaker with bin 846822-01M 2,463.63 22258 VWR Scientific 37897740 1 Buchi Rotovapor 1002641 2,899.00 22255 RAG Electronics, Inc. 070611 1 Tektronix Probe Oscilloscope B020613 7,390.00 22256 RAG Electronics, Inc. 070611 1 Fluke 87 DMM 64310091 315.00 22257 RAG Electronics, Inc. 070611 1 Topward 6306D Power Supply 977215 879.00 22260 DepoTech Corporation 001 1 Receptionist Desk & Work Area N/A 3,500.00 22253 E.I. DuPont DeNemours & Co. A271141679 1 Ultra Centrifuge ###-###-#### 18,239.00 22254 Parsons Airgas 743705 1 Liquid Nitrogen Freezer System 566017L9 5,637.50 22250 McMaster-Carr ###-###-#### 1 Combination Vise N/A 298.45 22261 McMaster-Carr ###-###-#### 1 Work Bench 60" Wide x 30" Deep N/A 272.88 22262 McMaster-Carr ###-###-#### 1 Work Bench 48" Wide x 30" Deep N/A 233.41 22259 Curtin Matheson Scientific, Inc. 6868342 1 Drying Rack N/A 312.00 22251 PBA Technology 0000002254 1 Robot/Basic PBA Flexys system w/syringe pump pipette 10022 62,200.00 22252 PBA Technology 0000002280B 1 Parallel Card for Robot N/A 786.99 TOTAL 105,426.86
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) 1 of 1 --------- --------- 47 STATE OF CALIFORNIA UNIFORM COMMERCIAL CODE--FINANCING STATEMENT CHANGE--FORM UCC-2 IMPORTANT--READ INSTRUCTIONS ON BACK BEFORE COMPLETING FORM
10787-03 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12-8-95 - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, SUITE 100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND A.B.A. NO. CITY STATE ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 03 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 1/10 1996 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA 1/10/96 ----------------------------------------------------------------- 2 SIGNATURE(S) OF DEBTOR(S) (TITLE) 3 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 4 By: /s/ BARBARA B. KAISER EUP/GM 5 ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 6 - ----------------------------------------------------------------------------- 7 RETURN COPY TO 8 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 9 2500 SAND HILL ROAD, SUITE 101 MENLO PARK, CA 94025 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 Approved by the Secretary of State - -----------------------------------------------------------------------------------------------------------------------------------
48 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 04 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $138,474.53 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $4,161.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on January 1, 1995, followed by a payment of $1.00 on July 1, 1999. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 11/16/96 ----------------------------- DEBTOR SECURED PARTY IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ BARBARA B. KAISER -------------------------------- -------------------------------- Barbara B. Kaiser Title: 11/16/96 Title: EVP/General Manager ----------------------------- -------------------------------- 49 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 04, to the Equipment Financing Agreement Number 10787, totaling $$138,474.53 against equipment purchases, as follows: $138,474.53 Proceeds from Equipment Financing Agreement Number 10787-04. LESS: $4,161.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due January 1, 1995. $41,542.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. $54,442.00 Due to Weather Engineering to pay the balance due on Invoice 12462. PLUS: $609.00 Credit for Commitment fee refund. $38,938.53 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------- Title: CEO ------------------------------- Date: 11/16/96 ------------------------------- 50 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 04 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. LEASEHOLD, INCLUDING, BUT NOT LIMITED TO: GENERAL REQUIREMENTS, HVAC, PLUMBING, ELECTRICAL, ENGINEERING, DESIGN WORK, ETC. TOTAL PURCHASE PRICE $138,474.53 Debtor: s/ MPN (Initials) ------------------- Secured Party: /s/ BBK (Initials) ---------------- 51 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA. 94025 Irori Incorporated 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 CREDIT MEMO # 10787-04 DATE 12-Jan-96
QUANTITY DESCRIPTION PRICE AMOUNT - ----------------- ------------------------------------------------------------ -------------- ---------------------- RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-04 ----------------------------------------------------------- First Month's Rent: $4,161.00 Security Deposit: $41,542.00 Non-Financeable Items: Freight/Install/Labor $0.00 Sales Tax $0.00 Softcost/Disposables $0.00 PLUS: Vendor Prepayments ($84,032.53) Prorata Commitment Fee ($609.00) ----------- TOTAL ($38,938.53) ---------------------- If you have any questions concerning this credit, CHECK PAYABLE TO: call: (415) 854-9450. Irori Incorporated ($38,938.53) ----------------------
THANK YOU FOR YOUR BUSINESS! 52 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 04 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Memo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be assented as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------- Title: CEO ------------------------ Date: 1/6/96 ------------------------- 53 INTERIM PROMISSORY NOTE Interim Promissory Note Number IROINC953 Amount $42,000.00 For Value Received, the undersigned promises to pay, in lawful money of the United States of America, to Lease Management Services, Inc. the sum of Forty-Two Thousand & 00/100 on demand with interest at a rate equal to 14.64 % percent, commencing on the date of funding (the date Payee advanced the principle sum hereof.) Payment in full is due on or before January 31, 1996. The principal amount of this Note shall cease to be due and payable on the date the undersigned executes all necessary Lease/Equipment Financing Schedule documents ("Agreements"), and the principal portion of this Note shall be deemed paid in full, however, interest shall accrue until the Rental Commencement Date of the Agreements and is due and payable monthly. In the Event of commencement of suit to enforce payment of this Note, the undersigned agrees to pay such additional sums for attorney's fees and court costs as any court of competent jurisdiction may adjudge reasonable. Irori Incorporated agrees that the proceeds of this Note shall be paid to Irori Incorporated for reimbursement for equipment purchase made from PBA Technology. IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------- Michael P. Nova, M.D. Title: President and CEO ------------------------ Date: 12/21/95 ------------------------ 54 PBA Unit 3, Forge Close, ----INVOICE---- Little End Road, Eaten Socon., St. Neets, Cambs, PE19 3TP Telephone: 01480 474344 Facsimile 01480 471660 Reg No. 02315315 - ---------------------------------------------------- ---------------------------------------------- IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002280 11025 NORTH TORRWY PINES ROAD SUITE 100 Date: 13-Dec-95 LA JOLLA CA 92037, U.S.A. IRORI Due date: Order No: 1133 Current Balance 12169.50 - ------------------------------------------------------------------------------------------------------------------------- Qty Description Price each Total - ------------------------------------------------------------------------------------------------------------------------- 1 PIC PARALLEL CARD (DESPATCH NOTE 573) 787.00 787.00 1 POSTAGE VIA DHL 30.96 30.96 Equipment = 787 1.566 -------- US$ = 1,232.44 leaseline Postage = 30.96 1.566 -------- US$ = 48.48 -------- Deliver To: - ---------------------------------------------------- ---------------------------------------------- GOODS TOTAL 817.96 VAT TOTAL 0.00 INVOICE TOTAL - ---------------------------------------------------- ----------------------------------------------
55 Date: December 20, 1995 Pages: 5 To: Wendy Lease Management ###-###-#### From: Brenda Magill IRORI Subject: Robot purchase, promissory note Following are copies of the invoices for our purchase of the robot. We are awaiting confirmation of the exact US dollar amount due and will wire transfer the balance on Friday. Additionally, I have included a copy of our money market statement where we transferred the initial deposit for the robot. As you indicated we can not get all the paperwork done by December 31st, but can get a promissory note done to reimburse IRORI the balance. My estimate of the amount due is as follows: Robotics system in 40,506.03 Conversion factor 1.566 ---------- Price of robot in US $ $63,432.44 Advance rate for lease 75% ---------- Advance to IRORI $47,574,33 Less sales and use tax to be paid by Lease Management (4,440.27) ---------- Estimate of amount due to IRORI $43,134.06 ----------
I expect only a small difference between the estimate above and our final payment. If we set up the promissory note for $42,000, we will ensure not to borrow in excess of the amount ultimately to be paid. Please call with any questions. 56 PBA Unit 3, Forge Close, ----INVOICE---- Little End Road, Eaten Socon., St. Neets, Cambs, PE19 3TP Telephone: 01480 474344 Facsimile 01480 471660 Reg No. 02318315 ---------------------------------------------- VAT Regd. No. 68 ###-###-#### 55 - ---------------------------------------------------- ---------------------------------------------- IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002254 11025 NORTH TORRWY PINES ROAD SUITE 100 Date: 24 Nov 95 LA JOLLA CA 92037, U.S.A. IRORI Due date: Order No: 1133 Current Balance -28785.60 - ------------------------------------------------------------------------------------------------------------------------- Qty Description Price each Total - ------------------------------------------------------------------------------------------------------------------------- 1 Basic PBA Flexys 29054.91 29054.91 1 Syringe Pump 5747.13 5747.13 1 Pipette Head 4916.99 4916.99 1 (Despatch Note 549 & Airway Bill No A1547002 One Pic Parallel Card to follow Currency Rate of Exchange(pound)1.566 to $ Terms and Conditions 70% Paid 30% on Acceptance =39,719.03 1.566 --------- US$ = 62,200 lease line - ------------------------------------------------------------------------------------------------------------------------- Deliver To: - ---------------------------------------------------- ---------------------------------------------- GOODS TOTAL 39719.03 VAT TOTAL 0.00 INVOICE TOTAL 39719.03 - ---------------------------------------------------- -----------------------------------------------
57 ---------------------------------------------- PBA Unit 3, Forge Close, ----INVOICE---- Little End Road, Eaten Socon., St. Neets, Cambs, PE19 3TP Telephone: 01480 474344 Facsimile 01480 471660 Reg No. 02318315 ---------------------------------------------- VAT Regd. No. 68 ###-###-#### 55 - ---------------------------------------------------- ---------------------------------------------- IRORI QUANTUM MICROCHEMISTRY Invoice No: 0000002255 11025 NORTH TORRWY PINES ROAD SUITE 100 Date: 24 Nov 95 LA JOLLA CA 92037, U.S.A. IRORI Due date: Order No: 1133 ----------------------- ----------------- Current Balance 10933.43 - ------------------------------------------------------------------------------------------------------------------------- Qty Description Price each Total - ------------------------------------------------------------------------------------------------------------------------- 1 Packing, Freight and Insurance Charges 1243.57 1243.57 (Despatch Note S49 & Airway Bill No A1547002) Currency Rate of Exchange (pound)1.566 to $ Terms and Conditions $1,000 paid Balance on Acceptance. = 1243.57 1.566 --------- US $ = 1,947.43 - ------------------------------------------------------------------------------------------------------------------------- Deliver To: - ---------------------------------------------------- ---------------------------------------------- GOODS TOTAL 1243.57 VAT TOTAL 0.00 INVOICE TOTAL 1243.57 - ---------------------------------------------------- ----------------------------------------------
