Collateral Security Agreement between Actrade Capital, Inc. and Xetel Corporation (November 1, 2001)

Contract Categories: Business Finance › Security Agreements
Summary

This agreement is between Actrade Capital, Inc. and Xetel Corporation. Xetel, having defaulted on certain payment obligations, agrees to provide Actrade with office equipment and furniture as collateral to secure restructured payment terms for outstanding debts. Xetel must pay an initial sum by November 26, 2001, and the remaining balance by January 23, 2002. If Xetel defaults, Actrade can enforce its rights to the collateral. The agreement is governed by New York law and outlines both parties' rights and obligations regarding the collateral and repayment.

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EX-10.20 3 d92300ex10-20.txt COLLATERAL SECURITY AGREEMENT EXHIBIT 10.20 COLLATERAL SECURITY AGREEMENT AGREEMENT, made this 1st day of November, 2001 by and between: ACTRADE CAPITAL, INC. a Delaware corporation with offices at 200 Cottontail Lane, Vantage Court South, Somerset, NJ 08873 ("Actrade"); and XETEL CORPORATION, a Delaware corporation with offices at 2105 Gracy Farms Lane, Austin TX 78758 ("Maker"); who are sometime herein referred to as the "parties." WITNESSETH WHEREAS, in connection with the purchase of goods and/or services from a supplier who is a participant in Actrade's TAD Program ("Seller"), Maker has issued a series of TADs identified as follows: #119898 for $433,356.80, #119896 for $433,356.00, #119897 for $433,356.00 and #119895 for $433,356.00, totaling the sum of $1,733,424.80, all of which were due on October 23, 2001, and WHEREAS, Maker has defaulted in payment of the aforesaid TADs and wishes to restructure the aforesaid TADs, and WHEREAS Actrade has agreed to restructure the aforesaid TADs with new maturity dates extending through January 23, 2002 ("Restructured TADs" hereafter), provided that Maker (i) posts the additional collateral security as set forth in this Agreement which shall be supplemental to the existing TAD Program acknowledgements and agreements (collectively the "Program Agreements") between Maker and Actrade, and (ii) makes payment to Actrade in the sum of $52,000.00 on or before November 26, 2001 ("Initial Sum"), the provisions of which are incorporated herein by reference. NOW, THEREFORE, in consideration of the mutual promises contained herein and in the Program Agreements, as well as other good and valuable consideration receipt of which is hereby acknowledged, the parties agree as follows: 1. COLLATERAL SECURITY. Maker confirms that it intends to make payment of the Initial Sum on or before November 26, 2001 and pay the Restructured TADs on or before January 23, 2002 as herein before described and that in consideration of Actrade's agreement to restructure said TADs, it shall agree to provide to Actrade the following described securities as collateral security for the due payment of the Initial Sum and the Restructured TADs: ALL OFFICE EQUIPMENT AND FURNITURE, INCLUDING BUT NOT LIMITED TO, COMPUTERS, PRINTERS, DESKS, TABLES, WORKSTATIONS, CUBICLES, WORKBENCHES, CHAIRS, CABINETS, LETTER FILES, AND OTHER COLLATERAL DESCRIBED IN ATTACHMENT "SCHEDULE A" 1 2. UCC -1 FINANCING STATEMENT. Maker agrees to provide and execute all documentation necessary to enforce the UCC-1 Financing Statement in connection herewith. 