NA LEASING SYSTEM
LEASE AGREEMENT
CONTRACT NUMBER.
CUSTOMER
NAME ELGRANDE COM INC.
BILLING ADDRESS 308-1040 Hamilton Street
CITY & PROVINCE Vancouver, BC
POSTAL CODE V6B 2R9
CUSTOMER PERSON TO CONTACT TELEPHONE NUMBER FAX NUMBER
CONTACT MICHAEL PAGE 713-0868 713-0872
VENDOR NAME
SALES REP
TEL-PLUS SYSTEMS
ADDRESS
160-13071 VANIER PLACE. RICHMOND. B.C. V6V 2J2
EQUIPMENT QUANTITY DESCRIPTION (MAKE. MODEL AND DESCRIPTION)
DESCRIPTION
SEE ATTACHED EQUIPMENT SCHEDULE "A" FORMING AN INTEGRAL PART OF THIS LEASE
AGREEMENT
INSURANCE OPTIONS Unless Customer waives this insurance option by signing
below, Customer hereby requests and authorizes Lessor to obtain replacement
value insurance covering loss or damage to the Equipment. Such insurance shall
he placed with an insurance company of Lessor's choice and Customer will receive
an insurance certificate outlining the coverage in effect. Customer acknowledges
that the periodic rental amount appearing below will he increased by 3% (minimum
$5.00 increase) during the term that such coverage is in effect.
INSURANCE WAIVER. Customer hereby waives the above insurance option and agrees
to obtain independent coverage at its own expense, in accordance with the
Equipment risk and Insurance section on the reverse side, adding Lessor as an
additional insured and showing Lessor as a co-loss payee, and further agrees to
provide Lessor with evidence of such coverage within 30 days from the
commencement of the Agreement and at any other time upon request.
Insurance option waived by: Title (s):
<TABLE>
RENTAL
AMOUNT
LEASING NO. PAYMENTS PAYMENTS WILL BE EXCLUDING PROVINCIAL GOODS & TOTAL
PARTICULARS OF MOS MADE IN ADVANCE GST & PST SALES TAX SERVICES PROVINCE PAYMENT
----------- ------ -------- ---------------- --------- ---------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
40 40 MONTHLY 775.00 54.25 54.25 BC 883.50
----------- ------ -------- ---------------- --------- ---------- -------- -------- -------
</TABLE>
<PAGE>
BILLING If above Rental Amount is less than $150.00, Customer hereby
acknowledges that a $5.00 surcharges will be added to each Rental to cover
Lessor's billing and handling expenses. Customer may avoid this billing
surcharge by completing the Pre-Authorized Payment Plan section below.
PRE-AUTHORIZED Lessor is hereby authorized to periodically draw payment
under its Pre-Authorized Payment Plan from the bank account specified in the
PAYMENT Bank Information section above and/or as outlined on the attached
sample cheque to cover the Rental and other amounts due under this Agreement.
Authorized Cheque Signature(s)
Title(s):
PLEASE ATTACH UNSIGNED SAMPLE CHEQUE
CUSTOMER ACKNOWLEDGES HAVING READ THE TERMS AND CONDITIONS OF THIS AGEEMENT
WHICH ARE SET FORTH ON THIS PAGE AND ON THE REVERSE SIDE.
EXECUTED AS LESSOR:
NORTH AMERICAN LEASE UNDERWRITERS INC.
BY:
Authorized Signature
CUSTOMER ELGRANDE.COM INC.
The undersigned affirms that he/she is duly authorized to execute this Agreement
BY:
TITLE:
Authorized Signature
BY:
TITLE:
Authorized Signature
-
EQUIPMENT SCHEDULE "A"
To Lease No.----------dated for reference the -----day of ------------, 1999.
NORTH AMERICAN LEASE UNDERWRITERS INC.
(herein "Lessor")
and
ELGRANDE.COM INC.
(herein "Lessee")
In addition to equipment listed in the Lease or in any other Schedule, the
following is included therein:
Tel-Plus Systems
-----------------
160-13071 Vanier Place
Richmond, B.C.
V6V 2J2
<PAGE>
1 ELECTRA ELITE TELEPHONE SYSTEM CIW
2 B64-U1O KSU ELITE
1 CPUB(100) U10 ETU
1 MODEM KIT UNIT
1 KMM(l.0) U KEY
2 COID(8) U10 ETU CO INTER
3 ESI(8) U10 ETU
1 VMS (4) U10 ETU ELITE 4 P
1 MIFM-U10 ETU MULTIPLE IN
19 DTU-16D-2 BK TEL SET
1 DTU-32D-2
1 ELECTRA ELITE MULTILINE
1 MIFA-U10 ETU MULTIPLE IN
1 EXP-U1O ETU EXPANSION CARD
1 VRS(4) U10 ETU VOICE REC
14 CTA-U UNIT COMPUTER TAPI
1 ELECTRA STAT ACD MIS PRO
1 SURGE PROTECTOR
North American Lease Underwriters Inc. Lessee: ELGRANDE.COM INC.
Per:c/s
Authorized Signatory
Per:-------------------------------c/s
Authorized Signatory