58 BANK OF AMERICA ========================================================================================================================== P.O. Box 3530 Rancho Cordova, CA ###-###-#### YOUR BANK OF AMERICA 0050 BUSINESS MONEY MARKET EO-2 ACCOUNT STATEMENT Statement Period: October 24 through November 21, 1995 [BAR CODE ADDRESS] IRORI Account Number: 00501-03718 11025 N. TORREY PINES RD STE 100 At Your Service LA JOLLA CA 92037-1030 Call: 619 ###-###-####, 24 hours, 7 days a week Written Inquiries Bank of America San Diego Main Office P.O. Box 60049 Los Angeles, CA 90060-0049 Customer since 1995 Bank of America appreciates your business and we enjoy serving you. ========================================================================================================================== [ ] SUMMARY OF YOUR BUSINESS MONEY MARKET ACCOUNT - ---------------------------------------------------- ----------------------------------------------------------------- Beginning Balance on 10/24/95 $713,972.98 Annual Percentage Yield earned this period 3.89% - ---------------------------------------------------- ----------------------------------------------------------------- Total Checks and Other Withdrawals - 425,120.00 Interest paid year-to-date $2,292.22 - ---------------------------------------------------- ----------------------------------------------------------------- Interest Paid + 1,323.04 Number of 24 Hour Customer Service Calls ==================================================== Self-Service 0 Ending Balance $290,176.02 Assisted 0 ========================================================================================================================== [ ] ACCOUNT ACTIVITY Date Posted Description Reference Number Amount Other Withdrawals 10/24 Debit Adjustment $200,000.00 11/03 Telephone/Telegraphic Transfers 50,000.00 11/14 Debit Adjustment 30.00 11/14 Intl Money Trans MTA 9531809209a Sndr Ref: BA Ref005797 Mw Bnf: Pinkley Byatt Ltd., T/Z Pba Inf: Fc 50 45,090.00 11/14 Telephone/Telegraphic Transfers 100,000.00 11/17 Debit Adjustment 30,000.00 Total Other Withdrawals $425,120.00 Interest Paid 11/21 Interest Paid From 10/24/95 Through 11/21/95 $1,323.04 ========================================================================================================================== [ ] Daily Balance Date Amount Date Amount Date Amount 10/24 $ 513,972.98 11/14 318,852.98 11/21 290,176.02 11/03 463,972.98 11/17 288,852.98
Continued on next page Page 1 of 2 59 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### January 12, 1996 Brenda Magill Irori Incorporated 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 Dear Brenda: Enclosed are the documents for Equipment Financing Agreement Number 10787 Schedule Number 04. The Commencement date of this schedule is January 1, 1996. Funding of this Schedule is contingent upon receipt of the executed Landlord Waiver. I trust from your voice mail message that the Landlord Waiver should be settled within the next week. I am also enclosing the original bank deposit receipt in the amount of $34,483.06 for your records. Should you have any questions, please call. Sincerely, /s/ Wendy Ritz Wendy Ritz Sr. Contract Administrator Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 60 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 05 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $27,156.20 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $742.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on March 1, 1996, followed by $4,073.00 on September 1, 1999. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 3/13/96 ----------------- DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser --------------------- ------------------------ Michael P. Nova Barbara B. Kaiser Title: President Title: EVP/General Manager --------------------- --------------------- 61 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 05 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $27,156.20 ----------- Debtor: /s/ MPN (Initials) ------------- Secured Party: /s/ BBK (Initials) ------------- 62 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-05
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ------------------------------------------------------------------------------------------------------------------------------------ 22349 APS Water Services Corporation 95800 1 NANOPure Bioresearch Grade Wall Mount Polisher 851950920142 2,995.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22348 APS Water Services Corporation 95800 4 Cartridge Kit for Nanopure N/A 1,400.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22319 Fisher Scientific ###-###-#### 1 55 Gallon Drum Cabinet N/A 644.40 - ------------------------------------------------------------------------------------------------------------------------------------ 22347 J. & H, Berge, Inc. 944605 1 Auto Desiccator Cabinet N/A 640.50 - ------------------------------------------------------------------------------------------------------------------------------------ 22343 National Business Furniture, Inc. L67684-7CTE 1 Ergo Nut Station w/Mouseboard N/A 194.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22346 Parsons Airgas 743705 1 Auto Fill Optio/Racks 414056B1 5,517.50 - ------------------------------------------------------------------------------------------------------------------------------------ 22338 San Diego Office Interiors 121130 0950668-IN 1 36" Two Drawer Lateral File N/A 307.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22320 San Diego Office Interiors " 0950668-IN 1 Quantum Series Doable Pedestal Desk N/A 306.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22344 San Diego Office Interiors 950921 0950668-IN 1 42" Three Drawer Lateral File N/A 475.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22326 San Diego Office Interiors 103113 0950521-IN 1 Racetrack Conference Table N/A 1,0811.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22337 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22333 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22332 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22331 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22330 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22329 San-Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22328 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22327 San Diego Office Interiors " 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22325 San Diego Office Interiors 102315 0950521-IN 1 Lounge Chair N/A 765.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22324 San Diego Office Interiors " 0950521-IN 1 Lounge Chair N/A 765.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22323 San Diego Office Interiors 743705 0950521-IN 1 Cube Table for Lounge N/A 174.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22342 San Diego Office Interiors 0950521-IN 1 Guest Chair N/A 203.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22341 San Diego Office Interiors 0950521-IN 1 Guest Chair N/A 203.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22340 San Diego Office interiors 112029 0950521-IN 1 Guest Chair N/A 203.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22339 San Diego Office Interiors " 0950521-IN 1 Guest Chair N/A 203.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22336 San Diego Office Interiors 0950521-IN 1 36X60 Conference Table N/A 384.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22322 San Diego Office Interiors 0950521-IN 1 Single Pedestal Desk N/A 460.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22345 San Diego Office Interiors 0950521-IN 1 36X60 Bookcase N/A 110.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22321 San Diego Office Interiors 0950521-IN 1 30X66 Double Pedestal Desk N/A 288.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22358 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X64 N/A 230.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22361 San Diego Office Interiors 0950521-IN 1 30X70 Single Pedestal Desk N/A 390.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22360 San Diego Office Interiors 0954521-IN 1 36X72 Double Pedestal Desk N/A 306.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22357 San Diego Office Interiors 0950521-IN 1 36X72 Double Pedestal Desk N/A 306.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22355 San Diego Office Interiors 0950321-IN 1 36X72 Double Pedestal Desk N/A 306.00 - ------------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) -------- --------- 1 of 1 63 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-05
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ------------------------------------------------------------------------------------------------------------------------------------ 22353 San Diego Office Interiors 0950521-IN 1 36X72 Double Pedestal Desk N/A 306.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22356 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22354 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22352 San Diego Office Interiors 0950521-IN l Protocol Hutch 14X72 N/A 246.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22350 San Diego Office Interiors 0950521-IN 1 Protocol Hutch 14X72 N/A 246.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22335 San Diego Office Interiors 0950521-IN 1 Bookcase 36X36 N/A 104.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22359 San Diego Office Interiors 0950521-IN 1 30X72 Double Pedestal Desk N/A 300.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22351 San Diego Office Interiors 0950521-IN 1 30X72 Double Pedestal Desk N/A 300.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22334 San Diego Office Interiors 0950521-IN 1 Management Chair w/Arms N/A 328.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22318 VWR Scientific 42556300 1 Hot Plate Stir PC420 ###-###-#### 230.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22317 VWR Scientific 41697320 1 Oven, Gravity, 45seg 9512-3101 1,005.30 - ------------------------------------------------------------------------------------------------------------------------------------ 22316 VWR Scientific 41697320 1 Pump 115/230V 1603007402 828.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22315 VWR Scientific 41301730 1 Pump 115V 60HZ 4401007413 1,291.50 - ------------------------------------------------------------------------------------------------------------------------------------ TOTAL $27,156.20
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) -------- --------- 2 of 2 64 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 05 to the Equipment Financing Agreement Number 10787, totaling $27,156.20 against equipment purchases, as follows: $27,156.20 Proceeds from Equipment Financing Agreement Number 10787-05. LESS: $742.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due March 1, 1996. $6,789.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. PLUS: $119.00 Credit for Commitment fee refund. $19,744.20 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ---------------------- Michael P. Nova Title: President ------------------- Date: 3/13/96 ------------------- 65 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Irori Incorporated 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 CREDIT MEMO # 10787-05 DATE 05-Mar-96
QUANTITY DESCRIPTION PRICE AMOUNT - ----------------- ------------------------------------------------------------ -------------- ---------------------- RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-05 ----------------------------------------------------------- First Month's Rent: $742.00 Security Deposit: $6,789.00 Non-Financeable Items: Freight/Install/Labor $1,496.41 Sales Tax $1,926.71 Softcost/Disposables $1,008.56 PLUS Vendor Prepayments $(31,587.88) Prorata Commitment Fee $( 119.00) ----------- TOTAL $(19,744.20) ----------------------- If you have any questions concerning this credit, CHECK PAYABLE TO: $(19,744.20) call: (415) 854-9450. Irori Incorporated -----------------------
