Equipment Lease Schedule No. 05 between First American Commercial Bancorp, Inc. and SigmaTron International, Inc.
This agreement is an equipment lease schedule between First American Commercial Bancorp, Inc. (Lessor) and SigmaTron International, Inc. (Lessee), dated March 15, 2018. It covers the lease of specific equipment, including a Fuji Aimex II S Mounter Machine and an Agilent 3070 Module, for a term of 48 months. SigmaTron agrees to pay a monthly rental of $10,839.74 plus taxes, with an advance payment applied to the final installment. The terms of this schedule override any conflicting terms in the master lease signed previously by both parties.
Exhibit 10.45
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| EQUIPMENT SCHEDULE No. 05 |
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| Lessee SIGMATRON INTERNATIONAL, INC. | Equipment Location SigmaTron International, Inc.
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| Street Address 2201 Landmeier Road
| Street Address 3000 Eigenbrodt Way | |||||||
| City Elk Grove Village
| State IL | County Cook | Zip Code 60007 | City Union City
| State CA
| County Alameda
| Zip Code 94587
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| Contact Michelle Laguna
| Telephone (847) 640-4397 | Contact Michelle Laguna | Telephone (847) 640-4397 | |||||
| Quantity | Description |
| 1 | Fuji Aimex II S Mounter Machine including Nozzles and Assessories |
| | Serial Number: SE0125934 |
| 1 | AGILENT 3070 Module Addition (Item No. AGILENT Module) including (9) DDHybrid Cards, ASRU C, (3) |
| | Control XT, MPU, 6624A DUT with Cable, and Dual-Boot Windows Controller |
| | Serial Number: US38240594 |
| 1 | Sales Tax |
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| This Equipment Schedule No. 05 dated March 15, 2018 (“Equipment Schedule”) incorporates the terms and conditions of that certain Master Lease No. 2017389 dated August 15, 2017 (“Master Lease”) by and between FIRST AMERICAN COMMERCIAL BANCORP, INC. (“Lessor”) and SIGMATRON INTERNATIONAL, INC. (“Lessee”) (the Equipment Schedule and Master Lease as incorporated therein, the “Lease”). Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the above-described items of Equipment for the Lease Term and on terms and conditions set forth herein. In the event of any conflict between the terms of the Master Lease and the terms of this Equipment Schedule, the terms of this Equipment Schedule shall prevail.
If applicable, for purposes of this Equipment Schedule and all ancillary documents, the terms defined in the Master Lease as “Delivery Order and Acceptance Certificate” and “Authorization Date” are hereby revised to be “Delivery and Acceptance Certificate” and “Acceptance Date,” respectively. |
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| Base Lease Term 48 Months | Lessee shall pay Lessor a nonrefundable advance rental payment in the amount of $10,839.74 which is applied to the last payment due under the Lease. Billing is monthly.
| Monthly Rental Payment $10,839.74 plus applicable taxes |
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| Accepted by Lessee SIGMATRON INTERNATIONAL, INC. | Accepted by Lessor FIRST AMERICAN COMMERCIAL BANCORP, INC. | ||
| By /s/ Linda K. Frauendorfer | By /s/ Daniel Wallenhorst | ||
| Name Linda Frauendorfer
| Name Daniel Wallenhorst | ||
| Title Chief Financial Officer
| Date March 14, 2018 | Title Vice President | Date March 15, 2018 |
