Lease No. 10, entered into August 20, 2019, is an attachment to Master Lease No. 2017389 dated August 15, 2017 by and between First American Commercial Bancorp, Inc. and SigmaTron International, Inc
Exhibit 10.1
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| EQUIPMENT SCHEDULE No. 10 |
| Lessee: SIGMATRON INTERNATIONAL, INC.
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| Street Address: 2201 Landmeier Road
| City: Elk Grove Village | State: IL | County: Cook | Zip: 60007 |
| Contact: Michelle Laguna | Telephone: (847) 640-4397
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| Equipment Location: Calle Hacienda del Colorado No. 21603 T-1, Parque Industrial Presidentes, Tijuana, Mexico 22215
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| Please see attached “Exhibit A” for Equipment Description |
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| This Equipment Schedule No. 10 dated August 20, 2019 (“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
42 Months | Lessee shall pay Lessor a nonrefundable advance rental payment in the amount of $9,819.77 which is applied to the last payment due under the Lease. Billing is monthly.
| Monthly Rental Payment
$9,819.77, 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/ Mike Bennett | ||
| Name: Linda Frauendorfer
| Name: Mike Bennett | ||
| Title: Chief Financial Officer | Date: August 19. 2019 | Title: Vice President | Date: August 20, 2019
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