THANK YOU FOR YOUR BUSINESS! 66 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 05 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement, We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Patty. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------ Michael P. Nova Title: President --------------------------- Date: 3/13/96 --------------------------- 67 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### March 6, 1996 Brenda Magill Irori Incorporated 11025 North Torrey Pines Road, Suite 100 La Jolla, CA 92037 Dear Brenda: Enclosed are the documents for Equipment Financing Agreement Number 10787 Schedule Number 05. The Commencement date of this schedule is March 1, 1996, Equipment identification labels (asset tags) axe also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A. Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ Wendy Ritz Number: 10787-05 Label Number: 31606-31655 Wendy Ritz IRORI INCORPORATED Sr. Contract Administrator By: /s/ Michael P. Nova --------------------------------------- Michael P. Nova Title: President ------------------------------------ Date: 3/13/96 ------------------------------------ Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 68 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 06 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $84,264.82 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $2,327.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning an August 1, 1996, followed by $12,640.00 on February 1, 2000. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 8/21/96 --------------------------------- DEBTOR: SECURED PARTY IRORI LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser ------------------------------- ------------------------------------ Michael P. Nova Barbara B. Kaiser Title: President Title: EVP/General Manager ------------------------------- --------------------------------- 69 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 06 to the Equipment Financing Agreement Number 10787, totaling $84,264.82 against equipment purchases, as follows: $84,264.82 Proceeds from Equipment Financing Agreement Number 10787-06. LESS: $2,327.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due August 1, 1996. $21,066.00 Due to LEASE MANAGEMENT SERVICES, INC, to pay Security Deposit. PLUS: $371.00 Credit for Commitment fee refund. $61,242.82 Credit due to IRORI. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova -------------------------------------- Title: President -------------------------------------- Date: 8/21/96 -------------------------------------- 70 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 06 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., a Secured Parry, and IRORI, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any right Debtor may have under the Supply Contract covering the Equipment. AS MORE FULLY DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $84,264.80 Debtor: /s/ MPN (Initials) -------- Secured Party: /s/ BBK (Initials) -------- 71 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-06
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ----------------------------------------------------------------------------------------------------------------------------------- 33775 Logic Network Solutions 21217 1 Intel Pentium 90 MHz 204889 1,895.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35776 Logic Network Solutions 21909 1 SVGA 17" Monitor AHO-52700049 750.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35767 Micron Electronics, Inc. 419348 1 Powerstation 100 (256K Syncburst Computer) INTERNAL 2,699.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35763 Micron Electronics, Inc. 419348 1 Powerstation 100 (256K Syncburst Computer) INTERNAL 2,699.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35762 Logic Network Solutions 31146 1 CTX 17" Monitor OL4-60200092 750.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35766 Logic Network Solutions 31146 1 CTX 17" Monitor AHO-52601204 750.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35752 USA Flex, Inc. 17068271 1 Versa Docking Station 4000 789.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35768 USA Flex, Inc. 17029760 1 Versa 4080H PC w/CD-ROM 8MB Memory S63020299 5,327.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35753 USA Flex, Inc. 17029760 1 Versa 4080H PC w/CD-ROM 16MB Docking Station S63021580 5,327.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35761 Technology Integration Group 314532 1 Energy 17" Monitor OL4-54500644 665.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35745 Technology Integration Group 314532 1 US Robotics Courier 28.8 Modem 1000026127 359.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35749 Tri-Star Memory Inc. 13616 1 Intel Pentium 100 MHz PC INTERNAL 1,698.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35774 Technology Integration Group 323468 1 Energy 17" Monitor CR20819856 665.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35777 Technology Integration Group 322343 1 1024 LE 15" Monitor KR55021303 485.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35751 Technology Integration Group 322343 1 1024 LE 15" Monitor KR54919978 485.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35750 Technology Integration Group 322343 1 Vectra VL4 1.2gb w/CD-Rom US62450484 2,279.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35778 Technology Integration Group 322343 1 Vectra VL4 1.2gb w/CD-Rom US62450482 2,279.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35764 Panelight Display Systems, Inc. 6694 1 nView Z210 LCD Panel 164939 2,995.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35748 Tech Data Corporation 1 ###-###-#### 1 Versa 4000 Docking Station 65017325 755.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35744 Tech Data Corporation 1 ###-###-#### 1 32MB Versa Memory Upgrade N/A 724.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35769 PC-Club-SD ###-###-#### 1 15" Digiview Monitor 2FUE6600675 320.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35770 PC-Club-SD 66113571 1 Toshiba 8X CD-ROM N/A 129.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35756 Fisher Scientific 0803854 1 Centrifuge Com 2 3500 460.92 - ----------------------------------------------------------------------------------------------------------------------------------- 35758 VWR Scientific Products 42556461 1 Dataplate HotPlate/Stirrer N/A 455.47 - ----------------------------------------------------------------------------------------------------------------------------------- 35759 VWR Scientific Products 42556291 1 Dataplate HotPlate/Stirrer N/A 455.47 - ----------------------------------------------------------------------------------------------------------------------------------- 35757 VWR Scientific Products 43704730 1 Cold Tray Condenser N/A 895.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35703 Gensia, Inc. 41196 1 Table Top Autoclave 870034 500.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35754 Fisher Scientific 1586200 1 Vacuum Pump Gerotor 2823 739.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35755 Fisher Scientific 1586200 1 Vacuum Pump Gerotor 2887 739.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35700 PerSpective Biosystems 107915 1 Cytofluor Series 4000 FXGHMT428P 25,750.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35760 Persnickety Mfg. Inc. 960305 1 L Desk 66X72 N/A 450.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35730 Persnickety Mfg. Inc. 960305 1 Double Pedestal Desk N/A 395.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35738 Persnickety Mfg. Inc. 960305 1 Double Pedestal Desk N/A 395.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35736 Persnickety Mfg. Inc. 960305 1 Desktop Protocol N/A 220.00 - -----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) -------- --------- 1 of 1 72 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-06
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ----------------------------------------------------------------------------------------------------------------------------------- 35737 Persnickety Mfg. Inc. 960305 1 Desktop Protocol N/A 220.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35765 Persnickety Mfg. Inc. 960306 1 # Executive U Desk N/A 1,070.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35733 Corporate Express 11264265 1 36" 3 Drawer Lateral File N/A 368.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35706 Corporate Express 11264525 1 36" 3 Drawer Lateral File N/A 368.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35705 Corporate Express 11264375 1 36" 2 Drawer Lateral File N/A 280.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35704 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35734 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35735 Corporate Express 11264375 1 36" 4 Drawer Lateral File N/A 399.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35742 USA Flex, Inc. 17045162 1 Versa 4000 Lithium Ion Battery Pack N/A 177.62 - ----------------------------------------------------------------------------------------------------------------------------------- 35743 USA Flex, Inc. 17045162 1 Versa 4000 Lithium Ion Battery Pack N/A 177.62 - ----------------------------------------------------------------------------------------------------------------------------------- 35771 USA Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24 - ----------------------------------------------------------------------------------------------------------------------------------- 35772 USA Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24 - ----------------------------------------------------------------------------------------------------------------------------------- 35773 USA Flex, Inc. 17045162 1 Credit Card Enet Modem 28.8 N/A 451.24 - ----------------------------------------------------------------------------------------------------------------------------------- 35707 Persnickety Mfg. Inc. 960318 1 Conference Table 36x84 N/A 675.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35712 Persnickety Mfg. Inc. 960318 1 Coffee Credenza N/A 595.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35719 Persnickety Mfg. Inc. 960318 1 Executive U Desk N/A 950.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35720 Persnickety Mfg. Inc. 960318 1 2 Drawer Lateral File N/A 330.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35728 Persnickety Mfg. Inc. 960318 1 Executive U Desk N/A 925.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35729 Persnickety Mfg. Inc. 960318 1 2 Drawer Lateral File N/A 330.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35731 Persnickety Mfg. Inc. 960318 1 Corner Desk Unit N/A 675.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35732 Persnickety Mfg. Inc. 960318 1 Desktop Protocol N/A 220.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35739 Persnickety Mfg. Inc. 960402 1 Executive U Desk N/A 900.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35741 Persnickety Mfg. Inc. 960402 1 2 Drawer Lateral File N/A 320.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35718 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35723 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35724 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35725 Persnickety Mfg. Inc. 960508 1 Manager Chair Model MA1534RL N/A 274.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35713 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35714 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35721 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35722 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35726 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35727 Persnickety Mfg. Inc. 960508 1 Guest Chair Model MA4554CL N/A 244.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35708 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - -----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) -------- --------- 2 of 2 73
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ----------------------------------------------------------------------------------------------------------------------------------- 35709 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35710 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35711 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35715 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35716 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35717 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35740 Persnickety Mfg. Inc. 960515 1 Conference Room Chair Model HZ785 N/A 98.50 - ----------------------------------------------------------------------------------------------------------------------------------- 35701 Universal Communication Solution 5207 1 Vodave Enhanced Speakerphone SBC612340 270.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35702 Universal Communication Solution 5207 1 Vodave Enhanced Speakerphone NOT POSTED 270.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35746 Syex Express S1124884 1 Micronet 2gb Fast SCSI N/A 1,069.00 - ----------------------------------------------------------------------------------------------------------------------------------- 35747 Syex Express S1124884 1 Micronet 4X CD Recorder N/A 1,665.00 - -----------------------------------------------------------------------------------------------------------------------------------
Debtor: /s/ MPN (Initials) Secured Party: /s/ BBK (Initials) -------- --------- 3 of 3 74 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 - -------------------------------------- Irori Incorporated CREDIT MEMO # 10787-06 11025 North Torrey Pines Road, #100 DATE 12-Aug-96 La Jolla, CA 92037 - --------------------------------------
- ----------------------------------------------------------------------------------------------------- QUANTITY DESCRIPTION PRICE AMOUNT - ------------------------------------------------------------------------------- RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-06 ------------------------------------------------------------------- First Month's Rent: $ 2,327.00 Security Deposit: $ 21,066.00 Non-Financable Items: Freight/Install/Labor $ 1,348.54 Sales Tax $ 4,875.46 Softcost/Disposables $ 6,213.12 PLUS: Vendor Prepayments $(96,701.94) Prorata Commitment Fee $ (371.00) ----------- TOTAL $(61,242.82) - ----------------------------------------------------------------------------------------------------- If you have any questions concerning CHECK PAYABLE TO: ($61,242.82) this credit, call: (415) 854-9450. Irori Incorporated