3. GENERAL TERMS OF THIS SECURITY AGREEMENT. The parties agree that the following terms and conditions shall govern this Security Agreement: (i) The security period shall commence on the date of the execution of this Agreement by all parties. (ii) The security period shall continue thereafter until all conditions set forth herein are met and satisfied including the payment in full for all TADs issued by Maker and purchased by Actrade from Seller including the Restructured TADs. (iii) Upon receipt from Actrade of a notice of default in payment of the Initial Sum on or before November 26, 2001, and/or payment of the Restructured TADs on or before January 23, 2002, or any facts otherwise constituting a default under this Agreement, Actrade shall immediately notify Maker in writing that a default has been declared. Maker shall have two (2) business days to cure the default. If not cured within such period then, without further notice to Maker, upon the written request of Actrade, Actrade shall take all steps necessary to effect enforcement and collection of collateral security described herein. (iv) Upon payment in full of the aforesaid TADs, and payment in full to Actrade of all TADs and amount due thereunder, Actrade shall file a UCC-3, Termination Statement. 4. GOVERNING LAW. This Agreement is governed by the laws of the State of New York. Any legal action or proceeding arising out of or relating to this Agreement may be instituted only in the Courts of the state of New York, within the City and County of New York, or of the United States of America for the Southern District of New York, and the parties hereto hereby irrevocably submit to the jurisdiction of each such court in any such action or proceeding. Further, in connection with any such proceeding, the parties hereto waive their right to a trial by jury and further consent to the service of process by means of certified or registered mail, addressed to the addresses set forth herein or as may be changed in writing by any of the parties hereto from time to time. 5. WARRANTIES, REPRESENTATIONS AND COVENANTS: To induce Actrade to enter into this Agreement and with full knowledge that the warranties, representations and covenants herein are being relied upon by Actrade, Maker warrants, represents and covenants that: (a) The execution of this Agreement, and the performance by Maker of its covenants and undertakings hereunder have been duly authorized by all requisite corporate action, and approved by the Board of Directors of Maker, and Maker has the corporate power and authority to enter into this Agreement and perform the covenants and undertakings to be performed by it hereunder, and is under no other impediment which would adversely affect its ability to consummate or prohibit it from consummating the transactions contemplated hereby. 