THANK YOU FOR YOUR BUSINESS! 75 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 06 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ------------------------------------ Title: President ------------------------------------ Date: 8/21/96 ------------------------------------ 76 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### August 13, 1996 Susan Sisk IRORI INCORPORATED 11025 North Torrey Pines Rd. #100 La Jolla, CA 92037 Dear Ms. Sisk: Enclosed are the documents for Equipment Financing Agreement Number 10787, Schedule Number 06. The Commencement date of this schedule is August 1, 1996. Please see that the documents are executed and returned. Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A. Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ K.C. Number: 10787-06 Label Number: 35706 to 35785 Kathy (Kasey) Christie IRORI Sr. Contract Administrator By: /s/ Michael P. Nova ------------------------------------ Title: President ------------------------------------ Date: 8/21/96 ------------------------------------ Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 77
10787-06 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12/08/95 Sacramento - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, #100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 ###-###-#### - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND CITY STATE ZIP CODE A.B.A. NO. - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 06 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 19 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
78
10787-06 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12/08/95 Sacramento - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 N. TORREY PINES ROAD, SUITE 100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 ###-###-#### - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND CITY STATE ZIP CODE A.B.A. NO. - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 06 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 8/21 1996 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
79 NEW BUSINESS SUMMARY Irori Incorporated 10787-06 - ------------------------------------------------------------------------------- * * * * * * * * * * ACCOUNTING INFORMATION * * * * * * * * * *
EQ EQ SALES SALES TAX VENDOR INVOICE DATE CLASS COST TAX RATE TO VENDOR - ------------------------------------------------------------------------------------------------------------------------------------ Logic Network Solutions (1) 21217 02/12/96 CMP 3,373.00 7.00% 264.11 Logic Network Solutions (1) 21909 02/19/96 CMP 1,009.00 7.00% 70.63 Micron Electronics, Inc. (1) 419348 03/04/96 CMP 5,398.00 0.00% 0.00 Logic Network Solutions (1) 31146 03/11/96 CMP 1,800.00 7.00% 126.00 USA Flex, Inc. (1) 17068271 04/25/96 CMP 789.00 0.00% 0.00 USA Flex, Inc. (1) 17029760 04/23/96 CMP 10,884.00 0.00% 0.00 Technology Integration Group (1) 314532 04/10/96 CMP 1,484.00 7.75% 115.01 Tri-Star Memory Inc. (1) 13616 06/10/96 CMP 1,698.00 7.75% 131.60 Technology Integration Group (1) 323468 06/29/96 CMP 665.00 7.75% 51.54 Technology Integration Group (1) 322343 06/18/96 CMP 8,667.00 7.75% 671.69 Panelight Display Systems, Inc. (1) 6694 06/13/96 CMP 2,995.00 7.75% 232.12 Tech Data Corporation (1) 1 ###-###-#### 07/09/06 CMP 755.00 0.00% 0.00 Tech Data Corporation (1) 1 ###-###-#### 07/23/96 CMP 724.00 0.00% 0.00 PC-Club-SD (1) 66113571 07/14/96 CMP 556.00 7.75% 43.09 Fisher Scientific (1) 0803854 02/20/96 LFS 531.04 7.00% 37.16 VWR Scientific Products (1) 42556461 03/29/96 LFS 455.47 7.00% 31.88 VWR Scientific Products (1) 42556291 03/29/96 LFS 455.47 7.00% 31.88 VWR Scientific Products (1) 43704730 03/22/96 LFS 895.00 7.00% 62.66 Gensia, Inc. (1) 04/11/96 LFS 500.00 0.00% 0.00 Fisher Scientific (1) 1586200 05/07/96 LFS 1,478.00 7.75% 114.55 PerSeptive Biosystems (1) 107915 06/28/96 LFS 25,750.00 7.00% 1,802.50 Persnickety Mfg. Inc. (1) 960305 03/06/96 OFN 1,680.00 7.00% 117.60 Persnickety Mfg. Inc. (1) 960306 03/11/96 OFN 1,070.00 7.00% 74.90 Corporate Express (1) 11264265 04/09/96 OFN 368.00 7.75% 28.52 Corporate Express (1) 11264525 04/23/96 OFN 368.00 7.75% 28.52 Corporate Express (1) 11264375 04/09/96 OFN 1,477.00 7.75% 114.47 USA Flex, Inc. (1) 17045162 04/26/96 CMP 1,708.96 0.00% 0.00 Persnickety Mfg. Inc. (1) 960318 03/18/96 OFN 4,700.00 7.00% 329.00 Persnickety Mfg. Inc. (1) 960402 03/18/96 OFN 1,220.00 7.75% 94.55 Persnickety Mfg. Inc. (1) 960508 04/15/96 OFN 2,562.00 7.75% 198.56 Persnickety Mfg. Inc. (1) 960515 04/15/96 OFN 788.00 7.75% 61.07 Universal Communication Solution (1) 5207 06/21/96 PEQ 540.00 7.75% 41.85 Syex Express (1) S1124884 06/24/96 CMP 2,734.00 0.00% 0.00 --------- -------- TOTAL 90,477.94 4,875.4 - ------------------------------------------------------------------------------------------------------------------------------------ No of Invoices (33)
FREIGHT VENDOR INSTALL TOTAL VENDOR REBATE LABOR INVOICE PR - ------------------------------------------------------------------------------------ Logic Network Solutions 0.00 0.00 4,037.11 Logic Network Solutions 0.00 0.00 1,079.63 Micron Electronics, Inc. 0.00 78.00 5,476.00 Logic Network Solutions 0.00 0.00 1,926.00 USA Flex, Inc. 0.00 31.30 820.30 USA Flex, Inc. 0.00 105.00 10,989.00 Technology Integration Group 0.00 0.00 1,599.01 Tri-Star Memory Inc. 0.00 0.00 1,829.60 Technology Integration Group 0.00 0.00 716.54 Technology Integration Group 0.00 0.00 9,338.69 Panelight Display Systems, Inc. 0.00 28.50 3,255.62 Tech Data Corporation 0.00 50.34 805.34 Tech Data Corporation 0.00 4.75 728.75 PC-Club-SD 0.00 0.00 599.09 Fisher Scientific 0.00 0.00 568.20 VWR Scientific Products 0.00 0.00 487.35 VWR Scientific Products 0.00 0.00 487.35 VWR Scientific Products 0.00 50.75 1,008.41 Gensia, Inc. 0.00 0.00 500.00 Fisher Scientific 0.00 0.00 1,592.00 PerSeptive Biosystems 0.00 49.00 27,601.50 Persnickety Mfg. Inc. 0.00 150.00 1,947.60 Persnickety Mfg. Inc. 0.00 75.00 1,219.90 Corporate Express 0.00 0.00 396.52 Corporate Express 0.00 0.00 396.52 Corporate Express 0.00 0.00 1,591.47 USA Flex, Inc. 0.00 28.40 1,737.36 Persnickety Mfg. Inc. 0.00 395.00 5,424.00 Persnickety Mfg. Inc. 0.00 75.00 1,389.55 Persnickety Mfg. Inc. 0.00 0.00 2,760.56 Persnickety Mfg. Inc. 0.00 0.00 849.07 Universal Communication Solution 0.00 227.50 809.35 Syex Express 0.00 0.00 2,734.00 ---- -------- --------- 0.00 1,348.54 96,701.94 ------------------------------------------------ No of Invoices
Prepared By: Kasey Christie Date 08/13/96 ----------------- --------- Approved By: /s/ illegible Date 08/13/96 ----------------- --------- 80 LEASE MANAGEMENT SERVICES INC. SCHEDULE 07 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $85,416.00 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $2,357.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on October 1, 1996, followed by $12,812.00 on April 1, 2000. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 10/11/96 ------------------------------ DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser --------------------------------- ------------------------------------- Michael P. Nova Barbara B. Kaiser Title: CEO Title: EVP/General Manager ------------------------------ --------------------------------- 81 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 07 to the Equipment Financing Agreement Number 10787, totaling $85,416.00 against equipment purchases, as follows: $85,416.00 Proceeds from Equipment Financing Agreement Number 10787-07. LESS: $2,357.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due October 1, 1996. $21,354.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. PLUS: $376.00 Credit for Commitment fee refund. $62,081.00 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------------------- Title: CEO --------------------------------------- Date: 10/11/96 --------------------------------------- 82 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 07 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein, by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $85,416.00 Debtor: /s/ MPN (Initials) ----------------------- Secured Party: /s/ BBK (Initials) ----------------------- 83 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-07
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ---------------------------------------------------------------------------------------------------------------------------------- 47213 Fisher Scientific ###-###-#### 1 Vacuum Pump 5.6 Model M8C F1693 1,388.64 - ---------------------------------------------------------------------------------------------------------------------------------- 22297 Fisher Scientific ###-###-#### 1 PH Meter Portable 0003679 325.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47201 Fisher Scientific ###-###-#### 1 Isotemp Incubator 506R0217 789.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47207 Fisher Scientific ###-###-#### 1 Universal Platform Model G10 690750176 595.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47212 Fisher Scientific ###-###-#### 1 Freeze Dryer w/Tray Model 12L 7498XX77540XX 15,398.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47202 Fisher Scientific ###-###-#### 1 Flammables Floor Cabinet NO S/N 450.64 - ---------------------------------------------------------------------------------------------------------------------------------- 47215 Fisher Scientific ###-###-#### 1 Basic Level Balance ###-###-#### 816.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47203 Genta Incorporated Invoice 1 Isotemp Ref/Freezer 010-1473-000 1,500.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47204 Genta Incorporated Invoice 1 Drying Oven 90200057 300.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47205 Genta Incorporated Invoice 1 Glassware Dishwasher 18075235 2,300.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47208 Fisher Scientific ###-###-#### 1 Shaker Gyrotry Model G10 690750176 3,020.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47209 Fisher Scientific ###-###-#### 1 Sound Enclosure 10758 553.80 - ---------------------------------------------------------------------------------------------------------------------------------- 47210 Fisher Scientific ###-###-#### 1 Sieve Shaker 11098 1,373.42 - ---------------------------------------------------------------------------------------------------------------------------------- 22272 Technology Integration Group 328309 1 Multiscan 15SF2 Monitor S0181242126 480.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22286 Technology Integration Group 333818 1 Energy 17" Monitor S0L455101661 665.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22273 Technology Integration Group 326378 1 SVGA Network Cards 1000045383 271.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22274 Technology Integration Group 330029 1 Armada 1120T P100 7630HYD31879 2,139.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22275 Technology Integration Group 330029 1 8MB Upgrade NO S/N 195.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22285 Technology Integration Group 330029 1 Ethernet Modem 28.8 ###-###-#### 390.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22280 Micron Electronics 643078 1 Micro Computer ATO Model BOM ###-###-#### 2,899.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22281 Micron Electronics 643078 1 104 Enhanced Keyboard NO S/N incl. - ---------------------------------------------------------------------------------------------------------------------------------- 22283 Technology Integration Group 328108 1 PCI LAN Adapter NO S/N 790.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22282 Technology Integration Group 328108 1 Energy 17" Monitor 0L4-54601820 665.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22263 Technology Integration Group 328108 1 Energy 17" Monitor 0L4-54601826 665.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22278 Micron Electronics 615788 1 Micro Computer ATO Model BOM ###-###-#### 2,239.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22279 Micron Electronics 615788 1 104 Enhanced Keyboard NO S/N incl. - ---------------------------------------------------------------------------------------------------------------------------------- 22264 Micron Electronics 669498 1 Micro Computer ATO Model BOM ###-###-#### 2,299.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22265 Micron Electronics 669498 1 104 Enhanced Keyboard NO S/N incl. - ---------------------------------------------------------------------------------------------------------------------------------- 22276 Micron Electronics 669498 1 Micro Computer ATO Model BOM ###-###-#### 2,299.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22277 Micron Electronics 669498 1 104 Enhanced Keyboard NO S/N incl. - ---------------------------------------------------------------------------------------------------------------------------------- 22284 National Instruments 230972 1 AT-OPIB Interface Card NO S/N 570.00 - ---------------------------------------------------------------------------------------------------------------------------------- (3) Persnickety Mfg. Inc. 960823 6 Open Office Panels Walls NO S/N 12,383.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22295 Persnickety Mfg. Inc. 9608120-B 1 Mobile Pedestal NO S/N 327.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22294 Persnickety Mfg. Inc. 960813 1 Executive U Desk NO S/N 1,425.00 - ----------------------------------------------------------------------------------------------------------------------------------