2 (b) This Agreement has been duly authorized, executed and delivered by Maker and constitutes a valid and legally binding obligation thereof enforceable in accordance with its terms. (c) Maker acknowledges that Actrade is not a bank or lending institution and confirms its understanding that this Agreement is an accommodation as part of its relationship with Actrade under the TAD Program; 6. SAVING CLAUSE. In case any one or more of the provisions contained in this Agreement shall for any reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or un-enforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If, moreover, any one or more provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration or geographic scope, activity or subject matter, including but not limited to any rate of interest being deemed to be excessive or beyond the highest such rate permitted by applicable law, then, in such event, it shall be construed by limiting and reducing it so as to be enforceable to the extent compatible with the applicable law as it shall then appear. 7. CHANGES IN WRITING. This Agreement may be changed only in writing and only if the writing is signed by each of the parties hereto. 8. ASSIGNMENT. The parties hereto understand and agree that this Agreement and the obligations and entitlements hereunder may be assigned, either in whole or in part by Actrade to any third party without otherwise affecting the terms or conditions hereof. However, it is also understood and agreed that this Agreement and its rights, obligations and entitlements may not be assigned or otherwise transferred by Maker without the express written consent of Actrade. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. ACTRADE CAPITAL, INC. XETEL CORPORATION By: By: ----------------------------- --------------------------------- Richard Couzzi AUTHORIZED SIGNATURE Vice President, Credit & Collections ------------------------------------ PRINT NAME AND TITLE 3 1 (SCHEDULE A)
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1270 Indoff/Warehouse Shelving 30 ###-###-#### Indoff/Warehouse IA 6,311 1324 Mfg. Floor Arlink - Inv#702061 - PO# G45337 - Conveyor 1 9 ###-###-#### Briggs/Workbenches 52 3 ###-###-#### Linda Richie Marshall/Storage Cabinets 1 10 ###-###-#### Arbell/ (20) Workstations 20 16 ###-###-#### Bill Pettit Ergotron - Inv#149975 - PO# G45456 - Work Station 1 2 ###-###-#### Linda Richie Workbenches (Sys. Integration) 18 ###-###-#### Shelving Tool Crib 1 3 ###-###-#### VP OPERATION 36X72 WALNUT DESK 1 ###-###-#### VP OPERATION WALNUT CREDENZA W/KB SLIDE 1 ###-###-#### R&M Room Model CHW69 Modular Storage Cabinet 1 2 ###-###-#### Mfg Area Beige Lyon Lockers 9 ###-###-#### Bill Nabors BT Office Products 3,052 1385 Mfg Area Remanufactured Partitions 4 ###-###-#### Mfg Area Workbenches 5 ###-###-#### Mfg Area Partition Furniture 28 ###-###-#### Cubicle Offices 5 ###-###-#### T. Bergman Desk/Chair/Crendenza 1 ###-###-#### Marshall - Metcal Workstations 12 7,066 1600 Mkting Storage 20' Nimlok Tradeshow Display 1 18 ###-###-#### Steve Sauter Office Furniture 1 5 ###-###-#### DAVE GAULT 36X72 OAK DESK 1 ###-###-#### DAVE GAULT OAK CRENDENZA W/KB SLIDE 1 ###-###-#### KAREN HOSKINS CHAIR/SIDE ONYX MAHOGANY 1 ###-###-#### KAREN HOSKINS MAHOGANY TABLE 1 ###-###-#### KAREN HOSKINS DESK, RETURN, BOOKCASE 1 2 ###-###-#### ANGE DECARO NORFOLK SOFA/PILLOWS/PICTURES 1 ###-###-#### ANGE DECARO BASE CABINET/GLASS CABINET 1 ###-###-#### ANGE DECARO CHAIR/COMPUTER TABLE/PEDESTAL 3 ###-###-#### ANGE DECARO OFD/COMPUTER TABLE ###-###-#### LOBBY Desk, Credenza, Bookcase 3 ###-###-#### LOBBY Desk, Credenza, Bookcase IA (530) 1700 ANGE DECARO Credenza/tabletop 2 ###-###-#### Rich Phillips Hon Executive Furniture - Mahogany 1 4,029 1700 LOBBY XeTel Logo Pictures 3 ###-###-#### Chilinski 36X72 WAL. EXEC. DESK 1 ###-###-#### Chilinski WALNUT 2 DR LATERAL FILE 2 1 ###-###-#### Chilinski WALNUT KNEESPACE CREDENZA 1 796