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) ------------- --------------- 1 of 1 84
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ---------------------------------------------------------------------------------------------------------------------------------- (4) Persnickety Mfg. Inc. 960813 1 2-Drawer Lateral File NO S/N incl. - ---------------------------------------------------------------------------------------------------------------------------------- (1) PC Saver 2290 4 32MB Upgrade NO S/N 880.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22267 PC Saver 2289 1 Pentium Pro System NO S/N 3,666.00 - ---------------------------------------------------------------------------------------------------------------------------------- 22266 PC Saver 2289 1 15" SVGA Monitor 68TTB0477359 incl. - ---------------------------------------------------------------------------------------------------------------------------------- 47211 Savant Instruments 128629 1 Speedvac Component System SC210A-6H330453-1G 12,505.00 - ---------------------------------------------------------------------------------------------------------------------------------- (2) Tri-Star Memory Inc. 13834 6 32MB Memory Upgrade NO S/N 1,314.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47206 TriLink BioTechnologies 4 1 Gamma Center 3,000.00 - ---------------------------------------------------------------------------------------------------------------------------------- 47217 Universal Communication Solution 5499 1 Executive Phone Display SBG611527 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47218 Universal Communication Solution 5499 1 Executive Phone Display SBG611350 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47222 Universal Communication Solution 5499 1 Executive Phone Display SBG611135 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47221 Universal Communication Solution 5499 1 Executive Phone Display SBG611504 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47220 Universal Communication Solution 5499 1 Executive Phone Display SBG611173 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47219 Universal Communication Solution 5499 1 Executive Phone Display SBG611371 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47223 Universal Communication Solution 5499 1 Executive Phone Display SBG611121 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47224 Universal Communication Solution 5499 1 Executive Phone Display SBG611325 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47216 Universal Communication Solution 5499 1 Executive Phone Display SBG611091 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 47225 Universal Communication Solution 5499 1 Executive Phone Display SBG611468 340.20 - ---------------------------------------------------------------------------------------------------------------------------------- 22287 Universal Communication Solution 5499 1 12 Port Station NO S/N 780.30 - ---------------------------------------------------------------------------------------------------------------------------------- 47214 VWR Scientific Products 53481110 1 Rolomix Orb Mixer Model 51335T 553960799706 358.20 - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL 85,416.00 (1) 22268 22270 (3) 22288 22291 22269 22271 22289 22292 22290 22293 (2) 22309 (4) 22296 22310 22311 22312 22313 22314
Debtor /s/ MPN (Initials) Secured Party /s/ BBK (Initials) ------------- --------------- 2 of 2 85 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 07 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security interest created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplies or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------------- Title: CEO --------------------------------- Date: 10/11/96 --------------------------------- 86 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA. 94025 - --------------------------------------- Irori Incorporated 11025 North Torrey Pines Road, #100 CREDIT MEMO # 10787-07 La Jolla, CA 92037 DATE 09-Oct-96 - ---------------------------------------
- -------------------------------------------------------------------------------- QUANTITY DESCRIPTION PRICE AMOUNT - -------------------------------------------------------------------------------- RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-07 ----------------------------------------------- First Month's Rent: $ 2,357.00 Security Deposit: $ 21,354.00 Non-Financable Items: Freight/Install/Labor $ 2,638.47 Sales Tax $ 5,894.13 Softcost/Disposables $ 699.70 PLUS: Vendor Prepayments $(94,648.30) Prorata Commitment Fee $ (376.00) ----------- TOTAL $(62,081.00) - -------------------------------------------------------------------------------- If you have any questions concerning CHECK PAYABLE TO: ($62,081.00) this credit, call: (415) 854-9450. Irori Incorporated
THANK YOU FOR YOUR BUSINESS! 87 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### October 4, 1996 Susan Sisk IRORI INCORPORATED 11025 North Torrey Pines Road La Jolla, CA 92037 Dear Susan: Enclosed are the documents for Equipment Financing Agreement Number 10787, Schedule Number 07. The Commencement date of this schedule is October 1, 1996. Please see that the documents are executed and returned Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A. Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ K.C. Number: 10787-07 Label Number: See Exhibit A-1 Kathy (Kasey) Christie IRORI INCORPORATED Sr. Contract Administrator By: /s/ Michael P. Nova ----------------------------------- Title: CEO ----------------------------------- Date: 10/11/96 ----------------------------------- Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 88
10787-07 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12/08/95 Sacramento - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, #100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 ###-###-#### - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND A.B.A. NO. CITY STATE ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below.. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above.. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 07 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 10/11 1996 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM--FILING FEE UNIFORM COMMERCIAL CODE--FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
89 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 08 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY. ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN TIES SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $48,249.85 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $1,326.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on, December 1, 1996, followed by $7,237.00 on June 1, 2000. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, # 100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 12/20/96 ------------------------------- DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ Michael P. Nova By: /s/ Barbara B. Kaiser ------------------------------- -------------------------- Barbara B. Kaiser Title: President Title: EVP/General Manager ------------------------------- -------------------------- 90 LEASE MANAGEMENT SERVICES, INC. EXHIBIT A Attached to and forming a part of the following documents: Schedule Number 08 of Equipment Financing Agreement Number 10787, Certificate of Acceptance and the UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is incorporated herein by this reference. All Terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby directed to contact the Supplier of the Equipment for a description of any rights Debtor may have under the Supply Contract covering the Equipment. AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. TOTAL PURCHASE PRICE $48,249.85 Debtor: /s/ MPN (Initials) ----------------------- Secured Party: /s/ BBK (Initials) ----------------------- 91 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-08
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT ----- ------ --------- --- ----------- ------------- ------ 47230 Universal Communication Solution 5635 1 4 Port Voice Mailcard N/A 1,595.00 47227 Fisher Scientific ###-###-#### 1 Balance Et Al ###-###-#### 4,815.55 47229 Fisher Scientific ###-###-#### 1 Vacuum Pump Gerotor YKL270610 739.00 47249 VWR Scientific Products 57931660 1 Pump 115V 193904 1,291.50 47228 Perkin Elmer 0996944 1 Spectrum 1000 W/Software 45395 17,210.00 47240 Micron Electronics, Inc. 789892 1 Micron Computer ATO Model BOM 724035-0001 2,049.00 47231 Networks 2000 2148 1 HP Advancestack 100VG Hub 14-Port NONE 1,441.25 47233 Networks 2000 2148 1 HP SNMP Bridge Module SG63030296 936.55 47248 Networks 2000 2148 1 Digiboard 8 Port Card N/A 719.00 47237 Micron Electronics, Inc. 764346 1 Micron Computer ATO Model BOM 706164-0001 2,049.00 47247 Technology Integration Group 339235 1 17" Monitor AI0-52303272 650.00 47232 Andataco 157172 1 Desktop Cab 0000-0937 4,800.00 47234 Andataco 157172 1 DLT4000 Tape Unit 0000-0937 2,325.00 (1) Technology Integration Group 337325 6 PCI LAN Adapter (pkg of 6) N/A 790.00 47238 Technology Integration Group 337325 1 17" Monitor OP4-60201585 650.00 47239 Technology Integration Group 336491 1 17" Monitor OP4-54901751 650.00 47235 Technology Integration Group 335814 1 Laserjet 4MV SJPFH010307 2,745.00 47236 Micron Electronics 747144 1 Micron Computer ATO Model BOM ###-###-#### 2,049.00 47226 Pharmacia Biotech 38715620 1 EPS 500 Power Supply 9603-1001 745.00 TOTAL $48,249.85
(1) 47241 47242 47243 47244 47245 47246 Debtor /s/ MPN (Initials) Secured Pary /s/ BBK (Initials) --------- --------- 1 of 1 92 LEASE MANAGEMENT SERVICES, INC. PAY PROCEEDS LETTER TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES, INC., as Secured Party, to distribute proceeds of Schedule 08 to the Equipment Financing Agreement Number 10787, totaling $48,249.85 against equipment purchases, as follows $48,249.85 Proceeds from Equipment Financing Agreement Number 10787-08. LESS: $1,326.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay first installment payment due December 1, 1996. $12,062.00 Due to LEASE MANAGEMENT SERVICES, INC., to pay Security Deposit. PLUS: $212.00 Credit for Commitment fee refund. $35,073.85 Credit due to IRORI INCORPORATED. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova --------------------------- Title: President --------------------------- Date: 12/20/96 --------------------------- 93 LEASE MANAGEMENT SERVICES, INC. CREDIT MEMO 2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025 Irori Incorporated 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 CREDIT MEMO # 10787-08 DATE 09-Dec-96
QUANTITY DESCRIPTION PRICE AMOUNT - -------- ----------- ----- ------ RE: EQUIPMENT FINANCING AGREEMENT NO. 10787-08 -------------------------------------------------------------------- First Month's Rent: $1,326.00 Security Deposit: $12,062.00 Non-Financeable Items: Freight/Install/Labor $458.77 Sales Tax $3,559.82 Softcost/Disposables $3,829.75 PLUS: Vendor Prepayments $(56,098.19) Prorata Commitment Fee $(212.00) ------------ TOTAL $(35,073.85) If you have any questions concerning this credit, CHECK PAYABLE TO: $(35,073.85) call: (415) 854-9450. Irori Incorporated ------------
THANK YOU FOR YOUR BUSINESS! 94 LEASE MANAGEMENT SERVICES, INC. CERTIFICATE OF ACCEPTANCE Attached to and made an integral part of Schedule 08 to Equipment Financing Agreement Number 10787. TO: LEASE MANAGEMENT SERVICES, INC. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 EQUIPMENT DESCRIPTION SEE ATTACHED EXHIBIT "A" We hereby acknowledge receipt, in good condition, of the Equipment described above or on the attached Exhibit "A". The Equipment has been properly installed and is operating satisfactorily. We hereby accept said Equipment as satisfactory in all respects for the purposes of the above Equipment Financing Agreement. Said Equipment has not been delivered or accepted on a trial basis, and is free and clear of all liens and encumbrances and adverse claims, with the exception of the security deposit created herein. We will make all payments to Secured Party, as called for in the Equipment Financing Agreement. We agree that any rights we may have against the supplier or vendor of said Equipment will not be asserted as an abatement, defense, counterclaim, or deduction against Secured Party. All capitalized terms used herein shall have the same meaning as set forth in the Equipment Financing Agreement referenced above. DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY. DEBTOR: IRORI INCORPORATED By: /s/ Michael P. Nova ----------------------------- Title: President ----------------------- Date: 12/20/96 ------------------------- 95 Lease Management Services, Inc. 2500 Sand Hill Road, Suite 101 Menlo Park, CA 94025 Telephone ###-###-#### o Fax ###-###-#### December 13, 1996 Susan Sisk IRORI 11025 North Torrey Fine Road, #100 La Jolla, CA 92037 Dear Susan: Enclosed are the documents for Equipment Financing Agreement Number 10787, Schedule Number 08. The Commencement date of this schedule is December 1, 1996. Please see that the documents are executed and returned. Equipment identification labels (asset tags) are also enclosed. Please affix the asset tags to all of the equipment listed in the Exhibit A. Please acknowledge completion of labeling by listing the appropriate asset tag number in the space provided for each equipment description in Exhibit A. Sign where indicated below and return to me. Should you have any questions, please call. Sincerely, LABELING OF EQUIPMENT Equipment Financing Agreement /s/ K.C. Number: 10787-08 Label Number: See Exhibit A-1 Kathy (Kasey) Christie IRORI Sr. Contract Administrator By: /s/ Michael P. Nova ------------------------------- Title: President ------------------------------- Date: 12/20/96 ------------------------------- Enclosures A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854 96
10787-08 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12/08/95 SOS - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, #100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 ###-###-#### - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND CITY STATE ZIP CODE A.B.A. NO. - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 08 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 19 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
97
10787-08 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code - ----------------------------------------------------------------------------------------------------------------------------------- 1. FILE NO. OF ORIG. FINANCING 1A. DATE OF FILING OF ORIG. 1B. DATE OF ORIG. FINANCING 1C. PLACE OF FILING ORIG. STATEMENT FINANCING STATEMENT STATEMENT FINANCING STATEMENT ###-###-#### 12/08/95 SOS - ----------------------------------------------------------------------------------------------------------------------------------- 2. DEBTOR (LAST NAME FIRST) 2A. SOCIAL SECURITY NO., FEDERAL TAX NO. IRORI INCORPORATED - ----------------------------------------------------------------------------------------------------------------------------------- 2B. MAILING ADDRESS 2C. CITY, STATE 2D. ZIP CODE 11025 NORTH TORREY PINES ROAD, #100 LA JOLLA, CA 92037 - ----------------------------------------------------------------------------------------------------------------------------------- 3. ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST) 3A. SOCIAL SECURITY OR FEDERAL TAX NO. - ----------------------------------------------------------------------------------------------------------------------------------- 3B. MAILING ADDRESS 3C. CITY, STATE 3D. ZIP CODE - ----------------------------------------------------------------------------------------------------------------------------------- 4. SECURED PARTY 4A. SOCIAL SECURITY NO., FEDERAL TAX NO,. OR BANK TRANSIT AND A.B.A. NO. NAME LEASE MANAGEMENT SERVICES, INC. MAILING ADDRESS 2500 SAND HILL ROAD, SUITE 101 CITY MENLO PARK STATE CA ZIP CODE 94025 ###-###-#### - ----------------------------------------------------------------------------------------------------------------------------------- 5. ASSIGNEE OF SECURED PARTY (IF ANY) 5A. SOCIAL SECURITY NO., NAME FEDERAL TAX NO. OR MAILING ADDRESS BANK TRANSIT AND CITY STATE ZIP CODE A.B.A. NO. - ----------------------------------------------------------------------------------------------------------------------------------- 6A [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property on which growing or to be grown in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- B [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party releases the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- C [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7 below. - ----------------------------------------------------------------------------------------------------------------------------------- D [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing Statement bearing the file number shown above. - ----------------------------------------------------------------------------------------------------------------------------------- E [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below. (Signature of Debtor required on all amendments.) - ----------------------------------------------------------------------------------------------------------------------------------- F [ ] OTHER - ----------------------------------------------------------------------------------------------------------------------------------- 7. AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 08 OF EQUIPMENT FINANCING AGREEMENT NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO. - ----------------------------------------------------------------------------------------------------------------------------------- 8. C 9. This Space for Use of Filing Officer O (Date, Time, Filing Office) D (Date) 12/20 1996 E -------------------------------------- IRORI INCORPORATED - ----------------------------------------------------------------------------- 1 By: /s/ MICHAEL P. NOVA PRESIDENT ----------------------------------------------------------------- SIGNATURE(S) OF DEBTOR(S) (TITLE) 2 LEASE MANAGEMENT SERVICES, INC. - ----------------------------------------------------------------------------- 3 By: /s/ BARBARA B. KAISER ----------------------------------------------------------------- SIGNATURE(S) OF SECURED PARTY(IES) (TITLE) 4 - ----------------------------------------------------------------------------- RETURN COPY TO 5 P6-0000-141-6 ADDRESS LEASE MANAGEMENT SERVICES, INC. 2500 SAND HILL ROAD, SUITE 101 6 MENLO PARK, CA 94025 7 Filing Officer Debtors STANDARD FORM -- FILING FEE UNIFORM COMMERCIAL CODE -- FORM UCC.2 8 Approved by the Secretary of State 9 - -----------------------------------------------------------------------------------------------------------------------------------
98 LEASE MANAGEMENT SERVICES, INC. PREPARED FOR: IRORI, INC. SCHEDULE 10787-08 COMMENCE DATE: 01-Dec-96 PV RENTAL $48,249.85 PRINCIPAL: $48,249.85 IMPLICIT INTEREST RATE: 8.65% AMORTIZATION FACTOR: 14.644813% TERM: 43 ADV or ARR: 2 (1=ARR, 2=ADV)
APPLIED TO APPLIED TO REMAINING PYMT # PRINCIPAL PAYMENT INTEREST PRINCIPAL PRINCIPAL - ------ --------- ------- -------- --------- --------- 1 $48,249.85 $1,326.00 $0.00 $1,326.00 $46,923.85 2 46,923.85 1,326.00 572.66 753.34 46,170.51 3 46,170.51 1,326.00 563.47 762.53 45,407.97 4 45,407.97 1,326.00 554.16 771.84 44,636.13 5 44,636.13 1,326.00 544.74 781.26 43,854.87 6 43,854.87 1,326.00 535.21 790.79 43,064.08 7 43,064.08 1,326.00 525.55 800.45 42,263.63 8 42,263.63 1,326.00 515.79 810.21 41,453.42 9 41,453.42 1,326.00 505.90 820.10 40,633.32 10 40,633.32 1,326.00 495.89 830.11 39,803.21 11 39,803.21 1,326.00 485.76 840.24 38,962.97 12 38,962.87 1,326.00 475.50 850.50 38,112.47 13 38,112.47 1,326.00 465.13 860.87 37,251.60 14 37,251.60 1,326.00 454.62 871.38 36,380.21 15 36,380.21 1,326.00 443.98 882.02 35,498.20 16 35,498.20 1,326.00 433.22 892.78 34,605.42 17 34,605.42 1,326.00 422.32 903.68 33,701.74 18 33,701.74 1,326.00 411.30 914.70 32,787.04 19 32,787.04 1,326.00 400.13 925.87 31,861.17 20 31,861.17 1,326.00 388.83 937.17 30,924.01 21 30,924.01 1,326.00 377.40 948.50 29,975.40 22 29,975.40 1,326.00 365.82 960.18 29,015.23 23 29,015.23 1,326.00 354.10 971.90 28,043.33 24 28,043.33 1,326.00 342.24 983.76 27,059.57 25 27,059.57 1,326.00 330.24 995.76 26,063.80 26 26,063.80 1,326.00 318.08 1,007.92 25,055.89 27 25,055.89 1,326.00 305.78 1,020.22 24,035.67 28 24,035.67 1,326.00 293.33 1,032.67 23,003.00 29 23,003.00 1,326.00 280.73 1,045.27 21,957.73 30 21,957.73 1,326.00 267.97 1,058.03 20,899.70 31 20,899.70 1,326.00 255.06 1,070.94 19,828.76 32 19,828.76 1,326.00 241.99 1,084.01 18,744.75 33 18,744.75 1,326.00 228.76 1,097.24 17,647.51 34 17,647.51 1,326.00 215.37 1,110.63 16,536.88 35 16,536.88 1,326.00 201.82 1,124.18 15,412.70 36 15,412.70 1,326.00 188.10 1,137.90 14,274.80 37 14,274.60 1,326.00 174.21 1,151.79 13,123.01 38 13,123.01 1,326.00 160.15 1,165.85 11,957.16 39 11,957.16 1,326.00 145.93 1,180.07 10,777.09 40 10,777.09 1,326.00 131.52 1,194.48 9,582.61 41 9,582.61 1,326.00 116.95 1,209.05 8,373.56 42 8,373.56 1,326.00 102.19 1,223.81 7,149.75 43 7,149.75 7,237.00 87.26 7,149.74 0.00 44 0.00 0.00 0.00 (0.00) 0.00 45 0.00 0.00 0.00 (0.00) 0.00 46 0.00 0.00 0.00 (0.00) 0.00 47 0.00 0.00 0.00 (0.00) 0.00 48 0.00 0.00 0.00 (0.00) 0.00 49 0.00 0.00 0.00 (0.00) 0.00 TOTAL INTEREST 14,679.15 TOTAL PRINCIPAL 48,249.85 --------- TOTAL RENTAL RECEIVABLE 62,929.00 62,929.00
The above amortization schedule has been prepared using standard amortization software. You may want to submit a copy of this schedule, along with the Lease documents, to your CPA firm so they can verify that your accounting records comply with generally accepted accounting principles. 99 LEASE MANAGEMENT SERVICES, INC. SCHEDULE 09 TO EQUIPMENT FINANCING AGREEMENT NUMBER 10787 BETWEEN IRORI INCORPORATED, AS DEBTOR AND LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION. 1. EQUIPMENT DESCRIPTION: See Attached Exhibit "A" 2. PROCEEDS AMOUNT: $38,059.55 3. INSTALLMENT PAYMENTS: Except as otherwise provided in the Agreement or in this Schedule, the undersigned Debtor promises to repay the Advance Amount, with interest as follows: $1,047.00 per month due on the first day of each month for Forty-Two (42) consecutive months, beginning on March 1, 1997, followed by $5,709.00 on September 1, 2000. 4. EQUIPMENT LOCATION: 11025 North Torrey Pines Road, #100 La Jolla, CA 92037 5. OTHER PROVISIONS: N/A Dated: 3-24-97 ----------------------------- DEBTOR: SECURED PARTY: IRORI INCORPORATED LEASE MANAGEMENT SERVICES, INC. By: /s/ MICHAEL NOVA By: /s/ BARBARA B. KAISER ----------------------------- ------------------------------- Barbara B. Kaiser Title: President & CEO Title: EVP/General Manager ----------------------------- ----------------------------- 100 IRORI INCORPORATED EXHIBIT A-1 TO SCHEDULE 10787-09