SCHEDULE A 2
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1710 Schmid Adjustable Workstation 1 1,083 1727 Gracy Frams Briggs Workbenches 191,158 1729 FACILITIES A/H PUTTY/WALNUT DESKS 3 ###-###-#### FACILITIES A/H PUTTY/WALNUT TABLE 3 ###-###-#### FACILITIES A/H PUTTY 2DRW LEGAL FILE 1 164 1729 FACILITIES PUTTY-2 DRAWER FILES 3 ###-###-#### FACILITIES CONFERENCE TABLE 1 ###-###-#### FACILITIES PUTTY/WALNUT COMPUTER TABLE 2 ###-###-#### FACILITIES CONFERENCE RM CHAIRS 8 ###-###-#### FACILITIES EXECUTIVE CHAIRS 3 ###-###-#### FACILITIES DESK SIDE CHAIRS W/ARMS 8 ###-###-#### FACILITIES RECPT. AREA COUCH (3SEATER) 1 ###-###-#### FACILITIES RECPT. AREA CHAIR (1SEATER) 3 ###-###-#### FACILITIES RECPT. AREA COCKTAIL TABLE 1 159 1729 FACILITIES A/H LEGAL 4 DRWR FILE 1 197 1729 FACILITIES 6' X 6' BOOKSHELF 1 ###-###-#### FACILITIES 30 X 60 WORK TABLES 20 2 ###-###-#### FACILITIES HERMAN MILLER LATERAL FILE 5 ###-###-#### FACILITIES HERMAN MILLER CHAIR BOARDS 2 154 1729 FACILITIES HERMAN MILLER PANELS USED 47 5 ###-###-#### FACILITIES A/H DESK W/TEAK 1 ###-###-#### FACILITIES A/H 30X60 TABLE 1 188 1729 FACILITIES 4 DRWR LETTER FILE 1 143 1729 FACILITIES A/H 30X60 TEAK TABLES 4 ###-###-#### FACILITIES A/H 2 DRWR LETTER FILE 3 ###-###-#### FACILITIES A/H 4 DRWR LETTER FILE 1 123 1729 FACILITIES A/H TEAK DESK 1 ###-###-#### FACILITIES 2 DRWR LETTER FILE 1 88 1729 FACILITIES A/H PUTTY WALNUT CRT TABLE 1 187 1729 FACILITIES CORNER OAK TABLE 2 1,191 1729 FACILITIES BLACK 4 DRWR LEGAL FILE 2 311 1729 FACILITIES A/H TEAK DESKS 2 ###-###-#### FACILITIES 2 DRWR LETTER FILE 2 175 1729 FACILITIES 4 DRWR BLK LETTER FILE 2 122 1729 WALNUT STENO DESK 1 ###-###-#### FACILITIES 2 DRWR LEGAL FILE W/LOCK 1 126 1729 FACILITIES 4 DRWR LEGAL FILE W/LOCK 1 182 1729 BREAKROOM G.E. REFRIG W/ICE-MAKER 1 ###-###-#### FACILITIES 36X72 WALNUT TABLE 1 ###-###-#### FACILITIES BLUE STACK CHAIRS 8 ###-###-#### FACILITIES 30X60 TEAK TABLES 2 ###-###-#### FACILITIES 30X60 TEAK DESKS 4 1,091 1729 FACILITIES GREY SWIVEL CHAIRS 6 ###-###-#### FACILITIES GRAY SIDE CHAIR 4 ###-###-#### FACILITIES 4 DRWR LETTER FILE W/LOCK 1 150 1729 FACILITIES 24X44 S/PED DESK 1 184 1729 FACILITIES 2 DOOR PUTTY CABINETS 3 ###-###-#### FACILITIES 4 DRWR LEGAL FILE-TAN 1 169 1729 FACILITIES TEAK 60X30 TABLE 1 142 1729 FACILITIES 4X6 ALUM. MARKER BD 1 108 1729 FACILITIES A/H PUTTY/WALNUT DESK 1 ###-###-#### FACILITIES A/H PUTTY/WALNUT CRT TABLE 1 189
SCHEDULE A 3
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1729 FACILITIES EXEC. SWIVEL CHAIRS 3 ###-###-#### FACILITIES EXEC. SIDE CHAIRS 2 ###-###-#### FACILITIES 4X8 MARKER BOARD 1 127 1729 FACILITIES INVENTORY CARD CABINET 2 ###-###-#### FACILITIES PARCH 4 DRWR LETTER FILE 1 110 1729 FACILITIES PARCH 4 DRW LETTER FILE 1 151 1729 FACILITIES BLOODSTONE SIDE CHAIR/WALNUT 2 311 1729 FACILITIES GRAY SIDE CHAIR/OAK 2 ###-###-#### FACILITIES 30 X 60 AH/DESKS 2 ###-###-#### FACILITIES 30 X 60 TABLES 2 ###-###-#### FACILITIES 4 DRWR LETTER FILES 2 ###-###-#### FACILITIES GRAY SWIVEL CHAIRS 2 ###-###-#### FACILITIES 30 X 60 TABLES 2 ###-###-#### FACILITIES 30 X 60 AH/DESKS 2 ###-###-#### FACILITIES GRAY SWIVEL CHAIRS 2 ###-###-#### FACILITIES 2 DRWR LETTER FILE 1 81 1729 FACILITIES HERMAN MILLER PANELS - ASSY 12 4 ###-###-#### FACILITIES GRAY SWIVEL CHAIR 1 106 1729 FACILITIES LETTER FILE - 4 DRWR 1 138 1729 FACILITIES LETTER FILE - 2 DRWR. 2 169 1729 FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES STORAGE CABINET - 72" 1 147 1729 FACILITIES GRAY SIDE CHAIRS 3 ###-###-#### FACILITIES GRAY SWIVEL CHAIR 1 106 1729 FACILITIES BOOKCASE 48" 1 91 1729 FACILITIES GRAY SWIVEL CHAIR 1 106 1729 FACILITIES LETTER FILE - 4 DRWR 1 112 1729 FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES LETTER FILE - 4 DRWR 1 112 1729 FACILITIES 30 X 60 DESK 3 ###-###-#### FACILITIES 4 DRWR LETTER FILE/W LOCK 1 138 1729 FACILITIES 2 DRWR LETTER FILE 3 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES GRAY SIDE CHAIRS 8 ###-###-#### FACILITIES GRAY SWIVEL CHAIR 5 ###-###-#### FACILITIES 2 DRWR LETTER FILE 1 85 1729 FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES 72" STORAGE CABINET 1 147 1729 FACILITIES PARCHMENT STORAGE CABINET 1 198 1729 FACILITIES GRAY SIDE CHAIR 3 ###-###-#### FACILITIES GRAY SIDE CHAIR 4 ###-###-#### FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES GRAY SWIVEL CHAIR 1 106 1729 FACILITIES GRAY SWIVEL CHAIR 1 106 1729 FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES PARCHMENT STORAGE CABINET 1 198 1729 FACILITIES 30 X 60" DESK 2 ###-###-#### FACILITIES 30 X 60" TABLE 6 1,017
SCHEDULE A 4
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1729 FACILITIES 4 DRWR LETTER FILE 1 134 1729 FACILITIES GRAY SWIVEL CHAIR 2 ###-###-#### FACILITIES 30 X 60" DESK 2 ###-###-#### FACILITIES 30 X 60" TABLE 3 ###-###-#### FACILITIES 2 DRWR LETTER FILE 2 169 1729 FACILITIES PUTTY MOBILE FILE 2 183 1729 FACILITIES 4 DRWR LEGAL FILE W/LOCK 1 150 1729 FACILITIES 72 X 36 TABLE 1 161 1729 FACILITIES 2 DRWR LETTER FILE 1 85 1729 FACILITIES GRAY SWIVEL CHAIRS 3 ###-###-#### FACILITIES 2 DRWR LETTER FILES 3 ###-###-#### FACILITIES 4 DRWR LETTER FILE 1 134 1729 FACILITIES 30 X 60 TABLE 4 ###-###-#### FACILITIES 18 X 60 TABLE 1 125 1729 FACILITIES 30 X 60 DESKS 2 ###-###-#### FACILITIES 30 X 60 TABLES 3 ###-###-#### FACILITIES 30 X 60 DESKS 3 ###-###-#### FACILITIES 29" BOOKCASE 2 123 1729 FACILITIES 30 X 36 TABLE 1 140 1729 FACILITIES 30 X 60 DESKS 3 ###-###-#### FACILITIES 2 DRWR LETTER FILE 3 ###-###-#### FACILITIES GRAY SWIVEL CHAIRS 3 ###-###-#### FACILITIES 2 DRWR LETTER FILES 2 171 1729 FACILITIES WALNUT 48" BOOKCASE 1 199 1729 FACILITIES 4 DRWR LEGAL FILE CAB 1 112 1729 FACILITIES 30 X 36 TABLE 1 140 1729 FACILITIES GRAY SIDE CHAIRS 7 ###-###-#### FACILITIES 30 X 60 TABLE 1 170 1729 FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 TABLE 1 170 1729 FACILITIES GRAY SWIVEL CHAIRS 2 ###-###-#### FACILITIES 30 X 60 DESK 2 ###-###-#### FACILITIES 4 DRWR LETTER FILE 1 112 1729 FACILITIES 2 DRWR LETTER FILE CAB 2 171 1729 FACILITIES 29" BOOKCASE 2 123 1729 FACILITIES 48" BOOKCASE 1 92 1729 FACILITIES 30 X 60 TABLE 1 170 1729 FACILITIES 4 DRWR LETTER CABINET 1 107 1729 FACILITIES 2 DRWR LETTER FILE 1 75 1729 FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### FACILITIES 30 X 60 DESK 2 ###-###-#### FACILITIES 30 X 60 DESK 1 ###-###-#### MFG CONF WALNUT CONFERENCE TABLE 1 538 ROOM 1729 FACILITIES HERMAN MILLER CUBICLES 34 20,188 1729 FACILITIES FURN MASTER-CUBICLES/INSTALLATION 67 ###-###-#### LOBBY EKITA - CUSTOM COFFEE TABLE 794