LMSI TAG # VENDOR INVOICE # QTY DESCRIPTION SERIAL NUMBER AMOUNT - ------------------------------------------------------------------------------------------------------------------------------------ 31617 MicroImage?? 337327 1 500 Sheet Lower Tray for Laser Printer DE11586713 295.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31620 Technology Integration Group 329472 1 HP Vectra VL Series 4 5/100 SUS62455354 1,750.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31619 Technology Integration Group 329472 1 HP 1024 LE/MM 15" Monitor KR54213119 485.00 - ------------------------------------------------------------------------------------------------------------------------------------ Technology Integration Group 343198 1 10/100VG PCI Lan Adapter-6pk N/A 790.00 6pk - 31625,31626,31627,31628,31629,31630 - ------------------------------------------------------------------------------------------------------------------------------------ 31616 Technology Integration Group 342913 1 Tektronix Phaser 350"B" Color Printer B6C2732 4,895.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31618 Technology Integration Group 325904 1 HP Vectra VL Series 4 5/100 SUS62556102 2,000.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31631 Technology Integration Group 325904 1 HP 1024 LE/MM 15" Monitor KR54920156 485.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31632 Technology Integration Group 343841 1 32MB Upgrade for NEC Versa 4000 Series N/A 325.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31622 Technology Integration Group 352164 1 17" SONY Multi Sync Monitor S011076380B 690.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31609 Networks 2000 2163 1 Compaq Prosignia 300 5/150 Server D641BHG20712 3,532.62 - ------------------------------------------------------------------------------------------------------------------------------------ 31610 Networks 2000 2163 1 14" CTX Monitor 280-62107107 249.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31611 Networks 2000 2163 1 APC Backup 450 VA UPS WB9645112935 200.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31633 Networks 2000 2171 1 Digital Hinote Ultra II-Laptop Computer 8R64801030 5,494.93 - ------------------------------------------------------------------------------------------------------------------------------------ 31621 Networks 2000 2167 1 APCC 700 VA UPS WS9642023559 390.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31624,31623 Networks 2000 2167 2 Compaq 4.3 Gig SCSI Hard Drive N/A 1,375.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31612 Micron Electronics, Inc. 817146 1 Micron Computer ATO Model BOM 738091-0001 4,450.00 31613 w/Monitor G6HDD5158 - ------------------------------------------------------------------------------------------------------------------------------------ 31615 Micron Electronics, Inc. 836526 1 Micron Computer ATO Model BOM ###-###-#### 3,300.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31614 Digital Dimensions, Inc. 7390 1 Viewsonic 21" Monitor 0200 1000 4949 6208 2,060.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31634 Networks 2000 2181 1 CD-ROM Multimedia Kit for Laptop N/A 665.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31607 Orion Research, Inc. I-377089 1 290A Portable PH/ISE Meter 6832 690.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31606 VWR Scientific Products 15474110 1 Dataplate, KG Hot Plate/Stirrer 992961142736 666.00 - ------------------------------------------------------------------------------------------------------------------------------------ 31608 VWR Scientific Products 16097710 1 Dataplate, KG Hot Plate/Stirrer 992960258449 666.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22305 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22302 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22299 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22298 San Diego Office Interiors 962061-IN 1 Improv Management Chair-W/Arms N/A 338.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22307 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22306 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22304 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22303 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22300 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ 22301 San Diego Office Interiors 962061-IN 1 Improv Guest Chair W/ Sled Base N/A 209.00 - ------------------------------------------------------------------------------------------------------------------------------------ Total for 10787-09 Lease Management 38,059.55 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 101 Leasehold Management Services Schedule 01 Monthly Interest Rate = 1.221% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ---- ---- --------- -------- 47,191.91 1 $47,191.91 10/1/95 1,297.00 - 1,297.00 45,894.91 60,256.00 2 11/1/95 1,297.00 560.24 736.76 45,158.15 58,959.00 3 12/1/95 1,297.00 551.24 745.76 44,412.39 57,662.00 4 1/1/96 1,297.00 542.14 754.86 43,657.53 56,365.00 5 2/1/96 1,297.00 532.93 764.07 42,893.46 55,068.00 6 3/1/96 1,297.00 523.60 773.40 42,120.06 53,771.00 7 4/1/96 1,297.00 514.16 782.84 41,337.21 52,474.00 8 5/1/96 1,297.00 504.60 792.40 40,544.82 51,177.00 9 6/1/96 1,297.00 494.93 802.07 39,742.75 49,880.00 10 7/1/96 1,297.00 485.14 811.86 38,930.88 48,583.00 11 8/1/96 1,297.00 475.23 821.77 38,109.11 47,286.00 12 9/1/96 1,297.00 465.20 831.80 37,277.31 45,989.00 13 10/1/96 1,297.00 455.04 841.96 36,435.35 44,692.00 14 11/1/96 1,297.00 444.77 852.23 35,583.12 43,395.00 15 12/1/96 1,297.00 434.36 862.64 34,720.48 42,098.00 16 1/1/97 1,297.00 423.83 873.17 33,847.31 40,801.00 17 2/1/97 1,297.00 413.17 883.83 32,963.48 39,504.00 18 3/1/97 1,297.00 402.38 894.62 32,068.87 38,207.00 19 4/1/97 1,297.00 391.46 905.54 31,163.33 36,910.00 20 5/1/97 1,297.00 380.41 916.59 30,246.74 35,613.00 21 6/1/97 1,297.00 369.22 927.78 29,318.96 34,316.00 22 7/1/97 1,297.00 357.90 939.10 28,379.86 33,019.00 23 8/1/97 1,297.00 346.43 950.57 27,429.29 31,722.00 24 9/1/97 1,297.00 334.83 962.17 26,467.12 30,425.00 25 10/1/97 1,297.00 323.08 973.92 25,493.20 29,128.00 26 11/1/97 1,297.00 311.19 985.81 24,507.39 27,831.00 27 12/1/97 1,297.00 299.16 997.84 23,509.56 26,534.00 28 1/1/98 1,297.00 286.98 1,010.02 22,499.54 25,237.00 29 2/1/98 1,297.00 274.65 1,022.35 21,477.19 23,940.00 30 3/1/98 1,297.00 262.17 1,034.83 20,442.36 22,643.00 31 4/1/98 1,297.00 249.54 1,047.46 19,394.90 21,346.00 32 5/1/98 1,297.00 236.75 1,060.25 18,334.65 20,049.00 33 6/1/98 1,297.00 223.81 1,073.19 17,261.46 18,752.00 34 7/1/98 1,297.00 210.71 1,086.29 16,175.17 17,455.00 35 8/1/98 1,297.00 197.45 1,099.55 15,075.62 16,158.00 36 9/1/98 1,297.00 184.03 1,112.97 13,962.65 14,861.00 37 10/1/98 1,297.00 170.44 1,126.56 12,836.09 13,564.00 38 11/1/98 1,297.00 156.69 1,140.31 11,695.78 12,267.00 39 12/1/98 1,297.00 142.77 1,154.23 10,541.55 10,970.00 40 1/1/99 1,297.00 128.68 1,168.32 9,373.23 9,673.00 41 2/1/99 1,297.00 114.42 1,182.58 8,190.65 8,376.00 42 3/1/99 1,297.00 99.98 1,197.02 6,993.63 7,079.00 43 4/1/99 7,079.00 85.37 6,993.63 0.00 -
102 Leasehold Management Services Schedule 02 Monthly Interest Rate = 1.220% Amortization schedule
PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT INTEREST PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ------------- ---- --------- -------- 56,437.03 1 $56,437.03 12/1/95 1,551.00 - 1,551.00 54,886.03 72,057.00 2 1/1/96 1,551.00 669.86 881.14 54,004.89 70,506.00 3 2/1/96 1,551.00 659.10 891.90 53,112.99 68,955.00 4 3/1/96 1,551.00 648.22 902.78 52,210.21 67,404.00 5 4/1/96 1,551.00 637.20 913.80 51,296.41 65,853.00 6 5/1/96 1,551.00 626.05 924.95 50,371.46 64,302.00 7 6/1/96 1,551.00 614.76 936.24 49,435.22 62,751.00 8 7/1/96 1,551.00 603.33 947.67 48,487.56 61,200.00 9 8/1/96 1,551.00 591.77 959.23 47,528.33 59,649.00 10 9/1/96 1,551.00 580.06 970.94 46,557.39 58,098.00 11 10/1/96 1,551.00 568.21 982.79 45,574.60 56,547.00 12 11/1/96 1,551.00 556.22 994.78 44,579.82 54,996.00 13 12/1/96 1,551.00 544.08 1,006.92 43,572.89 53,445.00 14 1/1/97 1,551.00 531.79 1,019.21 42,553.68 51,894.00 15 2/1/97 1,551.00 519.35 1,031.65 41,522.03 50,343.00 16 3/1/97 1,551.00 506.76 1,044.24 40,477.78 48,792.00 17 4/1/97 1,551.00 494.01 1,056.99 39,420.80 47,241.00 18 5/1/97 1,551.00 481.11 1,069.89 38,350.91 45,690.00 19 6/1/97 1,551.00 468.06 1,082.94 37,267.97 44,139.00 20 7/1/97 1,551.00 454.84 1,096.16 36,171.80 42,588.00 21 8/1/97 1,551.00 441.46 1,109.54 35,062.26 41,037.00 22 9/1/97 1,551.00 427.92 1,123.08 33,939.18 39,486.00 23 10/1/97 1,551.00 414.21 1,136.79 32,802.39 37,935.00 24 11/1/97 1,551.00 400.34 1,150.66 31,651.73 36,384.00 25 12/1/97 1,551.00 386.29 1,164.71 30,487.03 34,833.00 26 1/1/98 1,551.00 372.08 1,178.92 29,308.11 33,282.00 27 2/1/98 1,551.00 357.69 1,193.31 28,114.80 31,731.00 28 3/1/98 1,551.00 343.13 1,207.87 26,906.93 30,180.00 29 4/1/98 1,551.00 328.39 1,222.61 25,684.31 28,629.00 30 5/1/98 1,551.00 313.47 1,237.53 24,446.78 27,078.00 31 6/1/98 1,551.00 298.36 1,252.64 23,194.14 25,527.00 32 7/1/98 1,551.00 283.07 1,267.93 21,926.22 23,976.00 33 8/1/98 1,551.00 267.60 1,283.40 20,642.81 22,425.00 34 9/1/98 1,551.00 251.94 1,299.06 19,343.75 20,874.00 35 10/1/98 1,551.00 236.08 1,314.92 18,028.83 19,323.00 36 11/1/98 1,551.00 220.03 1,330.97 16,697.87 17,772.00 37 12/1/98 1,551.00 203.79 1,347.21 15,350.66 16,221.00 38 1/1/99 1,551.00 187.35 1,363.65 13,987.00 14,670.00 39 2/1/99 1,551.00 170.70 1,380.30 12,606.71 13,119.00 40 3/1/99 1,551.00 153.86 1,397.14 11,209.57 11,568.00 41 4/1/99 1,551.00 136.81 1,414.19 9,795.38 10,017.00 42 5/1/99 1,551.00 119.55 1,431.45 8,363.92 8,466.00 43 6/1/99 8,466.00 102.08 8,363.92 0.00 -
103 Leasehold Management Services Schedule 03 Monthly Interest Rate = 1.194% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- -------- --------- --------- --------- 105,426.86 1 $105,426.86 1/1/96 2,880.00 - 2,880.00 102,546.86 133,894.00 2 2/1/96 2,880.00 1,224.35 1,655.65 100,891.21 131,014.00 3 3/1/96 2,880.00 1,204.58 1,675.42 99,215.79 128,134.00 4 4/1/96 2,880.00 1,184.58 1,695.42 97,520.37 125,254.00 5 5/1/96 2,880.00 1,164.34 1,715.66 95,804.70 122,374.00 6 6/1/96 2,880.00 1,143.85 1,736.15 94,068.55 119,494.00 7 7/1/96 2,880.00 1,123.12 1,756.88 92,311.68 116,614.00 8 8/1/96 2,880.00 1,102.15 1,777.85 90,533.82 113,734.00 9 9/1/96 2,880.00 1,080.92 1,799.08 88,734.74 110,854.00 10 10/1/96 2,880.00 1,059.44 1,820.56 86,914.18 107,974.00 11 11/1/96 2,880.00 1,037.70 1,842.30 85,071.89 105,094.00 12 12/1/96 2,880.00 1,015.71 1,864.29 83,207.59 102,214.00 13 1/1/97 2,880.00 993.45 1,886.55 81,321.04 99,334.00 14 2/1/97 2,880.00 970.92 1,909.08 79,411.97 96,454.00 15 3/1/97 2,880.00 948.13 1,931.87 77,480.10 93,574.00 16 4/1/97 2,880.00 925.07 1,954.93 75,525.17 90,694.00 17 5/1/97 2,880.00 901.73 1,978.27 73,546.89 87,814.00 18 6/1/97 2,880.00 878.11 2,001.89 71,545.00 84,934.00 19 7/1/97 2,880.00 854.20 2,025.80 69,519.20 82,054.00 20 8/1/97 2,880.00 830.02 2,049.98 67,469.22 79,174.00 21 9/1/97 2,880.00 805.54 2,074.46 65,394.76 76,294.00 22 10/1/97 2,880.00 780.77 2,099.23 63,295.54 73,414.00 23 11/1/97 2,880.00 755.71 2,124.29 61,171.25 70,534.00 24 12/1/97 2,880.00 730.35 2,149.65 59,021.60 67,654.00 25 1/1/98 2,880.00 704.68 2,175.32 56,846.28 64,774.00 26 2/1/98 2,880.00 678.71 2,201.29 54,644.99 61,894.00 27 3/1/98 2,880.00 652.43 2,227.57 52,417.42 59,014.00 28 4/1/98 2,880.00 625.83 2,254.17 50,163.25 56,134.00 29 5/1/98 2,880.00 598.92 2,281.08 47,882.17 53,254.00 30 6/1/98 2,880.00 571.68 2,308.32 45,573.86 50,374.00 31 7/1/98 2,880.00 544.12 2,335.88 43,237.98 47,494.00 32 8/1/98 2,880.00 516.24 2,363.76 40,874.22 44,614.00 33 9/1/98 2,880.00 488.01 2,391.99 38,482.23 41,734.00 34 10/1/98 2,880.00 459.45 2,420.55 36,061.69 38,854.00 35 11/1/98 2,880.00 430.56 2,449.44 33,612.24 35,974.00 36 12/1/98 2,880.00 401.31 2,478.69 31,133.55 33,094.00 37 1/1/99 2,880.00 371.72 2,508.28 28,625.27 30,214.00 38 2/1/99 2,880.00 341.77 2,538.23 26,087.04 27,334.00 39 3/1/99 2,880.00 311.46 2,568.54 23,518.50 24,454.00 40 4/1/99 2,880.00 280.80 2,599.20 20,919.30 21,574.00 41 5/1/99 2,880.00 249.76 2,630.24 18,289.06 18,694.00 42 6/1/99 2,880.00 218.36 2,661.64 15,627.42 15,814.00 43 7/1/99 15,814.00 186.58 15,627.42 0.00 -
104 Leasehold Management Services Schedule 04 Monthly Interest Rate = 1.193% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ---- ---- --------- -------- 138,474.53 1 $138,474.53 1/1/96 4,161.00 - 4,161.00 134,313.53 170,602.00 2 2/1/96 4,161.00 1,601.89 2,559.11 131,754.42 166,441.00 3 3/1/96 4,161.00 1,571.37 2,589.63 129,164.80 162,280.00 4 4/1/96 4,161.00 1,540.49 2,620.51 126,544.29 158,119.00 5 5/1/96 4,161.00 1,509.23 2,651.77 123,892.52 153,958.00 6 6/1/96 4,161.00 1,477.61 2,683.39 121,209.13 149,797.00 7 7/1/96 4,161.00 1,445.60 2,715.40 118,493.73 145,636.00 8 8/1/96 4,161.00 1,413.22 2,747.78 115,745.95 141,475.00 9 9/1/96 4,161.00 1,380.45 2,780.55 112,965.40 137,314.00 10 10/1/96 4,161.00 1,347.29 2,813.71 110,151.68 133,153.00 11 11/1/96 4,161.00 1,313.73 2,847.27 107,304.41 128,992.00 12 12/1/96 4,161.00 1,279.77 2,881.23 104,423.18 124,831.00 13 1/1/97 4,161.00 1,245.41 2,915.59 101,507.59 120,670.00 14 2/1/97 4,161.00 1,210.63 2,950.37 98,557.22 116,509.00 15 3/1/97 4,161.00 1,175.45 2,985.55 95,571.67 112,348.00 16 4/1/97 4,161.00 1,139.84 3,021.16 92,550.50 108,187.00 17 5/1/97 4,161.00 1,103.81 3,057.19 89,493.31 104,026.00 18 6/1/97 4,161.00 1,067.34 3,093.66 86,399.65 99,865.00 19 7/1/97 4,161.00 1,030.45 3,130.55 83,269.10 95,704.00 20 8/1/97 4,161.00 993.11 3,167.89 80,101.21 91,543.00 21 9/1/97 4,161.00 955.33 3,205.67 76,895.54 87,382.00 22 10/1/97 4,161.00 917.10 3,243.90 73,651.64 83,221.00 23 11/1/97 4,161.00 878.41 3,282.59 70,369.05 79,060.00 24 12/1/97 4,161.00 839.26 3,321.74 67,047.31 74,899.00 25 1/1/98 4,161.00 799.64 3,361.36 63,685.95 70,738.00 26 2/1/98 4,161.00 759.55 3,401.45 60,284.50 66,577.00 27 3/1/98 4,161.00 718.98 3,442.02 56,842.49 62,416.00 28 4/1/98 4,161.00 677.93 3,483.07 53,359.42 58,255.00 29 5/1/98 4,161.00 636.39 3,524.61 49,834.81 54,094.00 30 6/1/98 4,161.00 594.36 3,566.64 46,268.17 49,933.00 31 7/1/98 4,161.00 551.82 3,609.18 42,658.99 45,772.00 32 8/1/98 4,161.00 508.77 3,652.23 39,006.76 41,611.00 33 9/1/98 4,161.00 465.22 3,695.78 35,310.98 37,450.00 34 10/1/98 4,161.00 421.14 3,739.86 31,571.11 33,289.00 35 11/1/98 4,161.00 376.53 3,784.47 27,786.65 29,128.00 36 12/1/98 4,161.00 331.40 3,829.60 23,957.05 24,967.00 37 1/1/99 4,161.00 285.72 3,875.28 20,081.77 20,806.00 38 2/1/99 4,161.00 239.51 3,921.49 16,160.28 16,645.00 39 3/1/99 4,161.00 192.74 3,968.26 12,192.01 12,484.00 40 4/1/99 4,161.00 145.41 4,015.59 8,176.42 8,323.00 41 5/1/99 4,161.00 97.52 4,063.48 4,112.94 4,162.00 42 6/1/99 4,161.00 49.05 4,111.95 0.99 1.00 43 7/1/99 1.00 0.01 0.99 0.00
105 Leasehold Management Services Schedule 05 Monthly Interest Rate = 1.195% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ---- ---- --------- -------- 27,156.20 1 $27,156.20 3/1/96 742.00 - 742.00 26,414.20 34,495.00 2 4/1/96 742.00 315.61 426.39 25,987.81 33,753.00 3 5/1/96 742.00 310.51 431.49 25,556.32 33,011.00 4 6/1/96 742.00 305.36 436.64 25,119.68 32,269.00 5 7/1/96 742.00 300.14 441.86 24,677.82 31,527.00 6 8/1/96 742.00 294.86 447.14 24,230.68 30,785.00 7 9/1/96 742.00 289.52 452.48 23,778.20 30,043.00 8 10/1/96 742.00 284.11 457.89 23,320.32 29,301.00 9 11/1/96 742.00 278.64 463.36 22,856.96 28,559.00 10 12/1/96 742.00 273.11 468.89 22,388.06 27,817.00 11 1/1/97 742.00 267.50 474.50 21,913.57 27,075.00 12 2/1/97 742.00 261.83 480.17 21,433.40 26,333.00 13 3/1/97 742.00 256.10 485.90 20,947.49 25,591.00 14 4/1/97 742.00 250.29 491.71 20,455.78 24,849.00 15 5/1/97 742.00 244.41 497.59 19,958.20 24,107.00 16 6/1/97 742.00 238.47 503.53 19,454.67 23,365.00 17 7/1/97 742.00 232.45 509.55 18,945.12 22,623.00 18 8/1/97 742.00 226.36 515.64 18,429.49 21,881.00 19 9/1/97 742.00 220.20 521.80 17,907.69 21,139.00 20 10/1/97 742.00 213.97 528.03 17,379.66 20,397.00 21 11/1/97 742.00 207.66 534.34 16,845.32 19,655.00 22 12/1/97 742.00 201.28 540.72 16,304.60 18,913.00 23 1/1/98 742.00 194.81 547.19 15,757.41 18,171.00 24 2/1/98 742.00 188.28 553.72 15,203.69 17,429.00 25 3/1/98 742.00 181.66 560.34 14,643.35 16,687.00 26 4/1/98 742.00 174.97 567.03 14,076.31 15,945.00 27 5/1/98 742.00 168.19 573.81 13,502.50 15,203.00 28 6/1/98 742.00 161.33 580.67 12,921.84 14,461.00 29 7/1/98 742.00 154.40 587.60 12,334.23 13,719.00 30 8/1/98 742.00 147.37 594.63 11,739.61 12,977.00 31 9/1/98 742.00 140.27 601.73 11,137.88 12,235.00 32 10/1/98 742.00 133.08 608.92 10,528.96 11,493.00 33 11/1/98 742.00 125.80 616.20 9,912.76 10,751.00 34 12/1/98 742.00 118.44 623.56 9,289.20 10,009.00 35 1/1/99 742.00 110.99 631.01 8,658.20 9,267.00 36 2/1/99 742.00 103.45 638.55 8,019.65 8,525.00 37 3/1/99 742.00 95.82 646.18 7,373.47 7,783.00 38 4/1/99 742.00 88.10 653.90 6,719.57 7,041.00 39 5/1/99 742.00 80.29 661.71 6,057.86 6,299.00 40 6/1/99 742.00 72.38 669.62 5,388.24 5,557.00 41 7/1/99 742.00 64.38 677.62 4,710.62 4,815.00 42 8/1/99 742.00 56.28 685.72 4,024.91 4,073.00 43 9/1/99 4,073.00 48.09 4,024.91 0.00
106 Leasehold Management Services Schedule 06 Monthly Interest Rate = 1.242% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- --------- ---- ---- --------- -------- 84,264.82 1 $84,264.82 8/1/96 2,327.00 - 2,327.00 81,937.82 108,047.00 2 9/1/96 2,327.00 1,017.58 1,309.42 80,628.40 105,720.00 3 10/1/96 2,327.00 1,001.31 1,325.69 79,302.71 103,393.00 4 11/1/96 2,327.00 984.85 1,342.15 77,960.56 101,066.00 5 12/1/96 2,327.00 968.18 1,358.82 76,601.74 98,739.00 6 1/1/97 2,327.00 951.31 1,375.69 75,226.05 96,412.00 7 2/1/97 2,327.00 934.22 1,392.78 73,833.27 94,085.00 8 3/1/97 2,327.00 916.93 1,410.07 72,423.20 91,758.00 9 4/1/97 2,327.00 899.41 1,427.59 70,995.61 89,431.00 10 5/1/97 2,327.00 881.69 1,445.31 69,550.30 87,104.00 11 6/1/97 2,327.00 863.74 1,463.26 68,087.04 84,777.00 12 7/1/97 2,327.00 845.56 1,481.44 66,605.60 82,450.00 13 8/1/97 2,327.00 827.17 1,499.83 65,105.77 80,123.00 14 9/1/97 2,327.00 808.54 1,518.46 63,587.31 77,796.00 15 10/1/97 2,327.00 789.68 1,537.32 62,049.99 75,469.00 16 11/1/97 2,327.00 770.59 1,556.41 60,493.58 73,142.00 17 12/1/97 2,327.00 751.26 1,575.74 58,917.84 70,815.00 18 1/1/98 2,327.00 731.69 1,595.31 57,322.54 68,488.00 19 2/1/98 2,327.00 711.88 1,615.12 55,707.42 66,161.00 20 3/1/98 2,327.00 691.82 1,635.18 54,072.24 63,834.00 21 4/1/98 2,327.00 671.52 1,655.48 52,416.76 61,507.00 22 5/1/98 2,327.00 650.96 1,676.04 50,740.72 59,180.00 23 6/1/98 2,327.00 630.14 1,696.86 49,043.86 56,853.00 24 7/1/98 2,327.00 609.07 1,717.93 47,325.93 54,526.00 25 8/1/98 2,327.00 587.73 1,739.27 45,586.66 52,199.00 26 9/1/98 2,327.00 566.14 1,760.86 43,825.80 49,872.00 27 10/1/98 2,327.00 544.27 1,782.73 42,043.06 47,545.00 28 11/1/98 2,327.00 522.13 1,804.87 40,238.19 45,218.00 29 12/1/98 2,327.00 499.71 1,827.29 38,410.90 42,891.00 30 1/1/99 2,327.00 477.02 1,849.98 36,560.92 40,564.00 31 2/1/99 2,327.00 454.05 1,872.95 34,687.97 38,237.00 32 3/1/99 2,327.00 430.79 1,896.21 32,791.76 35,910.00 33 4/1/99 2,327.00 407.24 1,919.76 30,871.99 33,583.00 34 5/1/99 2,327.00 383.40 1,943.60 28,928.39 31,256.00 35 6/1/99 2,327.00 359.26 1,967.74 26,960.65 28,929.00 36 7/1/99 2,327.00 334.82 1,992.18 24,968.47 26,602.00 37 8/1/99 2,327.00 310.08 2,016.92 22,951.55 24,275.00 38 9/1/99 2,327.00 285.03 2,041.97 20,909.58 21,948.00 39 10/1/99 2,327.00 259.67 2,067.33 18,842.25 19,621.00 40 11/1/99 2,327.00 234.00 2,093.00 16,749.25 17,294.00 41 12/1/99 2,327.00 208.01 2,118.99 14,630.26 14,967.00 42 1/1/00 2,327.00 181.69 2,145.31 12,484.95 12,640.00 43 2/1/00 12,640.00 155.05 12,484.95 0.00
107 Leasehold Management Services Schedule 07 Monthly Interest Rate = 1.238% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- --------- ---- ---- --------- -------- 85,416.00 1 $85,416.00 10/1/96 2,357.00 - 2,357.00 83,059.00 109,449.00 2 11/1/96 2,357.00 1,028.68 1,328.32 81,730.68 107,092.00 3 12/1/96 2,357.00 1,012.23 1,344.77 80,385.91 104,735.00 4 1/1/97 2,357.00 995.58 1,361.42 79,024.49 102,378.00 5 2/1/97 2,357.00 978.72 1,378.28 77,646.21 100,021.00 6 3/1/97 2,357.00 961.65 1,395.35 76,250.85 97,664.00 7 4/1/97 2,357.00 944.36 1,412.64 74,838.21 95,307.00 8 5/1/97 2,357.00 926.87 1,430.13 73,408.08 92,950.00 9 6/1/97 2,357.00 909.16 1,447.84 71,960.24 90,593.00 10 7/1/97 2,357.00 891.22 1,465.78 70,494.46 88,236.00 11 8/1/97 2,357.00 873.07 1,483.93 69,010.53 85,879.00 12 9/1/97 2,357.00 854.69 1,502.31 67,508.23 83,522.00 13 10/1/97 2,357.00 836.09 1,520.91 65,987.31 81,165.00 14 11/1/97 2,357.00 817.25 1,539.75 64,447.56 78,808.00 15 12/1/97 2,357.00 798.18 1,558.82 62,888.75 76,451.00 16 1/1/98 2,357.00 778.87 1,578.13 61,310.62 74,094.00 17 2/1/98 2,357.00 759.33 1,597.67 59,712.95 71,737.00 18 3/1/98 2,357.00 739.54 1,617.46 58,095.49 69,380.00 19 4/1/98 2,357.00 719.51 1,637.49 56,458.00 67,023.00 20 5/1/98 2,357.00 699.23 1,657.77 54,800.23 64,666.00 21 6/1/98 2,357.00 678.70 1,678.30 53,121.93 62,309.00 22 7/1/98 2,357.00 657.91 1,699.09 51,422.84 59,952.00 23 8/1/98 2,357.00 636.87 1,720.13 49,702.71 57,595.00 24 9/1/98 2,357.00 615.57 1,741.43 47,961.28 55,238.00 25 10/1/98 2,357.00 594.00 1,763.00 46,198.28 52,881.00 26 11/1/98 2,357.00 572.16 1,784.84 44,413.44 50,524.00 27 12/1/98 2,357.00 550.06 1,806.94 42,606.50 48,167.00 28 1/1/99 2,357.00 527.68 1,829.32 40,777.18 45,810.00 29 2/1/99 2,357.00 505.02 1,851.98 38,925.21 43,453.00 30 3/1/99 2,357.00 482.09 1,874.91 37,050.29 41,096.00 31 4/1/99 2,357.00 458.87 1,898.13 35,152.16 38,739.00 32 5/1/99 2,357.00 435.36 1,921.64 33,230.52 36,382.00 33 6/1/99 2,357.00 411.56 1,945.44 31,285.08 34,025.00 34 7/1/99 2,357.00 387.46 1,969.54 29,315.54 31,668.00 35 8/1/99 2,357.00 363.07 1,993.93 27,321.61 29,311.00 36 9/1/99 2,357.00 338.38 2,018.62 25,302.99 26,954.00 37 10/1/99 2,357.00 313.38 2,043.62 23,259.37 24,597.00 38 11/1/99 2,357.00 288.07 2,068.93 21,190.43 22,240.00 39 12/1/99 2,357.00 262.44 2,094.56 19,095.87 19,883.00 40 1/1/00 2,357.00 236.50 2,120.50 16,975.38 17,526.00 41 2/1/00 2,357.00 210.24 2,146.76 14,828.62 15,169.00 42 3/1/00 2,357.00 183.65 2,173.35 12,655.27 12,812.00 43 4/1/00 12,812.00 156.73 12,655.27 0.00
108 Leasehold Management Services Schedule 08 Monthly Interest Rate = 1.220% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ---- ---- --------- -------- 48,249.85 1 $48,249.85 12/1/96 1,326.00 - 1,326.00 46,923.85 61,603.00 2 1/1/97 1,326.00 572.66 753.34 46,170.51 60,277.00 3 2/1/97 1,326.00 563.47 762.53 45,407.97 58,951.00 4 3/1/97 1,326.00 554.16 771.84 44,636.13 57,625.00 5 4/1/97 1,326.00 544.74 781.26 43,854.87 56,299.00 6 5/1/97 1,326.00 535.21 790.79 43,064.08 54,973.00 7 6/1/97 1,326.00 525.55 800.45 42,263.63 53,647.00 8 7/1/97 1,326.00 515.79 810.21 41,453.42 52,321.00 9 8/1/97 1,326.00 505.90 820.10 40,633.32 50,995.00 10 9/1/97 1,326.00 495.89 830.11 39,803.21 49,669.00 11 10/1/97 1,326.00 485.76 840.24 38,962.97 48,343.00 12 11/1/97 1,326.00 475.50 850.50 38,112.47 47,017.00 13 12/1/97 1,326.00 465.13 860.87 37,251.60 45,691.00 14 1/1/98 1,326.00 454.62 871.38 36,380.21 44,365.00 15 2/1/98 1,326.00 443.98 882.02 35,498.20 43,039.00 16 3/1/98 1,326.00 433.22 892.78 34,605.42 41,713.00 17 4/1/98 1,326.00 422.32 903.68 33,701.74 40,387.00 18 5/1/98 1,326.00 411.30 914.70 32,787.04 39,061.00 19 6/1/98 1,326.00 400.13 925.87 31,861.17 37,735.00 20 7/1/98 1,326.00 388.83 937.17 30,924.01 36,409.00 21 8/1/98 1,326.00 377.40 948.60 29,975.41 35,083.00 22 9/1/98 1,326.00 365.82 960.18 29,015.23 33,757.00 23 10/1/98 1,326.00 354.10 971.90 28,043.33 32,431.00 24 11/1/98 1,326.00 342.24 983.76 27,059.57 31,105.00 25 12/1/98 1,326.00 330.24 995.76 26,063.80 29,779.00 26 1/1/99 1,326.00 318.08 1,007.92 25,055.89 28,453.00 27 2/1/99 1,326.00 305.78 1,020.22 24,035.67 27,127.00 28 3/1/99 1,326.00 293.33 1,032.67 23,003.00 25,801.00 29 4/1/99 1,326.00 280.73 1,045.27 21,957.73 24,475.00 30 5/1/99 1,326.00 267.97 1,058.03 20,899.70 23,149.00 31 6/1/99 1,326.00 255.06 1,070.94 19,828.76 21,823.00 32 7/1/99 1,326.00 241.99 1,084.01 18,744.75 20,497.00 33 8/1/99 1,326.00 228.76 1,097.24 17,647.51 19,171.00 34 9/1/99 1,326.00 215.37 1,110.63 16,536.88 17,845.00 35 10/1/99 1,326.00 201.82 1,124.18 15,412.70 16,519.00 36 11/1/99 1,326.00 188.10 1,137.90 14,274.80 15,193.00 37 12/1/99 1,326.00 174.21 1,151.79 13,123.01 13,867.00 38 1/1/00 1,326.00 160.15 1,165.85 11,957.16 12,541.00 39 2/1/00 1,326.00 145.93 1,180.07 10,777.09 11,215.00 40 3/1/00 1,326.00 131.52 1,194.48 9,582.61 9889.00 41 4/1/00 1,326.00 116.95 1,209.05 8,373.56 8,563.00 42 5/1/00 1,326.00 102.19 1,223.81 7,149.75 7,237.00 43 6/1/00 7,237.00 87.26 7,149.74 0.00 -
109 Leasehold Management Services Schedule 09 Monthly Interest Rate = 1.225% Amortization schedule
INTEREST PRINCIPAL REMAINING REMAINING PAYMENT # BORROWINGS DATE PAYMENT PAID PAID PRINCIPAL PAYMENTS - --------- ---------- ---- ------- ---- ---- --------- -------- 38,059.55 1 $38,059.55 3/1/97 1,047.00 - 1,047.00 37,012.55 48,636.00 2 4/1/97 1,047.00 453.36 593.64 36,418.91 47,589.00 3 5/1/97 1,047.00 446.08 600.92 35,817.99 46,542.00 4 6/1/97 1,047.00 438.72 608.28 35,209.72 45,495.00 5 7/1/97 1,047.00 431.27 615.73 34,593.99 44,448.00 6 8/1/97 1,047.00 423.73 623.27 33,970.72 43,401.00 7 9/1/97 1,047.00 416.10 630.90 33,339.82 42,354.00 8 10/1/97 1,047.00 408.37 638.63 32,701.19 41,307.00 9 11/1/97 1,047.00 400.55 646.45 32,054.74 40,260.00 10 12/1/97 1,047.00 392.63 654.37 31,400.37 39,213.00 11 1/1/98 1,047.00 384.61 662.39 30,737.98 38,166.00 12 2/1/98 1,047.00 376.50 670.50 30,067.48 37,119.00 13 3/1/98 1,047.00 368.29 678.71 29,388.77 36,072.00 14 4/1/98 1,047.00 359.97 687.03 28,701.74 35,025.00 15 5/1/98 1,047.00 351.56 695.44 28,006.30 33,978.00 16 6/1/98 1,047.00 343.04 703.96 27,302.34 32,931.00 17 7/1/98 1,047.00 334.42 712.58 26,589.76 31,884.00 18 8/1/98 1,047.00 325.69 721.31 25,868.45 30,837.00 19 9/1/98 1,047.00 316.86 730.14 25,138.31 29,790.00 20 10/1/98 1,047.00 307.91 739.09 24,399.22 28,743.00 21 11/1/98 1,047.00 298.86 748.14 23,651.08 27,696.00 22 12/1/98 1,047.00 289.70 757.30 22,893.78 26,649.00 23 1/1/99 1,047.00 280.42 766.58 22,127.20 25,602.00 24 2/1/99 1,047.00 271.03 775.97 21,351.22 24,555.00 25 3/1/99 1,047.00 261.53 785.47 20,565.75 23,508.00 26 4/1/99 1,047.00 251.90 795.10 19,770.65 22,461.00 27 5/1/99 1,047.00 242.17 804.83 18,965.82 21,414.00 28 6/1/99 1,047.00 232.31 814.69 18,151.13 20,367.00 29 7/1/99 1,047.00 222.33 824.67 17,326.45 19,320.00 30 8/1/99 1,047.00 212.23 834.77 16,491.68 18,273.00 31 9/1/99 1,047.00 202.00 845.00 15,646.68 17,226.00 32 10/1/99 1,047.00 191.65 855.35 14,791.33 16,179.00 33 11/1/99 1,047.00 181.17 865.83 13,925.51 15,132.00 34 12/1/99 1,047.00 170.57 876.43 13,049.08 14,085.00 35 1/1/00 1,047.00 159.83 887.17 12,161.91 13,038.00 36 2/1/00 1,047.00 148.97 898.03 11,263.88 11,991.00 37 3/1/00 1,047.00 137.97 909.03 10,354.85 10,944.00 38 4/1/00 1,047.00 126.83 920.17 9,434.68 9,897.00 39 5/1/00 1,047.00 115.56 931.44 8,503.25 8,850.00 40 6/1/00 1,047.00 104.15 942.85 7,560.40 7,803.00 41 7/1/00 1,047.00 92.61 954.39 6,606.00 6,756.00 42 8/1/00 1,047.00 80.92 966.08 5,639.92 5,709.00 43 9/1/00 5,709.00 69.08 5,639.92 0.00