SCHEDULE A 5
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1729 FACILITIES FOX INV 09941 CUBICLE WIRING 8 ###-###-#### FACILITIES FURN MASTER-ADD'L PARTS INV ###-###-#### FACILITIES HULL SUPPLY 17013-WINDOWS FOR DOOR ###-###-#### SUBTOTAL TOTAL OF # 9 ###-###-#### FACILITIES MAHOGANY CREDENZA (50) 1729 FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES CHAIR, GUEST SIDE GREEN/MAH ###-###-#### FACILITIES RETURN, EXEC RIGHT MAHOGANY ###-###-#### FACILITIES RETURN, EXEC RIGHT MAHOGANY ###-###-#### FACILITIES RETURN, EXEC RIGHT MAHOGANY ###-###-#### FACILITIES ROUND MAHOGANY TABLE ###-###-#### FACILITIES ROUND MAHOGANY TABLE ###-###-#### FACILITIES ROUND MAHOGANY TABLE ###-###-#### FACILITIES 2DR LATERAL FILE ###-###-#### FACILITIES CHAIR, EXEC H/B GREEN MED OAK ###-###-#### FACILITIES CHAIR, EXEC H/B GREEN MED OAK ###-###-#### FACILITIES CHAIR, EXEC H/B GREEN MED OAK ###-###-#### FACILITIES END TABLE ###-###-#### FACILITIES GREEN LOVESEAT ###-###-#### FACILITIES GREEN LOVESEAT ###-###-#### FACILITIES MAHOGANY CREDENZA ###-###-#### FACILITIES DESK, SINGLE PED. MAHOGANY ###-###-#### FACILITIES DESK, SINGLE PED. MAHOGANY ###-###-#### FACILITIES DESK, SINGLE PED. MAHOGANY ###-###-#### FACILITIES DESK, SINGLE PED. MAHOGANY ###-###-#### FACILITIES MAHOGANY CREDENZA ###-###-#### FACILITIES MAHOGANY CREDENZA ###-###-#### FACILITIES MAHOGANY CREDENZA ###-###-#### FACILITIES MAHOGANY COMPUTER TABLE ###-###-#### FACILITIES COFFEE AND SOFA TABLES 1,056 1729 FACILITIES SOFA & LOVESEAT 1 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 12,159 1729 FACILITIES CUBICAL REFURB. PROJECT #89 7 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 7 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 7,085 1729 FACILITIES CUBICAL REFURB. PROJECT #89 7 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 10 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 8,097 1729 FACILITIES CUBICAL REFURB. PROJECT #89 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 7 ###-###-#### FACILITIES CUBICAL REFURB. PROJECT #89 1,124 1729 FACILITIES REFURBISH HERMAN MILLERS PANEL 2 ###-###-#### FACILITIES PRODUCTION MFG CHAIR 3 ###-###-#### FACILITIES INDUSTRIAL REFRIG 2 ###-###-#### FACILITIES BT Office/ Folding Tables 42 9 ###-###-#### FACILITIES BT Office/Locker Benches 19 3 ###-###-#### FACILITIES Training Tables 50 16 ###-###-#### FACILITIES BT Office/ Folding Tables IA 42 822
SCHEDULE A 6
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST$ 1729 FACILITIES Scottman Ice Maker 1 2 ###-###-#### FACILITIES Training Tables IA 50 1 ###-###-#### FACILITIES BT Office/ Folding Tables IA 42 (1,101) 1729 FACILITIES Walltech/Offices 8 ###-###-#### Facilities ICS - Inv# 2729 - PO# G45221 - Badge Reader 1 4 ###-###-#### FACILITIES Victory 2 Door Frig 2 ###-###-#### FACILITIES Star Furniture/Lobby GFarms 7 ###-###-#### FACILITIES ABC Restaurant Supply/Refrigerator 2,051 1730 COMPUTER RM TIC CABLE SUPPLY-IS CABINETS 3 4 ###-###-#### COMPUTER RM Network Organizer/Multi Media Cabinet 10 ###-###-#### COMPUTER RM 2 Manager Chairs with arms ###-###-#### COMPUTER RM Multimedia Cabinet 1 ###-###-#### COMPUTER RM 4 Keyboard pullouts/switching box 2,179 ASSETS TRANSFERRED FROM CALIFORNIA 1729 Items fr Cal CUBICLE CO 12 ###-###-#### Items fr Cal Cubicles-N 12 ###-###-#### Items fr Cal LASER JET PRINTER 2 ###-###-#### Items fr Cal PAYMENT TO TELESET 28 ###-###-#### Items fr Cal BUNDLE HP LASERJET 1 ###-###-#### Items fr Cal BUNDLE HP LASERJET 1 ###-###-#### Items fr Cal WRKBNCH 30" 201 1729 Items fr Cal WRKBNCH-30 ###-###-#### Items fr Cal WRKBNCH 9 ###-###-#### Items fr Cal FAX-PLAIN 1,811 1729 Items fr Cal M100-ULTRA TORQ ANALYZER 110V 2 ###-###-#### Items fr Cal CUBICLES 5 ###-###-#### Items fr Cal TOOL, BENCH MOUNT HYDRA AVDEL 3 ###-###-#### Items fr Cal DIGITAL CAMERA 1,062 1729 Items fr Cal Sales Office Furniture 26 ###-###-#### Items fr Cal Office Furniture/Benchmark 15,127 TOTAL FURNITURE-AUSTIN $ 869,759 ----------------- =================
SCHEDULE A 7
DEPT LOCATION ITEM DESCRIPTION TOTAL COST $ 1510 Workstation 2nd installment on cubicles 19,420 Designs 1510 Workstation 3rd & final installment on cubicles 4,855 Designs 1510 Workstation 1-additional cubicle 985 Designs 1510 Tod Bradury Cubicles from Nokia 3,108 1510 Workstation Charleston Series 36x72 desk (2) 5,776 Designs 1510 Workstation Charleston Series 36x72 desk (2) 5,776 Designs 1510 14,013 1510 Theresa Mink's Leather Sofa Lobby 1 ###-###-#### Expo Design Rug for lobby Guggen Arts GA15 757 Center 1510 Sam's Chairs Manuf Floor 1,136 1510 North Dallas Wshe Uprights 18x42/pr beams 6 ###-###-#### Indoff Inc Lockers(84) & Mat 9 ###-###-#### Corporate Express Guest chair(2)/Swivel char(12) 3 ###-###-#### Ridout/Roberts Pictures 2 ###-###-#### Shannon Workstations(20) 12 ###-###-#### Indoff Inc Wire care 5,007 1510 Starrco Walls 10 X 36 X 8 8,103 1510 Indoff Inc Lockers(54) & Mat 4 ###-###-#### Ridout/Roberts Pictures(credit) (2,456) TOTAL FURNITURE--DALLAS $ 173,846
SCHEDULE A 8
DEPT LOCATION ITEM DESCRIPTION QTY TOTAL COST $ 1730 IS Dell - (2) PowerEdge 1300 Base, PIII, 2 10,329 800 Mhz/256K Servers 1730 IS Dell - 800Mhz/133 GX110 1 2,162 1730 IS Dell - 800Mhz/133 GX110 ###-###-#### IS Dell Optiplex GL200 1 1 ###-###-#### IS Dell Optiplex GL200 ###-###-#### IS Dell Optiplex GX200 4 5,132 1730 IS Dell Optiplex GX200 ###-###-#### IS Dell - Backup system replacement parts 5 ###-###-#### IS Dell - Backup system replacement parts ###-###-#### IS Dell PC 6 ###-###-#### IS Dell PC ###-###-#### Dell Direct / (6) Dell 700 Celeron 6 5,003 GX100/S 1730 Dell Direct / (6) Dell 700 Celeron 575 GX100/S 1730 Dell Direct / (4) Latitude CPTS600GT 4 9 ###-###-#### Dell Direct / (4) Latitude CPTS600GT ###-###-#### IS Dell / Poweredge 2400 Server 1 2 ###-###-#### IS - Gary Dell Latitude CPX J650Gt Notebook 1 2,685 Trott Computer 1730 IS Dell Direct / (4) Dell 700 Celeron GX100 4 3 ###-###-#### IS Dell Direct / (6) Dell 700 Celeron 6 5,593 GX100/S 1730 IS Dell / Poweredge 2450 Server-Unicam 1 8,410 TOTAL COMPUTERS/OFFICE EQUIPMENT $ 306,740
TOTAL FURNITURE-AUSTIN $ 869,759 TOTAL FURNITURE--DALLAS $ 173,846 TOTAL COMPUTERS/OFFICE EQUIPMENT $ 306,740 ------------ TOTAL COLLATERAL $ 1,350,345 ============
"SCHEDULE A" APPROVED BY XETEL CORPORATION By: ------------------------------ NAME: TITLE: